Welcome to the latest edition of ‘The Digital Asset Digest’. Today, we look at several ways that blockchain can help with surveillance and discuss how no-code can help revolutionize blockchain tech.
“According to the announcement, US users are the core user base that will be affected by the delisting of the coins. In what looks to be a multi-phase delisting, eToro is limiting access to these digital assets for users in the United States on December 26th, 2021.”
“The world’s richest man and CEO of Tesla, Elon Musk, started a Twitter warfare with Binance’s CZ over the current Dogecoin situation that resulted in the execution of a string of DOGE of transactions from a year ago, and user accounts being completely frozen.“
“Zender will always remember the moments he had at the Latin Bitcoin conference at Mizata Beach, El Salvador, with both hope and disappointment in near equal measure.“
“On Tuesday (November 23), $SAND, the native (ERC-20) token of Ethereum-powered metaverse “The Sandbox”, surged to a new all-time high of $5.68 as anticipation builds over the upcoming launch of The Sandbox Alpha. “
INDUSTRY WIDE SNAPSHOT
Surveillance usually has negative connotations. Perhaps because it’s associated with authoritarian governments and oppressive regimes. However, the issue isn’t surveillance but the elimination of privacy and personal autonomy. Some experts now believe that blockchain technology could offer a new way to create legitimate surveillance tools without compromising privacy.
Here are the top three examples of this.
EXPLORING NEW IDEAS
Despite the pervasiveness of digital technology, the skills needed to develop these tools are in short supply. Relatively few people know how to code and even fewer know how to code for blockchain-based platforms. Creating a decentralized application takes an entirely new level of coding skills.
This shortage of skills has stymied the growth of the industry. There’s roughly $2 trillion in capital chasing a select group of developers who acquired these skills within the last decade. The rise of no-code tools could be a potential solution for this imbalance. Here’s a look at how no-code is revolutionizing the traditional tech sector and how it could soon impact blockchain tech as well.
TOKEN OF THE WEEK
Stellar is an open-source blockchain-powered network created to make it easy for people to send, receive, and trade digital currencies. It was launched in 2014 under the nonprofit organization Stellar Development Foundation spearheaded by Jeb McCaleb and Joyce Kim.
Stellar was designed with the sole aim of bringing the global financial system under one network and easing cross-border transactions. Just like other platforms powered by the revolutionary blockchain technology, it seeks to do away with middlemen and third parties when it comes to financial transactions.
Here’s a closer look at this week’s token.
THIS WEEK’S DEEP READ
“Last month I wrote about the rise of stablecoins – from USDT, with a market cap of $70 billion, and USDC, with a market cap of $32 billion, to government-sponsored digital currencies – most notably, China’s Digital Renminbi and Cambodia’s Bakong. In many ways, this seems to be the era of the “crypto-dollar,” which, like the petrodollar before it, could be yet another funnel for global hyper-dollarization. And because the majority of stablecoins are still backed by fiat, they are hindered by the flaws of the centralized legacy financial system and any U.S. regulatory oversight. USDC, for instance, allows Circle to blacklist accounts if asked to by regulators, which limits the use of the token as fully decentralized collateral.”
And that’s all for today! Like what you hear and want to explore an investing relationship through GDA?