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JPMorgan Chase & Co is a well known financial services company which operates around the globe. Along with blockchain projects its financial operations include:

  • Corporate & Investment Bank,
  • Consumer & Community Banking,
  • Asset & Wealth Management,
  • Commercial Banking.

blockchain startups

Founded in 1799, JPMorgan Chase & Co. has its headquartered in New York and is thought to be one of the most dependable financial services company. All was going on very well for the company until Amber Baldet, an executive leader of JPMorgan’s blockchain, decided to quit the company in order to head for her own new Blockchain initiative.

Who In Fact Is Amber Baldet?

Amber Baldet was one of the main executive leaders of JPMorgan’s blockchain business. She was head of the development of JPMorgan’s authorized Blockchain platform. She had been acting as the lead for project development of Quorum as well as working on the firm’s overall Blockchain technologies strategy. In true words she was the architect of JPMorgan’s blockchain startups, securing a critical position at JPMorgan’s Blockchain Center of Excellence. She has done so in order to launch her own blockchain firm. Quorum is JPMorgan’s Blockchain and smart contracts platform.

 

Amber Baldet was nominated as one of the most influential people in the history of Blockchain by BlockDesk in 2017. She was heading the JPMorgan’s Blockchain Center of Excellence since it was founded in 2015. She was considered to be the most precious assets of JP Morgan in terms of blockchain endeavours.

Who Will Take Over Amber Baldet’s Position?

It took a very short time for JPMorgan’s executive committee to name Baldet’s successor. Christine Moy has been appointed as the new executive leader in place of Amber Baldet. She was the senior product manager working under the supervision of Amber Baldet and by chance was also appointed by her. In fact she had been working with Amber Baldet since the very beginning of the blockchain project. Later on the company admitted in a statement that Amber Baldet was no doubt extremely committed and helpful for JPMorgan to build an outstanding team. Christine Moy  was one of the team members who was groomed and trained by Amber Baldet herself.

 

Baldet’s departure from the company was after all on good terms, as was exclaimed by JPMorgan spokesperson in an interview with Reuters, he stated that the company had a respect and best wishes for her as well as her desire to start her new venture.

 

As far as the case of smart contract platform Quorum is concerned JPMorgan considers it to be the “enterprise-focused version of Ethereum.” It is basically meant for the clearing of interbank payments with the help of blockchain.

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Bitcoin vs. Ethereum- 2017 Edition

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There are various warriors out there fighting for the cryptocurrency crown, but the lead runners are Bitcoin and Ethereum and both have serious backing. Due to the increase in competition, it is important for investors to understand the similarities and differences between the two.

Bitcoin vs. Ethereum- 2017 Edition

What is Bitcoin

Bitcoin is the first form of digital currency which was created by Satoshi Nakamoto. Since everything is shown on the public ledger, the blockchain, you can be confident that the transaction is legitimate. Bitcoin offers lower transaction fees than traditional online payment mechanisms and has no interference of banks. Also, it is used to buy things electronically. In that sense, it’s like conventional dollars, euros, or yen, which are also trading digitally at the moment.

What is Ethereum

Ethereum is meant to be much more than a payment system. It is also based on blockchain technology and was introduced to supplement decentralized applications.

It even features smart contracts and the Ethereum Virtual Machine. Firstly, Ethereum’s smart contracts allow contract negotiation and facilitation using an app which provides a decentralized way to verify and enforce them. It is powered by the Ethereum cryptocurrency Ether, which is held in the Ethereum wallet. Their aim is to provide greater security than normal contracts and bring down the associated cost. Also, the Ethereum Virtual Machine helps to create blockchain applications in a much easier and efficient way, enabling people to run any program.

Bitcoin vs. Ethereum:

In Bitcoin blockchain, miners mine to earn bitcoins and two-thirds of all available bitcoins have already been mined. The reward for mining halves about every four years and it’s current value is at 12.5 bitcoins with average block time as 10 minutes. Due to this block time, Bitcoin is suffering from slow transaction speeds thus, vendors and purchasers are choosing to shift.

On the other hand, Ethereum rewards its miners with ethers, which is a kind of token that fuels the network. You earn 5 ethers given for each block and unlike Bitcoin, Ethereum’s block time is 12 seconds. Ethereum’s GHOST protocol enables quick block time. The faster the block time, the quicker the confirmations. However, there are also more orphaned blocks. Ethereum gives application developers the opportunity to create all sorts of applications that carry out their own set of operations, which have never been seen before. While smart contracts are set up to be unchanging and trustworthy, they are still ultimately a creation of humans who are capable of error.

Another major difference is the supply of Bitcoin, which is exceedingly low, with just 16.24 million left from 21 million. Whereas, Ethereum has over 89,752,192 coins currently existing. This is an advantage for Ethereum since Bitcoin might be left behind due to its low supply.

Furthermore, both Ethereum and bitcoin use different hashing algorithms. While Bitcoin uses SHA-256 algorithm that produces a number in hexadecimal format, Ethereum uses Ethash algorithm.

