Data Monetisation | Euromoney Learning
Blockchain

Data Monetisation | Euromoney Learning

How to get the best from your Data: Enterprise Value, Strategy and OrganisationData is ubiquitous. Organsiations generate millions of units of data every day. It costs money to create, store and dispose of. There are risks with its custody, it can be a critical determinant in the success or otherwise of a business, and it can be stolen or amended with ease, in some cases without anyone’s knowledge. And interestingly ownership of this critical business asset is not always clearly defined. Businesses are focused on their quarterly targets, and IT is focused on running technology.  For some organisations, ownership, and importantly, maximal leverage of data is either undefined or an abstract responsibility. In the worst case this responsibility only crystallises when there is some kind of br...
A crypto investor lost nearly $250,000 after his chosen fund collapsed during the coronavirus sell-off, Business Insider
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A crypto investor lost nearly $250,000 after his chosen fund collapsed during the coronavirus sell-off, Business Insider

caption Representations of virtual currency Bitcoin and U.S. dollar banknotes are seen in this picture illustration source Reuters An investor in cryptocurrency hedge funds saw nearly 99% of a $250,000 investment wiped out after his chosen fund collapsed during the market meltdown. “I don’t really know what happened,” Vlad Matveev told the Financial Times. Matveev detailed Cryptolab Capital’s explanation in a Medium blog post: the fund took a leveraged position in March, and a lack of liquidity and rejection of sell orders stopped it from pulling out when crypto prices tanked. Crypto hedge funds lost an average of 26% in March, while traditional hedge funds lost about 8%, the Financial Times said, citing HFR data. Visit Busines...
Canaan Reports $5.6M Loss in Q1 Despite Bitcoin Miner Price Cut
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Canaan Reports $5.6M Loss in Q1 Despite Bitcoin Miner Price Cut

China-based bitcoin miner manufacturer Canaan has reported a net loss of $5.6 million for Q1 2020, even though it had cut down the prices for its hardware by more than half in an effort to sell more machines. In an earnings report released on Friday, the firm said it made $9.4 million in revenue for the first three months this year with a growth of 44.6% compared to the same period last year. But it also incurred $9.3 million and $5.9 million expenses in cost of goods sold and R&D, respectively. For that revenue, Canaan sold 0.9 million terahashes per second (TH/s) of Bitcoin computing power, which accounts for less than 1% of the network’s current total. That means Canaan had cut down the prices for its mining hardware sold in the first three months by more than 50% to just $10 per ...
RenBTC Quietly Goes Live in Latest Bid to Bring Bitcoin to Ethereum
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RenBTC Quietly Goes Live in Latest Bid to Bring Bitcoin to Ethereum

The latest implementation of bitcoin (BTC) on the Ethereum blockchain quietly went live this week. There are 1.24 renBTC live on the Ethereum mainnet now, according to Etherscan. Three sources with knowledge of the project have confirmed this is the Ren smart contract, live ahead of its launch announcement. Kain Warwick of Synthetix tweeted Wednesday that he was the first person to hold a full bitcoin in renBTC. However, there’s no way yet for members of the public to mint additional renBTC, the CEO of the company behind the project told CoinDesk in an email. “While the smart contracts have been deployed on Ethereum, RenVM itself is not actually on mainnet. This is because RenVM is a distinct network separate to Ethereum. The final mainnet subzero version of RenVM won’t be deployed until ...
FinTech Training Week | Euromoney Learning
Blockchain

FinTech Training Week | Euromoney Learning

 Claiming Back Your VATAll attendees of a London based course incur VAT as a part of the cost of attendance.Euromoney Learning have partnered with VAT IT to allow you the unique opportunity to recoup the VAT incurred.Using VAT IT's extensive experience and simple sign-up and refund process, every invoice can be turned into cash for your business.Claim the VAT that's rightfully yours in four simple steps: 1. Register your interest 2. Sign a few simple documents 3. VAT IT processes your claim 4. Receive your refund Why choose VAT IT VAT IT h...
Singapore State Investor Temasek Joins Libra Association, Facebook’s Global Digital Currency Project
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Singapore State Investor Temasek Joins Libra Association, Facebook’s Global Digital Currency Project

Singapore’s state investor, Temasek Holdings has officially been named a member of the Facebook-backed digital currency project Libra. Temasek as a portfolio value of 313 billion Singapore dollars (roughly $219 billion), making it one of the more prominent backers of Libra.      The Libra Association, an independent group based in Switzerland has also welcomed crypto investor Paradigm and Slow Ventures, a private equity firm.    Facebook, the company behind Libra, announced the digital currency initiative in 2018, which took the world by storm with its controversial project. With the ICO bubble having expanded exponentially in 2017, the public started to become aware of cryptocurrencies. Digital currency and cryptocurrency were still seen in the light of being scandalous, illicit, and unf...
Fed Up With Its Fork of Stellar, Kin Is Looking to Move Onto Solana
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Fed Up With Its Fork of Stellar, Kin Is Looking to Move Onto Solana

The kin cryptocurrency is exploring a move from its own fork of Stellar to the Solana blockchain.  To recap, the mobile app company Kik ran a $98 million initial coin offering (ICO) for kin in 2017, which was made on the Ethereum blockchain. Then the company said that it would use Ethereum for security and Stellar for transactions. Then it forked Stellar and ran its own chain. Now that’s proving to be inadequate so the cryptocurrency will port over to Solana in a matter of months, pending adequate support from app developers in the Kin ecosystem. “The fork of Stellar enabled Kin to reach millions of consumers, but we knew it would not be a long-term solution,” a Kin Improvement Proposal shared with CoinDesk reads. “Stellar has five-second block times, so irrespective of network load, a con...
Virtual Financial Assets And The Regulation of Blockchain Micro-Loans
Blockchain

Virtual Financial Assets And The Regulation of Blockchain Micro-Loans

Share and get +16 +16 Ranging from investment within the capital markets to the provision of credit by institutions, the concept of financing, at its core, aims to provide the finances with what he doesn’t have in general or temporal terms. It is a concept which is a long-standing technique availed of by the masses for reasons which are personal and customized to one’s profession, interests and social standing.If one had to look at different sources of financing, whether such sources are against the backdrop of a filial relationship or whether such financing is against the backdrop of a contractual relationship with a financial institution, it immediately becomes evident that the concept of ‘trust’ dominates any financing arrangement which any person would enter into. By way of example, if...
Visa Applies for Blockchain-Based Digital Currency Patent to Potentially Remove Physical Currency
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Visa Applies for Blockchain-Based Digital Currency Patent to Potentially Remove Physical Currency

Visa applied for a new patent application to create a blockchain-based digital currency on a centralized computer, according to a publication by the US Patent and Trademark Office (USPTO).     The patent was originally filed in November 2019, and was described as “Digital Fiat Currency.” The US dollar was mentioned as one of the fiat currencies to be used potentially, although the patent could also apply to other central bank digital currencies including the pound, yen, and the euro.    Filed by Simon J. Hurry and Alexander Pierre with the Visa International Service Association, the application noted that Ethereum could be used as a possible network for the digital currency.   The central entity computer described in the patent will receive requests with details including the serial numbe...