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Tag: marketing

Warning Signs That You’re About to Make a Big Business Mistake

Warning Signs That You’re About to Make a Big Business Mistake

‘honesty is the fastest way to prevent a mistake from turning into a failure.’

James Altucher says, ‘honesty is the fastest way

to prevent a mistake from turning into a failure.’ Well, I’ll be honest with you, mistakes hurt. Mistakes—whether yours or someone else’s—bruise your ego and stir all sorts of fears and worries within you. You start to question yourself. You wonder what will happen next and what the worst case scenario may look like.

Mistakes suck, but mistakes also play an imperative role in your growth and success. For as Einstein said, ‘A person who never made a mistake never tried anything new.’ Assuming you don’t wish to play it safe your entire life, you must accept that mistakes happen. After interviewing 163 experts, thought leaders, and all-round inspiring folk for my book, The Successful Mistake, I appreciate this more than most.

Some mistakes are unavoidable.

They are there to test and teach us. But what if I told you many of your mistakes were avoidable, and by looking in the right places, you could spot them before they happen? If I promised you such a good time, would you continue to read?

 

3 Warning Signs That Prevent Mistakes from Happening

Most mistakes begin small. They’re tiny little things that would barely register in your day. But because you pretend they don’t happen, disregard them, or make poor decisions on the back of them, these little mistakes grow into big mistakes, which in turn develop into life-altering failure. Certain mistakes are thrust upon you, and you cannot do much to avoid them. Yet many begin slowly, and by keeping your eyes open you can spot them before they spark to life. So if you notice any of the following, take note, for a mistake may be near.

 

1. You Get Complacent!

One of the biggest warning signs of all is when you grow complacent. We may enjoy the idea of an easy life, but the truth is, you need a challenge. When it comes to growing a successful business and life, this is never more true. You need to remain motivated. You need to keep pushing. Like a shark, if you’re not moving, you die. Such complacency lead to Thomas Frank’s biggest mistake of all. As he built College Info Geek while still at university, he was a busy boy indeed. Between studying, blogging, and marketing, he had little time to spare.

So as his site grew, he decided to cut back on his studies and take fewer classes. It made sense, after all, as more time spent on his business meant more chance of success. Yet with this extra unstructured time on his hands, Thomas grew complacent. Instead of growing, his business plateaued. He didn’t feel as motivated, and it wasn’t until he got this motivation back that College Info Geek continued its rise to fame.

2. You Get Stuck in your Own Head!

Although you may surround yourself with people at all times, this entrepreneurial roller coaster can be a lonely ride. It’s easy to get stuck in your own head, as you work on your ideas, your plans, and your growth. You become so fixated on your work that you shut yourself off to the rest of the world. You become blind to opportunity, mistakes, and everything else. You simply get lost in your own head, which is a dangerous place to lose yourself in.

Take John Corcoran, the co-founder of Rise 25, and a man who has built his career as a master connector. Today, John rubs shoulders with the best of the best, and has an enviable black book of contacts that most people would die for. Yet rewind to when he first started his business, and his days told a different picture. You see, despite building a successful career in politics, entertainment, and the tech scene, John desired more.

So, he started his own practice and got to work.

And work he did, so hard that he went months without networking. All those relationships he had built during his successful career slipped by the wayside. He condemned himself to a lonely entrepreneurial existence and had little to show for it. He was busy, sure, but did he grow? Was he happy? No. John got stuck in his own head, and it lead to what he described as his biggest business mistake of all. This entrepreneurial roller coaster is lonely enough as it is, so don’t make matters worse by keeping yourself to yourself.

3. Everyone Around You Says ‘Yes’

Yes is a dangerous word. If all you say is yes, you’re sure to drown under work, responsibility, and commitment. Yes doesn’t provide freedom; it offers nothing but imprisonment. Yet it isn’t only when you say yes that issues arise, When you’re surrounded by a bunch of yes men, mistakes are close by. Scott Oldford experienced this as he became a well known “web guy” at a very young age. During a period when most of us plucked up the courage to ask that girl or guy to the dance, Scott made large sums of money, won prestigious awards, and built an ever-growing business.

