FEED Validator

for Atom and RSS and KML

Congratulations!

This is a valid RSS feed.

Recommendations

This feed is valid, but interoperability with the widest range of feed readers could be improved by implementing the following recommendations.

line 40, column 0: content:encoded should not contain decoding attribute (26 occurrences) [help]
```
										<content:encoded><![CDATA[<img decoding="async" src="https://ww ...
```
line 100, column 0: content:encoded should not contain data-v-28d77a7a attribute (4 occurrences) [help]
```
<div data-v-28d77a7a="">
```

line 125, column 0: Non-html tag: template (4 occurrences) [help]

<p><template data-name="subscription_form" data-type="law_decoded"/></div>

line 126, column 0: content:encoded should not contain script tag (6 occurrences) [help]
```
<script async src="//platform.twitter.com/widgets.js" charset="utf-8"></s ...
```
line 155, column 0: content:encoded should not contain aria-describedby attribute (16 occurrences) [help]
```
<figure id="attachment_12663" aria-describedby="caption-attachment-12663" st ...
```
line 155, column 0: content:encoded should not contain loading attribute (40 occurrences) [help]
```
<figure id="attachment_12663" aria-describedby="caption-attachment-12663" st ...
```
line 177, column 0: content:encoded should not contain data-width attribute (7 occurrences) [help]
```
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">
```
line 177, column 0: content:encoded should not contain data-dnt attribute (7 occurrences) [help]
```
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">
```
line 179, column 0: content:encoded should not contain data-wpel-link attribute (25 occurrences) [help]
```
What an honor to be joined by visionaries like <a href="https://twitter.c ...
```
line 396, column 0: content:encoded should not contain data-secret attribute (2 occurrences) [help]
```
<blockquote class="wp-embedded-content" data-secret="S5LpoAWIvF">
```
line 399, column 0: content:encoded should not contain iframe tag (2 occurrences) [help]
```
<iframe class="wp-embedded-content" sandbox="allow-scripts" security="res ...
```
line 609, column 0: style attribute contains potentially dangerous content: max-height (3 occurrences) [help]
```
— Rob XRP <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/2600.p ...
```

Source: https://www.coinnewsdaily.com/feed/

<?xml version="1.0" encoding="UTF-8"?><rss version="2.0"
xmlns:content="http://purl.org/rss/1.0/modules/content/"
xmlns:wfw="http://wellformedweb.org/CommentAPI/"
xmlns:dc="http://purl.org/dc/elements/1.1/"
xmlns:atom="http://www.w3.org/2005/Atom"
xmlns:sy="http://purl.org/rss/1.0/modules/syndication/"
xmlns:slash="http://purl.org/rss/1.0/modules/slash/"
>
<channel>
<title>CoinNewsDaily</title>
<atom:link href="https://www.coinnewsdaily.com/feed/" rel="self" type="application/rss+xml" />
<link>https://www.coinnewsdaily.com</link>
<description>All about Crypto Coin News</description>
<lastBuildDate>Fri, 31 Mar 2023 09:30:00 +0000</lastBuildDate>
<language>de-DE</language>
<sy:updatePeriod>
hourly </sy:updatePeriod>
<sy:updateFrequency>
1 </sy:updateFrequency>
<image>
<url>https://www.coinnewsdaily.com/wp-content/uploads/2018/09/cropped-coinnewsdaily_favicon-75x75.png</url>
<title>CoinNewsDaily</title>
<link>https://www.coinnewsdaily.com</link>
<width>32</width>
<height>32</height>
</image>
<item>
<title>6 Questions for Rene Reinsberg of Celo – Cointelegraph Magazine</title>
<link>https://www.coinnewsdaily.com/6-questions-for-rene-reinsberg-of-celo-cointelegraph-magazine/</link>
<dc:creator><![CDATA[coinnewsdaily]]></dc:creator>
<pubDate>Fri, 31 Mar 2023 09:30:00 +0000</pubDate>
<category><![CDATA[NFT]]></category>
<guid isPermaLink="false">https://www.coinnewsdaily.com/?p=144416</guid>
<description><![CDATA[We ask the buidlers in the blockchain and cryptocurrency sector for their thoughts on the industry… and throw in a few random zingers to keep them on their toes! This week, our 6 Questions go to Rene Reinsberg, a co-founder of Celo, an open platform that makes financial tools accessible to anyone with a […]]]></description>
<content:encoded><![CDATA[<img decoding="async" src="https://www.coinnewsdaily.com/wp-content/uploads/2022/07/6-Questions-for-Rene-Reinsberg-of-Celo-–-Cointelegraph-Magazine.jpg" />
<div>
We ask the buidlers in the blockchain and cryptocurrency sector for their thoughts on the industry… and throw in a few random zingers to keep them on their toes!
<hr/>
 
This week, our 6 Questions go to Rene Reinsberg, a co-founder of Celo, an open platform that makes financial tools accessible to anyone with a mobile phone.
 
Rene Reinsberg is a co-founder of Celo and president of The Celo Foundation, a grant-giving organization supporting the carbon-negative Celo blockchain. He has been working at the intersection of finance, technology and development for the past 15 years, including at Morgan Stanley, McKinsey, General Catalyst Partners, the World Bank and TechnoServe. His previous company, Locu, was acquired by GoDaddy where he served as vice president of Emerging Products post-acquisition.
<hr/>
<h4>1 — What is the main hurdle to mass adoption of blockchain technology?</h4>
For blockchain to achieve mainstream adoption, there must be a broader understanding of the technology, which requires better awareness and education for everyone from crypto novices to crypto natives and beyond. This responsibility falls largely on crypto to do the work when thinking about last-mile solutions and go-to market approaches. 
We can build a protocol, but we’re also responsible for explaining our infrastructure and championing inclusivity. By presenting onboarding as a solution, dedicating resources to developing a simple or fun gamified user experience, and building quality ramps between crypto and fiat currencies, we make the industry more approachable and easier to navigate. Accessibility, which has always informed Celo’s mobile-first approach, is also key. With 6 billion smartphone users globally, easily accessible, decentralized financial building blocks are necessary for building long-term, real-world adoption.
Lastly, we should shift mainstream conversations around Web3 toward real-world applications and use cases that serve everyday people around the world. As Web3 can be used as a transformative tool to help uplift historically disenfranchised communities, such as the un- and under-banked, sharing how blockchain has benefited farmers in Kenya to at-risk environments like the Amazon rainforest will further illustrate its impact.
 
<h4>2 — What do you think will be the biggest trend in blockchain for the next 12 months?</h4>
As early DeFi protocols mature, we are seeing a big push toward ReFi (regenerative finance) models, which align with the Celo Foundation’s values of recognizing individuals as unique and connected. Whereas classical economic models defined success by unfettered, exponential growth, they didn’t consider the extractive nature of the industry, viewing our environment as an empty world with unlimited resources. 
ReFi, however, acknowledges that we live in a “full world,” to quote economist Herman Daly, with planetary boundaries, carrying capacities and tipping points. ReFi aims to course-correct this exploitation, better intertwining our economic and ecological systems. By using money as a tool to ascribe value to natural capital-backed assets, ReFi places a price on externalities, charging those who create negative externalities and rewarding those who create positive externalities.
Projects such as ReSource, a bankless infrastructure for circular trade and mutual credit networks that benefit small businesses, and Flow Carbon or Toucan Protocol, which are tokenizing carbon offsets, are indicative of these efforts, among other ReFi leaders within the Celo ecosystem.
 
<h4>3 — What’s a problem you think blockchain has a chance to solve, but a solution hasn’t been attempted yet? </h4>
Blockchain has the potential to help solve the world’s wicked problems, from environmental degradation to deep poverty. Combining blockchain technology with Web3’s ability to accelerate action is what inspired the creation of both Celo’s Climate Collective and the Alliance for Prosperity, designed to raise awareness for issues impacting individuals and communities throughout the world. We invite founders and builders to align with our shared purpose, leveraging Web3’s mass-coordination tools to tackle these mass-coordination problems.
 
<h4>4 — What would you like to see tokenized? When, if ever would you expect this to happen?</h4>
Bringing land and property on-chain would open up many interesting opportunities in creating use cases for DeFi beyond payments. Moss is a great example of restorative land-tokenization NFTs of the Amazon rainforest happening now, where one NFT represents one hectare of forest. Not only are owners bestowed with real estate rights, they are compelled to participate in the conservation process by digitally monitoring their biodiverse land via satellite.
 
<h4>5 — What has been the toughest challenge you’ve faced in our industry so far?</h4>
While market downturns, like the one we’re currently experiencing, come with significant challenges, they also present significant opportunities. Celo was built during a bear market, launching its mainnet on Earth Day 2020. Despite this, our community has continuously demonstrated its resilience and commitment to innovation. Navigating today’s market conditions is no exception for Celo’s ecosystem partners. There’s a palpable, new energy and optimism that has surfaced around Buidling our way out and returning back to the core mission: creating prosperity for all.
 
