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TIPS TO CHOOSE THE BEST HEALTH INSURANCE

August 28, 2018

Tips To Choose The Best Health Insurance: Cheap is a very relative term, especially when it comes to Health Insurance. It’s no secret that hospitals today charge room tariffs that can make 5-star hotels seem like budget hotels in comparison! And, God forbid if a small surgery is involved, your purse will feel lighter by a neat lakh or two.

Medical costs have skyrocketed so much in the recent times that it won’t be a surprise if ISRO and other space research communities start considering space technology to be cheaper. Your only option against such meteoric inflation in healthcare expenses is a Health Insurance plan. But, choosing the right plan is as important as getting one. So, how do you zero in on the best plan? Here are the questions you should be asking yourself.
Getting adequate coverage is the first thing you need to consider. As you know, the more the sum assured, the more the premium will be. However, paying a slightly higher premium is better than saving on premium but paying ten times more for hospitalisation expenses. Moreover, the premium paid for Health Insurance brings you tax benefits of up to Rs. 75,000. This will apply if you buy plans for the whole family, including your parents. So, what is the ideal sum assured? There are several parameters to consider, but as a rule of thumb, if you are young and healthy, a sum assured of Rs.5 lakhs will be a good start. As you renew the policies, take advantage of the No Claim Bonus and increase your sum assured proportionately.
Adequate cover and complete cover for your healthcare expenses are two different things. An optimum sum assured covers you adequately, whereas complete coverage includes other things that come within the ambit of medical expenses. This will include things like pre- and post-hospitalisation expenses, hospital room charges, nursing expenses, ambulance charges, etc.Am I completely covered?
TIPS TO CHOOSE THE BEST HEALTH INSURANCE TIPS TO CHOOSE THE BEST HEALTH INSURANCE Reviewed by Sulhan on August 28, 2018 Rating: 5

Everything You Need to Know About Cryptocurrency Regulation

August 23, 2018

The meteoric rise of cryptocurrencies has taken the world by storm. Innovators, investors, users, and governments are scrambling to wrap their heads around cryptocurrencies and the blockchain technology that they rely upon. The emergence of a new market and business model has created great opportunities for participants, but it also carries significant risk.
Cryptocurrencies present an inherently unique challenge to governments because of their new technology, cross-jurisdictional nature, and frequent lack of transparency. Governments are struggling to develop new ways to regulate cryptocurrencies, adapt existing regulations, and identify fraudulent schemes. Cryptocurrencies and their regulations are evolving before our eyes, and this article will provide a brief background on cryptocurrencies and an overview of where cryptocurrency regulations currently stand.
What are cryptocurrencies?
Cryptocurrency is, by any other name, a currency—a medium of exchange used to purchase goods and services. Or, as some have suggested, cryptocurrency is a “peer-to-peer version of electronic cash.” However, this currency has two qualities that distinguish it from traditional bills and coins.
First, cryptocurrency is a virtual currency that is created through cryptography (i.e. coding) and developed by mathematical formulas through a process called hashing. Second, unlike traditional bills and coins that are printed and minted by governments around the world, cryptocurrency is not tied to any one government, and thus is not secured by any government entity. The fact that cryptocurrencies are not secured by a government authority has led to concerns from critics that this is the second coming of Tulipmania, because we are ascribing value to an otherwise valueless item. However, the potential for cryptocurrencies as a medium of exchange remains enormous.

What is blockchain?
Blockchain is the technology at the heart of most cryptocurrencies, and explaining the technology in detail would require a blog post of its own. What is important to know is that blockchain is a record of peer-to-peer transactions categorized into blocks on a distributed ledger. Despite the obtuse terminology, blockchain functions similarly to a local bank authorizing and recording a transaction, but instead of only one party holding the entire ledger book, the transactions are recorded communally by member nodes, with each node being a computer in a peer-to-peer distributed network.
The blockchain can confirm a transaction within minutes, removing errors that exist when trying to reconcile and audit separate ledgers and transactions. Whenever a transaction takes place, the miners on the blockchain develop a new hash and digital signature to update the ledger and create a new “block.” This block, or recorded transaction, is time-stamped and encrypted and will remain on the blockchain for life.



