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“# Stablecoin adoption and the future of financial inclusion ” Institutional interest in crypto is growing, confirmed by a Goldman Sachs survey, which found that 40% of the company’s high-net-worth clients were already exposed to cryptocurrencies. Stablecoins — which offer a more secure and steady option in the crypto space — have experienced hyper-growth, reaching…
“# Australia and Singapore conclude digital verification blockchain pilot ” The Australian Border Force (ABF), Infocomm Media Development Authority of Singapore (IMDA) and Singapore Customs, along with other industry representations, have concluded a blockchain trial project analyzing the status of the countries’ digital verification systems in issuing and verifying trade documents. The collaborative venture was…
“# Nvidia fails to sell as many crypto-mining GPUs as expected in Q2 ” Nvidia beat the expectations by generating over $6.5 billion in revenue, but the chip manufacturer missed the target for its crypto-mining GPU line. The California-based tech giant announced its financial results for its second fiscal quarter ended Aug. 1, 2021. Key…
“# Avalanche Rush to give out more than 180M in DeFi incentives ” Smart contract platform Avalanche has announced a $180 million liquidity mining incentive program, named Avalanche Rush. The program aims to encourage more applications and tokens to move to Avalanche’s decentralized finance (DeFi) platform, according to the release. It’s set to follow a…
“# Facebook’s David Marcus calls for “fair shot” at crypto payments ” In a newly published Medium piece titled “Good stablecoins, a protocol for money, and digital wallets: the formula to fix our broken payment system”, Facebook’s crypto pioneer David Marcus shared his views on topics of economic inequality, regulatory challenges and Novi’s proposed stablecoin…
“#US agencies scrub websites to protect Afghans left behind” WASHINGTON — Multiple federal agencies that operated in Afghanistan and worked with Afghan citizens have been hastily purging their websites, removing articles and photos that could endanger the Afghan civilians who interacted with them and now fear retribution from the Taliban. The online scrubbing campaign appeared…
“#Boston Dynamics’ backflipping robot shows off new ‘parkour’ routine” Aug 17 – Boston Dynamics’ humanoid robot, Atlas, has been showing off its new skill, parkour or free running atop and over obstacles. A new video released on Tuesday shows Atlas leaping over obstacles, doing back-flips and even falling flat on its face during practice runs….
“# Staking will eat blockchain for breakfast — Here’s why ” In early July, JPMorgan released a report in which two of the bank’s analysts projected that the staking industry would be worth $40 billion in rewards by 2025. The report anticipates that once the Ethereum 2.0 network completes its transition from proof-of-work (PoW) to…
“# Vitalik thinks token-based decentralized governance is holding DeFi back ” Ethereum co-founder Vitalik Buterin has taken a deep dive into token-based decentralized governance, suggesting that existing voting mechanisms are flawed and may be holding the DeFi sector back from realizing its full potential. In a lengthy blog post published Aug. 16, Buterin stated the…
“# The Big Short’s Michael Burry takes aim at Cathie Wood’s ARK Innovation ETF ” Michael Burry, the investor made famous by The Big Short movie, has taken out a major short position against Cathie Woods’ ARK Innovation ETF According to second-quarter 13f filings, Burry’s hedge fund Scion Asset Management has purchased $31 million worth…