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Australia’s #Gold Mint Is Backing a #Crypto Token Based on #Ethereum – SPONSOR: ThreeD Capital $IDK.ca $HIVE.ca $BLOC.ca $CODE.ca

Posted by AGORACOM-JC at 10:03 AM on Friday, October 11th, 2019

SPONSOR: ThreeD Capital Inc. (IDK:CSE) Led by legendary financier, Sheldon Inwentash, ThreeD is a Canadian-based venture capital firm that only invests in best of breed small-cap companies which are both defensible and mass scalable. More than just lip service, Inwentash has financed many of Canada’s biggest small-cap exits. Click Here For More Information.

IDK: CSE

Australia’s Gold Mint Is Backing a Crypto Token Based on Ethereum

  • Perth Mint Gold Token (PMGT) was launched by InfiniGold on Friday, and is backed 1:1 by GoldPass certificates issued by The Perth Mint.
  • The digital certificates are 100% gold backed and guaranteed by the Government of Western Australia, which is the sole owner of the 120-year-old mint.

By: Daniel Palmer

Australia’s only bullion mint is backing a new digital token aimed to allow investors to trade the precious metal in real time.

The Perth Mint Gold Token (PMGT) was launched by InfiniGold on Friday, and is backed 1:1 by GoldPass certificates issued by The Perth Mint. The digital certificates are 100% gold backed and guaranteed by the Government of Western Australia, which is the sole owner of the 120-year-old mint.

“PMGT is digitised gold that allows users to conveniently acquire and have entitlement over government guaranteed physical gold stored at The Perth Mint in a trusted and cost-effective way,” InfiniGold said in an announcement.  The token – designed with the assistance of professional services firm Ernst and Young – is aimed to offer an alternative to traditional gold investment products such as ETFs, while using blockchain tech to allow real-time trading and settlement.

InfiniGold CEO Andreas Ruf said:

“With The Perth Mint as custodian of the underlying physical gold that backs PMGT, buyers will be able to access a secure and reliable token representing the strongest asset class to date – gold.”

As far as the underlying tech goes, PMGT is a compatible with the ERC-20 standard behind by many ethereum-based tokens. InfiniGold is further touting the token as an alternative to U.S. dollar-backed stablecoins such as tether and USD Coin.

Perhaps taking aim at tether – the top stablecoin by market cap that’s faced accusations that it manipulated the price of bitcoin and was not actually fully backed by USD â€“ InfiniGold said PMGT’s gold backing offers investors “superior transparency, credit quality, risk diversification and hedging against market volatility.”

Investors are able to sell their PMGT  back to The Perth Mint via its GoldPass platform, or alternatively can exchange their certificates for gold the mint’s products. “Subject to final regulatory consultation, this will make PMGT directly tradable against traditional gold products, including gold ETFs, CME gold futures, and physical XAU,” said the company.

Richard Hayes, Perth Mint CEO, said in the announcement:

“The digitisation of gold via a public ledger is a natural progression for the global commodity markets. It will promote gold as a mainstream asset, enhance its accessibility, and offer greater liquidity, transparency and auditability of the real assets backing this type of digital token.”

The launch comes as haven assets like gold, and possibly bitcoin, are becoming more attractive to investors. Fears of a U.S. recession have seen gold prices bounce in recent weeks, and other companies are launching products to capitalize on the yellow metal’s growing popularity.

Just yesterday, crypto liquidity and OTC provider B2C2 launched the first gold derivatives product that synthetically trades against bitcoin and is targeted at investors seeking safety from market uncertainty.

Source: https://www.coindesk.com/australias-gold-mint-is-backing-a-crypto-token-on-ethereum

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Posted in Bitcoin, Blockchain stocks, Canadian Blockchain Stocks, Smallcap Blockchain stocks, ThreeD, ThreeD Capital | Comments Off on Australia’s #Gold Mint Is Backing a #Crypto Token Based on #Ethereum – SPONSOR: ThreeD Capital $IDK.ca $HIVE.ca $BLOC.ca $CODE.ca

ThreeD Capital Inc. $IDK.ca – Experts Weigh In On The Future of #Bitcoin and #Blockchain $HIVE.ca $BLOC.ca $CODE.ca

Posted by AGORACOM-JC at 4:45 PM on Tuesday, October 8th, 2019

SPONSOR: ThreeD Capital Inc. (IDK:CSE) Led by legendary financier, Sheldon Inwentash, ThreeD is a Canadian-based venture capital firm that only invests in best of breed small-cap companies which are both defensible and mass scalable. More than just lip service, Inwentash has financed many of Canada’s biggest small-cap exits. Click Here For More Information.

IDK: CSE

Experts Weigh In On The Future of Bitcoin and Blockchain

  • Both Bitcoin and blockchain have not only garnered the interest of investors, speculators, and even businesses, it has also caught the attention and piqued the curiosity of some of the world’s greatest minds and thinkers.
  • In a new report, a panel of experts from the business world and finance industry were asked to supply their views on Bitcoin and what its long-term potential may be.

By: Tony Spilotro

Bitcoin is a revolutionary new technology that has taken the world by storm, and could not only disrupt modern financial systems, but it could also go on to replace all fiat currencies and become the sole digital currency used across the globe.

With so much potential, even experts have joined in on speculating over the king of speculative assets, and have weighed in on their expectations for the first-ever crypto asset.

The Smartest Minds in Tech and Finance on Bitcoin and Blockchain

Bitcoin is a powerful, decentralized digital cash system, that could potentially change the world and redefine money as the world knows it. It also brought with it the emergence of blockchain – a distributed ledger technology with a number of use cases that could revolutionize many industries.

