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Law Decoded: Dead Men Face No Charges, June 6-12

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Editor’s note: 

These are times strange enough that every conversation seems to include some verbal acknowledgment like “strange times, huh?” A quasi-anarchist police-free leftist separatist bubble has formed and is growing on Seattle’s Capitol Hill — a sentence that resembles a David Foster Wallace plot more than anything I ever anticipated treating as news. 

Both India and Russia have been hemming and hawing over long-discussed crypto bans, while the latter will be voting on controversial constitutional amendments allowing Vladimir Putin to extend his already 20-year term as president of the Russian Federation. This vote will reportedly be happening on a blockchain. Given Moscow’s recent history with elections, ingenious tampering is to be expected regardless. 

The U.S. is likewise facing major controversy over inept or even suppressed voting. With COVID-19 continuing to keep people at home and a presidential election later this year, the demand for remote voting has never been greater. 

Blockchain’s potential role in self-determination and distributing information has, consequently, flared up this past week. As Congress considers how it will prioritize privacy and autonomy in the technical implementation of a digital dollar, the New York Times aims to verify pictures from social media using blockchain to track metadata.

Pentagon squares up against simulated hackers working to earn BTC

The United States Department of Defense hosted a war game that incentivized young hackers to attack financial and government institutions and launder the money. The simulation rewarded the hackers in Bitcoin for their work starting a “Zbellion.”

The war game reportedly began in 2018 but is reflective of a broad and long-term strategy shift. Recent years have seen a radical pivot in the Pentagon’s overall focus. Despite the continued presence of active-duty soldiers in Iraq and Afghanistan, the folks at home have de-emphasized guerilla fighting and insurgencies. In their stead has come new training for great power conflict as well as cyber defense.

Cyber vulnerabilities have been thrust to the forefront of conversations about national security, especially after Russian interference in the 2016 election. Space Force is a good example of this as well — its most proximate goals will be protecting critical satellite infrastructure from hacks rather than building the Enterprise. 

Broadly, however, cyberinfrastructure has been an unspoken pressure point for a long time. America’s traditional military force remains the largest and best-funded in the world by a long stretch, but as more and more of the country goes online, adversaries can scan a wider range of undefended targets. Whether ominous or prescient, given current protests including a police-free “autonomous zone” growing in Seattle, this war game focused not on an external threat but an internal rebellion.

Congress unites around financial inclusion, but different visions for digital dollars

In a hearing on Thursday, the Congressional Fintech Task Force looked at new ways of structuring the relationship between the Federal Reserve and U.S. citizens. 

The conversation was remarkably amicable, with everyone seeming to agree on the need for new technology to clear out archaic financial pipelines that they had to use to distribute direct payments and loans for COVID-19 aid. 

Nothing is that simple, however. The flurry of legislation promoting a digital dollar in the wake of the CARES Act was indeed encouraging for those looking to see the U.S. implement blockchain technology to speed up the dollar while keeping it a proper bearer instrument — as private and uncensorable as cash, in other words. That is, however, a much more controversial proposition than letting people access a bank account at a post office. 

Predictions are a dangerous business, but odds seem good that Congress will push through a major rethinking of citizen accounts in the medium-term. But that could end up looking more like a wallet attached to a social security number, which might well absorb all the current momentum on the subject, leaving none for a true CBDC.

The fraud of the living dead 

Canadian exchange and ponzi scheme QuadrigaCX was the subject of one of the more salacious stories in the annals of crypto. This week, the Ontario securities regulator confirmed the exchange to be a fraud but concluded that it was impractical to press charges due to the death of its founder, Gerald Cotten. 

For those who have not been following the story, there is considerable uncertainty over Cotten’s fate. The version of events from his team was that he experienced catastrophic intestinal issues while volunteering at an orphanage in India on his honeymoon. 

The convoluted nature of this story, alongside the theft of some $170 million of investor funds, has led many to think Cotten’s death was in fact a hoax designed to shake off legal repercussions. One law firm actually requested a court to exhume Cotten’s body and perform an autopsy to prove his death. 

For now, however, Cotten has either done the seemingly impossible and disappeared in a digital world, or he is actually dead. 

Further reads: 

John Callas covers new technology for verifying smartphone user identities in Brookings’ TechStream. 

