Ethereum Wallet for Opera Users: New Feature to Promote Bitcoin formula

Android users of the Internet browser Opera can now look forward to the integration of a wallet for Ethereum. This was announced by the company on 13 December at Hard Fork Decentraliced in London. This makes tangible what the company calls “Web 3.0”: Blockchain, crypto currencies and DLT solutions.

With Opera, Android smartphone users will be able to access an integrated wallet about Ethereum’s Ether.

This Bitcoin formula should make the often criticized complexity of handling crypto currencies much easier:

“We support Android smartphone users with an innovative browser that gives them the ability to experience Web 3 seamlessly. I’d like to invite all tech enthusiasts who may have heard of Bitcoin formula, but haven’t experienced Bitcoin formula yet, to try it with our new browser and Web 3. We made it very easy. We hope that this step will accelerate the transition from speculation and investment with crypto currencies to actual payments and transactions in the daily lives of our users, says Krystian Kolondra, EVP at Opera in a press release.

Adaptation through simplified application

What the company’s vice president has to say is in fact a hurdle that has held back the mainstream adaptation of Bitcoin & Co. so far: its application. Meanwhile, it still seems much easier for users to pay by card or in cash. However, the combination of crypto wallet and smartphone should make this easier in the future. Initially, the Wallet only supports Ethereum, other crypto currencies are also planned:

“We decided to support Ethereum because it has the largest community of developers who build Dapps and have developed a lot of dynamism. Opera supports the Ethereum Web3 API, which makes interaction with dApps smooth for the user. We believe that all browsers will eventually integrate a kind of wallet that will enable new business models to be developed on the web, says Charles Hamel, product manager at Opera.

Joseph Lubin, Ethereum co-founder, is also enthusiastic.
Joseph Lubin, co-founder of Ethereum, sees this as an important step:

“It’s an important step for one of the world’s leading browsers to add an Ethereum-based crypto-wallet and dApp-Explorer, and it speaks for Opera’s innovative roots and commitment to using next-generation technology. We see this as an important moment in improving the accessibility of dApps, opening Web3 to mainstream audiences, and encouraging developers to build on Ethereum.”

Maybe the Ethereum course (ETH) will work again with the increasing adaptation. This is currently just under 86 US dollars per ether.

Shut up, the next one: SEC targets influencers

In the wake of the conviction of Floyd Mayweather and DJ Khaled, the U.S. Securities and Exchange Commission (SEC) reaffirms its position on Initial Coin Offerings (ICOs). Influencers who do not mark advertising for ICOs as such will face prosecution.

In the future, social media influencers should rather keep their hands off the advertising of dubious ICOs. As SEC Enforcement reports via Twitter, the authorities want to put on harder bandages than prominent ICO promoters.

Social media influencers are often paid promoters, not investment professionals, and the securities they’re touting, regardless of whether they are issued using traditional certificates or on the blockchain, could be frauds.

Freely translated, the cryptosoft tweet reads as follows:

“Social media influencers are often paid advertisers and not professional cryptosoft investors. The assets advertised – whether they are traditional certificates or blockchain assets – could always be fraudulent projects.” More on: onlinebetrug.de

The example of Floyd Mayweather and DJ Khaled can also be seen in this context. The Securities and Exchange Commission accused the US celebrities of unfair advertising campaigns for a dubious ICO. Specifically, the influencers had failed to disclose their salaries for advertising, according to the SEC.

Because postings from celebrities with a large reach “in principle give the impression of being unbiased expressions of opinion and not paid advertising measures”. According to the SEC, this type of misleading is a punishable offence.

However, in order for influencers to be liable to prosecution, the advertised ICOs must be expressly considered securities. Only then do the typical SEC securities regulations take effect. As already reported by BTC-ECHO, the stock exchange supervisory authority now classifies the majority of ICOs in this category.

SEC: ICOs are securities

Since the beginning of the year, hundreds of ICOs have therefore come into the crosshairs of the authorities. Securities, as defined by the SEC, must first register with the supervisory authority. However, since the ICOs previously assumed that their projects did not meet this definition, the incriminated projects failed to register formally. This is now falling on the projects’ feet.

Meanwhile, SEC Chairman Jay Clayton confirmed the authority’s assessment of the legal status of ICOs in an interview with CNBC:

“We do not believe that Bitcoin is a security. Many of the ICOs you see and talk about are securities. And if you want to offer or sell securities, you must do so in accordance with our laws. We were aware that recent actions further confirm that our securities laws apply under ICOs. If people want to raise money with ICOs, they must either do so in a private placement or register with the SEC.”

Ueli Maurer: Switzerland does not get a new Blockchain law

There will be no new blockchain law in Switzerland. At least according to Finance Minister Ueli Maurer. This was announced by the SVP member at the Infrachain in Bern. Nevertheless, the country does not want to miss out on European integration.

The Infrachain is a blockchain conference that is somewhat out of line. Instead of the usual focus on the future of (international) financial technology, the Swiss capital will focus on the needs of public administration and infrastructure operators. In short: all areas that blockchain technology can revolutionize with more efficiency and cost reduction. To discuss this potential, representatives from industry and government met in Bern on 3 December.

Ueli Maurer wants to adapt laws for crypto trader

Ueli Maurer, Switzerland’s Finance Minister, spoke on the subject of crypto trader regulation. According to http://www.onlinebetrug.de/crypto-trader-review, there should be no new law for blockchain technology. Rather, the government wants to adapt existing laws in order to meet the new requirements of the technology. The Blockchain Task Force, which was set up in January, now has two weeks to provide the necessary documents.

According to the magazine, a total of six laws are about to be changed. These include the Swiss Code of Obligations and the Bankruptcy Act – according to Ueli Maurer, the necessary adjustments are to be introduced before the end of this year. After all, it is also important not to miss the European blockchain race.

Don’t miss the boat

Countries such as Malta and Liechtenstein are making efforts to achieve effective and attractive regulation. They offer tax incentives for young blockchain start-ups. In Germany, the authorities are not yet quite as united as in Switzerland. But at least there is already a plan to bring early regulation to the German Bitcoin scene. In any case, there is plenty of fertile soil for this.