Regulation in the US – Utility Tokens v. Investment Tokens

In the United States, there has been no federal regulation of cryptocurrencies. Instead, cryptocurrencies are often grouped into two non-binding categories: (1) investment tokens that fall under the purview of already existing U.S. securities laws like the Securities Act of 1933 and the Securities Exchange Act of 1934, and (2) utility tokens, which remain largely unregulated (for now).
Security Tokens
Whether the tokens being offered in connection with a particular cryptocurrency are security tokens is decided on a case-by-case basis that even experienced securities lawyers can disagree upon. Tokens are usually analyzed under the four-part Howey Test below to see if the token is in fact a security. Securities must meet the following criteria:
  • An ​investment of money
    in a ​common enterprise
    with an ​expectation of profits
    predominantly from the efforts of others
    • Each characteristic of the token is analyzed against this framework to see if the cryptocurrency is in reality functioning as a new-age security. If it is, then regulators treat it as such, and cryptocurrencies must then be registered and handled with all of the same disclosures and precautions as any other security sold in the United States or to U.S. investors.
    Utility Tokens
    Cryptocurrencies can also be categorized as non-security utility tokens. These tokens purport to offer intrinsic utility and value, and are typically instrumental in powering the blockchain technology. These tokens function more like commodities than securities, and while they may act like currency in a fully functional network, they also have other values.

    However, having a utility token with a properly formed and functioning network does not preclude said token from being labeled a security by the SEC. In In the Matter of Munchee, Inc., a purported utility token with a non-functioning network was labeled a security by the SEC. While labeling a token without a functioning network as a security – as it has no present utility – is not unexpected, the SEC also concluded that: “even if [Munchee] tokens had a practical use at the time of the offering, it would not preclude the token from being a security.”
    After analyzing the Munchee Tokens under the Howey test, the SEC concluded that they were investment contracts because purchasers of the tokens had an expectation of profits predominantly from the efforts of Munchee and its staff. The SEC further concluded that Munchee had primed such expectations through its marketing efforts.
    While this new case does not eliminate the distinction between utility and security tokens, it does caution that, when deciding whether a given token is a security, the SEC will look beyond utility at the character of the instrument, and base their conclusion based on the terms of the offer, the plan of distribution, and the economic inducements held out by the token issuer.
    State Regulation
    So far only the state of New York has issued any kind of regulation specifically regarding cryptocurrencies: the BitLicense. The BitLicense is New York’s attempt to control cryptocurrencies within its borders by requiring cryptocurrency businesses to register and comply with several different disclosure and financial obligations. The regulation has been divisive, and many businesses have rallied against its high costs. While a few companies have applied for and received the license, most other companies have simply left the state or stopped offering services to its residents.
    Regulation Abroad – The Ever-Shifting Jurisdictional Question
    The United States is not the only country grappling with how best to regulate cryptocurrencies. Many cryptocurrency businesses face daunting questions regarding in which jurisdictions to form and to do business in. In the end, the question is quite difficult and fact-specific, requiring communication between legal counsel in different jurisdictions and taking into account nebulous and piecemeal country-by-country regulations. It is impossible to do a detailed analysis without knowing how a country’s existing securities laws, financial regulations, and banking regulations will operate (or will be adapted to operate) with cryptocurrencies. The fact that cryptocurrency-specific regulations are still developing does little to add clarity, and makes the analysis even more challenging. Yet a few global trends are noticeable:
    Suspending Cryptocurrencies
    Some notable countries, like China, and South Korea, have suspended cryptocurrencies. These countries have cited the risk of fraud and the lack of adequate oversight in suspending cryptocurrencies and their exchanges, forcing cryptocurrency companies and exchanges to relocate.
    Regulating Cryptocurrencies
    Other countries, like Japan and Australia, have adopted disclosure and regulatory measures, or have companies register with the applicable government authority. Several countries have also tried to implement disclosure or registration regulatory regimes when it comes to cryptocurrencies, but such regimes are cumbersome and expensive to fledging companies.
    Cryptocurrencies as Commodities
    On the other hand, Switzerland and Singapore, two of the countries at the forefront of the cryptocurrency market, have simply stated that cryptocurrencies are assets not currency, and that they will treat them as such under existing regulations.
    Conclusion
    Ultimately, cryptocurrency regulation remains in its infancy. Piecemeal regulation has already begun around the world as governments enact new regulations to control and legitimize cryptocurrencies, fold cryptocurrencies into existing regulations, or ban them outright. These splintered attempts at controlling a global phenomenon will keep the cryptocurrency market volatile, and pose a challenge to innovators, 
    Source : UpCounsel.
    Everything You Need to Know About Cryptocurrency Regulation Everything You Need to Know About Cryptocurrency Regulation Reviewed by Sulhan on August 23, 2018 Rating: 5

