▪️▪️
The Japanese government plans to tighten requirements for crypto-exchange exchanges. Trading platforms will be required to adhere to higher security standards and will have to strengthen ways to identify customers in order to combat money laundering.
Japan's financial services agency requires that exchanges do not allow the cross-over of clients' assets with their own, and crypto-currencies that require anonymity should be withdrawn from the auction.
💱💱💱
The Japanese government plans to tighten requirements for crypto-exchange exchanges. Trading platforms will be required to adhere to higher security standards and will have to strengthen ways to identify customers in order to combat money laundering.
Japan's financial services agency requires that exchanges do not allow the cross-over of clients' assets with their own, and crypto-currencies that require anonymity should be withdrawn from the auction.
💱💱💱
▪️▪️
Monday news:
◼️The Japanese financial services regulator (FSA) is going to tighten the rules of crypto-exchange operations this summer. One of the new conditions will be a ban on the trade in anonymous cryptocurrency
◼️ Developers of EOS introduced a new version of the software Dawn 4.0. Preparing to launch its own EOS blockchain is in full swing, there is less than a month left
◼️ Azerbaijan will impose a profit tax on the sale of cryptocurrency for legal entities and individuals
◼️ Ryan Coffey filed a lawsuit against Ripple on behalf of all investors in the XRP cryptocurrency. He accuses the company of illegal trading in securities and "an endless ICO." Ryan can be understood, he bought XRP at $ 2.6 in early January 2018
◼️ Ethereum Classic does not plan to switch to POS-mining, after Buterin and Ethereum. On the block 5 900 000 planned hardfork to remove the "complexity bomb", to avoid problems with further POW-mining
The exchange rate of major currencies: ◼️
Bitcoin 9356 $ (↓ 2.14%)
Bitcoin Cash 1621 $ (↓ 5.49%)
Ethereum 730 (↓ 6.31%)
Ripple 0.82 $ (↓ 5.19%)
Litecoin 162 $ (↓ 4.14%)
EOS $ 18.02 (↑ 1.7%)
Capitalization of all crypto-currencies: $ 433 billion
💱💱💱
Monday news:
◼️The Japanese financial services regulator (FSA) is going to tighten the rules of crypto-exchange operations this summer. One of the new conditions will be a ban on the trade in anonymous cryptocurrency
◼️ Developers of EOS introduced a new version of the software Dawn 4.0. Preparing to launch its own EOS blockchain is in full swing, there is less than a month left
◼️ Azerbaijan will impose a profit tax on the sale of cryptocurrency for legal entities and individuals
◼️ Ryan Coffey filed a lawsuit against Ripple on behalf of all investors in the XRP cryptocurrency. He accuses the company of illegal trading in securities and "an endless ICO." Ryan can be understood, he bought XRP at $ 2.6 in early January 2018
◼️ Ethereum Classic does not plan to switch to POS-mining, after Buterin and Ethereum. On the block 5 900 000 planned hardfork to remove the "complexity bomb", to avoid problems with further POW-mining
The exchange rate of major currencies: ◼️
Bitcoin 9356 $ (↓ 2.14%)
Bitcoin Cash 1621 $ (↓ 5.49%)
Ethereum 730 (↓ 6.31%)
Ripple 0.82 $ (↓ 5.19%)
Litecoin 162 $ (↓ 4.14%)
EOS $ 18.02 (↑ 1.7%)
Capitalization of all crypto-currencies: $ 433 billion
💱💱💱
▪️▪️
Yesterday, May 7, there was a hearing of the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) of the United States, under which regulators would conclude whether the tokens of the standard ERC-20 and Ethereum in particular, securities.
But on the morning of May 8, there is no information about the hearings. Moreover, some members of the crypto community argue that the news was spread through the leading media in order to manipulate the airspace and, in fact, no public hearings, but only a formal meeting of the "working group".
Whatever it was, but the market was indifferent to this information, and Ethereum is traded within the framework of the general market trend.
💱💱💱
Yesterday, May 7, there was a hearing of the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) of the United States, under which regulators would conclude whether the tokens of the standard ERC-20 and Ethereum in particular, securities.
