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Category: bitcoin – Page 31

IoT, AI and blockchain will change every aspect of enterprises and our lives: Oracle

The current health crisis has snowballed into a world economic crisis, where every old business norm has been challenged. In such times, we cannot fall back on old ways of doing our business. Today, three technologies

Internet of Things(IoT), Artificial Intelligence (AI), and blockchain are poised to change every aspect of enterprises and our lives. Now more than ever, organisations realise the pertinent need for a robust digital foundation for their businesses as their future plans have been disrupted. “To achieve that level of business sophistication holistically it is imperative that there is a seamless flow of data across all the functions of an enterprise. That requires connected data that is secure and one that is driven by connected intelligence,” Guruprasad Gaonkar, JAPAC SaaS Leader for ERP & Digital Supply Chain, Oracle told Moneycontrol in an interview:

How is India reacting to emerging technologies as compared to other Asia Pacific (APAC) regions?

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Bitcoin Could Be About To Surge To $100,000 After Stock-To-Flow Update Revealed

Bitcoin has been struggling to break over the $10,000 per bitcoin level since its highly-anticipated supply squeeze —but that could be about to change.

The bitcoin price, up around 30% since the beginning of the year and on track to be one of the year’s best performing assets, has swung wildly over the last few months.

Now, one of the most closely-watched bitcoin analysts, an anonymous strategist who claims to be a member of an institutional investment team that manages around $100 billion in assets, has released an update to his so-called stock-to-flow model, suggesting the bitcoin price could be about to surge to around $100,000.

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“Hacking Bitcoin” Called Super Computers to Crypto Mining

Several supercomputers in Europe have been hacked in the past few days. Attackers are thought to use these supercomputers for mining Monero (XMR).

A massive attack was carried out on some supercomputers based in Germany, the UK and Switzerland. These events first surfaced with the announcement of the University of Edinburgh on Monday. University of Edinburgh; He explained that the supercomputer known as ARCHER has detected a “vulnerability in the input nodes” and the system has been disabled. Authorities had to reset their SSH password to prevent the attack.

The attacks were not limited to this. An organization called bwHPC in Germany also made a statement on Monday, and five different supercomputers in Germany; It announced that it was closed due to “vulnerabilities” similar to those in the UK.

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Visa Files Patent for Cryptocurrency System to Replace Cash

Bitcoin News.

Visa International has filed for a cryptocurrency system patent that is meant to replace physical currency. The system, which utilizes both central banks and commercial banks, leverages a private blockchain to improve the payment ecosystem.

The United States Patent and Trademark Office (USPTO) published on Thursday a patent application entitled “digital fiat currency,” filed by Visa International Service Association on Nov. 8, 2019.

The filing is for a fiat-linked cryptocurrency system using “a private permissioned distributed ledger platform.” It describes a central computer, its responsibilities, and key roles of the system: central entities, validating entities, redeeming entities, and users. “A central entity may be a central bank, which regulates a monetary supply,” the document details. Validating entities “are blockchain nodes, which may be peers such as banks.” Redeeming entities “may accept physical currency for exchange for digital fiat currency,” such as an ATM or a bank branch location.

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Patterns, Choices & Consequences

The choices we make today, and it’s consequences will shape up this decade. Can we break the current pattern, engage with this new financial system and adapt to new realities? #blockchain

As human beings, we are defined by patterns. Our collective pattern defines society. We are empowered with choices – furthering the patterns, or breaking them or creating new ones. In the physical world, these choices could be social, economic, technological, or ecological. Based on the choices we make – good, bad, or ugly, we enjoy or suffer consequences. COVID-19 escalated the macroeconomic situation leading to liquidity, demand, and supply shocks. Can we break the current pattern and embrace digitization, decentralization and sound money? In turn, making choices that will create affirmative consequences for humanity.

Patterns, Choices & Consequences

On the late evening of 5th July 2004, one of our core team members was driving on Mumbai – Pune highway in a Maruti 800, after an offsite monthly sales review in Mumbai (India). He had to be in Pune for an early morning sales leadership training program. It was getting dark and he was trying his best to get out of Mumbai traffic onto the expressway. Once he reached the expressway, he felt it would be a breeze to get to Pune. This was his usual circuit and he was cruising at about 80 km per hour (not high speed or rash driving by any standards). He was ambitious. Past midway the weather conditions suddenly changed and it started pouring with no visibility beyond two feet. He pushed the accelerator trying to overtake a bus. He hadn’t bothered to check that the tyres were worn out and there was mud sludge on the road. He was ill-prepared and complacent. This lethal combination made his car lose control, spinning and toppling and diving next to a waterlogged canal.

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