    How to Apply In GCU London

    August 23, 2018


    Apply online

    The easiest way to apply is online. The online application form is simple to complete and you will find an Apply button on the course page. It lets you upload the documents needed to support your application and submit everything together.

    Other ways to apply

    Where an online application is not available, you can apply for a postgraduate programme at GCU London through the Admissions Office either via e-mail or send your completed application pack by post.
    Download document: GCU London Postgraduate Application Form (PDF)
    Please send your completed application form above and email with your supporting documents to admissions@gculondon.ac.uk or return by post to:
    GCU London Admissions
    40- 48 Fashion Street
    Spitalfields
    London
    E1 6PX
    Instructions:
    • Download the PDF document from the above link then save it to your desktop
    • Open the PDF on your desktop
    • It’s editable and can be filled out on screen
    • Save the changes then ‘save as’ with your name
    • E-mail the completed form to admissions@gculondon.ac.uk.

    source : gculondon

    How to Apply In GCU London How to Apply In GCU London Reviewed by Sulhan on August 23, 2018 Rating: 5

    WorkFusion – Can A Robot Be Your Boss?

    August 23, 2018
    pc workfusion

    “If we don’t use technology,” says Ian Weir, Head of Business Performance Improvement at Standard Bank, Johannesburg, “…cost will shoot beyond what’s bearable.” He’s right. A lot of companies have a rising volume of data that cannot be processed manually. It inevitably opens doors for automation that companies like WorkFusion specialize in. WorkFusion is a NYC-based startup that has grown from a seed round of $2.3 million in 2011, to a Round E funding of $50 million in April 2018 and has reached a valuation of $121.3M.
    Standard Bank, one of Africa’s largest bank chains, is their client and has used the startup’s AI–powered RPA (Robotic Process Automation) to reduce customer onboarding time from 20 days to five minutes.
    AI has been a buzzword for a while. But an acronym slowly catching on is RPA.
    RPA is sold as follows: An average knowledge worker spends hours performing repetitive, monotonous tasks that are painful in a sleep-inducing sort of a way. Wouldn’t they prefer if these tasks were automated, too? Perhaps yes, if the economy could create new jobs for them. But an early threat or innovation (depending on if you’re a glass half full/empty kind of a person) comes in the form of RPA.
    It is a type of software that mimics human activity and carries out the simple tasks for you. For example, do you want it to scrape information of a website about the specifications and price of a phone and present it to you as a spreadsheet? Done. RPA can do that for you.
    Naturally, this has been a hot topic for entrepreneurs.
    Like Max Yankelvich, who founded WorkFusion thinking something each person in a mind-numbing job has: It’s the 21st century, robots should have taken over repetitive tasks that are stealing precious human hours. He said in an interview, “I started thinking … there’s gotta be a way where artificial intelligence can be used generically enough to learn some of these things that these people are doing,”
    In 2012, he and his co-founder, Andrew Volkov sponsored a research at MIT’s Computer Science and Artificial Intelligence Lab (CSAIL). The topic was “What if software could learn to identify high-quality work and manage the people who perform it?” Essentially, what if a robot was your boss? And in 2014, they implemented their idea by building an AI-driven software bot platform: They called it the world’s first integrated RPA and cognitive automation platform: Smart Process Automation (SPA).
    By 2017, they had opened offices around the world and has acquired clients like Deloitte, Infosys, HCL, among others. But in 2017, the company also did something that led most people to hunt for a hiding caveat: It released RPA Express, an RPA tool for free. It has taken WorkFusion a separate FAQ page to convince people that there are no asterisks involved, because, understandably, people are skeptical.
    Today, WorkFusion is competing with companies like UiPath which also offers a free RPA tool. But if its active community is any proof, it has been fairly successful.
    Recently, the automation startup asked the community to develop a bot that would be able to beat an app or online game at Tic Tac Toe. The two winners managed to apply different strategies to win the game, and used various approaches to implement them in the bot scripts. The next challenge is more exciting, where they’ve asked users to create a personal assistant that helps you in your everyday life.
