Blockchain and the Classroom — How DLT Can Improve Education

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Nasdaq Lists AI-Powered Crypto Index for Top 100 Coins

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If you are on a personal connection, like at home, you can run an anti-virus scan on your device to make sure it is not infected with malware.

If you are at an office or shared network, you can ask the network administrator to run a scan across the network looking for misconfigured or infected devices.

MaGIC with MBA has Launched Blockchain Researcher Lab Program in Malaysia

MaGIC with MBA has Launched Blockchain Researcher Lab Program in Malaysia

MaGIC in collaboration with Malaysia Blockchain Association has launched a new program for Blockchain enthusiasts who wants to learn the component of the technology from basic layer to the application layer. The objective of the program is to spread awareness and knowledge on applying blockchain technology into business component.

Dato Rayson Wong, Chairman of the Malaysian Blockchain Association , delivered a speech at the launching ceremony of the Blockchain Researcher Lab. He said that the development of the blockchain  requires the government’s strong support and promotion to succeed, so he is especially grateful to the Malaysian Entrepreneur Development Minister (MED). ) YB Datuk Seri Mohd Yusof Md Redzuan  traction, contributed to the MaGIC Malaysian global innovation and creativity Center jointly launched the scheme, so that Malaysia played a key role in the block chain economy, promote the development of industry 4.0.

The highlight of this program is its Exploration Lab, where participants or researchers are allowed to play around with different cryptography algorithm, consensus mechanism and even run their blockchain solution.

TriveAcademy founder Tan Ji-Sheng   explained the main purpose of the blockchain researcher lab program, hoping to cultivate more blockchain professionals, while also allowing more small and medium-sized enterprises and innovation teams to better understand the blockchain and embrace the blockchain. And the blockchain technology will be incorporated into the application and create more value gains.

Companies are taking notice of these business benefits and embracing blockchain technology for its wide-reaching possibilities. From manufacturing to healthcare to supply chain and beyond, blockchain has much to offer. Therefore, they encouraged many industries to come and have the hands-on of the technology which will be exposed by expert only.

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About MaGIC

At MaGIC , we believe in inspiring movement. Our mission is to build a Sustainable Entrepreneurship Ecosystem by catalysing Innovation & Creativity for driving Long – term nation impact.

About Malaysia Blockchain Association

Malaysian Blockchain Association [MBA] is an international Non-Profit social enterprise established with a global vision to build a sustainable blockchain community through Malaysia cooperation

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Asia is Establishing Itself as a Cryptocurrency Marketforce Super Power

Asia is Establishing Itself as a Cryptocurrency Marketforce Super Power

Whilst it’s true that the United States is the single largest country in terms of exchange-based purchasing volume, China has surged past them in terms of over-the-counter (OTC) Bitcoin and Tether trading volume. Ignoring Asia as one of the frontlines of crypto is no longer viable. According to Bloomberg, the continent accounts for nearly 90 percent of cryptocurrency futures and options traded, October 14, 2019.

China and Stablecoins

Earlier this year it was revealed that stablecoin Tether (USDT)- not Bitcoin – is the most traded and utilized cryptocurrency in the world and a majority of this volume came from China.

China’s love for stablecoins stems from the authoritarian regime that is currently in charge of the country. Capital flow restrictions and stringently imposed reporting have stopped citizens of the country from removing a large portion of their wealth from the country.

With the emergence of stablecoins, the Chinese have been able to bypass these restrictions with ease and peace of mind.

Chainalysis’ chief economist, Phillip Gradwell, believes investors should pay close attention to price formation in Asian countries – especially China. The amount of liquidity accruing at these avenues and the sheer size of OTC trades will be incredibly vital data points to understand how the market is shaping up.

Binance has just launched P2P payment remittances through certain channels and unofficial trading via WeChat has been the defacto standard of exchange for over a year now.

China is setting the stage; it just isn’t visible because it isn’t done through a formal cryptocurrency exchange.

Derivatives in Asia

Asian market participants are known for their fascination with derivatives. It’s just that they haven’t toyed with them and created as many innovative structures as the Western financial world has.

CME predicts that Asia will turn out to be the largest market for its Bitcoin options launch. Options allow for a much more robust risk management and hedging set up, and most major miners are based on the continent.

In general, Asia is shaping up to be a crypto force to be reckoned with. With the exception of a few countries like India and Bangladesh, Eastern governments have been far more perceptive with regard to virtual currencies. It makes sense because they have the least to lose and most to gain if the global financial system morphs into an equitable structure.

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Libra is ‘Catalytic Event’ for Central Banks, Says Head of Sweden’s Riksbank

The Libra cryptocurrency payments project is shaking up central banking, according to the head of Sweden’s central bank.

Speaking on CNBC’s “Squawk Box Europe,” Riksbank governor Stefan Ingves said the Facebook-led project has been an “incredibly important catalytic event” forcing central bankers to reconsider their primary product: money.