But on the morning of May 8, there is no information about the hearings. Moreover, some members of the crypto community argue that the news was spread through the leading media in order to manipulate the airspace and, in fact, no public hearings, but only a formal meeting of the "working group".
Whatever it was, but the market was indifferent to this information, and Ethereum is traded within the framework of the general market trend.
💱💱💱
✖️✖️
The large Binance exchange has added the opportunity to trade Bytecoin cryptocurrency in pairs with bitcoin, ether and the local Binance Coin token. The cost of the coin has already risen by 82% and continues to grow
💱💱💱
The large Binance exchange has added the opportunity to trade Bytecoin cryptocurrency in pairs with bitcoin, ether and the local Binance Coin token. The cost of the coin has already risen by 82% and continues to grow
💱💱💱
💲💲
There are already three thousand Bitcoin ATMs in the world
Now in the world, there are about 3 thousand ATMs that allow you to make transactions with the Bitcoin and Ethereum crypto-currencies. More than half of the ATMs are installed in the US, they are mostly New York and Chicago. Among the European countries is Austria, followed by Malta and France. Installation of ATMs will solve one of the main problems of cryptocurrency - the widespread use of coins when paying for goods and services. At the same time, the commission for cash withdrawal remains high - about 8%, which is almost 2 times higher than the fees of stock exchanges. We hope for the further popularization of the Crypto-currency.
💲💲💲
There are already three thousand Bitcoin ATMs in the world
Now in the world, there are about 3 thousand ATMs that allow you to make transactions with the Bitcoin and Ethereum crypto-currencies. More than half of the ATMs are installed in the US, they are mostly New York and Chicago. Among the European countries is Austria, followed by Malta and France. Installation of ATMs will solve one of the main problems of cryptocurrency - the widespread use of coins when paying for goods and services. At the same time, the commission for cash withdrawal remains high - about 8%, which is almost 2 times higher than the fees of stock exchanges. We hope for the further popularization of the Crypto-currency.
💲💲💲
▪️▪️
Anonymity overview of Crypto-currency
Cryptocurrency has attracted attention as a simple and convenient means of conducting anonymous payments. But are all digital coins able to keep the secrets of transactions and not give out their owners? And what do we expect from anonymity? Still, the founder bitcoin stated that Bitcoin is the most anonymous cryptocurrency. Bearing in mind that for the purchase Bitcoin from you will not require a passport. And after the United States included crypto-purses of Russians in the sanction package, the public realized that no one was immune from control.
So, really anonymous crypto-currencies: Monero, Dash, Zcash, Bytecoin, Verge. Users prefer Monero, and experts identify Zcash.
The most popular cryptocurrency - Bitcoin, Ethereum, Ripple, Bitcoin Cash and Litecoin - lacks privacy protection measures. Experts can trace the origin of transactions of these crypto-currencies.
💱💱💱
Anonymity overview of Crypto-currency
Cryptocurrency has attracted attention as a simple and convenient means of conducting anonymous payments. But are all digital coins able to keep the secrets of transactions and not give out their owners? And what do we expect from anonymity? Still, the founder bitcoin stated that Bitcoin is the most anonymous cryptocurrency. Bearing in mind that for the purchase Bitcoin from you will not require a passport. And after the United States included crypto-purses of Russians in the sanction package, the public realized that no one was immune from control.
So, really anonymous crypto-currencies: Monero, Dash, Zcash, Bytecoin, Verge. Users prefer Monero, and experts identify Zcash.
The most popular cryptocurrency - Bitcoin, Ethereum, Ripple, Bitcoin Cash and Litecoin - lacks privacy protection measures. Experts can trace the origin of transactions of these crypto-currencies.
💱💱💱
▪️▪️
Crypto startups can outperform the banks of Wall Street
One of these days, one of the largest investment banks, Goldman Sachs, announced that it will begin to trade futures for bitcoins, given the increased interest of customers in crypto-investment. The general partner of Blockchain Capital, Spencer Bogart, noted that other banks will follow Goldman Sachs, not because of its influence and status, but because the scale of cryptology can no longer be ignored. Most banks have heard and seen figures that attract companies like Coinbase and Binance. There is a risk that some of these start-ups will overtake the largest Wall Street banks if the latter do not enter the market in time.
