The co-founder of Ethereum, Vitalik Buterin had a meet and greet with a group of South Korean lawmakers where they discussed blockchain technology. According to the latest cryptocurrency news, Buterin urged them to deregulate the industry since the current legislation is too restrictive and will heavily influence on innovation.
“Blockchain is a technology that can be run without cryptocurrencies, but there is no crypto without blockchain. Public blockchains rely heavily on cryptography. Therefore, cryptocurrencies are absolutely necessary.”
Vitalik explained his stance on the topic ‘’blockchain, not bitcoin’’ which is the main stance of the South Korean government. The government officials tried to promote blockchain but at the same time, they undermined cryptocurrencies and decided to put a ban on ICOs.
Buterin explained that crypto and blockchain are too heavily connected and cannot be separated. He also said that ICOs are getting their image back after the many scams that happened over the years:
“ICOs have certainly improved, and will continue to improve in the future.”
Moreover, the co-founder of Ethereum addressed that the Crypto Winter was actually a good thing for the industry because it scared away all of the con artists and saw which projects are here to stay:
“The recent crypto scandals and market recession have [uncovered which projects] turned out to be scams and which projects are going to be sustainable.”
This stance comes by the Reddit founder Alexis Ohanian who was an early investor in Coinbase. Ohanian stated that Bitcoin investors should not be afraid and discouraged by the bear market because the purge is a good thing for the long-term health of the industry.
The South Korean government and its President Moon Jae-in, decided to ban ICOs due to the many scams. The harsh legislative regarding digital currencies have created a negative sentiment on the market because of the growing crypto community which seems to be increasing despite the harsh regulations.
In the meantime, the United States lawmakers are trying to make their governments ready to embrace blockchain and crypto because the innovative nature of the technologies can boost the economy.
Serena Williams Gold Medals Winner Invested In Crypto Exchange Coinbase
“In 2014, (yes I know I can keep a secret) I launched Serena Ventures with the mission of giving opportunities to founders across an array of industries. Serena Ventures invests in companies that embrace diverse leadership, individual empowerment, creativity and opportunity.”The crypto exchange giant Coinbase gladly accepts this investment by Serena Williams and thus becomes a part of the 30 different companies in the portfolio. The San-Francisco based startup is currently the largest exchange in the United States. The CEO of the company Brian Armstrong, the exchange is still going to expand after it launched trading services in 11 countries last week. Serena Williams, on the other hand, has won four gold medals at the Olympics. She was later named the Number 1 tennis player according to the Women’s Tennis Association on eight different occasions. Also, her net worth was estimated as the best cryptocurrency news sites write at about $180 million. The world’s best female tennis player, Serena Williams with middle name Jameka, earned more than $29 million in prize money. This makes her the highest paid female athlete. She was also named in the Forbes 100 highest paid athletes in 2017. Back in 2015, she also won the Laureus Sportswoman of the Year award up until 2018.
MakerDAO Voters Decide Whether To Raise The Stability Fee Of DAI
Vietnamese Blockchain Startup Utop Gets $3 Million From FPT Corporation & SBI Holdings
“The development of Industry 4.0 technologies has created breakthrough opportunities for businesses, mushrooming so many innovative business models. We call it digital transformation.”As featured on many best cryptocurrency news sites so far, SBI has managed in a number of ventures in the cryptocurrency sector such as its own exchange Vctrade alongside a series of investments in many businesses related to cryptocurrency infrastructures and services. Last October, for example, SBI partnered with Ripple's XRP powered payments app, MoneyTap, showing up in the altcoin news section and going live with the system whch helps account holders at selected Japanese banks. At the time, the app was designed to include a consortium of 61 institutions including more than 80% of all Japan's banking assets in a single service. Right now, the company has a massive interest in the Vietnamese blockchain startup Utop and is looking forward to the development of its infrastructure. Previously, the company's general director Ngo Vinh Quy talked about blockchain (during the partnership with the largest telecommunications operator in the country, Viettel Group) stating:
“Blockchain is an unlimited ecosystem. The most difficult task for Viettel is choosing the most effective blockchain technology that can be applied in daily life."
QuadrigaCX Chief Executive Feared For His Life According To A Close Friend
‘’Gerry was holding, we know, over $100 million, almost $200 million dollars in funds. That makes people do some pretty crazy things. And I think Gerry was aware of that, and I think he was kind of worried that something might happen.’’O’Brien also outlined that the only way to access the funds is if Cotten had already set up multiple contingency measures. He stated that the QuadrigaCX Chief executive should create a backup system in case anything goes wrong. This information can be hopeful for some users of the exchange but everything could be lost if there isn’t a backup system built. When he described Cotten, O’Brien noted that the QuadrigaCX chief executive was a super smart man but that ‘’ a dead man’s switch would be something that Gerry would have had to set up before he passed away.’’ Usually, this kind of a ‘’switch’’ is activated over a long time of inactivity. Some believe that the dead man’s trigger services could send an email to all of the users in a specified period over a month or two. The user is then expected to respond to the emails by clicking a link. However, if the user does not click the link, the trigger is activated instantly or over a grace period. Activation involves sending emails with specific instructions. This is what O’Brien believes that the QuadrigaCX chief executive has already done. As we mentioned previously in the latest cryptocurrency news, the QuadrigaCX chief executive Gerald Cotten died in India after a complication from Crohn’s disease. The funds cannot be accessed still.
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