Facebook hires Zook to lobby on Libra 24271

Facebook

Facebook has added Susan Zook of Mason Street Consulting to its team of lobbyists working to sell lawmakers on its new Libra cryptocurrency. Zook is a former aide to Sen. Mike Crapo (R-Idaho), the chairman of the Senate Banking Committee, which held a hearing on Libra last month. She’ll focus on lobbying Senate Republicans, she wrote in an email to PI.

Facebook, which has spent more than $7.5 million on Washington lobbying so far this year, has more than a dozen outside lobbying firms on retainer. The company has hired the Sternhell Group and the Cypress Group to work on Libra issues, as well as the law firm Davis Polk, as POLITICO’s Zachary Warmbrodt reported last month. Some of the lobbying firms Facebook already retained are also working on Libra issues, as are Facebook’s in-house lobbyists.

ANOTHER CHINESE COMPANY TURNS TO K STREET: Fuyao Glass Industry Group, a Chinese glass manufacturing concern, is the latest Chinese company to bring on Washington lobbyists as the Trump administration continues its trade war with China. Richard Burt, Jorge Guajardo and John Holden of McLarty Inbound will lobby for Fuyao on labor, manufacturing, tariffs and trade issues, according to a disclosure filing. Fuyao has problems beyond tariffs, though. The Occupational Safety and Health Administration announced last week that it would fine the company $724,380 for its “repeated failure to implement and enforce safety and health programs” at its plant in Moraine, Ohio.

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DVP Launches World’s First Decentralized Security Crowd-testing Platform to Solve Security Issues of DeFi Ecosystem 6350

DVP – Decentralized Vulnerability Platform – is the world’s first decentralized autonomous organization (DAO)-powered vulnerability testing platform created to solve security issues of DeFi ecosystems. It is an international community of information security professionals (White Hats) that seeks to act as a bridge between the white hats and blockchain projects to provide an efficient and transparent blockchain security information platform, which will help improve the overall security awareness and build a better blockchain ecology. The DVP community of white hats can help blockchain projects identify the security vulnerabilities and deliver them to DVP. As reward, the white hat will be paid the corresponding bounty. Through this model, DVP seeks to achieve a mutually beneficial relationship for both the blockchain projects and the white hats.

How DVP works

DVP is an ecosystem where the community conducts multidimensional audits of smart contracts and protocols to notify blockchain projects about bugs, if any. With the surge in the value locked in DeFi projects, the venture will act to curb the alarmingly high number of security breaches. The bounty program launched by DVP invites white hats to conduct massive testing of blockchain products. Their review will give manufacturers an idea about where the project is heading. In return, they can claim token rewards while the manufacturers save costs, facilitating a win-win situation for both parties.

DVP makes use of blockchain technology and token-incentive schemes to establish an anonymous security crowd-testing platform. It connects blockchain vendors with white hat communities, efficiently reducing the hidden vulnerabilities and safeguarding the interests of the digital information industry.

Why DVP? 

2020 has been a phenomenal year for cryptocurrencies, not surprisingly, considering the global economic downturn forced by a pandemic. Market sentiment leaned towards unconventional assets, and the significance of decentralized assets reached a larger mass, not to mention the price rise of most digital assets.

The most important development in the crypto industry has definitely been the wide traction garnered by DeFi. Breaking geographical and financial barriers, DeFi opened up a new trove of possibilities for investors and crypto enthusiasts alike. Despite this, the fact remains that as DeFi grows, so does the number of hacks and security breaches in the ecosystem. Being an industry that is reliant on finance, blockchain, and the web, DeFi carries some potential security threats that could put hundreds of millions of digital assets in jeopardy.

