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Mark Zuckerberg is promising better protection for users after the Cambridge Analytica mess , and he made a statement during a CNN interview Wednesday night that’s drawing some attention. “I actually am not sure we shouldn’t be regulated,” he said of Facebook, adding that it’s more a question of finding the…
Yes, that was a blimp towing a water skier across the surface of a Southern California lake. The Press-Enterprise reports the blimp towed skier Kari McCollum for 6.9 miles at Lake Elsinore on Tuesday. The newspaper says that’s a new record, according to Philip Robertson, an adjudicator with Guinness…
This year the World Blockchain Forum, a two-day conference held in Dubai, will host an abundance of innovation that gives a glimpse towards the future of finance. The next-generation internet technology is set to transform the nation of Dubai as it aims to be the first blockchain-focused country by the year 2020.
Crypto-Infused Innovation Gathers in Dubai for the World Blockchain Forum
On April 16-17 at the World Blockchain Forum (WBF) in Dubai, many individuals and businesses will gather in the Gulf region to discuss blockchain and cryptocurrency solutions. Dubai hopes to be a leader within the blockchain realm worldwide, and by 2020 it will attempt to be the first blockchain powered government. This year the event will host an array of initial coin offering (ICO) pitches for those interested in the tokenized economy and revolutionary crowdfunding model.
WBF will have a vast amount of speakers from Dubai and all over the world. This includes the Director of the Cybercrime Department and Criminal Investigation Dept. at Dubai Police headquarters, Col. Saeed M. Alhajri, and the CEO of Strategic Affairs at Department of Economic Development, Mohammed Shael Al Saadi, the Dubai Future Foundation’s Dr. Noah Raford, Netki’s Dawn Newton, the co-founder of Bitoasis Ola Oudin, Vanessa Grellet from Consensys, Binary Financial’s Harry Yeh, and many more special guests.
Dubai is Embracing New Technologies Faster Than Any Other Countries
The event will have many exhibits featuring the innovative technologies such as bitcoin, cryptocurrencies, and token sales. The event will host a large assortment of ICO pitches that will provide a glimpse at the red-hot crowdfunding model and some of the startups producing ideas that aim to innovate finance and many other business concepts. This week news.Bitcoin.com spoke with Keynote Events, Moe Levin, who explains how excited he is about the third annual WBF in Dubai.
“This is the third year we’re doing the event in Dubai — and the local community continues to grow, and more and more traditional investors are coming out of the woodwork,” Levin explains.
What we see in the entire Gulf region is a huge demand for more information and, as is tradition in the region, they are embracing new technologies faster than any other countries, and creating frameworks and regulations to support new companies getting into the space.
Tickets to the WBF event in Dubai can be purchased today which provides access to the two-day conference, catering and breaks, access to the speaker hall and exhibits, and every attendee will receive a conference schedule. Residents from the Middle East and all over the world do not want to miss this conference that aims to give participants the educational resources to understand this emerging crypto-economy.
What crypto-conferences and blockchain events will you be attending this year? Let us know in the comments below.
Disclaimer: Bitcoin.com is a WBF sponsor and media partner.
Images via Pixabay, WBF Logo, and the 2017 WBF event.
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It’s a list worth quoting (and we’ll add Stormy Daniels to it): “James Comey. Russia. Robert Mueller. Las Vegas. The travel ban. ‘Alternative facts.’ Pussy hats. Scaramucci. Parkland. Big nuclear buttons. Roy Moore.” These are all things Erik Hagerman has zero knowledge of, writes the New York Times in…
A coalition of unions at Walt Disney World Resorts filed a federal complaint alleging unfair labor practices Monday, accusing the company of holding employees’ $ 1,000 bonuses hostage during contract negotiations.
Last month, Walt Disney Co. announced it was giving $ 1,000 each to more than 125,000…
Johnny Manziel says his bipolar disorder and depression got so bad at one point, he legitimately thought the world was coming to an end. But, Johnny tells TMZ Sports he was able to pull his life back together … and he wants people struggling…
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Following the historic response to sister event The North American Bitcoin Conference, held in Miami earlier this year, Keynote has released details of their World Blockchain Forum in Dubai, 16th and 17th April.
Known as a global centre for innovation and investment opportunity, Dubai provides an inspirational backdrop for the 3rd annual World Blockchain Forum. Visionary leaders, economic pioneers and enterprising investors from around the world will come together for one of the most exclusive events on the global blockchain calendar.
As the longest-running crypto-technology conference in Dubai, WBF will delve into the innovative possibilities of blockchain technology, the impact of cryptocurrencies on global financial markets and the shifting landscape of ICOs.
With more than 500 Bitcoin and blockchain innovators and investors expected to attend, WBF – Dubai builds on the success of similar events in London, Los Angeles and Chicago as part of the World Blockchain Forum. The two-day event focuses on the future of finance and investment, successful past and future ICOs, regulation & governance, and considers how decentralization continues to disrupt the banking sector.
“We are thrilled to host another meeting of brilliant minds in the heart of the UAE and look forward to welcoming leaders of the crypto community from around the globe. Since 2015 we have been committed to bringing more companies and dedicating more resources to the UAE, to bring His Highness Sheikh Hamdan’s blockchain strategy and vision to life,” said Moe Levin, Founder and CEO of Keynote.
