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The Blockchain Is Changing the Geriatric Care Industry

Blockchain tech has continued to revolutionize many industries. Transparency, efficiency, traceability, speed, security, and cost-efficiency are just a few of the qualities that are prompting many people to turn to this technology. While some industries like finance, supply chain management, and healthcare have received most of the attention, other industries are quietly making major strides through the application of blockchain technology. One such industry is the senior care sector, which has continued to grow every year and which is expected to be worth $1 trillion by 2024. Why Blockchain Technology Is The Long-Awaited Solution According to a study by Global Markets Insight, a need

Blockchain tech has continued to revolutionize many industries. Transparency, efficiency, traceability, speed, security, and cost-efficiency are just a few of the qualities that are prompting many people to turn to this technology. While some industries like finance, supply chain management, and healthcare have received most of the attention, other industries are quietly making major strides through the application of blockchain technology. One such industry is the senior care sector, which has continued to grow every year and which is expected to be worth $1 trillion by 2024.

Why Blockchain Technology Is The Long-Awaited Solution

According to a study by Global Markets Insight, a need for innovative solutions has increasingly dogged the geriatric care industry. The sector is plagued by other challenges as well, including lengthy and chaotic processes, a shortage of senior homes, and a deficit of trained workers.

Sunny Kapoor, the founder and CEO of GladAge, concurs with the study and views the blockchain as the long-awaited solution. Speaking exclusively to The Merkle, Kapoor expressed his firm belief that blockchain tech will not only bring about a fair distribution of finances, but also ensure that there is transparency in this industry.

With blockchain on board, the senior care landscape will be incredibly decentralized to ensure a just distribution of finances. Further, transparency in the system will not only benefit seniors but also other stakeholders like property owners, workers and service providers.

The blockchain’s immutable nature will also protect data like financial and medical records from security breaches.

Other [advantages] of blockchain that will help to revolutionize the sector [over] the existing technologies are open source, improved capacity, and unparalleled immutability. All the sensitive data that is [under] a continuous threat of breaches like financial records, health data, user & caretaker profiles and credit scores will be exceedingly secure with blockchain.

Creating an ecosystem in which the important players such as property owners and government organizations have a common and open platform on which to engage with seniors will go a long way in making the lives of the elderly more comfortable. GladAge strives to bring this convenience to the geriatric care sector, having partnered with major corporations to secure funding. The company is currently conducting a pre-sale, having already met its $2 million soft cap. Its ecosystem will utilize a native token, GAC, for leasing properties, renting, making payouts, shopping for supplies, and incentivizing, with a rating system for caregivers being put in place to ensure excellence.

The time for a revolution has come, Kapoor has concluded. Human history has been marked by revolutions, and just as our forefathers were part of the industrial revolution, it’s our duty to embrace the blockchain revolution to better the world for future generations.

Our future deserves to be rid of these issues of the present, and for this we need blockchain. The global economy is ripe with data and huge established markets, just what the technology needs for a fourth industrial revolution, which is gradually erasing the lines between physical, biological, and digital spaces.

MMA Fighter Mei Yamaguchi Comes Out Swinging for Bitcoin.com

MMA Fighter Mei Yamaguchi Comes Out Swinging for Bitcoin.comOn May 18, 2018, the One Championship fighter, female mixed martial artist (MMA) Mei Yamaguchi sponsored by Bitcoin.com, faced the Atomweight World Champion Angela Lee in a re-match bout called ‘Unstoppable Dreams.’ Also read: US State Issues Emergency Cease and Desist Orders to Two Crypto Investment Firms Japanese MMA Veteran Mei Yamaguchi Enters the Ring Sporting […]

The post MMA Fighter Mei Yamaguchi Comes Out Swinging for Bitcoin.com appeared first on Bitcoin News.

MMA Fighter Mei Yamaguchi Comes Out Swinging for Bitcoin.com

On May 18, 2018, the One Championship fighter, female mixed martial artist (MMA) Mei Yamaguchi sponsored by Bitcoin.com, faced the Atomweight World Champion Angela Lee in a re-match bout called ‘Unstoppable Dreams.’

Also read: US State Issues Emergency Cease and Desist Orders to Two Crypto Investment Firms

Japanese MMA Veteran Mei Yamaguchi Enters the Ring Sporting Bitcoin.com Gear

This Friday the Bitcoin.com sponsored Japanese veteran MMA fighter Mei Yamaguchi to meet her adversary Angela Lee again, in the the mixed martial artist female championship bout of the year at the One Championship Arena in Singapore.

