ROCKING OUR WORLD: BlackRock, the world's largest investment management company, is reportedly getting serious about cryptocurrencies and blockchain technology. The firm has formed a working group to investigate ways it can “take advantage” of the sector. Full Story
DON'T SLEEP ON THIS: Schnorr, arguably the biggest potential change to bitcoin since Segregated Witness, moves one step further, as the influential developer Pieter Wuille unveiled a draft outlining its technical makeup.
Once implemented, the code optimization is expected to improve the scaling and privacy of the world's first and most valuable cryptocurrency. Full Story
OLDEST PROFESSSION: PinkDate, which bills itself as a crypto-powered “Uber of escorting,” is raising red flags for sex workers who consider the platform's business model unsafe and exploitative. Full Story |
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 At Finova Financial, we see blockchain and crypto replacing Wall Street with something bigger and better. Taking business and investment to the blockchain will lower barriers to entry while creating a more transparent and agile environment for enterprises and entrepreneurs. Visit our website and see what blockchain and crypto pioneers like Jeremy Gardner and Finova’s Gregory Keough have to say. Learn More |
LOOKING BULLISH: Bitcoin is trading at a six-day high despite low investor participation, creating a bullish setup on the technical charts. It is likely that the price could rise to $6,838 in the next day or two. Full Story
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BEST OF THE BEST
THE WALL STREET JOURNAL: The paper takes a deep look into the rising number of hacks at cryptocurrency exchanges and other platforms.
Since 2011, there have been 56 cyberattacks with an estimated combined loss of $1.63 billion on exchanges, initial coin offerings and other platforms around the globe, according to the Journal's tally, with Asia the center of the attacks.
The fact that cryptocurrency exchanges hold the money for their customers has made these exchanges alluring targets for crypto thieves, the article notes. They are “easy to breach, with minimum effort and expense from attackers and with maximum return on investment,” a cybersecurity expert is quoted as saying.
THE REST
BLOOMBERG: Wall Street professionals can officially take classes on the crypto sector at CFA Institute starting in 2019.
The non-profit organization, which has trained more than 150,000 financial analysts, is adding topics on cryptocurrencies and blockchain technology to its curriculum for the first time. The news wire called this a “definitive sign” that cryptocurrencies have arrived on Wall Street.
THE WALL STREET JOURNAL: This analysis piece by columnist Andy Kessler considers the potential for blockchain networks to disrupt Google, though it's not exactly clear how.
The futurist George Gilder is quoted as saying that an abundant supply of global "blockchain servers" could likely “marshal a virtual planetary parallel computer that dwarfs the CPU and GPU arrays in Google data centers with their mere millions of servers.”
Sounds like ethereum's "world computer," although bitcoin is the only blockchain mentioned in the piece. |
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