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EU’s European Blockchain Observatory and Forum to Host Blockchain AMA

Eu’s european blockchain observatory and forum to host blockchain ama

EU’s European Blockchain Observatory and Forum to Host Blockchain AMA

Eu’s european blockchain observatory and forum to host blockchain ama

The European Union (EU) has announced that it will host an online Ask Me Anything (AMA) session on June 18, 2018, at 6 p.m. CEST. The event, organized and hosted by the European Blockchain Observatory and Forum of the EU, will last for 90 minutes and cover blockchain technologies with in-depth explanations, interactive discussions with panelists and public questions answered live.

The European Blockchain Observatory and Forum was created as a European Parliament pilot project with a mission to accelerate blockchain innovation and the development of the blockchain ecosystem within the EU and establish Europe as a global leader in the field. The Blockchain Observatory and Forum is currently operating under the European Commission (EC)’s Directorate General for Communications Networks, Content and Technology (DG CONNECT). Their partners include ConsenSys AG (general contractor), the University of Southampton, the Knowledge Media Institute at the Open University, University College London and the Lucerne University of Applied Sciences and Arts.

The event will be streamed live on YouTube. Viewers are invited to comment and ask questions via Twitter. To participate, viewers should include both #AMAblockchain and @EUBlockchain in a tweet. For example, “What is the official position of the EU on cryptocurrencies #AMAblockchain @EUBlockchain?” Selected tweets will be addressed and answered live.

“Technologies like blockchain can help reduce costs while increasing trust, traceability and security,” said Andrus Ansip, vice president for the Digital Single Market, in a February 2018 EU press release announcing the launch of the EU Blockchain Observatory and Forum.

“They have huge potential for making social and economic transactions more secure online by guarding against an attack and removing the need for any middleman. We want to build on Europe’s substantial talent base and excellent startups to become a leading world region that will develop and invest in the rollout of blockchain.”

The announcement emphasizes that the EU Blockchain Observatory and Forum will play an active role in helping Europe to seize new opportunities offered by blockchain technology, build expertise and show leadership in the field, and promote an open forum for blockchain technologists, innovators, citizens, industry stakeholders, public authorities and regulators.

“I see blockchain as a game changer and I want Europe to be at the forefront of its development,” said Mariya Gabriel, commissioner for the Digital Economy and Society. “We need to establish the right enabling environment — a Digital Single Market for blockchain so that all citizens can benefit, instead of a patchwork of initiatives. The EU Blockchain Observatory and Forum is an important step in that direction.”

The announcement states that the Blockchain Observatory and Forum is intended to support the EC’s work on FinTech, which is considered a priority of the EC and is expected to play a major role in achieving the objectives related to the development of the single market, Banking Union, the Capital Markets Union and retail financial services.

“Among the many technologies that are driving digital innovation, blockchain has the potential to be truly transformative for financial services and markets,” said Valdis Dombrovskis, vice president responsible for Financial Stability, Financial Services and Capital Markets Union. “The Blockchain Observatory and Forum will monitor developments and also inform our policy making.”

TNW notes that the Blockchain Observatory and Forum has been hosting a series of workshops and panel discussions to figure out the best ways to approach this fledgling technology in the age of the GDPR. The recordings are online on YouTube.

Published at Wed, 13 Jun 2018 17:42:33 +0000

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Billionaire Mark Cuban Buys $20 in Bitcoin, Says It’s ‘In a Bubble’

American billionaire Mark Cuban took the bitcoin world by storm when he revealed his interest in the cryptocurrency and the possibility it may be a bubble.


Shark Calls bitcoin Bubble

Mark Cuban is, among other things, an American billionaire, businessman, investor and television personality. He is also known for being one of the main investors on the ABC reality television series, Shark Tank.

Yesterday, Cuban took the bitcoin world by storm when he tweeted about his new-found interest in the digital currency:

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With an extensive resume in the business world and an estimated net worth of 3.4 billion dollars, it’s no wonder that Cuban’s interest in bitcoin has brought confidence to many traditional investors. However, Mark Cuban later tweeted his thoughts regarding a possible bubble in the current BTC price.

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It is impossible to say with certainty if bitcoin is or isn’t in a bubble as signs pointing towards both possibilities are visible. Although the current price has made Cuban see signs of a bubble, he still recognizes the value in bitcoin as a decentralized payment system, stating:

I’m not questioning value. I’m questioning valuation.

Mark Cuban & bitcoin

So why is this important at all? Another person getting into bitcoin isn’t really groundbreaking and Cuban only bought $20 dollars worth in bitcoin to see how it works. 

However, it’s worth noting that Cuban’s visibility as a businessman and as a TV personality can go a long way in expanding Bitcoin’s outreach to traditional investors. Though, the most interesting part is that he wasn’t always a fan of bitcoin.

In a 2014, Mark Cuban told USA Today that despite being “great as an encryption technology,” he didn’t think bitcoin could make it as a global currency, stating:

I think it’s got no shot as a long term digital currency.

This means that bitcoin’s endurance as an immutable and decentralized payment system is starting to pay off,  revealing the true potential of bitcoin as a “long term digital currency.” Not only that, but the value of blockchain technology itself was also underlined in another one of Mark Cuban’s tweets:

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The B-Word

While the focus created by this recent development has been received as a positive for bitcoin, it is also worth noting that the concerns of a possible cryptocurrency bubble are very real. So much so that some publications have even claimed that Cuban’s tweet regarding the possible bitcoin bubble made the price of bitcoin drop.

Price

So, are we in a bubble? Mark Cuban isn’t the only ‘shark’ that believes this to be true.

Vinny Lingham, a South African Internet entrepreneur, co-founder & CEO of Civic, and one of the ‘sharks’ on the Shark Tank South Africa version, has expressed similar thoughts.

When asked if bitcoin is currently in a bubble, he stated:

Yes, but people who called the bubble in 2011 were wrong. It took two years to burst.

Although it’s impossible to point out a bubble with absolute certainty until it pops, one thing is clear: at 3 to 7 transactions per second, bitcoin is nowhere near ready to be adopted by the mainstream as a global digital currency.

If scaling can be achieved, however, there is no telling how high bitcoin can go.

Do you agree with Mark Cuban? Is bitcoin currently in a bubble or is this just the start? Share your forecasts with us in the comment section.


Images courtesy of Shutterstock, Twitter, CNBC

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