<h4>6 — What is the single most innovative use-case for blockchain you’ve ever seen? It doesn’t have to be the one likeliest to succeed!</h4>
Jonathan Ledgard’s “Interspecies Money” proposes the establishment of the “Bank of Other Species” to issue a CBDC that disburses billions of dollars annually to “nonhuman life-forms (or their digital twins)” and correctly pricing natural capital, called L-Marks. This would help finance ecological conservation by paying local communities for services that improve species’ life outcomes. Since many of the poorest countries have the richest biodiversity, financial incentives for these countries to benefit their surrounding ecosystems can reduce extreme poverty while protecting the environment and its inhabitants. Ledgard’s proposal aligns with the primary principles of ReFi, highlighting the potential to solve the world’s cascading crises.
</div>
<a href="https://cointelegraph.com/magazine/2022/07/10/6-questions-for-rene-reinsberg-of-celo">Source link </a> In the fast-paced world of blockchain and crypto-currencies, few names are as well-known as Rene Reinsberg, the founder and CEO of Celo. With its cutting-edge technology and passion for financial inclusion, Celo has been making waves in the industry and is set to revolutionize digital payments across the globe. In this Cointelegraph Magazine exclusive, we asked Reinsberg six questions to gain valuable insights into Celo’s journey and its exciting future.
Q1: How did you become interested in the world of blockchain and crypto-currencies?
A1: I first became interested in this space when I was working in Venezuela over ten years ago. I saw how cryptocurrency could provide unbanked and underbanked individuals with a real financial mechanism and the infrastructure to take part in global markets without relying on traditional banking institutions. This sparked a fire in me to get involved and help make financial services available to those who need it most.
Q2: What led you to found Celo?
A2: After seeing the enormous potential cryptocurrencies had to benefit unbanked users, I wanted to build a platform with a mission to bring low-cost and secure financial services to individuals around the world. Celo was created as a community-driven platform that focuses on financial inclusion, and it has since seen tremendous success.
Q3: What sets Celo apart from other blockchain and crypto-currency projects?
A3: We believe that Celo is the only project that is truly focused on providing financial services to unbanked individuals in emerging markets. Our main focus is on creating a digital payments infrastructure that is fast, secure, and resilient, allowing users to send and receive payments quickly and safely.
Q4: What do you think are some of the biggest challenges facing Celo?
A4: One of the biggest challenges faced by the whole crypto-currency industry is the lack of real solid user adoption. We are dedicated to changing that by providing an accessible and easy-to-use platform for users all over the globe. We are also focused on educating people about the benefits of crypto-currencies and working with governments and regulators to ensure that we stay compliant.
Q5: What have been some of your proudest achievements with Celo?
A5: We have achieved a lot since launching in 2020. We have already onboarded over six million users in just one year, and launched our Global Wallet, which is one of the first applications of its kind to allow users to send and receive payments securely and quickly. We are also in the process of launching our Debit Card and Payment Gateway products, which will make it even easier for users to make and receive payments.
Q6: What does the future hold for Celo?
A6: We are focused on continuing to deliver innovative, secure, and low-cost financial services to unbanked individuals around the world. We will continue to explore new applications of our technology and look for ways to bring greater financial inclusion to those who need it. We’re excited to be part of the global digital payments revolution, and we’re looking forward to a very bright future.
]]></content:encoded>
</item>
<item>
<title>Judge denies SEC motion to keep Hinman docs secret in Ripple case</title>
<link>https://www.coinnewsdaily.com/judge-denies-sec-motion-to-keep-hinman-docs-secret-in-ripple-case/</link>
<dc:creator><![CDATA[coinnewsdaily]]></dc:creator>
<pubDate>Fri, 31 Mar 2023 09:29:34 +0000</pubDate>
<category><![CDATA[NFT]]></category>
<guid isPermaLink="false">https://www.coinnewsdaily.com/?p=145603</guid>
<description><![CDATA[The Securities and Exchange Commission (SEC) has suffered a blow in its case against Ripple, after a U.S. judge has denied its claims for attorney-client privilege regarding internal documents related to the “Hinman speech”. In denying the motion on July 12, U.S. Magistrate Judge Sarah Netburn called out the SEC’s hypocrisy in arguing that the […]]]></description>
<content:encoded><![CDATA[<img decoding="async" src="https://www.coinnewsdaily.com/wp-content/uploads/2022/07/Judge-denies-SEC-motion-to-keep-Hinman-docs-secret-in.jpg" />
<div data-v-28d77a7a="">
The Securities and Exchange Commission (SEC) has suffered a blow in its case against Ripple, after a U.S. judge has denied its claims for attorney-client privilege regarding internal documents related to the “Hinman speech”.
In denying the motion on July 12, U.S. Magistrate Judge Sarah Netburn called out the SEC’s hypocrisy in arguing that the speech — in which a former official Bill Hinman suggested ETH was not a security — was a personal matter for Hinman while also claiming it should be protected because he received legal advice from the SEC to confirm the commission’s policies. 
<blockquote>“The hypocrisy in arguing to the Court, on the one hand, that the Speech is not relevant to the market’s understanding of how or whether the SEC will regulate cryptocurrency, and on the other hand, that Hinman sought and obtained legal advice from SEC counsel in drafting his Speech, suggests that the SEC is adopting its litigation positions to further its desired goal, and not out of a faithful allegiance to the law.”</blockquote>
The draft of the Hinman speech, which the SEC has fought to keep under wraps, has been seen by many in the XRP community as a pivotal piece of evidence that could work in favor of Ripple Labs. 
The SEC sued blockchain firm Ripple in late 2020 on allegations that senior executives Brad Garlinghouse and Christian Larsen sold Ripple’s XRP tokens as unregistered securities. 
However, Ripple has argued that the speech made by former director of the Division of Corporation Finance Bill Hinman in 2018 stated that Ether (ETH) did not constitute “securities transactions” — contradicted to the SEC’s stance on the matter. 
<blockquote class="twitter-tweet">
This was not even a nuanced opinion. Judge Netburn tore apart every SEC argument for attorney-client privilege of the Hinman emails.
That starts the 14 day clock for an appeal to Judge Torres. And if her recent Orders are any precedent, things will move relatively fast. https://t.co/7k6KJx4Lea
— Jeremy Hogan (@attorneyjeremy1) <a href="https://twitter.com/attorneyjeremy1/status/1546994855066456065?ref_src=twsrc%5Etfw">July 12, 2022</a></blockquote>
Barring any further appeals or delays, the ruling states that: “The documents must be produced.”
Related: Class action lawsuit claims Solana’s SOL is an unregistered security
Delphi Digital’s general counsel Gabriel Shapiro called it a “big tactical win for Ripple” in a July 12 tweet.
<blockquote class="twitter-tweet">
wow. big tactical win for Ripple. https://t.co/oS4HRO1u2x
— _gabrielShapir0 (@lex_node) <a href="https://twitter.com/lex_node/status/1547027278927990785?ref_src=twsrc%5Etfw">July 13, 2022</a></blockquote>
Some believe that an appeal by the SEC is likely. Founder of crypto legal news outlet Crypto-Law John E Deaton told his 205,000 followers on July 12 that the appeal, along with Ripple’s objection, would come within 30 days. He also believes the appeals judge will side with Judge Netburn’s recent ruling. 
<blockquote class="twitter-tweet">
If there are no extensions granted, Judge Torres will have the SEC’s appeal and Ripple’s objection to the appeal in 30 Days. After Judge Torres upholds Judge Netburn’s decision, the SEC can ask Judge Torres to certify an appeal to the 2nd Circuit. She is likely to deny doing so. https://t.co/HtMjbjk2OK
— John E Deaton (205K Followers Beware Imposters) (@JohnEDeaton1) <a href="https://twitter.com/JohnEDeaton1/status/1547032218530447360?ref_src=twsrc%5Etfw">July 13, 2022</a></blockquote>
The SEC continues to insist that Hinman’s speech was a “purely personal errand” that was not meant to offer legal advice. 
Judge Netburn acknowledged that this could potentially protect the drafts if Hinman were a private citizen. However, Judge Netburn wrote that the commission also argued Hinman would not have had access to the information and resources if he were not already working at the SEC. 
<blockquote>“It was only in the context of his employment that he was able to solicit the edits and feedback he did.”</blockquote>
If the contents of the speech documents are compelling enough, it could be a tipping point for Ripple in the case, which has been seen as potentially setting a precedent for other similar crypto token issuers.
<template data-name="subscription_form" data-type="law_decoded"/></div>
<script async src="//platform.twitter.com/widgets.js" charset="utf-8"></script> 
<a href="https://cointelegraph.com/news/hypocrisy-judge-denies-sec-motion-to-keep-hinman-docs-secret-in-ripple-case">Source link </a> On Wednesday, July 29th, Judge Sarah Netburn of the Southern District of New York rejected the United States Securities and Exchange Commission’s (SEC) motion to keep various documents from the ongoing lawsuit against Ripple Labs, Inc. and two of its executives. The motion was an effort to keep from public disclosure a series of documents containing various communications between former SEC official William Hinman and Ripple executives.
As part of its lawsuit, the SEC is alleging that Ripple, a blockchain technology company, and its executives violated securities regulations when issuing 1.3 billion of its XRP token. The SEC alleges that the XRP token is an unregistered security and Ripple’s sale of it is a violation of securities laws. Ripple and its executives have denied the accusations and countered that XRP is not a security.
The SEC filed a motion opposing Ripple’s request to have the documents unsealed, arguing that they contain confidential conversations between officials in the enforcement division and are not relevant to the current SEC case. Judge Netburn disagreed and denied the SEC’s motion.
In a 20-page ruling, Judge Netburn stated that the documents contained communications related to the public interests of investors and participants in the virtual asset markets and that they are, „not the type of attorney-client communications that are afforded greater protection from disclosure.“
The ruling could potentially be valuable to both Ripple and its defendants as it could provide evidence as to why the SEC decided to charge Ripple with violations of securities law.
Ripple CEO Brad Garlinghouse said of the ruling, „Judge Netburn’s decision today affirms that the SEC must play by the same rules as everyone else. They cannot hide relevant documents from the court.“
The ruling provides a potentially valuable resource to both Ripple and its defendants during the litigation process. It also demonstrates the importance of transparency when it comes to matters of public interest.
]]></content:encoded>
</item>
<item>
<title>The ultimate guide to Miami – Cointelegraph Magazine</title>
<link>https://www.coinnewsdaily.com/the-ultimate-guide-to-miami-cointelegraph-magazine/</link>
<dc:creator><![CDATA[coinnewsdaily]]></dc:creator>
<pubDate>Fri, 31 Mar 2023 09:29:11 +0000</pubDate>
<category><![CDATA[NFT]]></category>
<guid isPermaLink="false">https://www.coinnewsdaily.com/?p=145788</guid>
<description><![CDATA[Miami is fast becoming one of the major hubs in the crypto world with more and more blockchain companies moving to the city each year. Miami famously plays host to the Bitcoin Conference each year, and digital assets have been embraced by the mayor and the wider population. Here’s your ultimate guide to the crypto […]]]></description>
<content:encoded><![CDATA[
<div>
Miami is fast becoming one of the major hubs in the crypto world with more and more blockchain companies moving to the city each year.
Miami famously plays host to the Bitcoin Conference each year, and digital assets have been embraced by the mayor and the wider population. Here’s your ultimate guide to the crypto city of Miami.
 
 
<figure id="attachment_12663" aria-describedby="caption-attachment-12663" style="width: 595px" class="wp-caption aligncenter"><img loading="lazy" decoding="async" loading="lazy" class=" wp-image-12663" src="https://www.coinnewsdaily.com/wp-content/uploads/2022/07/The-ultimate-guide-to-Miami-–-Cointelegraph-Magazine.jpg" alt="Crypto City Miami" width="595" height="335" /><figcaption id="caption-attachment-12663" class="wp-caption-text">This is your ultimate guide to crypto in Miami.</figcaption></figure>
 
 
<h3 style="text-align: center;">Fast facts</h3>
City: Miami Country: United States Population: 6.17 million (Metropolitan Area) Established: 1896 Languages: English (official), Spanish (~60% of residents), Haitian Creole (widespread) 
 
“Party in the city where the heat is on,
all night, on the beach till the break of dawn.
Welcome to Miami,
bienvenido a Miami!” — Will Smith
 
<h4 style="text-align: left;">Understand</h4>
Just over a century ago, Julia Tuttle, an American businesswoman and wealthy widow from Ohio, purchased a 640-acre estate located on the Miami River that would set the foundation for the modern-day city. In 1894–1895, Florida was hit by a blizzard that devastated the crops and vegetation within the state, but miraculously, Tuttle’s estate was left unscathed from the freeze. Immediately recognizing the area’s economic value, Tuttle asked American industrialist Henry Flagler to construct a railway that would pass through what was then the Village of Miami. Flagler agreed. Within one year, economic development, primarily in real-estate interest, encouraged local residents to incorporate the City of Miami.
 
 
<figure id="attachment_12659" aria-describedby="caption-attachment-12659" style="width: 592px" class="wp-caption aligncenter"><img loading="lazy" decoding="async" loading="lazy" class=" wp-image-12659" src="https://www.coinnewsdaily.com/wp-content/uploads/2022/07/1657722394_533_The-ultimate-guide-to-Miami-–-Cointelegraph-Magazine.jpg" alt="Miami" width="592" height="333" /><figcaption id="caption-attachment-12659" class="wp-caption-text">People come to Miami for the nightlife and stay for the low taxes.</figcaption></figure>
 
 
The first wave of immigration into the area started as part of the Florida Real Estate boom in the 1920s, and Miami quickly became one of the state’s premier tourist destinations. During the 1950s to the 1970s, a combination of the Cuban Revolution, the civil war in Nicaragua, and the oppressive policies of Haitian dictator François Duvalier saw many emigrate to Miami in search of a better life. Known for its all-year tropical climate, low taxes, sound infrastructure, entertainment venues and diverse population, Florida is one of only nine states that does not levy a state tax on ordinary personal income. The Sunshine State has also become a premier destination for an exodus of Americans from high-tax states such as New York and California, attracted by low goods and services tax and property taxes. The city also serves as a major transportation gateway to access many of the Caribbean Islands’ offshore banking services nearby.
The recent wave of “tech émigrés” has seen it become one of the most blockchain-friendly cities in the United States, leading the advancement of the crypto and Web3 realm. 
 
 
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">
“Miami is going to hack our way to the top in order to compete with the world.”
What an honor to be joined by visionaries like <a href="https://twitter.com/DavidSacks?ref_src=twsrc%5Etfw" data-wpel-link="external" target="_blank" rel="nofollow external noopener noreferrer">@DavidSacks</a> <a href="https://twitter.com/shervin?ref_src=twsrc%5Etfw" data-wpel-link="external" target="_blank" rel="nofollow external noopener noreferrer">@shervin</a> <a href="https://twitter.com/jdanjohnson?ref_src=twsrc%5Etfw" data-wpel-link="external" target="_blank" rel="nofollow external noopener noreferrer">@jdanjohnson</a> and <a href="https://twitter.com/jefffluhr?ref_src=twsrc%5Etfw" data-wpel-link="external" target="_blank" rel="nofollow external noopener noreferrer">@jefffluhr</a> for “Not Another Fireside Chat” on the future of Miami Tech at Miami Hack Week! <a href="https://t.co/WWJHsUmg6W" data-wpel-link="external" target="_blank" rel="nofollow external noopener noreferrer">pic.twitter.com/WWJHsUmg6W</a>
— Mayor Francis Suarez (@FrancisSuarez) <a href="https://twitter.com/FrancisSuarez/status/1516856511783448576?ref_src=twsrc%5Etfw" data-wpel-link="external" target="_blank" rel="nofollow external noopener noreferrer">April 20, 2022</a>
</blockquote>
 
 
<h4 style="text-align: left;">Crypto culture and cityscape</h4>
Thanks in part to the leadership of Mayor Francis Suarez, Miami is leading the way in municipal crypto adoption. Suarez has personally set an example of taking his salary and portion of his 401(k) retirement savings account in Bitcoin. In August 2021, the City of Miami partnered with CityCoins to launch a municipal digital currency, dubbed (unsurprisingly) “MiamiCoin,” to fund local projects by generating yield. The project initially raised $23 million, but like everything, it was hit hard by the crypto bear market, and the token has lost nearly 90% of its value, while Bitcoin’s price has fallen around 70% since Mayor Suarez first announced he was taking his paycheck in Bitcoin.
 
 
 
 
Nevertheless, Miami is unique insofar as it has the Miami-Dade County Cryptocurrency Task Force, comprising municipal stakeholders, designed to research and enact crypto legislation to benefit local residents. Elijah Bowdre, chairman of the Cryptocurrency Task Force, says:
<blockquote class="pullquote align-center">
“Crypto is on fire. And Miami-Dade County is poised to pierce the veil for municipalities and crypto. And I’m leading that charge. It’s an honor. I am very humbled by it. But it’s also very exciting.”
</blockquote>
A plan is also in motion to enable residents in all of Miami-Dade county to officially pay with crypto for things such as driver’s license renewals, registration fees, water bills, and county bills, among many others. In addition, municipal employees will be able to receive a portion of all of their paychecks in crypto. Moreover, they can have a percentage of their salary put away toward a crypto retirement fund.
Each year, the North American Bitcoin Conference takes place in Miami. It was here in 2014 that a young Russian-Canadian called Vitalik Buterin first unveiled his idea for a decentralized, programmable smart contract blockchain dubbed Ethereum.
 
 
<figure id="attachment_12560" aria-describedby="caption-attachment-12560" style="width: 594px" class="wp-caption aligncenter"><img loading="lazy" decoding="async" loading="lazy" class=" wp-image-12560" src="https://www.coinnewsdaily.com/wp-content/uploads/2022/07/1657722394_459_The-ultimate-guide-to-Miami-–-Cointelegraph-Magazine.jpg" alt="Cryptocurrency journalist and former Cointelegraph Reporter Ornella Hernandez at The North American Bitcoin Conference | Source: Ornella Hernandez" width="594" height="446" /><figcaption id="caption-attachment-12560" class="wp-caption-text">Cryptocurrency journalist and former Cointelegraph Reporter Ornella Hernández at The North American Bitcoin Conference. Source: Ornella Hernández</figcaption></figure>
 
 
This year’s event was held from Jan. 17 to 19 and attracted over 4,000 participants, including notable attendees such as billionaire investor Mark Cuban. He returned in the first week of April for Miami NFT Week, an event that saw 250+ speakers and sponsors showcasing the latest innovations in the NFT space. Miami Tech Week also took place around the same time, consisting of prominent venture capitalists, tech executives and co-founders, such as Blockchain.com CEO Peter Smith, MoonPay CEO Ivan Soto-Wright and Ripple CEO Brad Garlinghouse.
 
 
<figure id="attachment_12561" aria-describedby="caption-attachment-12561" style="width: 592px" class="wp-caption aligncenter"><img loading="lazy" decoding="async" loading="lazy" class=" wp-image-12561" src="https://www.coinnewsdaily.com/wp-content/uploads/2022/07/The-ultimate-guide-to-Miami-–-Cointelegraph-Magazine.png" alt="The Miami Bull | Source: Ornella Hernandez" width="592" height="350" /><figcaption id="caption-attachment-12561" class="wp-caption-text">The Miami Bull. Source: Ornella Hernández</figcaption></figure>
 
 
<h4 style="text-align: left;">Projects and companies</h4>
When it comes to Miami’s presence in Web3, the No. 1 position undoubtedly goes to Yuga Labs. The firm currently owns two of the world’s most popular NFT collections: Bored Ape Yacht Club and CryptoPunks. Together, they have surpassed close to 1.6 million ETH in cumulative trading volume on NFT marketplace OpenSea. In Q1, Yuga Labs attracted $450 million out of $1 billion in venture investments in tech firms within Miami-Dade county via its Andreessen Horowitz seed round.
Perhaps the most notable physical presence of any crypto company is that of centralized digital assets exchange FTX. Last April, FTX paid $135 million to rename the Miami Heat NBA Arena located on Biscayne Boulevard to FTX Arena for the next 19 years. Three-time NBA Champion and Miami Heat legend Udonis Haslem currently serves as an ambassador for the exchange’s “You In, Miami?” campaign. The two plan to work together in the future to promote crypto within Miami-Dade county, where FTX also has a corporate office in the city.
MoonPay, a cryptocurrency fintech firm that allows users to buy crypto and NFTs with a debit or credit card, is also based in Miami. Last year, the firm raised $555 million in funding for a valuation of $3.4 billion. Recently, it launched an NFT platform with Universal Pictures and Fox Corporation called HyperMint that would enable firms behind popular consumer brands to potentially mint hundreds of millions of NFTs per day.
 