    But this is not where the money is. Workfusion has a more intelligent automation tool, called Smart Process Automation (SPA), which is pitched as any company’s automation solution. As explanation for why the company offers RPA Express for free, its website says: “Breakthrough technology generally begins as complex, expensive and scarce” and which is why RPA express is given out for free – to make “RPA widely available”.
    This is, in fact, a tried-and-tested strategy for numerous companies that share a bit of their product for free to let consumers experiment. Removing the cost involved with RPA allows companies to freely discover the benefits of automation before they can decide to sign up for a full system. Still, WorkFusion’s effort is laudable in an industry where data science, much like music programming, was reserved for the elite. 
    But the NYC-based startup also makes it a point to talk about the basics of RPA and how it is, in fact, the SPA that can fully automate tasks without limitations. SPA uses machine learning to identify what a customer request is: It could be access, updation, or deletion and it automatically triggers the next step, transferring special cases to a human for review. In simple terms: the software, much like us,  learns from experience and becomes more capable with each request. “Things,” the company’s blog post says, “that its free RPA can’t do”.
    For example, as the European Union’s General Data Protection Regulation (GDPR) came into effect on May 25, WorkFusion is posing SPA as the solution to ensure companies can easily comply with the GDPR. Very soon, banks, insurers, utilities, telcos, retailers and others will scamper to get the right processes for their data. And that’s where SPA which will quickly create automated processes and efficiently handle customer data will step in.
    If you’re thinking about all the jobs this will take away in the future, you’re right. It is especially a risk for the outsourcing industry which, globally, is a $27 billion industryand automation can, like 3D printing, be a threat to the world economy and trade. But there are also opportunities here: McKinsey has noted that the automation of knowledge work is a $5 to $7 trillion opportunity.
    Five years ago, Yankelvich gave a spirited talk reflecting how the tide has shifted from passive entertainment to active engagement through social media. He was talking about how AI can manage large data, analysing hundreds of data points per second to predict behaviour. For example, if a brand wanted to know how their product was doing, they would have called representative customers, but now everything they need is on social media where users are discussing their products.
    In his talk, Yankelvich offered hope to millions threatened by AI: But it is not possible for technology to detect spam or sarcasm.
    Today, WorkFusion is talking about the indomitable potential of technology and how the software observes us and learns. Still, the picture of a robot as a boss seems alarmist (or wishful?) at best.
    sourch : techweek.com
    WorkFusion – Can A Robot Be Your Boss? WorkFusion – Can A Robot Be Your Boss? Reviewed by Sulhan on August 23, 2018 Rating: 5

    Oracle Delivers Next Set of Autonomous Cloud Platform Services

    August 16, 2018

    As part of its pledge to extend autonomous capabilities across its entire Cloud Platform, Oracle today announced the availability of Oracle Autonomous Analytics Cloud, Oracle Autonomous Integration Cloud, and Oracle Autonomous Visual Builder Cloud. With built-in advanced artificial intelligence (AI) and machine learning algorithms, these groundbreaking new PaaS services automate and eliminate key tasks to enable organizations to lower cost, reduce risk, accelerate innovation, and get predictive insights.
    Earlier this year, Oracle made available the world’s first Autonomous Database for data warehouse workloads. The company is committed to adding self-driving, self-securing, and self-repairing capabilities to all of its PaaS services coupled with specific autonomous capabilities for each functional area. In addition to today’s news, Oracle plans to release more autonomous services later in calendar year 2018 focused on mobile and chatbots, data integration, Blockchain, security and management, and additional database workloads, including OLTP.
    “Embedding AI and machine learning in these cloud services will help organizations innovate in revolutionary new ways,” said Amit Zavery, executive vice president of development, Oracle Cloud Platform. “These new cloud services are the latest in a series of steps from Oracle to incorporate industry-first autonomous capabilities that will enable customers to significantly reduce operational costs, increase productivity, and decrease risk.”
    As organizations focus on delivering innovation fast, they want a secure set of comprehensive, integrated cloud services to build new applications and run their most demanding enterprise workloads. Only Oracle’s cloud services can automate key operational functions like tuning, patching, backups and upgrades while running to deliver maximum performance, high availability, and in demand security features.

