Well these 5 Reasons Send Bitcoin to The Moon

After a rather unpleasant 3 months which saw the price of Bitcoin fall to less than half its all-time high, the gold standard of cryptocurrency has finally shown signs of reversal. The market leader is currently trading around $9400, but can Bitcoin ever reach and surpass its previous highs of $20,000? Sure it can — here’s how.

BETTER SECURITY INFRASTRUCTURE

The first thing which could send Bitcoin skyrocketing is increased adoption as a conventional currency — meaning as both a store of value and medium of exchange. However, for this to happen, more secure and user-friendly infrastructure must be built. Christian Ferri, President and CEO of BlockStar, explained:

“Assuming Bitcoin will be used as a store of value going forward (e.g. digital gold), a better security infrastructure overarching the entire crypto ecosystem will be needed for people to place trust in this new financial medium and start using it. Once this happens, more people will jump in, so a scalable infrastructure will be crucial.”

 

PRICE STABILIZATION

Ferri also noted that security enhancements alone aren’t enough to push Bitcoin into the mainstream as a viable currency. In order to act as legitimate tender, the price needs to be stabilized by protocol enhancements. He explained:

“If new enhancements are done to the protocol to allow Bitcoin (or a fork of thereof) to become a medium for everyday transactions (e.g. buy your Latte with Bitcoin), we’ll need a stability mechanism in place, on top of security and scalability mentioned above. This way that Latte won’t cost you $5 today and $50 tomorrow.”

INSTITUTIONAL INVESTORS

Thirdly, the virtual currency needs big money to come in if it ever expects to reach new highs. And by “big money,” we mean institutional investors. Paul A. Taylor, Executive Chairman of Fabric Foundation, stated:

“The influx of money from institutions putting money into crypto index funds will cause a cascading [effect], causing the herd to rush in.”

Darren Marble of CrowdfundX agrees, noting:

“At this stage, institutional investors hold the key to Bitcoin’s growth. Concerns around liquidity, security, counterparty risk and custody of assets have so far prevented institutional investors from buying Bitcoin on decentralized exchanges.”

REGULATED EXCHANGES

It’s a well-known fact that big-money investors have begun dipping their toes in Bitcoin’s waters — but for institutional investment to really come into play, regulated exchanges need to launch cryptocurrency offerings. Marble stated:

“Only when regulated exchanges — such as tZERO, Coinlist, or even NASDAQ — go live with their secondary crypto trading platforms, will the smart money begin investing directly into Bitcoin. Once this happens, the floodgates will open and we will see a new paradigm emerge; the crypto market cap will exceed $1 billion, and lead by new all-time highs of Bitcoin.”

ETFS

Finally, the last major thing which could push the daddy of cryptocurrency to new highs is the launching of cryptocurrency-related exchange-traded funds — otherwise known as ETFs. Chris Kline, co-founder and COO of BitcoinIRA.com, noted:

“Crypto-related exchange-traded funds may allow for simpler trading through brokerage accounts, which would also contribute to hiked up prices for Bitcoin and other cryptocurrencies. The writing is on the wall; with so much momentum surrounding Bitcoin and other digital currencies, in my opinion, it’s only a matter of time before prices rebound again.”

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Author: Andy James
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Google’s Founder Places Ethereum at the forefront of the “Computer Boom”

Sergey Brin, co-founder of one of the most successful company on earth, stated a boom in computing has led to an era he calls “technology renaissance.” In a letter to investors, Brin said:

“Every month, there are stunning new applications and transformative new techniques. In this sense, we are truly in a technology renaissance, an exciting time where we can see applications across nearly every segment of modern society.”

Ethereum has partly contributed, he said, by driving demand for better GPU processors, which in turn have allowed for more powerful machine learning.

“There are several factors at play in this boom of computing,” Brin said before citing Moore’s Law to further add:

“The second factor is greater demand… from the GPU-friendly proof-of-work algorithms found in some of today’s leading cryptocurrencies, such as Ethereum.

