France Includes Chapter on Bitcoin in High School Syllabus

France Includes Chapter on Bitcoin in High School Syllabus
November 5, 2019

 

The cryptocurrency market, after remaining under selling pressure for over a week, has turned slightly bullish with 19 of the top 20 altcoins in the green. Bitcoin (BTC), at the time of writing this article, has managed to gain 2.7% to trade at $9,444. Bitcoin’s market cap continues to hover around $170 billion for the past one week. Ether (ETH) has gained 2.7% to trade at $187. XRP is trading at $0.3006, reflecting a gain of 3.1% in the past 24 hours. Other major altcoins, which has gained in the past 24 hours include EOS (EOS-$3.45, 5.5%), Bitcoin Cash ($292.08, 0.8%), Cosmos (ATOM-$3.74, 11.2%), Binance Coin (BNB-$20.81, 2.0%), Litecoin (LTC-$62.55, 7.3%), Cardano (ADA-$0.0439, 5.0%), Monero (XMR-$63.20, 0.6%), Huobi (HT-$3.91, 0.4%), Dash (DASH-$72.42, 1.6%), Tezos (XTZ-$0.8791, 0.7%), ChainLink (LINK-$2.66, 0.6%), Ethereum Classic (ETC-$4.97, 1.7%), LEO (LEO- $1.0, 0.6%), IOTA (IOTA-$0.2741, 1.9%), (TRX-$0.01991, 2.2%) and Stellar (XLM-$0.0797, 14.7%). The only major altcoin which has lost ground in the past 24 hours is OKB (OKB-$3.21, -0.6%).

Government level initiatives

T-Systems to offer a German Blockchain Ecosystem to enterprise clientele

The subsidiary of Deutsche Telekom, T-Systems, intends to provide a German Blockchain Ecosystem (GBE) to its enterprise clients by next year. The Blockchain-as-a-Service marketplace, to be offered by T-Systems, will enable clients to map various apps using blockchain.

The first organization to join the venture is Malta Enterprise, a government agency. The organization takes care of overseas investment and economic development on the island of Malta. The partnership aims to back domestic blockchain firms by offering a state-of-the-art platform for developers. Notably, Malta leads other countries in the blockchain sector and is the first European country to create a regulatory framework for DLT solutions.

Moreover, enterprises that depend on T-Systems services will be awarded a certification from Malta’s Digital Innovation Authority, the primary organization tasked with promotion of government policies that project Malta as a prime location for technological innovation.

Private sector initiatives

Bankenverband paper showcases importance of a programmable digital euro

The latest research paper submitted by Bankenverband – the Association of German Banks – highlights the necessity for a “programmable digital euro.” Additionally, Bankenverband, which consists of 11 associations and more than 200 commercial banks, has highlighted the significance of digital currency in the age of payment tools digitization.

The document pointed out how cryptocurrencies such as Libra have received a lot of attention regarding the way it could modify the financial sector in the future. However, Libra continues to stir up issues in the US and Europe. This encouraged Bankenverband to explore a feasible digital euro that would function on a common European payment platform. The research paper also asked the income tax department to clarify whether the programmable virtual token is a currency or a commodity.

To minimize related risks and establish a secure and dependable ecosystem, the research paper signaled the implementation of apt regulatory criteria. The document stated: “To create public trust in programmable digital money, compliance with the highest regulatory standards is essential. To ensure legal certainty, a legal classification of programmable digital money is necessary as well. All innovators must respect a uniform supervisory and regulatory framework. The issuance and custody of programmable digital money should also be possible under existing full banking license rules.”

CasperLabs launches ‘Highway’ – a Proof of Stake protocol

CasperLabs, which is involved in the development of Ethereum blockchain, has rolled out ‘highway,’ the startup’s PoS (Proof of Stake) protocol that is correct-by-construction. The protocol is provably secure, up and running. The firm has stated that uniformity in operation outlines that a covenant is safe to use. Simultaneously, guaranteeing a decision confirms that the protocol is up and running. Highway has both characteristics, and therefore it is provable and running. The research was supported by a document that also listed several other components of ‘Highway.’ Casper has rendered the flawless Ethereum PoS deployment through Highway.’ Notably, being an open-source platform, it provides better functionality to the programmers. As it is flexible, further tweaks and inclusion of additional features are possible. The initial version of the protocol was launched in May 2018 and turned out to be successful.

Miscellaneous

France includes crypto into its school curriculum

France is including a separate chapter on Bitcoin (BTC) and cryptocurrencies in its high school syllabus. Back in June, an amendment to the school syllabus was made by the French Ministry of National Education, resulting in the inclusion of a chapter on the numero uno cryptocurrency. Students will be taught an introductory course on Bitcoin, explaining its impact on France and the global economy.

The ministry also plans to handover three educational videos to teachers, elaborating on queries such as “Is Bitcoin the currency of the future?”, “Can Bitcoin replace the Euro?” and “Do you have trust in your currency?”

The ministry has also stated that students will be given the task of comparing Bitcoin with fiat currencies, eventually providing them with fundamental knowledge about Bitcoin, cryptos, and their purpose in the conventional financial world.

Being only an introductory course on Bitcoin, obviously, students will not become full-fledged crypto professionals after completion of the course.

Disclaimer: Any financial trading analysis offered here is our opinion and is not intended as advice or direction for investors. We cannot guarantee the success of any trades made as a consequence of this article, and we encourage traders to incorporate a strong money management strategy to limit losses when they enter the markets. Please use this article as part of your own research before formulating strategies prior to trading.

Richard W

Richard W

Richard is the guy who know everything there is about the financial industry, working in a top firm for over 15 years, he will give the lowdown on some of the biggest companies in the world


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