Biz Builder Mike

You can't sail Today's boat on Yesterdays wind - Michael Noel

Curv Forms New Partnership With Solarisbank Subsidiary Solaris Digital Assets

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Curv, a U.S.-based digital asset security infrastructure provider, announced on Tuesday it has formed a new partnership with Solarisbank subsidiary Solaris Digital Assets. Curv reported that the collaboration will extend its reach into Europe while supporting the delivery of Solarisbank’s new custody solution.

While sharing more details about the partnership, Curv Co-Founder and CEO, Itay Malinger, stated:

“Our companies are uniquely aligned to provide a flexible yet secure banking infrastructure that demonstrates the future of global finance,” said   “As a protocol-agnostic technology partner, we deliver a multi-party computation (MPC)-based security infrastructure that eliminates all single points of failure and affords institutions the option of a customized deployment to suit their specific needs for hot, warm, or cold wallet environments.”

Alexis Hamel, Managing Director of Solaris Digital Assets, added:

“As a crypto-custodian fulfilling all license requirements, we offer our partners a cutting-edge custody solution that is also fully compliant with anti-money laundering regulations in Europe. Turning to a segment leader like Curv gives us peace of mind that we can continue to accelerate the adoption of digital assets.”

Founded in 2018, Curv states it mitigates the blockchain’s irreversible single point of failure by eliminating the concept of private keys and providing an enterprise-grade policy engine.

“Curv’s keyless MPC technology and flexible tech stack enable the company to swiftly deliver customized digital asset security solutions required by crypto-native and traditional financial institutions to build world-class cryptofinance products. Curv’s highly scalable and adaptable platform can support hot, warm and cold wallet configurations as well as all tokens and protocols regardless of the underlying blockchain or DLT.”

The partnership with Solaris Digital Assets comes less than six months after Curv secured $23 million through its Series A funding round. Participates included CommerzVentures, Coinbase Ventures, Digital Currency Group, Team8, and Digital Garage Lab Fund.

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Future of Internet and Global Economy Conference to be Held Monday

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Dorado Genesis and Crypto Mondays will be hosting their first ever event, The Future of the Internet and the Global Economy this Monday, according to a press release from the group.

It will consist of cryptocurrency leaders getting involved together in a 3-hour online event, hosting in Puerto Rico, the release notes. It will take place on Zoom.

Topics will cover “bitcoin, mining, stablecoin and staking fundamentals, no barrier entry, entrepreneurship opportunities in crypto, the 4th Technological Revolution and the future of the internet and the global economy,” the release notes.

Speakers include but are not limited to:

  • ANDREW KEYS – Managing Partner at Digital Asset Risk Management Advisors (DARMA Capital), who recently partnered with LiquidStake to tackle the staking Liquidity problem for Ethereum 2.0 with a $50M allocation.

  • BROCK PIERCE – Co-founder of Tether, the #1 most traded cryptocurrency with annual trading volume of over US $10 Trillion and founder of Blockchain Capital, that has helped develop the STO (security token offering) to further secure investments in digital currency. Pierce also ran as an independent candidate for the USA presidential 2020 election.

  • MICHAEL TERPIN – Founder and CEO of Transform Group, whose divisions include Transform PR, a global public relations firm that has served more than 200 clients in the blockchain field and helped launch more than 100 ICO’s and CoinAgenda, a global event series for cryptocurrency investors and blockchain innovators since 2014. Terpin also co-founded BitAngels, the world’s first angel network for digital currency startups and co-founded the Caribbean Blockchain Association in 2015 along with Gabriel Abed and Roger Ver.

  • CRYSTAL ROSE – Entrepreneur, investor and Forbes Top 10 Women in Blockchain. Co-Founder of shEOS, a female-run block producer on the EOS network and the shEOS Foundation, providing computer science scholarships to young women.

  • NICK SPANOS – Founder of the Bitcoin Center, the first physical peer-to-peer cryptocurrency exchange opened just 100 feet from the New York Stock Exchange. Spanos and the Bitcoin Center were also featured in the Netflix movie “Banking on Bitcoin.” Spanos is a holder of blockchain patents, such as voting on the blockchain, and most recently founded the decentralized bonding curve platform Zap.org.

  • SCOTT WALKER – Serial Entrepreneur and founding LP in Blockchain.Capital with investments in Coinbase, Kraken and more. Walker is one of the most knowledgeable crypto investors in the sector.

  • CRAIG SELLARS –  Leads the development of global blockchain innovations as the inventor of the stablecoin, the digital US dollar on top of the Bitcoin blockchain. Co-founder of Tether, his current development focus is on the creation of open-source decentralized identity protocols and applications.

  • GEOFF McCABE – CEO of The Divi Project. He also owns businesses in virtual reality, gaming, two hotels, and a blockchain-based media company, LightingWorks.

  • PEDRO RIVERA – Community Builder, Blockchain investor and advocate. A Puerto Rican who returned to the Island after Hurricane Maria to help rebuild the Island though the Crypto Community. Founder of Crypto Mondays San Juan.

Future of Internet and Global Economy Conference to be Held Monday

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Before Congress, federal regulators dispute US pace on national digital currency

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Amid a global race toward central bank digital currencies, or CBDCs, the United States needs to focus on the private sector, says Acting Comptroller of the Currency Brian Brooks. 

“We have built private stablecoins in this country that already have a market cap in the tens of billions of dollars,” Brooks said in a U.S. House Committee on Financial Services hearing on Thursday. Formerly head of Coinbase’s legal department, Brooks currently leads the Office of the Comptroller of the Currency, or OCC, which is the Treasury office that regulates federal banks. “These things are transacting daily, they are growing rapidly, and they are used for broad commercial purposes,” he explained, adding:

“I don’t think in this country we need to wait to build a command and control government solution. I think the private sector is on it, and I think the role of the regulators on this panel is to provide a framework to make sure there aren’t bank runs or other problems that consumers would be affected by.”

The congressional committee gathered digitally today, questioning four witnesses from leading financial regulators.

Brook’s comments came in response to questions from Minnesota representative Tom Emmer. Emmer noted the fintech sector’s promise and regulatory bodies, persons and actions that have fostered the sector’s growth.

Emmer also pointed toward the OCC and its recent actions, which include clarity on crypto custody by banks. Under Brooks’ purview, the OCC provided two key clarities for banks in the crypto space this year, allowing crypto custody by banks, as well as approving banks to custody stablecoin reserves.

Leading into his main question for Brooks, Emmer referenced Federal Reserve Chairman Jerome Powell’s antipathy toward private development of digital assets. “Chairman Powell informed us in a previous committee hearing that private sector individuals and innovations may not have a place in the Fed’s consideration of a digital dollar,” Emmer said. “This is concerning.”

“As a country, we haven’t yet recognized the important competitiveness aspect of this,” Brooks told Emmer of digital asset growth. He cited China’s current work and experimentation on its CBDC:

“In this country we’re still years away from a national, real-time payment system. I come to the conclusion that you come to, which is that the best solution is to win the way America has always won, which is by unleashing the power of our innovative, dynamic, risk-taking private sector.”

Before Congress, federal regulators dispute US pace on national digital currency

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