However, the third and most important factor is the profound revolution in machine learning that has been building over the past decade.

It is both made possible by these increasingly powerful processors and is also the major impetus for developing them further.”

His main focus was machine/bot learning, otherwise known as artificial intelligence. Google runs what is probably the world’s most complex machine learning algorithm in organizing search results, but Brin says it is used in many areas, such as to:

  • Understand images in Google Photos;
  • Enable Waymo cars to recognise and distinguish objects safely;
  • Significantly improve sound and camera quality in our hardware;
  • Understand and produce speech for Google Home
  • Translate over 100 languages in Google Translate;
  • Caption over a billion videos in 10 languages on YouTube;
  • Improve the efficiency of our data centers;
  • Suggest short replies to emails;
  • Help doctors diagnose diseases, such as diabetic retinopathy;
  • Discover new planetary systems;
  • Create better neural networks (AutoML);
  • … and much more.

His letter opens with the classic “it was the best of times, it was the worst of times,” but it might be most notable for declaring a renaissance.

A number of technological advances during the past century are congregating to form a powerful set of tools that ultimately, in effect, extend man’s intellect.

In that they provide machines, bots, or any inanimate matter, with basic memory through computer chips, an ability to “feel” or be “aware” of surroundings through sensors, an ability to “communicate” through wi-fi, and then an ability to “act” through blockchain tech smart contracts which further give them “money,” thus allowing them to transfer value.

That, combined with a potentially peaceful global climate, might suggest we are about to enter a golden age of a kind, the human kind, has never previously seen.

 


Here at Dollar Destruction, we endeavour to bring to you the latest, most important news from around the globe. We scan the web looking for the most valuable content and dish it right up for you! The content of this article was provided by the source referenced. Dollar Destruction does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products or other materials on this page. As always, we encourage you to perform your own research!

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Nano the next to Boom? Price Prediction

In a little less than 24 hours, Nano (NANO) was listed on the popular exchange known as HitBTC.com. This exchange is ranked 8th on coinmarketcap.com and using the criteria of exchanges that charge transaction fees alone. HitBTC is currently doing $340.6 Million in daily trade volume at the moment of writing this. The HitBTC addition makes 31 exchanges in which Nano is listed in.

With respect to the market performance of Nano, the coin is currently trading at a value of $7.24 and down just 1.76% in the last 24 hours. However, there was a notable spike yesterday that can be attributed to the addition of Nano on HitBTC. The coin did a slight pump from $7.13 to $7.32 in a period of less than 20 minutes.

This slight pump is grounds to investigate the numerous Nano price predictions that have been active on the web.

$121.46 per Nano One Year from now!

This price prediction has been done by a custom algorithm that predicts future prices of all crypto listed on coinliker.com. This means that Nano is predicted to grow by 1,500% in the next 12 months. This might sound like a huge percentage growth, but anything is possible in the exciting domain of cryptocurrencies.

$25 By December 2018

This price prediction is brought to you courtesy of coinfan.net. This prediction is very realistic given that the total marketcap of the cryptocurrency market has grown by a factor of 10 in the last 12 months. At a date similar to today back in 2017, the total market cap was valued at $40 Billion. The same market cap is now at $422 Billion. Therefore, $25 per Nano might be right on the money come December.

$40 Per Nano by End of 2018

This price prediction is based on the premise that Nano had traded at the levels of $34 earlier on in the year. This then places the coin at a possibility of surpassing this by the time we get to the end of the year.

In conclusion, the good thing about the known crypto markets is that more and more traditional stock investors are looking into, or are already investing in crypto. They in turn are bringing in much needed external funds to boost the market cap of the entire crypto-verse. This follows the same trend witnessed by top notch wallstreet firms (Soros Fund Management), embracing crypto trading with open arms.

