Category Archives: Blockchain

Auto Added by WPeMatico

US Law Firm Installs Division for Blockchain Practice

US Law Firm Installs Division for Blockchain Practice

A US-based business law firm Greenspoon Marder has opened up a blockchain practice division in Miami with the sole aim of providing an advisory role to blockchain related businesses, according to a press release.

In order to fit into the scope of an emerging digital tech marketplace, and a rise in the demand of legal practitioners, Greenspoon Marder launched its Blockchain, Digital Assets and Technology Transactions practice group situated in its Miami office and to be headed by its newest partner Katya Fisher.

Speaking about the new development, co-managing director of Greenspoon Marder, Gerry Greenspoon said:

“Blockchain technology has the potential to revolutionize the way the world does business. Our firm is committed to remaining forward-facing in the evolving areas of law, including blockchain, so we can continue to meet the ever-changing business landscape affecting our clients.”

Greenspoon Marder hopes to gain an advantage by leveraging its multidisciplinary and extensive experience to port into the blockchain legal market. The new division will allow the firm to manage their prospective clients who want to onboard blockchain technology into their business processes by offering its services in related subject matters such as corporate securities, business, government relations, labor and employment, regulatory compliance and taxation.

The firm also claims to have renowned expertise in real estate, entertainment, litigation, and cannabis and would use this to help their clients navigate the opportunities the blockchain ecosystem provides.

Fisher, who will be managing the firm’s new division, has professional and community experience that spans a couple of organizations including IBM blockchain accelerator. She has apparently secured her firm’s confidence as the other co-managing director of the firm Michael Marder attests: “Katya’s vast understanding of the complex legal challenges that face companies implementing blockchain technology made her the perfect fit for the launch of the practice.”

Recent reports revealed the high rise of demand in legal practitioners with expertise in blockchain technology and its underlying emerging asset class, with a majority of practitioners having to saturate the cryptocurrency field exclusively from a regulatory practice angle.

Earlier this month, the US Securities and Exchange Commission (SEC) was reportedly seeking out an Attorney-Adviser for its Division of Trading and Markets (TM) to provide expertise and coordination related to crypto and digital asset securities at the division.

 

Follow BitcoinNews.com on Twitter: @BitcoinNewsCom

Telegram Alerts from BitcoinNews.com: https://t.me/bconews

Want to advertise or get published on BitcoinNews.com? – View our Media Kit PDF here.

Image Courtesy: Pixabay

The post US Law Firm Installs Division for Blockchain Practice appeared first on BitcoinNews.com.

Serena Williams Invests in Coinbase

Serena Williams Invests in Coinbase

American tennis superstar Serena Williams has just announced an investment into cryptocurrency exchange giant Coinbase, further cementing the reputation of blockchain and crypto-related businesses among savvy investors.

Posting to her tens of thousands of followers on Instagram, Williams shared that her investment company, Serena Ventures, had already invested in at least 21 companies, based on their respective logos in a slideshow. The Coinbase logo was nestled among the “few brands” in the firm’s portfolio:

While celebrity affiliation with cryptocurrency is not new, with even more popular global sports figures such as Lionel Messi and Cristiano Ronaldo already affiliating themselves with branded cryptocurrency, this announcement comes with a slightly more significant flavor. While others were simply promoting a particular crypto-themed product, Serena Ventures has actually invested in startups and companies that “embrace diverse leadership, individual empowerment, creativity and opportunity”. Clearly, the Coinbase selection goes far beyond cryptocurrency and blockchain, and proves that it can show its mettle alongside more easily understood industries.

Launched in 2014, the fund has now invested in 30 startups. The official website shows that invested firms now have a combined market cap of over USD 12 billion. The exact amount invested in Coinbase was not revealed. Williams, who has won four Olympic gold medals, has so far received over 27,000 likes on Instagram for the post after only five days.