MMA Fighter Mei Yamaguchi Comes Out Swinging for Bitcoin.com
Mei Yamaguchi

Before the fight began the champion fighter came out sporting a Bitcoin.com t-shirt that says ‘Bitcoin Cash’ and a ‘BCH PLS’ hat as the crowd went wild over Yamaguchi’s entrance. Yamaguchi’s cold stare had shown the crowd the MMA veteran was very serious about this re-match with Lee.

As 138 countries watched during the first four rounds of the bout, it seemed Lee dominated Yamaguchi. A ton of punches and takedowns took place during the fight as each round timed out for the two Brazilian Jiu-Jitsu black belts.

MMA Fighter Mei Yamaguchi Comes Out Swinging for Bitcoin.com

Mei Yamaguchi Put Up an Excellent Fight but in the End, Angela Lee Takes the Win

The Bitcoin.com sponsored Yamaguchi threw some incredible punches at Lee but her adversary managed to come back. During the fifth and final round Yamaguchi came out swinging hard with many double leg takedowns, submissions, and threw lots of strikes from the bottom.

MMA Fighter Mei Yamaguchi Comes Out Swinging for Bitcoin.com

After the fifth round of the Unstoppable Dreams bout the judges came to the decision that the Atomweight World Champion Angela Lee had won the fight. Lee then thanked her team for their support but also stated that Yamaguchi put up a tough fight as the Japanese veteran is very experienced.

MMA Fighter Mei Yamaguchi Comes Out Swinging for Bitcoin.com

At Bitcoin.com we’re proud of Mei Yamaguchi’s efforts during the One Championship in Singapore, and we think she put up one hell of a fight.

Did you watch the Unstoppable Dreams One Championship fight? Let us know what you think of this subject in the comments below.


Images via Pixabay, One, and Youtube


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Amber Baldet, Former JPMorgan Exec Says Banks Will Start Trading Crypto Soon

The former head of JPMorgan’s blockchain operation has said that banks will start to trade cryptocurrency sooner than people think. Banks Are Slowly Changing Their Positions Amber Baldet, a former JPMorgan executive, was speaking during CNBC’s ‘Power Lunch‘ today where she said that banks trading digital currencies was ‘coming sooner than people think.’ She added:

The post Amber Baldet, Former JPMorgan Exec Says Banks Will Start Trading Crypto Soon appeared first on NewsBTC.

The former head of JPMorgan’s blockchain operation has said that banks will start to trade cryptocurrency sooner than people think.

Banks Are Slowly Changing Their Positions

Amber Baldet, a former JPMorgan executive, was speaking during CNBC’s ‘Power Lunch‘ today where she said that banks trading digital currencies was ‘coming sooner than people think.’ She added:

“But even where the will is, the legal and regulatory framework is challenging.”

Notably, despite investor interest in the market, particularly in the last year, banks have remained steadfast and have stayed away from the industry. It’s only in the last few months that the finance sector has started to turn its attention to the sector.

Earlier this month, Goldman Sachs announced that it was introducing a cryptocurrency version of the U.S. dollar. According to the report, it stated that the introduction of blockchain-based computing and cryptographic assets had brought in a new era of the ‘open internet.’ It added that ‘a price-stable medium of exchange and store of value is missing,’ which is needed for ‘global financial interoperability to function reliably and consistently.’

Bank are starting to consider the use of digital currencies within their platforms, but, according to Baldet custody is still a significant challenge.

Since Baldet announced her departure from JPMorgan in April questions have arisen as to what she will be doing next. During the Consensus conference in New York, Baldet who was listed under Fortune’s 40 Under 40 list, unveiled her new startup, Clovyr, which claims to offer something similar to the app store, but for projects built on the blockchain.

She said:

“There’s no way to discover what’s out there right now, there’s no Google for finding applications. The ability to discover apps is helpful but the ability to build them is also encompassed in there.”

Earlier today it was reported that JPMorgan was hiring a 29-year-old to head its crypto-assets strategy. Such a move from the Wall Street bank represents a significant turnaround for the banking giant, and signals that it may be considering taking the sector seriously enough to warrant further inspection of it.

Featured image from Shutterstock.

The post Amber Baldet, Former JPMorgan Exec Says Banks Will Start Trading Crypto Soon appeared first on NewsBTC.

Bing Follows Facebook, Google in Banning Crypto Ads

Microsoft Corp. announced earlier this week that its native search engine, Bing, will ban all cryptocurrency-related ads by July of this year. The announcement was made in an official blog post in which the company’s Advertiser Policy Manager, Melissa Alsoszatai-Petheo, made it known to users that in the spirit of “constant work-policy evaluation” and in order to ensure that customers were being provided with the safest and smoothest online experience, Microsoft would ban all crypto-related ads. The blog post read: Because cryptocurrency and related products are not regulated, we have found them to present a possible elevated risk to our users with the potential

Microsoft Corp. announced earlier this week that its native search engine, Bing, will ban all cryptocurrency-related ads by July of this year.

