Business

  • IBM Praises CEO For Playing a Significant Role in Blockchain Development

    In a letter to the shareholders, IBM has acknowledged that one of the main achievements of the new CEO is the expansion of its blockchain business.The document notes that its technology portfolio is “built for the future”, with blockchain being one of the technologies underpinning this belief. It denotes IBM as:“…a leader in hybrid cloud, data and AI, security, blockchain, enterprise services”.Discussing the recent appointment of the new CEO, it notes that Arvind Krishna:“Played a significant role in developing IBM key technologies: artificial intelligence, cloud, quantum computing & blockchain”.Blockchain is revenue multiplierBlockchain as a Service (BaaS) plays an important role in IBM’s offering. Although, there is no information about how much revenue it generates for the company. It was previously reported that blockchain technology is a significant driver of the company’s cloud revenue:“When you look at the direct attribution of the actual dollars spent on blockchain, we are seeing that for every dollar spent, $15 is spent on other cloud services.”IN 2019, IBM’s cloud offering generated more than $21 billion in revenue, which is over 27% of the company’s total…

    Apr 4, 2020
  • Bitcoin Halving 2020: Miners in China Brace For Impact

    Hosted by CoinDesk Research Analyst Christine Kim, the first episode of the Bitcoin Halving 2020 podcast series is about the impact of bitcoin’s third halving on the concentration of miners in China.,

    Apr 4, 2020
  • Could Quantum Computing Be Used to Crack Cryptocurrency?

    The theory goes that quantum computing could be used to crack out cryptocurrency wallets. Is this true?What could quantum computing do to web services? Currently, there are supercomputers already in existence. They are so smart that they can find your Bitcoins by brute-forcing the seed phrases. The computers are so smart now that they can distinguish between two persons entering the same login and password on a login page, serving different e-mail inboxes. This is not a matter of what password is used, but what fingers are entering it.What Is Quantum Computing?Quantum computers use enormous calculating power to enable the magic of ultra-performance. However, quantum computers work differently and demand caution, so the area is more experimental than established.In a classic computer, there are 0s and 1s as the data transmitters, called bits. The bit is the smallest unit of information. A set of differently working bits can make up the sequence containing information. In the quantum computer, the same unit of information is called a qubit. This is because, due to its quantum nature, it is not just a…

    Apr 4, 2020
  • State Law on Cryptocurrency in Russia is Pending due to Coronavirus

    Apr 04, 2020 at 13:58 // News This week, Russia’s State Duma announced that the cryptocurrency bill is ready to see the world, but the coronavirus defers the date. This legislation will give some important outlines on digital currency in the country and may even prompt the issuance of a digital Ruble. Anatoly Aksakov, the head of the Russian State Duma Committee on Financial Markets, recently made a public announcement on readiness of cryptocurrency law in Russia, local media RBC reports. However, due to the worldwide pandemics of COVID-19 and recent closedown of Russian borders, the government decided to postpone the issuance of a new law. According to Aksakov, there is a possibility the new bill will be released before the end of spring 2020, especially as state authorities are seen as favourable towards speeding up the process. Russia’s outlook on crypto Up to this day, there is no strict legal framework surrounding cryptocurrency activity in Russia. The attempt to put it into legislative boundaries started back in January 2018, when the first version of “On Digital Financial Assets” bill…

    Apr 4, 2020
  • Bitfinex Supplied ‘Most’ Liquidity During $3.7K Bitcoin Crash — Report

    Bitcoin (BTC) saw a “flippening” during its price crash to $3,700 last month — something that could reveal a new uncomfortable truth about exchanges.In its March Exchange Review released this week, monitoring resource CryptoCompare highlighted liquidity as a key metric which changed during last month’s extreme volatility.CryptoCompare: Bitfinex hit 40% of exchange volumeOn March 12, as Bitcoin prices collapsed in a matter of hours, it was notably one platform in particular which provided more volume, and hence liquidity, for traders.“Despite Binance and OKEx trading the most volume across all markets in broad terms, during the exact moment of the BTC crash (approx. 10:30 am GMT) which began on the 12th, it was Bitfinex that represented the majority of Top-Tier exchange trading volume (across BTC/USD and BTC/USDT markets),” the review states.“This was followed by Coinbase, OKEx and Bitstamp who also maintained high volumes during this time.”Bitcoin exchange volume for March 12, 2020. Source: CryptoCompareAccording to CryptoCompare, the first hour of the precipitous crash saw Bitfinex provide the most volume.Among top-tier exchanges excluding Coinbase, OKEx and Bitstamp, “between 10:40 am and 11…