He had everything a teenager could desire, including a group of people who told him what he wanted to hear. One yes followed after another, and soon Scott began to believe the hype—creating Scott Oldford The Monster, as he described it. Scott soon lost everything he built. He had to start from scratch. He had to figure out who Scott Oldford was. I’m happy to say he’s doing just fine today, but only after he lost track of what truly matters.

That’s what happens when you surround yourself with ‘Yes.’

So if all you hear is that simple three-letter word—either from your own mouth, or from those around you—take note, a mistake may be near. Of course, warning signs like these won’t vanquish mistakes from your life. Some are unavoidable. Some provide invaluable lessons you need to experience. But the sooner you nip these mistakes in the bud, the eaier you’ll find your road to success. I learned this from speaking to those who have been there and done it—successful folk who are at the top of their game. I encourage you not to wait until you make your own mistakes. Instead, learn from others so you can fast-track your way to the finish line (today).

Chuck Reynolds


Marketing Dept
Contributor
Please click either Link to Learn more about -Bitcoin.
Interested or have Questions. Call me 559-474-4614

David https://markethive.com/david-ogden

Taming the Power-Hungry Blockchain Beast with Decentralized, Clean Energy

Taming the Power-Hungry Blockchain Beast with Decentralized,
Clean Energy

Throughout history, every great breakthrough often came with negative consequences

and side effects. Think about Marie Curie. Her research on radioactivity is what makes X-rays possible today. Unfortunately, her discoveries and remarkable research are also what killed her. What about the Internet? It’s the most revolutionary invention for generations and holds countless opportunities that benefit billions of people around the world. However, cybercrime has never been higher and expected to reach $2 tln by 2019. It’s the same story with Blockchain. The technology has the potential to revolutionize every industry it comes into contact with. However, its biggest application remains in the cryptocurrency industry. And with the current excitement surrounding this industry, it’s easy to overlook the side effects that come with such a disruptive breakthrough.

Energy-craving Blockchain can have devastating consequences for the environment

Mining popular cryptocurrencies, such as Bitcoin, requires extremely powerful computer hardware that can solve complex mathematical equations. To run these computers burns up a lot of energy, mostly from non-renewable fossil fuels. And as the price of the digital coin sores so too does the number of people looking to get in on the action. Each and every Bitcoin transaction requires around 215 KWh (kilowatt-hours) to process. In comparison, the average American household uses 900 KWh every month. So around 30 KWh per day.

That means a single Bitcoin transaction uses the same amount of power as seven homes do in an entire day. What’s even more shocking is that a single Bitcoin mine relies on fossil fuels, like coal, can produce as much as 13,000 kg of CO2 emissions per Bitcoin mined. With 300,000 transactions per day, it’s easy to see what a significant impact the process has on the environment. And this is just from one cryptocurrency. Although Ethereum is less energy reliant, a single transaction on this network still requires the same amount of power as nearly two homes. In total, the network is equivalent in power consumption as the whole of Cyprus.

Centralized mining on a decentralized network

On a platform that is inherently decentralized, centralized mining operations seem counterintuitive. However, mining operations gravitate towards countries with cheap electricity. For example, China does over 80 percent of Bitcoin mining due to the country’s cheap supply of electricity. Unfortunately, the power supply comes mostly from dirty, non-renewable sources like coal. The country gets more than 70 percent of their electricity from coal.  In fact, a few years ago, it was reported that China burns as much coal as the rest of the world combined.

Burning coal releases large amounts of CO2 which is one of the biggest causes of the greenhouse effect and global warming. Apart from having a detrimental impact on the environment, large pools of concentrated mining pools spurred on by cheap electricity, have too much influence over the network. Look what happened to the price of Bitcoin when China announced their ban on ICO’s? The price becomes too reliant on single entities. This in stark contrast to the underlying concept of cryptocurrencies and Blockchain as a whole, which adds value exactly because of its dependency on a majority consensus to verify and approve transactions.