The announcement was made in an official blog post in which the company’s Advertiser Policy Manager, Melissa Alsoszatai-Petheo, made it known to users that in the spirit of “constant work-policy evaluation” and in order to ensure that customers were being provided with the safest and smoothest online experience, Microsoft would ban all crypto-related ads.

The blog post read:

Because cryptocurrency and related products are not regulated, we have found them to present a possible elevated risk to our users with the potential for bad actors to participate in predatory behaviors, or otherwise scam consumers.

Alsoszatai-Petheo elaborated on her company’s stance, writing that the move to disallow advertising for cryptocurrency-related products, and unregulated binary options was driven solely by the economic risks that this market poses to “unsuspecting investors”.

The policy change will come into effect globally in June, and implementation will be enforced by early July.

Bing’s ad ban comes in the wake of similar prohibitions enacted by Facebook, Google and Twitter earlier this year.

BTC price declines further

Over the past 24 hours, the cryptocurrency markets have seen declines across the board, with the vast majority of the big digital currency players showcasing bearish signals.

BTC price chart for the past month

After falling below $9,000 on May 11, Bitcoin has continued its sluggish performance, with the currency having fallen below the $8,000 mark. However, despite this most recent decline, a 30-day price index analysis shows that Bitcoin has seen an overall gain of nearly 3 percent during this time window.

Final thoughts

In the past couple of days, cryptocurrencies have been receiving flak from European financial authorities, with Yves Mersch, a board member at the European Central Bank (ECB), claiming that banks should “segregate” their dealings in cryptocurrencies from their other financial activities.

He made his beliefs abundantly clear when he said that “digital tokens do not qualify as money.”

WFP Crypto Food Vouchers Reach over 100k Syrian Refugees

Since last year, the United Nation’s World Food Programme (WFP) has distributed cryptocurrency-based food vouchers to more than 100,000 Syrian refugees living in Jordan, bypassing bureaucracy and getting aid to where it’s needed, reports Rightsinfo. The WFP is just one of an increasing number of global institutions and non-profit organizations and charities adopting DLT in order improve the …

The post WFP Crypto Food Vouchers Reach over 100k Syrian Refugees appeared first on BitcoinNews.com.

Since last year, the United Nation’s World Food Programme (WFP) has distributed cryptocurrency-based food vouchers to more than 100,000 Syrian refugees living in Jordan, bypassing bureaucracy and getting aid to where it’s needed, reports Rightsinfo.

The WFP is just one of an increasing number of global institutions and non-profit organizations and charities adopting DLT in order improve the lives of those either caught up in humanitarian crises or simply in need of support.

Think tank Blockchain For Good, which cites 10 principles on its BC4G website as a company ethos, claim a first principle of “Blockchain is Trust, and trust is at the heart of blockchain“. It is an approach with others that can help to underpin a fairer society, helping with redistribution of wealth, and global human rights and humanitarian issues, and a form of redistributed power for the masses.

Along with IBM, both the UN and the World Food Programme are now proactively using blockchain to record transactions. IBM project manager Kathryn Harrison commented that the company was looking to become involved in projects that can make some social impact, exploring “opportunities to use this technology in areas that we can do some pretty substantial social good”.

Robert Opp, Director of Innovation at WFP, points out that it is this desire for “social good” which is driving the current use of blockchain technology by the organization, adding that:

“Blockchain technology allows us to step up the fight against hunger. Through blockchain, we aim to cut payment costs, better protect beneficiary data, control financial risks, and respond more rapidly in the wake of emergencies… using blockchain can be a qualitative leap, not only for WFP, but for the entire humanitarian community.”

WFP now has many small localized blockchain-based projects in progress around the world, such as providing lunches for Tunisian schoolchildren. Partnering up with startup Devery and the Tunisian government, the NGO has developed a more accountable tracking system for meal deliveries in that country, also delivering training for local workers on the ground.

A private company, London-based Provenance, is currently using DLT to support retailers and producers to trace origins of products and materials, ensuring that their source is entirely reputable and has no attachment to the current scourge of slave labor in some countries. The company claim that it is “working towards an open traceability protocol – that anyone can use to track the provenance of anything from coffee beans to a roll of fabric“.

Such technology offers consumers the opportunity to make wise choices, given the clarity that blockchain provides. Disreputable companies are thus given a greater incentive to change their operations to reflect ethical and humanitarian norms when dealing with their staff and workers on the ground.

