International Developments: FDIC Wants to Learn More About Digital Assets

Blockchain platform VXPASS reaches agreement with SESIU to provide digital infrastructure for Lesotho’s new crown vaccination program.

International Developments: FDIC Wants to Learn More About Digital Assets
  1. Blockchain Platform VXPASS Reaches Agreement with SESIU to Provide Digital Infrastructure for Lesotho’s New Crown Vaccination Program On May 11, blockchain platform VXPASS announced an agreement with Sesiu sa Tšoele le beta Poho Fund (SESIU), responsible for the rollout of the New Crown vaccine in Lesotho, a landlocked African country, to provide the digital infrastructure necessary to manage, record, validate and verify the New Crown vaccination program in Lesotho. manage the first 560,000 vaccinations for SESIU Lesotho under the terms of the agreement, with plans to vaccinate and test 1.2 million people by the end of 2021. Source: CoinGeek Link to original article: https://coingeek.com/blockchain-based-vxpass-selected-to-manage-and-verify-digital-records-for-covid-19-vaccination-rollout- for-kingdom-of-lesotho/ International Headhunter Odgers Berndtson Is Running a “Blockchain Practice” in the U.S. Odgers Berndtson, an international executive search firm, is launching a “blockchain practice” in the United States with the intention of bringing a data-driven approach to the blockchain talent market, PR Newswire reported on May 11. The firm’s blockchain practice will not be limited to financial services and/or technology applications, but will also include close collaboration with clients across a wide range of industries. Link to original article: https://www.prnewswire.com/news-releases/odgers-berndtson-launches-blockchain-practice-301288823.html
  2. New Crown Health Credential DLT Solution Piloted in Aruba, Caribbean According to BTCManager, May 11, the authorities of the Caribbean island of Aruba have joined forces with decentralized identity development and hosting service provider Indicio.tech and SITA, a group of international airline telecommunications companies, to conduct a pilot of a new crown health credential solution based on distributed ledger technology (DLT). Through this solution, visitors who test negative for New Crown virus will receive a digital credential that will allow them free access to stores, restaurants and other attractions on Aruba. Link to original article: https://btcmanager.com/caribbean-island-blockchain-covid-19-health-credential-system/
  3. Polaris partners with blockchain technology company Circulor to track CO2 emissions from mine to production line On May 11, Swedish high-performance electric car brand Polestar revealed that it has partnered with blockchain technology company Circulor to track CO2 emissions from the mine to the production line in order to improve supply chain transparency and allow the public and its customers to see all the materials needed to build Polestar’s future electric cars. In addition, Polaris hopes this initiative will help other companies adopt similar climate-friendly manufacturing processes to reduce carbon emissions across the industry. Source: CNET Link to original article: https://www.cnet.com/roadshow/news/polestar-blockchain-climate-goals/
  4. Security Token Platform Polymath Adds Node Operators Tokenise and Saxon Advisors On May 11, security token platform Polymath announced Tokenise, an end-to-end token provider, and Saxon Advisors, a digital asset and financing advisory firm, as its new node operators, both of which will work together to provide security for Polymath’s institutional-grade dedicated blockchain, Polymesh. Source: PR Newswire Original link: https://www.prnewswire.com/news-releases/polymath-adds-tokenise-and-saxon-advisors-as-node-operators-on-institutional-grade- polymesh-blockchain-301288368.html
  5. 9 CryptoPunks tokens sold at Christie’s for a total of nearly $17 million On May 12, New York auction house Christie’s announced on Twitter that nine tokens of CryptoPunks, an ethereum blockchain-based farming game, had sold for a total of nearly $17 million at auction. The auction began after Christie’s partnered with SaveArtSpace, a non-profit urban art advocate, to conduct CryptoPunk demonstrations in several public venues in New York. Source: CoinTelegraph Link to original article: https://cointelegraph.com/news/9-cryptopunks-sell-for-17m-at-christie-s-auction-house