Both Bitcoin and blockchain have not only garnered the interest of investors, speculators, and even businesses, it has also caught the attention and piqued the curiosity of some of the world’s greatest minds and thinkers. 

In a new report, a panel of experts from the business world and finance industry were asked to supply their views on Bitcoin and what its long-term potential may be. As one would expect, the sentiment surrounding Bitcoin is mixed, with some realizing the disruptive potential it wields, while others were quick to dismiss the asset as a vehicle for criminal activities.

Sabrina T. Howell, Assistant Professor, Finance, NYU Stern School of Business & NBER believes that Bitcoin has some serious hurdles to overcome, namely the cryptocurrency’s “7 transactions per second.” Instead, Howell sees the real disruptive value provided by blockchain, and cites how the technology will soon be rolled out to better manage quality control surrounding green, leafy vegetables that are known to carry food-borne illness.

Garrick Hileman, Head of Research at Blockchain and Researcher at the London School of Economics, cited Bitcoin’s recent safe-haven asset narrative, and claims its been a factor in the asset’s “3x price appreciation this year in the wake of US-China trade disputes, challenges to central bank independence, Brexit and other European political turmoil, and the return of financial instability to Argentina and other emerging markets.”

James Grimmelman, Professor of Law, Cornell Tech claims that Bitcoin will continue to be forked again and again, because “humans have never been great at consensus, not even with the help of cryptography.”

Researchers Steven Goldfeder, Ghassan Karame, and Linda Schilling, all believe that Bitcoin will need to beat out stiff competition from other, newer altcoins that alleviate the issues related to Bitcoin as it currently stands.

All experts also commented on how regulation is paramount to Bitcoin becoming widely adopted and saw the technology as something with incredible, currently untapped potential.

Source: https://www.newsbtc.com/2019/10/08/experts-weigh-in-on-the-future-of-bitcoin-and-blockchain/

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Posted in Blockchain stocks, Canadian Blockchain Stocks, Smallcap Blockchain stocks, ThreeD, ThreeD Capital | Comments Off on ThreeD Capital Inc. $IDK.ca – Experts Weigh In On The Future of #Bitcoin and #Blockchain $HIVE.ca $BLOC.ca $CODE.ca

ThreeD Capital Inc. $IDK.ca Announces Completion of its USD$500,000 Commitment Into #TODAQ $HIVE.ca $BLOC.ca $CODE.ca

Posted by AGORACOM-JC at 9:42 AM on Tuesday, October 1st, 2019
IDK: CSE
  • Completed its commitment of USD$500,000 to acquire 248,201 Preferred Series A-1 Stock in TODAQ Holdings Inc.
  • The Subject Shares represent approximately 1.3% fully diluted of all issued and outstanding preferred and common shares of TODAQ as of September 30, 2019.

TORONTO, Oct. 01, 2019 — ThreeD Capital Inc. (the “Company”) (CSE:IDK), a Canadian-based venture capital firm focused on investments in promising, early stage companies and ICOs with disruptive capabilities is pleased to announce that it has completed its commitment of USD$500,000 to acquire 248,201 Preferred Series A-1 Stock (the “Subject Shares”) in TODAQ Holdings Inc. (“TODAQ”). The Subject Shares represent approximately 1.3% fully diluted of all issued and outstanding preferred and common shares of TODAQ as of September 30, 2019. The Subject Shares have been acquired in a series of private placements and not through the facilities of any stock exchange. The Company, through the preferred stock acquisition, also receive Toda Notes (“TDN”) royalty rights of approximately 175 million TDN out of a total supply of 237 TDN, representing approximately 0.13% of the total TDN supply. 

“I’m pleased to announce the close of this important investment. We’ve followed our thesis of investing in secure, efficient, confidential, scalable and interoperable decentralized technology and focusing on fundamentals rather than the hype cycle of a still nascent industry. I’m looking forward to bringing the TODAQ enablement factor to bear across our other investment verticals,” said ThreeD’s Founder, Chairman and CEO Sheldon Inwentash.

TODAQ is a founder of the Sovereignty Tech movement and aims to restore ownership and control of identity, assets and data for all as a human right.  The company serves businesses, financial institutions and governments and offers the open API TaaS (TODA-as-a-service’) platform which provides ownership management and settlement for all digital assets. It is powered by TODA, a decentralized protocol for ownership management. It enables the secure and efficient creation, ownership and transfer of meaningful digital assets and can be hosted fully on just mobile devices. TODA’s proof of provenance data structure can wrap any type of data, providing a transferrable, self-contained, immutable proof of its history and integrity. The uniqueness enforced by the proof of provenance also allows the creation and distribution of assets that carry real value, without a central management system like a ledger or database. TODA enables digital things to behave like tangible assets.

“Over the course of this last year working with ThreeD Capital as our investor, we’ve brought academic institutions in to collaborate on TODA Protocol decentralization and R&D, built the first version of the TODA Protocol into an enterprise grade open API platform called TaaS, partnered with global corporations in preparation to scale out to the first hundreds of thousands of people, and readied ourselves to launch and exchange list the TODA Note, the first decentralized digital asset on TODA designed to support real economy utility. We’re looking forward to integrating ThreeD Capital as our Canadian investor partner, and its portfolio, into our main partners markets in Asia, Middle East and Europe,” said Hassan Khan, the Co-Founder and CEO of TODAQ.

The TODA Note is a reserve backstopped digital note designed to accelerate commerce and industry as well as complement existing fiat currencies (which can also be put directly on the TODA). Due to the TODA Protocol’s efficiency, TDN is not needed to settle or reach consensus on transactions of TODA based digital assets. There will be a total of 237 cryptographically generated TDN, with a distribution period of about ten years to place the entire supply into the global market. Any node or low power device taking part in distributed consensus or settlement work can also have a very small probability of generating a net new TDN so that there is a slow but capped inflation of the overall TDN supply over time. 

