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Showing posts from July, 2018

Coinbase Also Leads in Political Action

Coinbase is a leader in the US cryptocurrency industry; it has formed a political action committee . Coinbase is the most widely followed and influential digital currency exchange in the US. Along with Gemini, it is among the early leaders in government engagement to promote publicly -beneficial regulation. Coinbase also works with the ownership of the NYSE and provides valuation services for crypto-derivatives traded on the Chicago Board. The Coinbase PAC represents a further step towards mainstream integration; public acceptance of digital currency will likely depend on confidence based in some form of regulation. - Political Action is Important The modern trend in business to government relations involves supporting leadership that advances   interests favorable to the industry. This is a wrong-headed approach that verges on corruption.   An earlier approach allied business interest with the pubic interest.   GM, for example, could fairly support leaders that advocated

Cryptocurrency in the Mueller Probe

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According to a filing in US District Court, Russian Military Intelligence operatives used Bitcoin to help finance the cyberattack on the US democracy that began during the 2016 Presidential Election campaign. PBS has shared the document on their website and provided a direct link here: https://d3i6fh83elv35t.cloudfront.net/static/2018/07/Muellerindictment.pdf PBS: Read Mueller’s full indictment against 12 Russian officers for election interference The Russian espionage made hundreds of transactions using Bitcoin and purchased the means to disseminate disinformation over the Internet. One of the inhibiting factors in the growth of cryptocurrency has been the danger of anonymous transactions. While most cryptocurrency exchanges have thorough ID and vetting procedures, some require little or no identification.  Considering the large sums of money and value transmitted daily in cryptocurrency, the lack of ID procedures opens opportunities for criminal activity terro

Will Cryptocurrency Affect Down Markets?

Investors of every size make investments to hedge against stock market volatility. When stocks show problems in inflationary times, investors often turn to bonds. When federal taxes are a focus, they can balance a portfolio with tax-free Municipal Bonds. In the age of the NYSE joining strategically with Coinbase, the question occurs: how would a cryptocurrency market affect investor behavior during a correction or periods of high volatility? Today, investors can invest in crypto-derivatives through the Chicago Board, and a few international funds offer instruments based on cryptocurrencies like Bitcoin, Ethereum, Litecoin, and ZCash. The rise of cryptocurrency( Bitcoin topped $15,000 in 2017)  and the growing acceptance of cryptocurrency by  US security regulators offers institutional investors an opportunity. They can  bet on rising ICOs and trends in older, highly liquid currencies. The test will come in the event of a market correction such as the type of upheaval that a trade w

Blockchain as a Service

 Public case usages of blockchain may get a lot of attention, but private blockchains may have the longer and more enduring impact. Private blockchains can operate with fewer rules and restrictions than public-facing systems, and they can operate with higher speeds and efficiency because of a more favorable emphasis on speed and latency than redundant layers of security. Private blockchains will have a centralized control, and, in this sense, they are not true blockchains controlled by consensus. The technology offers outstanding benefits for records, smart contracts, and cryptographic audits that can revolutionize business functions. IT failure downtime is an outstanding example . One widely accepted estimate is that downtime costs $700 billion per year for North American organizations . A marketing firm might offer the below described analysis of the situation and blockchain technology. 1) Software updates are critical to business functions,  2) The integrity of downloads and