Colleagues,
GMO Internet, the Japanese technology
firm will launch its new B2 miner with
7nm capabilities on June 6 with mass production and shipment starting by late October.
The GMO B2 7nm product uses semiconductors are
very small yet house over 20 billion transistors that will allow devices to
perform more complex calculations and purportedly at lower energy consumption
levels (… to be verified). We at the Cryptocurrency Academy we unable to locate
a publicly published price for the new mining device. Nonetheless, the key
question remains: How will the GMO B2 measure-up on a performance-to-cost basis
(when energy consumption is included in the equation) against leading products
today? Well, the TITAN V 8GPU
rig
sells for $33.5k, Bitcoin Miner
A1 costs $11.9k, TITAN XP/V 8 GPU has an $8.9k price tag
and the Bitmain
Antminer S9 which sells for $6.9k. Send us your comments and subscribe 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.
Thursday, May 24, 2018
Wednesday, May 23, 2018
Will PayPal’s Expedited Virtual Currency Transaction System Speed-up Payments?
Colleagues,
the goal of PayPal’s application for a “Expedited
Virtual Currency Transaction System" with the US Patent and Trademark
Office is to speed-up payment processing. Reducing speed generally carries the
benefit of lower OPEX. To achieve this the leading payments services firm
proposed a method creating secondary wallets with their own unique private keys
for sellers and buyers. This innovative system would transfer private keys tied
to an exact amount of a cryptocurrency. PayPal joins the ranks of JP Morgan and
other firms seeking a first mover advantage in the processing of
Blockchain-based cryptocurrencies. On a broader front, PayPal is among the
growing list firms such as Microsoft, PizzaforCoins, Overstock, Shopify and
Subway who accept payments in cryptocurrencies. Will PayPal’s new technology –
once approved – expedite payments (and lower transaction costs)? And which
firm(s) are next in line to accept cryptocurrency payments? Send us your
comments and subscribe today! Lawrence,
CryptocurrencyAcademy
(https://cryptocurrencyacademy.blogspot.com)
Tuesday, May 22, 2018
Sizing-up the new Infinito ‘Universal’ Wallet – Reality or Hype?
Colleagues,
cryptocurrency wallets … hardware, software, paper-based and electronic. They
come in a variety of form factors. Enter the Infinito Wallet which purports to
universally carry your codes for a multitude of cryptocurrencies. Among its key
features are enhanced speeds, price optimization, QR code scanning, contracts
management, touch ID support and more. The Crytocurrency Academy’s chief
concern is security and convenience, otherwise this next gen feature set is
quite impressive. While the concept of a ‘universal’ coin wallet is not new, if
Infinito can in fact deliver on its feature and function claims this new wallet
would appear to be bleeding edge. Any crypto wallet is no better than the
security it provides to its owners. By contrast, the ability to carry one
wallet from which you can trade multiple currencies offers significant
convenience. Bottom line: How does the Infinito Wallet compare to the most
popular wallets on the market today including TREZOR,
KeepKey, Coinbase,
Ledger BLUE and
the Ledger Nano S?
Send
us your comments and subscribe today! Lawrence, CryptocurrencyAcademy
(https://cryptocurrencyacademy.blogspot.com)
Saturday, May 19, 2018
J.P. Morgan Pioneers Blockchain for Inter-Bank Payments with US Patent application
Colleagues,
after initial hesitation toward Blockchain in 2015-2017
Jamie Dimon’s team a J.P. Morgan filed a patent
for inter-bank payments using the technology late last year as disclosed by the
US Patent Office this month. The focus of this patent – awaiting approval – in on cross-border
payments which require “a number of messages” be sent between the bank and 3rd
party clearing houses involved in the transaction. These transactions on a
Blockchain would reduce high costs, process payments in real time with a
verifiably true audit trail while providing accurately logging of the
transactions. Cryptocurrency Academy believes this is a sign of things to come
and fully expects other money center banks worldwide to file their own patents.
Bottom line: Blockchain has the potential to reduce costs, speed-up payment
processing and do so in a secure manner. In March 2018 financial messaging provider SWIFT worked with 34 global
banks to test a DLT
proof of concept (PoC) to help with Nostro
account reconciliation. Share a comment and subscribe
today! Lawrence, CryptocurrencyAcademy (https://cryptocurrencyacademy.blogspot.com)
Thursday, May 17, 2018
How Pervasive is the Google Chrome Malware Nigelify Used for Crypto Mining?
Wednesday, May 16, 2018
Will Iran Use Cryptocurrencies to Evade US Sanctions Following JCPOA Exit?
Friends, the US stands ready to aggressively apply economic and
technology sanctions on Iran following its May 9, 2018 withdrawal from JCPOA. However, do
not expect Iran to passively accept the reinstatement of sanctions which have
crippled its economy. A key premise shared by the Cryptocurrency Academy and
other entities is that Iran will actively pursue the use of trans-border trade
with Russia and its other allies to evade US sanctions. Security
vulnerabilities, money
laundering and limited ability to monitor international
trade transactions represent the dark side of cryptocurrencies. We predict
that Iran is not alone, rather bad actors – whether state-sponsored or independent
– including Russia, Syria, North Korean, Venezuela, ISIS and AOAP should all be
on the US intelligence radar screen for using Cryptocurrencies to conduct
transactions which defy international law and United Nations degrees. Bottom
line: The US CIA in conjunction with the Treasury Department need to double-down
on their proactive and forensic crypto surveillance capabilities to thwart
illicit trade using Cryptocurrencies. Comment and subscribe today! Lawrence, CryptocurrencyAcademy
(https://cryptocurrencyacademy.blogspot.com)
Tuesday, May 15, 2018
Can Amazon Meet the Blockchain Needs of its AWS Customers via Kaleido?
Friends,
although AWS represents only 9% of
Amazon’s revenue its 49% growth rate and strong margins are rapidly moving it
to cash cow status with the firms portfolio of businesses. Enter Blockchain.
Specifically, AWS’ 1m+ active users are demanding the tools and resources to
Blockchain-enable their AWS services. Where to begin? Today Amazon announced a
Blockchain partnership with Consensys
(a Blockchain incubator) graduate Kaleido. Little is
known about Kaleido, yet we are sure that Amazon has done its due diligence.
Let’s give Amazon credit for forming this partnership. However, questions
remain. Does Kaleido’s products and services have the functionality,
scalability and support capabilities needed to support the voracious Blockchain
appetite of 1m+ AWS users? Prediction: As Amazon tests the water with Kaleido,
if this week’s Consensus 2018 Conference in any indicator, we expect the Seattle
behemoth to make one if not multiple Blockchain acquisitions during the next
year for AWS. And by the way we would not be surprised to see Amazon make one
or more Cryptocurrency acquisitions in the next 3-5 years to fuel the payments
site of its global eCommerce empire. Share your comments and subscribe today! Lawrence, CryptocurrencyAcademy (https://cryptocurrencyacademy.blogspot.com)
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