The most efficient solution to eliminate the hidden dangers in the DeFi space is to find the vulnerabilities and fix them in advance. However, most start-up companies that offer security solutions today lack infrastructure and skilled professionals. Established companies may have years of capital and the latest infrastructure, but over-the-roof pricing and the complex processes involved are nightmarish. This is where DVP comes in. “By decentralizing the security testing process using the expertise of white hats, DVP has cracked the challenge of providing excellent services without the need to invest resources, which is difficult for any single company,” said Daniel, CEO of DVP.

Blockchain Wave is waiting for you in Antalya in 8 Apri 8143

Blockchain-Wave

The wave of international blockchain innovation is coming to the shores of the Mediterranean. In April this spring, Antalya is the place to be for Crypto enthusiasts, Crypto investors, IT specialists and trailblazers in the field of Blockchain IT technology and Cryptocurrencies. Come to Rixos Downtown for networking and recreation!
The organizers are German agency Lead Volume and Turkish blockchain-platform Centex, experienced online-market players.

Blockchain Wave at Rixos Downtown Antalya is a lounge style conference for 1,000 participants with a themed networking after-party on the Mediterranean coast. Listen to speakers from different regions of the world in a relaxed environment. At the exhibition, guests can find new partners and hold discussions in the comfortable networking lounges. Later on, Blockchain Wave participants will go to a themed after-party show, where you have the chance of getting to know partners and clients better in an informal party atmosphere. The mystery theme of the show is to be announced a month before the event.

  • 14  speakers from Europe, Asia and the CIS
  • 2 panel discussions
  • 8 hours of useful content
  • 30  promo stands at exhibition
  • 3 networking lounges with drinks and snacks
  • 1 unique costumed after-party show!

The main goal – the organization of a meeting place on the Mediterrenean coast where IT, blockchain and crypto currency specialists and influencers can to network and relax at. Antalya is an ideal location, with convenient international connections allowing guests from Europe and Asia to come together to negotiate partnerships, socialise and enjoy luxurious resort facilities and warm climate. logistics for the meetings, negotiations and leisure of guests from Europe and Asia. Here, the leaders of innovative projects can share their international experience, establish new business connections and enjoy their leisure time, before celebrating their deals at the impressive after-party.

For whom:
Blockchain start-ups, crypto funds, investors, crypto exchanges and wallets, traders, miners, developers and visionaries.

Topics include:

  • Crypto trading in 2021
  • Investing in blockchain projects in current conditions
  • New trends: DeFi, crowdfunding and tokensale-Mining in 2021
  • The legal aspect of crypto-currency regulation in different countries.
  • Decentralised solutions for the modern world-Blockchain and crypto-trading training schemes.

You are welcome!

Crypto Broker AG, the brokerage division of Crypto Finance Group, receives the FINMA Securities House Licence 7626

The Crypto Finance Group brokerage, Crypto Broker AG, has been granted a licence as a securities house with a bilateral trading facility by FINMA, the Swiss Financial Market Supervisory Authority. The licence is recognition of the group’s consistently professional approach to crypto asset trading, liquidity provision, and innovation in financial services, making it a business-to-business partner of choice for institutional investors and leading financial players. This significant milestone caps a successful previous year for the group, with the brokerage trading over USD 1 billion in assets in 2020.

Crypto Finance is one of the few crypto brokers worldwide fulfilling the licencing requirements that securities firms active in the established financial markets do. Once effective, this licence also brings new business potential in trading security tokens.

“Getting the securities house licence for our brokerage is a pivotal moment for us. It means that we will be able to offer our professional – and regulated – services to even more financial institutions, enabling them to enter this new asset class. The licence also recognises our team’s dedication and expertise,” says Jan Brzezek, founder and CEO of the Crypto Finance Group.

Rupertus Rothenhaeuser, CEO of Crypto Broker AG adds, “Today’s announcement marks a milestone in achieving the Crypto Finance Group vision: providing professional products and services for the evolving digital asset universe. Given last year’s exponential growth in digital asset operations with our clients, we expect continued business expansion in 2021.”

