World leaders focus on technology and governance in Davos

The World Economic Forum is one of the world’s most important political and economic events. Every January, leaders and business personalities from around the globe gather in Davos for a week of discussions about urgent issues affecting societies today. This year, after months of rampant security and privacy scandals, as well as multiple social media crises, key figures got together to assess how technology can be deployed in a safe and constructive manner.

The theme for 2019 was Globalisation 4.0 and the spirit underpinning the event was international cooperation for solutions to improve global order. In times of economic uncertainty and political fragmentation, the forum was a chance for the world’s most prominent figures to discuss how technology can help improve people’s quality of life, particularly in emerging economies and developing countries.

Technology is no doubt a hot topic for governments and business leaders. The Fourth Industrial Revolution, aided by the development of disruptive technologies such as artificial intelligence and blockchain, is projected to unlock $3.7 trillion in economic value by 2025.

Speaking of disruptive technologies, Google CEO Sundar Pichai highlighted in his keynote interview that we can expect significant developments in AI for the coming months. Pichai said that AI has a fundamental role in the new phase of globalisation and reshaping understanding of technology uses.

“AI is probably the most important thing humans have ever worked on,” said Pichai. “I think of it as something more profound than electricity and fire. Any time you work with technology, you need to learn how to harness the benefits while minimising the downsides. Stepping back, when you think about a lot of problems in the world, we typically have a constraint on resources. AI for the first time offers a different construct.”

But whilst Globalisation 4.0 brings many economic opportunities, it also poses challenges. Concerns over data privacy, cyber security and fake news are some of the most relevant examples of the unwanted consequences of widespread technological developments. The Davos meeting’s exact purpose was to shine a light on those problems and call for collective international action.

One of the important pieces of news in the 2019 forum was the launch of WEF’s Global Center for Cybersecurity, which will be headquartered in Geneva and start activities in March. The Center will work alongside governments and companies in the private sector to facilitate information gathering and sharing. It will also develop strategies such as the Cyber Resilience Playbook to help create appropriate regulatory frameworks to enhance cybersecurity practices.

Also touching on sensitive topics, German Chancellor Angela Merkel spoke about the urgency with which governments need to act in taking care of data privacy. Germany is a major defender of the EU’s General Data Protection Regulation (GDPR) and has a strict set of social media rules. The Chancellor emphasised the intrinsic value of data in the current global scenario and the great responsibility that companies carry when handling individuals’ personal information.

“Data will be the raw material of the 21st century. The question ‘who owns that data?’ will decide whether democracy, the participatory social model, and economic prosperity can be combined,” said Merkel.

In regards to regulations, the forum offered a much-needed chance for businesses and governments to engage in dialogue. Mark Benioff, CEO of Salesforce, highlighted that the tech industry will continue to evolve, regardless of the influence of authorities. The most effective solution, he says, is to make sure regulators hold companies to account when it comes to malpractices.

“The point of regulators and government is to come in and point true north. In the tech industry, we’ve been remarkably clear of those regulatory concerns for the whole industry’s lifespan. We’re seeing signs now, maybe we’re not completely there yet, but especially when you see what happened with the election and social networks and with CEOs who fully abdicate their responsibilities and say I had no idea this was happening,” said Benioff

“There’s no way regulators can keep up with the speed of technology, but they can play a role with accountability,” he added.

European Blockchain Partnership aims to contribute to the creation of an environment in full compliance with EU regualtion and with clear governance models to help blockchain technology grow in Europe via Spot9

If in developed nations, the discussions were mostly about the setbacks caused by technology; when it comes to emerging markets, tech is offering opportunity and growth. One of the key presences in Davos this year was Jack Ma, CEO of Alibaba, the ‘Amazon of China’.

Ma said that the growth of e-commerce and digital payments has contributed immensely to economic growth in the past years — and that it will continue to do so.

“E-commerce is the future,” said Ma. “E-commerce will replace a lot of traditional ways of doing business. In the past 20 years with poor logistics, terrible payments, and terrible internet connections, e-commerce has still grown like this for our platform in China for the last 15 years. Last year, sales were more than $750 billion USD, almost ranking number 21 in country’s GDP.”

The Fourth Industrial Revolution has indeed made a great impact on emerging markets and developing countries. Blockchain, for example, has enabled the emergence of multiple platforms that offered digital banking for large unbanked populations, giving them access to financial services as well as allowing cross-border payments for remittances in a fast and cost-effective way.

Keep an eye out for more upcoming news on disruptive technologies and the impact of the Fourth Industrial revolution on society. Follow us on @cassiopeia_ltd and subscribe to our YouTube channel for interviews with technology experts.

