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“# Solana targets growth in Southeast Asia with a $5M grants scheme ” Solana has turned its focus towards decentralized finance in Southeast Asia with a new $5 million development fund. The Solana Foundation created the fund in partnership with Vietnam-based investment firm Coin98 Ventures, enabling regional startups building on Solana to receive technical, marketing,…
“# Pragmatism: The true key to unlocking crypto mass adoption ” When Bitcoin (BTC) launched in 2009, it was motivated by the distrust of financial institutions and their fees and the inflationary practices by central banks during the Great Recession. Bitcoin was supposed to usher in an era of decentralization, financial inclusion and democratization. Yet…
“# A ‘token’ gift: The US SEC giveth and taketh away ” On Dec. 23, 2020, the SEC published a statement proposing a framework for broker-dealers to custody digital asset securities in a manner consistent with Rule 15c3-3 under the Securities Exchange Act of 1934. Among other things, the statement, which will expire after a…
“# Injecting Apple-like ‘quality-control’ into DeFi is what we need ” If you’re an Apple App Store user, then you’re probably aware of the recent legal drama surrounding the updates to the App Store guidelines. It’s a reasonably open secret that the App Store is designed to be at its core, more difficult for app…
“# Overstock spins its blockchain subsidiary into crypto investment fund ” Online technology retailer Overstock is converting its blockchain investment wing into a cryptocurrency-focused investment fund, as it seeks to maximize profits amid the crypto boom. Overstock.com announced on Jan. 25 that its wholly owned blockchain-focused subsidiary, Medici Ventures, will become a limited partnership fund, pending…
“# Enjin enters the fashion world with augmented reality NFTs ” Enjin and MetaverseMe are partnering to bring virtual fashion items to the Ethereum blockchain, creating a line of tradable non-fungible tokens representing clothing for Metaverse avatars. Enjin will be providing the infrastructure framework to host the NFTs, which can then be visualized in MetaverseMe,…
“# New Hawaii bill seeks to create state-led blockchain working group ” A new partisan bill introduced by Democrats in Hawaii’s House of Representatives on Monday, Jan. 26, is advocating a targeted strategy for studying and supporting the use of blockchain technology by individuals, firms and state agencies. Hawaii House Bill 622 (HB622) calls for…
“# All risk, no gain? The vague definition of stablecoins is causing problems ” Sometimes, “stablecoins” and variants such as “algorithmic stablecoins” function like historical names, as they refer to projects that call themselves stablecoins, such as Basis Cash, Elastic Set Dollar, Frax and their clones. The word “stablecoin” can be used as a logical…
“# It’s time to put the dukes down and work together for blockchain’s future ” Humans over the centuries found themselves quarreling with each other over everything from food to land to ideology, only to later find themselves at peace and cooperating. Later, once more, they’d return to draw arms. Great schisms between Catholicism and…
“# Blockchain-aided voting trials to begin in India ” Trials of blockchain-aided voting in India which would enable voters to post ballots from outside their home provinces are to begin soon. Chief Election Commissioner Sunil Arora said that research using the cutting edge technology had already started and that mock trials were to be launched…