Financial Times Events, Industry Scandals, and the Launch of CAD Trust [PRESS REVIEW]

The Real Identity of Nakamoto

To start with, we highly recommend to your attention an article published on the A24 website – although it is in Spanish, this is not a major problem for today's internet tools. The text recalls the more interesting theories about the identity of the anonymous creator of Bitcoin, who is commonly known as Satoshi Nakamoto. Some of them seem quite plausible (like the one that a whole collective of creators is hiding under the pseudonym), while others are rather crudely stitched together (many people think that Elon Musk is behind Bitcoin). Some believe that Nakamoto may have had some connection with the Pretty Good Privacy company, or even be the creator of PGP himself, Philip Zimmermann. The mention of Chia appears in this context – Gene Hoffman, CEO of Chia Network, suspects that Nakamoto is more likely a PGP employee, most probably Hal Finney. If you like this kind of theory, this text is right up your alley.

Chia Representatives as Experts at Financial Times Events

In BusinessWire, which keeps a close eye on the development of Chia Network, we could read about the company in several contexts. Firstly, the portal reported on the presentation by Noor Menai, CEO of CTBC Bank USA and a board member of Chia Network, at The Global Boardroom, an event organized by Financial Times. The recognized expert participated in a panel on global banking and adaptation to an era of uncertainty related to the changing credit cycle and raging interest rates. One of the main topics was, of course, the collapse of Silicon Valley Bank, which caused a real earthquake in the industry. Menai is one of over 100 business and finance leaders who took part in this prestigious event – we can be glad that Chia had its worthy representative there.

BusinessWire reported on another important presentation: this time by Gene Hoffman, CEO of Chia Network himself. The expert appeared at the Financial Times' December summit (Crypto and Digital Assets Summit) in London, where he joined other distinguished figures in the industry to consider the role digital assets will play in the coming years. The presentation titled "Finding the Role of Cryptocurrencies in the Global Financial System" focused on blockchain technology, not limiting itself to crypto – there was also space for other uses of digital assets. Hoffman was interviewed by Matt Howell (T. Rowe Price), and the discussion was led by Katie Martin (Financial Times). As for the summit itself, it revolved mainly around the issues of integrating TradFi and DeFi, the role of tokenization, and the broader future of global finance.

Chia Network in the Context of the Binance Scandal

If you prefer video content, we encourage you to check out a short interview published on CNBC ? there Gene Hoffman himself explains why the Binance scandal should remind us of the key importance of decentralization. It has long been known that independence from single entities or institutions leads to increased transparency, autonomy, and security of the system. Independence and stability are worth their weight in gold at present - in the longer term, to increase trust in cryptocurrencies, a shift towards decentralization is necessary. Hoffman also answers difficult questions about what the Binance crisis means for his company. According to the CEO of Chia Network, the focus is on developing its own blockchain and being fully ready when the crypto market returns to normal. He believes that the year 2024 looks quite promising in this regard.

CAD Trust Officially Launched

For Chia farmers, the most important news of recent weeks should be the official launch of the Climate Action Data Trust (shortly: CAD Trust). The project, supported by the World Bank, the IETA Association, and the government of Singapore, has finally started in full swing. The global carbon credit registry is designed to prevent manipulations and double counting of initiatives, ensuring data compliance and transparency as well as facilitated audit. All this to reduce harmful CO2 emissions as effectively as possible. Among the integrated registries are Verra, the Global Carbon Council, as well as EcoRegistry, BioCarbon, and finally data from CDM (which constitute over 60% of the CAD Trust database). The inclusion of Bhutan's national registry was also announced. Remember that CAD Trust is based on Chia's blockchain. As you can see, despite the tension in the industry, media mentions of Chia are set in a quite positive context. We look forward to presenting a review of further articles and news in our next press review.