◼️◼️◼️
Crypto startups can outperform the banks of Wall Street
One of these days, one of the largest investment banks, Goldman Sachs, announced that it will begin to trade futures for bitcoins, given the increased interest of customers in crypto-investment. The general partner of Blockchain Capital, Spencer Bogart, noted that other banks will follow Goldman Sachs, not because of its influence and status, but because the scale of cryptology can no longer be ignored. Most banks have heard and seen figures that attract companies like Coinbase and Binance. There is a risk that some of these start-ups will overtake the largest Wall Street banks if the latter do not enter the market in time.
◼️◼️◼️
✖️✖️
Weiss Ratings criticize Warren Buffett
Martin Weiss, the founder of Weiss Ratings and the recently launched Weiss Cryptocurrency Ratings project, criticized Warren Buffett's negative statement regarding Bitcoin and other crypto-currencies.
In response to Buffett saying that Bitcoin is a "rat poison in a square" and that it is not of any value, Weiss noted that many respected investors and financial experts seem to underestimate the incredible advantages of cryptocurrency, such as speed, security and decentralization.
In a recent press release, Weiss explained that the cryptocurrency has three important levels of value:
1. Internal value. Thanks to many advanced cryptocurrency, investors and users become participants of the main DLT platform, with its enormous computing power.
2. Exchange value. Which will certainly grow, because the cryptocurrency is used in various transactions - both for exchanging for Fiat and for paying for goods and services?
3. Monetary system. The choice of crypto-currencies can become the basis for a new digital monetary system, which in the future will be more stable and less prone to manipulation by the government.
Despite the fact that not everyone agrees with Weiss, the company itself is known for its objective analysis, conducted for 55,000 enterprises and for various crypto-currencies, which is more objective than Buffett's rudeness.
By now, Weiss has a rich experience in analyzing crypto-currency. The company is especially optimistic about Cardano (ADA), NEO (NEO) and EOS (EOS), which have proved themselves in the last few weeks.
▪️▪️▪️
Weiss Ratings criticize Warren Buffett
Martin Weiss, the founder of Weiss Ratings and the recently launched Weiss Cryptocurrency Ratings project, criticized Warren Buffett's negative statement regarding Bitcoin and other crypto-currencies.
In response to Buffett saying that Bitcoin is a "rat poison in a square" and that it is not of any value, Weiss noted that many respected investors and financial experts seem to underestimate the incredible advantages of cryptocurrency, such as speed, security and decentralization.
In a recent press release, Weiss explained that the cryptocurrency has three important levels of value:
1. Internal value. Thanks to many advanced cryptocurrency, investors and users become participants of the main DLT platform, with its enormous computing power.
2. Exchange value. Which will certainly grow, because the cryptocurrency is used in various transactions - both for exchanging for Fiat and for paying for goods and services?
3. Monetary system. The choice of crypto-currencies can become the basis for a new digital monetary system, which in the future will be more stable and less prone to manipulation by the government.
Despite the fact that not everyone agrees with Weiss, the company itself is known for its objective analysis, conducted for 55,000 enterprises and for various crypto-currencies, which is more objective than Buffett's rudeness.
By now, Weiss has a rich experience in analyzing crypto-currency. The company is especially optimistic about Cardano (ADA), NEO (NEO) and EOS (EOS), which have proved themselves in the last few weeks.
▪️▪️▪️
▪️▪️
What do you need to know about EOS?
EOS is developed by block.one under the leadership of Daniel Larimer, co-founder of Steam and BitShares.
ICO EOS was launched on July 1, 2017, and will end on June 1, 2018. Every day, 2 million ERC20 tokens are put up for sale. Even at the ICO stage, EOS entered the top-5 in terms of capitalization.
At the moment, there are 4 versions of the EOSIO Dawn test software, the launch of the main blockchain-network is scheduled for June 2. The goal of the project is to create a platform for the convenient development and launch of decentralized applications with high scalability. At the time of the launch, EOS has to process 1000 operations per second. To achieve the high speed of operation, EOS sacrifices the decentralization parameter, only 21 validators participate in creating a new block.
