12 Days of Coinbase: Cryptocurrency is Going to be a Great Democratizing World Force

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12 Days of Coinbase: Cryptocurrency is Going to be a Great Democratizing World Force
On the first day of Christmas
Coinbase sent to me:
Cryptos turned into Uber e-giftcards
On the second day of Christmas
Coinbase sent to me:
Donated ZCash for Venezuela
and Cryptos turned into Uber e-giftcards…
Ok, we at Coinspeaker are pretty aware that this is not how the song goes but nevertheless it’s true. The popular cryptocurrency exchange Coinbase launched a new 12-day event similar to the popular Christmas carol of ‘The 12 Days of Christmas’.
The Christmas carol has been long known to be a song that talks about giving gifts to loved ones in a 12 day period. In the classic song, the value and importance of each gift increases as the days go by with the first day being Christmas day.
Unlike the popular song, the team at Coinbase chose to start their 12 days of giving on the 10th of December. The 12-day event ends on the 21st of December which is four days before Christmas.
So, in order to create tomorrow’s open financial system, Coinbase decided that it should be good not just to allow people to buy crypto, but also to use it.

“Our recent shift in strategy is really driven by customers. When we asked customers the number one thing they want, they told us it’s adding new cryptocurrencies to the platform.”
— Coinbase (@coinbase) December 11, 2018

Day 1 saw Coinbase announcing that users could buy gift cards so that family and friends could get some Uber, Adidas and Nike surprises through its U-gift program.
GiveCrypto.org (founded by CEO Brian Armstrong) takes some of the best parts of that system: cross-border accessibility, ease of small payments, and real-time transfers, all in order to empower those who don’t have enough in legacy economy. That’s why they decided to use 12 Days of Coinbase as an opportunity. First was making a $10,000 donation in Zcash ($ZEC) to support their pioneering work.
The CTO of Coinbase said that he is aware of us having a global economy and as such, a need for a global digital currency.
“The technology makes us richer and wealthier because it takes less time, less money and less effort to make something done.”
Coinbase Presents: How Cryptocurrency Creates Economic Freedom
In their new video, for the “third day of Christmas”, Coinbase tried to explain their mission and their vision about how cryptocurrencies can change the global economy and why is that important.
Brian Armstrong, the CEO of Coinbase said:
“Cryptocurrency is gonna be a great democratizing force for the world because it’s gonna allow anybody with cell phone to access the financial services. There are around 1,8 billion people in the world that have cellphone but no access to any of the financial services. Here lie benefits of cryptocurrency and the blockchain. There is no middlemen while transferring money.”
Julia Rose West, a Coinbase customer and a futurist explains that this is going to transform how we think about real global economy.
“I think we first have to define what currency means. What currency does is that it allows us to agree about how much something is worth.”
Why give crypto rather than cash? Coinbase says that they are aware that many families lack reliable access to bank accounts, and even if they do, the Bolivar (the fiat currency of Venezuela) is highly inflated and volatile. As a result, cash gifts can be of little value to many of those in need. However, crypto and GiveCrypto.org’s network of vendors provides a direct, stable line of support.
In Coinbase they say:
“We’re proud to support GiveCrypto.org’s approach, which is underpinned by a growing body of evidence showing that direct-cash transfers are an effective way to help those in need. But we also know that this gift is just a start. GiveCrypto.org and peer organizations will need more support from us and the community as they create inroads where crypto can help.”
Decentralization seems to be a problem for some companies nowadays. Last example was Ripple whose CEO Brad Garlinghouse had to hit back hard at naysayers who have criticized the XRP ledger for being centralized.
Garlinghouse was abruptly clear on his position by saying that XRP is “fully decentralized.” He went on to accuse some naysayers of fighting “holy wars” and “spreading misinformation” because they have an economic interest in doing so.
In Coinbase, they believe that decentralization is important because “if we all have the same currency, we will take care of it. We’ll have positive outcome, as well as the global economy.”
Just few days ago, Coinbase revealed that they are working on exploring support for the second-largest cryptocurrency. They have confirmed that they are continuing to explore the addition of new assets. This work also includes close cooperation with regulators and banks in order to make these new cryptocurrencies available for Coinbase customers in as many jurisdictions as possible.
The company has also published the list of 31 potential new additions which includes among others the above-mentioned XRP, EOS, Cardano (ADA), NEO and Tezos (XTZ).
They are also inviting everyone who can or want to join them in this holiday season, in donating to organizations making open financial transactions possible for people everywhere: just press here or here.
All I Want for Christmas is ZCash?
The second day of donations is dedicated to Venezuelan crisis. Donation will also get to support GiveCrypto.org’s project in the Venezuelan border town of Santa Elena de Uairen. With that gift, the organization will put $1 USD worth of crypto directly into the crypto wallets of more than 100 families in Santa Elena every day for 3 months.
With that, recipients will be able to purchase food and basic supplies at a local store that accepts payments in crypto, subsidizing everyday expenses. Just for example, the $1 USD equivalent per day can buy 1–2 kilos of protein or 2-kilos of starches and vegetables. Recipients will come from the networks of Venezuelan families already in GiveCrypto.org’s program with Bonnum.
With a virtually non-existent virtual currency, the Petro, doing absolutely nothing to lift the economy, and inflation rising at alarming rates, eclipsing Germany in the Second World War, nationals are fleeing to neighboring South American countries for refuge. Venezuela is not in good shape, despite Bitcoin donations pouring in to alleviate pressure on some families. The local currency the Bolivar is now almost worthless.
Zcash is the latest token to be added to Coinbase Pro, the company’s trading platform for professional investors. Coinbase has stated that it is now looking into adding several new tokens to its list of offerings after several customers’ ongoing wishes for more assets.
The exchange has recently announced that its new strategy is driven by customers. They have noted that the one thing their customers want is new cryptocurrencies on the platform. This in turn leaves the door wide open for the exchange to list popular cryptocurrencies such as XRP, Stellar (XLM) and Cardano (ADA) as part of their 12 day event.
However, every story has two sides. Addressing Armstrong, software developer Udi Wertheimer lambasted what he viewed as a display of miserliness. He tweeted:
“The ‘Venezuela meme’ has been overused by ‘crypto’ scammers for years now, but I’m shocked to see Brian do the same.
Giving $1-worth of Zcash to Venezuelan families? (Get the f*ck out). Give them USD cash you piece of shit. Unbelievable[.]”
Coinbase’s publicity woes had continued from last week. Publishing an article about the exchange’s plans to introduce 30 new altcoins to its books, TechCrunch – perhaps inadvertently – gave it a URL describing Coinbase as “dabbling in shitcoins.”
12 Days of Coinbase: Cryptocurrency is Going to be a Great Democratizing World Force

