RETAIL STOCKS RALLY: Here's what you need to know
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Business Insider, 1/1/0001 12:00 AM PST
Shares of retailers including some traditional brick-and-mortar stores extended Black Friday's rally into Cyber Monday. US retailers brought in a record $7.9 billion in online sales on Black Friday and Thanksgiving, a 17.9% surge from the prior year, according to Adobe Analytics. The broader equity indexes closed little changed. Here's the scoreboard:
Additionally: Morgan Stanley forecasts volatility will make a comeback in 2018 George Soros' former right-hand man sold his 20-acre estate for $25 million Blockchain could soon power stock markets, music sales, and health records — here's how it works The next 2 weeks could make or break Trump's first year as president Snap hits its best levels since its earnings disaster |
Coinbase Becomes #1 Trending Apple App Amid Record-Setting Bitcoin Price Rally
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CryptoCoins News, 1/1/0001 12:00 AM PST Bitcoin's mainstream appeal pushes Coinbase atop the App Store's trending list. The post Coinbase Becomes #1 Trending Apple App Amid Record-Setting Bitcoin Price Rally appeared first on CryptoCoinsNews. |
Roku soars 13% after a Wall Street analyst says it could compete with Netflix (ROKU, NFLX)
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Business Insider, 1/1/0001 12:00 AM PST
The price pop came just hours after Needham analyst Laura Martin gave the stock a price target of $50 — 10% above Wall Street’s consensus target of $45, according to Bloomberg data. "Like Netflix, we view Roku as a pure-play on over-the-top (OTT) TV-viewing growth, but Roku has no content risk," Martin said. "Recent announcements and press reports that Disney, Google, Amazon, etc. are launching new Over-The-Top services helps ROKU but hurts NFLX." Netflix, which Martin says is Roku’s closest competitor, could be the victim if production companies like Disney opt to build their own streaming services rather than license content to third parties. Disney announced earlier this year it would pull its content from Netflix for its own service, to be priced much lower than Netflix. Roku’s founder and CEO, Anthony Wood, became a billionaire earlier this month after shares doubled in just three days after the company crushed its first earnings report as a public company. He owns 27.3% of the company. The stock is now just 9% away from topping its record of of $48.80, which it hit on November 14. Shares of Roku are up 89.55% since its IPO on September 27.
Join the conversation about this story » NOW WATCH: We just got a super smart and simple explanation of what a bitcoin fork actually is |
Elon Musk May Be the Creator of Bitcoin, a Former SpaceX Intern Theorizes
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Entrepreneur, 1/1/0001 12:00 AM PST Could the CEO of Tesla and SpaceX have created the biggest cryptocurrency as well |
$30 Million: Credit Suisse Predicts Square App Revenue Gains Due to Bitcoin
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CryptoCoins News, 1/1/0001 12:00 AM PST […] The post $30 Million: Credit Suisse Predicts Square App Revenue Gains Due to Bitcoin appeared first on CryptoCoinsNews. |
Scriptless Scripts: How Bitcoin Can Support Smart Contracts Without Smart Contracts
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Bitcoin Magazine, 1/1/0001 12:00 AM PST Bitcoin’s capacity is limited. Meanwhile, smart contracts can be resource intensive. So even though Bitcoin has always supported basic smart contract functionality, the two have never been a natural match. But a recent topic of research spearheaded by Blockstream mathematician Andrew Poelstra could help fix this. Recently presented as key part of his presentation at Scaling Bitcoin Stanford, “Scriptless Scripts” have the potential to completely move certain smart contracts off of Bitcoin’s blockchain — while still leveraging all of Bitcoin’s security. Bitcoin and Smart ContractsSmart contracts, first proposed by digital currency veteran Nick Szabo in the 1990s, are essentially self-executing contracts. Most typically, they send money from someone to someone else if specific conditions are met. For example, if someone streams a song, a payment is automated from the streamer to the artist. While smart contracts are often associated with “second generation” blockchains like Ethereum, Bitcoin has always supported basic smart contracts, too. In a way, any Bitcoin transaction is technically a smart contract: Funds are typically moved on the condition that a valid cryptographic signature is provided. Slightly more advanced smart contracts — such as multisig and timelocks — are used to enable second-layer protocols like the Lightning Network. But there are problems with blockchain-based smart contracts. For one, as they grow more complex, they require more resources to execute. This is especially problematic because all nodes on the network need to execute the contract — not just the parties involved with the contract itself. This network-wide execution also means that the parties involved have no privacy regarding what their smart contract entails: The entire network will know exactly what it looks like. By extension, this is bad for fungibility as well. If the smart contract is unpopular for some reason, the funds involved — publicly visible on the blockchain — are tainted. As smart contracts become more complex, they can even become a security risk. Alternative software implementations might, for example, interpret details of contracts slightly differently, making it harder to keep all nodes on the network in consensus. And potential bugs in these smart contracts are public as well, which increases the chance of hacks. But Poelstra, among others, thinks that many of these problems can be solved by actually moving the bulk of contracts off of the blockchain. Instead of having all nodes on the network calculate the entire smart contract, only the parties involved with the contract should perform this function. The trick is to ensure that the rest of the network does still correctly enforce the outcome of the contract: The payment must only be made if the required conditions are met. SchnorrPoelstra originally began researching “Scriptless Scripts” (a phrase he also coined himself) in the context of the Mimblewimble protocol. This stripped down version of Bitcoin offers more privacy and better scalability but does not support script: the bits of code embedded in Bitcoin transactions that allow for most basic smart contract features. So, Poelstra figured out how to get the utility offered by scripts without actually requiring them on the blockchain: Scriptless Scripts. The key to Scriptless Scripts is that (fairly) regular cryptographic signatures can indirectly reveal something that’s not part of the transaction that includes the signature. In other words, when someone signs to validate an ordinary Bitcoin transaction, it holds that a smart contract that is not hosted on the blockchain still executes faithfully. This is made possible with Schnorr signatures. These types of signatures are not yet implemented on the Bitcoin protocol, but it is possible that they could be deployed within a year or so from now. Schnorr signatures allow for signature aggregation; several signatures can be mathematically combined into a single signature. And, importantly for this use case, this math is “linear.” This basically means it’s possible to perform relatively straightforward but very expressive math on these signatures. Oversimplified, it works something like this: Private keys and signatures are, of course, really just numbers, where the latter is derived from the former. Since this is a simplified