Pundit Explains Cryptos and Precious Metals Can Co-Exist

In a recently released paper, Ron Paul, libertarian and Austrian economist, discusses the world’s issues with central economic planning.

The report is said to contain vast details on how precious metals and cryptocurrencies can co-exist in order to prevent current market monopolies from “Rigging the Economy”.

For those who are not aware, Ron Paul is a popular libertarian that ran for the presidency a couple of times but presented platforms that ran contrary to popular opinion.

However his unique teachings have inspired a number of people to embrace free-market economics.

He also states that the free people in the marketplace make the choice to make use of cryptocurrencies and not be dedicated by government and central banks.

He believes that the marketplace is quite capable of sorting out advantages and disadvantages of cryptocurrencies and precious metals.

Its only greatest challenge however is getting the central government to stay away.

Philippines Licensing 25 Exchanges

An administrator of a government-owned economic zone in the Philippines is currently drafting regulations for cryptocurrencies and planning to limit the number of licenses to be issued to 25.

Aside from this limit those who are given a license is required to invest at least $1 million within 2 years.

It was then revealed that the government has received 60 applications so far.

Raul Lambino, Cagayan Special Economic Zone and Freeport (CEZA) CEO and Administrator reveals that they are in the process of crafting regulations that will protect those who are investing in cryptocurrency and all those who wants to conduct business within its jurisdiction will have to pass stringent checks and companies of good integrity.

They will also be registered with CEZA.

Union Square Ventures Sees Trillion Dollar Winning Blockchain

A New York-based venture capital firm that manages $1 Billion in assets, Union Square Venture, is investing in blockchain and cryptocurrency industry which is seen to potentially reach trillion dollars in the future.

The venture capital firm had already invested in San Francisco-based cryptocurrency exchange Coinbase.

A managing partner at Union Square Ventures, Albert Wenger states that his firm is already investing in the industry’s “foundational plumbing” and believes that it is not entirely absurd to think by investing in the correct blockchain projects and become rich at one strike.

He also believes that diversification is key to success in this space and does not believe on Bitcoin maximalism, where one put all his investments in one digital asset such as Bitcoin.

He cautions that although there a many projects that is worth checking out there is a lot of more junk that is floating around that will eventually be filtered out.

In addition he also mentioned that no one should invest all their life savings into cryptocurrencies.

NBA Team Now Mining Cryptocurrencies

The Sacramento Kings, An American basketball team in the US was praised by an American magazine publication as one of the most innovative companies in sports.

Although we don’t exactly know why the team was accorded with such distinction it is noteworthy to know that the Sacramento Kings was the first NBA team to accept Bitcoin as a form of payment for its goods store and ticket purchases as far back as 2014.

Vivek Ranadive reveals that his team is a fan of Ethereum, so much that they have installed solar panels on top of the roof of Golden 1 center the home arena of the team.

The solar system is said to be capable of generating up to 1.2 megawatts.

He also added that a portion of the profits collected from mining would go directly to a charity program that supports black communities.

F1 Champion Moves All Digital Library to Blockchain

Driving superstar Fernando Alonso, Formula One world champion and Les Mans 24 winner is said to be one of the first sports celebrity that will move their entire digital library to a blockchain-powered platform.

Using KODAKOne Platform, Alonso seeks to protect his professional and personal images as well as his videos.

Wenn digital, the owner of KODAKOne Platform with licensing agreement with Kodak partnered with Alonzo to provide opportunity for the latter’s fans to access the platform.

This will enable them to not only upload, register and protect their own photos and videos of their favourite F1 driver but also get rewarded in some instances.

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