A recent project overseen by the Provenance involved the seafood industry in Indonesia, where slave labor was being used to catch tuna. Other similar projects are becoming more common as blockchain’s accountable system of tracking shows its worth to NGOs and private companies globally.

Africa is the most expensive country to send money to, due to money needing to pass through expensive intermediaries such as Western Union. BitPesa, a Bitcoin payment firm, has created a platform to facilitate people working abroad to send money home to their families in sub-Saharan Africa and vice verse, both cheaply and efficiently.

Also due to a partnership with Germany firm Bitbond which uses blockchain for lending, BitPesa now helps small businesses find financing in Kenya, Nigeria, Uganda, and Tanzania.

 

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COTI Signs Up over 2,000 Merchants to its Crypto Payments Service

Tel Aviv, Israel, May 18 2018 – COTI is leading the way in the adoption of cryptocurrency across mainstream markets. Since mid-April, over 2,000 professional e-commerce merchants from around the globe have signed up to use COTI’s payments system, in addition to over 50,000 platform users. They have signed up to the alpha net version of COTI’s platform, in anticipation of the full launch later this summer, demonstrating that COTI’s payments system is the crypto solution of choice. This marks an important milestone in the company’s development. Spanning a variety of sectors within the e-commerce space, the new merchants include

Tel Aviv, Israel, May 18 2018COTI is leading the way in the adoption of cryptocurrency across mainstream markets. Since mid-April, over 2,000 professional e-commerce merchants from around the globe have signed up to use COTI’s payments system, in addition to over 50,000 platform users. They have signed up to the alpha net version of COTI’s platform, in anticipation of the full launch later this summer, demonstrating that COTI’s payments system is the crypto solution of choice.

This marks an important milestone in the company’s development. Spanning a variety of sectors within the e-commerce space, the new merchants include popular mobile casino sites Monaco Players Club and Royal Savoy Casino, as well as Volunteer Southern Africa, an organisation which has hosted over 9,500 volunteers across projects in South Africa.

Merchants benefit from COTI’s unique network for decentralized and scalable payments, which aims to solve the challenges posed not only by traditional payment methods, but also by current key cryptocurrencies, by facilitating efficient, secure, frictionless and cost-effective international commerce.

COTI achieves this by using a next-generation blockchain system which consists of DAG (directed acyclic graphs) structures. In using this cutting edge technology, COTI has developed a new base protocol, the Trustchain™. Unlike current blockchain systems, which have serious issues with speed and scalability, the Trustchain™ can process 10,000 transactions per second. COTI is set to launch a full payments ecosystem, comprising the COTI coin, wallet, and a currency exchange. Merchants who have signed up will have access to all these applications.

Earl Smith, owner of Volunteer Southern Africa, commented:

“We saw COTI as the perfect solution for our requirements, as it enables trustworthy, fast, simple payments on a global scale. This helps to support our everyday processes and transactions in a seamless way, which is crucial for our business and the fast-moving sector we operate in. For us, COTI has solved the issues which are faced by so many traditional payments solutions out there.”

COTI is constantly developing its offering to best meet merchants’ requirements, and recently signed an exclusive partnership with Processing.com, which has tens of thousands of users. Merchants on the Processing.com platform now accept COTI coin as a means of payment, marking a significant development in the real-world adoption of blockchain and crypto solutions. Prior to this, COTI also announced its integration with Bancor, which enables COTI to function as a currency of everyday conversions.

For further information, visit COTI or read COTI’s whitepaper here.

About COTI 

COTI is a FinTech company that has developed a base protocol, known as the Trustchain™, based on a DAG data structure that is able to process 10,000 transactions-per-second. It also includes a novel behavioral trust scoring algorithm and a decentralized POS system to resolve disputes between network participants.

The team includes Greg Kidd (early investor in Twitter, Square, Coinbase, Ripple), Steven Heilbron (former CEO of Investec bank), Dr. Matthew McBrady (former CIO of Blackrock), the founders of Processing.com and other reputable individuals.

This is a sponsored press release and does not necessarily reflect the opinions or views held by any employees of The Merkle. This is not investment, trading, or gambling advice. Always conduct your own independent research.

