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Bitcoin’s Price Remains Low Despite an Optimistic Outlook

  by David Drake     The volatility in bitcoin prices has led to marked ups and downs in the value of the leading cryptocurrency. This has raised questions on whether the bitcoin bubble has finally burst for good. Bitcoin’s total market capitalization dropped from $800 million to $200 million in just a few months, according to data from CoinMarketCap. At the beginning of September, Bitcoin traded at $6,450 and closed the first week of October at $6,576. But as the value of Bitcoin remains low, blockchain, the technology that powers Bitcoin and other cryptocurrencies, has been gaining popularity. In the business world, the technology has powered platforms such as Noiz Chain that facilitated interactive advertising, Qupon that allows for marketing of virtual coupon, URAllowance that facilitates family interactions using smart contracts and ONe Network that enhances  security in social media. Causes of Devaluation The drop in the value of Bitcoin ... Read More »

Why Some Industry Players Think The Cryptocurrency Bubble Could Burst Soon

  by David Drake     A review of  cryptomarket performance in 2017 indicates a capitalization growth that peaked during the last quarter of the year exceeded $650 billion by the 21st day of December. The increase in total market capitalization was a result of the rising value in Bitcoin’s capitalization which recorded more than 1400% growth, rising from $15.5 to $236.7 billion. Altcoins were not left behind. Their capitalization rose by more than 17,000%, from a low of $2.2 billion at the beginning of the year to 376.2 billion. The year also reported an increase in digital assets and cryptocurrencies launched, from 617 to more than 1,300. At the same time, blockchain, the technology underlying cryptocurrencies, created possibilities for developers to come up with innovative tech solutions to problems facing different sectors. Notable Changes Some notable solutions include digital asset portfolio management platform, BlockVest, peer to peer hedge fund trading ... Read More »

Why Colombia’s Move Could Make It the Next Crypto-Friendly Country

      By David Drake   The emergence of blockchain has presented huge opportunities for governments and businesses to enhance transparency, do away with intermediaries and reduce transaction costs. But beyond this, blockchain technology has fueled development of innovative solutions in different sectors. Some notable innovations include LiveTradr for portfolio optimization, Qupon for marketing of digital asset coupons and ONe Network for securing social media interactions, URAllowance for family smart contracts. Others are HFC Coin, a mortgage lending and investing platform for mortgage backed securities and Noiz Chain, a platform that is focused on interactive marketing. As the cryptocurrency industry grows, government interest in the industry is increasingly becoming evident. While some countries have reacted hastily to stifle the cryptocurrency industry in their borders, several governments have taken steps to create a conducive environment for the industry to thrive. One such country is Malta Island that has already put ... Read More »

Bitcoin is Going Through a Rough Patch, But its Not Out Yet

  By David Drake   Cryptocurrencies, especially Bitcoin, became popular in 2017. Blockchain, the technology behind cryptocurrencies, was not left behind. In the past 18 months, the technology has captured the attention of individuals and businesses in equal measure due to its ability to facilitate secure and fast transactions. As a result, numerous projects are being developed on blockchain. They include ONe Network, a project that seeks to secure social interactions online, IOU that allows e-commerce businesses to measure customer satisfaction, BQT for hedge fund trading, LiveTradr for portfolio optimization and URAllowance that uses family smart contracts. The Paradox Despite the growing popularity of blockchain, the price of Bitcoin has remained significantly low at this time of the year than it was last year. The year started off on a low note following a period of panic selling triggered by regulatory uncertainty in China and South Korea. Having closed the previous year at an all time high of close ... Read More »

Cryptocurrency Events are Marketing Avenues for ICO Startups, Here’s How

  By David Drake   Over the last two years, the popularity of cryptocurrencies has increased significantly and the technology underlying digital currencies has not been left behind. As speculation pushed the prices of Bitcoin to a peak of almost $20,000 towards the end of 2017, blockchain gained popularity. But it is not just Bitcoin that ignited the interest in blockchain, the smart contract platform, Ethereum, pushed the interest in blockchain to a whole new level with its ability to facilitate the development of decentralized application.The popularity of blockchain has the paved way for innovative solutions to be created by developers across the world. Such solutions include Gath3r targeting web miners who want to optimize the way they monetize, IOU for e-commerce businesses, NoizChain which facilitates interactive marketing, ONe Network to facilitate social media security and BlockVest that enables investors to manage their digital asset portfolios. The Value As blockchain facilitates the design and launch of innovative projects, the need ... Read More »

