Day: October 17, 2020

The NSC Labels Blockchain a National Security Issue

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On the weekly recap, NLW looks at growth in institutional investment, big interest among the G20 in CBDCs and a new National Security Council report. On this edition of The Breakdown weekly recap, NLW looks at: Growth in the institutional investment space in crypto A new 10,000 BTC treasury announcement  Reports from the Bank for International Settlements, G20, WEF, IMF and more around central bank digital currencies A National Security Council report labeling distributed ledger technology key for national security This week on The Breakdown: Source link

China’s Petrochemical Sector Conducts First Blockchain-Powered Warehouse Receipt Finance

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China’s petrochemical industry has accomplished the first-ever blockchain-enabled digital warehouse receipt pledge financing transaction to minimize costs for small and medium enterprises (SMEs) in this sector.  Tackling sluggish financing The transaction also deployed the internet of things (IoT) to hasten to finance, as this has been a challenge faced by many enterprises. It involved Nanchu Management Group Co., Ltd., China Construction Bank Inner Mongolia Branch, and China’s Sinochem Energy High-Tech Co., Ltd. The financing entity was Beijing Longrunkaida PEC Products Co., Ltd, one of the biggest traders in the lubricant…

Cashaa Rolls Out The World’s First Global Crypto-Friendly Banking Platform – Blockchain News, Opinion, TV and Jobs

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UK Blockchain Banking company Cashaa has expanded its internet banking platform to serve businesses globally with a focus on the UK, Europe, and USA markets. The company says onboarding process for global companies is smooth since Cashaa has already onboarded a few big brands from multiple jurisdictions such as from the UK, Europe, Singapore, Hong Kong, UAE, Caribbean, and the USA during the BETA phase. Among the hundreds of companies that have already been onboarded include Paxful, Nexo, CoinDCX, and Unocoin. Mr Kumar Gaurav, Founder & CEO of Cashaa, revealed…

World Economic Forum Wants to Eradicate Abusive Sexually Violent Internet Content with Blockchain

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The World Economic Forum (WEF) views blockchain technology as a turning point in addressing illicit internet content of abusive imagery associated with social ills like sexual exploitation and violence. Blockchain technology to the rescue Victims of abusive imagery are often at the receiving end because they are often blackmailed by their perpetrators to silence them. Social media networks and cloud storage platforms where these videos and photos are stored have not been effective when tackling this issue as they respect user privacy. However, all is not lost because blockchain is…

A Big Data Art NFT Collaboration With Brittany Kaiser

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As Kenn Bosak mentions in the launch podcast we did together with Brittany Kaiser; you must have lived under a rock not to know who Brittany is. Her life story juxtaposes big data, blockchain, information security, Facebook, and now, art about it all to be tokenized. If we want protection, we need to start thinking of our data as our property, because, if no one has noticed, property is held up and protected legally. Brittany Kaiser The Cambridge Analytica whistleblower, now co-founder of Own Your Data Foundation, will be traveling…

Relative to Bitcoin, Gold “Fails” as a Store of Value

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For many years, investors have been arguing if Bitcoin is better than gold. The leading cryptocurrency has long been dubbed “digital gold” because it has characteristics that many believe makes it a competitor or successor to the precious metal. According to one investment analyst and podcaster, BTC is better than gold for the simple reason that Bitcoin has a fixed supply while gold does not. Related Reading: Here’s Why Ethereum’s DeFi Market May Be Near A Bottom Why Bitcoin Is Better Than Gold The analyst, Preston Pysh recently explained his…

Calm before the storm? Analyst says $20K Bitcoin possible in 3 months

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The price of Bitcoin (BTC) has been consolidating within a tight range for several months. If the top cryptocurrency successfully breaks out, Bitazu Capital founding partner Mohit Sorout says a record-high would be imminent. Since July 2020, Bitcoin has been ranging between $10,200 and $11,800, a 15% range. It has seen subdued volatility for a prolonged period, except for some short instances of a volatility spike. When Bitcoin stays stable for a long time in a tight price range, a major price movement typically occurs.  Whether a breakout would occur…

How DeFi Can Avoid the Irrelevance of P2P Lending and Crowdfunding

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How many Libertarians do you think there are in the United States? Everyone, right? Everybody wants personal freedom and a limited government. Just listen to Twitter bots and the talking heads on the propaganda channels. Everybody votes their principles and is internally consistent in their logic. Long live Ayn Rand! Lex Sokolin, a CryptoX columnist, is global fintech co-head at ConsenSys, a Brooklyn, N.Y.-based blockchain software company. The following is adapted from his Fintech Blueprint newsletter. The answer is … about 3% of the voting population. About 3% of the population actually…

Uber, Twitter Angel Investor Explains Why Bitcoin Is So Important

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Bitcoin has undergone strong volatility this year as the pandemic has rocked markets. While this volatility has turned many off to this space, some say that the ongoing macroeconomic and geopolitical trends make Bitcoin more important than ever before. Related Reading: Here’s Why Ethereum’s DeFi Market May Be Near A Bottom Bitcoin Is So Important In Current Macro Environment Naval Ravikant, an angel investor to companies like Uber, Twitter, and Notion, recently touched on this in an interview with Tim Ferris. Ferris is a host of a famous podcast where…