World leaders focus on technology and governance in Davos

The World Economic Forum is one of the world’s most important political and economic events. Every January, leaders and business personalities from around the globe gather in Davos for a week of discussions about urgent issues affecting societies today. This year, after months of rampant security and privacy scandals, as well as multiple social media crises, key figures got together to assess how technology can be deployed in a safe and constructive manner.

The theme for 2019 was Globalisation 4.0 and the spirit underpinning the event was international cooperation for solutions to improve global order. In times of economic uncertainty and political fragmentation, the forum was a chance for the world’s most prominent figures to discuss how technology can help improve people’s quality of life, particularly in emerging economies and developing countries.

Technology is no doubt a hot topic for governments and business leaders. The Fourth Industrial Revolution, aided by the development of disruptive technologies such as artificial intelligence and blockchain, is projected to unlock $3.7 trillion in economic value by 2025.

Speaking of disruptive technologies, Google CEO Sundar Pichai highlighted in his keynote interview that we can expect significant developments in AI for the coming months. Pichai said that AI has a fundamental role in the new phase of globalisation and reshaping understanding of technology uses.

“AI is probably the most important thing humans have ever worked on,” said Pichai. “I think of it as something more profound than electricity and fire. Any time you work with technology, you need to learn how to harness the benefits while minimising the downsides. Stepping back, when you think about a lot of problems in the world, we typically have a constraint on resources. AI for the first time offers a different construct.”

But whilst Globalisation 4.0 brings many economic opportunities, it also poses challenges. Concerns over data privacy, cyber security and fake news are some of the most relevant examples of the unwanted consequences of widespread technological developments. The Davos meeting’s exact purpose was to shine a light on those problems and call for collective international action.

One of the important pieces of news in the 2019 forum was the launch of WEF’s Global Center for Cybersecurity, which will be headquartered in Geneva and start activities in March. The Center will work alongside governments and companies in the private sector to facilitate information gathering and sharing. It will also develop strategies such as the Cyber Resilience Playbook to help create appropriate regulatory frameworks to enhance cybersecurity practices.

Also touching on sensitive topics, German Chancellor Angela Merkel spoke about the urgency with which governments need to act in taking care of data privacy. Germany is a major defender of the EU’s General Data Protection Regulation (GDPR) and has a strict set of social media rules. The Chancellor emphasised the intrinsic value of data in the current global scenario and the great responsibility that companies carry when handling individuals’ personal information.

“Data will be the raw material of the 21st century. The question ‘who owns that data?’ will decide whether democracy, the participatory social model, and economic prosperity can be combined,” said Merkel.

In regards to regulations, the forum offered a much-needed chance for businesses and governments to engage in dialogue. Mark Benioff, CEO of Salesforce, highlighted that the tech industry will continue to evolve, regardless of the influence of authorities. The most effective solution, he says, is to make sure regulators hold companies to account when it comes to malpractices.

“The point of regulators and government is to come in and point true north. In the tech industry, we’ve been remarkably clear of those regulatory concerns for the whole industry’s lifespan. We’re seeing signs now, maybe we’re not completely there yet, but especially when you see what happened with the election and social networks and with CEOs who fully abdicate their responsibilities and say I had no idea this was happening,” said Benioff

“There’s no way regulators can keep up with the speed of technology, but they can play a role with accountability,” he added.

European Blockchain Partnership aims to contribute to the creation of an environment in full compliance with EU regualtion and with clear governance models to help blockchain technology grow in Europe via Spot9

If in developed nations, the discussions were mostly about the setbacks caused by technology; when it comes to emerging markets, tech is offering opportunity and growth. One of the key presences in Davos this year was Jack Ma, CEO of Alibaba, the ‘Amazon of China’.

Ma said that the growth of e-commerce and digital payments has contributed immensely to economic growth in the past years — and that it will continue to do so.

“E-commerce is the future,” said Ma. “E-commerce will replace a lot of traditional ways of doing business. In the past 20 years with poor logistics, terrible payments, and terrible internet connections, e-commerce has still grown like this for our platform in China for the last 15 years. Last year, sales were more than $750 billion USD, almost ranking number 21 in country’s GDP.”

The Fourth Industrial Revolution has indeed made a great impact on emerging markets and developing countries. Blockchain, for example, has enabled the emergence of multiple platforms that offered digital banking for large unbanked populations, giving them access to financial services as well as allowing cross-border payments for remittances in a fast and cost-effective way.

Keep an eye out for more upcoming news on disruptive technologies and the impact of the Fourth Industrial revolution on society. Follow us on @cassiopeia_ltd and subscribe to our YouTube channel for interviews with technology experts.

“The opportunities for DigiAssets are limitless”: DigiByte looks into developing the most secure…

“The opportunities for DigiAssets are limitless”: DigiByte looks into developing the most secure digital identity platform

In the latest Financial Fox interview, DigiByte ambassador Josiah Spackman makes the case for implementation of Digi ID and DigiAssets into multiple platforms ̶̶̶ including mobile banking, streaming services and social media ̶ to increase user security and data protection.