example, let’s say one private key looks like 10, and half of the Schnorr signature derived from that private key looks like 10000. And the other private key looks like 15, with the second half of the Schnorr signature looking like 15000. In this simplified example, the Schnorr signature would then look like 25000 (or 10000 + 15000). And since both halves of the signature are just numbers, it’s possible to perform math between them. For instance, in this simplified example, the difference between these halves is 5000 (or 15000 – 10000). While the reality is more complex, Schnorr’s linearity allows for several of these kinds of math “tricks.” The Smart ContractNow let’s say that a streamer wants to listen to a song by an artist. The artist has the right to this song, and it will play for the streamer if (and only if) the artist's signature is provided to a server where the song is hosted. Since we’re simplifying, let’s say that this “song signature” looks like 7000. The streamer is willing to pay the artist one bitcoin for this song signature, to listen to the song. (He wants to listen to the song really badly.) In this simplified example, the streamer and the artist can automate this trade by doing two things. First, they create a fairly normal Bitcoin transaction that sends one bitcoin from the streamer to the artist, if the streamer and the artist both provide their half of a Schnorr signature to create a full Schnorr signature. (In reality, this step requires some extra safety precautions to ensure no one loses money, but it is relatively simple.) The next step is where it gets a bit more complex. The artist knows what her half of the Schnorr signature looks like; since we’re simplifying, let’s say it looks like 8000. And she knows what her song signature looks like: 7000. As such, she can calculate the difference between these two: 1000. This is called the adaptor signature. The artist then hands this adaptor signature — 1000 — to the streamer. Here’s where the cryptographic magic happens. By modifying the ordinary signature verification method, the streamer can actually verify that the adaptor signature he just received (1000) is indeed the difference between the artist's half Schnorr signature and her song signature — even though the streamer does not have access to either signature yet. (And thanks to cryptographic tricks called “zero-knowledge proofs,” something like this can actually be done in a surprisingly broad range of scenarios, not just in signatures as this example portrays.) Now, having verified that the adaptor signature (1000) checks out, the streamer can, in turn, give his half of the Schnorr signature to the artist because once the artist uses the streamer’s half to create a full signature and broadcasts this over the Bitcoin network, she automatically reveals her half of the Schnorr signature (8000) to the streamer as well. Using the artist’s half of the Schnorr signature, the streamer can now subtract the adaptive signature: 1000. By subtracting the adaptive signature from the artist’s half Schnorr signature (8000 – 1000) the streamer indeed learns the artist’s “song signature”: 7000. And now he can listen to the song. In other words, by broadcasting the transaction that pays her one bitcoin, the artist automatically sells the streamer the signature: a smart contract. From the perspective of the blockchain — that is, the rest of the world — the transaction is quite regular. Nothing about the smart contract, other than the “settlement transaction,” is ever recorded on the blockchain. No one will ever know that an underlying contract was executed — never mind what song the streamer listened to — and the contract-related data never needs to be calculated or stored by anyone other than the parties involved. To see Poelstra’s Scaling Bitcoin presentation that includes Scriptless Scripts, “Using the Chain for What Chains Are Good For”, click here. An alternative, in-depth explanation of Scriptless Scripts was published by JoinMarket developer Adam “Waxwing” Gibson and can be found here. The post Scriptless Scripts: How Bitcoin Can Support Smart Contracts Without Smart Contracts appeared first on Bitcoin Magazine. |
As Price Eyes $10,000, Bitcoin Faces 'Mainstream' Moment
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CoinDesk, 1/1/0001 12:00 AM PST As bitcoin nears $10,000, CoinDesk compiles perspectives on the technology and where its insiders think the market's headed. |
Bitcoin is a Safe Haven from the Financial System Collapse: Analyst
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CryptoCoins News, 1/1/0001 12:00 AM PST […] The post Bitcoin is a Safe Haven from the Financial System Collapse: Analyst appeared first on CryptoCoinsNews. |
What you need to know on Wall Street today
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Business Insider, 1/1/0001 12:00 AM PST Welcome to Finance Insider, Business Insider's summary of the top stories of the past 24 hours. Sign up here to get the best of Business Insider delivered direct to your inbox. A war has broken out for control of the top consumer watchdog agency. The ongoing brouhaha over who is the rightful interim leader of the Consumer Financial Protection Bureau spilled over into Monday morning, as the two people separately tasked with leading the independent agency sent dueling emails asserting their authority. Leandra English, whom the outgoing bureau chief named acting director, filed a lawsuit on Sunday to assert her authority. Meanwhile, Mick Mulvaney, the White House budget director whom President Donald Trump wants to lead the bureau, told CFPB staffers to ignore any directives from English. On Monday, Mulvaney showed up to the CFPB with donuts for his prospective new employees. As the battle for the role plays out, chaos at the CFPB could be devastating for consumers, writes Pedro da Costa. Holiday retailers are surging as online spending for Black Friday and Cyber Monday hits a record. That's not the only record set by the annual shopping bonanza: Gun background checks in America set a new record on Black Friday. Despite all that, Black Friday is dead — long live Black November. In other news:
Lastly, here's how flying first class across the US on American Airlines stacks up against coach. Join the conversation about this story » NOW WATCH: This is what you get when you invest in an initial coin offering |
This New Scaling Layer Could Make Payment Channels Ten Times More Effective
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Bitcoin Magazine, 1/1/0001 12:00 AM PST There is no disputing the fact that the Bitcoin network has scalability problems. Micropayment channels are a solution to increase the transaction rate and speed. Yet, this is not the golden solution … This micropayments solution needs a fixed amount of funds to be locked into each channel’s multisignature wallet and requires a transaction for each channel creation and closure. This hinders the Blockchain network from upscaling to a global payment system because Bitcoin’s capacity is limited. A recently published research paper by a university in Zurich suggests implementing a new layer in between the blockchain and payment channels that enables off-blockchain channel funding to reduce stress on the Bitcoin blockchain. What Are Micropayment Channels?The paper mentions two challenges: “Micropayment channel networks create new problems, which have not been solved in the original papers. We identify two main challenges — the blockchain capacity and locked-in funds.” Before we go any further into this proposed solution, it is essential to understand the concept of micropayment channels. Bitcoin’s blockchain network doesn’t allow you to send many micropayments of tiny amounts of bitcoin. Bitcoin’s block