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In this episode, Tom Shaughnessy talks with Ben Sparango and Tony Sheng of Multicoin capital to discuss their latest report on The Trust Spectrum. We will keep this short, as the episode covers everything – enjoy and share!
Check out the Trust Spectrum Report: https://multicoin.capital/2020/03/24/trust-spectrum
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Disclosures: This podcast is strictly informational and educational and is not investment advice or a solicitation to buy or sell any tokens or securities or to make any financial decisions. Do not trade or invest in any project, tokens, or securities based upon this podcast episode. The host may personally own tokens that are mentioned on the podcast. Tom Shaughnessy owns tokens in ETH, BTC, STX, SNX, RUNE, sUSD and HNT. Let’s Talk Bitcoin is a distribution partner for the Chain Reaction Podcast, and our current show features paid sponsorships which may be featured at the start, middle and/or the end of the episode. These sponsorships are for informational purposes only and are not a solicitation to use any product or service. Guest host Kevin Kelly holds tokens in BTC, ETH, RUNE, and LEO.
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The International Organization for Migration (IOM) – the United Nations Migration Agency – in partnership with blockchain startup Diginex – on December 16, 2019, announced the launch of a blockchain-based tool to mitigate the exploitation of migrant domestic workers in Hong Kong SAR, China. Blockchain for A Noble Cause Unlike the current state of price of cryptocurrencies, the potential of distributed ledger technology (DLT) continues to reach higher-highs as more and more participants and institutes enter the muddy waters of the industry. In what comes as yet another novel and noble use-case of blockchain technology, the United Nations Migration arm – IOM, with Diginex has launched IRIS-SAFER which is an acronym for International Recruitment Integrity System (IRIS) – Self-Assessment for Ethical Recruitment (SAFER). The tool will reportedly be used by representatives from the approximately 1,500 Hong Kong-based domestic worker recruitment agencies to streamline the process of integrating migrant workers in the domestic economy of the country. IRIS-SAFER will also be used by select associated agencies in worker-sending countries. Blockchain technology which has emerged as a promising technology with a high…Dec 17, 2019
The United States Securities and Exchange Commision has charged a group of criminals, who raised over $30 million through a fraudulent initial coin offering (ICO). Per a Jan. 12 press release, the SEC charged convicted Boaz Manor, his business associate, and two companies, CG Blockchain Inc. and BCT Inc. SEZC, with violating the antifraud and securities registration provisions of the federal securities laws. Manor is a dual citizen of Canada and Israel. The entities allegedly raised more than $30 million in a fraudulent ICO, conducted with the objective to launch hedge funds testing technology to record transactions on blockchain. In an effort to develop a “blockchain terminal” The SEC’s complaint reads that between August 2017 and September 2018, the defendants promoted and sold digital asset securities in an effort to develop technologies for hedge funds. Manor misrepresented himself as “Shaun MacDonald,” an employee of his New Jersey-based associate Edith Pardo, an Israeli citizen, who allegedly ran the company. At the time, the defendants claimed that they possessed 20 hedge funds testing technology to record transactions on blockchain, while in fact…Jan 17, 2020
“The increase in privately-held net marketable borrowing is primarily driven by the impact of the COVID-19 outbreak, including expenditures from new legislation to assist individuals and businesses, changes to tax receipts including the deferral of individual and business taxes from April – June until July, and an increase in the assumed end-of-June Treasury cash balance,” the department revealed in a statement published on Monday. The move comes after the massive amounts of fiat distributed to financial partners before the wake of the coronavirus outbreak. Prior to the first U.S. SARS-Covid-19 death, the Federal Reserve handed out over $6 trillion to private dealers. By mid-March the Federal Reserve used its financial bazookas giving special powers to Blackrock, making it so megabanks don’t need to prove deposits held in reserves, and assisting the Treasury with the “historical” stimulus package. Mainstream media lauded the CARES Act as one of the “most far-reaching measures” ever, as it tacked on over $1.5 trillion onto the nation’s debt. At the time of publication, America’s debt is roughly $24.9 trillion and the Treasury needs more money after…May 5, 2020
Currently, one of the most rigorously examined corners of the surging cryptography space, secure multiparty computation, or sMPC, is widely considered a viable solution to many practical situations in the real world. The concept has some promising implications ranging from privacy to scalability and efficiency, and it’s lasting impact lay outside the purview of only blockchain technology. However, many crypto and blockchain platforms are among the early pioneers in actively applying the technology to finance, advertising, insurance and other industries. “The beauty of multi-party protocols is that they use a rich body of tools and sub-protocols, some of which have been developed especially for MPC and others previously developed for the cryptographic non-distributed setting,” detailed Dragos Rotaru, a researcher for the Advanced Research Projects Agency, or ARPA, in the team’s white paper. The rich feature-set of tools includes the lauded protocols of zero-knowledge proofs, message authentication codes, commitment schemes and secret sharing models, like Shamir’s Secret Sharing. The compatibility of sMPC with such blossoming cryptography subfields, along with its recent development that surpassed many of its performance limitations, is poised…Mar 29, 2020
