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| January 20, 2019

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Experts Say World Urgently Needs a New Diet

January 17, 2019 |

A hamburger a week, but no more—that’s about as much red meat people should eat to do what’s best for their health and the planet, according to a report seeking to overhaul the world’s diet . Eggs should be limited to fewer than about four a week, the report says….
Newser

The Next Big Thing or a Total Monstrosity? Four Experts Weigh in on Stablecoins

January 4, 2019 |

Stablecoins have long divided opinion in the crypto community, with some believing they’re needed to gradually convert the masses away from fiat, whereas others have grave concerns about these dollar-pegged assets. Four experts – Gabriel Cardona, Roger Ver, Miko Matsumura, and Vin Armani – recently shared very different stablecoin opinions on the Bitcoin.com podcast. 

Also Read: How Institutional Investors Are Changing the Cryptocurrency Market

The Stablecoin Is Here to Stay

Stablecoins, love them or hate them, are here to stay – for now, at least. That’s one thing the four experts who spoke on the Bitcoin.com podcast with host Matt Aaron agreed on. The digital coins, whose value is pegged to fiat currency, were a hot topic in 2018, with tether (USDT) frequently talked about and heavily traded. Despite their shortcomings, it looks like stablecoins will feature prominently in 2019’s cryptocurrency markets, just as they did in 2018.The Next Big Thing or a Total Monstrosity? Four Experts Weigh in on Stablecoins

Bitcoin Cash (BCH) developer Gabriel Cardona told Bitcoin.com that 2019 will be the year of the stablecoin: “I think stablecoins are completely radical and I know there are some very smart people out there who are naysayers and say it is impossible to have a stablecoin. I suspect it is possible although I’m not going to probably be the person to design it – but my intuition tells me that it will be possible to have some kind of stablecoin that works most of the time for most use cases.”

Cardona also said he thinks the stablecoin is the missing piece of the BCH token ecosystem, and added that people are attracted to them because of the volatility seen with conventional cryptocurrencies. “We need merchants to be able to adopt it [cryptocurrency] and they’re unable to because volatility is so high and they can’t be exposed to it,” he explained.

Bitcoin.com CEO Roger Ver also said that 2019 would be the year of the stablecoin. “I think we’ll see a lot more people using stablecoins,” he said. “It seems pretty clear that the market is headed in that direction at the moment.” Stablecoins are popular, not only due to their relative immunity from volatility, but also their ability to serve as a fiat surrogate that can be stored onchain. Institutional investors have been particularly attracted to stablecoins as a hedge against extreme price movements, as Vin Armani, developer and founder of Cointext, acknowledged: 

They [institutional investors] want something that feels familiar, and so stablecoins present that. It’s a way to bring in institutional investors.

Miko Matsumura, cofounder of Evercoin and GP of Gumi Cryptos venture fund, said that stablecoins will stick around, though the way we see them will change over time. “The point I will make is stablecoins will continue to exist but we will think of them more as payment coins, we will think of them as ecommerce coins or kinds of baskets of asset-backed security-like mutual funds – we’ll think of them differently from the way we think of them today.”

The Downsides to Stablecoins

Stablecoins have frequently drawn criticism, which all of the experts noted in the podcast. One such fault, according to Matsumura, is that stablecoins are unimaginative and have little appeal. “If that [stability] is the only property of a coin, then it’s not interesting,” he said. Matsumura added the phrase ‘stablecoin’ is itself a “Telegram and Twitter-driven monstrosity” and the coins allow people to “move in and out of crypto” while still being in crypto.The Next Big Thing or a Total Monstrosity? Four Experts Weigh in on Stablecoins

Those who criticize stablecoins do so because they want cryptocurrencies to move people away from a dependence on government regulation. Roger Ver, a prominent critic of stablecoins, said that it was “frustrating” there is so much interest in them: “I want to see the U.S. dollar, the euro and the yen replaced by cryptocurrencies directly rather than tokens pegged to the dollar, euro or yen but it seems pretty clear that the market is headed in that direction at the moment.” 

Vin Armani added that stablecoins would eventually “go away,” but in the meantime are a “bridge technology,” He said that one danger is “for regulators to take a chomp at them” – a frequent concern among the crypto community.

Despite the concerns raised by the podcast guests, all four agreed on one thing – the stablecoin is here to stay and 2019 will likely be an even bigger year for pegged digital assets than 2018.

What do you think about stablecoins and the views of the four experts as quoted above? Let us know in the comments section below.


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The post The Next Big Thing or a Total Monstrosity? Four Experts Weigh in on Stablecoins appeared first on Bitcoin News.

Bitcoin News

Hacking risk rises ‘exponentially’ for troops using personal devices, experts warn

December 21, 2018 |

Troops who bring their personal tablets and smartphones into combat are at risk of being hacked by hostile actors, cybersecurity experts are warning.  
FOX News

Crypto Experts From Sanctioned Countries to Receive Training in Crimea

November 17, 2018 |

Crypto Experts From Sanctioned Countries to Receive Training in Crimea

The leading crypto industry association in Crimea has proposed establishing an international training center to prepare experts from countries that have been placed under western sanctions. The idea is to use advanced technologies associated with cryptocurrencies to attract foreign investors to these jurisdictions.

