Wednesday, May 9, 2018

Prediction: Cryptocurrency Trading Services Will Be Launched on Nasdaq and Leading Financial Management Firms

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)

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)