manipulation

The Billion-Dollar Bitcoin Case: Long-Awaited Kleiman v. Wright Trial Begins Next Week in Miami

30/10/2021 by Idelto Editor

On Monday, November 1, the long-awaited Kleiman v. Wright trial will begin as a federal jury plans to determine the relationship between Dave Kleiman and Craig Wright. The Kleiman estate is asking for $11.4 billion, alongside the return of intellectual property (IP) or its fair market value. While Bitcoinsv proponents and Wright’s fans believe the trial will finally prove Wright’s ostensible Satoshi claims, others believe it may shed some light on proving his theories false.

Kleiman v. Wright Trial Begins Next Week — Bitcoinsv Proponents Are Calling It the ‘Trial of the Century’

Well over three years ago, the Kleiman estate decided to take Craig Wright to court over the alleged relationship with the now deceased, computer forensics expert Dave Kleiman. The high-profile billion-dollar bitcoin lawsuit started on February 14, 2018, as it is alleged that Kleiman took part in multiple business relationships that involved Wright. The Kleiman estate accused Wright of perpetrating “a scheme against Dave’s estate to seize Dave’s bitcoins and his rights to certain intellectual property associated with the Bitcoin technology.”

The court will debate on whether or not Wright’s or the Kleiman estate’s arguments are valid and the existence of 1.1 million bitcoins reportedly kept in trusts. After close to four years of deliberation, the case is going to trial in Florida and will begin on Monday, November 1. The case is one of the most high-profile lawsuits in the country and one of the most popular court dockets searched in Florida. The billion-dollar lawsuit has been of great interest to the cryptosphere as well because it could reveal whether Wright or his detractors have been correct all along.

Wright’s comrades and Bitcoinsv (BSV) proponents wholeheartedly believe the Australian’s story, and they think that he will be victorious during the upcoming trial. On October 30, the day before Halloween, the billionaire Calvin Ayre tweeted that the “trial will change everything you think you know about Bitcoin.”

Furthermore, Coingeek’s Kurt Wuckert Jr. claims that the court case will be “the trial of the century.” Wuckert Jr., appeared in a Ask Me Anything (AMA) live stream this past week and discussed the upcoming trial in Miami. The live stream host noted that there was a lack of media coverage concerning the Kleiman v. Wright trial. Wuckert Jr. said that the media blackout over the upcoming Kleiman v. Wright trial could mean one of two things. Wuckert Jr. stressed:

They are so deeply entrenched in the fact that it’s impossible that Craig Wright is Satoshi or it’s plainly malicious and part of a coordinated blackout campaign.

Wizsec Security Says ‘Jury Might Order Craig to Pay Billions That He Never Had’ — Arthur Van Pelt Stresses Wright’s a ‘Cosplaying Con Man’ and ‘Craig Has Nothing’

Meanwhile, Wright’s detractors and people who don’t believe his Satoshi Nakamoto claims, have been discussing the upcoming trial as well. On October 12, Wizsec Bitcoin Research tweeted about the upcoming trial and “Craig Wright’s post-Kleiman narrative.”

“Kleiman v. Wright is a *civil* dispute to determine what Craig owes Dave’s estate (even though the funds are imaginary, Craig was still ensnaring Dave’s relatives in his schemes with lofty promises). It has zero bearing on any third parties,” Wizsec remarked. Wizsec’s Twitter thread continued to dissect Wright’s claims by adding:

There’s a very real possibility the jury might order Craig to pay BILLIONS that he never had, all because he can’t admit to having made the whole thing up. It’s making a mockery of the legal system. It’s also f***ing poetry.

The Twitter account of Arthur van Pelt, the author of the web portal called “The Faketoshi Fraud Timeline,” has been chastising Wright’s claims on a regular basis via social media. On October 30, Arthur van Pelt said: “You better ask yourself, why is the whole Faketoshi saga one massive trail of lies, forgeries, deception and morons enabling that sh**? Maybe because it’s centered around a cosplaying con man who attracts only likewise charlatans? I know the answer already, do you?” The critic has been following the case for quite some time as he wholeheartedly believes “Craig has nothing.”

Whatever the case may be and how the jury decides on this trial, by and large, the outcome will be interesting, to say the least. Both parties will have their say in court and Wright’s proponents and detractors will be watching the outcome with great intensity.