To find out more about TODAQ’s mechanisms and value proposition, please visit https://www.todaqfinance.com/.

About ThreeD Capital Inc.

ThreeD is a publicly-traded Canadian-based venture capital firm focused on opportunistic investments in companies in the Junior Resources, Artificial Intelligence and Blockchain sectors. ThreeD seeks to invest in early stage, promising companies and ICOs where it may be the lead investor and can additionally provide investees with advisory services, mentoring and access to the Company’s ecosystem.

For further information:
Sheldon Inwentash, CPA, CA. LL.D.
Chairman and Chief Executive Officer
[email protected]
Phone: 416-941-8900

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Posted in Canadian Blockchain Stocks, Smallcap Blockchain stocks, ThreeD | Comments Off on ThreeD Capital Inc. $IDK.ca Announces Completion of its USD$500,000 Commitment Into #TODAQ $HIVE.ca $BLOC.ca $CODE.ca

ThreeD Capital Inc. $IDK.ca – CIOs can’t ignore these 5 realities of #blockchain $HIVE.ca $BLOC.ca $CODE.ca

Posted by AGORACOM-JC at 3:18 PM on Thursday, September 19th, 2019

SPONSOR: ThreeD Capital Inc. (IDK:CSE) Led by legendary financier, Sheldon Inwentash, ThreeD is a Canadian-based venture capital firm that only invests in best of breed small-cap companies which are both defensible and mass scalable. More than just lip service, Inwentash has financed many of Canada’s biggest small-cap exits. Click Here For More Information.

IDK: CSE

CIOs can’t ignore these 5 realities of blockchain

By Rajesh Kandaswamy
Gartner, Inc.
  • What would happen if a car automatically negotiated its own insurance rate, or if centralized banks were no longer necessary to verify payments?
  • What if neighbors could buy energy directly from each other’s solar panels? What if a contract enforced its own clauses?

These scenarios might seem overly futuristic, but the reality is that blockchain could make all of them possible. The more important question is how might these changes affect the enterprise, and how can the organization take advantage of this technology? 

Few enterprises have deployed blockchain, yet it can significantly impact broad swaths of the business. The low adoption of blockchain technologies lulls many CIOs into thinking they don’t yet have to take action, yet the opportunities for blockchain technology are massive. 

Only 4 per cent of enterprises expect that blockchain will be a game-changer for them, according to the 2019 Gartner CIO Survey. Furthermore, only 11 per cent of enterprises have deployed — or will deploy over the next year — even minimal, blockchain-inspired technologies. CIOs need to start thinking about what value blockchain can add to their organization and how to tackle its challenges over the next five years.

Reality #1: Blockchain provides a spectrum of opportunities that evolve over time

Blockchain is not a monolithic technology. The term blockchain actually encompasses a wide range of technologies, from smart contracts to tokens to consensus models that will continuously mature and become available. In turn, CIOs should plan for incremental evolution of their own blockchain strategies. 

Blockchain technologies fall into four phases on the Gartner Blockchain Spectrum:

  1. Blockchain-enabling: These are the building blocks of blockchain, including encryption and consensus algorithm, distributed computing infrastructures, tokens and others. 
  2. Blockchain-inspired: Technologies in this stage combine some elements of blockchain, but lack two core elements: decentralization and tokenization. 
  3. Blockchain-complete: These solutions have all five elements of blockchain. They are decentralized, immutable, encrypted, tokenized and distributed.
  4. Blockchain-enhanced: Alongside the five elements of blockchain, blockchain-enhanced is combined with technologies such as artificial intelligence (AI) and the Internet of Things (IoT) for more intelligent solutions. 

Reality #2: Blockchain can change your operating model, not necessarily your business model, in the next 5 years

While blockchain will eventually change the core of a business, in the next five years it will mostly affect how an organization executes its business. Focusing solely on how blockchain is being used today (i.e. efficiency and record keeping) is limiting. CIOs should look for opportunities to leverage blockchain technology for deeper business changes that can drive real value. 

Begin by looking for areas where blockchain could strengthen the organization’s value proposition, and propose projects that could truly differentiate the organization. Put real thought into how this technology could benefit the business, versus just purchasing a cool “disruptor” venue. 

Reality #3: Blockchain offers the ability to create a multi-asset digital economy

It’s time to think creatively about tokenization and digitally representing assets in the marketplace. For some organizations this will increase efficiency, and for others, it will enable entirely new markets. Consider how tokenization would be helpful in current business operations and in the future, and talk to ecosystem partners about tokenization’s potential and challenges. 

Reality #4: Blockchain enables a new society, but doesn’t solve trust problems at all levels

One of the main elements of blockchain is decentralization. It removes central authorities from the process and enables a level of trust between two parties who have never done business together. This means that the definition of participant will expand beyond individuals and businesses to include smart contracts, distributed ledgers, connected things and DAOs. 

Blockchain will facilitate the interactions between all of these participants and enable a new society, but it cannot solve all trust problems. For example, any goods that are physical or not completely digital, would gain limited (if any) trust value. Create a map that highlights potential gaps and weak spots, and don’t oversell blockchain technologies to executives as a solution to every problem. 

Reality #5: The programmable economy will set the terms of competition in the future

The reality is that blockchain and its core elements will radically alter not only the business world, but the world in which businesses exist. Blockchain will allow autonomous ecommerce and eventually a programmable economy. 