 

Follow BitcoinNews.com on Twitter: @bitcoinnewscom

Telegram Alerts from BitcoinNews.com: https://t.me/bconews

Want to advertise or get published on BitcoinNews.com? – View our Media Kit PDF here.

Image Courtesy: Pixabay

The post Serena Williams Invests in Coinbase appeared first on BitcoinNews.com.

Afghans Look to Sovereign Crypto Bond to Raise $5.8 Billion for Economy

Afghanistan is planning to jumpstart its ailing economy with a blockchain-based sovereign crypto bond. The announcement to attempt a cryptocurrency solution to three decades of economic turmoil came at a meeting of the Boards of Governors of the World Bank Group and the International Monetary Fund (IMF) in Washington recently.

According to the Central Bank of Afghanistan’s governor Khalil Sediq, the target figure is USD 5.8 billion in order to support the country’s critical mining, energy, and agriculture sectors, and with 25% of the country’s population currently unemployed and living under the poverty, critical measures are being assessed.

Afghanistan, as the of the world’s largest suppliers of lithium, could utilize Bitcoin with metals futures in bond form, according to the Afghan delegation, although IMF president Christine Lagarde believes such a bond will need thorough testing before it can be sold on markets.

Bitcoin has gained popularity in Afghanistan and its thought that cryptocurrency could find real leverage in the county if local money-sellers, called sarafis, were to start trading in digital currency. Afghans are generally untrusting of financial institutions and turn to sarafis, who deal with numerous fiat currencies across Afghanistan.

It appears that Afghanistan is not the only nation, considering some kind of a sovereign Bitcoin bond, as both Tunisia and Uzbekistan, both also represented by delegates at the Spring IMF and World bank forum, have also expressed interest in similar solutions.

Uzbek Ambassador to the United States Javlon Vakhabov sees an Uzbek bitcoin bond being linked to the country’s cotton futures market, much along the lines of Afghanistan’s plan for lithium futures. Uzbekistan has recently legalized crypto trading in the country and has announced some initial regulations for both trading and mining. The new decree, “On measures to organize the activities of crypto-exchanges in Uzbekistan”, states any company providing for the purchasing of or sale of crypto assets on a platform will be recognized as a legal exchange.

 

Follow BitcoinNews.com on Twitter: @bitcoinnewscom

Telegram Alerts from BitcoinNews.com: https://t.me/bconews

Want to advertise or get published on BitcoinNews.com? – View our Media Kit PDF here.

Image Courtesy: Pixabay

The post Afghans Look to Sovereign Crypto Bond to Raise $5.8 Billion for Economy appeared first on BitcoinNews.com.

Will It, Wont It? Where Bitcoin Goes Now: The Next Hot Debate

Will It, Wont It_ Where Bitcoin Goes Now_ The Next Hot Debate

It is always interesting to get two entirely different opinions on a topic which divides even the best of friends, especially when they are not about Brexit, and here are two presented by UBS and Adamant Capital over Easter.

Bitcoin Bear or Bull, what’s it to be? Recovery appears to be on the way, but Kevin Dennean, technical analyst at Swiss multinational investment bank and financial services company UBS thinks it won’t fly.

Dennean doesn’t agree with analysts who see Bitcoin’s recent upward movement past USD 5,000 as an illustration of something bigger just around the corner, citing Dow Jones in the Great Depression, the Nikkei in 1989, the Dotcom Boom and Bust, oil in 2008, and China’s recent stock market crash. He argues: “We’re struck by how long it took other asset bubbles to recover their peak levels,” with a reminder that it took the Dow Jones 22 years to come back after the depression years.

“Maybe crypto bull contingents should consider what happens after the bubble, not every bubble that bursts, recovers the old highs,” Dennean, offers with a somewhat sobering reminder of things past.

Not so Adamant Capital’s latest report, simply warning that investors just need to hold their cool and live with a Bitcoin market between a short term range of USD 3,000 and USD 6,500 and then there should be another bull run ahead.

