makes its first acquisition in blockchain
by hiring the team behind Chainspace, a blockchain startup focused on decentralized smart contracts and founded by researchers from University College London. This is not the first step the social media giant has made toward blockchain; Facebook executive David Marcus, former President of PayPal, has headed Facebook’s blockchain group since last year.
Winklevoss Exchange Gemini
has been gaining a reputation
for shutting down accounts trying to bulk redeem their stablecoin, the GUSD. Two OTC trading desks, one based in Latin America and the other in the U.S., tried to redeem millions in GUSD for fiat and the former was warned by Gemini staff that doing so would harm the stablecoin. The U.S. based desk was able to redeem his GUSD, but not without their account being shut down within days, leaving many worried that Gemini’s perceived attempt to maintain stablecoin market share is not a good omen for their GUSD holdings.
In an effort to transparently evaluate worker conditions, New America, ConsenSys, and Harvard T.H. Chan School of Public Health developed a blockchain-based working condition evaluation system
over the course of two years. Based on H.T.H.C.S.P.H.’s Sustainability and Health Initiative for NetPositive Enterprise (SHINE), the scalable, anonymous survey that will track workers’ well-being will be piloted in three factories in Mexico on 5,000 employees. “For the last 25 years, work in supply chains has been monitored mainly by audits. We know from research and serious traumatic events that this system alone is not effective. A distributed system of inquiry on the blockchain that goes right to the source [workers] offers a new solution,” said Dr. Eileen McNeely, Director of SHINE at the H.T.H.C.S.P.H.
New York based market making trading firm Genesis Capital
reported that it had originated over $1 billion in loans
over the last 10 months, over 500 million of which were in digital assets like Ethereum and Bitcoin, with a 100% increase in Q4 2018
. “November and December were the most active months to date as we saw new hedge funds and trading firms utilizing ‘spot’ borrow,” said the firm.
Digital asset custodian BitGo has launched “Wrapped Bitcoin”
, an ERC20 token backed 1:1 with Bitcoin
. WBTC enters the markets with 26 partners, 15 DOA members, and its reserves can be verified through block explorers
. There are currently 72.4214 WBTC.
Decentrl Co-Founder & Blockchain For Good’s Founder Cecile Baird
will be a panelist at Berkeley’s “Blockchain For Social Impact”
Feb. 6th, speaking on how we can build a Web 3.0 to re-engineer the internet with blockchain technology according to our new understanding of how society and technology interacts with it.