A programmable economy results from applying distributed computational resources, such as blockchain at scale, in a decentralized manner to support exchanges of monetary and nonmonetary value between people, organizations and artificial agents that have a legal standing equivalent to today’s corporations and individuals. This will eventually evolve into a digital society, as consumers change behaviors and adopt new practices. Organizations will need to develop the technology, but also the ethics and practices to exist in the digital society. 

Rajesh Kandaswamy is a Research Vice President and a Gartner Fellow in Gartner’s Technology and Service Provider research practice. His responsibilities include helping establish the direction of research for emerging technologies and industries, as well as co-leading blockchain research enterprisewide at Gartner. His Gartner Fellows research is on how technology will radically transform the concept of an organization.

Source: https://www.itworldcanada.com/blog/cios-cant-ignore-these-5-realities-of-blockchain/421985

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#Bitcoin Price Hovers Around $10,000, Analysts Urge Buyers to Accumulate, Bodes Well For #ThreeD Capital $IDK.ca Diverse #Crypto Holdings $HIVE.ca $BLOC.ca $CODE.ca

Posted by AGORACOM-JC at 9:55 AM on Monday, September 9th, 2019

SPONSOR: ThreeD Capital Inc. (IDK:CSE) Led by legendary financier, Sheldon Inwentash, ThreeD is a Canadian-based venture capital firm that only invests in best of breed small-cap companies which are both defensible and mass scalable. More than just lip service, Inwentash has financed many of Canada’s biggest small-cap exits. Click Here For More Information.

IDK: CSE

Bitcoin Price Hovers Around $10,000, Analysts Urge Buyers to Accumulate, Bodes Well For ThreeD Capital

by Bhushan Akolkar

  • As the Bitcoin price consolidate around $10,000 level, analysts tell investors that now is the time to remain bullish and accumulate more BTC tokens in their wallets.

After making a recovery above $10,000 last week, the Bitcoin price is hovering above $10,000 levels now. Last week, Bitcoin was riding on an upward momentum until Thursday, where it hit its weekly high of $10,850. However, post that the momentum has again turned south for the world’s largest cryptocurrency.

In the last three days, Bitcoin lost nearly $700 of its price. At the press time, Bitcoin is trading at $10,151 with a market cap of $181 billion. But there’s a good amount of trading activity in Bitcoin with 24-hour trading volumes crossing $14 billion. Bitcoin still dominates a massive 69.8% share in the overall cryptocurrency market cap.

However, some analysts feel that this is the right time to buy more Bitcoins. They are urging investors to make the most of this moment and stash as many BTC tokens as per their appetite.

Bitcoin Bull Market Is Now On

Bitcoin investor and partner at Adamant Capital, Tuur Demeester compares this time with the “post-ICO-bubble bull market”. Demeester calls for “a screaming buy” on Bitcoin. Besides, he also predicts that Bitcoin price will just sky-rocket as the Amazon stock did over the last two decades.

He says that just like Bitcoin, Amazon stock showed massive volatility in its first decade of listing. Thus, he believes that weathering this roller-coaster ride, Bitcoin will ultimately emerge victoriously.

Source: https://www.coinspeaker.com/bitcoin-price-10000-byuers-accumulate/

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Posted in Bitcoin, Canadian Blockchain Stocks, Smallcap Blockchain stocks, ThreeD, ThreeD Capital | Comments Off on #Bitcoin Price Hovers Around $10,000, Analysts Urge Buyers to Accumulate, Bodes Well For #ThreeD Capital $IDK.ca Diverse #Crypto Holdings $HIVE.ca $BLOC.ca $CODE.ca

A Top #Apple Executive Reveals the Company Thinks #Crypto Has ‘interesting long-term potential’ – Bodes Well For ThreeD’s $IDK.ca Vast Crypto Holdings

Posted by AGORACOM-JC at 9:15 AM on Friday, September 6th, 2019

SPONSOR: ThreeD Capital Inc. (IDK:CSE) Led by legendary financier, Sheldon Inwentash, ThreeD is a Canadian-based venture capital firm that only invests in best of breed small-cap companies which are both defensible and mass scalable. More than just lip service, Inwentash has financed many of Canada’s biggest small-cap exits. Click Here For More Information.

IDK: CSE

A Top Apple Executive Reveals the Company Thinks Crypto Has ‘interesting long-term potential’ – Bodes Well For ThreeD’s Vast Crypto Holdings

  • Vice president of Apple Pay Jennifer Bailey told CNN Business during a private event in San Francisco that Apple is “watching cryptocurrency,” adding the company thinks “it has interesting long-term potential.”
  • The comments follow Apple’s latest push into consumer finance products, with its Apple Card credit card releasing in August in collaboration with Goldman Sachs and Mastercard.
  • Apple’s potential move into digital coins would serve as “a major shot in the arm for crypto,” Wedbush Securities analyst Dan Ives told CNN Business.

By: Ben Winck

An Apple executive said the tech giant is keeping an eye on cryptocurrencies during a private event in San Francisco, saying digital coins have “interesting long-term potential.”

“We’re watching cryptocurrency. We think it’s interesting,” vice president of Apple Pay Jennifer Bailey told CNN at the event. “We think it has interesting long-term potential.”

She addressed the new asset class as part of a talk on the future of digital payments and the company’s push into the sector.

Bailey’s comments follow the August release of the Apple Card, a credit card made in collaboration with Mastercard and Goldman Sachs. The card served as the first major expansion of Apple’s consumer finance products since Apple Pay launched in October 2014.

Apple’s potential move into digital coins would serve as “a major shot in the arm for crypto,” Wedbush Securities analyst Dan Ives told CNN Business. He added that the interest in crypto “could make sense given its sights on further monetizing its consumers.”