Even more bullish on bitcoin after Consensus 2018, says Fundstrat’s Tom Lee – CNBC


CNBC

Even more bullish on bitcoin after Consensus 2018, says Fundstrat’s Tom Lee
CNBC
Even more bullish on bitcoin after Consensus 2018, says Fundstrat’s Tom Lee. 6 Hours Ago. So where’s the bitcoin rally? Was it the wrong Consensus? With Fundstrat’s Tom Lee, CNBC’s Melissa Lee and the Fast Money traders, Steve Grasso, Brian Kelly, …


CNBC

Even more bullish on bitcoin after Consensus 2018, says Fundstrat's Tom Lee
CNBC
Even more bullish on bitcoin after Consensus 2018, says Fundstrat's Tom Lee. 6 Hours Ago. So where's the bitcoin rally? Was it the wrong Consensus? With Fundstrat's Tom Lee, CNBC's Melissa Lee and the Fast Money traders, Steve Grasso, Brian Kelly, ...

Bitcoin, Ethereum, and Blockchain Super Conference II Promises to Reveal New Profit Opportunities from the Next Bitcoin Bull Run

DALLAS, TX – In February, the Bitcoin Ethereum and Blockchain Super Conference brought together hundreds of cryptocurrency and blockchain enthusiasts, investors, and leaders. Now, the organizer and host, Richard Jacobs, is hosting a second conference at Dallas this September. Mr. Jacobs says the Bitcoin, Ethereum & Blockchain Super Conference II will disclose new information –  revealed by select industry leaders – that elevates cryptocurrency and blockchain investment opportunities to the next level. Tickets for the conference are available now. “Before I even made it home from the first conference, my inbox was overflowing with emails asking when we were having

DALLAS, TX – In February, the Bitcoin Ethereum and Blockchain Super Conference brought together hundreds of cryptocurrency and blockchain enthusiasts, investors, and leaders. Now, the organizer and host, Richard Jacobs, is hosting a second conference at Dallas this September.

Mr. Jacobs says the Bitcoin, Ethereum & Blockchain Super Conference II will disclose new information –  revealed by select industry leaders – that elevates cryptocurrency and blockchain investment opportunities to the next level.

Tickets for the conference are available now.

“Before I even made it home from the first conference, my inbox was overflowing with emails asking when we were having a second conference, and how they could secure a ticket early”, said Mr. Jacobs.

“Right then, I knew we had a responsibility to take everything to the next level.”

Mr. Jacobs took the overwhelming response seriously. The new conference, coming to Dallas this September, is appropriately dubbed the Bitcoin, Ethereum, and Blockchain Super Conference II.

Richard Jacobs, the organizer of the Bitcoin, Ethereum & Blockchain Super Conference II, is also the publisher of Future Tech Podcast, Crypto News Insider, and the author of the book Bitcoin, Ethereum, and Blockchain: Surprising Insights from 200+ Podcast Interviews of Industry Insiders.

The main focus of this second conference will be on the next bull run of Bitcoin, which, just like with the 2017 bull run, could happen at any moment. This time around, informed investors who buy in early before the price shoots could be the next class of “crypto millionaires”.

Tickets are on sale at the Super Conference website:

https://www.thefuturetechexpo.com/register/

###

Press contact:

Richard Jacobs

[email protected]

(888) 448-4590

About the Bitcoin, Ethereum, and Blockchain Super Conference II:

This three-day conference will be held at the Kay Bailey Hutchison Convention Center in Dallas from Friday September 14th to Sunday September 16th, 2018. We are expecting more than 1,000 attendees, at least 50 headline speakers, and upward of 50 exhibitors – with talks from founders, developers, and early-stage investors of cryptocurrencies and blockchain startups, including many that are planning ICOs throughout the last quarter of 2018 and 2019. The focus will be on the next crypto market cycle.

More information is available at:

https://www.thefuturetechexpo.com/register/

This is a sponsored press release and does not necessarily reflect the opinions or views held by any employees of The Merkle. This is not investment, trading, or gambling advice. Always conduct your own independent research.

What’s Your Favorite Cryptocurrency?

favorite cryptocurrencyThe markets are flooded with all types of cryptocurrencies clamoring for our attention. Some of them are demonstrably solid – others, not so much. It’s a noisy space filled with so-called experts and useless tokens that fail to deliver. Amid the shilling, pumping, and excessive hype, it’s easy to get distracted. To get back to basics and glean some real perspective, I asked a few long-term industry players what their favorite cryptocurrencies were. Here are the top five: Bitcoin An oldie but goodie, Bitcoin still tops many an enthusiast’s list, despite newer coins that offer faster and cheaper transactions, and greater resistance to volatility. That

favorite cryptocurrency

The markets are flooded with all types of cryptocurrencies clamoring for our attention. Some of them are demonstrably solid – others, not so much. It’s a noisy space filled with so-called experts and useless tokens that fail to deliver. Amid the shilling, pumping, and excessive hype, it’s easy to get distracted. To get back to basics and glean some real perspective, I asked a few long-term industry players what their favorite cryptocurrencies were. Here are the top five:

Bitcoin

An oldie but goodie, Bitcoin still tops many an enthusiast’s list, despite newer coins that offer faster and cheaper transactions, and greater resistance to volatility. That doesn’t mean Bitcoin’s out of the game, though – far from it. In fact, according to some, it’s just getting started.