Ingves said the Riksbank – which is working toward piloting an e-krona in the near future – has had to reconsider its own development in light of private currency alternatives. The development of a new kind of currency is a near-unprecedented event, happening only once every few centuries, he added.

“Part of my job is to produce a good/service called the Swedish krona which is convenient to use for Swedish citizens, and if I’m good at that in a technical sense then I don’t have a problem,” Ingves told CNBC, “But if I were to start issuing 20-kilo copper coins the way we did in 1668, then we soon would be out of business.”

Ingves cautioned, though, that most private sector money initiatives “have collapsed sooner or later.”

The Libra Association gathered in Geneva, Switzerland Monday to sign a formal charter among its now 21 initial members. Last week, multiple money providers such as Visa and MasterCard dropped out of the project after pressure from U.S. lawmakers.

Stefan Ingves image courtesy of Riksbank

豪威测试:SEC悬在加密企业头上的达摩克利斯之剑

SEC再次对相关加密企业动手了,而这一次枪口对准的是Telegram,10月11日,SEC宣布对Telegram旗下TON 1CO的两家离岸实体提起“紧急行动并获得临时限制令”,而此时距离TON主网上线不足20天。

SEC以TON网络代币符合豪威测试为由,认为其代币Gram构成投资合同,属于证券,Telegram涉嫌发售未注册证券而被叫停。此次“豪威测试”再次被搬到台前,证券、商品还是货币?傻傻分不清楚。


 

豪威测试是什么?

 

豪威测试(Howey Test)是1946年颁布的条例,该法律目前决定加密货币是否应该作为一种证券而进行监管。也就是说只要满足豪威测试的条件,则企业发行的相关资产就会被判定为证券。

豪威测试是判定某一金融工具是否为“投资合同”进而构成“证券”的有效手段,它包含了四要素:(1)资本投入;(2)投资于一个共同事业;(3)期待获取利润;(4)不直接参与经营,仅仅凭借发起人或第三方的努力。

此次SEC认为Telegram发行的Gram满足上述条件,即认定该代币发行和销售未依照证券法进行注册,所以紧急叫停。

 

屡试不爽,豪威测试成追责利刃

 

2017年,随着以太坊的崛起,1CO成为了一股热潮。众多的加密企业依靠其为自身融资。由于其复杂性,SEC也接连采取措施来制约这一行为。

首先,SEC规定1CO要在SEC登记为证券。

美国联邦《证券法》第5条(a)和第5条(c)规定,禁止任何人直接或间接地通过在州际商务或邮件中使用任何手段或工具来销售或发行证券,除非在SEC注册生效,或有资格豁免注册。

在1CO官网中,SEC也提到“1CO可以以证券发行的方式进行,但要受美国SEC执行联邦证券法的管辖。”

同样,SEC为维护这一规定,接连以违反证券法为由起诉了相关非法证券发行主体。

2018年10月,SEC起诉 Blockvest LLC及其三位联合创始人。SEC称,Blockvest向1CO投资者声称该公司已向SEC提出“注册”申请,并且已经取得SEC和其他监管机构的“批准”,实际上其并未在SEC注册,属于非法证券。其代币也最终被法院认定为非法证券。

美国时间9月30日,美国证券交易委员会宣布与区块链技术公司Block.one(EOS母公司)进行和解。SEC此前指控其进行未经注册的数字代币(1CO)首次发行,在大约一年的时间内筹集了相当于数十亿美元的资金。目前,该公司同意通过支付2400万美元的民事罚款来解决这些指控。

同时,区块链公司SimplyVital、1CO发行公司PlexCorps等均因非法证券发行而被SEC起诉,但最终缴纳罚款后与SEC和解。在关于这一问题的争议上,SEC总是占据了上风。

但是也出现了与SEC抗争到底的公司主体,不惜代价证明自己的代币不是证券。

Kik是一款即时通讯服务的免费应用程序,总部位于加拿大。其母公司在2017年进行过1CO,靠原生代币kin融资金额达到9800万美元。之后也受到了SEC的非法证券发行指控。

为与SEC抗争,Kin基金会甚至推出了Defend Crypto基金,力求与SEC抗争到底,直到将公司逼入破产境地,并要求其对加密货币进行新的豪威测试(Howey Test),以便对加密领域进行更好的监管。

但是持续与SEC的纠缠,已使该公司付出超过500万加元的费用,目前也爆出公司Kik宣布将关闭应用程序,并裁员至19人,币价也接近归零。

 

TON该怎样做?和解还是抗争

 

Telegram在给投资者的一封信中表示,不认同SEC诉讼,正评估是否需要推迟发布TON。

不同于SEC对EOS的事后监管,Telegram主网即将上线前被SEC叫停,无论是和解还是抗争均需要付出比EOS更大的代价。

据CNBC主持人Ran Neuner消息,Telegram投资者已经被告知并征求意见,询问是否接受TON代币Gram延期一年发放。如果同意延期的私募投资者没有超过半数,那么TON就需要在10月31日退款。同时Telegram在尝试与SEC和解。