It is important! After the launch of the EOS blockchain, all tokens sold during the ICO will be frozen. Those who do not have time to register in a smart contract to exchange ICO tokens for their own EOS coins or not use the services of exchanges (Binance, Bitfinex) for automatic conversion of cryptocurrency will remain with nothing. It will be considered that they donated their ETH to help developers.
EOS foretell the glory of the "killer Ethereum", but much depends on how many users refuse to air and prefer to move to a new network. Otherwise, EOS may prove to be a high-speed highway, for which no one drives.
💱💱💱
What do you need to know about EOS?
EOS is developed by block.one under the leadership of Daniel Larimer, co-founder of Steam and BitShares.
ICO EOS was launched on July 1, 2017, and will end on June 1, 2018. Every day, 2 million ERC20 tokens are put up for sale. Even at the ICO stage, EOS entered the top-5 in terms of capitalization.
At the moment, there are 4 versions of the EOSIO Dawn test software, the launch of the main blockchain-network is scheduled for June 2. The goal of the project is to create a platform for the convenient development and launch of decentralized applications with high scalability. At the time of the launch, EOS has to process 1000 operations per second. To achieve the high speed of operation, EOS sacrifices the decentralization parameter, only 21 validators participate in creating a new block.
It is important! After the launch of the EOS blockchain, all tokens sold during the ICO will be frozen. Those who do not have time to register in a smart contract to exchange ICO tokens for their own EOS coins or not use the services of exchanges (Binance, Bitfinex) for automatic conversion of cryptocurrency will remain with nothing. It will be considered that they donated their ETH to help developers.
EOS foretell the glory of the "killer Ethereum", but much depends on how many users refuse to air and prefer to move to a new network. Otherwise, EOS may prove to be a high-speed highway, for which no one drives.
💱💱💱
▪️▪️
Charity in the Crypto-currency
A large number of charitable organizations, including the Red Cross, introduced the possibility of donations to Bitcoin. The Australian unit UNICEF (United Nations Children's Fund) collects donations through the browser-based mining of Monero. The first case of creating a charitable crypto fund was recorded in San Francisco. The private crypto fund Tipping Point was very popular and was able to raise $ 14 million in Bitcoin, Ripple and Ethereum to fight poverty and help the homeless. His contribution to the good cause was made by Chris Larsen, CEO of Ripple, Bryan Armstrong, co-founder and CEO of CoinBase, and Dan Morehead, CEO and founder of Pantera Capital.
💱💱💱💱
Charity in the Crypto-currency
A large number of charitable organizations, including the Red Cross, introduced the possibility of donations to Bitcoin. The Australian unit UNICEF (United Nations Children's Fund) collects donations through the browser-based mining of Monero. The first case of creating a charitable crypto fund was recorded in San Francisco. The private crypto fund Tipping Point was very popular and was able to raise $ 14 million in Bitcoin, Ripple and Ethereum to fight poverty and help the homeless. His contribution to the good cause was made by Chris Larsen, CEO of Ripple, Bryan Armstrong, co-founder and CEO of CoinBase, and Dan Morehead, CEO and founder of Pantera Capital.
💱💱💱💱
💲💲
Fundstrat analysts: $ 36,000 for bitcoin by the end of 2019
Analytical agency Fundstrat Global Advisors has published a report on the analysis of crypto currency mining and the forecast of bitcoin prices by the end of 2019. Analyst calculations are based on the dynamics of a hash tree - a unit of computing power in the Bitcoin network. Even the most pessimistic forecast in this analysis predicts an increase in the price of bitcoin by 113% and optimistic - by 583%. Fundstrat is convinced that $ 36,000 is the most likely bitcoin price by the end of 2019, but it can be anywhere from $ 20,000 to $ 64,000. It does not exclude the maximum growth to $ 64,000. The agency's representatives added that improving equipment for mining has a favourable effect on the industry as a whole.