“My favorite cryptocurrency is Bitcoin because of its fixed supply and liquidity. Both are key to a strong investment,” says Kyle Asman, co-founder of Bx3, a business advisory firm for companies in the crypto and blockchain space.

Short, simple, and BS-free, just the way it should be.

Robert Masters, managing director of Blue Chip Vision, is another Bitcoin believer. As one of the first hundred people to invest in cryptocurrency, he’s created multiple platforms that leverage digital currency and blockchain tech.

Bitcoin is still his favorite due to its multiple use cases and brand value that produces its longevity and price stability. He says:

“I use Bitcoin for multiple purposes myself. The first is as a weekly means of international remittance transfer to pay invoices abroad… saving myself upwards of a 10 percent fee per transaction that would normally be swallowed by a financial institution. The second is as a long-term storage of value. Bitcoin’s limited supply means the ongoing demand ensures Bitcoin’s long-term stability and [appreciation], which is a win-win scenario if you HODL.”

EOS

EOS has been causing a stir as of late, catching the attention of many an investor. Says Pete Woodard, CEO of ICO consulting firm IBC Group:

“My focus at the moment is watching EOS unfold. [With the mainnet] launching in June, [a] strong team with deep-rooted relationships, and OTC volume coming from China, it has real potential to capture the market. EOS interests me from an operational and execution [perspective]. After meeting the team, they have both in spades.”

Another investor keenly following EOS is Ivailo Jordanov, Partner at Gattaca, a digital assets fund based in the UK. He says, “EOS is building a fast, scalable infrastructure taking into account usability. They are also working with a number of funds to provide financial backing for projects to be built on the platform. In addition, the company behind EOS has the most capable team in the blockchain space.”

Ethereum

No surprise that this powerhouse cryptocurrency makes the top five. Zak Cole, CTO of the Whiteblock scalable blockchain testing platform, says:

“As a blockchain developer, this makes Ethereum the obvious choice for me. The project actually provides practical value, and the community is great. It seems to have attracted some of the best developers in the world, so if I had to guess which cryptocurrency would be most successful in the long run, I’d feel pretty safe betting on Ethereum.”

Bitcoin Cash

nChain CEO and CoinGeek.com conference host Jimmy Nguyen’s favorite cryptocurrency by far is Bitcoin Cash. He says, “With its bigger blocks, faster speed, and lower transaction fees, Bitcoin Cash can fulfill the Satoshi Nakamoto white paper’s vision – a peer-to-peer electronic cash system.”

Echoing that sentiment is Henry Stanley, founder of ICOAxiom.com. “My favorite cryptocurrency is Bitcoin Cash. In terms of price, it’s cheaper than Bitcoin… at the same time, [it’s] very correlated to Bitcoin’s price movement. If Bitcoin goes to $100,000 as some experts have predicted, it won’t do so in a [vacuum]; Bitcoin Cash will also increase in value in a similar manner. Also, in the last six months, the returns on Bitcoin Cash have outperformed the original Bitcoin.”

Dash

Last but maybe not least on the list is Dash, with Antonio Moratti, Chief Marketing Officer at the GoByte Network blockchain project, singing its praises. “One of the reasons why I like Dash,” he says, “is its decentralization. Dash does not have centralized management. Decisions on the further development of the system are made not by individual programmers, but by all members of the Dash network through the Decentralized Governance mechanism. Also, mining Dash requires less energy than other cryptocurrencies, thanks to the X11 algorithm. Each member of the network can contribute their ideas on the development of the cryptocurrency or vote for other initiatives.”

So, there you have it. Before you get swayed by the latest market movement, keep a cool head and consider a few things first. Does the cryptocurrency have longevity? It’s not a prerequisite, but it might be important. If it’s a work in progress, does it have a good team behind it? Does it solve problems? Is it liquid? Decentralized? Fast? Does it have a fixed supply?

If you can’t tick the boxes that make sense to you, maybe it’s worth thinking twice before putting your money into it.

