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Charles Hoskinson Brings Up The Problematic Use Of Language In The US Crypto Infrastructure Bill: "We Need To Work Together As An Industry"
Charles Hoskinson, founder of Cardano, recently shared his thoughts on the US Crypto Infrastructure bill via a Twitter video titled “Brief Regulatory Update”. Hoskinson brought up the problematic language included in the Crypto Infrastructure bill.
The Cardano founder discussed the language used in the Crypto Infrastructure Bill, stating that:
“we are in a slightly bad position today, because the Infrastructure Bill was passed. If it's left to its own devices, by 2023 when these mandates come into place...depending on how they are interpreted and what the IRS does with it, it can cause catastrophic damage”. Read More
Bitso and Circle work on crypto payments between Mexico and US
Bitso is also known as the core crypto service provider for El Salvador’s official Bitcoin wallet, launched in September.
Bitso, a major Latin American cryptocurrency exchange, is collaborating with the USD Coin (USDC) stablecoin operator Circle to launch a new cross-border payment tool between Mexico and the United States.
The company announced on Thursday that the integration with payment solutions from Circle aims to provide Mexicans with a new option for sending and receiving payments to or from the U.S.
Called Bitso Shift, the new tool uses cryptocurrency to enable low-cost and instant cross-border payments available 24/7, allowing users to instantly exchange between Mexican pesos and the United States dollar (USD)-backed stablecoins.
The new offering intends to unlock easier and more affordable access to the USD for individuals in Mexico while increasing the transparency of USD transactions in the country. Read More
Was the first reply to the Bitcoin white paper Satoshi themself? In-depth theory
Gerald Votta from Quantum Economics has a theory on the true identity of Bitcoin creator Satoshi Nakamoto: the author of the first reply to the white paper itself.
Ever since Satoshi Nakamoto, the pseudonymous inventor of Bitcoin (BTC), disappeared in 2011, there has been no shortage of theories about their identity.
Hal Finney, Dorian Satoshi Nakamoto, Nick Szabo, and Craig Wright have all been cited as possible contenders (even if Wright is the main person pushing that last theory.)
Now, after months of research, Quantum Economics’ director of GameFi research, Gerald Votta, thinks that he has found the answer to Satoshi’s true identity: Canadian cryptographer James A. Donald. In a new research article published on Wednesday, Votta outlines intriguing circumstantial evidence he believes proves the link. Read More
The Problem With Decentralized Exchanges—And How To Solve It
High fees and a confusing user experience are putting users off DEXs, but Aurox’s all-in-one crypto terminal aims to make trading crypto simple.
Despite the proven economic value of decentralized exchanges (DEXs)—Uniswap, for example, recently traded more than $440 million in just 24 hours—they come with some serious baggage that's hindering the growth of decentralized finance (DeFi).
The requirement to process orders through smart contracts causes latency, a lack of liquidity leads to price slippage, and high transaction costs are a barrier to wider adoption.
Some exchange operators have stepped in with solutions that aim to help lower the barrier to entry for people with fewer crypto assets. But democratizing access to the crypto economy has created another intractable challenge tied to decentralized exchanges, and that’s cross-chain bridging. Read More
Wallet in final draft mode
Staking the Markethive Way
Staying One Step Ahead
Markethive started out as a sophisticated inbound marketing platform with a social media interface harvesting a robust collaborative culture. The entrepreneurs of the Markethive community have been using the free system and tools, promoting their businesses, and branding themselves across the internet with much success.
With the advent of Blockchain technologies, Markethive set its path on an unprecedented journey of combining marketing, social media, digital broadcasting, e-commerce, gamification, etc., with cryptocurrency and decentralized Blockchain, distributed ledger technology. An ongoing project of massive proportion to deliver sovereignty, financial and self, and freedom of self-expression for all equitably, without bias.
Markethive is a Vision from the Divine Source. Its mission is to fill the vacuum for the world's entrepreneurs - To empower and enrich the lives of every individual on every level across the globe. And the timing couldn’t be more perfect as we witness the soul-less destruction, tyranny, and surveillance of humanity gift wrapped and delivered to us as protection and for our own good.
We are building an ecosystem, and there’s an absolute need and use for our coin (HVC) for everything we do; therefore, the potential for the open market to accept and embrace HiveCoin is very promising. Read More
The Next Wave of NFTs is Starting With Community First
A new wave of NFT projects like Doge Fight Club are making community, education, and transparency their founding principles.
From the art world to gaming to sports, the hype around non-fungible tokens (NFTs) has exploded in 2021. But as the technology matures, NFT developers are exploring their potential to build communities through trustworthiness, longer-term benefits, and opportunities for education and collaboration.
First came the boom, as multimillion-dollar artwork sales grabbed headlines around the world, and holders of early NFTs became overnight millionaires. Predictably, they were soon followed by a wave of cash-ins and copycats, as a culture of buying and “flipping” NFTs emerged.
But it’s the community utility of NFTs that may well have been their saving grace; after weekly trading volumes on major NFT marketplaces plunged this spring, they rebounded with gusto from July and August. The resurgence was—in part—attributed to NFT creators successfully building communities around their projects. Read More
Maple Finance, Alameda Research Launch DeFi’s First Syndicated Loan
DeFi project Maple Finance and trading firm Alameda Research have launched an on-chain lending pool for CoinShares, Abra, and Ascendex.
Today, Maple Finance and Alameda Research launch the first on-chain syndicated loan vehicle in the decentralized finance (DeFi) space.
Built by blockchain capital marketplace Maple Finance, the new lending vehicle will be used by quantitative crypto trading firm Alameda Research, (founded in 2017 by FTX’s Sam Bankman-Fried), to lend crypto from a single-borrower lending pool to accredited non-U.S. institutions around the world.
For readers unfamiliar with the concept of a syndicated loan, it’s a loan that is traditionally provided by a group of lenders and coordinated through a bank. But, as readers are well aware, crypto is a decentralized space, so there isn’t a “middleman.” Read More
Michael Jackson, Concordium: Bringing blockchain to traditional finance
“We’re trying to shoehorn permissionless technology into extremely permissioned environments,” reveals Michael Jackson, advisor to Concordium and former COO of Skype.
Jackson’s take is a breath of fresh air in a blockchain industry that has become bogged down in use cases that are struggling to find their feet. For years, the ideas of supply chain ledger technologies and pharmaceutical blockchains have sat stagnant in the water waiting to be realized.
As the shift towards decentralized finance (DeFi) and NFTs are starting to show, that realization may not be coming. Jackson and Concordium see this as a chance to re-envision how we interpret the use cases for blockchain and, crucially, make it work with the permissioned environments of finance, banking, and supply chains. Read More
Taproot soft fork upgrade goes live for Bitcoin network
The Taproot soft fork upgrade was activated for the Bitcoin network on November 14, marking the first major upgrade to the world’s largest cryptocurrency since August 2017.
Taproot is designed to improve privacy, scalability, and security on the network through a variety of technical innovations.
A key feature of the upgrade is the introduction of the Merkelised Abstract Syntax Tree (MAST). According to one of Taproot’s main developers, Hampus Sjöberg, MAST makes smart contracts “more efficient and private by only revealing the relevant parts of a contract when spending”.
For example, this will allow Lightning Network transactions to no longer stand out as unique from normal transactions on the blockchain, improving individual transaction privacy. 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.
