Will Cryptocurrencies Ever Overtake Cash?

  • Yep, cryptocurrencies have definitely exceeded all expectations, majorly shaking up the financial sector and causing turmoil among various governments due to tax loopholes.
  • What’s most shocking about bitcoin, however, isn’t the amount of millionaires it has created since its inception, but that the experts state that the value is nowhere near the market cap, which could exceed $100,000 within the next decade!
  • Only time will tell…

    According to the Harvard Business Review, “Blockchain technology will have a similar impact on the financial services industry to what the Internet had to media.”

  • While this has little to do with blockchain technology, it’s proof that many of us now regard “physical cash” as a burden.
  • Spectre, the disruptive platform that removes financial brokers out of the equation and decentralizes and tokenises the liquidity pool against which traders trade, is an example of the decentralization benefits of the blockchain, and why many traders are choosing cryptocurrencies over more “tradtional” investments, such as stocks and bonds.

It’s been a crazy year for bitcoin. Not only has it comfortably surpassed the $4,000 mark, it’s now accepted by a variety of major online retailers – eve…
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Ethereum jumps 10% amid worries about bitcoin in a wild day for digital currencies

  • Digital currency ethereum climbed Monday to a near two-month high amid renewed uncertainty about the future of bitcoin.
  • At its session high, the site’s data showed ethereum had gained 70 percent for the month and more than 4,000 percent for the year.
  • Bitcoin traded more than 1 percent lower near $4,055.88, according to CoinDesk, well off a record high of $4,522.13 hit last Thursday.
  • Bitcoin cash traded 15 percent lower near $603, down more than $450 from Saturday’s record high of $1,091.97, according to CoinMarketCap.
  • According to CoinMarketCap, Monero surged more than 70 percent Monday to a record high of $95.08, marking gains of nearly 140 percent for the month.

Digital currency ethereum climbed Monday to a near two-month high amid renewed uncertainty about the future of bitcoin.
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Bitcoin price surpasses $5,000 for first time — RT Business

  • The price of Bitcoin surpassed $5,000 for the first time, reaching a historic new high for the cryptocurrency, before quickly dipping back below the record-breaking mark.
  • The cryptocurrency reportedly reached its highest market price of $5,149 thanks to Chinese bitcoin exchange OkCoin.
  • The new record comes amid news that six big banks have joined a project developing a new settlement currency based on blockchain technology – the world’s leading software technology used by bitcoin, ethereum, and other cryptocurrencies.
  • Originally started by UBS, the new currency could pioneer how central banks chose issue cryptocurrencies.
  • “We see it as a stepping stone to a future where central banks issue their own [cryptocurrency] at some point,” UBS director Hyder Jaffrey told CoinDesk.

The price of Bitcoin surpassed $5,000 for the first time, reaching a historic new high for the cryptocurrency, before quickly dipping back below the record-breaking mark.
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Blockchain Will Disrupt Every Industry

#Blockchain Will Disrupt Every Industry  #innovation  @HuffPostBlog

  • To learn more about the impact of Blockchain on businesses and industries, I spoke with Brett Colbert, Solutions CTO and Vice President of Enterprise Architecture at Salesforce.
  • In this role of Solutions CTO, Colbert leads the customer-facing Salesforce Enterprise Architecture team which helps customers and prospects strategically transform their business systems.
  • Colbert has been researching Blockchain for more than three years, leading customer implementations and collaborating with blockchain industry thought leaders.
  • Examples of Blockchain use by Industry – The answer isn’t in the technology, but in how the technology can improve inefficient business processes.
  • Here are a few examples of the opportunities that exist to improve processes in a variety of industries using Blockchain:

    This article was co-authored by Brett Colbert —- Solutions CTO, Vice President of Enterprise Architecture at Salesforce.