What do you think about the upcoming Kleiman v. Wright trial? Let us know what you think about this subject in the comments section below.

From Gold to Greenbacks: A Look at the US Dollar’s Devaluation, Manipulation and Militant Backing

26/02/2021 by Idelto Editor

228 years ago the U.S. dollar was created and ever since then, the national currency has been both powerful and controversial at the same time. Moreover since 1971, after being backed by precious metals for decades, American dollars have been backed by nothing and estimates say a quarter of the U.S. monetary supply was created in 2020 alone. The U.S. dollar conflict has led a number of analysts and economists to believe the U.S. monetary hegemony is on its last leg.

The Story of the US Dollar’s Devaluation

When you talk to someone about bitcoin, they often grow confused and say that it is too complicated for them to understand. However, when you ask them if they understand the meaning of fiat currency and how the U.S. dollar operates, they will likely be clueless about that matter as well. It’s likely the reason the very structure of how it operates continues to this day, without question from the citizenry, but has fallen victim to the mistakes of the past.

People should understand that the Federal Reserve is not a federal entity and it doesn’t have reserves either. The Federal Reserve, otherwise known as the Fed, is a private and independent organization from the U.S. government. However, since the creation of the central bank in 1913, the United States government has codified all of its operations.

The U.S. dollar was officially created in 1792 and was created with the likeness of the Spanish dollar. In fact, the Mexican peso and Spanish dollar were legal tender in the U.S. up until 1857. Years before the USD started, the country’s Continental Congress decided in 1785 that the dollars and coinage would be backed by precious metals.

Between 1863 and 1933 the U.S. issued a paper currency called “gold certificates.” Basically the bearer of a gold certificate U.S. denominated unit of currency owned a corresponding amount of gold bullion. In 1933 U.S. gold certificate bills were withdrawn from circulation and citizens were restricted from owning them until 1964. A rare series of 1934 gold certificates were also created, as “promise to pay” was changed to “as authorized by law.” Interestingly, the type of representative money called “silver certificates” also started in 1863 but remained in circulation until 1964.

At that time, the measurement of 375.64 grains of fine silver was a standard example until the U.S. decided to leverage the decimal ratio. U.S. dollars, particularly the paper form that followed coins, were later called “Federal Reserve Notes,” after the infamous Federal Reserve Act of 1913. On Christmas Eve of that year, President Woodrow Wilson helped invoke the Federal Reserve.

Back in 2009, the year Bitcoin was born, the author Thomas Allen wrote a comprehensive piece on “America’s First Flirtation with Fiat Money,” which happened during the War of 1812. Allen explained that gold was undervalued before the War of 1812, and U.S. money was primarily dominated by precious metal standards. In order to fund the Civil War, the U.S. also flirted with unbacked currency when the government issued Greenbacks (1861–1862). Similarly, Greenbacks were payable to the owner as authorized by law but not by gold or silver coinage.

From the 1800s to the 1900s, the U.S. economy and its currency backed by precious metals grew. At the same time, other types of markets started to swell as well, like stock markets and the creation of central banks. Paper money was issued in 1862 without backing and was invoked to pay for Civil War expenses. In 1812 as well, the U.S. created unbacked paper notes to fund the War of 1812. Before the creation of the Federal Reserve, in 1878 the U.S. temporarily reinstated silver and gold coinage.

In the 1800s up until the present day, bankers and stock market players rule the roost in regard to the U.S. economy. Most people don’t know but in 1863, the electrician Edward A. Calahan created a telegraph receiver with the ability to print letters and numbers onto paper tape. Financiers called the invention the “stock ticker” and at the turn of the century, the ticker technology was used to create bucket shops.

Prior to the Fed being introduced, the Bank of England, Swedish Riksbank, and Banque de France were the first to initiate the consortium of modern central banking. In the late 1800s, stock market players during the turn of the century were accused of running ‘bucket shops.’ The bankers at the time gambled against their customers’ funds and were caught on a few occasions. In 1906, a U.S. Supreme Court decision created a standard definition of the bucket shop.

“An establishment, nominally for the transaction of a stock exchange business, or business of similar character, but really for the registration of bets, or wagers, usually for small amounts, on the rise or fall of the prices of stocks, grain, [and] oil,” the 1906 Supreme Court ruling notes.