 
 
 
Institutional credit protocol Maple Finance can also trace its roots back to Miami and has issued more than $1.5 billion in loans since its inception. Unfortunately, the company has become caught up in the ongoing digital assets credit crisis.
In the realm of crypto philanthropy, Miami is also the home of The Giving Block, the world’s leading digital assets on-boarding platform for donations to more than 1,000 nonprofits. Last year, the platform facilitated more than $69.6 million in crypto donations volume, a staggering increase of 1,558% from 2020. The top five most popular cryptocurrencies used for donations were Ether, Bitcoin, USD Coin, Dai and Flow. The firm has also launched a crypto fundraising campaign for Ukraine in the wake of the invasion.
 
 
<figure id="attachment_12568" aria-describedby="caption-attachment-12568" style="width: 592px" class="wp-caption aligncenter"><img loading="lazy" decoding="async" loading="lazy" class=" wp-image-12568" src="https://www.coinnewsdaily.com/wp-content/uploads/2022/07/1657722394_945_The-ultimate-guide-to-Miami-–-Cointelegraph-Magazine.png" alt="The Choice is Yours - Crypto Donations Campaign | Source: The Giving Block" width="592" height="333" /><figcaption id="caption-attachment-12568" class="wp-caption-text">The choice is yours — Crypto Donations Campaign. Source: The Giving Block</figcaption></figure>
 
 
As for emerging projects, in 2021, Algorand launched a bilingual 10-week accelerator program in Miami focusing on projects either built on the namesake blockchain or wishing to develop on the Algorand platform. Each of the 10 selected companies will receive $17,500 in cash from the Algorand Foundation and $17,500 in cash from Borderless Capital for a total of 3% or less of tokens and/or equity. Applications have just closed, and it is currently in the review stage.
Ibex, a Bitcoin Lightning infrastructure services company, also has an office in the city. The firm connects point-of-sale systems of businesses and merchants with Bitcoin, allowing them to accept the digital currency with very low transaction fees on the Lightning Network. 
Located at the heart of the trendy community of Wynwood is BitBasel, a crypto-art and NFT tech hub for local artists and developers. Co-founded by Scarlett Arana and Jorge Cortes, BitBasel hosts everything from panel talks to workshops to hackathons for nearby crypto enthusiasts. In addition, it is also the creator of Miami DAO, an organization focused on expanding crypto education programs for residents across Miami-Dade county.
 
 
<figure id="attachment_12562" aria-describedby="caption-attachment-12562" style="width: 606px" class="wp-caption aligncenter"><img loading="lazy" decoding="async" loading="lazy" class=" wp-image-12562" src="https://www.coinnewsdaily.com/wp-content/uploads/2022/07/1657722394_169_The-ultimate-guide-to-Miami-–-Cointelegraph-Magazine.jpg" alt="BitBasel Community | Source: BitBasel" width="606" height="606" /><figcaption id="caption-attachment-12562" class="wp-caption-text">BitBasel community. Source: BitBasel</figcaption></figure>
 
This February, Blockchain.com leased a 22,000-square-foot building in Wynwood for its employees, having stayed at a temporary office space in Brickell after moving its headquarters from New York. The firm was last valued at $5.2 billion in its recent fundraising round. Since its inception, it has processed more than $1 trillion in digital asset transactions on its exchange.
There is also the local folk hero of Miami’s Little Haiti community, Nandy Martin. He created the Little Haiti Coin, a socio-economic cryptocurrency initiative. With each token purchase, Martin and his partners will volunteer to clear one square foot of his local Little Haiti community. Eligible residents will also receive one free token, which can be tendered as payment at local businesses as well as receive discounts on Haitian imports coming to the area. Though as of late, Martin says businesses that once accepted the Little Haiti Coin as a means of payment closed down due to gentrification in the area.
 
 
<figure id="attachment_12565" aria-describedby="caption-attachment-12565" style="width: 611px" class="wp-caption aligncenter"><img loading="lazy" decoding="async" loading="lazy" class=" wp-image-12565" src="https://www.coinnewsdaily.com/wp-content/uploads/2022/07/1657722394_7_The-ultimate-guide-to-Miami-–-Cointelegraph-Magazine.jpg" alt="Blockchain folk hero Capitan Haiti | Source: Nandy Martin" width="611" height="459" /><figcaption id="caption-attachment-12565" class="wp-caption-text">Blockchain folk hero Capitan Haiti. Source: Nandy Martin</figcaption></figure>
 
 
Martin is currently building a blockchain game called Captain Haiti with its token built on BNB Chain. The game seeks to educate users on concepts such as play-to-earn, tokenization and nonfungible tokens and already has over 10,000 downloads. Martin is also attempting to “take back control” of his community from housing speculators via a $14-million real estate NFT sale and use the funds to halt ongoing foreclosures.
 
 
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">
Great time with Captain Haiti and the Mayor <a href="https://t.co/bpBA65Evkm" data-wpel-link="external" target="_blank" rel="nofollow external noopener noreferrer">pic.twitter.com/bpBA65Evkm</a>
— Charles Hoskinson (@IOHK_Charles) <a href="https://twitter.com/IOHK_Charles/status/1400157941546766337?ref_src=twsrc%5Etfw" data-wpel-link="external" target="_blank" rel="nofollow external noopener noreferrer">June 2, 2021</a>
</blockquote>
 
 
Flying under the radar is QuickNode, a key player behind Twitter’s recent integration of NFT profile pictures for its Blue users. The blockchain infrastructure company checks NFT profile pictures on Twitter for authenticity to verify who actually owns their NFT avatar and who is simply using a downloaded image. The firm has raised $35 million in a Series A funding round led by venture capital firm Tiger Global.
Speaking of venture investments, a new blockchain firm in Miami is Security Token Group, the operator of STOmarket.com, a repository of security token trading data and news, with a live-trading data feed for over 200 security tokens currently while also tracking over 500 primary offerings. The firm closed a $3-million Series A round in May. 
 
 
 
 
<h4>Where can I spend my crypto?</h4>
Thesis Hotel, a four-star resort on South Dixie Highway, claims it was the first hotel in Miami-Dade county to accept crypto as payment via BitPay. Users can book rooms and amenities with Bitcoin, Bitcoin Cash, Ether, Dogecoin or any of the popular and regulated stablecoins, including Binance USD. It is also possible to dine at restaurants within the hotel on crypto. 
Another venue taking crypto payments is Shelborne South Beach Hotel on Miami Beach, known for hosting weddings and upscale catering services. One can pay with BitPay at checkout. The hotel is owned by Menin Hospitality, where cryptocurrencies are accepted at all of its restaurants and hotels under its collection. 
For catering, consider paying with crypto at Chotto Matte, a fusion of Japanese and Peruvian cuisine. In April, Chotto Matte debuted a $1-million NFT collectible whose owner is entitled to perks such as VIP invitations to all future restaurant openings. For those staying at Thesis hotel, Mamey Miami contains a mix of Asian and Polynesian influences, and one can again pay with crypto for meals thanks to BitPay. The menu is designed by award-winning chef Niven Patel, who also cooks at the Orno Miami restaurant (located in Thesis, too) — this time with a New American-style menu. And again, crypto is accepted.
As it turns out, there is an entire suburb in the Miami Metropolitan area, called Miami-Lakes, where residents can use crypto to pay all municipal fees. Implemented via PayPal last March, users can tender digital assets for items such as permits, business licenses and facility rentals. 
And if you want to party into the early hours while spending all your BTC, there is a popular nightclub located just six blocks from FTX Arena in the heart of downtown Miami that accepts digital currency. Dubbed E11EVEN, one can book a table at the venue, order bottle service and more with Bitcoin. The venue has hosted celebrities such as Cardi B, Wyclef Jean, Post Malone, Nicki Minaj and Drake. 
 
 
<figure id="attachment_12564" aria-describedby="caption-attachment-12564" style="width: 599px" class="wp-caption aligncenter"><img loading="lazy" decoding="async" loading="lazy" class=" wp-image-12564" src="https://www.coinnewsdaily.com/wp-content/uploads/2022/07/The-ultimate-guide-to-Miami-–-Cointelegraph-Magazine.jpeg" alt="Drake performing at E11EVEN | Source: E11EVEN" width="599" height="399" /><figcaption id="caption-attachment-12564" class="wp-caption-text">Drake performing at E11EVEN. Source: E11EVEN</figcaption></figure>
 
 
Per Coin ATM Radar, there are over 850 ATMs in and around the Miami area acting as a gateway between fiat and digital currencies. Aside from being found on the street, they are also common among many of the city’s gas stations and vape shops. 
<h4 style="text-align: left;">Education and community</h4>
In 2018, digital assets instructor George Levy founded the Blockchain Institute of Technology, or BIT, in the Wynwood district. BIT offers reasonably priced courses about cryptocurrencies and NFTs. On top of that, the institute provides the Certified Blockchain Professional Curriculum with a unique blockchain-verified, credentialed third-party proof of expertise to add to one’s resume. The Institute has provided cryptocurrency training programs to entities such as the Mexican Ministry of Economy, the Central Bank of Curaçao and Sint Maarten, as well as accounting firm Ernst & Young. Of course, you can pay tuition fees with crypto.
There is a less formal initiative dubbed “Bitcoin Brunch.” Every week, members of the tight-knit blockchain community in Miami gather in the palm tree glades of Naomi’s Garden Restaurant and Lounge for hearty Haitian food (deep-fried turkey, beans and rice, collard greens) and talk about emerging crypto technologies over glasses of rum punch. According to Prem Lee Barbosa, a crypto Miami native and the event’s host:
“Bitcoin Brunch attempts as an aspiration of helping reshape this world with the creative potential unleashed by the digital currency. It enables the masses to organize themselves deterministically, free of the influence of centralized administrators.”
Barbosa elaborated that “our get-rich-as-quickly-as-possible-and-at-all-costs mentality enslaves us to the dollar and makes us complicit in all of its pitfalls.” He then praised Bitcoin’s decentralized nature as a means of restoring dignity to the exchange of value. If you are a fan of the group’s blockchain philosophy, Bitcoin Brunch takes place every Sunday from 10 am to 3 pm at Haitian-inspired Naomi’s Garden Restaurant and Lounge at 650 NW 71st St., Miami.
 
 
<figure id="attachment_12557" aria-describedby="caption-attachment-12557" style="width: 595px" class="wp-caption aligncenter"><img loading="lazy" decoding="async" loading="lazy" class=" wp-image-12557" src="https://www.coinnewsdaily.com/wp-content/uploads/2022/07/1657722394_101_The-ultimate-guide-to-Miami-–-Cointelegraph-Magazine.jpg" alt="Bitcoin Brunch at Naomi’s Garden & Restaurant | Source: Jorge Cortez" width="595" height="446"/><figcaption id="caption-attachment-12557" class="wp-caption-text">Bitcoin Brunch at Naomi’s Garden and Restaurant. Source: Jorge Cortes</figcaption></figure>
 
 
<h4 style="text-align: left;">Controversies and collapses</h4>
Being one of the more affluent states in the U.S., Florida has attracted its fair share of genuine crypto projects and con artists alike. Recently, Luiz Capuci, CEO of Mining Capital Coin and resident of Port St. Lucie, Florida, was indicted for his role in an alleged $62-million cryptocurrency fraud scheme. A few months prior, Florida resident David Pike pled guilty over his role in defrauding investors of OneCoin, one of the most notorious Ponzi schemes in cryptocurrency history, where victims lost anywhere between $4.4 billion and $19.4 billion.
Many early investors of now defunct Bitconnect were Florida residents, and they have just seen their class-action lawsuit against the perpetrators of the Ponzi scheme proceed after nearly five years. 
 
