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The crypto industry needs a crypto capital market structure
The DeFi industry needs a sound market structure and systemic independence from current transactional systems.
The modern financial market structure is essentially a chain of interconnected market participants that aid in accumulating capital and forming investment resources. These market participants have specific functions, such as asset custody, central bookkeeping, liquidity provisioning, clearing, and settlement. Because of function, capital constraints, or regulation, many of these entities are not vertically integrated, which prevents collusion or unilateral investment decisions. So, various products may be governed by different markets, but the fundamental financial primitives remain universal. For example, products such as stocks, bonds, futures, options, and currencies all need to be traded, cleared, and settled, and other functions such as collateralization, lending, and borrowing ensue.
Financial markets work only where there is a supply of and demand for capital, and this is important. Today, the information between these interconnected participants is a function of sequential batched relay systems, and this asymmetric dissemination of information not only creates opacity but also inefficiency in terms of liquidity requirements, system trust costs in the form of fees, and opportunity costs.
Blockchain and distributed ledger technology systems aim to solve these issues of time and trust with the characteristics of immutability and asymmetric dissemination of consistent information, which lends itself to trust and instant transaction processing. So, where did this go wrong? And why is the problem we were trying to solve becoming exponentially more complex and prevalent in crypto capital markets? Read More
Why longevity matters to everyone: Living longer lives in the world of Web3
Physicians and founders are rallying behind longevity medicine, and here is what a longer, healthier human lifespan means for the crypto community.
Expected to reach a market size of $128 billion by 2028, the longevity sector is no longer something that those outside the medical world can ignore. In the next few years, life-extending technologies and treatments for aging-related diseases will reach human trials. There is an exciting wave of development happening in research labs and technology centers across the globe, with more and more early adopters embarking on their longevity journeys.
As I’ve remarked in my earlier article, the crypto community would do well to learn more and engage in the growing longevity field. Longevity not only incorporates disruptive technologies, such as artificial intelligence and distributed ledger technologies but also has a visionary spirit and is supported by stakeholders dedicated to improving the human aging experience.
To share more about this up-and-coming sector, I spoke with three individuals about their alignment with longevity science and why they want you to know about the opportunities afforded by embracing longevity. The sector has already shown tremendous support in favor of the industry. The insights from one of the world’s foremost longevity physicians, the founder of the world’s leading full-service blockchain technology company, are unique but share a common theme: It is time for the world to pay attention to what the future holds for human lifespans. Read More
Crypto Giant Coinbase To Strengthen Foothold in Europe, Plans To Expand in France and Three Other Countries
Top US-based crypto exchange platform Coinbase is looking to ramp up growth outside of the US as the firm plans to expand its services into four European nations.
In a new company blog post, the crypto exchange says it’s ramping up its expansion efforts by venturing into France, Italy, Spain, and the Netherlands after already gaining a foothold in the UK, Ireland, and Germany.
“As part of our recently announced two-pronged growth strategy, we are driving a concerted effort to strengthen our presence in Europe…
We’re already on the ground in the UK, Ireland and Germany. Additionally, we are in the process of expanding in France, Italy, Spain, and the Netherlands. In all of these markets, our goal is to launch the Coinbase suite of retail, institutional, and developer products.”
Recently, the European Union (EU) passed a landmark agreement known as the Markets in Crypto Assets Regulation (MiCA) to create a sweeping crypto regulation rulebook for the 27 countries within its jurisdiction.
“This will provide important legal and regulatory certainty to the market, and raise standards across the industry. This is exciting – a harmonized single set of rules for the entire EU will enable us to invest, accelerate and scale our growth efforts across the entire bloc. Read More
Morpheus.network Merges With SupraOracles
SupraOracle, a Next-Generation Cross-chain oracle solution, has recently announced its partnership with the leading supply chain, Morpheus.Network. The SaaS middleware global network, Morpheus.Network, functions to tackle all the inefficiencies in the logistics industry in the World Economic Forum worth $15 trillion by inviting the brightest individuals in information security, global trade, artificial intelligence, and blockchain.
The network can be linked to several segregated systems and can trigger actions based on certain predetermined circumstances. It will allow users to optimize and automate their error-prone manual operations. The fundamental functionality of the platform is to build an adaptable and modularized digital twin of the supply chain workflows and processes. It will unify segregated layers in systems for warehousing, payments, documentation, manufacturing, and shipping into one source. It will allow process automation with complete transparency from start to end.
The middleware approach will allow them to create layers in a wide range of technologies in their workflow, including UPS Package Tracking, SAP, SWIFT international payments to more than 1600 global banks, Microsoft Dynamics ERP systems, and low-cost and rapid crypto payments. Being an automation supply chain platform, it can gather information from different stakeholders and sources when needed.
Morpheus can use SupraOracles technology.Network to obtain reliable information for any supply chain, such as cold chains using IoT devices, ocean clearances, cross-border clearances, and many more. Read More
Innovations that will change the way we work and interact online.
The Markethive Social Market Broadcasting Network becomes more prominent daily as the blockchain-driven ecosystem for entrepreneurs with a non-adversarial, bi-partisan free speech ethic and the collaborative culture we rarely see on social media platforms today. Even the newer acclaimed, free speech platforms are partisan to the left or right and deal with de-platforming and boycotts from payment providers.
Unlike the social media giants, which only have one primary news feed algorithmically set by the central authorities, Markethive is integrating four news feeds to accommodate the multi-functional platform within the Markethive ecosystem.
The individual feeds are General, Video, Blogging, and Content Curation, and they are all accessible from the main page and can be algorithmically set by the individual user. The scope that Markethive has is enormous as it integrates all the vertical systems of the other platforms under one roof.