Here’s a table representing all the differences between Bitcoin and Ethereum:

 

The future of Bitcoin and Ether

As we glance into the future, it’s hard to get a grip on who exactly is going to be on top of the chain. Over the years, Bitcoin has become more and more popular, there has been a steady increase in volume since the beginning of 2017. It now represents a technological breakthrough that has the potential to change the way the world banks. Now standing on $2209, for the first time in history, surpassing even the price of gold.

However, as high as Bitcoin pushes, it is going to drag Ethereum with it as well, which is now trading at $175. While the future of Ether is more uncertain than the future of Bitcoin, the potential gains are also much greater.

Both digital currencies continue to push all-time highs for almost every available metric and show no or very little signs of slowing down.

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SEC Official: ‘Dozens’ of Crypto Investigations Are In progress

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on 15th March, Bloomberg BNA reported that Stephanie Avakian (Enforcement Division Co-Director) of US SEC (Securities and Exchange Commission) has confirmed that “dozens” of investigations have been conducted by the agency in the cryptocurrency space.

Press Report

It was reported in February that subpoenas have been sent by SEC to companies, that are suspected of having trouble with the security laws through their contribution in the ICOs (Initial Coin Offerings). The comment of Avakain follows these press reports as she said;

“We are very active, and I would just expect to see more and more.”

cryptocurrency companies

Statement Released by Securities and Exchanges Commission (SEC)

A statement was released by SEC on 7th March, prompting cryptocurrency trading platforms that they are under the control of the SEC as it monitors them and as an outcome, it must register as exchanges. It’s already clear that SEC holds the main responsibility for proposing securities rules, enforcing federal securities laws, regulating the securities industry, and other actions, which includes the electronic securities markets. SEC supervision ended up as three different companies were suspended from trading due to queries related to the cryptocurrency.

What has SEC done against the crypto-related companies?

Over the past few years, the SEC has taken more steps against cryptocurrency companies that it was seeing as flaunting securities laws. Bloomberg also reported that since September 2017, many actions have been taken by the commission against companies.

On 14th March, Mike Lempres (Chief Legal and Risk Officer at Coinbase) has highlighted in a testimony (before Congress) that the major financial regulatory organizations haven’t agreed on the nature of cryptocurrency. In the US, the regulatory framework for cryptocurrencies still remains unclear.

For SEC, it is a security, while the CFTC (Commodity Futures Trading Commission) deliberates tokens as a commodity. If we talk about the IRS (Internal Revenue Service), it considers tokens to be property, while tokens are considered as currency for FinCEN (Financial Crimes Enforcement Network).

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The Blockchain is Utilized by South Korean Biotech Firm for Genomic Big Data Community

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A Blockchain Ecosystem is a digitized, public journal of all cryptocurrency connections. Continuously increasing as ‘completed’ blocks (the most existing offers) are recorded and contributed to it in chronological order, it allows market participants to keep an eye on digital currency deals without central recordkeeping. Each node (a computer system connected to the network) gets a copy of the blockchain, which is downloaded quickly.
Blockchain Ecosystems

Initially established as the accounting approach for the virtual currency Bitcoin, blockchains – which use exactly what’s called dispersed journal development (DLT) – are appearing in a range of industrial applications today. Currently, the technology is mainly used to verify transactions, within digital currencies though it is possible to digitize, code and insert practically any file into the blockchain. Doing so produces a long-lasting record that cannot be changed; moreover, the record’s credibility can be validated by the entire community using the blockchain instead of a single central authority.

How Blockchain Works?

To start, here’s the most basic explanation without any metaphors or embellishment. In the language of cryptocurrency, a block is a record of new deals (that could imply the location of cryptocurrency or medical information, or perhaps voting records). When each block is finished it’s contributed to the chain, producing a chain of blocks: a blockchain.

Because cryptocurrencies are secured, processing any deals suggests fixing complicated mathematics issues (and these concerns end up being harder with time as the blockchain grows). Individuals who resolve these equations are rewarded with cryptocurrency in a treatment called “mining.”.

Public South Korean Development

The brand-new collaboration will take advantage of blockchain tech to produce a medical big information environment that would allow for both the safe and secure and private storage and the transfer of large amounts of delicate genomic and personal information.

As the press release notes, advances in genomics are improving the international medical landscape, permitting individually customized diagnoses, treatment and prevention. Medical huge information, which incorporates people’ genomic, health and lifestyle details, is both extremely delicate and of remarkable worth for the pharmaceutical and healthcare markets.

Public South Korean biotech service Macrogen, the country’s principal biotech sequencing provider, is developing a genomic huge information blockchain-based platform together with regional tech firm Bigster.

Macrogen CEO’s Remark

Macrogen and Bigster objective to develop the platform and have chosen to develop a permission blockchain that would restrict access to specific organizations such as pharmaceutical companies, biotech firms, healthcare facilities, and research institutes.

Speaking to a local news outlet The Korea Herald, Macrogen CEO Yang Kap-Seok commented,

” In spite of its large utility, gene information has been challenging to move due to personal privacy defense problems and technological barriers. We hope that our upcoming blockchain-based platform will enable healthcare genet [ic] and medical big information to flow easily.”.