 
 
 
<h4 style="text-align: left;">Notable Figures</h4>
Like the namesake song from Will Smith, “I only came for two days of playing. But every time I come, I always wind up staying.” People come and go to Miami for business and holidays as they please, blurring the line between full-time residents and visitors.
Suarez; Bowdre; Smith; Arana; Cortes; Barbosa; Levy; Soto-Wright; Martin; Peter Thiel, billionaire entrepreneur; Sydney Powell, co-founder and CEO of Maple Finance; Alex Wilson, CEO of The Giving Block; Anthony Elia, co-founder of TokenBot; Nic Carter, founding partner of Castle Island Ventures; Auston Bunsen, co-founder of Quick Node; Ornella Hernández, cryptocurrency journalist and former Cointelegraph reporter, now at BlockWorks; and Tatiana Moroz, American folk singer and blockchain personality.
If you have any suggestions for additions to this guide, please get in touch with zhiyuan.sun@cointelegraph.com
 
 
 
 
</div>
<script async src="//platform.twitter.com/widgets.js" charset="utf-8"></script> 
 <a href="https://cointelegraph.com/magazine/2022/07/13/crypto-city-ultimate-guide-to-miami">Source link </a> Welcome to Miami, the international city renowned for its high energy lifestyle, vibrant culture, and beautiful sunny beaches.
In this edition of Cointelegraph Magazine, we’re going to guide you through Miami’s many amazing attractions, from luxurious hotels and resorts to delicious food and nightlife hotspots.
First up, when it comes to luxury, Miami has it all – exquisite five-star hotels and resorts, high-end shopping experiences and of course, stunning, white sand beaches. With its chic and cosmopolitan vibe, Miami is home to some iconic, world-renowned hotels such as the Deluxe Palms Resort & Casino, Fontainebleau Miami Beach and the stunning Faena Brickell. Whatever your taste, you’re sure to find the perfect luxury experience amongst the glittering Miami sky.
But for all its luxury, Miami is still a city that loves to party. Whether it’s an intimate nightclub experience, or a lively street party, the city offers a plethora of nightlife spots that are sure to get you shaking your groove thing. Look out for iconic spots such as El Tucano, Bake House Music and E11EVEN, as well as the city’s many fashion-forward lounges and bars.
And of course, no trip to Miami would be complete without sampling its delightful local cuisine. Famous eateries such as The Rusty Pelican, Joe’s Stone Crab and Casa Tua offer amazing dishes ranging from seafood, steaks, Italian, Cuban and more.
So that’s our quick and easy guide to Miami’s top attractions. Whether it’s top-notch luxury, exciting nightlife or delicious food, Miami offers something for everyone. We hope that this guide has given you an insight into what this vibrant and beautiful city has to offer.
]]></content:encoded>
</item>
<item>
<title>Dr. Jane Thomason – Cointelegraph Magazine</title>
<link>https://www.coinnewsdaily.com/dr-jane-thomason-cointelegraph-magazine/</link>
<dc:creator><![CDATA[coinnewsdaily]]></dc:creator>
<pubDate>Fri, 31 Mar 2023 09:28:51 +0000</pubDate>
<category><![CDATA[NFT]]></category>
<guid isPermaLink="false">https://www.coinnewsdaily.com/?p=146887</guid>
<description><![CDATA[Jane Thomason is an Australian academic who spent 15 years running hospitals and doing development work abroad followed by a 20-year stint building a $250-million revenue company. Thomason — now a blockchain adviser to the World Health Organization — says she “had an epiphany” while thinking about the 2004 Tsunami in Indonesia, in which the […]]]></description>
<content:encoded><![CDATA[
<div>
Jane Thomason is an Australian academic who spent 15 years running hospitals and doing development work abroad followed by a 20-year stint building a $250-million revenue company. 
Thomason — now a blockchain adviser to the World Health Organization — says she “had an epiphany” while thinking about the 2004 Tsunami in Indonesia, in which the lives of over 200,000 people were washed away.
“No one knew the identities of the people coming to the hospitals — all the identity documents were gone, all the bank records were gone, all the health records were gone. People wanted to send money to the people who were alive, but no one could send money directly.”
 
<figure id="attachment_12701" aria-describedby="caption-attachment-12701" style="width: 590px" class="wp-caption aligncenter"><img loading="lazy" decoding="async" loading="lazy" class=" wp-image-12701" src="https://www.coinnewsdaily.com/wp-content/uploads/2022/07/Dr-Jane-Thomason-–-Cointelegraph-Magazine.jpg" alt="Dr Jane Thomason" width="590" height="332" /><figcaption id="caption-attachment-12701" class="wp-caption-text">Dr Jane Thomason believes in the power of blockchain to help make the world a better place.</figcaption></figure>
 
Thomason believes that if this data had been recorded on a blockchain, “people would be able to reconnect with their data really quickly and access their identity, health and bank records.” The realization convinced Thomason that she needed to play a role in helping the technology scale for humanitarian applications.
“My blockchain story is quite cute,” Thomason says, explaining that she “completely ignored” her son’s advice when in 2010 he encouraged her to buy Bitcoin. He brought the subject up again in 2015, becoming “really frustrated” with Thomason’s inaction. 
<blockquote class="pullquote align-center">
“He said, ‘Listen — Bitcoin is built on blockchain, and blockchain is going to change everything and you need to learn about it.’” 
</blockquote>
Thomason began reading and, after several months, began to feel a strong pull toward the industry. She’s since pivoted into the “blockchain for social impact” niche and is the author of several books including Blockchain Technology for Global Social Change and Blockchaining the World, and acts as a blockchain adviser to various international organizations, such as the World Health Organization and the Commonwealth Secretariat.
 
 
<figure id="attachment_12682" aria-describedby="caption-attachment-12682" style="width: 449px" class="wp-caption aligncenter"><img loading="lazy" decoding="async" loading="lazy" class="size-full wp-image-12682" src="https://www.coinnewsdaily.com/wp-content/uploads/2022/07/1657894287_70_Dr-Jane-Thomason-–-Cointelegraph-Magazine.jpg" alt="Dr Jane Thomason" width="449" height="559" /><figcaption id="caption-attachment-12682" class="wp-caption-text">Dr. Jane Thomason is a regular at crypto conferences around the world. Source: drjanethomason.net</figcaption></figure>
 
 
Thomason believes that beyond all the talk of cryptocurrency, blockchain is a technology that can solve practical problems for some of the most disadvantaged groups in the world by facilitating and securing identity, health records, banking, supply chains and supporting climate action. Despite the rosy picture, she remains worried about the current state of the industry and questions whether the industry understands its own climate footprint.
<h4>Social benefits of blockchains</h4>
When it comes to blockchain and identity, Thomason believes that recognition by governments is the biggest hurdle because many people around the world do not have any type of ID, to begin with. Identity is a person’s “window to the world,” making it perhaps the most important problem to solve.
Financial inclusion can be tackled with stablecoins, which people can easily send and receive. Despite being much lauded by the Bitcoin community, Thomason remains skeptical of El Salvador’s decision to make Bitcoin legal tender due to the inherent volatility.
 
 
 
 
While running the London Blockchain Week Hackathon in 2017, conveniently sponsored by the Abt Associates, Thomason invited a group of central bankers from the Bank of Papua New Guinea to witness “200 of the smartest people in the world sitting there trying to figure out how to solve this problem of financial inclusion.” The winners then accompanied them to Papua New Guinea to create a proof-of-concept for a new payment system.
<blockquote class="pullquote align-center">
“They went to a super isolated village, and without electricity and only 2G mobile phones, and were able to make transfers to that village and convert it into fiat in the local store.”
</blockquote>
As for supply chains, Thomason is quick to point to problems even in the medical sector regarding fake personal protection equipment devices, which began to circulate during the pandemic. If supply chains can be clearly recorded onto blockchains, both manufacturers and buyers can “see transparently right through the entire supply chain and know what’s going on.” The same goes for food and can help farmers avoid exploitation via transparency.
 
 
<figure id="attachment_12680" aria-describedby="caption-attachment-12680" style="width: 534px" class="wp-caption aligncenter"><img loading="lazy" decoding="async" loading="lazy" class="size-full wp-image-12680" src="https://www.coinnewsdaily.com/wp-content/uploads/2022/07/1657894287_159_Dr-Jane-Thomason-–-Cointelegraph-Magazine.jpg" alt="Jane Thomason" width="534" height="354" /><figcaption id="caption-attachment-12680" class="wp-caption-text">Dr. Jane Thomason sees opportunities for blockchain to aid climate change efforts. Source:drjanethomason.net</figcaption></figure>
 
 
Thomason also sees a bright future for blockchain as a tool for climate action. One opportunity, she says, is the tokenization of green bonds and carbon offsets, as well as NFTs, which can represent carbon offsets. She cites the example of the Brooklyn Microgrid, which is a marketplace for locally generated solar power. 
In developing countries, she explains, someone with a solar panel could sell generated power to others for micropayments, making electricity available in places where people might otherwise not be able to keep a mobile phone charged. Developing countries often serve as great proving grounds for new technologies, which could also be implemented on much larger scales in developed economies.
 
 
 
 
<h4>Building blocks</h4>
In the aftermath of her epiphany, she left her position at Abt Associates, the parent company that had bought her company JTA International in 2014. She had been building JTA for 20 years, and it had over $250 million in revenue and 600 employees.
<figure id="attachment_12683" aria-describedby="caption-attachment-12683" style="width: 350px" class="wp-caption alignright"><img loading="lazy" decoding="async" loading="lazy" class=" wp-image-12683" src="https://www.coinnewsdaily.com/wp-content/uploads/2022/07/1657894287_5_Dr-Jane-Thomason-–-Cointelegraph-Magazine.jpg" alt="MAFs star Georgina Fairweather does NFTs" width="350" height="263" /><figcaption id="caption-attachment-12683" class="wp-caption-text">Her daughter is ‘Married At First Sight’ star Georgia Fairweather, who is passionate about NFTs.</figcaption></figure>
She needed to regroup. “I started traveling around the world, going to blockchain conferences and meetups,” looking for ways she could contribute to the nascent sector. One of the first things she did was begin advising various projects, including the Kerala Blockchain Academy and Shyft Network. 
Thomason found that affiliating herself with blockchain projects was important because “if you don’t belong to an organization, people think you’re a bit weird.” When unassociated, she found it difficult to be taken seriously as an advocate for blockchain as a tool for social impact at a time when everyone was simply trying to raise millions of dollars with ICOs. 
Coming from a work culture where business cards were the norm, she noticed that the attendees of blockchain conferences preferred instead to connect digitally. Thomason found herself setting up a LinkedIn profile where she began writing about blockchain and social impact. “Unintentionally and totally organically, I got this following,” she says, referring to her 26,000 followers.
<blockquote class="pullquote align-center">
“If you believe in something and have something important to say, you can build a following without maintaining it.”
</blockquote>
With all her explorations of the industry, Thomason came to the view that there was a need for deeper education relating to ways in which blockchain could be used to create impact.
In 2019, she launched Social Impact Week in London, and “in 2020, we had our last blockchain week just before the borders closed” due to the pandemic, after which Thomason was effectively stuck in Australia for two years. 
“I spent my time during the lockdown learning about DeFi,” she says, explaining that in 2020, she came across Novum Insights, a Decentralized Finance (DeFi) analytic company that she invested in on the condition that she be allowed to work directly with the team in order to learn about DeFi. The experience, Thomason says, inspired her to write her fifth book Applied Ethics in a Digital Age. She was able to move to Dubai in 2022.
<h4>Healthcare development</h4>
Thomason was born in Scotland before moving to Australia, where her father worked as a rural doctor in North Queensland. When she was 16, her mother took her on an Oxfam study tour to Indonesia, which “was sort of like a combination of a holiday, but you go and see all their development projects, and you see the good work that they’re doing,” Thomason recalls. 
 
 
 
 
She began her career after graduating with a Bachelor of Arts in Social Work from the University of Queensland in 1979, after which she volunteered at the Asia Development Bank in Indonesia before completing her Masters in Public Health at the University of Sydney in 1981.
<figure id="attachment_12675" aria-describedby="caption-attachment-12675" style="width: 167px" class="wp-caption alignright"><img loading="lazy" decoding="async" loading="lazy" class=" wp-image-12675" src="https://www.coinnewsdaily.com/wp-content/uploads/2022/07/1657894287_604_Dr-Jane-Thomason-–-Cointelegraph-Magazine.jpg" alt="Thomason's book" width="167" height="267" /><figcaption id="caption-attachment-12675" class="wp-caption-text">Thomason’s books are available on Amazon.</figcaption></figure>
Thomason’s research involved fieldwork in Papua New Guinea, where she learned about the challenges faced by economically and geographically isolated people. Upon completing her Ph.D. in 1994, Thomason returned to Queensland to work as the CEO of a hospital, among other positions.
In 1999, Thomason founded JTA International to develop public health in developing countries. Over time, it expanded to various other industries, including mining, and was sold to Abt Associates in 2014, with Thomason agreeing to stay on board for four years “to grow the company in Asia and the Pacific into other sectors outside of healthcare.” The years following saw the company triple its revenues from $50 million to $250 million. Seeing a dire need for digital transformation, Thomason, however, stepped out of the CEO role in 2017 to become the parent company’s global ambassador for its Center for Digital Transformation in the United Kingdom.
 
 
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">
<a href="https://twitter.com/janeathomason?ref_src=twsrc%5Etfw" data-wpel-link="external" target="_blank" rel="nofollow external noopener noreferrer">@janeathomason</a> talking about wellness in Metaverse.
An event by <a href="https://twitter.com/MetaDecryptCo?ref_src=twsrc%5Etfw" data-wpel-link="external" target="_blank" rel="nofollow external noopener noreferrer">@MetaDecryptCo</a> at <a href="https://twitter.com/MOTF?ref_src=twsrc%5Etfw" data-wpel-link="external" target="_blank" rel="nofollow external noopener noreferrer">@MOTF</a> .<a href="https://twitter.com/webzz?ref_src=twsrc%5Etfw" data-wpel-link="external" target="_blank" rel="nofollow external noopener noreferrer">@webzz</a> <a href="https://twitter.com/amitkumar0331?ref_src=twsrc%5Etfw" data-wpel-link="external" target="_blank" rel="nofollow external noopener noreferrer">@amitkumar0331</a> <a href="https://twitter.com/RichaPatil28?ref_src=twsrc%5Etfw" data-wpel-link="external" target="_blank" rel="nofollow external noopener noreferrer">@RichaPatil28</a> <a href="https://twitter.com/sarahvaibhavali?ref_src=twsrc%5Etfw" data-wpel-link="external" target="_blank" rel="nofollow external noopener noreferrer">@sarahvaibhavali</a> <a href="https://twitter.com/khaleejtimes?ref_src=twsrc%5Etfw" data-wpel-link="external" target="_blank" rel="nofollow external noopener noreferrer">@khaleejtimes</a> <a href="https://t.co/Lut3yXr1Qo" data-wpel-link="external" target="_blank" rel="nofollow external noopener noreferrer">pic.twitter.com/Lut3yXr1Qo</a>
— Cryptonite.ae (@CryptoniteUae) <a href="https://twitter.com/CryptoniteUae/status/1543189660570206212?ref_src=twsrc%5Etfw" data-wpel-link="external" target="_blank" rel="nofollow external noopener noreferrer">July 2, 2022</a>
</blockquote>
 
 
Though Thomason sees NFTs as a valuable canvas for digital art in support of climate initiatives, she is quick to bring up what she considers their dark side: the current power consumption of Ethereum. “I’m a little bit cautious about that because most NFTs build on Ethereum, and Ethereum is one of the power-hungry blockchains,” she notes. Such art would by no means solve climate change, but she sees them as a way to galvanize climate action and reward artists.
<blockquote class="pullquote align-center">
“I feel that we need to find ways to move the NFT community off Ethereum and onto Algorand, Solana, Cardano and those blockchains that aren’t that energy hungry.”
</blockquote>
Ethereum’s creator Vitalik Buterin argues that the chain’s upcoming transition to proof-of-stake will provide a fitting solution to climate concerns.
With time, Thomason notes that many others have begun to advocate for the climate and social benefits side of blockchain. One of these is Miroslav Polzer, European Climate Pact Ambassador in Austria, who is “trying to build a DAO for climate action.” 
As new technologies are integrated with blockchain, perhaps like the biometric suit worn by Cage The Elephant’s lead singer, Thomason imagines a setting in which Internet-of-Things devices could measure positive actions taken by people and “a smart contract can trigger a payment to people for having taken that climate action.”
“I think that the job that we’ve got ahead of us is really an education job because we’re so consumed with what’s going on in currencies that most people have no idea of the social utility of blockchain,” Thomason concludes.
 
