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Three young people are dead after sneaking in to an apartment complex pool, and so far what happened to them remains a mystery. The bodies of Abril Yuliana Flores-Ojeda, 15; Brian Manuel Benites, 16; and Luis Enrique Delgado-Romero, 21, were found in the Durham, NC, pool around 3:30am Tuesday,…
Wells Fargo not the only bank to have created unauthorized accounts — but regulator won’t identify othersJune 9, 2018 | dailybusinessnews
A federal bank regulator that has fined Wells Fargo more than $ 500 million over its creation of unauthorized accounts and other consumer abuses has found evidence of sales practice problems at other large and midsize banks — but is refusing to name those institutions.
The Office of the Comptroller…
Police officer and firefighters in Arkansas joined forces to help celebrate an autistic boy’s 15th birthday after only three people showed up to his party.
Illinois has ratified the Equal Rights Amendment a mere 36 years after the deadline for ratification, 46 years after it passed Congress, and 97 years after it was introduced. The amendment, which calls for men and women to have equal rights under state and federal law, was approved by 35…
If his TV was tuned to Fox News on Tuesday, President Trump surely didn’t like what he heard. Rep. Trey Gowdy, a Trump ally and chairman of the House Oversight Committee, appeared on the network to poke holes in Trump’s claim that the FBI planted a spy in his 2016…
Following the most recent school mass shooting – this time in Santa Fe, Texas, where 10 students and teachers were killed and 10 were wounded Friday – family members, friends and investigators find themselves searching for illusive answers.
A new demographic analysis of people trading in cryptocurrencies has brought up some intriguing results such as that only very few are female, most have little to no previous experience, and many are students or working in sales and marketing roles.
Understanding Trading Demographics
Market analysts for the social investing network and multi-asset brokerage, Etoro, have conducted a research of their vast user base to help the company better understand exactly who are bitcoin and cryptocurrency investors. Looking at data from March 2017 to February 2018, they surveyed the public profiles of those investing in cryptocurrencies using their systems, and extracted demographic insights from age to gender to job sector.
One interesting point emerging from the data is that an absolute majority of traders are new in the business with regards to having any investing experience. A whopping 81.96% are at the Novice level, 10.66% are defined as Intermediate level, and just 7.38% qualify as having an Advanced level of experience in the market.
Looking at the breakdown by occupation, it’s not surprising to see people working in the computer and IT services strongly represented at 15.05%, as well as the finance industry at 8.48%. Less expected is the high share of people working at sales and marketing involved in cryptocurrency trading at 14.49%. Additionally, about 30% of cryptocurrency traders are currently out of the job market, with 13.85% being students, 2.06% retired, and 14.74% just having no job.
Crypto Gender Imbalance
One demographic issue that keeps coming up with relation to cryptocurrency developers is the lack of female representation, and the same statistics seem to be true for traders. In fact, the data shows that less than a tenth of crypto traders are women, with just 8.5% market share compared with men’s 91.5%. While there could be other factors at play, bitcoin is located at the intersection of technology and finance, both fields that suffer from a severe gender imbalance, so the results are not all that surprising in that context.
Interestingly, the research also revealed that there are differences between the cryptocurrencies men and women prefer to trade, other than BTC which has 0% gender difference. It appears that Ripple’s XRP skews strongly into the female side, while ETC, BCH and LTC are firmly in male territory. In a note to investors, Senior Market Analyst at Etoro Mati Greenspan, summarized it all with a clear “Women Love ripple.”
Earlier this year, Etoro was among seven leading cryptocurrency companies operating in the UK that formed an independent trade body tasked with developing self-regulatory standards for the cryptocurrency industry and engaging policymakers. The other founding members of Crypto UK are Coinbase, Cex.io, Blockex, Commerceblock, Coinshares, and Cryptocompare.
How cloud the bitcoin community attract more female users? Share your thoughts in the comments section below.
Images courtesy of Shutterstock, eToro.
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The post Only 8.5% of Bitcoin and Cryptocurrency Traders Are Female appeared first on Bitcoin News.
A luxury hotel, offering breathtaking views of Caracas and the Caribbean coast, will be accepting only payments in Petro, Venezuela’s national cryptocurrency. According to President Maduro, the renovated Humboldt hotel is going to be the first seven-star property in his crisis-stricken Bolivarian Republic.
Luxury Priced in Petro
The Humboldt hotel is a landmark of Caracas, and is considered among the most interesting examples of XX century urban architecture. It’s located in the Waraira Repano National Park, between the capital and the Caribbean coastline of Venezuela.
The 19-story tower, built in the Avila mountain at 2,140 meters above sea level, offers a 360 view stretching to the horizon. Glass and aluminum cover the facade of the hotel which has 70 luxurious rooms and suits. Social areas, conference rooms, an indoor pool, and a cable car are available to guests who pay in Petro.
The hotel, which was built in 1956 on the initiative of the Venezuelan dictator Marcos Jiménez, was meant to be a part of the tourist and recreational complex connecting Caracas with its coastal area. At the time, Humboldt met the highest world standards in the hospitality industry. It had several first class restaurants, a disco with rotating dance floor, and even an ice rink. The hotel was closed, however, after Jiménez’s resignation in 1958 as a “symbol of the dictatorship”. In 1991 it opened doors thanks to an Italian investor, but in 2007 Hugo Chávez’s government nationalized it and closed it again.