Multichain Ventures Secures Public Sector Contract with Nevada to Supply Tokenized Financial Ecosystem for the Legal Cannabis Industry 8030

Multichain Ventures Inc., a pioneer in blockchain, tokenized ecosystems and digital financial infrastructure, utilizing their proprietary patent pending commerce solutions, is pleased to announce that alongside another vendor, has secured a public sector contract with the State of Nevada to fulfill the requirements of Assembly Bill 466. The Bill creates a Pilot Program and legal framework within which legal cannabis entities and supporting businesses can eliminate the necessity of transacting exclusively in cash, through the implementation of blockchain-based financial technology services.

Multichain Ventures was an early participant in roundtable discussions which ultimately culminated in the AB466 proposal, contributing feedback during two events over the course of 2018. Early discussions centered on a variety of potential alternative solutions to issues facing cannabis operators. Co-founders Michael Wagner, CFA and Gabriel Allred, PhD consulted directly with more than twenty five public officials on the fundamentals of tokenized ecosystems, and the inherent advantages of speed, functionality, and transparency of such systems.

FEDERAL OUTLOOK

Cannabis remains a Schedule I federally controlled substance by the DEA in the United States. As a result, federally regulated entities, such as banks and payment processors, are reluctant to provide services to marijuana businesses, despite some form of legal status across 35 states.

The Cannabis 2021 outlook for federal reform is staging for major strides due to the new U.S. Senate revamp. Recent Democratic victories in Georgia give the Democrats 50 seats along with Vice President-elect Kamala Harris holding the tiebreaking vote.

Recent cannabis public market activity increased, with investors feeling inclined to activate investment vehicles in response to Washington’s projected approval of policies and legislation opening commerce to increase business across the nation.

Without a Republican-anchored Senate, cannabis reform efforts stand a chance in congress. But not without grit, perseverance and time. The U.S. economy and the coronavirus pandemic are at the forefront of our Nation’s priorities. Historically, President-elect Joe Biden’s marijuana agenda includes a moderate approach:

  • Legalizing medical marijuana federally
  • Rescheduling marijuana
  • Supporting states’ rights

Cannabis banking reform would enable more marijuana enterprises to use not only traditional banking sources but to also tap into additional sources of capital for business operations and expansion. However, we see a long road ahead until dispensaries and other industry supply chain operators can transact safely with our Nation’s biggest banks.

“Supply chain and financial managers struggle to implement strategic decisions, arrested by a regulatory environment characterized by commerce restrictions. Despite continuous obstacles the cannabis industry continues to see year over year growth driven by global demand. As we look forward into the cannabis economic mechanics we have the opportunity to build this industry with a best in class financial infrastructure benefiting the consumer experience, operator value chain and government regulatory mandates. ” Pablo Quiroga, Chief Operating Officer, Multichain Ventures, Inc.

PILOT PROGRAM

The AB466 Pilot Program represents a first-of-its-kind solution to the rapidly growing cannabis sector, which continues to see expansion in state legalization. It is a major step in reinventing how cannabis operators conduct business. AB466 specifically calls for a tokenized, closed-loop financial ecosystem. Operators and supporting businesses will have the opportunity to optionally participate in the pilot. The system is designed such that cash deposits are converted to a fully collateralized stable token, which can then be freely transacted with other participants. Ecosystem parties are able to remove cash from the ecosystem through the redemption of stable tokens, and withdrawals to external facilities.

“The Pilot Program presents a tremendous opportunity for Multichain Ventures to demonstrate the enormous potential of blockchain and decentralized technology to solve problems facing the world today. Cannabis institutions have long faced stigma and have lacked access to financial infrastructure most businesses take for granted.” Michael Wagner, CFA – Co-Founder and CEO, Multichain Ventures, Inc.

The Bill saw considerable support from both legislators and local law enforcement during the legislative process in 2019, during which it passed without opposition at both the committee level and on the floor of both houses. Crime related to cash held at dispensaries and cultivation facilities has been problematic for operators. With large volumes of cash transacted daily, and no banking facility to deposit, they are a considerable target for criminals.

