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Flatten the Curve. #18. The current cold war between China and America explained. And how China was behind the 2008 Wall Street financial Crash. World War 3 is coming.

China, the USA, and the Afghanistan war are linked. And in order to get here, we will start there.
9-11 happened. Most of the planet mistakenly understood terrorists had struck a blow against Freedom and Capitalism and Democracy. It was time to invade Afghanistan. Yet all of the terrorists were linked to Saudi Arabia and not Afghanistan, that didn't make sense either. Yet they invaded to find Bin Laden, an ex CIA asset against the Soviet Union and it's subjugation of Afghanistan. The land in the middle of nowhere in relation to North America and the West. It was barren. A backwater without any strategic importance or natural resources.
Or was there?
The survey for rare earth elements was only made possible by the 2001 U.S. invasion, with work beginning in 2004. Mirzad says the Russians had already done significant surveying work during their military occupation of the country in the 1980s. Mirzad also toes the line for U.S. corporations, arguing, “The Afghan government should not touch the mining business. We have to give enough information to potential investors.”
Rare Earth Elements. The elements that make the information age possible. People could understand the First Gulf War and the Geopolitical importance of oil. That was easy, but it still didn't sound morally just to have a war for oil. It was too imperialist and so they fell in line and supported a war for Kuwaiti freedom instead, despite the obvious and public manipulation at the UN by Nayirah.
This is some of her testimony to the Human Rights Council.
While I was there, I saw the Iraqi soldiers come into the hospital with guns. They took the babies out of the incubators, took the incubators and left the children to die on the cold floor. It was horrifying. I could not help but think of my nephew who was born premature and might have died that day as well. After I left the hospital, some of my friends and I distributed flyers condemning the Iraqi invasion until we were warned we might be killed if the Iraqis saw us.
The Iraqis have destroyed everything in Kuwait. They stripped the supermarkets of food, the pharmacies of medicine, the factories of medical supplies, ransacked their houses and tortured neighbors and friends.
There was only one problem. She was the daughter of Saud Al-Sabah, the Kuwaiti ambassador to the United States. Furthermore, it was revealed that her testimony was organized as part of the Citizens for a Free Kuwait public relations campaign, which was run by the American public relations firm Hill & Knowlton for the Kuwaiti government (fun fact, Hill & Knowlton also have extensive ties with Bill Gates).
So the public was aghast at her testimony and supported the war against the mainly Soviet backed, but also American supported and Soviet backed Saddam Hussein, in his war against Iran, after the Iranians refused to Ally with American interests after the Islamic Revolution.
But that was oil, this was Rare Earth Elements. There was a reason the war was called, Operation Enduring Freedom. This natural resource was far more important in the long run. You couldn't have a security surveillance apparatus without it. And what was supposed to be a war on terror was in actuality a territorial occupation for resources.
Sleeping Dragon China is next, and where there's smoke, there's fire.
Let's go point form for clarity.
• China entered the rare earth market in the mid-1980s, at a time when the US was the major producer. But China soon caught up and became the production leader for rare earths. Its heavily state-supported strategy was aimed at dominating the global rare earth industry.
• 1989 Beijing’s Tiananmen Square spring. The U.S. government suspends military sales to Beijing and freezes relations.
• 1997. Clinton secures the release of Wei and Tiananmen Square protester Wang Dan. Beijing deports both dissidents to the United States. (If you don't understand these two were CIA assets working in China, you need to accept that not everything will be published. America wouldn't care about two political activists, but why would care about two intelligence operatives).
• March 1996. Taiwan’s First Free Presidential Vote.
• May 1999. America "accidently" bombs the Belgrade Chinese Embassy.
• 2002 Price competitiveness was hard for the USA to achieve due to low to non-existent Chinese environmental standards; as a result, the US finally stopped its rare earth production.
• October 2000. U.S. President Bill Clinton signs the U.S.-China Relations Act. China's take over of the market share in rare earth elements starts to increase.
• October 2001. Afghanistan war Enduring Freedom started to secure rare earth elements (Haven't you ever wondered how they could mobilize and invade so quickly? The military was already prepared).
• 2005. China establishes a monopoly on global production by keeping mineral prices low and then panics markets by introducing export quotas to raise prices by limiting supply.
• Rare Earth Elements. Prices go into the stratosphere (for example, dysprosium prices do a bitcoin, rocketing from $118/kg to $2,262/kg between 2008 and 2011).
• In a September 2005. Deputy Secretary of State Robert B. Zoellick initiates a strategic dialogue with China. This was presented as dialog to acknowledge China's emergence as a Superpower (which China probably insisted on), but it was about rare earth elements market price.
• October 2006. China allows North Korea to conduct its first nuclear test, China serves as a mediator to bring Pyongyang back to the negotiating table with the USA.
• September 2006. American housing prices start to fall.
(At some point after this, secret negotiations must have become increasingly hostile).
• March 2007. China Increases Military Spending. U.S. Vice President Dick Cheney says China’s military buildup is “not consistent” with the country’s stated goal of a “peaceful rise.”
• Mid-2005 and mid-2006. China bought between $100b and $250 billion of US housing debt between mid-2005 and mid-2006. This debt was bought using the same financial instruments that caused the financial collapse.
• 2006. Housing prices started to fall for the first time in decades.
• Mid-2006 and mid-2007. China likely added another $390b to its reserves. "At the same time, if China stopped buying -- especially now, when the private market is clogged up -- US financial markets would really seize up." Council on Foreign Relations-2007 August
• February 27, 2007. Stock markets in China and the U.S. fell by the most since 2003. Investors leave the money market and flock to Government backed Treasury Bills.
I've never seen it like this before,'' said Jim Galluzzo, who began trading short-maturity Treasuries 20 years ago and now trades bills at RBS Greenwich Capital in Greenwich, Connecticut.Bills right now are trading like dot-coms.''
We had clients asking to be pulled out of money market funds and wanting to get into Treasuries,'' said Henley Smith, fixed-income manager in New York at Castleton Partners, which oversees about $150 million in bonds.People are buying T-bills because you know exactly what's in it.''
• February 13, 2008. The Economic Stimulus Act of 2008 was enacted, which included a tax rebate. The total cost of this bill was projected at $152 billion for 2008. A December 2009 study found that only about one-third of the tax rebate was spent, providing only a modest amount of stimulus.
• September 2008. China Becomes Largest U.S. Foreign Creditor at 600 billion dollars.
• 2010. China’s market power peaked in when it reached a market share of around 97% of all rare earth mineral production. Outside of China, there were almost no other producers left.
Outside of China, the US is the second largest consumer of rare earths in the world behind Japan.
About 60% of US rare earth imports are used as catalysts for petroleum refining, making it the country’s major consumer of rare earths.
The US military also depends on rare earths. Many of the most advanced US weapon systems, including smart bombs, unmanned drones, cruise missiles, laser targeting, radar systems and the Joint Strike Fighter programme rely on rare earths. Against this background, the US Department of Defense (DoD) stated that “reliable access to the necessary material is a bedrock requirement for DOD”
• 2010. A trade dispute arose when the Chinese government reduced its export quotas by 40% in 2010, sending the rare earths prices in the markets outside China soaring. The government argued that the quotas were necessary to protect the environment.
• August 2010. China Becomes World’s Second-Largest Economy.
• November 2011. U.S. Secretary of State Hillary Clinton outlines a U.S. “pivot” to Asia. Clinton’s call for “increased investment—diplomatic, economic, strategic, and otherwise—in the Asia-Pacific region” is seen as a move to counter China’s growing clout.
• December 2011. U.S. President Barack Obama announces the United States and eight other nations have reached an agreement on the Trans-Pacific Partnership later announces plans to deploy 2,500 marines in Australia, prompting criticism from Beijing.
• November 2012. China’s New Leadership. Xi Jinping replaces Hu Jintao as president, Communist Party general secretary, and chairman of the Central Military Commission. Xi delivers a series of speeches on the “rejuvenation” of China.
• June 2013. U.S. President Barack Obama hosts Chinese President Xi Jinping for a “shirt-sleeves summit”
• May 19, 2014. A U.S. court indicts five Chinese hackers, allegedly with ties to China’s People’s Liberation Army, on charges of stealing trade technology from U.S. companies.
• November 12, 2014. Joint Climate Announcement. Barack Obama and Chinese President Xi Jinping issue a joint statement on climate change, pledging to reduce carbon emissions. (which very conveniently allows the quotas to fall and save pride for Xi).
• 2015. China drops the export quotas because in 2014, the WTO ruled against China.
• May 30, 2015 U.S. Warns China Over South China Sea. (China is trying to expand it's buffer zone to build a defense for the coming war).
• January 2016. The government to abolish the one-child policy, now allowing all families to have two children.
• February 9, 2017. Trump Affirms One China Policy After Raising Doubts.
• April 6 – 7, 2017. Trump Hosts Xi at Mar-a-Lago. Beijing and Washington to expand trade of products and services like beef, poultry, and electronic payments, though the countries do not address more contentious trade issues including aluminum, car parts, and steel.
• November 2017. President Xi meets with President Trump in another high profile summit.
• March 22, 2018. Trump Tariffs Target China. The White House alleges Chinese theft of U.S. technology and intellectual property. Coming on the heels of tariffs on steel and aluminum imports, the measures target goods including clothing, shoes, and electronics and restrict some Chinese investment in the United States.
• July 6, 2018 U.S.-China Trade War Escalates.
• September 2018. Modifications led to the exclusion of rare earths from the final list of products and they consequently were not subject to import tariffs imposed by the US government in September 2018.
• October 4, 2018. Pence Speech Signals Hard-Line Approach. He condemns what he calls growing Chinese military aggression, especially in the South China Sea, criticizes increased censorship and religious persecution by the Chinese government, and accuses China of stealing American intellectual property and interfering in U.S. elections.
• December 1, 2018. Canada Arrests Huawei Executive.
• March 6, 2019. Huawei Sues the United States.
• March 27 2019. India and the US signed an agreement to "strengthen bilateral security and civil nuclear cooperation" including the construction of six American nuclear reactors in India
• May 10, 2019. Trade War Intensifies.
• August 5, 2019. U.S. Labels China a Currency Manipulator.
• November 27, 2019. Trump Signs Bill Supporting Hong Kong Protesters. Chinese officials condemn the move, impose sanctions on several U.S.-based organizations, and suspend U.S. warship visits to Hong Kong.
• January 15, 2020. ‘Phase One’ Trade Deal Signed. But the agreement maintains most tariffs and does not mention the Chinese government’s extensive subsidies. Days before the signing, the United States dropped its designation of China as a currency manipulator.
• January 31, 2020. Tensions Soar Amid Coronavirus Pandemic.
• March 18, 2020. China Expels American Journalists. The Chinese government announces it will expel at least thirteen journalists from three U.S. newspapers—the New York Times, Wall Street Journal, and Washington Post—whose press credentials are set to expire in 2020. Beijing also demands that those outlets, as well as TIME and Voice of America, share information with the government about their operations in China. The Chinese Foreign Ministry says the moves are in response to the U.S. government’s decision earlier in the year to limit the number of Chinese journalists from five state-run media outlets in the United States to 100, down from 160, and designate those outlets as foreign missions.
And here we are. You may have noticed the Rare Earth Elements and the inclusion of Environmental Standards. Yes these are key to understanding the Geopolitical reality and importance of these events. There's a reason the one child policy stopped. Troop additions.
I believe our current political reality started at Tiananmen square. The protests were an American sponsored attempt at regime change after the failure to convince them to leave totalitarian communism and join a greater political framework.
Do I have proof? Yes.
China, as far as I'm concerned, was responsible for the 2008 economic crisis. The Rare Earth Elements were an attempt to weaken the States and strengthen themselves simultaneously. This stranglehold either forced America to trade with China, or the trade was an American Trojan horse to eventually collapse their economy and cause a revolution after Tiananmen Square failed. Does my second proposal sound far fetched? Didn't the economy just shut down in response to the epidemic? Aren't both sides blaming the other? At this POINT, the epidemic seems to be overstated doesn’t it? Don't the casualties tend to the elder demographic and those already weakened by a primary disease?
Exactly the kinds who wouldn't fight in a war.
Does this change some of my views on the possibility of upcoming catastrophes and reasons for certain events? No. This is Chess, and there are obvious moves in chess, hidden moves in chess, but the best moves involve peices which can be utilized in different ways if the board calls for it.
Is all what it seems? No.
I definitely changed a few previously held beliefs prior to today, and I would caution you in advance that you will find some previously held convictions challenged.
After uncovering what I did today, I would also strongly suggest reading information cautiously. This is all merely a culmination of ending the cold war, and once I have events laid out, you will see it as well.
At this moment, the end analysis is a war will start in the near future. This will be mainly for a few reasons, preemptive resource control for water and crops, population reduction can be achieved since we have too many people, not enough jobs, and upcoming resource scarcity.
Did you notice my omission of rare earth elements? This is because of Afghanistan. I would wager China or Russia is somehow supporting the continued resistance through Iran. But events are now accelerating with China because the western collation has already begun to build up their mines and start production.
Do you remember when Trump made a "joke" about buying Greenland? Yeah. It turns out that Greenland has one of the largest rare earth mineral deposits on the planet.
Take care. Be safe. Stay aware and be prepared.
This message not brought to you by the Bill and Melinda Gates Foundation, Microsoft, Google, Facebook, Elon Musk, Blackrock, Vangaurd, the Rockefeller Foundation, Rand Corporation, DARPA, Rothschilds, Agenda 21, Agenda 30, and ID 2020.
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Flatten the Curve. #49. Let's Dig into Jade Helm. AI. The Surveillance State. Internet of Things. FISA. Pentagon Preparing for Mass Civil Breakdown. What is Mob Excess Deterrent Using Silent Audio? Stay Aware and Get Ahead of the Curve.