Bitcoin Today: Prices Sink to One-Month Low as Bid to $10000 Falters – TheStreet.com

TheStreet.comBitcoin Today: Prices Sink to One-Month Low as Bid to $10000 FaltersTheStreet.comBitcoin prices dipped as low as $7,930 in Friday trading as the early-May bid toward $10,000 looked to disappear. The top cryptocurrency by market value led m…


TheStreet.com

Bitcoin Today: Prices Sink to One-Month Low as Bid to $10000 Falters
TheStreet.com
Bitcoin prices dipped as low as $7,930 in Friday trading as the early-May bid toward $10,000 looked to disappear. The top cryptocurrency by market value led most of the largest digital assets into the red, as only about 12 of the top 100 cryptos traded ...

Apple, Twitter Founders Upbeat on Future of Bitcoin and Blockchain

Apple co-founder Steve Wozniak, appearing at the WeAreDevelopers World Congress in Vienna on Wednesday, told the assembled audience that he saw both blockchain and cryptocurrencies reaching their future full potential in just a decade, according to Cointelegraph. Wozniak’s speech at the IT conference, Europe’s largest of its kind attracting roughly 8,000 visitors from 70 countries, opened the …

The post Apple, Twitter Founders Upbeat on Future of Bitcoin and Blockchain appeared first on BitcoinNews.com.

Apple co-founder Steve Wozniak, appearing at the WeAreDevelopers World Congress in Vienna on Wednesday, told the assembled audience that he saw both blockchain and cryptocurrencies reaching their future full potential in just a decade, according to Cointelegraph.

Wozniak’s speech at the IT conference, Europe’s largest of its kind attracting roughly 8,000 visitors from 70 countries, opened the event, where he was attending to present his views on how blockchain was shaping the future of the technology sector. On this occasion, he focused his attention on the advancement of blockchain in his address with a less flamboyant approach, unlike his comments at the October Money 20/20 conference in Las Vegas last year, when he referred to Bitcoin as “better” and more “stable” than gold.

Referred to by the Apple co-founder as “the next major IT revolution that is about to happen”, Wozniak suggested that within the decade, decentralized technology would need to be adopted more widely and not simply limited to cryptocurrency, but applied to a diversity of sectors. However, he did point out that DLT had an advantage over fiat currencies due to the limitation on how many Bitcoins could exist, given that the US dollar could simply be printed, describing Bitcoin as more “genuine and real”.

Another major IT player, Jack Dorsey, was speaking at another gathering, the Consensus conference in New York, on the same day. The founder of Twitter and CEO of Square expressed a view there that he was positive that, in the future, the “internet is going to have a native currency”, hoping that it would be Bitcoin. He said that a common digital currency used by everyone would be the future, although until then people would continue to use various digital and traditional currencies to pay for goods and services, Fortune reports.

Like Wozniak, Dorsey has long been a supporter of Bitcoin and other digital currencies. His company Square allows for Bitcoin transactions, and buys and sells the digital currency.

 

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Cryptocurrency Mining Firm Takes Aim at Warren Buffet with Amusing Billboard Trolling

A cryptocurrency mining firm claims to be responsible for a billboard that has appeared near Warren Buffet’s office in Omaha. Whilst still unconfirmed, Genesis Mining are apparently behind the taunting publicity stunt. Warren Buffet Publicly Trolled over Bitcoin Comments The co-founder of colossal Bitcoin mining firm Genesis Mining tweeted a picture of the billboard earlier

The post Cryptocurrency Mining Firm Takes Aim at Warren Buffet with Amusing Billboard Trolling appeared first on NewsBTC.

A cryptocurrency mining firm claims to be responsible for a billboard that has appeared near Warren Buffet’s office in Omaha. Whilst still unconfirmed, Genesis Mining are apparently behind the taunting publicity stunt.

Warren Buffet Publicly Trolled over Bitcoin Comments

The co-founder of colossal Bitcoin mining firm Genesis Mining tweeted a picture of the billboard earlier today. The message displayed on the sign is clearly addressed to the 87-year-old billionaire and reads:

“Warren: You said you were wrong about Google and Amazon. Maybe you’re wrong about Bitcoin?”

The picture was posted this morning by Marco Krohn and references Buffet admitting to missing an opportunity by dismissing now tech giants Google and Amazon in their formative days as well as his continual expressions of contempt for the leading cryptocurrency, Bitcoin.

During the Berkshire Hathaway annual shareholder meeting this month, Buffet spoke about his opinion of the tech companies being wrong:

“I made the wrong decisions on Google and Amazon.”

Buffet has also repeatedly dismissed digital currencies. At the same meeting in which he addressed him missing out on the technology stocks, he claimed Bitcoin was ‘probably rat poison squared.’ Later in an an interview with CNBC’s ‘Squawk Box’ he attacked supporters of cryptocurrency for defending the digital asset class. He said:

“If people react when you criticise their investment, if they get mad, they’re gambling… If they really like what they own, what difference would it make? If I criticise their wife or something, they don’t get all upset about it [laughs].”