The introduction of finance products would fall in line with Apple’s continued push into service revenue growth. Its Services business now contribute to more than one-fifth of the company’s quarterly income, and upcoming offerings like Apple TV+ and Apple Arcade could further boost its earnings.

Source: https://markets.businessinsider.com/currencies/news/top-apple-executive-reveals-company-is-watching-cryptocurrency-2019-9-1028503107

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ThreeD Capital Inc. $IDK.ca – #Bitcoin And #Crypto Market Rally Looks Real: LTC, BNB, BCH, TRX Analysis $HIVE.ca $BLOC.ca $CODE.ca

Posted by AGORACOM-JC at 10:35 AM on Tuesday, September 3rd, 2019

SPONSOR: ThreeD Capital Inc. (IDK:CSE) Led by legendary financier, Sheldon Inwentash, ThreeD is a Canadian-based venture capital firm that only invests in best of breed small-cap companies which are both defensible and mass scalable. More than just lip service, Inwentash has financed many of Canada’s biggest small-cap exits. Click Here For More Information.

IDK: CSE

Bitcoin And Crypto Market Rally Looks Real: LTC, BNB, BCH, TRX Analysis

  • The total crypto market cap recovered nicely and broke the key $250.0B resistance area.
  • Bitcoin price is up more than 7% and it recently climbed above $10,400.
  • Binance coin (BNB) price is also gaining momentum and it recently broke the $22.50 resistance.
  • Litecoin (LTC) price is facing a few solid hurdles near the $68.00 and $70.00 levels.
  • BCH price is up more than 5% and it is about to break the $300 resistance area.
  • Tron (TRX) price is slowly moving towards the $0.0160 and $0.0162 resistance levels.

By: Aayush Jindal

The crypto market cap and bitcoin (BTC) are currently surging above key resistances. Ethereum (ETH), litecoin, ripple, BCH, TRX, XLM, BNB and EOS are also correcting higher.

Bitcoin Cash Price Analysis

BCH price formed a decent support base near the $280 level against the US Dollar. The BCH/USD pair started a solid upward move and broke the $290 resistance level. The price is currently up more than 5%, with an immediate resistance near the $300 level.

If the price surges above the $300 and $305 resistance levels, there could be more gains in the coming sessions. On the downside, the $290 level may now act as a support in the short term.

Binance Coin (BNB), Litecoin (LTC) and Tron (TRX) Price Analysis

Binance coin (BNB) price is also showing a lot of positive signs and it recently climbed above the $22.00 resistance area. BNB price is up around 6% and it is trading above the $22.50 resistance level. The next key resistances are near the $23.00 and $23.20 levels.

Litecoin price is still facing a lot of hurdles on the upside near the $68.00 and $70.00 level. LTC price must settle above the $70.00 level to start a decent upward move. On the downside, the main supports are near the $65.00 and $62.00 levels.

Tron price is slowly moving higher and is trading above the $0.0155 level. An immediate resistance is near the $0.0160 level, above which TRX price could climb further above the $0.0162 resistance level. The main supports on the downside are near $0.0152 and $0.0150.

Looking at the total cryptocurrency market cap 4-hours chart, there solid recovery initiated from the $235.0B support area. The market cap broke the $240.0B and $250.0B resistance levels to move into a positive zone. Moreover, there was a break above this week’s followed bearish trend lines near $248.0B and $252.0B. The market cap is now placed nicely above $250.0B and the 100 SMA on the same chart. Therefore, there could be more gains in bitcoin, Ethereum, EOS, litecoin, ripple, binance coin, BCH, TRX, XMR, XLM and other altcoins in the near term.

Source: https://www.newsbtc.com/2019/09/03/bitcoin-crypto-market-rally-ltc-bnb-bch-trx-analysis/

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ThreeD Capital Inc. $IDK.ca – Why Some Executives See #Crypto As A New Business Tool $HIVE.ca $BLOC.ca $CODE.ca

Posted by AGORACOM-JC at 5:18 PM on Wednesday, August 28th, 2019

SPONSOR: ThreeD Capital Inc. (IDK:CSE) Led by legendary financier, Sheldon Inwentash, ThreeD is a Canadian-based venture capital firm that only invests in best of breed small-cap companies which are both defensible and mass scalable. More than just lip service, Inwentash has financed many of Canada’s biggest small-cap exits. Click Here For More Information.

IDK: CSE

Why Some Executives See Crypto As A New Business Tool

  • Executives are leveraging blockchain-driven currency to axe business process friction or fuel innovative products and services.
  • Signals are building that more organizations recognize its alluring features as fuel for innovative products and services, or useful for axing friction in the business process behind a transaction.

By: Jason Abdilla, Unsplash

Many executives see blockchain-driven digital currency as a terribly clunky payment vehicle or speculative investment. But signals are building that more organizations recognize its alluring features as fuel for innovative products and services, or useful for axing friction in the business process behind a transaction.

Unlikely Bedfellows Align Around Feature-Rich Token Projects

For example, a group of 14 financial firms led by UBS Group AG and including Barclays PLC, Nasdaq Inc., Credit Suisse Group AG , Bank of New York Mellon Corp., and State Street Bank & Trust Co have created a new company, Fnality International, to control development of a bitcoin-like token that the firms plan to use to settle cross-border trades. The token, called utility settlement coin (USC), is designed so banks can settle transactions directly with each other without having to involve a third-party intermediary, removing layers of costs and inefficiency. JPMorgan Chase & Co. is taking a similar approach, creating a network of more than 250 members that is working on a token called JPM Coin. Twenty eight brands, led by Facebook and including Mastercard, Visa, Uber, Spotify, PayPal, and eBay have created the Libra Association to develop a token, which is named Libra. In so doing, unlikely bedfellows are coming together to take on the extremely difficult work of forging a new financial infrastructure, pioneering challenging territory in joint governance, and navigating regulatory uncertainty.