This means that the only direction is up for the value of all coins and tokens in the markets.

 


Here at Dollar Destruction, we endeavour to bring to you the latest, most important news from around the globe. We scan the web looking for the most valuable content and dish it right up for you! The content of this article was provided by the source referenced. Dollar Destruction does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products or other materials on this page. As always, we encourage you to perform your own research!

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Author: John P. Njui
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New self-driving car tech finds the space and then parks your vehicle

Jaguar Land Rover and Ford have revealed they’ve been working hard to get their self-driving cars up to speed, trialing new technology that allows a self driving car to not only park itself, but find a space to park in.

The trial is all part of the UK Autodrive project, a government backed initiative which is spending millions to push autonomous vehicle technology.

Tested on the streets of Milton Keynes in the UK, both Land Rover and Ford showed off cars finding a space and parking in it without any input at all from a driver.

Now, parking in a space (without much help from a driver) is something many mid-range cars can do today without much fuss, the key thing here is the cars also found the space in the first place. This was all done using something called ‘collaborative parking’.

This service is powered by data from the parking sensors of vehicles using a car park. All of this data is then shown on a map that highlights which spaces may be free. It’s thought that the system will also be able to incorporate data from a car parks’ own monitoring system.

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Give us a brake

This wasn’t the only thing on test, Land Rover also showed off some safety features: Emergency Vehicle Warning (EVW) and Electronic Emergency Brake Light (EBL).

EVW is to help a vehicle and its passenger know when an emergency vehicle is approaching and, most importantly, what side it is coming up on.

While EBL is something that will warn your connected car that something in front has braked quickly, giving it a few extra seconds to hopefully avoid a crash.

It’s great to see driverless car trials on the streets of the UK, but all of this comes just days after the news that a driverless Uber was involved in a fatal crash in Tempe, Arizona.

While that particular incident is still the subject of interrogation as to who or what was to blame, it does put into question the testing of driverless vehicles on the open road.

Speaking to the Guardian, Professor Noel Sharkey of the University of Sheffield and famed Robot Wars judge, was quick to point out the potential safety benefits of driverless cars, but felt the tech was still nascent, noting “autonomous vehicles present us with the a great future opportunity to make our roads safer.

“But the technology is just not ready yet and needs to mature before it goes on the road. Too many mistakes and the public may turn its back on the technology.”

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Even Stephen King, author of possessed car classic Christine and someone who nearly lost his life when a car ran him over, had something to say on the matter, Tweeting: “This year’s auto accident score: people-driven vehicles, about 9,600 fatalities. Driverless vehicles: 1. You do the math.”

Although this simplifies what is a complicated and contentious subject, it shows the driverless car debate is one that will run and run.


Here at Dollar Destruction, we endeavour to bring to you the latest, most important news from around the globe. We scan the web looking for the most valuable content and dish it right up for you! The content of this article was provided by the source referenced. Dollar Destruction does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products or other materials on this page. As always, we encourage you to perform your own research!

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Author: Marc Chacksfield
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UK exports to a group of emerging nations could be $10bn more

The UK is missing out on £10bn worth of exports a year to a group of emerging economies, according to a study by Standard Chartered bank.

Annual exports to what Standard calls the Emerging 7 (China, India, Pakistan, Nigeria, Bangladesh, Vietnam and Indonesia) are currently worth £24bn.

But the bank, which specialises in financing international trade, calculates it should be £34bn a year.

Of all the G7 countries, the UK could be a big beneficiary of closer trade.

Standard Chartered urges the UK to orientate its Emerging 7 (E7) trade policy accordingly.

Michael Vrontamitis, the bank’s head of trade for Europe and Americas, said: “With the UK settling into a slower pace of growth and Brexit on the horizon, UK businesses need to look more widely for growth.

“It is clear that the E7 countries represent multi-billion-dollar trading opportunities for the UK and British businesses searching for export diversification and growth.

