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Crypto Valley Association, World’s leading Blockchain ecosystem.

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Switzerland is among the pioneers in accepting Cryptocurrencies, Blockchain Technology along with ICO's so it is deemed as the Crypto Valley of the world

Switzerland’s Crypto Valley Association is thriving by leap and bounds.

Introduction

The cryptocurrencies are still in their nascent stages and its technical applications are spread across the world. While some of the countries embrace the technology some of the others have taken from decisions to ban it. Therefore, the effective nurturing and development of the technology is constantly faced with hindrances. The technology can only develop in a good way only when there are suitable facilities required by the technology in one a single place itself, rather than being distributed among different people in different places. Let us read about the Crypto Valley, Switzerland.

 

Switzerland – The Crypto Valley

The technological developments in Switzerland with respect to the Blockchain Technology and cryptocurrencies have been very appreciable. With its amazing financial market capabilities, which is evident from the fact that almost 27% of the total of-shore Global wealth is vested with Switzerland, it is no wonder that the locale is also one of the favorites for Blockchain Technology and cryptocurrencies. Switzerland was one among the pioneers in accepting the Cryptocurrencies, Blockchain Technology along with Initial Coin Offering. Therefore it was also deemed as the Crypto Valley of the world. Nevertheless, later on, this unofficial name given to the Nation was envisioned to initiate an official Association which would integrate various blockchain based institution for the growth and development of the industry.

 

The Crypto Valley Association

In January 2017, the Crypto Valley Association was established which integrates a number of Blockchain startups in the country for the overall development of the cryptocurrencies. Founded in the city of Zug, Switzerland, the association was led by 5 Board members who are also representatives of the technology at an international level. Switzerland was favorable for this initiation due to its blockchain friendly environment and the incorporation of the decentralization paradigm. This association was introduced to further strengthen the attributes of Switzerland with respect to the Blockchain Technology.  

Even the financial regulators in Switzerland has been endorsed by a number of prominent figures in the Crypto field, as they say, that they are the only some of the handful of regulators who seems to have understood the real application and working methodology of the Blockchain Technology. In the year 2017, most of the Crypto based Initial Coin Offerings had raised $550 million collectively which accounted for 14% of the global ICO market.

How does Crypto Valley Association help?

The concept was initially put forth by Johann Gevers, as he moved his startup Monetas to Zug, Switzerland in 2013. It was then he realized the potential of such an Association in Switzerland. The association assist in connecting various Crypto organizations with each other to create an enterprise and jointly work to solve a particular problem. They even help in pushing research and development along with initiating events like hackathons to keep alive, a spark in the crypto domain.

 

Associating one’s company with the Association is highly advantageous as joining hands with them would enable the startup to gain access to some the most scarce features like best talent in the industry, deep capitals, getting to know the working paradigm of startups and major companies. Most importantly when surrounded by people with similar values and beliefs even the impossible becomes possible, in short, The Crypto Valley is the hub of most of the cryptocurrency development around the world.

Companies collaboration with the Crypto Valley

This amazing venture any blockchain field has attracted this supports from various prominent organisations in the field like the canton and city of Zug, Monetas, Switzerland Global Enterprise, Bitcoin Suisse, the Digital Finance Compliance Association, the Bitcoin Association of Switzerland, Lucerne University of Applied Sciences and Arts, Ethereum, the Greater Zürich Area, the Swiss Financial Market Supervisory Authority (Finma), MME Legal, etc. all of which has played a major role in sustaining the association.   The vibrant community is also supported by the Swiss Federal Government.

The Crypto Valley Association initiates a number of Blockchain related events including conferences and hackathons to improve the Blockchain development around the world. Apart from Bitcoin and Ethereum most of the cryptocurrency organizations has achieved its success in making use of the economic support provided by Switzerland. There are very positive vibes in the country where healthy competition seems to be taking place between the Crypto Valley, Zug, and Chiasso.   

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Can France become the Blockchain Nation?

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French MPs have recently put our a proposal trying to make France become the Blockchain Nation. This is a raft of 20 different proposals.

French MPs have recently put our a proposal trying to make France become the Blockchain Nation. This is a raft of 20 different proposals all aimed at trying to make France the number 1 Blockchain Nation specifically citing that they do not want to miss the train on this like they did the internet.

MPs in France are proposing to have a 500 million euro investment fund in order to stimulate the blockchain industry in France. They are focusing on trying to get public institutions to get into blockchain. The proposals include the Central Bank of France issuing their own cryptocurrency and providing subsidies for cryptocurrency miners.

Recently we did have legislation coming out of France that they want to make it much easier to have ICOs in France. They are aiming to attract teams from all over the world o come to France and have their ICOs.

 

Writers thoughts:

The central bank of different nations are planning to issue their own crypto assets but it recreates the problem that we are trying to solve with cryptocurrencies.

