Blockchain Academy In Bahrain

The Bahrain Institute of Banking and Finance (BIBF) has recently announced the Blockchain Academy which will offer a variety of Blockchain Professional Qualification Programs as well as other masterclass and workshops.

The program will be launched early next year which is comprised of an intensive 5-day training program delivered by BIBF and training provider myLearning Key.

The program is in preparation to earn the international qualification of Certified Blockchain Professional C|BP.

The certification is awarded by IIB Council which is a US-based institute.

The certification covers blockchain technology as well as its real world use cases.

The program seeks to enhance the understanding and knowledge of the participants and update them on the latest global standards for the implementation of blockchain tech.

The course will cover three major areas: development, implementation and strategy.

According to BIBF Director, Dr. Ahmed Al Shaikh, the establishment of the blockchain academy is in line with is effort to make Bahrain a major IT hub and provide new training programs to develop the skills and knowledge of the Kingdom’s human capital.

LabCFTC Launches Primer For Blockchain And Smart Contracts

A Fintech initiative of the U.S. Commodity Futures Trading Commission (CFTC), LabCFTC has recently released a primer in its effort to engage with innovators and market participants on a range of financial technology (FinTech) Topics.

The primer was well received by the crypto community and even got the attention of the founder of Ethereum, Vitalik Buterin.

The LabCFTC was launched in May 2017 and released its first primer on virtual currencies later that year.

Its latest primer dubbed as the Primer on Smart Contracts was intended to be an educational tool by outlining the basics of smart contracts.

It also goes through the history and explanations of blockchain technology, as well as how it fits in Smartcontracts or more aptly known as Executable Distributed Code Contract (EDCC).

While the effort by the government agency to create a primer for participants, to better understand Smartcontracts is commendable and well received by the crypto community, it only breezes through regulations that the LabCFTC is designed to make clearer.

New Blockchain Tools From Amazon

Amazon has recently launched a platform that will help its client to build blockchain networks without incurring the associated cost in building one themselves.

The platform dubbed as Amazon Managed Blockchain Platform is a fully managed service that makes it easy to create and manage scalable blockchain networks.

The would-be users of the platform have the option of either using Hyperledger Fabric and Ethereum (will be rolled out later).

The platform was launched during Amazon’s re:Invent conference and is another aspect of Amazon Web Services (AWS).

The said platform is currently in preview which means those interested can sign up and will have to go through an approval process.

Once approved, they will be able to create a blockchain network.

Amazon Managed Blockchain Platform is the latest blockchain-related project of Amazon.

In recent months, the cloud computing subsidiary has been rolling out blockchain related tools that will help its client develop and roll-out blockchain related services in their cloud platform.

This is another testament of traditional tech companies embracing the potential and benefits of distributed ledger technology.

The Man Behind Commission-Free Bitmex, Digitex Futures

The CEO and founder of Digitex Futures, Adam Todd has shared his thoughts on launching the world’s first commission-free, non-custodial future exchange which many have likened to a commission-free Bitmex.

According to the executive, traders in the platform can speculate on the price of Bitcoin similar to other platform in the space but without having to pay for transaction fees on their trades and without having to trust the exchange to hold their digital assets.

The new exchange will be using its own utility token that will help defray the cost of running the platform and as the primary asset in accounting all account balances and trading profits and losses.

Traders who wish to trade in the platform should have DGTX token. This will create demand for their native token.

The beta version of the platform is slated to be released sometime in Q4 2018 with a plasma infused production version of the platform to be released sometime in the summer of 2019.

Todd believes that one of the most important aspects for the exchange is to address scalability issue of the platform.

He believes that plasma will be the key in order to achieve this and the logic behind its partnership with Matter Inc. which is a member of the core Plasma development team.

Crypto Regulations Coming to Uganda Soon

It has been reported that the Uganda’s state finance minister, David Bahat will bring the National Payment System Bill to Parliament next month.

The bill seeks o address concerns over operators posing as cryptocurrency dealers.

The bill has been approved by the cabinet last October and caters to all forms of digital financial transactions.

It has been brought to the attention of parliamentary members that the government has provided no framework of supervision or legislation, allowing the illegitimate schemes to operate within the country.

According to Kwame Rugunda, chair of the Blockchain Association of Uganda, cryptocurrencies has been getting a bad reputation due to companies using cryptocurrencies to create ponzi schemes or purporting to be crypto business.

Many are hoping that with the passage of the new National Payment System Bill, it will provide regulatory clarity in the crypto ecosystem in Uganda and serve a basis in operating a legitimate, regulated and safe crypto-related business.

The passage of the bill comes at a time when Binance has recently opened shop in the country and will serve as its gateway to other African nations.

Binance was also reported to have been coordinating with local officials to share their insights and know-how gained in operating a global crypto company.

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