💱💱💱
Fundstrat analysts: $ 36,000 for bitcoin by the end of 2019
Analytical agency Fundstrat Global Advisors has published a report on the analysis of crypto currency mining and the forecast of bitcoin prices by the end of 2019. Analyst calculations are based on the dynamics of a hash tree - a unit of computing power in the Bitcoin network. Even the most pessimistic forecast in this analysis predicts an increase in the price of bitcoin by 113% and optimistic - by 583%. Fundstrat is convinced that $ 36,000 is the most likely bitcoin price by the end of 2019, but it can be anywhere from $ 20,000 to $ 64,000. It does not exclude the maximum growth to $ 64,000. The agency's representatives added that improving equipment for mining has a favourable effect on the industry as a whole.
💱💱💱
💲💲
The market was quickened, bitcoin went to an attempt to break up. Flat certainly already noticeably protracted, the breakdown was probably on Friday, so we are watching and getting ready to react to the situation. There is a chance to go to 8700, but it's more important to gain a foothold and not fall after.
💲💲💲
The market was quickened, bitcoin went to an attempt to break up. Flat certainly already noticeably protracted, the breakdown was probably on Friday, so we are watching and getting ready to react to the situation. There is a chance to go to 8700, but it's more important to gain a foothold and not fall after.
💲💲💲
💲💲
Apple vs Ethereum
The co-founder of Apple spoke positively about the prospects of Ethereum, drawing some parallels between this platform and the company, to the creation of which he once made efforts.
During the WeAreDevelopers Congress in Vienna in 2018, Steve Wozniak noted that the Ethereum blockchain platform could become as influential as Apple.
"Ethereum interests me because he can do different things and is a platform. In the long term, it can be just as influential as Apple, "Wozniak said.
💱💱💱
Apple vs Ethereum
The co-founder of Apple spoke positively about the prospects of Ethereum, drawing some parallels between this platform and the company, to the creation of which he once made efforts.
During the WeAreDevelopers Congress in Vienna in 2018, Steve Wozniak noted that the Ethereum blockchain platform could become as influential as Apple.
"Ethereum interests me because he can do different things and is a platform. In the long term, it can be just as influential as Apple, "Wozniak said.
💱💱💱
💲💲
The exchange is fully FSA approved
Japanese Bitpoint continues global expansion - now the currency exchange is represented in 5 countries. Bitpoint Japan was one of the first crypto-exchange companies fully licensed by the Japan Financial Services Agency (FSA). The Exchange is a subsidiary of Remixpoint, listed on the Tokyo Stock Exchange.
The exchange supports five crypto-currencies: BTC, ETH, BCH, LTC, and XRP.
💲💲💲
The exchange is fully FSA approved
Japanese Bitpoint continues global expansion - now the currency exchange is represented in 5 countries. Bitpoint Japan was one of the first crypto-exchange companies fully licensed by the Japan Financial Services Agency (FSA). The Exchange is a subsidiary of Remixpoint, listed on the Tokyo Stock Exchange.
The exchange supports five crypto-currencies: BTC, ETH, BCH, LTC, and XRP.
💲💲💲
▪️▪️
IBM is betting on the blockchain Stellar
"Stellar is a wonderful, scalable, high-performance open source blockchain," said IBM chief of the IBM blockchain, Jess Lund. He said that the IT giant is actively cooperating with the Stellar team and is engaged in joint development. About them, he promised to tell more in the framework of the AMA session ("ask me about anything") with users of Reddit.
In addition, Lund noted the usefulness of Crypto-currency. In particular, he is confident that large corporations will understand and start using bitcoin, but this will take time. Lund also compared the degree of acceptance of crypto-currency with the transition from metal coins to paper equivalents - in his opinion, then the authorities just as opposed to the new, as it is now with digital currencies.
💱💱💱
IBM is betting on the blockchain Stellar
"Stellar is a wonderful, scalable, high-performance open source blockchain," said IBM chief of the IBM blockchain, Jess Lund. He said that the IT giant is actively cooperating with the Stellar team and is engaged in joint development. About them, he promised to tell more in the framework of the AMA session ("ask me about anything") with users of Reddit.
