Welcome to this week's edition of Digital Bytes which includes the following:
DeFi Yield Protocol: the massive boost yield farmers and the DeFi space need - over the years, there has been a steady growth of the blockchain space and, most notably, decentralized finance. Although DeFi isn’t new, the growth has been more aggressive since 2020 than it previously was. The introduction of yield farming protocols and distribution of COMP governance has, indeed, inspired a lot of conversations and hoisted DeFi’s stance in the blockchain industry. Being a boost to yield farming and DeFi space as a whole, it is important to look at the uniqueness of DYP.
The era of digital crime: can financial institutions combat the increased risks? - in today’s ‘digital-first’ world, financial institutions are transforming existing processes and adopting new technologies to remain competitive. However, ‘going digital’ presents many new challenges - primarily in security and compliance. The ever-increasing amount of digital crime will require legacy and new institutions alike to adjust their mindsets and embrace new technologies. While it’s difficult to find a ‘one-stop shop’, with the right assortment of cloud-based solutions, financial institutions can develop robust risk management processes fit for this era of digital crime.
Will Russia, UK and USA embrace crypto or try to kill it off with regulation? - Matt Hancock (ex-cabinet member in the UK government) believes the UK can be a dominate crypto jurisdiction, but the latest rules from HMRC are making it less so. Meanwhile, expect to see further guidance shortly out of America from the Officer of the Comptroller of the Currency (OCC) around regarding cryptocurrencies.
Is the erosion in trust in our institutions a sign of terminal decline? Or can they adapt to a changing context? - Part 2 of a 3-Part Essay: “After two years of the COVID-19 pandemic, and two decades of economic, political and social crisis, is crypto the ‘shot in the arm’ the West needs?” In part one of this essay, we discussed how the increasing digitality of society has coincided with a relative decline in US and Western hegemony. In part two, we try to understand why the tools and institutions that made liberal democracies successful in the 20th century are now failing them in this increasing digital landscape.
Please keep sending your suggestions for future topics for us to cover.
Jonny Fry / James Tylee of Digital Bytes by Team Blockchain on Cyber.FM 9th February 2022 Featuring James Moffat - CEO of New Future Foundation