Financial Heavyweights and Lawmakers to Discuss Crypto Regulation

Financial Heavyweights and Lawmakers to Discuss Crypto Regulation

Legislating Certainty for Cryptocurrencies: a meeting that will be presided by Ohio Representative Warren Davidson is set to take place this week. The US legislator is working on a bill which is due to be introduced by fall this year. The bill, delving in digital assets, will be the very first in the country.

Industry leaders and companies have expressed the urgency to update conventional laws to accommodate cryptocurrency. They also desire to be provided with guidelines that are clear, and at the same time, concise.

Davidson’s aim for this bill is to forestall harsh regulations to help boost innovation and safeguard the integrity of ICOs. He will be asking attendees for expert opinions on how to oversee the crypto space. Queries on consumer protection will also be discussed.

Along with his fellow legislators, confirmed participants of the meeting will include Circle, Coinbase, and Ripple, and delegates from NASDAQ, Andreessen Horowitz, and Union Square Ventures.

ConsenSys lawyer and attendee, Patrick Berarducci articulates the importance of this Tuesday meeting:

There are a lot of regulators wanting to develop ‘do no harm’ policies to allow innovation to grow, just like they did in the internet era.

Patrick Berarducci, the Deputy General Counsel at ConsenSys and Co-Chair of The Brooklyn Project

The selected latest news on Nasaq you can find in the newsaggregatetor.

Related news

Ripple Price Analysis: XRP Buyers Target Fresh Weekly Highs

Ripple price tested the $0.3050 support level and later bounced back above $0.3120 against the US dollar. There was a break above a major bearish trend line with resistance at $0.3160 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair is currently placed nicely above $0.3160, but it must break the $0.3220 resistance for more gains. Ripple price started a decent recovery against the US Dollar and Bitcoin. XRP/USD is now facing a major hurdle near $0.3220 and the 100 hourly simple moving average. Ripple Price Analysis Recently, there was a sharp downside reaction below the $0.3100 support level in ripple price against the US Dollar. The XRP/USD pair declined below the $0.3080 support and tested the $0.3050 area. A new weekly low was formed at $0.3047 and later the price bounced back nicely. It climbed above the $0.3080, $0.3100 and $0.3130 resistance levels to move into a positive zone. There was even a break above the 76.4% Fib retracement level of the last drop from the $0.3217 high to $0.3047 low. Moreover, there was a break above a major bearish trend line with resistance at $0.3160 on the hourly chart of the XRP/USD pair. The pair retested the $0.3217 swing high and the 100 hourly simple moving average. However, there was no break above the $0.3220 resistance and the price is currently consolidating below the 100 hourly SMA. It seems like there could be a short term correction towards the $0.3160 or $0.3140 support levels. Later, the price may bounce back and attempt to surpass the $0.3220 barrier. The next stop for buyers could be near the $0.3320 level. It represents the 1.618 Fib extension level of the last drop from the $0.3217 high to $0.3047 low. Looking at the chart, ripple price is slowly moving into a positive zone above $0.3180. However, a clear break above the $0.3220 barrier is must for more gains in the near term. Technical Indicators Hourly MACD – The MACD for XRP/USD is slowly moving into the bearish zone. Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is currently well above the 50 level. Major Support Level – $0.3140 Major Resistance Level – $0.3220 Ripple Price Analysis: XRP Buyers Target Fresh Weekly Highs was last modified: January 23rd, 2019 by Aayush JindalThe post Ripple Price Analysis: XRP Buyers Target Fresh Weekly Highs appeared first on NewsBTC.
NewsBTC/analysis

USA Space Agency NASA is Exploring Blockchain Solutions to Manage Air Traffic and Security

One of the biggest players that are leveraging the blockchain technology is US space agency NASA in order to curb the cyber attacks in aerospace agents. And now, the agency is considering using the benefits of blockchain technology to control air traffics. NASA engineer Ronald Reisman and the agency believes blockchain technology could be used to put a stop to the spoofing and the denial of the service attacks that are present in the American air-traffic control systems. Earlier this month, United States National Aeronautics and Space Administration (NASA) proposed a paper on “Air Traffic Management Blockchain Infrastructure for Security, Authentication, and Privacy.” Blockchain For Security, Authentication, & Privacy Of Air Traffic The official paper notes, “The design innovation is the use of an open source permissioned blockchain framework to enable aircraft privacy and anonymity while providing a secure and efficient method for communication with Air Traffic Services, Operations Support, or other authorized entities.” The paper further talks about what it constitutes, “This framework features certificate authority, smart contract support, and higher-bandwidth communication channels for private information that may be used for secure communication between any specific aircraft and any particular authorized member, sharing data in accordance with the terms specified in the form of smart contracts.” Aviation Blockchain Infrastructure For Communication Talking about the national adoption of Automatic Dependent Surveillance-Broadcast (ADS-B), that is mandated by the FAA system by 2020, Reisman writes, the system is at risk of privacy, anonymity, authentication, and resistance to malicious interference, including spoofing and/or denial of service attacks. However, the blockchain prototype has the design and method to mitigate these security risks. Hence, NASA is reportedly planning to use the open-sourced permissioned blockchain framework to fix these vulnerabilities. The proposed ABI, “Aviation Blockchain Infrastructure” is a design that enables aircraft to communicate privately, securely, and effectively with air traffic management along with other authorized entities. The blockchain infrastructure could help them secure and improve communication and minimize the risks. However, now, the next steps in the process are the development and demonstration of ADS-B modification that satisfies the privacy concerns of military and corporate stakeholders. So, it remains to be seen if it will integrate blockchain technology into their (ADS-B) system to track air traffic.
Bitcoin Exchange Guide

Hot news

By continuing to browse, you agree to the use of cookies. Read Privacy Policy to know more or withdraw your consent.