A major argument in favor of blockchain technology is the role it will play in disrupting and revolutionizing major industries worldwide, as cryptocurrencies can be used to facilitate transactions and communications in new and empowering ways. While the possibilities of tomorrow are exciting, the utilization of this emerging tech on industries today is similarly significant. Here are five industries already seeing a positive impact through their use of crypto.
Google co-founder Sergey Brin claimed that the American multinational technology giant failed to put itself at the forefront of what many hail as the next great technological revolution — blockchain technology.
‘We probably already failed to be on the bleeding edge’
As reported by CNBC, Brin — currently the president of Google’s parent company, Alphabet — claimed Google missed the golden opportunity to lead the blockchain charge while speaking at a blockchain conference in Morocco. He stated:
We probably already failed to be on the bleeding edge, I’ll be honest.
With EOS MainNet being successfully launched recently, Infinito Wallet announced that they have activated EOS full nodes as of 15th of June, and thus claims to be the first universal wallet which supports EOS mainnet.
Now you can check your account balance, send, and receive EOS coins with this wallet, given that you have registered your EOS ERC20 tokens before the mainnet launch date!
Another great news is that, by 4th of July, Infinito Wallet will release a new version update to support EOS Account Name Registration! The universal wallet is available to download on Apple’s App Store and Google Play.
The past 24 hours have been relatively exciting for most cryptocurrency markets. Although the dust has yet to settle and the bearish pressure is far from over, there are some small gains to look into. The Ethereum price, for example, finally climbed above $ 500 again, even though most of its overnight gains have been wiped out already.
A Tough Time for the Ethereum Price
The year 2018 hasn’t been too kind to the Ethereum price. Similar to most other cryptocurrencies, the Ether value has fallen dramatically and reached lows not seen for quite some time. This issue was only compounded this week when the Ethereum price dropped to $ 467. Not a positive development for users with high hopes for this altcoin.
$ 1.1 billion in cryptocurrency has already been stolen in 2018 — as the malware industry continues to grow and provide less-than-tech-savvy users with the ability to easily and cheaply commit cybercrime. According to cybersecurity company Carbon Black, much of the loss has stemmed from individual’s failure to properly secure their investments.
‘It’s surprising just how easy it is’
The first half of 2018 has already seen nearly $ 1.1 billion stolen from cryptocurrency investors, according to Massachusetts-based cybersecurity company Carbon Black — and, for the criminals, it was too easy.
Carbon Black Security strategist Rick McElroy told CNBC:
Waves, a popular open-source blockchain platform that allows users to launch their own custom cryptocurrency tokens, has officially addressed the rumors and false information being published in regards to the alleged liquidation of the Waves legal entity registered in the UK.
Contrary to many unfounded and incorrect reports currently being published in the cryptocurrency-focused media space, the Waves platform is currently not in any danger — quite the opposite, in fact.
Hackers involved in the high-profile Coincheck heist earlier this year may have successfully converted half of the stolen NEM tokens into other digital currencies.
Hung out to Dry
As reported by Japan Today, hackers involved in the large-scale Coincheck heist may have utilized the anonymous “dark web” — which has proved troublesome to investigators trying to track the stolen cryptocurrency then valued at roughly $ 547 million.
According to a cybersecurity expert, hackers created a website on the dark web which allowed for the trading of digital currencies on February 7th. The conversion of NEM coins began immediately, and data illustrates that transactions are still being processed on said website — potentially making the stolen NEM all but untraceable.
Here are five ways in which Bitcoin technology has completely redefined the concept of money in its nine years of existence.
A Revolution of Money
Bitcoin is one of the most groundbreaking monetary experiments in human history. In just nine years of existence, Satoshi Nakamoto’s invention has grown into a multi-billion dollar industry, leading to an explosion of fintech innovation… and it’s just getting started.
Meanwhile, Bitcoin technology has already reinvented the concept of money.
According to the Federal Reserve, the characteristics of money are durability, portability, divisibility, uniformity, limited supply, and acceptability. Interestingly, Bitcoin does not only posses, but has greatly enhanced and redefined many of these properties.