However, people and big corporations are becoming more aware of their social responsibilities and the size of the footprint that they leave on this earth. Development and adoption of renewable energy sources have seen a dramatic increase in the last few years, including solar, wind and hydropower. So much so that in many locations, there is an excess supply of electricity from renewable sources, that simply goes to waste. This is in great part due to the fact that the cost of building large-scale solar farms has dropped by as much as 50 percent in five years.

A three-fold solution

Envion is hoping to make cryptocurrency mining cheaper, cleaner and decentralized with their mobile data-centers. They’ve developed automatized mining units which are installed inside shipping containers. These containers can be relocated around the world with relative ease, reducing the dependency on single governments, economies or infrastructures.

The mining units, which exclusively consume power from reusable, green sources, are placed near energy supply points, such as solar plants and wind farms, reducing the cost of “transporting” electricity and enabling them to easily tap into excess energy production. In addition, the company developed a new, self-regulating cooling system, specifically for Blockchain mining, which is up to forty-times more energy-efficient and cost-effective than conventional, AC cooling units.

Envion further promotes environmental friendliness by recycling the energy produced from mining with the strategic placement of the mining units, close to objects and buildings that need heating, including warehouses and greenhouses. This enables them to reduce their energy costs even further. The end result is a mining solution that is more profitable due to lower energy costs, more secure due to mobile mining that puts less reliance on single entities, and more eco-friendly due to the usage of renewable, green power.

An ICO for the environment

Many of the ICO’s we see these days are largely based on Speculation. The EVN token is however fully backed by the hardware that it represents which is already operating successfully. The EVN token will be on sale for 31 days from Dec. 1, 2017, with a max cap of 150 mln. Once invested, token holders will have the right to dividends from the mining operations including 100 percent from proprietary mining operations (75 percent immediately and 25 percent reinvested to boost future payouts) and 35 percent from non-proprietary operations. Finally, token holders will also get a say in company strategy by voting on decisions.

Chuck Reynolds

Marketing Dept
Contributor
Please click either Link to Learn more about -Bitcoin.
Interested or have Questions. Call me 559-474-4614

David https://markethive.com/david-ogden

‘I Accidentally Killed It’: Parity Wallet Bug Locks $150 Million in Ether

‘I Accidentally Killed It’:
Parity Wallet Bug Locks $150 Million in Ether

The Ethereum ecosystem encountered another black swan

event this week with the activation of a bug in the multi-signature wallet software released by Parity Technologies. The bug resulted in multi-sig wallet users permanently losing access to an estimated $150 million in funds. Leading some people to compare the significance of the event to the infamous collapse of bitcoin exchange Mt. Gox.

Parity’s $150 Million Wallet Bug

“I accidentally killed it.”

With those words and a link to an ethereum contract address on Etherscan, Github user “devops199” revealed that he or she had inadvertently exploited a bug in the Parity Wallet library contract. Apparently, the user had turned the library contract into an ordinary multi-sig wallet and had become the owner of that wallet. Recognizing what had happened, the user attempted to delete the code that had transferred the wallet ownership. However, because the wallet contained library contract code — and all Parity multi-sig wallets rely on that code for their internal logic — the deletion of the code permanently froze the approximately $150 million in funds stored in Parity multi-sig wallets.

Fix Requires Hard Fork

Developers are currently exploring potential solutions to recover access to the funds, but early reports indicate that the funds would only be recoverable through a hard fork to the Ethereum platform.“One of the biggest cybersecurity challenges with smart contracts is that they’re made up of code, just like any other application. This is prone to human error,” said Leigh-Anne Galloway, cyber resilience lead at Positive.com, which protects ICOs from cyberattack.  “It’s also quite hard to make changes to the contract once it goes live, which is why we’ve seen that the funds have been frozen with Parity. This scenario is evidence that it’s extremely important to review the code before a contract goes live to avoid these vulnerabilities.”

