Your Crypto News on Steemit October 26, 2017
- Intel is partnering with Hardware Wallet Manufacturer Ledger!
- City of Tokyo announces Blockchain Startup Accelerator!
- Metronome: The Cross-Blockchain Currency!
- Regulation in Russia: ICOs are treated like IPOs!
- NYU's Dean of Valuations says Bitcoin is a Currency!
- BITCOIN COURSE CHALLENGE Week 3!
The well-known Bitcoin hardware wallet manufacturer Ledger recently announced a partnership with tech giant Intel.
The Ledger internal operating system BOLOS is to be integrated into the Intel Software Guard Extensions (SGX) product line, as is shown in a recent press release. The aim was to create new opportunities for the safe storage of digital currencies.
Ledger made a name for itself worldwide with the Ledger Nano-S, which was developed especially for this purpose. The hardware Wallet offers its users the possibility to keep a variety of digital currencies, including Bitcoin, Litecoin, Ether, Ripple and many more, "offline" on one device.
Just recently, the Wallet manufacturer announced a cooperation with the security giant Gemalto. The aim of this partnership is to find a secure solution for the safekeeping of digital currencies for financial institutions.
Eric Larchevêque, Ledger-CEO said:
According to the press release, the wallets with the Intel / Ledger technology are also to support vendors such as Electrum and MyEtherWallet.
Tokyo's government is currently organizing the Blockchain Business Camp Tokyo. The goal is to bring together companies that deal with the topics surrounding the blockchain.
To this end, the government is cooperating with the Japanese think tank Nomura Research Institute. The Blockchain Business Camp Tokyo is the third run of a series of Accelerator programs that are interesting for emerging blockchain applications. As an accelerator, the programs start-ups through coaching help to accelerate growth. The planned program looks specifically for international companies.
The capital of Japan wants to make it attractive for companies from overseas. Therefore, there is currently a call for tenders, which will ultimately invite five companies to Tokyo. The main focus of the call for tenders is on companies developing advanced blockchain applications. Above all in the fields of transactions, security, internet of things, supply chains and sharing economy. The project is intended to create economic incentives and make the island state more attractive for foreign investors and start-ups. Therefore, Japanese is not necessary for the guests, there should be sufficient translators. In addition, the stay for the start-ups is completely organized by the Blockchain Business Camp Tokyo.
The Blockchain Business Camp offers many incentives for guests
The Japanese companies will act as mediators and mentors. You will not only provide the invited company with advice and assistance. Rather, they will also offer them the opportunity to meet investors from Tokyo. Guests have the opportunity to create business plans and expand the company concept together with the hosts. A further incentive, which is offered to the guests, is to be advertised. Thus, advertisements for the companies are to be run over an extended period of time in Shinjuku and Tokyo's railway stations.
This means that Japan is one of the countries that open up against Blockchain, Bitcoin & Co.. In the course of the regulation, licenses were distributed to eleven crypto exchanges only last month. In addition, Japan announced the launch of its own crypto currency, while Fujitsu is building a money transfer program based on blockchain technology.
The US start-up Bloq has announced the launch of a new crypto currency. The new token called Metronome is intended to provide a predictable and autonomous supply of tokens.
The innovation by Metronome is above all the property of working on different blockchains. After its launch in December, according to the plan, it will also run on various payment and transfer applications.
In an interview with Reuters, Matthew Roszak, co-founder of Bloq, said that 10 million Metronome tokens will be distributed in December, 8 million of which are on sale. Ethereum Ethers are provided as the currency for the auction. In this way, the supply is to be maintained, says Roszak.
The start-up itself wants to withhold the remaining 2 million tokens. According to Roszak, however, the company will not claim the sales proceeds. It is to remain within the Metronome SmartContract system and thus guarantee the liquidity of the marketplace.
Roszak also said:
In contrast to the otherwise usual ICOs in the industry, no pre-sale of the token is offered in order to keep the auction in a fair framework.
Stable, Self-Controlled, Autonomous
According to the developers' hopes, daily auctions are to guarantee a steady distribution of coins. Thus, Metronomes should be more stable to Bitcoin & Co. In addition, the toes are avoided in the hands of a few investors.
Above all, Bloq is working with the ability of Metronomes to oscillate from blockchain to blockchain. In contrast to bitcoin, which runs only on the bitcoin blockchain, the new crypto currency is to guarantee more security through its leap. Thus it is possible in case of disagreements in the management or uncertainties in the supply, it is possible to change "simply" to another blockchain.
Finally, it should be another advantage that the crypto currency itself manages. Without interference from outside, Metronomes should oscillate between the blockchains, autonomously controlled, decentralized and without intervention by the developers.
