Crypto Corner Episode 442: Crypto Firm Bluesky Announces Crypto Valley Association Membership, and China’s Digital Currency Being Tested on Small Transactions

The Algorand Foundation has announced that the USD Coin ( USDC ) stablecoin will be launched on the Algorand ( ALGO ) blockchain. The integration will allow customers using Circle APIs or Circle Business Accounts to convert funds from their bank account or card network into stable tokens on the Algorand blockchain. USDC currently ranks as the second-largest stablecoin by market cap, and the 19th-biggest crypto asset with a capitalization of nearly $930 million. The coin was developed as a joint venture comprising Circle and major cryptocurrency exchange Coinbase. USDC has purportedly issued more than $2.5 billion to date, with the stablecoin being used to power more than $50 billion in transactions.“Growth in mainstream financial use cases is driving more demand for high-throughput payments and finance-optimized blockchain infrastructure,” said Circle co-founder and CEO, Jeremy Allaire.“The combination of USDC and Circle Platform Services with the Algorand blockchain will create a foundation for developing a wide range of scalable, secure, and compliant financial applications,” Allaire added. The partnership will see Algorand and Circle promote ALGO-based USDC as a base-currency for institutions looking to build scalable financial applications on public chains.“As more financial institutions and enterprises look to build decentralized financial applications, they need a well-suited infrastructure and a compliant, regulated, and widely accepted stablecoin,” said Fangfang Chen, COO of the Algorand Foundation. Circle will also provide an API allowing payments between USDC on the Algorand and Ethereum blockchains. Last week, a historic chess match between grandmaster Sergey Karjakin and Algorand founder Silvio Micali was recorded on ALGO blockchain.

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Cryptocurrency healthcare startup, Solve. Care, recently launched a blockchain remote medicine platform. According to an announcement sent to Cointelegraph on May 22, Solve. Care announced a new marketplace that allows users to consult medical practitioners anywhere in the world. It’s called the Global Telehealth Exchange, or GTHE. GTHE is meant to also provide physicians with a way to engage in telemedicine by publishing their profiles, rates, availability, and then accepting appointments. The system was designed with openness in mind, so third-party telehealth solutions will be able to use its registry. The service will be accessible through the Care. Wallet healthcare management system and will be available for users in select countries later this year. After obtaining permission from the user, doctors who provide their services through the platform will be able to review the patient’s past medical records. This is meant to avoid conducting the same assessments multiple times. It also helps to prevent doctors from performing unnecessary medical tests. All the medical records and transactions — all carried out in the SOLVE token — on the platform are stored on-chain to ensure that the data is tamper-proof. Solve. Care CEO, Pradeep Goel, explained why telemedicine is now more important than ever before:“The Covid-19 pandemic has severely tested the way healthcare systems are organized and delivered from a number of perspectives. Now, more and more patients are reluctant to visit their doctors due to the pandemic. Medical practitioners who are not primarily involved in treating Covid-19 cases have experienced a significant drop in patient appointments. The launch of Global Telehealth Exchange is geared towards remedying this imbalance.”United Arab Emirate startup, in5, is also attempting to leverage blockchain technology to alleviate the effects of the pandemic. They are designing decentralized systems that the firm believes will help contain the coronavirus.

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Crypto Healthcare Project Announces Telehealth Exchange for Remote:

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[Editor’s note: According to a recent report published by the New York Times, the NBA has rejected Spencer Dinwiddie’s attempt to sell investors a ‘tokenized security’ that will be backed by his $34.36 million contract, which is prohibited by his agreement which states that ‘no player shall assign or otherwise transfer to any third party his right to receive compensation from the team under his uniform player contract.’]NBA athlete and entrepreneur Spencer Dinwiddie has launched a new investment platform built on Ethereum. Dubbed “DREAM Fan Shares,” it will allow people to invest in the potential success of their favorite stars and athletes. Dinwiddie, a Bitcoin supporter, says his new platform solves a need for him and his teammates by “turning cash flows from contracts of professional athletes into securities.”The Brooklyn Nets guard says the platform will give athletes, artists and influencers more control over their own financial futures by providing them with earlier access to capital.“We need more flexibility and ownership over the value we bring to the league. This empowers us to make stronger and smarter financial choices. Through DREAM Fan Shares, we can create terms that work better for us, while also giving supporters the chance to invest in our futures and share in our successes. It’s a win-win situation.”. Built on the Ethereum network, DREAM Fan Shares will allow athletes and entertainers to create their own tokens representing an interest in a debt instrument. The sale of Dinwiddie’s  “SD8” token is set for October 14. The tokenized security will be backed by the athlete’s $34.36 million three-year contract with the Brooklyn Nets. NetsDaily reports that Dinwiddle sees the opportunity as a sound investment that can rival stocks.“It allows you to get up in that 15-percent range in a return, like a growth stock, and that’ll be something most guys won’t beat. And you’re going to be invested in watching your favorite player. It’s something with a floor, guaranteeing you a floor, and obviously the cap on the return would beat most stocks in the economic climate that we’re going into. To make it as simplistic as possible, the real growth is for the third year, just like my contract is. You have the guaranteed premiums. You have the big-time fluctuation in the third year, with a floor. Everyone can appreciate it and make money.”Token holders are expected to receive regular periodic payments of principal and interest. Holders may also be entitled to special premiums based upon the financial success of the athlete or entertainer. Payments will be made in cryptocurrency using Paxos Standard (PAX) stablecoins, and New York-based Paxos Trust Company will provide custody and escrow services. Dinwiddie is also ensuring his offering by putting $2 million in public reserves and $1 million each in gold and Bitcoin that will remain off-limits throughout his three-year term. Dinwiddie tells Fortune,“We set up the reserves and we jumped through every SEC hoop we possibly could. We view this scaling to a global solution, but we knew that being first, we had to do it right and we had to be safe.”Commenting on the state of the economy, low interest rates, the country’s $22 trillion debt and a monetary policy that supports printing more money, he adds,“We’re going to hell in a handbasket. We are fucked. When it drops, it’s hitting hard. Don’t do some wild shit, but be in all the non-correlated spots you can.”In addition to the new platform, Dinwiddle is growing his crypto partnerships by teaming up with blockchain-based platform Tron and CEO Justin Sun to make a charitable donation of 8.2 BTC worth roughly $66,000 to help youth. Says Dinwiddle via Twitter,“I know everybody is still hyped about yesterdays announcement as you should be! But this one is probably even more special to me personally. If you follow me you know last year I did charity auctions of my game worn shoes and was able to fund TheDinwiddieFF scholarship program.”

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Bitcoin Supporter and NBA Entrepreneur Builds on Ethereum, Announces:

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Japan’s Money Forward Announces Details of Upcoming Crypto Exchange – Bitcoin News
Japanese public company Money Forward, operator of a personal budgeting app with 7 million users, is preparing to launch a crypto exchange. Three cryptocurrencies will be supported. A representative of the company has shared some details with news. about the platform and the company’s fu…
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In an interesting development, the Chinese division of Amazon Web Services(AWS) has partnered with Qtum, a public blockchain. This partnership will allow AWS users to develop smart contracts quickly and efficiently and with much lesser costs than before. This will be made possible through Amazon Machine Image, revealed the Qtum team in a press release. The same was confirmed by the head of territory business development, AWS at China.

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Amazon Announces Partnership with Cryptocurrency Qtum | NvestWeekly

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