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Plato Data and Butterfly Protocol Leaders Announce Partnership to Leverage Plato’s W3 Blockchain and Integrated Data Environment

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The Partnership will create the W3 Registry to build out Web 3.0 tools for the decentralized and distributed web and across Plato’s rapidly growing community and ecosystem.

Plato Technologies Inc., the provider of the industry-leading blockchain intelligence platform Plato, will offer the newly created W3 Protocol & Blockchain Registry using the Butterfly Protocol. Butterfly is a premiere creation platform for new blockchain top-level domains and offers tools to build out domains for the decentralized internet and Web 3.0.

The partnership has created a separate operating entity PlatoW3, Inc. to facilitate the governance, financing and operations of the initiative. W3 Domains will be offered exclusively through Plato to seamlessly interact with the secured data Plato generates. In addition, Plato will offer integrated packages that include data access, dApp hosting, decentralized web-spaces and mesh networks.

Blockchain domains are rapidly gaining acceptance as the world moves toward Web 3.0 with a growing decentralized internet and distributed computing environment. Advances in technologies like 5G, satellite-provided internet, and edge computing are changing the way data is delivered. In addition, file storage is improving with hybrid cloud and local nodes providing a more robust infrastructure to handle data-driven societies’ demands.

The benefits of blockchain domains also extend to allowing better control by the data owner and a censor-resistant environment that takes power out of the hands of centralized parties and gives it to the creators and owners of the content. There is increasing demand for continued access to data driven content that governments and private enterprises may otherwise block. PlatoW3 will provide solutions that harness the power of Web3 environments

“Multi-layer integrations supporting the W3 Registry will create new ways for the community to benefit from our integrated intelligence,” said Bryan Feinberg, Founder and CEO of Plato Technologies.

Dana Farbo, the lead strategist with Butterfly Protocol, stated that “with the addition of W3 as a blockchain domain system, Plato will share the open-source tools created at Butterfly to bring a new level of utilization of the decentralized web.”

About Plato Data Intelligence (https://PlatoBlockchain.com)

Plato is an open intelligence repository and data platform that unlocks the power of Vertical Search in a highly scalable and immersive way. The platform is designed to provide an ultra-safe and secure environment to consume sector-specific real-time data intelligence across the Web3 Universe.

About Butterfly Protocol (https://www.butterflyprotocol.io/)

Butterfly Protocol is a decentralized autonomous organization (DAO) that aims to replace the Domain Name System (DNS) system and change the economics of domain ownership.

Press Contact:
Bryan Feinberg CEO

Plato Data Intelligence

144 E 44th Street

New York NY 10017

zephyr@platodata.io

Source: Plato data intelligence

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Ripple CEO Reveals the “Only” Condition Under Which They Would Settle With SEC

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The Ripple vs SEC lawsuit is nearing an end and with settlement speculations still quite high, Ripple CEO Brad Garlinghouse cleared the only condition that would make them settle with the SEC. Garlinghouse appeared on the Fox network to talk about the need for clarity on Security laws from the SEC and also made it clear that only if SEC agrees that XRP is not security quite similar to Ether, they would go for the settlement. He explained,

“To the extent, we can find a constructive path forward with the SEC, we, of course, want to find that. There is no scenario though when we going to settle unless there is absolute certainty about what is XRP on a go-forward basis. We have a clear vision of how XRP can be an extremely powerful tool…There’s a lot of other people in the crypto community and the XRP community doing amazing things with XRP. “

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The XRP lawsuit is currently at a critical stage where Ripple’s legal counsel is betting on former SEC director William Hinman’s speech from 2018. Ripple has accused SEC of giving Ether, the second-largest cryptocurrency, a free pass which is quite similar to XRP conducted an ICO as well. On the other hand, SEC claims Hinman gave that speech in his personal capacity and it cannot be used as a defence against the agency.

XRP Community Certain Ripple Would Win the Case

XRP community is considered one of the strongest crypto communities out there and they have unearthed a number of documents and speeches made by SEC executives during 2018 after Hinman’s speech to prove that SEC did give Ethereum a free pass. XRP community also accused SEC of personal gains from the decision.

In the latest development of the XRP lawsuit, Ripple has filed a motion to examine three additional documents for in-camera review based on a privilege log provided by the SEC after the August 31, 2021 telephone conference, including an email chain. The email chain in question reportedly shows that SEC asked third parties to use Hinman’s speech to analyze digital assets. This is quite a big revelation given SEC has claimed Hinman’s speech was made in his personal capacity.

XRP community are quite certain that Ripple would win the case given the glaring evidence and number of lies that the SEC has told during the ongoing lawsuit.