Financial Panics and a Cabal of Bankers Bolstered the Creation of the Federal Reserve

Following the ruling, the U.S. economy was very fragile and in 1907, there was a banking panic called the “Knickerbocker Crisis.” The crisis saw a nationwide run on banks and trusts throughout the United States. Because of the “1907 Bankers Panic,” Americans did not trust the U.S. banking system.

Jekyll Island has been a destination for the world’s elite for more than 3,500 years according to historians. The picture above shows the first transcontinental telephone call that was made there two years after the creation of the Federal Reserve. The web portal federalreservehistory.org says the “secret gathering at a secluded [Jekyll Island] off the coast of Georgia in 1910 laid the foundations for the Federal Reserve System.” Pictured Left to right: Welles Bosworth, S.B.P. Trowbridge, J.P. Morgan Jr., William Rockefeller, and Theodore N. Vail at Jekyll Island.

The financial panics following the scare in 1907, plus Wall Street bankers who were members of the ‘Money Trust’ or the ‘House of Morgan’ pushed President Woodrow Wilson to enact the Federal Reserve Act. On December 23, 1913, Wilson, with the help of the U.S. Congress at the time, and the Money Trust banksters created the central bank in order to stabilize long-term interest rates, the country’s monetary supply, and employment.

From this point forward, U.S. dollars became Federal Reserve Notes (FRNs), but were still redeemable for precious metals (silver and gold) up until 1933. The Money Trust bankers, which consisted of members of the Morgan, Rothschild, Heinze, Rockefeller, and Warburg families, not only influenced markets, but also politicians like the 32nd president of the United States, Franklin Delano Roosevelt (FDR). A quick look at the St. Louis Fed documents and the Pujo hearings show how FDR was the House of Morgan’s puppet.

Franklin Delano Roosevelt (FDR) also played a huge role in devaluing the American dollar and he worked secretly with the bankers from the House of Morgan at this time.

Financial panics in America again created an excuse for FDR to work with the bankers behind closed doors. As mentioned above, U.S. dollars were once redeemable for gold, but FDR’s bank holiday and the banning of gold ownership changed all that in 1933. FDR’s Executive Order 6102 signed on April 5, 1933 “forbid the hoarding of gold coin, [and] gold bullion.”

It seems that after removing the ability to redeem gold, the Federal Reserve, U.S. government, and other worldwide central bank members realized the fiat game without redemption may not last long. So 11 years later in 1944, the Bretton Woods pact was agreed upon, which was the first step in establishing the petro-dollar.

At that time, all of the World War II Allied nations participated and agreed that the cabal of central banks would maintain exchange rates based on the U.S. dollar. Instead of using the gold standard, a country would redeem its currency in USD rather than gold.

Vietnam War Expenditure Opens the US Dollar’s Can of Worms

As usual, war expenditure made it so the Federal Reserve, the managers of the U.S. currency continued to create a lot more dollars. Part of the Bretton Woods deal was the U.S. dollar was used because, at the time, the U.S. held three-quarters of the world’s gold. Meaning, the U.S. government, and Federal Reserve were trusted because the alleged gold could back the monetary supply.

America’s wars have been the number one reason for excessive money creation without backing. Wars like the War of 1812, the Civil War, the Vietnam War, and all the conflicts in the Middle East are caused by today’s financial incumbents and war profiteers. Today is no different as this week, Democrat Joe Biden has become the third U.S. President in a row to airstrike Syria.

During the Vietnam War, war expenditure was so massive other countries started taking notice of the U.S. printing massive amounts of USD. President Richard Nixon was then forced to act and in 1971, Nixon announced that the gold standard was completely removed from backing U.S. dollars.

But Nixon knew that the U.S. dollar had to have something else to keep the country’s monetary hegemony alive and well. While removing the U.S. currency from the gold standard in 1971, at the same time Nixon also made a deal with Saudi Arabia. The two countries decided that oil prices would be set and sold in USD.

Essentially that meant and still means for a number of countries today, anyone who wants to purchase oil must trade their currency for U.S. dollars. Following the deal with Saudi Arabia, the remaining OPEC countries followed suit and priced their oil in U.S. currency as well.

After the Bretton Woods pack started to crumble because the Fed went crazy printing money for the Korean War and the Vietnam War, a number of countries like France wanted their gold reserves sent back. After the ‘Nixon Shock’ in 1971, the U.S. leveraged the petro-dollar deal to keep the USD strong, but also needed military strength to keep the game going.

