Monthly Archives

January 2018

18-year-old bitcoin millionaire is traveling the world recruiting an A-team to build an alternative to the 'corrupt' world of cryptocurrency

18-year-old bitcoin millionaire is traveling the world recruiting an A-team to build an alternative to the ‘corrupt’ world of cryptocurrency

18-year-old Erik Finman made headlines last year when the value of his bitcoin holdings hit the $1 million mark – meaning he won a bet with his parents and didn’t have to go to college. Now, thanks to the recent surge in the cryptocurrency markets, Finman’s personal bitcoin hoard is worth about $4 million, even after the slump of the last few weeks . And he’s diversified into other cryptocurrencies, as well as more traditional investment vehicles – he’s even started a 401(k) retirement ...

Read More
18 Blockchain Predictions for 2018

18 Blockchain Predictions for 2018

1.Bitcoin is the generation 0 of blockchain technology… the opening act… the gateway drug … the first inning … MySpace. We must thank her for her work, as none of the following technology would be available without Satoshi’s Bitcoin, but we’re about to go much, much, further. While Satoshi converged a database structure with peer-to-peer networking, cryptographic tokenization, consensus formation algorithms, and game theoretical economic incentivization to create a means for trustless digital storage and transmission of value, the “Digital Gold” use case, is ...

Read More
Bitcoin Isn't the Future of Money

Bitcoin Isn’t the Future of Money

If the Bitcoin bubble has a redeeming feature, it’s that it has started some interesting conversations. One is about whether governments should get into the cryptocurrency business for themselves.  The unsatisfying (though undoubtedly correct) answer: It depends. A cashless future is indeed on its way, and governments and central banks have no choice but to prepare for it. But a cashless future doesn’t necessarily require government-backed digital currency. And while the technology underlying Bitcoin and other such cryptocurrencies will almost certainly have many useful ...

Read More
Understanding The Implications Of Blockchain Technology In Agriculture

Understanding The Implications Of Blockchain Technology In Agriculture

What Is Blockchain And Why Is It Unique? The blockchain is a distributed ledger technology that allows all members to record transactions in a decentralised data log maintained on a network of computers, rather than a physical ledger or a single database. Transactions must be approved through consensus, and everything is secured through cryptography. In simpler terms think of blockchain as google sheets versus excel sheet sent through emails. In google sheets, all members have live access to the data ...

Read More
UNICEF Wants to Fund Early Stage Blockchain Startups

UNICEF Wants to Fund Early Stage Blockchain Startups

The United Nations Children’s Fund (UNICEF) is seeking to invest in early stage blockchain startups with the potential to help children across the globe. In an announcement today, the U.N. program said it is offering equity-free investments of $50,000–90,000 to seed-stage startups developing solutions on open blockchains in areas including smart contracts, tokens, mining and data analysis. The release added: “We are interested in companies that use distributed ledger tech in new, groundbreaking, ways that are scalable, and globally applicable.” The initiative, led by ...

Read More
Vitalik Buterin Releases Revolutionary New DAICO Model for ICOs

Vitalik Buterin Releases Revolutionary New DAICO Model for ICOs

 Vitalik Buterin, the creator of the Ethereum Network, recently proposed a new method for decentralized fundraising called the “DAICO”. Incorporating elements of Decentralized Autonomous Organizations, or DAOs, the new model is designed to minimize the complexity and risk associated with ICOs. Buterin outlined the new model in a post on the Ethereum Research Forum entitled “Explanation of DAICOs”. In the exposition, the Russian-Canadian programmer outlines a new model that integrates characteristics of DAOs into ICOs to create a new model he refers ...

Read More
Reliance Jio’s cryptocurrency JioCoin: How Mukesh Ambani plans to use blockchain to tap into IoT

Reliance Jio’s cryptocurrency JioCoin: How Mukesh Ambani plans to use blockchain to tap into IoT

With an aim to develop applications such as smart contracts and supply chain management logistics, Jio Infocomm, a leading telecom major that disrupted the country’s telecom sector last year with its highly discounted data usage rates and free offers, is mulling over a plan to develop its own cryptocurrency JioCoin, LiveMint reported. The project will be headed by Mukesh Ambani’s eldest son Akash Ambani who will be leading a 50-member team of young professionals with an average age of 25 years ...

Read More
Six ways to regulate cryptocurrency without killing it

Six ways to regulate cryptocurrency without killing it

Cryptocurrency and blockchains are amazingly innovative, but dodgy as hell. Here’s some advice for governments trying to help Cryptocurrencies and blockchains are here to stay, so now more than ever it’s important governments get ahead and regulate it correctly. Here are six things the UK government can do to protect consumers while not stifling innovation: 1. Clear up the tax situation Blockchains don’t work without a token, and tokens need to be traded in and out of fiat (government backed ...

Read More
Indian Bitcoin Exchanges Seek Clarification Over Tax Liabilities

Indian Bitcoin Exchanges Seek Clarification Over Tax Liabilities

Indian bitcoin exchanges are raising questions over the applicability of goods and service tax (GST) to their operations. Seven bitcoin exchanges in the nation including Unocoin, Zebpay and CoinSecure are seeking clarity over how their businesses might be classified under GST rules, and are planning to approach the Authority for Advance Rulings (AAR) – the government body that decides on the applicability of tax rates – over the matter, the Economic Times (ET) states. An official familiar with the matter told the ...

Read More

This is a unique website which will require a more modern browser to work!

Please upgrade today!