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The greatest wealth transfer of this century! An analysis: British-US-Chinese Empires: Gold, Silver, Bitcoin, Ethereum!
"Inflation makes you pay 50 dollars for the 20 dollar haircut you used to get for 5 dollars when you had hair!" Let's embark on a journey that made the United States the number 1 economy of the world.
1. Despite the British Empire's claim that it would for ever remain the leading empire,history can serve as a harbinger for what's to come...
At the peak of its power, in 1913, "the empire on which the sun never sets", controlled 25% of the planet's land mass and about the same percentage of the world's population. Britain was both the naval an imperial power of the 19th century, and between 1812-1914, its dominance resulted in relative peace in Europe and the rest of the world. The industrial revolution transformed Britain into the workshop of the world. By the start of the 20th century things changed as both Germany and the United States started to challenge Britain's economic and influential leadership. As often happened during human history such challenging lead to war and although Britain achieved its largest territorial influence after WW1, the war had destroyed much of its economic strength, with losses in industrial and military power marking the begin of its demise. During WW2, Japan occupied Britain's colonies, and after WW2, India, Britain's most valuable and populous possession, achieved independence. Much of the British Empire's influence is now enshrined in the Commonwealth Charter, stating shared values like democracy, human rights and the rule of law. The United Kingdom's pound sterling was its world's reserve currency during its reign and by controlling the supply of money, Britain was able to influence its global power. "Permit me to issue and control the money of a nation, and I care not who makes its laws!"Mayer Amschel Rothschild
2. The US Empire repeats this blueprint by claiming the U.S. Dollar's reserve currency status as its birthright!
The Federal Reserve Act. The Panic of 1907 triggered many American's belief that The Federal Reserve Act, passed by the 63rd United States Congress and signed into law by President Woodrow Wilson on December 23, 1913, was necessary for financial and economic stability. The law created the Federal Reserve System, the central banking system of the United States. The Bretton Woods System. The FED ended immobile reserve issues and the inelastic currency problems and successfully internationalized the U.S Dollar as the global reserve currency. The usage of the prior nationally used U.S. Dollar expanded a first time when the Allies agreed to the terms of the Bretton Woods System, establishing the rules for commercial as well as financial regulations among the United States and its allies. Canada, Western Europe, Australia and Japan accepted the U.S. Dollar, which was backed by a gold exchange standard, making the U.S. Dollar "as good as gold". This was only possible because the United States controlled two thirds of the world's gold reserves. Soviet representatives, who claimed that institutions like the IMF and the International Bank for Reconstruction and Development (IBRD) were Wall Street branches, didn't participate in Bretton Woods and later proved to be right, as the United States printed too much money (not backed by its gold reserves) to wage war on Vietnam, destroying a big part of the value of the U.S. Dollars held by its allies, due to the inflation of the U.S. Dollar money supply. Yet, the initial demand for U.S. dollars created the American way of life: a consumer driven economy fueled by products made outside the U.S. in return for U.S. Dollars. As the Allied countries couldn't really buy any "Made in America"-products, due to the fact that the United States' elites rather outsourced their manufacturing, they instead invested their hard labor into U.S. Treasuries. On August 1971, President Richard Nixon announced the unilateral cancellation of the direct international convertibility of the United States dollar to gold, in a response to halt the Allied countries' continuous attempts to exchange their U.S. Dollars for Gold. By 1973, the Bretton Woods system was replaced by the current freely floating fiat currency system. The petro dollar system. The second wave of U.S. Dollar adoption was the result of the petro dollar, making the global trade of oil U.S. Dollar denominated. Every country on this planet needed and still needs oil to operate and grow its economy, creating an enormous growth in U.S. Dollar demand and like mentioned before, those dollars had to be earned. Especially China served the United States consumer model by producing almost everything Americans can buy in Wall Mart and other stores. By relying on the U.S. Dollar reserve currency status, the American elites have made the mistake of outsourcing manufacturing to China, as often predicted by Donald Trump in the 1980's. The y figured it was easier to just print wealth. The tradewar. President Donald Trump, decided it was time to bring jobs back to the U.S. and started an ongoing trade war with China, the country that supplied the U.S. consumer driven economy, and proud owner of $1.07 trillion in Treasury holdings. The trade war has negatively impacted the economies of both the United States and China and will most likely result in the decoupling of both economies. What is to come? My personal insights. I see huge problems for the U.S. and the rest of the western liberal democracies. But especially the United States, who's currency amounts to no less than 60% of all the world's reserve assets, is vulnerable if and when China who only accounts for 1 or 2 %, says it is time for change. Most likely we will experience another banking crisis, with or without Covid-19, and unfortunately a bigger one when compared to the 2008 dissaster. Did you know that the global debt tripled since then? Many economists and politicians advocate the end of the U.S. Dollar reserve currency system and predict a reset. Every financial system has a limited lifespan similar to a human live: it is created, it grows, it matures, and unfortunately, it ages, weakens and dies. It happened to the Brittish Pound Sterling, and I am afraid that the days of this financial hegemony are numbered as well. And I did write "afraid", why? History tells us that these transition periods are particularly dangerous and have often led to full-blown military conflicts if not world wars. The current wealth transfer, the result of manufacturing outsourcing to mainland China, impoverished the United States and destroyed its middle class. President Donald Trump's analysis that the U.S. needs a strong manufacturing base is correct, yet without its allies the United States will not be able to turn the tide. It took China decades to build its manufacturing base, and President Trump doesn't have the privilege of having the political luxury to design five year plans, as the United States capitalistic and political model specializes more on presidential campaigning and less on economic planning, which is exactly China's strength.
3. The Chinese 'digital' empire.
China is ideally positioned to become the new global power: it produces many of our products and dominates most supply chains. It has been hoarding gold and mines most of the Bitcoin. It might just have the right reserve assets to back its DCEP, the digital Yuan, which will be pilot tested during the 2022 Winter Olympics hosted by China. Despite the fact that the United States and other western nations might not want to adopt the Yuan or allow it to be part of the world's reserve assets, China can demand payment in Yuan for its products. It's that simple! This is why outsourcing is such as stupid economic voluntarily yet fatal policy. If you only print money and don't produce goods, how long will the world play ball? One of the results of Trump's trade war is that China and other countries such as Russia and Iran no longer want to be vulnerable to U.S. sanctions that come in the shape of being denied access to the financial system through Swift. The United States can indeed destroy a big part of Iran's economy, but Iran is now becoming a big cryptocurrency player. In other words, bullying those countries might work in the short-term, but in the long-term they will simply adopt a new standard: and I believe that the Yuan will likely play a major role in the financial system they will adopt. This trend means that the expansion of the demand in U.S. Dollars will stop and reverse, when countries no longer want to use the currency whose issuer can economically destroy them through sanctions. The alternatives for such countires are cryptocurrencies like Bitcoin, Ethereum and many others, national CBDC's (Central Bank Digital Currencies), and the adoption of the digital Yuan. This digital Yuan will be attached to the One Belt, One road initiative, finding adoption whilst developing huge infrastructure projects that will lead to a Eurasian trading zone. If the U.S. Military leaves the Middle East, as Trump brings home troops, this will create the right conditions for China to emerge as the victor.
4. Surveillance Capitalism - Insights on the DCEP (Digital Currency Electronic Payment, DC/EP):
This centralized digital financial system works on blockchain and cryptographic principles and aims to increase the circulation of the RMB, in the hope it can become a reserve currency like the U.S. Dollar.
Created and sanctioned by the Chinese Government, it is the only legal digital currency in China.
The system offers Chinese regulators better monitoring abilities and will be an efficient tool against anonymous counterfeiting, money laundering and illegal financing. At the same time it reduces costs involved in maintaining and recycling bank notes and coins.
As mentioned above, China aims to bypass Swift, which it regards to be a U.S. entity, and will be able to collect real-time data related to money creation, bookkeeping, essential information for the implementation of monetary policies.
The pilot institutions for DCEP, China Construction Bank, Agricultural Bank of China, Bank of China and Industrial and Commercial Bank of China, will serve as a production test for China's new currency system, after which the DCEP will be distributed to large fintech companies such as Tencent and Alibaba to be used in WeChat Pay and AliPay. Transfers will not go through bank accounts, but through electronic wallets.
By mandating that all merchants who accept digital payments must accept DCEP, the DECP will become the most accepted digital currency in the world.
5. Sings of hope.
If the United States adopts blockchain and issues a CBDC (Central Bank Digital Currency) backed by Bitcoin, they will have a reasonable chance to offer the western democracies a new type of dollar standard that can be an anchor versus the coming RMB. If not, I fear the worst is yet to come for the U.S. Dollar and its economy. Many smart American economists and Wall Street goeroe's have finally figured out the remarkable strength of Bitcoin, the world's first and most favorite digital form of gold. Some of the smartest investment capitalists like Ray Dalio and Warren Buffet have allocated more money into gold, a clear sign of trouble. Bitcoin might be a step too far for Warren Buffet, but rest assure that Wall Street investment management companies have figured it out by now, have you? You can expect more institutions to allocate a % of their portfolio's wealth into Bitcoin and other cryptocurrencies, as a hedge against the systemic risk in our global financial system, which will inevitable start feeling the effects of the trillions that have been printed. "Inflation makes you pay 50 dollars for the 20 dollar haircut you used to get for 5 dollars when you had hair!"