What Is So Compelling?

Blockchain-driven digital tokens have very attractive attributes that make it possible to do something totally new: merge business and operational activity with the movement of money. All of a sudden, money can be programmable—terms and conditions could be directly embedded into how money moves from one party to another. While this is certainly possible in today’s financial world, the potential to reduce the cost of doing so to writing a few lines of code is tantalizing.

For example, the USC token serves as a messenger that includes the data needed to complete a trade along with payment, which could cut transaction cost and time. A key feature of Facebook’s Libra is a programming language called Move that can be used to customize transaction logic and create “smart contracts” that dictate the conditions under which value is moved—an element which could fuel a range of financial innovations. Imagine a world in which a few lines of code ensure a transaction doesn’t take place until certain other conditions are met—an asset couldn’t be spent until a certain time in the future, or until a certain number of parties have registered their approval. While moving this logic to code comes with a new set of challenges (including the possibility of bugs and the open question of legal enforceability), pioneers imagine digital tokens flexibly embedded into existing products, used to create innovative bundling, or develop completely new financial products.

Digital tokens carry other attractive attributes as well. They are designed to be interoperable (they are more useful the more widely accepted they are, and so token development is a race to get the flywheel turning on network effects). They are typically traceable, so they provide clear auditability, and hold the potential to settle on a near-immediate basis.

By cutting out intermediaries, they also offer the prospect of a low-transaction cost global currency. According to Bloomberg, retailers are paying $90 billion in swipe fees on credit and debit cards every year. On August 14, supermarket giant Kroger stopped accepting Visa at 21 supermarkets and five gas stations because of what the company called “excessive fees”.

Digital tokens could eventually also serve as an efficient way to shape and align consumer or partner behavior, functioning as a high value rewards system, like a supercharged loyalty point. This has the potential to exert influence across a wide range of organizations and business objectives.

Regulators Are Taking These Signals Seriously

UNITED STATES – JULY 16: David Marcus, head of Facebook’s Calibra digital wallet service, prepares to testify during the Senate Banking, Housing and Urban Affairs Committee hearing on “Examining Facebook’s Proposed Digital Currency and Data Privacy CQ-Roll Call,Inc.

Momentum has been met with a heightened response from regulators and lawmakers. Facebook’s announcement of Libra led to heated U.S. Senate Banking Committee and the House Financial Services Committee held hearings. At the hearings, Senate Banking Chairman Mike Crapo of Idaho painted the complexity ahead, “Libra is based on a relatively new and continually evolving technology in which it is not entirely clear how existing laws and regulations apply.” The Financial Stability Oversight Council, an umbrella group of regulators that includes the Fed, has formed a working group to discuss oversight of digital assets. The Group of Seven (G7) industrialized nations have elevated cryptocurrencies to a priority issue, with finance ministers debating how global cryptocurrency could impact financial markets. Bank of England Governor Mark Carney even suggested central banks should consider joining forces to create a virtual currency (based on a network of digital central-bank currencies) that could ease the global economy’s reliance on the dollar and be used to facilitate cross-border trade and international payments.

Suddenly, the prospect of whether this new form of money could undermine the role of central banks or become a viable alternate to national currencies had become serious debate. This acknowledges the power and influence of the players exploring these new currencies as well as the complexity of projecting how they would operate in the wild.   

Canary In The Coal Mine?

Will these initial projects succeed or fail? It is too early to project the outcome of such early work in the space, much less how it could evolve as momentum builds. However, we are seeing clear signals that there is hunger for the features and functionality blockchain-driven digital tokens and currency make possible. And many in the space are taking the position that it’s inevitable that something like these early projects will ultimately come to market, even if the initial attempts fail to make it through the regulatory gauntlet. It is likely we will see a race for innovation in this space, one that could blur the lines between the financial services industry and other sectors, and even the role of nation-states versus corporations.

Source: https://www.forbes.com/sites/alisonmccauley/2019/08/28/why-some-executives-see-crypto-as-a-new-business-tool/#676b926c37ae

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ThreeD Capital Inc. $IDK.ca – How #Blockchain can further the cause of electric vehicles #EV $HIVE.ca $BLOC.ca $CODE.ca

Posted by AGORACOM-JC at 10:37 AM on Thursday, August 15th, 2019

SPONSOR: ThreeD Capital Inc. (IDK:CSE) Led by legendary financier, Sheldon Inwentash, ThreeD is a Canadian-based venture capital firm that only invests in best of breed small-cap companies which are both defensible and mass scalable. More than just lip service, Inwentash has financed many of Canada’s biggest small-cap exits. Click Here For More Information.

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How Blockchain can further the cause of electric vehicles

 Leslie D’Monte

  • According to researchers, EV charging infrastructure could get a further boost if blockchain is integrated into energy systems
  • Countries such as India and those in the European Union are pulling out all the steps to strengthen the EV ecosystem

Bengaluru: Charged up with the idea that electric vehicles (EVs) hold the future of energy and transportation, many countries such as India and those in the European Union are pulling out all the steps to strengthen the EV ecosystem with battery storage manufacturing plants, besides offering a host of financial and tax incentives.

While all these initiatives are steps in the right direction, many researchers believe the EV charging infrastructure could get a further boost if blockchain is integrated into energy systems.

A new study by researchers at the University of Waterloo, for instance, reveals that there is a lack of trust among charging service providers, property owners and owners of EVs. With an open blockchain platform, all parties will have access to the data and can see if it has been tampered with, researchers insist. Their reasoning is that using a blockchain-oriented charging system will allow EV owners to see if they are being overcharged while property owners will know if they are being underpaid.