The current sentiment has recovered from capitulation and the blockchain shows us that Bitcoin HODLers are committing for the long-term again. This is confirmed by our drawdown and volatility analyses,” the report states.

When the report states that “the long term risk-reward ratio for Bitcoin is currently the most favorable of any liquid investment in the world”, hodlers might be looking at holding on just a little bit longer, although a USD 20,000 would be a lot to ask for. Whilst lower prices may still be a reality, although undervalued according to Adamant, the report brings good cheer for adopters. The report concludes:

“Supported by over 10 years of infrastructure development, we believe the stage is set for mass market adoption in the coming five years. In our assessment, during this phase (its “Windows moment”) Bitcoin will become widely recognized as a portfolio hedging instrument and reserve asset, and will begin making significant inroads as a payment network.”

 

Follow BitcoinNews.com on Twitter: @bitcoinnewscom

Telegram Alerts from BitcoinNews.com: https://t.me/bconews

Want to advertise or get published on BitcoinNews.com? – View our Media Kit PDF here.

Image Courtesy: Unsplash

The post Will It, Wont It? Where Bitcoin Goes Now: The Next Hot Debate appeared first on BitcoinNews.com.

The Balance Is Shifting, but Only 20% of Those in Tech-Related Fields Are Female

New York Blockchain Week is back on 10-17 May, although it doesn’t seem like almost a year since the Lambos cruised down Manhattan’s Fifth Avenue, yet again the lack of female reps from the Blockchain industry highlights the fintech’s gender imbalance.

The second of such events hosted by CoinDesk and the New York City Economic Development Corporation is expecting industry stakeholder’s from over 100 countries to meet and collaborate in what has now become the de facto annual industry summit.

Industry big names such as Caitlin Long and Donna Redel will be speaking at the annual celebration of blockchain, but it would be nice to see other women pushing blockchain forward in attendance. Women at the top have long viewed diversity as the blockchain industry’s fundamental, but this doesn’t always stretch to big events such as these.

IBM’s blockchain sisters Bridget van Kralingen, Marie Wieck and Ginni Rometty showed what they could achieve in 2018.  Amber Baldet, once of JPMorgan, left Wall Street to develop her own software by founding Clovyr and get startups on the road to using blockchain technology more effectively. These are all voices the industry needs to tap into at the big events.

In 2018, Blockchain Women Ireland (BWI) was founded in the Irish Republic to further advance awareness of the blockchain sector in the country in an attempt to address the current figures which illustrate that still, only 20% of those in tech-related fields are female.

New York Blockchain Week speaker Caitlin Long is another who followed the Wall Street Exodus to blockchain, co-founding the Wyoming Blockchain Coalition which has been responsible for pushing innovative blockchain legislation forward in the state. She explains:

“The developments in Wyoming over the past year have been so positive for both the industry and Wyoming. We are paving the way for how to provide clarity to blockchain developers about what’s legal and what’s not.”

Speaker Donna Rede; professor at Fordham Law and leading advocate for the financial literacy of women runs courses in crypto and blockchain, is another leading from the top. The once chair at COMEX and one-time Managing Director and Board member at the World Economic Forum says her focus is now on educating future leaders in blockchain technology.

A recent UK government report revealed that salary imbalance between the genders when it comes to business is still slow to change. Although one in three entrepreneurs are women in the UK — a hugely improved figure — many of the companies run by women are also half the size of those with male directorship. The report goes on to indicate that accelerating female recruitment into the business over the next year could add an extra USD 25 billion to the UK economy alone.

Follow BitcoinNews.com on Twitter: @BitcoinNewsCom

Telegram Alerts from BitcoinNews.com: https://t.me/bconews

Want to advertise or get published on BitcoinNews.com? – View our Media Kit PDF here.

Image Courtesy: Pixabay

The post The Balance Is Shifting, but Only 20% of Those in Tech-Related Fields Are Female appeared first on BitcoinNews.com.