    Brake Parts Speeds Ahead with Oracle Autonomous Integration Cloud

    Brake Parts, a global company that supplies the world’s top brake brands for cars, vans, SUVs, light trucks and heavy duty vehicles, has partnered with Oracle to build an intelligent sales operation. By automating its end-to-end customer change, RFQ, and new product introduction processes, Brake Parts was able to eliminate manual steps and increase customer responsiveness.
    “Using Oracle Autonomous Integration Cloud with Oracle Sales Cloud, we were able to modernize our applications and automate customer-facing activities across departments—transforming our sales operations,” said Lisa Oliver, Sales Operations, Brake Parts. “Oracle’s autonomous PaaS services enable us to digitize many of our manual processes so we can decrease costs, increase business insights, and better innovate.”

    New Oracle Autonomous Cloud Platform Services

    Newly available autonomous services include Oracle Autonomous Analytics Cloud, Oracle Autonomous Integration Cloud, and Oracle Autonomous Visual Builder Cloud. These services help organizations easily build and deploy modern applications, as well as integrate and analyze critical organizational data. 

    Oracle Autonomous Analytics Cloud

    Oracle Autonomous Analytics Cloud combines machine learning, adaptive intelligence, and service automation to create an analytics platform that breaks down barriers between people, places, data, and systems, fundamentally changing the way people analyze, understand, and act on information. Learn more here.
    • Empowers business users to uncover more insights, quickly. Users can ask questions on their mobile devices, and natural language processing converts those questions into queries in the backend to deliver rich visualizations on their device. It uses machine learning to gain intelligence and proactively suggest insight on data the user might not even have asked for.
    • Reveals hidden patterns and performance drivers through predictive insights and automatic natural-language explanations powered by machine learning.
    • Provides predictive analytics on IoT data applying domain specific machine learning algorithms on large volumes of sensor data and historical patterns of failure.
     

    Oracle Autonomous Integration Cloud

    Oracle Autonomous Integration Cloud accelerates digital transformation by enabling business processes spanning multiple Oracle and non-Oracle SaaS and on-premises applications through a combination of machine learning, embedded best-practice guidance, and pre-built application integration and process automation. Learn more here.
    • Speeds up integrations in the complex process of mapping attributes of objects across two different applications by using crowd sourced data of all executed integrations, and machine learning to deliver visual recommendations of how to connect those objects.
    • Delivers intelligent dynamic adaptive case management by providing APIs to embed AI/machine learning frameworks, and suggest the next best action in an automated process flow.
    • Increases resiliency and performance by providing self driven and tuning Integrations to manage large workloads intelligently.
    • Enables Robotic Process Automation with AI/machine learning to automate the last mile of case management or process automation with systems that are not API enabled.
     

    Autonomous Visual Builder Cloud

    Oracle Autonomous Visual Builder Cloud helps to accelerate mobile and web application development and deployment by enabling business users and developers to build these applications with no coding. Learn more here.
    • Automates code generation using the latest industry-standard technologies with single click deployment enabling rapid application development even by line-of-business users.
    • Automates delivery of mobile applications across multiple platforms including iOS and Android.
    • Easily extensible and based on standard open-source technology (Oracle JET, Swagger)
     
    Oracle Cloud Platform services all share foundational autonomous capabilities including:
    source : oracle
    Oracle Delivers Next Set of Autonomous Cloud Platform Services Oracle Delivers Next Set of Autonomous Cloud Platform Services Reviewed by Sulhan on August 16, 2018 Rating: 5

