Latest News On Cryptocurrencies

You recently bought a Tesla car, and although you don’t understand how it works, you’re happy about whatever’s under the hood because of a smooth, seamless driving experience. The same thing applies to the  Blockchain . What’s interesting to mass-market users is not the technology per se, but the value it holds. Cryptocurrency and Blockchain are buzzwords in today’s digital realm associated with Bitcoin, ICOs and digital wallets. Average consumers don’t need to know how the technology works. They want to know how to reap the benefits. The vault in the smartphone The mobile phone is no longer a device for chatting with friends and family. It has grown into a smart device used to perform a wealth of activities. There’s an app for everything. But when we put Blockchain technology and smartphone side by side, we notice that there’s a glitch. There’s no killer app for Blockchain-based activities, no holistic approach to benefit from the perks of the Blockchain without worryi...

VeChain  announces at  BlockShow Asia  that they will incorporate Blockchain technology into their platform to protect luxury products for consumers, merchants and manufacturers. The luxury  market  is filled with knockoffs and fakes, and the current platforms that move a product from materials, to manufacturing, to market are so siloed and disconnected that fake products can be inserted at any point. This problem provides massive compromises for products that are extremely valuable, and require high levels of customer satisfaction. Blockchain technology provides a connected system for tracking products from start to finish with  security  and transparency. The implementation of  Blockchain  technology into the supply chain allows a product manufacturer, distributor or retailer to see and track the product with absolute certainty. Additionally, Blockchain allows for complete transparency, meaning that problems in the process from ...

Korean banking giant Nonghyup (NH) Bank, which specializes in agricultural and commercial credit and banking services in South Korea, has joined the  R3   Blockchain  consortium, according to reports from local  media . The consortium researches and develops Blockchain solutions for financial services. The announcement indicates that with the help of R3, the bank intends to implement new technology and initiate new partnerships with Fintech corporations. According to an official from Nonghyup Bank: "We will acquire technology by joining the consortium and apply it to various sectors of NH Nonghyup Bank such as the financial and economic sectors.” The connection is no less important for  R3 , after a number of bumps in their business plan over the past few months. The  lawsuit  with  Ripple , which recently took a turn for the worse, has left some companies within the consortium feeling that the focus has changed. However, the ad...

Lawmakers in Gibraltar approved a piece of legislation last week that advances the government's broader plans for blockchain. On Dec. 6, legislators cleared  a bill  that amends the British overseas territory's Financial Services (Investment and Fiduciary Services) Act in order to "extend measures for the protection of investors to the customers of licensees carrying on controlled activities which are not investment services." As arcane as that may seem, the bill represents a legal tweak intended to pave the way for new rules that officials  made public  last year as part of a bid to legally define blockchain's use in storing and transmitting value under Gibraltar law. Albert Isola, Gibraltar's Minister of Commerce, celebrated the bill's passage and pointed to expected demand for licenses once the DLT-specific regulations are formally introduced in the new year. Isola remarked : "Gibraltar is one of the first jurisdictions in ...

Blockchain technology could represent a major shift in how companies conduct their business, according to Deutsche Bank's  chief investment officer. In a slide presentation this month , Christian Nolting, also the bank’s global head of wealth, and Marcus Muller, global head of the CIO office, explained how digital currencies and blockchains work and predicted where they would go in the future. According to the presentation, the “opportunities associated with blockchain technologies are huge,” and could be fully put into practice within the next few years. The bankers predicted that roughly 10% of the global gross domestic product (GDP) would be tracked or otherwise "regulated" by a blockchain by 2027. The presentation said : “We expect that the blockchain will change the business model of companies in a sustained way. The blockchain technology enables a faster and cheaper exchange of assets and financial products between individuals without an [in...

International Business Machines’ (IBM)  research laboratory in Zurich, Switzerland has developed a new generic preprocessing building block that could make the speed by which machine learning algorithms can absorb new information faster. Such development is expected to largely benefit the booming  AI  industry. According to IBM Zurich mathematician Thomas Parnell, they have developed a  generic solution to the AI learning process with a 10 times speedup. “To the best of our knowledge, we are first to have generic solution with a 10x speedup. Specifically, for traditional, linear machine learning models — which are widely used for data sets that are too big for neural networks to train on — we have implemented the techniques on the best reference schemes and demonstrated a minimum of a 10x speedup.” Possible benefits of the new development to the AI industry According to the research lab the main purpose of the invention is to enhance the speed a...

It is no secret that Blockchain technologies are on the rise. Businesses across a variety of industries are aware that  Blockchain technologies  have the ability to mitigate transfer and operational costs, increase transaction speed, and eliminate the need for parties to put their trust in an intermediary. Blockchain technologies also have a number of use cases in industries  where the Blockchain can provide businesses with a more secure method of record keeping. Each day, more and more businesses have been  inquiring with professionals  on how to incorporate Blockchain technologies into their business model.  Concurrently, the demand for employees in the Blockchain industry has been on the rise and is expected to thrive in the new year. In 2018, there will be many opportunities for individuals to work in the Blockchain industry. Here are a few careers in the Blockchain industry that will be in high demand in 2018. Project manager Businesses a...

Cointelegraph continues publishing interviews with prominent guests of  BlockShow Asia 2017 , that took place in Singapore in November 2017. Li Yuan, partner of Achain rocked the BlockShow audience with a new  vision of the forking , making a comparison of Blockchain to Darwinian theory. After his pitch, he talked to Cointelegraph about his colleague  fork theory , importance of background in the Blockchain industry. Cointelegraph: What is your first impression of the Singaporean crypto community here today? Li Yuan:   I feel very warm because we have friends from all around the world. We are the same and we share the same interests and opinions about the future of Blockchain. It’s a very good platform for us to contact with each other, to build a relationship with each other. So I thank you for creating the platform for us. СТ: What is that fork theory designed by Tony Cui you talked about? It inspired a lot of discussion in the social media. What is yo...

1. What Is a Loyalty Program? Merchants set them up to encourage customers to come back and buy their goods or use their services. A typical loyalty program would require a customer to register with the merchant offering the program so they can accumulate loyalty points. Depending on the type of business and the terms of the loyalty program, the loyalty points could allow customers special access to new products and services, used to get discounts on future purchases or even receive free merchandise.Some example of loyalty programs include frequent flier miles offered by  airlines , restaurant points and hotel points that could be applied towards a future stay. 2.  Why does it matter? Loyalty program helps a business keep a decent customer retention rate. The less obvious answer is that it helps  businesses  save cost. Depending on the industry, it costs businesses between five and 25 times more to acquire a new customer than it costs to sell to ...

Free online encyclopedia co-founder Larry Sanger has  joined  the venture-backed startup firm Everipedia as chief information officer (CIO) in his bid to disrupt the company that he helped establish. Dr. Sanger is also an  outspoken critic  of  Wikipedia , claiming that he doesn't like what the online encyclopedia has become. During an interview, Dr. Sanger discussed the reasons why he has decided to become an official of Everipedia, which he considers as the next evolution of online encyclopedias. He claimed that the current issue confronting online information is that it is centralized and controlled by a few players and they are about to change that. "The biggest problem with online information today is that it is centralized and controlled by a very few players, that it benefits to have the most salacious and hype-ridden information. We can do much better." Decentralized encyclopedia Based on the unpublished draft of Everipedia’s white paper...