Token Guard

Swiss Federal Councillor: Blockchain Will ‘Penetrate Our Entire Economy’

One of the seven members of Switzerland’s collective head of state stated that blockchain will someday “pe*****te our entire economy,” according to a transcript published by the Federal Department of Economic Affairs, Education and Research today, June 21.

Swiss Federal Councillor Johann N. Schneider-Ammann stated during a speech at the Crypto Valley Conference in Bern today that:

“Hardly anyone still doubts that blockchain will pe*****te our entire economy.”

However, Schneider-Ammann added that at this point, Switzerland does not know enough about the new technologies, “their potential and their risks,” noting that the “decisive factor” will be a push for tech education:

“We need to put even greater emphasis on digitalisation and technology in schools. We need more IT specialists (not to mention Blockchain experts). And we need more research projects and professorships in this field.”

Schneider-Ammann also noted that regulation in the sphere of blockchain, cryptocurrencies, and Initial Coin Offerings (ICO) is needed moving forward, mentioning a “Blockchain Task Force” cooperating with private actors led by himself and finance minister Ueli Maurer:

“But just to be clear, a good economic framework doesn’t mean giving carte blanche! Abuses must also be consistently prevented in the new digital world. And businesses need legal certainty. Otherwise investment will be withheld.”

Switzerland has been referred to as a crypto nation, specifically in reference to Zug’s “Crypto Valley,” due to its crypto friendly tax regulations and “balanced approach” to tokens issued in ICOs. In early June, Zug announced that they would be holding the country’s first blockchain-based municipal vote this summer.

Ex-Denver Post Journalists, Editors Launch New Blockchain-Powered Colorado News Outlet

Former Denver Post reporters and editors plan to launch a new local media outlet in partnership with ConsenSys-backed blockchain startup Civil Media Company, The New York Times reports today, June 17.

According to the Times, the group left The Denver Post to create a new local state online newspaper, The Colorado Sun, after newsroom layoffs and deteriorating morale following newspaper’s change in ownership. New York hedge fund Alden Global Capital took control of The Denver Post after acquiring its parent company, MediaNews Group, and manages it through a subsidiary, Digital First Media, the Times reports.

The Colorado Sun will use blockchain technology via Civil to store data, with initial funding via a grant from Civil, the Times reports. Once the new outlet is up-and-running, The Colorado Sun intends to be “a community-supported, journalist-owned team focused on investigative, explanatory and narrative journalism for a state in the midst of a massive evolution,” and will be completely ad-free, according to the company’s website.

There is currently a Kickstarter campaign for the fledgling outlet, which hopes to raise $75,000 over the next month. A statement on the campaign page implies that the new outlet will be subscription based, as well as relying on “local supporters” to keep the platform free of advertising.

Emerging media platforms like The Colorado Sun purportedly seek to address the problems of an ad-driven media economy, and shareholder interest-driven content. Civil Media Company — which the Times reports aims to open 1,000 publications in the U.S. by the end of the year — will operate on the Ethereum network using a decentralized governance model, powered by Civil’s upcoming native token CVL, that holds publications in the system to a particular set of ethical and professional standards.

South Korea to Develop ‘Crypto Beach’, Modelled After Switzerland’s ‘Crypto Valley’

South Korea has revealed plans to launch a blockchain center in Busan city modeled on the Swiss Crypto Valley, local news outlet Edaily reported June 14.

At a recent blockchain event in Seoul “2018 Global Blockchain Conference,” chairman of the Korea ICT Financial Convergence Association Oh Jung-geun claimed that the organization seeks to build a space similar to the “Crypto Valley” located in the Swiss canton of Zug.

"We need a place to concentrate on the cryptographic industry in Korea like the Crypto Valley in Switzerland," Oh said at the event.

The association reportedly plans to launch the “Crypto Beach” space at Haeundae, Busan. Located in eastern Busan, South Korea, Haeundae is an affluent beachfront community that attracts thousands of tourists each summer. The space has also been classified as a commercial development center by the government in recent decades. The Association reportedly plans to discuss the project with Busan authorities on Aug. 30.

Oh pointed out that many South Korean companies must launch initial coin offerings (ICOs) overseas due to the government’s current ban on ICOs. Oh expressed concern about the lack of understanding of the new technology and its benefits by local authorities and their strict regulations.

In September 2017, South Korean financial authorities announced a ban on ICOs, claiming they should be strictly controlled and monitored. The government has ostensibly realized the risks associated with banning the practice, such as displacement of talent and investment overseas, as South Korean lawmakers are reportedly working on legislation that aims to lift the existing ban on ICOs.

As Cointelegraph reported earlier, Switzerland is the most blockchain-friendly country in the world. Swiss Crypto Valley, a state-backed blockchain consortium was launched in March 2017 to support the development of blockchain and cryptography-related technologies and businesses. Last week, the city of Zug announced it will trial blockchain-powered municipal voting this summer.

🌐 We represent the interests of investors in the ICO systems.
📡 Which means: there are hundreds, if not thousands of ICO projects out there, and an average user always has one question: “What is real in it”..?
⚙ We are sure that most people who want to enter this field of online earnings have little idea about what it is and how to distinguish really worthwhile projects from "bubbles".

🛡 You have to agree that there are a priori no people wanting to end up with nothing, risking their hard-earned money, which means that there are two ways: first means you study gigabytes of data, plunge into the routine study and comparison of strategies, general aspects of work routine, nuances of the organization of each project, read through the White Paper, the Roadmap... a month later you understand that there are more questions than answers, and the industry is a few steps ahead of you.
🔑 The second way means that you find a broker, trusting them your own funds, in the hope of their decency and foresight in the field they claim to be a professional. Drawbacks are that you are distracted from the process, a human factor of mediation, a little informational flow in your direction, i.e. a lottery.

📌 Let’s summarize: you can find a brief set of rules of conduct on the ICO market in our section "Library" ➡ https://token-guard.com/library
We hope that this manual will contribute to your development and caution.

❓ So, what do we offer you?
💡 It's easy – we track at least the top 30 ICO projects from around the world, buying a pool of tokens at the starting, so-called "Pre-ICO" stage, i.e. a private pre-sale to raise funds for the project development.