World Blockchain Forum Program Details
Held at the stunning Madinat Jumeirah overlooking the Gulf, this year’s internationally-acclaimed event speakers look at the ways in which vanguards, executives, and entrepreneurs can innovate the future of a new world economy.
Past WBF Speakers include:
Vitalik Buterin – Co-founder, Ethereum
H.E. DR. Aisha Bin Bishr – Director General at Smart Dubai
Patrick Byrne – CEO, Overstock & t0
Star Xu, CEO – OKCoin
Roger Ver – CEO, Bitcoin.com
Eva Kaili – Greece, Member of European Parliament
Charlie Shrem – Bitcoin Pioneer
Gabriel Abed – Founder, Bitt
Ola Oudin – CEO, BitOasis
Gabriel Kurman – Co-founder, RSK Labs
Ryan Taylor- CEO, Dash Core
Jason King – Co-founder, Academy
Moe Levin – Founder, Keynote
Ruslan Gavrilyuk – Co-founder, Taas.fund
For a full list of speakers visit: https://dubai.keynote.ae/speakers/
Tickets can be purchased at: dubai.keynote.ae/tickets/
Keynote was launched in 2012 by blockchain strategist Moe Levin. For further information and details about Keynote and the WBF – Dubai event, visit dubai.keynote.ae
For media inquiries, please contact Amandah Hendricks, Keynote’s Chief of Communications at firstname.lastname@example.org
This is a paid press release. Readers should do their own due diligence before taking any actions related to the promoted company or any of its affiliates or services. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release.
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General Manager of the Bank for International Settlements (BIS), Agustín Carstens, gave a talk at Goethe University in its House of Finance, Tuesday, 6 February in Frankfurt. Titled Money in the Digital Age: What Role for Central Banks?, the talk saw Mr. Carstens acknowledge “We have seen a bit of a shift, to issues at the very heart of central banking. This shift is driven by developments at the cutting edge of technology. While it has been bubbling under the surface for years, the meteoric rise of bitcoin and other cryptocurrencies has led us to revisit some fundamental questions that touch on the origin and raison d’être for central banks.”
World’s Central Banker: Bitcoin Challenges Heart of Central Banking
As the central banker to the globe’s central banks, the BIS special drawing rights balance nears a quarter trillion in reserves. The body is made up of 60 member states, heavily weighted toward Europe with over half its membership. The Depression-era organization in its current incarnation is a collaborative body issuing stress tests, acting as a prime counterparty, and a trustee to the world’s central banks.
Mr. Carsten’s appearance is part of a lecture series sponsored by Sustainable Architecture for Finance in Europe, the Center for Financial Studies, and the Deutsche Bundesbank. At issue to the GM were three principal questions: “What is money? What constitutes good money, and where do cryptocurrencies fit in? And, finally, what role should central banks play?,” he asked.
Money, he asserts, is flatly connected to government, “an indispensable social convention backed by an accountable institution within the State that enjoys public trust.” Setting the tone, he immediate claims, “Private digital tokens posing as currencies, such as bitcoin and other crypto-assets that have mushroomed of late, must not endanger this trust in the fundamental value and nature of money.”
After a brief discussion of money’s history, he stumbles upon what amounts to patting himself on the back, insisting “laissez-faire is not a good approach in banking or in the issuance of money. Indeed, the paradigm of strict bank regulation and supervision and central banks overseeing the financial and monetary system that has emerged over the last century or so has proven to be the most effective way to avoid the instability and high economic costs associated with the proliferation of private and public monies,” which sets up a dramatic conflict with cryptocurrency such as bitcoin.
Basically Just Mega-Sudokus
Dismissing almost out of hand the distributed ledger technology undergirding bitcoin, he waxes, “Who would have thought that having people guessing solutions to what was described to me by a techie as the mathematical equivalent of mega-sudokus would be a way to generate consensus among strangers around the world through a proof of work? Does it thus provide a novel solution to the problem of how to generate trust among people who do not know each other?,” he asked rhetorically.
He then characterizes bitcoin as having three “obvious flaws.” Debasement, trust, and inefficiency are hallmarks of what Mr. Carstens views as “novel technology.” Debasement, he contends, happens through forks, creating seemingly endless versions of bitcoin which he believes are essentially inflationary, contrary to its claim of being scarce. “After all, it just takes a bunch of smart programmers and a catchy name. As in the past, these modern-day clippings dilute the value of existing ones, to the extent such cryptocurrencies have any economic value at all,” he warns.
Any trust crypto has garnered has come through centralization, through trading with fiat currencies on exchanges, he argues. “More generally,” Mr. Carstens continues, “they piggyback on the same institutional infrastructure that serves the overall financial system and on the trust that it provides. This reflects their challenge to establish their own trust in the face of cyber-attacks, loss of customers’ funds, limits on transferring funds and inadequate market integrity.”
Bitcoin in particular seems wholly inefficient as he understands it, and “while perhaps intended as an alternative payment system with no government involvement, it has become a combination of a bubble, a Ponzi scheme and an environmental disaster,” he urged. “Accordingly, authorities are edging closer and closer to clamping down to contain the risks related to cryptocurrencies. There is a strong case for policy intervention. As now noted by many securities markets and regulatory and supervisory agencies, these assets can raise concerns related to consumer and investor protection. Appropriate authorities have a duty to educate and protect investors and consumers, and need to be prepared to act,” he said ominously.
What do you think about the General Manager’s talk? Let us know in the comments section below.
Images courtesy of Pixabay, BIS.
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