    Apr 4, 2020
  • How Tea Party Budget Battles Left the National Emergency Medical Stockpile Unprepared for Coronavirus |

    by Yeganeh Torbati and Isaac ArnsdorfProPublica is a nonprofit newsroom that investigates abuses of power. Sign up to receive our biggest stories as soon as they’re published.Dire shortages of vital medical equipment in the Strategic National Stockpile that are now hampering the coronavirus response trace back to the budget wars of the Obama years, when congressional Republicans elected on the Tea Party wave forced the White House to accept sweeping cuts to federal spending.Among the victims of those partisan fights was the effort to keep adequate supplies of masks, ventilators, pharmaceuticals and other medical equipment on hand to respond to a public health crisis. Lawmakers in both parties raised the specter of shortchanging future disaster response even as they voted to approve the cuts.“There are always more needs for financial support from our hardworking taxpayers than we have the ability to pay,” said Denny Rehberg, a retired Republican congressman from Montana who chaired the appropriations subcommittee responsible for overseeing the stockpile in 2011. Rehberg said it would have been impossible to predict a public health crisis requiring a more robust…

    Apr 4, 2020
  • How to Protect Your Online Privacy While Working From Home

    Steven Waterhouse is the CEO and co-founder of Orchid, a privacy tool built on Ethereum designed to let people explore the internet freely.With the global coronavirus pandemic confining billions to their homes, masses of workers everywhere are adjusting to remote work for the first time. This shift is forcing us to negotiate a new reality where there is no demarcation between work and personal spheres. In this moment, we must be extra vigilant about data privacy. Just as it’s essential that we wash our hands to ward off disease, we must now establish habits of data privacy to protect our digital lives.Everything we do online – the documents we share, the websites we visit, the messages we send – leaves a trail of data behind. If we’re not careful, this data can be used to surveil us, manipulate us, and worse. But there are ways we can improve our security and privacy on the internet. I’ve spent years focused on strengthening internet privacy, managing widely distributed, remote-first teams. Here’s how people can protect their data while working remotely.See also: When…

    Apr 4, 2020
  • TSLA Stock Jumps 5.62%, Tesla Dismisses Workers from U.S. Plants

    Tesla has begun to retrench its contract workers in the U.S. But not all news from Tesla can be viewed as negative. TSLA stock is in the green while stocks of many other companies are down.Even as Tesla Inc (NASDAQ: TSLA) stock continues to soar, the electric car manufacturer has begun retrenching contractors at its U.S. car and battery plants. Reportedly, the firm is cutting down the number of contractors from its workforce in its factory across many states alongside where they make battery packs that power electric vehicles and energy storage products. According to in-house anonymous sources, the lay-off would affect a row of people.Some people who have been working at Tesla for many years and hoped to get full-time jobs at Tesla were notified about their retrenchment.The memo from Balanced Staffing sent to dismissed workers reads:“It is with my deepest regret that I must inform you that the Tesla factory shutdown has been extended due to the COVID-19 pandemic, and as a result, Tesla has requested to end all contract assignments effective immediately.”The agency said to the contractors…