weight limit caps this at less than 10 transactions per second, on average. Payment channels let users lock up a fixed amount of funds in a multisignature wallet controlled by the client and receiver. A channel can be opened by sending a transaction to the blockchain. Next, an unlimited amount of payments can be made between the client and receiver. These payments are performed off-chain and only exist between both participants. Once a channel is closed, a final transaction containing end balances will be sent out to the Bitcoin network. This is the base implementation of micropayment channels; a more evolved implementation is the lightning network, which allows bidirectional payment channels. Reducing many hundreds, thousands or even more transactions to just two transactions per channel are a drastic improvement. Still, it is not enough for bringing the Bitcoin network to the level of a world-wide payment system. A channel can only exist between two participants. So, if each person in a group of 20 wants to open five channels, this will require a lot of transactions — 200 to be exact. Besides that, there is no solution for when the amount of locked funds is exceeded for a specific channel. Proposed SolutionThe paper tells us about a new layer: “We introduce a new layer between the blockchain and the payment network, giving a three layered system ... The new second layer consists of multi-party micropayment channels we call channel factories, which can quickly fund regular two party channels.” The paper suggest a three-layered system in which the first and third layers already exist. The first layer locks the funds, and the third layer performs the actual transfers of currencies. The new second layer can be seen as a channel factory. It is responsible for creating multi-party micropayment channels and quickly refunding wallets when they are almost depleted. The paper calculated a savings of up to 90 percent for a group of 20 nodes with 100 channels in between them. Instead of sending a blockchain transaction for each channel creation or closure, the paper suggests a system where just one transaction is needed to open multiple channels without further blockchain contact. Funds are locked into a shared wallet between a group of nodes instead of a specific channel. Furthermore, funds can be moved between groups with just an attached message with further details such as a receiver address. All of this happens off-blockchain. The only addressed risk is that a user within a group can close the channel factory: the second layer. This induces a higher mining fee because more blockchain space is used. While this is not a big risk — a user won’t gain personal advantage by doing so — it does limit the usefulness of large groups. Next, it is possible that the receiver doesn’t sign a transaction. The paper introduces the use of either timelocks or punishments for dishonest parties. They will focus on timelocks because they think it performs much better. After a timelock has elapsed, the current status of the channel will be broadcasted to the blockchain and the channel will be closed; no punishment is applied. There is no risk in securing the funds. The multisignature wallet has a many-to-many constraint containing all signatures of the involved actors. Funds can only be spent when all actors have signed the transaction, so no one can be deprived of funds without signing for it themselves. The post This New Scaling Layer Could Make Payment Channels Ten Times More Effective appeared first on Bitcoin Magazine. |
Bitcoin Price Analysis: Bitcoin Tests Parabolic Trend After 25% Weekly Growth
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Bitcoin Magazine, 1/1/0001 12:00 AM PST Over the last 7 days, bitcoin has seen further, rapid growth as it manages to squeeze a $2,000 rally leading into its current all-time high in the $9700s — a staggering 25% growth in 7 days. As discussed in previous bitcoin market analyses, the bitcoin market has progressed in a parabolic envelope:
As of the time of writing this article, the current bitcoin market has broken its linear channel (outlined in purple) and is now testing the upper boundary of the parabolic envelope. As we approach the end of the parabolic envelope, the swings in price will become more sudden and more severe as the market attempts to remain within the constraints of its parabolic trend. As the upper limit of the parabolic trend advances, the lower limit also advances. Currently, all eyes are on this parabolic trend as individuals are trying to time the top of the market only to have their positions liquidated time and time again. It’s never advisable to try and time the top of a parabolic market because the upper boundary that confines the market is growing in a parabolic fashion.
Figure 2 above shows a closer view of both the parabolic and linear trendline outlined in Figure 1. This image shows a textbook, 161% Fibonacci Extension from the previous all-time high where it ultimately found resistance on the parabolic envelope. The move that led to the current all-time high was sudden and doesn’t offer much support below the current values. If bitcoin retraces, we can expect support to line on the linear trendline outlined in purple, and the 100% retracement values in the $7900s. However, if bitcoin manages to break these parabolic trend values and find support or continue upward, bitcoin could see prices as high as $12,000 (the next set of fibonacci extension values). It should be noted that a breaking of this parabolic envelope would mark a breakout of the 2.5 year long parabolic trend outlined in Figure 1. To date, we have yet to break above the parabolic envelope. Historically, when bitcoin encounters the parabolic trendlines, the market sees either a bearish reversal (if touching the upper curve) or a bullish reversal (if touching the lower curve). Right now, bitcoin is still in the waiting period as the market decides what the next move will be. Summary:
Trading and investing in digital assets like bitcoin and ether is highly speculative and comes with many risks. This analysis is for informational purposes and should not be considered investment advice. Statements and financial information on Bitcoin Magazine and BTC Media related sites do not necessarily reflect the opinion of BTC Media and should not be construed as an endorsement or recommendation to buy, sell or hold. Past performance is not necessarily indicative of future results. The post Bitcoin Price Analysis: Bitcoin Tests Parabolic Trend After 25% Weekly Growth appeared first on Bitcoin Magazine. |
Why planes don't fly during a volcanic eruption
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Business Insider, 1/1/0001 12:00 AM PST