Blockchain’s future is less hype, more trial and error
The noise surrounding blockchain over the past few years is a perfect example of the Gartner Hype Cycle. Blockchain rose quickly from innovation trigger to reach a peak of inflated expectations and is today crashing into the trough of disillusionment. But it would be wrong to write off blockchain just yet. The ride along the slope of enlightenment will be the really interesting one — where a growing number of industries come to grips with the technology and develop practical applications. I predict we will see some gamechanging uses for blockchain quite soon. https://preview.redd.it/iqux018kosr51.jpg?width=700&format=pjpg&auto=webp&s=9505a940375ac35c606f56a9de7ae40bd6f40795 Blockchain is a distributed database, which means it stores the same data in many places. This has three main advantages: the data is hard to tamper with because it is recorded in multiple places simultaneously; the data cannot be erased, only added to; and there is no controlling or dominant party, which frees it from control of a single entity and allows it to exist outside any legal or company framework. These are the elements of blockchain that many are using to build a new “internet of trust”, and it is these features that will drive the creation of valuable applications. Today blockchain is best known as a store for cryptocurrencies, with Bitcoin being the most famous — or even infamous due to the crash in its value since the start of the year. But there are many other applications across a wide section of the economy, from farming and manufacturing to the legal and accounting professions and even the retail and health industries. Some have been unsuccessful, which has partly undermined the technology’s credibility. For example, using blockchain to record anything that has a short life, such as perishable food, or creating property ownership records in countries with poorly function legal systems can cause more problems than it solves. The former doesn’t need the longevity of blockchain, while the latter risks recording false information that is very hard to put right. On the other hand, blockchain is ideal for situations where trust is required between two or more parties, particularly when those parties have no reason to trust each other. (This is particularly true on the internet). This is at the heart of work we are doing at the École Polytechnique Fédérale de Lausanne’s new Centre for Digital Trust (C4DT). Our first live project was to create a blockchain-based e-voting system for EPFL’s school assembly. It allowed decentralised voting, maintained anonymity and the distributed nature of the blockchain ensured a tamper-proof election in which multiple groups could verify the results. Looking ahead, the technology with enhancements could be used not just on campus but in sensitive national or local elections where suspicions about interference may be an issue. Another ground-breaking project is being undertaken by the ho, banking software specialist Bank. Its aim is to create common standards around issuing, distributing and trading securities using blockchain. CMTA has founded a company called Opus Nigrum with the sole intention of setting a legal precedent in Switzerland whereby blockchain technology can be used to record share ownership. We are currently building the software and, once complete, the company directors will issue shares, transfer share ownership and record it all on a blockchain. A similar exercise has already been completed by the World Bank when it worked with the Commonwealth Bank of Australia to issue the world’s first blockchain-stored bond, dubbed the Bondi bond, in August. The rationale is that a blockchain cuts out the need for a third party, such as a notary or law firm, to register the ownership or transfer of shares. Using blockchain can therefore simplify the process and make it cheaper. CMTA hopes the Opus Nigrum exercise will provide a standard for how it should be done correctly in Switzerland and that developers will then seize the opportunity to create a robust, user-friendly platform. It’s a question of get it right once and roll it out. Once set, the precedent would allow blockchain to be used not just to record share ownership, but for other financial transactions, too, from loans and bond issuance to more complex financial instruments. The elimination of the middleman might prove to be particularly attractive to small and medium-sized enterprises because blockchain will make it easier for them to access new finance and grow. Applications like these promise to simplify transactions and democratise access to financial markets. It’s an exciting time, even if some of the hard, collaborative work to develop real-life applications for blockchain fails to grab the headlines.
CRYPTO GRANNY PREDICTS 2020 BOOM IN CRYPTOCURRENCIES & ALTCOINS
CRYPTO GRANNY PREDICTS 2020 BOOM IN CRYPTOCURRENCIES & ALTCOINS [Australia] Cryptocurrency & Blockchain YouTube influencer popularly known as “Crypto Granny” within the community has predicted a 2020 boom in crypto & altcoin markets as global economies are in terminal decline. Whilst the world is distracted with the global pandemic, governments are fighting the far greater threat of Economic Collapse that is largely unreported but imminent. As people around the world from suffer from this virus they will soon realize that the real threat to their future is far greater than Covid-19 as their FIAT investments, savings and pensions lose their value quicker than rising inflation. “So we now see a rapid rising in food prices globally, living costs escalating out of control whilst on the other hand we are all losing our earning capability with much higher unemployment and substantially lower Economic Growth Environments where Government policies will be useless” stated Crypto Granny. We are currently experiencing a coordinated push towards digital economies and negative interest rates spearheaded by Central Banks globally which will lead to catastrophic currency devaluations going forward, thus effecting household wealth negatively, whilst seeing a move to precious metals such as Gold and Silver to offset this effect. Crypto Granny believes this will lead to a catalyst for Global flight to the safety of cryptocurrencies and altcoins during the coming months and years and a move from Fiat Investments that are liked to rising Government Debt and poor Government Economic ( Monetary and Fiscal) Policies. Crypto Granny Susan Crew has a Major in Finance from the University of Queensland 1993-1997, Australia and has worked in Fixed Interest, Equities, Foreign Exchange & Cryptocurrency Markets with companies including Rim Securities, Investec, Citi Group and the Commonwealth Bank of Australia and she now provides cryptocurrency education at esoterictradingsolusions.com.au and through her popular YouTube & Patreon Channels. #crypto #bitcoin #cryptocurrency #blockchain #btc #ethereum #forex #money #trading #bitcoinmining #bitcoinnews #cryptocurrencies #cryptotrading #bitcoins #cryptonews #investment #investing #entrepreneur #invest #business #litecoin #forextrader #eth #trader #bitcointrading #bitcoincash #bitcoinprice #forextrading #xrp #bhfyp
So, I've come up to the following comment of a video on youtube and since the guy is obviously biased towards EOS, and missing a lot essential information regarding Cardano, I've actually realized he is making a good point in a way or another. Especially considering the fact that the two projects have almost similar life-length. Let me make it clear, ADA is 99.5% of my portfolio, and i'm in since November of 2018, but let's be honest, there are questions to be raised, and I would start with: how about getting Staking released after 5 official postponements? Here's the comment: Some facts about Cardano: - They have a wallet. Its not working very well, takes forever to sync. But, its peer reviewed....like everything else will be. - still running on one server, but promisses to be the most decentralized of all. Some day... - The IOHK contract expires in 2020. - One of the only two dapps that were developing on cardano (sp8do) moved to eos. - Did i mention that they have a wallet? Some facts about eos: - running with NO FEES and INSTANT transactions (try gaming sites...youll be amazed) on 21 Block Producers out of 500+ from which the voters can choose from, every 2 minutes. - VC founds investing 100s of millions (Novogratz Galaxy digital 325 Million, $100m FinLab AG and BlockOne VC Fund, $50m SVK Crypto and B1 fund, $50m Tomorrow Blockchain opportunities fund, ...