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| November 15, 2018

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Former Nazi SS camp guard, 94, faces trial in Germany

November 6, 2018 |

MUENSTER, Germany — A former SS guard at the Nazis’ Stutthof concentration camp is going on trial in Germany on charges of being an accessory to murder.
FOX News

CNN

Former nurse admits killing 100 patients

October 31, 2018 |

A German former nurse on Tuesday admitted murdering 100 patients, making him one of the country’s deadliest post-war serial killers.
CNN.com – RSS Channel – World

Former Russian Economics Minister Sees Huge Potential for Cryptocurrency

October 23, 2018 |

Former Russian Economics Minister Sees "Huge" Potential for Crypto

Herman Gref, the former Russian minister of economics and trade and the current CEO of Russia’s largest bank, Sberbank, recently articulated his expectation that cryptocurrency will have a profoundly transformative effect upon society in coming decades. Despite his longer-term outlook, Gref also expressed his belief that cryptocurrency and distributed ledger technology still needs up to five years to mature.

Also Read: Russian Lawmakers Drop ‘Mining’ References in Digital Assets Bill

Sberbank CEO Believes Nation States Will Seek to Limit Crypto

Former Russian Minister of Economics Sees “Huge” Potential for CryptoWhile speaking at the Finopolis forum on innovative financial technologies, Gref expressed his expectation that nation states will seek to restrict the influence of cryptocurrencies in the near term, stating: “Do I see a great future in cryptocurrency? Not yet seen, the state will not give up its centralized role, will not allow cryptocurrency.”

Despite emphasizing his doubt that national governments will soon embrace crypto, Gref expressed optimism regarding the longer term outlook for cryptocurrencies, stating: “I’m optimistic about 10 years. Maybe 10 years will be visible beyond the horizon, but so far it’s not likely that any state is ready to part with the centralized money supply model.”

Gref also stated that he is in favor of “a distributed model [regarding] money supply,” adding: “maybe [cryptocurrency] would be the right model.”

Gref Describes Cryptocurrencies’ Potential as “Huge”

The former economics minister argued that the technology underpinning cryptocurrencies still needs up to five years in order to develop, stating “The technology is not ready now. When will it be ready? In my opinion, three to five years. If you ask me in five years, maybe I can say something more distinct about its place, but the potential is huge.”

Former Russian Economics Minister Sees “Huge” Potential for CryptoExpanding on his expectations for the potentiality of crypto, Gref predicted that once the technology has matured, cryptocurrencies will have a transformative effect upon “business and society.”

“Improving technology will give a huge value for business and society. Now the hype has ended and a more balanced consideration and evaluation of this technology has begun. We are developing and are experimenting with technology. I see that, in particular, in the financial sector and in public administration this technology has great prospects,” he stated.

Gref also argued that a cooling of the speculative frenzy recently surrounding the crypto markets is a positive signal for the fundamental development of cryptocurrencies, stating: “It is important between the murder and the rise of speculation to find the golden mean, which will allow you to quietly develop the technology.”

What is your response to Gref’s outlook regarding crypto? Share your thoughts in the comments section below!


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At Bitcoin.com there’s a bunch of free helpful services. For instance, have you seen our Tools page? You can even lookup the exchange rate for a transaction in the past. Or calculate the value of your current holdings. Or create a paper wallet. And much more.

The post Former Russian Economics Minister Sees Huge Potential for Cryptocurrency appeared first on Bitcoin News.

Bitcoin News

Former CFTC Chair Advocates ‘Technology Neutral’ Cryptocurrency Regulations

October 18, 2018 |

Former CFTC Chair Advocates "Technology Neutral" Regulations

The former chairman of the United States Commodity Futures Trading Commission (CFTC), Gary Gensler, recently expressed his views on the regulation of cryptocurrency markets. Gensler emphasized his belief in the need for robust consumer protections, and also argued that the majority of initial coin offerings essentially comprise initial public offerings (IPOs).

Also Read: Two US States Issue Cease and Desist Orders Against Five ICO Issuers

Gensler: Regulators Must Promote Innovation

Gensler has spoken of the need for regulators to adopt a “technology neutral” stance in order to “promote innovation” across the cryptocurrency and distributed ledger technology industries.

The former CFTC chair stated: “We should … not regulate the blockchain technology, but just ensure that its application, like cryptocurrency, [ensures] investors are still protected. What does that mean? That we make sure there’s not fraud, manipulation, to the extent we can, in the bitcoin markets.”

