Day: October 9, 2018

Crypto Mining Becomes Less Profitable, Shifts Towards ‘Bigger Players,’ Report Shows

boss

Bitcoin (BTC) miner revenues for the first six months of 2018 have already surpassed results in 2017, but the miners themselves see little profit, weekly crypto outlet Diar reports Monday, October 8. As per the Diar report, the rewards and fees for BTC miners have already reached $4.7 billion in the first three quarters of 2018, around $1.4 billion more than the profits in all of 2017. Miners still gain 54,000 Bitcoin monthly, the outlet continues. However, mining is gradually becoming profitable only for “big guns” as electricity prices are…

Think Crypto’s Challenges Are Unique? It’s Just History Repeating Itself

boss

From bartering to blockchain, the world of money – and the way we transfer it – has never stood still. Indeed, even the assets we prize have changed. Although it might be nice to have some vegetables in your fridge, using it as a form of currency has probably never crossed your mind. It’s easy to take financial systems for granted. But every advancement over the centuries has caused some major disruption and a lot of getting used to. With each new system came imperfections and pitfalls – and in…

NULS Secures Investment From US Hedge Fund

boss

Blockchain infrastructure platform NULS has secured an investment of an undisclosed amount from U.S.-based hedge fund Ulysses Capital, which manages a portfolio around $1.5 billion of bonds-70 percent, and stocks-30 percent. Apart from the investment, NULS agreed with Ulysses to collaborate to promote the NULS platform for various ICO projects. The news of the investment sent NULS stock up 3.1 percent to $1.24, giving the project a market capitalization of just below $50 million, according to coinmarketcap.com. Los Angeles-based Ulysses recently set up a crypto fund, and NULS is among…

Belfius launches a mobility platform using blockchain technology for school children in Belgian Towns

boss

ADVERTISEMENTS A new digital platform will enable school children of municipal schools in Bonheiden, to collect ‘digital currency’ each time they walk or cycle to school. The earned ‘currency’ can then be used at the fair, at the swimming pool or with local partners. This unique reward system was thought-out to encourage children to improve they own living environment. Other than earning the digital currency, the children’s efforts contribute to better mobility and improved air quality in the areas around their schools. The platform is a joint- creation from The…

IBM, Azeri Central Bank Cooperate on Blockchain Development, Local Media Report

boss

IBM and the Central Bank of Azerbaijan (CBA) will reportedly collaborate on implementing blockchain technology in the country’s economy, Central Asian-focused Trend News Agency reports October 9. Trend News Agency is an established news service provider spanning the Caucasus, Caspian region and Central Asia, with dedicated news platforms in Azerbaijani, Russian, Turkish and Persian, alongside an English-language platform The agency states that the director of the Information Technology Department at the CBA, Farid Osmanov, revealed news of the five-year program for the digital transformation of the economy at the Azerbaijan-Germany…

Jack Ma Pays Attention to Blockchain & Bitcoin to Create Cashless Society

boss

Jack Ma, the chairman of Alibaba and $150 billion China-based financial conglomerate Ant Financial, has said in a recent speech that he pays special attention to Bitcoin and blockchain technology, and the potential of establishing a cashless society. Although Ma is still studying the fundamental value Bitcoin and other major cryptocurrencies bring to the market, he emphasized that blockchain technology as a whole is a powerful innovation that could enable a completely cashless society. China is Already Nearly Cashless Only a very small portion of the population in China uses…

Bitcoin, North Korea, and the Gini Coefficient-Who Wants What Nouriel Roubini Is Smoking?

boss

Bitcoin, North Korea, and the Gini Coefficient–Who Wants What Nouriel Roubini Is Smoking? October 9, 2018 by Paul de Havilland Honing in on the proximity of bitcoin’s Gini coefficient to North Korea’s, Nouriel Roubini doubled down on his scathing criticism of crypto and blockchain at the Ahead of the Curve Speaker Series in New York a few days ago at The Assemblage John Street hotel. Also see: Andreas Hassman on tezos.blue: The ‘Showcase App’ for Tezos Building Subscribe to the Bitsonline YouTube channel for great videos featuring industry insiders & experts Nouriel Roubini–Doctor…

Thai Ministry of Commerce Explores Blockchain Solutions for Copyright, Agriculture, Finance

boss

The Thai Ministry of Commerce has begun to conduct feasibility studies on the use of blockchain in copyright, agriculture, and trade finance, English-language Thai newspaper Bangkok Post reports Tuesday, Oct. 9. A Thai official from Thailand’s Trade Policy and Strategy Office (TPSO), Pimchanok Vonkorpon, told the Bangkok Post that the study is being conducted with the help of the British embassy in Bangkok. As per the article, the ministry wants to find out whether decentralized solutions can boost the country’s competitiveness and credibility, especially in relation to small business. Vonkorpon…

Australia Trials Citizen Disability Insurance Payments on a Blockchain

boss

The Australian federal government is testing a blockchain application to explore the use of blockchain technology to create ‘smart money’ for the country’s National Disability Insurance Scheme (NDIS). Dubbed “Making Money Smart”, the trial is jointly developed by the Commonwealth Scientific and Industrial Research Organization (CSIRO) – Australia’s federal science agency – and the Commonwealth Bank of Australia (CBA), one of the domestic ‘big four’ retail banks. The proof-of-concept trial will use smart contracts to create ‘smart money’ or ‘programmable money’ as blockchain tokens to the country’s disability insurance program,…

Switzerland finance regulator issues Crypto asset management license to institutional Clients

boss

Crypto license is being granted to institutions The Switzerland financial authority FINNA is granting the countries first crypto asset management license that will make the company grow faster and larger. The crypto funds are now being used to operate traditional asset management to companies, in the first move the Swiss financial regulator has just issued the first cryptocurrency and asset licenses management of the country. This will allow for the servicing of institutional clients within the cryptocurrency space. The company that received the award licenses from the Swiss Financial Market Supervisory Authority (FINMA) is now…