The DigiByte team’s newest developments are Digi ID and DigiAssets, two features built on the highly secure DGB platform that allows decentralised technologies to be applied to digital identity and safe management of digital assets.

One of the most prominent figures within the growing GB community, Josiah believes that the underlying structure of Digi ID can solve up to 90% of cybersecurity issues regarding user privacy and sensitive information because it requires no email or password for user login.

Digi ID automatically generates a unique identity key for different websites every time the user logs in, therefore protecting the user’s identity from being shared with third parties. A decentralised framework is user-centred because it does not rely on intermediary platforms to connect users and services and prevents interaction and data sharing across different platforms.

Worries about user privacy and data breaches are increasingly taking over the news. Governments and users alike are calling for more accountability from social media and tech companies to handle personal information more securely. Facebook, for example, is close to being fined by the Federal Trade Commission because it failed to protect users’ data.

As the Internet of Things and Big Data continue to grow, hyper connectivity also means increased vulnerability to data breaches. Storing users’ information on centralised databases creates the biggest vulnerability to hacks and data breaches. The current system, which is extensively supported by tech giants such as Facebook, Google and YouTube, acts as a catalyst for single points of failure.

Recent data from the FT shows that in Britain, the number of mobile transactions is increasing, with mobile shopping figures spending surpassing those at shopping centres. Tech giant Amazon is the most popular online choice. As the trend is set to keep spreading, solutions as to how minimise risks to banking platforms become more valuable.

“The opportunities for DigiAssets are limitless,” says Josiah. Cryptocurrencies such as DigiByte can be integrated with other existing platforms, including banking, to maximise cybersecurity measures.

The real value of DGB, and cryptocurrencies in general, is that they will not replace traditional fiat currencies, but instead help improve security and practices in the current financial market environment. Embracing blockchain technology is a necessary step for banks to keep their services up to date.

Stefania Barbaglio, director at Cassiopeia Services and official DigiByte PR comments: “For a while, cryptocurrencies were seen as a threat to the future of banks and financial institutions. However, with developments such as Digi ID, we see that the future lies in the integration between traditional banking and decentralised technologies.

“They complement each other to build a better and safer financial environment for users. The true value of DigiByte is not in its currency and market value, it is in its strong use case and multiple applications.”

The DGB community can expect more news and updates on DGB projects to be released during the first global DigiByte Summit, taking place in Amsterdam on 19th April 2019. The theme of the Summit is ‘The Power of Decentralisation’ and its agenda will expand on the multitude of possibilities and uses enabled by decentralised technologies.

Keep an eye out for news on blockchain and decentralised technologies. Follow us on @cassiopeia_ltd and subscribe to our YouTube channel.

“Positive crypto regulations will generate wealth and millions of jobs in India,” says Nischal…

“Positive crypto regulations will generate wealth and millions of jobs in India,” says Nischal Shetty, CEO of crypto exchange

In the first Financial Fox episode of 2019, crypto PR guru Stefania Barbaglio interviewed Nischal Shetty, Founder and CEO of WazirX, the most trusted crypto exchange in India. Shetty talks about the country’s ever-growing crypto scene and his online campaign to raise awareness about the importance of setting up a welcoming regulatory framework which will allow cryptocurrencies to improve the economic conditions of the Indian population.

Founded in 2018, WazirX is quickly expanding, at a 15% growth a month according to Shetty. WazirX is a Cryptocurrency exchange with an advanced trading interface and features to buy, sell and trade cryptocurrencies in India. It’s an exchange with a Live Open Order Book system that lets users trade digital assets like Bitcoin, Bitcoin Cash, Litecoin, Dash & many more.

The impressive growth of WazirX is in reality a reflection of the expansion of the crypto revolution in India. “The excitement around crypto in India is huge,” says Shetty, as he believes that there are collectively about 5 to 6 million cryptocurrency users in India, with highest concentration being among the younger population, who see crypto as the future of finance.

The current scene in India is not favourable for cryptocurrencies, although they have not been banned or made illegal by the government. The real problem now is lack of clear guidelines, as the Indian government has not been very forthcoming about where they stand in terms of cryptocurrencies, he says.

The Reserve Bank of India (RBI) prohibited banks from enabling transactions related to cryptocurrencies and crypto exchanges from having bank accounts, but despite the banking ban, manyIndians are trading on crypto exchanges. In December 2018, WarziX reported a record in trading volumes.

