Menu

Blog

Archive for the ‘cryptocurrencies’ category: Page 10

Feb 19, 2019

Once hailed as unhackable, blockchains are now getting hacked

Posted by in categories: bitcoin, cryptocurrencies, security

More and more security holes are appearing in cryptocurrency and smart contract platforms, and some are fundamental to the way they were built.

Read more

Feb 18, 2019

How J.P. Morgan’s fake cryptocurrency threatens SWIFT, Western Union and Deutsche Bank’s real business.

Posted by in category: cryptocurrencies

Last week JP Morgan announced that it had developed its own cryptocurrency, the“JPMCoin”. Lost in the much of the noise about whether or not the JPMCoin is a real blockchain or cryptocurrency is the fact that, for mainstream blockchain adoption, the announcement is a big deal. Don’t get me wrong. The JPMCoin is no more a cryptocurrency than say Fortnight’s V-Bucks or your airline miles are. However, for blockchain the technology (even if JPMorgan isn’t actually using a blockchain) the mere mention of the possibility that blockchain like tech is being adopted by the 6th largest bank in the world, a meaningful way, is a big step towards mainstream adoption.

As you consider this here are a few points you can confidently share with your colleagues and friends:

  1. The #JPMCoin isn’t a #blockchain or a #cryptocurrency
  2. That doesn’t matter because JPMorgan’s modern day #DigitalAbacus does solve real business problems and proposes real operational cost savings, aka revenue generators
  3. #Swift, #WesternUnion & #DeutsheBank should be concerned because when the worlds 6th largest bank adopts a means of saving X% on #settlement, #creditcard, #remittance and #banktransfers this could directly cut into their core revenue streams
  4. Because JPMorgan didn’t adopt #blockchainlike technology for accounting, for the greater good of transparency, trust, blah blah blah
  5. They did it for operational efficiencies that would translate into revenue 6 Coincidentally, Ripple rejoices! As the #JPMCoin validates their entire business model as only the 6th largest bank in the world can.

Too, JPM’s entry into the internal/private permissioned psuedo #blockchainworld of operational efficiency disrupts Ripple’s competitors. This is a blessing for Ripple, as it is easier to take down a global banking middlemen (Swift) if another global banking titan (JPMorgan) decides it wants to cannibalize its fellow banking middleman.

In conclusion, if you look beyond the hype you’ll see a landscape of operations & technology innovations, with incremental process improvements that = real $$$$. Too, you’ll see an international chess board where the major players are strategically positioning their businesses to take advantage of the most efficient (profitable) and complementary services available. Stay tuned. Blockchain in finance and banking is just getting started. Next, regulatory hurdles.

Continue reading “How J.P. Morgan’s fake cryptocurrency threatens SWIFT, Western Union and Deutsche Bank’s real business.” »

Feb 6, 2019

The Indian government is worried that cryptocurrencies may destabilise the rupee

Posted by in categories: cryptocurrencies, government

https://paper.li/e-1437691924#/


A sore point.

Read more

Feb 4, 2019

Canadian cryptocurrency fund boss Gerald Cotten died – and US$190million of his investors’ money may be encrypted forever

Posted by in categories: cosmology, cryptocurrencies, economics, encryption

US$190 million in investors’ money has been locked since Cotten died in December. His widow says she doesn’t know his passwords.


About US$190 million in cryptocurrency has been locked away in a online black hole after the founder of a currency exchange died, apparently taking his encrypted access to their money with him.

Investors in QuadrigaCX, Canada’s largest cryptocurrency exchange, have been unable to access their funds since its founder, Gerald Cotten, died last year.

Continue reading “Canadian cryptocurrency fund boss Gerald Cotten died – and US$190million of his investors’ money may be encrypted forever” »

Feb 4, 2019

The DIY designer baby project funded with Bitcoin

Posted by in categories: bioengineering, bitcoin, cryptocurrencies

Cryptocurrency, biohacking, and the fantastic plan for transgenic humans.

Read more

Jan 22, 2019

Announcing Hyperledger Grid, a new project to help build and deliver supply chain solutions!