The eruption of the volcano located on the northeastern edge of the island sent ash 13,000 feet into the atmosphere with plumes reaching as high as 20,000 feet, Reuters reported. As a precaution, flights into and out of Denpasar Airport have been grounded until at least Tuesday. Why? Because volcanic ash can wreak havoc on commercial airliners. The most famous run in between a plane and a volcano occurred on June 24, 1982, when British Airways Flight 009 inadvertently flew through an ash cloud emitted by an erupting Mount Galungung. At the time, the Boeing 747 was cruising at 37,000 feet on its way from Kuala Lumpur, Malaysia to Perth, Australia when the flight's Captain was notified of an electric discharge called a St. Elmo's Fire that enveloped the plane's engines in an odd glow. In fact, the discharge enveloped all of the 747's leading edges. Almost immediately, the jet's engines began to fail and the cabin filled with a sulfuric smoke. Soon, all four engines failed, leaving the jumbo jet to glide along while the pilots worked to restart them. The plane lost 25,000 feet of altitude before the pilots got the engines restarted at 12,000 feet. It was later discovered that molten ash had clogged up the jumbo's four Rolls-Royce turbofan engines. By the time the plane reached 12,000 feet, the ash had cool, solidified, and broken off; allowing the engines to start again. But the ash had also caused other issues for the pilots. Even with the engines restarted, poor visibility made flying difficult. The ash had been effectively sandblasting the plane at 350 mph which turned the front windows nearly opaque. Fortunately, the pilots were able to land at Jakarta Airport using a side window. All 248 passengers and 15 crew on board the plane made it to safety. All four engines, as well as the 747, were severely damaged as a result of the incident. In 1989, KLM experienced a similar incident when one of its 747-400s suffered quadruple engine failure after flying through an ash cloud emitted by Mout Redoubt in Alaska. Again, the flight was able to restart its engines after descending to 13,000 feet and make an emergency landing in Anchorage. Fortunately for those of us flying, airlines have learned their lesson. Flying near volcanic eruptions is dangerous for everyone involved and very expensive to for the airlines. SEE ALSO: The CEO of the oldest airline in the world explains the major mistake the industry made 20 years ago FOLLOW US: on Facebook for more car and transportation content! Join the conversation about this story » NOW WATCH: Why this New York City preschool accepts bitcoin but doesn't accept credit cards |
Bitcoin Price Rally Has Been 'Amazing' Says Nuveen's Bob Doll
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CoinDesk, 1/1/0001 12:00 AM PST Bitcoin "feels speculative," according to the chief equity strategist for Nuveen Asset Management. |
Bitcoin Price Rally ‘Amazing’ But ‘Speculative’: Wall Street Strategist
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CryptoCoins News, 1/1/0001 12:00 AM PST […] The post Bitcoin Price Rally ‘Amazing’ But ‘Speculative’: Wall Street Strategist appeared first on CryptoCoinsNews. |
Chaos at the top of the government's consumer watchdog could be 'devastating' for Americans
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Business Insider, 1/1/0001 12:00 AM PST
President Donald Trump has a knack for naming men to head agencies they previously wanted to destroy. There’s Rick Perry at the Department of Energy, Scott Pruitt at the Environmental Protection Agency, and now the latest — the president has appointed his own budget director, Mick Mulvaney, to head the agency after Richard Cordray stepped down as its chief. This is a man who, while still in Congress, told a House hearing: "I don’t like the fact that CFPB [Consumer Financial Protection Bureau] exists, I will be perfectly honest with you." Beyond a political row that’s going to court over whether or not Trump gets to name the interim chief, rather than the position simply being filled by a deputy, the move is a clear sign that Trump views post-crisis consumer protections as superfluous. "The consequences of that for the American people will be devastating," Dennis Kelleher, president of Better Markets in Washington, told Business Insider. The CFPB was the brainchild of Massachusetts Senator Elizabeth Warren, who argued that financial products that could cause vast social harm should be tested out before being widely offered in the same way that food and pharmaceutical products are. "The CFPB is vital for the protection of investors and consumers as well as for financial stability," he said. "While everyone understands the imperative to protect consumers and punish lawbreakers, few understand that predatory conduct is often the springboard for financial instability and crashes. This is what happened in the years before the 2008 financial crash." Wall Street loves this, which is not surprising given that Trump has surrounded himself with bankers as advisors, including former Goldman Sachs bankers Steven Mnuchin, now Treasury Secretary, and Gary Cohn, head of the National Economic Council. Before the financial crisis, banks were shoveling out mortgages with little focus on risk-assessment and credit monitoring, because Wall Street was making far too much money to be asking any hard questions. Regulators, including the Federal Reserve and others, let it happen. "Financial predators ripped off unsuspecting and unprotected mortgage consumers who were victims of egregious fraud,” Kelleher said. "The risk of that happening again, albeit in a new and different form, is virtually assured as the Trump administration on behalf of the financial industry is almost certainly going to cripple the CFPB." Isaac Boltansky of Compass Point reaffirmed that sentiment in a research note to clients: "Under new leadership, the CFPB's rulemaking efforts will grind to a halt and its enforcement agenda will dramatically diminish." Unfortunately, we've seen this movie all too recently — and few people enjoyed the ending. Join the conversation about this story » NOW WATCH: Why Nintendo is dominating like the old days |
Bad spending habits that rich people always avoid
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Business Insider, 1/1/0001 12:00 AM PST After studying hundreds of people both rich and poor, author Tom Corley says these are the bad spending habits that rich people always avoid. Following is the transcript of the video. Tom Corley: There are some bad spending habits that the rich people avoid and that unfortunately poor people and middle-class people have. This is Tom Corley, I am the researcher behind the rich habits study. The rich habits study is really a five-year study of 233 millionaires, 128 poor people, and what I found out was that wealth, success, being in the middle class, being poor, is all about your habits. Emotional purchases. These are “oh I love that beautiful red dress or that cute sports car” and you make this emotional purchase and often times it causes you to go into debt if they're a big purchase but if not then you are depleting your savings account your checking account. Spontaneous purchases are also a poor habit. That's something the rich avoid, well, this is the very reason why at the checkout counters they have all of these goodies for people to buy. The retailer's know that the human brain works off of impulse many times and they’ll make this spontaneous purchase and they add up and they could really cause a lot of damage. That leads to the last one which is living below your means. You want to spend modestly. One of the smartest things you can do is to purchase a modest house in a modest neighborhood. This means you're not only going to have a lower mortgage, you are going to have lower real estate taxes, you're going to have lower utility cost, lower home repairs. One good decision like that and it has a ripple effect throughout your spending. So those are a couple of the bad habits to avoid. |
Addressing Healthcare Inefficiencies and Costs Through Robomed Network