This isn’t the first time the cryptocurrency community has trolled Warren Buffet over his comments about Bitcoin. This month both a ‘Rat Poison Squared’ clothing line and even Rat Poison Squared Coin have been launched as tongue-in-cheek references to Buffet’s bizarre choice of insults for Bitcoin. The joke currency is the work of ECoinmerce, which is apparently the world’s first decentralised digital currency marketplace. Their CEO Rex Chen spoke to Globe Newswire about the new digital currency offering:

“If enough people agree something has value, it does. The same is true of greenbacks or gold, or Bitcoin or any other coin. Perception shapes reality, influencing everything from investments to the cost of goods and services. One person’s rat poison (or Rat Poison) is another’s potion for success.”

Featured image from Shutterstock.

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Japan Banking Giant Mitsubishi Goes Crypto With Own Coin

Japan’s Banking Giant Mitsubishi Goes Crypto With Own CoinMitsubishi UFJ Financial Group, Inc, one of the top five banks in the world, announced its intention of testing a proprietary cryptocurrency by 2019. The idea is to roll out its coin initially to a relative handful of customers, hoping they’ll participate in finding inevitable bugs as they make typical retail purchases. For Japan, it’s […]

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Japan’s Banking Giant Mitsubishi Goes Crypto With Own Coin

Mitsubishi UFJ Financial Group, Inc, one of the top five banks in the world, announced its intention of testing a proprietary cryptocurrency by 2019. The idea is to roll out its coin initially to a relative handful of customers, hoping they’ll participate in finding inevitable bugs as they make typical retail purchases. For Japan, it’s yet another indication the country’s business culture is betting on a crypto future.

Also read: Alec Baldwin’s Lambo Movie Backed by Crypto Tech

Japan Banking Behemoth to Test Proprietary Coin

Mitsubishi UFJ Financial Group, Inc. (MUFG; 株式会社三菱UFJフィナンシャル・グループ), after a few years of plotting (since 2015), appears ready to roll out its own crypto token, MUFG Coin by 2019. In doing so, it would become the first major bank on the planet to issue a variation on cryptocurrency. The plan involves testing MUFG Coin in 2019 with 100,000 users, hoping they will shop the token through retail outlets, everything from clothing to food.

In early 2016, Asahi Shimbun, Japanese daily, broke the story of how MUFG bundled a trial-trial with an iteration then of MUFG Coin and a smartphone app. “MUFG coin takes advantage of the new technology that is on a network of multiple smaller computers,” a company report at the time revealed. “It is possible to cheaply build a tamper-resistant transaction record of the ledger, otherwise referred to as the ‘blockchain.’”

MUFG Coin’s users in 2019 would indeed have to download an app, converting fiat deposits. The token is supposedly designed for parity with Japanese yen. When the project was hatched three years ago, one rationale was to bring down transactional frictions with regard to remittances and transfers, using a variation on peer-to-peer platforms to lower costs.

Japan’s largest bank’s crypto appetite was probably wet by participation years ago in private consortium, R3. Dozens of international banks collaborated at the time to study crypto-related solutions. Indeed, close to a dozen of those banks tested distributed ledger tech using Ethereum by way of Azure. That four continent experiment proved to bankers such as Mitsubishi crypto tech was for real.

Better than Bitcoin?

Fall of last year, MUFG president Nobuyuki Hirano insisted the bank was trying to “overcome issues of virtual currencies and create a highly useful currency.” The quote revealed two things: an acknowledgment the bank was monitoring cryptos, and how ubiquitous currencies such as bitcoin core (BTC) were becoming in Japan, which ruled BTC legal tender. 

MUFG president Nobuyuki Hirano

Various reports also claim MUFG is trying to get cooperation from other banks in its digital endeavor. If such is to come about, MUFG Coin will have to compete with J-Coin, a Mizuho bank crypto shooting for roll out during the upcoming Tokyo Olympic games (2020). And while not a bank, Yahoo! Japan has entered the space as well, and e-commerce group DMM (close to 30 million users) has already launched a cryptocurrency exchange.

Mitsubishi United Financial of Japan Group (MUFG) boasts $2.5 trillion in assets. It also ranks second in the world as a holding company, and is the largest financial group in Japan. For its part, regulators such as its Financial Services Agency (FSA) initiated a half dozen mandates aimed at squashing sketchier alternative coins while protecting the existing market.

Did you think big banks issuing their own coins is good for the ecosystem? Share your experiences in the comments section below!


Images courtesy of Shutterstock, MFUG.


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