The greatest fear associated with a hard fork is that some users will refuse to upgrade to the new software, causing the Ethereum blockchain to split into two. This worst-case scenario happened following the hard fork that recovered funds stolen in the $50 million DAO hack last year, resulting in the creation of Ethereum Classic by users who did not believe a hard fork should be used to edit transaction history — no matter the consequences.

‘Hacker Paradise’

This is not the first time a bug in Parity’s multi-sig wallet code has caused users to lose funds. Earlier this year, an attacker exploited the multi-sig code to steal more than $30 million worth of ether and could have made off with more money if white hat hackers had not drained affected accounts and returned funds to users. At the time, Litecoin creator Charlie Lee said that the breach confirmed that the complexity of Solidity, the native programming language of Ethereum, makes the platform a “hacker paradise”. However, the exploit could have ramifications for the entire crypto ecosystem. BlockTower Capital CIO Air Paul, for instance, predicted that the fallout from the bug will have negative impacts on all cryptocurrencies — not just ethereum. “A flaw in an ethereum multisig wallet leads both retail and institutional investors to question the security of all wallets,” he concluded.

Chuck Reynolds

Marketing Dept
Contributor
Please click either Link to Learn more about -Bitcoin.
Interested or have Questions. Call me 559-474-4614

David https://markethive.com/david-ogden

IMF Head Foresees the End of Banking and the Triumph of Cryptocurrency

IMF Head Foresees the End of Banking and the Triumph of Cryptocurrency

Bitcoin "puts a question mark on the fractional banking model we know today."

In a remarkably frank talk at a Bank of England conference,

the Managing Director of the International Monetary Fund has speculated that Bitcoin and cryptocurrency have as much of a future as the Internet itself. It could displace central banks, conventional banking, and challenge the monopoly of national monies.  Christine Lagarde–a Paris native who has held her position at the IMF since 2011–says the only substantial problems with existing cryptocurrency are fixable over time.

In the long run, the technology itself can replace national monies, conventional financial intermediation, and even "puts a question mark on the fractional banking model we know today." In a lecture that chastised her colleagues for failing to embrace the future, she warned that "Not so long ago, some experts argued that personal computers would never be adopted, and that tablets would only be used as expensive coffee trays. So I think it may not be wise to dismiss virtual currencies."

Here are the relevant parts of her paper:

Let us start with virtual currencies. To be clear, this is not about digital payments in existing currencies—through Paypal and other “e-money” providers such as Alipay in China, or M-Pesa in Kenya. Virtual currencies are in a different category, because they provide their own unit of account and payment systems. These systems allow for peer-to-peer transactions without central clearinghouses, without central banks.

For now, virtual currencies such as Bitcoin pose little or no challenge to the existing order of fiat currencies and central banks. Why? Because they are too volatile, too risky, too energy intensive, and because the underlying technologies are not yet scalable. Many are too opaque for regulators; and some have been hacked.

But many of these are technological challenges that could be addressed over time. Not so long ago, some experts argued that personal computers would never be adopted, and that tablets would only be used as expensive coffee trays. So I think it may not be wise to dismiss virtual currencies.

Better value for money?

For instance, think of countries with weak institutions and unstable national currencies. Instead of adopting the currency of another country—such as the U.S. dollar—some of these economies might see a growing use of virtual currencies. Call it dollarization 2.0. IMF experience shows that there is a tipping point beyond which coordination around a new currency is exponential. In the Seychelles, for example, dollarization jumped from 20 percent in 2006 to 60 percent in 2008.

