Month: September 2017

GoldMint’s Bold Quest Into the Future Gold’s long, storied history as a prized precious metal dates back to ancient times. It garnered official status in the 19th century, when a number of European countries adopted the gold standard. Over the centuries, gold has achieved the distinction of being one of the rarest and in-demand assets on earth, leading to its reputation as a prized source and store of value. Until more recent times, gold was used as money as well Read more …

Mike Novogratz, the macro manager who left  Fortress Investment Group in shame after two years of losses, is looking to start a $500 mln hedge fund to invest in cryptocurrencies, initial coin offerings and related companies. The swaggering investor believes that Bitcoin is a huge opportunity, but probably a fleeting one, as he both believes in the opportunities, but also that this is all a big bubble. Novogratz is putting his money where his mouth is though, as he will Read more …

Food and raw materials are among the most important commodities that are necessary for the continued existence of humankind. These commodities also represent a huge aspect of the entire commodities market which trades an average volume of about 2 Trillion USD per annum. The limits of a centralized market In the traditional markets, commodities are traded within exchanges as either options or futures. An “Option” is a financial contract that gives the buyer the right, but not the obligation, to Read more …

In Brief Venezuela is currently suffering from hyperinflation, which may force the country to shift to Bitcoin. The move would come after months of excessive purchasing and mining, and could be the start of other countries doing the same. From Bolivars to Bitcoin In order to deal with ever-growing issues with hyperinflation, the country of Venezuela may soon decide to adopt a new currency: Bitcoin. As explained by CoinTelegraph, Bitcoin has been the subject of a massive amount Read more …

Akin to how metals and other commodities are extracted, digital currencies follow a similar pattern through an activity defined as “mining”. The process describes the efforts undertaken to unlock more units of a digital currency. These activities involve the solving of increasingly complex mathematical problems for which miners are compensated with a certain amount of the digital currency for their efforts. Miners involved in the process must harness immense computing power to unravel these math problems that exhibit an increasing Read more …

With another roadblock out of the way, the bitcoin price may be headed for a breakout. Of note for traders is that the bitcoin-US dollar (BTC/USD) exchange rate has moved past the falling trend line hurdle. As per CoinMarketCap, the cryptocurrency has gained 4.72% in the last 24 hours. At press time, BTC/USD is trading at $3,950 levels; up 1% week-on-week, but still down 9% on a monthly basis. The recent lethargic price action in bitcoin is mainly due to Read more …

Today, at the Distributed: Health 2017 conference in Nashville, Tennessee, Change Healthcare announced blockchain solutions on an enterprise scale. According to the company, which is one of the major independent healthcare technology providers in the U.S., the utilization of blockchain technology will help their clients in boosting revenue cycle efficiency, improving real-time analytics, cutting down costs and creating “innovative new services.” Using the organization’s Intelligent Healthcare Network, Change Healthcare processes 12 billion transactions covering over $2 trillion in claims annually. Read more …

There is more room for Blockchain technology to grow in Asia’s second largest economy, India. Though the technology is still in its nascent stage, it has made in-roads into multiple industries globally, including in India where its potential to create widespread impact in the banking and financial services industry is becoming more visible and garnering interests. The interests have increased the number of Blockchain-based use cases that could drive operational efficiency and improve customer experience in India’s financial services industry, Read more …

News Over the past few weeks, many Bitcoin Cash (BCH) supporters wondered when the peer-to-peer trading platform Localbitcoins would release BCH funds to users who left bitcoin on the exchange before the August 1 split. On September 25 the organization revealed it sold the BCH funds and will be compensating users in bitcoin. Also read: U.S. Regulators and Blockchain Advocates to Discuss ICO Implications on October 12 Localbitcoins Sells Bitcoin Cash That Was Left on the Exchange and Read more …

Venture capitalist and Union Square Ventures co-founder Fred Wilson believes there’s a cryptocurrency crash coming – and he thinks investors need to diversify in order to prepare. In a new blog post, Wilson recounted his experiences during the dot-com boom and bust of the late 1990s and early 2000s, during which a number of then-well-known internet firms rose to prominence and subsequently failed, taking many investors with them. Wilson said that he lost as much as 90% of his net Read more …

The president and CEO of the Mizuho Financial Group “megabank” has spoken out on the potential of blockchain to disrupt financial incumbents. In remarks at a fintech-focused conference this week, Yasuhiro Sato said the technology could “change the strategies of international financial institutions,” adding “we should have the courage” to make the shift to blockchain “now.” As a cavet to his comments, however, the Mihuzo CEO cited the risk of information leaks without the right decisions on data management. He further said Read more …