Article: Could DeFi-powered banks become an unstoppable force in finance?

Crypto, Decentralized Internet, Money

Could DeFi-powered banks become an unstoppable force in finance?

A collaboration means that banks get much-needed support when it comes to modernizing antiquated systems and updating the suite of services that they offer. Meanwhile, DeFi protocols benefit from a usability perspective — accessing the interfaces that most consumers are already accustomed to. Combining the best of both worlds also gives decentralized finance protocols a chance to reach a broader cross-section of customers, including those who may have felt shut out beforehand.

DeFi platforms that partner with a licensed bank can support fiat currencies and digital assets alike — spanning USD, GBP, EUR, CAD, CHF and ETH, Wrapped Bitcoin and stablecoins. Fees can be dramatically reduced, and a more seamless on-ramp from fiat to crypto serves as a much-needed boost for adoption.

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Article: Copyright infringement and NFTs: How artists can protect themselves

Crypto

Copyright infringement and NFTs: How artists can protect themselves

A strongly worded copyright notice often isn’t enough to deter bad actors — nor prove that artwork is authentic if their claims are challenged. However, there are some simple steps that are worth taking when building an online presence, and it all begins when original files are being uploaded in the first place.

Adding a visible watermark to art before sharing digital images anywhere can prove worthwhile, irrespective of whether this is on Instagram, Facebook or on your own website. If you’re especially sophisticated, you may opt for an invisible watermark at the pixel level — something that can give you an upper hand in a dispute, especially among plagiarists who may not have noticed it.

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Article: What is blocking the decentralized internet?

Blockchain, Decentralized Internet

What is blocking the decentralized internet?

An everyday consumer would react with incredulity if they were only able to send an email from their Yahoo inbox to someone else with the same domain name. The idea that someone surfing the internet on Google Chrome couldn’t access a website found on the Safari browser is equally unimaginable. Yet this is the situation that the blockchain sector has found itself in — to the extent that convoluted processes have needed to be built to ensure that assets can make their way across blockchains. (One example here could be Wrapped Bitcoin, which involves depending on a centralized intermediary.)

One solution that is being actively touted right now is XRouter technology, which seeks to deliver the elusive “internet of blockchains” that so many have dreamed of. As well as being agnostic to the myriad networks that now exist, it operates on a free-market basis. In the long term, the goal is to ensure that payments can be made in any cryptocurrency, paving the way for a “social, economic and technological revolution.” The technology has been created and championed by The Blocknet.

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Article: How banks can identify money laundering involving crypto, explained

Blockchain, Crypto, Cyber-Security, Money

How banks can identify money laundering involving crypto, explainedHow banks can identify money laundering involving crypto, explained

Red flag indicators related to transactions can involve payments that are made in small amounts, or in repeated quantities that fall under a reporting threshold. Alarm bells can also be raised if funds are sent to a newly created or previously inactive account.

Transaction patterns can also rouse suspicion — especially if the deposits made are inconsistent with a customer’s profile.

Other indicators can concern senders and recipients, irregularities when it comes to the source of funds or wealth, and suspicious circumstances related to geography — such as if a customer’s funds originate from, or are sent to, an exchange “that is not registered in the jurisdiction where either the customer or the exchange is located

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Article: Is this the future of how companies and organizations will be run?

Blockchain, Innovation

Is this the future of how companies and organizations will be run?Is this the future of how companies and organizations will be run?

Companies, open-source projects, foundations, hedge funds and NGOs are among the entities that can be created and managed through the Idavoll Network.

Basic functions such as shareholder votes, disputes and accounting matters can be executed with ease — and the organization’s behavior and operating rules are enshrined through the use of smart contracts, delivering “openness, fairness and justice” to all.

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Article: Esports site uses cutting-edge blockchain protocol to launch NFTs

Blockchain, Crypto, Innovation

Esports site uses cutting-edge blockchain protocol to launch NFTsEsports site uses cutting-edge blockchain protocol to launch NFTs

An esports-focused site that uses a cutting-edge blockchain protocol to eliminate manipulation in video views has now launched non-fungible tokens.

Esports Fight Club, which is owned by Verasity, says the NFTs on offer include posters, badges, weapons, mods and short videos that summarize top highlights from esports tournaments. All of them are built using Verasity’s proprietary and patented Proof-of-View protocol, which aims to eliminate fraud from the world of video monetization.

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Article: Q&A: What are the benefits of standardizing crypto mining?

Blockchain, Crypto

Q&A: What are the benefits of standardizing crypto mining?Q&A: What are the benefits of standardizing crypto mining?

Different mining machine models and their parameters — such as computing power and energy consumption ratios — can be difficult for users to understand. Fluctuations in hash rates can also have an adverse impact on a user’s income.

BitFuFu says it is the world’s first platform that offers standardized mining hash rates. We talk to the company’s independent director, Celine Lu, about how it works, how users benefit, and the key trends that are set to dominate the mining sector in 2021.

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Article: Evolving the DAO: How decentralized companies can dominate Web 3.0

Blockchain, Web 3.0

Evolving the DAO: How decentralized companies can dominate Web 3.0Evolving the DAO: How decentralized companies can dominate Web 3.0

Decentralized autonomous organizations — known as a DAO for short — have become a mainstay of the crypto world.

The rationale behind DAO is to enable companies and organizations to fully function without the need for a hierarchical management structure. As this Cointelegraph guide explained, it’s like a vending machine delivering a snack in exchange for a bundle of coins — and then automatically using those funds to reorder stock. There’s no need for human involvement in keeping the machine running, as all of the processes it needs to function are pre-written into code.

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