Filtered by tag: FinServices

The great crypto collapse of 2018
Posted: 11 September 2018

"Ether has tumbled faster than bitcoin in recent months on concern that blockchain-related firms are cashing out of the second biggest cryptocurrency. Many start-ups that raised ether from investors in their initial coin offerings will eventually need to sell their holdings to cover expenses like salaries and development costs."

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Crypto wipeout deepens to $640-billion - TechCentral
11 September 2018
The cryptocurrency bear market has plumbed a fresh 10-month low, led by a tumble in bitcoin’s biggest rival.
MindBullet logo THE GREAT BITCOIN HEIST OF 2027
Quantum hackers make off with billions
Dateline: 14 September 2027
The global crypto community is in an uproar this morning. Overnight a group of hackers, who go by the name of "Gotya," managed to hack into the main ...

THE GREAT BITCOIN HEIST OF 2027

Published on: 6 September 2018 1 Comment

Quantum hackers make off with billions

Dateline: 14 September 2027

The global crypto community is in an uproar this morning. Overnight a group of hackers, who go by the name of "Gotya," managed to hack into the main Bitcoin blockchain, making off with billions of dollars' worth of cryptocurrency in the process. Gotya appears to have used advanced quantum computing power to break into the blockchain network using what is known as a 'routing attack'. In essence, the hackers managed to temporarily fork the core Bitcoin (BTC) blockchain in order to double-spend coins ...

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AI's winning ways
Posted: 20 August 2018


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MindBullet logo COGNITIVE SYSTEMS RULE, OK
Machines that think for themselves are taking over the world
Dateline: 22 February 2022
In our quest to develop smarter, more powerful, less power-hungry computers and devices, we have created artificial intelligence that rivals that of the human brain. We call these cognitive systems. We've taught these cognitive systems how to learn, and how to be aware of other systems, each other, and ultimately, themselves. Now they are making their own decisions; because they can. In a ...

IT'S NOT ROCKET SCIENCE

Published on: 16 August 2018

Your children will need more than just technical skills

Dateline: 26 June 2027

We've reached the age of skilled machines, a new age of enlightenment, where automated systems are often smarter than most people. Not because they are more inventive, but because they can think faster, and sift through masses of data, coming to conclusions more rapidly than humans. How do you prepare your children to live and thrive in this technologically dominated environment? Not by teaching them math and coding - those are just basic life skills! No, to rise above the average, kids today need ...

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The future of work and investment
Posted: 13 August 2018 1 Comment

"Demographics, automation and inequality have the potential to dramatically reshape our world in the 2020s and beyond. Our analysis shows that the collision of these forces could trigger economic disruption far greater than we have experienced over the past 60 years. The aim of this report by Bain's Macro Trends Group is to detail how the impact of aging populations, the adoption of new ...

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Labor 2030: The Collision of Demographics, Automation and Inequality
13 August 2018
The business environment of the 2020s will be more volatile and economic swings more extreme.
MindBullet logo STOP THE WORLD, WE'RE HAVING A MIDLIFE CRISIS
The West deflates, China stagnates, and the rest of the world watches and worries
Dateline: 1 May 2040
As the 21st Century approaches middle age, prices are falling alarmingly. In real terms, everything from coal to electronics is cheaper than it was four ...
A home for digital nomads
Posted: 6 August 2018

The gig worker's life is becoming increasingly nomadic, and people who live as digital nomads increasingly have nowhere they call home. They also need unique products and services that suit their lifestyles. Recognising that the gig economy is becoming a bigger and bigger portion of the global economy, and looking to attract talent to their country, Estonia has produced a digital nomad visa, ...

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MindBullet logo BORDERS CRUMBLE, COUNTRIES MERGE AND SPLIT
Migration is the new normal as ultra-mobility ramps up
Dateline: 28 October 2023
In the face of a constant flood of political and economic refugees, as well as 'citizens of the world,' geographic borders are becoming an increasingly archaic concept. People who have a home in Africa and an apartment in France, or Spain, are so tired of being quizzed by banks and online markets for 'Country of residence' and then treated like that's their only language or national ...

CHINA STEPS INTO THE BREACH

Published on: 2 August 2018

Together with India, they make a formidable pair

Dateline: 8 August 2020

The vacuum left by America's leadership crisis has been filled, but not by Europe. Power has shifted to the east, and now China is stepping up to the plate in a big way. In a world where western free market ideology has become tarnished and mean, China's economic imperialism is eagerly welcomed. Make no mistake, Russia still has command of massive resources, but its technology seems rooted in the industrial age; an economic minnow, left stranded by the tsunami of digital tech sweeping the ...

