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? The Dinarian on Locals brings you the latest in news, interviews, in-depth conversations, and stories from across the blockchain and global communities—within and beyond cryptocurrency ?. Experts delve into how blockchain technology is reshaping industries, enhancing business networks ?, transforming transaction workflows, and advancing distributed ledger systems ??. We also explore intriguing topics that may venture into the realm of conspiracies—and so much more!
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šŸ‘‡šŸ» THETA PATENT PUBLISHED 1/4 šŸ‘‡šŸ»

#20240005350
šŸ‘‰- Edge Computing Platform Supported by Smart Contract Enabled Blockchain Network with Off-Chain Solution Verification

Credit to @StevensJoe11

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How The Sonic Gateway Functions šŸ“š

Smells like mainnet is around the corner, so why not a refresher on how the Sonic Gateway functions

https://x.com/sonicuniversity/status/1866040722669051967?s=19

00:01:20
NATO: From Tanks To Tweets

From tonight's sub stream annotating the Rogan episode with receipts.

The World Does Need To See This Crap!

THEY are not giving up yet, The battle for worldwide FREEDOMS reign on!šŸŗšŸ‘

00:02:26
šŸ”„ Crypto-Saves-Lives šŸ”„

Still a skeptic? Watch the onchain effect of @Decaf_so, @StellarOrg,
@MoneyGram, and @circle in Colombia.

#Stellar #XLM

00:11:09
šŸ‘‰ Coinbase just launched an AI agent for Crypto Trading

Custom AI assistants that print money in your sleep? šŸ”œ

The future of Crypto x AI is about to go crazy.

šŸ‘‰ Hereā€™s what you need to know:

šŸ’  'Based Agent' enables creation of custom AI agents
šŸ’  Users set up personalized agents in < 3 minutes
šŸ’  Equipped w/ crypto wallet and on-chain functions
šŸ’  Capable of completing trades, swaps, and staking
šŸ’  Integrates with Coinbaseā€™s SDK, OpenAI, & Replit

šŸ‘‰ What this means for the future of Crypto:

1. Open Access: Democratized access to advanced trading
2. Automated Txns: Complex trades + streamlined on-chain activity
3. AI Dominance: Est ~80% of crypto šŸ‘‰txns done by AI agents by 2025

šŸšØ I personally wouldn't bet against Brian Armstrong and Jesse Pollak.

šŸ‘‰ Coinbase just launched an AI agent for Crypto Trading
šŸšØ BlackRock Moves Bitcoin into Thousands of New Wallets!

Reports indicate that BlackRock has shuffled approximately half of their client Bitcoin holdings into thousands of new wallets, with roughly 600 BTC per wallet. šŸ¤Æ

šŸ’­ Speculation is buzzing:

šŸ‘‰ Is this for liquidity management?
šŸ‘‰ Custodial reorganization?
šŸ‘‰ A strategic play for upcoming market moves?

šŸ” Official confirmation is awaited, but such significant wallet activity raises questions about their next move in the crypto space.šŸŒšŸ’ø

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šŸ’„ @SboomFi - One of the first projects on Sonic! šŸ’„

Sboom is a next-generation decentralized exchange built to harness the power of Sonic's EVM Layer-1 blockchain.

Let's start exploring the Sonic chain!

$S $FTM

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Microsoft Set to Vote on Adding Bitcoin to Its Portfolio This Week šŸ—³

Microsoft's shareholders are preparing for a pivotal decision on December 10 regarding the companyā€™s potential investment in Bitcoin.

Despite Bitcoinā€™s meteoric rise, fueled by growing institutional interest and public endorsements from high-profile figures, Microsoftā€™s board remains cautious. The proposal, submitted by a think tank advocating Bitcoin as a hedge against inflation, faces significant resistance from the board, which cites existing investment strategies and the speculative nature of Bitcoin.

