tl;dr

There are more global moves we should be paying attention to. Here is what is on my mind today.1. Everyone is tripping over a co-founder stepping down from Polygon. After a 6-year run Jaynti Kanani decided to step down. Don't get your bloomers in a bunch. Polygon is still running strong. In a statem...

There are more global moves we should be paying attention to. Here is what is on my mind today.

1. Everyone is tripping over a co-founder stepping down from Polygon. After a 6-year run Jaynti Kanani decided to step down. Don't get your bloomers in a bunch. Polygon is still running strong. In a statement, he said will continue to be involved but will “from the sidelines.” We should have known this was coming since Sandeep Nailwal has been the face of the company for some time. As a business owner, sometimes you just get a feeling that it is time to wind down. Thanks for everything Jaynti! We've been told that POL is coming. Well, POL smart contracts have been released on the Goerli testnet. There was also two Polygon improvement proposal (or PIPs as they are known as) released. Clearly Polygon is full steam ahead and I am here for it.

2. Apparently the Bank of England is not perfect after all. Yes, even this famed institution can make mistakes. After a recent data discrepancy was found when calculating the Purchasing Managers’ Indices (PMIs), people are wondering if the data misstep affected the BoE's rate hike decision. The BoE had early access to possibly flawed PMI data previous to the decision.

3. I know that China is anti-crypto, but Hong Kong is quite blockchain friendly. The Hong Kong Stock Exchange has launched a new blockchain-base settlement platform that will allow traders in Hong Kong to trade stocks in China. The exchange says the new platform will bring increased transparency and speed up the settlement process. Additionally, Hong Kong’s Securities and Futures Commission (SFC) has introduced a framework for the tokenization of investment assets. These are some very big moves.

4. It looks like Worldcoin is facing some serious heat in Kenya. I know they have had some good news coming out of Chile, but their Kenyan problem has been brewing for some time. Now there are lawmakers that are calling for the complete shutdown of the project in their country and also calling or digital asset regulations. I am not a fan of the project because I think it can obliterate personal freedoms.

5. Warner Music's Chief Digital Officer, Oana Ruxandra, who played a pivotal role in advancing the company's NFT and AI initiatives, has resigned. The breakup was amicable, the exact reasons remain unspecified. Given the label's current CEO is former YouTube executive, I am expecting Warner to continue embracing emerging technologies. I think NFTs are the way to go and hope the label doesn't walk away from the idea altogether.

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 22 Dec 24
 22 Dec 24
 22 Dec 24