And yet, why might citizens hold virtual currencies rather than physical dollars, euros, or sterling? Because it may one day be easier and safer than obtaining paper bills, especially in remote regions. And because virtual currencies could actually become more stable. For instance, they could be issued one-for-one for dollars, or a stable basket of currencies. Issuance could be fully transparent, governed by a credible, pre-defined rule, an algorithm that can be monitored…or even a “smart rule” that might reflect changing macroeconomic circumstances.

So in many ways, virtual currencies might just give existing currencies and monetary policy a run for their money. The best response by central bankers is to continue running effective monetary policy, while being open to fresh ideas and new demands, as economies evolve.

Better payment services?

For example, consider the growing demand for new payment services in countries where the shared, decentralized service economy is taking off.  This is an economy rooted in peer-to-peer transactions, in frequent, small-value payments, often across borders.

Four dollars for gardening tips from a lady in New Zealand, three euros for an expert translation of a Japanese poem, and 80 pence for a virtual rendering of historic Fleet Street: these payments can be made with credit cards and other forms of e-money. But the charges are relatively high for small-value transactions, especially across borders.

Instead, citizens may one day prefer virtual currencies, since they potentially offer the same cost and convenience as cash—no settlement risks, no clearing delays, no central registration, no intermediary to check accounts and identities. If privately issued virtual currencies remain risky and unstable, citizens may even call on central banks to provide digital forms of legal tender. So, when the new service economy comes knocking on the Bank of England’s door, will you welcome it inside? Offer it tea—and financial liquidity?

New models of financial intermediation

This brings us to the second leg of our pod journey—new models of financial intermediation. One possibility is the break-up, or unbundling, of banking services. In the future, we might keep minimal balances for payment services on electronic wallets. The remaining balances may be kept in mutual funds, or invested in peer-to-peer lending platforms with an edge in big data and artificial intelligence for automatic credit scoring.

This is a world of six-month product development cycles and constant updates, primarily of software, with a huge premium on simple user-interfaces and trusted security. A world where data is king. A world of many new players without imposing branch offices. Some would argue that this puts a question mark on the fractional banking model we know today, if there are fewer bank deposits and money flows into the economy through new channels.

How would monetary policy be set in this context?

Today’s central banks typically affect asset prices through primary dealers, or big banks, to which they provide liquidity at fixed prices—so-called open-market operations. But if these banks were to become less relevant in the new financial world, and demand for central bank balances were to diminish, could monetary policy transmission remain as effective?

Chuck Reynolds

Marketing Dept
Contributor
Please click either Link to Learn more about -Bitcoin.
Interested or have Questions. Call me 559-474-4614

David https://markethive.com/david-ogden

Deutsche Bank: ‘End of Fiat Money’ May Be Near

Deutsche Bank:
‘End of Fiat Money’ May Be Near

A top Deutsche Bank strategist speculates

that we may be looking at the “start of the end of fiat money”. Bitcoin was originally developed as a peer-to-peer electronic cash system that would free its users from the bondage of state-controlled currency and the erosion of wealth due to inflation. Despite its phenomenal growth, most mainstream financial analysts remain skeptical that it will ever achieve mainstream adoption – at least as a currency used for everyday transactions.

However, as Business Insider reports, Deutsche Bank strategist Jim Reid envisions that the current fiat monetary system could begin to collapse within the next decade, creating a climate that would encourage the rise of an alternative currency system.

Reid made this shocking claim in a recently-released research paper, and he argues that the current fiat monetary system – which began in 1971 when U.S. President Richard Nixon decoupled the dollar from gold — is “inherently unstable and prone to high inflation”. The corrosive effects of inflation have largely been masked in major economic markets, primarily due to the meteoric growth of China’s economy and the global working-age population. He says that these factors created a situation in which central banks could control inflation externally and prevent wages from

increasing too rapidly.

“It’s not usually this easy as inflation would have normally increased with such stimulus and credit creation,” Reid writes. In fact, “it could be argued that this external disinflation shock has perhaps ‘saved’ fiat currencies.”

demographic and developmental cycle slows or reverses, it “could spell problems for the fiat currency system,” he continues, “which could herald in the beginning of the end of the global fiat currency system”.