Big Names Join the Hyperledger Blockchain Project Community

CoinSpeaker
Big Names Join the Hyperledger Blockchain Project Community
Linux-backed blockchain project Hyperledger confirmed on December 12 that it had added 16 more members. This announcement featured in Basel, Switzerland during the Hyperledger Global Forum. The project is an umbrella that comprises of many blockchain frameworks and tools primarily targeting enterprises.
The Hyperledger Project is a combined effort created to develop blockchain technology. It works by identifying and addressing vital features for a cross-industry open standard for distributed ledgers. The members strive relentlessly to transform the methods business transactions executions globally.
Many entities worldwide have already implemented the distributed ledger technologies (DLTs) developed via Hyperledger successfully.
The New Members
Among the new members are big names such as Alibaba Cloud, financial services firm Citigroup, and Deutsche Telekom. Also, the European blockchain trading platform We.Trade joined the ever-growing list of dedicated members. Hyperledger executive director Brian Behlendorf said:
“The growing Hyperledger community reflects the increasing importance of open source efforts to build enterprise blockchain technologies across industries and markets.”
Since the Hyperledger is an open community, it is open to contributions from other communities. Some of the contributors include government agencies, non-profits, and open source projects. All of them are hhonoredwith the status of open members. The latest members joining the community as associate members include Sun Yat-sun University, and Wall Street Blockchain Alliance.
Business School of Hunan University and Association of Blockchain Developers of Saint Petersburg also feature as recognized associate members. Some of the new entrants had good things to say about the community. The leader of the Innovation Network & Emerging Technology unit at Citi Ventures, Beth Devin, said:
“We believe blockchain has the possibility to drive new forms of efficiency and create new markets, and are happy to join the Hyperledger project to advance our exploration.”
Progress
At the beginning of October, the Enterprise Ethereum Alliance (EEA) and Hyperledger made a joint announcement. They informed the media and the general public that they had become significant associate members in each other’s group. This was market-moving news since the two entities operated as great rivals in the blockchain world previously.
Also in October, Deutsche Bundesbank, the central bank of Germany, joined hands with securities marketplace organizer Deutsche Boerse (DB). They completed the trial of a blockchain solution successfully in the settlements area. The transaction speed and volume of a production system were tested extensively on the Hyperledger Fabric framework and Digital Asset.
At the beginning of December, the Hyperledger Technical Steering Committee authorized the development of the Ursa project. The Ursa modular cryptography software library program primarily aims at avoiding wasted work on duplicate projects. The committee said that the software will:
‘Enhance security by simplifying analysis and making it less likely for less experienced people to create their own less secure implementations.’
They eventually aim at interlinking the entire world to ensure that blockchain becomes applicable in people’s daily lives.
Big Names Join the Hyperledger Blockchain Project Community