    WorkFusion wins Awards for Best Application of AI in Financial Services

    August 16, 2018

    NEW YORK, June 13, 2018 /PRNewswire/ — WorkFusion, the leading AI-driven robotic process automation (RPA) software company, announced it was named “Best Application of AI in Financial Services” in the AIconics awards. The award recognizes achievements by WorkFusion’s banking and insurance customers such as Axis Bank, Deutsche Bank, MetLife and Standard Bank in automating common but critical functions including trade finance, anti-money laundering (AML) and claims handling.
    “AI has become a critical competitive advantage,” said WorkFusion CEO Alex Lyashok. “Many companies are already using machine learning (ML) to power their customer experience. Using ML to create intelligent software robots complements those experiences with scalable, agile business operations, and this award is proof that many businesses have already made digital operations a reality.”
    The AIconics award is also a testament to WorkFusion’s position in the market as the only RPA provider with native AI. Cognitive automation is a critical capability for financial services, given the industry’s high volume of unstructured data, such as financial statements, settlement documents and customer service emails. By having AI built into the same platform with RPA, data ingestion and “human-in-the-loop” exceptions handling, SPA users are able to automate processes from end to end. This not only reduces cost but also increases revenue through better customer service.
    WorkFusion was founded to make AI a self-service capability for business people. By 2016, forward-looking financial institutions had put its AI-driven RPA product, WorkFusion Smart Process Automation (SPA), to work in middle- and back-office operations. Standard Bank used SPA to reduce customer onboarding time from 20 days to 5 minutes and improved its industry rank in vehicle finance from 4th to 2nd, which created new revenue for the bank. With its Lumen Edition released in May 2018, WorkFusion made AI-driven automation 6 times faster to train and easier for business people to use.
    About The Alconics Awards
    The AIconics are the world’s only independently judged awards celebrating drive, innovation and hard work in the international AI Community. A panel of 20 judges from around the world thoroughly reviewed competitive entries from foremost innovators in the AI space. The AIconics are organized by AI Business and are a highlight of the AI Summit London, which is the world’s largest AI event for business.

    WorkFusion wins Awards for Best Application of AI in Financial Services WorkFusion wins Awards for Best Application of AI in Financial Services Reviewed by Sulhan on August 16, 2018 Rating: 5

    WorkFusion Named a Strong Performer in Robotic Process Automation, Recognized for Analytics and AI

    August 16, 2018

    NEW YORK, June 27, 2018 — WorkFusion, the leading AI-driven RPA software provider, was recognized in The Forrester Wave™: Robotic Process Automation, Q2 2018 report for Analytics and AI, providing a unique delivery of “preloaded algorithms for data extraction, classification, unstructured decisions, and predictions tuned to select use cases.”
    The report notes that “analytics will dictate which providers lead the pack. Vendors that provide text analytics, artificial intelligence (AI) component integrations, process analytics, and surface automation based on computer vision will position themselves to deliver successfully.”
    “Our customers recognize that they can scale digital operations initiatives faster and more effectively with WorkFusion’s unique native AI and fully integrated platform approach, and we believe that Forrester’s recognition of our product in this arena is important validation for businesses choosing automation partners,” said Alex Lyashok, CEO of WorkFusion. “AI-driven RPA allows businesses to digitize faster and automate more complex work.”
    Larger organizations with more complex needs are seeking more robust automation capabilities, and WorkFusion is in a unique position to deliver this by integrating AI, RPA and people into the same platform. WorkFusion Smart Process Automation (SPA) lets customers automate more complex processes with unstructured work such as customer onboarding, trade finance and lending in banking, claims handling in insurance, and patient intake in healthcare. WorkFusion SPA captures data about the entire process and generates predictive and prescriptive analytics about workforce cost, capacity and productivity.
    Learn more by reading the complete report, available here.
    About WorkFusion​
    WorkFusion’s AI-driven RPA software creates and manages software robots for knowledge work. Built for data-first companies, its products automate business processes by combining AI, RPA and people in one intuitive platform. Top enterprises within global banking, insurance, healthcare and other data-intensive industries choose WorkFusion to reduce their cost of doing business and to use AI to overcome the complexity of scaling operations. WorkFusion is headquartered in New York City with offices in eight countries throughout Europe and Asia.
    Sumber : workfusion
    WorkFusion Named a Strong Performer in Robotic Process Automation, Recognized for Analytics and AI WorkFusion Named a Strong Performer in Robotic Process Automation, Recognized for Analytics and AI Reviewed by Sulhan on August 16, 2018 Rating: 5

