Friends,
we believe that in the next 2-3 years Cryptocurrencies will be traded on the
Nasdaq and that leading financial management-investment firms will establish
dedicated services for both traders and investment professionals … initially in
the US and rapidly followed by Asia and Western Europe. CEO Adena
Friedman recently said that “certainly Nasdaq would
considering become a crypto exchange over time.” Topping the short list of
challenges are 1) Cryptocurrencies being officially categorized as securities,
and 2) Appropriate regulatory oversight by the US
SEC. Other key issues include transparency and security which cast
significant fear, uncertainty and doubt around this this topic. Few doubt the growing inertia of the
Cryptocurrency juggernaut. As such, it is not untenable to foresee the likes of
Blackrock, Fidelity, BNP Pariba, Schwab, Vanguard, Goldman, Amundi, SuMi
TRUST and Deutsche Asset Management forming Cryptocurrency trading services for
retail and institutional investors. Let us know your thoughts today! Lawrence, CryptocurrencyAcademy (https://cryptocurrencyacademy.blogspot.com)
Our mission is to provide Training and Certification programs to enable Cryptocurrency, Blockchain and FinTech traders and investors worldwide to achieve their career goals.
Wednesday, May 9, 2018
Tuesday, May 1, 2018
Fast Approaching the Intersection of Blockchain and Artificial Intelligence
Friends,
imagine two opposing technical worldviews racing toward a common destination -
to empower and transform society as we know it. This analogy holds true when it
comes to Blockchain (a more centralized view) and AI/Machine Learning (a more
centralized view). Both technologies have untold value and potential, however,
when some of the brightest minds on planet earth envisage their convergence the
stakes rise exponentially. Cryptics will introduce an algorithm focusing
on predicting changes in the valuation of crypto-assets globally. Neureal’s
focus is on peer-to-peer AI supercomputing. KapeIQ’s mission is
to deliver fraud detection for healthcare organizations. And EthVentures’ goal is to manage investments on digital
tokens. These firms are but the tip of the proverbial Blockchain-AI
iceberg which is rapidly moving from the fringe to mainstream business
transformation. Just what will the Blockchain-AI arena look like 2-3 years from
now may defy one’s imagination? So share your insights today! Lawrence, CryptocurrencyAcademy
(https://cryptocurrencyacademy.blogspot.com)
Monday, April 30, 2018
Is the ROI of Conventional Cryptocurrency Mining Farms making them obsolete?
Friends,
any commercial entity – large or small – needs to have a long-term positive
Return on Investment to succeed. The Cryptocurrency mining ROI comes down to
the cost of energy consumption (and hardware) vs. the market value of the
currency. With more and more energy required to generate Bitcoin,
Litecoin, and Dash we have seen the rise of mining
farms and pools such as Ghash.io and Slush. Meanwhile, some crypto theorists
have proposed newer and most cost-efficient algorithms like DigiByte and DigiShield.
Many believe all roads point to China’s Bitmain
yet are weary of the increasing centralized control of Jihan Wu. A new model for Cryptocurrency creation is needed as we look
toward second and third generation currencies. But what is the bona fide solution? Share your thoughts today! Lawrence, CryptocurrencyAcademy
(https://cryptocurrencyacademy.blogspot.com)
Friday, April 27, 2018
Will the Centralized Blockchain Model Proposed by the PBoC Be Applicable Outside of China?