How Colombia is Positioning Itself to Become the Next Cryptocurrency Hub

  by David Drake     With the continued growth and a promising future, blockchain technology and virtual currencies have captured the attention of business entities and is now gaining pre-eminence in government circles. Startups across the globe are increasingly using blockchain technology to develop innovative solutions. Such companies include HFC Coin which provides blockchain backed solutions for the mortgage industry, LiveTradr that offers portfolio optimization solutions and Gath3r, makes it possible for web miners to monetize their solutions. In the social space, blockchain technology is powering URAllowance, the family smart contract platform and ONe Network that is focused on social media security. Malta, an island republic on the Mediterranean Sea is among countries that have quickly become prominent in matters relating to blockchain and cryptocurrencies. In July of this year, the parliament of Malta approved three bills which established its governing structure for crypto-related technologies. This made it the first ... Read More »

This Will Save You From Incurring Losses Caused by Cybersecurity Risks and Fraud: Oxford BioChronometrics

  by David Drake       There is on the average $11.7 million losses annually in organizations due to cybersecurity fraud and crimes according to a 2017 Accenture study. No surprise that 75% of 500 businesses surveyed by Experian worldwide in 2018  are now seeking more advanced security measures and authentication processes to protect their customers. Oxford BioChronometrics’ cybersecurity and fraud detection technology defends its clients against the rising tide of fraud by analyzing their ads and lead generation efforts to inform them about their real human audience. Their cybersecurity solutions cover the entire client acquisition process to ensure the best possible ROI. I had the privilege to sit down with David Scheckel, CEO of Oxford BioChron whose token sale will start this October 2018, to learn how they are addressing this problem and finding more ways to secure digital ads and assets through their Human Recognition Technology. 1. What problem is your ... Read More »

How HFC Coin will make Mortgages More Secure and Transparent with Blockchain and AI

    By David Drake   The blockchain technology is disrupting a whole plethora of the smallest to the largest industries and applications. I recently caught up with HFC Coin’s Bryan Stone, CEO, and James Lopez, President/CTO, who shared how the emerging technology is going to reshape the mortgage industry as we know it. HFC harnesses the power and security of blockchain technology and artificial intelligence to solve real-world problems of mortgage customers and mortgage investors. The HFC platform ensures that all stakeholders in the mortgage process are taken care of. 1. What problem is your ICO project addressing?   We are reducing the unnecessary costs associated with obtaining a residential mortgage in the United States. Using Blockchain and AI we can dramatically reduce the consumer costs and we are able to open up mortgage investing to smaller investors as opposed to only institutional investors. – Bryan Stone, CEO Blockchain offers ... Read More »

How Coinnect Harnesses Blockchain for the Knowledge and Talent Sharing Economy

    By David Drake   With internet connectivity and mobile apps, sharing our knowledge, content, and talent globally is not a difficult feat anymore. But to do this seamlessly, in live mode and to be paid directly for those services, there lies the challenge. Coinnect is a blockchain-based platform designed for live remote services and content which offers secure, commission-free, and real-time crypto payments. The platform’s tools support live one-on-one, group, and broadcast high-quality video streaming. Coinnect’s CEO Massimiliano Rijllo shared with me recently his vision and outlook for the company and its market: 1. What problem is your ICO project addressing? Coinnect is working to innovate the way people can share their knowledge and talent. Today tools like Youtube Live allow streaming of content and receiving a percentage of the advertising revenues generated by a central streaming platform. With Coinnect, the pricing is fully decided by the person ... Read More »

The Real Reason Coinbase Hired Jeff Horowitz as Chief Compliance Officer

  By David Drake   Jeff Horowitz’s appointment as chief compliance officer at Coinbase, the largest cryptocurrency platform in the US, could herald a new era of investment opportunities for institutional investors. Formerly the managing director of Pershing LLC and banking regulator at the FDIC, Horowitz’s addition is expected to help Coinbase expand into new markets. His experience working in industries that require compliance with anti-money laundering policies could easily be the eye-opening experience, bigwig investors need to buy into cryptocurrency. Coinbase ranks 12th globally as a cryptocurrency exchange and boasts of an average crypto volume of $156 million daily, split across Bitcoin, Bitcoin cash, Litecoin, and Ethereum. With the newly added Coinbase Custody, the exchange hopes to attract large-scale investors such as hedge funds, by enticing them to diversify their portfolios to include cryptocurrencies. Just recently, Coinbase hired a broker-dealer and its move to include  Horowitz is a necessary ... Read More »

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