Giving subsidies to cryptocurrency miners is not actually good for the crypto community as the mining industry should remain competitive. The government of different nations should not be giving them preferential energy rates especially in France where it is mostly a nuclear-powered nation.

Setting up a legal framework for ICOs is exactly what is needed in terms of regulation.

Along with all of this, there is also a formal taxation policy which is coming up in France and all of this coming together is quite awesome. This is regulatory clarity and this is what a lot of companies and institutions are desperately asking for. This is the main reason why more and more companies are moving to nations such as Malta, Japan, and Switzerland as they have regulatory certainty. France which is one of the world’s biggest economies is hopping on board with the new proposals, the recent announcements about ICOs, taxation, tobacco shops to sell bitcoin from next year and recently setting up something called the ‘Mediterranean Seven’ which includes Spain, Portugal, Cyprus, Italy and Greece led by France with the mission to improve education in usage of blockchain technology in industries such as healthcare, transport, land, company registry, shipping and much more.

 

What are your thoughts on the above? Tell us in the comments section below.

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Blockchain and Oil Industry: IBM partners with ABNOC

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IBM is teaming up with the Abu Dhabi National Oil Company to create a blockchain supply chain system. The blockchain solution is currently in pilot phase.

IBM is teaming up with the Abu Dhabi National Oil Company or ABNOC to create a blockchain supply chain system. The blockchain solution is currently only in its pilot phase but this is no small announcement for ADNOC as ADNOC has a daily output of about 3 million barrels of oil in 10.5 billion cubic feet of natural gas. ADNOC’s digital unit manager had the following to say about the blockchain pilot:

“Blockchain is a game changer. It will substantially reduce our operating costs by eliminating time-consuming and labor-intensive processes. It will strengthen the marketing and trading of our products and create long-term sustainable value.”

 

Blockchain for Oil

The blockchain solution will also enable the ability to track every molecule of oil and its value from well to the customer. Also reducing the time to execute transactions between ADNOC’s operating companies and increase operational efficiencies and provide even greater transparency to the industry. The blockchain solution will surely increase the revenue for ADNOC and it may increase the efficiency of delivery and hopefully reduce waste.

The oil industry is currently attempting to extract a little bit more wealth before the renewable revolution takes place. But even though we have a boom in renewables, the infrastructure is lacking in many places globally and oil is here to stay with us at least for some time in the coming future. This is the first oil blockchain solution which will surely attract more oil blockchain solutions in the coming future.

 

The third industrial revolution will surely be not an oil-based revolution. The renewable revolution will basically be unstoppable. What do you think about the future of blockchain and oil industry? Tell us in the comments section below.

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CoinMarketCap is now on Telegram and very community-driven

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CoinMarketCap, a platform that has been serving the cryptocurrency community since 2013, now has an official Telegram group to educate the community

CoinMarketCap, a platform that has been serving the cryptocurrency community since 2013, now has an official Telegram group to educate the community about latest happenings in the world of cryptocurrency & blockchain with market updates, relevant news, and educational content.

 

CoinMarketCap

CoinMarketCap is the most used websites amongst the crypto enthusiasts, having a great user experience. The platform provides a comprehensive breakdown of the current price of more than 2000 cryptocurrencies in the market. The price is calculated by averaging the prices of top cryptocurrency exchanges weighted by volume. CoinMarketCap offers essential data such as historical price charts, coin information, ranking, the market capitalization of each cryptocurrency, circulating supply along with the 24-hour volume for the millions of cryptocurrency enthusiasts.

 

CoinMarketCap for Traders

CoinMarketCap is also an excellent tool for traders for viewing the hourly, 24 hours or 7-day percentage change of a particular coin. The information on the platform is updated in real time. CoinMarketCap fetches real-time data from top cryptocurrency exchanges and ranks the top 100 exchanges for traders to choose from and decide which one is the best suitable for them. In summary, CoinMarketCap can be called a solution for all cryptocurrency related data that anyone needs for investing, trading or understanding cryptocurrencies. CoinMarketCap now offers a pro API plan which provides more robust data endpoints for subscribers.

 

CoinMarketCap Community Group

CoinMarketCap has recently announced the launch of their official Telegram group which aims at connecting the entire crypto community with market updates, relevant news, and educational content. It’s also a great space to bond, share and learn about crypto related topics with the peers in the community.

 

How do you join the group?

To join, simply download Telegram Messenger onto your mobile phone or desktop.

Telegram Messenger also works on the web: https://web.telegram.org. Once you have successfully registered on Telegram, you can search “CoinMarketCap Community” in the search bar. Users can also click on the following link to join the group instantly: https://t.me/CoinMarketCap

 

CoinMarketCap Chat Bot

CoinMarketCap also has an interactive chatbot: @CoinMarketCapBot which will allow you to have an interactive experience through choosing your own adventure on market updates, latest cryptocurrency news, and educational content.

This is a great new way of receiving quick updates in the crypto market. The whole thing only takes a few minutes and the interaction with its sassy bot is not only informative but also quite entertaining!

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