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Exclusive A global payments acceptance platform, Beam, is combining mobile phones and blockchain technology to provide a way of providing that ease-of-use and speed necessary for retail payments. And the company believes the time is right to introduce an alternate mobile payments solution.
With more than 1500 cryptocurrencies on CoinMarketCap, you have a really wide range of coins to diversify your investments. Some of the coins are on the market for a long time and still have a major potential for growth. For instance, Ethereum has gained about 300 000% in value since the ICO in 2014, and … Continue reading Five New Cryptocurrencies to Diversify Your Portfolio in 2018
Via Kenneth Carnesi,JD
Dr David Brown's latest company is called Healx and it's using machine learning to see how existing drugs can be used to treat rare diseases.
A number of companies are working on smart contract templates that businesses can easily adapt for their own needs.
There’s more than one way to gain exposure to blockchain innovation. Beyond buying over-the-counter products or investing directly in blockchain startups some of the largest public companies in the world are already dabbling in the tech. In fact, a closer look at this year’s Forbes Global 2000 list of the largest public companies in the…
There is a destructive myth that the ‘creative genius’ is born with an innate, godlike ability to create extraordinary work at the snap of their finger. This couldn’t be further from the truth.
The British Food Standard Agency has completed a pilot using blockchain in the food sector to enable compliance and transparency in the food supply chain.
Orlando's airport is the first in the nation to expand automated facial recognition technology to all international travelers, which means about 5.9 million faces a year will go on record with the US government.
When is Blockchain right for Business? While blockchain enthusiasts project the technology will account for 10% of global GDP by 2025, skeptics and supporters alike lack the tools to assess the political, security and environmental implications of the technology and digital currencies. When is bloc
Via TechinBiz
In a patent filed with China’s State Intellectual Property Office, ICBC described an idea for using blockchain technology to verify digital certificates using a blockchain, instead of a trusted cen…
Latest technical analysis on top 9 cryptocurrencies from an expert trader.
Cryptocurrency hardware wallet manufacturer Tangem has begun the first rollout of its ‘Bitcoin banknotes’ to its pioneer market of Singapore.
Samsung Electronics Co. Ltd. recently announced its 1Q18 earnings results. The flagship company of the Samsung Group, Samsung Electronics has a division in 80 countries.
In just the first quarter of the year, the company earned 60.56 trillion won, with an operating profit of 15.64 trillion won, a 58% increase as compared to the 9.9 trillion won achieved during the same period last year.
What is interesting to note is that it is the semiconductor division that is largely responsible for this phenomenon. As said by Samsung, “the semiconductor division…accounted for about three-quarters (73%) of total operating profits, leading the company to a record high. Demand for the semiconductor division increased due to sales of system LSIs [ASICs] for flagship smartphones and demand for virtual currency mining chips.”
The manufacture of the ASIC chips used for mining was confirmed by Samsung in January. According to a Trendforce study published in November, Samsung Electronics is competing with a few other chipset manufacturers like Taiwan’s TSMC, which supplies mining chips to mining hardware makers such as Bitmain and Canaan, and holds a 55.9% market share by revenue in the semiconductor foundry business, followed by Global Foundries with 9.4% market share, UMC with 8.5%. Samsung held 7.7% market share.
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The U.S. Patent and Trademark Office officially published a series of 39 newly granted patents for Apple Inc. today. In this particular report we cover two patents. The first covers the original work done on facial recognition to be used to unlock an electronic device. The second covers the Smart Keyboard's Smart Connector. We wrap up this week's granted patent report wit
Via Kenneth Carnesi,JD
Hedera Hashgraph derives its name from an algorithm. It is based on the “hashgraph consensus” technology that gets around the big trade-off related to blockchain, the fundamental technology behind cryptocurrency. Blockchain can be fast but unsecure, or secure and slow. Hedera Hashgraph aims to build…
In its latest move against cryptocurrencies, Google announced its plans to remove all bitcoin and cryptocurrency mining apps from the Play Store.
Blockchain technology has enormous potential, but it doesn't have the ability to scale just yet.
Cryptocurrency mining profits are on the way down, resulting in declining demand for mining hardware, with sources expecting a 20% price cut for GPUs.
Via Lionel Gikonyo
I am sure that you have heard of one of the only profitable FinTech unicorns in the world: Klarna. A customer making an online purchase enters only their email address and zip code on an e-commerce merchant site to buy an item. Klarna pays that merchant immediately and then collects the amount due from the consume
Bitcoin fell to within touching distance of the $6,000 mark on Friday, a figure not seen since February, following improvement orders from Japan's Financial Services Agency (FSA) to six of the country's crypto exchanges.
Beyond Cryptocurrency: Blockchain for the Real World This past year has been defined by cryptocurrency. It is the latest trend; the hottest new technology. However, while most are familiar with powerhouses like BitCoin and Ethereum, many users have overlooked the full potential that blockchain tech
Via TechinBiz
South Korean Samsung Electronics saw its operating profits surge in the first quarter of this year compared to the previous year. The company attributes the increase to its semiconductor division which manufactures bitcoin mining chips and says that it expects the trend to continue into the second quarter.
Samsung, the giant South Korean company of the electronics industry, had a profit surge in the first quarter of 2018 because of crypocurrency mining. The company believes that it is selling conside…
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Mobile payments are still in their infancy. While Apple Pay and Google Pay continue to grow at a fast pace, only a small percentage of consumers use them in comparison to credit cards and other established retail payment options. So with the competition still yet to take hold, the industry is ripe for disruption through blockchain technology and distributed ledgers, but only as long as that process is made as easy, and as quick, as using the incumbent payment methods. A global payments acceptance platform, Beam, is combining mobile phones and blockchain technology to provide a way of providing that ease-of-use and speed necessary for retail payments. And the company believes the time is right to introduce an alternate mobile payments solution. “There are examples where adoption has been less slow,” Beam cofounder and CEO Serdar Nurmammedov told me. “In China, 90 percent of consumers use WeChat as payment for offline purchases. Take a place like the UAE, where the phone penetration rate is much higher than average at 228 percent, you’ll find higher rates of mobile payment adoption. In Dubai, for example, we have seen consumers willing to pay using their mobile when incentivized to do so. Over there, merchants have managed to eliminate payment processing fees altogether on the Beam network.” So why does this need to exist? What’s wrong with the old way of paying for products in-store?
The current retail economy is rife with inefficiencies. According to studies, $4.5 trillion worth of value is extracted from and wasted in the global retail ecosystem by incumbent intermediaries.