    23 Fascinating Bitcoin And Blockchain Quotes Everyone Should Read

    August 16, 2018
    Even though Bitcoin and blockchain are still in their infancy, they have both been the “talk of the town” as experts contemplate the potential ramifications—good and bad—for virtually every industry. As the leading cryptocurrency, Bitcoin is the first exposure many people have to blockchain technology. Many compare the transformative effect of blockchain to the disruption caused by the Internet, search engines and Google that changed the way we work, shop and communicate with one another. Everyone from world leaders to CEOs, and industry experts to investors are being asked their thoughts about Bitcoin and blockchain. Here are just a few of their opinions.
    “It’s gold for nerds.” —Stephen Colbert, Comedian
    “Bitcoin will do to banks what email did to the postal industry.” —Rick Falkvinge, Founder of the Swedish pirate party
    “Bitcoin is a technological tour de force.” —Bill Gates, co-founder of Microsoft, investor, and philanthropist
    “Every informed person needs to know about Bitcoin because it might be one of the world’s most important developments.” —Leon Luow, Nobel Peace Prize nominee
    “Bitcoin is the most important invention in the history of the world since the Internet.”—Roger Ver, Bitcoin angel investor, and evangelist
    “Bitcoin, and the ideas behind it, will be a disrupter to the traditional notions of currency. In the end, currency will be better for it.”—Edmund Moy, 38th Director of the United States Mint
    “Stay away from it. It’s a mirage, basically. In terms of cryptocurrencies, generally, I can say almost with certainty that they will come to a bad ending.”—Warren Buffet, CEO of Berkshire Hathaway
    “Still thinking about #Bitcoin. No conclusion – not endorsing/rejecting. Know that folks also were skeptical when paper money displaced gold.” —Lloyd Blankfein, CEO of Goldman Sachs
    “[Bitcoin] is a very exciting development, it might lead to a world currency. I think over the next decade it will grow to become one of the most important ways to pay for things and transfer assets.” —Kim Dotcom, CEO of MegaUpload
    “It’s money 2.0, a huge huge huge deal.”—Chamath Palihapitiya, the previous head of AOL instant messenger
    “[Virtual currencies] may hold long-term promise, particularly if the innovations promote a faster, more secure and more efficient payment system.”—Ben Bernanke, Chairman of the Federal Reserve
    “There are 3 eras of currency: Commodity based, politically based, and now, math based.”—Chris Dixon, Co-founder of Hunch now owned by eBay, Co-founder of SiteAdvisor now owned by McAfee
    “I am very intrigued by Bitcoin. It has all the signs. Paradigm shift, hackers love it, yet it’s derided as a toy. Just like microcomputers.” —Paul Graham, Creator of Yahoo Store
    “I really like Bitcoin. I own Bitcoins. It’s a store of value, a distributed ledger. It’s also a good investment vehicle if you have an appetite for risk. But it won’t be a currency until volatility slows down.” —David Marcus, CEO of Paypal
    “Bitcoin is a classic network effect, a positive feedback loop. The more people who use Bitcoin, the more valuable Bitcoin is for everyone who uses it, and the higher the incentive for the next user to start using the technology. Bitcoin shares this network effect property with the telephone system, the web, and popular Internet services like eBay and Facebook.” —Marc Andreessen, entrepreneur & investor
    “Instant transactions, no waiting for checks to clear, no chargebacks (merchants will like this), no account freezes (look out Paypal), no international wire transfer fee, no fees of any kind, no minimum balance, no maximum balance, worldwide access, always open, no waiting for business hours to make transactions, no waiting for an account to be approved before transacting, open an account in a few seconds, as easy as email, no bank account needed, extremely poor people can use it, extremely wealthy people can use it, no printing press, no hyperinflation, no debt limit votes, no bank bailouts, completely voluntary. This sounds like the best payment system in the world!”—Trace Mayer J.D., a leading expert on Bitcoin and gold
    “Bitcoin is a remarkable cryptographic achievement, and the ability to create something that is not duplicable in the digital world has enormous value” —Eric Schmidt, CEO of Google
    “You can’t stop things like Bitcoin. It will be everywhere, and the world will have to readjust. World governments will have to readjust” —John McAfee, Founder of McAfee
    “Virgin Galactic is a bold entrepreneurial technology. It’s driving a revolution. And bitcoin is doing just the same when it comes to inventing a new currency.” —Richard Branson, entrepreneur, business owner for Virgin empire
    “Ten percent of my net worth is in this space.”—Mike Novogratz, hedge fund manager, Galaxy Digital Assets
    “Blockchain is the tech. Bitcoin is merely the first mainstream manifestation of its potential.”—Marc Kenigsberg, founder of Bitcoin Chaser
    “Whereas most technologies tend to automate workers on the periphery doing menial tasks, blockchains automate away the center. Instead of putting the taxi driver out of a job, blockchain puts Uber out of a job and lets the taxi drivers work with the customer directly.” —Vitalik Buterin, co-founder Ethereum and Bitcoin Magazine
    “Maybe I’m just too old, but I’m going to let this mania go on without me.” —Jeffrey Gundlach, DoubleLine Capital CEO and Chief Investment Officer
    Source: forbes.com
    23 Fascinating Bitcoin And Blockchain Quotes Everyone Should Read 23 Fascinating Bitcoin And Blockchain Quotes Everyone Should Read Reviewed by Sulhan on August 16, 2018 Rating: 5

