“The AG [New York Attorney General] doesn’t have any authority over us. Two things I really hate are bullies and hypocrites, and this guy is both.’’ — Jesse Powell, CEO Kraken
The Big Block
When the internet began to explode as a consumer and business phenomenon, ironically one of the sectors caught most off guard were the very universities that birthed the global network. In a span of just a couple of years, the primarily academic network was being used for all sorts of communication, commerce, et al. and colleges scrambled to keep up. Curriculum development followed and the next generation of coders, businesspeople, and — really — all students could learn about internet tech and how it would change not just their professions but also the world.
As blockchain and cryptocurrency gain popularity and business uses begin to become real, universities are trying to get ahead of the curve this time with classroom offerings that recognize the inherently multi-disciplinary nature of the technology. Wired took a deep look at how some schools are embracing blockchain and one observation crystallized this notion well: “Blockchain as a technology requires that you understand a bunch of other things first: cryptography, distributed systems, operating systems,”said Andrew Myers, a computer science professor at Cornell University.
Of course, that’s just the technical side of blockchain, which most longer-term users won’t much care about. Myers noted that even on the tech side, there are many prerequisites it helps to have to properly learn blockchain — and he didn’t even mention the idea that having a grounding in the fundamentals of traditional, accounting-style ledgers would also be rather useful. Myers further mused that, “You need textbooks, and a lot of that knowledge just hasn’t been distilled into a form that lets you really teach a good undergraduate-level course yet.”
Read More on The Block (4 Minutes)
Around The Block
The New York Attorney General refers Binance and others to NYDFS over regulatory violations
The New York Attorney General (NY AG) has referred three cryptocurrency exchanges, including Binance and Kraken, to the New York Department of Financial Services, over the possibility that they have committed digital-currency regulatory violations. The referral is the result of a comprehensive investigation started by NY AG Barbara Underwood's predecessor, Eric Schneiderman in April, spanning two AGs and carrying significant weight and thoroughness. — More
Kraken will ‘probably’ register with the SEC
Kraken, the prominent US-based cryptocurrency exchange which famously spit fire at the state of New York when the Attorney General of the state requested regulatory compliance information in April, seems to have changed its tune. As the New York Attorney General today released a report referring Kraken to the authorities for digital currency regulatory violations, Kraken has slipped the word to Bloomberg that it may play nice with federal regulators. — More
Cloudflare announces support for distributed web-based IPFS — More
SEC Chief Accountant: Digital assets do not alter reporting standards — More
Bloomberg columnist examines Bitmain’s potentially shaky financial health — More
The Block Events
Here's where you can find The Block!
Tonight!!! - Blockchain Back to School Special; join The Block at our first NYC event held at the stunning SAP Hudson Yards campus (6:30 pm - 9:00 pm)
September 24-28 - Denver Startup Week
October 3-4 - CryptoSprings (Palm Springs, CA)
October 4-5 - FinnoSummit Miami; Kelcey Gosserand, GM, and Head of Community is delivering a keynote and leading a fireside chat
October 10 - Digital Assets for Family Offices & Fund Managers(New York); The Block community receives 30% off using the promo code THEBLOCK
November 14 - The Future of Logistics Technology Summit(Miami); The Block community receives 20% off using the promo code BLOCK20