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Bitcoin Magazine, 1/1/0001 12:00 AM PST The effective management of costs and efficiencies is a vital element for ensuring high-functioning healthcare systems. Nowhere is this trend being more closely watched than in the U.S. and U.K. According to a 2015 report by the Center for Medicare and Medicaid Services, the most recent year for which data is available, total expenditures on healthcare in the United States was $3.2 trillion, approximately 17.8 percent of the nation’s gross domestic product (GDP). Fortune Magazine reported this year that the U.S. “spends more on healthcare than any other economically comparable country.” In the U.K., the news is similar. According to a new analysis curated by two leading thinktanks and published on the British Medical Journal’s website, Britain coughed up a larger percentage of its GDP on healthcare than the European and OECD averages. These troubling developments have led to the genesis of Robomed Network, a Russian startup that aims to utilize blockchain technology to develop a consumer-centric medical network to overcome the rigor mortis plaguing today’s global healthcare industry. The company was founded by Philipp Mironovich and Ivan Devyatkov, two veterans of the healthcare sector. The company is bolstered by a team of highly respected advisors possessing decades of experience in the space. At present, Robomed is in the throes of deploying smart contracts in an effort to reshape the medical industry through a decentralized medical model. In light of rising costs, inefficiencies and red tape currently plaguing these medical system, Robomed is placing its bets on the revolutionary advancements of blockchain technology to streamline and repurpose current models of healthcare worldwide. All of this comes on the heels of blockchain experimentation in shipping, food, manufacturing and other industries seeking to boost process efficiencies and reduce costs. Robomed hopes to create similar value-based solutions for healthcare by employing a smart contract approach. A Network-Based Ecosystem The structural undergirding of the Robomed Network consists of a medical ecosystem driven by a blockchain token with the purpose of delivering the most effective patient care possible. This ecosystem functions with the intent of bridging the gap between medical providers and patients through smart contracts. The end game is to repurpose the prevailing medical service-oriented model into one that’s more patient-centric. “It is estimated that doctors are making mistakes in their diagnosis in 15 percent of cases (one out of six patients are misdiagnosed). Even if in most cases it doesn’t result in serious harm to the patient, it has an impact on health costs,” commented Caroline Maslo, M.D., medical expert at Robomed Network team. “The Robomed system assist the doctor in making the correct diagnosis and once the diagnosis is made, ensures the patient to have the best care according to the most recent internationally validated guidelines.” The white paper executive summary which appears on the Robomed website notes that, prior to tokenization, Robomed had three software products developed, 20 clinics connected, 1.7 million clients in their database and 2,900 clinical guidelines digitized. “Smart contracts facilitate medical negotiations between patients and physicians from a clinic,” said Mironovich. “The patient does not acquire something unknown but concrete health results. The smart contract consists of clinical recommendations for treatment where every disease requires a concrete list of actions.” In an effort to accelerate the company’s development trajectory, Robomed launched an initial coin offering (ICO) began on November 19, 2017 and lasting till December 19, 2017. This ICO is open to the global public and includes the sale of RBM tokens, the presale has already exceeded $2 million soft cap. The RBM token is an Ethereum-based token that empowers users to vote and unlock the value of medical services within the Robomed Network. The token can be accepted as payment for medical services rendered by participating medical providers. Member clinics of the Robomed Network are required to honor the RBM token as payment for medical services provided during a patient appointment. With technological advancements occurring at such a rapid pace, it’s easy to get caught up in the hype around making healthcare more affordable. This is particularly true with the numerous benefits being discussed with respect to blockchain technology. While the Ethereum-centric blockchain and the smart contracts it supports continue to confront a bevy of unanswered questions and uncertainty amid promising possibilities, Robomed is banking on its development of solutions that will fundamentally shift critical cost and efficiency elements of the global healthcare landscape. Note: Trading and investing in digital assets is speculative. Based on the shifting business and regulatory environment of such a new industry, this content should not be considered investment or legal advice. The post Addressing Healthcare Inefficiencies and Costs Through Robomed Network appeared first on Bitcoin Magazine. |
Tim Draper Reaps Over $110 Million With his 2014 Bitcoin Investment
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CryptoCoins News, 1/1/0001 12:00 AM PST In a 2014 interview, billionaire investor Tim Draper predicted the bitcoin price to surpass $10,000 in three years. The post Tim Draper Reaps Over $110 Million With his 2014 Bitcoin Investment appeared first on CryptoCoinsNews. |
A top hedge fund recruiter explains what still surprises her after 15 years in the industry
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Business Insider, 1/1/0001 12:00 AM PST
She recruits top-level talent for the world’s most prestigious investment firms, including hedge fund managers, family offices and private equity funds. Weinstein recently sat down with Business Insider’s hedge fund reporter, Rachael Levy, for a wide-ranging interview about the industry. She says there are still things that surprise her, even after 15 years of recruiting for every aspect of the industry. Weinstein says people are scared of change, even when it could greatly benefit them. Here’s more from the interview:
You can read the full interview with Ilana Weinstein here. SEE ALSO: We asked a top hedge-fund recruiter what it takes to get a senior-level job these days Join the conversation about this story » NOW WATCH: We just got a super smart and simple explanation of what a bitcoin fork actually is |
Short-Lived Shine? Bitcoin Gold Could Revisit Sub-$300 Levels
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CoinDesk, 1/1/0001 12:00 AM PST Bitcoin gold may have leapt up in the token rankings, but its gleam may soon dull, the price charts indicate. |
That Missing Hard Drive with 7,500 Bitcoins is Now worth $72 Million
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CryptoCoins News, 1/1/0001 12:00 AM PST There's a missing hard drive waiting to be found in a landfill. It's contents - $72 million in bitcoin. The post That Missing Hard Drive with 7,500 Bitcoins is Now worth $72 Million appeared first on CryptoCoinsNews. |
Bitcoin Price Tops $10,000 on Korean Exchanges
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CoinDesk, 1/1/0001 12:00 AM PST The price of bitcoin is trading above $10,000 at several South Korea-based bitcoin exchanges, market data reveals. |
A Crypto Crystal Ball? What If Traders Settled Bitcoin Forks
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CoinDesk, 1/1/0001 12:00 AM PST Researchers are trying to improve prediction markets as potentially valuable tools for measuring community support or opposition to protocol changes. |
Here's a super-quick guide to what traders are talking about right now
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Business Insider, 1/1/0001 12:00 AM PST
Dave Lutz, head of ETFs at JonesTrading, has an overview of today's markets.
Here's Lutz:
Here are the 10 things you need to know today.SEE ALSO: 10 things you need to know before the opening bell Join the conversation about this story » NOW WATCH: One type of ETF is taking over the market |
Here's a super-quick guide to what traders are talking about right now
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Business Insider, 1/1/0001 12:00 AM PST
Dave Lutz, head of ETFs at JonesTrading, has an overview of today's markets.