Breaking Down the Latest Ethereum Developments

Breaking Down the Latest Ethereum Developments

Ethereum’s core development team is constantly working to improve and make changes to the native blockchain on which the #2 cryptocurrency is built. This can be observed via the on-chain data available, including the popularity of the native smart contracts.

However, as the bulk of the cryptocurrency market enjoys a period of bullish growth, Ethereum is struggling to entice miners to the network due to break-even prices.

What the on-chain dates can tell us

  • Like Bitcoin, active Ethereum addresses (those engaged in transactions within the last 24 hours) have experienced an upturn after 9 months or so of steady decline; this change has coincided with the rise of both cryptocurrencies’ prices.
  • Decentralized finance, or DeFi, has proved to be the second biggest use case so far for Ethereum, private fundraising being the first. Growth in the area of DeFi has been at a lull for the last month or so after demonstrating impressive growth rates since September last year, potentially showing it has reached a temporary structural ceiling.
  • The aggregate number of smart contract interactions have been on the rise since February, coming close to the all-time highest levels, seen in April 2018. Because the number of new ICOs have been at such low levels for over a year now, it can be assumed that the rising smart contract use demonstrates a strengthening of trust in their utility. Stability in Gas cost also implies the network is moving closer to network capacity.

The Ethereum hash rate negative trend

Like Bitcoin, Ethereum is a Proof-of-Work cryptocurrency, but unlike Bitcoin, Ethereum’s hash rate has failed to pick up since the favorable market turn. Current market prices have meant Ethereum mining is still unprofitable for many, showing the network has failed to meet equilibrium yet. Compared to Bitcoin, the inflation rate of Ethereum remains high.

The fact that Ethereum will be moving to a Proof-of-Stake system in the near future may also be influencing the lack of miners on the network, although the date of this implementation has already been pushed back once this year.

Ethereum price fluctuations

While Ethereum may not be as bullish right now as Bitcoin or many of the altcoins it has pulled up with it, in the last few days ETH has shown a strong rebound hitting USD 174 before settling around USD 166. Against the USD, Etherum surpassed key levels at USD 169/ USD 179, showing indicators that a climb past USD 180 is viable.

Ethereum is currently +1.25%, trading at USD 173.22; at its peak price in January 2018, Ethereum was trading at USD 1345.07. In December last year, it fell as low as USD 84.00 – a level not experienced since May 2017.

 

Follow BitcoinNews.com on Twitter: @BitcoinNewsCom

Telegram Alerts from BitcoinNews.com: https://t.me/bconews

Want to advertise or get published on BitcoinNews.com? – View our Media Kit PDF here.

Image Courtesy: Pixabay

The post Breaking Down the Latest Ethereum Developments appeared first on BitcoinNews.com.

All Assets Will Be Traded on Decentralized Exchanges

In an interview with Bloomberg, executive chairman of Blockchain Research Institute Donald Tapscott shared his opinion about the future of cryptocurrency, decentralized exchanges and the fate of traditional assets.

Tapscott has suggested that in the near future, the intrinsic qualities of decentralized exchanges will make them compatible with traditional assets, he said:

“All assets, not just currencies, but traditional securities will be traded on decentralized exchanges.”

His reason for the assertion comes from the fact these exchanges offer the requisite transparency for tracking bad players in the financial market, and as a matter of fact, this core characteristic will enable decentralized exchanges to dominate over the centralized exchanges in the future.

Tapscott seems to think decentralized exchanges in China are feasible despite the lack of government oversight as an intrinsic quality of these exchanges. However, since China banned cryptocurrency trading, and according to him, “the government of [China] is quite serious about hurting crypto,” his understanding of the situation is that of a “weird dichotomy” as the nation sees blockchain playing an important role in the future economy, nonetheless has made an enemy of the underlying digital asset class.