Rumour has it that the government will release a draft for crypto policy in February, so with over 50k followers on social media, Shetty recently started the campaign #IndiaWantsCrypto to catch the attention of India’s Finance Ministry around cryptocurrency regulations: “We need positive regulations to allow Indians to be part of the crypto revolution that is happening around the world.”

More than just calling for official regulations, the campaign aims to show the advantages that cryptocurrencies can bring to people’s lives, especially in emerging economies like India.

India has the second-largest unbanked population in the world — over 190 million Indians over the age of 15 don’t have a bank account — but has one of the largest numbers of smartphones in the world. Cryptocurrencies act at the heart of this problem: “Internet penetration is faster and higher in India — and when you have internet you have access to cryptocurrencies.”

The blockchain space offers many opportunities for youth; Shetty believes that implementing positive regulations and allowing Indian people to integrate the digital currency economy will bring wealth and millions of jobs, creating a big boost for the national economy: “Over the last 10–15 years, the IT boom created possibly around 4 million jobs in India. This same effect can be replicated now in the crypto revolution with positive regulations in place,” said Shetty.

Talks about crypto regulations have gained more attention worldwide. Recently, two major European authorities have publicly called for better assessments of crypto technology and its impacts in order to develop appropriate regulations.

More developments are expected soon in the crypto regulatory space in India. Follow us on @cassiopeia_ltd and subscribe to our YouTube channel FinancialFox.

“Positive crypto regulations will generate wealth and millions of jobs in India,” says Nischal…

“Positive crypto regulations will generate wealth and millions of jobs in India,” says Nischal Shetty, CEO of crypto exchange

In the first Financial Fox episode of 2019, crypto PR guru Stefania Barbaglio interviewed Nischal Shetty, Founder and CEO of WazirX, the most trusted crypto exchange in India. Shetty talks about the country’s ever-growing crypto scene and his online campaign to raise awareness about the importance of setting up a welcoming regulatory framework which will allow cryptocurrencies to improve the economic conditions of the Indian population.

Founded in 2018, WazirX is quickly expanding, at a 15% growth a month according to Shetty. WazirX is a Cryptocurrency exchange with an advanced trading interface and features to buy, sell and trade cryptocurrencies in India. It’s an exchange with a Live Open Order Book system that lets users trade digital assets like Bitcoin, Bitcoin Cash, Litecoin, Dash & many more.

The impressive growth of WazirX is in reality a reflection of the expansion of the crypto revolution in India. “The excitement around crypto in India is huge,” says Shetty, as he believes that there are collectively about 5 to 6 million cryptocurrency users in India, with highest concentration being among the younger population, who see crypto as the future of finance.

The current scene in India is not favourable for cryptocurrencies, although they have not been banned or made illegal by the government. The real problem now is lack of clear guidelines, as the Indian government has not been very forthcoming about where they stand in terms of cryptocurrencies, he says.

The Reserve Bank of India (RBI) prohibited banks from enabling transactions related to cryptocurrencies and crypto exchanges from having bank accounts, but despite the banking ban, manyIndians are trading on crypto exchanges. In December 2018, WarziX reported a record in trading volumes.

Rumour has it that the government will release a draft for crypto policy in February, so with over 50k followers on social media, Shetty recently started the campaign #IndiaWantsCrypto to catch the attention of India’s Finance Ministry around cryptocurrency regulations: “We need positive regulations to allow Indians to be part of the crypto revolution that is happening around the world.”

More than just calling for official regulations, the campaign aims to show the advantages that cryptocurrencies can bring to people’s lives, especially in emerging economies like India.

India has the second-largest unbanked population in the world — over 190 million Indians over the age of 15 don’t have a bank account — but has one of the largest numbers of smartphones in the world. Cryptocurrencies act at the heart of this problem: “Internet penetration is faster and higher in India — and when you have internet you have access to cryptocurrencies.”

The blockchain space offers many opportunities for youth; Shetty believes that implementing positive regulations and allowing Indian people to integrate the digital currency economy will bring wealth and millions of jobs, creating a big boost for the national economy: “Over the last 10–15 years, the IT boom created possibly around 4 million jobs in India. This same effect can be replicated now in the crypto revolution with positive regulations in place,” said Shetty.

Talks about crypto regulations have gained more attention worldwide. Recently, two major European authorities have publicly called for better assessments of crypto technology and its impacts in order to develop appropriate regulations.

More developments are expected soon in the crypto regulatory space in India. Follow us on @cassiopeia_ltd and subscribe to our YouTube channel FinancialFox.

Digibyte’s 5-year journey and what lies ahead

DigiByte’s 5-year journey and what lies ahead

On January 10th, DigiByte celebrated its 5th anniversary and completed 8.000.000 blocks and has become the largest, fastest and most secure blockchain in current existence. DigiByte has a history of constant improvement, living up to its motto of the forward-thinking coin.