From this point forward the unaudited Federal Reserve and the U.S. military-industrial complex grew massive. Under President Reagan, Bush, Clinton, GW Bush, Obama, Trump, and even the current President Joe Biden, battles in the Middle East have continued relentlessly in order to keep the petro-dollar strong. For instance, this week the Biden administration authorized unconstitutional airstrikes over Syria without the approval of Congress.

American generations have been at war every year for decades on end since this time. Just before 2008, the descendants and friends of the same banking families from the House of Morgan wrecked the American economy by gambling the country’s mortgage sector. The unaudited Federal Reserve created massive amounts of USD at this time as well to save the economy and further devalued the unbacked FRNs.

Almost a Fifth of America’s Monetary Supply Was Created in 2020

After Covid-19 it has been much worse, as the coronavirus has been leveraged as an excuse to create unlimited amounts of U.S. Dollars. In 2020 alone, estimates show between 23.6% to 30% of all the USD ever created was issued in less than 12 months.

“M2 consists of M1 plus savings deposits (including money market deposit accounts); small-denomination time deposits (time deposits in amounts of less than $100,000),” the Federal Reserve notes. The U.S. central bank has never been audited since its creation and provides its own data published at a monthly frequency.

For decades on end, the U.S. government has experimented with creating massive amounts of unbacked money and it’s usually done to fund wars like the War of 1812, the Civil War, Vietnam War, and literally all the rest of the battles. Covid-19 has allowed the Federal Reserve to create a whole lot more than all the war expenses in the U.S. combined.

For all these reasons, sound money advocates, precious metals supporters, and a great deal of cryptocurrency supporters want alternatives to modern central banking and fiat. Bitcoin’s mathematical, calculated, and scarce supply is refreshing to people in a world filled with fiat manipulation. Bitcoin and a number of cryptocurrencies are nothing like the U.S. dollar, and it’s probably the reason why wealth managers in 2021 are shorting USD and long bitcoin.

Anyone can easily see that the U.S. dollar’s value has deteriorated greatly over the course of its history. It’s fairly understood among economists that the U.S. currency is not sustainable in this fashion for very much longer, and many other fiat currencies are in the same boat.

Bitcoin is the liferaft for many individuals and organizations in order to escape the devastation or get caught in the wake of the U.S. currency’s collapse.

What do you think about the history of the U.S. dollar? Let us know what you think about this subject in the comments section below.

Ron Paul Advises Bitcoin Proponents to ‘Be Vigilant’ of Government ‘There’s Information Collected’

07/12/2020 by Idelto Editor

On December 5, the American author and retired politician, Ron Paul, joined the Stephan Livera Podcast episode 234 and discussed cryptocurrencies and bitcoin at great length. During the interview, the prominent libertarian said when bitcoin came out he was still in congress and he thought the most important thing to do at the time was make it legal. Paul stressed that he advises cryptocurrency advocates to be vigilant toward the government’s future intrusive financial meddling.

Making Sure Bitcoin Remains Legal

Ron Paul is one of the most beloved libertarians alive today and when he speaks a great number of people listen. Paul is an author of many books that encourage liberty and he also argues for the circumvention of unwarranted government entities like the Internal Revenue Service (IRS) and the Federal Reserve. The former congressman and presidential candidate has always been a staunch supporter of free markets, libertarianism, and a proponent of safe-haven assets like gold.

During the last few years, Paul has shared his thoughts about bitcoin and the crypto economy many times in the past. Moreover, even though he’s not super well-versed in the technology, he likes cryptocurrencies for “philosophic and legalistic reasons.”

On December 5, 2020, Paul appeared on the recent Stephan Livera Podcast episode 234 and discussed bitcoin and free markets for over 30 minutes. As usual, Paul was a critic of the U.S. federal government’s fiscal policies on the show, and he even questioned the existence of the American tax policy. As far as bitcoin and cryptocurrencies are concerned, Paul said: “I think there’s a lot of questions to be answered and I don’t think the conclusion is there yet.”

“I’ve been impressed with what’s happened in the last few years because some people predicted [bitcoin] would be this popular, [and] other people were skeptical,” Paul told Livera during the podcast. “I think [skepticism] still exists, and my introduction to [bitcoin] has been mainly for philosophic and legalistic reasons, because I knew about this when it was becoming vogue when I was in congress. I thought the most important thing is to do is whatever we can to make [bitcoin] legal. This is why I [drafted] a bill that would legalize competing currencies because if it’s to be used as money, you are competing with the dollar and there’s some people who don’t like that.”