Why Ethereum Co-Creator Isn’t Worried About ConsenSys Being Profitable for a While

Joseph Lubin is the co-creator of Ethereum and the CEO of ConsenSys, a blockchain venture studio. In a recent interview, Lubin explained what ConsenSys has been up to as of late, and why it doesn’t matter if the company isn’t as profitable as it once was.
Ethereum Gets Its Grand Entrance
Lubin first met Vitalik Buterin – the primary brains behind Ethereum – in 2013. He worked with Buterin and his team to build the Ethereum Network and establish its reputation as not just a cryptocurrency, but a platform that could pave the way for future cryptocurrency projects built on Ethereum’s now ever-popular blockchain.
In 2014, he left and founded ConsenSys, which has worked to build startups from the ground up by helping them establish proper executive teams, build revenue and raise capital. Since its inception four years ago, ConsenSys has created developer tools, decentralized apps (dApps) and even its own education and training academy. Many of these projects have since gone on to raise their own capital.
A Simple Project Goes “Boom”
It’s safe to say that ConsenSys has become a solid ecosystem rather than a simple blockchain project. Lubin is said to be the world’s single largest holder of ether – the official cryptocurrency of the Ethereum network – though he’s been putting much of those funds towards keeping his business in operation. ConsenSys has taken some nasty hits this year with the extended price drops of cryptocurrencies like ether, but this isn’t necessarily getting under his skin.
Always Seeing the Positive
When asked if ConsenSys was still profitable, Lubin said:
“We’re still in the burn. We’ll probably be that way for a long time, just because we’ll continually invest rather than try to extract profits. If you [were to] consider some of our token launches revenue, then we’d be profitable, but a lot of those tokens are things that we’re going to keep frozen for a long time. If we calculated everything, then yes, we’re above zero.”
He also says that nothing could have prepared him for the growth rate of ConsenSys, and he admits that the company potentially “grew too fast.” So fast, in fact, that he had little to no time to induct every employee or new individual into the company culture appropriately, though in the long run, he comments that fast growth is always better than slow growth:
“Tons of growing pains, sure. We’re trying to get better with our onboarding process. We’re growing too fast; we felt that was necessary because the alternative, growing too slow, would have been much more problematic for our product teams and consulting arm.”
Let’s Keep Things Fair!
In the end, he comments that ConsenSys isn’t trying to rule the world like Amazon or Apple. Rather, the goal is – and always has been – to keep the world from being ruled:
“We’re trying to decentralize ourselves. Essentially, various technologies have enabled technologists to pile stacks of value higher than ever before. Those stacks of value [have been] contained within firms, but if we have these protocol-based open platforms, these network business models, then ownership will be much more decentralized. We’ll have companies [with] tokenized securities, and we’ll have these networks that offer products and services.”
Do you consider Joseph Lubin to be one of the industry’s leading figures? Why or why not? Post your comments below.
Image courtesy of Shuttershock
The post Why Ethereum Co-Creator Isn’t Worried About ConsenSys Being Profitable for a While appeared first on Live Bitcoin News.

ADAMANT Messenger Update for iOS — ETH and ADM Transactions in Chats!

As expected earlier from the project of the main blockchain messenger with the sounding name ” ADAMANT “, the development team just recently released the next global update for ADAMANT Messenger iOS app. Almost immediately after AppStore confirmation, there was an update in the team’s Medium blog, and by the end of the day the number of downloads had gone up to unprecedented numbers.
What is the reason for such an achievement, especially for a messenger directly related to cryptocurrency?