Over its 5-year journey, DigiByte has repeatedly improved, setting itself apart from other cryptocurrencies with multiple blockchain firsts such as SegWit, MulitAlgo Mining and DigiShield.

“I’d argue that the DigiByte we have today is the most advanced blockchain in the world , with the most steadfast secure set up,” said DigiByte founder Jared Tate in a reflection of the coin’s five years of development.

DigiByte has one of the strongest use cases in the cryptocurrency market: DGB can support over 48 million transactions a day: 10 times the current transaction capacity of the top 50 blockchains by market cap.

Over recent months, we have seen significant progression for DigiByte, such as the implementation of ASIC Protection for Next-Generation Blockchain Mining to further decentralise the DGB network, as well as the listing on Bitfinex, one of the largest and most important crypto exchanges.

Strong community

Throughout these five years, DigiByte has attracted more and more followers because of its genuine intention to create a financial system centered around people and social value. The community-driven effort and the tremendous faith that all those involved in DGB have in the project are the key factors that make DGB so unique and compelling.

DigiByte today has one of the most connected and engaging communities in the crypto space. DGB followers have set up foundations and networks to spread the word about the mass adoption potential of DigiByte.

Last November, DigiByte enthusiasts based in the UK and Europe had the chance to meet each other for the first time and talk to Jared himself at the first UK DigiByte Event,held in central London.

Decentralisation at the heart of DigiByte

More than a cryptocurrency, DigiByte offers the most reliable blockchain structure to support transactions at an uninterrupted global level.

In fact, the ultimate objective for DigiByte is to re-build the infrastructure of the internet today. Founder Jared Tate believes that an efficient blockchain can solve 90–95% of the security vulnerabilities in the internet today. The centralised databases which support the current system, such as Facebook, Google and YouTube, act as a catalyst for single points of failure. When all the valuable information is stored in one single place, vulnerabilities to hacks and breaches increase, as well as allowing surveillance and data control from central institutions.

The solution to fix the current system would, therefore, be to build a decentralised architecture for the internet, supported by sophisticated and advanced blockchain structures. A decentralised framework is user-centered, not relying on intermediary platforms to connect users and services.

In order to support this new internet model, DigiByte is built in 3 blockchain layers:

- Applications layer: The top layer of DGB to be used in everyday, real-world applications, such as DApps and Smart Contracts

- Digital Asset Layer/ Public Ledger Layer: The layer in which all DGB transactions are stored in an immutable public ledger, providing maximum security.

  • Core Protocol Layer: The bottom layers, made of decentralised nodes across the planet, where all communication and operation procedures occur.

What’s next?

The DGB community has plenty to look forward to into the near future. The first global DigiByte Summit will take place in Amsterdam on 19th April 2019. The theme of the Summit is ‘The Power of Decentralisation’ and its agenda will expand on the multitude of possibilities and uses enabled by decentralised technologies.

Stefania Barbaglio, Director at Cassiopeia Services — official PR for DigiByte commented: “Cassiopeia is thrilled to be organising and hosting the first ever DigiByte Summit next April. DigiByte represents the true power of decentralised technologies: It offers top security, performs transactions faster than any other crypto and has one of the strongest use cases in the crypto market. Blockchain technology has unlocked a new era where decentralised networks and markets empower individuals and change society and the global economy.”

Registrations are open to DigiByte Global Summit here

In the long-run, DGB investors can be cheerful as crypto analysts say that Digibyte has the potential to reach $1 as the coin develops and its features become more sophisticated over time.

More than that, we are likely to see the increasing deployment of DigiByte platform to projects such as Antum and V-ID, which power blockchain to provide verification and digital identity services.

Keep an eye out for the upcoming exclusive interview on FinancialFox news with Josiah Spackman, DigiByte Foundation Ambassador. Follow us on @cassiopeia_ltd and subscribe to our YouTube channel.

Digibyte’s 5-year journey and what lies ahead

DigiByte’s 5-year journey and what lies ahead

On January 10th, DigiByte celebrated its 5th anniversary and completed 8.000.000 blocks and has become the largest, fastest and most secure blockchain in current existence. DigiByte has a history of constant improvement, living up to its motto of the forward-thinking coin.

Over its 5-year journey, DigiByte has repeatedly improved, setting itself apart from other cryptocurrencies with multiple blockchain firsts such as SegWit, MulitAlgo Mining and DigiShield.

“I’d argue that the DigiByte we have today is the most advanced blockchain in the world , with the most steadfast secure set up,” said DigiByte founder Jared Tate in a reflection of the coin’s five years of development.

DigiByte has one of the strongest use cases in the cryptocurrency market: DGB can support over 48 million transactions a day: 10 times the current transaction capacity of the top 50 blockchains by market cap.