The Libra Consortium has made new updates to the white paper detailing amendments to the original premise, which include the introduction of a number of stablecoins pegged to different fiat currencies as against its initial model, among other changes, in response to concerns expressed by regulatory bodies. Regulatory Pressure Causes Amendments to Libra’s Original Whitepaper A tweet thread by Calibra chief, David Marcus, on Thursday (April 16, 2020), detailed four important changes made to the previous Libra whitepaper. The update includes the support of multiple Libra stablecoins backed by sovereign currencies, like LibraUSD, LibraEuro, or LibraGBP, remaining permissioned, establishing a better compliance framework, and developing more robust protections into the stablecoin’s Reserve to protect users. In the updated whitepaper, the Association acknowledged that government agencies and regulatory bodies expressed concerns over the Libra project disrupting the global financial system. An excerpt from the document reads: While our vision has always been for the Libra network to complement fiat currencies, not compete with them, a key concern that was shared was the potential for the multi-currency Libra Coin (≋LBR) to interfere…Apr 17, 2020
Speaking as part of an online panel hosted by think tank, Aspen Institute, Federal Bureau of Investigations, or FBI, deputy assistant director, Tonya Ugoretz, revealed that the number of cybercrime reports received by the agency has more than tripled amid the COVID-19 pandemic. “Whereas they might typically receive 1,000 complaints a day through their internet portal, they’re now receiving something like 3,000 to 4,000 complaints a day,” stated Ugoretz, adding: “Not all of those are COVID-related, but a good number of those are.” The FBI agent noted that “there was a brief shining moment when we hoped […] ‘gosh cybercriminals are beings too,’ and maybe they would think that targeting or taking advantage of this pandemic for personal profit might be beyond the pale.” “Sadly that has not been the case,” she adds. Cybercrime proliferates amid COVID-19 pandemic The dark web also appeared to offer a ‘brief shining moment’ recently — with darknet market Monopoly announcing permanent bans for users utilizing COVID-19 as a marketing tool, a few ransomware operators pledging not to target healthcare organizations, and dark web researchers…Apr 20, 2020
Crypto startups are becoming less frequent as interest in the emerging fintech industry cools off, however, there was once a time that cryptocurrency-related startups were a dime-a-dozen, making finding clear winner a difficult and risky process. However, a former Tinder executive has shared his list of the most promising digital asset startups the industry has to offer currently, and provided reasons as to why the three businesses stand out from the rest of the pack of crypto projects vying for investor’s money. Three Crypto Startups With Promising Futures, According to Former Tinder Exec The crypto industry was plagued by too many startups at the end of 2017, resulting in an incredible amount of useless ICOs, burned investors, and projects with very little promise or potential. The abundance of projects providing very little utility or use case, caused the crypto bubble to finally pop. Related Reading | Bolster Your Personal Opsec With This Crypto Investor Checklist As air deflated from the bubble, so did the surge in new crypto startups who struggled to find as much support as there once was,…Dec 10, 2019
Gemini, a cryptocurrency exchange founded by Tyler and Cameron Winklevoss, has integrated popular trading chart analysis service TradingView. According to a TradingView’s announcement on Feb. 4, Gemini has added the trading service as a trading partner, allowing its institutional customers to trade or invest directly through TradingView. As part of the integration, Gemini is now listed in the TradingView’s Trading Panel as well as in the new Brokerage Section. In a blog post on Feb. 4, Gemini provided short instructions on how to connect a Gemini account to TradingView. The crypto exchange has even created a separate section on its platform’s website for its clients to follow the steps in connecting Gemini accounts with TradingView. Founded in 2011, TradingView is one of the world’s largest social networks for retail traders and investors, which combines web-based charting, analytics, and a trading platform with social features for users to communicate. The company has been actively developing in recent years, expanding support for a number crypto indices, including those of crypto exchanges like Huobi. After raising $37 million in a Series B financing…Feb 5, 2020
Georgia Governor Brian Kemp is expected to appoint Kelly Loeffler, CEO of institutional Bitcoin (BTC) futures platform Bakkt, for a United States Senate seat next week. Atlanta’s local news outlet AJC reported on Nov. 29 that Kemp plans to choose Loeffler in a bid to expand the appeal of the Republican party to women. If nominated, Bakkt’s CEO will become just the second woman to serve in the United States Senate from Georgia. Furthermore, Loeffler could also finance GOP activities with her personal fortune, which the outlet suggests could break fundraising records. Bakkt CEO backs Trump In an apparent effort to try to obtain Republican approval, Loeffler said that she wants to strengthen the border, shut down drug and human trafficking, lower healthcare costs and protect the national interests of the U.S. She added: “If chosen, I will stand with President Trump, Senator David Perdue, and you to Keep America Great.” The seat is currently occupied by Johnny Isakson, who will leave the Senate at year’s end because of health problems. Unspecified Republican Party officials allegedly told the outlet that…Dec 1, 2019
This article is originally published in Albaron Ventures. As Bitcoin and other digital assets continue to grow in adoption and popularity, a common topic for discussion is whether the U.S. government, or any government for that matter, can exert control of its use. There are two core issues that lay the foundation of the Bitcoin regulation debate: The digital assets pose a macro-economic risk. Bitcoin and other cryptocurrencies can act as surrogates for an international currency, which throws global economics a curveball. For example, countries such as Russia, China, Venezuela, and Iran have all explored using digital currency to circumvent United States sanctions, which puts the US government at risk of losing its global authority. Twitter Facebook reddit Pinterest Hacker News LinkedIn Tumblr Google+ VKontakte Image: https://pixabay.com/illustrations/bitcoin-btc-cryptocurrency-1813503/ International politics and economics are a very delicate issue, and often sanctions are used in place of military boots on the ground, arguably making the world a safer place. The micro risks enabled by cryptocurrency weigh heavily in aggregate. One of the most attractive features of Bitcoin and other digital assets is that…Nov 18, 2019