    Apr 4, 2020
  • Ethereum Faces Stiff Resistance, Bears Threaten to Short

    Apr 04, 2020 at 12:48 // News The pair is in a tight range between $120 and $140. Ether is facing selling pressure above $140 resistance. In the last breakdown, the market moved above $120 and resumed fluctuation above it. All the upward moves have been truncated by the bears. About 24 hours ago, the bulls took the price to a high of $147 and were repelled. Also, the recent price spike which reached a high of $149.99 was resisted.  On each occasion, the price would find support above $140.Unfortunately, the bulls lack the ability to sustain the price above the $140 resistance. Despite the downtrend, ETH lacks buyers at higher price levels. Positively, if the bulls are successful above $140 resistance and price is sustained, Ether will rise and reach a high of $200. Nevertheless, the range-bound movement will linger if the buyers fail to appear. Ethereum Indicator Analysis  ETH is above the 60% range of the daily stochastic. ETH has made positive moves but the bullish momentum has been weak. The price movement is not sustained above the…

    Apr 4, 2020
  • Bitcoins Worth $300,000 Recovered by ‘Breaking Zip Encryption’

    A cryptographer has posted an article discussing how he cracked an encrypted zip file to recover a lost hoard of Bitcoin keys. This story underscores the need to keep keys safe, and always remember passwords.Bitcoin Private Keys Found By Cracking INFOZIPThe author, Mike Stay, has a Ph.D. in computer science and an extensive background in cryptography dating to the 1990s. He discusses how he was contacted and hired to crack an encrypted zip file from a man that read a paper he had written on the subject almost twenty years ago. The file contained the private keys to USD $300k worth of Bitcoins purchased in 2016, yet the man had forgotten the password.He states:Back in January of 2016, he had bought around $10K or $15K of Bitcoin and put the keys in an encrypted zip file. Now they were worth upwards of $300K and he couldn’t remember the password. Luckily, he still had the original laptop and knew exactly when the encryption took place. Because InfoZip seeds its entropy using the timestamp, that promised to reduce the work enormously—”only” 10…

    Apr 4, 2020
  • Blockchain Provides Trusted Data to Counter Spread of Coronavirus

    With each passing day, new data regarding the coronavirus pandemic is being brought to the public’s attention. From the number of cases in various regions to ever-changing safety procedures like wearing masks in public, COVID-19 data is clearly present, yet remains inconsistent.While a lack of accurate information may be frustrating on a personal level, ever-changing data is taking a toll on the health officials and researchers working effortlessly to help subdue the coronavirus crisis. To combat the issue, a San Francisco-based blockchain security company Hacera launched a data analytics platform in February to combat inaccurate COVID-19 data.Hacrera’s founder, Jonathan Levi, told Cointelegraph that the platform known as MiPasa is a distributed and verifiable data hub that is being used to collect, validate and leverage COVID-19 data, saying:“MiPasa is using data in an effective, humane and privacy-respecting way. At its heart, MiPasa is based on blockchain technology and was designed to support governments, municipalities, application builders and individuals alike.”According to Levi, one of the main problems faced by clinicians, scientists and researchers studying data behind the crisis is a lack of…

    Apr 4, 2020
  • BTC Failed Breakout Puts It In a Predicament – Are We Headed Lower This Weekend? |

    Bitcoin dropped by a total of 3% over the past 24 hours as it trades at the $6,732 level.The cryptocurrency continues to try to break above the upper boundary of an ascending triangle but looks to have failed again.Bitcoin failed to break the upper boundary of the current consolidation pattern once again as it fails to close above the $6,800 level. The cryptocurrency started the day off by trending higher toward the $7,000 level only to roll over and fall lower to trade back inside the triangle.This marks the second day in a row that Bitcoin has failed to break above this ascending triangle as it looks to set up another few days of negative price declines beneath $6,800. A break above this triangle would have set Bitcoin up to reach the $8,000 level, however, this is looking less and less likely with each failed breakout attempt.Bitcoin Price AnalysisBTC/USD – Daily CHART – SHORT TERM BTC/USD. Source: TradingView Market OverviewTaking a look at the daily chart above, we can clearly see Bitcoin failing to break up above the upper boundary…

    Apr 4, 2020
  • This Historically Accurate Pattern Suggests Epic Bitcoin Plunge to $3K

