Jordi Planadecursach

📢 Exciting news update from Camino Network Foundation: 1. More than 100'000 transactions reached on mainnet beginning of June 🎉 What is a transaction? A transaction represents an action taking place on a blockchain network. There are diffrent types of transactions: the transfer of cryptocurrency from one wallet to another, the deployment of a smart contract and interacting with a smart contract or storage of data on the blockchain. Why celebrate 100k transaction when other blockchains claim to have millions of transactions in comparison? Generally speaking the biggest portion of blockchain transactions are made by DeFI and token trading (buying, selling, swapping etc). Depending on the chain, it can be between 60% - 90% of the transactions. On the Camino Network, all these transactions are real world transactions of companies using the chain for a variaty of use cases (check our partner section to keep up to date: https://lnkd.in/eE-wu8QY) and there are more than 40 other projects being worked on. My personal prediction is 1 Mio transactions on Camino by end of 2024 (happy to accept bets on it ;-) ) 2. Preparing for Listing on a CEX in Q4 / End of Public Sale Our partner Fireblocks is working on the intergration of the Camino Network and the plan is to list the Camino Token in Q4 2024. The current ongoing public sale will be closed in less than a week (on June 17, 2024). This will mark another significant milestone for our community and bears a final opportunity to participate at the public sale price. Read full update from Thomas Stirnimann: https://lnkd.in/enqkYqRj

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IMHO: A token is just a good old book-entry that happens to be on blockchain/DLT. Blockchain/DLT is just a shared ledger that happens to get its integrity maintained by a peer-to-peer network instead of a trusted third party. How the book-entries are interpreted gives them a meaning. Is it a bearer bond? Registered bond? Apples? Pears? So if we use ERC-20 to represent a bearer bond, then it's still a bearer bond that happens to be represented as a book-entry on a blockchain using the ERC-20 standard. So why bothering calling it a token. It's a bearer bond. ERC-20, ERC-721, UTXO, Runes, etc., for me these are just different technical representation of the transaction and account book. That said calling ERC-20 a *token* standard is extremely misleading. Any accountants out there to give it a better name? 😀

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Today is a big day. Crossmint is now registered with the Bank of Spain to offer crypto regulated services. Crypto is still the wild west. But we're committed to doing things the right way. Companies want partners they can trust, and who follow the rules. We’re investing heavily in compliance, building the teams, and setting up standards for how we think the industry should think about these problems. Getting regulated is definitely not the easiest path. But we strongly believe it's the best one. It is also the best way to shape regulation. Policy makers have a tough job. The industry moves at lightning speed, is technically complex, and systemically important. We will be a strong voice, working hard to help them make the best decisions for consumers. The world’s coming onchain. We're here to make that happen, faster. But also sensibly.

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Back to reality with tech valuations, hope we learn something out of it ! Many startups thrived after a down round like Ramp (valued at $5.8 billion, a 28% haircut from its previous $8.1 billion price, but later regained some of its value) #startups #venturecapital

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SafeBurst Update! - BNB Payment Contract live on mainnet, fully tested ✅ - Double opt-in API live and working 🎉 - New risk disclaimer, terms, and privacy policy uploaded 📜 - EU law compliance wrapping up with tomorrow's cookie policy 🍪 - Mailgun business verification & dedicated IPs in progress 🔐 - SEO for SAFO & SafeBurst websites started 🔍 - SAFO payment option on SafeBurst launching tomorrow with 10% discount 💸 - Zoom meeting with Mailgun on Monday for deeper collaboration 🤝 #SafeBurst #SAFO #Blockchain

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Imagine a scenario where a token issuer has made a request for token minting but hasn’t completed the payment. What happens in that case? Will the platform mint the tokens? If yes, what does the platform do in case the issuer refuses to make the payment? Who bears the loss incurred in this case? OPI’s delivery vs. payment protocol is strategically designed to address such situations. So what exactly does OPI’s delivery vs. payment protocol do? In the case when the issuer requests the minting of tokens on the OPI’s asset tokenization platform, the tokens are minted but they remain frozen until the buyer completes payment. It's a simple yet powerful concept: You can't use what you haven't paid for. The delivery vs. payment protocol ensures that transactions are conducted with utmost integrity and transparency. Unlock the full potential of tokenized assets with OPI. Build a future that's built on trust. https://oasisprosto.com/ Oasis Pro #tokenization #blockchain #dvp