Here's Lutz:
Here are the 10 things you need to know today.SEE ALSO: 10 things you need to know before the opening bell Join the conversation about this story » NOW WATCH: The stock market is flashing warning signs |
DEUTSCHE BANK: There's a chance Britain won't get a transition deal before companies trigger their doomsday Brexit plans
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Business Insider, 1/1/0001 12:00 AM PST
Writing in a "Brexit update" to clients, Deutsche Bank's Oliver Harvey and Mark Wall argue that securing a transition deal — whereby the UK has a period of adjustment as it leaves the EU — by the start of 2018 will be "easier said than done," thanks to the limit amount of negotiation time available to both sides. "The UK hopes to wrap this [a transition deal] up by early next year, thereby reduce the need for businesses to start implementing contingency plans for a 'cliff edge' Brexit in the first quarter. As we argue in these notes, this is likely to be easier said than done," Harvey and Wall wrote in a note dated November 23. Jobs, companies, and capital are all expected to flee the UK, and potentially even Europe, unless a deal is struck soon, as companies need at least a year, and possibly as long as 18 months, to establish new subsidiaries on the continent that will allow them to continue operating across the bloc after Brexit. Without some clarity over a transitional deal, firms are likely to trigger their worst case scenario plans, most of which — especially in the case of financial services firms — are believed to include large scale staff shifts. Deutsche Bank's team provides three reasons for the bank's pessimism about securing a transition deal in enough time to stop the worst case scenarios of major companies being triggered. First, Harvey and Wall cite a "lack of legal certainty," in any deal. "If transitional arrangements are negotiated as part of Article 50 agreement, they will not be legally binding until the whole deal is signed off by the EU Council and Parliament after October next year," they write. "The EU negotiating guidelines make clear that: 'nothing is agreed until everything is agreed.' The deal must also pass a vote in the House of Commons, expected late next year." Secondly, the pair argue that the sequencing of Brexit talks could cause major issues. That's because the UK and EU negotiating teams are on different pages when it comes to how any transition is agreed. "The UK government is seeking a provisional agreement on transition early in the New Year. But this implies that transition can be agreed without an outline of a future relationship," Deutsche Bank writes. The EU side, on the other hand, is believed to want to conduct transition talks in parallel with those on the post-transition relationship. This could lead to friction, which might delay any transition arrangement being agreed. Finally, Deutsche Bank believes that the difficulty of securing the final Brexit deal could hinder the agreement "Under the current structure of the talks transition is only possible with agreement on a future relationship. This may prove the most troublesome part of all the Brexit negotiations," Wall and Harvey say. Here's the bank once again: "Prime Minister May is seeking an ambitious free trade agreement with the EU27 in which the UK would leave the Single Market and customs union but retain similar levels of access to EU markets in goods and services. By contrast, the EU27 have emphasized that only two options are on the table: EEA membership in which the UK would remain subject to EU lawmaking, or a limited free trade deal modeled on the recent CETA agreement." Issues around the transition deal are likely to have the biggest impact on financial services firms which rely heavily on international staff and carrying out business across borders. Banks need to make final decisions about moving staff by the first quarter of next year at the latest. Banks need at least a year, if not longer, to set up fully functioning branches and subsidiaries in Europe to maintain uninterrupted EU activities. Without some clarity over future arrangements, banks will look to their worst case contingency plans, which are generally believed to involve large scale staff moves. Under current rules, Britain is under the jurisdiction of the so-called financial passport — a set of rules and regulations that allow UK based financial firms to access customers and carry out activities across Europe. Many non-EU lenders use the passport to operate a hub in the UK and then sell services across the 28-nation bloc. Once Britain leaves the EU, however, it is almost certain to lose passporting rights, which are tied strongly to membership of the European Single Market, a marketplace the UK intends to leave as part of Brexit. This means that to continue providing clients with comprehensive services across the EU after Brexit, many lenders will need new branches. Join the conversation about this story » NOW WATCH: We just got a super smart and simple explanation of what a bitcoin fork actually is |
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$9,771: What’s Driving Bitcoin Price to New All-Time Highs?
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CryptoCoins News, 1/1/0001 12:00 AM PST […] The post $9,771: What’s Driving Bitcoin Price to New All-Time Highs? appeared first on CryptoCoinsNews. |
$10,000 Today? Bitcoin Price Primed to Break Psychological Barrier
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CoinDesk, 1/1/0001 12:00 AM PST With sentiment more bullish than ever, bitcoin prices look likely to test $10,000 levels – and perhaps beyond. |
10 things you need to know before the opening bell (SPY, SPX, QQQ, DIA, AMZN, M, TIME, MDP)
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Business Insider, 1/1/0001 12:00 AM PST
Here is what you need to know. Black Friday online sales hit a record. US retailers raked in $7.9 billion of online sales on Thanksgiving Day and Black Friday, Reuters reports, citing Adobe Analytics. Cyber Monday is here. Business Insider's Insider Picks team sifted through all of Cyber Monday's deals and singled out these 25 tech bargains. Bitcoin threatens $10,000. The cryptocurrency climbed above $9,600 a coin in overnight action as the total market cap for cryptocurrencies broke $300 billion for the first time. It takes a ton of electricity to mine bitcoin. PowerCompare.co.uk estimates that 29.05 terawatt hours of electricity have been used to mine bitcoin this year, more than the annual use of 159 countries. Meredith is buying Time. Meredith will pay $1.8 billion, or $18.50 a share in cash, and assume $1 billion of debt to acquire properties such as Time, Sports Illustrated, People, Fortune, and Entertainment Weekly. Macy's had a Black Friday nightmare. The retailer's credit-card system crashed nationwide at about noon ET on Friday and was down for several hours. AstraZeneca forms a new joint venture in China. The drugmaker has created Dizal Pharmaceutical, a stand-alone business that will be equally owned by the Chinese Future Industry Investment Fund, Reuters says, citing the companies. Jeff Bezos' wealth crosses $100 billion. A Black Friday surge in Amazon's stock price sent CEO Jeff Bezos' wealth above $100 billion, making it the first time anyone has crossed that mark since organizations such as Forbes and Bloomberg began tracking the fortunes of the world's richest. Stock markets around the world trade mixed. Hong Kong's Hang Seng (-0.6%) led the losses in Asia, and Britain's FTSE (+0.34%) is out front in Europe. The S&P 500 is set to open higher by 0.12% near 2,605. US economic is light. New-home sales will be released at 10 a.m. ET, and Dallas Fed manufacturing will cross the wires at 10:30 a.m. ET. The US 10-year yield is little changed near 2.35%. Join the conversation about this story » NOW WATCH: Investors are running out of money — and that's bad news for stocks |
10 things you need to know before the opening bell (SPY, SPX, QQQ, DIA, AMZN, M, TIME, MDP)
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Business Insider, 1/1/0001 12:00 AM PST
Here is what you need to know. Black Friday online sales hit a record. US retailers raked in $7.9 billion of online sales on Thanksgiving Day and Black Friday, Reuters reports, citing Adobe Analytics. Cyber Monday is here. Business Insider's Insider Picks team sifted through all of Cyber Monday's deals and singled out these 25 tech bargains. Bitcoin threatens $10,000. The cryptocurrency climbed above $9,600 a coin in overnight action as the total market cap for cryptocurrencies broke $300 billion for the first time. It takes a ton of electricity to mine bitcoin. PowerCompare.co.uk estimates 29.05 terawatt hours of electricity have been used to mine bitcoin this year, more than the annual usage of 159 countries. Meredith is buying Time. Meredith will pay $1.8 billion, or $18.50 a share in cash, and assume $1 billion of debt to acquire properties such as Time, Sports Illustrated, People, Fortune and Entertainment Weekly. Macy's had a Black Friday nightmare. The retailer's credit card system crashed nationwide around noon ET on Friday and was down for several hours. AstraZeneca forms a new joint venture in China. The drugmaker has created Dizal Pharmaceutical, a stand-alone business that will be equally owned by the Chinese Future Industry Investment Fund (FIIF), Reuters says, citing the companies. Jeff Bezos' wealth crosses $100 billion. A Black Friday surge in Amazon's stock price sent CEO Jeff Bezos' wealth above $100 billion, making it the first time anyone has crossed that mark since organizations such as Forbes and Bloomberg began tracking the fortunes of the world's richest. Stock markets around the world trade mixed. Hong Kong's Hang Seng (-0.6%) led the losses in Asia and Britain's FTSE (+0.34%) is out front in Europe. The S&P 500 is set to open higher by 0.12% near 2,605. US economic is light. New home sales will be released at 10 a.m. ET and Dallas Fed manufacturing will cross the wires at 10:30 a.m. ET. The US 10-year yield is little changed near 2.35%. Join the conversation about this story » NOW WATCH: Billionaire Alibaba CEO Jack Ma is the star of an ultra-popular kung fu film |
“We Welcome Bitcoin” [with Regulations], Says Iran’s Cyberspace Authority
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CryptoCoins News, 1/1/0001 12:00 AM PST The head of a major Iranian authority has revealed the state's intention to welcome bitcoin, with caveats The post “We Welcome Bitcoin” [with Regulations], Says Iran’s Cyberspace Authority appeared first on CryptoCoinsNews. |
Cyber Monday marks the start of Britain's £16 million online fraud bonanza
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Business Insider, 1/1/0001 12:00 AM PST
More than 15,000 people reported falling victim to shopping fraud during last year's Christmas period, with the average loss of each report being around £727, ActionFraud, the UK's fraud and cybercrime unit, said on Monday. Victims reportedly lost out while purchasing items like Yeezy trainers, Kylie Jenner makeup, and Fitbit watches, with the most common victims being men between 20 and 29 years old. 65% of the cybercrimes recorded during that period were linked to online auction sites. Both the number of reports and amount of money lost have also increased compared to the same period the year before, which saw £10 million lost to cybercrime.
