Co-Founder Of Ethereum Calling On South Korea To Deregulate Crypto And Embrace Crypto

Vitalik Buterin, the charismatic and highly influential founder of Ethereum blockchain together with a bipartisan group of lawmakers urged South Korean government to deregulate the blockchain industry which they believe is too restrictive and stifle innovation.

According to Buterin while speaking at a meeting of the South Korean Parliament, blockchain is a technology that can be run without cryptocurrencies, but there is no crypto without blockchain.

However he also states that public blockchains rely heavily on cryptography therefore cryptocurrencies are absolutely a necessity.

He was reacting to the stance of the South Korean government which has repeatedly promoted blockchain technology while undermining cryptocurrencies and banning ICOs.

Buterin also mentioned that the market slump is good for the industry as it purged out the weak projects and identified projects that are good for the long haul, he also adds that ICOs have improved dramatically and will continue to improve in the future.

G20 Will Discuss Cryptocurrency Regulations In June This Year

It has been reported that G20 members will be conducting a meeting in June to discuss international cryptocurrency Anti-Money laundering (AML) regulation on June 8-9 in Fukuowa, Japan.

The said meeting will be attended by G20 cental bank governors and finance ministers which will focus on establishing a framework to fight money laundering and terrorism financing in the Crypto landscape.

The report reveals that the countries are expected to reach an agreement over new regulations during this meeting which has been reportedly aimed for anti-anonymity and calling for stricter identification of individuals transacting in crypto at the moment of transaction.

The said move is to improve transparency of the transactions and asset flow.

While many cryptocurrency proponents are opposing regulations in the space there are those who welcome this recent development as regulations is essentially a stamp of approval from authorities that cryptocurrencies is a legitimate and legal currency.

Italy Sees Blockchain And Crypto Reinforcing Tourism In Its Country

According to a news report online, Italy wants to promote and use innovative technologies such as the blockchain to lift the efficiencies of several industries including tourism.

In doing so a multi-sector meeting was organized with the main aim of helping them understand these new technologies and how it will reinforce and help them in their own industries.

The meeting is called the Value of the Starts: Smart communities, blockchain and AI for the revolution of trust in tourism and culture which will be held on April 8 and will be held in Matera, the European Capital of Culture 2019.
It was also revealed that the meeting will not delve solely on blockchain technology as it plans to touch upon community, AI and Machine Learning.

The tourism sector of Italy is touted as one of the largest in the world and since it usually involves participants coming from different global origins the application in blockchain in the form of cryptocurrencies is a natural fit since crypto has no sovereign state controlling it.

Bitcoin Futures Volume In CME Group Hits New Record

According to a recent news report the CME group, one of the leading derivatives market in the United States has reported a record trading volume on April 4 for its Bitcoin Futures following what it seems to be a new found enthusiasm in the crypto space.

It was revealed that the futures market is heating up with both long and short positions piling up.

Bitcoin futures markets enables traders to speculate in the future prices of bitcoin, traders who thinks the price of bitcoin is overpriced can short the digital asset and predict a lower price for it in the future
Value and cash out when this prediction is realized

On the other hand those who sees the digital asset undervalued can take up long position which means they are expecting the digital asset to increase in value in the future and cash out when they hit their price targets.

Like any other investment this type of investment vehicle has risk as well as their investment can be liquidated if the prices of the digital asset goes opposite of their prediction.

Tron Post Impressive Growth Less than A Year Migrating To Its Own Mainnet

The latest weekly Dapp report of Tron has revealed that there are now around 2.3 million TRON accounts that have been created in the network.

It also reports that there are now around 256 different dApps that have been launched running on its network.

Much of the Dapps released on the TRON network are high risk related dApps which is around 86 dApps, 54 of dApps are gaming-related, 14 exchanges and 14 others categories so far.

According to tron there are around 70,000 active daily users on the network with an average of 750,000 daily TRX transactions.

The report comes after Justin Sun revealed the Sun network which he describes as a second layer solution that will enable the TRON network to process 100x transactions.

When released the TRON founder estimates that it will be able to scale TRON’s network from millions of transactions to hundreds of millions after launch.

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