The vote will determine whether Microsoft adds Bitcoin to its balance sheet, marking a crucial moment for both the company and the broader cryptocurrency market. While proponents of the move believe it could solidify Bitcoinā€™s standing as a mainstream financial asset, skeptics, including Microsoft co-founder Bill Gates, argue against its intrinsic value. Gatesā€™ reservations echo broader criticisms that Bitcoinā€™s volatility undermines its appeal as a stable investment.

This decision ...

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Banks Eye Stablecoins to Accelerate Cross-Border Innovation

Few bottlenecks across the payments landscape have been more intractable than that of cross-border payments.

But with theĀ newsĀ Thursday (Dec. 5)Ā that the U.S. licensedĀ FV BankĀ is now supporting direct USDT stablecoin deposits to simplify cross-border transactions by reducing reliance on traditional wire transfers and fees, cross-border payments optimization could be arriving ā€” for both financial institutions (FIs) and their end-users ā€” faster than anyone could have anticipated.

ā€œThis innovation positions us at the forefront of regulated financial institutions offering comprehensive stablecoin on-ramp and off-ramp services. We have also seamlessly integrated our blockchain analytics tools to pre-screen and detect transactions which may be linked to sanctions or AML activity ensuring our compliance with regulations,ā€Ā Miles Paschini, CEO of FV Bank, said in aĀ release.

Paschini also noted that by eliminating the dependency on traditional bank wires and exchange fees, FV Bankā€™s USDT direct deposit feature offers a streamlined option for high-volume and smaller-scale international transfers alike.

Traditional cross-border payments are notorious for high fees, slow processing times and opaque intermediaries. Stablecoins offer aĀ compelling alternativeĀ by allowing near-instantaneous transfers, significantly lower costsĀ and enhanced transparency through blockchain technology. However, their utility has been somewhat limited by the difficulty of moving funds between stablecoins and fiat currencies ā€” a gap that on-ramp and off-ramp services aim to fill.

For banks, this functionality highlights the emergence of a potentially stark choice: adapt to a changing payments landscape or risk disintermediation.

How Blockchain Can Revolutionize Payments

The integration of on-ramp and off-ramp services into the mainstream financial ecosystem is both a threat and an opportunity for banks. On one hand, these services encroach on a core banking function ā€” facilitating the transfer and conversion of money. If consumers and businesses find stablecoins easier and cheaper to use for international payments, they may bypass traditional banking systems altogether, reducing banksā€™ revenue from foreign exchange and remittance fees.

ā€œBlockchainĀ solutions and stablecoinsĀ ā€” I donā€™t like to use the term crypto because this is more about FinTech ā€” theyā€™ve found product-market fit in cross-border payments,ā€Ā Sheraz Shere, general manager ofĀ paymentsĀ and commerce atĀ Solana Foundation, told PYMNTS earlier this year. ā€œYou get the disintermediation, you get the speed,Ā you get the transparency, you get extremely low cost.ā€

On the other hand, banks have a unique opportunity to integrate these services into theirĀ ownĀ operations. By partnering with stablecoin issuers or developing proprietary on-ramp solutions, banks can position themselves as the trusted gateway to the digital economy. Such integrations could also help banks tap into new revenue streams, such as fees for stablecoin transactions or value-added services like digital asset custody and compliance solutions.

For example, small- t0 medium-sized businesses (SMBs) stand to potentially benefit immensely. These businesses, often priced out of traditional cross-border payment solutions, can leverage stablecoins to reduce costs and improve cash flow. Similarly, remittances ā€” a lifeline for millions of families worldwide ā€” could become more affordable and accessible.

ā€œWhen individuals log into their online banking accounts or mobile apps,Ā the processesĀ that weā€™re taken through to make a cross-border payment are not very transparent,ā€Ā Andy Elliott, vice president of strategy atĀ EvonSys, told PYMNTS.

