Chain Reaction - 14th August 2023
City of Sydney sponsorship and heading off to Melbourne
What a huge week as we got to announce this support from the City of Sydney for the Aus DeFi Association https://twitter.com/AusDeFi/status/1689033749625737216
We also got to do a cool podcast with Paul Conyngham, co-founder of DSAI (Data Science and AI Association of Australia). Preview videos here https://twitter.com/AusDeFi/status/1689770112587579392
And full video here:
We also out our support for this post from Blockchain Australia and their fight to combat scams. We are fully supportive but also keen to ensure we don’t stifle innovation for our web3 builders and commuinty. See the full statements here https://www.linkedin.com/feed/update/urn:li:share:7095610138484486144/Â
Also this week, we’re off to Melbourne to run a meetup with the folks at Greythorn. We’ll have CoinTree on stage with us too and the man himself, Anthony Sassano from The Daily Gwei - sign up here https://www.meetup.com/aus-defi-association-melbourne/events/295149008/
NewsÂ
First up, it’s a great article here from Chapter Lead, Liya Dashkina who covers how web3 tech can change how we imagine commerce https://www.mybff.com/discover/can-commerce-be-decentralized-how-web3-is-reimagining-the-online-shopping-experience
In another move that strikes a blow to crypto innovation in the US, we see Revolut also pull out of that market whilst regulatory uncertainty remains. https://www.reuters.com/technology/revolut-stop-crypto-services-us-customers-2023-08-04/Â
In further news to add to the legitimacy of blockchain tech, we see PayPal issuing their own stablecoin (PayPalUSD) https://www.bloomberg.com/news/articles/2023-08-07/paypal-launches-us-dollar-stablecoin-pyusd-for-payments-transfers#xj4y7vzkgÂ
Missed it last week but CBA announced crypto transfer limits for customers of no more than $10k they can move before it gets declined https://www.news.com.au/finance/money/costs/commonwealth-bank-announce-cryptocurrency-transfer-limits/news-story/18d72aca5df12ea208d0c9c26c68691fÂ
Did you know Peroni was already into blockchain? Probably not but they've been using it on tracking their supply chain. Check out this post from Michael Nadeau https://www.linkedin.com/posts/michael-austin-nadeau_did-you-know-that-peroni-beer-is-one-of-the-activity-7094308585450418176-IOhr?utm_source=share&utm_medium=member_androidÂ
Hedera and Fresh Supply Co made this announcement of real world asset tokenisation and payment triggers for agricultural clients https://twitter.com/HBAR_foundation/status/1688537412509540353?t=fatH_jSfIIT8MqaQKvdyDQ&s=19
If you ever wanted to learn about ZK technology then this might be of use to you https://www.linkedin.com/feed/update/urn:li:activity:7094638256088096768?utm_source=share&utm_medium=member_androidÂ
Congratulations to the good folks at Canvas for this new strategic alliance announcement with BitBond https://www.linkedin.com/posts/canvasblockchaingroup_canvas-and-bitbond-form-strategic-alliance-activity-7094919316533358592-O3CE?utm_source=share&utm_medium=member_androidÂ
There’s also this great piece from our friends at TRM Labs on parasite exchanges which are those where KYC and AML are weak. Read more here https://www.trmlabs.com/post/parasite-exchanges-backdoors-of-illicit-finance-in-cryptoÂ
Finally, there’s this episode from Bankless covering the latest news with things like BASE launch kicking off on-chain summer, Polygon vs zKSync and more
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Tune in next week for another episode of Chain Reaction
About Aus DeFi Association
The Australian DeFi Association (Aus DeFi) is a non-profit community organization dedicated to increasing education and awareness of blockchain technology, specifically decentralized finance (DeFi) and web3-based projects. Their goal is to empower the Australian community with the knowledge and tools to participate in the decentralized economy, and to promote the adoption and growth of blockchain technology in Australia. They strive to provide a more grassroots approach to promoting blockchain technology compared to other industry-focused organizations in Australia, and to provide a platform for community members to learn about and engage with this emerging technology.
You can watch our recorded meetups and interviews here on YouTube:Â https://www.youtube.com/@ausdefiassociation3956/videos
Sponsors
We also thank all of our sponsors who help us run and organise and keep this association going. We could not do it without them so check out their details here