The former politician further added:

There are tax collectors out there too that want to know exactly what people are doing with alternative currencies.

Paul said when he was a politician, he was “mainly interested to make sure that it was legal.”

“I think it basically is and a lot of people trust it, a lot of people are buying and selling, but that doesn’t totally reassure me because I have a skepticism toward the government all the time,” Paul stressed. “You see I don’t even have total reassurance that the government won’t come along and want to confiscate my gold. Governments are pretty ornery, ya know, the more successful crypto is going to be and bitcoin, I think the more you have to be aware of what’s going on with the government becoming more aggressive.”

Ron Paul’s Advice to Crypto Advocates Is to Remain Vigilant

Paul then compared crypto assets to those in the private sector offering better services in the world of education in comparison to the government school system. “If you are doing private education outside the government’s education [system], such as homeschooling or private schooling and if you are too successful, the government is going to want to close you down— I think that’s the way it is in finance too,” Paul explained. During his conversation with Livera, Paul continued to criticize the IRS and the Fed’s massive 2020 money creation.

“As of now it looks like a lot of people believe in the marketplace and believe it can work,” Paul said about crypto advocates who support free markets. “My advice is to be vigilant. There’s information collected, the [crypto] exchanges are not totally anonymous and I read the stories about the IRS checking up on things. For somebody like myself, I don’t even believe in the IRS let alone being flexible enough [to say] ‘well as long as they are investigating me even if I follow the rules,’ well… In 1932 in the depth of the depression, people were allowed to own gold, and we were on the gold standard,” Paul declared.

The former congressman continued:

But immediately what did they do? They made it illegal to own gold all the way up until 1975.

During the podcast, Paul was very adamant about letting people make their own financial decisions. He highlighted that he likes the idea of how “cryptocurrencies have made people think” about that specifically. The self-professed gold bug and precious metals fan also added that he likes bitcoin’s supply limitation as well.

“The other thing I like about it is so far, [is] there’s a limitation of the creation of new currency. When I endorse cryptocurrency, I always admonish and say it will work if fraud is prohibited. Governments are used to doing fraud and that’s why the systems always go badly,” Paul added.

What do you think about Ron Paul’s recent statements about the federal government and bitcoin? Let us know what you think about this subject in the comments section below.

The post Ron Paul Advises Bitcoin Proponents to ‘Be Vigilant’ of Government ‘There’s Information Collected’ appeared first on Bitcoin News.

Report: Blockchain Price Oracle Manipulation Produces Millions in Losses, Shows No Signs of Slowing

12/11/2020 by Idelto Editor

On November 9, a writer from the website samczsun.com published a report that shows a number of issues with price oracle manipulation stemming from a few blockchain applications. The researcher notes that price oracle manipulation has resulted in “over $30 [million] in losses so far.”

According to the researcher from samczsun.com there’s been a substantial amount of price oracle manipulation in 2020. On Monday, he tweeted: “Price oracle manipulation has resulted in over 30MM of losses so far and it shows no signs of slowing.” The tweet was also retweeted by the ethereum.org Twitter handle’s 500k followers. The tweet from @samczsun also leads to a blog post written on the researcher’s web portal called: “So you want to use a price oracle.”

In the article, he explains that during the end of 2019 he published a post called “Taking undercollateralized loans for fun and for profit” and the post explained how he could attack ETH-based decentralized applications (dapps). The dapps he wrote about specifically rely on price oracle data for a number of crypto assets.

“It’s currently late 2020 and unfortunately numerous projects have since made very similar mistakes,” samczsun.com’s post stresses. “With the most recent example being the Harvest Finance hack which resulted in a collective loss of 33MM USD for protocol users.”

Basically an oracle is a protocol that can record both onchain and off-chain data and submits the data into a blockchain like Ethereum. These oracles are used in smart contracts, automated market makers (AMM), trading platforms, and one of the popular ETH-based oracles is Chainlink. The report on vulnerabilities says that developers are aware of some of the issues tethered to oracles but “price oracle manipulation is clearly not something that is often considered.”

