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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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LEADING CRYPTOGRAPHY SCHOLARS JOIN FORCES TO TACKLE REGULATORS ISSUES

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Scholars from a number of leading research universities have recently come together to tackle the issue of how blockchain technology and regulatory frameworks can co-exist and promote the adoption of blockchain technology. Abelian, the “Accountable Privacy” initiative, is a collaborative effort between the research institutes of Nanyang Technological University (NTU) of Singapore, Shanghai Jiao Tong University (SJTU) of China, and the University of Wollongong (UoW) of Australia. The development is handled by Hong Kong based blockchain development firm CryptoBLK, which is well-known for its previous development work for HSBC and ING. “When a new technology emerges, there is generally period of grey zones as markets and regulators figure out ways to adapt to each other,” says Professor Huaxiong Wang at Singapore’s Nanyang Technological University. He is joined by three other scholars in cryptography on this project Abelian.   “Today’s financial regulatory framework is bu...
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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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