In addition, Lund noted the usefulness of Crypto-currency. In particular, he is confident that large corporations will understand and start using bitcoin, but this will take time. Lund also compared the degree of acceptance of crypto-currency with the transition from metal coins to paper equivalents - in his opinion, then the authorities just as opposed to the new, as it is now with digital currencies.
💱💱💱
▪️▪️
Crypto-currency island
A group of philanthropists, scientists and investors are developing a project of a sovereign floating state in the Pacific, which will use its own Varyon cryptocurrency to calculate. This was reported by the political scientist and researcher of the floating island project Natalie Mezza-Garcia.
The pilot project of the "floating island" is being developed in partnership with the government of French Polynesia.
As Mezza-Garcia says, the new island state is planned to be made independent of geopolitical influence and exchange rate fluctuations. In addition, the island will take the so-called climate refugees.
"The fact that the project is being developed near the Polynesian Islands is of particular importance. This region lies on corals and will disappear along with rising sea level, "she said.
The cost of developing and implementing the project is estimated at $ 50 million. This amount should include costs for the construction of 300 houses, as well as several hotels, restaurants, and offices.
Currently, funding comes from voluntary sponsors through the founder of PayPal, Peter Tile, and the grandson of Nobel laureate Milton Friedman, political economist Pat Friedman of the Seasteading Institute and the start-up Blue Frontiers. The latter is responsible for carrying out the ICO project - in exchange for funds deposited, investors receive the island's internal cryptocurrency - Varyon.
It is expected that an independent island state will appear by 2022.
The representative of the project also believes that this initiative will inspire the creation of similar islands and other organizations.
"If people do not want to live under a certain regime, they can just pick up their homes and swim to another island," says Natalie Mezza-Garcia.
Recall, in February, the authorities of the Marshall Islands announced their intention to issue their own national cryptocurrency, which will become a legal payment instrument.
◾️◾️◾️
Crypto-currency island
A group of philanthropists, scientists and investors are developing a project of a sovereign floating state in the Pacific, which will use its own Varyon cryptocurrency to calculate. This was reported by the political scientist and researcher of the floating island project Natalie Mezza-Garcia.
The pilot project of the "floating island" is being developed in partnership with the government of French Polynesia.
As Mezza-Garcia says, the new island state is planned to be made independent of geopolitical influence and exchange rate fluctuations. In addition, the island will take the so-called climate refugees.
"The fact that the project is being developed near the Polynesian Islands is of particular importance. This region lies on corals and will disappear along with rising sea level, "she said.
The cost of developing and implementing the project is estimated at $ 50 million. This amount should include costs for the construction of 300 houses, as well as several hotels, restaurants, and offices.
Currently, funding comes from voluntary sponsors through the founder of PayPal, Peter Tile, and the grandson of Nobel laureate Milton Friedman, political economist Pat Friedman of the Seasteading Institute and the start-up Blue Frontiers. The latter is responsible for carrying out the ICO project - in exchange for funds deposited, investors receive the island's internal cryptocurrency - Varyon.
It is expected that an independent island state will appear by 2022.
The representative of the project also believes that this initiative will inspire the creation of similar islands and other organizations.
"If people do not want to live under a certain regime, they can just pick up their homes and swim to another island," says Natalie Mezza-Garcia.
Recall, in February, the authorities of the Marshall Islands announced their intention to issue their own national cryptocurrency, which will become a legal payment instrument.
◾️◾️◾️
💲💲
Three aspects of the use of blockchain in education
Blockchain technology will be a breakthrough in the financial sector, a revolution in logistics, a coup in the energy market - such headlines are full of media. But is the use of blockchain limited to these sectors? Education and science - one of the markets that is least often mentioned when talking about the detainee, but who desperately need the following characteristics of this technology: data invariability, verifiability, and self-regulation.
The turnover of the market of false diplomas on higher education, according to some estimates, is billions of dollars, and the number of forged diplomas has exceeded hundreds of thousands.
