G20’s Agenda in the Washington Meet is to bring back Cryptocurrency Regulation

One of the largest economies in the world, the G20 had a meeting in Washington where their topic for discussion was to build a regulatory plan for the cryptocurrency market. They followed all the discussions very closely in the Argentine Capital at the beginning of the month of March. 

There were several important discussions which took place in the capital, there was recognition by the state leaders for the importance that cryptocurrencies behold in today’s world and the role of it in revolutionizing all the banking procedure’s.

The regulators have decided that to accept or adopt the technology it is very necessary for them to construct such regulation which will prevent the crypto industry from being used in wrong ways by the malicious agents. This technology will also restrict the criminal from committing hideous crimes and will help the authorities to protect their users from the fraud commit against the crypto users.

However, the G20 has also stressed upon the proposed regulation cannot be very rigid and hard in nature which will be a hurdle in the development of the particular technology. It was also defined by the group that the first practical regulatory proposal will be presented in front of the group in the new meeting will be held by the group in Buenos Aires in the month of June this year and at the 3^rd meeting, the finance ministers and the central bank presidents will also be present. 

It also said that now all the global leaders have met on April 19-29, 2018, in Washington DC for the second summit of the G20 group the finance minister and the central bank governors where all of them together defined the specific policies and also continued to discuss their agenda items for the month. The meeting after DC was passed to be held in Buenos Aires. The result of the proposal was that now the cryptocurrency market is expecting to take the center stage alongside the other themes of the global agenda.

The meeting which is going to held in the month of June The IMF and The World Bank was also seen as the participants. The meeting is going to be delegated by 55 delegates, in which 22 will include the head of the finance ministers, 18 will be central bank governors and rest 9 will be the international organization leaders. This meeting will immediately have backed by the Third Meeting of the group G20 of the Finance Deputies. The agenda for this meeting was inclusive of the discussions based towards the future of global commerce and risks that the global economy is facing including the financial vulnerabilities.

One of the top three priorities for this year for the G20 group in Argentine was to debate on the agenda of the future of work in the world. The current and potential effect of the new technologies have on the job market, growth and employment, and with the particular focus, they have on the inclusion, fairness and gender equality. Their objective was to get consensus which could be reached in order to enable the progress and press releases of the public document in the month of June this year.

The participants of the meeting are going to evaluate the effect of the recent financial developments in order to identify the risks that the global economy is going to or will be facing in the near future. After their evaluation they are going to start making the adequate preventative measures, and necessary action which are to be taken in order to materialize this. Then it is also said that a session will also be dedicated to the compact with Africa (CWA), an initiative which was be launched by the German G20 presidency last year in 2017. This is to promote the private sector of investment in Africa.

Blockchain Industry Predominant in Business World: EU Officials

Said by Andrus Ansip, the European Commission’s Vice-President that the EU nation has decided to commit to the blockchain technology and now it will be moving out of the lab and is now going to be a mainstream.

There has been a speech which contains the central theme of the digitization by the vice president of the European Commission- the executive arm of the European Union has pinpointed in their speech that EU is ought to commit to EC’S vice-president for their technology of the blockchain. 

The official was offering the opening remarks of the European Union’s annual ‘Digital Day’ initiative held in Brussels this year when he stated:

“I would like to see EU countries make a similar commitment [as with AI] to blockchain technologies – now moving out of the lab and going mainstream. As with AI: we should make the most of this new opportunity to innovate.”

The officials present at EU have called the national government along with the private sectors of the country which have a huge contribution to the cause which was being addressed at the platform.

As per reports the EC now says it will invest €300 million in projects directly related to the use of blockchain technology. The Commission also revealed it is laying the groundwork required to establish a European Blockchain Partnership in order to promote “interoperable infrastructures”, presumably between EU nations, to enhance and foster trusted digital services.

Cryptocurrency Mining Can Aid Sustainable Farming- The Advent of ‘Cryptomatoes’

Cryptocurrency mining energizes Tomato Greenhouse

A new startup has been set up with an ecological premise by the Czech new age crypto exchange, NakamotoX. There are not very many uses for excess heat produced from digital machinery or cryptocurrency mining devices. However, this startup has managed to combine Blockchain technology with farming and has produced an edible batch of tomatoes by diverting the heat of mining machines to a customized greenhouse. Cofounder, Kamil Brejcha, and staff have built a separate space for their Bitcoin mining servers and utilized their excess heat production for growing tomatoes. The project is likely to be followed by a new type of farming technology called ‘Agritechture’, and the results so far have been entirely fruitful with the success of the first batch of what they call ‘cryptomatoes’. Brejcha explains in a tweet, “We have developed something called ‘Cointainer’ which is being placed in the basement and the heat is blown into the greenhouses. More details will be revealed soon”.

One downside to the crypto mining industry is the effect of the machinery’s heat generation on the environment. Most companies do not utilize this heat energy for any productive use which raises the concern for sustainable development among environmentalists and crypto user alike. The initiative that Brejcha and company have taken can create an energy cycle loop where heat from mining helps grow crops and biowaste from the harvest help power machinery. The project solves numerous growing concerns and provides an ecological and self-sustaining solution. Brejcha commented on the cryptomatoes saying, “You will be able to buy (cryptomatoes) in common shops soon but I cannot reveal more details about the brand now”.

The large-scale impact of Agritechture could help build on sustenance farming and energy conservation, two globally alarming problems putting pressure on the environment today. With the significant application in future crop cultivation, cryptomatoes could start a worldwide transformation in farming as we know it.

Elon Musk Could Change the Way We Use Blockchain Forever

Inventor and technology expert, Elon Musk, is one of the world's most innovative personalities. He has contributed all sorts of infrastructure and inventions to SpaceX, Tesla, SolarCity, Hyperloop, OpenAi, Neuralink and his current initiative, The Boring Company. Elon is a visionary who aims to create the technology of the future and designs that he believes will help the human race. Some of his projects have helped to curb car emissions with Tesla electric cars, as well as aid in research for space exploration through the SpaceX company.

He is very influential and always trending, which is why he stirred up commotion when spotted carrying a book on cryptocurrencies. The book is by Julian Hosp and called "Cryptocurrencies Simply Explained". It is an easy guide to the world of cryptocurrencies, the blockchain, ICO, and more. The author himself is a cryptocurrency expert having worked in the field for years at TenX. His primary goal is to help teach at least a billion people worldwide about blockchain and cryptocurrencies by the year 2025.

Rumors among the crypto community speculate that Elon Musk is simply passing on the book to someone, while other claims he may be doing research into blockchain in order to incorporate it into his companies in the form of digital tokens or smart contacts. Whether their speculations are right or not, Elon is certainly no stranger to online payment platforms, with his digital financial company X.com being bought by PayPal way back in 2000. He was even appointed the CEO of PayPal for a short period before leaving due to clashes of interest with the other leaders. He was one of the biggest shareholders of PayPal stock and in 2002 when the company was sold to eBay, he made a huge return with 165 million dollars.

To think Elon was reaching into Crypto territory is not far-fetched at all. He has enough experience with online payment systems and technology, so blockchain is not too far ahead of him. If he incorporates Blockchain or digital tokens into his companies or starts a cryptocurrency company of his own, those that know his history will not be surprised. Over the years, it has become public that Elon holds 0.25 of Bitcoin that was given to him as a gift many years ago. The value of this amount is roughly two thousand dollars, which is a small amount for a personality like Elon Musk.

Despite his presumed lack of interest in cryptocurrency at present, the chances are high that this tech giant will embrace blockchain in the near future. The crypto community waits in anticipation for his next project that would surely make a dent in the industry.