Justin Sun Hires Former SEC Official
It has been recently reported that Justin Sun is hiring a former SEC employee with 8 years of experience to be the first compliance director for Tron.
According to the young executive the Tron organization is ready to fully embrace regulations.
He adds that regulation is key for the mainstream adoption of cryptocurrencies and helps legitimize the ecosystem by stamping out fraud and scam.
He also said that he thinks SEC also sees the blockchain as a good opportunity for innovation in the United States.
He is hoping that 2019 will be the year SEC will license and regulate coin-based exchanges, calling this year as the year of full regulation.
Aside from the United States, Sun hopes that his organization will be fully regulated not only in the United States of America but also in China, Korea, and Japan in the future.
The hiring of its first compliance officer that has experience in SEC is an important initial step in achieving his goal.
United Arab Emirates and Saudi Arabia To Launch Crypto Pilot For Cross-Border Payment
United Arab Emirates and Saudi Arabia have the second-largest combined sovereign wealth funds in the world.
They are now planning on piloting a Saudi-Emirati cryptocurrency that is aimed for cross-border payments.
It must be noted that the cryptocurrency in not intended to be used by ordinary citizens but instead are designed for banks only.
The cryptocurrency was announced by the Executive Committee of the Saudi-Emirati Coordination Council when the representatives of the two countries met last January 19, 2019.
The council revealed that the new currency will be used for cross-border payments between central and local banks only.
The new cryptocurrency relies on a distributed database between the central banks and the participating banks.
According to the body, the initiative seeks to protect customer interests, set new technology standards as well as asses the security risks in the emerging technology.
The project is also looking into the impact of a central currency on monetary policies.
Ukraine Seeking To Increase Blockchain Professionals
According to online news reports, Ukraine wants to address its deficit of blockchain developers by forming an academy that will train students how to be blockchain professionals.
The initiative was organized by the Blockchain Association of Ukraine (BAU) together with Ukranian National IT Factory (UNIT).
The former is the national association for the industry while the latter is an educational organization for IT.
The initiative created the first Blockchain Hub Academy.
The academy aims to prepare tech specialist for the cryptocurrency industry.
This is one of the few niches that have seen rapid growth that provides ample opportunity to monetize knowledge.
It also gives the developer the satisfaction of value creation where his or her creation.
This is according to BAU vice president Vitaliy Bulychev.
The students in the program will learn how to create wallets, smartcontracts and how to work with the different protocols.
The 4 months course is divided into two segments.
The first part will deal with Bitcoin and the basics of distributed ledger technologies.
The second part will cover the full spectrum of related technologies and development that appeared after Bitcoin.
Prominent Crypto Investor Believes Bitcoin May Reach $20,000 On The Next Wave Of Adoption
A prominent cryptocurrency investor took to twitter to express his reasons why he is still bullish on Bitcoin.
Which basically means an investor can speculate to lose 80% or make several multiples of an investment.
According to Milne, Bitcoin has lost up to 80% of its value from its all-time-high and the asymmetric opportunity is clearly showing up.
He explains that each wave of adoption like we have seen, the most recent one being in 2017, we have an order of magnitude bigger than the last.
This basically means, the next real Bull Run is seem to push BTC Prices above 20,000 USD prices.
The increased number of consumers with the exponentially increasing price expectation of holders will push the price above as what have been said above.
Milne declares that the asset has achieved mainstream awareness thus when BTC again shows signs of life a monumental amount of FOMO will occur coupled with the institutional groundwork that is getting laid will help propel BTC prices to new heights.
SBI Invest $15 Million USD TO Swiss Smart Card Cypto Wallet
The Japanese finance giant SBI Group has confirmed investing around $15 million USD to a Switzerland-based cryptocurrency smart card wallet manufacturer, Tangem.
This was revealed on a press released by SBI last January 21, 2019.
Tangem aims to increase cryptocurrency adoption by making assets spendable in a manner similar to conventional smart cards often used in transport and loyalty settings.
The first wallets of Tangem were issued in the middle of the year of 2018 around June.
While its initial sights was on ticketing and loyalty use cases, Tangem hopes to make their crypto smart cards useful in initial coin offerings token distribution as well as anti-counterfeiting functionality.
According to the co-founder of the company, with the additional funding they will be able to extend their product offering in other industries and provide better support.
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