___). - $1bn BlockOne commitment to fund Dapps in the Eco system (EOS VC Initiative) - $200m VC fund with Blockchain veterans Michael Cao and Winnie Liu, which will make strategic investments in Asia-focused projects utilizing EOSIO - Bitmain's Jihan Wu investing heavy in BlockOne - PayPal’s Peter Thiel investing heavy in BlockOne - Rob Jesudason, the Chief Financial Officer (CFO) of Australia’s Commonwealth Bank (CBA), has left the bank to join BlockOne as chief operating officer - Tomorrow Ventures, a venture capital linked to former Alphabet Inc chairman Eric Schmidt, is also involved. - sister chains launching (Worbly, Telos, Eosforce, Boid, Evolution, Eoseurope, BOS,..) They will eventually have inter-Blockchain communication (IBC) which will be a revolution in speed and usability. - Activision (call of duty, angry birds) and Mythical games giants already building on eos. Mythical Games $16m founded by VC's. - China government rated EOS number 1 crypto many times. - Weiss Rating rated EOS number 1 crypto - blocktivity shows - 87 million trx per day, more than all other crypto combined and multiplied many times - in its inphancy (In comparison Ethereum average 600k and Bitcoin average 500k) - 17.000 trx pre pecond on testnet, beating every other project many times over - Wickipedia founder launched Everypedia on EOS, growing fast and thinking on launching their own eos sister chain - DappRadar - most used dapps of all other crypto - Second in number of developers, behind ethereum (not for long as they are moving to eos) - free Airdrops and Airgrabs, worth 1/3 of the EOStokens in just 8 months and coming more and more frequent - Bancor launched a decentralised exchange where you can trade ETH, ERC20, EOS and all EOS airdrops directly beetween them, without fees - many DEX exchanges where you can trade EOS airdrops directly from/to your EOS account - no need to send them anywhere!! (jeah, really!) Eos is growing a brand new internal blockchain market of its own. Many tokens atm are only tradable in EOS. - introducing EOSBTC, EOSETH and EOSUSDT..that act like eth, btc and usdt stable coins, but on eos's blockchain speed - Ledger Nano S integration, where you can set up Ledger to be your active or owner key... and so protecting your eos account even if someone steals your Ledger. A revolution in crypto security. - 4,8 BILLION US DOLLARS warchest in CASH - EOS's development funding is the only crypto that is not effected by the bear market - BlockOne is the only one out there hireing lots of developers in a bear market when others are laying them off. - Many Dapps migrating from ETH to EOS (Sense coin, havven, texico, medipedia, sentinel, Eos Dice bet,...). Even one of the only two dapps developing on cardano just moved to eos (sp8do), publicly exposing cardano as too complicated to build on. - incredibly scalable (every future issue can be fixed easily without a fork) - FORTH crypto in trading volume in a BEAR market (only behind BTC, ETH and USDT) - multiple exchanges adding EOS trading pairs regularly - Blockchain with human readable names, makes transferes as easy as possible - Blockchain with top security, the first one with the so called 'owner' and 'active' key pairs. - one of the strongest and largest community there is. EOS reddit, EOS telegram, a huge amount of sub communities too like for Block Producers, Developers, Designers, people who just talk price action... Even the individual block producers have their own communities, sister chains have their own, dapps build on eos have their own communities... - Virginia Tech - the tech school where Dan Larimer is teaching young troops on eos and blockchain...wait till they come out of there... - Chintai lending, where you can lent your eos resources for profit, today. - Huobi just launched a new exclusively EOS based exchange, where voting and other things will be possible. - referendum voting is on, the ultimate decentralisation. Power to the token hodlers. - EVA, the Uber competition dapp built on EOS got an official operating permit in Quebec - Just out - support for Microsofts . NET - Virginia Tech partnering with Block One - pEOS - just Airdroped to all eos holders. Privacy coin on eos mainet! Immagine a monero on eos... That you can send from eos account to another eos account without a trace... ;) - Tapatalk, a forum system that has over 200.000 forums all around the internet, and more that 300 mio users, is implementing their reward system on EOS. - EffectAI (EFX) moving from NEO to EOS in april 19. - Sense, the new telegram on eos, launched. - Wanchain announced it will integrate with EOS. - FCAS standars of CoinMarketCap rates EOS in first place. - Block one released an hardware wallet as an open source library so any HW can use it - cybersecurity veteran Eddie Schwartz joins Block1 as chief information security officer - EOS is listed on CoinBase Pro. - Still to come (and consequently rise the price): - REX renting (voting incentive, CPU congestion solving) - Block One wallet (with all the goodies in one secure place) - Trezor and other hard wallets implementation - banking on eos (yes, they are opening their own bank where the costumers will be the owners, it is called The Good Bank) - dmail - an email beetween eos accounts, just about finished - facebook on eos, - identitiy on eos, - genome on eos - financial markets on eos, - last but not least - Dan Larimer thinking of a Bitcoin on stereoids on the eos chain (so called Shower coin, that made the competition shit in their pants according to the "Dan is leaving" FUD they are still desperately trying to spread) All this in under a year... And June is coming...
The World Bank’s Blockchain Bond Is Just a Fancy Way of Selling Debt
This is the best tl;dr I could make, original reduced by 89%. (I'm a bot)
Last year the World Bank and the Commonwealth Bank of Australia announced a permissioned Ethereum-based blockchain to facilitate the end-to-end issuance of bonds between financial partners. The World Bank wants to digitize bond markets and debt capital settlement on a private Ethereum blockchain. The asset manager Northern Trust and several Australian financial institutions and government entities participated in purchasing the Bond-i. With a two-year lifespan, the World Bank expects the Bond-i blockchain debt security to trade among buyers and sellers. The World Bank selling debt in the form of bonds so central banks can print more money has the same effect as the direct manipulation of interest rates. Whether it's hosted on a fancy blockchain or not, until the World Bank stops the bond scheme, the borrowing economies will remain manipulated and artificial. What do you think about the World Bank's new blockchain Bond-i project? What do you think about the World Bank/IBRD's practices of selling debt to poor countries? Let us know what you think about this subject in the comments section below.
Coinbase và Barclays đường ai nấy đi. Người dùng Anh sẽ bị ảnh hưởng?
📷 Barclays, ngân hàng toàn cầu có trụ sở tại London, gần đây đã ngừng giao dịch với sàn giao dịch Coinbase có trụ sở tại Hoa Kỳ. Ngay sau đó, Coinbase thông báo đã tìm thấy một ngân hàng thay thế khác cũng có có trụ sở tại Vương quốc Anh, ClearBank. Xem thêm: ieo bittrex Trong khi Barclays kết nối với Coinbase thông qua Chương trình thanh toán nhanh hơn (FPS) của Vương quốc Anh cho phép rút và gửi tiền ngay lập tức bằng đồng bảng Anh tại sàn giao dịch thì phải ít nhất đến cuối quý 3/2019 ngân hàng ClearBank mới có thể cung cấp dịch vụ tương tự. Trước đây, các khách hàng chỉ mất vài giây để gửi và rút tiền bằng bảng Anh tại Coinbase thì hiện tại phải mất nhiều ngày để xử lý. Trước quyết định liên quan đến Coinbase của Barclay, ngân hàng Santander của Tây Ban Nha đã chặn khách hàng Anh gửi tiền fiat vào sàn giao dịch. Người phát ngôn của Santander khẳng định nguồn tin này không đúng sự thật: “Chúng tôi không chặn thanh toán của bất kỳ công ty hợp pháp nào. Tuy nhiên, trong một số trường hợp nhất định, chúng tôi sẽ yêu cầu kiểm tra bảo mật bổ sung khi có dấu hiệu rủi ro gian lận cao hơn”. Việc kinh doanh diễn ra như thường lệ? Không hẳn là vậy… Trước khi có quyền truy cập vào FPS, sàn giao dịch có văn phòng tại Dublin và London đã chuyển bảng Anh sang Euro thông qua ngân hàng LHV Pank có trụ sở tại Estonia hiện vẫn còn hợp tác với Coinbase. Được biết, ngân hàng LHV sở hữu và quản lý tài sản lớn nhất tại Estonia dường như có cách tiếp cận cởi mở hơn đối với blockchain so với Barclays. Chủ tịch hội đồng giám sát Cozel Lõhmus của LHV phát biểu vào năm 2015: “Blockchain Bitcoin là mật mã khóa công khai lâu đời nhất, được kiểm tra và bảo mật tốt nhất. Do đó phù hợp với các ứng dụng