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“# Commodity trading gets sweeter with blockchain-based sugar exchange ” The world’s largest sugar refinery, Al Khaleej Sugar, officially announced the application of blockchain technology in its recently launched sugar trading platform, DigitalSugar.io. Users of the UAE-based platform will trade the spot price of sugar via tokens tied to “up to 100,000 tonnes of raw sugar,”…
“# Morpher Labs attempts to crack knotty prediction market problems ” On August 31, 2020, Morpher Labs announced the launch of its flagship Ethereum-based contract trading and prediction market platform, Morpher, with the stated goal of providing users unlimited access to long-and-short trades of real-world stocks, commodities, and FOREX markets. The technical obstructions of such…
“# Corporate disclosure is the only way to get crypto institutionalized ” Some people predicted that crypto assets were going to be a fad that would quickly come and go. But in just a short time, we’ve seen crypto assets become the focus of new innovation. Cryptocurrencies have offered value exchange, the ability to generate…
“# Gold smuggler’s gait gives him away as Paypal launches price action moon mission: Bad crypto news of the week ” It’s been quite a week for Bitcoin, a week we’ve been waiting for. The coin is up nearly 13 percent and burst through the $13,000 barrier. Some of that support came from Paypal’s decision…
“# Ethereum researcher Virgil Griffith files motion to dismiss North Korea conspiracy charge ” Virgil Griffith, the former Ethereum Foundation researcher accused of conspiring to violate U.S. sanctions against the Democratic People’s Republic of Korea, filed a motion on Thursday to dismiss the charge against him on the grounds that prosecutors from the Southern District…
“# Cybercrime task force monitoring the global digital financial system ” The United States faces a growing threat of transnational cybercrime, particularly against its financial system. In what may be the largest prosecution of its kind in U.S. history, the U.S. Department of Justice has charged Texas tech billionaire Bob Brockman in a 39-count indictment…
“# The unluckiest DeFi protocol? A personal take on bZX’s tumultuous year ” Decentralized finance platform bZX has frequently been in the spotlight this year, only not for the right reasons. Most DeFi platforms popular today, including bZX, began their journey around 2018, at the tail-end of the initial coin offering boom. In 2019, DeFi…
“# Blockchain is still far from maturity, says China’s former IT minister ” Wu Zhongze, China’s former vice-minister for Science and Technology and a well-known digital economics expert, believes that blockchain technology is still quite young. During an interview with The Paper, the former IT minister also stated that there was still “not much difference…
“# Binance VC arm leads $1.3M raise for decentralized streaming protocol ” Binance, the world’s largest cryptocurrency exchange, is funding a major decentralized audio streaming service through its investment and incubation arm. According to an Oct. 23 announcement, Binance Labs led a $1.25 million extension round for Audius, a blockchain-enabled streaming service that connects music…
“# Quantstamp will audit the entire blockchain of a new DeFi project on Polkadot ” One of the first audits of a decentralized finance project connected with the Polkadot (DOT) blockchain is set to be carried out by blockchain security firm Quantstamp. The project, Equilibrium, had first announced its plans to develop an interoperable protocol on Polkadot…