As Hong Kong and London teeter on the loss of access to critical financial markets, Michael Greenwald writes for Harvard’s Belfer Center on what that means for New York and the dollar

Vice’s Samantha Cole reports that PayPal and Venmo’s limits on transfers are stalling charitable payments intended to bail protestors out of jail.

Source: https://cointelegraph.com/news/law-decoded-dead-men-face-no-charges-june-6-12

Blockchain

Bitcoin-Themed NFT Card Set Launches On Anniversary Of Satoshi’s White Paper

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Bitcoin-Themed NFT Card Set Launches On Anniversary Of Satoshi’s White Paper

Bitcoin Origins, a series of non-fungible tokens based on the history of Bitcoin, will officially launch on October 31 at 10:31 AM PT. With the goal of creating awareness about Bitcoin, the highly scarce NFT collection will highlight the most significant moments in Bitcoin’s history. Bitcoin Origins has partnered with amazing artists to recreate at least 15 moments in Bitcoin history. Today marks the release of Moment 1, the Whitepaper Creation, with more to come.

“Bitcoin and every other crypto has a marketing problem,” said Jeremy Born, CEO of CoinGenius and co-founder of Bitcoin Origins. “NFTs are a way to solve that and help push the mass adoption of Bitcoin. We’ve created unique artistic assets with an educational dimension to arm people with the knowledge about why bitcoin was created, why it exists, and why it will thrive and flourish.”

When it comes to Bitcoin Origins, it’s all there: Satoshi’s whitepaper, the genesis block––you name it. Each moment will be a little bit different. Each new card will be released as its own block. The first release is a 1MB block containing one card and the chance of receiving a bonus “Death Card,” which pays homage to the exaggerated reports of Bitcoin’s demise. There will also be 2MB and 4MB blocks for purchase which will become available once the 1MB block is fully mined (sold out).

Paul Jenkins saw the potential in Bitcoin and artwork surrounding the world’s first digital currency, and so he joined the Bitcoin Origins team. Jenkins, who shaped many of the characters which helped lift Marvel Comics from Chapter 11 Bankruptcy, sees NFTs as a new medium for storytelling.

“Bitcoin Origin is not just a history of Bitcoin––it’s a game,” said Jenkins. And the value is in the community. That is what made Bitcoin work: the value was in people’s perception of it. With Bitcoin Origins and NFT, we’re breaking new ground. There are new ways we can tell stories, and NFTs are a new form of storytelling.”

Said Born: “This is about the artistic nature of the piece. People hold these at high value, because it is a very scarce and limited set and is truly like holding a piece of Bitcoin history.”

Anyone can join the Bitcoin Origins story and play for free and receive a free NFT by simply filling out this form.

About Bitcoin Origins

Bitcoin Origins is an exclusive collection of digital collectible cards immortalizing the most significant moments in Bitcoin history. These cards are intended for Bitcoin fans around the world who want to own a rare piece of Bitcoin history. You can join the community now on Telegram (https://t.me/BitcoinOrigins) and stay up to date at BTCOrigins.com.

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TRAMS DEX Propels Global Adoption of DeFi with Automated Market Maker (AMM) protocol

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TRAMS DEX Propels Global Adoption of Defi with Automated Market Maker (AMM) protocol, as Industry Leader VIP Guests, Global Participants, and Management Team concludes Webinar Session Marking a Successful First-Phase Launch.

 

VIP Speakers Unanimously Acknowledge Perfect Market Timing of TRAMS DEX in Decentralized Finance Industry, High Industry Growth Factors, Following 2 Hour-Long Launch Session.

The TRAMS DEX founder and senior management team today concluded a high-impact webinar session as an official launch of its Automated Liquidity Provider protocol, the first of three phases for TRAMS’ Decentralized Finance Business. Industry leader VIP guests and participating members pledge support for open finance and Defi for creating more access to financial products at much lower costs to anyone on demand.

The launch took place in District Singapore, Republic Plaza 9 Raffles Place with a Zoom Webinar hosting a global Defi community and TRAMS DEX protocol members/users community. The discerning VIP panels and participants from ranging continents stencil the much-needed change in the financial sector especially in traditional banking plagued with corruption and scandals where only a small closed and selected groups are the main beneficiaries.