Disclaimer:
The information presented in this post is not a recommendation for purchase or sale. It is only an opinion of me the author. They serve merely to describe the project and are not to be understood as an investment analysis.
Russian President Vladimir Putin has decreed that new laws for crypto-currencies should be created. These should include the registration of miners and to deal with ICOs in the future according to the legal requirements, such as IPOs.
Last weekend the Kremlin published five decrees of President Vladimir Putin. These represent an immediate step for the Russian government to deal with the technology. The mandates are intended to create not only a legal structure for technology in Russia, but also a market for payments within the Eurasian Economic Union. The Union is one of the five countries of Armenia, Kazakhstan, Kyrgyzstan, Russia and Belarus, forming a single market with customs union.
The amendment of the law will also include rules for the application of ICOs. An ICO is a token sale for corporate finance. Also, the government under Prime Minister Dmitry Medvedev is to develop a system in which miners must register and pay taxes on their income.
One of the decrees for the regulation of crypto-currencies ordered the cooperation of the Russian government, the State Duma, with the country's central bank.
The decree states:
The government is also expected to support start-ups developing new financial services through the blockchain technology.
One of the decrees prescribes the establishment of a regulatory sandbox. Such a framework allows companies to test new products under certain conditions. Other countries, such as the United Kingdom, have also created financial-oriented sandboxes for companies in the blockchain industry.
Current developments in Russia show that there is a need for regulation in the Blockchain & Co. area. This is in contrast to recent statements by the Russian state banker Riccardo Orcel on CNBC. He stated that there is not much interest in Bitcoin in Russia and expressed skepticism: "The speculative factor in crypto currencies is extremely high. I think that is dangerous. Until the government has decided how this area is regulated, it is very, very dangerous for investors to invest in crypto currencies. "
Aswath Damodaran, a professor of finance at New York University (NYU), stated in a blog post that he considers Bitcoin to be a currency and not an asset.
The Wall Street expert with the nickname "Dean of Valuation" wrote in his post:
The Wall Street expert, nicknamed "Dean of Valuation," wrote in his post: "I do not believe crypto currencies fall now or ever into the asset category." Furthermore, he considers it unlikely that Bitcoin "Will change the fundamental truths of risk, investment and management".
He continued:
All investments can be divided into four groups (assets, raw materials, currencies and collectors' items). Bitcoin does not fall into the category of assets because it generates "no cash flows", nor does it consist of materials that would be classified as raw materials.
"A choice must then be made between the currency and the collector's item," he explained.
Furthermore, Damodaran does not agree with the statements of Jamie Dimon. The JPMorgan Chase CEO had referred to Bitcoin as a "fraud" in the past.
Already in July the professor cited the reason for the increasing popularity of the crypto currency. In his opinion, it offers an alternative to gold for people who don't trust traditional FIAT currencies.
Don't miss your CHANCE to WIN 20 Whaleshares or a 20% upvote from @officialfuzzy in the 🏆BITCOIN COURSE CHALLENGE Week 3🏆
How and where to participate, just click HERE!!!
☘ Best of luck to all of you ☘
I wish you all a lovely Thursday!
ⓁⓄⓥⒺ & ⓁⒾⒼⒽⓉ
Best regards
@danyelk
.gif)
It seems that all governments want to control Bitcoin by adding more sophisticated regulations .
Upvoted
This post has received a 12.00 % upvote from @booster thanks to: @danyelk.
This post has received a 7.31 % upvote from @buildawhale thanks to: @danyelk. Send at least 0.50 SBD to @buildawhale with a post link in the memo field for a portion of the next vote.
To support our daily curation initiative, please vote on my owner, @themarkymark, as a Steem Witness
This post has been ranked within the top 80 most undervalued posts in the second half of Oct 26. We estimate that this post is undervalued by $12.41 as compared to a scenario in which every voter had an equal say.
See the full rankings and details in The Daily Tribune: Oct 26 - Part II. You can also read about some of our methodology, data analysis and technical details in our initial post.
If you are the author and would prefer not to receive these comments, simply reply "Stop" to this comment.
If ya'll want a strong investment plan visit https://bitpetite.com/?aff=kipparinga (bitpetite) Its a bittumbler that privatizes btc transactions using other currencies. You as an investor get paid dividends from fees they charge people to use their service.
You can invest your BTC, ETH, LTC and or XMR into bitpetite for either;
6 weeks - 4.5% daily and 1 % on weekends. Total return - 147% (47%, 100% being your original investment)
9 weeks - 3.6% daily 1% on weekends. Total return - 180% (80%, 100% being your original investment)
They recently updated their server to allow almost instantaneous withdrawals - you get paid hourly through dividends and can withdraw on demand. (within the minimum amount which is less than 5 dollars)
I would deem it low - medium risk as of now -
Good luck and happy investing :)