Balancing Regulatory Governance and Innovation 

Former CFTC Chair Advocates “Technology Neutral” RegulationsWhen asked of the risk of stifling innovation through heavy-handed regulation of the new and rapidly evolving cryptocurrency industries, Gensler stated: “If [crypto] gets broad adoption, if we really think the crypto world is going [to] be part of the future, it needs to come inside a public policy envelope, that means we need to guard against illicit activity, and yes, we need to protect investors. The crypto exchanges, big exchanges like Coinbase, need to really come within either SEC or CFTC … inside of something to protect investors.”

“I would say you want some form of regulation – you want traffic lights and speed limits, because then the public is confident to drive on the roads – in this case the crypto roads. And so I think the two can co-exist, but I think it will take a number of years to … get the balance right,” he added.

Diverse International Regulatory Climate

Former CFTC Chair Advocates “Technology Neutral” RegulationsThe former CFTC chairman stressed the challenges of practically implementing a regulatory apparatus governing cryptocurrency activities, stating: “So you see around the globe a lot of countries saying ‘We have to guard against illicit activity, we have to ensure our tax base stays strong’. The reality is, it’s really hard to implement.”

“The investor protection side, I’d say it’s all over the lot,” Gensler continued. “There’s small population countries like Malta that want to attract … the jobs, they want the CEOs to land there, and then some countries like China and India are very hesitant, and officially they’ve banned initial coin offerings, but underneath … there’s a lot of people trading bitcoin.”

“I think to the extent that the international regulators can assure for more confidence, that the viewers of this program can say ‘alright I’m comfortable, I can do this’, and big asset managers can invest, you’ll see more potential adoption,” he stated.

With regards to ICO tokens, Gensler continued: “I think those crypto assets called initial coin offerings, it’s like the old duck test: if it quacks like a duck and waddles like a duck, it’s a duck – these things are like initial public offerings.”

Do you agree with Gensler’s prescription of “technology neutral” cryptocurrency regulations? Share your thoughts in the comments section below!


Images courtesy of Shutterstock, Wikipedia


At Bitcoin.com there’s a bunch of free helpful services. For instance, have you seen our Tools page? You can even lookup the exchange rate for a transaction in the past. Or calculate the value of your current holdings. Or create a paper wallet. And much more.

The post Former CFTC Chair Advocates ‘Technology Neutral’ Cryptocurrency Regulations appeared first on Bitcoin News.

Bitcoin News

Former Top Chef Contestant Reveals She Has Just a Year to Live

October 12, 2018 |

Former Top Chef contestant Fatima Ali says she has a year to live. The 29-year-old, who appeared on Season 15 of the Bravo reality competition, underwent surgery to remove a tumor in January. However, Ali wrote Tuesday in an essay for Bon Appetit that the “cancer cells my doctors believed…
Newser

CNN

Former footballer demands a “mental health revolution” after multiple suicide attempts

October 10, 2018 |

It started with a feeling of isolation, of not wanting to engage with the world. He didn’t want to answer emails, and hundreds of answerphone messages went unreturned.
CNN.com – RSS Channel – World

Former Obama official calls Susan Collins ‘fake’ feminist

October 8, 2018 |

Former Obama White House official Jen Psaki appearing on CNN’s “State of the Union” on Sunday, derided Maine Republican Sen. Susan Collins, as a “fake” feminist for her support of Brett Kavanaugh, which ultimately lead to his nomination to the Supreme Court.
FOX News

The Latest: Former Brazil President Rousseff casts ballot

October 7, 2018 |

The Latest on Brazilian elections (all times local): 12:30 p.m. Former Brazilian President Dilma Rousseff has told reporters that “any candidacy that compromises democracy in Brazil is extremely dangerous.”
FOX News

Doctor, Former ISIS Captive Win Nobel Peace Prize

October 5, 2018 |

The Nobel Peace Prize on Friday was awarded to a Congolese doctor and a Yazidi former captive of ISIS for their work to highlight and eliminate the use of sexual violence as a weapon of war, the AP reports. Denis Mukwege and Nadia Murad “have made a crucial contribution to…
Newser

Cultural Heritage Commission supports monument status for former L.A. Times buildings

September 20, 2018 |

The Los Angeles Cultural Heritage Commission on Thursday recommended that the city grant historic cultural monument status to a downtown office complex formerly occupied by the Los Angeles Times.

Preservationists applied for monument status for the three main buildings last July. If their application…


L.A. Times – Business