Social paradigm shift: from payroll at the end of the month to see your salary live

And how digital currencies can transform the world economy

Dec 11, 2021

Dear Tokeners,

Today we woke up inspired ... that must be why it is the weekend 🔝, we are more relaxed and the trees do let us see the forest 🌲 (those at Christmas, of course).

We woke up with a great reflection ... and all in line with a tweet that we loved (Superfluid is going to be the next big thing in cryptos!):

Many some people have not realized it yet (well, not so bad… wait a while 😲), but the world economy is transforming at huge rates and so are the rules and social conditions that we know to date.

Going from waiting for the entry of a payroll at the end of the month in your bank account to seeing how your salary is going to increase in real time thanks to cryptocurrencies, there is a huge jump. Science fiction? No, reality.

If a few years ago, some good lucky people who knew how to play on the stock market made an extra income playing intraday, to give an example at a very primary level, today there are many people that this is their job, but in the crypto world. This has to mark, without a doubt, a new social direction.

Well, this and the quantity and quantity of initiatives that arise around this new paradigm that we are building together. And that's the beauty: in the era of collaboration, we are building a social order, with its successes and errors, with the perplexed gaze of nineteenth-century institutions that do not know very well how to react or how to legislate or regulate a more global world never.

Well, here we leave you a good reflection for the weekend. Check out the news that we bring you today, because all, in one way or another, revolve around this concept.

Share it with your friends with a 🍻 (it can be without alcohol ...), forward it and, above all, if you like it, you know 👇👇

Gold, Bitcoin or DeFi: How can investors hedge against inflation?

Over the last 10 years, Bitcoin has been through 20 different bear markets. Is it finally starting to prove itself?

Bitcoin (BTC) was created in the aftermath of the 2008 financial crisis and planned to solve the problems created by loose monetary policies. The cryptocurrency’s creator, Satoshi Nakamoto, said in late 2008 that the cryptocurrency’s supply increases “by a planned amount” that “does not necessarily result in inflation.”

The cryptocurrency’s inflation rate has been fixed and its circulating supply is capped at 21 million coins, expected to be mined by 2140. By then, BTC’s inflation rate will drop to zero. In contrast, fiat currencies have no finite supply and can be printed to adjust monetary policy.

How Central Bank Digital Currencies Could Transform the World Economy

Digital payments are faster and easier than ever. And thanks to the blockchain, money now has traits we’ve never seen before, like decentralization, immutability, and pseudonymity.

These innovations have demonstrated that global finance is ripe for change—and governments are beginning to take note. In fact, central banks have already begun the task of remodeling the financial system for the internet age.

How? With central bank digital currencies (CBDCs).

What is a CBDC?

A CBDC is a virtual form of fiat currency. Like physical cash, it is issued by a central bank and backed by the full faith and credit of the government. But unlike cash, a CBDC is never printed, meaning new systems must be put in place to mint and exchange it.

Could this system resemble the blockchain—the distributed ledger technology that underpins most cryptocurrencies? Let’s compare.

CBDCs vs cryptocurrencies

Forthcoming CBDCs are both similar to and distinct from existing cryptocurrencies. They are paperless, like bitcoin and backed, like stablecoins. But unlike bitcoin, they’re centralized; and unlike stablecoins, they’re government-issued.

A new breed of blockchain

Most countries looking to issue a CBDC will use blockchain technology to do so, but these blockchains will be different from the ones that have come before. The central banks of Sweden and France, for example, have moved forward with CBDC pilots that use permissioned blockchains—a centralized variation on the technology used by bitcoin and ether.

CFTC Commissioner Opposes Crypto Regulation Enforcement, Demands More Clarity

A commissioner for the CFTC believes that regulators should provide more clarity on cryptocurrency compliance before penalizing alleged infringements.

Dawn Stump, the lone Republican on the five-member Commodity Futures Trading Commission (CFTC), has become an increasingly vocal opponent of “regulating through enforcement,” which she says has been happening with greater frequency recently. “What I discourage here at the CFTC is bringing enforcement actions without giving [their targets] the tools they need to be compliant,” Stump said in an interview.

How a Collection of 1M Music NFTs Could Mint the Next Platinum Record

Deadmau5 and Portugal. The Man are debuting NFTs of their new single at Miami’s Art Basel festival.

MIAMI — Electronic music producer deadmau5 and rock band Portugal. The Man are looking to non-fungible tokens (NFTs), not music streaming services, to sell their next platinum record.

The artists’ newest song “this is fine” is being sold exclusively as a collection of 1 million NFTs on the Mintbase NFT marketplace, which runs on the Near blockchain, with tokens going on sale Thursday.

Binance acquires 18% stake in Singapore-regulated Hg Exchange

BINANCE will acquire 18 per cent of Singapore-regulated private securities exchange, Hg Exchange (HGX).

The embattled crypto exchange will acquire the post-money stake, which includes its own investment, via its Singapore arm, Binance Asia Services. This move comes after Binance has mulled leaving the island republic over its regulatory licence limbo.

The acquisition could help with Binance's regulatory hurdles, as HGX was recently granted a recognised market operator licence from the Monetary Authority of Singapore. Other than private companies, HGX is working to list alternative assets such as wine, art and real estate.

Gemini and Bancolombia to launch crypto pilot this month

Quick Take

Gemini and Colombian bank Bancolombia will launch a yearlong pilot project for cash-in and cash-out operations on Dec. 14.
The program is part of Colombia’s regulated sandbox for financial technology

Certain Bancolombia customers will soon be able to buy cryptocurrencies more easily, thanks to a pilot project launching next week that will allow users of the Colombian bank to link their accounts to New York-based exchange Gemini.

5 year study looks at if token rewards can improve HIV patient outcomes in Africa

A Kenyan university and a blockchain healthcare provider will join forces to study whether Africa’s HIV crisis can be helped by using crypto and blockchain technology.

A groundbreaking five-year study into whether crypto token incentives can improve health outcomes for patients with HIV/AIDS will be launched in Kenya by the end of the year.

Last Wednesday, the blockchain-powered healthcare ecosystem Immunify.Life and the Masinde Muliro University of Science and Technology (MMUST) announced they had secured the approval needed from an ethics committee and the national commission to launch the study.

beToken my Friend EN

Discussion about this post

Ready for more?