From the words of the developers, ADAMANT is not just a messenger — they strive to create a multifunctional system for personal and business communication. One of their goals is to implement means for instant exchange of cryptocurrencies and tokens in chats. And, looking on today’s results, these guys successfully implemented it in the latest versions of their apps.
Introducing an update of ADAMANT Messenger for iOS, was emphasized that the app now works approximately 33 times faster and users can send ADM (project infrastructure tokens) and ETH to each other.

Earlier this season, ADAMANT devs already implemented the sending of our own tokens (ADM) in the progressive web app (PWA) as well as ETH and Binance Coin (BNB). Thus, we can send all three of them wallet-to-wallet as well as right in chats. From the team’s Twitter page, it became clear, that this feature successfully passed all tests and received a positive feedback.
Thanks to the latest update, Apple device users can also send tokens via ADAMANT Messenger as we added sending of ADM and ETH in chats in the latest update for iOS.
The main advantage of this feature is its simplicity: you just use a regular messenger’s interface to send and receive transactions. In the Wallet section, you can withdraw your tokens to an external wallet. Since you can rename your contacts and have your own “address book”, you are safe from mistakes when typing a receiver’s address.
Therefore this feature allows you to pay for goods and services in one click as well as instantly send tokens and currencies to your friends and partners.
The fee for transactions in ADAMANT is 100 lower than in banks; sending ETH to any place on the planet costs 0.0004 ETH (~6 cents at the time of this writing).
Besides new types of transactions, this iOS update has another important feat, that wasn’t noticed by ADAMANT’s community, despite this is a huge technical step. The development team has rewritten JavaScript code to native Swift, and this allowed ~33 times faster loading and decrypting speed.
“We worked hard during these three months to release this update, and now proudly present the results.” — says iOS lead developer.

You can download ADAMANT Messenger for iOS in App Store.
ADAMANT has an open source code, that is completely public.
From the words of ADAMANT’s CEO, the team is planning to expand the messenger’s
features further, implementing new tokens and cryptocurrencies transfers, as well as other options.
Source: Official Update
The post ADAMANT Messenger Update for iOS — ETH and ADM Transactions in Chats! appeared first on Live Bitcoin News.

Ripple Price Analysis: XRP Approaching Next Significant Break

Key Highlights

Ripple price is currently consolidating above the $0.2903 low against the US dollar.
There is a significant bearish trend line in place with resistance at $0.3145 on the 4-hours chart of the XRP/USD pair (data source from Poloniex).
The pair may soon make the next move either above $0.3150 or below $0.2903.

Ripple price is preparing for the next key break against the US Dollar. XRP may perhaps decline further below $0.2903 and $0.2800 if there is no break above $0.3145.
Ripple Price Analysis
After a sharp decline, ripple price traded towards the $0.2900 level against the US Dollar. The XRP/USD pair formed a low at $0.2903 and settled below the 55 simple moving average (4-hours). Later, the price started consolidating losses above the $0.2900-0.2910 support area. It recently recovered above the $0.3200 level. Besides, there was a break above the 23.6% Fib retracement level of the last drop from the $0.4098 high to $0.2903 low.
However, the upside move was capped by the $0.3350 level. The stated $0.3350 level was a support earlier and now it prevented a bullish break. More importantly, there is a significant bearish trend line in place with resistance at $0.3145 on the 4-hours chart of the XRP/USD pair. The trend line coincides with the 55 simple moving average (4-hours), which is at $0.3180. Therefore, a proper break above the $0.3145 and $0.3180 levels is must for an upside break. The next resistance is at $.3350, followed by the 50% Fib retracement level of the last drop from the $0.4098 high to $0.2903 low.

Looking at the chart, ripple price seems to be preparing for the next move either above $0.3145 or below $0.2903. If there is a bearish break, the price could drop to $0.2650 or even $0.2500.
Looking at the technical indicators:
4-hours MACD – The MACD for XRP/USD is in the bearish zone.
4-hours RSI (Relative Strength Index) – The RSI for XRP/USD declined below the 50 level.
Key Support Level – $0.2903
Key Resistance Level – $0.3145
The post Ripple Price Analysis: XRP Approaching Next Significant Break appeared first on Live Bitcoin News.

