Popular crypto critic Elizabeth Waren who is also a Senator, is considering running for president in the next 2020 presidential race in the United States, according to the latest blockchain news coming from the Wall Street Journal.
Warren will be able to raise funds with the exploratory committee before starting her presidential campaign. She is a representative of the Democratic party from Massachusetts and became popular for criticising corporations and large banks but most importantly cryptocurrencies.
She posted an announcement video on her official website where she can be heard saying:
‘’America’s middle class is under attack. How did we get here? Billionaires and big corporations decided they wanted more of the pie and they enlisted politicians to cut them a fatter slice.’’
Warren will have a huge impact for the crypto industry since the Democratic politician is not really a big fan of cryptocurrencies and Initial coin offerings. She has stated before that she is extremely worried that Bitcoin and other cryptocurrencies are extremely volatile and that the digital currencies could eventually hurt many American families economically.
The presidential race is still already heating up with many democrats hoping to take Donald Trump out of the White House. Other Democrats are supposed to join the presidential announcements in the next few weeks including Kamala Harris, Kirsten Gillibrand and Michael Bloomberg.
While speaking at a hearing of the Senate Committe, Waren criticised cryptocurrencies that they are easy to steal and investors could get easily scammed. She told the committee:
“The challenge is how to nurture productive aspects of crypto with protecting consumers,” she told the committee.’’
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“I would say payment and utility tokens are more or less over, sometimes they make sense.”Talking about stablecoins, he explained that their decentralized mechanism is what makes sure that they are legally considered to be payment tokens rather than securities:
“Stablecoins are a precondition to enable average companies to bring their equity onto the blockchain, because if they issue bonds or shares they want to do so against U.S. dollars, euros or Swiss francs, because those are the currencies they calculate in, not Bitcoin (BTC) or Ethereum (ETH).”Meisser also pointed out that the banks in Switzerland still don’t attempt to try crypto but local startups do use them as a way to avoid banking difficulties in the country.
Bitfury Enters Music Industry With Blockchain-Based Open Source Platform Launch
“The Surround platform will enable the entire music entertainment industry to streamline operations through secure transfer of copyright assets, streamlined connectivity as well as better monitoring and management systems."The launch of this new service marks the expansion of Bitfury onto various aspects beyond mining. Within the ecosystem, this week also saw the company bringing off-chain payments through the Lightning Network (LN) to their first exchange environment thanks to a partnership with Poland's BTCBIT. As the CEO of Bitfury commented about the Surround project:
"The music entertainment industry has evolved into a complex, competitive, technology-driven environment that suffers from a severe lack of transparency.We want to champion artists and help incentivize the growth of the entire industry through the creation of this open, blockchain-based ecosystem."There are many blockchain entities which are tackling the music industry transparency for several years, with ideas such as blockchain-based streaming service being revealed in 2018.
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