 
Read More: Six questions for Jane Thomason 
<blockquote class="wp-embedded-content" data-secret="S5LpoAWIvF">
6 Questions for Jane Thomason of Kasei Holdings
</blockquote>
<iframe class="wp-embedded-content" sandbox="allow-scripts" security="restricted" title="“6 Questions for Jane Thomason of Kasei Holdings” — Cointelegraph Magazine" src="https://cointelegraph.com/magazine/2021/12/12/6-questions-for-jane-thomason-of-kasei-holdings/embed#?secret=S5LpoAWIvF" data-secret="S5LpoAWIvF" width="500" height="282" frameborder="0" marginwidth="0" marginheight="0" scrolling="no"></iframe>
 
 
</div>
<script async src="//platform.twitter.com/widgets.js" charset="utf-8"></script> 
 <a href="https://cointelegraph.com/magazine/2022/07/15/dont-stop-currency-transform-world-with-blockchain-dr-jane-thomason">Source link </a> On the forefront of the international development and impact investment sector is Australian entrepreneur and philanthropist, Dr. Jane Thomason. As a thought-leader in this arena, she has been featured in leading publications and has been celebrated for her contributions and dedication to the cause.
Recently, Dr. Thomason was a keynote speaker at Cointelegraph Magazine’s Impact Investment Conference. During the digital event, she delivered a captivating speech about the importance of striving for economic inclusion for all, particularly for those living in poverty stricken countries. In her discussion, she mentioned her work with FinTech start-ups and their ability to empower those living in nations with limited fundamental infrastructure, and their potential to spark transformative change.
Dr. Thomason’s experience in this sector goes back more than two decades, beginning with the creation of her first impact investing vehicle, Abt Associates. Since then she has served in numerous philanthropic roles and has co-founded Blue charity — a global platform to support environmental causes. She currently serves as the Chief Innovation Officer at ModusBox — a FinTech firm dedicated to providing low cost services to financial institutions and governments.
The Impact Investment Conference was just one of the many ways in which Dr. Thomason is involved in international economic development. Through her commitment to these causes, she is actively working to build an inclusive financial system and making an impact on those less fortunate.
For those looking to further their understanding of impact investing, Dr. Thomason provides invaluable expertise. From the boardroom of Abt Associates to the main stage of Cointelegraph Magazine, she has effectively inspired those around her with her passion and dedication to the cause.
]]></content:encoded>
</item>
<item>
<title>Celsius is bankrupt with $1.2B balance sheet hole, Su Zhu returns to Twitter and OpenSea purges 20% of employees: Hodler’s Digest, July 10-16</title>
<link>https://www.coinnewsdaily.com/celsius-is-bankrupt-with-1-2b-balance-sheet-hole-su-zhu-returns-to-twitter-and-opensea-purges-20-of-employees-hodlers-digest-july-10-16/</link>
<dc:creator><![CDATA[coinnewsdaily]]></dc:creator>
<pubDate>Fri, 31 Mar 2023 09:28:40 +0000</pubDate>
<category><![CDATA[NFT]]></category>
<guid isPermaLink="false">https://www.coinnewsdaily.com/?p=147590</guid>
<description><![CDATA[Coming every Saturday, Hodler’s Digest will help you track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions and much more — a week on Cointelegraph in one link. Top Stories This Week OpenSea lays off 20% of its staff, citing ‘crypto […]]]></description>
<content:encoded><![CDATA[
<div>
Coming every Saturday, Hodler’s Digest will help you track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions and much more — a week on Cointelegraph in one link.
<h2/>
<h2 style="text-align: center;">Top Stories This Week</h2>
 
<h4>OpenSea lays off 20% of its staff, citing ‘crypto winter’</h4>
Leading NFT marketplace OpenSea plans to lay off around 20% of its staff, with co-founder and CEO Devin Finzer citing “an unprecedented combination of crypto winter and broad macroeconomic instability” as the reasons behind the move. He also added, “The changes we’re making today put us in a position to maintain multiple years of runway under various crypto winter scenarios (5 years at the current volume), and give us high confidence that we will only have to go through this process once.”
<h4/>
 
<h4>Celsius has filed for bankruptcy </h4>
Celsius, the crypto lending platform that has had customer funds locked up for several weeks but previously claimed to be more trustworthy and safer than a bank, filed for Chapter 11 bankruptcy on Wednesday. According to an email received by Celsius customers, the company voluntarily filed petitions for Chapter 11 reorganization and used the same firm as Voyager Digital for its bankruptcy proceedings. It is unclear what will happen with users’ funds at this stage, given there may be a $1.2 billion hole in the firm’s balance sheet.
 
 
<h4>Polygon selected to participate in Disney’s 2022 Accelerator Program</h4>
Earlier this week, Disney invited Ethereum layer-2 scaling solution Polygon to participate in its prestigious 2022 accelerator program. Polygon was the only blockchain to receive an invite despite this year’s program being focused on augmented reality (AR), NFTs and AI. Disney offers participants mentorship from the Disney Accelerator team and guidance from the leadership of Disney itself.
<h4/>
 
<h4>3AC co-founder returns to Twitter, blames liquidators for “baiting”</h4>
Su Zhu, the co-founder of defunct and insolvent crypto hedge fund Three Arrows Captial (3AC), returned to Twitter on Tuesday after nearly a month of inactivity. In his first tweet upon returning, he cryptically suggested that liquidators baited the firm regarding StarkWare token warrants. Unsurprisingly, Zhu did not take any time to explain how he and his team ran the company into the ground, nor did he discuss the $650 million from Voyager Digital that it defaulted on.
<h4/>
 
<h4>Voyager can’t guarantee all customers will receive their crypto under proposed recovery plan</h4>
Speaking of the $650 million loan that 3AC defaulted on, Voyager Digital revealed this week that it can’t guarantee that it can return all its customers’ locked assets on the platform, as it is uncertain how much of the 3AC loan it will be able to reclaim. “The exact numbers will depend on what happens in the restructuring process and the recovery of 3AC assets,” the lending firm said.
 
 
 
<img loading="lazy" decoding="async" loading="lazy" class="alignnone wp-image-12742 size-large" src="https://www.coinnewsdaily.com/wp-content/uploads/2022/07/Celsius-is-bankrupt-with-12B-balance-sheet-hole-Su-Zhu.png" alt="" width="1024" height="682" />
 
<h2 style="text-align: center;">Winners and Losers</h2>
 
<img loading="lazy" decoding="async" loading="lazy" class="alignnone wp-image-12738 size-large" src="https://www.coinnewsdaily.com/wp-content/uploads/2022/07/Celsius-is-bankrupt-with-12B-balance-sheet-hole-Su-Zhu.jpg" alt="" width="1024" height="826" />
At the end of the week, Bitcoin (BTC) is at $20,877.21, Ether (ETH) at $1,219.26 and XRP at $0.33. The total market cap is at $939.8 billion, according to CoinMarketCap.
Among the biggest 100 cryptocurrencies, the top three altcoin gainers of the week are Quant (QNT) at 66.94%, Lido DAO (LDO) at 63.32% and Aave (AAVE) at 34.44%. 
The top three altcoin losers of the week are UNUS SED LEO (LEO) at 8.15%, Dogecoin (DOGE) at 8.74% and Basic Attention Token (BAT) at 7.71%. 
For more info on crypto prices, make sure to read Cointelegraph’s market analysis.
 
 
 
 
<h2 style="text-align: center;">Most Memorable Quotations</h2>
 
<blockquote>
“Deposits in banks aren’t even ‘customer assets’, let alone ‘assets under management’. They are unsecured loans to the bank. They are thus liabilities of the bank and fully at risk in bankruptcy.”
</blockquote>
Frances Coppola, economist and author of Coppola Comment blog 
 
<blockquote>
“In the past, innovative firms would have been pleading for less regulation. Now they understand and appreciate that rules are there to help provide certainty.” 
</blockquote>
Nikhil Rathi, chief executive of the U.K.’s Financial Conduct Authority 
 
<blockquote>
“This could be Mt. Gox 2.0. Court proceedings may drag out the process of Celsius customers receiving any of their deposits back well into the future.” 
</blockquote>
Danny Talwar, head of tax at Koinly
 
<blockquote>
“Inside growing companies, there’s a danger that product and engineering teams start shipping great slide decks instead of great products.” 
</blockquote>
Brian Armstrong, CEO of Coinbase
 
<blockquote>
“Crypto winters are always the best time to drill down on these core concepts, do the work and build for the future.” 
</blockquote>
Alex Tapscott, managing director at Ninepoint Digital Asset Group
 
<blockquote>
“I am confident that this latest judgment using NFT service has the potential to show the way to digital service over the blockchain, with all the benefits of immutability and authentication.” 
</blockquote>
Demetri Bezaintes, associate at Giambrone & Partners
 
<h2 style="text-align: center;">Prediction of the Week </h2>
 
<h4>NFT market worth $231B by 2030? Report projects big growth for sector</h4>
Global research and consulting firm Verified Market Research (VMR) published a report this week that predicted that the NFT market’s total value could surge past $231 billion by 2030. The company estimated the global NFT market to be worth $11.3 billion as of 2021 in a 202-page deep dive into the sector. VMR predicted that the entire NFT market would expand at a compound annual growth rate of 33.7% over the next eight years.
 
 
<h2 style="text-align: center;">FUD of the Week </h2>
<h4><img loading="lazy" decoding="async" loading="lazy" class="alignnone wp-image-12741 size-large" src="https://www.coinnewsdaily.com/wp-content/uploads/2022/07/1658007797_172_Celsius-is-bankrupt-with-12B-balance-sheet-hole-Su-Zhu.png" alt="" width="1024" height="682" /></h4>
<h4>‘Nobody is holding them back’ — North Korean cyber-attack threat rises</h4>
During an interview with CNN on Sunday, former CIA analyst Soo Kim suggested that the notion of generating foreign income via crypto cyber attacks has become a “way of life” for North Koreans due to several issues the current regime faces. “In light of the challenges that the regime is facing — food shortages, fewer countries willing to engage with North Korea, […] this is just going to be something that they will continue to use because nobody is holding them back, essentially,” she said.
 
<h4>Tencent shuts down NFT platform as gov policy makes it impossible to thrive </h4>
Chinese technology giant Tencent shut down one of its two NFT marketplaces this week, with the firm citing a strong downturn in sales as a result of the regressive policies of the government. It’s been reported that sales have slowed down mainly because of a flawed government policy that prohibits buyers from selling their NFTs in private transactions after purchase, removing all speculative behavior and making the asset class not so lucrative.
 
<h4>Sri Lanka central bank reiterates crypto warning following protestors seizing president’s residence</h4>
With Sri Lanka facing economic and political turmoil, and the president’s house being overrun by protestors, the Central Bank of Sri Lanka has oddly warned against using cryptocurrencies due to a lack of regulatory oversight and risks associated with the assets. Given that the warning comes amid Sri Lanka’s inflation rates reaching more than 54% in June, a lack of regulation in crypto is probably a non-issue for a local citizen.
 
 
<h2 style="text-align: center;">Best Cointelegraph Features</h2>
<h3><img loading="lazy" decoding="async" loading="lazy" class="alignnone wp-image-12740 size-large" src="https://www.coinnewsdaily.com/wp-content/uploads/2022/07/1658007797_220_Celsius-is-bankrupt-with-12B-balance-sheet-hole-Su-Zhu.png" alt="" width="1024" height="682" /></h3>
<h3>After Terra’s fall to Earth, get ready for the stablecoin era</h3>
Did May’s algorithmic stablecoin crashes kill the concept, or is there still a role for fiat-pegged cryptocurrencies? 
<h3>US crypto regulation bill aims to bring greater clarity to DAOs</h3>
The Responsible Financial Innovation Act proposes a comprehensive set of regulations for the digital assets sector, and one potentially impactful section is DAOs.
<h3>Your crypto wallet is the key to your Web3 identity </h3>
Web2 identity has been all about linked email addresses and social media accounts. Now that Web3 is poised to move in, here’s why crypto wallets will be the new key to ID. 
 
 
 
</div>
<a href="https://cointelegraph.com/magazine/2022/07/16/celsius-bankrupt-1-2b-balance-sheet-hole-su-zhu-returns-twitter-opensea-purges-employees-hodlers-digest-july-10-16">Source link </a> Celsius, a U.S. company which was providing high-risk financial products, went bankrupt with a $1.2 billion balance sheet hole. The company’s actions sent shockwaves throughout the industry as its investors faced heavy liquidity problems.
Meanwhile, Su Zhu, the founder of Three Arrows Capital and one of the leading figures of the industry, returned to Twitter after recently departing from the site due to mental health issues. Su Zhu has returned with a positive outlook and is once again an active investor.
OpenSea, the world’s largest non-fungible token (NFT) marketplace, announced that they are purging 20% of their employees due to cost-saving measures. The company has seen increasing competition in the digital asset marketplace and had to take drastic measures to remain viable.
Overall, the past week can be characterized as turbulent for the crypto industry. However, investors remain hopeful for the future of crypto, particularly with the return of Su Zhu and the potential for innovation from other industry leaders.
]]></content:encoded>
</item>
<item>
<title>6 Questions for Lisa Fridman of Quadrata – Cointelegraph Magazine</title>
<link>https://www.coinnewsdaily.com/6-questions-for-lisa-fridman-of-quadrata-cointelegraph-magazine/</link>
<dc:creator><![CDATA[coinnewsdaily]]></dc:creator>
<pubDate>Fri, 31 Mar 2023 09:28:24 +0000</pubDate>
<category><![CDATA[NFT]]></category>
<guid isPermaLink="false">https://www.coinnewsdaily.com/?p=148011</guid>
<description><![CDATA[We ask the buidlers in the blockchain and cryptocurrency sector for their thoughts on the industry… and throw in a few random zingers to keep them on their toes! This week, our 6 Questions go to Lisa Fridman, the president and co-founder of Quadrata, a network that brings an identity and compliance layer to […]]]></description>
<content:encoded><![CDATA[<img decoding="async" src="https://www.coinnewsdaily.com/wp-content/uploads/2022/07/6-Questions-for-Lisa-Fridman-of-Quadrata-–-Cointelegraph-Magazine.jpg" />
<div>
We ask the buidlers in the blockchain and cryptocurrency sector for their thoughts on the industry… and throw in a few random zingers to keep them on their toes!
<hr/>
 
This week, our 6 Questions go to Lisa Fridman, the president and co-founder of Quadrata, a network that brings an identity and compliance layer to DeFi across existing public blockchains.
 