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It was a pleasure attending the StartUp Festival last week, where we discussed the evolving blockchain ecosystem, particularly in relation to the Maltese islands. The technological advancements of the past five years have brought blockchain into the mainstream, enabling millions of people to integrate blockchain-based products into their daily lives. We now see billions of dollars transferred via blockchain, particularly in cross-border payments, a thriving on-chain ecosystem for lending, trading, and yield generation, and even multinational banks issuing ETFs and funds on-chain. These are just a few examples of the progress made. Malta has been instrumental in shaping service provider regulation, with the VFA Act laying the groundwork for the upcoming MiCA regime, which will come into effect in just a few months. This regulation marks an important step toward improving consumer safety and moving the industry beyond the "wild west" era of ICOs and scandals like the FTX debacle. However, more needs to be done if we are to fully capitalize on this technology as a nation. To truly harness the potential of blockchain, we should focus on several key areas: 1. Expand DeFi Regulation: We must build on the experience gained from developing the VFA Act by moving into the DeFi space. Hundreds of companies globally are seeking to offer regulated on-chain services, yet there is a significant gap in DeFi-focused legislation worldwide. Malta can lead by filling this void. 2. Encourage Local Adoption: We should inspire local businesses and entrepreneurs to embrace blockchain technology to create innovative experiences for end users. The technology is here and, in many cases, open source, eliminating barriers to entry for smaller businesses. No permission is required to innovate and build on blockchain. But we cannot afford to wait. Once again, it is not enough to be a late adopter of transformative technology. We must be bold and take risks now, or we risk missing a significant opportunity to lead in innovation. Our small size is an advantage, allowing us to be agile and experiment quickly—let’s use that to our benefit. Lastly, I would like to extend my gratitude to the organisers at StartinMalta for hosting such a fantastic event.

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Finally seeing an open-source LLM can match closed source LLM!

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I've spoken to several developers building #blockchain solutions in Europe. Most of them find It difficult to navigate the complex EU regulatory maze when starting, not to mention quite boring too! 😅 Hopefully, I can simplify this for you here: 1️⃣ #MiCAR: Markets in Crypto Assets Regulation Dapps that require digital assets like cryptocurrencies, stablecoins or utility tokens. Challenge: Adapting to new compliance standards, innovating within the rules, and obtaining licenses. Solution: 📌 Regulatory #Sandbox: Use the Sandbox provided by the ESMA (European Securities and Markets Authority) or other national authorities. Here you can conduct live experiments in a controlled environment. 📌 Token #Simulation: Use token simulation tools to visualise and simulate the behaviour of your tokens over time, eventually identifying and mitigating potential risks. 📌 Stay Informed and Get #Help: Engage proactively with EU regulators. Get support from legal and regulatory experts. 📌 Invest in compliance #technology: Helps you compete with larger companies with bigger budgets with compliance. -- 2️⃣ #GDPR: General Data Protection Regulation Blockchain companies that store user identities Challenge: Keeping data safe while using a transparent and permanent system like a blockchain. It must allow users to delete it if they want Solution: 📌 Store-Off Chain: Keep sensitive data #off the blockchain and only store necessary references/ hashes on it. 📌 Zero Knowledge proofs: Use #ZK proofs and other privacy technologies to minimise data exposure while remaining compliant. 📌 Data #Encryption and #Pseudonymization: These techniques help protect personal data. -- 3️⃣ #eIDAS (Electronic Identification, Authentication and Trust Services) Companies providing digital products and services would like to scale their business across the rest of EU member states. For example, a platform for creating and verifying digital #signatures. Challenge: Lack of #trust and #Interoperability of digital services across EU member states. Adapting to different national standards. Solution: 📌 Partnerships with Trusted-Service Providers (#TSPs): This will streamline the integration process and help obtain relevant #certifications. 📌 Invest in interoperability with eIDAS-compliant #platforms. This ensures you can quickly accept eIDs and trust services from other member states and vice versa. -- I will post the link in the comments discussing the last 2 👇 : 4. #AML – Anti-Money Laundering Regulations and 5. #DSA (Digital Services Act) / DMA (Digital Markets Act) -- Il be around to help out as a mentor in #EthDublin over the weekend so get in touch if you have any questions! #ireland