City of London Police, which run ActionFraud, warned: "If you shop online using an unsafe WiFi connection or weak, reused passwords, you're the kind of shopper fraudsters like to go after." Greater Manchester Police also said: "If you're buying from auction sites or marketplaces, buy using secure payment systems like PayPal." Britons are expected to spend some £1.15 billion on online shopping over the four-day period between Black Friday and Cyber Monday, according to a report from VoucherCodes and the Centre of Retail Research. Join the conversation about this story » NOW WATCH: Why this New York City preschool accepts bitcoin but doesn't accept credit cards |
(+) Bitcoin is Close to Topping Out in the Short-Term
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CryptoCoins News, 1/1/0001 12:00 AM PST The post (+) Bitcoin is Close to Topping Out in the Short-Term appeared first on CryptoCoinsNews. |
Newsflash: Bitcoin Price Sheds $500 Within Hours of Record High Near $10,000
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CryptoCoins News, 1/1/0001 12:00 AM PST […] The post Newsflash: Bitcoin Price Sheds $500 Within Hours of Record High Near $10,000 appeared first on CryptoCoinsNews. |
Iran's Cyberspace Authority Says It Welcomes Bitcoin, If Regulated
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CoinDesk, 1/1/0001 12:00 AM PST The secretary of Iran's High Council of Cyberspace has said the agency "welcomes" bitcoin, with the caveat that there must be regulation. |
Administrators say action over Jaeger's controversial trademark sale is unlikely
Business Insider, 1/1/0001 12:00 AM PST
Better Capital, Jaeger's former owners, sold the brand's trademark rights to retail entrepreneur Philip Day shortly before the company's collapse. A shareholder group attacked the move in May and said they would not rule out court action. Administrator's Alix Partners says in its November report that is has been investigating the details of the trademark sale but early finds suggest that it is "not expected that actions can be pursued." Alix Partners also said in a progress report written earlier this month that it estimates Jaeger has debts of £82.7 million. Companies owed money by collapsed fashion retailer Jaeger are set to lose tens of millions of pound. The bulk of its debts — around £49 million — are to unsecured creditors and Alix Partners expects most unsecured creditors to receive just 2p on the pound. That would mean the companies owned this money would share a little under £1 million between them. £33.3 million is owed to secured creditor King's Landing Limited, a vehicle owned by Day. Day, who owns Edinburgh Woollen Mill, purchased Jaeger for £9.2 million in June and this will likely affect the total debt. However, Alix warns that the prospect of paying off the remaining debt to King's Landing Limited is "uncertain" and they expect a "significant shortfall." The collapse and sale of Jaeger have been controversial after it emerged that Jaeger's former owners, Jaeger collapsed in April of this year after struggling to find a buyer. Alix Partners say they have so far returned £3.1 million to creditors and made 224 redundancies since being appointed. Join the conversation about this story » NOW WATCH: Why this New York City preschool accepts bitcoin but doesn't accept credit cards |
Bitcoin approaches $10,000 a piece
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BBC, 1/1/0001 12:00 AM PST The virtual currency has risen from around $1,000 at the start of the year to a record of $9,700. |
Victoria Beckham is going to open more stores for her fashion empire
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Business Insider, 1/1/0001 12:00 AM PST
Private equity group NEO Investment Partners has invested the sum in the luxury brand. NEO's other investments include French bakery chain Paul and the leisure group behind the Experimental Cocktail Club. Victoria Beckham said in a statement: "NEO is the perfect partner to now accompany us on the next step of our journey: they understand my vision and my wish for the company to retain its independence, as well as my commitment to continuing to develop the brand with a unique, forward-thinking approach. I am hugely excited to be working with NEO." David Belhassen, founder and managing partner of NEO, said in a statement: "Victoria Beckham is one of the most exciting entrepreneurs I have the pleasure to work with. "She is an inspiration to millions of women around the world and she has built a unique, differentiated luxury brand with a strong identity and very high potential. I am delighted to be working with her and her team to reach the brand’s full potential."
