Bitcoin To Become Like Dollar Bills Say Joe Rogan
Joe Rogan has recently stated that Bitcoin will become like dollar bills in the future.
He revealed this insight in episode #1230 podcast called Joe Rogan Experience.
In this podcast, he is joined by Killer Mike of Run the Jewels were they talk about economics which led them to a discussion about poverty and solutions on how to end it.
Eventually it turned to a conversation about cryptocurrencies.
Rogan admits to be fascinated with the new asset class, to its tenets and to what it is trying to achieve.
He adds that it is something that we can rely on that is not controlled by any particular group.
Implying that if the monetary system works the same manner as Bitcoin it would have been a very different world we live in.
This was concurred by Killer Mike but he doubts that it would ever happen as he thinks the banking mafia will not allow it.
Joe Rogan is a holder of Bitcoin, he has known it for years and had proponents of Bitcoin on his show before.
One of this is Andreas Antonoupoulis which is well known Bitcoin evangelist and educator.
Back in 2014 he tweeted his Bitcoin Address back in 2014 which has gotten over 5 BTC over the years and have remained untouched until now.
Robinhood Crypto And Libertyx Gets NY’s Bitlicense
Robinhood has received a money transmission license, which means they are authorized to offer services for buying and selling, and storing select cryptocurrencies.
Currently the platform supports Bitcoin, Bitcoin Cash, Ethereum and Litecoin.
LibertyX on the other hand will be allowed to provide consumers the sale of Bitcoin through debit terminals.
They just become the first DFS virtual licensee to allow customers to use debit cards to purchase bitcoin from traditional ATMs.
LibertyX first launched its first Bitcoin ATM back in 2014 and has since been growing ever since.
According to the CEO of LibertyX, Chris Yim, the review process for the application for a Bitlicense is extensive so much so that there has only been 16 companies that has been approved by the New York State Department of Financial Services to offer crypto services in New York.
Revenue Of Ethereum-Based Scam Projects More Than Doubled In 2018
According to crypto analytics company Chainalysis, the value of stolen Ethereum (ETH) through scams have more than doubled in 2018 compared to 2017.
The total number of scammed ETH has reached $36 million USD compared to the $17 million in ETH scammed from unsuspecting investors in 2017.
The value increase despite the fact that the number of scams declined compared the previous year.
The company also stated that the level of sophistication of the scams have increased significantly compared to the prior year.
The value of the scams are said to be bigger and has been a lot more lucrative.
Ethereum has long been known as the prime choice of scams.
The most common scams that involved the use of ETH are initial coin offering (ICO) exit scams, Ponzi schemes and phishing attacks.
Phishing which accounted to more that 88% of the scams back in 2017 has accounted only for only 38.7% of 2018.
ICO exit scams accounted for about 31.5% of scams.
This demonstrates an increase of sophistication of the scam strategy.
It has been a growing concern in the crypto space the increasing sophistication of scammers.
It is nice to know that government agencies around and cryptocurrency projects and businesses are collaborating to help stamp out these bad actors from the ecosystem.
Cryptocurrency Economic Zones Were Predicted Almost A Year Ago
According to a crypto news outlet, the creation of cryptocurrency economic zones were earlier predicted by a prominent crypto analyst.
Almost a year ago Nic Carter predicted that at least one nation state would announce the creation of a Special Crypto-Economic Zone.
Nic Carter is the co-founder of Coinmetrics and a partner of Castle Island Ventures.
He is an expert analyst focusing on cryptocurrency fundamentals.
His prediction came true with several nations already creating or has created a crypto-economic zone.
Countries like the Philippines, South Korea and Thailand have been working to create an environment where crypto and blockchain related businesses can thrive.
Special Economic Zones have long been a practice of countries seeking to bring new business, growth and innovation in their jurisdiction.
The Philippines have created the Cagayan Special Economic Zone where more than two dozen cryptocurrency exchange were issued permit to operate.
The companies where given economic benefits which includes tax exemptions and more.
In South Korea, Jung Byung-guk who is a member of Bareunmirae Party has proposed are regulation-free blockchain and cryptocurrency economic special zone.
Finally in Thailand is working towards becoming a crypto haven in the region with several cryptocurrency related regulations.
The Third Largest Bank In Saudi Arabia Partners With Ripple
It has been recently reported that Saudi Arabia’s third largest bank is now piloting its Ripple-powered instant cross-border payment platform.
The Saudi British Bank (SABB) is one of the three banks in the country that has been given the go signal by the monetary authority of the country to work with Ripple and test its blockchain technology for cross–border settlement.
According to Ghada Al Jarbou the head of global liquidity and cash management at SABB, the bank is pushing to offer its customers instant international payments.
He adds that Saudi Arabia is the largest remittance market in the world therefore it is of utmost importance to improve cross-border payments, making them more cost efficient and faster.
The Ripple network has been growing rapidly for the past few months and have partner with key players in the region.
It has targeted Middle East a primary place for the early adoption of blockchain-based payment solutions.
The company to date has signed up more than 200 financial institutions from around the world many of which came from the said region.
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