Our mission is to provide Training and Certification programs to enable Cryptocurrency, Blockchain and FinTech traders and investors worldwide to achieve their career goals.
Saturday, June 16, 2018
Can the EOS Blockchain Live Up to its High Expectations?
Colleagues, EOS Blockchain is a
decentralized operating system which can support industrial-scale decentralized
apps (DAPPs).
It is based upon open source free software. EOS
makes to primary claims: First, the ability to conduct
millions of transactions per second. And second, the elimination of transaction
fees. Developed by Block.one will
allow developers to build DAPPs through smart contracts. The firm states
that it will invest $1B to build out the EOS ecosystem. Reading between the tea
leaves, this commitment and related goals would appears to position EOS as a
next gen Internet … complete with apps, used by institutions and consumers
alike, and span a number of industries. These are lofty aspirations indeed.
Bottom line: Can EOS meet or exceed expectations? The answer will likely not be
known for at least 3-5+ years. Visit us today and share your assessment! Lawrence – Cryptocurrency Academy (https://cryptocurrencyacademy.blogspot.com/)
Friday, June 15, 2018
Cryptocurrencies: An Ever-Increasing Target for Cyber Crime – The Monero 5% Heist is the Latest Example
Colleagues,
Monero is by no means a tier 1
cryptocurrency. According to Satoshi Pulse it ranks 14th in
cryptocurrency market cap worldwide. However, the recent theft of some 5% of
the currency’s value at the hands of so-called “malicious miners” once again exposes the
vulnerabilities cryptocurrencies need to resolve. Key cybercrime targets in the
cryptocurrency world include ICO, mining, exchanges, wallets and the underlying
Blockchain. Cyber criminals undoubtedly will probe very component of the crypto
ecosystem to find the weakest links. Now that we have entered the era of
quantum computing-based cybercrime security is of tantamount
importance to the mass adoption of cryptocurrencies. Post a comment and visit us today! Lawrence, Cryptocurrency Academy (https://cryptocurrencyacademy.blogspot.com)
Thursday, June 14, 2018
Does the combination of Cryptocurrencies plus Blockchain represent a new era of energy grid management?
Colleagues,
Walmart’s new patent entitled “Managing
Demand on an Electrical Grid Using a Publicly Distributed Transaction Ledger”
may be the next move toward national and region energy grids running on Blockchain
technology. In this approach energy producers and consumers would conduct
transactions using cryptocurrencies. Under this patent the total amount of cryptocurrency available
to purchase units of energy from an energy provider. Micro grids comprised of local residential
or commercial entities could use a Blockchain distributed ledger to build a
network of energy-consuming devices. Each device would be allocated a set
amount of Bitcoin or another cryptocurrency used to purchase energy from the
utility provider over a set billing period. When an individual network uses less than its allocated
energy consumption, it can be structured to share it with another network. In
2018 LO3 an energy trade
startup began testing this with the Brooklyn
Micro grid pilot program. And Australia-based startup Power Ledger is building a platform that allows
users to buy and sell solar electricity in real time. Bottom line: Could
Blockchain enabled micro grids using cryptocurrencies as their method of
payment represent a viable method for solving the dilemma of failed energy
systems? Share a comment and visit us today! Lawrence, Cryptocurrency
Academy (https://cryptocurrencyacademy.blogspot.com)
Wednesday, June 13, 2018
Will Hashbyte usher in a profitable era of cloud-based crypto mining?
Colleagues,
cryptocurrency mining has faced the enormous challenges of high energy and
hardware costs and along with low returns for miners. And while cloud-based
solutions have definite benefits they are also common targets of cyber
criminals. HashByte’s infrastructure uses 250W solar panels which power their mining facilities along with lease contracts with private wind turbine
firms across Europe. Bottom line: Will Hashbyte’s renewable energy approach to
crypto mining enable them to effectively complete against the likes of Genesis Mining Enigma, Bitfury Mines, Bitmain, Giga Watt
and Hut 8 Mining? Post a comment and subscribe today! Lawrence, Cryptocurrency Academy (https://cryptocurrencyacademy.blogspot.com)
Tuesday, June 12, 2018
Is there a Central Bank Digital Currency in the US Federal Reserve’s future?