hiện tại của chúng tôi”. Nhưng LHV lại không thể cung cấp cho Coinbase những dịch vụ ‘xa xỉ’ như Barclays. CEO Zeeshan Feroz của Coinbase tại Anh phát biểu ngay sau khi Barclays lần đầu tiên hợp tác với sàn giao dịch: Xem thêm: “Sử dụng dịch vụ thanh toán GBP trong nước của Barclays giúp giảm chi phí, cải thiện trải nghiệm của khách hàng … và giúp giao dịch nhanh hơn”. Ông cũng cho biết sàn giao dịch đã rất cố gắng và mất nhiều thời gian để kết nối Barclays với Coinbase, vì trước đó họ đã tìm cách đảm bảo thực hiện các thủ tục chống rửa tiền (AML) thích hợp. Coinbase là một trong những công ty blockchain đầu tiên được Barclays cho phép truy cập FPS. Feroz nhấn mạnh “có rất nhiều sự hiểu biết và quản lý rủi ro cần thiết”. Ông lưu ý vào thời điểm đó rằng Liên minh châu Âu đã tăng trưởng “nhanh gấp đôi so với bất kỳ thị trường nào khác trong năm 2017” và Vương quốc Anh là thị trường lớn nhất trong khối. CEO Joshua Scigala của sàn giao dịch vàng – Bitcoin Vaultoro trích dẫn các quy định về hoạt động ngân hàng có thể buộc Barclays phải đóng tài khoản của Coinbase. Cụ thể: “Ngành công nghiệp ngân hàng trước đây đã lập ra hàng loạt quy định quá khó để các startup cạnh tranh, gây gánh nặng pháp lý. Rõ ràng là ‘gậy lưng đập lưng ông’ bởi vì chính các hàng rào quy định này lại khiến họ không thể cải tiến”. Barclays muốn đưa Bitcoin vào cuộc chơi CEO Ashok Vaswani của Barclays trả lời phỏng vấn của CNBC rằng ngân hàng và các nhà quản lý đã cùng bàn bạc về tiền điện tử, nhưng không tiết lộ chính xác chi tiết của cuộc đàm phán với Cơ quan Tài chính Anh (FCA). Tại một cuộc phỏng vấn khác với CNBC sau hội nghị fintech Money 20/20 ở Copenhagen, Đan Mạch năm 2017, ông khẳng định cuộc họp chủ yếu nói về phương thức đưa Bitcoin vào cuộc chơi và cách làm cho nó an toàn. Xem thêm: rút tiền từ coinbase Vào năm 2015, công ty đa quốc gia của Anh đã điều hành một cuộc thử nghiệm với sàn giao dịch Bitcoin Safello trên PoC. Trong năm 2016, ngân hàng xác nhận đã liên kết với Circle Internet Financial, là công ty chủ quản ứng dụng Circle Pay do FCA quản lý chuyên sử dụng Bitcoin để chuyển tiền miễn phí. Barclays nhận tiền gửi khách hàng thông qua Circle. Năm 2019, ngân hàng tài trợ cho một cuộc thi hackathon blockchain. Mặc dù thừa nhận các ngân hàng lớn có vẻ rất quyết tâm nhưng Scigala không chắc họ sẽ đi đến cùng với blockchain: “Barclay cũng giống như một số người chơi lớn khác nói rất nhiều nhưng không có hành động thực sự liên quan đến tiền điện tử. Rất nhiều trong số họ ‘khua chiêng múa trống’ về blockchain trên các phương tiện truyền thông để nghe có vẻ hiện đại và giống như họ đang đổi mới nhưng khi nói đến hành động thực tế, họ chặn hoặc thậm chí tẩy chay tất cả các doanh nghiệp nghiêm túc làm việc trong không gian công nghệ mới. Và tất nhiên, Barclays không ngoại lệ”. Các nhà phân tích của Barclay xem Bitcoin là virus truyền nhiễm Mặc dù trao đổi với cơ quan quản lý về việc làm sao để giúp Bitcoin trở nên an toàn hơn nhưng các nhà phân tích của Barclay đã từng so sánh BTC với bệnh cúm. Joseph Abate bị cáo buộc thông qua một ghi chú viết cho khách hàng: “Giống như bệnh truyền nhiễm, lây truyền – đặc biệt là đối với những người mắc chứng sợ bỏ lỡ – là từ cửa miệng, thường thấy qua blog, tin tức và các câu chuyện cá nhân. Tuy nhiên, một khi các ngân hàng hoàn toàn chấp nhận BTC thì suy giảm giá trị sẽ xảy ra đều đều và thậm chí còn giảm nhiều hơn”. Mô hình của Barclay đã chia dân số toàn cầu thành 3 phần, bao gồm những người dễ mắc bệnh, những người dễ bị tổn thương nhưng không bị nhiễm bệnh và những người miễn dịch. Những người bị “truyền nhiễm” là những người mua 0.1% tiền điện tử trong lần đầu tiên. Trong khi đó, có 25% dân số dễ bị Bitcoin làm lung lay ý chí do sợ bỏ lỡ. Một số người miễn dịch thì sẽ không bao giờ mua Bitcoin. Barclays lưu ý Bitcoin thường được ưa chuộng ở các nền kinh tế yếu kém. Theo ông Abate, “tiền điện tử có thể là nơi trú ẩn an toàn ở những nền kinh tế ít được người dân tin tưởng. Việc chấp nhận rộng rãi các công nghệ tiền điện tử phải đối mặt với những thách thức to lớn và những người đương nhiệm quyết liệt”. Lo ngại nạn rửa tiền? Nhiều người tin rằng Barclays đóng tài khoản Coinbase do lo ngại về AML. Các chính phủ đã đánh thuế 17 tỷ đô la tiền phạt liên quan đến AML kể từ năm 2009 và các giao thức AML của EU, Hoa Kỳ tiếp tục trở nên khó khăn hơn. Ngân hàng Danske hiện đang phải đối mặt với mức phạt từ 6 đến 8 tỷ đô la do vi phạm AML mà theo một số nhà phân tích thì đó là vụ bê bối rửa tiền lớn nhất từ trước đến nay. Các cơ quan quản lý cũng đã điều tra hoặc phạt Commonwealth Bank of Australia, chi nhánh tại Anh của Ngân hàng Canara Ấn Độ, Ngân hàng Standard Chartered, Ngân hàng Deutsche, Tập đoàn tài chính Mitsubishi UFJ và Goldman Sachs. CEO Jason Blick của ngân hàng kỹ thuật số toàn cầu EQIBank dành cho doanh nghiệp và các cá nhân có giá trị ròng cao cho rằng các quy định về AML và Hiểu khách hàng (KYC) là lý do tiềm năng buộc Barclays phải đóng tài khoản của Coinbase. “Các hệ thống nội bộ của ngân hàng truyền thống không được thiết kế để đối phó với các ngành công nghiệp đột phá hoặc sáng tạo. Nhiều ngân hàng đang phải đối mặt với mức phạt kỷ lục do vi phạm AML và KYC. Hầu hết các ngân hàng truyền thống chỉ đơn giản là không hiểu cách quản lý rủi ro tài sản kỹ thuật số và tiền điện tử”. Ngoài các thách thức AML, KYC và nhu cầu về công nghệ mới của người tiêu dùng, Blick lưu ý một số ngân hàng đương nhiệm không thể duy trì dịch vụ online. Ngân hàng toàn cầu HSBC chỉ là một trong những ngân hàng lớn phải đối mặt với sự cố ngừng hoạt động trực tuyến khiến khách hàng không thể truy cập vào tài khoản và các dịch vụ khác thông qua mạng internet. Khách hàng của Bank of America, Commonwealth Bank of Australia, ANZ Bank, Royal Bank of Scotland và NatWest đều phải chịu đựng những vấn đề tương tự. Cụ thể: “Họ không thể đáp ứng các hoạt động ngân hàng có nhu cầu ngay lập tức như các khách hàng và ngành công nghiệp tiền điện tử mong đợi… Nhưng thế giới đã thay đổi. Chúng tôi di động và trực tuyến. Chúng tôi hy vọng có thể sử dụng các giao dịch thời gian thực và truy cập vào các dịch vụ tài chính suốt ngày đêm. Nhưng đáng tiếc các ngân hàng lớn, như Barclays, không thể theo kịp”. Ngoài ra, Blick cũng nhắc đến các ngân hàng dám đương đầu với thách thức như ClearBank. Họ đổi mới từ gốc rễ và sử dụng các phương pháp phân tích hành vi để nhận biết KYC và AML. Ông khẳng định “những người chấp nhận thách thức là những người đi đầu trong việc thúc đẩy công nghệ kỹ thuật số và định hình tương lai của ngân hàng. Scigala nói thêm: “Các tổ chức lớn như Barclays sẽ tự làm mình trở nên lỗi thời nếu họ không nắm bắt toàn bộ tài sản kỹ thuật số khan hiếm và tiền lập trình”.
Crypto News Recap: Cryptocurrencies are in the green as Coinbase gears up for its largest expansion of crypto listings to date
About 80 representatives from large financial institutions and cryptocurrency firms met with US lawmakers in Washington yesterday and conveyed a consistent message: they need more clarity in regard to regulatory guidelines of cryptocurrencies and initial coin offerings. Financial institutions made it clear that they are hesitant to enter cryptocurrency markets as they are unsure whether cryptos will be treated as securities or not. Crypto firms and startups are also unclear about how to approach compliance in regard to cryptos. Congressman Warren Davidson, the host of the event, told participants that he would begin to introduce “light touch” legislation within the next few weeks.
According to a study by McAfee Labs, cryptocurrency mining malware attacks surged 86% in the second quarter of this year. The majority of attacks have been aimed at personal computers, but cryptojackers have begun to turn their attention more towards smartphones and other gadgets with internet connection. McAfee Labs notes that while crypto mining malware attacks have spiked, ransomware attacks have fallen 30% in the second quarter of 2018.
Afri Schoedon, the release manager for Parity Technologies, Ethereum’s software client, caused an uproar after tweeting that, due to scaling challenges, to, “stop deploying dApps to Ethereum.” Ethereum creator, Vitalik Buterin, eventually stepped in to defend the network, but others continued to point towards other blockchains as better solutions that are “here now” and not in development.
Bitcoin’s largest block ever was added to its blockchain on September 5th, 2018. While Bitcoin maintains an average block size of roughly .8MB, Bitcoin block 540107 had a size of 2.26MB, making it the largest block ever added to Bitcoin’s chain. Many are taking this as a positive sign for Bitcoin and as a sign of technological progression.
