tl;dr
• Jack Dorsey hints at a DeSo integration• Ripple set to announce new NFT projects taking advantage of their $250M creator fund• Binance now being accused of voting with users' tokens in Uniswap governance• Singapore reaching out to South Korean fintechs to grow crypto business and adoption• UK intr...
• Jack Dorsey hints at a DeSo integration
• Ripple set to announce new NFT projects taking advantage of their $250M creator fund
• Binance now being accused of voting with users' tokens in Uniswap governance
• Singapore reaching out to South Korean fintechs to grow crypto business and adoption
• UK introduces bill to confer legal standing of digital documents used in international trade
• Delphi Labs' General Counsel, Gabriel Shapiro uploaded a copy of the hot-topic Digital Commodities Consumer Protection Act (DCCPA) draft
• CEO of Kraken, Jesse Powell, says retailers could avoid chargeback risks by accepting Bitcoin
As some people look to control social in the Cryptoverse, people are becoming more wary. Here is what is on my mind today.
1. Yesterday I told you about Jack Dorsey's AT protocol. Well , now he is hinting that there may be an integration with Coinbase-backed DeSo coming. DeSo released their roadmap, too. Isn't that just what we need, more centralized services from people that focus on directing you to what they want you to see. Twitter, Facebook, Instagram, and now Parler are all owned by or are about to be owned by people whose interests don't necessarily align to the coming decentralized Cryptoverse.
2. Proof that Ripple is moving past the SEC debacle, they are about to introduce a bunch of projects that were able to take advantage of their $250M creator fund. If you have not done your research on XRP, you may want to do so.
3. Binance is taking more heat for allegedly using users' tokens to vote on Uniswap governance. I just told you about that bombshell article in Reuters alleging that Binance did a bunch of shady things to avoid scrutiny from regulators around the world like the SEC. Now this? Let's run with the idea Binance is innocent of voting with user tokens. Just how did you wind up in a position to even be accused? Looks like, smells like.
4. I am not a fan of centralized crypto exchanges. Take a look at Sam Bankman-Fried and FTX. Buddy is not suggestion that regulation should include 'sanctions, allowlists and blacklists'. The crypto community is up in arms over the very suggestion of his proposed centralized industry standards. I have to dig into it a bit more, but this is why I do not hold my digital assets using custodial services. I should do a quick video on that. Let me know if you would be interested!
5. Japan has tight restrictions on token listings, but are loosening them up for listing new tokens. Singapore is reaching out to South Korean fintechs that want to expand beyond their borders. While the US sleeps on transparent crypto regulation, other countries are making inroads with the burgeoning industry.
6. The UK introduced a bill that would confer legality on digital documents used in international trade. Dubbed the Electronic Trade Documents bill (I know, so creative), the bill seeks to give the digital documents similar legal stature as electronic lading and digital cargo insurance certificates.
7. Delphi Labs' General Counsel, Gabriel Shapiro uploaded a copy of the hot-topic Digital Commodities Consumer Protection Act (DCCPA). This version include a limited exception to the term "digital commodity trading facility" that would exclude people that solely develop or publish software. According to Mr. Shapiro, this could be a boon to DeFi/crypto. Apparently, this matter is still up for debate. Make note of this bill. I am sure it will start bubbling up even more.
8. Jesse Powell, Co-founder and CEO of Kraken, Says retailers should immediate adopt crypto to avoid chargebacks this holiday season. I had not even thought about that. WIth crypto the transaction is initiated from the purchaser's side and will not go through if they are short the necessary funds. Boom!