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FINTECH FALLS OUT OF FAVOUR

Published on: 28 June 2018

Tech is no longer regarded as a sector

Dateline: 23 June 2031

FinTech, MarTech, InsurTech, LegTech, AgTech, EnerTech - they're all dead. A decade ago, news feeds and timelines were swamped with the latest entrant into one of these sub-sectors. Thousands of startups proudly adopted an 'xTech' descriptor, as they tried to carve a superniche for themselves from the digital supercycle. But the fever of digital transformation of business has cooled; the era of digitalization of industry is all but over. The fact is, any business enterprise that has not incorporated ...

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RISE OF THE NOT SO EMPTY NEST

Published on: 31 May 2018

Young would-be homebuyers forced to move back in with mom and dad

Dateline: 5 April 2021

It's the moment almost all parents wait for - graduation cap in hand, the chicks finally leave the nest. Spread your wings and fly little birdies, mom and dad think to themselves. It's just a pity that lately the peace and quiet doesn't seem to last long. Initially it looked like a blip that would pass, but multigenerational households are here to stay, at least for the near future. In fact, one in four Americans now have such a setup at home. Global property prices have ballooned and many a ...

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DISRUPTION DÉJÀ VU

Published on: 24 May 2018

We've seen it all before, but this time it's different

Dateline: 6 June 2020

It's just like 20, or maybe 200 years ago, but it's completely different! Disruption has always plagued established markets and societies, throughout the ages. The first waterwheel or windmill for grinding wheat into flour was disruptive technology at work; nascent and naïve, but a foretaste of things to come, in a tumultuous tsunami of ever accelerating change. Steam power and traction engines, threshing machines and cotton gins; it seemed as though there was no end to our ability to employ ...

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ALICENT IS THE NEW DIGITAL CURRENCY

Published on: 3 May 2018

Bitcoin faces irrelevance as network based digital cash takes over

Dateline: 1 May 2026

When Bitcoin reached its all-time high, it operated on a network with only a few million subscribers, and faced a multitude of copycat coins and tokens that had the potential to supersede it. What it really needed was global critical mass. The opportunity was there for a truly massive network to launch its own blockchain currency, or take on the open source system already in the wild. At the same time, cryptocurrencies needed a technology fix; something to make them more user friendly, trusted and ...

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Beyond borders, and the nation state
Posted: 24 April 2018

From the Guardian, a long read:
"On the eve of its centenary, our nation-state system is already in a crisis from which it does not currently possess the capacity to extricate itself. It is time to think how that capacity might be built. We do not yet know what it will look like. But we have learned a lot from the economic and technological phases of globalisation, and we now possess the basic ...

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The demise of the nation state
24 April 2018
The long read: After decades of globalisation, our political system has become obsolete – and spasms of resurgent nationalism are a sign of its ...
MindBullet logo BORDERS CRUMBLE, COUNTRIES MERGE AND SPLIT
Migration is the new normal as ultra-mobility ramps up
Dateline: 28 October 2023
In the face of a constant flood of political and economic refugees, as well as 'citizens of the world,' geographic borders are becoming an increasingly ...

WHERE HAVE ALL THE DEALERS GONE?

Published on: 5 April 2018

Who killed the retail auto showroom?

Dateline: 7 April 2022

Buying a new car is often the second most important financial decision we make, after buying or building a home. It's a rite of passage for many middle class adults; it shows you have arrived, you've achieved a life-stage milestone. It's not a decision taken lightly, or driven by impulse. You've had a feeling for some time, that you might be getting close, so you've been checking out your options. Which models make for a sweet ride, and fit with your self-image? If you're at all interested in cars ...

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The mobile phone turns 45
Posted: 3 April 2018

Yes, indeed, the mobile phone is middle aged. Many people think the first mobile phone was launched in the late 1980s, but that was the first GSM cellular phone, using digital technology. The first mobile, analogue phone was invented by Martin Cooper at Motorola in 1973. Now the smartphone has become the basic standard for billions of people worldwide. You've come a long way, baby!