Also read: Estonia Issues Over 900 Licenses to Cryptocurrency Businesses

Plan for Crypto Course Put Forward in Crimea

Crypto Experts From Sanctioned Countries to Receive Training in CrimeaAs part of the initiative, the Crimean Republican Association of Blockchain Investment Technologies (Krabit) intends to launch an educational course that could become part of a university curriculum. Lecturers, including members of the organization, will train students from countries and territories that are currently subjected to economic and political sanctions imposed by foreign powers like the U.S.

Following the Maidan Revolution in February of 2014, which changed the geopolitical orientation of Ukraine, authorities in the Autonomous Republic of Crimea, where the Russian ethnic population forms a majority, held a referendum to join Russia. The proposal was supported by almost 97 percent of those who voted, over 80 percent of Crimeans, according to the Russian side. In March of that year, Crimea and the Federal City of Sevastopol became part of the Russian Federation.

The accession, which was not recognized by Kiev and a large part of the international community, led to economic sanctions for the territory that have curbed foreign investment. Numerous proposals have been made to circumvent these restrictions using crypto technologies. One of them recently came from the Permanent Representative of the Republic of Crimea in the Kremlin, Georgiy Muradov, who said that a blockchain cluster and a cryptocurrency fund could soon be established in the Crimean special economic zone to attract investors. A plan to set up an assembling facility for mining equipment has also been discussed.

Crypto Experts From Sanctioned Countries to Receive Training in Crimea

According to Krabit’s president, Roman Kulachenko, who spoke with Tass on the sidelines of the “Security. Crimea – 2018” forum, the republic is not the only affected entity that could take advantage of cryptocurrency technologies to evade sanctions. He mentioned Abkhazia and South Ossetia, two other pro-Russian republics in the former Soviet space that are facing similar problems. In his opinion, the educational center can help them successfully overcome some of the challenges. Other sanctioned countries, such as Iran, are also relying on Russian support to develop their crypto capabilities.

Kulachenko noted that crypto and blockchain technologies can be employed to create platforms that would allow foreign investors to anonymously operate in these jurisdictions. However, he also remarked that in order to do so, a proper regulatory framework for digital assets, smart contracts and blockchain technologies has to be developed and implemented. Russian government institutions have been postponing the adoption of such legislation for months, and according to recent reports from Moscow, the drafts that have been filed in the State Duma this past spring have been revamped and do not even mention cryptocurrencies, mining and smart contracts in their latest revisions.

TV Program to Educate the Public About Cryptocurrencies

Crypto Experts From Sanctioned Countries to Receive Training in CrimeaAnother educational initiative related to cryptocurrencies has been recently announced in Russia. Mir, an international broadcasting corporation with several Russian language TV channels, a radio station and an online outlet, is launching a new program that will inform viewers about digital coins, mining and other related technologies.

Mir was established by the members of the Commonwealth of Independent States (CIS) back in the early ‘90s. Now it broadcasts in 23 countries, including almost all of the former Soviet republics, the U.S., Switzerland, Germany, Israel, and other countries with large Russian-speaking diasporas.

The producers of the TV show ,called “Visiting the Numbers,” want to explain to their audience in simple terms what blockchain means, how cryptocurrencies are mined and how to invest in digital assets. The weekly program, which will be broadcasted on the Mir and Mir 24 channels, will cover the most important developments and current topics in the crypto space for viewers in the CIS countries and around the world.

What do you think about the new Russian educational initiatives? Share your thoughts on the subject in the comments section below.   


Images courtesy of Shutterstock.


Express yourself freely at Bitcoin.com’s user forums. We don’t censor on political grounds. Check forum.Bitcoin.com.

The post Crypto Experts From Sanctioned Countries to Receive Training in Crimea appeared first on Bitcoin News.

Bitcoin News

CNN

US at risk of losing war with Russia or China, experts warn

November 15, 2018 |

The Trump administration’s new National Defense Strategy is insufficiently resourced and the US runs the risk of a military defeat by China or Russia, according to a report by a congressionally mandated panel of bipartisan experts that was released Wednesday.
CNN.com – RSS Channel – World

L.A. loses bid for Amazon HQ2 and thousands of possible jobs. Here’s why some experts are relieved

November 13, 2018 |

When Amazon launched its HQ2 contest last fall, dangling a prize of 50,000 high-paid jobs and a $ 5-billion investment, some 238 North American cities and regions embarked on a mad scramble, serving up gobs of proprietary data, along with hefty tax breaks, to host the tech titan’s satellite headquarters.