Social + Video + Blogging + Marketing + Curation + Broadcasting + Affiliate + Gamification + Cottage Businesses = Markethive: A Powerful Blockchain-driven Ecosystem
There is nothing out there like Markethive. We are an Inbound Marketing (automated marketing platform) like Marketo, Paragon, and even the wannabee MLM Onpassive platform. We are like Youtube, Instagram, LinkedIn, Twitter, etc., but will be superior to these legacy Web 2 media when we release all the aspects and layout of Markethive 2.0.
We have a dynamic social media interface and growing community with a strong collaborative ethos, with SaaS and broadcasting capabilities already operational. We are not waiting for the launch to access the services; they are already there for you to use to help you facilitate your business and increase your reach and following.
Markethive is enhancing and bringing the platform into the future internet with our new technology and interfaces, but still in keeping with the human touch. Read More
Cardano Successfully Launches Vasil Upgrade On Testnet
The successful forking of the Cardano testnet signifies that the only step left in the Vasil Upgrade is the forking of the mainnet.
Testnet Live, Team Planning For Mainnet:
The much-awaited Vasil Upgrade just got one step closer to forking the mainnet. Cardano’s parent company, Input Output Hong Kong (IOHK) earlier announced on Twitter that the testnet forking has been accomplished.
The tweet read,
“We’re happy to report that today at 20:20 UTC the IOG team has successfully hard forked the Cardano Testnet. This is an important next step in the journey towards the Vasil upgrade on mainnet.”
The team is encouraging project developers, stake pool operators (SPO), and exchanges to deploy their code on the testnet to prepare for a smooth integration once the mainnet is forked in a month’s time. Due to the complex nature of the Vasil upgrade, backward compatibility will have to be accounted for, and SPOs will have to adjust their scripts. The next four weeks will be dedicated to testing, during which the teams at Cardano and Input-Output Global will work closely with the Cardano community of exchanges and developers. The proposal to update the mainnet will only be submitted once all players are comfortable with the upgrade. Read More
Bitsliced, The Revolution Behind Asset Tokenization
While the adoption of cryptocurrencies continues to grow, as evidenced by last year's bull market, there is still an abundant need to integrate real-world assets onto the blockchain.
Bitsliced's purpose is to fill this gap by bridging blockchain technology with the physical world. Through Bitsliced's app and set of smart contracts, Bitsliced will make it intuitive and easy to tokenize and fractionalize assets from different markets such as collectibles, real estate, traditional art, and several other use cases.
Bitsliced's flagship product, Sliced, is a SocialFi app and marketplace where users can mint and trade different NFTs (non-fungible tokens) and tokens that represent real-world assets.
Through the Sliced app, anyone can create a digital representation of an owned asset, be it an art piece, propriety, vehicle, piece of clothing, etc. In doing so, Bitsliced contributes to the creation of a parallel digital market that eases the trading of items across borders and unlocks additional value through novel revenue streams.
Leveraging blockchain technology, the Sliced app guarantees an extra layer of security and transparency through all trades. Further down the line, it will be possible to fractionalize and divide ownership of assets through different users (verifiable co-ownership).
The app will be available on all mobile devices, including the iOS and Android operating systems, and desktop users can also access it through the web browser version. Read More
Multichain adds Rootstock to its blockchain bridge ecosystem
The RSK sidechain is the first Bitcoin-based sidechain to be incorporated into Multichain.
Multichain, a cross-chain platform, has announced the integration of the Bitcoin-based (BTC) smart contract protocol Rootstock (RSK) blockchain into its ecosystem. This will allow users to exchange Ether (ETH), USD Coin (USDC), Binance USD (BUSD), and other assets between RSK, Ethereum, and BNB Chain.
According to Monday's announcement, the integration is a major milestone for Multichain because it opens up access to decentralized finance (DeFi) on Bitcoin. This addition will allow users to take advantage of RSK's security and functionality.
The integration will enable RSK to bring Bitcoin to Multichain's ecosystem while also providing access to new markets and use cases for its users. The RSK sidechain is the first Bitcoin-based sidechain to be incorporated into Multichain. It has a unique place in the world of Bitcoin enthusiasts as well as with Ethereum Virtual Machine (EVM)-powered DeFi.
The company said its integration with Rootstock is meant to provide fundamental benefits to builders utilizing RSK. They won't have to spend resources building bridges to capital and addressable markets, for example. They will also have a quicker time marketing new platforms based on RSK. Read More
Bank of Russia Ready to Legalize Crypto Mining If Miners Sell Minted Coins Abroad
The Central Bank of Russia would agree to the legalization of cryptocurrency mining, provided the proceeds from the activity are converted to fiat outside of Russia. The regulator’s latest position on the matter comes after it softened its stance on the possible use of cryptocurrencies for payments, even if only internationally.
The monetary authority in Moscow is now ready to back the legalization of crypto mining under the condition that Russian miners are obliged to sell the coins they obtain in the process outside the country. That’s according to a recent statement by Kirill Pronin, head of Bank of Russia’s Financial Technologies Department.
The central bank has been the hardline voice in the ongoing discussions on the future of cryptocurrencies in Russia, proposing a blanket ban on most related activities earlier this year, including mining. However, facing opposition from other government institutions and having to deal with financial restrictions imposed over the war in Ukraine, its position has started to change.
Governor Elvira Nabiullina indicated last month that crypto payments can be permitted if they don’t “penetrate” the Russian financial system. At the same time, she insisted that digital currencies like bitcoin should not be traded on Russian platforms because these assets are too volatile and risky for potential investors. Read More
Disclaimer: These articles are provided for informational purposes only. They are not offered or intended to be used as legal, tax, investment, financial, or any other advice.
