| | DECEMBER 6th, 2016
“It still holds true that man is most uniquely human when he turns obstacles into opportunities.” – Eric Hoffer
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A shift is happening in the US, and it may say much about the considerations ongoing in blockchain tech.
I'm talking of course about President-elect Donald Trump.
While Trump isn't for or against blockchain or smart contracts (that we know of), the very fact that he brings with him likely legal and regulatory change bears analysis. If code is to be law, or even mirror law, then code will need to adapt with legal changes.
In a conversation with CoinDesk, blockchain leads explain how such a shift could pose a challenge given the current state of the art. While still theoretical, given the rate of change, such problems may only be four years away... (Read the full story).
Wait, there's more:
· It’s complicated. As the deadline for subscribing to Overstock’s Series A preferred shares approaches, the company is offering help to broker dealers struggling to understand the process of the blockchain-powered share issue. Read more.
· BNY Mellon blockchain focus. BNY Mellon’s treasury department has created the Global Innovation Group, an internal unit aimed at investigating and testing new technologies like blockchain. Read more.
· Taking profits. An independent investor explains why he doesn’t believe the price of bitcoin is likely to trend significantly higher in the short term. Read more.
· Slump continues. Ether prices fell to a 9-month low yesterday amid modest trading volume. Read more.
· Fintech bank charters. The Office of the Comptroller of the Currency (the agency within the US Treasury that regulates national banks) has proposed awarding special-purpose bank charters to select fintech companies. This could potentially enable the supervised operation of crypto-exchanges without the need for a license in each state. Read more.
· US Fed research release. The US Federal Reserve has released an internal research report on distributed ledger technology. The paper (the first of its kind from the Federal Reserve Board) looks at how the blockchain might be used in payments, clearing and settlement. Read more.
· Malta lays groundwork. The Malta Stock Exchange has announced the formation of an internal ‘Blockchain Committee’ to plan testing of the technology. It also revealed that it is creating a blockchain consortium comprised of experts from various sectors in Malta. Read more.
BTC: $759.22 +1.0%
ETH: $6.97 -4.3% at 10:00am EST more details
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