    The short-term trend of the Bitcoin (BTC) price since its drop to $3700 shows an Elliot Wave pattern forming on lower time frames. While the pattern can reverse to a bullish trend, the declining volume of BTC suggests it is not likely.The Bitcoin price has been ranging in between $5,800 and $6,900, with an exception of a brief wick to $7,300 on April 3. BTC-USDT 4H chart. Source: TradingViewTechnical analysts say that the declining volume of Bitcoin put together with stagnant open interest in futures and the abrupt V-shape recovery of the cryptocurrency market increase the likelihood of the Bitcoin price falling in the near-term.Elliot Wave, larger triangle & declining volume raises chances of a new Bitcoin bottomA pseudonymous trader who called the $3,000 bottom of Bitcoin in December 2018 said that the current price action of BTC can be analyzed as either an Elliot Wave, a larger triangle, or a “larger flat.”All three indicators suggest a short-term corrective pattern, given the lackluster volume in both futures and spot exchange markets.The recent price trend of Bitcoin also closely resembles a Wyckoff…

    Apr 4, 2020
  • Tracking devices used to enforce quarantines |

    Tracking Devices Used to Enforce Quarantines –  But Unnecessarily; There’s a Less Expensive Way to Begin Enforcing Coronavirus QuarantinesWASHINGTON, D.C. (April 3, 2020) – Louisville has ordered several COVID-19 patients and a family member to wear tracking devices to enforce a quarantine, and, in another similar situation, posted armed deputies outside a quarantined man’s house. Q4 2019 hedge fund letters, conferences and moreAuthorities Should Enforce QuarantinesIt’s high time authorities began to enforce quarantines to prevent even more unnecessary deaths, but there is an easier and much less expensive way to insure compliance, suggests public interest law professor John Banzhaf, who researched a similar issue regarding tracking of illegal immigrants.Banzhaf says the following shocking situations show why better methods to enforce quarantines is requiredAlthough an entire family was asked by health officials to quarantine after the mother reported coronavirus symptoms, the father took his daughter to a crowded school gala only two days later and, as a result, two schools were forced to close.A medical center employee who was told to voluntarily quarantine instead decided to go to a crowded student…

    Apr 4, 2020
  • Maduro Tries to Promote Petro Again by Airdropping It to Doctors

    Apr 04, 2020 at 08:43 // News The President of Venezuela Nicolas Maduro plans on giving one free Petro to each doctor to do justice to medical workers that are risking their lives to fight the COVID-19 pandemic. The announcement was made on April 1 on Twitter. It says that the President wants to say thank you to all those fearful people that fight the disease that has already killed thousands of people. Considering the fact that an average salary in Venezuela amounts to $3.61, while Petro is trading between $20 and $25, the gratitude is quite considerable. Statistics show that Venezuela currently has 146 coronavirus cases with 5 deaths, thus, the situation seems not that critical as compared to other countries like the USA, Spain and Italy. Nevertheless, doctors are in the first line of this war as they can’t avoid contacting the diseased people. Another Attempt to Popularize Petro? However, there are people sceptical about this airdrop. The point is that Maduro has been trying to promote Petro since its launch in 2018, with little luck though. He…

    Apr 4, 2020
  • GO Betting Could Help Esports Finally Go Mainstream

    Over the past few years, esports has seen a huge amount of growth.Several crucial developments have helped esports leagues secure a position as a “legitimate” branch of the professional sports industry.One of the biggest changes in the U.S. has been the ability to gamble on these events.The esports industry is enjoying spectacular growth. Eight years after its launch, popular title Counter-Strike: Global Offensive (CS: GO) boasts competitive events with prize pools surpassing $1 million.As esports competitions grow in popularity, they’re crossing important milestones. And few of those milestones are as important as attracting gambling revenue.In Europe, esports betting has been the norm for a long time, but not so much across the Atlantic. That’s why it’s such a monumental achievement to see the state of Nevada allow sportsbooks to begin offering CS: GO betting alongside “traditional” sports events.This is another step on the road to esports earning its well-deserved recognition as a “real” sport.Gambling Is a Part of Pro Sports – Esports Should Be No DifferentWhether you think gambling is good or bad largely depends on your perspective. You may…

    Apr 4, 2020

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