The Disrupt Weekend

See Also: ETHDenver Video Presentations

Nunchuck Wallet Team Responds to Ontario Court Order Requesting Bitcoin Wallet Freeze for Canadian Protestors:

“As the ETHDenver developer conference gets underway, the incubator ConsenSys Mesh will debut details about TreeTrunk, an NFT platform that aims to eliminate the risk of centralized platforms failing to pay royalty payments from secondary sales correctly or on time. TreeTrunk is launching a beta release on the Polygon Mumbai testnet.

According to the company, TreeTrunk has introduced a pioneering smart contract that collects and distributes royalty payments from the secondary sales of NFTs immediately and securely on the blockchain. Current NFT standards may not enforce instant collection or distribution of royalties on a chain to the creator, and less so to both creators and distributors.

This approach, according to Wolpert, offers influencers the opportunity to construct an “NFT family tree” of first- or second-generation NFT and syndicate prints holders who can buy into a “community of inclusion” that generates passive income.

The technique that TreeTrunk uses to create and exchange authorized copies that can prove their relationship to an original NFT is called crypto-lithography. Similar to the lithographic printing process, zero-knowledge cryptography technology ‘shields the original NFT while letting people see, enjoy and sell unique, verifiable prints.’

The TreeTrunk co-founder also emphasized that it was important to the company to improve on the way NFTs handle legal rights and artists control their intellectual property.

It’s no longer a game of guessing what the license agreement terms are, especially on secondary market transactions. Unlike the previous NFT standard, with TreeTrunk the license agreement is embedded in the NFT metadata itself.”

See Also: Harmony launches Bored Ape Yacht Club NFT Passport
See Also: ‘The industry will need to have dynamic NFTs,’ says Vivid Labs CEO Halsey Minor

“The Helium Network, a crypto-powered distributed network of long-range wireless hotspots, has amassed over half a million miners across the world in just two years and is expected to cross the 1 million mark in the next six months.

A Helium hotspot is a small device that plugs into a regular electric outlet, taps into existing internet service and extends that Wi-Fi for miles – providing a connection to local devices as well as acting as a node on the network. Hotspot owners are rewarded in cryptocurrency – the HNT tokens – for operating the hotspots.

Helium uses a “burn-and-mint equilibrium” token model, with two units of exchange: HNT and Data Credits (DC). Users wanting to use the network to transfer data use DC, which is set at a fixed rate of $0.00001 per 24 bytes of data. When DC is acquired, HNT is burned — reducing the supply of HNT.

So that’s what might drive appreciation in the price of HNT: Greater usage of the network would theoretically make the tokens scarcer, and thus more valuable. At the current pace of growth, the network is adding 80,000 new hotspots monthly.

People might be underestimating how quickly Helium could take the market share from incumbent wireless carriers over the next few years.

Farrell said that a significant damper for the price right now is the cryptocurrency’s general availability to U.S. investors – possibly introducing the risk of regulatory intervention under applicable securities laws.”

See Also: The Graph (GRT) gains momentum as Web3 becomes the buzzword among techies
See Also: Gnosis (GNO) continues uptrend after vCOW airdrop and rebrand to CoW Protocol

The next edition of Devcon will take place in Bogotá, Colombia at the beautiful Agora Bogotá Convention Center! Agora Bogotá is a newly constructed and state-of-the-art center that we hope will be, by far, the best venue to ever host Devcon.

The Ethereum ecosystem’s preference clearly aligned around a strong demand for an event in Latin America, and a venue capable of welcoming and serving this large and growing gathering. We’re confident that in Bogotá we’ve found both a region and venue capable of accomplishing every goal laid out for this year’s Devcon. Moreover, we’ve found serious potential to grow a significant community presence.

This event represents many things to the many different types of attendees that come together to be there. It is a homecoming for many active participants in the world of Ethereum. It is a large stage on which to present the latest groundbreaking ideas and achievements for the builders that make Ethereum what it is and what it will become. And to all of us, Devcon is an opportunity to bring new faces, places and entire communities into the fold.

In coming posts, we’ll cover more about Devcon 6 ticketing, the city and our recommendations for your stay and for getting around, and more.”

IBM, originally one of the biggest supporters of permissioned blockchains, is now carefully positioning its hardware security and cloud computing capabilities around the safekeeping of cryptocurrencies and digital assets.

IBM’s cryptographic key management infrastructure is becoming a complementary technology to a growing list of crypto custody firms such as Hex Trust, Protego Trust, Custodigit, Unbound, Onchain Custodian and most recently, Swiss custody firm Metaco.

Large institutional players entering crypto want bank-grade computing, where a special purpose operating system on adapted security hardware handles and attests to the integrity of everything: deployment of code, execution, maintenance, auditing, etc.

IBM’s main market for its digital asset suite remains the banks that already use its LinuxOne mainframes and who can deploy a digital assets stack that connects to their core banking system without the need for any additional infrastructure.

Thus far, cryptocurrency exchanges have yet to be convinced of the benefits of using IBM technology, despite the reputational damage and substantial losses that could result from collusive attacks and inside jobs that happen periodically in crypto.”

“Kaufman said the bull case for bitcoin is supported by the rise and prominence of decentralized finance (DeFi), which could essentially stifle sanctions altogether.

If sanctions hit Russia and hit Russia heavily, there is no question that they’re going to go into every stablecoin. They’re going to go into bitcoin. This is how they’re going to circumnavigate it.

Quantum Economics analyst Jason Deane agrees that bitcoin remains a viable and valuable avenue in Russia to hedge some of Biden’s threats, but sees any big moves as part of a longer-term scenario.”

“We are actively investigating rumors of an exploit associated with OpenSea related smart contracts. This appears to be a phishing attack originating outside of OpenSea’s website. 32 users thus far have signed a malicious payload from an attacker, and some of their NFTs were stolen.

OpenSea had planned to revise its smart contract (the code governing its trading platform, essentially) by releasing a brand-new contract on Friday. The upgraded contract was intended to ensure old, inactive listings on the platform would eventually expire.

On Twitter, traders shared what they’d initially thought were official OpenSea emails about the migration process from contract A to contract B.”