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Government Blockchain Association (GBA) announces the first release of “The Impact of Cryptocurrency Adoption on Government”

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Washington, DC – April 25, 2021: Tax Working Group of the Government Blockchain Association (GBA) today announced the first release of “The Impact of Cryptocurrency Adoption on Government.” This study, developed by an international panel of government and private sector experts, examines the adoption of cryptocurrency around the world and determines the impact it may have on governments. The study is intended to provide public and private sector leaders with the information needed to understand cryptocurrency trends and recommend potential courses of action.

While the world is navigating uncharted waters as the global pandemic introduces many challenges to national economies, governments are especially vulnerable to the changing tides that threaten established norms. The very definition of money itself is changing.  As in many times of crises, there are opportunities to explore new ways of doing things that end up improving people’s lives.  

“We are witnessing a rapidly growing phenomenon in the world of cryptocurrencies, as it is trending toward total market capitalization of the world’s largest technology companies. If this trend continues, there is no doubt that the future of money, governance, and the law will change forever,” says Mark Montoya, Chief Data Officer at the Government Blockchain Association.

But what will this mean for governments?

” To understand this phenomenon, we need to start asking questions about cryptocurrency. If the cryptocurrency trend persists over the next ten years, what is the impact on the global financial system? If significant transactions bypass traditional financial institutions, how will governments manage their economies and enforce their laws? Will cryptocurrency complement the payment systems, compete with them, or even replace them?” says Ksenija Cipek, Head of Tax Risk Analysis at the Ministry of Finance of Croatia.

  • Background and Research Approach. The study discusses the impact of cryptocurrency adoption on the following areas of government: regulation, ethics, privacy, jurisdictions, economy, enforcement, and taxation.
  • Trends in Adoption of Cryptocurrency and Government Impacts. Governments have embarked on many different initiatives ranging from Central Bank Digital Currency (CBDC) development projects to authorizing cryptocurrency custodial services for banks and drafting new cryptocurrency regulations. This study shows how and in what ways the evolution impacts government and the broader public sector, region by region, country by country.

To download the report, please visit www.GBAglobal.org/cmp.

About GBA: The Government Blockchain Association (GBA) is an international professional association focused on blockchain-related technologies, opportunities, and challenges in the public sector. GBA cultivates professional workflows between technologists, public policymakers, financial and legal communities and acts as a catalyst in creating a public dialogue around the creative, profitable, and positive use of blockchain technology. For more information, please visit www.gbaglobal.org.

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Blockchain

AllianceBlock Announces Decentralized Capital Market on Edgeware with Defi-NFT Approach

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[PR – Utrecht, The Netherlands, May 14, 2021]

AllianceBlock has announced it will launch a decentralized capital market on the Edgeware smart contract platform. The protocol brings unprecedented tooling to the Substrate-based Wasm contract palette, including NFT contract standards, Defi and DAO primitives to their peer-to-peer market, further empowering collectives and individuals to lend and fund across the network.

In the longer term, AllianceBlock is positioned to bridge traditional finance and defi through globally compliant platforms and tools – interoperating with the latest in digital organization and governance and their team’s background across both financial paradigms, including CEO Rachid Ajaja, previously at Barclays and the VINCI smart cities project:

Edgeware’s vision of building a community owned, decentralized platform with a focus on on-chain governance is perfectly in line with our own. We are seeking to build a new financial infrastructure that takes advantage of innovative technology, and Edgeware’s community treasury, facilities for DAOs, and bridging of digital and physical entities are important parts of linking DeFi with traditional finance.

We are excited to be integrating our products into Edgeware, and look forward to collaborating more moving forward.

Edgeware is currently the oldest and few of the mainnet Polkadot ecosystem smart contract platforms, enabling teams like AllianceBlock to fully test and deploy on variety of development and mainnet Substrate chains.The value alignment and technical foundation, including the opportunity to model best practices off the chain’s own governance, has made deployment on Edgeware a quick and effective launch.

Look forward to a launch AMA in the Edgeware and AllianceBlock community forums in the next few weeks.

About AllianceBlock

AllianceBlock is creating a protocol that will bridge DeFi and traditional finance (TradFi) to bring the benefits of both areas to one another and create the first decentralized capital market.

The AllianceBlock Protocol is designed to reflect how traditional finance would be built today with current technology. It incorporates new technology such as DeFi in a TradFi friendly manner, ultimately allowing us to facilitate services required by both spaces.