Opportunity for Alternative Currencies

Reid anticipates that central banks may seriously consider a shift to a commodity-backed monetary system within the next decade, vindicating the gold bugs who have been marginalized and ridiculed by mainstream financiers. However, the economy looks quite different than it did in 1971, and many bitcoin advocates believe that the emergence of the digital age necessitates a digital currency. Acknowledging this, Reid says it is possible that cryptocurrency or another alternative medium of exchange could eventually supplant paper money, although he stops far short of predicting that this new system will be based on bitcoin.

“Although the current speculative interest in cryptocurrencies is more to do with blockchain technology than a loss of faith in paper money, at some point there will likely be some median of exchange that becomes more universal and a competitor of paper money,” Reid concludes.

Chuck Reynolds

Marketing Dept
Contributor
Please click either Link to Learn more about -Bitcoin.
Interested or have Questions. Call me 559-474-4614

David https://markethive.com/david-ogden

BP, Shell lead plan for blockchain-based energy trading platform

BP, Shell lead plan for blockchain-based energy trading platform

 A consortium including energy companies BP and Royal Dutch Shell

will develop a blockchain-based digital platform for energy commodities trading expected to start by end-2018, the group said on Monday. The logo of BP is seen at a petrol station in Kloten, Switzerland October 3, 2017. REUTERS/Arnd Wiegmann. Other members of the consortium include Norwegian oil firm Statoil, trading houses Gunvor, Koch Supply & Trading, and Mercuria, and banks ABN Amro, ING and Societe Generale.

Blockchain technology, which first emerged as the architecture underpinning cryptocurrency bitcoin, uses a shared database that updates itself in real-time and can process and settle transactions in minutes using computer algorithms, with no need for third-party verification. Mercuria has been a vocal advocate of implementing blockchain technology to significantly cut costs in oil trading. “Ideally, it would help to eliminate any confusion over ownership of a cargo and potentially help to make managing risk more exact if there are accurate timestamps to each part of the trade,” said Edward Bell, commodities analyst at Dubai-based lender Emirates NBD PJSC.

Similar efforts for an energy trading platform have failed to take off, Bell said, but added this latest bid with backing from BP and Shell and the banks, “may have more success than if it were an independent party trying to convince oil and gas companies to make use of it.” The new venture is seeking regulatory approvals and would be run as an independent entity, the consortium said in a statement. “The platform aims to reduce administrative operational risks and costs of physical energy trading, and improve the reliability and efficiency of back-end trading operations…,” the statement said.

World needs new rules for powerful tech

Paddy Cosgrave, co-founder of Web Summit, attends an interview with Reuters in Lisbon, Portugal, whose annual Web Summit takes place in Lisbon this week, joins growing calls for tighter regulation of big technology firms especially after news that Russia may have manipulated the last U.S. election with political advertisements on Facebook. He said recent initiatives by European Commissioner for Competition Margrethe Vestager could bring big changes for big tech companies and help level the playing field in a sector which is having a profound impact on societies.

Vestager, who will speak at the Web Summit on Tuesday, has levied huge fines for unpaid taxes and unfair competition on big technology firms, including Apple, Google and Amazon in the past couple of years. “In economic terms these (companies) would appear to fall into a classic definition of monopolies,” Cosgrave told Reuters in an interview.  “And if she (Vestager) is successful she will probably set the standard for the rest of the world and will usher in a fundamental change in how the largest and most profitable companies in the history of the world are treated. This changes the playing field for all other companies.”

Cosgrave said that new technology had been assumed by many to be just positive, but it often “can be incredibly disruptive”. He said the need for new rules was similar to past technological shifts such as the invention of cars. “We had an operating system that, by and large with some modifications every decade, worked for the last 200 years,” Cosgrave said. “And then suddenly, you’d have to be naive or have your head buried in the sand, to not realize that the very fabric of our society, certainly western society, feels like it’s getting pulled and stretched in weird ways. I think we need … a new operating system.”

