‘Immunity Passports,’ Darknet Pharma, Miners Prep for Halving

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Top shelf

Technologists building blockchain-based self-sovereign identity (SSI) tools are collaborating on an “immunity passport” to help stop the spread of COVID-19 without compromising the privacy of users. The COVID-19 Credentials Initiative (CCI) is working on a digital certificate, using the recently approved World Wide Web Consortium (W3C) Verifiable Credentials standard. The certificate lets individuals prove (and request proof from others) that they’ve recovered from the novel coronavirus, have tested positive for antibodies or have received a vaccination, once one is available.

Mobile moves
HTC’s Exodus blockchain phone will allow users to mine monero (XMR), in an attempt to further decentralize the cryptocurrency’s security protocol. Miners can earn users up to $0.0038 worth of XMR (at current prices) per day, while the electricity used to carry out the mining tasks would come to less than half the income from mining.

A Venezuelan crypto exchange has developed a service that supports crypto payments via SMS text messages, allowing users to enter the financial fold without an internet connection. (Decrypt)

Scaling back
After years of being unable to close a Series B, enterprise blockchain company Factom, Inc. slashed its staff from 10 to just two, with six employees retained on a contract basis. The company isn’t going into receivership, however, as its investor, FastForward Innovations, claimed last week, said Factom COO Jay Smith.

Legal momentum
OneCoin – the cryptocurrency investment scheme accused by the U.S. of being a Ponzi-type scam – may escape from a class-action lawsuit due to procedural mishaps by the lead plaintiffs. The lead plaintiffs, who accuse the firm of misleading investors, have not been filing monthly…

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