    Bitcoin Snaps Five-Day Winning Streak as Volatility Accelerates

    August 16, 2018

    Bitcoin holders may have gotten a brief reprieve earlier this month after a rough January, but it didn’t last long.
    The top digital coin fell as much as 12 percent Wednesday, whipsawing investors who were just starting to take a deep breath after last month’s market rout. Other tokens have also suffered declines in the past 24 hours. The overall cryptocurrency market is now worth $457 billion, down about $55 billion from a day ago, according to Coinmarketcap.com.
    Venezuela’s new digital currency, Petro, has drawn criticism from the crypto community this week, possibly prompting doubts about the likelihood of digital coins going mainstream.
    Petro is “a stunt” and not a cryptocurrency, Placeholder Ventures’ Chris Burniske, who authored the book “Cryptoassets,” said in a Bloomberg Radio interview.
    Source: bloomberg.com
    Bitcoin Snaps Five-Day Winning Streak as Volatility Accelerates Bitcoin Snaps Five-Day Winning Streak as Volatility Accelerates Reviewed by Sulhan on August 16, 2018 Rating: 5

    Bitcoin Dominance Is Up Again, A Bull Run Would Be A Landmark Event

    August 16, 2018

    With the markets still suffering in the wake of the United States Securities and Exchange Commission (SEC) decision to delay their Bitcoin ETF announcement, we want to turn to the current standings to assess what could happen over the next few weeks. We must bear in mind that during September, a number of ETF announcements are due to be made, meaning that what we have seen this week could be amplified on a massive scale through September, or, September could well see the start of a number of bull runs, encouraged by a positive ETF announcement, or nine.
    Please note that this is not investment advice, cryptocurrency investment is risky business and nobody can ever predict how the markets will perform. As values can fly, they can crash too so don’t base your investment decisions on this article. Yes, use it to enhance your research, but decisions should be made on your own terms. Success can only be found in trading safe.
    So, at the time of writing, Bitcoin dominance stands at 49%. This means that almost 50% of the total market capitalisation for all cryptocurrencies exists within Bitcoin. Bitcoin has a very strong grip on the markets at the moment. Now, we must consider that the last time Bitcoin dominance climbed at the rate we are seeing, we concluded with a bull run that took Bitcoin to $20,000.00. I’m not saying the 49% dominance of now will make that happen again any time soon, but, high dominance is a good indication that something positive could happen.
    If, this does happen, part of Bitcoins dominance means that it will lead the markets too. So, when Bitcoin starts to climb, so will Ethereum, XRP, Bitcoin Cash, EOS, Stellar etc. If this happens, a sudden rise here and there will take hold, pushing values up and inspiring new investment. The final outcome?
    A bull run.
    We could well see Bitcoin reach $20,000.00 off the back of its new surge in dominance, though as I have stated this can’t be guaranteed. One thing we do know for sure though, Bitcoin does have a great deal of power right now. One positive ETF decision might be all the markets need to take off. This could be the small spark the markets need to start a real fire in order to take a leap back up to those all time highs that many so sorely miss.
    Source: cryptodaily.co.uk
    Bitcoin Dominance Is Up Again, A Bull Run Would Be A Landmark Event Bitcoin Dominance Is Up Again, A Bull Run Would Be A Landmark Event Reviewed by Sulhan on August 16, 2018 Rating: 5
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