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Back to Square One

Podcast is an increasingly common way of broadcasting content on the Internet. Very similar to a radio program, its differential is that the user can listen to whatever they want and at the time they want. In this issue, we indicate the list “5 of the best podcasts to get you into cryptocurrency and blockchain”, made by The Next Web.

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Block News

New peer-to-peer network is launched in Austin – Helium is the new peer-to-peer network of the CEO Amir Haleem and Shawn Fanning, founder of Napster Nicknamed “People’s Network “, Helium is owned and operated by network users, who in return receive payments through cryptoassets. The goal of the network is to create a universe of Internet of Things. The founders expect that when the network is stable and able to provide adequate coverage around the city of Austin, the companies that are in doubt about the network will start using it. (DECRYPT; 08.01.2019)

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Justice fails to enforce judicial decisions related to NegocieCoins in ongoing processes in seven Brazilian states – The NegotieCoins, which in April 2019 was considered the second largest cryptocurrencies exchange in the world, has been the target of lawsuits since June in seven Brazilian states. The Exchange claims that an attempted fraud occurred in March 2019, opened an investigation at the Cybercrime police department in Curitiba and modified the way the withdrawals were carried out, which caused delayed release of transactions. As a consequence, several clients have filled lawsuits to receive the money deposited, but at the time of the enforcement, no funds were found available in the bank accounts for their reimbursement. (FOLHA; 08.11.2019)

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UK Department for Work and Pensions indicates that it is studying blockchain technology – The Department for Work and Pensions (DWP) – State agency that manages the UK pension and social security policies – reported in an official note that the DWP is studying new technologies and initiatives for its payment system, in order to make it “efficient, modern, fast, scalable, flexible, innovative and available 24/7″. Among the technologies, the agency is analyzing the viability of the blockchain, specifically studying the Santander One Pay FX. According to the agency, this will benefit its payment system by reducing the “time, cost and failure rate associated with making transactions”, since the data is stored in a secure and immutable record
. (DWP DIGITAL BLOG, 08.09.2019.)

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The Central Bank of China will launch its official cryptoasset – Mu Changchun, deputy director of the Payments unit of the People’s Bank of China (PBoC) stated, at an event, that the bank researchers have been working to finalize the launch project of the digital Yuan, according to news published by Bloomberg. Since the announcement of Facebook about the launch of its digital currency project, Libra, in June, China has dealt with the development of its cryptoasset with greater urgency. (COINDESK, 08.12.2019)

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New Zealand’s Inland Revenue Department allows payment of wages in cryptoassets – In its statement in August 2019, the Inland Revenue Department of New Zealand authorized the payment of wages in cryptoassets. However, the new legislation states that, for payment to be possible, the services must (i) be included in an employment contract, (ii) have a fixed amount of remuneration and (iii) be a regular part of the employee’s remuneration. The cryptoasset paid must also be able to be exchanged for fiat currency, and must have the main function to be a payment currency or be linked to the price of one or more fiat currencies, according to the secretariat. (COINDESK, 08.12.2019.)

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NBA and Dapper Labs will launch collectible items based on blockchain technology – The National Basketball Association of the United States (NBA) and Dapper Labs announced the NBA Top Shot platform. The platform will provide a gaming environment in which users can collect the specific moves of NBA players from the current season or previous seasons. It will be possible to buy, sell and Exchange collectible items. The forecast for the launch is this year. (COINDESK, 08.01.2019.)

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Securities and Exchange Commission (“CVM”) prohibits Atlas Quantum from making public offer of investment in Brazil – On the day 08.13.2019, CVM prohibited that Atlas Quantum, a Brazilian exchange, continues to announce its investment services in cryptoassets, since they would resemble collective investment contracts (CIC), which need to be subjected to the regulation of the agency. In case the offer continues, the CVM established a daily fine of R$ 100.000. Atlas reported that it will interrupt advertising in Brazil, but will remain operating, and that will adopt “the necessary measures to reverse the decision and build a healthy regulatory environment for investors in the country”. (ÉPOCA NEGÓCIOS, 08.13.2019.)

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Blockchain Desk Recommends

Several solutions have arisen in recent times using smart contracts for the Proof of Location without relying on the information provided by GPS. In this edition we indicate the text “Proof of Location for smart contracts”, which explains in a simplified way how the “Proof of Location” works and brings some examples of solutions already developed in blockchain.

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Blockchain Desk.