Ā 

ā€œIt takes too long. Itā€™s relatively expensive and unnecessarily complex.ā€Ā 

The Long and Winding Regulatory Road Ahead

PYMNTS Intelligence has found that using cryptocurrencies forĀ cross-border paymentsĀ could be the winning use case that the sector has been looking for. The research revealed that blockchain-based cross-border solutions,Ā particularly stablecoins,Ā are being increasingly embraced by firms looking to find a better way to transact and expand internationally.

Yet, the transition is not without challenges. Regulatory scrutiny remains a significant hurdle. Governments and central banks are keen to maintain control over monetary policy and prevent financial crimes like money laundering. For on-ramp and off-ramp providers, navigating these complexities is crucial to ensuring trust and adoption.

In its newly released 2024Ā annual report, the U.S. Financial Stability Oversight Council (FSOC) made special mention of the fact that stablecoins do not have adequate safeguards against risks and failures.Ā 

ā€œAs the council has stated over the last several years, stablecoins continue to represent a potential risk to financial stability because they are acutely vulnerable to runs absent appropriate risk management standardsā€¦Ā The Council recommends that Congress pass legislation creating a comprehensive federalĀ prudential framework for stablecoin issuers to address run risk, payment system risks, market integrity, and investor and consumer protections, including for entities that perform services critical to the functioning of the stablecoin arrangement,ā€ the annual report stated.

In the end, the success of stablecoin on-ramps likely hinges on striking a balance between innovation and trust, between efficiency and compliance. For banks, this may be a challenge worth rising to. For the payments industry, it could prove to be a sign of the future arriving faster than anyone might have anticipated.

Ā 

Link

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Banks Eye Stablecoins to Accelerate Cross-Border Innovation

Few bottlenecks across the payments landscape have been more intractable than that of cross-border payments.

But with theĀ newsĀ Thursday (Dec. 5)Ā that the U.S. licensedĀ FV BankĀ is now supporting direct USDT stablecoin deposits to simplify cross-border transactions by reducing reliance on traditional wire transfers and fees, cross-border payments optimization could be arriving ā€” for both financial institutions (FIs) and their end-users ā€” faster than anyone could have anticipated.

ā€œThis innovation positions us at the forefront of regulated financial institutions offering comprehensive stablecoin on-ramp and off-ramp services. We have also seamlessly integrated our blockchain analytics tools to pre-screen and detect transactions which may be linked to sanctions or AML activity ensuring our compliance with regulations,ā€Ā Miles Paschini, CEO of FV Bank, said in aĀ release.

Paschini also noted that by eliminating the dependency on traditional bank wires and exchange fees, FV Bankā€™s USDT direct deposit feature offers a streamlined option for high-volume and smaller-scale international transfers alike.

Traditional cross-border payments are notorious for high fees, slow processing times and opaque intermediaries. Stablecoins offer aĀ compelling alternativeĀ by allowing near-instantaneous transfers, significantly lower costsĀ and enhanced transparency through blockchain technology. However, their utility has been somewhat limited by the difficulty of moving funds between stablecoins and fiat currencies ā€” a gap that on-ramp and off-ramp services aim to fill.

For banks, this functionality highlights the emergence of a potentially stark choice: adapt to a changing payments landscape or risk disintermediation.

How Blockchain Can Revolutionize Payments

The integration of on-ramp and off-ramp services into the mainstream financial ecosystem is both a threat and an opportunity for banks. On one hand, these services encroach on a core banking function ā€” facilitating the transfer and conversion of money. If consumers and businesses find stablecoins easier and cheaper to use for international payments, they may bypass traditional banking systems altogether, reducing banksā€™ revenue from foreign exchange and remittance fees.