The blog post adds:

Conversely, exploits based on reentrancy have fallen over the years while exploits based on price oracle manipulation are now on the rise.

The blog post however isn’t just criticisms and samczsun.com’s editorial features an introduction to oracles, oracle manipulation, and how to mitigate against exploitation. Further, the post discusses six vulnerabilities that have taken place in the past.

For example, the post mentions undercollateralized loans, the Synthetix sKRW oracle malfunction, the yVault bug, Synthetix MKR manipulation, the Harvest Finance hack, and the Bzx hack as well.

Samczsun.com’s research also summarizes the Harvest Finance issues that took place on October 26, 2020.

“The attacker deflated the price of USDC in the Curve pool by performing a trade, entered the Harvest pool at the reduced price,” the findings state. “[The attacker] restored the price by reversing the earlier trade, and exited the Harvest pool at a higher price. This resulted in over 33MM USD of losses.”

The report concludes that “price oracles are a critical, but often overlooked, component of defi security.” The article highlights that there are plenty of ways that dapps can shoot themselves in the foot if they overlook some of these problems. “Reading price information during the middle of a transaction may be unsafe and could result in catastrophic financial damage,” the research post says.

What do you think about the millions lost from blockchain-based price oracles so far? Let us know what you think in the comments section below.

The post Report: Blockchain Price Oracle Manipulation Produces Millions in Losses, Shows No Signs of Slowing appeared first on Bitcoin News.

Fed Chair Jerome Powell Discusses Leveraging an Ethereum-Based Libor Replacement

05/06/2020 by Idelto Editor

The Federal Reserve’s Chair, Jerome Powell has hinted at using an Ethereum-based interest reference rate in a transition from the London Interbank Offered Rate (Libor). Powell also detailed in a letter to Senator Tom Cotton (R-AR), that the Ethereum version of Libor, a software called “Ameribor” may not be for everyone.

The United States Federal Reserve has expanded a great deal since the start of the coronavirus outbreak and a few months prior as well. This week a letter to Senator Tom Cotton from Fed Chair Jerome Powell indicates the Fed is contemplating using Ethereum for interest reference rates.

For instance, the Fed and many other international central banks leverage Libor, a benchmark interest rate where a great number of global financial incumbents use to lend funds to each other and clients.

However, the public is well aware of the “Libor scandal,” a theory that claims that banks and Libor were manipulating rates in order to fleece the populace. Banks are supposed to submit realistic interest rates to Libor, but the organization and member institutions are accused of manipulating the benchmark rates since 1991.

“The way the inter-bank, or Libor, interest rate is set is no longer fit for purpose,” explained a written review by the Financial Services Authority. The megabank Barclays was one of the big name banks accused of messing with the Libor rates.

Powell suggested Ameribor which is a similar tool designed by the American Financial Exchange (AFX) and the system leverages Ethereum to make sure the rates are reliable. Essentially there is the use of nonfungible ERC721 tokens that represent payments services and settlement.

Fed Chair Jerome Powell Discusses Leveraging an Ethereum-Based Libor Replacement — A flowchart showing how the Ethereum-based Ameribor works.

In the letter to Senator Tom Cotton, Powell explains a few of the benefits tied to using AFX’s Ameribor system for the benchmark rates. Although, Powell said that he doesn’t think Ameribor would be a “natural fit” for everyone in the market.

“While it is a fully appropriate rate for the banks that fund themselves through the American Financial Exchange or for other similar institutions for whom Ameribor may reflect their cost of funding, it may not be a natural fit for many market participants,” Powell wrote.

The Fed Chair did note that “Ameribor is a reference rate created by the American Financial Exchange based on a cohesive and well-defined market that meets the International Organization of Securities Commission’s (IOSCO) principles for financial benchmarks.”

The letter doesn’t say whether or not the Fed will officially leverage Ameribor over Libor. However, the crypto community seems to enjoy the idea that the Fed is contemplating using the Ethereum-based product. The AFX-blockchain product has been operating since it was first announced on November 22, 2019.

“American Financial Exchange (AFX), an electronic exchange for direct lending and borrowing for American banks and financial institutions, the official Ameribor announcement detailed at the time. “AFX now mints two ERC721 non-fungible tokens for each Ameribor transaction on the AFX platform (for each counterparty to the transaction),” AFX added.

What do you think about the Fed contemplating using Ethereum-based Ameribor? Let us know in the comments below.

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