Flatten the Curve. Part 48. Source Here
It's getting crazier day by day now, so are you following the Boy Scout motto?
On this topic, Baden-Powell says: Remember your motto, "Be Prepared." Be prepared for accidents by learning beforehand what you ought to do in the different kinds that are likely to occur. Be prepared to do that thing the moment the accident does occur. In Scouting for Boys, Baden-Powell wrote that to Be Prepared means “you are always in a state of readiness in mind and body to do your duty.”
Why should you be prepared? Because TPTB have been preparing, that’s why.
June 12, 2014: The Guardian • Pentagon preparing for mass civil breakdown. Social science is being militarised to develop 'operational tools' to target peaceful activists and protest movements Source Here
Pentagon preparing for mass civil breakdown. It seemed ludicrous back in 2014, didn't it? Inconceivable. Sure some preppers believed it, but they're always getting ready and nothing happened. Doomsday was always right around the corner, and then the next corner, and on and on. Televangelists have probably accused more politicians of being the antichrist than the number of politicians went to Epstein's Island.
But why would they be preparing for mass civil breakdown? Could it be the same reason as why the miltary is preparing for war, droughts and famines brought about by environmental collapse?
February 20, 2020: History Network • Here’s Why These Six Ancient Civilizations Mysteriously Collapsed. From the Maya to Greenland’s Vikings, check out six civilizations that seemingly disappeared without a trace. Source Here
All of these civilizations vanished because of some combination of exhausting their natural resources, drought, plauge, and the little ice age. Sound familiar? Don't tell me that the Rockefeller Foundation and BlackRock became environmentally aware out of a sense of obligation to the planet. They're setting the groundwork for what's coming down the pipe. This isn't about money anymore, this is about control and survival. Throw out the rulebook because the rules no longer apply.
Do you think the surveillance system is for your protection, or the protection of the state? Don't you think that an era of upcoming calamities will severely damage the communication networks, and thus the surveillance system? It might be prudent to consider that Starlink is being established to make the system redundant, so that they never lose track of the precious worker bees before they can be connected to the AI hive mind, right Elon? Neuralink, don't leave home without it.
But let's not forget about the wonderful world of the Internet of Things.
March 15, 2012 • More and more personal and household devices are connecting to the internet, from your television to your car navigation systems to your light switches. CIA Director David Petraeus cannot wait to spy on you through them. Earlier this month, Petraeus mused about the emergence of an "Internet of Things" -- that is, wired devices -- at a summit for In-Q-Tel, the CIA's venture capital firm. "'Transformational' is an overused word, but I do believe it properly applies to these technologies," Petraeus enthused, "particularly to their effect on clandestine tradecraft." All those new online devices are a treasure trove of data if you're a "person of interest" to the spy community. Once upon a time, spies had to place a bug in your chandelier to hear your conversation. With the rise of the "smart home," you'd be sending tagged, geolocated data that a spy agency can intercept in real time when you use the lighting app on your phone to adjust your living room's ambiance. "Items of interest will be located, identified, monitored, and remotely controlled through technologies such as radio-frequency identification, sensor networks, tiny embedded servers, and energy harvesters -- all connected to the next-generation internet using abundant, low-cost, and high-power computing," Petraeus said, "the latter now going to cloud computing, in many areas greater and greater supercomputing, and, ultimately, heading to quantum computing." Petraeus allowed that these household spy devices "change our notions of secrecy" and prompt a rethink of "our notions of identity and secrecy." All of which is true -- if convenient for a CIA director. The CIA has a lot of legal restrictions against spying on American citizens. But collecting ambient geolocation data from devices is a grayer area, especially after the 2008 carve-outs to the Foreign Intelligence Surveillance Act. Hardware manufacturers, it turns out, store a trove of geolocation data; and some legislators have grown alarmed at how easy it is for the government to track you through your phone or PlayStation. That's not the only data exploit intriguing Petraeus. He's interested in creating new online identities for his undercover spies -- and sweeping away the "digital footprints" of agents who suddenly need to vanish. "Proud parents document the arrival and growth of their future CIA officer in all forms of social media that the world can access for decades to come," Petraeus observed. "Moreover, we have to figure out how to create the digital footprint for new identities for some officers." Source Here
December 19, 2019: New York Times • THE DATA REVIEWED BY TIMES OPINION didn’t come from a telecom or giant tech company, nor did it come from a governmental surveillance operation. It originated from a location data company, one of dozens quietly collecting precise movements using software slipped onto mobile phone apps. You’ve probably never heard of most of the companies — and yet to anyone who has access to this data, your life is an open book. They can see the places you go every moment of the day, whom you meet with or spend the night with, where you pray, whether you visit a methadone clinic, a psychiatrist’s office or a massage parlor. The Times and other news organizations have reported on smartphone tracking in the past. But never with a data set so large. Even still, this file represents just a small slice of what’s collected and sold every day by the location tracking industry — surveillance so omnipresent in our digital lives that it now seems impossible for anyone to avoid. It doesn’t take much imagination to conjure the powers such always-on surveillance can provide an authoritarian regime like China’s. Within America’s own representative democracy, citizens would surely rise up in outrage if the government attempted to mandate that every person above the age of 12 carry a tracking device that revealed their location 24 hours a day. Yet, in the decade since Apple’s App Store was created, Americans have, app by app, consented to just such a system run by private companies. Now, as the decade ends, tens of millions of Americans, including many children, find themselves carrying spies in their pockets during the day and leaving them beside their beds at night — even though the corporations that control their data are far less accountable than the government would be. Source Here
The IoT should be renamed to IoTT (Internet of Tracking Things), shouldn't it. But we can't have people figure out what's really happening, can we? It's a good thing that quantum computing isn't too close, isn’t it?
April 5, 2018: Global News • (Project Maven) Over 3,000 Google employees have a signed a petition in protest against the company’s involvement with a U.S. Department of Defense artificial intelligence (AI) project that studies imagery and could eventually be used to improve drone strikes in the battlefield. Source Here
December 12, 2019 • Palantir took over Project Maven defense contract after Google backed out. Source Here
December 29, 2020: Input • Palantir exec says its work is on par with the Manhattan Project. Comparing AI to most lethal weapon in human history isn’t comforting. SourceHere
August 14, 2020: Venture: • Google researchers use quantum computing to help improve image classification. Source Here
Hmmm. Maybe Apple will be for the little guy? They have always valued privacy rights, right?
October 2, 2013: Vice News • The hacktivist group Anonymous released a video statement with an accompanying Pastebin document claiming that there are definitive links between AuthenTec, the company that developed the iPhone 5S’s fingerprint scanner, and the US government. Source Here
An apple a day helps the NSA. Or Google. Or Microsoft. Or Amazon. Take your pick from the basket, because dem Apple's are all the same. But at least we have fundamental rights, right?
Foreign agent declaration not required • No mention of foreign agent status is made in the Protect America Act of 2007. Under prior FISA rules, persons targeted for surveillance must have been declared as foreign agents before a FISA warrant would be accorded by the FISC court.
'Quasi-anti-terrorism law' for all-forms of intelligence collection • Vastly marketed by U.S. federal and military agencies as a law to prevent terror attacks, the Protect America Act was actually a law focused on the 'acquisition' of desired intelligence information, of unspecified nature. The sole requirement is geolocation outside the United States at time of Directive invocation; pursuant to Authorization or Order invocation, surveillance Directives can be undertaken towards persons targeted for intelligence information gathering. Implementation of Directives can take place inside the United States or outside the United States. No criminal or terrorism investigation of the person need be in play at time of the Directive. All that need be required is that the target be related to an official desire for intelligence information gathering for actions on part of persons involved in surveillance to be granted full immunity from U.S. criminal or civil procedures, under Section 105B(l) of the Act.
Removal of FISA Strictures from warrant authorization; warrants not required • But the most striking aspect of the Protect America Act was the notation that any information gathering did not comprise electronic surveillance. This wording had the effect of removing FISA-related strictures from Protect America Act 2007-related Directives, serving to remove a number of protections for persons targeted, and requirements for persons working for U.S. intelligence agencies.
The acquisition does not constitute electronic surveillance • The removal of the term electronic surveillance from any Protect America Act Directive implied that the FISC court approval was no longer required, as FISA warrants were no longer required. In the place of a warrant was a certification, made by U.S. intelligence officers, which was copied to the Court. In effect, the FISC became less of a court than a registry of pre-approved certifications.Certifications (in place of FISA warrants) were able to be levied ex post facto, in writing to the Court no more than 72 hours after it was made. The Attorney General was to transmit as soon as possible to the Court a sealed copy of the certification that would remain sealed unless the certification was needed to determine the legality of the acquisition.Source Here
Oh. FISA is basically a rubber stamp. And even if it the stage play wasn't pretending to follow the script, would it matter? Who could actually stop it at this point? The cat's out of the bag and Pandoras Box is open.
Controversial debates arose as the Protect America Act was published. Constitutional lawyers and civil liberties experts expressed concerns that this Act authorized massive, wide-ranging information gathering with no oversight. Whereas it placed much focus on communications, the Act allowed for information gathering of all shapes and forms. The ACLU called it the "Police America Act" – "authorized a massive surveillance dragnet", calling the blank-check oversight provisions "meaningless," and calling them a "phony court review of secret procedures."
So the surveillance state doesn't have checks and balances anymore. The state is preparing for Massive Civil Breakdown. They keep warning us about environmental collapse. Got it? Good. Let's keep on keeping on.
The District of Columbia Organic Act of 1871 created a single new district corporation governing the entire federal territory, called the District of Columbia, thus dissolving the three major political subdivisions of the District (Port of Georgetown, the City of Washington, and Washington County) and their governments. Source Here)
The first big leap in corporate personhood from holding mere property and contract rights to possessing more expansive rights was a claim that the Equal Protection Clause applied to corporations. One of the strangest twists in American constitutional law was the moment that corporations gained personhood under the Equal Protection Clause of the Fourteenth Amendment. It occurred in a case called Santa Clara County, and what was odd was that the Supreme Court did not really even decide the matter in the actual opinion. It only appeared in a footnote to the case. What we are likely to have at the conclusion of the Supreme Court term is corporations that are empowered to spend in American elections because of Bellotti and Citizens United; corporations that can make religious objections thanks to Hobby Lobby; and if Jesner turns out as badly as I predict, corporations will be able to aid and abet human rights violations abroad with impunity. Source Here
"Having a corporation would allow people to put property into a collective ownership that could be held with perpetual existence," she says. "So it wouldn't be tied to any one person's lifespan, or subject necessarily to laws regarding inheriting property." Later on, in the United States and elsewhere, the advantages of incorporation were essential to efficient and secure economic development. Unlike partnerships, the corporation continued to exist even if a partner died; there was no unanimity required to do something; shareholders could not be sued individually, only the corporation as a whole, so investors only risked as much as they put into buying shares. Source Here
The way that the Arab Bank may get away with this alleged morally troubling behavior, even though it has a New York branch, is by reasserting the basic argument that was made in Nestle USA and Kiobel II: that the federal Alien Tort Statute was not intended to apply to corporations full stop. Given other cases in this area like Mohamad v. PLO, which held the word “individual” in the Torture Victim Protection Act means a natural person and does not impose any liability against organizations, the Arab Bank’s procorporate argument may well prevail. There are multiple federal Circuit Courts which have shot down the argument that corporations are immune from suit under the Alien Tort Statute. The lone outlier is the Second Circuit, which decided in 2010 that corporations are excused from suit in Kiobel I. This is the case that was appealed to the Supreme Court and became Kiobel II. Jesner v. Arab Bank was litigated in the Second Circuit. One question in Jesner was what exactly did Kiobel II do to Kiobel I. So far in the litigation, Jesner concluded that Kiobel I and its conclusion that corporations can’t be sued in federal court using the Alien Tort Statute remained the controlling law of the Second Circuit.
There's a reason people call lawyers snakes, it's because most of them speak with forked tounges. So the corporation isn't being held liable, but the shareholders can't be held liable either. That's too insane to even be called a Catch 22. We are literally being set up to have no recourse because there isn’t anybody who can be held responsible. Why is that important when I've been talking about the surveillance state?
July 14, 2020: The Intercept • Microsoft’s police surveillance services are often opaque because the company sells little in the way of its own policing products. It instead offers an array of “general purpose” Azure cloud services, such as machine learning and predictive analytics tools like Power BI (business intelligence) and Cognitive Services, which can be used by law enforcement agencies and surveillance vendors to build their own software or solutions. A rich array of Microsoft’s cloud-based offerings is on full display with a concept called “The Connected Officer.” Microsoft situates this concept as part of the Internet of Things, or IoT, in which gadgets are connected to online servers and thus made more useful. “The Connected Officer,” Microsoft has written, will “bring IoT to policing.” With the Internet of Things, physical objects are assigned unique identifiers and transfer data over networks in an automated fashion. If a police officer draws a gun from its holster, for example, a notification can be sent over the network to alert other officers there may be danger. Real Time Crime Centers could then locate the officer on a map and monitor the situation from a command and control center. Source Here
Uhm, I guess it's really is all connected, isn’t it?
June 18, 2020: The Guardian • How Target, Google, Bank of America and Microsoft quietly fund police through private donations. More than 25 large corporations in the past three years have contributed funding to private police foundations, new report says. Source Here
Long live the Military Industrial Techno Surveillance State. If you have nothing to hide, than you have nothing to worry about. Really? Are we still believing that line? Cause it's a load of crap. If we have nothing to worry about, then why are they worried enough to be implementing surveillance systems with corresponding units on the ground? Got your attention there, didn't I?
August 19, 2019: Big Think • Though the term "Orwellian" easily applies to such a technology, Michel's illuminating reporting touches something deeper. Numerous American cities have already been surveilled using these god-like cameras, including Gorgon Stare, a camera-enabled drone that can track individuals over a 50-square kilometer radius from 20,000 feet. Here's the real rub: the feature that allows users to pinch and zoom on Instagram is similar to what WAMI allows. Anything within those 50-square kilometers is now under the microscope. If this sounds like some futuristic tech, think again: Derivations of this camera system have been tested in numerous American cities. Say there is a big public protest. With this camera you can follow thousands of protesters back to their homes. Now you have a list of the home addresses of all the people involved in a political movement. If on their way home you witness them committing some crime—breaking a traffic regulation or frequenting a location that is known to be involved in the drug trade—you can use that surveillance data against them to essentially shut them up. That's why we have laws that prevent the use of surveillance technologies because it is human instinct to abuse them. That's why we need controls. Source Here
Want to know more about the Gorgon Stare? Flatten the Curve. Part 12. Source Here
Now, I'm not sure if you remember or know any Greek Mythology, but the Gorgons were three sisters, and one sister had Snakes on her head (she wasn't a lawyer) and she turned people to stone when she looked at them.
MEDUSA (Mob Excess Deterrent Using Silent Audio) is a directed-energy non-lethal weapon designed by WaveBand Corporation in 2003-2004 for temporary personnel incapacitation. The weapon is based on the microwave auditory effect resulting in a strong sound sensation in the human head when it is subject to certain kinds of pulsed/modulated microwave radiation. The developers claimed that through the combination of pulse parameters and pulse power, it is possible to raise the auditory sensation to a “discomfort” level, deterring personnel from entering a protected perimeter or, if necessary, temporarily incapacitating particular individuals. In 2005, Sierra Nevada Corporation acquired WaveBand Corporation.
Ok. Get it? The Gorgon eye in the sky stares at you while the Medusa makes you immobile. Not good, but at least it'll just freeze you in your tracks.
July 6, 2008: Gizmodo • The Sierra Nevada Corporation claimed this week that it is ready to begin production on the MEDUSA, a damned scary ray gun that uses the "microwave audio effect" to implant sounds and perhaps even specific messages inside people's heads. Short for Mob Excess Deterrent Using Silent Audio, MEDUSA creates the audio effect with short microwave pulses. The pulses create a shockwave inside the skull that's detected by the ears, and basically makes you think you're going balls-to-the-wall batshit insane. Source Here
Uhm. And drive you insane.
July 26, 2008: Gizmodo • The MEDUSA crowd control ray gun we reported on earlier this month sounded like some pretty amazing-and downright scary-technology. Using the microwave auditory effect, the beam, in theory, would have put sounds and voice-like noises in your head, thereby driving you away from the area. Crowd control via voices in your head. Sounds cool. However, it turns out that the beam would actually kill you before any of that happy stuff started taking place, most likely by frying or cooking your brain inside your skull. Can you imagine if this thing made it out into the field? Awkward! Source Here
Annnnnnnndddddd it'll kill you.
Guys, they're prepared. They've been prepared. They're ready. Remember the Doomsday Bunkers? The military moving into Cheyenne Mountain? Deep Underground Military Bunkers? The rapid rolling out of 5G? BITCOIN and UBI so neatly inserted into our minds over the last five years? They've directly told us to have three months of supplies in our homes. 2020 isn't going to be an anomaly? It's the start of the collapse of our natural resources. Take a look on Reddit and all the posts about crazy weather. Cyanobacteria blooms killing dogs and people. Toxic Super Pollution caused by atmospheric inversions killing people. This isn’t normal, this is New Normal. And they know it. They've known it for a while. Let me show you one last thing before I wrap it up.
From the earliest Chinese dynasties to the present, the jade deposits most used were not only those of Khotan in the Western Chinese province of Xinjiang but other parts of China as well, such as Lantian, Shaanxi.
Remember, words matter. Look at Gorgon Stare and Medusa. They don't randomly grab names out of a hat, or pick them because they think it sounds dystopian. They pick words for a reason.
July 7, 2017: The Warzone • There only appears to be one official news story on this exercise at all and it's available on the website of Air Mobility Command’s Eighteenth Air Force, situated at Joint Base Charleston. At the time of writing, a google shows that there were more than a half dozen more copies on other Air Force pages, as well as number of photographs. For some reason, someone appears to have taken these offline or otherwise broken all the links. Using Google to search the Defense Video Imagery Distribution System, which is the main U.S. military's public affairs hub, brings up more broken links. Oh, and unless there's been some sort of mistake, JADE HELM actually stands for the amazingly obtuse Joint Assistance for Deployment Execution Homeland Eradication of Local Militants. A separate web search for this phrase does not turn up any other results. Source Here
Now, using an acronym that indicates training to Eradicate Local Militants seems pretty dumb. It may be used in that manner if environmental collapse triggers riots, but i don't think they would warn everyone ahead of time, do you? So I dug a little bit more.
Joint Assistant for Development and Execution (JADE) is a U.S. military system used for planning the deployment of military forces in crisis situations. The U.S. military developed this automated planning software system in order to expedite the creation of the detailed planning needed to deploy military forces for a military operation. JADE uses Artificial Intelligence (AI) technology combining user input, a knowledge base of stored plans, and suggestions by the system to provide the ability to develop large-scale and complex plans in minimal time. JADE is a knowledge-based system that uses highly structured information that takes advantage of data hierarchies. An official 2016 document approved for public release titled Human Systems Roadmap Review describes plans to create autonomous weapon systems that analyze social media and make decisions, including the use of lethal force, with minimal human involvement. This type of system is referred to as a Lethal Autonomous Weapon System (LAWS). The name "JADE" comes from the jade green color seen on the island of Oahu in Hawaii where the U.S. Pacific Command (PACOM) is headquartered.
PACOM? Why isn't that command group responsible for the South China Sea?
Formerly known as United States Pacific Command (USPACOM) since its inception, the command was renamed to U.S. Indo-Pacific Command on 30 May 2018, in recognition of the greater emphasis on South Asia, especially India.
Now doesn't it look like Jade Helm is preparing for an invasion? And possibly insurrection later. Or at the same time? Or riots over WW3? Or food riots? And start thinking about why the laws are starting to exclude corporations? Then think about the mercenaries that are being contracted out by the government.
October 17, 2018: The Carolinan • In 2016, 75 percent of American forces were private contractors. In 2017, Erik Prince, former head of Blackwater, and Stephen Feinberg, head of Dyncorp, discussed plans for contractors completely taking over U.S. operations in Afghanistan. Although ultimately unsuccessful, it remains to be seen if the current administration will change its mind. Contractors are involved in almost every military task, such as intelligence analysis, logistics and training allied soldiers. Contractors are even involved in U.S. special ops missions. This is because contractors are essentially untraceable and unaccountable. Most are born in other countries; only 33 percent are registered U.S. citizens. Private military firms don’t have to report their actions to Congress, unlike the military or intelligence agencies. They also aren’t subject to the Freedom of Information Act, so private citizens and journalists aren’t allowed to access their internal documents. There are also no international laws to regulate private military firms. It’s been proven that many contractors are involved in illegal activities. The larger multinational companies sometimes hire local subcontractors. These contractors sometimes aren’t background-checked. A 2010 investigation by the Senate found that many subcontractors were linked to murders, kidnappings, bribery and anti-coalition activities. Some subcontractors even formed their own unlicensed mercenary groups after coalition forces leave. A 2010 House investigation showed evidence that the Department of Defense had hired local warlords for security services. In 2007, Blackwater contractors massacred 17 civilians. This eventually led Blackwater to being restructured and renamed as Academi. Source Here
Military Exercises. Private Defense Firms. No oversight. And it's all coming soon. Read more at Flatten the Curve. Part 20. Upcoming war and catastrophes. Source Here
Nah. I'm just fear mongering and Doomscrolling again.
Heads up and eyes open. Talk soon.
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morning joe

