“A bipartisan group of senators say they’ll offer legislation if needed to clarify the contentious provision. The lawmakers also ask Yellen to begin the rulemaking process – by which the Treasury Department will explain how it plans to enact the law and solicit feedback – “in an expeditious manner.”
The lawmakers wrote that they believed the Joint Committee on Taxation and the presidential administration shared the same definition of “broker” as the bill’s authors. This would mean the provision applies to entities that actually “enable the transfer of digital assets” and not “ancillary” parties.
We urge the Department of the Treasury to provide information or informal guidance as soon as possible – no later than the end of the current calendar year – regarding the definition of ‘broker’ as discussed during the legislative process. We are also prepared to offer legislation to further clarify that intent.”
“Sells likened the firm’s various partnerships, wallet integrations and infrastructure to something like AWS in the traditional web space – hence the large amount of interest in joining the funding round.
Instead of trying to build a retail crypto exchange that was out competing for customers, we wanted to empower incumbents to be able to offer access to bitcoin in a variety of ways. Starting next year, America is going to see bitcoin showing up everywhere in all kinds of applications. And that’s the NYDIG business model.
This involves a mission to embed Bitcoin wallets into anyone’s application, which could be a bank offering crypto trading or hospitality brand Landry’s giving customers bitcoin rewards.”
“Sector indices developed based on GICS have become the backbone for investors’ allocation, risk and performance-evaluation models. Nearly half of the equity indices are sector- or industry-based. DACS is a three-tier system that contains six sectors, 21 industry groups and 36 industries.
While DACS is unique to digital assets, it will serve many of the same functions as classification systems used for traditional asset classes. Among other things, DACS provides the market with a transparent and standardized method to determine sector and industry exposure, facilitates portfolio attribution analysis and will help pinpoint investment opportunities.
DACS can help investors identify investment opportunities by industry across digital assets. It can also be instrumental in evaluating the impact of sector trends on a portfolio, analyzing sector contributions to performance and measuring the degree of exposure to specific sectors versus benchmarks and peers. Lastly, it can help portfolio managers build well-defined sector-focused and sector-rotation strategies, and further attribute returns and risk by industry group and industry to best manage the sector strategies.”
See Also: DACS 500 List
“Blockchain oracle services firm Chainlink has added U.S. meteorology forecasting provider AccuWeather to further bolster its suite of real-world data feeds.
One of the important use cases is parametric insurance, and crop insurance is definitely a big one. Being able to cut out that middleman in some countries that are perhaps underserved in terms of insurance. The other place we’re looking is futures markets.
AccuWeather has a set fee for access to its weather data APIs, which will be paid in LINK, Chainlink’s native token, and which developers can connect with via the Ethereum blockchain network or the Polygon layer 2 network.”
“Researchers from Lockheed Martin, Ericsson, Lenovo, Huawei, Bosch, IoTeX and the China Academy of Information and Communications Technology are developing the global standards for blockchain-based decentralized identities in an effort that commenced two years ago.
After two years of research, the six major global businesses have provided the proof-of-concept for blockchain-based decentralized identification (DID) for IoT devices, which Dr. Fan started in 2019 with the World Wide Web Consortium (W3C).
IoT, decentralized identifiers, verifiable credentials, blockchain are technologies accelerating fast and bonding together. It’s a huge privilege to contribute to the IEEE P2958 standards development.
According to the press release, blockchain interoperability is crucial for the success of the Internet of Things (IoT), people and enterprises. Dr. Fan leads the working group that intends to ensure that the $12.6 trillion potential value of the IoT in 2030, as predicted by McKinsey, can be unlocked by defining a global DID standard through which people and machines can interoperate.”
“MGA Entertainment is launching a non-fungible token (NFT) collection that accompanies in-store purchases of its L.O.L. Surprise! brand trading cards. The company is releasing 10 million packs of cards in 20,000 retail outlets worldwide, including Walmart, Target and Walgreens in the U.S.
Each pack of cards has its own QR code that comes with ‘digital trading cards, tokens, NFTs or a digital version of their physical collectible‘ that can be instantly redeemed. MGA is tapping Polygon’s layer 2 blockchain to host the NFT collection.
Polygon is delighted to be supporting the fastest-growing global toy doll brand, L.O.L. Surprise!, as they move these beloved toys on-chain.”