5 Years Ago

Does it matter that the cost of using Ethereum continues to rise?

2 min video about the rising cost of Gas on the Ethereum Blockchain — https://youtu.be/MIMCpguL8Iw

The cost of using the Ethereum Blockchain i.e. the cost of Gas has been increasing and potentially according to Vitalik is undermining the security of the Ethereum Blockchain.

Ethereum has many ways has been a victim of its own success as many of the ICOs and STOs have been launched on the Ethereum Blockchain and as these organisations start to gather adoption, they are creating demand to use the Ethereum Blockchain and therefore the gas price.

There surely has to be...

Can anonymous data and/or credit card spending help prevent the worst from the next pandemic?

 
The cost of zoonotic epidemics is inordinate, with the International Monetary Fund predicting that COVID-19 alone will cause the global economy to contract by 3% in 2020, wiping out $9 trillion in productivity through 2021. Yet, even in the two decades before the present pandemic, the World Bank estimated direct costs from zoonotic diseases to be more than $100 billion.

COVID-19 is the first global pandemic arriving in an era when nearly the entire population can be tracked in real time, thanks to the ubiquity of smartphones...

Digital asset infrastructure in USA takes a significant step forward

2 min video about how the US treasury are embracing crypto currencies and telling American banks that they ought to be offering custody services for cryptos — https://youtu.be/FAF-LVOX8aQ

The Office of the Comptroller of the Currency (OCC), regulates, and supervises US banks and federal savings associations as well as federal branches and agencies of foreign banks. It was established in 1863 OCC is an independent division of the U.S. Treasury.
Banks can now offer custody services to crypto currencies.
“From safe-deposit boxes to virtual vaults, we must ensure banks can meet the financial services needs of...

Malta — an offshore financial centre concerns over AML is, under the regulatory spotlight

2 min video about concerns over Malta’s AML standards https://youtu.be/vlpeD8E-4pQ


Malta was seen a Crypto friendly jurisdiction and thus attracted organisations looking to launch crypto projects a few years ago and it was claimed to be the first country to pass laws to regulate Crypto currencies.
It has a population of 450,000 enjoys corporation tax of 15% for foreign companies and numerous double taxation agreements, it was even possible to buy a Maltese passport thus gaining entry to the EU which it has been a member for since 2004.
However, will Malta...

The cost of zoonotic epidemics is inordinate, with the International Monetary Fund predicting that COVID-19 alone will cause the global economy to contract by 3% in 2020, wiping out $9 trillion in productivity through 2021. Yet, even in the two decades before the present pandemic, the World Bank estimated direct costs from zoonotic diseases to be more than $100 billion.




‘Zoonotic’ diseases - 60%+ of all known human infectious diseases.



Source: Foodsource.com

COVID-19 is the first global pandemic arriving in an era when nearly the entire population can be tracked in real time, thanks to the ubiquity of smartphones and social media. Toronto-based start-up, Blue Dot (which uses an AI-enhanced surveillance system) seems to have been the first to detect COVID-19 outbreak several hours after its insurgence in Wuhan, but well ahead of the Chinese authorities and other international institutions and agencies. COVID-19 has decidedly manifested itself as a data problem and, according to the Blockchain Research Institute, the establishment of a...


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In a rather bizarre twist, the US’s FBI has suffered a leak of its own data with the publication of hundreds of thousands of files. The files have been named ‘BlueLeaks’ and were published by Distributed Denial of Secrets (DDoSecrets).



DDoSecrets promotes itself as a “collective for transparency”, being described by some as an alternative to WikiLeaks. Emma Best, a journalist, reports, “It shows how law enforcement has reacted to the protests, it shows government handling of COVID, and it shows a lot of things that are entirely legal and normal and horrifying.” Part of the information leaked (assuming it was, indeed, a leak and not simply a ruse for the FBI to let the public know it is monitoring such nefarious activities) was details regarding the ‘washing’ of Cryptocurrencies via the dark web, such as Bitcoin in Panama. However, given the...


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