Stocks are set to end the week on a high note after four of the biggest tech stocks - Apple (NASDAQ:AAPL), Amazon (NASDAQ:AMZN), Facebook (NASDAQ:FB) and Alphabet (GOOG, GOOGL) - reported quarterly results that beat high expectations. Apple easily exceeded estimates on the top and bottom lines, and announced a four-for-one stock split, sending shares past the $400 threshold in after-hours trading. Amazon's sales soared, and operating income nearly doubled compared with the big drop analysts had expected. Facebook posted 11% revenue growth and issued stronger-than-expected sales guidance for the current quarter. Results from Google's parent were a bit murkier, showing the company's first-ever year-over-year decline in advertising revenue, but sales from its cloud-computing segment came in well above expectations. Big Tech has been Wall Street's mainstay this year, and the latest quarterly results look to accelerate that trend. Amazon and Apple are up 65% and 31%, respectively, in 2020, while Facebook and Alphabet each have gained more than 14% over the period. With all four stocks moving higher in after-hours trading, the tech titans likely will add more than $200 billion to their combined market value.
U.S. economy shrank by a third in Q2
The Commerce Department said U.S. gross domestic product collapsed at a 32.9% annualized rate in the second quarter, the steepest decline since the government started keeping records in 1947, as COVID-19 crushed consumer and business spending. Meanwhile, in a sign of a faltering jobs market, the number of workers applying for initial unemployment benefits rose for the second straight week, to 1.43 million, after nearly four months of decreases following a late-March peak. The Q2 economic contraction came as states imposed lockdowns in March and April to contain the coronavirus and then lifted restrictions in May and June, allowing growth to resume. Economists expect the third quarter to show growth, but the summer rise in infections likely will temper gains.
Senate fails to advance jobless benefits extension
Meanwhile, no signs of progress are evident in talks between Republicans and Democrats over a new coronavirus relief bill. The U.S. Senate failed yesterday to advance an effort to extend a $200 per week supplement to unemployment insurance benefits. Senate Republicans and the White House had sought to cut the supplement from $600 through September, after which those collecting unemployment benefits would get 70% of their previous wages when combined with state benefits. While much of the focus has been on the expiration of the additional $600-per-week of unemployment benefits, an eviction moratorium is receiving increasing attention as well.
China factory activity expands for fifth straight month
China’s official manufacturing purchasing managers' index came in better than expected, rising to 51.1 in July from 50.9 in June for its highest reading since March. July marked the fifth consecutive month that the closely watched measure of China's factory activity topped the 50 mark that separates expansion from contraction. Combined with China's official non-manufacturing purchasing managers' index, which indicated a slight deceleration in the service sector, the data suggests China's factories have returned to pre-coronavirus levels but consumer demand remains much weaker, which means inventory is piling up.
Chinese-backed hackers reportedly targeted Moderna for vaccine data
China rejects charges that hackers linked to its government targeted Moderna (NASDAQ:MRNA) to steal data related to research on a coronavirus vaccine. Citing an unnamed U.S. security official, Reuters reported yesterday that Chinese hackers targeted the U.S. biotech firm earlier this year. Moderna said it had been in contact with the FBI and was made aware of the suspected "information reconnaissance activities" by a hacking group mentioned in last week's Justice Department indictment, where two Chinese nationals were accused of spying on the U.S., including three unnamed U.S.-based targets involved in medical research to fight COVID-19. The two other unnamed medical research companies mentioned in the Justice Department indictment are described as biotech companies based in California and Maryland - descriptions that could fit Gilead Sciences (NASDAQ:GILD) and Novavax (NASDAQ:NVAX). Go deeper: J&J (NYSE:JNJ) COVID-19 vaccine candidate shows positive effect in primate study.
Amazon's $10 billion Internet satellite plan wins FCC approval
While overshadowed by the company's earnings, Amazon.com's (AMZN) tech ambitions got a boost as the FCC approved its $10B plan to put thousands of satellites in the sky to provide high-speed Internet to unserved and underserved areas. The company's Project Kuiper - using 3,200 low Earth orbit satellites - would compete in that area with the Starlink project at SpaceX (SPACE).
Australia to force Google, Facebook to pay for news
Australia will become the first country in the world to force Facebook (FB) and Google (GOOG, GOOGL) to pay publishers for the news content featured on its sites. It will give the companies three months to negotiate fair pay with media businesses there, a move to ensure competition and consumer protection as well as a sustainable media landscape. Other companies are likely to be targeted for similar moves by Australia's government later.
U.K. fraud office charges Airbus subsidiary over Saudi deal
The U.K.'s major economic crimes investigator has charged Airbus' (OTCPK:EADSY) subsidiary GPT Special Project Management and three individuals in connection with a defense contract the country arranged with Saudi Arabia. Airbus says the Serious Fraud Office's investigation related to contractual arrangements that predated its acquisition of the subsidiary. The charges represent a step forward in one of the SFO's most politically sensitive probes, which has been viewed as a potential threat to the U.K.'s relationship with the Saudis. Go deeper: Airbus works to slow cash burn, puts brakes on production.
What else is happening...
Walmart (NYSE:WMT) memo points to cutting jobs in 'streamlining.'
Facebook (FB) finally securing rights to show music videos.
Twitter (NYSE:TWTR) account breach involved phone-based phishing attacks on employees.
Thursday's Key Earnings Apple (AAPL) +6.3% PM on strong earnings, stock split. Amazon (AMZN) +5.5% PM on strong Q2 earnings, Q3 guidance. Alphabet (NASDAQ:GOOG) flat PM after soft ad revenue. Facebook (FB) +5.9 PM on strong earnings, user growth. Ford Motor (NYSE:F) +2.5% PM despite seeing weak FY demand. Gilead Sciences (GILD) -3.6% PM as pandemic disrupts earnings. US Steel (NYSE:X) flat PM after Q2 loss, upbeat Q3 guidance. Electronic Arts (NASDAQ:EA) flat PM after Q2 beat, better-than-expected FY guidance. LTC Properties (NYSE:LTC) -3.2% AH as Q2 rental revenue takes a hit. Xilinx (NASDAQ:XLNX) -2.7% PM on in-line Q2, outlook. Stryker (NYSE:SYK) -2.8% AH despite Q2 beat. Vertex Pharmaceuticals (NASDAQ:VRTX) +1% AH on robust Q2 Trikafta sales. OPKO Health (NASDAQ:OPK) -6% PM after healthy Q2 earnings. Atlassian (NASDAQ:TEAM) -7% PM on FQ4 customer weakness, downside EPS forecast. Exact Sciences (NASDAQ:EXAS) -3% AH on pandemic disrupting Q2 revenue. Expedia (NASDAQ:EXPE) -6% PM after massive Q2 bookings dip. Seattle Genetics (NASDAQ:SGEN) -2% AH despite Q2 beat. Cabot Oil & Gas (NYSE:COG) flat PM after Q2 beat, unchanged guidance. XPO Logistics (NYSE:XPO) -4% AH on weak Q2 shipping metrics. Shake Shack (NYSE:SHAK) -4.8% AH on Q2 miss, pulled Q3 guidance.
Today's Markets In Asia, Japan -2.82%. Hong Kong -0.47%. China +0.71%. India -0.26%. In Europe, at midday, London -0.17%. Paris +0.01%. Frankfurt +0.27%. Futures at 6:20, Dow +0.13%. S&P +0.19%. Nasdaq +0.84%. Crude +0.45% to $40.05. Gold +1.48% to $1,995.90. Bitcoin +1.83% to $11,161. Ten-year Treasury Yield -1.3 bps to 0.53%
Today's Economic Calendar 8:30 Personal Income and Outlays 8:30 Employment Cost Index 9:45 Chicago PMI 10:00 Consumer Sentiment 1:00 PM Baker-Hughes Rig Count 3:00 PM Farm Prices
submitted by upbstock to Optionmillionaires [link] [comments]

