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Back to Square One
“Privacy” is undoubtedly one of the most important and discussed topics today. In the crypto world, the debate is highly relevant, ranging from anonymity in the blockchain to privacy in transactions with cryptoassets. There are several platforms that promise some kind of privacy (above the pseudo-anonymity of traditional networks), creating the so-called Privacy Coins. In this issue, we bring the article “The Privacy Coin Dilemma – What Are The Options On Offer?”, written by Gerald Fenech, which discusses some existing privacy coins on the market.

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Block News
BTG Pactual launches ReitBZ (RBZ) – BTG Pactual – together with Enforce – has launched ReitBZ, a cryptoasset that represents virtually an investment in properties in the Brazilian real estate market and will be backed by urban properties in Rio de Janeiro and Sao Paulo. According to the bank, the cryptoasset may be acquired by investors from anywhere in the world, except for Brazilians and Americans. In addition to the initial investment expected of fifteen million dollars, the bank intends to establish a secondary market to generate liquidity in the negotiations. (VALOR ECONÔMICO, 02.21.2019)

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Samsung Galaxy S10 will allow secure storage of private keys – According to the official statement, the Galaxy S10 will have the Samsung Knox defense mechanism, as well as allow secure storage of private keys for services based on blockchain technology. In early 2019, images of the Samsung Blockchain KeyStore were released, a mechanism that will allow the support of private keys. In addition, the mobile phone will have an integrated cryptoasset wallet that will support ERC-20 tokens, including Basic Attention Token (BAT) and EnjinCoin (EJN). The mobile phone began to be sold in selected countries on 03.08.2019, with no forecast to be launched in Brazil. (THE BLOCK, 02.21.2019; SAMSUNG NEWSROOM, 02.20.2019; PORTAL DO BITCOIN, 02.27.2019)

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Brazilian Federal Congressman Áureo Ribeiro intends to present new bill to regulate cryptocurrency – On 07.08.2015, Federal Congressman Aureo Ribeiro presented Bill No. 2303/2015 that aimed to regulate virtual currencies and air miles programs, including them in the definition of “payment arrangements” under the supervision of the Brazilian Central Bank. The bill was shelved in January 2019. In an interview with the Portal Bitcoin, o deputado informou que irá apresentar novo projeto de lei, com uma abordagem diferente, com fim de “fortalecer e dar garantia as pessoas que transacionam com criptomoedas”. (PORTAL DO BITCOIN, 24.02.2019; site da CÂMARA DOS DEPUTADOS, acesso em 07.03.2019)

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Russia plans to issue an official cryptoasset – Segundo Oleg Nikolayev, membro da Comissão de Política Econômica da Duma (Congresso Federal Russo), a bill on cryptoasset is in the final stages of proceedings. If the bill is passed, it will be possible to officially develop the technology and the cryptoassets. Among development initiatives, there is the prospect of launching an oil-based cryptoasset. (CRYPTORADAR, 02.26.2019)

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EXODUS1 mobile phone gets updates – HTC’s Exodus1 cell phone, as reported in the newsletter of 12.28.2018 is considered the first mobile phone with blockchain technology, will receive about 20 new decentralized applications. Among the applications, it was announced a tracker that will collect personal data and allow the sale of this data to previously registered companies in a transparent way and fully controlled by the user of the mobile phone. In addition, the Opera browser will be integrated into the mobile phone and through its wallet, it will be possible to perform micropayments on sites that accept cryptoassets. (THE VERGE, 02.26.2019)

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Facebook plans to launch a cryptoasset – As reported in our newsletter of 12.02.2019, Facebook hired a team involved in the startup Chainspace, giving indications that it will intensify investments in blockchain. Now, according to the New York Times, Facebook is developing a cryptoasset for WhatsApp users, which would function as a payment system similar to the one in WeChat. (NEW YORK TIMES, 02.28.2019)

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QuadrigaCX’s Cold Wallets were found empty – As reported in our newsletter on 02.12.2019, Canada’s largest exchange, QuadrigaCX, lost access to $ 190 million in cryptoassets over the death of Gerald Cotten, its CEO. At the time, it was informed that QuadrigaCX was managed by its CEO through its personal computer and its widow described that the usual procedure was the transfer of the cryptoassets to a cold wallet to protect them from hackers and virtual thefts. However, it has recently been identified that six cold wallets in which the Exchange kept its assets were empty. According to the detailed timeline posted on the site Amy Castor in February 2019, 104 bitcoins were transferred from the hot wallet of the Exchange to the cold wallet of the CEO reported as dead. With such twists and turns, there is some speculation about the CEO’s death. (BLOOMBERG, 03.01.2019; AMY CASTOR, accessed 03.07.2019; INVEST IN BLOCKCHAIN, 02.11.2019)

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Blockchain Desk Recommends
In order to deepen the studies on Smart Contracts, we recommend in this issue the article “An Introduction to Smart Contracts and Their Potential and Inherent Limitations”, published in Harvard Law School Forum on Corporate Governance and Financial Regulation, written by Stuart D. Levi and Alex B. Lipton. The article analyzes smart legal contracts under the light of the US legal system, but also raises important points for studying the subject in Brazil, from its effectiveness to the possible future of technology.

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Blockchain Desk.