Coinbase announced Tuesday that it is launching a new policy for listing new cryptocurrencies with hopes of expanding the range of assets traded on its exchange. Coinbase will replace their ad hoc review process for new coins with an online evaluation form that should streamline the process. Coinbase will also restrict certain coins from certain areas depending on which criteria they meet and do not meet in order to comply with different regions’ legal requirements.
Crowd Machine, a crypto platform working to build a blockchain replacement for Amazon Web Services, may not survive after the firm was hacked. A member of the Crowd Machine team posted Saturday that the team’s crypto wallet was hacked and robbed of more than 1 billion of its native token, Crowd Machine Compute Tokens (CMCT). After the theft was announced, CMCT tanked 87% to a low of about USD$0.0019.
Dell EMC Technologies is furthering its blockchain, artificial intelligence, data analytics, and cloud-compliance capabilities in order to remain the leader in India’s server market. Dell currently has the largest overall market share in India’s server market, with 28.4% of market share in 1Q2018. In an interview with the Economic Times India, Dell’s Senior Director and General Manager of its Infrastructure Solutions Group, Manish Gupta, expressed that cloud, AI, analytics, and blockchain are key to optimizing traditional servers.
Joe Lubin, founder of ConsenSys and co-founder of Ethereum, believes cryptocurrencies are the most logical step in the evolution of money. Lubin believes that cryptocurrencies’ ability to reduce costs and operate without a central actor leads it to be the next logical step for currencies. In explaining his belief, Lubin cited quotes from Margaret Boden’s, “The Creative Mind: Myths and Mechanisms” and Hernando de Soto’s, “The Mystery of Capital.”
Monero (XMR) developers have patched a bug that could have allowed an attacker to “burn” funds in a user’s wallet while only sacrificing network transaction fees. The bug was discovered after users on the XMR subreddit were discussing a hypothetical attack. Monero developers have urged exchanges, merchants, and other relevant individuals or organizations to apply a new software patch.
SBI Ripple Asia, a joint venture between SBI Holdings and Ripple, announced today that it has completed registration with the Kantou bureau of Japan’s Ministry of Finance to serve as a licensed agent for handling electronic payments. The new license for SBI Ripple Asia will allow the joint venture to roll out its MoneyTap payments app geared towards facilitating peer-to-peer payments for retail users over a distributed ledger. SBI Ripple Asia will initially launch MoneyTap in partnership with three domestic Japanese banks but hopes to expand to over 60 financial institutions.
The blockchain developed by CSIRO, Australia’s national science agency, processed a massive 30,000 transactions per second (tps) in its first test on Amazon’s cloud computing network. Dubbed, “Red Belly Blockchain”, the blockchain was developed jointly between the Commonwealth Scientific and Industrial Research Organization and the Concurrent System Research Group at the University of Sydney.
Cryptocurrencies Poised to Finish the Day Positive, Bernstein Report Suggests Bitmain Market Position Deteriorating
Bitmain, the world’s large Bitcoin mining manufacturer, is introducing a new 18 terahash water-cooled mining device. The new rig, called the Antminer S9 Hydro, will have a hashrate of 18TH/s and will consumer ~1,728W.
A research report from Sanford Bernstein suggest that Bitmain’s monopolistic position in the bitcoin mining manufacturing industry is deteriorating. According to the analysis, competitors such as Canann and Ebang International are catching up to Bitmain and cause pricing pressure on Bitmain’s products. The decline in cryptocurrency market valuations have further put downward pressure on Bitmain profitability and returns on capital.
US cryptocurrency exchange Bittrex is partnering with Rialto Trading, a regulated alternative trading system, to launch blockchain-based securities. If the regulators approve of the idea, the Bittrrex-Rialto partnership is looking to launch products like issuance advisory service, placement, trading and custody.
According to Chinese news sources, the Chinese government has blocked domestic traders from accessing 120 overseas cryptocurrency exchanges.
After being hacked this past June, South Korean cryptocurrency exchange Bithumb recorded net profit of USD$35mm for C1H2018. Total revenues were USD$270mm while operating profit was USD$194 in spite of a significant drop in trading volume following the USD$31mm breach in June 2018.
The German Government call for an independent payment system that is free of the United States is being viewed as a net positive for Bitcoin.
LG, the South Korean electronics conglomerate, is strategic focus that emphasizes blockchain. The blockchain platform will emphasize a new decentralized identification protocol which will help LG transition to a completely digital ecosystem that manages customer businesses.
Stockholm IT Ventures AB, a Swedish Block startup, has signed an agreement with Valens Bank to use the BTT Crypto Trading Toolbox for Crypto Fund trading. The agreement will allow professional traders to actively manage digital assets for customers using AI trading tools.
The UK Ministry of Justice is exploring blockchain as a tool to secure digital forms of evidence according to CoinDesk. The idea, as explained by Deputy Director Balaji Anbil is that blockchain technology can be used to assist in handling digital evidence.
London-based Wirex, a Bitcoin wallet and payment card provider, announces it is the 3rd crypto-enabled company to receive a e-money license from the UK financial regulators. Wirex can now issue electronic money and provide payment services throughout the EU and European Free Trade Association.
The World Bank and Commonwealth Bank of Australia have issued a A$100mm (USD$73.16mm) public bond exclusively on a blockchain network.
Red Belly Blockchain - The next generation blockchain is here!?
https://preview.redd.it/8xxtae6pat421.png?width=300&format=png&auto=webp&s=ac275846a81e315f1c1b51c72070d7dbc32c76c0 Click here to read the full review The Red Belly Blockchain is a Distributed Ledger Technology (DLT) that has been developed by the University of Sydney and Australia’s Commonwealth Scientific and Industrial Research Organization (CSIRO) federal science agency. Red Belly prides itself on being a secure, high throughput blockchain that can process hundreds of thousands of transactions per second (tps) while retaining a high level of security due to its unforkable nature. The team behind the project has developed a deterministic byzantine consensus algorithm, and this unique mechanism solves the double spend problem and works to allow the network to complete transactions after receiving a threshold of messages without having to wait for confirmations from slower, low performance nodes. They also propose the ComChain community blockchain model that builds on the Red Belly Blockchain and bridges the gap between public and consortium/private blockchains. ComChain does not require synchrony regarding transaction validation and allows the network to efficiently process a high number of transactions. Red Belly aims to provide: Fast Settlements – a transaction gets committed in the second and the resistance to forks means there is no need for any number of confirmations, and a transaction in a block is there for good High Scalability – the network can process 600,000 transactions per second, and the built-in concurrency leads to high performance levels as the number of service providers increases Low Storage Requirements – the possibility to retain verification integrity without extensive storage, as the network verification process makes address balances verifiable without needing to download the entire blockchain Red Belly is a hybrid blockchain able to operate in both private and public modes, and provide alternatives to the public blockchains used by Bitcoin and Ethereum as well as consortium blockchains like R3. The team envisage a number of different scenarios were Red Belly may be used by Internet users in a peer-to-peer fashion, as well as in high level industrial or financial environments that are restricted to certain users. ✅ Review Rating ✅ Product | 85% Use of Blockchain | 100% Documentation | 70% Business Model | 75% Company & Team | 85% Final Rating | 83% Red Belly is difficult project to rate as it is still in stealth mode and key aspects of the project are still to be confirmed. Clearly, the hard cap, token metrics, and the development roadmap need to be disclosed in addition to a detailed explanation of the network’s token utility before we can try to fully evaluate the project. Despite this, there are some obvious strong points that highlight that Red Belly may be something special, such as the team having strong academic and business backgrounds that give the project a significant amount of credibility and hint that they may overcome the serious obstacle of ensuring platform adoption. Data61 has entered into a partnership with law firm Herbert Smith Freehills and IBM to build the Australian National Blockchain (ANB) project, and has also partnered with the Commonwealth Bank of Australia to pilot a blockchain-based smart money app. This highlights that the team are able to achieve significant results in the world of business and commerce, and are able to successfully leverage their extensive network and contacts from the University of Sydney and CSIRO. The project appears to be well positioned to establish itself in Australia however, the ANB project does throw up some issues as the service will be built on the IBM Blockchain and the previous test results announced by the team were obtained while using Amazon’s Web Services (AWS) global cloud infrastructure. As a result, many of the claims made by the team are still to be verified and public versions of their blockchain need to be evaluated by the general body of blockchain developers and programmers. In addition, we still need to see just what their blockchain can do “out in the wild” under more natural conditions. As a secure, high throughput, unforkable blockchain, Red Belly faces competition from established projects such as Ethereum and Stellar as well as from a large body of newer projects such as EOS and Hedera Hashgraph. In order to finally rate the project, we will need to see the overall metrics as well as delve deeper into the technical aspects of the project. For now, Red Belly remains one to keep an eye on and definitely has the potential to become an outstanding project.
