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Panelists at CES 2021 Agree Widespread Adoption of Cryptocurrency Is Imminent

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Screenshot from the CES 2021 event

January 19, 2021—Leaders in cryptocurrency and digital assets alike agreed that it is only a matter of time before widespread adoption begins, during a Wednesday panel that aired as part of the Consumer Technology Association’s Consumer Electronics Show.

According to Catherine Coley, CEO of BinanceUS, individuals who have yet to adopt cryptocurrency face two main barriers: the high cost to enter the market and the technical learning curve. Coley is hoping to change that as her company lowered entry fees and boosted its support services to all.

Coley believes that Bitcoin and other digital currencies’ reputation of being risk-fraught investments is invalid, yet has resulted in a slow, but continual, rise in adoption.

Being forced to work with antiquated or even non-existent laws and regulations is a challenge the industry faces. Caitlin Long, founder and CEO of Avanti Bank & Trust, said that Bitcoin has a hard time fitting with current laws since there aren’t currently any laws to guide it, as there are for traditional financial issues.

Long believes that creating more backward-compatible legal structures will help the two forms of currency coexist better.

Despite a lack of rules for its regulation, the laws that exist can make it difficult for crypto firms to operate in, including dinging their camel score, an international rating system used by regulatory banking authorities,  causing a high-risk reputation to remain.

Crypto should be merged with the traditional world of coins and recognized as an equally competent player, said Jeanine Hightower-Sellitto, CEO at Atomyze LLC. Building blockchain-based platforms to improve efficiency, allowing titled ownership in cryptocurrency, and having scalable investors’ systems is critical, she added.

Matthew Roszak, chairman and co-founder at Bloq, Inc., says that despite being told cryptocurrency was pseudo currency, he still sees 2021 as a year be a massive rush into bitcoin. The infrastructure and narrative for it must improve, though.

Public acceptance and integration of cryptocurrency could get a huge head start if big banks and financial institutions mix crypto offerings with traditional financial products and services. Every central bank and institution has a dedicated blockchain group working on how best to handle cryptocurrency, but few want to be the pioneer at the forefront, panelists said.

Born in China and adopted to American Fork, Utah, Reporter Derek Shumway graduated from Brigham Young University with a bachelor's degree in political science and a minor in international strategy and diplomacy. At college, he started an LED lightbulb company. word

Drones

Aron Solomon: The New Horizon of Drones and Your Privacy

We have yet to wrap our minds around the impact of drones in our own lives and in society.

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The author of this Expert Opinion is Aron Solomon, head of digital strategy for Esquire Digital

January 19, 2021—Leaders in cryptocurrency and digital assets alike agreed that it is only a matter of time before widespread adoption begins, during a Wednesday panel that aired as part of the Consumer Technology Association’s Consumer Electronics Show.

According to Catherine Coley, CEO of BinanceUS, individuals who have yet to adopt cryptocurrency face two main barriers: the high cost to enter the market and the technical learning curve. Coley is hoping to change that as her company lowered entry fees and boosted its support services to all.

Coley believes that Bitcoin and other digital currencies’ reputation of being risk-fraught investments is invalid, yet has resulted in a slow, but continual, rise in adoption.

Being forced to work with antiquated or even non-existent laws and regulations is a challenge the industry faces. Caitlin Long, founder and CEO of Avanti Bank & Trust, said that Bitcoin has a hard time fitting with current laws since there aren’t currently any laws to guide it, as there are for traditional financial issues.

Long believes that creating more backward-compatible legal structures will help the two forms of currency coexist better.

Despite a lack of rules for its regulation, the laws that exist can make it difficult for crypto firms to operate in, including dinging their camel score, an international rating system used by regulatory banking authorities,  causing a high-risk reputation to remain.

Crypto should be merged with the traditional world of coins and recognized as an equally competent player, said Jeanine Hightower-Sellitto, CEO at Atomyze LLC. Building blockchain-based platforms to improve efficiency, allowing titled ownership in cryptocurrency, and having scalable investors’ systems is critical, she added.

Matthew Roszak, chairman and co-founder at Bloq, Inc., says that despite being told cryptocurrency was pseudo currency, he still sees 2021 as a year be a massive rush into bitcoin. The infrastructure and narrative for it must improve, though.

Public acceptance and integration of cryptocurrency could get a huge head start if big banks and financial institutions mix crypto offerings with traditional financial products and services. Every central bank and institution has a dedicated blockchain group working on how best to handle cryptocurrency, but few want to be the pioneer at the forefront, panelists said.

