#249 news. 25.03.2018

photo wyborcza.pl

From random events: Donald trump has signed a law that will increase access to the data of Americans; co-Founder of Ripple and Stellar sees only one way for crypto; Fujitsu opens international centre Blockchain; Nigeria is testing the technology on crypto currency, but warned its citizens before using them; last week on the stock exchanges was marked by the increase.

• Donald trump has signed a law that will increase access to the data of Americans:

The law CLOUD (Clarifying the Legitimate Use Overseas Data Act) – the controversial additions to the Federal law on costs in the amount of $ 1.3 billion that will allow the us government greater access to Americans data to law enforcement authorities, was signed by the President of the United States Donald trump, according to GeekWire.

The law was rejected by privacy advocates such as the Electronic Frontier Foundation (EFF), which he wrote after the adoption of the law, «is the final encoded legal act allows you protection of private life worldwide, and violates human rights.»

The law was added to the expense account teams in the last środową the night before the vote on 2232-page bill, which took place on Thursday.

Republic Senator Rand Paul tweeted 22. March, the day of the vote that «Congress should reject the law, in CLOUD, because it does not protect human rights and privacy of Americans, throws his konstytucjonalną role and gives too much power prokuratorom General, sekretarzom state, the President and foreign governments.»

The law met with the provisional cause opposition from several American organizations, who perceived too late don’t a fair trial and the contents of the act as a «virus» for the Fourth Repair.

The American Civil Liberties Union (ACLU) published 12. March «Letter about the coalition about the law CLOUD», writing that the draft law, in their opinion, undermines privacy and other human rights and important democratic guarantees, to bypass Congress and existing procedures for the storage of information in the hands of the Executive power. The content of the act allows the United States to conclude agreements with foreign governments. EFR adds that this would allow governments to direct contact with American firms on applications for the data.

In addition, companies such as Apple, Facebook, Google, Microsoft and Oath wrote a joint letter of the day 6. Feb, support, CLOUD, speaking about «the need to protect the client» which this act would give:

Our company have long been supporters of international agreements and global solutions to protect our customers and Internet users around the world. We have always stressed that the best way is through dialogue and the law, and not disputes. In the case of a law CLOUD will be a significant progress of consumer protection and reduce the conflicts of laws principles.

Microsoft has published a letter that supports the bill 21. March, stating:

The bill creates a modern legal framework governing how law enforcement can access the data outside national borders. It is a strong Charter and a good compromise that reflects the recent bipartisan support in both houses of Congress and the support of the Ministry of Justice, the White House, the National Association of Attorneys General and a wide cross-section of technology companies […]. Gives technology companies such as Microsoft, stand on protection of rights to privacy of our customers around the world.

The confidentiality of personal data was a key moment in the creation of ideas for crypto currencies such as Bitcoin.

• Co-founder of Ripple and Stellar sees only one way for crypto:

Jed McCaleb, co-founder of Ripple and Stellar, as well as the Creator of the exchange Mt. Gox, said that kryptowaluty and Blockchain technology needs to remain decentralized in order to achieve success in the future, as reported by CNBC.

In an interview with Fast Money, McCaleb said the only successful from a centralized to a distributed network I have ever seen. In a fairly open criticism ripple’s – the company that supports the payment Protocol, which he founded in 2013, at the same time he left, stated that the introduction of centralized financial payments Protocol in cryptography is a system that is no better than SWIFT or PayPal. Continued comparison of the Internet and the Blockchain, saying:

True vision lies in the fact that you have a network like the Internet, where everyone can take part (…) Is the key to success.

Earlier this week, McCaleb explained his vision of a universal payment network based on the Blockchain, noting simultaneously that the whole capital will be zdigitalizowany until 2028.

McCaleb is not the only known person who publishes less optimistic comments about crypto and the Blockchain this week. 22. March, Edward Snowden expressed concern during one of the interviews, saying that the Blockchain is «dewastująco transport», calling the book’s public Bitcoin «long-term shortage».

