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New opportunity: iVANKY, A Truly Optimized Dual 4K@60Hz MacBook Pro Docking – 2020-05-07

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Smart Vending Machine Maker Popcom Crowdfunds $1.3M

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Smart vending start-up Popcom raised millions to bring more of their vending machines as the demand for more contact-less retail solutions rises.

Popcom, led by Dawn Dickson and one of the few Black women-owned blockchain companies, crowdfunded $1.3 million in its latest funding round, according to Black Enterprise. So far, the company has raised a total of $2.3 million with the majority of investments done through Regulated CF security token offerings.

The company aims to grow its operations, build its team and add more of its vending machines. Popcom provides touchless vending machines that track transactions to create live sales and product reports. Their machines are distributed to retail sectors that are regulated like the pharmaceutical, alcohol, tobacco and cannabis sectors.

Cointelegraph reported that blockchain has opened paths for many people but the technology industry, in general, still has a long way to go in terms of diversity.

Source: https://cointelegraph.com/news/smart-vending-machine-maker-popcom-crowdfunds-13m

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As Ethereum 2.0 Mainnet Gets Ready to Launch, Co-founder Vitalik Buterin Admits Developers Overlooked Sharding, Proof of Stake Design Issues

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Vitalik Buterin, the co-founder of Ethereum (ETH), the world’s largest smart contract platform, recently admitted that he would have approached the ongoing development of Ethereum a lot differently if he started building it now from scratch.

Buterin, whose comments came during a recent episode of The Hashing It Out podcast, said that Ethereum’s developers would have focused more on how gas prices or costs are determined for powering ETH-based transactions.

He admitted that the blockchain platform’s developers “didn’t really do a good job of setting [gas rates] the beginning.”

He also noted that Ethereum developers underestimated just how much time it would take to complete many things, which they didn’t begin working on, like they should have, in 2015.

Buterin specifically mentioned that his team didn’t focus as much as they should have on developing proper proof-of-stake (PoS) consensus models and they should have also worked more on sharding (another potential scalability solution).

The Russian-Canadian programmer remarked:

“Had we known that it would end up taking us years, we probably would have designed the roadmap differently and thought about what the different teams would be working on differently and making a lot of decisions in that regard in a very different way from how we are now, so, I think, definitely a lot of regrets and wasted time in that regard.” 

Ethereum 2.0 (Eth 2.0), a major system-wide upgrade which involves a transition from proof of work based consensus to proof of stake, has been under development for years.

Eth 2.0 was expected to launch in January 2020, however, the blockchain or distributed ledger technology (DLT) platform’s development has experienced several delays.

In August 2018, Buterin delivered an Ethereum history lesson via 75 different tweets.

The Bitcoin Magazine founder went into great detail about the ongoing development of Ethereum at that time.

He had noted that research on Ethereum’s PoS (now called Casper) algorithm actually began in January 2014. At that time, the algorithm was called Slasher but it was “highly suboptimal” when it was first proposed.

Vlad Zamfir, one of the most well-known and accomplished Ethereum developers, joined the Ethereum team in mid-2014. Zamfir is a Mathematics graduate from Canada’s Guelph University.

Although Ethereum has faced several technical issues, including scalability problems, there are many blockchain networks that have now been launched to actually support Ethereum and make it better – instead of directly competing with it like some projects such as EOS and Tron might try to do.

The Ethereum compatible SKALE Network, which recently launched its mainnet, claims it will be “orders of magnitude less expensive to run transactions” through it, “while not losing sync with the Ethereum mainnet.”

Source: https://www.crowdfundinsider.com/2020/07/163645-as-ethereum-2-0-mainnet-gets-ready-to-launch-co-founder-vitalik-buterin-admits-developers-overlooked-sharding-proof-of-stake-design-issues/

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Florida Governor Ron DeSantis Signs HB 1391, the State Now Welcomes Fintech Firms via its Regulatory Sandbox Program

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Ron DeSantis, the 46th Governor of the US state of Florida, noted on July 2, 2020, that with the signing of HB 1391, Florida now welcomes Fintech firms that aim to “disrupt the status quo and gives them an opportunity to provide new types of products and services.”

DeSantis thanked James Grant, a Republican member of the Florida House of Representatives, for continuing to support entrepreneurship and innovation as the state’s officials move forward with developing economic recovery plans following the COVID-19 outbreak.

Jimmy Patronis, the Chief Financial Officer (CFO) in Florida, was present when Gov. DeSantis signed a bill that supports the launch of a Fintech sandbox within the Office of Financial Regulation for supporting innovative technology projects.

In 2019, DeSantis and Patronis had confirmed that they would be working on legislation to establish a regulatory sandbox for Fintechs in Florida.

Patronis remarked:

“Thank you to Governor DeSantis for signing this important piece of legislation today. Also, a big thank you to the bill sponsors, Representative Jamie Grant and Senator Travis Hutson, for their hard work and support to get this bill passed.” 

Patronis added:

“As someone who has run a small business, I know just how beneficial it is to our communities to attract high paying, technology-focused jobs. Fintech’s opportunities for Florida are limitless and the more we can do to create a regulatory environment that allows businesses to innovate and test new technologies, the more effective we’ll be at attracting technology jobs and investment to Florida communities.”

State Rep. James Grant, R-Tampa, noted:

“I was honored to work with Governor DeSantis, CFO Patronis and many others to get these reforms and innovations passed into law. Revolutionizing the way we protect and use state data is critical to our future and a reality only because of the unselfish teamwork that made this bill a reality. I cannot wait to see the Florida Digital Service transform the way government delivers services and the Fintech environment flourish here in Florida.” 

State Sen. Travis Hutson, R-Palm Coast, remarked:

“Thank you to Governor DeSantis for signing the Fintech legislation today. Ensuring Florida remains a top destination for companies seeking opportunities to grow is one of my top priorities, and I was honored to sponsor this important bill.”

Florida is a low tax state that is viewed as business-friendly. In the past couple of years, multiple financial services firms formerly based in the New York City area have relocated to Florida due to low taxes.


Florida HB 1391 July 2020


Source: https://www.crowdfundinsider.com/2020/07/163643-florida-governor-ron-desantis-confirms-signing-of-hb-1391-the-state-now-welcomes-fintech-firms-via-its-regulatory-sandbox-program/

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