November 18, 2020

Banks & Blockchain – Texas & Alberta

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Comprehensive List of Banks using Blockchain Technology

Blockchain has been around for a number of years but has only come to mainstream media attention in the last 24 months with the rise of the ICO and the massive price increases of 2017. This time last year, the market cap of all cryptocurrencies was under $75 Billion USD; 1 year later it is over $280 Billion, and now we are on the ‘brink of collapse’ with a market cap of $230 Billion. This is still a rise of over 300%, but with this success are other industries really taking notice?

One of the industries which have been the most opposed to blockchain technology is the finance industry, but specifically banks. Initially, they saw the concept of blockchain as direct competition, actively removing the control they have over the funds and accounts of their customers. However, major players in the finance industry have increasingly begun to warm up to blockchain.

‘Hope Springs Eternal’ Hope is a powerful life force that enables us to face and overcome challenges.

“Hope springs eternal in the human breast.” So said Alexander Pope, whose dictum is still as profound as it is poetic.

Hope is, of course, the belief one holds during difficult circumstances that things will get better. It is unique to our species because it requires words and thoughts to contemplate possible future events. (Some animals may sense impending events but obviously cannot conceptualize the future.)

There are countless dramatic stories of hope existing in people even in the most dire of circumstances. My late father was raised in destitute circumstances, yet never lost hope, which enabled him to withstand, overcome, heal, and grow as a person.

What Jason Kenney and Albertans can learn from Texas

Max Fawcett is a freelance writer and the former editor of Alberta Oil magazine and Vancouver magazine. He previously worked in Alberta’s Climate Change Office.

There may be no other place that holds a more prominent place in the shared imagination of Albertans than the state of Texas. It’s their geopolitical brother from another mother, a place similarly defined by western culture, rugged individuality and billions of barrels of oil and gas. While their numbers and influence have waned as American oil and gas companies retrenched south of the border, there is still a lively community of actual Texans living and working in Alberta. That helps explain why Alberta Premier Jason Kenney visited the state last week in a four-day effort to drum up investment in the province’s oil and gas industry.

But if he wanted to bring back something of value, the Premier should have returned with a renewed commitment to supporting economic diversification in Alberta. After all, it’s the one area where Alberta and Texas have taken very different paths.

Kenney vows to combat Texas efforts to lure Canadian companies south: ‘It’s on’

Alberta’s premier has a message for Texas firms looking to lure Canadian businesses to the Lone Star State — “it’s on.”

Jason Kenney says there has been a huge flight of money from Alberta’s energy sector to Texas in recent years.

“And that’s exactly why we are offering a better environment for investment than Texas,” he told a news conference in Calgary on Monday, where he was recapping recent trips to New York City and Ohio.

‘Albexit’: Why this economist thinks Alberta could separate from Canada
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‘If it’s really put to the wall, I think it could end up being an independent country,’ says Jack Mintz

As Albertans take to the streets and the roads to demand better support for the struggling oil and gas sector, one public policy expert says the province could go the way of the Brits.

Jack Mintz, a president’s fellow at the University of Calgary’s School of Public Policy, wrote in the Financial Post Wednesday that an “Albexit could be the next big shock.”

The column comes a day after the federal government pledged more than $1.6 billion in mostly loans to support Alberta’s ailing energy sector after the price of crude tumbled to $11 a barrel in late November.

Mintz spoke to As It Happens host Carol Off about what he calls Alberta’s “nuclear option.” Here is part of their conversation.

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