The technology of blockchain will help to solve the problem with counterfeit diplomas. Several projects in different countries are already working in this direction. GRNET, the national search and education network in Greece, works with the Cardano IOHK blockchain development company on a joint project for the production of blockchain diplomas at three universities in Greece - Aristotle University in Thessaloniki, Democritus University in Thrace and the University of Athens University of Economics and Business
In 2018, MIT, in conjunction with the Learning Machine, started using Bitcoin for the production of more than 100 digital diplomas, and Ngee Ann Polytechnic (University of Singapore) worked with Attores and Parity Technologies to produce diplomas based on Ethereum blockchain.
Technology will not only simplify the process of verifying certificates but will also save university funds for printing and be issuing diplomas.
Another problem in education and science is plagiarism. Blockchain can help protect copyright for intellectual property. He will help to combat plagiarism and check the correspondence of written works with reference to the source.
This idea is developed by Tang Ling, an enthusiastic blockchain, co-founder of the Ink Labs Foundation (INK) in Singapore. The organization plans to develop a platform that will use the blockchain to check the rights of the authors of each material uploaded to the platform.
Finally, the third problem in the solution of which the detainee can help is the education of needy children.
One of the reasons for this problem is that primary and secondary education is compulsory in many countries, and higher education is not.
💲💲💲
Three aspects of the use of blockchain in education
Blockchain technology will be a breakthrough in the financial sector, a revolution in logistics, a coup in the energy market - such headlines are full of media. But is the use of blockchain limited to these sectors? Education and science - one of the markets that is least often mentioned when talking about the detainee, but who desperately need the following characteristics of this technology: data invariability, verifiability, and self-regulation.
The turnover of the market of false diplomas on higher education, according to some estimates, is billions of dollars, and the number of forged diplomas has exceeded hundreds of thousands.
The technology of blockchain will help to solve the problem with counterfeit diplomas. Several projects in different countries are already working in this direction. GRNET, the national search and education network in Greece, works with the Cardano IOHK blockchain development company on a joint project for the production of blockchain diplomas at three universities in Greece - Aristotle University in Thessaloniki, Democritus University in Thrace and the University of Athens University of Economics and Business
In 2018, MIT, in conjunction with the Learning Machine, started using Bitcoin for the production of more than 100 digital diplomas, and Ngee Ann Polytechnic (University of Singapore) worked with Attores and Parity Technologies to produce diplomas based on Ethereum blockchain.
Technology will not only simplify the process of verifying certificates but will also save university funds for printing and be issuing diplomas.
Another problem in education and science is plagiarism. Blockchain can help protect copyright for intellectual property. He will help to combat plagiarism and check the correspondence of written works with reference to the source.
This idea is developed by Tang Ling, an enthusiastic blockchain, co-founder of the Ink Labs Foundation (INK) in Singapore. The organization plans to develop a platform that will use the blockchain to check the rights of the authors of each material uploaded to the platform.
Finally, the third problem in the solution of which the detainee can help is the education of needy children.
One of the reasons for this problem is that primary and secondary education is compulsory in many countries, and higher education is not.
💲💲💲
💲💲
The Central Bank of Norway is developing plans for moving to a society without cash
The Central Bank of Norway Norges bank has published a document on the digital currencies of the Central Bank (CBDC). The document speaks of the need to form its own cryptocurrency in Norway and that its use by the Central Bank should have a positive impact on the creditworthiness of banks and other financial institutions.
Norges Bank has completed the first stage of the analysis of the need to form a digital currency and is going to continue to issue cash.
European banks are trying to minimize the rotation of cash and are more likely to switch to the use of digital banking services.
The document also says: "Norges Bank will continue to give out cash, while they are in demand. But when the use of cash will decrease, CBDC can become an alternative to deposits. The main goal of CBDC is to provide trust in the electronic money system, crypto-currency assets are unlikely to be a viable alternative in the near and medium term. "
The working group reported that it is too early to judge whether Norges Bank should issue CBDC. The document says: "The working group has identified a number of factors that involve a cautious approach to avoid the conversion of bank deposits to the CBDC, which can happen so quickly that it will worsen lending."
The idea of CBDC is considered by major central banks, such as the Bank of Canada, the Bank of England, the Bank of Sweden and others.