morning joe

Listen on the go! A daily podcast of Wall Street Breakfast will be available by 8:00 a.m. on Seeking Alpha, iTunes, Stitcher and Spotify.
More Wall Street Breakfast Podcasts » Shares of Amazon (NASDAQ:AMZN), Alphabet (GOOG, GOOGL), Apple (NASDAQ:AAPL) and Facebook (NASDAQ:FB) - worth nearly $5T in combined market capitalization - added to gains yesterday even as their chief executives defended themselves in Congress against antitrust allegations. The real test will come today, when the Big Tech companies report Q2 results after the market close. On watch will be figures and trends in e-commerce, streaming, advertising, search, app services, social media and cloud computing. Will investors start rethinking the prices that they're paying for the stocks or will their market position during the coronavirus pandemic justify their valuations?
Antitrust hearing roundup
Rep. David Cicilline (D., R.I.), chairman of the House Judiciary Committee's antitrust subcommittee, kicked off the hearing by declaring: "Our founders would not bow before a king. Nor should we bow before the emperors of the online economy." That set the tone of five hours of grilling the Big Tech CEOs over their business practices. On the competition front, the biggest questions centered around Amazon's leveraging of seller data to introduce competing products, as well as the revelation of Mark Zuckerberg's emails about the concept of buying startups in order to "neutralize a competitor."
Traders get busy
Futures are kicking off a packed session in the red, with contracts tied to the Dow, S&P 500 and Nasdaq down about 1%, as Mark Meadows said the White House and Democrats were "nowhere close" on a stimulus deal. Q2 GDP figures today will likely show an annualized contraction of 34.1% last quarter, while the latest weekly unemployment claims are also expected to show an increase to 1.45M, before enhanced federal benefits expire on Saturday. After the close, four of the market's biggest stocks will report earnings within a single hour, in a move that could cause significant volatility in after-hours trading and again on Friday. On the coronavirus front, the U.S. death toll topped 150K, marking the highest official figure in the world.
FOMC meeting
Solid gains for indexes were seen Wednesday as the Fed left interest rates near zero and pledged to maintain stimulative measures. "The path forward for the economy is extraordinarily uncertain, and will depend in large part on our success in keeping the virus in check," Jerome Powell declared. "We're not even thinking about thinking about raising rates and it will take continued support for both monetary and fiscal policy." He also said the Fed "has no intention to buy equities" after recently purchasing corporate and municipal bonds.
Both sides of the Atlantic
Today is not only the busiest day for earnings in the U.S. European firms worth more than $2T, as well as 60 companies in the Stoxx 600 Index, reported Q2 results overnight. Highlights: AstraZeneca (NYSE:AZN) shares rose 3% premarket on strong drug sales, while Shell (RDS.A, RDS.B) shares inched down after narrowly escaping a loss despite a $17B writedown and one of the oil industry's most brutal quarters. Credit Suisse (NYSE:CS) simplified its investment bank structure, AB InBev (NYSE:BUD) booked a $2.5B writedown and Airbus (OTCPK:EADSY) is keeping production rates down until 2022. Over in Asia, Samsung (OTC:SSNLF) announced its Q2 operating profit jumped 23% and forecast demand for mobile devices to recover gradually in next half of the year.
World's biggest smartphone vendor
Huawei has overtaken Samsung (OTC:SSNLF) to become the No. 1 smartphone player in the world, an ambition it has had for several years, after taking second place from Apple (AAPL) back in 2018. The Chinese vendor shipped 55.8M devices in the second quarter, down 5% Y/Y, according to research firm Canalys, while Samsung shipped 53.7M smartphones, a 30% plunge versus the prior year. However, analysts are questioning whether Huawei's position is sustainable given the fact that over 70% of Huawei's sales in the second quarter came from China while its overseas markets took a hit. Go deeper: Qualcomm strikes patent deal with Huawei.
Trade deal targets
By the end of the first half of this year, China had bought about 23% of the total purchase target of more than $170B for goods in 2020, according to Bloomberg, which based its calculations on Chinese Customs Administration data. While trade has increased over the past eight weeks, with Chinese companies booking more than $2.5B in U.S. soy purchases, imports really have to speed up in the second half of 2020 to hit trade deal goals. China may still not violate the deal if it misses the target due to the coronavirus (the trade pact grants flexibility in the event of "a natural disaster or other unforeseeable event").
What else is happening...
'Nowhere close to a deal' on virus relief - Meadows.
Amazon (AMZN) scraps live Reinvent conference in blow to Las Vegas.
Kodak (NYSE:KODK) ahead of itself on generic drug-stoked rally - Barron's.
Dollar drop plays right into these emerging market ETFs' wheelhouse.
Wednesday's Key Earnings Boeing (NYSE:BA) -2.8% posting wider loss, cutting production rates. General Electric (NYSE:GE) -4.4% hit by decline in jet engine business. General Motors (NYSE:GM) -1.7% reporting mixed results. PayPal (NASDAQ:PYPL) +4.1% AH following consensus-beating guidance. Qualcomm (NASDAQ:QCOM) +13.6% AH on FQ3 beats, Huawei settlement. Shopify (NYSE:SHOP) +7% sailing past estimates.
Today's Markets In Asia, Japan -0.3%. Hong Kong -0.7%. China -0.2%. India -0.9%. In Europe, at midday, London -2%. Paris -1.8%. Frankfurt -3%. Futures at 6:20, Dow -0.9%. S&P -1%. Nasdaq -1.1%. Crude -1.6% to $40.63. Gold +0.8% to $1969.20. Bitcoin -2.9% to $10934. Ten-year Treasury Yield -2 bps to 0.56%
Today's Economic Calendar 8:30 GDP Q2 8:30 Initial Jobless Claims 10:30 EIA Natural Gas Inventory 4:30 PM Money Supply 4:30 PM Fed Balance Sheet
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Cyber Crime - Cashaa NEO Bank Reports 337 BTC Hack, Indian Cyber Crime Team Investigating the Matter

Recently reported by India’s crypto news publication, CoinCrunchIndia, a major crypto NEO Bank, Cashaa has lost 337 BTC. It says that the Crime Branch of Delhi, a state of India is currently investigating the matter.
Cashaa is essentially a UK based crypto-friendly NEO bank, offering financial services to the crypto industry. In its latest hiring application for the PR manager, Cashaa claimed that the firm is growing more than 200% month by month. However, the platform has significant traffic from India and offers crypto services to Indian crypto enthusiasts.
As per details shared by CoinCrunchIndia, the attack was found on Friday (July 10) afternoon at around 1:23 pm (IST). While most exchanges use ‘multi-sig wallet’ as the higher level of security for funds stored in exchanges, Cashaa appeared to be using a ‘blockchain.com' wallet to store and send BTC. The first copy of the complaint shared by report reads the message from Cashaa’s employee as follows;
AT 1:23 PM, I logged into my Bitcoin.info wallet and made two transfers at 1:23 PM and 1:26 PM, at the same time multiple more transferrers happened to 'Receiver's address', emptying my wallet. It seems that the hacker got the notification as soon as I logged into my wallet, and stole the funds from him. today more than 336 Bitcoin is sent to the hacker address, affecting more people.
These BTCs were transferred to this BTC wallet address “14RYUUaMW1shoxCav4znEh64xnTtL3a2Ek” as per the records on ‘Blockchain explorer” and reports shared by CoinCrunchIndia.
Cashaa didn’t officially comment on the hack, however, it says that the company is ‘still investigating the damage caused by the incident’. It is believed that Cashaa ‘might suspend all deposits and withdrawals for 24 hours”.
In addition, Indian crypto exchanges and trading platforms are ready to work with Cashaa in resolving the issue. As such, Bitbns exchange ensured that they have marked the address, CoinDCX and WazirX also added that they will work closely with the Cashaa team ‘to support in whatever way they can’.
On the other side, an anonymous user on Twitter ‘United Crypto Exchange’ speculates that the hacker is trying to use 7BTC each, using blockchain and bitpie wallet, and then selling in mostly to Huobi. That being said, Kumar Gaurav, CEO at Cashaa blames at exchanges that hackers usually transfer stolen funds. Without specifically pointing at the matter and naming the exchange, Kumar Gaurav added;
“Everyone working in the crypto industry has to work very hard to bring the same level of security which currently an average person has when dealing with a bank account. As of today, hackers are very confident to hack crypto addresses and move it through exchanges that are facilitating such laundering through their systems. Exchanges like these must be shut down and owners of these exchanges should be charged with money laundering facilitation crime.”
Given the popularity of cryptocurrency and bitcoin, scams and hacks are on top bulletins quite often. In fact, we recently reported that India’s Kerala state-reported major scam in which the local police arrested the group of goons that kidnapped the mastermind behind a ‘bitcoin-related fraud scheme’.
Conclusively, Cashaa in our recent research report about demographics of Indian crypto users unveiled that they have a massive young audience between the age of '18-35.
Since Cashaa is yet to reveal the details about the incident, stay tuned with Bit2Buzz for the development of this 337 BTC hack.
submitted by Bit2buzz to CryptoCurrencies [link] [comments]

AMA Recap: Heatherm Huang, Co-Founder of Measurable Data Token, discusses how Alternative Data rise midst of Covid Wave

AMA Recap: Heatherm Huang, Co-Founder of Measurable Data Token, discusses how Alternative Data rise midst of Covid Wave

https://preview.redd.it/qvvmwcnr9sa51.jpg?width=1080&format=pjpg&auto=webp&s=454c1e1655920deb772f04071e731ad13e798d1f
Guest Bio
Heatherm Huang
Huang is the Co-Founder of Measurable Data Token (MDT), a decentralized data exchange ecosystem connecting users, data providers, and data buyers and denominates the value of data.
As a Serial Entrepreneur, Huang got himself involved in the Research & Development of the world’s first ever talk-and-hold voice chat system, TalkBox, then the number one mobile chat application in China and across Southeast Asia in 2010. The hype around Talkbox had Tencent offering to acquire the mobile chat application that was turned down. Tencent then released a new version of Wechat, that holds the same talk-and-hold voice chat system that Talkbox has, now familiar to all,and it was at that time that Wechat broke the telecommunications industry. Talkbox and its competitors faded in the industry soon after.
Huang’s Talkbox venture was adapted in Chinese drama, Entrepreneurial Age, with renowned celebrities, Xuan Huang and Angelababy being the main characters.
Kiana Shek
Kiana formerly worked as Deputy General Manager of Business at Baidu. Along with her strong financial education background, Kiana holds rich experience in Big Data, AI, finance & international business development. She joined DigiFinex as Co-Founder at the end of 2017, and is committed to build a secure, convenient and transparent environment for high-quality blockchain asset transactions for users globally. She is also an active speaker at different industry conferences around the globe.

The AMA
Kiana Shek (Left) & Heatherm Huang (Right)
Kiana: Hi Heatherm, it's our honor to have you here with us today. Could you please give us an introduction of MDT?
Heatherm: Hi Kiana, my pleasure to be here today. Definitely. The MDT is a blockchain-based distributed computing platform with smart contracts securely stored in the Ethereum blockchain. It denominates the value of data in this new economy. It connects users, data providers, and data buyers and denominates the value of data. The MDT launched two products:
  1. MyMDT Data Wallet, a decentralized application (Dapp) based on Ethereum that allows users to get rewarded for sharing anonymous data points and is a user-oriented portal in the MDT ecosystem.
  2. Measurable AI, a business-oriented alternative data analysis platform that turns anonymous data into sophisticated consumer insights.
Kiana: That's such an interesting concept. I am curious to know, and I'm sure so does everyone, how did MDT come about?
Heatherm: The mission behind MDT is to solve our own problems. Back in 2016, our team started venturing into data under the guidance under the guidance of Gmail creator, Paul Buchheit. Paul mentioned that the most valuable thing about Gmail is not the service itself, but the data. Gmail data enables Google to create personalized and intelligent products for its users, and helps Google build better artificial intelligence. Our product, Measurable AI, is also built to understand the market by gathering electronic receipts from billions of online consumers, thereby increasing consumer data value. The more familiar we are with the big data industry, the better we can understand its problems. In data, privacy and traceability have always been contradictory issues. Although Google uses user data to provide better services to users, it is still resisted by users to date.
As data providers, we often try to prove that our data sources are real, and all data points come from real users of our own platforms. However, to prove this, the privacy and anonymity of real users will be compromised to some extent. On the other hand, data buyers also find it a challenge to ensure that the data products they will get are effective. In data, blockchain can solve this problem. After many years of exploration in the field of consumer products and big data, our team realized that we have to compensate consumers who have contributed valuable data.
We finally launched MDT at the end of 2017. We believe that the monetization of user data will be ubiquitous in the future, and we hope to use the results we have established to start this ecosystem.
Kiana: Thank you so much for explaining in such detail. I want to know who your target markets are and how you strategize in marketing your products across different regions of the world?
Heatherm: Southeast Asia, China, Brazil, and India will be our main target markets. They all have huge potential to expand and sustain the development of Measurable AI. At present, the main promotion channel of MyMDT data wallet is still the mainstream of users based on MailTime. Our upcoming independent app that focuses on the concept of "data cashback" will also become a major promotion channel, and its audience covers not only the cryptocurrency user group, but also the mainstream user group. Promotion services in different regions will be tailored to local market conditions. For example, the most common transaction data in the European and American markets is still credit card data, but in some emerging markets such as China, it is mobile payment data, and the consumer behavior and habits of users are also different. In different countries and regions, we will also adopt different promotion forms and modify our products to suit varying needs.
Kiana: Got it. Back to today's topic, what is MDT's alternative data that users should be concerned about? How is it related to MDT?
Heatherm: Alternative data refers to unconventional, unexpected, and unidentified potential data. Unlike traditional data sources such as public financial reports, alternative data is not well known. This is where its value lies. Measurable AI is a blockchain-driven alternative data provider at the present day.
Kiana: I believe users have a new understanding of alternative data now. Is MDT an option for both data providers and crypto asset investors? How will MDT benefit investors?
Heatherm: Alternative data providers are responsible for collecting, cleaning, analyzing and understanding data collected from non-traditional sources. For example, providers can assess the community's response to crypto assets to predict their future value and price movements. Although they are valuable, they do not fully reflect the company's operating conditions.
In today's data-driven era, investors need more than endless numbers on spreadsheets. They need insightful data to make informed decisions in the market. Certain financial markets, such as encrypted assets, do not revolve around traditional financial data sources. Cryptocurrencies like Ethereum or Bitcoin cannot be effectively analyzed through financial statements because their prices are determined by factors other than common data sources. Alternative data fills this gap. As the name suggests, alternative data refers to information obtained from non-traditional sources (such as social media and consumer trends), which helps investors have a deeper understanding of investment tools.
Kiana: The novel coronavirus (COVID-19) is rampant, has Measurable Data been affected in development? What measures have you taken to counter the challenge for the safety of the team? What contribution has MDT made to society against COVID-19?
Heatherm: Due to the pandemic, the MDT team worked at home for 3 months until May when the team returned to office. However, the great impact COVID-19 has on the global economy, the demand for alternative data has increased for hedge fund clients. In the past few months, we have served more than 10 hedge funds and seller research institutions, providing them with first-hand consumer insights for many listed companies to analyze the pandemic's impact on the revenue of these companies and the speed of recovery. A few weeks ago, I accepted an interview with Bloomberg. I mentioned that the recent pandemic and the Luckin Coffee scandal has greatly boosted the demand for alternative data because hedge funds hope to use alternative data to monitor the pandemic's impact on major companies and its recovery rate. This is the value of alternative data.
Kiana: What do Alternative Data providers do? Is MDT an Alternative Data provider and Cryptoasset investor at the same time? How does the data benefit the investor?
Heatherm: Alternative data providers are the ones responsible for collecting, cleaning, analyzing, and making sense of data collected from non-traditional sources. For example, a provider may assess how the community is reacting to a crypto asset to predict its value and price movements in the future. Though valuable, they don't give the full picture of how a company is doing.
In today's data-driven landscape, investors require more than endless numbers on spreadsheets. They need insightful data that is actionable enough for them to make informed decisions in the market.
Certain markets like crypto assets also don't revolve around traditional financial data sources. Cryptocurrencies like Ethereum or Bitcoin cannot be analyzed efficiently with financial statements since their prices are determined by factors outside of commonly used data sources.
Alternative data fill this gap. As the name suggests, alternative data is information derived from non-traditional sources — like social media and consumer trends — that help investors obtain more in-depth insights on investment vehicles.
Kiana: Wow, Alternative Data providers play such a crucial role in the economy. How does MDT ensure that data security and privacy are well protected under regulations like GDPR?
Heatherm: In an increasingly digitized world, huge quantities of "alternative data" are being generated every day which can complement or substitute for traditional financial data (such as information on loan payments, defaults and bankruptcies) and open the door to financial services for previously unserved or underserved customers.
Data protection and privacy require a new way of thinking and preparation as regulatory or institutional frameworks to protect individuals and firms either do not exist or are rapidly outpaced by technological advances.
Kiana: Makes sense. The world will only get more digitized each day. Who do you consider your competitors and why do you think you are better than them?
Heatherm: Projects that share similar ideas of compensating users for sharing rewards are DataWallet, and GXChain.
DataWallet recently pivoted to a data compliance service platform for startups. GXChian also rewards users for sharing data, however, their focus is on users' personal information for credit checking and user profiling.
MDT is focused on anonymous and aggregated consumer transactional data for industry insights' purpose, and we endeavour to never involve any personal data.
Although we both reward users for sharing data points, we share different business models and positioning on what type of data to get involved in and how users can monetize over their data.
We believe the scenarios MDT creates now is more likely to be adopted by the public.
  1. It involves only aggregated and anonymous data points for a transparent purpose
  2. It is easier for users to get started without privacy issues (on blockchain, but accessed through user-friendly dapps
  3. It benefits the data buyers financially and socially for joining an initiative of a company compensating users for data.
Watch
We had a fruitful AMA session with Heatherm Huang, and learnt on how MDT as a decentralized data exchange ecosystem enables for honest, efficient, and transparent trading in the crypto financial market. To watch the AMA Live, click: AMA | Measurable Data Token: Unveil Covid-19 Impacts with Alternative Data
Please stay tuned to our next episode of AMA Live.