ā€œBlockchainĀ solutions and stablecoinsĀ ā€” I donā€™t like to use the term crypto because this is more about FinTech ā€” theyā€™ve found product-market fit in cross-border payments,ā€Ā Sheraz Shere, general manager ofĀ paymentsĀ and commerce atĀ Solana Foundation, told PYMNTS earlier this year. ā€œYou get the disintermediation, you get the speed,Ā you get the transparency, you get extremely low cost.ā€

On the other hand, banks have a unique opportunity to integrate these services into theirĀ ownĀ operations. By partnering with stablecoin issuers or developing proprietary on-ramp solutions, banks can position themselves as the trusted gateway to the digital economy. Such integrations could also help banks tap into new revenue streams, such as fees for stablecoin transactions or value-added services like digital asset custody and compliance solutions.

For example, small- t0 medium-sized businesses (SMBs) stand to potentially benefit immensely. These businesses, often priced out of traditional cross-border payment solutions, can leverage stablecoins to reduce costs and improve cash flow. Similarly, remittances ā€” a lifeline for millions of families worldwide ā€” could become more affordable and accessible.

ā€œWhen individuals log into their online banking accounts or mobile apps,Ā the processesĀ that weā€™re taken through to make a cross-border payment are not very transparent,ā€Ā Andy Elliott, vice president of strategy atĀ EvonSys, told PYMNTS.

Ā 

ā€œIt takes too long. Itā€™s relatively expensive and unnecessarily complex.ā€Ā 

The Long and Winding Regulatory Road Ahead

PYMNTS Intelligence has found that using cryptocurrencies forĀ cross-border paymentsĀ could be the winning use case that the sector has been looking for. The research revealed that blockchain-based cross-border solutions,Ā particularly stablecoins,Ā are being increasingly embraced by firms looking to find a better way to transact and expand internationally.

Yet, the transition is not without challenges. Regulatory scrutiny remains a significant hurdle. Governments and central banks are keen to maintain control over monetary policy and prevent financial crimes like money laundering. For on-ramp and off-ramp providers, navigating these complexities is crucial to ensuring trust and adoption.

In its newly released 2024Ā annual report, the U.S. Financial Stability Oversight Council (FSOC) made special mention of the fact that stablecoins do not have adequate safeguards against risks and failures.Ā 

ā€œAs the council has stated over the last several years, stablecoins continue to represent a potential risk to financial stability because they are acutely vulnerable to runs absent appropriate risk management standardsā€¦Ā The Council recommends that Congress pass legislation creating a comprehensive federalĀ prudential framework for stablecoin issuers to address run risk, payment system risks, market integrity, and investor and consumer protections, including for entities that perform services critical to the functioning of the stablecoin arrangement,ā€ the annual report stated.

In the end, the success of stablecoin on-ramps likely hinges on striking a balance between innovation and trust, between efficiency and compliance. For banks, this may be a challenge worth rising to. For the payments industry, it could prove to be a sign of the future arriving faster than anyone might have anticipated.

Ā 

Link

Read full Article
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BAT Roadmap 3.0: The On-Chain Era

The focus for BAT Roadmap 3.0 isĀ on-chain growth. Within the Brave Rewards and Brave Creators ecosystems, this means disintermediating the way BAT flows through the platform, expanding self-custody options for payments and contributions, and providing users with new avenues to earn and utilize BAT. Beyond Brave, our focus will be to promote BAT growth and adoption in the broader attention economy, acrossĀ allĀ blockchains that can support BAT. This means providing even more opportunities for projects, dApps, and creators to integrate BAT utility and grow with the Brave and BAT userbase.

UsefulĀ roadmapsĀ provide general direction, while also being flexible enough to anticipate unforeseen challenges. As we iterate and find market fit, it is expected that some roadmap items may become less of a focus over time, while others are emphasized.

BAT in Brave Rewards

In line with BAT Roadmap 3.0, we aim to releaseĀ Brave Rewards 3.0 in the first quarter of 2025,Ā an upgraded Brave Rewards experience.

With Brave Rewards 3.0, we aim to include:

New ways to earn rewards

  1. Draws where users can receive larger BAT amounts, earnings multipliers, and other bonuses
  2. Rewards for completing on-chain quests
  3. Rewards for completing surveys

New self-custody options

Expand self-custody payout options to support a wider range of blockchains and Layer 2 networks.

