Posts Tagged ‘theresa’
Cryptocurrencies Expected to Cause “Massive Disruption” – IMF Managing Director
The managing director of the International Monetary Fund (IMF), Christine Lagarde warned financial institutions that “we are about to see massive disruptions” as a result of cryptocurrency and distributed ledger technologies. The IMF head stressed the need for institutions and regulators to “adjust… to the impact of the combined breakthrough technologies that will impact markets.”
Source: Cryptocurrencies Expected to Cause “Massive Disruption” – IMF Managing Director
Read MoreExclusive: Royal Bank of Canada using blockchain for U.S./Canada payments – executive | Reuters
Although concerns remain about the legitimacy of bitcoin, which JP Morgan (JP.N) Chief Executive Jamie Dimon described as a fraud earlier this month, the credibility of the blockchain technology itself has increased.
A growing number of senior bankers have said they believe it will eventually revolutionize the way payments are made across the industry, reducing complexity and costs of back-office processes.
Source: Exclusive: Royal Bank of Canada using blockchain for U.S./Canada payments – executive, Matt Scuffham, September 27, 2017 / 6:44 PM
Read MoreBlockchain Could Help Us Reclaim Control of Our Personal Data | HBR
Equifax and others have shown the weakness of central databases in the hands of a single firm. Mutual distributed ledger systems have the potential to provide us with identity and activity management, even permitting us to make a market selling information about ourselves, taking control and cash back from companies like Equifax and Yahoo and giving it back to ourselves. There will certainly be mistakes along the way, but how can we truly object to reclaiming control of our most private property — our personal data?
Source: Blockchain Could Help Us Reclaim Control of Our Personal Data, Michael Mainelli, October 05, 2017
Read MoreThe SAFT Project
A forum for the discussion of a compliant framework for token sales. The goal: To develop an industry standard that protects the interests of network creators, investors, and users.
Thanks Fred!
Source: The SAFT Project
Read Moreprojecttransparency.org
Leading members of the blockchain and cryptocurrency industry unite to launch Project Transparency, a voluntary disclosure standard which aims to bring self governance and greater transparency for investors and the community.
Source: PROJECT TRANSPARENCY
Read MoreBlockchain could provide the answer to the anti-money laundering issues that crypto-currencies face » Brave New Coin
Read MoreThe current AML system was originally tailored to address existing centralized financial services systems. By default, these guidelines cannot account for a finance system based on intrinsic anonymity. Rather, AML relies on the ability to monitor and exploit the Know Your Client (KYC) process, identifying information which every financial institution is required to account for by law.
Startup Management » Safe ICO Practices (SIP)
In a nutshell, there are four commonly emerging areas where a lot of the risk can build-up:The amount of disclosure about the token creation event (the sale itself)Decisions around the terms structure of these offeringsThe ongoing level of credible transparency about the evolution of the project, post-saleToo much speculative activity in the public exchanges prior to going live, causing a disconnect between value and valuationNote that the following set of thoughts are not regulatory prescriptions. They are suggested practices, that once properly implemented could help to avoid unnecessary regulation. At least, they could contribute to promoting a more healthy self-discipline by ICO practitioners.
Source: Startup Management » Safe ICO Practices (SIP)
Read MoreCrypto Valley Association Comes Out in Support for Careful ICO Regulation; Announces ICO Code of Conduct | Crypto Valley
Read MoreThe announcement describes the development of an official, CVA-supported ICO Code of Conduct, a framework designed to guide ICOs on proper conduct, taking into account all legal, moral, and security obligations. The ICO Code of Conduct is expected to bring clarity and confidence towards a new, rapidly-growing asset class.
A Brief Introduction to Token Sales – A blog by Vinny Lingham
Firstly, you have to ask yourself, what is your token good for and why will people buy it?
Secondly, you have to design your token in such a way that it makes sense to prospective users, and be as clear as you can when you describe the terms and functionality in connection with the sale of the tokens. A token sale is essentially the same as a crypto currency — e.g., Bitcoin or Ether — but the distinct difference is that you’re not offering a crypto coin that is mined with consensus rules, instead you’re offering a token, for example Civic (CVC), which might have a special purpose (smart contracting, etc). Tokens are typically not mined — they merely sit on top of the crypto platform they are issued upon.
Source: A Brief Introduction to Token Sales – A blog by Vinny Lingham
Read MoreThe Economics of Blockchain Protocols | Primoz Kordez – Medium
Individuals can be included in various roles in the system, and the protocol is set in such a manner that these individuals are rewarded or punished according to their completion of tasks. This means that there is a symmetry or a so called “incentive discentive model” — beside receiving a reward for a successfully completed role, an individual can also be punished by having its staked cryptocurrency “burned”. Whenever possible, the protocol evaluates an individual’s contribution independently and rewards or punishes them accordingly; when the protocol does not have this ability, this decision is left to the market.
Source: The Economics of Blockchain Protocols | Primoz Kordez – Medium
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