“We are very excited to launch this innovative pilot program to provide the legal cannabis industry a safe and efficient way to engage in financial transactions. It is our hope that this pilot program will not only increase public safety in Nevada, but will also provide government entities with a streamlined process to collect tax revenue.” Zach Conine, Nevada State Treasurer.

CUSTOM TAILORED TECHNOLOGY SOLUTION

Multichain Ventures developed a custom solution to satisfy the requirements of the Bill. Leveraging its established digital currency financial infrastructure (patent pending), and integrating the Solana Blockchain Protocol for smart contract deployment, they further developed a software suite dedicated to operators within the Nevada market. Functionality exists to view token balances, review invoices, conduct business-to-business transactions, and mint and redeem stable tokens. All processes are encapsulated in a robust compliance process that factors marijuana retail business (MRB) reporting requirements. Supply chain transparency and seed-to-sale tracking on blockchain will be implemented in the future. The platform is currently capable of integrating with METRC, a standardized government and regulatory reporting platform utilized in Nevada, and numerous other states.

The solution initially targets licensed cannabis operators, including dispensaries, cultivators, and production facilities. However, Multichain Ventures sees a great opportunity to expand into surrounding businesses, such as utility companies, landlords, payroll companies, ancillary service providers, and with the Nevada Department of Taxation for tax remittance. This ecosystem could further provide value to existing popular canna-tech companies, such as Distru and Akerna, as an enhancement to their platforms.

Operators should encounter little disruption to existing business procedures, as the onboarding process was designed from the ground up with the end user in mind. During the initial rollout, operators will continue accepting cash from the consumer as they do today. However, post-consumer transaction, the operator is presented with the ability to deposit reconciled cash with a federal bank facility provided as a resource within the Pilot. Cash becomes tokenized upon deposit, and can then be transacted electronically throughout the ecosystem. Upon completion of the lifecycle of the digital token, it will be redeemed for cash at a one-to-one value with dollars collateralizing the token.

Early feedback from the industry has been positive, with several operators interested in participating in the beta program. TapRoot Brands, a vertically integrated Nevada-based operator, sees the potential for such a system to resolve safety and security issues they face in cash handling and management.

“The strong growth that the cannabis industry has seen nationwide over the last year further reinforces the need for a solution to minimize or eliminate cash transactions and develop banking solutions ahead of federal legalization. Not only does the current cash-only system lead to public safety vulnerabilities for employees, dispensary customers and regulators, but it ties up valuable resources due to the time commitments of cash handling and documentation. TapRoot is excited to participate in the development of this pilot program, and assisting both the Multichain Ventures team and the Nevada State Department of Taxation implement a much needed solution for the industry.” Shane Terry – TapRoot Brands, CEO

FORWARD LOOKING

While the immediate benefits of safe asset custody and electronic transactions are obvious, the long-term potential remains robust. Transactions globally are naturally trending towards electronic services, and digital currency itself is seeing increasing rates of adoption. The solution presented provides an optimal customer experience, convenience, safety, and security for both consumers and businesses alike. With near-instant settlement on transactions, and none of the fees typically associated with payments, the framework for global adoption of blockchain now exists.

Multichain Ventures continues expanding its service offerings within the financial technology suite. Portfolio management, exchange integrations, investment management, DeFi (decentralized finance) and yield generating opportunities are presently under development, in partnership with companies such as Brave New Coin. Multichain Ventures has positioned itself as the single source of financial infrastructure for businesses and consumers alike to access the rapidly expanding blockchain ecosystem.

80% of White Respondents Are Aware of Bitcoin Compared to 66% of Hispanics and 61% of Black Respondents, New Study by SimpleMoneyLyfe 7932

The research, which analyzed exclusive survey results and public databases, also discovered that males are more aware of Bitcoin than females, and 67% of Millennials favor Bitcoin over gold. The data encompasses results from November 2019 to January 2021 – making it the most comprehensive cryptocurrency study to date. Moreover, our data hits on topics that resonate with consumers, academia, and the private industry. The results shed light on a new narrative that has not been covered – one that reveals rampant disparity.