Over recent months, we have seen significant progression for DigiByte, such as the implementation of ASIC Protection for Next-Generation Blockchain Mining to further decentralise the DGB network, as well as the listing on Bitfinex, one of the largest and most important crypto exchanges.

Strong community

Throughout these five years, DigiByte has attracted more and more followers because of its genuine intention to create a financial system centered around people and social value. The community-driven effort and the tremendous faith that all those involved in DGB have in the project are the key factors that make DGB so unique and compelling.

DigiByte today has one of the most connected and engaging communities in the crypto space. DGB followers have set up foundations and networks to spread the word about the mass adoption potential of DigiByte.

Last November, DigiByte enthusiasts based in the UK and Europe had the chance to meet each other for the first time and talk to Jared himself at the first UK DigiByte Event,held in central London.

Decentralisation at the heart of DigiByte

More than a cryptocurrency, DigiByte offers the most reliable blockchain structure to support transactions at an uninterrupted global level.

In fact, the ultimate objective for DigiByte is to re-build the infrastructure of the internet today. Founder Jared Tate believes that an efficient blockchain can solve 90–95% of the security vulnerabilities in the internet today. The centralised databases which support the current system, such as Facebook, Google and YouTube, act as a catalyst for single points of failure. When all the valuable information is stored in one single place, vulnerabilities to hacks and breaches increase, as well as allowing surveillance and data control from central institutions.

The solution to fix the current system would, therefore, be to build a decentralised architecture for the internet, supported by sophisticated and advanced blockchain structures. A decentralised framework is user-centered, not relying on intermediary platforms to connect users and services.

In order to support this new internet model, DigiByte is built in 3 blockchain layers:

- Applications layer: The top layer of DGB to be used in everyday, real-world applications, such as DApps and Smart Contracts

- Digital Asset Layer/ Public Ledger Layer: The layer in which all DGB transactions are stored in an immutable public ledger, providing maximum security.

  • Core Protocol Layer: The bottom layers, made of decentralised nodes across the planet, where all communication and operation procedures occur.

What’s next?

The DGB community has plenty to look forward to into the near future. The first global DigiByte Summit will take place in Amsterdam on 19th April 2019. The theme of the Summit is ‘The Power of Decentralisation’ and its agenda will expand on the multitude of possibilities and uses enabled by decentralised technologies.

Stefania Barbaglio, Director at Cassiopeia Services — official PR for DigiByte commented: “Cassiopeia is thrilled to be organising and hosting the first ever DigiByte Summit next April. DigiByte represents the true power of decentralised technologies: It offers top security, performs transactions faster than any other crypto and has one of the strongest use cases in the crypto market. Blockchain technology has unlocked a new era where decentralised networks and markets empower individuals and change society and the global economy.”

Registrations are open to DigiByte Global Summit here

In the long-run, DGB investors can be cheerful as crypto analysts say that Digibyte has the potential to reach $1 as the coin develops and its features become more sophisticated over time.

More than that, we are likely to see the increasing deployment of DigiByte platform to projects such as Antum and V-ID, which power blockchain to provide verification and digital identity services.

Keep an eye out for the upcoming exclusive interview on FinancialFox news with Josiah Spackman, DigiByte Foundation Ambassador. Follow us on @cassiopeia_ltd and subscribe to our YouTube channel.

Calls for crypto regulation gather momentum around the world

As the crypto market matures and gains relevance within the global economy, executives, investors and even public bodies worldwide are calling for clearer crypto regulations.

In 2017 we witnessed the ‘Bitcoin boom’, with skyrocketing prices and major attention driven towards cryptocurrencies.

Since the Bitcoin Boom in 2017, the crypto market has exploded with Initial Coin Offerings — the controversial ICOs — with many of those projects, under the flag of the crypto revolution, proving to be nothing more than artifice designed to trick eager investors into putting money into a business that was never realised.

Nevertheless, the high number of fraudulent ICOs is more a representation of dubious morals than a testament of the actual revolutionary nature of blockchain. The challenge posed by the introduction of cryptocurrencies and tokens has allowed for an expansion of investment opportunities for new groups of investors, as well as giving millions of unbanked people around the world an alternative means of finance.

This realisation is slowly spreading among financial regulators, which are now exploring the ways that crypto technology can be integrated into the widerfinancial and regulatory market framework.

In recent months, with the rise in the popularity of tokenised securities — a SEC-compliant class of digital assets, comparable to equities stocks — the theme of regulation is spreading across the crypto space.

At the moment, although the EU does not present a unified framework regarding cryptocurrencies — regulations vary by state members — the European Central Bank has shown plenty of initiatives in exploring ways to regulate and manage cryptocurrencies.