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🔐 Do you have private keys or only means of access? 🗝️ In the evolving world of crypto, the concept of custodianship is more complex than just custodial or non-custodial. The reality is that most solutions out there slide over a scale, often trying to get the best security for their companies while reducing costs as much as possible. Self-custody itself is no longer a puritan view of “not your keys not your crypto”, as modern MPC solutions are providing alternatives to users where traditional issues (such as backing up mnemonics) are no longer a problem. But are we being transparent as an industry? Do paying users of our services understand from the very beginning what they are buying? A dark pattern I’ve started to see more and more in the industry is the usage of means of access. In short, instead of providing clients with the cryptographic primitives (e.g., private keys) to control or manage the crypto underneath the wallets derived from these, companies give an “equivalent” channel to do so. These companies then “host” the actual primitives behind their own premises, and maintain these channels on behalf of their clients. Passkeys are a great example. As webauthn started to be adopted by Apple, a series of “non-custodial” wallets were suddenly launched to take advantage of this amazing UI. At first, these wallets would actually use the key a Passkey would use (i.e., p256), and leverage on smart contracts to operate (shout out to Clave). Unfortunately, due to the costs of these signatures, as Passkeys are a non-standard in the EVM world, many other companies dropped them for gateways (i.e., servers) that would instead grant access to underlying signing networks or equivalent providers hosting the actual keys. ❗️ At the end of the day, means of access: • Are not cryptographic keys and can not move assets on their own, • Can be revoked anything (in purpose or by accident), • Could be affected by Force Majeure events and fall into a different SLA, and • Might have different security controls to the actual keys When anyone is engaging with a crypto solution, it’s always healthy to ask: where are the private keys? At the end of the day, whoever has these keys, the multi-sig quorum or the majority threshold of the MPC-issued shares, actually controls the money behind the crypto wallets. As regulators worldwide learn more about digital custody, the concept of means of access will be looked at with further security for full-managed private keys services, key management solutions, multi-sig setups and MPC-based wallets. The SEC’s updated custody rule clearly requires full control to qualified custodians, and will unlikely mess around with anything else. I’ve seen providers of the likes of Bastion being very upfront handling these issues from day 1. So, here's the million-dollar question: Are you generating cryptographic keys, or simply providing the means to access them? Do you even know? #DigitalAssets #Custody #Crypto #Regulation

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Gen Z and Alpha, the #future of #fintech? 💳 40% of #prepaid #cards in #Argentina already belong to Gen Z and #Alpha (ages 13-24), with the majority being used in virtual format. This group uses these cards for purchases in #gaming, #entertainment, #professionalservices, #gastronomy, and #streaming. This behavior highlights a clear trend: teenagers are driving financial digitalization. According to our data, 61% of teenagers in the U.S. show increased interest in a brand after seeing its ad, and 65% significantly influence their family’s purchasing decisions. This underscores the importance of offering financial products that are not only innovative but also resonate with their interests and lifestyles. This generation holds enormous potential for #banking/fintech; however, few companies in the U.S. and Latam are strategically focusing on this segment—at least for now. It's no small detail that around the age of 12, we begin to define the brands that will accompany us throughout our lives. This is an excellent time to start building early #loyalty with a customer we can keep for life. It's surely 'cheaper' than convincing a competitor's #customer, isn't it?

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After it's early support for Bitcoin Payments in 2014 that was discontinued in 2018, Stripe is re-entering the cryptocurrency market by allowing merchants to accept payments in USD Coin (USDC) starting this summer. The service will support transactions on the Ethereum, Solana, and Polygon networks. This might help businesses to expand their global reach and offer reliable transactions without needing a bank account or credit card. Stablecoins are increasingly challenging established payment networks like Visa in regard to transaction volumes. Regulatory tailwinds are strong. It looks like the upward trend is expected to continue. #blockchain #stablecoins

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Highlights from Day 2 @EBC10 BCN. Key takeaways: • Custodians need to modernize outdated processes. No joke ;-) • Instantaneous asset distribution and real-time trading are on the horizon. • Tokenization can unlock liquidity, but for secondary you will need to achieve critical mass • Regulatory frameworks like MiCA are shaping the future of tokenized markets. • Standards and Identity are a must ! Exciting future ahead for institutional adoption and digital assets growth! #EBC2024 #Blockchain #DigitalAssets #Tokenization #erc3643 #onchaind

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A new player in the 1000 tokens/sec. SambaNova Systems is a competitor to Groq. They make hardware chips specialised for serving LLMs and have their own LLMs, such as Samba CoE and language-specific models. There are multiple options to try: - The main page https://sambanova.ai/ - The Sambaverse, where they offer a playground to compare two models at the same time: https://lnkd.in/eAHqXkys The Sambaverse offers an API key, but there is no pricing or info about the rate limits, so I asked in their discord channel, and the answer was: "Sambaverse is for proof of concept work, just to test how everything works. When ready to deploy into production, you’ll need dedicated resources provisioned." It is promising to have more companies working on hardware chips to improve the inference speed of LLMs. #ai #llm

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