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The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
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Source: https://coingape.com/ripple-ceo-reveals-the-only-condition-under-which-they-would-settle-with-sec/

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XRP, Chainlink and This Crypto Project Launching Bitcoin Smart Contracts Are ‘About To Go Crazy’, Says Altcoin Daily

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Altcoin Daily host Austin Arnold is listing three altcoins that he says are “about to go crazy”.

In a new video, Austin tells his one million YouTube subscribers that the altcoins in question are Dfinity Foundation’s Internet Computer (ICP), the bridge currency XRP, and blockchain oracle network Chainlink (LINK).

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Kicking off the list with Internet Computer, Austin says that the crypto project focused on becoming a decentralized global computing platform, is planning to introduce smart contract functionality to Bitcoin.

Internet Computer smart contracts will gain access to Bitcoin liquidity and Bitcoin will gain powerful new smart contract functionality without the need for insecure and cumbersome trusted bridging services.

So this could be big – a DeFi [Decentralized Finance] ecosystem for Bitcoin is a major industry initiative. It would mean the world’s most popular cryptocurrency, Bitcoin, could be used for lending, yield farming, derivatives, liquidity pools and more.”

Turning to XRP, Austin says the developer Ripple Labs has encountered a setback in the lawsuit filed against it by the U.S. Securities and Exchange Commission (SEC).

“…Ripple filed a motion back in August 27th requesting information about whether SEC employees had purchased and traded Bitcoin, Ethereum and XRP. The United States Magistrate Judge Sarah Netburn rejected this motion on Tuesday…

…so what this means to you as a potential XRP holder is that Ripple will have to find another way to prove to the SEC that XRP is not a security. That’s of course the SEC’s point of view. They’re the ones that are suing Ripple and the case is heating up.”

In the case of Chainlink, Austin says that the blockchain oracle network’s recent integration with decentralized cold storage aggregator Coldstack is bullish.

“…big green flag for LINK holders. Here’s the reason Chainlink was chosen – because in their [Coldstack] words ‘Chainlink is the industry standard in blockchain oracles’.”

Austin also quotes Coldstack’s CEO Alexander Shishow showering praise on Chainlink.

“In a direct quote from Coldstack CEO… ’There really isn’t any substitute for Chainlink – if we want to provide the best data storage solutions for our users, then it makes sense to use the best oracle service provider in the industry.’”

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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

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Source: https://dailyhodl.com/2021/09/25/xrp-chainlink-and-this-crypto-project-launching-bitcoin-smart-contracts-are-about-to-go-crazy-says-altcoin-daily/

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Bhutan Partners With Ripple to Pilot Digital Ngultrum on a Private Ledger

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The Central Bank of Bhutan, the Royal Monetary Authority (RMA), has partnered with Ripple to start testing a model of its central bank digital currency (CBDC) using Ripple’s technology. The test will be using Ripple’s own CBDC private ledger, to support similar use cases. The pilot test will include retail, cross-border and wholesale payments for the proposed CBDC.

Bhutan Involves Ripple in CBDC Pilot Test

Bhutan, a small country located in the south of Asia, is working on the issuance of a central bank digital currency of its fiat currency, known as the Ngultrum. The nation will be partnering with Ripple, the cryptocurrency and payments company, to pilot test the digital currency in different use cases. The Royal Monetary Authority (RMA), Bhutan’s central bank, will use Ripple’s technology for the tests.

This pilot provides yet another example of a country approaching the digital currency world as a way of improving access for citizens to financial services. In this regard, Bhutan expects these actions to increase the accessibility of its citizenship to the financial market by 85% by 2023.

Yangchen Tshogyel, deputy governor of the Royal Monetary Authority of Bhutan, stated they chose Ripple because it may allow them to use their existing infrastructure. Tshogyel stated:

Ripple’s groundbreaking technology will allow for the experimentation of a CBDC with our existing payments infrastructure — while ensuring efficient and cost-effective cross-border transfers.

Ripple and CBDCs

While Ripple has been touted as the go-to platform for remittances and bank-related applications — and even as a SWIFT replacement of sorts — this is the first time it has been involved in a test of a CBDC. However, this test is not using Ripple’s public ledger. The test is taking advantage of another Ripple technology called CBDC private ledger, which was introduced by the company in March.

The private ledger is powered by Ripple’s own consensus, which is based on proof-of-stake, and according to the company supports tens of thousands of operations per second with negligible fees, suitable for massive payment operations. James Wallis, VP of Central Bank Engagements at Ripple, stated:

We couldn’t be more thrilled to partner with the RMA on its CBDC agenda and foster our shared values in creating a more sustainable, accessible, and financially inclusive reality.

Bhutan now joins other geopolitical regions like China and the EU in actively researching central bank digital currencies for implementation.

What do you think about Bhutan testing a central bank digital currency? Tell us in the comments section below.

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Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.

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Source: https://news.bitcoin.com/bhutan-partners-with-ripple-to-pilot-digital-ngultrum-on-a-private-ledger/

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