Source/s: Measurable Data Token
submitted by DigiFinex to u/DigiFinex [link] [comments]

Crypto Regulation in Countries which witnessed Spike in Crypto Interest

CoinMarketCap, one of the most preferred sources for crypto market capitulation has recently released the graph of countries that have registered a surge in crypto usage. The report named nine countries including Nigeria, Australia, Spain, Canada, Mexico, U.K., Colombia, India, and Pakistan which marked huge growth in Cryptocurrency Interest. However, it is pivotal to understand the type of crypto regulations, frameworks ad polices these countries are entertaining.
Nigeria - With Nigeria being one of the biggest countries in the world population-wise, it also boasts of being one of the leading countries in Africa in terms of GDP boasting of about $500 billion nominal GDP returns. Taking a look at the crypto regulation in Nigeria, Bitcoin and all other forms of crypto are all legal although the Security Exchange Commission in the country has warned the population of the high risk involved. With the previous move by the government of Nigeria to ban crypto trading, the regulations are still unclear with the government issuing strong warnings of the volatility in the market.
Spain - Spain mirrors Nigeria in the way that digital assets are approached in the country with the European nation not having a single regulation when it comes to crypto adoption. The Spanish government joined forces with the Spanish Security and Exchange Commission to teach investors on the dangers of trading in crypto assets. Even with the absence of regulations, the government has said that it does not see crypto as a means of tender, they may be referred to as securities.
Australia - As far back as 2017, when Bitcoin was trying to make its mark in the financial market, Australia was one of the few countries that moved swiftly to encourage the budding investment. The government declared the digital assets a legal investment in the country and as such is treated as property while being subject to Capital Gains Tax. Previously, Australia subjected crypto assets to a double taxation scheme with the assets classed under the Goods and Services Tax but the recent change has encouraged a widespread adoption.
Canada - Canada has swiftly moved to ask all businesses and investments to register their respective firms under the FinTRAC as their activities would be monitored by the body to check fraud and money laundering. The new crypto law according to FinTRAC is that all transactions that are more than $7,000 should be duly noted. The sending and receiving party should be identified and failure to do so would attract severe charges. The new law has given investors a huge relief in terms of eliminating fears of fraud.
Mexico - Mexico enacted a new law to guide crypto in March 2018 but was met with resistance across the country. The new law states that cryptocurrencies were illegal but could be used as a means of payment across the country. The new law states specifically that Banxico, the country's central bank should monitor all crypto activities and would report all unauthorized transactions whilst handing out fines to businesses that fail to adhere to the instructions. The major boost is that crypto businesses have not been levied with a clear tax system as regards digital assets.
United kingdom - Ever since the wide adoption of crypto around the world, the United kingdom has always measured the activities of crypto exchanges across the country. Even though the government has refused to see digital assets as a means of legal tender, they have moved swiftly to enforce a registration with the FCA amongst the exchanges in the country. With no ground laws in place to monitor the activities of the exchange, the country has levied the capital gains tax on individuals and investments dealing in cryptocurrencies.
Colombia - Colombia has one of the worst rules and regulations when it comes to crypto adoption. Presently, the country lacks a legal framework when it comes to regulating crypto. With the country witnessing a 61% growth in terms of FinTech companies despite the seemingly unregulated activities of crypto exchanges in the country. With the Colombian law failing to recognize cryptocurrency trading as a legal investment, most of the exchanges in the country are always subject to losing their services for handling of illegal transactions.
India - India recently passed a bill into law that said that banks can now work with crypto exchanges in the country. This development comes after the legality of crypto exchanges and the laws that govern them were called into questions after the Supreme Court permitted them to carry out their activities in the country. Presently, the trading of crypto in the Asian country is legal and has seen so many adoptions even before the court ruled in its favor. With a legal framework scheduled to be drafted in the coming weeks, only time will tell if it would favor more adoption.
Pakistan - Pakistan issued a blanket ban on crypto investments across the country in 2019 but has soon suspended the ban and asked all crypto exchanges and service providers to register their business with the state bank of Pakistan. The country executives are presently going into a meeting to discuss how the legal frameworks for the adoption of crypto would be in the country. Despite the ban that was effective since last year, the majority of the Pakistan population has owned cryptos in other countries but can now comfortably trade in their own country.
submitted by Bit2buzz to btc [link] [comments]

morning coffee

More Wall Street Breakfast Podcasts » "Despite several issues of importance - national riots, Chinese relations, an ongoing pandemic - the stock market is primarily focused on a single thing: the restart of U.S. and global economic activities," said Jim Paulsen, chief investment strategist at the Leuthold Group. The sentiment led S&P 500 futures to tack on another 0.6% gain overnight as Dr. Anthony Fauci expressed renewed "optimism" about a coronavirus vaccine. On the economic calendar, the ADP Employment Report today will give a fresh read on the extent of the COVID-19 pandemic, while oil climbed 2% on anticipated output cuts at the upcoming OPEC+ meeting.
Come on and Zoom!
A surge in video conferencing usage saw revenue growth at Zoom (NASDAQ:ZM) jump 169% to $328.2M as the company reported top and bottom line beats for Q1. Zoom also doubled its revenue guidance for the year, pushing up shares as much as 4.5% in AH trading on Tuesday. In keeping with its previous practices, the firm didn't disclose active user numbers, though analysts at Bernstein estimate Zoom's mobile app had 173M monthly active users as of May 27, up from 14M on March 4.
Zuckerberg stands firm after walkout
Facing internal unrest over the company's gentle approach to moderating posts from President Trump, Facebook (NASDAQ:FB) CEO Mark Zuckerberg told employees he stood behind his decision, one he called "tough" but "pretty thorough." Policies will be reviewed to see if they need to change for the future. Facebook employees particularly took issue with a post by Trump that threatened violence, including the words "when the looting starts, the shooting starts." Similar posts on Twitter (NYSE:TWTR) were flagged for violating policy.
Apple is tracking looted iPhones
Thieves who made off with iPhones from Apple (NASDAQ:AAPL) retail locations in New York, Los Angeles, Minneapolis, Washington and Philadelphia quickly learned that they were loaded with special security software. On-screen messages displayed: "This device has been disabled and is being tracked. Local authorities will be alerted." The social unrest sweeping across the nation comes just as Apple is in the process of opening more than 100 stores following an extended closure due to the coronavirus pandemic.
Digital taxes
The Trump administration is opening a "Section 301" investigation into taxes on digital commerce - proposed by a range of trading partners - that could affect revenues booked by tech giants like Facebook (FB), Google (GOOG, GOOGL) and Amazon (NASDAQ:AMZN). The move could ultimately lead to punitive tariffs and heighten the chances of another global trade dispute. France already agreed to postpone its new digital tax until at least the end of 2020 after the U.S. threatened to impose tariffs of up to 100% on imports like French wine, cheese, handbags and porcelain.
Will negative rates be needed?
Many have doubted that the U.S. could go negative like Japan and parts of Europe, but St. Louis Fed economist Yi Wen says that's what it would take to achieve a V-shaped economic recovery. "I found that a combination of aggressive fiscal and monetary policies is necessary. Aggressive policy means that the U.S. will need to consider negative interest rates and aggressive government spending, such as spending on infrastructure." Wen cited historical examples like President Roosevelt's aggressive fiscal stimulus package during the 1930s and huge surge in government spending once World War II began.
Britain news roundup
The Shanghai-London Connect program, years in the making, has so far produced only one listing - Huatai Securities (OTCPK:HUATF) - which raised $1.5B last June. China's market regulator has now approved a fresh listing for China Pacific Insurance (OTCPK:CHPXY), signaling a revival of the program. While the ties could bring the nations closer, other news overnight may go in the other direction. Boris Johnson pledged to let into the country nearly 3M Hong Kong citizens - who are British overseas passport holders - due to China's new national security law, and place them on a possible path to U.K. citizenship.
Drug shortages
One of the most widely prescribed antidepressant medications in the U.S. has fallen into short supply, according to a new list from the FDA. Pfizer (NYSE:PFE) said some versions of its name-brand Zoloft, such as 100 milligram tablets in 100-count bottles, were scarce because of higher demand during COVID-19, while generics faced shortages of certain ingredients. Zoloft prescriptions climbed 12% Y/Y to 4.9M in March, the most ever in the U.S., according to data compiled by Bloomberg, but receded to 4.5M in April.
M&A activity
French luxury goods group LVMH’s (OTCPK:LVMHF) $16.2B takeover of Tiffany & Co (NYSE:TIF) is looking less certain, according to Women's Wear Daily. It's the latest big merger said to be on the rocks amid a deteriorating situation in the U.S. market brought on by a COVID-19 pandemic and severe social unrest. Further challenges include spending pattern shifts, the collapse of international tourism and trade tensions between Washington and Beijing.
'Biggest Sale in the Sky'
After postponing its annual Prime Day event due to COVID-19, Amazon (AMZN) is reportedly setting up a "summer sale" for June to boost sellers hurt by the outbreak and swimming in inventory. The company told brands it would launch a fashion sale June 22, to run anywhere from 7-10 days, and that participation in the event was "invitation only." It's building landing pages with a working title "Biggest Sale in the Sky," and has asked brands to meet an end-of-Wednesday deadline to submit deals with a discount of at least 30%.
What else is happening...
Sports betting to the rescue in California?
Twitter (TWTR) names Pichette as new independent chairman.
Google (GOOG, GOOGL) faces $5B lawsuit over 'private' internet use.
FAA boss to testify at Senate hearing on 737 MAX (NYSE:BA).
Lyft (NASDAQ:LYFT) trims loss forecast after May rides jumped 26%.
Tuesday's Key Earnings Ambarella (NASDAQ:AMBA) -3.7% AH on light revenue guidance. CrowdStrike (NASDAQ:CRWD) +6.2% AH following a beat-and-raise. DICK'S Sporting Goods (NYSE:DKS) +3.7% as e-commerce sales rose 110%. Zoom Video (ZM) +1.4% AH posting Q1 beat, aggressive outlook.
Today's Markets In Asia, Japan +1.3%. Hong Kong +1.4%. China +0.1%. India +0.6%. In Europe, at midday, London +1.5%. Paris +2%. Frankfurt +2.2%. Futures at 6:20, Dow +0.8%. S&P +0.6%. Nasdaq +0.5%. Crude +1.7% to $37.43. Gold -0.6% to $1724.40. Bitcoin -5.6% to $9527. Ten-year Treasury Yield +3 bps to 0.71%
Today's Economic Calendar Auto Sales 7:00 MBA Mortgage Applications 8:15 ADP Jobs Report 9:45 PMI Services Index 10:00 ISM Non-Manufacturing Index 10:00 Factory Orders
submitted by upbstock to Optionmillionaires [link] [comments]

TkeyNet: release date, a brief analysis of the system, future plans

TkeyNet: release date, a brief analysis of the system, future plans

https://preview.redd.it/ayym7cl9c1b51.png?width=700&format=png&auto=webp&s=367792bdc6acdcc670345cf1d6e12865d681b21b
During the development of the project, we published 3 documents about the technology that we are developing and preparing for the market. Some decisions were changed, but the main idea and goal remained the same — effective financial management.
Since the ICO boom, several years have passed, blockchain and cryptocurrencies have become synonymous and are perceived only as a means of earning money and the obvious advantages of using the technology itself in combination with others are of little interest to anyone. A user, business representatives, or some government officials associate the word “blockchain” directly with cryptocurrency or Bitcoin, without thinking about using systems built on a distributed registry in the current reality.
As we mentioned above, during the development of the project, several documents were published in which we announced our technology and clearly said that we are mixing modern concepts and approaching the market from an economic and scientific point of view, borrowing the best from Bitcoin, Ethereum, DASH, and other alternative currencies.
It is important to note that the concept of Bitcoin or Monero will be different from the concept of TkeyNet. These are other areas and practical application that some market participants may perceive as similar, but this is far from the case.
“When you innovate, you must be prepared for a prolonged lack of understanding of your actions on the part of your environment. You can do something you believe in, but for a long time, people who only wish you well may criticize your endeavors. When faced with such criticism, ask yourself — Are they right? And if you answer this question positively, accept the criticism and adjust your work accordingly. If the answer is negative, if you are firmly convinced of your rightness, you should prepare for a long defense, defending your positions. This approach is a key component of innovation.” ©
The idea of Bitcoin is beautiful, even if it has not yet been accepted by society as planned, but at least the idea of using Bitcoin as a means of accumulating value and storing savings has a place to be. Bitcoin actively strives for a high price mark and dominates the market by more than 50%, and this is a great result. Bitcoin set the necessary vector for many developers around the world, people were able to review the systems used and make their own decisions based on the Bitcoin core, for example, DASH or Ethereum, and users, in turn, learned about such a phenomenon as cryptocurrency.
In General, what was this introduction for? That TKEY should be considered as a universal asset, without defining it as a cryptocurrency. The question may immediately arise, why is this so? It doesn’t have explicit currency properties? Bitcoin also does not have the properties of cash but is called a cryptocurrency, and the types of applications of the peer-to-peer payment system Bitcoin and TkeyNet can differ significantly from each other.
https://preview.redd.it/3qfe582cc1b51.png?width=700&format=png&auto=webp&s=406f3c93314c473f9b9c9512e543fa33c6211067
The purpose of this publication is to tell you about the new features of TkeyNet, when the official transition to the new Protocol will take place, and why TKEY is a universal asset that simply needs liquidity? In General, we will talk about the clear advantages of switching to new technologies that we have been striving for so long and about your benefits of using them accordingly.

What is TkeyNet, and what are its advantages?