  6. Coinbase Surpasses TikTok to Rank #1 on Apple App Store As CoinTelegraph recently reported, the Apple App Store’s app charts show Coinbase is currently the most popular app in the U.S., ahead of TikTok, YouTube, Facebook, Instagram, and trading app Robinhood. Money transfer and bitcoin buying app Cash App ranked 12th, while Coinbase and Trust ranked 16th and 17th, respectively. Link to original article: https://cointelegraph.com/news/coinbase-overtakes-tiktok-for-1-position-on-apple-app-store
  7. Israel’s Central Bank Plans to Explore the Beneficial Impact of Digital Shekels on the Economy On May 11, the Bank of Israel revealed in a statement that the bank is preparing an action plan regarding exploring the beneficial effects of digital shekels on the economy. The Bank of Israel said it would be prepared to issue a digital shekel if its benefits “outweigh the costs and potential risks”, meet the needs of the future digital economy and provide a more efficient way to make cross-border payments. Link to original article: https://cointelegraph.com/news/israel-s-central-bank-floats-possible-digital-shekel-with-new-action-plan
  8. Data Analytics Firm Palanti Accepts Bitcoin Payments Colorado-based data analytics firm Palanti said during its Q1 2021 earnings call that it has begun accepting bitcoin payments, CoinTelegraph reported on May 11. Palanti is also considering following the lead of Tesla and MicroStrategy by adding bitcoin to its balance sheet. Link to original article: https://cointelegraph.com/news/data-analytics-giant-palantir-now-accepts-bitcoin-payments
  9. Trial of Former BitMEX Executives Set for March 28th Next Year On May 11, New York Judge John Koeltl announced a trial date for Arthur Hayes, former CEO, co-founder Benjamin Delo, and Chief Technology Officer Samuel Reed of U.S. cryptocurrency exchange BitMEX, who are accused of violating the Bank Secrecy Act and anti-money laundering laws, set for March 28, 2022 to take place. Link to original article: https://cointelegraph.com/news/trial-of-former-bitmex-executives-set-for-next-march
  10. Block.one plans to launch a new cryptocurrency exchange this year On May 12, Block.one, the creator of the EOSIO public chain, announced plans to launch a new cryptocurrency exchange and to raise $10 billion to do so. Block.one will raise $9.7 billion of that amount from Block.one itself, and another $300 million in external strategic investments from Nomura Securities, Peter Thiel’s Thiel Capital and Founders Fund, hedge fund manager Alan Howard, and Moore Capital Management LP founder Louis Bacon, and others. The new exchange, which will launch this year, is dedicated to combining the benefits of centralized exchanges (such as performance, privacy and compliance) with decentralized finance (DeFi). Link to original article: https://www.ledgerinsights.com/nomura-thiel-10-billion-funding-bullish-crypto-exchange-block-one/ U.S. Senator Cynthia Lummis proposes DLT as a “key technology priority” U.S. Senator Cynthia Lummis (D-CA) said in a bill amendment that the U.S. government should add distributed ledger technology (DLT) to its priority list, according to CoinDesk on May 12. The amendment adds blockchain to the bipartisan Endless Frontier Act, which would create a new Technology and Innovation Agency and set 10 “technology focus areas” for the new entity to assess and develop appropriate federal solution strategies. Link to original article: https://www.coindesk.com/us-senator-proposes-making-distributed-ledgers-key-technology-focus Federal Deposit Insurance Corporation (FDIC) Wants to Learn More About Digital Assets Speaking with the Federalist Society on May 11, senior officials at the Federal Deposit Insurance Corporation (FDIC), one of the nation’s federal banking regulators, revealed that the agency is learning about banks’ exploration of digital currencies. The FDIC wants to learn from banks about how they are moving into the digital asset market and the role the FDIC should play in it. Link to original article: https://www.coindesk.com/fdic-chair-says-regulator-wants-to-know-more-about-digital-assets
  11. TaxBit to Provide Cryptocurrency Transaction Audit Services for the U.S. IRS On May 11, TaxBit, a Utah-based crypto tax provider, announced a one-year contract with the U.S. Internal Revenue Service (IRS), under which TaxBit will provide audit services for the IRS’ cryptocurrency transactions based on the IRS’ needs to help the IRS detect whether high-volume cryptocurrency traders are reporting accurately on their crypto taxes. Link to original article: https://www.coindesk.com/irs-taps-taxbit-to-help-audit-bulk-crypto-transactions

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