Author: dfmines

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Fuel Labs, which is building permissionless and trustless layer-2 protocols for Ethereum, today announced $1.5M USD of support led by blockchain-focused investment firm CoinFund. Other participants include Fenbushi Capital and Origin Capital. The Fuel Labs’ team is building Fuel for optimistic rollup: a fully decentralized scaling solution that utilizes layer-2 techniques to create a non-custodial, censorship-resistant,…
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The app offers customers the ability to manage all PayPal-related transactions from a single dashboard.

In 2019, merchant processor Fortress Payment Technologies announced that it would no longer be able to accept Visa payments for cannabidiol (CBD) related products. The announcement only gave merchants eight hours’ notice of the change, this is just one example of the many financial hurdles that the cannabis industry has faced when trying to process transactions for cannabis-related products. Unfortunately, because legislation and regulations in the cannabis industry are still evolving, the industry is consistently dealing with these obstacles. To avoid any possible risks, even in areas where cannabis is now legal, most banks, credit card companies, and payment providers will avoid working directly with cannabis transactions. Due to difficulties faced with transactions, many businesses are inclined to use cash as their standard payment method. However, storing cash presents a whole host of problems for businesses. Not only are businesses’ security compromised with the increased possibility of theft, but also their employee’s safety when transporting cash. To provide a solution to the problem the cannabis industry has been facing, London-based startup Quannabu has launched a decentralized payment network for cannabis-related transactions on the blockchain. Quannabu also has a payment platform called Quannabu Pay, which is built on the blockchain and allows businesses and consumers to seamlessly transfer funds without any financial hurdles. The company’s financial solution for the cannabis industry will not only have its own form of cryptocurrency, but also a secure infrastructure in place. Since legislation is still a work in progress for many countries, regulations are constantly changing and have created a complex and sometimes disjointed supply chain. This means that authorities have a harder time tracking the supply of cannabis. Thanks to Quannabu’s blockchain technology, the company has created a product that minimizes illegal activity by allowing law enforcement to track the source and supply of all cannabis products. This means that governments can track the movement of cannabis and stop any illicit circulation in its tracks, creating more space for a safer and regulated marketplace. The transparency into the supply chain that Quannabu provides will not only increase supply chain visibility to law enforcement, but also consumers, manufacturers, and suppliers. Through this solution, the company is increasing trust and creating a safer industry as a whole. In addition to the company’s supply chain solution, token offering, and secure payment platform, it also operates Quannabu Labs, a groundbreaking testing laboratory that is dedicated to CBD-related activities on and off the blockchain—the only operation of its kind in the world. Lastly, the company is also working towards establishing its very own hemp farm, to farm pharmaceutical-grade hemp. The facility will have certified testing equipment so it can consistently and accurately test its plants.

Mastercard’s upcoming acquisition of CipherTrace demonstrates the need for payments giants to partner with crypto firms to enable digital asset innovation.

Crypto users access their wallets and exchanges day in and day out and making sure it remains secure is one of their top concerns. While most of these apps have great security features like multi-factor authentication and biometrics, what happens to your data while it travels through the network is still an area of concern. […]

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Hi guys. If you don't already know it, this is the no-official newsletter about Curve Finance. If you don't have time to be 24-7 on Twitter. This is a good way to follow what is happening https://cryptouf.substack.com/p/whatup-on-curve-46 Cheers submitted by /u/cryptouf [link] [comments]

As the race for the foremost blockchain solution heats, more crypto projects continue to throw their hats into the ring. The efforts of some blockchain projects cannot be overemphasized. Bitcoin’s influence on the market has facilitated the unparalleled exponential growth that the crypto industry has enjoyed over the last decade. This growth is despite the novel cryptocurrency’s shortcomings. Even though Bitcoin’s dominance by market capitalization has slowly waned over time, its hold over the future of blockchain technology remains ever strong. Jax.Network enters the race, and it has made forward strides since it first appeared on the scene. The latest news out of the camp is Dr. W. Scott Stornetta joining Jax.Network as a project advisor. Why Jax.Network? Jax.Network is a scalable blockchain protocol anchored to the Bitcoin blockchain which runs on the Proof-of-Work consensus mechanism. Jax.Network solves the Blockchain Trilemma that plagues blockchain networks through its four building blocks. It uses a specific merge-mining technique that allows miners to mine multiple shards simultaneously while rewarding them in proportion to their contributions. It is also an open-source project. Hence, other developers can also build projects on the protocol, contributing to the growth of the network. Jax.Network issues two native coins, JAX and JXN, which serve as stable and speculative assets respectively. Jax.Network, which already boasted an impressive international line-up, continues to add more respected names to its team. As part of the team’s efforts to build a hashrate-based stablecoin, it has turned to the services of Dr. W. Stornetta, one of the leading lights of the space. He comes on board as an advisor. Introducing Blockchain Pioneer – Dr. W. Stornetta Dr. W. Stornetta was one of the few people mentioned in Satoshi’s Bitcoin whitepaper – three times – and is widely regarded as a co-inventor of the blockchain. His work in collaboration with Dr. Stuart Haber, where he first mentioned the blockchain and a digital time-stamp to track transactions, was implemented in Satoshi’s Bitcoin blockchain vision. His work was featured in the New York Times in 1995 after receiving the Discover Award for Computer Software in 1992. He has a Ph.D. in physics from Stanford University. He is also an alumnus of MIT, Harvard, and Brigham Young University. These days, Dr. W. Stornetta works as a partner and Chief Scientist at Yugen Partners, a private equity firm that invests in blockchain-based startups. He will lend his expertise and experience to Jax.Network, a company that was established in 2018 and has continued to thrive ever since. Dr. W. Stornetta has been around in the crypto space for a long time, and his presence on the team will also help Jax.Network avoid the pitfalls that have limited earlier visionary projects on their quest to propagate the financial system he pioneered with his work. Dr. W. Stornetta finds the hashrate-pegged stablecoin that the Jax.Network team proposes quite innovative. His record as an industry visionary and experience in the blockchain sphere proves that he knows a worthy project when he sees one. Any project within the blockchain space would benefit from the knowledge and expertise of Dr. Stornetta. Jax.Network finds itself in this coveted position with Dr. Stornetta on its advisory team. While we anticipate the official launch, there are enough reasons to be optimistic that it’ll be worth the wait.