L.A. Times – Business

Boeing Withheld Information on 737 That Crashed in Indonesia, According to Safety Experts and Others

November 13, 2018 |

Boeing withheld information about potential hazards associated with a new flight-control feature suspected of playing a role in last month’s fatal Lion Air jet crash, according to safety experts involved in the investigation, as well as midlevel FAA officials and airline pilots.
WSJ.com: US Business

Boeing Withheld Information on 737 That Crashed in Indonesia, According to Safety Experts and Others

November 13, 2018 |

Boeing withheld information about potential hazards associated with a new flight-control feature suspected of playing a role in last month’s fatal Lion Air jet crash, according to safety experts involved in the investigation, as well as midlevel FAA officials and airline pilots.
WSJ.com: What’s News Asia

The Daily: Security Experts Rank Exchanges by Safety, Malta Dominates Trade Volume

November 8, 2018 |

The Daily: Security Experts Rank Exchanges by Safety, Malta Dominates Trade Volume

In today’s edition of The Daily, we cover several different reports about the cryptocurrency ecosystem. The first was written by a cybersecurity firm that’s trying to identify the safest exchanges through which to trade. The second report offers a detailed breakdown of the market based on a host of different parameters, while another shows that corporations have abused the term “blockchain” so much that it has become poisonous.

Also Read: Israeli Central Bank to Hold off on Issuing Digital ‘E-Shekel’ Coin

And the Safest Exchange Is…

The Daily: Security Experts Rank Exchanges by Safety, Malta Dominates Trade VolumeGroup-IB, a Moscow-based cybersecurity firm, has developed a ranking system to grade cryptocurrency exchanges by the level of safety they offer clients. This is meant to provide insurers a way to decide what rates to offer clients that wish to insure their holdings on different exchanges.

“In the first place, we assess how crypto exchanges deal with crypto and fiat assets: what are the exchanges assets keys’ storage and management procedures,” a Group-IB spokesperson explained to TNW Hard Fork. “In some cases, with founders’ consent, the assessment includes penetration testing using social engineering methods aimed at the network compromise through the most vulnerable link at any organization — humans.”

According to the rankings, Okex, Huobi Pro, and Coincheck are among the least safe exchanges. Binance, Bitfinex, Bithumb, Bitmex, Localbitcoins, Myetherwallet and Poloniex rank above those exchanges, but Group-IB views Bittrex and Coinbase Pro as even safer. It ranks Kraken as the safest exchange.

The Current Industry Landscape

The Daily: Security Experts Rank Exchanges by Safety, Malta Dominates Trade VolumeBitmex Research has presented a report produced by Cryptocompare which offers a very detailed look at the exchange ecosystem. It reveals that Malta has been able to position itself as a global trading hub, as exchanges that are now legally based there produce the highest total daily trade volume, at just under $ 1.4 billion. The island nation is followed by South Korea, with about $ 840 million, and Hong Kong at approximately $ 560 million.

In terms of fiat pairs, the U.S. dollar represented 50 percent of BTC trading on average. The greenback was followed by the Japanese yen at 21 percent and the Korean won at 16 percent.

The report also shows that centralized exchanges continue to dominate trading. The combined average daily volume on the top five decentralized exchanges stands at just under $ 2.4 million, which is a mere 0.4 percent of total exchange volume.

Another interesting statistic from the report is that 11 percent of the top exchanges have been hacked in the past. And only one-third of the leading exchanges keep a majority of users’ funds in cold storage.

Blockchain Winter Is Coming

The Daily: Security Experts Rank Exchanges by Safety, Malta Dominates Trade VolumeBlockchain hype has been a constant feature of mainstream financial media coverage of the cryptocurrency space for about two years now. Many big companies that have wanted free exposure but lacked any connection to cryptocurrency have simply repackaged old database products as private blockchains. Others have simply claimed to launch pilot programs to put everything from vegetables to shipping containers on blockchains.

But now a new report by advisory firm Forrester (Nasdaq: FORR) concludes that “continued hype and unrealistic promises drive risk of a looming Blockchain Winter.” In fact, the research shows that companies are already switching out the term in exchange for “distributed ledger technology.” Now it remains to be seen how long companies will be able to milk “DLT” as a buzzword before moving on to the next one.

What do you think about today’s news tidbits? Share your thoughts in the comments section below.


Images courtesy of Shutterstock.


Verify and track bitcoin cash transactions on our BCH Block Explorer, the best of its kind anywhere in the world. Also, keep up with your holdings, BCH and other coins, on our market charts at Satoshi’s Pulse, another original and free service from Bitcoin.com.

The post The Daily: Security Experts Rank Exchanges by Safety, Malta Dominates Trade Volume appeared first on Bitcoin News.

Bitcoin News

Nike took a calculated risk with Colin Kaepernick ad, experts say

September 5, 2018 |

Nike Inc.’s decision to feature Colin Kaepernick in its latest “Just Do It” advertising campaign predictably blew up the internet.

In one video, Nike shoes were set on fire. John Rich, half of the country music duo Big & Rich, showed that his soundman had cut Nike’s iconic swoosh off his socks….


L.A. Times – Business