Lisa Fridman was previously the head of blockchain strategy at Springcoin (Spring Labs). Prior to joining Spring Labs, Lisa served as a co-head of strategy at Martlet Asset Management, CEO of PAAMCO Europe and the global head of research at PAAMCO. Lisa is an experienced investor and a business builder. Throughout her career, she has worked closely with institutions, delivering bespoke solutions. She received her Master of Business Administration and graduated summa cum laude with a Bachelor of Arts in Business Economics from the University of California, Los Angeles.
<hr/>
<h4>1 — What does decentralization mean to you, and why is it important?</h4>
Decentralization, to me, means not having to depend on a single entity to continue operations. For example, creating a network where different parties can validate the data necessary for various use cases mitigates the potential risk of a single point of failure. We embrace this philosophy at Quadrata in the context of our passport ecosystem. 
 
<h4>2 — What is the main hurdle to gaining mass adoption of blockchain technology?</h4>
The main hurdle to mass adoption of blockchain technology is limited data availability on-chain and a lack of compliance-aware solutions. By understanding the need for identity, reputation and compliance on- and off-chain and creating products to address this gap in the market, we can help onboard more individuals and institutions to DeFi and Web3 overall. It’s still technologically challenging, so for further retail adoption, more streamlined, easy-to-access solutions need to exist.
 
<h4>3 — What do you think will be the biggest trend in blockchain for the next 12 months?</h4>
I think the biggest trend in blockchain for the next 12 months will be a reassessment of which products are solving a need that exists in the market today vs. the solutions which were lifted by the rising tide of the bull markets in crypto and cannot stand on their own during a downturn. At Quadrata, we believe that identity needs have not yet been addressed on-chain, and we expect to see more peers competing in this space. 
 
<h4>4 — What’s a problem you think blockchain has a chance to solve but hasn’t been attempted yet?</h4>
Blockchain has the potential to improve a number of areas of day-to-day life. It’s not that it hasn’t been attempted yet, but there’s a lot to cover. Being at the beginning of this journey is really exciting, and I look forward to contributing to future innovation.
 
<h4>5 — Do you think governments will try and kill crypto?</h4>
No, I don’t think governments will try to kill crypto. I do believe that for the digital asset markets to attract broader participation of institutions and individuals, a constructive regulatory framework would be necessary. For example, if a larger percentage of the population relies on DeFi for their financial needs, the governments would want to put protections in place to make sure people understand risks associated with these opportunities. The challenge is to put such a framework in place which creates the safeguards while still promoting innovation.
 
<h4>6 — When you tell people you’re in the blockchain industry, how do they react?</h4>
Anyone I tell that I am in the blockchain industry usually has a strong reaction. My friends who paved the way in transitioning to crypto years ago are welcoming me to the club of believers in the power of blockchain technology to transform our world. Many others are curious about what blockchain means in practice and what could be different ways to participate in the opportunities it creates. Almost uniformly, people are excited to talk about blockchain across settings, sharing perspectives on the value it brings and the hurdles to its adoption.
</div>
<a href="https://cointelegraph.com/magazine/2022/07/17/6-questions-for-lisa-fridman-of-quadrata">Source link </a> The world of blockchain never ceases to amaze us, and one of its recent remarkable projects is Quadrata, a blockchain-based gaming platform. Lisa Fridman, the CEO & Co-founder of Quadrata, has been working relentlessly to make this a reality, as was her promise to her late grandmother. As her work has caught the attention of the Cointelegraph Magazine, we have asked Lisa Fridman a few burning questions regarding the Quadrata project.
1. What inspired you to create the Quadrata project and bring blockchain to gaming?
The Quadrata project was inspired by my late grandmother, who devoted her life to giving her family a better life. She was a huge proponent of finding creative and meaningful ways of solving difficult problems. As a tribute to her, I wanted to create something that embodied her values, and that’s how Quadrata was born. We’re focused on helping the gaming industry by providing our users with a blockchain-based gaming platform that is secure, efficient and trustworthy.
2. How does Quadrata plan to revolutionize the gaming industry?
Quadrata will revolutionize the gaming industry by introducing a decentralized, trustless and unobstructed gaming ecosystem. Quadrata’s platform will provide the necessary infrastructure and technology to a vast array of online, mobile, console and virtual reality-based games by allowing developers to quickly and easily introduce various blockchain protocols. Developers will be able to leverage existing blockchain protocols, smart contracts and decentralized autonomous organizations tools to create a much more secure and transparent gaming environment.
3. What makes Quadrata different from other blockchain gaming platforms?
Quadrata differs from other blockchain gaming platforms in two distinct ways. Firstly, our platform is focused on creating an ecosystem that is not only transparent, secure, and efficient but also has the potential to interconnect gaming applications and platforms with one another, creating an unprecedented level of gaming unity and collaboration. Secondly, our platform harnesses the power of blockchain to create a gaming environment that is completely decentralized and operates on an immediate basis.
4. What challenges does Quadrata face in the gaming industry?
The gaming industry is a highly competitive and rapidly changing one, so Quadrata certainly faces many challenges. Primarily, we have to ensure that our platform is able to keep up with the changing industry and stay ahead of the curve in terms of innovation and user experience. Additionally, Quadrata has to create a platform that can be easily adopted by developers, gamers and platforms without taking too much of their personal time.
5. What has been Quadrata’s biggest success to date?
We are extremely proud of our achievements thus far. We have been able to successfully launch our platform, reach a viral user base of 500,000 users, and establish numerous strategic partnerships with renowned organizations in the gaming industry. Most recently, we have been able to successfully expand our product offering by integrating with popular blockchain protocols and gaming platforms.
6. What are your plans for the future of Quadrata?
We are committed to continuing the development of Quadrata to make it the most secure and reliable blockchain-based gaming platform. We also plan to continue expanding our product offering to meet the needs of the ever-evolving gaming industry. In the near future, we plan to introduce additional protocols, platforms, and services that will further cement the Quadrata platform as the premier choice for gaming applications.
]]></content:encoded>
</item>
<item>
<title>Jed McCaleb empties XRP wallet after eight-year selloff</title>
<link>https://www.coinnewsdaily.com/jed-mccaleb-empties-xrp-wallet-after-eight-year-selloff/</link>
<dc:creator><![CDATA[coinnewsdaily]]></dc:creator>
<pubDate>Fri, 31 Mar 2023 09:27:57 +0000</pubDate>
<category><![CDATA[NFT]]></category>
<guid isPermaLink="false">https://www.coinnewsdaily.com/?p=148274</guid>
<description><![CDATA[Former Ripple Labs founder Jed McCaleb has finally ended the eight-year dump of his XRP holdings, leaving only 46.7 XRP left sitting in his famed “~tacostand” wallet. According to blockchain explorer XRP Scan, the former Ripple founder executed his last outgoing XRP transfer of 1.1 million XRP (worth $394,742.18) at 6:31 am (UTC) on July […]]]></description>
<content:encoded><![CDATA[<img decoding="async" src="https://www.coinnewsdaily.com/wp-content/uploads/2022/07/Jed-McCaleb-empties-XRP-wallet-after-eight-year-selloff.jpg" />
<div data-v-28d77a7a="">
Former Ripple Labs founder Jed McCaleb has finally ended the eight-year dump of his XRP holdings, leaving only 46.7 XRP left sitting in his famed “~tacostand” wallet. 
According to blockchain explorer XRP Scan, the former Ripple founder executed his last outgoing XRP transfer of 1.1 million XRP (worth $394,742.18) at 6:31 am (UTC) on July 17. 
Hours later, the account listed an “ACCOUNT DELETE” transaction, meaning the account will no longer exist on XRP’s ledger.
The transaction marks the end of a 9 billion XRP sell-off initiated by McCaleb after leaving Ripple Labs to co-found rival payment protocol Stellar in 2014. 
The amount McCaleb has released over the last eight years represents around 18.6% of the total circulating supply of XRP and has been taken as welcome news by the crypto community.
<blockquote class="twitter-tweet">
The moment we have all waited for is finally upon us. <a href="https://twitter.com/JedMcCaleb?ref_src=twsrc%5Etfw">@JedMcCaleb</a> has finally emptied his taco stand. His dumping of <a href="https://twitter.com/search?q=%24XRP&src=ctag&ref_src=twsrc%5Etfw">$XRP</a> is now over after many years. Party time!!! https://t.co/lS9kfCf98A
— Rob XRP <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/2600.png" alt="☀" class="wp-smiley" style="height: 1em; max-height: 1em;" /> (@robxrp1) <a href="https://twitter.com/robxrp1/status/1548842023335215105?ref_src=twsrc%5Etfw">July 18, 2022</a></blockquote>
XRP proponent “XRP whale” proclaimed to his 57,500 followers on Twitter that with the final sell-off, one can finally own more XRP than McCaleb. 
<blockquote class="twitter-tweet">
BREAKING: Recently Jed McCaleb has sold off his remaining 5M <a href="https://twitter.com/search?q=%24XRP&src=ctag&ref_src=twsrc%5Etfw">$XRP</a>. You now own more XRP then him<a href="https://twitter.com/hashtag/XRP?src=hash&ref_src=twsrc%5Etfw">#XRP</a> 
— XRP whale (57.5k Followers) (@realXRPwhale) <a href="https://twitter.com/realXRPwhale/status/1548761091752316929?ref_src=twsrc%5Etfw">July 17, 2022</a></blockquote>
On Friday, a satirical article from “The Crypto Town Crier” led some to believe that McCaleb decided to hold onto his last five million XRP “just in case it moons.”
“McCaleb, who has sold multiple billions of XRP since leaving Ripple in 2014, said he woke up in a cold sweat Thursday night and realized he just couldn’t let the last of his holdings go,” wrote the authors behind the satire piece. 
The Crypto Town Crier is a satirical news site with the tagline “Where truth matters more than accuracy.” 
Related: Price analysis 7/15: BTC, ETH, BNB, XRP, ADA, SOL, DOGE, DOT, SHIB, AVAX
The price of XRP is currently sitting at 0.3564, up 0.82% over the last 24 hours. The asset is down almost 90% from its January 2018 all-time high of $3.40. 
Ripple Labs has been embroiled in a lawsuit filed by the Securities and Exchange Commission (SEC) since late 2020, with the latter alleging Ripple and its executives had offered XRP as unlicensed security to investors.
Last week, the SEC suffered a blow in its case against Ripple after a U.S. judge ruled that the SEC must produce internal documents relating to the “Hinman speech,” which could be a pivotal piece of evidence in support of Ripple’s defense. 
Should Ripple be successful in arguing that XRP is not a security, some believe this ruling could set a precedent for other similar crypto token issuers while boosting XRP prices.
<template data-name="subscription_form" data-type="markets_outlook"/></div>
<script async src="//platform.twitter.com/widgets.js" charset="utf-8"></script> 
 <a href="https://cointelegraph.com/news/jed-mccaleb-empties-xrp-wallet-after-eight-year-selloff">Source link </a> Jed McCaleb, one of the co-founders of Ripple Labs and the creator of the XRP digital asset, has recently emptied his XRP wallet after an eight-year selloff. McCaleb started the selloff back in 2014, when he transferred 1 billion XRP token from a Ripple Labs-controlled account to his own.
McCaleb had previously announced that he would be using a portion of his XRP holdings to fund his nonprofit, the McCaleb Family Foundation, as well as other charitable organizations and projects. McCaleb has sold a total of 5 billion XRP since 2014, netting him an estimated $1.3 billion in proceeds.
The sale of the XRP tokens has generated some controversy, as many have questioned why McCaleb was allowed to hold on to his stake and cash out gradually instead of releasing all 5 billion of the tokens at once, which could have had an adverse effect on the price of XRP. 
McCaleb has justified his decision to empty his XRP wallet by noting that his stake was, in effect, diluted after Ripple Labs issued new tokens to investors, and that „a slow, measured selloff“ was the most appropriate course of action. The selloff does not appear to have caused too much disruption to the price of XRP over the previous 8 years, with the currency’s price remaining relatively stable, despite the significant amount of tokens being sold by McCaleb. 
The proceeds from the sale of the XRP tokens will now be used to benefit charitable organizations, with McCaleb stating that he is „committed to helping those in need through financial support and open collaboration“. 
McCaleb’s decision to empty his XRP wallet after eight years demonstrates a commitment to efficient market conditions, as well as to using the proceeds of his holdings to benefit those in need. It is a prime example of how the financial gains of cryptocurrency can be used to support charities and other good causes.
]]></content:encoded>
</item>
<item>
<title>Celsius has finally filed for bankruptcy: Law Decoded, July 18-25</title>
<link>https://www.coinnewsdaily.com/celsius-has-finally-filed-for-bankruptcy-law-decoded-july-18-25/</link>
<dc:creator><![CDATA[coinnewsdaily]]></dc:creator>
<pubDate>Fri, 31 Mar 2023 09:27:36 +0000</pubDate>
<category><![CDATA[NFT]]></category>
<guid isPermaLink="false">https://www.coinnewsdaily.com/?p=148673</guid>
<description><![CDATA[Reducing your initial debt of $820 million to just $0.013 over a month can’t be easy. And, it’s hardly surprising that such a heroic dash has led Celsius to bankruptcy. Last week, the crypto lending platform voluntarily filed petitions for Chapter 11 reorganization after closing off the last of its decentralized finance (DeFi) debts owed […]]]></description>
<content:encoded><![CDATA[<img decoding="async" src="https://www.coinnewsdaily.com/wp-content/uploads/2022/07/Celsius-has-finally-filed-for-bankruptcy-Law-Decoded-July-18-25.jpg" />
<div data-v-28d77a7a="">
Reducing your initial debt of $820 million to just $0.013 over a month can’t be easy. And, it’s hardly surprising that such a heroic dash has led Celsius to bankruptcy. Last week, the crypto lending platform voluntarily filed petitions for Chapter 11 reorganization after closing off the last of its decentralized finance (DeFi) debts owed to Compound, Aave and Maker. 
Although a Chapter 11 bankruptcy allows a company to stay in business and restructure its obligations, and there are successful examples such as American Airlines, Delta, General Motors, Hertz and Marvel, some experts voice skepticism regarding Celsius’ chances to stay afloat. The proceedings could mean investors and customers of Celsius may not see their funds returned for the “foreseeable future,” similar to the fallout from the Mt. Gox hack in 2014, which is still ongoing.
And, the external legal pressure surely doesn’t help the platform. With the local Department of Financial Regulation (DFR) reminding users that the firm is not licensed to offer its services in the state, Vermont has become the sixth American state that issued a warning against Celsius. 
<h3>One point to Ripple in a case against SEC</h3>
The United States Securities and Exchange Commission (SEC) has suffered a blow in its case against Ripple after a U.S. judge denied its claims for attorney-client privilege regarding internal documents related to the Hinman speech. In denying the motion, U.S. Magistrate Judge Sarah Netburn called out the SEC’s hypocrisy in arguing that the speech — in which a former official Bill Hinman suggested Ether (ETH) was not security — was a personal matter for Hinman while also claiming it should be protected because he received legal advice from the SEC to confirm the commission’s policies.
Continue reading
<h3>Andorra is one step closer to its Digital Assets Act </h3>
A tiny European country nestled between France and Spain, Andorra, is swiftly moving to its crypto regulation framework — the respective Digital Assets Act was recently approved by the local government. Although cryptocurrencies are not legal tender in Andorra, and the Digital Assets Act makes no proposals surrounding means of exchange, the CEO of a local Bitcoin (BTC) business highlights that Andorra could adopt a Bitcoin standard, mining Bitcoin with renewable energy, taking on Bitcoin as a reserve asset and welcoming Bitcoin-centric companies from all around the world.
Continue reading
<h3>Cryptocurrencies are to become a “financial product” in South Africa</h3>
The South African Reserve Bank is set to introduce regulations next year that will see cryptocurrencies classed and treated as financial assets to balance investor protection and innovation. With more than six million people in the country having cryptocurrency exposure, regulation of the space has long been a talking point — it will allow the sector to be monitored for money laundering, tax evasion and terrorism financing. And, of course, to comply with global guidelines set out by the Financial Action Task Force (FATF).
Continue reading
<template data-name="subscription_form" data-type="law_decoded"/></div>
<a href="https://cointelegraph.com/news/celsius-has-finally-filed-for-bankruptcy-law-decoded-july-18-25">Source link </a> Celsius, a financial technology company known for revolutionizing the crypto lending market, has recently reported its filing for bankruptcy. The filing took place on July 20th in the Southern District of New York.
What began in 2017 as a thriving project focused on connecting the crypto assets its customers held with institutional lenders in a secure environment has now ended with the company receiving a bankruptcy declaration. It seeks to liquidate assets held as part of its Chapter 11 proceeding.
The filing served to protect the remaining assets of the firm, including the money of customers who still held debts with the now bankrupt Celsius. While it’s possible that not all debts can be repaid, customers may still be eligible to receive some of the debt payments owed them.
Various reports indicated that a significant portion of the debt was related to developing additional product offerings, such as maintaining a slew of hosting and cloud-based services, in order to compete with the increasing competition in the space.
Celsius CEO Alex Mashinsky and members of the founding team released a statement to outline their plans for the future:
“We have taken the time and steps to avoid coming to this decision, but have been forced to enter a bankruptcy restructuring. We have the ability to control our own destiny and, with the help of dedicated professionals, we can seize the opportunity to continue our mission, while ensuring the best possible outcome for our stakeholders.”
Ultimately, the filing represents a difficult moment in the company’s history, but the team remains optimistic that it can still achieve its mission. Despite market uncertainties, the eventual liquidation of the company’s assets may allow for the repayment of some of the debt held by its customers. Time will tell how successful this endeavor can be.
]]></content:encoded>
</item>
<item>
<title>The ‘godfather of crypto’ risked lifetime in jail, laying foundation for Bitcoin – Cointelegraph Magazine</title>
<link>https://www.coinnewsdaily.com/the-godfather-of-crypto-risked-lifetime-in-jail-laying-foundation-for-bitcoin-cointelegraph-magazine/</link>
<dc:creator><![CDATA[coinnewsdaily]]></dc:creator>
<pubDate>Fri, 31 Mar 2023 09:27:16 +0000</pubDate>
<category><![CDATA[NFT]]></category>
<guid isPermaLink="false">https://www.coinnewsdaily.com/?p=149488</guid>
<description><![CDATA[Widely credited as the inventor of digital cash, David Chaum is sometimes known as the “father of online anonymity” or the “godfather of cryptocurrency,” whose work inspired the near-mythical group called the Cypherpunks from which Bitcoin emerged. Beginning his studies in computer science in the late 1970s, when encryption was classified at the same level […]]]></description>
<content:encoded><![CDATA[
<div>
Widely credited as the inventor of digital cash, David Chaum is sometimes known as the “father of online anonymity” or the “godfather of cryptocurrency,” whose work inspired the near-mythical group called the Cypherpunks from which Bitcoin emerged. 
Beginning his studies in computer science in the late 1970s, when encryption was classified at the same level as nuclear technology, Chaum quickly realized that the technology would be crucial to ensure the continuation of privacy and democracy in the digital age. More recently, he founded xx Network, a privacy-focused blockchain whose connected xx Messenger Chaum hopes will withstand attacks even by quantum computers of the future.
“The National Security Agency was taking the position that cryptography was born classified, even if you created it yourself — like nuclear weapons technology,” Chaum recalls. He was told around 1980 that conferences on the subject would naturally not be allowed and that “people who organize them would be prosecuted.” 
Cryptography, encryption, cypherpunks, xx Network, xx Messenger, xx Coin, privacy, quantum computing, Ecash, DigiCash, democracy, Hannu Nurmi — “I was risking spending the rest of my life in jail,” he says.
 