https://preview.redd.it/u2pxaa5f8bg11.jpg?width=1000&format=pjpg&auto=webp&s=d28620965c12c5d712afd4e0513742c103486d8e Blockchain has the power to build trust and help reduce inefficiencies when transacting a wide-range of assets and a lot of revolutionary work is being done by startup companies, as innovative enterprises and businesses examine the blockchain as a way to resolve real-world problems and improve societal issues related to commerce and trade. In fact, a good number of these startups are due to the efforts of a growing group of tech-savvy women who are organized and motivated through various organizations and sponsored events. For example, in May, over 300 female participants gathered on Mother’s Day to talk about women’s role in blockchain during the Women on the Block Conference, the brainchild of Alexandra Levin-Kramer, ESQ., a partner at CKR Law who also heads their Blockchain Technology & Digital Currency group. Asgardia, the first ever space nation encourages the development of technologies by women as much as men and many important women are helping Asgardia to work toward their long-term goal of setting up habitable platforms in low-Earth orbit. Moreover, when the time comes to provide healthcare for Asgardians Asgardia’s Ministry of Health might consider a blockchain-based platform as a viable option because blockchain technology can help the healthcare industry provide better value. One way this can happen is that by using blockchain technology to form a digital means of storing and managing patient and healthcare records it gives both doctors and medical providers faster and more timely access to medical history and diagnoses, which can help give better, more rapid treatment. It’s not just businesses and the healthcare industry that stand to benefit from blockchain technology. Of course, banks and the financial industry can find many advantages too. For instance, The World Bank has mandated the Commonwealth Bank of Australia (CBA) to be the sole arranger of the first global bond to be created, allocated, transferred and managed using blockchain technology. The $AUD Kangaroo bond, entitled ‘bond-i’ — short for Blockchain Offered New Debt Instrument — has been produced with the input and backing of the investor community such as the Northern Trust, QBE and Treasury Corporation of Victoria. When introduced, the bond will be issued and distributed on a blockchain platform controlled by the World Bank and CBA in Washington and Sydney, respectively. Financial blockchain technological advancements are of great interest to Asgardia. As a full-fledged space nation, Asgardia will have its own virtual currency called SOLAR, a cryptocurrency that will be freely exchangeable into all main Earthly currencies on the free market on the Earth, in accordance with Asgardia’s laws. Nevertheless, when it comes to mining cryptocurrency it is hardly being done by individuals — but instead mining consortiums with an arsenal of computer processing power. As the crypto community grows and more coins are mined, the process has become increasingly popular, which has driven up the energy needed to process and complete these transactions. In fact, mining Bitcoin will make up 0.5% of the world’s energy consumption by the end of 2018. But the good news is that energy consumption in and of itself is not necessarily a problem because cryptocurrency mining could be powered by renewable energy, which is the case in Iceland. Although, approximately 60% of all mining comes from China where the majority of cryptocurrency mining is powered by non-renewable energy. Fortunately, many companies are looking for solutions and studying greener methods of performing cryptocurrency transactions. The current, green alternative to Bitcoin has already sprung up in the form of the unsurprisingly named Bitcoin Green, which follows all of the original tenets of Satoshi Nakamoto’s Bitcoin, while still being built on energy efficient, extremely fast proof-of-stake and master node mining agreement. If you’re looking to connect with forward-thinking people who embrace technologies such as the blockchain, along with science and technological advancement join Asgardia. Learn more on Asgardia.Space
World Bank President: Distributed Ledger Technology Has ‘Huge Potential’
The president of the World Bank Group Jim Yong Kim has stated that distributed ledger technology (DLT) has “huge potential” and that the bank should keep pace with innovative technologies. Kim spoke at the International Monetary Fund (IMF) and the World Banks’ Annual Meeting in Bali, Indonesia. Kim addressed the importance of fighting poverty while boosting prosperity, pointing out that “there are innovations in the technological world that can help us leapfrog generations of bad practice, generations that would take forever in terms of reducing corruption.” Kim said: “We talked about cryptocurrencies, but we think distributed ledger has huge potential and we issued the first blockchain bond in August, where we created, allocated, transferred and managed the entire bond through blockchain technology.” Kim further noted that the deployment of blockchain helped the group reduce paperwork and costs, adding that it is “something that can be extremely helpful” in the future. He admitted, however, that the bank has not been keeping up with all the latest developments, particularly in a way that would help their customers take advantage of the “great things that are coming out.” According to Kim, the World Bank’s goal is to develop universal access to financial services by 2020 which, in his opinion, will not happen without deeper engagement with the technology world. As previously reported, the World Bank and the Commonwealth Bank of Australia (CBA) issued a public bond exclusively on a blockchain. The $73.16 million deal entails two-year bonds that reportedly settled Aug. 28 and have been priced to yield a 2.251 percent return. Following the positive results of the blockchain-platform, Arunma Oteh, a treasurer at the World Bank, stated that the bank “will continue to seek ways to leverage emerging technologies to make capital markets more secure and efficient.” Notably, the World Bank President has previously expressed criticism towards digital currencies. Speaking with CNBC in October last year, Kim shared his bullish views about blockchain technology, while noting the risks of blockchain derivatives like Bitcoin. He stated then: "Blockchain technology is something that everyone is excited about, but we have to remember that Bitcoin is one of the very few instances [of blockchain’s use in currency]. And the other times when blockchain was used they were basically Ponzi schemes, so it’s very important that if we go forward with it, we're sure that it’s not going to be used to exploit.” https://cointelegraph.com/news/world-bank-president-distributed-ledger-technology-has-huge-potential
 94 Companies Join IBM and Maersk's Blockchain Supply Chain  World Bank Mandates Commonwealth Bank of Australia to Issue Bond Using Blockchain Tech  WeChat Trials Using Blockchain Tech to Reimburse Employee Expenses  $270 Million: Chinese Firm Backs Overstock Blockchain Subsidiary in Record Investment  Binance Unveils Demo of New Decentralized Cryptocurrency Exchange  China Issues First Tax Authority-Approved Invoice on Blockchain  Satellite TV Giant DISH Network Now Accepts Bitcoin Cash  Please assist SCRY.INFO with Florin Asia Innovation Awards, voting link: https://www.surveymonkey.com/FlorinGPSVote2018
This is the best tl;dr I could make, original reduced by 44%. (I'm a bot)
He World Bank is taking a step into the brave new world of digital finance to sell the first-ever bond to be issued entirely using blockchain technology, the bank announced Friday. More than just funds, the World Bank aims to gain experience using blockchain - a digital public registry of transactions - that could lead to "a golden future" for financial services for developing nations, a bank official told AFP. The technology is most often associated with cryptocurrencies - like bitcoin - which often raise suspicion about their reliability and volatility, as well as their use for criminal purposes. Because there as yet is no central bank-backed digital currency in existence, the two-year blockchain bond will rely on real-world money: Australian dollars. "Since our first bond transaction in 1947, innovation and investor satisfaction have been important hallmarks of our success with leveraging capital markets for development," World Bank Treasurer Arunma Oteh said. The transaction is the brainchild of the World Bank's innovation lab, which has been working on the issue for nearly a year, together with the Commonwealth Bank of Australia. The two-year life of the blockchain bond will provide "Quite a few learning events and opportunities," he said.
Summary Source | FAQ | Feedback | Topkeywords: Bank#1World#2bond#3blockchain#4investor#5 Post found in /worldnews. NOTICE: This thread is for discussing the submission topic. Please do not discuss the concept of the autotldr bot here.
Cryptocurrency Rally Continues as the Lightning Network Makes Bitcoin Viable P2P Payment System
Brave, the privacy-focused web browser launched by a co-founder of Mozilla, plans to roll out a tipping add-on to its cryptocurrency payments platform. Users will now be able to tip other users via twitter and reddit via a Basic Attention Token wallet.
The Head of Research at the Bank for International Settlements (BIS) argues that bitcoins and other cryptocurrencies are “masquerading” as real currencies. In an interview with Bloomerg, Hyun Song Shin suggests that digital cash is merely a “record keeping device” and is worthless: value only increases when others accept. The irony of this commentary is not lost on us here at Quantamize…what exactly is fiat currency again?!
The Commonwealth Bank of Australia is partnering with World Bank to issue a bond on a blockchain platform. The bond, called bond-I, is based on the internal technology research by the Commonwealth Bank of Australia which is experimenting with having investors and banks interacting through nodes on the blockchain to help capital for the bonds to be raised, transacted and paid back more efficiently.
Crypto MKT, a Chiliean cryptocurrency exchange, has announced that it has integrated with 5,000 merchants through a JV with Flow.cl. The platform is called CryptoCompra.com and is available in Chile, Argentina, Brazil and Europe but is only targeting Chileans. It is now possible for Chilean to pay for goods across these regions using Bitcoin, Ethereum or Stellar while merchants will receive their payments in fiat currency.
Dish Network is now accepting subscription payments in Bitcoin Cash. This initiative is alongside Dish’s move to the Bitpay blockchain payment system for Bitcoin.