Web Summit has grown into one of the world’s largest technology conferences, from 400 participants when it started in Dublin in 2010, to 59,000 participants this week. It started as a venue for tech startups and includes investors, but also increasingly politicians and regulators. U.N. Secretary General Antonio Guterres is scheduled to attend the Lisbon summit.

Chuck Reynolds

Marketing Dept
Contributor
Please click either Link to Learn more about -Bitcoin.
Interested or have Questions. Call me 559-474-4614

David https://markethive.com/david-ogden

ETF Firms File to Create Blockchain Investment Products

ETF Firms File to Create Blockchain Investment Products

Two firms specializing in exchange-traded funds (ETFs) filed

with the U.S. Securities and Exchange Commission to create blockchain-related vehicles this past week. Reality Shares Advisors, a subsidiary of Reality Shares ETFs, plans to work with Nasdaq Inc. to offer securities for different blockchain companies. Similarly, Amplify Trust ETF also filed for permission to invest and trade in blockchain startups. Neither company completed their prospectus applications, but they both indicated they would exclusively invest in different blockchain companies.

According to Reality Shares’ application:

“Blockchain technology may be used to support a vast array of business applications in many different industries and markets, and the extent of its versatility has not yet been fully explored. As a result, the Index may include equity securities of both operating and non-operating companies.”

Both companies noted that, due to the early-stage status of the technology, investing in it could prove risky, particularly since there is no regulation surrounding the space and some blockchain-based services may not turn a profit.

The two applications shared several common details, including the stipulation that only companies with market capitalizations greater than $200 million and a six-month daily trading average of at least $1 million would be considered for the fund. Neither prospectus is complete, and both companies included disclaimers stating that the details of their indices may change. The companies need to complete the forms, and the SEC has to rule on each application before either organization can begin offering securities to investors.

Chuck Reynolds

Marketing Dept
Contributor
Please click either Link to Learn more about -Bitcoin.
Interested or have Questions. Call me 559-474-4614

David https://markethive.com/david-ogden

How to Protect Yourself From the CryptoShuffle Trojan

How to Protect Yourself From the CryptoShuffle Trojan

Russian based cybersecurity firm Kaspersky Labs has warned owners

of cryptocurrencies that their coins are not safe even in private wallets. A new trojan called CryptoShuffler is stealing coins right from under the noses of users by replacing wallet addresses on a user’s clipboard as they copy and paste wallet data for transfers. No wallet is safe because the trojan utilizes the clipboard function on computers. The trojan has already caused a substantial amount of damage in just a short time, though the cyber researchers believe the trojan has been working for perhaps a year or more.

Per Kaspersky:

“…cybercriminals have already managed to steal 23 Bitcoins, which is the equivalent of approximately $140,000 (as of the end of October). In addition, thousands of dollars of other cryptocurrencies such as Litecoin, Dash, Monero, Ethereum, Zcash and Dogecoin, have been accumulated.”

Protect yourself

The most basic way to protect yourself is to carefully compare the address you’ve inputted after copying. Carefully checking wallet addresses for every transaction should keep your funds safe. However, the trojan developers know that the normal process is simply to copy, paste and send, without carefully checking the address. For this reason, Kaspersky is warning users to take special precautions. Further, users are advised to utilize an antivirus and anti-malware system in order to detect and remove malicious programs. As the cryptocurrency world continues to grow, risks will continue to increase, and owners will need to be vigilant to protect their funds.