 
<figure id="attachment_12786" aria-describedby="caption-attachment-12786" style="width: 602px" class="wp-caption aligncenter"><img loading="lazy" decoding="async" loading="lazy" class=" wp-image-12786" src="https://www.coinnewsdaily.com/wp-content/uploads/2022/07/The-‘godfather-of-crypto-risked-lifetime-in-jail-laying-foundation.jpg" alt="David Chaum" width="602" height="339" /><figcaption id="caption-attachment-12786" class="wp-caption-text">David Chaum was 10 years ahead of the Cypherpunks in his understanding of cryptography and digital privacy.</figcaption></figure>
 
 
<h4>Cyberwar</h4>
Encryption has long been of vital importance in warfare, and the Allies breaking the cipher of the Enigma machine and decoding the Nazis’ secret messages changed the course of World War II.
Afterward, the United States government regulated cryptography as a military munition alongside nuclear technology. The 1976 invention of public key encryption, which allowed information to be shared between two parties without a mutual encryption and decryption key, which could not be cracked or intercepted, took away governments’ monopoly on the technology. The cat was out of the bag, as they say.
As a computer science graduate student at the University of California, Berkeley in 1977, Chaum, now 67, recalls how he “started thinking how important privacy would be for the upcoming digital world” and, by extension, for democracy. 
 
 
 
 
Privacy was the default state in those analog days, with surveillance such as listening to conversations, intercepting mail or searching for records requiring active and concentrated effort. With digitalization, surveillance no longer needed to be active, as data could be more easily searched, cross-referenced and stored for later use. Chaum came to the “fundamental realization that cryptography was the only way to protect privacy in cyberspace,” he recalls.
“That’s when I realized it was important to organize a conference on cryptography,” he says with a laugh, fully recognizing the absurdity. The result was the International Association for Cryptologic Research, which continues to organize conferences several times a year. “I called it crypto — the conference was called Crypto 81,” he notes. 
 
 
<figure id="attachment_12770" aria-describedby="caption-attachment-12770" style="width: 604px" class="wp-caption aligncenter"><img loading="lazy" decoding="async" loading="lazy" class="wp-image-12770" src="https://www.coinnewsdaily.com/wp-content/uploads/2022/07/1658326282_612_The-‘godfather-of-crypto-risked-lifetime-in-jail-laying-foundation.jpg" alt="ecash" width="604" height="396" /><figcaption id="caption-attachment-12770" class="wp-caption-text">The first cryptocurrency team, Ecash, circa 1994. Source: chaum.com</figcaption></figure>
 
 
He was the first person to describe cryptographic money in his 1983 paper, “Blind signatures for untraceable payments,” which led to the creation of short-lived Ecash by his company DigiCash from 1995 to 1998, as well as the invention of blind signatures, a type of digital signature used in Bitcoin and other cryptocurrencies.
It is notable that some cryptographers, such as Matthew D. Green, have aired grievances with the word “crypto” coming to stand for, and even being soiled by, cryptocurrency, thus disrespecting its original meaning of “encryption.” 
Chaum takes the opposite view. “It’s so exciting to me because it’s bringing what was an archaic, esoteric, highly technical, mathematical, possibly classified technology area into widespread appreciation, so on contrary, I’m happy” to see the word “crypto” get new life.
 
 
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">
“Crypto” means cryptography. Not that other thing. https://t.co/yaLOOCyx8d
— Matthew Green (@matthew_d_green) <a href="https://twitter.com/matthew_d_green/status/933763963564843021?ref_src=twsrc%5Etfw" data-wpel-link="external" target="_blank" rel="nofollow external noopener noreferrer">November 23, 2017</a>
</blockquote>
 
 
<h4>Backed by privacy</h4>
Among the most remarkable aspects of Chaum’s work is that his 1985 paper “Security without Identification: Transaction Systems to Make Big Brother Obsolete” is credited as providing the spark from a privacy-focused group in 1992 that began calling themselves the Cypherpunks. Princeton’s Arvind Narayanan wrote about the group:
“[This movement], which originated in the late ’80s, took Chaum’s ideas and ran quite far with them in terms of rhetoric—in an explicitly subversive direction. For cypherpunks, crypto was at the core of a vision of how technology would cause sweeping social and political change, weakening the power of governments and established institutions… Anonymous digital cash, one of the key parts of Chaum’s proposal, by itself has political significance in that it offers an alternative to government-backed currencies.”
After several unsuccessful attempts at digital cash by various members of the Cypherpunks, the Bitcoin white paper by Satoshi Nakamoto emerged in 2008. He was soon contacted by fellow member Hal Finney, who went on to receive the first Bitcoin transaction on Jan. 9, 2009. As such, Chaum is appropriately labeled the godfather of cryptocurrency.
 
 
 
 
But Chaum wants to go further with private, uncrackable payments. In order to have real privacy in the modern age, Chaum explains that actions must be un-linkable both to the individual (vertical un-linkability) and to each other (horizontal un-linkability), meaning that individual actions must exist within a data vacuum of sorts. Unlike PayPal or credit cards, cryptocurrencies like Bitcoin and Ether are not directly linked to the real identities or IP addresses of users — the transactions themselves are, however, linked to each other, and publicly so.
To have real privacy in payments, Chaum reasons, “you need to use a different pseudonym with each entity you interact with,” so as to ensure that nobody can keep a dossier on a particular anonymous identity. Taking the next step from privacy coins such as Monero and Zcash, Chaum’s xx Network is working on xx Coin to enable quantum-resistant private payments.
 
 
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">
„The difference between a bad electronic cash system and a well-developed digital cash will determine wether we will have a dictatorship or a real democracy.“ Crypto pioneer David Chaum in 1996 <a href="https://twitter.com/hashtag/bitcoin?src=hash&ref_src=twsrc%5Etfw" data-wpel-link="external" target="_blank" rel="nofollow external noopener noreferrer">#bitcoin</a> <a href="https://t.co/jiNh9TCqsf" data-wpel-link="external" target="_blank" rel="nofollow external noopener noreferrer">pic.twitter.com/jiNh9TCqsf</a>
— BankSith Lord (@renegruner1) <a href="https://twitter.com/renegruner1/status/1548944466484072448?ref_src=twsrc%5Etfw" data-wpel-link="external" target="_blank" rel="nofollow external noopener noreferrer">July 18, 2022</a>
</blockquote>
 
 
<h4>A vision for governance</h4>
Chaum is clear in his belief that “the only effective way to maintain any level of privacy is to control the information with your own keys” and goes on to explain that continuous government leaks suggest that any information entrusted with others can become public at any time. 
<blockquote class="pullquote align-center">
“All those leaks are forever, and they can be aggregated and amalgamated.”
</blockquote>
Unlike the criticism leveled at the Cypherpunks he inspired, Chaum denies being an ideologue, saying his views are based on practicality, as people need to have a credible assurance of privacy.
Chaum argues that privacy, over the long term, is critical for a functional democracy because “you cannot be a citizen of a democracy without the ability to communicate freely,” bringing up a story about how when coffee was introduced in Europe around the time of the enlightenment, it was hated by kings as it encouraged people to spend their evenings discussing politics.
 
 
 
 
Having a “private sphere of communication,” he argues, is the pivotal distinction between China and the West and that payments are a fundamental form of communication. A stable democracy, therefore, requires the ability to pay anonymously according to Chaum — something that has traditionally been the case with cash.
“Did you know that every single banknote is traced from the teller desk to the ATM machine in China?” he notes. The Chinese government has introduced the digital yuan to get a panopticon-style view of every last payment.
Despite all the attention on cryptocurrency, Chaum seems far more excited about blockchain as a mechanism of future governments. Armed with a confidently deep understanding of political history, he dives into a lecture.
“We’ve had civilizations we know of for 6,000 years,” he begins, saying that they gained traction when they were able to exercise public policy but naturally became failed states and flipped to autocracy largely because of the difficulty of finding intelligent people to do the government’s work while resisting the temptation of corruption. “If democracy fails to govern effectively, it gets kicked out,” he says, somberly opining that the west appears to be heading toward such a phase.
 