TkeyNet is an infrastructure that combines various solutions for users, businesses, and the public sector. Secure corporate networks, payment processors, liquidity, cross-border payments, trading tools, information security, instant exchanges, investment tools. One platform — millions of opportunities.
https://preview.redd.it/bwewihsdc1b51.png?width=700&format=png&auto=webp&s=4bfc1343b46a1eb51f0b972cac509cc1893f3fa4
When creating TkeyNet, we immediately turned to e-cash protocols, concepts of electronic currencies, considered the movements of Bank international transfers, and also drew attention to the obvious complexity of these systems. Therefore, to build a high-quality architecture of TkeyNet, the team took as a basis — blockchain technology, cryptography, payment and banking system, electronic cash protocols, exchanges, stock markets, DHT, and other p2p networks.
Now more than ever, businesses, users, and most financial market participants need reliable and modern systems that will meet the needs of the market.
For example, a user wants to quickly send funds to another user, and they do not want to think about how the blockchain works and who the “miners” are and what they do for the network. Any of us want to open the app and click a few buttons on the screen to pay for a particular service or send money to relatives abroad and the most importantly, know that the funds will reach you quickly and with a minimum Commission. Or let’s say you came to India, you have some funds in Bitcoin, but you would like to pay for your purchases in the local currency — the Indian rupee without extra conversions.
You are the owner of a payment system or Bank, and you want to receive % for conversion transactions, or banks want to create their consortium for cross-border payments. Either you are an entrepreneur and plan to open an exchange or trading platform for trading various assets, not necessarily digital, but, for example, gold and diamonds, or you are a young and purposeful startup team and want to quickly launch your Digital Bank, or you do not want to do business, and you have several million euros or dollars, you want to get % of their use.
https://preview.redd.it/hkv2xcpfc1b51.png?width=626&format=png&auto=webp&s=4ae497765a2d02b66046d5a112eb0dd4f1eeb0bc
TkeyNet makes these features available to all participants.
As we can see with you, there are quite a lot of use cases, and it may seem that TKEY is again torn into 100500 different directions, but this is far from the case. Here, a specific and clear direction is Finance and its movement.

How TkeyNet works

Remember, we said that — “to develop the platform on a global level, it is necessary to reach a consensus between government regulation, business, and society. We understand that it is impossible to achieve 100% of this, but it is possible to create favorable conditions favorable to all parties.”
How will the system work? All participants are connected to the system using TkeyNet technology that allows the financial gateway to control their transactions with increased speed, transparency, and efficiency. Independent verification servers constantly compare their transaction records. To hack the system, you will need to get access to all the devices that are logged in.
https://preview.redd.it/ltwgjrhhc1b51.png?width=700&format=png&auto=webp&s=413d03504eafa2b496cf99d837b6a2a1c9ba6818
TkeyNet solutions offer a cryptographically secure, end-to-end payment flow with the immutability of transactions and redundancy of information contained in them. It is developed to meet each financial gateway’s risk, privacy, and compliance requirements. Since the software is developed to be easily integrated into the existing financial infrastructure, it minimizes any integration costs and failures, and also meets international standards (ISO, etc.).

TkeyNet can be a neutral utility for financial institutions and systems

A gateway is an organization that allows users to invest money and take money out of a pool of liquidity. The gateway accepts currency deposits from users and issues balances to the TkeyNet blockchain.
TkeyNet Protocol provides a single source of truth for counterparties while maintaining the confidentiality of payment data of Bank clients.
TKEY is a universal bill (digital obligation) in the distributed registry TkeyNet.
Gateways install specialized software for interacting with the distributed registry and other system participants. Users, brokers, and other participants interact with the system via mobile or web interfaces. Gateways act as a link between the distributed registry, brokers, users, and other services that allow you to make quick transactions.
https://preview.redd.it/igdiw4tjc1b51.png?width=700&format=png&auto=webp&s=3a25f8f6b74a0cebf2450d05a7bf7c675547e624
The participants of the system make payments between themselves by using cryptographically signed transactions denominated in digital obligation. This type of transaction uses an internal registry.
In the case of working with Fiat currency and other assets, such as securities and precious metals, the registry records the amounts owed with assets presented as debt obligations. All accounts and transactions are cryptographically secure and verified algorithmically. Payments can only be authorized by the account holder, and all payments are processed automatically, without any third parties or intermediaries. The TkeyNet Protocol checks balances and accounts inside the system for transferring payments and sends payment notifications with minimal delay, which ensures fast calculations in the system.
For more specialized solutions can be created by the Central gateways and the gateways just. A Central gateway is an organization that allows users to invest money and take money out of the liquidity pool. Gateway is an organization that interacts with the Central gateway. Accepts and exchanges digital liabilities for other assets, such as securities.
TkeyNet globally reduces the number of different expenses and automates operational tasks, simplifies and reduces the cost of conducting monetary transactions, and improves traditional financial services.
We understand that it is not easy to tell all the principles of the TkeyNet system in a single publication, especially one that deals with neither one nor two issues. Therefore, you should consider this material as a basis, a base that will help you learn the information that is related to the TkeyNet Protocol most easily after the release of TkeyNet.
Moving a little away from corporate solutions, we suggest you recall some theses from our roadmap, which was published on the official website in the period from September 2018 to November 2019:
“The introduction of the exchanger in web wallets and the app will allow users to send money in one currency, and the recipient will receive it in another currency. For example, a user can buy Tkeycoin for dollars and exchange it for euros or Bitcoin or Ethereum at the current exchange rate.This functionality provides full control of funds through a single trusted and most secure source. Users no longer need to create multiple accounts on third-party resources to make an exchange into a particular currency.With the development of the network, it is possible to implement a multi-exchange that works on the principle of a payment bridge, when the user sends funds to Tkeycoin, and the recipient chooses the receiving currency, let’s say Litecoin, the funds are automatically converted” ©
https://preview.redd.it/htf048hmc1b51.png?width=700&format=png&auto=webp&s=9be3fe4895b5bece5c7c0d72548d4724e46556a7
We wrote above that TKEY can in principle be used as a universal asset, acting as a digital obligation or an asset as an exchange. By the way, references to this were also published on the official website — tkeycoin.com. In simple words, using one of our web interfaces, you can access TKEYRUB or TKEYUSD or any other asset, such as TKEYGOLD.
TKEYUSD, TKEYRUB, and TKEYGOLD are symbols and can be called differently in the system, for example, TKUSD or GOLDTKEY, so now they should be considered as an example.

Why is TKEY a universal asset?

As before, you can easily and quickly send TKEY to any member of the network and TKEY will have liquidity on the exchange also, TKEY allows you to fast exchange for euros, dollars, or other currencies.
https://i.redd.it/qapkdnvoc1b51.gif
For the interface, the applications will display functions of digital assets 1:1 to a particular currency, for example, TKEY to RUB, TKey to EUR, or TKEY to Dirhams or TKEY to the pound and vice versa, respectively.
https://preview.redd.it/0ipx86fqc1b51.png?width=700&format=png&auto=webp&s=a406e9c0f181a5d0b1ecde347511954ba61bf433
Therefore, as we said above, TKEY should not be regarded as a cryptocurrency, it is a universal unit inside the system TkeyNet, which may refer to transaction information as exchanges of obligations between banks and transaction TKEY -> TKEY between users, or to carry information about the exchange on the exchange or the exchange of digital assets or gold variations quite a lot, for most of the functions we describe in the release day TkeyNet.

What are the advantages for companies and developers?

First of all, we strive to open the doors for all platform participants. Only through synergy and cooperation can we accelerate the pace of development of the entire system and the introduction of new technologies in the market.
The platform will open doors for developers, who in turn can create technological solutions based on TkeyNet. A working environment will be created, and integration with the TkeyNet platform will be as easy as with the documented SDK or plug-ins. In the course of development, API documentation and ready-made SDKs for developers will be published.
https://i.redd.it/31x1k7gsc1b51.gif
This will make it easy to use and implement TkeyNet technology in various types of applications, for example, you want to create fast exchanges, we provide you with a framework, back-end, and API, and you create a front-end and launch your service, get your Commission, and are an independent project in the market. An important point is that integration into the existing infrastructure takes place while maintaining the decentralization of the TkeyNet system so that all its internal and external operations remain confidential and verified at the same time.

What are the advantages for users?

This means getting a universal tool for working with financial markets and easily converting an asset into any other asset: euro, dollars, or gold.

https://preview.redd.it/ol4964huc1b51.png?width=626&format=png&auto=webp&s=7fedfc9009201cb8c392be3f214f285d003c0d95
Also, TKEY owners should clearly understand that the more the system develops and there are more participants, namely the corporate segment, projects, and partners, the company will be more stable and thus the project assets will grow stronger.
The popularity of the platform and trust in it directly affects the price of assets, these are the key points of growth signs, the wider and more influential the spread of the company in various areas, the higher its performance in the market.

When will the long-awaited transition to TkeyNet take place?

What changes will be made to the products?

As you understand, everything will change, and this is for the better. At a minimum, products will become faster, lighter, safer, and more versatile.
Changes and new releases will be released as soon as they are ready. In TkeySpace, the TKEY libraries will be rewritten under TkeyNet. A web version of the wallet will appear, and eventually, an application with an exchange interface will be released for quick trading and exchange of various assets, not limited to digital ones. The Tkey Messenger will be adapted for TkeyNet and will be released for previously announced platforms: iOS, Android, Linux, macOS, Windows immediately with the ability to translate directly in the messenger. We will tell you about the messenger architecture on the release day.
All changes and releases will be published and announced after the release of TkeyNet.

What is radically new in TkeyNet?

There will be funds, the Protocol will become much more universal, as well as the TKEY itself. The Protocol will also exclude the possibility of attacks that could have been in Core 1.0, also, the principles of the platform will change. We will publish all technical specifications on the day of release.

Timeline for switching to TkeyNet

The transition to TkeyNet will not take place until August 2020. We will release news and instructions for switching to TkeyNet, so we recommend that you subscribe to the newsletter immediately: https://tkeycoin.com/en/newslette.

Listing on crypto exchanges

The liquidity of the TKEY asset is urgently needed for the development of the entire TkeyNet system, so the company will provide trading platforms for TKey trading and exchange.

Conclusion

The introduction of technologies using digital currencies will create the fastest transition of users and the corporate market to a new level.
FinTech direction makes it possible to manage finances in the most efficient and secure way, without violating the law. This system simplifies, reduces the cost of conducting monetary transactions, and actually improves traditional financial services.
The solution is interesting to everyone who works with money and is used to getting maximum efficiency from it: business, investors, traders, users of banking solutions, the corporate segment, etc. When using the system, large businesses get solutions for interacting with customers online, without using specialized points.
We, in turn, are open to various offers and cooperation on flexible terms. If you have any suggestions or interesting concepts, please contact us at [[email protected]](mailto:[email protected]).
submitted by tkeycoin to Tkeycoin_Official [link] [comments]

Blockchain Technology in Stock Exchange

Blockchain Technology in Stock Exchange
https://preview.redd.it/gl5x4j3hg1351.jpg?width=2400&format=pjpg&auto=webp&s=9eca4a55c76edf1e394b6fe1270daa1032417221
Will blockchain technology be the most significant disruption of the last three centuries in the stock market industry? Well, Norbert Biedrzycki -Head of Services CEE at Microsoft says so, and so does blockchain council. Blockchain technology has been able to significantly change the dynamics of money, supply chain management, finance, record keeping, and more. Along with supporting crypto-currencies such as bitcoin and ethereum, it can revolutionize both the storage and transmission of financial data around the globe and stock trading marketplaces.
While Tokyo Stock Exchange and Nasdaq have unveiled the use of blockchain in its core trading infrastructure, India's Securities Exchange Board, among others, is researching its feasibility in fundraising, post-trade settlement, and asset management.
Learning of the blog

  • What is blockchain technology?
  • How is it useful to the stock market?
  • Advantages that it brings
  • Early accessors
  • Future Scope
What Is Blockchain Technology?
Blockchain is a database innovation that provides a shared public register where all parties can track and encrypt transactions. This register consists of nodes, and each node is a computer that follows the protocol. Blocks are public, but its contents can be protected by cryptography. A new block is added every time a token transaction is confirmed. There are private blockchains in which access is by permission only, and in-house nodes verify the transactions. On the other hand, public blockchains, as you must have guessed, are open access. Another type is permissioned public blockchains that retain the volunteer verification but has restricted access.
If you want to know more about blockchain, you can check out this blockchain course!
How Is It Useful To The Stock Market?
The stock market is a mammoth creature with very high inertia. Blockchain technology can prove fruitful in clearing and settlement alongside securing automation of the post-trade process. It can speed by the settlement of trades and subtly go about stock exchanges with the help of automation and decentralization.
According to a Blockchain in Capital market's report, "IT and operations expenditure in capital markets is currently close to $100-150 billion per year among banks". Blockchain can reduce extra commission costs by eliminating the third party regulator as the blockchain network does the needful. Thus, it can answer trust, interoperability, and transparency issues.
Advantages that it brings
The advantages that blockchain technology brings along are:

  1. Decentralization: As the system is distributive, money is not present at one node.
  2. Transparency: As technology is in public eyes, it brings in trust.
  3. Cost Reduction: Since there are no intermediaries, the cost gets reduced.
  4. Security: Blockchain can act as an automatic surveillance system, and the valuation of securities deposited can be done daily.
  5. Less time: The transactions are quick, as there is no duplication of the process.
  6. High Liquidity: Blockchain reduces ineffectiveness with the help of automation, ultimately bringing in more investment.
Early accessors
The New- York-based firm Nasdaq which operates at the junction of finance and technology, was one of the first to adopt bitcoin technology, thus advocating the demand of blockchain professionals. It now enables investors to harness blockchain's power by securely navigating financial markets at an international level. To register all transactions in real-time, Nasdaq Stockholm and the Swedish bank SEB started testing blockchain.
The London Stock Exchange Group, in collaboration with IBM, is testing a blockchain platform to fully digitize trades in the shares of medium and small-sized enterprises. Apart from this, the NYSE and Deutsche Borse would be evaluating the feasibility and advantages of the technology soon.
Future Scope
Due to less testing, there are some scalability issues with blockchain, so to disrupt the operations of the stock market, it can take up to ten years, but it does have the potential to transform companies and the society. It is a great investment opportunity because of its ability to tackle data fragmentation, insider trading, data loss, reconciliation, and ticket matching problems.
Thus. Blockchain technology can bring about the widespread upset in automated market surveillance and post-trade event processing.
submitted by Blockchain_org to BlockchainStartups [link] [comments]

Subreddit Stats: CryptoCurrency top posts from 2017-06-16 to 2020-03-29 14:02 PDT

Period: 1017.08 days
Submissions Comments
Total 934 259273
Rate (per day) 0.92 254.49
Unique Redditors 752 54249
Combined Score 2439059 2983723