Former AriseBank Executives to Pay a $2.7 Million Charge for ICO Scams

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Former AriseBank Executives to Pay a $2.7 Million Charge for ICO Scams
The U.S. Securities and Exchange Commission (SEC) has ordered two former executives of AriseBank, which was considered to be the first decentralized bank offering a variety of services to retail investors, to pay nearly $2.7 million in fines for fraudulent initial coin offering (ICO). Moreover, they are prohibited from serving as officers or directors of public companies or participating in future offerings of digital securities.
The announcement of the SEC reads:
“Rice and Ford lied to AriseBank’s investors by pitching the company as a first-of-its-kind decentralized bank offering its own cryptocurrency for customer products and services. The officer-and-director bar and digital securities offering bar will prevent Rice and Ford from engaging in another crypto asset-based fraud.”
It all started earlier this year when the SEC halted a fraudulent initial coin offering by AriseBank to raise $1 billion for its “AriseCoin” cryptocurrency, which was considered to be one of the largest initial coin offerings ever. After carrying out an investigation, the Federal Bureau of Investigation (FBI) arrested AriseBank’s CEO Jared Rice for efforts to deceive investors of over $4 million.
The former executive alleged that the company could offer “FDIC-insured accounts and traditional banking services, including Visa-brand credit and debit cards, in addition to cryptocurrency  services.”
The firm was supposedly based in Texas. However, the Texas Department of Banking insisted on its closing as the company was never approved for providing financial services in the state. Rice lied about the firm’s associations with Visa and Federal Deposit Insurance Corporation (FDIC) accounts and was not authorized to offer banking services in Texas. He had no access to FDIC insurance and had no partnership with Visa at all.
The AriseBank’s CEO was embezzling investors’ funds while posting AriseBank’s “nonexistent” benefits both in printed press releases and online.
After the case has been cleared, AriseBank’s assets have been frozen, as the appointment of a receiver for those assets has been approved tied to the ICO fraud. AriseBank founders Jared Rice and Stanley Ford will pay civil penalties of $184,767 each. Moreover, they will pay $2.26 million in disgorgement and $68,423 in prejudgement interest.
ICOs Can Still be Effective Way to Raise Capital, SEC Chairman
AriseBank is one of the first to be sued by U.S. regulators over its initial coin offering. However, that does not mean that the SEC has a negative attitude towards ICOs.
Recently, SEC Chairman Jay Clayton spoke at the Consensus Invest Conference, where he enumerated the advantages of ICO for fundraising. He said:
“I believe that ICOs can be effective ways for entrepreneurs and others to raise capital.”
At the same time, Clayton pointed out a number of concerns surrounding the ICOs, saying that under the existing state, ICOs provide less investor protection in comparison to other fixed income markets and traditional equities., that’s why investors should be careful.
Former AriseBank Executives to Pay a $2.7 Million Charge for ICO Scams

Online Lender Transparency Dictates Caution

CoinSpeaker
Online Lender Transparency Dictates Caution
The act of comparison shopping has never seen levels of activity in the past as it does today. That rings especially true when addressing the lending industry. It is an industry that has for years seen borrowers in the position to choose solutions that are right for their budget in theory, even if not in practice.
However, while there is some information that is oversaturated, others are scarce in the lending marketplace, which may come as a surprise due to the constant barrage of lenders offering loans. That lack of information equality for borrowers is something this article will address by providing an overview of the lending landscape, and in doing so, offer some viable solutions.
One of the efforts to combat the problem in the U.S is SMART Box. This was created by OnDeck, CAN Capital and Kabbage and is designed as a smart tool that identifies the costs for any loan borrowers are considering.
The purpose of SMART Box is to see transparency improved and act as a self-regulating tool within the lending industry with a goal of making it easier for borrowers to compare lenders and loans being considered. The side to borrowing that is most difficult for consumers is how the information is presented, and with SMART Box, it is presented in a standard format and language that is easy to understand.
One of the key factors in lending, and borrowing is interest rates, and as long as lending has existed, this is what defines a loans affordability. However, as history has shown, the interest rate is not reflective of the true cost of borrowing when considering the annual percentage rate (APR).
It is the most widely used metric for the determination of a loan being affordable. In the case of loans that are long-term, or more traditional, the APR is meaningful, but for short-term loans, it can be less relevant for the customer.
This is even more relevant when comparing alternative products to those that are more traditional. The reason for this is you have to consider the time invested in the application process, and that is even more so relevant for business owners as studies have shown most invest over 30 hours on any given loan application with a traditional lender.
That amount of time could increase with alternative lenders, and that is relevant to the cost applied versus hours invested, this also has to be factored into the equation and bottom line.
The government’s efforts to create cost-comparison transparency between alternative and traditional lenders were thrown into array with the inclusion of fintech lenders (online lenders). The result has seen an overload of outdated and incompatible information that has those operating in this realm at a disadvantage.
However, the release of SMART Box and similar technologies is helping to bridge that gap through the highlighting of measuring costs, and for those smaller based business working can result in immediate financial returns.
In these situations, loans that are 2-3 years in length will often see a lower APR, but often the case is you are paying more due to the money being kept for periods that are longer than actually needed. This often is the case with credit card lenders who finance those with spending habits that are not always healthy.
Often these relate to people who give in to impulse shopping or those that use lending methods to finance recreational spending with products such as vacations or sports betting as advertised on sites such as Nostrabet, a leading sportsbook information site. In those cases, borrowers are actually seeing higher lending costs than the money spent, and that can make it unaffordable id carrying over balances several months.
What really needs to be understood is whether the advancements in lending technology will carry the appropriate ethical responsibilities that should be associated with something that is new to the industry. That will only be effective if the end user, which is the customer can have confidence in its abilities to be an effective tool.
Online Lender Transparency Dictates Caution