Friends,
to no one’s surprise the Peoples
Bank of China (PBoC) has strongly advocated a highly centralized approach
to BlockChain implementation. The PBoC
digital currency research institute leader Yao Qian believes that is impossible
to exercise decentralized, informal Blockchain governance on a scale befitting
the world’s 2nd largest economy and the world’s most populous
nation. His solution is for the Blockchain to have a central governor. Yao
seeks the benefits of distributed ledger technology (DLT) while maintaining a
centralized governance structure. In addition, Wang Pengjie, from the Chinese People’s Political Consultative
Conference (CPPCC), suggests that the PBOC
and the China
Securities Regulatory Commission (CSRC) should create a Blockchain and digital asset management “approval system,” as well
as raised the possibility of establishing a digital asset trading platform at a
national level. Bottom line: Given the vast advantages Blockchain offers will a
heavily centralized and controlled ecosystem for this technology thwart or
facilitate its growth and benefits for the PRC? A secondary question concerns
whether such a model is viable outside the PRC’s centrally planned economy and
financial system. Send us your comments today. Lawrence, CryptocurrencyAcademy (https://cryptocurrencyacademy.blogspot.com)
Thursday, April 26, 2018
Can the Aramco Coin Concept be applied to Other Global Commodities?
Friends,
the Aramco coin
has its origins from the idea of having a strong currency that has a backing on
raw materials … namely crude oil. Aramco has dual headquarters in Saudi Arabia
and the UK. The ARM digital
coin ICO will begin with 3 phases 1) Phase I - Pre-sale on April 24th, 2018.
The pre-sale will run until May 8th, 2018. The incentive for investors during
this time is a 15% bonus on all purchases. 2) Phase II - -1 sale on May 9th
2018. The Stage-1 sale will run until May 23th 2018. The incentive for
investors during this time is a 10% bonus on all purchases, and 3) Phase 3 -2
sale on May 24th 2018. The Stage-2 sale will run until June 7th 2018. The central question is whether other ARM-like
Cryptocurrencies backed by specific commodities or raw materials such as
natural gas, copper or platinum are viable – even as niche markets and
applications – in the global economy? Let
us know your comments. Lawrence, CryptocurrencyAcademy (https://cryptocurrencyacademy.blogspot.com)
Wednesday, April 25, 2018
Is the Basic Attention Token the solution for Blockchain Digital Advertising?
Friends,
digital advertising is one of the next frontiers for Blockchain technology
adoption and transformation as we look beyond the Cryptocurrency arena. The Basic Attention Token (BAT) employs
the Ethereum Blockchain to issue and
distribute its tokens. Some interesting changes will be coming to Basic
Attention Token including improved anti-fraud measures and dashboard analytics
are coming to publishers and users shortly along with scaling real ad revenue.
The BAT team wants to integrate Basic Attention Token into even more
applications based on open-source projects with ad buying leverage. Publishers
are penalized by who Google and Facebook take 73% of all ad dollars and 99% of
all growth. And upwards of 50% of the average user’s mobile data is for
ads and trackers carrying a hidden cost of north of $20 USD per month. Bottom
line: While there may be no solver bullet solution, can BAT materially help
reduce costs and make digital advertising more cost-efficient and relevant for
publishers and users alike? Send us know your comments. Lawrence, Cryptocurrency Academy
Monday, April 23, 2018
How Will the Use of Sidechains Benefit Blockchain Implementation?
Friends, sidechains
are separate Blockchains
which are
attached to its parent Blockchain using a two-way
peg. The two-way peg enables interchangeability of assets at a predetermined
rate between the parent Blockchain and the sidechain. The parent Blockchain is
commonly referred to as the ‘main chain’ and all additional Blockchains are
referred to as ‘sidechains’. Any transactions occurring on a sidechain can be picked up by
nodes on the main chain to record it. Every sidechain will trust the main chain
for cross-chain transactions of any kind. Mounting
transaction fees and growing confirmation delays have been problems for quite
some time now. The developers of Ethereum Classic wish to avoid these issues with the help of a sidechain
protocol, rather than an on-chain block size increase a la Bitcoin Cash.
Bottom line: Will the continued use of sidechains benefit Blockchain integrity
and adoption? Our belief is yes
they will until such time as a new mechanism is developed to test new
functionality without putting the parent Blockchain at risk. Let us know your
comments. Lawrence, Cryptocurrency Academy (https://cryptocurrencyacademy.blogspot.com)
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