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Slow to start: Crypto regulators lagging behind blockchain industry
Did a visit from the SEC’s Gensler with EU legislators signal a policy shift? Is U.S.–European collaboration on crypto regulation coming soon?
As if he didn’t have enough to do, Gary Gensler appeared before the European Parliament on Sept. 1 to share his policy recommendations regarding the regulation of crypto-assets and other matters. While the United States Securities and Exchange Commission Chair made clear that he was presenting his own views — not those of the Commission — his (virtual) appearance necessarily raised questions.
Does Gensler, regarded by some as America’s most crypto-savvy regulator, believe that cryptocurrency and blockchain policy has to be harmonized globally? If so, can he make common cause with the Europeans — or do the U.S. and the European Union have different priorities? More generally, are globally harmonized regulations even feasible, particularly in areas such as decentralized finance? Read More
More than a law: Texas takes steps to amend Bitcoin into state constitution
Texas aims to catch up with other crypto-friendly states and then some, but commentators say that amending a state constitution won’t happen immediately.
Everything is bigger in Texas, which is why it shouldn’t come as a surprise that the Lone Star state is making moves to become America’s next Bitcoin (BTC) hotspot.
Most recently, Texas implemented two laws to ensure that cryptocurrencies are recognized under state commercial law. Texas House Bills 4474 and 1576 both took effect on Sept. 1, after being signed into law by Governor Greg Abbott this past June. While H.B. 1576 established a blockchain working group in Texas, H.B. 4474 provides a complete framework to demonstrate that virtual currency has a place under Texas law. Read More
Why is trustless computing so important for the development of technology?
Trustless technology aims to reduce cost and error, make business more efficient with lower costs while protecting your sensitive data.
PlatON Network is an internet infrastructure protocol focused on preserving privacy. The network uses cryptographic algorithms, which include Secure Multi-Party Computation (MPC), Zero-Knowledge Proof (ZKP), Verifiable Computation (VC), Secret Sharing (SS), and homomorphic Encryption (HE).
The decentralized platform uses the technology to ensure the free circulation of data assets around the world.
James QU, chief technology officer at PlatON Network, talks about the issues the platform is tackling, its current focus and future plans, and the company’s vision in a conversation with Cointelegraph. Read More
Blockchain-based platform for fractional property ownership launches in India
RealX blockchain-based platform allows Indian investors to buy and sell “direct deeded co-ownership” of holiday properties.
A fintech firm from Pune, India has launched a blockchain-based registry system named RealX that allows Indian citizens to purchase fractional ownership in properties.
A report from The Economic Times states that RealX has partnered with Tripvillas, a holiday home rental service, to blend ownership of holiday properties in accordance with usage and yield. Tripvillas will also be responsible for managing the basket of holiday properties intended for co-investment. Read More
...And They Said It Couldn’t Be Done
MHV poised to triumph in the crypto economy.
Cryptocurrencies have many use cases. Some act as a store of value, others power blockchain to make it possible to create trustless digital contracts and permissionless decentralized applications. Some cryptocurrencies are pegged to fiat currency allowing for stable transfers of value, and some underpin protocols that offer decentralized data storage and video streaming.
Each of these use cases requires a particular set of blockchain attributes and economic incentives. Many say that there is no single cryptocurrency project that can do it all; however, there is one that comes very close in a field that has been, for the most part, put in the too-hard basket by the majority.
Markethive is a monolithic blockchain project currently operating as a social network, an entire inbound marketing platform with email, blogging, and digital media capabilities that broadcast to the vast internet. It’s a complete Market Network and the first of its kind. Read More
Nasdaq to provide price feeds for tokenized stock trades on DeFiChain
Nasdaq, alongside Finnhub and Tiingo, will be providing its price feeds to DeFiChain, a DeFi platform built on the Bitcoin network.
Tokenized stocks have had a shaky few months from a regulatory perspective, but that seemingly hasn't stopped legacy financial giants and decentralized finance (DeFi) advocates from inking new deals.
Bloomberg reported today that Nasdaq, Finnhub, and Tiingo will be providing their price feeds to DeFiChain, a DeFi platform built on the Bitcoin network. Read More
New DEX tackles significant issues seen on centralized exchanges
Centralized exchanges continue to be beset by liquidity problems, but this new decentralized alternative is determined to iron these out.
A new, fully decentralized cryptocurrency exchange is designed to solve several significant issues seen with legacy platforms — delivering an innovative trading model that is neither operated nor controlled by centralized intermediaries.
XSWAP has been built on top of ABEYCHAIN, and according to the ABEY Foundation, this is set to be the first of many DeFi-focused decentralized applications that will play a starring role in its ecosystem.
The blockchain is positioning itself as a compelling rival to the Ethereum network, which has been beset by high transaction fees and disappointingly low speeds. Read More
Stablecoins: What Are They Good For?
It seems like everyone in crypto is rushing to launch their own stablecoin. To what end?
Stablecoins are at the heart of some of the biggest controversies in the crypto industry today—and yet more of them keep coming. On an almost weekly basis, companies and protocols keep announcing new stablecoin moves. So, what’s behind the boom?
A stablecoin is a type of cryptocurrency intended to have a stable (or relatively stable) price, typically pegged to the value of a government-issued currency like the U.S. dollar. The appeal is clear: enter the cryptocurrency market while avoiding the volatility of Bitcoin. Stablecoins are typically viewed as a bridge to trade into and out of other cryptocurrencies. Read More
NFTs And How They Disrupt Community Interaction
Chris Alpha Cantino (@chriscantino) today took to Twitter to talk about NFTs, and how they hold the potential to completely change the way brands and creators interact with the community. Cantino stated that brands and creators, while constantly exploring new ways to interact with their consumers and the community, brands and creators largely utilize rewards and loyalty programs. 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 other advice.