However, the banning of exchanges and the current action against mining operations can only hurt any foreseeable future with blockchain. Tapscott finds it unnecessary and while Bitcoin seems to be championing the crypto space at the moment, he argues that:

“In 20 years we are not going to be using Bitcoin in China. The Chinese people will use the RMB, only the RMB will become a cryptocurrency, the Central Bank of China will turn it into a digital currency.”

On the subject of security, Tapscott argues that few things can be solved by technology alone, and while crypto space may be prone to bad actors, sometimes the problem isn’t with the technology but rather bad governance which is structured in a centralized manner. He opines:

“Blockchain is much harder to hack than the traditional systems, our banks, our governments and [financial] institutions.”

 

Follow BitcoinNews.com on Twitter: @BitcoinNewsCom

Telegram Alerts from BitcoinNews.com: https://t.me/bconews

Want to advertise or get published on BitcoinNews.com? – View our Media Kit PDF here.

Image Courtesy: Pixabay

The post All Assets Will Be Traded on Decentralized Exchanges appeared first on BitcoinNews.com.

Female Blockchain Pioneers Are Taking Center Stage at Conferences Globally

Female Blockchain Pioneers are Taking Center Stage at Conferences Globally

Despite the gender gap in technology gradually becoming more balanced, a recent report has shown that females account for just 20% of employees in tech-related fields. Whilst this disparity may be discouraging, blockchain conferences internationally have played a crucial role in giving female tech pioneers a platform to showcase their success.

Here are some of the leading women from the blockchain industry who have contributed significantly to the progression of the industry, and participating in upcoming conferences as headline speakers.

Elizbeth Stark: Co-Founder and CEO of Lightning Labs

Elizabeth Stark is arguably one of the most influential female leaders in blockchain. Her company Lightning Labs is behind the major developments of the Layer 2 solution for Bitcoin, the Lightning Network, looking to build a payment channel that is both quicker and cheaper. Many people see the Lightning Network as the missing link that can help promote Bitcoin for everyday payments such as a morning cup of coffee.

Stark received her Juris Doctor degree from Harvard and has taught classes at top US universities, Stanford and Yale.

She is high demand speaker at blockchain events. In the next month, Stark will be at the Global Conference 2019 at the Milken Institute 28 April – 1 May, and Magical Crypto Conference 11-12 May 2019 in New York.

Donna Redel: Professor lecturing in blockchain and cryptocurrency

Donna Redel has a background in financial governance and performance, previously holding tenure as COMEX Chairman as well as Managing Director and Board Member at the World Economic Forum. Now, she is focusing her attention primarily on educating future leaders and promoting the financial literacy of women. Additionally, Redel is an angel investor and philanthropist.

Redel teaches courses on blockchain and cryptocurrency as a professor at Fordham Law. She is booked to give a keynote speech on industry leadership at the Ethereal Summit 2019 in New York on 10-11 May.

MEP Eva Kaili: Leading progressive blockchain legislation in Europe

Eva Kaili is a Member of the European Parliament from Greece. She has made a name for herself as one of the most progressive voices within the parliament regarding blockchain and cryptocurrency regulation in the EU, producing a Blockchain Resolution last year after becoming concerned with potential resistance to blockchain from ”the systems that failed us.” She is also responsible for bringing an initial coin offering resolution to parliament.

Within the European Parliament, she is a member of the Progressive Alliance of Socialists & Democrats, as well as chairing the Future of Science & Technology board.

Kaili is a headline speaker at the Future Blockchain Summit in Dubai 31 March-1 April 2020.

 

Follow BitcoinNews.com on Twitter: @BitcoinNewsCom

Telegram Alerts from BitcoinNews.com: https://t.me/bconews

Want to advertise or get published on BitcoinNews.com? – View our Media Kit PDF here.

Image Courtesy: Pixabay

The post Female Blockchain Pioneers Are Taking Center Stage at Conferences Globally appeared first on BitcoinNews.com.