Posted by in categories: bitcoin, computing, cryptocurrencies

While I’m not a big supporter of cryptocurrency, I am a supporter of utilizing blockchain technology in other areas. For example. logistics. The Linux Foundation announced the creation of the Hyperledger Grid project just for that purpose. However, as they state, this isn’t a software project, but a platform project.


Supply chain is commonly cited as one of the most promising distributed ledger use-cases. Initiatives focused on building supply chain solutions will benefit from shared, reusable tools. Hyperledger Grid seeks to assemble these shared capabilities in order to accelerate the development of ledger-based solutions for all types of cross-industry supply chain scenarios.

Grid intends to:

Continue reading “Announcing Hyperledger Grid, a new project to help build and deliver supply chain solutions!” »

Jan 18, 2019

Blockchain: 6 Key Ethical Considerations

Posted by in categories: bitcoin, computing, cryptocurrencies, cybercrime/malcode, disruptive technology, employment, ethics, hacking, information science

Blockchain shows major potential to drive positive change across a wide range of industries. Like any disruptive technology, there are ethical considerations that must be identified, discussed, and mitigated as we adopt and apply this technology, so that we can maximize the positive benefits, and minimize the negative side effects.

Own Your Data

For decades we have sought the ability for data subjects to own and control their data. Sadly, with massive proliferation of centralized database silos and the sensitive personal information they contain, we have fallen far short of data subjects having access to, let alone owning or controlling their data. Blockchain has the potential to enable data subjects to access their data, review and amend it, see reports of who else has accessed it, give consent or opt-in / opt-out of data sharing, and even request they be forgotten and their information be deleted.

Monetize Your Data

Continue reading “Blockchain: 6 Key Ethical Considerations” »

Jan 18, 2019

Blockchain — Why remodeling your own house is stupid.

Posted by in categories: bitcoin, business, cryptocurrencies

I love hearing the enthusiasm and joy in the voices of first time home buyers who are going to save money, bond and remodel their house together. Brand new doctors, seasoned lawyers, accountants, project managers, the boldest of GenX and Millennials who grew up swinging VR joystick in lieu of hammers. But they’ve watched Property Brothers and Love It or List and have the best database of YouTube videos for home remodeling in their entire subdivision or building. They even park in the “Pro” section at Home Depot and have their very own monogrammed Leatherman construction gloves.

You can remodel your own home. Even “just” your kitchen or “just” your bathroom. You can read and have all the resources at your disposal. But don’t. Don’t even fucking think about it. Remember how you tried to cook Thanksgiving dinner last year and ended up burning up your kitchen, which is why you need to replace it? Those were simple enough directions too, right?

But what does this have to do with blockchain and more importantly your business?

Glad you asked. Well, your business is like your house. Blockchain is like a remodel. You can do it yourself. You’re after all a pro at your business. But your business isn’t blockchain. Your business is shipping, consulting, farming, logistics, banking, money exchange, insurance, lending, maybe even selling pizzas. Your business is a business. Your business isn’t a way of doing business or a business tool like blockchain. Your business is a way of generating you income to provide for your family, workers, community, financial security and future. It ain’t a way to decentralize any of those, unless you want to find out what a “decentralized” retirement looks like. (Hint, think working poor at 75 years old. #GigEconomy).

Continue reading “Blockchain — Why remodeling your own house is stupid.” »

Jan 18, 2019

Ethereum Plans to Cut Its Absurd Energy Consumption

Posted by in categories: bitcoin, cryptocurrencies, energy

The problems with cryptocurrencies and their energy usage are well-known. However, Ethereum is planning to address the issue. They’re planning on doing a 99% decrease in the amount of energy used in obtaining new coins.

It would be good for other cryptocurrencies to take this problem just as seriously.


The cryptocurrency is going on an energy diet to compete with more efficient blockchains.

Continue reading “Ethereum Plans to Cut Its Absurd Energy Consumption” »

Jan 16, 2019

EVM 2.0: Inside the Race to Replace the Heart of Ethereum

Posted by in categories: computing, cryptocurrencies

At the heart of ethereum lies a virtual computer.


The virtual machine that allows ethereum to compute everything in a decentralized way is getting a massive overhaul.

Read more

Page 10 of 30First7891011121314Last