Gabrotech is developing a blockchain platform that will allow loyalty programs to offer rewards in digital assets. The company is proposing to launch a digital wallet which will aggregate loyalty programs rewards into one place for users. According to Gabrotech, a single household is enrolled in 25 programs on average, but the rate of their utilization remains low, ranging from 10% to 80%.
The lightning network is now making it easier Bitcoin to become the P2P payment system that many early Bitcoin adopters believed. Apps are built on layer-two technology and permits users to send small amounts of money P2P. Unlike other payment systems like PayPal where the fees could eat up a large portion of tiny transaction, the fee on the lightning network is only 10 satoshis or a fraction of $0.01.
Litecoin transactions will soon be available to be sent through Telegram. The new feature, Lite.im, will permit users to send Litecoin via SMS messages on the Telegram platform.
AB Int’l acquired iCrowdU, Blank check Megalith files for USD 150m IPO, Boldface header, Deepbrain airdrops USD 3m, GSR upsizes tZero investment to USD 400m, Petroteq arranges debt for equity swap, World Bank mandates CBA for first blockchain bond, CoinBase poached Amazon’s Tim Wagner and Q2 VC investment report The Blockchain finance newsletter gets readers up to date on the latest funding news and related issues. • Mergers and acquisitions AB International, the Hong Kong, China-based tech focused investment firm, said it acquired blockchain-backed crowdfunding startup iCrowdU. The company raised its stake to a controlling 51% from the original 11%. AB International filed its most recent 10-Q late in the US after sacking senior executives in May. • Filings Megalith Financial Acquisition, the New York City-based blank-check company seeking to buy financial technology companies, said it is raising USD 150m from the initial public offering of 15m shares at USD 10.00 each. The company identified blockchain as one area of management expertise. • Funding Libra, the New York City-based cryptoasset services company, said it raised USD 15m in a Series B led by an unidentified family office in Europe. The company provides back-office services. Audius, the San Francisco, California-based blockchain company focused on the music industry, said it raised USD 5.5m in a Series A led by General Catalyst and Lightspeed. The company sees itself as a rival to SoundCloud. Lambda, the Singapore-based blockchain data storage company, said it is raising up to USD 5m in a token crowdsale. tribeOS, the Hamilton, Bermuda-based blockchain company focused on advertising, said Bitmain invested USD 3m. Bitmain, the Beijing, China-based cryptocurrency mining equipment maker, is likely to soon file for an initial public offering, according to a Fortune report last week. The company raised USD 400m in a pre-IPO financing led by Sequoia Capital, according to a China Money report in June citing local media. Deepbrain Chain, the Singapore-based blockchain company focused on AI research, is airdropping USD 3m, according to a Bitsonline report. Sagewise, the Long Beach, California-based blockchain contractual dispute services firm, said it raised USD 1.25m in a seed round led by Wavemaker Genesis. True Nature, the Atlanta, Georgia-based developing healthcare related software applications, said it filed a shelf for a USD 6m equity financing with GHS Investments. The products the company develops may carry blockchain encryption. Overstock.com, the Salt Lake City, Utah-based online retailer, said its blockchain subsidiary tZERO raised the amount of financing it was receiving from Hong Kong-based GSR Capital to USD 404m. Overstock said in June tZERO was raising USD 160m. Vemanti, the Newport Beach, California-based investment holding company, said it invested an unspecified amount in Chopp, the grocery delivery company operating in Vietnam. Blockchain, AI and machine learning are sectors Vemanti says it focuses on. Petroteq Energy, the Sherman Oaks California-based company developing blockchain technology for use in the oil and gas industry, said it arranged two debt for equity swaps worth about USD 400,000. Late last month, the company said it was raising USD 1.8m from the sale of shares and warrants, and applied to uplist to the Nasdaq. Earlier in July Petroteq said it was raising USD 202,000 from 11 investors. The World Bank, the Washington DC-based multilateral lender, said it mandated Commonwealth Bank of Australia to arrange what it says is the world’s first blockchain-based bond. Initial coin offerings going more towards accredited investors, according to a Bloomberg report. Other deals included Universal Protocol Platform, Genetic Technologies, and OMAAT • Legal & Regulatory South Korea’s recently established Blockchain Enterprise Promotion Association is pushing the government to establish the island of Jeju as a cryptocurrency hub, according to a Cryptovest report. Crypto Currency News’ take is here. The Indian government and Tech Mahindra plan to develop a blockchain district in the city of Hyderabad, according to an Asia Times report. • People Coinbase, the San Francisco, California-based cryptocurrency trading platform, said it hired Amazon’s Tim Wagner as vice-president of engineering unit. Last week it hired Jeff Horowitz as chief compliance officer. Horowitz was head of compliance at Pershing, a unit of custody, clearing and settlement firm BNY Mellon. Also this week, Facebook’s head of blockchain David Marcus resigned from the Coinbase board of directors as the social media giant deepens its engagement with the distributed ledger space, according to a Business Insider report. Coindesk’s take on the story is here. KeyoCoin, the Los Angeles, California-based blockchain company focused on the travel industry, brought Shrei Kaiserman in as a bitcoin advisor as it moves closer to the launch a travel rewards token, according to a BlockTribune report. Kaiserman started an investment and advisory firm, Maco.la, that has focused on the blockchain industry. SharesPost, the San Francisco, California-based trading platform, said it hired Nick Grabowsk as chief technology officer. Grabowski joins from Charles Schwab, where he was a vice-president of application architecture and R&D. He will work on integrating cryptocurrency and blockchain securities into the SharesPost platform, which started as a secondary trading venue for private technology firms. SharePost raised USD 15 million in a Series C in June led by LUN Partners and Kenetic Capital. Sidley Austin, the New York City-based law firm, said it hired Lilya Tessler to head its blockchain and fintech in the securities & derivatives enforcement and regulatory group. She was previously co-head of the blockchain and fintech group at McDermott, Will & Emery. AlphaPoint, the New York City-based blockchain services firm, said it hired Srikant Manda as chief information security officer. He previously led security architecture and engineering teams at Juniper Networks and Fortinet. The hire marks the fourth executive AlphaPoint has brought in since May. Last week it appointed Fisher Cataliotti partner Katya Fisher to the board of directors. The law firm is focused on blockchain, cybersecurity, cryptocurrency and artificial intelligence. AlphaPoint, which is developing corporate auditing software, hired Kristin Boggiano as chief legal officer in July. She was most recently senior regulatory counsel at Guggenheim Asset Management. In June, the company hired former Nasdaq executive Michael Schmidt as chief human resources officer and raised USD 15m in a Series A from Galaxy Digital Ventures. Ether Capital, the Toronto, Canada-based blockchain investment firm, said it’s forming an advisory board with Ethan Buchman, chief technology officer and co-founder at Cosmos Network, and Panashe Mahachi, co-founder of L4 and Scanate. Other hires included Grant Thornton, CENTRI, Blockchain Power Trust, DigitalTown, Hut 8 Mining, Data443 Risk Mitigation, • Data Cryptofinance Conference data shows traditional VCs edging more deeply into blockchain investing, according to a The Next Web report. Trading, financial services and infrastructure accounted for the most venture capital investment in blockchain companies, at roughly 17% each, in the second quarter of this year, according to a report from Outlier Ventures.
Commonwealth Banks' experiment with 88 bales of cotton could change trade forever
This is an automatic summary, original reduced by 70%.
Unloading the goods at the end of their 7,000-mile journey from Houston will mark the final stage of an experiment by Commonwealth Bank of Australia, Wells Fargo and the trading firm Brighann Cotton to prove for the first time that the combination of much-hyped technologies - blockchain and smart contracts - can deliver real-world benefits. While other banks have researched blockchain solutions for trade finance, Commonwealth Bank and Wells Fargo appear to be the only ones to publicly announce a real-world transaction for one of the most cumbersome processes in global finance. "Trade finance is one the most clunky processes in business," Michael Eidel, head of transactions at Commonwealth Bank, said in an interview at the bank's office in Sydney. For future iterations of the technology, Commonwealth Bank is looking at widening the number of participants to include insurance companies as well as opening up to other banks and clients, Eidel said, declining to give any timeframe for rollout. The number of different banks working on blockchain initiatives underscores the challenge for the widespread adoption of any new fintech application: getting players in a highly competitive and secretive industry to agree on common standards in using the same platforms. "Absolutely trade finance is going to move this way," Jonathan Perkinson, who leads Deloitte's payment advisory practice in Sydney and is part of the professional services firm's global blockchain initiative.