Colleagues,
central banks of developed and developing nations around the world are
assessing the viability of launching their own cryptocurrencies (CBDC). Central banks are
notoriously conservative and adverse to systemic change. The US Fed is no
different. Despite former US FDIC Chair’s Sheila Bair advocacy that
the central bank should at least ‘consider’ issuing as US CBCD, Fed Chair
Jerome Powell and Governor Lael Brainard have raised major
concerns. Issues such as money-laundering, security of distributed ledgers,
investor protection and in many cases the pure “speculative” nature of the
crypto world order are all red flags from the US Fed’s perspective. Simultaneously
the relentless growth in the number and value of cryptocurrencies worldwide
continue at a breakneck pace. We at the Cryptocurrency Academy fully understand
and respect the US Fed’s well-founded reluctance to introduce unproven
competition to its fiat currency. Our prediction is that in 3-5 years we
anticipate the US Fed’s posture toward a US CBDC will be much more favorable.
Bottom line: For central banks – at home and abroad – CBDCs will simply become
an idea whose time has come. Leave
a comment and subscribe today! Lawrence, Cryptocurrency Academy (https://cryptocurrencyacademy.blogspot.com)
Monday, June 11, 2018
Coinrail Reports a $40m Heist – So just how secure are cryptocurrency exchanges against cyber theft?
Colleagues,
the recent Coinrail
loss of some $40m is just the latest in a steady stream of cybercrime attacks
against cryptocurrency exchanges. Coincheck lost an approximately $400m earlier
this year, last November saw Tether claim it lose $31 million following an
attack. Mt.
Gox hacking in 2014 is the mother of all crypto attacks. In total the
exchange lost around 744,408 BTC. That was worth around $350m in 2014. While Coinrail is by no means a tier 1
exchange this cyber heist raises serious questions about the security of
cryptocurrencies in general, and second the exchanges on which they are traded.
There is no silver bullet mitigation strategy, however, the Cryptocurrency
Academy would a couple of best practices for minimizing the risk to your crypto
investments: Currencies, exchanges and wallets. First, the top-tier currencies
such as BTC, Ethereum, Ripple, Litecoin, etc. generally have more security
on-board. Second, the larger and more established exchanges are likely to be
built on more secure platforms with cyber security professionals on staff. And
third, although opinions surely vary, hardware wallet such as the
industry-leading Nano Ledger S are
believed to offer more security … especially when compared to cloud-based
wallets. Send us a comment and subscribe today! Lawrence, Cryptocurrency Academy (https://cryptocurrencyacademy.blogspot.com)
Saturday, June 9, 2018
SEC Chair Jay Clayton wrestles with whether cryptocurrencies are in fact securities
Colleagues,
is Bitcoin a security? The answer you
receive likely will depend upon to whom you ask the question. As of June 2018
Jay Clayton does not consider Bitcoin as a security according to the 1933 Securities
Act. To paraphrase his rationale may be a little risky, nonetheless, we
will do our best. Clayton’s definition of a security is when an investor
provides funds to a designated third party and expects to receive – with some
level of risk – a return on his or her investment. Traditional IPO stocks most
definitely meet his definition of a security. Enter the emerging universe of ICOs. Now the
definition become much more blurry. All indications are that Clayton’s view is
that ICOs border on pure “speculation” regarding the investors’ expectation of
a return. So which firms and/or products do meet the definition of a security?
Surely any public company which produces a digital or tangible product related
to the cryptocurrency or the broader Blockchain
ecosystem are securities. So where does this leave ICOs and the currencies they
represent? The Cryptocurrency Academy perceives a rather large black hole … at
least for the foreseeable future. This phenomenon is not uncommon when the rate
of technology innovation outpaces the government’s due diligence to define and
enforce regulations. We predict that this issue will be resolved, but not for
another 2-3 years leaving ICOs and potential investors hanging in the balance. Share
a comment and subscribe today! Lawrence, Cryptocurrency Academy (https://cryptocurrencyacademy.blogspot.com)
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Colleagues, crypto time warp attacks occur when miners collude to report incorrect timestamps that are farther apart, messing with the ...
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Crypto Traders, gain a competitive advantage in cryptocurrency and Bitcoin trading with three complementary programs. First, the Certified C...
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Colleagues, we have written extensively about the CBDC initiatives underway in China (PBoC), US (US Federal Reserve) and the UK (Bank of...