Article: Blockchain and bonds: EU’s investment arm looks to make market history

Blockchain, Governance

Blockchain and bonds: EU’s investment arm looks to make market history

The European Investment Bank plans to harness the power of blockchain to sell bonds, potentially boosting use of the digital-ledger technology as a tool for the region’s debt market.

The European Union’s investment arm hired Goldman Sachs Group Inc., Banco Santander SA and Societe Generale AG to explore a so-called digital bond in euros, which would be registered and settled using blockchain, according to information from a person familiar with the matter, who asked not to be identified because they’re not authorized to speak about it.

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Article: Government Ban on Bitcoin Would Be ‘Foolish’: SEC’s Hester Peirce

Crypto, Governance

Government Ban on Bitcoin Would Be 'Foolish': SEC's Hester Peirce - Decrypt  - FlipboardGovernment Ban on Bitcoin Would Be ‘Foolish’: SEC’s Hester Peirce

“I think we were past that point [of banning Bitcoin in the US] very early on because you’d have to shut down the internet,” Peirce said. “I don’t see how you could ban it. You could certainly make the effort. It would be very hard to stop people from doing it [trading Bitcoin],” she said. “So I think it would be a foolish thing for the government to try to do that.”

Though, as Peirce said, in reality this would be very difficult: technology will likely outpace the government’s attempts to limit Bitcoin use, since people will always be able to download Bitcoin wallet software, run a node, and make transactions as long as they have access to the internet. What may be more likely, in the short to medium term, are clearer Bitcoin regulations.

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Article: Democratising AI: Is the future of AI open source?

Digital Content, Open Source, Software

Artificial intelligence: an open source future | ITProPortalDemocratising AI: Is the future of AI open source?

To overcome the challenges posed by proprietary software, more and more AI solution providers are embracing an open-source culture. Making software freely available to a wide number of users has advantages that, over time, can make this model more profitable than keeping algorithms and data protected by copyright.

For example, in 2019 Goldman Sachs released some of the code that its traders use to analyse and manage risk on GitHub and offered additional funding to engineers who managed to build new applications using the code. The benefits of making the code available to the public far outweighed those of keeping it secret — not only can users help improve and finetune the code, Goldman Sachs will also own the intellectual property of any application built using it. It will also have the chance to be an early investor in new and promising technology.

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Article: Cryptocurrency Advocates Receive Increasing Support

Crypto

Cryptocurrency Advocates Receive Increasing SupportCryptocurrency Advocates Receive Increasing Support

According to Coin Center executive director Jerry Brito, the group is saving money as a war chest. It anticipates needing the cash to fight a larger lobbying battle or file a lawsuit over the new regulations. Brito said:

“Our job is to say absolutely there is a real risk here and that we all need to work together, but don’t throw away the baby with the bathwater.”

Meanwhile, the crypto trade association Blockchain Association has seen its membership rise by 10 to 34 since December. The number of its employees has also doubled. Members of the association include Binance.US and Ripple Labs. They intend to make contributions to the association to help polish bitcoin’s image.

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Article: Germany’s federal bank tests blockchain payment system sans CBDC

Blockchain, Crypto, Governance

Germany’s federal bank tests blockchain payment system sans CBDCGermany’s federal bank tests blockchain payment system sans CBDC

The growing popularity of digital currencies has aroused mainstream interest in blockchain technologies and their possibilities. Increasingly, blockchain is used as a generic term that most people associate with Bitcoin, the digital currency created using the technology. The potential and scope of the application of decentralized protocols have already become so much broader.

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Article: Top 3 common misconceptions about blockchain

Blockchain, Knowledge

Top 3 common misconceptions about blockchain

Blockchain is a shared, immutable ledger that facilitates the process of recording transactions and tracking assets in a business network. An asset can be tangible (a house, car, cash, land) or intangible (intellectual property, patents, copyrights, branding). Virtually anything of value can be tracked and traded on a blockchain network, reducing risk and cutting costs for all involved.

  • “Blockchain and cryptocurrencies are basically the same thing”
  • “Blockchains can only be public”
  • “Blockchain use cases are only aimed at the financial industry”

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