Top Submitters' Top Submissions

  1. 55770 points, 8 submissions: DestroyerOfShitcoins
    1. CryptoNick is deleting all of his BitConnect videos, and so are his buddies. Please never forget what he and his cohorts did to so many people, and how much money those people lost in the process thanks to CryptoNick, Trevon James, and Craig Grant! (26497 points, 3056 comments)
    2. Listen up folks, if you "did", or still do promote cryptocurrency related scams, you will be called out on it via this sub-Reddit. We don't care about you, or your ill-gotten gains, we care about the general well-being of our community first and foremost. (17888 points, 1277 comments)
    3. So no one else finds it a bit odd that Verge is actually going up in price in a bear market, after a hack attack, after being outed for paying McAfee to promote it, and after the 1 developer begged for money from his own community to allegedly help pay his taxes? (2548 points, 867 comments)
    4. Not 2 days after the fall of BitConnect, and Trevon James is already promoting his next Ponzi scheme affiliate program in his latest video called Davor... the nerve of this guy! (2230 points, 412 comments)
    5. Cryptonick is selling a cryptocurrency course for $497, and yet he doesn't even know the difference between a public key and a private key... welcome to crypto folks! (1803 points, 238 comments)
    6. You guys have to stop expecting any of these business men of old to champion "decentralized" cryptocurrencies... it's just not going to happen. (1790 points, 449 comments)
    7. The bulls are back baby, and Ethereum is taking over the pairing business on exchanges... it's about time! (1642 points, 733 comments)
    8. Trevon James, legendary BitConnect scammer gets caught trying to cheat on Steemit, by up-voting shit on a fake account to make money... has this guy ever done anything honest in his entire life? (1372 points, 192 comments)
  2. 47580 points, 13 submissions: coinmoon_com
    1. Nasdaq is open to becoming cryptocurrency exchange, CEO says (17168 points, 830 comments)
    2. Facebook bans crypto advertising. Then says it’s working on its own crypto coin. Hypocrites! (6036 points, 335 comments)
    3. JUSTICE: Bitconnect Leader Arrested (4283 points, 315 comments)
    4. Apparently there is no SEC hearing on Ethereum today and it is all just orchestrated FUD. (2863 points, 437 comments)
    5. Nasdaq May Launch Bitcoin Trading in October 2018 (2650 points, 182 comments)
    6. UPbit audit confirms South Korea’s biggest Cryptocurrency Exchange was not at fault. It was all just FUD! (2328 points, 110 comments)
    7. LET THIS SINK IN: "Bitcoin has the potential to become the first worldwide currency and we're trying to make that happen" - NYSE Owner (2224 points, 587 comments)
    8. Coinbase Survey Shows 18% of all US Students Now Own Cryptocurrency (1793 points, 331 comments)
    9. Beyond Huge! With $10.7 trillion worth of assets under custody and administration, Northern Trust opens doors to Cryptocurrency hedge funds (1770 points, 143 comments)
    10. CNN Video: "People around the world are starting to trust Bitcoin more than the Central Banks". Damn Right! (1679 points, 434 comments)
  3. 44336 points, 8 submissions: arsonbunny
    1. Why we won't have a long term bear market, and how to systematically pick your future investments in crypto (14599 points, 917 comments)
    2. I've created an Excel Crypto Portfolio Tracker that draws live prices and coin data from CoinMarketCap.com. Here is how to create your own. (12287 points, 687 comments)
    3. Want to start fresh after the crypto crash? Here is a comprehensive guide on how to invest and prosper over the long term. (6087 points, 636 comments)
    4. This sub is a mess and needs to get out of the anger stage: How to move forward from the crash if you're a bagholder (3356 points, 392 comments)
    5. Understanding Tether: Why it accounts for a substantial part of the crypto market cap and why its the #1 outstanding issue in crypto markets today (2703 points, 709 comments)
    6. How and why exchanges are manipulating the price in order to capitalize on the new market dynamics (2361 points, 491 comments)
    7. I built these 3 fundamental valuation models for Bitcoin in Excel. Details in the comment. (1507 points, 109 comments)
    8. Understanding Bitcoin Futures: How they work and why they are NOT going to crash the crypto market (1436 points, 122 comments)
  4. 25819 points, 15 submissions: Kashpantz
    1. When you are a known scammer in the crypto space and get called out by one of your investors. Exciting times indeed. (2568 points, 237 comments)
    2. The Gloves Are Off. Ripple laying into J.P Morgan As They Enter The Crypto Space. (2091 points, 555 comments)
    3. The Scam That Is Volitility & Fees (2077 points, 322 comments)
    4. Crypto Explained By The Simpsons (2005 points, 134 comments)
    5. When Investingin In The Stocks Seems Crazy. (1983 points, 284 comments)
    6. Pretty much this sums it up for crypto and politics. (1831 points, 118 comments)
    7. Don't look at ATHs, the story starts when you look at ATLs. (1783 points, 223 comments)
    8. When things go bad in Argentina... Use Crypto (1782 points, 195 comments)
    9. Is this unjust? Where a bank can shut you down for investing in the cannabis industry even if it's legal in your country or state? A perfect use case for crypto where it is borderless and censorship resistant. No longer the banks are the gatekeepers of our own money. (1658 points, 280 comments)
    10. Some Simple Tips to Avoid Traps in the Crypto Sphere. (1558 points, 251 comments)
  5. 20147 points, 1 submission: Suuperdad
    1. I will tell you exactly what is going on here, this is critical information to understand if you are going to make money in this space. How prices work, and what moves them - and it's not money invested/withdrawn. (20147 points, 1442 comments)
  6. 19965 points, 1 submission: Gabriel-Lewis
    1. Robinhood is launching a Crypto Trading app to compete with Coinbase (19965 points, 3895 comments)
  7. 19632 points, 1 submission: sash187
    1. Checkmate, Bill. (19632 points, 1097 comments)
  8. 18484 points, 1 submission: x2P
    1. Delta's app store description seems appropriate today. (18484 points, 317 comments)
  9. 17374 points, 4 submissions: Rupispupis
    1. When you're holding altcoins but your friends only heard of Bitcoin and all congratulate you because they think you had an incredible day (12352 points, 587 comments)
    2. It'd be sad if it wasn't funny (2174 points, 108 comments)
    3. Brave uncovers widespread surveillance of UK citizens by private companies embedded on UK council websites (1625 points, 80 comments)
    4. Ask, and ye shall receive (1223 points, 93 comments)
  10. 17265 points, 2 submissions: mtimetraveller
    1. The true power of Bitcoin 🔥 (14638 points, 1274 comments)
    2. Microsoft Excel recognizes Bitcoin as a currency (2627 points, 163 comments)

Top Commenters

  1. arsonbunny (13668 points, 114 comments)
  2. martinkarolev (5448 points, 48 comments)
  3. hanzyfranzy (5299 points, 6 comments)
  4. Toyake (5151 points, 254 comments)
  5. Bungwads (5078 points, 1 comment)
  6. throwawayLouisa (4784 points, 408 comments)
  7. Raymikqwer (4768 points, 71 comments)
  8. JohnDalysJohn (4768 points, 2 comments)
  9. Thefriendlyfaceplant (4410 points, 324 comments)
  10. rockyrainy (4306 points, 117 comments)

Top Submissions

  1. CryptoNick is deleting all of his BitConnect videos, and so are his buddies. Please never forget what he and his cohorts did to so many people, and how much money those people lost in the process thanks to CryptoNick, Trevon James, and Craig Grant! by DestroyerOfShitcoins (26497 points, 3056 comments)
  2. I will tell you exactly what is going on here, this is critical information to understand if you are going to make money in this space. How prices work, and what moves them - and it's not money invested/withdrawn. by Suuperdad (20147 points, 1442 comments)
  3. Robinhood is launching a Crypto Trading app to compete with Coinbase by Gabriel-Lewis (19965 points, 3895 comments)
  4. Checkmate, Bill. by sash187 (19632 points, 1097 comments)
  5. Delta's app store description seems appropriate today. by x2P (18484 points, 317 comments)
  6. Listen up folks, if you "did", or still do promote cryptocurrency related scams, you will be called out on it via this sub-Reddit. We don't care about you, or your ill-gotten gains, we care about the general well-being of our community first and foremost. by DestroyerOfShitcoins (17888 points, 1277 comments)
  7. Nasdaq is open to becoming cryptocurrency exchange, CEO says by coinmoon_com (17168 points, 830 comments)
  8. The true power of Bitcoin 🔥 by mtimetraveller (14638 points, 1274 comments)
  9. Why we won't have a long term bear market, and how to systematically pick your future investments in crypto by arsonbunny (14599 points, 917 comments)
  10. Great news from Korea! Banks will allow cryptocurrency trading again from today and next week account registration is opened again. by riverflop (13419 points, 462 comments)

Top Comments

  1. 5078 points: Bungwads's comment in Checkmate, Bill.
  2. 4792 points: hanzyfranzy's comment in Bitcoin breaches $4000 in 15 minutes. What is happening 😳
  3. 3630 points: eNte19's comment in Enjoy the massacre. It could be a once in life opportunity.
  4. 3533 points: sakata_gintoki113's comment in Russian nuclear scientists arrested for trying to use one of Russia's most powerful supercomputers to mine Bitcoins
  5. 3462 points: JohnDalysJohn's comment in CryptoNick is deleting all of his BitConnect videos, and so are his buddies. Please never forget what he and his cohorts did to so many people, and how much money those people lost in the process thanks to CryptoNick, Trevon James, and Craig Grant!
  6. 2988 points: Xgatt's comment in CryptoNick is deleting all of his BitConnect videos, and so are his buddies. Please never forget what he and his cohorts did to so many people, and how much money those people lost in the process thanks to CryptoNick, Trevon James, and Craig Grant!
  7. 2909 points: dankmeter's comment in Coinbase/GDAX Warning - $50,000 Wire DEPOSIT Missing Since December 12th
  8. 2884 points: regecide2025's comment in No one was complaining about "manipulation" when it was going up from 2500 to 20,000 in less than 6 months.
  9. 2854 points: harambissimo's comment in Who would win?
  10. 2781 points: LivingWithWhales's comment in ETH has passed $900 and has retaken the #2 market cap spot from XRP
Generated with BBoe's Subreddit Stats
submitted by subreddit_stats to subreddit_stats [link] [comments]

Gold and Bitcoin lead as top investments

Gold and Bitcoin lead as top investments

https://preview.redd.it/wvlkcvo0lih41.png?width=1200&format=png&auto=webp&s=9ca7dec1b924363264b8b4dfb3a94b8d025b4ac6
A large population of investors around the world would rather invest in gold than real estate or the stock market. A World Gold Council (WGC) research report shows that over 46% of all retail investors worldwide choose gold over these two other mainstream assets.
The study questioned respondents from a wide range of markets, including North America, China, India, Russia, and Germany. The results show that 78% of investors place most of their investment funds into their savings accounts.
One other investment choice that is more popular than the precious metal is life insurance. The study shows that 54% of all global investors buy life insurance as a long-term investment. The report affirms gold’s position as a mainstream investment vehicle, highlighting the massive opportunities that the metal has for jewelry and retail selling. The report shows that most consumers would rather buy gold jewelry if given a choice of other metals.
Over 56% of the respondents in the study said that they have bought fine gold ornaments, while 34% said that they purchased platinum jewelry instead.
Another study by Novem Gold further supports the findings of the WGC research. The gold investment firm conducted a poll on Twitter asking investors what their preferred long-term investment asset was. The survey gave a choice between gold, cryptocurrencies, stocks and bonds, and real estate.
The winning long-term investments of choice on the Novem Gold poll were gold and cryptocurrencies, each chosen by 37.5% of the respondents.

Gold and Bitcoin Attract the Same Investors

Gold and Bitcoin are very different assets, but also have some similarities. Gold is old and tangible. Bitcoin is digital, intangible, and has only been around for a decade.
The two assets may be very diverse in age and physical attributes, but they share many common principles. Bitcoin mimics many characteristics of the yellow metal.
As an illustration, Bitcoin is mined digitally, and its supply is finite, as is the case with gold. It is, therefore, not surprising that both assets attract the same investors. Nevertheless, is one superior to the other?
Gold has a larger market cap, standing at over $7.5 trillion compared to Bitcoin’s market cap of $150 billion. The metal has higher daily turnover volumes of close to $230 billion, while Bitcoin’s is much lower at $8 billion.
Bitcoin and gold bulls say that both assets are much better forms of currency than fiat. When central banks all over the world voted to move away from the gold standard, paper money quickly lost its value. In no time, politicians got hold of the monetary system, manipulating it and using it to spend heavily, then place future taxes to pay the debt back.
Consequently, most of the money in circulation globally is valueless. It, however, fulfills the functions of a currency, in that paper money is an acceptable medium of exchange. Fiat is also divisible, portable, durable, and very fungible. It has an inbuilt value erosion mechanism, making it a questionable store of value.
Every year, the value of paper money erodes, as more of it is inflated into the system. As a result, savers lose more of their investment in fiat as taxation subtracts the value of money. The process works so stealthily that over time interest on borrowing keeps inflation in balance.
Occasionally, the balance tilts and the real value of fiat becomes clear. In the last few decades, countries such as Argentina, Venezuela, Thailand, Zimbabwe, and Iraq have witnessed money fail the real test of a store of value after periods of hyperinflation.

Investors Want Guaranteed Value Over Time

Gold and Bitcoin both attract investors wary of the value-losing and manipulable aspects of fiat. They are looking for haven assets whose value is guaranteed over time. Gold meets this requirement perfectly.
First, it is itself a currency – an ancient medium of exchange. Its robust store of value features makes it a staple asset in every central bank vault around the world. The US government, for instance, has over $350 billion of gold reserves.
The yellow metal is also divisible and limited, indestructible by nature, and counterfeit resistant. It is the product of billions of years of geological forces, so a central bank or any other process known to man cannot replicate it.
The limit in supply means that it has deflation and inflation limits. Consequently, it is the perfect investment for savers. Since it is inert, it can be subdivided into smaller pieces and stored with no loss of value. Its softness and malleability make it very easy to shape it into coins or bars that can be used in trade.
These attributes have made the precious metal the most valued store of wealth in history. It was in use in ancient kingdoms and governments dating back to beyond the Roman Empire. Gold has, over time, accumulated tremendous value, appreciating over centuries. This is the reason gold is used to store wealth in uncertain times by governments, the wealthy, and investment-savvy populations. Gold’s performance often shines when other markets are crashing. It is, therefore, the ultimate hedge against any black swan event.
Bitcoin, on the other hand, is divisible, finite, democratic, and counterfeit resistant as well. It has unique advantages to gold, in that it can be mined and traded in record time, online. To access the cryptocurrency’s market, investors require a public address and a private key to receive and to protect assets.
Just like gold, Bitcoin is a “bearer” instrument, in that whoever holds it can lay claim to its value. Both assets are, therefore, easy to lose and require significant efforts to protect them. It is easier to steal Bitcoin than gold because the digital currency does not have the bulk that gold has. All it takes is a few seconds of vulnerability, and the asset is lost to an unscrupulous player.
Consequently, billions worth of cryptocurrencies have been lost since their inception. Most famous of all these crypto heists is the 2014 Mt. Gox hack, during which $450 million worth of digital assets were stolen from investors.