In the beginning of 2019 alone, two major European regulatory bodies, the European Banking Authority (EBA) and the European Securities and Markets Authority (ESMA) have publicly called for better assessments of crypto technology and its impacts in order to develop appropriate regulations.

In an official statement, the EBA said it is calling for regulations to protect investors above all, and has asked the European Commission for a comprehensive analysis to assess whether unified crypto rules are needed across the region. In addition, the ESMA’s recommendations advise the EU Commission on the current regulations which can be suitably applied to crypto assets.

In the emerging markets scene, where the positive effects of cryptocurrencies are more tangible, calls for regulation have also risen, with movements urging authorities to work on implementing and regulating cryptocurrencies.

In India, where the legalisation of digital currencies has become a divisive topic, the Reserve Bank of India (RBI) has put a ban on banks and any regulated financial institutions from “dealing with or settling virtual currencies”. The move in April 2018 sparked backlash from crypto enthusiasts, who defend their right to enjoy alternative finance means.

The CEO of India-based Cryptocurrency Exchange WazirX, Nischal Shetty, kicked off a social media campaign to attract the attention of Indian financial regulators over the need for ‘positive regulation’ ofcryptocurrencies, which provide the Indian population with an innovative, necessary and accessible tool for economic growth: “Please bring positive regulations in crypto and over 5 million crypto Indians will be thankful to you. Youth of India have found a new way to make wealth & this is especially important when there are not enough jobs for everyone,” he said.

Crypto experts have already stated that 2019 should be “the year of crypto regulation” and represents an important move towards allowing the blockchain revolution to truly thrive and improve financial practices around the world.

“Regulations are a necessary step to take the crypto industry to the next level. We have seen numerous cases of fraud and scams in the ICO space in the last couple of years, which has put off institutional investors and created a sense of distrust in crypto projects. However, with a regulatory framework in place, cryptocurrencies and tokens are no longer products of mere speculation. They have become real assets. It benefits both the investor side and companies themselves, and shows the maturity of the crypto market,” says Stefania Barbaglio, Director at Cassiopeia Services, leading crypto & blockchain PR.

Keep an eye out for upcoming interview with Nischal Shetty about the crypto scene in India and the impact of cryptocurrencies on emerging markets. Follow us on @cassiopeia_ltd and subscribe to our YouTube channel FinancialFox.

Calls for crypto regulation gather momentum around the world

As the crypto market matures and gains relevance within the global economy, executives, investors and even public bodies worldwide are calling for clearer crypto regulations.

In 2017 we witnessed the ‘Bitcoin boom’, with skyrocketing prices and major attention driven towards cryptocurrencies.

Since the Bitcoin Boom in 2017, the crypto market has exploded with Initial Coin Offerings — the controversial ICOs — with many of those projects, under the flag of the crypto revolution, proving to be nothing more than artifice designed to trick eager investors into putting money into a business that was never realised.

Nevertheless, the high number of fraudulent ICOs is more a representation of dubious morals than a testament of the actual revolutionary nature of blockchain. The challenge posed by the introduction of cryptocurrencies and tokens has allowed for an expansion of investment opportunities for new groups of investors, as well as giving millions of unbanked people around the world an alternative means of finance.

This realisation is slowly spreading among financial regulators, which are now exploring the ways that crypto technology can be integrated into the widerfinancial and regulatory market framework.

In recent months, with the rise in the popularity of tokenised securities — a SEC-compliant class of digital assets, comparable to equities stocks — the theme of regulation is spreading across the crypto space.

At the moment, although the EU does not present a unified framework regarding cryptocurrencies — regulations vary by state members — the European Central Bank has shown plenty of initiatives in exploring ways to regulate and manage cryptocurrencies.

In the beginning of 2019 alone, two major European regulatory bodies, the European Banking Authority (EBA) and the European Securities and Markets Authority (ESMA) have publicly called for better assessments of crypto technology and its impacts in order to develop appropriate regulations.

In an official statement, the EBA said it is calling for regulations to protect investors above all, and has asked the European Commission for a comprehensive analysis to assess whether unified crypto rules are needed across the region. In addition, the ESMA’s recommendations advise the EU Commission on the current regulations which can be suitably applied to crypto assets.

In the emerging markets scene, where the positive effects of cryptocurrencies are more tangible, calls for regulation have also risen, with movements urging authorities to work on implementing and regulating cryptocurrencies.

In India, where the legalisation of digital currencies has become a divisive topic, the Reserve Bank of India (RBI) has put a ban on banks and any regulated financial institutions from “dealing with or settling virtual currencies”. The move in April 2018 sparked backlash from crypto enthusiasts, who defend their right to enjoy alternative finance means.

