Bitcoin – Page 7 – Impact Lab

Bitcoin, Blockchain, Employment, Latest Trend, Science & Technology News

The Cryptocurrency Job Market Is Exploding

June 5, 2018

Looking for a new career? Check out the crypto industry.

It can feel like a new cryptocurrency is popping up every hour, and that’s because they basically are. There are more than 1,500 tradeable cryptocurrencies. In 2017 alone, there were between 2.9 and 5.8 million people using crypto wallets throughout the year, compared to 0.3 to 1.3 million in 2013. There’s a $320-billion-plus market cap across all cryptocurrencies today.

It’s safe to say, the crypto market is growing. While this growth has helped some people strike it rich, it’s also benefited the job market. Between December 2016 and December 2017, there was a 207 percent increase in job postings for Blockchain positions on Indeed.com.

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Bitcoin, Healthcare, Human Behavior

People are so obsessed with trading cryptocurrencies that a hospital just launched a program to treat addictive behavior

June 6, 2018

Scottish addiction treatment center Castle Craig Hospital has launched a program geared to help people who are addicted to buying and selling cryptocurrencies online.

In its online guide, the hospital describes the addictive behavior as similar to that of other online addictions, and offers practical advice as well as longterm therapeutic treatments.

Since bitcoin first appeared nearly a decade ago, cryptocurrencies have transformed internet culture. Online, crypto traders and blockchain enthusiasts eagerly swap anecdotes regarding market speculation and upcoming token offerings, and the crypto culture has spilled out into the world at large as well, inspiring thousands of summits, meet-up groups, and conferences worldwide.

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Bitcoin, Economy, Money Talk

Ryan Van Wagenen discusses how cryptocurrency will play into digital currency going forward

May 30, 2018

Ryan Van Wagenen has been with Global Private Equity for nearly a decade and is no stranger to the cryptocurrency movement. Since being promoted to Director within GPE in 2011, Van Wagenen has been covering the firm’s technology coverage and has seen a lot of growth in the sector. The question one must ask about crypto is what role it will play in digital currency going forward.

The crypto market that trades diverse virtual coins can look scary, exciting, as well as mysterious most especially to the casual observer. Bitcoin is the pioneer in cryptocurrency. It drastically surged in price and steeply gone down recently. Initial Coin Offerings or ICO for short in the meantime is emerging at a remarkable rate.

On one end, there are positive bulls and on the other extreme bears like Harvard Economist Kenneth Rogoff who is calling for the fall of Bitcoin and other cryptocurrency. Despite the fact that a number of monetary advisers all over the world remain dubious and doubtful, it is hard to take for granted the remarkable amount of money invested in this kind of currency. Two premier futurists, study and forecast technology trends regarding where they see virtual currency headed and why you must be aware of it.

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Bitcoin, Crypto-Technology, Environment

Bitcoin is going to use as much electricity as Austria by the year’s end

May 22, 2018

At this point, mining Bitcoin requires such intensive, specific hardware that the only way for most people to get in on the crypto game is to simply purchase the coin via an exchange. But that doesn’t mean mining has slowed down. Rather, the opposite has been happening, giving environmentalists (and anyone but the most adamant cryptobros) cause for concern.

Between cooling fans, manufacturing hardware, and the outrageous, ever-rising energy costs needed to operate a bitcoin mining rig, the world’s Bitcoin network is expected to use as much as 7.67 gigawatts of power by the end of 2018, according to new research and models. That’s one two-hundredth of all the electricity used on the planet. And that’s terrible.

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Bitcoin, Future, Money Talk

The dollar will be replaced by gold and cryptocurrency by 2040

May 16, 2018

Fiat money will lose its significance to gold and the cryptocurrencies in the next twenty years, said Robert Kiyosaki, bestselling author of “Rich Dad Poor Dad” and his latest ,”Why The Rich Are Getting Richer.”

The self-proclaimed gold bug is one of few investors to be bullish on both bitcoin and gold, noting that the cryptocurrency will slowly erode fiat currencies’ relevance, while gold will act as an important hedge instrument.

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Bitcoin, Blockchain, facebook

Facebook plans to create its own cryptocurrency

May 15, 2018

Facebook is exploring the creation of its own cryptocurrency, a virtual token that would allow its billions of users around the world to make electronic payments, people familiar with Facebook’s plans told Cheddar.

“They are very serious about it,” said one of the people, who asked not to be identified discussing unannounced plans.

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Bitcoin, Business, Economy, Finance, Latest Trend

Bitcoin sees Wall Street warm to trading virtual currency

May 13, 2018

SAN FRANCISCO — Some of the biggest names on Wall Street are warming up to Bitcoin, a virtual currency that for nearly a decade has been consigned to the unregulated fringes of the financial world.

The parent company of the New York Stock Exchange has been working on an online trading platform that would allow large investors to buy and hold Bitcoin, according to emails and documents viewed by The New York Times and four people briefed on the effort who asked to remain anonymous because the plans were still confidential.

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Bitcoin, government, Money Talk

SEC decision on Ethereum cryptocurrency could affect others funded by ICOs

May 10, 2018

The SEC is scrutinizing Ether, second only to bitcoin in value, to determine if it should be considered a security; the decision could affect other digital currencies launched through initial coin offerings.

The second most valuable cryptocurrency behind bitcoin, Ethereum, is under regulatory scrutiny by the Securities and Exchange Commission (SEC), which is considering whether it should be classified as a commodity or a security.

An SEC decision to classify Ethereum’s Ether cryptocurrency as a security could have far-reaching consequences for other digital monies originally crowdfunded through initial coin offerings (ICOs).

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Banking, Bitcoin, Money Talk

World’s first cryptocurrency bank opened in Singapore

April 30, 2018

The co-Founder of Nuo, Varun Deshpande announced on twitter that they are opening a bank in Singapore. This is not just a normal bank but a virtual bank for cryptocurrencies. He also stated that they will open an ATM for virtual digital money as well.

They are also introducing a new technology- Advanced Robotic Account Managers (AARAM). What so fascinating about this bank is that this bank doesn’t need a real manager or a banker. Customers will be personally managed by AARAM at their branch. AARAM can give answers to the queries of users of the bank regarding cryptocurrency prices, private keys, decentralized loans, etc. Also, users can book their own AARAM by installing bank app and signing up for the app. It is a completely automated and decentralized bank which ensures no queues at all times. All users from around the world can avail services at no extra cost by visiting the branch.

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Bitcoin, Blockchain, Latest Trend, Science & Technology News

Bitcoin, Etherereum, Bitcoin Cash, Litecoin and Ripple make up 70% of crypto market

April 26, 2018

Bitcoin, Ethereum, Bitcoin Cash, Litecoin and Ripple dominate the cryptocurrency market, representing $241 billion or 70% of the total market cap. The entire cryptocurrency market cap is currently $343 billion, up from $10.5 billion in 2014. The aggregate market capitalization increased by more than 2,500% in 2017 alone.

However, research conducted by Axa Investment Managers shows that despite the massive growth, cryptocurrencies still pale in comparison to the $100 trillion global bond markets and $80 trillion in global equities.

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Banking, Bitcoin, Blockchain, Business, Money Talk

Mastercard will support cryptocurrencies – as long as they’re backed by governments

March 27, 2018

It seems Mastercard is gradually softening its stance on cryptocurrency, after CEO Ajay Banga downplayed non-government mandated digital currencies as “junk” back in October last year.

In a conversation with Financial Times, Ari Sarkar, Mastercard co-president for the Asia-Pacific region, said the company is open to explore cryptocurrencies created and backed by governments.

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