CFTC Commissioner Says Sheer Pace of Fintech Has Stalled Bakkt Type Approvals

CFTC Commissioner Says Sheer Pace of Fintech Has Stalled Bakkt Type Approvals

CFTC Commissioner Christopher Giancarlo believes that the current period of innovation makes it challenging to approve proposals like Bakkt.

The U.S. Commodity Futures Trading Commission (CFTC) is an independent agency of the US government created in 1974, that regulates futures and options markets.

Bakkt had promised prospective clients it would request permission from the CFTC to provide the first Bitcoin futures that would be physically deliverable daily, as well as storing clients Bitcoin in a physical warehouse on their behalf. The CFTC suggested that Bakkt registers as a trust company to circumnavigate stalling compliancy issues.

With the news that the Intercontinental Exchange (ICE), the owners of the New York Stock Exchange, is now attempting to facilitate the launch of its delayed Bakkt platform by obtaining a New York cryptocurrency license, the complications that new crypto projects face are a sign of the times according to Giancarlo, who clarified the difficulties:

“The first is that we live in a period of exponential technological change. That is, the sheer speed of innovation has increased exponentially, both in terms of production of new models and products and their subsequent public adoption.”

Giancarlo makes it clear that the pace of change within the industry means that regulators simply can’t catch up with new innovations without what he calls “heightened technological literacy across leaders in business and government.”

However, he points out that cryptocurrency innovation could have saved the 2008 global financial crisis, commenting, “Today I want to take stock of the current state of blockchain technology and renew a focus on how it can impact – and improve – our markets,” adding:

“But imagine what a difference it would have made a decade ago on the eve of the financial crisis if regulators had access to the real-time trading ledgers of large Wall Street banks, rather than trying to assemble piecemeal data to recreate complex, individual trading portfolios.”

 

Follow BitcoinNews.com on Twitter: @BitcoinNewsCom

Telegram Alerts from BitcoinNews.com: https://t.me/bconews

Want to advertise or get published on BitcoinNews.com? – View our Media Kit PDF here.

Image Courtesy: Unsplash

The post CFTC Commissioner Says Sheer Pace of Fintech Has Stalled Bakkt Type Approvals appeared first on BitcoinNews.com.

Coinbase Adds Latin America and Southeast Asia to Its Expanding Client Base

Coinbase Adds Latin America and Southeast Asia to Its Expanding Client Base

US cryptocurrency exchange giant Coinbase is to add 11 new markets in Latin America and Southeast Asia as part of its current global expansion programme.

This is hot on the trail of its expansion in the UK market seeing revenue growth of 20% to USD 173 million, and the recent announcement of its new Coinbase card. In 2018, the exchange recorded USD 520 million in revenue according to Reuter’s latest figures.

The Visa card, linked with the Coinbase Card app for iOS and Android, is only available to UK account holders, although there are plans to add support for other European countries in the future. The card will allow worldwide purchases where crypto payments are available online or in store.

Latin America has been in Coinbase’s sights for some time, so the access to trading services in Argentina, Mexico, Peru, Colombia, and Chile won’t come as a huge surprise to those in the region, given the company’s desire to spread its services to all corners of the globe.

Southeast Asia has a booming cryptocurrency market with Japan and South Korea leading the way, so a move towards capturing a piece of the market in the region is a sound move with India, Hong Kong, South Korea, Indonesia, the Philippines, and New Zealand customers now having access to Coinbase services.

With 53 countries now using Coinbase services including the recently added Andorra, Gibraltar, Guernsey, Isle of Man, Lithuania, and Iceland, the San Francisco-based company has thrown down the gauntlet to other major exchanges in its bid to become the globally dominant cryptocurrency exchange.

Follow BitcoinNews.com on Twitter: @BitcoinNewsCom

Telegram Alerts from BitcoinNews.com: https://t.me/bconews

Want to advertise or get published on BitcoinNews.com? – View our Media Kit PDF here.

Image Courtesy: Pixabay

The post Coinbase Adds Latin America and Southeast Asia to Its Expanding Client Base appeared first on BitcoinNews.com.