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Press Release: Blockchain conference in Malta to feature government representatives

Press Release: Blockchain conference in Malta to feature government representatives
Blockchain & Bitcoin Conference Malta to discuss cryptocurrency regulation and national blockchain policy On December 7, Malta (St Julian’s) will feature Blockchain & Bitcoin Conference, an event on blockchain and cryptocurrencies, organized by Smile-Expo. Representatives of business, government and financial sector will discuss key issues of the blockchain industry, including the national blockchain strategy The popularity of blockchain and cryptocurrencies in the world is growing. Early December, the rate of bitcoin exceeded $11 000; large stock exchanges in New York and Chicago introduce bitcoin futures; various countries draft bills adopting or restricting the new technologies. Traditionally, Malta is called one of the top five countries most open to bitcoin. Blockchain in Malta: towards new technology In December, the Financial Services Agency (MFSA) published a document on ICO, cryptocurrencies and operation companies associated with them. Its results will affect the vector of state policy. At the beginning of the year, Malta's Prime Minister, Joseph Muscat, said that Europe should become a “bitcoin continent”, and Malta could turn into a European analogue of the “Silicon Valley”, the center for the new technologies development. Cryptocurrency and the blockchain are also whole-heartedly approved by other members of the Maltese government. Among them are Silvio Schembri, Malta’s Parliamentary Secretary for Digital Economy, and Joseph Cuschieri, Executive Chairman of the Malta Gaming Authority (MGA). Silvio Schembri will participate in Blockchain & Bitcoin Conference Malta. He will talk about the country's blockchain strategy: how the government plans to turn Malta into an advanced blockchain country. Main topics of the conference and key speakers In addition to Silvio Schembri, the conference will be attended by other influential figures of the Maltese blockchain community. For instance, Steve Tendon, Senior Fintech and Blockchain Advisor at Quantum Financial Analytics; well-known Maltese lawyers Max Ganado and Leonard Bonello; Loui Mercieca, Chief Software Architect at Agilis, participant of the government blockchain projects. The conference will also feature the reports of founders and managers of well-known blockchain companies from around the world: Gregory Klumov (USA), Abdalla Kablan (UK), Ivan Petuhovsky (Spain), Max Krupyshev (Germany). Expert will focus on the discussion of:
  • blockchain in the global economy: history of development and trends;
  • ICO and investment in tokens;
  • legal regulation of the cryptocurrency, ICO, blockchain developments;
  • blockchain-based solutions, practical advice on the development.
During the conference there will be also a panel discussion dedicated to “Legal and Regulatory Challenges in Blockchain”, involving leading lawyers of Malta. Exhibition area In addition to speakers’ reports, conference attendees will enjoy an exhibition area demonstrating blockchain products. All participants of the conference will also be able to communicate there with exhibitors and sponsors of the event. These are teams of prospective startups and developers of advanced equipment for the industry. Betconstruct is a sponsor of the event. The provider of solutions for gambling and the developer of a single blockchain platform BetConstruct Spring. CREDITS is a platform with the implementation of blockchain and smart contracts having unprecedented transaction speed. Health Monitor is a manufacturer of monitors for diagnosis of internal organs. The equipment of the company will be presented at their stand. Gimmer is a service for automatic “smart” crypto trading. Using the service, experienced traders will be able to set up trading bots and earn money on cryptocurrency without wasting time. All exhibitors will report within a pitch session and talk about their projects in the format of short presentations. The organizer of the event is the international event company Smile-Expo. In 2017, the company organized 15 conferences of the “Blockchain & Bitcoin Conference” network in different countries of the world, and in 2018, more than 20 conferences are planned to be held.

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As it grows, how much ground will XRP cover next year?

As it grows, how much ground will XRP cover next year?

Quick take

1 minute read

  • Is 2021 XRP’s year?
  • How adoption will result in the success of the token.

Timothy Peterson, the well-known advocate for bitcoin and manager of global macro, believes that the San Francisco-based XRP token will have its best year in 2021 since 2017. 

As previously reported earlier this week, Peterson has recently said:

“I know it doesn’t look like much but this is $XRP lowest price forward. I think people will be surprised at $Ripple’s performance in 2021. It will probably have its best year since 2017 and maybe outperform #Bitcoin.”

As many people will already be aware, the success for ripple and its token will all depend on adoption by financial institutions. They have developed numerous new products such as rippleX in order to help facilitate a seamless transaction on the decentralised ecosystem for the network. But for the tokens targeted market, only 2% of financial institutions are actually willing to use it.

The Chief Technical Officer of Ripple, David Schwartz has previously said that there are numerous obstacles that prevent adoption for the token some of which include problems with regulation. That being said, well-known traders and investors at Galaxy trading have said that the asset is proven to be resilient.