Report: Venezuela State Oversteps All the Limits as Pensioners are Now Forced to Use Petro

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Report: Venezuela State Oversteps All the Limits as Pensioners are Now Forced to Use Petro
For nearly a year already the world has been monitoring the situation with Venezuela’s own cryptocurrency called the Petro. According to the country’s president Nicolas Maduro, their state-owned digital asset is able to help the country to recover after its economic collapse and to get over the financial sanctions imposed by the U.S. government.
Pensions in Petros
The government in Venezuela is doing its best to make people use this controversial cryptocurrency. Some measures seem to be really too radical and unfair. According to the local media, the country has begun to covert pensioners’ monthly payments into the Petro.
Earlier, these payments were made in the country’s traditional fiat currency known as bolivar. Nevertheless, now the usual sum in bolivars will be exchanged to the Petro automatically regardless the desire of elderly people.
The financial situation in the country still remains very difficult. Especially for pensioners, it’s really hard to make both ends meet. A year of hyperinflation has made people too dependent on their monthly payments.
The government sends these bonuses to people via the specially created pension portal that is known as Carnet de la Patria system. Normally, when the payments were made in bolivars, citizens could transfer these sums to their bank accounts and withdraw the fiat from a local branch (nevertheless, quite often it could be not so easy as it sounds, people needed to spend the entire day in the bank in order to get their money).
Now, these sums will be automatically swapped into the Petro. But to get at least these funds people need to connect their Petro wallets to their pension portal accounts.
Moreover, it looks like the government is too optimistic about their cryptocurrency, as they even offer people to enjoy the benefits of a new savings plan option. They offer citizens to convert their bolivars into petros with a view to keep them safe from the hyperinflation.
Nevertheless, it is very important to note that the Petro still can’t be used. But as it is reported this digital currency can be exchanged back to bolivars.
Maduro revealed the plans to integrate the Petro into the country’s pension system four months ago during a televised event.
Other Petro Promoting Initiatives
But this controversial idea with pensions is not the first one that the government has tried to implement. In August the country introduced its new accounting system with the Petro as the second official currency,
This autumn, Coinspeaker also reported about the country’s plans to make it obligatory to pay for passports using the Petro.
But the freshest news that has wowed the community is Maduro’s speech in which he stated that according to a new program that would enter into force in 2019, the country would take payments for its oil production in the Petro.
Report: Venezuela State Oversteps All the Limits as Pensioners are Now Forced to Use Petro

France to Turn into ‘Blockchain Nation’ by Investing 500M Euros in the Technology