Blockchain, primarily known for powering cryptocurrencies like bitcoins, is a form of Distributed Ledger Technology (DLT) that promises to reduce costs and establish trust, but faces challenges like the speed of processing transactions. Its popularity lies in the fact that participants have a copy of the ledger’s data that contains the most recent transactions or changes, thus reducing the need to establish trust using traditional methods.

“Energy services are increasingly being provided by entities that do not have well-established trust relationships with their customers and partners,” said Christian Gorenflo, a PhD candidate in Waterloo’s David R. Cheriton School of Computer Science, in a 14 August press statement. “In this context, blockchains are a promising approach for replacing a central trusted party, for example, making it possible to implement direct peer-to-peer energy trading,” he added.

In undertaking the study (recently published in the ‘Proceedings of the Tenth ACM International Conference on Future Energy Systems’), Gorenflo, his supervisor, professor Srinivasan Keshav of the Cheriton School of Computer Science, and Lukasz Golab, professor of Management Science, collaborated with an unnamed EV-charging service provider who works with property owners to install EV supply equipment that is used by EV owners for a fee.

The revenue stream from these charging stations is then shared between the charging service provider and each property owner. The EV supply equipment is operated by the charging service provider, so the property owners must trust the provider to compensate them fairly for the electricity used.

From the case study, the researchers deduced that to incorporate blockchain technology into an energy system, the involved parties must first establish trust between themselves. Second, the parties concerned should design a minimal blockchain system including smart contracts that resolves the trust issues identified in the first step. Finally, with the trust-mitigating blockchain in place, the rest of the system can be migrated iteratively over time. This allows the business model to eventually grow from a legacy/blockchain hybrid into a truly decentralized solution, the researchers said.

According to Gorenflo, “In the end, we could even have a system where there is machine-to-machine communication rather than people-to-machine. If an autonomous vehicle needs power, it could detect that and drive to the nearest charging station and communicate on a platform with that charging station for the power.”

While blockchain implementations in India especially have centred mostly around the banking, financial and insurance services sector (BFSI), Jio recently announced it will install one of the largest global blockchain networks in India, comprising “tens of thousands of nodes operational on day one”, over the next 12 months.

That said, integration of blockchain technology into energy trading is now being touted as a promising area of research, and many studies have made efforts in this regard.

Switzerland-based The Share&Charge Foundation, for instance, is building a decentralized blockchain system for EV charging, to support payment and contracts. It uses the Open Charge Point Interface protocol (OCPI) protocol for the peer-to-peer (P2P) connections between service providers and charge point operators. According to Share&Charge, the combination of OCPI with blockchain technology can result in secured contract and connections between parties and improved payment and settlement.

During the ‘Global Blockchain Congress–Consensus 2018’, organised by the Department of Information Technology and Electronics, Government of West Bengal in December 2018, researchers from New-Delhi based The Energy and Resources Institute (Teri) made a presentation on the ‘Application of Blockchain in Modern Day Power Systems: Trendsetting a New Paradigm’. Teri’s proposal, made by Alekhya Datta, Fellow, and Shashank Vyas, Associate Fellow, covered use cases for EVs, distributed battery storage, grid-connected microgrids, and rooftop solar PV project financing using blockchain.

As an example, the Teri researchers pointed out that privately-owned EV charging stations could be used to charge some vehicles passing near the station and the transaction of bids of charging station owners, power/energy flow, billing and real-time settlement of payments could be managed over a blockchain.

Similarly, IIT-Kanpur researchers have proposed that since current billing systems lack transparency, enabling the service provider to overcharge the customer, blockchain could be used to develop a “verifiable billing” system.

Source: https://www.livemint.com/

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ThreeD Capital Inc. $IDK.ca – Large Enterprises Are Betting On #Blockchain In 2019 $HIVE.ca $BLOC.ca $CODE.ca

Posted by AGORACOM-JC at 2:53 PM on Wednesday, August 14th, 2019

SPONSOR: ThreeD Capital Inc. (IDK:CSE) Led by legendary financier, Sheldon Inwentash, ThreeD is a Canadian-based venture capital firm that only invests in best of breed small-cap companies which are both defensible and mass scalable. More than just lip service, Inwentash has financed many of Canada’s biggest small-cap exits. Click Here For More Information.

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Large Enterprises Are Betting On Blockchain In 2019

  • First half of this year was full of blockchain developments led by large enterprises in almost all important sectors, including insurance, financial services, supply chain, healthcare and trade finance.

Biser Dimitrov Contributor

2019 is the year when the blockchain ecosystem and the crypto industry as a whole had to get sober. After a wild 2017 and a bear 2018, the blockchain space is back on an upwards trajectory with new developments. There are no more Initial Coin Offerings (ICOs) to distract the crypto ecosystem and the building mentality is back on. This post-ICO and post-useless-PR-partnerships age urges the blockchain community to be less focused on the current price of bitcoin and more focused on producing meaningful services and advancements. Big projects from established enterprises like Facebook Libra are taking all the media space now and this is net positive for the enterprise blockchain space as well.

The first half of this year was full of blockchain developments led by large enterprises in almost all important sectors, including insurance, financial services, supply chain, healthcare and trade finance.