This SimpleMoneyLyfe Study also analyzed several other factors related to cryptocurrency and the broader blockchain industry.

Here is a quick snapshot of what our industry-leading research reveals:

Cryptocurrency Criminal Activity: Just 0.34% of Crypto’s Transaction Volume was Used for Criminal Activity. This equates to roughly 10 billion dollars.

Bitcoin Hoarders are Prevalent: 2% of Crypto Wallets Control 95% of all Bitcoin. This includes numerous governments, financial institutions, and early Bitcoin investors/miners.

Male vs Female Bitcoin Awareness: According to another survey, 78% of male survey respondents reported being aware of Bitcoin, while only 71% of females were aware of this particular digital asset (18+ or Older).

Massive Blockchain Investments: As blockchain is accepted and utilized across different industries, the U.S. is poised to remain at the forefront of innovation. It is projected to spend $4.2 billion on blockchain solutions.

Complete Study Results: https://simplemoneylyfe.com/cryptocurrency-statistics

Simplemoneylyfe.com is a leading financial website that covers the blockchain, financial, and credit industries. We simplify complex financial topics into digestible (action-oriented) information.

Oasis Pro Markets LLC Receives U.S. Regulatory Approval for its Digital Security Alternative Trading System 9463

Oasis Pro Markets (“Oasis”), a regulated broker-dealer, announced today that it recently received approval from FINRA and the Securities & Exchange Commission (SEC) for its Digital Security Alternative Trading System (“ATS”).

Oasis is the first US-regulated ATS allowing Subscribers to trade digital (“blockchain”) securities and make payment for those digital securities in digital cash (i.e., Stablecoins such as USDC and DAI and, when available, central bank digital currencies (“CBDCs”) or fiat. Oasis’s ATS is authorized to allow its Subscribers to:

  1. Trade both registered and unregistered securities on the ATS
  2. Trade digital securities OTC
  3. Trade both equity and debt in digital form through the use of a blockchain
  4. Invest in initial private offerings that can be recorded on a blockchain

Approval for the ATS comes after working closely with the SEC and FINRA to ensure the platform offers legally compliant, regulated trading of digital securities.  Expected ATS launch date is Q2 2021.

“Obtaining approval with the world’s leading financial regulatory bodies has the potential to unleash a tremendous market opportunity; it advances investor protections, and coupled with digital cash, has the potential to unlock trillions of dollars of value in the digital securities space,” said Pat LaVecchia, CEO and Co-Chairman, Oasis Pro Markets. “Moving quickly with a regulation-first mindset, digital cash for digital security, and a deeply experienced team is a tremendous competitive advantage, and the only way to ensure that digital securities trading is viable long-term within the U.S. financial system.”

Oasis’s ATS provides access to liquid private and public digital security markets, via a secure interface that offers a range of custodians and digital security investments.  The ATS focuses on

  1. Institutional Quality Interface
  2. Overall Low Cost of Trading
  3. Liquidity with leading Market Makers
  4. Regulatory Protections
  5. Robust Technology

“Oasis’s ATS is set apart from other trading systems by the ability to accommodate Stablecoins and enable a more accessible, liquid, and transparent market for privately offered digital securities. We have worked tirelessly to deliver a low friction, digital security trading platform with streamlined onboarding and the type of volume that will excite issuers of securities and subscribers alike, whether accredited or institutional investors,” added Joseph Quintilian, Co-Chairman, Oasis Pro Markets.

“The only responsible path to successful financial industry adoption of blockchain’s advantages in digital securities trading, is through registered entities acknowledging the unmatched benefits and credibility that is provided by a regulated financial system,” said LaVecchia.