As with all major paradigm shifts, there will be winners and losers. But if we do this right, blockchain technology can usher in a halcyon age of …
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Why Motherboard Is Capitalizing ‘Bitcoin’ Again

  • In 2015, we elected to capitalize Bitcoin when talking about the system or protocol, and lowercase denominations of the currency: So, “I love Bitcoin, and I own many bitcoins.”
  • From here on out, we will capitalize cryptocurrencies when referring to the protocol or system—Bitcoin, Ethereum, Monero, etc.—but lowercase the denominations: “I love Ethereum and own a lot of ether.”
  • Bitcoin, for example, recently split off into two separate versions with nearly identical code and, most importantly, an identical transaction history up until the time of the split.
  • With this newly introduced confusion, our previous capitalization policy thrust us into the realm of value judgements: Should the new version of Bitcoin, called Bitcoin Cash, be capitalized when Bitcoin proper is not?
  • With yet another Bitcoin split on the way in November, it’s clear that the Bitcoin protocol (and community) is not as monolithic as we had presumed, and at the moment it’s not as resilient as other technologies we de-capitalize, like the internet.

A story about normalizing technology.
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Knives and forksBitcoin divides to rule

  • On August 1st, without much agonising or awkward negotiations, a group of Bitcoin activists and entrepreneurs managed to create a second version of the crypto-currency.
  • They have been unhappy with how the original system has been managed by its developers—and made some further technical tweaks to ensure that the new Bitcoin survives.
  • It has long been assumed that crypto-land would be dominated by one currency, Bitcoin, because of network effects: the more existing users it has, the more attractive it becomes to new ones.
  • This week’s fork has made Bitcoin holders richer: they get an amount of the new version equal to their holdings of the old sort; and at least for now, both together are worth more than the old one alone.
  • For this reason alone, expect another split in November when the old Bitcoin system may get an upgrade.

COMPARED with Brexit, Bitexit seems a piece of cake. On August 1st, without much agonising or awkward negotiations, a group of Bitcoin activists and entrepreneurs managed to create a second version of the crypto-currency.
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How Much Renewable Energy Your State Is Using While The Turnbull Government Drags The Chain

  • The report, entitled “Renewable Ready: States Leading The Charge” shows that South Australia is leading the way — with New South Wales, Western Australia and the Northern Territory dawdling in the rear.
  • That’s because it’s one of only two states (alongside WA) which has no renewable energy target.
  • The Turnbull government has not yet acted on the recommendation of a Clean Energy Target contained in The Finkel Report in June.
  • “If Australia’s clean energy future was the Melbourne Cup, the states and territories are racing ahead and surging towards the home stretch, while the Federal Government’s still somehow stuck in the stalls, along with its climate and energy policy,” said energy expert and former oil man Andrew Stock.
  • Climate Council

    “On the basis of costs you’d choose renewable energy, and on the basis of pollution you’d also choose renewable energy, so it’s a bit of a no-brainer,” Climate Council CEO Amanda McKenzie told HuffPost Australia.

All states bar one are trying a lot harder than their federal counterparts.
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Smart Investment for the Middle Class: BitShares

  • Every day there seems to be a new story about an average Joe who bought some Bitcoin years ago for a few hundred dollars and turned that small investment into a fortune, buying a new house, car or retiring early.
  • Fortunately, the cryptocurrency sector is overflowing with opportunity and there may just be the “next Bitcoin” waiting to take off!
  • The cryptocurrency BitShares could potentially be the next “Apple” or “Bitcoin” and it is currently trading for less than $0.15!
  • BitShares offers some unique features and at this price could be the next life changing investment.
  • These features include price-stable cryptocurrencies, custom user issued assets, the creation of Distributed Autonomous Companies (DAC) and the BitShares Decentralized Exchange (DEX).

Bitcoin and other cryptocurrencies have been on a tear lately, with many of the digital tokens hitting all-time highs. Many investors have been making fo…
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Several big banks are teaming up for a new digital currency

  • Six of the world’s biggest banks have joined a project to create a new digital currency, the Financial Times reported Thursday.
  • Barclays, Credit Suisse, Canadian Imperial Bank of Commerce, HSBC, MUFG and State Street are working on the “utility settlement coin” that was created by UBS, the newspaper added.
  • The banks are in discussions with central banks and regulators, FT reported, citing Hyder Jaffrey, UBS’ head of strategic investment and fintech innovation.
  • The “utility settlement coin” project first launched in 2015, and has been reported on regularly.
  • Still, this week’s news is about the transition into the next phase of the project “in which its members aim to deepen discussions with central banks and to work on tightening up its data privacy and cyber security protections,” according to the FT.

    Read the Financial Times’ story about the “utility settlement coin” project.

Six of the world’s biggest banks have joined a project to create a new digital currency, Financial Times reported on Thursday.
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