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Artificial Intelligence

Int’l Ethical Framework for Auto Drones Needed Before Widescale Implementation

Observers say the risks inherent in letting autonomous drones roam requires an ethical framework.

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Timothy Clement-Jones was a member of the U.K. Parliament's committee on artificial intelligence

January 19, 2021—Leaders in cryptocurrency and digital assets alike agreed that it is only a matter of time before widespread adoption begins, during a Wednesday panel that aired as part of the Consumer Technology Association’s Consumer Electronics Show.

According to Catherine Coley, CEO of BinanceUS, individuals who have yet to adopt cryptocurrency face two main barriers: the high cost to enter the market and the technical learning curve. Coley is hoping to change that as her company lowered entry fees and boosted its support services to all.

Coley believes that Bitcoin and other digital currencies’ reputation of being risk-fraught investments is invalid, yet has resulted in a slow, but continual, rise in adoption.

Being forced to work with antiquated or even non-existent laws and regulations is a challenge the industry faces. Caitlin Long, founder and CEO of Avanti Bank & Trust, said that Bitcoin has a hard time fitting with current laws since there aren’t currently any laws to guide it, as there are for traditional financial issues.

Long believes that creating more backward-compatible legal structures will help the two forms of currency coexist better.

Despite a lack of rules for its regulation, the laws that exist can make it difficult for crypto firms to operate in, including dinging their camel score, an international rating system used by regulatory banking authorities,  causing a high-risk reputation to remain.

Crypto should be merged with the traditional world of coins and recognized as an equally competent player, said Jeanine Hightower-Sellitto, CEO at Atomyze LLC. Building blockchain-based platforms to improve efficiency, allowing titled ownership in cryptocurrency, and having scalable investors’ systems is critical, she added.

Matthew Roszak, chairman and co-founder at Bloq, Inc., says that despite being told cryptocurrency was pseudo currency, he still sees 2021 as a year be a massive rush into bitcoin. The infrastructure and narrative for it must improve, though.

Public acceptance and integration of cryptocurrency could get a huge head start if big banks and financial institutions mix crypto offerings with traditional financial products and services. Every central bank and institution has a dedicated blockchain group working on how best to handle cryptocurrency, but few want to be the pioneer at the forefront, panelists said.

Continue Reading

Artificial Intelligence

Deepfakes Could Pose A Threat to National Security, But Experts Are Split On How To Handle It

Experts disagree on the right response to video manipulation — is more tech or a societal shift the right solution?

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Rep. Anthony Gonzalez, R-Ohio

January 19, 2021—Leaders in cryptocurrency and digital assets alike agreed that it is only a matter of time before widespread adoption begins, during a Wednesday panel that aired as part of the Consumer Technology Association’s Consumer Electronics Show.

According to Catherine Coley, CEO of BinanceUS, individuals who have yet to adopt cryptocurrency face two main barriers: the high cost to enter the market and the technical learning curve. Coley is hoping to change that as her company lowered entry fees and boosted its support services to all.

Coley believes that Bitcoin and other digital currencies’ reputation of being risk-fraught investments is invalid, yet has resulted in a slow, but continual, rise in adoption.

Being forced to work with antiquated or even non-existent laws and regulations is a challenge the industry faces. Caitlin Long, founder and CEO of Avanti Bank & Trust, said that Bitcoin has a hard time fitting with current laws since there aren’t currently any laws to guide it, as there are for traditional financial issues.

Long believes that creating more backward-compatible legal structures will help the two forms of currency coexist better.

Despite a lack of rules for its regulation, the laws that exist can make it difficult for crypto firms to operate in, including dinging their camel score, an international rating system used by regulatory banking authorities,  causing a high-risk reputation to remain.

Crypto should be merged with the traditional world of coins and recognized as an equally competent player, said Jeanine Hightower-Sellitto, CEO at Atomyze LLC. Building blockchain-based platforms to improve efficiency, allowing titled ownership in cryptocurrency, and having scalable investors’ systems is critical, she added.

Matthew Roszak, chairman and co-founder at Bloq, Inc., says that despite being told cryptocurrency was pseudo currency, he still sees 2021 as a year be a massive rush into bitcoin. The infrastructure and narrative for it must improve, though.

Public acceptance and integration of cryptocurrency could get a huge head start if big banks and financial institutions mix crypto offerings with traditional financial products and services. Every central bank and institution has a dedicated blockchain group working on how best to handle cryptocurrency, but few want to be the pioneer at the forefront, panelists said.

Continue Reading

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