据统计,Telegram如果能够和解,Telegram需要向SEC支付1020万美元。同时意味着其代币必须依法注册为证券,并只能在受SEC监管的合规交易所才能够交易,但这也会极大的限制TON的发展。

如若执意上线,则项目必定会与SEC纠缠不断,无论从什么角度看都会损害多方的利益。

而争执的根本点在于Gram是不是证券,也就是说其是否符合“豪威测试”。

 

新版本“豪威测试”出炉迫在眉睫

 

SEC在合规的措施上抓的越来越严,但是也暴露出了旧法律面对新事物时的巨大缺陷,模糊不清,难以定义。

拿Kin来说,因为其涉及1CO融资,其中还包括一个在发行初期功能不健全的生态系统代币,这是对豪威测试的挑战。但是对Kik来说重点不在于是否通过豪威测试,而是证明豪威测试并不是正确的方法。

如在豪威测试中“期待利润”一项上,SEC并不能拿出直接证据证明投资者的购买意图是由获利驱动,这也就造成了案件的复杂性。

加密公司Circle曾发推称:“我们一直在呼吁监管的明确性,以促进加密技术在美国的蓬勃发展。幸运的是,在这场斗争中,我们并不孤单。Circle 及 Poloniex 支持并赞赏 Kin 基金会保护加密技术的努力。我们正处在行业的关键时刻,美国有被甩在后面的风险,企业家不应该被迫在其他地方进行创新。立法者应停止将 20 世纪制定的法律应用于 21 世纪创造的技术。”

SEC企业融资部门主管Bill Hinman曾表示,判断代币是否为证券的关键因素是项目的去中心化程度。SEC主席Jay Clayton也证实,在美国的法律中,像以太坊(ETH)及其他类似的加密货币不属于证券。

但是现实情况下,能达到比特币、以太坊那种去中心化程度的项目仍是少之又少、鉴定标准还是模糊不清,SEC主席也提到过加密货币不是股票和债券,所以加密货币自然不能用证券法的规定来治理。

评级机构韦氏评级(Weiss Ratings)的加密货币评级服务Weiss Crypto Ratings发推称,“币安最近发布了一份报告,列举了超过120个BNB的用例,以证明BNB确实是一种实用性代币(utility token)。这很有趣,币安声称其代币不是一种证券,但显然它就是。监管机构也会这么看,并采取相应行动。”

而这也可能使平台币陷入了“不要你觉得,而要我觉得”的地步,被监管部门盯上的后果是什么大家也可想而知。


所以在清晰的加密货币相关法规出台之前,“豪威测试”在目前仍是高悬在所有加密企业头上的达摩克利斯之剑。

它不能解决问题,但却招招致命!

Large Investors’ Interest in Bitcoin Futures Is Growing, Says CME

The CME Group, a Chicago-based exchange operator that’s been offering bitcoin futures contracts since December of 2017, has revealed big investors are gaining interest in the product.

According to CoinDesk, the exchange revealed through a statement that the number of open contracts is up 61% since last year thanks to growing demand from intuitional investors. The number of outstanding positions rose to 4,629 contracts from 2,873 in the third quarter of last year.

This despite a significant drop in the price of bitcoin this quarter, as the flagship cryptocurrency is currently trading at around $8,300, down from a $13,800 peak this year. The average daily volume of contracts traded this quarter was of 5,534, or the equivalent of 27,670 bitcoin – $around $290 million.

CME added the volume is up 10% from the same period last year, and that institutional flow has been remaining strong.

Institutional flow remained strong, with 454 new accounts added, compared with 231 added in the third quarter of 2018.

The exchange reportedly further added that its investors holding more than 25 bitcoin, equivalent to around $200,000, rose to 47 from 45 in the second quarter of the year, and from 34 in Q3 of last year.

Around 50% of the trading volumes CME’s bitcoin futures contracts have been getting comes from outside the United States, with 26% being from Asia and 21% from Europe and the Middle East.

At the time CME launched its bitcoin futures contracts so did Cboe, another regulated exchange that suspended its BTC offering in March of this year. Presumably it dropped the offering because of low trading volumes.

The exchange now faces competition from Bakkt, however, the Intercontinental Exchange’s crypto venture that launched earlier this year. It offers physically-settled bitcoin futures contracts and has been seeing its trading volumes grow.

Featured image via Pixabay.

Bitcoin Price Flat at $8.3K as Moving Averages Indicators Flip Bearish

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Around The Block With Jeff And Dave – October 15, 2019

Around The Block With Jeff And Dave – October 15, 2019

In this episode we discuss the IRS demand of citizens to reveal their bitcoin holdings. Are IRS Audits coming?

We also discuss the failing Facebook Libra as Visa, MC and others are all leaving the project – and special guest Robert of Eterbase is discussing how to better protect yourself online.

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Wales to Develop Local Cryptocurrency to Underpin Mutual Credit System

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