Earlier, on 21. March, Jack Dorsey, CEO of Twitter and payment service Square, told the media that he sees only one future currency with which to use the Internet and the world:

Personally, I think it will be Bitcoin.

• Fujitsu opens international centre Blockchain:

Leading Japanese company Fujitsu, is engaged in information technology and communications, has announced the opening of its international center of Blockchain innovation in Brussels in Belgium to examine potential applications of the technology in all possible areas, as the message of the press service.

In his official statement, Motorola argued that the new centre will research and develop a solution based on the Blockchain in «sectors each», from audits, based on the technology of Distributed Ledger Technology (DLT), to vote on the basis of the Blockchain.

Yves de Beauregard, Chairman of Fujitsu Benelux (Belgium, Netherlands, Luxembourg), noted the increasing interest in Blockchain technology among the clients and found that a lot of software based on DLT is still undiscovered.

This is only the beginning, because we intend to explore the wider potential of Blockchain applications in various fields of commercial activity.

said Beauregard.

According to a press release, Brussels was chosen as location of the center of the Blockchain using the advantages of geographical, political, technological and language for international organizations that consider the application of this technology..

Previously the Japanese company Block Bainau and cryptocurrency Tech Bureau, has proposed its own Blockchain Belgian company Digipolis, organization międzygminnych ICT services to the Belgian cities Ghent and Antwerp, in the framework of The Blockchain Laboratory to provide a more effective framework for the administration of the city.

• Nigeria is testing the technology on crypto currency, but warned its citizens before the use of them:

Nigerians were warned by the Deposit Insurance Corporation of Nigeria (NDIC) prior to use crypto currency, because the Central Bank of Nigeria (CBN) does not recognize them for their legitimate currency, reports the local Business journal Post Nigeria.

Nigeria Business Post notes that this is not the first warning before kryptowalutami, as the various state authorities in Nigeria citizens to exercise caution. before the new form of money.

Adikwu Igoche, Director of research at NDIC, said that digital currencies are not official documents of the CBN and therefore are not insured by NDIC. During an interview with the Agency the press-conference of Nigeria (NAN) on 29. The international Exhibition in Enugu, Friday, 23. March, Igoche said that if digital currency not backed by any physical commodity such as gold or precious stone, are not classified as currency or coins issued by CNB or Central Bank of any other country.

Igoche says that citizens of Nigeria should only use financial institutions that are insured by NDIC indicated by the sticker in their physical location. He also added that the NDIC has a stand at the exhibition to help the Chechens, what can I do if the Bank was closed.

In October last year, Cointelegraph reported that the Nigerian government actively cooperated with several organizations that work on Blockchain technology and start-UPS to deploy the technology in the country.

• Last week on the stock exchanges was marked by an increase:

In the last 24. watch Bitcoin lost 5% of its value and remained at about $ 8.520. Ethereum is trading at around $ 519, losing 3.7 percent.
Cardano and Stellar also fell by 2.2% and 3.1%, figuring, respectively, 0.18 and 0.23 per dollar per unit. After Bitcoin has managed to come close to $ 9000, and Ethereum to raise up to $ 600 24. March, markets cryptographic changed again. However, in last 7 days most markets and crypto currency is green, and some of them reach even 60% of the profits.

Bitcoin and Ethereum have grown respectively around 11% and 8% in the last week, with the majority of the 10 largest altcoinów shows similar or greater growth. EOS is probably the biggest winner this week, with a 58% increase from 18. March, when it costs about 4 dollars. According Coin360, the value of the currency now is 6.58 USD. This growth was probably caused by the recent ad Block.they Finlab AG start-up Fund in the amount of $ 100 million to accelerate the development of software projects EOS.IO in Europe.

The total value of the market for crypto currency today is 329,6 billion, while total turnover on the exchange amounted to 12.8 billion.

source: cointelegraph.com, coindesk.com, coinmarketcap.com.

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