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SWEEEPING REFORMS AND EFFECT ON STABLE COINS (The Digital Assets Market Structure and Investor Protection Bill.) The sweeping legal reforms and the down-under solution The “Digital Asset Market Structure and Investor Protection Bill” seeks to prohibit stable coins. Proposed US Code section 5104(a) provides that “no person may issue, use or permit to be used … Read more
The “Digital Asset Market Structure and Investor Protection Bill” makes a comprehensive regulation of the crypto industry. It is inevitable. There is much to complain about. However, what it does signal is that distributed ledger technology has come of age. It is no longer the domain of geeks, anarchists or those thumbing their nose to … Read more
The blockchain ecosystem, that is taking the world of technology by storm We are living in a world of rapid change and innovation. Everything around us is changing at an exponential rate and it is shifting the world from one idea to another, not simply to engage and impress people, but to encourage them to … Read more
The new player on the block, a blockchain that is taking the world of technology by storm. Many people have heard of Polkadot, Cardano, Ripple, Ethereum, Solana and Matic. However, few are yet to learn about one of the oldest established blockchains and systems that has proven to be the leader of innovation. A network … Read more
NuGenesis Signs major contract to deliver on much discussed, Hollywood MPSC Platform (Multimedia and Product Service Coin). Want to own an NFT that not only gives you royalties but also gives you bragging rights, giving you the opportunity to own a piece of your favorite movie scene with rights and conditions attached? Taking smart contracts … Read more
Islamic scholars have long had major issues with whether cryptocurrency is permissible, and is it equal or more appropriate to Islamic finance than Fiat? All Monotheism religions have strict rules around finance, and it historically defines currency as commodities with intrinsic value — gold, silver, metals, tradable products, etc. Some may argue that government-issued fiat … Read more
In economics jargon, a fungible token is an asset that can be exchanged on a one-for-one basis. Think of dollars or bitcoins — each one has the exact same value and can be traded freely. By contrast, a non-fungible object like an old house or a classic car, has its own distinct value. Cross this … Read more
Nuchains are the diverse individual layer-1 blockchains that run in parallel on the Nugenesis Network and are secured by its sovereign consensus and validator set. The key to NuGenesis scalable multichain Network, NuChains share in and benefit from the network infrastructure including and not limited to the Ledgerx.exchange, launch pads, cross-chain, and reduced hosting prices. … Read more
The House passed the Eliminate Barriers to Innovation Act (20 April 2021). The passed act requires the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) to establish a working group with the goal of clarifying in which cases the jurisdiction over a certain token belongs to SEC and in which to CFTC. SEC’s Commissioner, Hester … Read more
How much energy does an industry deserve to consume? Right now, organizations around the world are facing pressure to limit the consumption of non-renewable energy sources and the emission of carbon into the atmosphere. But figuring out how much consumption is too much is a complex question that’s intertwined with debates around our priorities as … Read more