 
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">
Join me in welcoming the xx messenger – truly a dream come true! A big thank you to all the hard work from the team at xx labs for making this vision a reality. https://t.co/zbIFxWEyu8
— David Chaum (@chaumdotcom) <a href="https://twitter.com/chaumdotcom/status/1486412987598471168?ref_src=twsrc%5Etfw" data-wpel-link="external" target="_blank" rel="nofollow external noopener noreferrer">January 26, 2022</a>
</blockquote>
 
 
Citing University of Turku political scientist Hannu Nurmi, he reasons that direct democracy, a system in which voters vote on issues directly without the use of elected representatives and which was used in ancient Athens, is the only way to make democracy sustainable. Such a system became infeasible as societies grew beyond the city-state, but Chaum believes that the advent of smartphones and cryptography make the ancient system workable once again after 2,500 years.
In practice, Chaum envisions the reemergence of Athenian democracy using a randomly selected sample of the population to vote on specific issues using their private keys in a way that he believes would root out the potential for corruption. A natural problem, however, would center around the media, which is immensely powerful in shaping political opinions of the would-be voters.
“That type of democracy can scale to the complexity of modern civilization — no other system can,” Chaum asserts. 
<blockquote class="pullquote align-center">
“Nation states are proving to be somewhat dysfunctional — I’d much rather see a sort of global democracy if there was a way to make it fair in a poly-cultural and more diverse environment, which I think I’ve found.”
</blockquote>
It shows that blockchain outside of government is a very important step” toward such a new order, he says. Such ideas admittedly come across as rather grandiose and utopian in bringing back memories of a curious experiment in blockchain governance on a Thai island, but the name behind the vision commands one to envision where it could lead in 50 years’ time.
 
 
 
 
<h4>Quantum threats</h4>
Chaum is taken aback by the success of cryptocurrency’s proliferation since the publication of the Bitcoin white paper. “The fact that these economic instruments succeeded to be outside the control of governments is a profound thing,” he says. He is, however, no fanboy of the crypto order as it stands, seeing many shortcomings from privacy to vulnerability to quantum computing. “Bitcoin is not a digital currency — it’s something else right now,” he says.
“Part of the reason I decided to launch my own project was that I sat in on an early Ethereum 2.0 meeting,” he recalls, coming to the view that “it was not likely to happen in a good way any time soon.” 
Chaum founded xx Network in 2016, which he describes as a quantum-secure blockchain. “The first phrase of Satoshi’s white paper is ‘a digital currency’ — that’s me, right?” he says referring to his invention of the concept itself. In his opinion, both Bitcoin and Ethereum “are a little jammed up” and fail to live up to the functional title of a “digital currency.” They also face an existential threat from quantum computing, which some believe could arrive by 2030.
“There’s a bunch of ways you can use quantum computing to either steal money or damage the consensus unless both are hardened in this way,” he asserts, referring to the quantum-hardened nature of his xx Network.
<blockquote class="pullquote align-center">
“The kind of encryption used by Bitcoin and Ethereum can be easily broken by a reasonably large quantum computer in seconds.” 
</blockquote>
Many cryptocurrency enthusiasts believe that no such computer exists or is likely to come around anytime soon, but Chaum points out that “people who have machines that can break other people’s codes find a lot more advantage in keeping that a secret than in announcing it,” again using history to demonstrate his point with the fact that the Allies allowed German U-boats to sink passenger ships in order to prevent giving away that they had broken the Enigma Code.
 
 
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">
What so many people in the <a href="https://twitter.com/xx_network?ref_src=twsrc%5Etfw" data-wpel-link="external" target="_blank" rel="nofollow external noopener noreferrer">@xx_network</a> community have been waiting for, is finally going to happen at the end of July… <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f4c8.png" alt="📈" class="wp-smiley" style="height: 1em; max-height: 1em;" /><img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f440.png" alt="👀" class="wp-smiley" style="height: 1em; max-height: 1em;" /> For those who don’t know xx network, it’s a privacy focused bc/ecosystem founded by THE cryptography OG David Chaum. Start here: https://t.co/aFxIaero9L
— Philipp Weber (@PhilippWeber_) <a href="https://twitter.com/PhilippWeber_/status/1547579836268326914?ref_src=twsrc%5Etfw" data-wpel-link="external" target="_blank" rel="nofollow external noopener noreferrer">July 14, 2022</a>
</blockquote>
 
 
Be calm and don’t panic just yet. According to The New Scientist, “calculations show [quantum computers] would need to be a million times larger than those that exist today” in order to crack Bitcoin. Cointelegraph recently reported on an MIT Tech Review report that asserts that such threats are many years away and a successful quantum attack “is akin to trying to make today’s best smartphones using vacuum tubes from the early 1900s,” according to physicist Sankar Das Sarma.
If such a quantum capability did exist, it is difficult to imagine who could resist the temptation of declaring oneself Satoshi or his predecessor after effortlessly cracking the private keys to the estimated 1 million BTC mined by Nakamoto.
 Read more: 6 Questions for David Chaum 
 
<blockquote class="wp-embedded-content" data-secret="ltx97BX0kh">
6 Questions for David Chaum of XX Network
</blockquote>
<iframe class="wp-embedded-content" sandbox="allow-scripts" security="restricted" title="“6 Questions for David Chaum of XX Network” — Cointelegraph Magazine" src="https://cointelegraph.com/magazine/2021/12/19/6-questions-for-david-chaum-of-xx-network/embed#?secret=ltx97BX0kh" data-secret="ltx97BX0kh" width="500" height="282" frameborder="0" marginwidth="0" marginheight="0" scrolling="no"></iframe>
 
 
 
 
</div>
<script async src="//platform.twitter.com/widgets.js" charset="utf-8"></script> 
 <a href="https://cointelegraph.com/magazine/2022/07/20/crypto-godfather-risked-jail-lifetime-lays-foundations-digital-money">Source link </a> It has been said that Satoshi Nakamoto is the “godfather of cryptocurrency”, and certainly the work of this anonymous figure, who to this day has kept his identity a secret, has changed the landscape of finance and economics. But, who is Satoshi Nakamoto and how has he laid the foundation for Bitcoin and other cryptocurrencies?
Satoshi Nakamoto is the pseudonym of the person or persons that created the Bitcoin protocol, which is the technology behind Bitcoin that allows for the secure, peer-to-peer transfer of value. This breakthrough invention was released in 2009 to a small circle of experts in the technology industry and has since become the granddaddy of digital currencies.
Satoshi Nakamoto laid the foundation for Bitcoin by transforming peer-to-peer technology from its early stages into a sophisticated digital payments system. He understood that cryptocurrencies, such as Bitcoin, must have the ability to do more than just send and receive money; they must also have security and anonymity built-in. The Bitcoin protocol that Nakamoto created relies on complex algorithms to create blockchain-based digital ledgers that are almost impossible to hack and highly secure.
The level of risk taken by Satoshi Nakamoto to remain anonymous and provide an unrivaled financial system that is totally outside of the control of central banking systems and governments shouldn’t be underestimated. Had it been discovered that he was the creator of Bitcoin, he could have faced a lifetime in jail or worse. Yet, his desire to see a new system of financial empowerment that freed people from the grip of traditional banking institutions and governments has been paramount to the success of cryptocurrencies.
The ‘godfather of cryptocurrency’, Satoshi Nakamoto, took a major risk and laid the foundation for Bitcoin and other cryptos. His technology, and the potential of a better financial future it provides, is evident in the over 10,000 digital coins and tokens trading every day on blockchain-based exchanges. His vision of a decentralized, democratic, and independent way of sending and receiving money has been made real and will no doubt continue to revolutionize finance and economics for the years to come.
]]></content:encoded>
</item>
<item>
<title>SEC objects to XRP holders aiding Ripple defense</title>
<link>https://www.coinnewsdaily.com/sec-objects-to-xrp-holders-aiding-ripple-defense/</link>
<dc:creator><![CDATA[coinnewsdaily]]></dc:creator>
<pubDate>Fri, 31 Mar 2023 09:26:54 +0000</pubDate>
<category><![CDATA[NFT]]></category>
<guid isPermaLink="false">https://www.coinnewsdaily.com/?p=149793</guid>
<description><![CDATA[The Securities and Exchange Commission (SEC) is attempting to block XRP holders from aiding in Ripple’s defense, and prohibit attorney John E. Deaton from any further participation in proceedings. In its official objection submitted on July 19, the regulator opposed the decision to recognize 1,746 XRP holders as „amici curiae“ along with attorney John E. […]]]></description>
<content:encoded><![CDATA[<img decoding="async" src="https://www.coinnewsdaily.com/wp-content/uploads/2022/07/SEC-objects-to-XRP-holders-aiding-Ripple-defense.jpg" />
<div data-v-28d77a7a="">
The Securities and Exchange Commission (SEC) is attempting to block XRP holders from aiding in Ripple’s defense, and prohibit attorney John E. Deaton from any further participation in proceedings. 
In its official objection submitted on July 19, the regulator opposed the decision to recognize 1,746 XRP holders as „amici curiae“ along with attorney John E. Deaton. 
Amici (plural: amici curiae) means “friend of the court” — an individual or organization not a party to a legal case but is permitted to assist a court by providing information, expertise, or insights. In this case, in support of Ripple’s defense. 
Deaton has 3,252 affidavits signed by the token holders essentially stating that they are victims of the SEC’s attack on Ripple as a result of lost profits.
Holders claim in the affidavits that they either did not assume legal responsibility for purchasing XRP, they bought the tokens for utilitarian purposes instead of investment purposes, or they did not buy based on promises made by the company and its representatives.
However, in its objection to XRP holders, the commission claimed that they are attempting to operate outside of strictly legal issues. The SEC wrote:
<blockquote>“Movants do not propose briefing on legal issues. Instead, they wish to present arguments based on 3,252 affidavits “attesting” to certain facts.”</blockquote>
The commission has cited alleged threats by Deaton against former SEC Chairman Jay Clayton as reasoning to dismiss him as amicus. The SEC included a redacted letter dated June 7 to Judge Torres that cites a YouTube video from 2021 in which Deaton stated he “might have to walk over and slap the [profanity] out of former SEC Chair Jay Clayton.”
The XRP holders and Deaton as amici are required to submit a public reply to the SEC’s objection by July 25. 
Ripple is a blockchain company that issues the XRP token. The SEC has alleged in an ongoing court case which started in 2020 that Ripple and its executives Brad Garlinghouse and Christian Larsen sold XRP as unregistered securities.
<h3>Deaton queries SEC’s treatment of McCaleb</h3>
Meanwhile, Deaton has claimed that the SEC has been inconsistent with its application of the law against Ripple, Garlinghouse, and Larsen. In a July 19 thread on Twitter, the lawyer explained that if the SEC truly thought XRP was a security, it would have filed an injunction against Ripple and issued a cease and desist order against the two executives and Jed McCaleb from selling their tokens.
<blockquote class="twitter-tweet">
The SEC claims <a href="https://twitter.com/hashtag/XRP?src=hash&ref_src=twsrc%5Etfw">#XRP</a> itself is a security and anyone who sells it is violating Section 5 of the Securities Act. The SEC claims <a href="https://twitter.com/Ripple?ref_src=twsrc%5Etfw">@Ripple</a> <a href="https://twitter.com/bgarlinghouse?ref_src=twsrc%5Etfw">@bgarlinghouse</a> & <a href="https://twitter.com/chrislarsensf?ref_src=twsrc%5Etfw">@chrislarsensf</a> “enriched” themselves at the expense of investors and it is seeking $1.3B in disgorgement from these defendants. https://t.co/9nJ1iNroth
— John E Deaton (207K Followers Beware Imposters) (@JohnEDeaton1) <a href="https://twitter.com/JohnEDeaton1/status/1549143190703407107?ref_src=twsrc%5Etfw">July 18, 2022</a></blockquote>
The outcome of this case could determine whether XRP is a security. If the judge rules in favor of the SEC, it could be the precedent the commission needs to pursue legal action against other crypto projects that sold tokens similarly to Ripple.
<template data-name="subscription_form" data-type="law_decoded"/></div>
<script async src="//platform.twitter.com/widgets.js" charset="utf-8"></script> 
 <a href="https://cointelegraph.com/news/sec-objects-to-xrp-holders-aiding-ripple-defense-moves-to-prohibit-lawyer">Source link </a> On Wednesday, the United States Securities and Exchange Commission (SEC) filed a motion in court, objecting to an $80 million XRP holder-pledged effort to help fund Ripple’s defense against SEC’s lawsuit.
The SEC’s lawsuit, which was filed December 22nd, 2020, accuses Ripple of conducting unregistered securities sales of its XRP digital asset, totaling $1.3 billion. Ripple, the company behind the XRP coin, denied the allegations, calling them “an attack on the entire crypto industry” and vowing to vigorously defend itself in court.
As a result of Ripple’s defense efforts, a group of XRP holders launched a fundraising campaign to help cover Ripple’s legal expenses. The group has pledged to raise $80 million through individual contributions and prepayment of a portion of the XRP token sales. This act, however, has prompted the SEC to object.
In its motion filed in the United States District Court for the Southern District of New York, the SEC has stated that it objects to the sourcing of funds for Ripple’s legal defense from XRP holders. According to the SEC, allowing unlimited contributions from XRP holders to support the defense would “undermine the corporate governance of Ripple” and would erode the SEC’s ability to collect any damages due from Ripple.
The SEC’s motion goes on to suggest that funds generated from the XRP sale should be set aside in an escrow account, despite Ripple’s insistence that the money should be used to pay for its defense. Ripple’s analysis and interpretation of securities laws are at the heart of the SEC’s lawsuit, and the SEC believes that funds that would otherwise be available to benefit XRP holders should not be used to support Ripple’s argument.
Ultimately, the court will decide what happens with the $80 million pledged by XRP holders to fund Ripple’s defense. If granted, the SEC’s motion is likely to prevent the funds from being utilized in any way that would benefit Ripple. At the same time, XRP holders will be barred from using the money to support Ripple’s legal defense. 
Suffice it to say, neither Ripple nor XRP holders are likely to win this legal battle.
]]></content:encoded>
</item>
</channel>
</rss>

If you would like to create a banner that links to this page (i.e. this validation result), do the following:

Download the "valid RSS" banner.
Upload the image to your own server. (This step is important. Please do not link directly to the image on this server.)
Add this HTML to your page (change the image src attribute if necessary):

<a href="http://www.feedvalidator.org/check.cgi?url=https%3A//www.coinnewsdaily.com/feed/"><img src="valid-rss-rogers.png" alt="[Valid RSS]" title="Validate my RSS feed" /></a>

If you would like to create a text link instead, here is the URL you can use:

http://www.feedvalidator.org/check.cgi?url=https%3A//www.coinnewsdaily.com/feed/

Home · About · News · Docs · Terms