Reporte Semanal #2 Septiembre 2015 I Análisis de Mercado de Bitex.la
La ultima semana pudimos observar como el precio del Bitcoin tuvo un claro y mantenido movimiento a la baja, tocando un piso en los 223 USD, el pasado Martes, en el día de la fecha el precio parece estar estabilizándose en el nivel de los 228 USD. Para la próxima semana podemos esperar que el precio vuelva a los niveles de la semana pasada si es que logra romper la barrera de los 230 USD. https://cdn-images-1.medium.com/max/1132/1*GuH7WGZ-TrvZUYmtMASB1w.png El director legal del Grupo de Société Générale ha pedido públicamente el establecimiento de un marco regulatorio para el bitcoin a nivel internacional. En un artículo co-escrito por Dominique Bourrinet, el director legal del banco multinacional frances; y su colega Etienne Mauret, se discuten las consecuencias de la situación jurídica indeterminada del bitcoin. Una versión traducida libremente del artículo dice: “En términos de la legislación francesa, que [bitcoin] no entra en ninguna categoría conocida:. No es ni una moneda de curso legal, ni un medio de pago — ni siquiera una moneda electrónica — en el sentido del Código Monetario y Financiero. Esta incertidumbre no ha impedido al gobierno francés establecer un sistema fiscal ad hoc. la cuestión de la aplicación del IVA queda por decidir “. A pesar de los esfuerzos de las autoridades francesas como “loables”, los autores siguen esbozando la necesidad de un marco regulatorio internacional que supervise rápidamente este “dinero nuevo”. La plataforma basada en bitcoin, Bitnexo ha sido anunciada como la ganadora conjunta en la final de la competencia latinoamericana del Open Talent BBVA. La start-up, que tiene la intención de facilitar transferencias de dinero internacionales entre Asia y América Latina, recibirá un premio de € 30.000 ($ 33.939), así como la oportunidad de unirse a un programa de redes de dos semanas en México y Londres. La otra empresa ganadora fue Destacame, una startup chilena que ayuda a las personas a tener acceso al crédito.Hugo Nájera, jefe de la banca digital de BBVA Bancomer, comentó sobre el potencial innovador de las nuevas empresas en la región, diciendo: “Las startups latinoamericanas han demostrado algunas propuestas realmente innovadoras dentro del FinTech.” El concurso Open Talent BBVA cuenta con nueve nuevas empresas de cifrado y se divide en tres finales regionales. Bitwage, Coinalytics, SnapCard y Voatz comenzaron a competir ayer en Nueva York junto a los start-ups de los EE.UU. y otras partes del mundo. La final tendrá lugar hoy. La final europea, que se celebrara en Barcelona, donde Everledger, Safello y Vaultoro competirán, está programada para el 21 y 22 de septiembre. el exchange bitcoin chino BTCChina tiene un nuevo nombre: BTCC .La compañía dijo que la decisión era parte de un esfuerzo de cambio de marca dirigida a internacionalizar su imagen. “Bitcoin es global, y como nosotros lanzamos más productos y servicios para servir a la audiencia global, necesitábamos un nombre más global”, dijo el CEO Bobby Lee, de los cambios. “BTCC es ese nombre.” El exchange también comenzará a utilizar un nuevo logotipo y lanzará una nueva versión de su aplicación para móviles — actualmente en desarrollo — como parte del cambio de marca. Nueve grandes bancos de inversión, incluyendo JP Morgan Chase y Goldman Sachs se han asociado con el start-up de libro mayor distribuido R3CEV. La asociación verá esfuerzos de colaboración entre las instituciones que tomaran forma, el trabajo que incluirá el desarrollo de normas para el uso de la tecnología blockchain dentro de la industria financiera en general. El grupo bancario incluye Credit Suisse, State Street, UBS, Commonwealth Bank of Australia, BBVA, Barclays y Royal Bank of Scotland. Muchos en la lista han anunciado previamente esfuerzos independientes para estudiar la tecnología blockchain, y los bancos se dice que están invirtiendo dinero en R3 como parte del esfuerzo. Los bancos y R3 formarán grupos de trabajo como parte del desarrollo de prototipos blockchain y pruebas de concepto. R3 lleva meses trabajando con las instituciones financieras de Wall Street en la tecnología, un proceso que incluía alojamiento de mesas redondas de la industria y ayudar en las investigaciones internas de los bancos. El CEO de R3 David Rutter, dijo de la asociación: “Esta asociación señala una importante apuesta por parte de los bancos para evaluar conjuntamente y aplicar esta tecnología emergente para el sistema financiero global. Nuestros socios bancarios reconocen la promesa de las tecnologías del libro mayor distribuido y su potencial para transformar las plataformas tecnológicas de los mercados financieros, donde las normas deben ser seguras, escalables y adaptables “. Los representantes de los bancos involucrados, dijo que la asociación ayuda a armonizar el desarrollo de la tecnología en un intento por promover el trabajo más completo. “En este momento, se está viendo dinero y tiempo significativo se gasta en la exploración de estas tecnologías de manera fracturada que carece de la estratégica, coordinada visión tan crítica para el éxito a tiempo. El modelo R3 está cambiando el juego”, dijo Kevin Hanley, director del diseño en el Royal Bank of Scotland. La participación de los bancos, de acuerdo con un representante, es un reflejo del creciente interés entre las grandes instituciones financieras en tecnología blockchain. “Estas nuevas tecnologías pueden transformar la forma en que se registran las transacciones financieras, reconciliados y reportadas — todo con la seguridad adicional, las tasas de error más bajas y una reducción significativa de costos”, dijo Hu Liang, vicepresidente senior de State Street y la cabeza de las tecnologías emergentes. Compra Bitcoin en Pesos en nuestra sucursal. Ya puedes comprar Bitcoin al mejor precio de mercado utilizando las nuevas sucursales de Bitex.la en Buenos Aires y Santiago de Chile . Acércate con tu código personal BITEX y tu DNI, Cédula o Pasaporte y en menos de una hora tienes el saldo acreditado en tu cuenta para comprar bitcoin. Encontra nuestras sucursales! Nos pueden encontrar en: https://bitex.la http://facebook.com/bitex.la http://twitter.com/bitexla https://plus.google.com/+bitexla https://instagram.com/bitex.la https://bitexla.tumblr.com Visita Bitex.la ¿Qué es Bitex.la? Bitex.la es un mercado de compra y venta de Bitcoin lider en Latino America. La plataforma permite operar bitcoin de manera profesional contra dolares americanos. Cuenta con una robusta red financiera que permite a los usuarios operar casi desde cualquier país del mundo sin restricciones. ¿Queres aprender sobre bitcoin? Estamos lanzando un nuevo espacio educativo sobre el bitcoin de una manera simple y amistosa. Si tienes dudas o quieres aportar de alguna manera nos podes contactar en cualquier momento. Visitanos!
Commonwealth Bank of Australia Claims Success In Its Global Trade Blockchain Trial Banks around the world are starting to use the blockchain technology to make cross-border transfers. Now it was the time of the Commonwealth Bank of Australia (CBA) to use cross-border shipments with the blockchain technology to track the goods that were being carried via the supply chain. Now, almost all Australian banks have gone back on this restriction. However, the largest bank in Australia, Commonwealth Bank of Australia, only allows such purchases via debit cards, not credit cards. However, no matter what type of cards the customer uses, all banks monitor these transactions for unusual behaviour. ANZ, the third-largest bank in Australia, stated that this practice is ... Commonwealth Bank of Australia Announces Blockchain Workshops November 23, 2015 By Diana Ngo The Commonwealth Bank of Australia (CBA) has partnered with think tank organization the Coalition of Automated Legal Applications (COALA) to run blockchain workshops in Sydney. The World Bank has chosen the Commonwealth Bank of Australia to help organize a new Ethereum blockchain bond denominated in Australian dollars. The bond is projected to raise between $50-$100 million, and proceeds will go towards sustainable development initiatives. While the Reserve Bank of Australia is not banking on Bitcoin, the country continues to showcase its willingness to embrace blockchain technology and all of the benefits that go along with it ...
Is Bitcoin Legal In Australia? (CommBank Freezing Bank ...
Banks! Bitcoin is the technology behind Blockchain. Simon Dixon explains at the Blockchain Summit 2017 in Sydney, Australia. Meet James Wall, Executive General Manager, International, Institutional Banking and Markets at the Commonwealth Bank www.commbank.com.au/bond-i. willkommen zur Bitcoin-Informant Show Nr. 809. Heute sprechen wir über folgende Themen: Bitcoin Banken Revolution in Deutschland, Australien präsentiert Blockchain-Strategie & BERNIE und TRUMP ... BUILD YOUR DREAM BUSINESS IN 8 WEEKS: https://londonreal.tv/biz/ 2021 SUMMIT TICKETS: https://londonreal.tv/summit/ NEW MASTERCLASS EACH WEEK: http://londonr... Heute geht's um folgende Themen: Simbabwe: Reserve Bank schiebt Bitcoin den Riegel vor, Chinesische Miner haben Probleme beim Umzug, Commonwealth Bank CFO startet bei Block.One 1.) Simbabwe ...