The new money will be used to open new shops and expand its presence online, according to a statement. Victoria Beckham currently has two shops, in London and Hong Kong, but is stocked in over 400 department stores around the world, including the likes of Harrods and Selfridges. Victoria Beckham Limited is a high-end fashion brand that makes clothing, shoes, and accessories. Founded in 2008, the London-based brand today employs 180 people. Victoria's husband David and her former manager Simon Fuller are both shareholders in the business. The former Spice Girl's company had revenues of £36.5 million in 2015, the most recent year accounts are available for. The company said in a statement that revenues last year were £36 million but said: "first half 2017 revenues indicate double-digit growth on the year." Join the conversation about this story » NOW WATCH: Why this New York City preschool accepts bitcoin but doesn't accept credit cards |
The investment valued Victoria Beckham fashion business at £100 million, One chart shows just how little time Britain has to sort out Brexit
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Business Insider, 1/1/0001 12:00 AM PST
LONDON — Britain leaves the European Union on March 29, 2019. That is the one certainty in Brexit talks right now. Everything else is still up in the air. Heading into the end of 2017, more than six months after the UK triggered Article 50 and began the formal process of leaving the EU, Britain and the bloc's other 27 members are struggling to find common ground, and the likelihood of striking a transitional deal — allowing for a smoother exit for the UK — by the end of the year is dwindling. Many businesses and lobby groups have called for a transitional arrangement of some sort to be agreed before 2017 is out, as a means of preventing the triggering of Brexit contingency plans that would see firms shifting staff out of the country into EU-based offices. "Transition loses value the longer uncertainty about it persists," Deutsche Bank strategist Oliver Harvey writes in a note distributed to clients last Thursday." "As of August, only 11% of IOD membership had activated contingency plans, but this number was set to increase due to the lead times for switching supply chains and relocating operations. "The CBI suggests that 60% of businesses may have triggered contingency plans for Brexit by the end of March absent guarantees on a transitional deal. Bank of England officials have said a transition is needed by the end of the year to prevent the relocation of financial services to the continent." Harvey's note — in which he argues that it is "now more uncertain" that the UK and the EU will agree a transition deal during 2018 — includes a handy timeline of what to expect over the coming 18 months. It shows that without a transition deal in place, firms based in the UK could start to trigger their worst case scenario contingencies by the end of March — less than six months time. Here's the timeline:
And here's Harvey once again: "We had assumed that a transitional deal could be reached quickly in 2018, meaning minimal disruption to the economy. This is now more uncertain. Unless and until the problems presented above are resolved, it seems likely that at least some corporate contingency plans will be triggered next year with or without agreement in December." Join the conversation about this story » NOW WATCH: We just got a super smart and simple explanation of what a bitcoin fork actually is |
Newsflash: Bitcoin Price Tears Beyond $9,750
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CryptoCoins News, 1/1/0001 12:00 AM PST […] The post Newsflash: Bitcoin Price Tears Beyond $9,750 appeared first on CryptoCoinsNews. |
10 things you need to know in markets today
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Business Insider, 1/1/0001 12:00 AM PST
Good morning! Here's what you need to know in markets on Monday. 1. A final decision on the Northern Irish border cannot be made until a UK-EU trade deal has been agreed, Liam Fox has said, despite warnings from Brussels that trade talks cannot proceed unless an agreement is reached within days. The Guardian reports that Ireland is seen as the key obstacle to proceeding to negotiations about a future trade relationship with the EU at a December summit, with the Irish government dissatisfied with the options offered so far to prevent a hard border with Northern Ireland. 2. Aviva is poised to spend more than £1 billion buying back its shares after building up huge capital reserves, the Times reports. Mark Wilson, chief executive of the FTSE 100 insurer, is expected to reveal the plans at an investor day this week. 3. A blockbuster cinema deal could see Vue International combine with Odeon to create a £3bn multiplex monolith, the Times reports. Vue, run by former Hollywood executive Tim Richards, is eyeing a possible takeover of its archrival after problems in its American parent company, AMC Entertainment. 4. The government is to highlight five key areas where the UK needs to improve its performance when it reveals on Monday the details of a new industrial strategy designed to increase productivity, the Guardian reports. Greg Clark, the business secretary, will announce the creation of an independent watchdog to monitor progress made in boosting innovation, upgrading infrastructure, increasing the level of workplace skills, ensuring that the strength of the City is reflected in funds for companies and spreading prosperity to all parts of the country. 5. The FTSE-100 mining group Rio Tinto has abandoned plans to appoint the Conservative Party's boss as the company's next chairman in the wake of a full-scale investor revolt. Sky News reports that Sir Mick Davis is "no longer in the running" to replace Jan du Plessis less than a fortnight after it emerged that he was the frontrunner for the post. 6. Northern supermarket chain Booths, known as the “Waitrose of the North”, is hunting for a buyer after 170 years in the same family, the Telegraph reports. The retailer has brought in advisers from NM Rothschild to explore a sale. Analysts estimate the chain could fetch up to £150m. 5. Japan's Nikkei share average fell on Monday in choppy trade after a slightly stronger yen sapped investors' risk appetite, sending stocks such as chip-related firms lower. The Nikkei dropped 0.2%to 22,495.99, after opening 0.5 percent higher. 8. London nickel led metals lower on Monday, as investors cut their exposure to risky assets as Beijing steps up a crackdown on shadow banking and other riskier forms of financing, Reuters reports. London Metal Exchange nickel slid 2.5% to $11,730 a tonne, wiping out Friday's near 1% gains. Shanghai nickel fell 1%, with the most volatile metal also battered by expectations of rising supply. 9. A former owner of Little Chef is among a pack of bidders plotting a cut-price takeover of Byron, the gourmet burger chain caught in the headwinds afflicting Britain’s casual dining sector. Sky News reports that R Capital, which specialises in buying troubled businesses, is one of several suitors to have held talks with Byron's owners and management in recent weeks. 10. And finally... The amount of energy used by computers "mining" bitcoin so far this year is greater than the annual usage of almost 160 countries, according to new research. Research by energy tariff comparison service PowerCompare.co.uk shows that the amount of energy expended mining bitcoin globally has already exceeded the amount used on average by Ireland and most African nations. Join the conversation about this story » NOW WATCH: These are the watches worn by the smartest and most powerful men in the world |
Cryptocurrency market cracks $300 billion as bitcoin and ethereum flirt with big milestones
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Business Insider, 1/1/0001 12:00 AM PST
According to data from CoinMarketCap, the market capitalization of the entire crypto-market stood at $303 billion at 12:30 a.m. ET. At the same time, the two largest digital currencies on the market were flirting with big milestones of their own. Bitcoin, the largest cryptocurrency with a market cap above $150 billion, was gunning for $10,000 Sunday evening. It was trading at $9,592 at 12:30 a.m. ET Monday, below its all-time high of $9,694 set Sunday evening, according to data from Markets Insider. Ethereum was trading at $479 per token, at 12:30 a.m. ET Monday, shy of the much-anticipated $500 mark. It reached an all-time high of $485 Sunday evening. As for the bitcoin spin-outs, bitcoin cash was trading just below $1,650 at 12:30 a.m. ET. And bitcoin gold was trading up more than 2.5% near $380 per coin, according to CoinMarketCap. Big milestones for the cryptocurrency market appear to be occurring at a faster rate. It took from June to November for the market to go from $100 billion to $200 billion. It took less than a month for the market to balloon from $200 billion to $300 billion.
Join the conversation about this story » NOW WATCH: Why this New York City preschool accepts bitcoin but doesn't accept credit cards |
(+) Asian Market Update – Monday: Bitcoin Shoots for $10,000; Asian Stocks in Negative Territory
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CryptoCoins News, 1/1/0001 12:00 AM PST The post (+) Asian Market Update – Monday: Bitcoin Shoots for $10,000; Asian Stocks in Negative Territory appeared first on CryptoCoinsNews. |
$300 Billion: Bitcoin Price Boosts Crypto Market Value to Record High
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CoinDesk, 1/1/0001 12:00 AM PST The total market capitalization for the cryptocurrency market has exceeded $300 billion for the first time. |