Gold’s Stability is Unparalleled

The bulk that gold has compared to Bitcoin does not make it much easier to store. Indeed, the precious metals’ holders pay a premium for their storage and insurance costs.
Gold’s bulk also prevents its secure storage in large amounts. It is an awkward haven asset if it has to be ferried in large quantities, a problem Bitcoin does not have. Bitcoin, therefore, makes for a fantastic haven asset when the chips are down.
Both gold and Bitcoin are speculative assets, and their buyers often buy them in bad economic times, waiting for their haven properties to push their values higher. Jerome Powell, the FED Chair, has referred to Bitcoin as an alternative to gold, saying:
“Almost no one uses Bitcoin for payments, they use it more as an alternative to gold. It’s a speculative store of value.”
These assets’ finite values make them perfect for year-to-year speculative trading because a limited amount gets to the market at a time. Bitcoin has more of an upside than gold in shortness of supply; of the 21 million Bitcoins that can be mined, 18 million of them are already in circulation. The digital currency also has a halving event, in which its mining block reward is decreased, meaning that less fresh Bitcoin will be available.
Nevertheless, the world cannot have enough gold, despite an injection of over 3,300 tons of freshly mined gold into the market every year. Gold has been facing an upsurge in demand among individual and institutional investors and central banks around the globe.
One of the most significant advantages that gold has over Bitcoin is the precious metal’s slow but stable growth trajectory in the market. An excellent speculative asset, it is not as volatile as Bitcoin, stocks, or bonds.
Gold is stalwart, stable, and reliable in the long term. The precious metal is not fighting to establish itself. It has a proven record of accomplishment that it will keep its purchasing power with very low levels of volatility over the decades.
Bitcoin is a rollercoaster ride birthed in the wake of the 2008 financial crash. It is, therefore, still untested, and its store of value features can only be proven by time.
submitted by y0ujin to NovemGold [link] [comments]

Weekly Update: $WIB, $VID, $CHZ on ParJar, Pynk crushes Web Summit, XIO swap bridge, Sentivate reorg... – 1 Nov - 7 Nov'19

Weekly Update: $WIB, $VID, $CHZ on ParJar, Pynk crushes Web Summit, XIO swap bridge, Sentivate reorg... – 1 Nov - 7 Nov'19
Hi folks! We are catching up real quick. Here’s your week at Parachute + partners (1 Nov - 7 Nov'19):

Three new projects and their awesome communities joined the Parachute fam this week: Wibson, VideoCoin and Chiliz. Welcome! And if you missed, we also added Shuffle Monster, Harmony and CyberFM last week. #cryptoforeveryone is getting bigger by the day. Woot woot! In this week’s TTR trivias, we had Richi’s movie quiz qith a 25k $PAR pot. Charlotte's Rebus trivia in TTR on Tuesday had 25k $PAR in prizes for 10 Qs. Noice! Jason’s creative contest for this week was #artdeadmin: “draw/paint/sketch/whatever you imagine a group of the parachute admins doing together”. Click here to check out some of the entries of the TTR Halloween photo contest from last week. Doc Victor (from Cuba) hosted a Champions League wager round in tip room. And congrats to Victor (Anox) for passing his final Medical exams. We have 2 Doc Vics now. One from Cuba and the other from *redacted*.
Some of the top #artdeadmin submissions. Insane talent!
Jason’s running medal collection. Say what!
Andy shared the latest standings in the Parachute Fantasy Football League (#PFFL). Clinton (7-2) is on top followed by Chris (7-2) in second place and Hang (7-2) in third place. So close! As we rolled into November, Parachute crew signed up for Movember. So now we have 3 teams from the Parachute fold, doing a no-shave November for men’s health issues: Parachute (Tony, Cap, Alexis, Cuban Doc Vic, Richi), TTR (Vali, Ashok, Tavo, Alejandro, Marcos, PeaceLove) and TTR-Ladies (Mery, Martha, AngellyC, Liem, Durby, LeidyElena, Charlotte). Show them some support peeps! This is all for charity. Show them some support folks! This week’s #wholesomewed was about “your most precious possession and give us the story of why it is so precious to you”. A whole lot of $PAR was given out for some real wholesome life stories. Best. Community. Eva! Two-for-Tuesday theme for this week: colors! As always, a melodic Tuesday thanks to Gian! And thank you Borna for writing about Parachute and ParJar on the Blockchain Andy blog.
<- This is where Jose creates his magic. Respect / Cuban Doc Vic’s doggo, Symba, could easily be a TTR mascot. Good boi! ->
This week at aXpire there were two separate $AXPR burns: 20k of last week and 200k of this week. Last week’s news recap can be seen here. Congratulations to the team for being conferred the honour of being handed a key to Miami-Dade County by Mayor Carlos A. Gimenez at the 2019 Miami-Dade Beacon Council Annual Meeting & Key Ceremony. aXpire's disruptive solutions like Resolvr (expense allocation), Bilr (invoice management) and DigitalShares (deal marketplace) help hedge funds and PE firms scale through better profit margins. How? Read here. Did you know that the 2gether Ambassador Zone lets you customise referral messages with a #PicOfTheDay while you earn some sweet 2GT rewards? Super cool! There was an upgrade to the platform this week that might have led to a temporary deactivation in withdrawals while the update was being deployed. CEO Ramón Ferraz’s interview by BeInCrypto was released. Founder Salvador Algarra travelled to an ABANCA event for a keynote speech on Fintech innovation. Next week he will be at Rankia's Blockchain and Crypto Tech gathering to speak on "Blockchain, from predicting the future to building it". CardRates’ feature article on 2gether came out this week. The BOMBX:XIO token swap bridge went live. The swap will be open till 15th December. Plus, $XIO is now listed on DDEX and Switcheo. There were some disruptions in the bridge from time to time because of heavy traffic. Hence, the team also set up a manual swap page as an alternative solution. And please be wary of scammers posing as admins to help with the swap instructions. For any doubts, always reach out to accounts with admin tags on the official Telegram channel. The first set of incubated startups will be revealed on the 22nd of November. Ever wanted to find out about the people who frequent the BOMB token chat? Well, the BOMB Board is running a "Humans of Bomb" series to feature some of the most active members. This week, say Hello to Gustavo.
Key to Miami-Dade County awarded to aXpire. Cool!
WednesdayCoin’s founder Mike floated the idea of making WednesdayClub open on all days. The nature of the $WED token will not change on chain. Just that it will be usable inside the DApp everyday. What do you think? Let him know in the Reddit thread. Birdchain’s $BIRD token was listed on Mercatox this week. A new monthly referral contest was launched as well. 50k BIRD tokens to be won. Nice! Want the SMS feature to be released in your country? Start promoting! A featured article on Chainleak capped off the week perfectly for Birdchain. $ETHOS, $AXPR (aXpire), $HYDRO, $BNTY (Bounty0x) and $HST (Horizon State) were added to the eToro Wallet. The airdrops for Switch’s various token holders were distributed this week. As mentioned earlier as well, $ESH and $SDEX are revenue sharing tokens. Winners of the John McAfee contest and trading competition were announced. Congratulations! Tron blockchain support will be added to the Switch-based McAfeeDex next week. The news was covered by Beincrypto, U Today, Crypto Crunch, Altcoin Buzz and Tron’s Justin Sun as well. The Dex was featured in a Forbes article about John McAfee’s views on Libra. The latest community contest at Fantom involves writing educational articles on the platform. If you have been following Fantom developments, then this would be a breeze. Also, USD 100 in FTM tokens to be won. Sweet! Check out the cool $FTM merch on display at Odd Gems fashion. Even though these are not official gear, they have the blessings from the project. CMO Michael Chen sat down for an interview with Crypto Intelligence India to talk about the upcoming mainnet launch. The crew also appeared for an AMA with Atomic Wallet community. The latest technical update covers "Golang implementation of Lachesis consensus" or Go-Lachesis in short. Check out its demo with 7 nodes here.
Parachute presentation (WIP). That’s right. 500k transactions and counting. Wow!
While the Uptrennd Halloween contest got over last week, AltcoinBuzz made a friggin amazing graphic! Don’t forget to follow the Ann channel to stay up to date with the latest from Uptrennd. Founder Jeff Kirdeikis also announced that he will be working closely with PrefLogic on Security Tokens. Jeff’s interview with MakerDAO Biz Dev Gustav Arentoft came out. After some upgrades on Uptrennd, withdrawals are live again. Instead of the weekly meme contest, there was a flyer contest this week. 5k $1UP prize pool for winners. Wicked! The latest community picked TA report was on ETH. And the crew reached Malta for the AIBC Summit. More pics next week! Did you know that you can get Opacity Gift Codes for various plans at ShopOpacity.com? If not, make sure to read up on the Opacity October update. Catch up on the latest at District0x from the District weekly. The District Registry was live demo’ed. Looks cool! Hydro crew travelled to the Web Summit in Lisbon to spread word on the project. They were also represented at the Chicago fintech science fair this week. For a summary of the last few weeks gone by at Hydrogen, you can read the Project update and Hydro Labs update. We have covered most of these in previous posts. For the latest scoop on Hydro Labs, there’s always the Ann channel. Silent Notary’s Ubikiri wallet is undergoing upgrades. One of which is, wallets will be auto-named after creation. A ton more upgrades to be released. Sentivate announced a reorganisation in the company in order to devote full focus on Sentivate. The parent company will close and all resources will move to Sentivate. Here’s another use-case story to emphasise the potential of Universal Web. In the latest community vote on Blockfolio, folks voted overwhelmingly Yes on whether they would like to see more explainer articles on web tech. Also, the epic shoutout from Scott Melker (The Wolf Of All Streets) has to be the best thing ever!
Updated Sentivate roadmap for next 3 months
Pynk travelled to the Web Summit in Lisbon (wonder if they crossed paths with Hydro and SelfKey teams) as an official delegate of the Mayor's International Business Programme and were featured by KPMG. How to catch people’s eyes in a Summit where everyone is trying to grab your attention? With LED back packs. Genius! Such a lit idea, that even Web Summit tweeted it. Woohoo! And then they rocked a series of pitches to get to the big stage. Wins in Round 1 and quarter finals ensured an entry into the semi finals on the main stage. Click here to watch their presentation. Great job guys! Business Insider Poland included Pynk in their list of 12 Fintech companies worth following. The latest Pynk Tank episode delves into deep fakes in political advertising. One of the upcoming features on the platform will be the addition of gold to the daily price prediction tool. Pynk has "absolutely no interest in Bitcoin fanatics, ‘bagholders’ or ANYONE who mentions moons or Lamborghini’s. It’s tacky". This vibes perfectly with Parachute. Read more on Pynk's guide to becoming a super-predictor here. Horizon State announced that it will be resuming business under a new management. Welcome back! The original $HST token will not be supported anymore. The team will be looking into how the token holders are included in the new system. DENGfans, don’t forget to check the mini-projects posted by Mathew in the Telegram channel. Look up #getDENG in the channel. If you’re proficient in excel and VB, get in touch. Shuffle Monster’s $SHUF token is now listed on Dex.ag which acts as a decentralised price aggregator. CyberFM distributed the $CYFM payouts for October this week. Total payout as of 1st Nov is USD 266k+ in crypto. Say what!
Pynk’s LED back packs are a stroke of genius
OST’s Pepo was the 19th most popular dApp on State of the DApps last week. This week it climbed to the 16th position. Upcoming features on Pepo include video replies, threads and debates. Stay tuned! OST crew was at the Web3 UX Unconference in Toronto to talk all things UX. Next week they will be at ETHWaterloo to present and judge the UX award there. SelfKey’s $KEY token got listed on Hong Kong’s Lukki exchange. Like Hydro, the SelfKey team also attended the Web Summit in Lisbon for networking. If you were there, hope you said Hi. Ever wondered how Distributed Identity keeps your information private and safe when blockchains are supposed to be public? Click here to find out how SelfKey does this. More insight was shared into the Chainlink partnership this week by Constellation CEO Ben Jorgensen. The team attended the Air Force Space Pitch Day where it was selected to pitch the platform to attendees. Go get’em! How and why does Constellation do things? Check out the Constellation Principles. The October update for Yazom covers news such as alpha build of the app nearing completion, ongoing deal negotiation with clients etc.

And with that, we close for this week in Parachuteverse. See you again soon. Ciao!
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TCS Launches Cryptocurrency Trading Solution: bitcoin trade ban lift in india?  Tamil  Thisaikaati CoinSwitch : Indian Bitcoin Exchange Full Guide in Hindi ... BITCOIN - How to Make Money Online Fast Trading Bitcoins. 1 Bitcoin will be $45K by end of 2020 Some Known Details About Best Time To Trade Bitcoin Profit ... How To Invest in Bitcoin in 2020  5 Minutes - YouTube

It all started in 2018 when the Reserve Bank of India decided to ban banks and crypto firms working together. Interestingly, it led to a steady price increase of cryptocurrencies. The ban by the central bank prevented local banks from any form of trading in bitcoin or cryptocurrencies. Bitcoin trading on Paxful inside India surged to $1.48 million on May 10, while contending exchange LocalBitcoins saw more than $1.25 million in BTC traded. The consolidated total, generally $2.7 million, verges on coordinating the record-breaking high of $2.9 million in December 2017. Bitcoin India is a cryptocurrency trading company where people can buy and sell cryptocurrencies online. Bitcoin India is among the 1,305 firms that have not filed annual returns of their Is Bitcoin Legal In India 2020 - Everything Need To Know. India has come into play after India's Supreme Court lifted the banking ban on crypto firms after a year-long hearing. The offering allows banks and investment firms to provide secure and seamless digital currency trading to their clientele. Founded in 1968, TCS is the largest IT firm in India employing more than 440,000 individuals across the globe. The company reported a revenue of $22 billion for FY20 and disbursed more than $5 billion as dividends to

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TCS Launches Cryptocurrency Trading Solution: bitcoin trade ban lift in india? Tamil Thisaikaati

1. What is Bitcoin 2. Best Bitcoin wallets in India 3. How to buy and sell bitcoins in India 4. How to trade bitcoins 5. How to make huge profit from bitcoins 6. How to withdraw funds to your bank ... I only recommend companies and products I personally use, and any commissions help to pay for content creation. ... Is Bitcoin Legal In India & Paying Taxes on Bitcoin Trading in India - Duration ... NewsBTC TV takes a sneak-peak into a fully-functional crypto mining facility located at the heart of India. Taking us on a tour is Anuj Bairathi, the CEO of HashGains, who plans to open more ... Bitcoin and crypto currency are getting momentum and there is very bright future ahead. Therefore Team crypto guruji is very bullish for Bitcoin and crypto currency. How To Invest in Bitcoin 2020 To Buy Your First Bitcoin Wallets and exchanges: 🔗Coinbase: https://www.coinbase.com/join/580beab974462c332874e6f0 🔗Luno:https:...

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