Top Stories Around Blockchain This Week — DApps, SEC Approvals, Facebook Defending Libra

July 11, 2019

WHAT A WEEK for Blockchain/DLT…Since my update last week, the landscape has shown no signs of slowing. We’ve seen more the conversations sprouting up around decentralized applications (DApps), improvements around infrastructure, and Libra continuing to make highlights and governments nervous. To keep you up to speed, here’s a snapshot of the top stories this week around the industry.

📖 Blockchain-Based Game Becomes First DApp to Launch on Crypto Platform

ILCoin, a crypto platform is announcing the launch of its first decentralized application (DApp) named AGE of ILC on its SHA-256 blockchain. The application is a tower defense game in which players have to obstruct strangers and stop them from stealing their treasure. AGE of ILC will initially be made available on Google Play in the middle of July, and work is already underway to bring the game to iOS smartphones and tablets at a later date… read more

📖 SEC Clears Blockstack to Hold First Regulated Token Offering

The Securities and Exchange Commission on Wednesday cleared blockchain startup Blockstack to sell bitcoin-like digital tokens, a first-of-its-kind offering that could give young cryptocurrency businesses a new fundraising template. The SEC approved the $28 million offering under Regulation A+, an alternative to an initial public offering meant to help… read more

📖 Major Improvements Are Coming To Blockchain In 2020

Everyone in the enterprise world already has a blockchain strategy. If they don’t have one now, they risk the chance of staying behind or simply missing an opportunity. For the last few years, the benefits and correlated risks of fully adopting blockchain technology have been estimated, analyzed, and discussed at large. One thing is clear… read more

📖 Kakao Claims Its New Blockchain Is 15x Faster Than Ethereum

South Korean messaging app provider Kakao has claimed that its recently launched Klaytn blockchain network is up to 15 times faster than ethereum. Kakao’s blockchain subsidiary GroundX held a press conference in the South Korean capital Seoul, saying that, while Klaytn can mine a block in as little as a second, ethereum takes around 15 seconds. As a result of the speedy processing of the network, Kakao’s offering is said to provide a transaction throughput of 300 per second, compared to ethereum’s 20 transactions a second… read more

📖 Safety Without Silos: Why Businesses Will Learn to Love Public Ethereum

Today, a new epoch of system integration is underway. However, efforts to make blockchain technology enterprise-friendly split the community into two camps: public networks versus private networks. The dichotomy was wrong-headed from the start, making it easy to believe that public blockchain networks shouldn’t be used in confidential… read more

📖 Is Google Chasing The 90% Potential Of Blockchain That Facebook Left Out?

Outside of tokenomics, there is a lot more power in the blockchain, especially in regards to smart contracts. Thus, a recent partnership between Google and Chainlink, a company that provides on ramps and off ramps for information necessary to run smart contracts, may hint at Google wanting a bigger slice of the pie… read more

📖 What to Expect From the Telegram Open Network: A Developer’s Perspective

Polkadot, Cosmos and TON will definitely compete for users and developers. Moreover, in 2019, every blockchain really needs to have a lot of use cases built on it in order to attract users and potential investors, as the era of the initial coin offering (ICO) and new blockchains may now be over… read more

📖 Binance Charity Forms Alliance with 46 Companies to Unveil a Stablecoin for the Alleviation of Period Poverty

A blockchain enabled charity platform Binance Charity Foundation and official philanthropic arm of the global cryptocurrency exchange Binance announced the formation of first strategic alliance of 47 companies and organizations as founding partners to introduce ‘Pink Care Token’. The alliance is expected to empower 1 million women in developing countries to improve feminine health and wellbeing… read more

Libra Watch

📖 Facebook Defends Libra Token Ahead of Congressional Scrutiny

Facebook facing fury from skeptical lawmakers, sought to mitigate concerns that have been raised about its proposed cryptocurrency, stating that the token’s purpose is to create a secure and low-cost way for consumers to move money around the world… read more

📖 Facebook has been asked to halt its crypto plans — again

Reps. Maxine Waters, Carolyn Maloney, Lacy Clay, Al Green, and Stephen Lynch wrote to Facebook earlier this week to impose a moratorium on Libra until regulators and Congress have had time to explore concerns about the project. Concerns include risk of hacking, data security, and global financial security… read more

📖 Libra Isn’t a Cryptocurrency. It’s a Glimpse of a New Asset Class

Coming from an organization so tied to the question of identity (whether real or not), it is surprising that Facebook’s Libra coin seems confused about its own. The organization has chosen to brand Libra “a stable global cryptocurrency,” and the label “cryptocurrency” has been replicated by media around the world. Yet Libra is not a… read more

📚What I’m Reading Now

This week I began reading the latest edition (June 2019) of Andrew Roman’s Masters of Blockchain: The rise of blockchain and crypto, the tokenization of the world’s assets and what that means for startups, corporations and investors. The first edition of the book laid a solid foundation of the then industry with raw insights from many experts and enterprises. Looking forward to this updated version and will report back.

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Writing about #Blockchain, #DApps, #Digitization, and all things #Distributed. Host of Blockchain & Crypto Today