There is a huge benefit in joining a specialized industry-focused blockchain consortium because you sit at the same table with your main competitors but at the same time you work toward the same goal. You are not alone in figuring out the benefits, implementations and roll-out of distributed ledger technologies. There is also a financial benefit when commonly building applications as sometimes the membership fee is lower than the cost of hiring and training blockchain developers. Some of the big names in leading blockchain consortia networks that have made significant progress so far in 2019 are:

  • B3i, a blockchain consortium focused on the insurance industry, recently launched its first live product on R3’s Corda platform. Their members include big insurance and reinsurers companies like Allianz, Munich Re, Swiss Re, Tokio Marine, XL Catlin and Zurich.
  • Energy Web Foundation (EWF) launched their enterprise-grade public blockchain with 17 applications already on it. That network consists of 100 affiliate members like Total, Shell, GE, Siemens, Duke Energy and PG&E.
  • Global Shipping Business Network (GSBN) was created by five of the ten largest container carriers: CMA CGM, COSCO SHIPPING Lines, Evergreen Marine, OOCL, and Yang Ming.
  • Two of the largest health insurance companies in the United States, Humana and UnitedHealth Group, have teamed up to tackle the massive datasets of provider demographic data from hospitals and medical partners.
  • Health Utility Network was formed by Aetna, Anthem, Health Care Service Corporation, PNC Bank and IBM to drive digital transformation and blockchain enabled-solutions within the healthcare industry.
  • In the space of trade finance, the biggest names are project Voltron, focusing on letters of credit; Marco Polo, implemented on R3’s Corda; and we.trade, which runs on IBM Blockchain and consists of 12 of the biggest European banks, including CaixaBank, Deutsche Bank, HSBC, Santander, Société Générale, UBS and UniCredit. They are all moving forward with pilots and we have seen live results, like the completed transaction between the European Union and Asia on Marco Polo.
  • The owners of the famous Louis Vuitton label, LMVH, launched a special blockchain that will help prove the authenticity of expensive goods. It is built on Ethereum with the help of Microsoft.
  • Samsung launched a consortium including six major South Korean companies, focused on launching a blockchain-based mobile ID system. The company is already pretty advanced in their blockchain and crypto developments with the release of the Galaxy S10 phone with designated crypto wallet and Blockchain Keystore online app marketplace. Moreover, Samsung released a developer-friendly Blockchain SDK.
  • The IBM Food Trust network launched. Built on Hyperledger Fabric, the network aims to create a traceable audit log for time-sensitive foods and when an issue occurs, the network participants will be able to pinpoint exactly where the damaged items shipped and won’t have to empty all their shelves. The consortium consists of companies like the European giant Carrefour, Walmart, Nestle, Dole Food, Tyson Foods, Kroger and Unilever.
  • Walmart, similarly to Samsung, is involved on several different tracks with blockchain. They have joined MediLedger, a private consortium that aims to create a drug supply chain. Apart from that they are also partnering with KPMG, Merck and IBM as part of the FDA’s program to evaluate the use of blockchain to protect pharmaceutical product integrity. Recently it become public that Walmart also filed a patent for issuing a digital currency on a blockchain, or stablecoin, as they are known in the industry.

The whole private consortia ecosystem is still in early development but the right mentality is there. We will see how the technology develops over time to support those formations. A popular approach might be a hybrid infrastructure, where consortium members interact with each other in a permissioned environment or a shard but eventually anchor to some public blockchain for audit and reference purposes.

From the enterprise blockchain technology perspective, this first half of 2019 was pretty interesting and the major blockchain platforms made progress in not only improving and maturing their services but releasing new products. The general sentiment has been to focus on privacy, consensus options and digital asset standardization in anticipation of the tokenization revolution.

  • Digital Asset is another of the big names that made great progress in 2019. While work with the Australian Stock Exchange (ASX) is still going as planned, they have completely open-sourced their modeling language, called DAML. That move was very well accepted by the blockchain developer community as DAML is a great language to code smart contracts with.
  • The Hyperledger family got bigger with a new tool called Transact, which should provide advanced transaction execution and state management. The long-awaited version of Fabric 2.0 is still in the shop but once released it will provide performance improvements in many areas, such as data storage, privacy and consensus layer, over the current 1.4.2 version.
  • Pantheon, the open source enterprise Ethereum client from PegaSys, launched version 1.2 with extensive privacy features like on-chain smart contract node and account rules, whitelisting nodes and others.
  • Microsoft was very active during H1 2019 and launched a decentralized online identity platform on top of the bitcoin blockchain called ION. More than that, they continued to expand on their Azure Blockchain development kit, which is very helpful from a developer perspective.
  • R3 achieved a large milestone this year by releasing version 4 of their Enterprise Corda protocol. Now their well-rounded team is perfectly capable of publishing regular releases on both the open source and the enterprise versions of Corda. Another great achievement was releasing the Token SDK; now it is easier to implement and work with tokens on the Corda network. Recently also R3 announced a large expansion of their London office and growing of IT team.
  • Ernst & Young released their project Nightfall, which uses zero-knowledge proof (ZKP) technology to enable transfers of Ethereum-based tokens with complete privacy. There are a few things that E&Y are doing here that deserve acknowledgment. They are using the permissionless public Ethereum network, which is the complete opposite of the permissioned and siloed approach adopted by similar enterprises. Then they rely on privacy and implement ZKP to achieve that. It remains to be seen what they will decide to support when Ethereum 2.0 becomes a thing and the current chain might split as not nodes will migrate.

2019 has proven to be a year when blockchain technology has gotten down to business. Going further from the wild early days of bitcoin and cryptocurrencies, blockchain is making large steps in nearly every industry, from insurance to pharmaceuticals to luxury goods. Backed by large enterprises, we saw the maturing of the underlying protocols and improvements in security and privacy aspects. There is still a lot to be done as the core blockchain infrastructure needs to mature enough to be prime-time ready, and like Q1 and Q2, the second half of 2019 is certain to be filled with new developments.

Source: https://www.forbes.com/sites/biserdimitrov/2019/08/13/large-enterprises-are-betting-on-blockchain-in-2019/#5521e97a1bff

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