President Nicolás Maduro, who took part in the latest reopening of Humboldt, claims it will be the first seven-star hotel in his troubled South American country. Moreover, it will also be the first to accept only payments in Petro. The oil-backed crypto was introduced by his administration as an alternative to the country’s fiat, the bolivar, after inflation exceeded 2,600% last year.
All services and extras at Humboldt will be priced exclusively in the state-issued cryptocurrency. According to the local newspaper Universal, visitors will be able to buy Petro from an exchange bureau in the hotel, renovated and operated by Marriott.
Crypto Exchange Points across Venezuela
Maduro also posted on Twitter images and video of his visit to the hotel saying, “We want the Humboldt hotel to become a model for the application of the Petro.” The president added that, “Tourism, sooner rather than later, should become the second largest collector of international wealth”. The socialist leader believes that tourism can be a locomotive for the Venezuelan economy and help pull the country out of the severe economic crisis.
“We are giving national tourism an architectural jewel,” Maduro said during the opening ceremony on Friday, which was broadcasted by VTV. The Venezuelan president also announced that soon a number of crypto exchange points will be opened across the country. He was reluctant to reveal too many details but noted that the project will be implemented in partnership between the Ministry of Tourism and large Venezuelan companies.
Some have questioned the promised seven-star rating of the renovated Humboldt hotel. While no universal international standard has been adopted yet, the five-star system is widely used around the world, with variations in the criteria for each level. Most luxury hotels are usually advertised as five-star venues. There are a few, though, that have claimed a higher rating. A notable mention in that respect is the Burj Al Arab hotel in Dubai offering a butler for every room and the world’s highest staff-to-suite ratio of 8 to 1. The property is the first to be widely referred to as a seven-star hotel.
Have you paid for hotel accommodation in cryptocurrency? Let us know in the comments section below.
Images courtesy of Shutterstock, Twitter (Nicolás Maduro).
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The post Sole Seven-Star Hotel in Venezuela to Accept Only Petro appeared first on Bitcoin News.
United Kingdom corporate research firm Gartner conducted a survey of nearly 300 Chief Information Officers (CIOs), in an attempt to separate hype from reality. The results are revealing, with a dismal 1% reporting “any kind of blockchain adoption within their organizations.”
Survey of CIOs Reveals More Blockchain Hype Than Adoption
A rather revealing survey of 293 CIOs conducted by English research outfit Gartner is attempting to suss out marketing campaigns from actual fact on the subject of blockchain usage among businesses.
Gartner Vice President David Furlonger explained, “This year’s Gartner CIO Survey provides factual evidence about the massively hyped state of blockchain adoption and deployment. It is critical to understand what [it] is and what it is capable of today, compared to how it will transform companies, industries and society tomorrow.”
Among some of the standout numbers: a whopping 77% of CIOs admitted their companies exhibited exactly no interest in the tech, nor have they plans to in the future; 8 percent claimed to be looking at interim planning or experimentation with it; and only “1 percent of CIOs indicated any kind of […] adoption within their organizations,” the survey detailed.
Mr. Furlonger continued, “The challenge for CIOs is not just finding and retaining qualified engineers, but finding enough to accommodate growth in resources as blockchain developments grow. Qualified engineers may be cautious due to the historically libertarian and maverick nature of the [tech’s] developer community.”
Numbers Point to Slow Going for Blockchain Adoption
Cheekily, Mr. Furlonger waxed how “Blockchain continues its journey on the Gartner Hype Cycle at the Peak of Inflated Expectations. How quickly different industry players navigate the Trough of Disillusionment will be as much about the psychological acceptance of the innovations that [it] brings as the technology itself.”
Furthermore, of those companies dabbling in the tech, 13 percent believed a complete restructuring of an information technology department would be the only way to bring along blockchain; 14 percent worried it would mean a large change of company culture; 23 percent indicated a host of new skills are required to meaningfully use it; and 18 percent noted knowledge of the tech is nearly impossible to find among potential employees.
“Blockchain technology requires understanding of, at a fundamental level, aspects of security, law, value exchange, decentralized governance, process and commercial architectures,” Mr. Furlonger insisted. “It therefore implies that traditional lines of business and organization silos can no longer operate under their historical structures.”
Industries inclined toward blockchain include financial services, of course, insurance, and telecommunications. The survey notes even public utilities, government agencies, and transportation sectors are exploring it for logistics and efficiency. “While many industries indicate an initial interest in [such] initiatives, it remains to be seen whether they will accept decentralized, distributed, tokenized networks, or stall as they try to introduce blockchain into legacy value streams and systems,” Mr. Furlonger stressed.
Do you think blockchain is the inevitable future so many business leaders claim? Let us know in the comments below.
Images via Pixabay, Gartner.
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The post Only 1% of Business CIOs are Actually Using ”Blockchain” Technology appeared first on Bitcoin News.
The house at 3635 Pitch Pine Crescent in Mississauga, a city near Toronto, had been home to Bill and and Bridget Harrison since 1975—and it was the place where they and their adoptive son, Caleb, would all eventually die. In April 2009, Bridget—a “celebrated” teacher, principal, and then…