The webinar introduces the protocol with its open finance principles and guides participants into the operations with these key points: TRAMS DEX is one of three key operations from the TRAMS ecosystem with the main operating principle of Decentralized Finance (Defi). TRAMS DEX is an Automated Liquidity Provider that enables better and faster user interactions with digital assets. With the innovation of the Automated Market Maker (AMM) solution, traders can easily exchange digital assets at any time with guaranteed market supplies from the liquidity pool without giving up the custody of their digital assets. As a decentralized exchange, TRAMS DEX is able to create open access opportunities for participation without discrimination and any controlling institution barrier.

At TRAMS.io, anyone with an Internet connection and a Web 3.0 wallet can gain access to liquidity where otherwise would be ineligible through traditional finance or banking. TRAMS DEX operates a Decentralized Exchange that offers three (3) impactful functions with a minimal user interface designed for clear navigation.

The first function, global liquidity access or buyable, sellable, or tradable market access. Users of the protocol can easily gain access to “constant” liquidity with a simple crypto assets swap function at a minimal cost of 0.3% transaction fee. Direct wallet connections are automated as well with a few simple clicks. All transactions are secured with blockchain encryptions and conducted on-chain with transaction data records automatically recorded for open access viewing on Ether can in real-time.

The second function, make money from idle assets. TRAMS DEX creates a money-making model for liquidity providers (LPs) on the platform. By supplying idle crypto assets to any pools listed on the protocol, the LP earns a profit share generated from the swapping fees on TRAMS DEX. The liquidity provider profit sharing is proportional to contribution. Profits are calculated at least once every twenty-four hours (24 hrs). True to open finance principles and Defi, participating LPs can withdraw their contribution at any time without any fee or penalty.

Thirdly, earn a high passive income. The TRAMS DEX incentive model lets participants earn high passive income in the form of yields, calculated in APY% (annual percentage yield), simply by staking (or depositing) its native token (TRAMS) on the platform. This encourages participants to remain active on the platform and better maintains constant liquidity reserve. This translates to double benefits for participating LPs, more profits are added on-top of the profit-sharing earning from staking LP tokens on TRAMS DEX.

TRAMS DEX is accessible constantly 24/7 to anyone globally. All associated costs of operations are kept very low and precise by utilizing automated smart contracts and AMM trading algorithms for trade executions and operations. Compared to traditional financial institutions and banks, TRAMS DEX provides better, cheaper, more accurate services.

Bryan Feinberg of Plato Data Intelligence, the Founder/CEO of Etheralabs, commented from New York City via Zoom video call with the support of blockchain as the fundamental architecture of TRAMS DEX and Defi space which offers high data security and transaction transparency for users. As a member of the Blockchain Venture Advisory, he believes Decentralized Finance such as TRAMS DEX has a high adoption rate and direct use case for blockchain applications.

Mamadou Toure, Forbes 10 Most Influential person in Africa and President/CEO of Ubuntu Capital Group, tributes TRAMS DEX for providing access channel to liquidity where traditional banking and capital access are limited to non-existent. He further acknowledged the opportunities TRAMS DEX would create for users world-wide to easily finance business initiatives.

Victor Kong, CEO of VK Capital Digital Funds Pte Ltd endorses William Tien, TRAMS DEX’ Founder/CEO, for his vision and ambition in creating a Decentralized Ecosystem starting with TRAMS DEX following by TRAMS Finance and TRAMS Assets, for phase 2 & 3, respectively, as an alternative to private equity funds for real estates and infrastructure projects with a portfolio size of 1-10 million USD. TRAMS DEX removes the high barrier to entry by drastically reducing mandatory due diligence costs of raising capital, which remains the same as a 50 million USD project. He also credits the intention of listing the ecosystem, TRAMS DEX included, on the London Stock Exchange via reverse IPO within 3-6 months.

 

 

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Self-Sovereign Decentralized Digital Identity

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Time & Date: Wednesday, Nov 4th, 2020
8:30 AM Eastern Standard Time

Speakers: Marco Aniballi (BlockBlox)
Luke Stokes (FIO, EosDAC)
Alex Puig (Caelum Labs)
Gordon Einstein (CryptoLaw Partners)
Sander de Bruijn (Crypto Entrepreneur)

Zoom Info: https://zoom.us/j/89200977541

 

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