March 2021
Dear dWeb Enthusiast,
In some areas of government and industry there is still a lingering perception that crypto is either too futuristic to require immediate interest, or something that IT types play around with, not to be taken seriously.
But the explosion of cryptocurrencies over the last 18 months has forced the hands of governments, corporations and banks. In some cases this has been a 'cracking down' with banks demanding regulatory change to deal with crypto, and some governments attempting to 'ban' the currencies and implement stringent taxation requirements. Most of our insights articles this month have looked at the bigger picture for crypto, along with what it means for monetary systems in general.
This week PwC predicted an increase in the institutionalisation of crypto, driven by the digital token bull market as well as media attention on central bank digital currency (CBDC), stablecoins, DeFi, and non-fungible tokens. They also predicted that there will be a large number of mergers and acquisitions in the crypto arena over the next twelve months, and this is likely to be seen more in the Asian markets.
Visa has also said it is now open to crypto partners, and is piloting a program to let cryptocurrency platforms settle transactions using a stablecoin backed by the US dollar. With such high level interest in blockchain in general and crypto in particular, and the massive value rise of crypto, the luddite attitude must surely be put to bed this year!
At dWeb Guide we like to offer more than just the news. Our Insights are exactly that; insightful articles, deep dives and editorials - plus some fun items on the side.
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Traditional Banks in a Crypto World
Traditional banks are still a middle man in cryptocurrencies. While crypto credit cards are on the rise, you still need fiat money - and cash - for many purchases. For crypto platforms, that process of converting digital assets to traditional currencies adds cost, time and complexity, but, as we saw above with Visa, more avenues are opening for people to get paid in Crypto and then be able to use it easily. But are traditional banks an endangered species? Can they work with crypto? Contributor Kenny Fowler looks at the role of banks in a new decentralised world.
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New logo for Social Media
As much as we love our clever decentralised web jellyfish logo, we needed something simpler for our social media. Our designer has done a great new icon for us, and even created our first crypto coin. What do you think?
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Blockchain Domains + IPFS = dWeb
For web 2.0, domain names need centralised managers, and content is stored on servers controlled by a third party. This means your website can be taken down relatively easily. dWeb domain registries from Unstoppable Domains are built on blockchains. Find out in this video how this makes your dWeb site far more secure.
Original video published with the Creative Commons Attribution License (reuse allowed).
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DID YOU KNOW? dWeb Mythbusters
MYTH: Blockchain's Only Application is Cryptocurrency
FACT: Blockchain and cryptocurrency go together like peanut butter and jelly and are outstanding together, but they also work brilliantly on their own. There isn't just one use for blockchain. Every business and industry can use the underlying technology of distributed ledgers.
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March Jellyfish Fact
How many times have you heard people say that when you get stung by a jellyfish you must immediately urinate on the sting. Maybe you are one of those that have already tried the remedy. Or maybe you have tried sprinkling meat tenderizer, lemon juice or alcohol. But according to the Mayo Clinic these are old wives tales and can cause the venom in the sting to release more toxins and burn more. There are two things that help when you get stung by a jellyfish. Rinsing a sting with vinegar helps prevent venom from being released if any parts of the jellyfish are still attached to your skin. If you don’t have vinegar handy, use seawater to rinse the stung area and remove the tentacles, which will continue to sting as long as they’re touching your skin. Soaking the injury in hot water for 20 to 45 minutes can also help relieve pain. Seek medical attention if you have shortness of breath, hives, or other symptoms of allergic reaction or shock.
What's with the jellyfish? The dWeb Guide logo is a jellyfish because they have no central nervous system: the perfect symbol of a decentralised system.
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LATEST DWEB, CRYPTO & BLOCKCHAIN NEWS HEADLINES
Three-year-old Bitcoin educator speaks at crypto conference Cointelegraph - March 08
Coindesk - March 22
Blockchain.news - March 22
Coindesk - March 22
Cointelegraph - March 23
Cointelegraph - March 23
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