Long term, the decentralized blockchain-agnostic Layer 2 AllianceBlock Protocol will provide a secure and regulatory compliant gateway for billions of dollars present in TradFi to flow towards DeFi and enable DeFi platforms and protocols to be used by a much greater audience. In doing so, we will unlock DeFi for the world.

About Edgeware

Edgeware is a community-owned, fairly distributed, self-sustainable blockchain ecosystem built on Substrate with on-chain governance and a collectively managed treasury, enabling users to fund the chain’s development and teams to build projects.

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Coinsmart. Beste Bitcoin-Börse in Europa
Source: https://cryptopotato.com/allianceblock-announces-decentralized-capital-market-on-edgeware-with-defi-nft-approach/

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CryptoTycoon will launch its IDO from May 20th to 25th

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On May 15th, according to official news, the DeFi light game platform CryptoTycoon based on Binance Smart Chain (BSC) will launch its IDO, IFO, IIO on JulSwap, BurgerSwap, DODO, MantraDAO and Helmet from May 20th to 25th.

Among these platforms, JulSwap and DODO will be carried out in the form of IDO, BurgerSwap will be carried out in the form of IFO, Helmet will be carried out in the form of IIO, and MantraDAO will be carried out through Zendit LaunchPad.

According to the official data, 4% of CryptoTycoon’s total supply CTT will be released through decentralized exchanges(IDO) and centralized exchange(IEO), and the rest of early invested CTT tokens will be released to participants in the institutional fundraising round and community fundraising round, which will be unlocked fully in 2022 June. Therefore, the release from multiple launchpads is expected to be the main source of CTT circulation in the market for the next period of time.

Furthermore, the official also wants to remind users that due to the different schedules and rules/policies of each platform, the ways to participate and purchase hard cap for users will also be different. The exact launch time is scheduled from May 20th to 25th. Both CoinMarketcap and CryptoTycoon Medium have all showed detailed participation information with live updates.

In the meanwhile, there are similarly named CTT assets on BSC, so the official recommendation is that everyone trades through JulSwap, BurgerSwap, DODO and PancakeSwap after CTT is officially in circulation on 25th, in case users encounter fake/scam projects.

Coinsmart. Beste Bitcoin-Börse in Europa
Source: https://bitcoinist.com/cryptotycoon-will-launch-its-ido-from-may-20th-to-25th/?utm_source=rss&utm_medium=rss&utm_campaign=cryptotycoon-will-launch-its-ido-from-may-20th-to-25th

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Blockchain

Ethereum Classic Price Analysis: 14 May

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Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be taken as investment advice

Ethereum Classic’s [ETC] price has been following the trends of the Ethereum [ETH] market. This resulted in the value of ETC surging by 24% within four hours, at press time. What’s more, this surge pushed the value of the digital asset from $88.36 to $110.19.

With Ethereum Classic holding steady around the $110-zone, it would seem that the altcoin was in extremely bullish territory.

Ethereum Classic hourly chart

Source: ETCUSD on TradingView

Ethereum Classic’s price had been pushed under the support level at $89.83, however, the latest surge helped the price recover from this plunge. This sudden shift in price trend also contributed to more volatility in the market.

Such steady support from the market has made it difficult to predict the short-term movement of ETC.

Reasoning

Ethereum Classic’s attached hourly chart pictured the long downtrend noted by the digital asset. However, at the end of this long descent, ETC’s price surged and catalyzed the low volatility. As the Bollinger Bands diverged and confirmed the rise in price action, the market was filled with buyers.

The Relative Strength Index underlined the rising buying pressure as the indicator shot up from the oversold zone. The RSI suggested that the asset had remained in the oversold zone under 30 for a while, with the buyers taking the opportunity to long the coin. As the price started climbing, the market became saturated with buyers.

Meanwhile, the Awesome Oscillator highlighted bullish momentum, with its histogram suggesting that this trend might be here to stay.

Conclusion

Ethereum Classic’s market noted a trend reversal as the alt’s price turned on its head. This change in momentum resulted in the market getting saturated with buyers. With the price moving towards the resistance level at $110.19, long traders might soon be making a profit.


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Coinsmart. Beste Bitcoin-Börse in Europa
Source: https://ambcrypto.com/ethereum-classic-price-analysis-14-may

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