Bitcoin news: ICOs – The Developer’s Perspective

23. November 2018 at 23:26Category:crypto-economy

The next panel and the next day were ultimately dedicated to developers: In the panel, Max Kordek, CEO of Lisk, Henning Dietrich, a programmer and bestselling author, Peter Harris of Resonate and Remco Bloemen of Neufund discussed their experiences and backgrounds regarding ICOs. It was interesting to discuss the technical aspect of decentralized crowdfunding after the discussion of the regulatory framework.

The discussion also focused on what is meant by the term crypto-economy. Roughly speaking, it can be summarized that this bulky term can be understood as a technology-based economy. Inflation is of course a keyword here; different protocols permit deterministic inflation and deflation rates. However, this technology does not stand as an absolute monarch; only through consensus, the community’s agreement on certain aspects of technology, can the crypto-economy become effective.

Blockchain for investors – Bitcoin news projects introduce themselves

On the second day of the events organised by Bitcoin news, various projects had the opportunity to introduce themselves to an interested audience. With Neufund and Bitcoin news, two projects represented on the above-mentioned panels were present for a second time and were able to discuss their projects in more detail. Starbase and Dent were two other projects.

After the first day ICOs and decentralized crowdfunding were illuminated from different sides it was interesting to see how different projects want to revolutionize ICOs: Neufund sees itself as a decentralised investment ecosystem and Starbase as a service provider offering token funding as a service, i.e. organising an ICO for interested parties.

Bitnation’s Toni Lane presented the vision behind her project

A nation beyond existing borders, which exists on the internet and uses the blockchain for various tasks.

Mikko Linnamäki of DENT finally presented his project – a disruption of the mobile phone market – and above all his experiences with the organisation of an ICO. The humorous lecture, which dealt with trolls in slack channels, fanboys from South Korea and critics on bitcointalk, was a pleasant conclusion for the two evenings. Thanks to Sven Läpple and Astratum for these events on crypto-economy!

IOTA: Digital Identity and the Tangle

26. October 2018 at 9:24Category:IOTA Foundation

The IOTA Foundation has announced a new partnership. With this partnership, they want to further their efforts in the area of smart homes and digital identity. With IAMPASS, the areas of Digital Identity, Smart Cities and IOTAs Tangle will come together better.

Digital identity, Internet of Things and Smart Homes – these are probably the key words when it comes to our digital future. The fact that the IOTA Foundation with its Tangle wants to offer the technical infrastructure for this should be familiar to most people interested in cryptography by now. With a new partnership, this goal should now come a few bytes closer.

A dream for data collectors of the news spy

The Tangle will soon be the basis for a new identification system like the news spy. A dream for all data collectors: https://www.onlinebetrug.net/en/the-news-spy/ The vein patterns in the palm of the hand should be used to perfectly identify, register and digitally image people on the tangle. With IAMPASS all this should become possible – one expects a secure and no longer manipulable illustration of identity data.

IOTAs Tangle as basis for Smart Cities

In connection with Smart Cities, the project is still thinking ahead. A process called Masked Authenticiated Messaging will make it possible to recharge smart cars via the digital account. IOTA recently announced this in a blog post.

The advantages of a decentralized administration of identity are obvious. The distribution is moving away from centralized mountains of data to decentralized individual nodes that are designed to simplify identification.

Toan Nguyen, Director Business Development & Cloud Platform of IAMPASS:

“Distributed ledger technologies are becoming a key component of new initiatives in smart cities and digitization. This is especially true for data management and security. IOTA’s Tangle is particularly suitable for the emerging security applications for digital identity and personal data. Together, we expect the IOTA ecosystem and IAMPASS to help drive the next phase of digital identity management for high-security environments such as data centers and the smart city.”

So when IAMPASS’ plans work out, it will soon be possible to identify yourself by the arrangement of veins on the palm of your hand, recharge your smart car and let it drive you into a fully networked smart home. (Provided the necessary small change is there).

Regulierungs-ECHO KW42 – A crypto currency for Hamburg?

20. October 2018 at 9:16Category:crypto currency

In the past week, a lot has happened around the globe in terms of regulation. In our regulation ECHO we look back to the end of the week and summarize what was said, thought or decided when, where and by whom.

Germany: CDU Hamburg demands its own crypto currency

The Hamburg Christian Democrats are playing with the idea of their own crypto currency for the Hanseatic city. This was reported last week in the Hamburger Abendblatt with reference to the CDU member of parliament and spokesman for the digital economy, Carsten Ovens. According to him, the “Hamburg Coin” has above all a marketing character. So far, however, the ruling SPD has not heard anything about this proposal.

Iran: US authority wants to slow down use of crypto in Iran
The use of crypto currencies has recently become more and more popular for companies in Iran. The reason for this lies in the trade sanctions of the USA against the country. These should be avoided with the use of crypto currencies. But this should now be an end. As the US authority against financial crime, the Financial Crimes Enforcement Network (FinCEN), announced, the use of crypto currencies in Iran is classified as “illegitimate and malicious” and therefore wants to prevent it.

Hong Kong: New regulatory approach planned

The Hong Kong Securities and Futures Commission (SFC) would like to regulate crypto currencies more strongly in the jurisdiction. As chairman Carlson Tong Ka-shing revealed to the local media, the new regulation is intended to protect potential investors. However, this is not a policy of bans, as is the case in mainland China. Rather, one would like to design a well-regulated counter-model to the rest of the People’s Republic.

USA: Former CFTC chairman for ICO regulation as securities
Gary Gensler, former chairman of the US Commodity Futures Trading Commission (CFTC), has taken a stand on Initial Coin Offerings. Crypto currencies, which emerge from ICOs, were therefore generally considered securities in the USA. Basically, he is positive about crypto currencies and blockchain technology. However, he stresses the need for a regulatory framework for sustainable growth. In the past, Gensler had already classified Ether and XRP as securities.

Russia: Hackers in court over minings on government servers
A young Russian hacker was put on trial this week. He is accused of illegally mining crypto currencies. He is alleged to have used the computing power of servers operated by the Russian government for this purpose without permission. Local media report that the Russian domestic intelligence service FSB has become aware of the inconsistencies on Russian government servers. The 21-year-old hacker is now threatened with up to five years imprisonment.

USA: SEC sets up new department for dialogue with ICOs
The US Securities and Exchange Commission (SEC) has ordered the creation of a new department. The aim of this group is to improve coordination with crypto start-ups. In particular, it should make it easier for those who want to start an initial coin offering to comply with the legal framework. From now on, the Strategic Hub for Innovation and Financial Technology (FinHub) will act as a contact point for FinTech companies.

Japan: Tax committee to facilitate crypto taxation
The Japan Taxation Committee has discussed how to simplify the taxation of crypto currencies in the island state. Local media report that the current tax system is unnecessarily complex and discourages many Japanese citizens. The committee, which advises the government on tax issues, therefore wants to make it easier to include crypto currencies in tax returns. This would also create an even more crypto-friendly environment in Japan.