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Happy 45th birthday mobile phone: 10 key milestones in its history | Gadgets Now
3 April 2018
The first mobile phone call was made today 45 years ago
MindBullet logo THE NOTEBOOK PC IS DEAD - LONG LIVE THE SMARTPHONE
Mobile phones become the new portable computer
Dateline: 5 June 2011
Have you noticed how no-one buys a new laptop these days? Just like VCRs and PDAs, the laptop is so last century. Some say that the iPhone was the ...
Bitcoin getting the boot from Google
Posted: 14 March 2018

Online advertising is being self-regulated, probably to avoid it being regulated by government. Google sees to be taking the step to prevent risky (ad)ventures like spread betting, and is including cryptocurrencies and forex trading in that group.

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Google is banning all bitcoin, ICO, and cryptocurrency ads from June
14 March 2018
Google plans to ban all cryptocurrencies and binary options adverts, and is cracking down on ads for other speculative financial instruments.
MindBullet logo THE BITCOIN BUBBLE BURSTS
Controversial digital currency collapses as clones saturate the market
Dateline: 15 March 2015
In essence, Bitcoins are digital artifacts created by using computers to solve complex mathematical formulae, essentially cracking a code. The reward one ...
Quantum supremacy coming soon
Posted: 7 March 2018

Once quantum computers operate with sufficiently low error rates, they should be able to tackle traditional computing tasks exponentially faster than super computers, making quantum computers the 'supreme' solution.

When that happens, existing crypto could be vulnerable to instant cracking, which could spell the end for cryptocurrencies that require heavy mining. ...

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Google Unveils 72-Qubit Quantum Computer With Low Error Rates
7 March 2018
Google unveiled that it's working on a 72-qubit quantum computer with error rates below 1%, which is what the company said it's required to have minimally ...
MindBullet logo [QUANTUM VALUE] NEW YEAR
This year will be both happy and unhappy - at the same time, in the same place
Dateline: 1 January 2019
Alphabet's announcement last week that its quantum computer breakthrough is both real and commercially practical is going to make a lot of people happy, ...

NO LAWYERS REQUIRED

Published on: 8 February 2018

Smart contracts threaten legal industry

Dateline: 23 January 2020

Now that the open source blockchain known as Hyperledger Sawtooth has gone commercial, there's no need for lawyers and attorneys to draw up legal agreements and contracts. Your PA or AI assistant can do it for you, online and for free. Hyperledger is a platform which can run your customized Smart Contract app. Once installed, a smart contract automatically performs routine tasks, like paying the rent, and validating that it's been received. Using technology similar to bitcoin, the smart contract ...

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MindBullet logo OPEN SESAME TO THE GOOD LIFE
China's new social credit score for citizens starts paying dividends
Dateline: 15 April 2021
Yesterday was a good day for Mei-Hua Li. Her offer on her dream apartment was accepted, her internet speed got bumped up three notches (for free) and she was offered a paid internship in the Chinese president's office. Sure sounds like she hit the trifecta! Li has clearly mastered the gamified social security system that is Sesame Credit. She has stopped buying non-Chinese products and ...
Has the bubble burst?
Posted: 6 February 2018

In 2013 we speculated that, ultimately, bitcoin would collapse due to the large number of alternative or clone coins saturating the market. We still believe that blockchain technology is disruptive, and will change the way fintech and contracts work, but the essential problem with bitcoin is it's based on scarcity, and in the digital world there's massive abundance, of everything. Digital ...

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MindBullet logo THE BITCOIN BUBBLE BURSTS
Controversial digital currency collapses as clones saturate the market
Dateline: 15 March 2015
In essence, Bitcoins are digital artifacts created by using computers to solve complex mathematical formulae, essentially cracking a code. The reward one receives is itself an encrypted code, which can be transferred to others, hence the term 'crypto currency'. Inspired by Bitcoin, Primecoin's protocol searches for chains of prime numbers. Digital currencies like Primecoin and Bitcoin have ...

CONTROLLING THE DIGITAL ECONOMY

Published on: 1 February 2018

Government tries to follow the money

Dateline: 1 February 2021

Now that the bulk of the so-called 'capitalist political economy' operates on digital platforms and through digital channels, it's inevitable that government wants more influence and control. But will it work? In the aftermath of the dotcom boom, everybody wanted more access and better networks, and it wasn't long before broadband came to be regarded as a basic human right. Wireless networks and smartphones connected everyone else, and suddenly the whole world was on the 'net! Sure, some ...

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Filtered by tag: FinServices