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The Blockchain Association Wants to Lobby Washington Over Clearer Regulations

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A few well-known industry companies have come together to form the Blockchain Association, a group focused on educating Washington on the crypto industry in order to expedite the development of regulations. While some may feel that regulating a decentralized industry kind of defeats the purpose, it is an important part of paving the way for mass adoption. However, the industry is growing at a rapid and phenomenal pace while clear regulations seem to be taking quite a while to catch up. Law.com recently reported that some cryptocurrency companies are pushing for speedier resolutions and have formed the Blockchain Association (BA) lobbying group in a bid to do this. These aren’t some new startups, though. Its president is the chief legal officer of Coinbase, Mike Lempres, and the group represents a range of companies including Circle and Protocol Labs. There are eight members in the group, which also includes Kristin Smith, a former senator’s aid and Overstock blockchain lob...
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Steve Wozniak Trusts Math and Bitcoin Over Humans and Fiat, Backs Blockchain Startup

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Apple co-founder Steve Wozniak, a computer engineer and inventor, is explaining why he trusts Bitcoin and its underlying technology over our current financial system. “Bitcoin caught my attention. It had so many unusual aspects for any technology I had ever heard of. Nobody is really known to be the creator. It doesn’t have any centralized [component]. It’s based on mathematics. There’s a certain number of Bitcoin that can ever exist… Mathematics to me is like nature. It’s much better than human beings… I trust those things of nature more than what man makes up. Man makes up currencies, controls them, and issues new US dollars every year. Bitcoin was immune to that.” https://dailyhodl.com/2018/08/20/steve-wozniak-trusts-math-and-bitcoin-over-humans-and-fiat-backs-blockchain-startup/ F
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Billionaire Backed Bitcoin Bank Galaxy Digital Now Trading on Toronto Stock Exchange

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Coming off fresh first quarter losses undeterred, giant cryptocurrency merchant bank, Galaxy Digital, began trading on the Toronto Stock Exchange August, 1, 2018. It is one of the earliest banks in the crypto space to achieve such a listing. Many eyes are watching to see what will become of the relationship between legacy financial institutions and digital assets. Galaxy Digital Trades, a Bitcoin Merchant Bank, Now Trades on TSX Venture Exchange Famed billionaire investor  Mike Novogratz  explained, “If I knew what I know now, knew the crypto markets were going to swoon as much, and it was going to take so long, I might have stayed private for another year or so and then gone public, but I don’t think it’s a mistake,” Galaxy Digital’s CEO. Crypto markets have been unkind to any investor who might’ve jumped-in during late 2017. His interview otherwise ought to have been triumphant, representing one of the earliest cryptocurrency-oriented merchant banks to be ...
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90% of Corporate “Blockchain” Pilots Will Never Materialize, Researchers Say

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If you have been following the mainstream financial press, and even some cryptocurrency news sources, you could not have missed the hype around the so called “Blockchain”. It feels like every day another established company claims to be testing using the technology to disrupt its own industry. In reality, however, it seems that the overwhelming majority of these pilots will never materialize. A Significant Disconnect Between Hype and Reality Forrester Research Inc. (NASDAQ:FORR), the global advisory company, has determined that 90% of corporate blockchain pilots, usually announced with much fanfare, will never actually materialize into a service or product to hit the market. Companies are reportedly experiencing difficulties handling performance, oversight and operations, as well as failing to agree on a common system among competitors, thus resulting in extended timelines and greatly reduced expectations. https://news.bitcoin.com/90-of-corporate-blockchain-pilots-w...
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When the game is rigged: The Helping Hand

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Part 4. It's July 1998, and we have reached the business end of the World Cup in France. France square it against current defending champion Brazil. Everyone knew what dangers posed by the Samba boys. It's not a fluke this nation has 4 winners medal to their name. And besides they had the deadliest attacker in the game, Ronaldo De Lima. In a charged arena, finally the whistle went for kick off. The French were on the attack from start to finish and they won their first trophy. Two goals from Zinedan Zidane and a third from Emmanuel Petit secured victory. Now why am I telling you this story? What's all this have to do with succeeding in business and life. Yes, hard working France won, big deal! They won their second trophy last year, what's the point? Yes, France won that trophy but its not that victory which is so important. It's the news that later emerged about how they won. In 2018 former UEFA president, Michel Platini, revealed how they ...
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When the game is rigged: The Secret Formula

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Part 3: Studies shows that it's neither the best products that sell the most nor the best boxer which wins every bout. Yes, hard work, persistence, perseverance, a fiery passion and an impeccable altitude are all factors of success but then there is something more. A secret formula which can turn everything, even a sows ear into a silk purse. Every champion knows that despite the fact that they got themselves to the edge of glory relying on being dogged and long suffering, real success wasn't achieved until they discovered the little piece of rare magic that transformed their efforts into victory. An African adage says...that thing which the Elder are using to eat their pudding is under the leaf wrappings... And they also say...If a child knows how to clean his hands, then he would eat with the Elders.... True victory can only come if you have discovered that the games of wealth are rigged and you would need an 'Elder' who deem you clean enough to '...
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Bitcoin, Crypto and Banks: Economist Says It’s the End of Government Monopoly on Money

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Jeffrey Tucker, economist and editorial director for the American Institute for Economic Research, is calling out banking elites and governments for their long-standing monopoly on money, which has led to “world wars, depression and inflation, enormous government indebtedness, and the rise of leviathan states that learned to print their way to power and riches.” In a recent report, Tucker advises central banks and governments to stop meddling in the world of crypto — where they’re not wanted, not qualified and not going to succeed. But banks are hardly lying down and rolling over. They’re lining up solutions to kick Bitcoin and crypto to the curb, challenging the fintech startups that are vying to take away their monopoly and world dominance. Tucker addresses their central scheme to stop the competition: issue their own digital currencies. But a government-backed, central bank-branded coin would have nation-state borders and would live on a permissioned blockchain. It would ...
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