Chuck Reynolds

Marketing Dept
Contributor
Please click either Link to Learn more about -Bitcoin.
Interested or have Questions. Call me 559-474-4614

David https://markethive.com/david-ogden

Bjork’s Latest Album Available Only With Cryptocurrencies, Shows Adoption

Bjork’s Latest Album Available Only With Cryptocurrencies, Shows Adoption

Known for embracing all things edgy,

musician Bjork has announced that her latest album, Utopia, will be available for purchase only through cryptocurrencies. The artist will accept Bitcoin, Litecoin, DASH, and AudioCoin. Interestingly, the album cannot be purchased using normal fiat currencies. The move by the musician may seem like a marketing strategy of sorts to appear unique and to draw attention during a time when Bitcoin’s rise has brought cryptocurrencies into the mainstream. However,

according to Kevin Bacon of Blockpool:

"This really isn’t a marketing strategy with Björk. This is a decision to be a leader. In fact, it’s just the obvious thing to do for her. If I wasn’t involved in this project, I’d expect Björk to be a leader in this area, and for her team to be doing creative things with crypto.”

Virtuous Satoshi cycles

As adoption of cryptocurrencies increases, the price and number of transactions increase, causing greater price stability, and stability increases mainstream adoption. This process of adoption and stability has been referred to as a Satoshi cycle, and is the underlying driver for the increase in Bitcoin price. Bjork’s album offering is simply another step in the ladder of adoption and stability. As the cryptocurrency market continues to gain traction, prices follow the adoption curve and drive the adoption curve concurrently.

Chuck Reynolds

Marketing Dept
Contributor
Please click either Link to Learn more about -Bitcoin.
Interested or have Questions. Call me 559-474-4614

David https://markethive.com/david-ogden

How About an ICO? Company’s Stocks Rocket 400% On Blockchain Rebranding//Chinese may trade again.

How About an ICO?
Company’s Stocks Rocket 400%
On Blockchain Rebranding

It’s not just initial coin offerings (ICOs) that are acting like magic

– the word ‘Blockchain’ has just revolutionized one company’s finances by 400 percent. UK-based On-Line PLC, which supplies Internet-related software through various subsidiaries, saw its share price rocket from £15 ($19.60) to a high of £84 ($110) in hours after it announced it was adding ‘Blockchain’ to its name. On-Line, which has been around since the start of the Internet boom in 1996, saw unprecedented trading based on the news, Bloomberg reports. Shares in the company are currently retracing after the sudden spike to circle around £60. The performance mimics that of multiple altcoins following news about their interaction with the mainstream cryptocurrency market.

“We feel the time is right to re-name the company to reflect these developments, where we believe the future growth will be in our sector,” a statement released Thursday explains, calling Blockchain “new and exciting.” The day’s growth puts On-Line’s market cap at £4.17 mln and reflects the continued buzz around Blockchain which is seeing an increasing number of corporations go in for experimenting with it. This week, ratings agency Moody’s nonetheless said Blockchain’s disruptive potential still made it a distant threat, albeit one which would likely inevitably shake up the norm when it hit.

Chinese Might be Able to Trade
Bitcoin Again Soon

19th National Congress of the Communist Party of China,

the most important conference in China this year, ended on Oct. 24. With the end of the conference, some temporary regulations and policies are canceled as well. Among the regulations, the shutdown of Bitcoin trading in China might be one. On Oct. 28 ZB.com, which is a new cryptocurrency trading platform, announced that all trading functionality will be available from Nov. 1. Users can sign up for accounts and deposit now.

The platform claims that people all over the world, including those in mainland China, can exchange and trade on the platform. The languages of the website are Chinese and English. However, it’s too soon to state that the regulation toward Bitcoin and other cryptocurrencies is invalid. Maybe the platform will be closed by the government soon. Nevertheless, there are also people saying that the Chinese government is behind the platform.

Offline trades become popular after regulation

For now, nobody knows exactly what’s going to happen after Nov. 1. It's good news if Chinese Bitcoin traders may operate more easily. Since the shutdown of Bitcoin trading platforms in China, people have started to trade Bitcoin through Taobao, which is the Chinese version of eBay which belongs to Alibaba Group, Wechat chatting group, and QQ chatting group. Offline trades have become popular between Chinese Bitcoin traders.

Chuck Reynolds

 


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