The CEO of India-based Cryptocurrency Exchange WazirX, Nischal Shetty, kicked off a social media campaign to attract the attention of Indian financial regulators over the need for ‘positive regulation’ ofcryptocurrencies, which provide the Indian population with an innovative, necessary and accessible tool for economic growth: “Please bring positive regulations in crypto and over 5 million crypto Indians will be thankful to you. Youth of India have found a new way to make wealth & this is especially important when there are not enough jobs for everyone,” he said.

Crypto experts have already stated that 2019 should be “the year of crypto regulation” and represents an important move towards allowing the blockchain revolution to truly thrive and improve financial practices around the world.

“Regulations are a necessary step to take the crypto industry to the next level. We have seen numerous cases of fraud and scams in the ICO space in the last couple of years, which has put off institutional investors and created a sense of distrust in crypto projects. However, with a regulatory framework in place, cryptocurrencies and tokens are no longer products of mere speculation. They have become real assets. It benefits both the investor side and companies themselves, and shows the maturity of the crypto market,” says Stefania Barbaglio, Director at Cassiopeia Services, leading crypto & blockchain PR.

Keep an eye out for upcoming interview with Nischal Shetty about the crypto scene in India and the impact of cryptocurrencies on emerging markets. Follow us on @cassiopeia_ltd and subscribe to our YouTube channel FinancialFox.

The era of digital trading: New technologies to transform trading landscape

Commodity trading is no revolutionary activity; yet, the introduction of digital technologies over the last few years has enabled the development of a new environment and advanced practices, better aligned to meet the objectives of traders and investors.

Estimates show that about $10 trillion worth of commodities are produced and consumed per annum globally. Each of these commodities completes its cycle along the supply chain, but until now it had not been possible to integrate and exchange information between them.

The convenience and speed brought by the digitisation of trading opens the commodities markets to new classes of investors, with the need for more transparent and efficient commodity trading practices being addressed through open-sourced technologies. The very same disruptive technologies which are being deployed in various other industries, particularly prominent in fintech, can also make trading a more efficient and reliable undertaking.

The digitisation of trading includes the implementation of tech features into systems to allow better performance, as well as initiating a shift in the structure of assets themselves: digital assets are increasingly popular and comparable to traditional equity stocks, with the advantage of being more user-friendly and accessible.

If on one hand, digital assets are democratising the market, the digital tools within their structure help with understanding and processing of the cycles and behaviours of commodities trading, allowing for better informed decisions and improved risk management. They also provide closer estimates and predictions about demand, markets swings and external sentiment.

The rise of Digital & Tokenised Securities

The new year started on full steam around tokenised securities, with the recent launch of a trading platform by DX.Exchange that allows investors to buy the security tokens of popular Nasdaq-listed companies, such as Apple, Tesla, Facebook and Netflix.

“By tokenizing stocks of some of the biggest publicly-traded companies like Google, Amazon, Facebook and more, we are opening an untapped market of millions of old and new traders around the globe cutting out the middleman,” said Amedeo Moscato, DX’s chief operating officer to CNBC.

The important difference is that STOs are asset-backed and fall within regulatory parameters, working similarly to the way IPOs do in the equities market. Therefore, security tokens are naturally less susceptible to market volatility and offer better security to both investors and companies.

With tokenised securities, tokens can be transacted on a global scale, allowing borderless transactions 24/7 anywhere in the world regardless of business hours and time zones, even outside market hours. Thus, tokens are bound to become increasingly popular and regulatory frameworks should continue addressing them more fully.

Usually stored in smartphone-based digital wallets, tokens are secure and immutable, representing a more attractive alternative to the old environment of the stock market.

These digital assets are supported by the integration of other technology intrinsic to market and trading mechanisms, especially artificial intelligence, blockchain and biodata.

● The terms Artificial intelligence and machine learning represent computer software that learns automatically through patterns in stored data. The implementation of AI algorithms into trading systems generates improved responses through a predetermined logic, which leads to more accurate results and reduced costs and losses.

● In the realms of both physical commodities or digital assets, Blockchain is a useful technology as it allows storage and transactions to be optimised. More than enabling cryptocurrencies and tokens, because of its decentralisation, automated data and strong security framework, blockchain is an ideal underlying structural technology for new trading platforms .

● Some innovative mechanisms are working beyond the trading machinery to improve activity at human level as well. Platforms such as NeuroTrader harness biodata and AI within a platform designed to optimise trader performance. Based on studies around trader behaviour, the platform uses neuro and psychological information to stipulate the best trading decisions. The purpose is to create an advanced risk-management tool for professional traders and mitigate losses.

“The new generation of digital technologies like AI, blockchain and Big Data, are very versatile.They can be deployed to various ends to meet different needs across virtually all industries. In the case of trading, these new tools add value to investor experience and nurture a more transparent and open environment,” says Stefania Barbaglio, Director at Cassiopeia Services.