Is Blockchain the Future of Fin-Tech?

Proof Suite might no longer be as much of a secret.  @HuffPost

  • Here are a few reasons why the Blockchain technology could really be the future of Financial Technology (FinTech): – – Part of the reason why the Blockchain technology is considered innovative is its ability to completely diminish the need for a central management system or a central authority.
  • However, more and more companies and institutions are realizing the true potentials of the Blockchain technology, which goes beyond the application of currencies.
  • Many Blockchain projects are helping people around the world to easily utilize and integrate the Blockchain technology into their existing financial data-keeping and data-recording systems.
  • Financial applications such as Bitcoin on the Blockchain technology simply diminishes the need for a physical bank around to open a bank account and send or receive money.
  • Although it is true that the technology is still in its early beta stages with limited use cases within the Cryptocurrency industry, many projects are being introduced to help expand the use of this innovative technology.

The ever-increasing popularity of Cryptocurrencies has also helped shed light on what is known as the Blockchain technology. It is what helps decentraliz…
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Wealthy Remain Curious But Skeptical About Bitcoin, UBS CEO Says

Wealthy remain curious but skeptical about bitcoin, UBS CEO says

  • Photographer: Chris Ratcliffe/Bloomberg – – UBS Chief Executive Officer Sergio Ermotti said the world’s wealthiest are staying on the sidelines when it comes to crypto-currencies.
  • While JPMorgan Chase & Co.’s Chief Executive Officer Jamie Dimon famously panned bitcoin last month , saying he’d fire traders who bet on it, many financial firms have been exploring ways to leverage the blockchain technology underpinning crypto-currencies.
  • More from Bloomberg.com: The Smartest Americans Are Heading West – – Bitcoin has surged more than 300 percent this year, drawing the attention of hedge funds and wealthy individuals.
  • China cracked down on crypto-currency exchanges in September, while the U.S. Securities and Exchange Commission said in July that sales of some new digital currencies would be subject to rules just as equities are.
  • More from Bloomberg.com: Steel Firm Faked Data for Metal Used in Planes and Cars – – Read Wealthy Remain Curious But Skeptical About Bitcoin, UBS CEO Says on bloomberg.com

UBS Chief Executive Officer Sergio Ermotti said the world’s wealthiest are staying on the sidelines when it comes to crypto-currencies.
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Move over bitcoin, cash is still king

Move over #bitcoin, cash is still king

  • And it’s not only Americans who favor paper money — a separate study by PayPal – – cash is still king in most of Asia’s major markets – – Cardtronics said people might also favor paper for security reasons — and they may be right.The company said 84 percent of…
  • Harley J. Spiller, author of “Keep the Change: A Collector’s Tales of Lucky Pennies, Counterfeit C-Notes, and Other Curious Currency,” likes paper money for another reason: It’s simple.
  • And it’s not only Americans who favor paper money — a separate study by PayPal – – cash is still king in most of Asia’s major markets – – Cardtronics said people might also favor paper for security reasons — and they may be right.
  • Hackers have recently stolen millions of dollars worth of digital currencies – – security concerns, people may be right to seek comfort in paper money.
  • Harley J. Spiller, author of “Keep the Change: A Collector’s Tales of Lucky Pennies, Counterfeit C-Notes, and Other Curious Currency,” likes paper money for another reason: It’s simple.

Millennials might be bucking conventional wisdom, but paying with cash isn’t one of them.
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What Is Bitcoin, and How Does It Work?

  • The records of the Bitcoin network, including all balances and transactions, are stored on every computer helping to maintain the network — about 9,500 computers in late 2017.
  • Bitcoin mining refers to the process through which new Bitcoins are created and given to computers helping to maintain the network.
  • The computers involved in Bitcoin mining are in a sort of computational race to process new transactions coming onto the network.
  • Anyone can set his or her computer to mine Bitcoin, but these days only people with specialized hardware manage to win the race.
  • While several people have been identified as likely candidates to be Satoshi, as the creator is known in the world of Bitcoin, no one has been confirmed as the real Satoshi, and the search has gone on.

Growing in importance but still not well understood, Bitcoin is a virtual currency with a novel background.
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Finally! A primer on cryptocurrency (Bitcoin) you will actually get, promise

What the heck is Bitcoin? 

Here's an explainer from CBC's @SarahSmellie

  • Scott Stevenson was pretty uneasy the first time be bought Bitcoin.
  • Think of it as digital cash – in a sense, Stevenson was right to call it “computer cash” or “internet money.”
  • Bitcoin value changes when a new coin is “released” into the network.
  • People tend to be attracted to Bitcoin and other cryptocurrency systems like Ethereum because there is no central regulator.
  • Most people with regular jobs, said Stevenson, aren’t going to have the time (or the nerves) to check in on the coin market multiple times a day.

How it is and isn’t like regular currency, and what to consider if you’re thinking of investing.
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More than half of UK electricity came from low carbon sources over last three months

  • More than half the UK’s electricity came from low carbon sources in the last three months, making it the “greenest” summer on record, National Grid said.
  • Average carbon dioxide emissions for each unit of power fell by more than half (56 per cent) between summer 2013 and 2017 as more electricity came from low carbon sources and polluting coal is increasingly pushed off the system, the figures show.
  • As it revealed the figures, National Grid is launching new software that forecasts the “carbon intensity” – how much carbon emissions are caused by each unit of power – of electricity generation up two days ahead.
  • National Grid is working with the Environmental Defence Fund Europe and WWF to make the software, which aims to help people better understand and control their energy use, openly available to the public.
  • The software combines National Grid’s knowledge of the energy system with weather data from the Met Office to forecast the share of renewable and non-renewable energy on the grid over the next 48 hours and the resulting carbon emissions.

More than half the UK’s electricity came from low carbon sources in the last three months, making it the “greenest” summer on record, National Grid said. From 21 June to 22 September, almost 52 per cent of electricity generation was from sources ranging from renewables, such as solar and wind, to nuclear power, up from 35 per cent for the same period just four years ago.
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Jamie Dimon lays into bitcoin again, says it’s ‘worth nothing’

#bitcoin = 🌷mania + monopoly 💰 #fakecurrency $BTC $crypto #Bitcoin

  • JPMorgan Chief Executive Jamie Dimon has laid into bitcoin and digital currencies once again, warning that governments will shut them down if they grow too large.
  • Dimon was concerned that with bitcoin, ethereum and various Initial Coin Offerings (ICOs), there are now cryptocurrencies everywhere.
  • Dimon warned that governments will eventually crack down on cryptocurrencies and will attempt to control it by threatening anyone who buys or sells bitcoin with imprisonment, which would force digital currencies into becoming a black market.
  • These are the latest comments from Dimon attacking bitcoin.
  • Dimon’s comments came under criticism from several bitcoin investors and experts.

JPMorgan Chief Executive Jamie Dimon has laid into bitcoin and digital currencies once again, labeling it a “novelty” that is likely to end badly.
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