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France to Turn into ‘Blockchain Nation’ by Investing 500M Euros in the Technology
France is on its way to becoming a blockchain nation. In September, the French authorities accepted the legal ICO framework drafted in early 2018.  Dedicated to Initial Coin Offerings (ICOs), the framework allows to approve and issue permits to companies wanting to use ICOs as a method of raising capital.
The government has also lowered taxes for capital gains, signed joint declarations with other European countries promoting cryptocurrency use, and even started to sell Bitcoin and Ethereum at local tobacco shops.
The news that has come from the French Parliament (Parlement français) further delights crypto fans. Yesterday, Jean-Michel Mis and Laure de La Raudière, members of the French Parliament, released a report that contains recommendations of investing up to €500 million in blockchain and outlines 20 proposals on how the development and mass adoption of the technology can be supported.
Jean-Michel Mis said (according to a rough translation):
“2019 will be the year of the blockchain in France. This 10-year technology is moving out of the experimental stage into industrial implementation. The public will see the emergence of its uses in their daily lives.”
According to Laure de La Raudière, France has to benefit from using the blockchain and preempt its rivals. She said:
“France must have a conquering philosophy on this subject. I’m sounding the alarm: It is time to invest…We must accelerate with French and European public money.”
In an interview with local media, Laure de La Raudière explained that governments should implement blockchain to follow the example of the private sector.
In October, French grocery chain Carrefour started using the distributed ledger technology for its supply-chain management to prevent food contamination. Carrefour is using blockchain to track chicken, eggs, and tomatoes as they travel from farms to stores, which helps to prevent a problem of salmonella outbreaks.
She said:
“Take the example of agribusiness. To have an interesting blockchain in terms of traceability and food security, it is necessary to bring together distributors, producers, logisticians, the industrialists … And do not let only one actor manage the network as Carrefour or Casino can do today.”
Laure de La Raudière added:
“The state could therefore do the same to reduce public spending and be more efficient.”
Further, Laure de La Raudière suggested that a central bank, such as the Bank of France or the European Central Bank, can consider issuing digital currencies, which is similar to what IMF’s head Christine Lagarde proposed earlier. Moreover, the deputy of the French Parliament suggested the opening of bank accounts for blockchain-centered businesses which must register with the Autorité des Marchés Financiers (AMF), the French stock market regulator.
Laure de La Raudière and Jean-Michel Mis believe that the blockchain technology can have a sufficient influence on the development of the country, strengthening its position on the world stage. They said:
“France must have a conquering philosophy on the subject with the State in the first place, both as a user and federator of projects.”
Indeed, if blockchain research has significant investments, maximizing France’s position is possible.
France to Turn into ‘Blockchain Nation’ by Investing 500M Euros in the Technology

Stellar Price Analysis: XLM/USD Trends of December 13–19, 2018

CoinSpeaker
Stellar Price Analysis: XLM/USD Trends of December 13–19, 2018
Key Highlights:

Stellar price is consolidating;
the bears were in control of the XLM market;
XLM price will breakout soon.

XLM/USD Price Long-term Trend: Bearish
Supply levels: $0.13, $0.17, $0.21
Demand levels: $0.09, $0.06 $0.04On the long-term outlook, XLM is still in a downtrend. The formation of a bearish engulfing candle on November 19 signaled the bears’ domination on the Stellar market. The bears’ pressure dropped the XLM price to the low of $0.13 price level on November 25. Stellar price engaged in a range bound movement for a week.
On December 5, the Bears’ momentum broke the former demand level $0.13 downside and the coin was exposed to the demand level of $0.09. The crypto has been consolidating since last week between the supply level of $0.13 and the demand level of $0.09.
The Stellar price is below the two EMAs, which implies bears’ pressure. The stochastic oscillator period 14 is in the oversold region and its signal points down at around 18levels. This suggests further downward price movement in the long-term. A breakout at the supply level of $0.13 may be considered for a long position while a breakdown at the demand level of $0.09 may be a short position with good candle pattern as confirmation for entries.
Traders are advised to be patient before taking any position.
XLM/USD Price Medium-term Trend: Ranging
XLM is in a ranging movement on the medium-term outlook. XLM price fell to the low of $0.10 from the high of $0.17 price level on December 7. Neither the bulls nor the bears were able to push the coin above or below this level, thus, the Stellar price started consolidation within the range of $0.13 and $0.09 price level.
Stellar price is ranging in between and below 21-day EMA and 50-day EMA, the two EMAs are closed which indicates that consolidation is ongoing. The Stochastic Oscillator period 14 is above 20 levels pointing down, which implies further selling of XLM price.
Stellar Price Analysis: XLM/USD Trends of December 13–19, 2018