Happy Monday, Blockfolians
In a validation that the technology is important - but also a reminder that technology is neutral and can be used for many different types of purposes - the CIA has launched a new R&D lab with a focus on, among other things, blockchain.
From the limited statement we have, it seems like the emphasis is to better align incentives with CIA officers. The Labs structure would allow them to file public patents for certain CIA work, meaning they could participate in the profits.
Still, it’s interesting to see that alongside things like “artificial intelligence” and "advanced materials and manufacturing” they list “distributed ledger/blockchain-enabled technologies” as a focus.
Something to keep an eye out for, although then again, by the time we actually hear about the tech coming out of CIA labs, it might have been in use for some time.
Strange timeline we got ourselves here!
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Highly Relevant Reading
Binance “Innovation Zone” - a fancy way to limit who DeFi’s?
Unchained Capital launches business custody services in the wake of MicroStrategy
New article from PBOC suggests digital yuan is a way to reduce dominance of USD
DeFi yield farming aggregator APY.Finance raises $3.6M
With artificially low interest rates, this is the new reality we live in.
Looks like Europe is getting in on the digital currency game
Trading News @4xInsightLAGARDE: ECB TO OPEN CONSULTATION ON DIGITAL EURO WITHIN DAYS
A Really Big Number We Should Be Paying Attention To
That’s the size of the new crypto fund started by former HSBC, Citigroup, and other megabankers
That’s a good way to put it.
Hindenburg Research @HindenburgResBREAKING: FreightWaves reporting "Trevor Milton has resigned as Executive Chairman of Nikola Motors (NASDAQ: NKLA) and has departed the company effective immediately." We think this is just the beginning. $NKLA https://t.co/vAJYzCCHlB