Redesign and UX overhaulĀ 

Rewards 3.0 will include a totally refreshed design and user experience. This new design implements a modular framework, making it easier to:

  1. Showcase BAT utility cases (dApps, shopping, etc.)
  2. Compose new Brave Ads experiences and earning opportunities
  3. Integrate Pay with BAT where appropriate within Rewards UX
  4. Improve Brave Creators discovery and better connect users with creators

Rewards Offer Wall

  1. Introduce a newĀ Rewards Offer WallĀ with exclusive benefits for Brave Rewards users. The Offer Wall will include a combination of both dynamic, locally-matched offers, and persistent partner deals.Ā 
  2. Integrate the Brave Ads system to work in tandem with the Offer Wall. For example, use Brave Adsā€™s local machine learning algorithms to show notifications whenever an offer on the Offer Wall is particularly relevant to a user, is unlocked, or in response to a series of actions the user takes.

Disintermediation

  1. Continue to develop and publish work onĀ Boomerang, our decentralized, privacy-preserving, and verifiable incentive protocol
  2. Find and work with blockchains and smart contract platforms that can support the implementation of Boomerangā€™s smart contractsĀ 

BAT in E-commerce

  1. Pay with BAT for Brave Products likeĀ Brave PremiumĀ (Brave VPN, Talk, Leo, etc.)
  2. Pay with BAT forĀ Brave Merch StoreĀ items
  3. Add support for BAT on major crypto payment rails

BAT in Brave Creators

Expand supported platforms

  1. Significantly increase the number of social platforms available for creators to register their accounts/channels with Brave Creators, including Rumble, Odyssey, and more. This allows creators to collect BAT and other on-chain crypto contributions across a wider range of platforms.
  2. Partner with Web3 creator platforms to integrate BAT support, along with other utility incentives.

Expand blockchain and Layer 2 support for contributions

  1. Enable creators to link on-chain addresses from more blockchains and Layer 2 networks to their sites and channels, particularly those that support BAT.
  2. Add support for Web3 domain names.

On-chain subscriptions

Allow users to set up scheduled, on-chain subscriptions to Brave creators.

Creator Growth Program

The Creator Growth Program aims to use Brave Ads to grow a creator audience and revenue through collaborations with the Brave & BAT community. It will provide creators with special access to Brave partners, including leading edge AI and Web3 services and tools.

BAT in AI

Research and develop BAT utility cases in AI.Ā AttentionĀ is both a term of machine learning art and a real human factor in generative AI, so we will experiment with possible roles for BAT inĀ Brave Leo, beyond inclusion in the imminent pay-with-crypto premium option.

BAT Community

BAT Ambassadors Program

  1. Launch Brave Ads Self-Serve referral program exclusive to BAT Ambassadors.
  2. Promote multichain BAT adoption with Ambassador-led workshops.Ā 
  3. Drive BAT adoption in new regions through content localization and culturally relevant initiatives led by local Ambassadors.

Partnerships

  1. Collaborate with Web3 brands and platforms to amplify community-driven content and BAT utility.
  2. Partner with creators & KOLs for BAT-themed activations.
  3. Host exclusive events with existing Web3 partners for BAT holders.

Programs

  1. BAT x Adam ApeĀ NFT program: explore bearer utility program for NFT holders. Potential examples include exclusive access, discounts on Brave Premium products and BAT/Brave merch,Ā  etc.
  2. Incentivize translation and localization educational BAT content.

Content and Collaboration

  1. Broaden BAT Community ECHO NFT magazineā€™s reach through creator partnerships, promoting BAT adoption with trend-focused content and additional issues available for BAT holders.
  2. Spotlight BAT-enabled Brave Creators to highlight success stories and on-chain journeys.

Link

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