A precedent for using blockchain for the safe exchange of genomic information has in fact been set by American Nebula Genomics’ cooperation with Longenesis– the latter being a Hong-Kong-based partnership in between Insilico Medicine and the Bitfury Group.

United States healthcare huge UnitedHealth Group announced it would be carrying out blockchain to keep its records approximately date in a more effective, protected and available method.

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10 physical Bitcoins

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Digital currencies assert itself on the world’s platform. Somehow, few companies introduce some physical bitcoins. And, these physical coins have been used around for years. To appeal the consumer’s company, introduce the coins in attractive designs, precious metals with low price.

Physical coins have the limited market. In additions, coins are as conversation pieces with limited stock. Some of them don’t have the physical appearance but considered as physical because of its specifications.

Meanwhile, a limited market of the physical bitcoin is being a problem. However, supply is less than the demand, so be aware of scams while you are buying coin online.Here are some physical bitcoins.

Casascius

Mike Caldwell, a couple of years ago Caldwell start minting his coin “Casascius” a couple of years ago. Unfortunately, his product was banned due to some security issues. Whereas, sales of Casascius resume again this year with 3 listing coins with gold plated bar. Whereas, a bag of 500 Casascius costs 0.39 BTC. In addition, Caldwell sells the silver, gold plated products, aluminum promo coins.

Alitin Mint  

These coins were designed by the John B Andelin in tribute to pioneer Adam Smith and French patron saint John of Arc. Basically, Alitin mint is 2 premium coins and the third one is in process of designing.

Pure silver coins with the weight of two ounces. Whereas, each series contain the 600 coins. Adam smith’s coin shipping is with 2BTC and it priced at 2.92 BTC. While Joan of Arc coin’s cost is 1.45 BTC comes with one bitcoin.

 

 

 

Titan Bitcoin

A beautiful coin with limited stock designed in the USA. Titan Bitcoin is a type of unique coin ID and purely rooted with a  security hologram. Meanwhile, a web page reports the current value of the coin. In addition, you are able to transfer the coin’s amount anywhere in the world with the permission of its one-time redemption code.

Titan’s one gold price is $2279 , while it carries 1 troy ounce of 24-Karat gold and bitcoin. However, the one bitcoin, the titan silver costs $729 with .999 pure silver, too much expensive.

Accordingly, a company has three more coins in a triple digital territory with less price from 0.5 to 1 BTC.

 

           

Cryptmint coins

A two in one metal,  which is a wallet as well as a physical coin. Cryptmint coin pushed, inspected by the hand to make sure the flawless finish.

This .999 silver is 39 mm in diameter and one troy ounce. Whereas, the price of this silver coin is $99. While company sells copper coin at $42 also. There is an option to choose a coin with different QR design on its back. In addition, these coins are the ship without any bitcoin preloaded.

 

 

Antana coin

With 300 unique coins per batch, Antana bitcoin’s difficulty increases within 10 days of a new batch. Antana offers the coins with less price and has mint with the well sense of humor. Each batch of Antana follows a particular theme with statistic data network for a time period.

Whereas, batches of the Antana coins has different names like Goodbye Mt Gox batch, transaction malleability batch, bump and dump batch, race and ROI batch etc.

Meanwhile, these coins are sold at 0.02 to 0.04 BTC. And, full set of 20 Antana coin’s cost is 0.41 BTC. Although, they are infrequent bitcoin motif product, which means they are not physical coins with QR core and hologram.

 

Ravenbit Satoshi coin

These Satoshi coins are composed of 85% copper with 39mm diameter and 3mm thick. Whereas, the front of these coins is consisting on the outline of a person filled with the binary code that converts to Satoshi Nakamoto. In addition, the kit of Satoshi coin with two security holograms, few goodies, and pouch, cost at $25.

 

 

 

CoinedBits

like Antana coins, CoinedBits are not physical coins but relatively novelty new items. One ounce weighted coins are 38mm in diameter and 3mm thick. In addition, CoinedBits are the purely gold plating of 18-Karat. Whereas, these coins cost at $14.99 in northern America. And, for overseas its cost is $19. 99.

 

Lealana coins

A number of unfunded coins with prices from 0.042 to 0.325BTC. whereas a set of Lealana coin is cost at 0.891 BTC.

Coin that never materialized

Most of the physical bitcoin projects are on delay or defunct. Although, they are not asserting themselves and gets out from the race. In the same way, a Chinese bitcoiner introduce a coin of 24-Karat with one ounce. Unfortunately, the current status of the coin is unclear. The coin is,

 

DIY coins

There is a number of 3d printed designs and they are available at Google search, mostly on 3d marketplaces. Whereas, the issue is, some of the designs are costly. Meanwhile, by making a proper coin you can do a few plastic or semi-professional attached filament printers.

In any case, 3d printing is an alternative process to creating physical coins. Apart from the actual cost, a 3d model cost is € 8.50. whereas services are the different opportunity, but in few belongings cost of printing is less than the price of shipping.

 

 

Goodluck!

 

Tags: buy physical bitcoin, physical bitcoin for sale

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