Three areas of CBDC application are proposed, which include: a suitable legal tender as a supplement to cash, the introduction of a reliable alternative to deposits in private banks and an independent backup solution for electronic payment systems.
💲💲💲
The Central Bank of Norway is developing plans for moving to a society without cash
The Central Bank of Norway Norges bank has published a document on the digital currencies of the Central Bank (CBDC). The document speaks of the need to form its own cryptocurrency in Norway and that its use by the Central Bank should have a positive impact on the creditworthiness of banks and other financial institutions.
Norges Bank has completed the first stage of the analysis of the need to form a digital currency and is going to continue to issue cash.
European banks are trying to minimize the rotation of cash and are more likely to switch to the use of digital banking services.
The document also says: "Norges Bank will continue to give out cash, while they are in demand. But when the use of cash will decrease, CBDC can become an alternative to deposits. The main goal of CBDC is to provide trust in the electronic money system, crypto-currency assets are unlikely to be a viable alternative in the near and medium term. "
The working group reported that it is too early to judge whether Norges Bank should issue CBDC. The document says: "The working group has identified a number of factors that involve a cautious approach to avoid the conversion of bank deposits to the CBDC, which can happen so quickly that it will worsen lending."
The idea of CBDC is considered by major central banks, such as the Bank of Canada, the Bank of England, the Bank of Sweden and others.
Three areas of CBDC application are proposed, which include: a suitable legal tender as a supplement to cash, the introduction of a reliable alternative to deposits in private banks and an independent backup solution for electronic payment systems.
💲💲💲
💱💱
In India, crypto-currency transactions can be taxed at 18%
The Indian authorities can make changes in the legislation regarding operations with digital assets. In particular, crypto-currencies can be classified as digital goods, and operations with them - are subject to an 18-percent tax.
In this case, trade in crypto-currencies will be considered as the delivery of goods, and their transfer, storage, and accounting as services.
It is also reported that very soon in India can be submitted bills aimed at countering the use of cryptocurrency in criminal activity.
💱💱💱
In India, crypto-currency transactions can be taxed at 18%
The Indian authorities can make changes in the legislation regarding operations with digital assets. In particular, crypto-currencies can be classified as digital goods, and operations with them - are subject to an 18-percent tax.
In this case, trade in crypto-currencies will be considered as the delivery of goods, and their transfer, storage, and accounting as services.
It is also reported that very soon in India can be submitted bills aimed at countering the use of cryptocurrency in criminal activity.
💱💱💱
▪️▪️
5 most anticipated blockchain
Now the crypto community is waiting for the launch of the new blockchain. The most anticipated are Tron, EOS, Ziliqa, VeChain, and Cardano. The developers of Tron announced the launch of the test network on May 31. Within the framework of airdrop, it is planned to distribute 30 million TRX tokens to the holders of Ethereum cryptocurrency. Those users who had more than one Ethereum according to the public registry data after January 1, 2018, will receive from 10 to 100 TRX tokens. According to experts, the transition of Tron on May 31 to its own block will cause an increase in the price of the token. Tron users will be able to vote after the update. EOS users will switch to the main Eosio network on June 2. And the owners of VeChain will receive 100 new assets for each VEN token, purchased before the upgrade.
♦️ ️ ♦️ ️ ♦️ ️
5 most anticipated blockchain
Now the crypto community is waiting for the launch of the new blockchain. The most anticipated are Tron, EOS, Ziliqa, VeChain, and Cardano. The developers of Tron announced the launch of the test network on May 31. Within the framework of airdrop, it is planned to distribute 30 million TRX tokens to the holders of Ethereum cryptocurrency. Those users who had more than one Ethereum according to the public registry data after January 1, 2018, will receive from 10 to 100 TRX tokens. According to experts, the transition of Tron on May 31 to its own block will cause an increase in the price of the token. Tron users will be able to vote after the update. EOS users will switch to the main Eosio network on June 2. And the owners of VeChain will receive 100 new assets for each VEN token, purchased before the upgrade.
♦️ ️ ♦️ ️ ♦️ ️