Brexit
The study was immediately welcomed by the International Trade Secretary, Liam Fox, who has repeatedly stressed the opportunities that Brexit presents to refocus trade policy on faster growing economies.

He said: “As an international economic department, we are supporting businesses meet this demand, target overseas markets and succeed on the global stage, so we create more jobs and prosperity in every part of the country.”

However, the study does not examine the potential loss of exports to our biggest and closest market – the EU – as a result of Brexit. Many people have questioned whether increased trade with the E7 can offset those losses.

One of the most sceptical voices was former civil servant Sir Martin Donnelly, who until last year ran the very same Department for International Trade of which Liam Fox is secretary.

Fulfilling potential
Sir Martin recently told the BBC that the UK was “giving up a three-course meal, which is the depth and intensity of our trade relationships across the European Union and partners now, for the promise of a packet of crisps in the future if we manage to do trade deals outside the European Union which aren’t going to compensate for what we’re giving up”.

The Standard Chartered report says that of the G7 countries, only Germany is fulfilling its export potential to the E7, and only then through its reliance on its huge exports to a single country – China.

It is perhaps worth remembering that the UK exports more to the US than any other single country, while China is Germany’s number one export destination. Neither of these relationships are supported by a free trade agreement.

This illustrates a point often made by former trade minister and ex-chairman of Goldman Sachs Asset Management Jim (Lord) O’Neill.

When it comes to trade, knowing which products and services foreign markets actually want – and getting them there – is more important than striking trade deals.


Here at Dollar Destruction, we endeavour to bring to you the latest, most important news from around the globe. We scan the web looking for the most valuable content and dish it right up for you! The content of this article was provided by the source referenced. Dollar Destruction does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products or other materials on this page. As always, we encourage you to perform your own research!

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Author; Simon Jack
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Trump blocks Broadcom’s bid for Qualcomm on security grounds

US President Donald Trump has blocked a planned takeover of chipmaker Qualcomm by Singapore-based rival Broadcom on grounds of national security.

His order cited “credible evidence” that the proposed $140bn (£100bn) deal “threatens to impair the national security of the US”.

There were concerns the takeover could have led to China pulling ahead in the development of 5G wireless technology.

The deal would have been the biggest technology sector takeover on record.

A takeover of Qualcomm by Broadcom would have created the world’s third-largest maker of microchips, behind Intel and Samsung.

The chipmaking sector is in a race to develop chips for the latest 5G wireless technology and Qualcomm is considered to be a leader in this field, followed by Broadcom and China’s telecoms giant Huawei.

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Analysts say Qualcomm is highly regarded for its commitment to research and development (R&D), particularly in the field of 5G technology. Huawei is equally committed to R&D in the area.

However, Broadcom is better known for selling assets and growing through acquisitions, and deemed to be weaker on R&D.

With this in mind, analysts have said a deal between Qualcomm and Broadcom could have given Huawei the chance to take over the top spot in years to come – a situation US politicians wanted to prevent given their ongoing security concerns around Chinese telecom firms doing business with US carriers.

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Others have said Mr Trump’s decision was more about competitiveness than security concerns.

“Given the current political climate in the US and other regions around the world, everyone is taking a more conservative view on mergers and acquisitions and protecting their own domains,” said Mario Morales, vice president of enabling technologies and semiconductors at global research firm IDC.

“We are all at the start of a race, and you have 5G as a crown jewel that everyone wants to participate in – and every region is racing towards that,” he told the BBC.

“Semiconductor technology and companies like Qualcomm will be an important weapon in that 5G arms race [and] the US like other nations and regions want to be first.”


Here at Dollar Destruction, we endeavour to bring to you the latest, most important news from around the globe. We scan the web looking for the most valuable content and dish it right up for you! The content of this article was provided by the source referenced. Dollar Destruction does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products or other materials on this page. As always, we encourage you to perform your own research!

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Author; BBC News
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