“Although it is perhaps one of the most disliked projects, it has more than once shown its aggressive nature at a time when no one is expecting it.”

They see that the coin is capable of sparking by 10 times its current price as they say:

“We believe that this moment is very close and since catching the exact bottom is something very unpredictable, our advice to all who want to invest is to start buying at these “golden” levels of support where 10X can become a reality.”

For more news on this and other crypto updates, keep it with CryptoDaily!

© 2020 CryptoDaily All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

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The benefits of Ethereum 2.0 will come sooner rather than later according to Vitalik Buterin

The benefits of Ethereum 2.0 will come sooner rather than later according to Vitalik Buterin

Quick take

1 minute read

  • Vitalik Buterin, has recently answered a number of questions from the community as a part of a “ask me anything“ session on Reddit. 
  • The co-founder highlighted many different topics but specifically said that he expects some significant and noticeable network improvements to come for the project sooner rather than later. 

Vitalik Buterin, the co-founder of one of the biggest crypto projects in the industry known as Ethereum has recently answered a number of questions from the community as a part of a “ask me anything“ session on Reddit. The co-founder highlighted many different topics but specifically said that he expects some significant and noticeable network improvements to come for the project sooner rather than later. He further said:

“TLDR: merge happens faster, PoS happens faster, you get your juicy 100k TPS faster.”

Over the years, the network for Ethereum has experienced some significant rounds of high congestion. Three years ago in 2017, the popular CryptoKitties game slowed down the network massively but with the decentralised finance space growing rapidly, the network has been seriously clogged up.

As a result of this, it has led to high fees and longer than average confirmation times.

With Ethereum 2.0 very much just around the corner, there is a significant scaling upgrade solution that is supposedly going to speed up the network rapidly. This will increase the number of transactions per second and it will also move the blockchain to a different consensus algorithm known as a proof of stake. Phase 0 for the upgrade is set to occur on the 1st of December in two weeks!

The co-founder further went on to say that “all of these changes are designed to decrease the time until eth2 becomes useful to people.” 

For more news on this and other crypto updates, keep it with CryptoDaily!

© 2020 CryptoDaily All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

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The second richest man in Mexico invest 10% of his portfolio into BTC

The second richest man in Mexico invest 10% of his portfolio into BTC

Quick take

1 minute read

  • Ricardo Salinas Pliego is the second wealthiest businessman in Mexico and the 166th richest man in the world. 
  • It was recently announced last week that he has invested 10% of his liquid portfolio into the leading cryptocurrency, bitcoin. 

Ricardo Salinas Pliego is the second wealthiest businessman in Mexico and the 166th richest man in the world. It was recently announced last week that he has invested 10% of his liquid portfolio into the leading cryptocurrency, bitcoin. This came after he shared a video throwing huge amounts of paper money into the garbage. Not only does it show how worthless the government-issued cash is in today’s world but it also shows how important digital assets such as bitcoin could become.

Furthermore, the video indicates the hyperinflation and how bad it got in Venezuela.

Ricardo is worth more than $11 billion at the time of writing and is the only billionaire from Mexico who seems to have benefited from the coronavirus pandemic and the economic crisis that has come as a result.

For more news on this and other crypto updates, keep it with CryptoDaily!

© 2020 CryptoDaily All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

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Coinbase co-founder, Fred Ehrsam set to join Fireblocks as a member of the board

Coinbase co-founder, Fred Ehrsam set to join Fireblocks as a member of the board

Quick Take

1 minute read

  • Fred Ehrsam, the co-founder of the crypto platform known as Coinbase is getting ready to join the digital asset security platform Fireblocks. 
  • It was announced last week that Fred would be joining the board following a recent round of funding.

Fred Ehrsam, the co-founder of the crypto platform known as Coinbase is getting ready to join the digital asset security platform Fireblocks. It was announced last week that Fred would be joining the board following a recent round of funding.

The co-founder of the well-known crypto platform is getting ready to join the company as a board member following a $30 million funding ground to help expand its operations on an international level.

Throughout 2020, Fireblocks has launched a secure asset transfer network which would allow more institutions to efficiently transfer assets on chain. And on top of this, the platform also announced that it has seen more than $150 billion in transferred assets over the course of the past year. Fred has said:

“Fireblocks has become the go-to for any business looking to build new digital asset operations or scale existing ones… The extraordinary growth of the Fireblocks Network and its team in the last year attests to the enormous value they have unlocked for enterprise and institutional customers.”

 

For more news on this and other crypto updates, keep it with CryptoDaily!

© 2020 CryptoDaily All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

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