Posts Tagged: "Bitcoin"

Capitol Hill Roundup

This week on Capitol Hill is another light one in terms of hearings focusing on topics related to technology and innovation. Although the House of Representatives is in session all week after the Columbus Day holiday, there are no hearings scheduled for the week as of Sunday,  and the House is about to enter a few weeks’ worth of district work periods. In the Senate, the Commerce Committee convenes a hearing to look at recent consumer data privacy laws passed in Europe and California, and the Banking Committee explores the potential of blockchain and cryptocurrencies in the national financial system.

Gamestatix Develops a Blockchain Platform to Correct Inequalities in Booming Gaming Market

Gamestatix intends to release an ERC-20 token that can be deployed on an Ethereum blockchain. Launched in 2014, this technology makes it possible for Gamestatix to pay in a cryptocurrency that could then be transferred more readily than Bitcoin. The difference between the two is that Bitcoin is only a currency while Ethereum is an application platform through which companies can build new programs. Both use blockchaining technology, but Ethereum’s allows for complex applications in a “smart contract” which can automate certain operations.

Amazon’s Big Brother Technologies: Tracking Life Milestones and Predicting a User’s Future Location

With data privacy concerns at the forefront in the wake of the Cambridge Analytica data scandal, it seems that Amazon isn’t completely in the clear when it comes to the security of consumer data on their platforms. Recent reports indicate that Amazon’s Mechanical Turk online worker marketplace was another platform targeted by the data collecting quiz application developed by Aleksandr Kogan, the Cambridge app developer behind the Facebook scandal. Data privacy concerns have also surfaced surrounding Amazon Web Services cloud platforms including inadvertent breaches of web-monitoring data stored on Amazon cloud services by private companies and the Pentagon alike. Amazon servers also collect voice recordings from consumers using its Alexa digital personal assistant which are also at risk of falling into the wrong hands unless a consumer manually deletes recordings through the Alexa app.

Navigating the Uncharted Waters of the Blockchain

Driven by media coverage of extravagant returns for investors in cryptocurrencies such as Bitcoin, Ethereum, and Ripple, among others, some of which have exhibited 100,000 percent or more annual growth in the last year alone, the cryptocurrency market, and the blockchain technologies by association, have received a tremendous amount of exposure for an industry that is still in its infancy… The fallout from the increase in patent application filings is worth monitoring closely. Given the lack of related art in the space, these early patents can potentially claim a large swath of functionality in the cryptocurrency and blockchain technology-related space.

Investor’s Guide to Safe Cryptocurrency Trading Online

It is no wonder that Bitcoin has recently reached a record of $600 billion in the total market value, and Thomas J. Lee, the head of research at Fundstrat Global Advisors, predicts the total value of Bitcoin to reach $1.2 trillion by the end of 2018… Every digital investor has a special set of goals in cryptocurrency, but whatever your goals online safety measures must be taken. Be sure to consider the fees, accessibility, and liquidity as well as your own safety when choosing a platform for your exchange.