Highlights: Binance invests in a decentralized bank, a correction to yesterday’s story about Ian Balina, and the founder of the World Wide Web seeks reclamation of his vision.
Binance Backs Decentralized Bank in Malta
Source: Bloomberg
Binance and other investors have announced plans to create the “world’s first” (editor’s note: if you don’t stop abusing that phrase, I’m going to take it away from you) decentralized bank, owned by cryptocurrency holders. Binance has a 5% stake in the project, called Founder’s Bank, which will be developed in Malta, pending proper permits and regulatory approvals.
Bancor Back Online
Source: Twitter
Bancor is live again - wait, no, down - no - wait - okay, yes, it’s back up once again following a hack earlier this week, and will “gradually be adding tokens” back to the service. They still have not provided details on what actually happened.
Robinhood adds Litecoin, Bitcoin Cash...
Source: Robinhood
LTC and BCH are now available on the Robinhood cryptocurrency exchange. Robinhood is currently available in 17 U.S. states, with plans to expand their availability and their coin offerings in the future.
...and Possibly A Wallet, Soon
Source: Robinhood
Robinhood also has plans for an upcoming wallet, although it has not specified a timeline. Currently, customers can only buy and trade on the exchange, not withdraw or transfer assets.
Tether Hires Canadian Bank Manager as CCO
Source: Tether
Tether has appointed Leonardo Real, a former AML Quality Control Manager for the Bank of Montreal, as its new Chief Compliance Officer. Real will focus on regulatory compliance, security, and transparency protocols for the foundation.
Partnership: NULS & Bitmain
Source: Twitter
NULS, an enterprise blockchain solution, has partnered with ASIC manufacturer Bitmain, announced via Twitter. The partnership will focus on developing cross-chain technology.
Fujitsu Launches Business-Consulting Business
Source: The Register UK
Does your idea suck? For just $10,000, Japanese tech giant Fujitsu will let you know! Fujitsu has launched a business consulting service for blockchain startups, promising to evaluate the viability of their product in 5 days or less. Pithy comments aside, this sounds like a useful service. Their “proof-of-business” approach will focus on common misuses and poor implementations of blockchain technology, such as a company looking to it as a database alternative rather than a core process reengineering.
Ian Balina: Continuation, and Correction
Source: Steemit
Yesterday we reported on Ian Balina’s reportedly “hacked” account and the documentation that seemed to contradict his story. Our focus was on the QuarkChain wallet, which we have learned was not the relevant account. Balina’s Mainframe account is the one in question. So, the date confusion from yesterday’s report - that his claim that he bought in before the hack did not seem to be supported - has been resolved. Well, mostly - Ian still hasn’t offered any proof that he bought in before the hack, such as a transaction - but there is also no contradictory evidence.
WWW Founder Aims to Take the Web Back
Source: Vanity Fair | MIT
The creator of the World Wide Web is working on a way to re-decentralize it. Tim Berners-Lee is working on a new platform called Solid, which he describes as a way for users to truly control their own data and who accesses it - taking that power away from centralized corporations - via a modular, decentralized design. The project was featured in a recent issue of Vanity Fair, linked above, in which Berners-Lee seems to hold himself, as creator, accountable for the exploitation of users and their data as the web has become less democratized.
The Solid project is aimed at social application use cases. It has an abbreviated roadmap on its website and is open-source; Berners-Lee invites anyone to use and help develop it.
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Written content adapted by @thepinkfreudian.
On Tether: A couple of weeks ago they also had a law firm [Freeh, Sporkin & Sullivan LLP ("FSS”)] audit their USD holdings. The firm stated that USD holdings exceed USDT in circulation.
You might have told us about it in your earlier episodes, I don't remember that :)
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Yup, but they were criticized for not using an accounting firm and not delivering a real "audit" as promised. I'm hoping it's different with this group.
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