Competition Stiff Among Companies Using Blockchain to Disrupt Apps Market

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Accusations of “bubble” abound even as Bitcoin price surges back toward its record high of $5,000. There are also suggestions that Bitcoin’s rate must be seen in regards to the S-curve of quick adoption. Others state that Bitcoin will reach$50,000, or even $1 mln, in due course. Hardcore doubters such as Chase CEO Jamie Dimon believe that the government will ultimately shut down Bitcoin and bring this grand experiment to an end.User” dashfriend “on the Dash Nation Slack comments:”Isn’t reduce of use one of the primary catalysts for a bubble? I don’t see ease of buying yet for non-tech people.”User”foxtrot”concurred:”In order for a bubble to exist there has to be saturation of the marketplace … and with the crypto market still [in] its infancy, that appears extremely unlikely … Hasn’t Bitcoin allegedly remained in a bubble considering that it was $2?”A powerful detach Numerous digital currency financiers and traders are concentrating on the presence of institutional investors: banks, pension funds, mutual funds and so forth. While such mega investors would certainly assist push the price up, it seems that retail financiers and users are always forgotten in such discussions.With numerous< a href =https://cointelegraph.com/news/sec-asks-for-two-new-bitcoin-etf-applications-withdrawal target= _ blank > working on producing …

Innovate Finance contest calls for fintech start-ups » Banking Technology

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Home » Format » News » Innovate Finance contest calls for fintech start-ups Innovate Finance contest calls for fintech start-ups Deadline is 31 December 2017 Innovate Finance, a UK-based fintech membership association, is seeking start-ups for its latest Pitch360 competition. The contest is open to any start-up in the following sectors: Distributed ledger technology (DLT) Financial inclusion Cybersecurity Cross-border payments Peer-to-peer and alternative funding Regtech Personal finance management and robo-advice Artificial intelligence (AI) and machine learning Sandboxes The winner will be given £10,000 prize money, a press package that includes media introductions and training, policy advice, free one year membership to Innovate Finance and two complimentary tickets to the 2019 Innovate Finance Global Summit. Shortlisted candidates will make a 360-second (six minute) “pitch” of their new business and product in front of a live audience in London during the 2019 summit. During the inaugural Pitch360 competition, the grand prize was awarded to GuardSquare, a cybersecurity software firm that protects mobile apps against reverse engineering and tampering. Applicants can enter Pitch360 here. The deadline is 31 December 2017. Finalists will be announced in February 2018. All successful applicants will receive complimentary exhibiting space on day two of the summit and two complimentary tickets to attend. Antony PeytonFollow …

Kenneth Rogoff: “The Price of Bitcoin Will Collapse”

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Former chief economic expert at the IMF, Kenneth Rogoff, has made public his thoughts on cryptocurrency, Bitcoin, and blockchain technology usually. In a post released on both the < a href=https://www.theguardian.com/technology/news-blog/2017/oct/09/bitcoin-price-bubble-government-cryptocurrency > Guardian and Project Distribute, the Harvard economics and public law teacher revealed his doubt about the future of BTC in a potentially hostile regulatory environment.The long history of currency informs us that what the personal sector innovates, the state ultimately manages and appropriates . I have no idea where bitcoin’s price will review the next couple years, but there is no need to expect virtual currency to avoid a comparable fate. Rogoff argues that efforts by governments, like those last month in China, to control and regulate digital currencies could trigger many to lose speculative interest in them. He believes that the world’s legislative powers hold the secret to crypto’s future which it will be their actions that determine what happens next.He also highlights the ease with which those in the financial industry can copy blockchain tech. This would allow them to harness a few of the advantages of crypto, without succumbing to Bitcoin’s potentially disruptive powers. Eventually, for Rogoff, it’s “folly “to think that a really decentralised …

Exactly what’s Bitcoin precisely, and should I buy it?

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Bitcoin, the best-known of the upstart digital currencies, is still a secret to many Americans.If you’ve found out about Bitcoin, it’s mainly from startling headings about its 400%cost gain earlier this year, or its rise to nearly$5,000 last month, making it the most-valuable player in the mushrooming area for so-called crytocurrencies. Or since Wall Street skeptics call it a “trend,” a “fraud” and a “speculative bubble.” Followers in Bitcoin state it’s the cash of the future, a digital option to the dollar or euro or yen. Non-believers state it’s not real cash. After all, you cannot go into your pocket and pull one out like a $10 expense and hand it to a cashier at Dunkin Donuts to spend for your morning coffee.Some financial investment pros state it’s a new possession class, no various from a stock, a bond or an ounce of gold, and that it has terrific financial investment promise. Doubters say it’s not an investment due to the fact that there’s no excellent way to worth it.So what exactly is Bitcoin?Bitcoin is a digital currency and digital payment system that permits individuals to send out and receive Bitcoins– or digital tokens– to anyone, anywhere in the world. …

Hackers took advantage of business on Amazon’s cloud to mine Bitcoin

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At least two multi-billion-dollar companies have been hacked in order to utilize their Amazon Web Provider (AWS) computing resources to mine Bitcoins.Hackers had the ability to gain access to Amazon’s cloud servers after discovering that their Kubernetes administrative consoles were not password secured– making them, in essence, open up to the general public. Kubernetes is an open-source innovation developed by Google which automates the deployment, scaling and management of containerised apps.”Upon deeper analysis, the group found that hackers were executing a Bitcoin mining command from among the Kubernetes containers,”stated a report from cloud security business RedLock.”The circumstances had actually efficiently been developed into a parasitic bot that was carrying out dubious activity online.”The two companies named by RedLock as being jeopardized are Aviva and Gemalto, both which have actually been notified about the issue. The security firm likewise found that a number of Kubernetes consoles on Microsoft Azure and Google Cloud were likewise not password secured, on top of those on AWS.In this instance, hackers exploiting the lack of defense for Bitcoin mining functions must come as some relief to the business. These hackers weren’t wanting to take data or find other information within their systems, so it could’ve been …

Sponsored PostOptimizing healthcare through blockchain: A check out the Robomed Network

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While everyone in the cryptosphere is discussing the world’s unbanked and underbanked, there also seems substantial blockchain applications for the world’s uninsured and uncared for– in both established and establishing countries. One Russian blockchain startup, , intends to utilize blockchain technology to develop a consumer-facing medical network targeting inadequacies and bureaucracy that impedes the health care industry today.Issues with contemporary health care Health care is the most significant elephant in the space for many developed countries– namely the US. According to Fortune, the United States more on health care than other economically similar nation”and regularly sees a mediocre return on their investment. In addition, the expensive levels of spending are shown in health care pricing for the person: an MRI in the US expenses 4 times as much as it carries out in France. Why? One word: inadequacy. Inthe US, the only doctor that are significantly more affordable than the rest are Medicare and Medicaid, which are both heavily subsidized by federal government, and subsequently vanquish the inefficiency through strength. The typical American does not take advantage of such programs either, with Medicare only being relevant to those 65 or older, or with considerable specials needs. There’s no reward for …