Trump ❤️ blockchain

March 17th, 2017
"They knew many things but had no idea why. And strangely this made them more, rather than less, certain that they were right."
– Neal Stephenson
**CONSENSUS 2017**
 
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May 22-24 in New York City
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THE FEATURE

The Trump Administration is Buying Into Blockchain Tech


It seems that blockchain technology has strong support from an unexpected source: the US government.

At the DC Blockchain Summit this week, representatives from several official agencies acknowledged the technology's potential, and called for more research into how it can help public processes.

Vice President Pence's chief economist, in an unscheduled presentation, highlighted the possible influence it could have in both government and the economy, particularly as the Treasury Department conducts a full review of the financial system.

He also emphasized a responsibility generally overlooked by official institutions – that of getting out of the way of innovation.
 
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*STATE OF BLOCKCHAIN 2017*

In the week since the SEC's rejection of the proposed Winklevoss bitcoin ETF, we've seen an unexpected massive rally across the entire cryptocurrency market. 

Not only has bitcoin risen slightly despite the setback in terms of opening the floodgates for institutional capital, but alternative blockchain assets like ethereum, dash, monero and augur have skyrocketed, with the top 10 cryptocurrencies (outside of bitcoin) having doubled in combined market cap since the start of the year.



To read more on the price rally and see some additional illustrations from our research team, check out their recent features in Bloomberg and Fortune!
Wait, there's more:
4 Ways Blockchain Can Disrupt Civic Traditions
*Opinion*: Ravi Kumar S, president and deputy COO at Infosys, highlights how blockchain technology's potential could go beyond finance to tackle vital issues such as digital identities and civic governance. Read more.
 
Ethereum's Price Surge is Sparking Institutional Investor Interest
Ether has seen its price climb roughly 150% in the last week, attracting the attention of institutional investors, OTC trading experts have told CoinDesk. Read more.
 
New IRS Filing Tries to Force Coinbase Into Handing Over its Data
The startup confirmed to CoinDesk that it is still willing to work with the IRS to reconsider the scope of the summons, but that it is prepared to file opposition papers if necessary. Read more.
 
Bloq Launches Blockchain Lab, Joins Enterprise Ethereum
In conversation with CoinDesk, co-founder Jeff Garzik stressed the team's interest in open-source projects, and emphasized the need to bring communities together to develop standards for blockchain development. Read more.
 
'Blockchain Revolution' Authors Launch Enterprise Research Effort
The not-for-profit syndicated group, based in Toronto, includes global governments, tech firms and blockchain startups. CoinDesk spoke to co-founder Don Tapscott on the road map and business model, which has members funding the blockchain research of leading academics on the technology's impact on a wide range of industries and roles. Read more.
 
German Central Bank Chief: Blockchain Could Make Markets Faster
Bundesbank president Jens Weidmann spoke yesterday at a G20 summit in Berlin on the potential of blockchain and other technologies to make financial markets cheaper and faster. Read more.
 
Patent Trolls Beware: 40 Firms Join Fight Against Blockchain IP Abuse
The coalition, launched by the Washington DC-based Chamber of Digital Commerce and comprised of tech companies and blockchain startups, is attempting to build a defensive wall against attempts by patent trolls to steal blockchain-related intellectual property. Read more.
 
Go to CoinDesk
BTC: $1,146.38 -6.1% 
ETH: $47.34 +17.4%
@10:00 EST - More price details
PRESS RELEASES
 
🍀 In honor of St. Patrick: May you have warm words on a cold evening, a full moon on a dark night and the road downhill all the way to your door. 🍀
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