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Back to Square One

We frequently publish news, articles and researches which addresses the link between the cryptoworld and the traditional financial system. In this edition, we recommend the Australian documentary “The Bitcoin Doco”, which, in two episodes, explains the key concepts behind Bitcoin while draws parallels with the current financial system.

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Block News

BTG Pactual offers investment fund complying with the Brazilian Securities and Exchange Commission Normative Ruling n. 555 – After the release of the ReitBZ crypto (published in our newsletter of 03.12.2019) and the announcement that it will use the Tezos blockchain in its next STO (published in our newsletter of 07.05.2019), the Brazilian bank BTG Pactual launched the investment fund Hashdex Digital Assets Discovery Fic Fim. The fund will invest its resources in “indirect investments in cryptoassets traded in foreign jurisdictions”, thus complying with the Brazilian Securities and Exchange Commission Normative Ruling n. 555 and with the SIN Circular Letter n. 11/2018. The fund is registered with the Brazilian SEC and is administrated by Vortx Distribuidora de Valores Mobiliários Ltda. (COINTELEGRAPH, 23.07.2019)

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MetaMask releases its mobile beta versionMetaMask, a company which offers cryptowallet service, recently launched the mobile beta version of its cryptowallet: the “MetaMask Mobile”. The beta version is available for Android and iOS The desktop extension will generate a QR code that, when scanned by the mobile device, will synchronize the information to the device. (THE BLOCK; 07.24.2019)

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New York Times will use the Hyperledger to counterattack fake newsConsidering the fake news phenomenon, the New York Times has announced a new project to combat the practice: The News Provenance Project. The US newspaper will use IBM’s blockchain platform Hyperledger, and, initially, will focus on journalistic photography, which can be “easily manipulated” and can “have serious consequences”. The first stage of the project will take place at Hyperledger Fabric and is intended to allow its readers to identify the photo source and whether it has been changed after publication. (THE BLOCK; 07.24.2019)

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Facebook attends US Congress hearings about Libra and Calibra – As reported in our latest newsletter, the US Congress requested Facebook to suspend the creation of both Libra and Calibra and summoned the company to a public hearing, which took place on July 16th, 2019. Facebook’s blockchain officer, David Marcus, was inquired by senators about the project. According to his answers, Facebook intends to launch Libra in compliance with FinCEN, and that it will have a low-cost, affordable and secure anti-money laundering program. O CriptoFácil published the highlights of the audience, but if you want to watch it in full, click here. (CRIPTOFACIL, 17.07.2019; FINANCIAL SERVICES COMMITTEE 17.07.2019)

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United States Senate held debate on Crypto world regulationAfter the public hearing with Facebook, the United States Committee on Banking, Housing and Urban Affairs decided to hold a hearing on regulatory frameworks for Cryptoassets. The open session took place on the 07.30.2019 and was attended by some specialists, including the CEO of Circle, Jeremy Allaire, and the professor at the Faculty of Law of the University of California, Mehrsa Baradaran. Among the numerous topics of discussion, we highlight the speech of the senator Mike Crapo,  which recognized that digital technology innovations are inevitable, and it is no possible to  ban them.

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PUBG´s players will be able to receive rewards in cryptoassets – Refereum, a blockchain-based games startup, has partnered with the game PlayerUnknown’s Battlegrounds (PUBG), the biggest competitor of Fortnite, to allow its players to receive RFR tokens as rewards. These tokens can be used to make in-game purchases, buy other games, and even transfer to players who broadcast their matches on Twitch. (COINDESK, 07.24.2019)

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Blockchain Desk Recommends

As shown in our previous newsletters, blockchain technology is not restricted to the payment function and is considered a disruptive technology by most researchers. Considering the range of products generated and patented from the technology, it was published at the end of 2018 the article “Mapeamento Tecnológico das Patentes Desenvolvidas a partir da Tecnologia Blockchain: um cenário global” of Vinícius José Ferro Gomes, Sívia Beatriz Beger Uchoa and Tygra Ferreira da Silva Santos, which we recommend in this edition.

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Blockchain Desk.