In a caustically worded article published on Wednesday 10th Oct on its website, the American Association of retired persons abbreviated as AARP ascribed a bizzare definition to Bitcoin. In its slideshow post titled “Improve your financial literacy with this glossary” .the definition of Bitcoin was severally contentful while other terms such as “emerging markets” and exchange trading finds are defined using their financial language. Initially defining the term asset allocation in a level-headed manner the article moves on to define Bitcoin in a few dismissive and inaccurate words

The post says that:

“Bitcoin: A bunch of computer code that a bunch of criminals, idealists and speculators agree is worth ‘real’ money. Sadly, its real-money value swings widely, making it impractical except for criminals, idealists and speculators.”

And then the article takes a shot at the term blockchain and says

“Blockchain: 1. A different bunch of computer code containing an unalterable record of a series of transactions. The most famous is a digital ledger recording all bitcoin transfers. 2. A word often uttered by companies hoping to snare investors’ attention — and dollars.”

The harsh language looks like the language used by a cryptocurrency skeptic Jamie Dimon who called it a fraud and scam and insisted that only less intelligent people could take it seriously. The generational divide on the topic of Bitcoin and cryptocurrency is clearly exacerbated by such publication of anti-crypto material in the medium aimed demographically.

Circle published a report last month which showed that 25 percent millennials showed interest in purchasing cryptocurrency. This is 10times more than baby bloomers who make up last demographic majority made up by AARP.

Although this problem looks self-solving as according to statistics more and younger people will inevitably drive popular culture and make the crypto adoption mainstream. The continued anti crypto stance of many who are used to traditional finance can be harmful to crypto investment by discouraging older Americans who typically have 10 times as much as money from saving in crypto than in millennial.

The Trusted IoT Alliance and the Mobility Open Blockchain Initiative have launched a tournament for blockchain applications in automobiles. It was the official news which was published on 10th of this month.

The new tournament entitled MOBI Grand Challenge which intends to develop ‘the first viable’ blockchain powered network of vehicles and system to coordinate machine. It offers data sharing and also to improves the level of mobility in urban conditions.

The three-year blockchain challenge will cover a number of events and also invites entrants to participate online internationally. Three- year blockchain is planning to award winners with over 1 million dollars’ worth of tokens.

The MOBI challenge will begin on 12th of October with its four-month challenge to showcase ‘potential uses of blockchain in coordinating vehicle movement and improving transportation in urban environments’.

The selected technologies from the first challenge will be demonstrated at an event hosted by MOBI community member. The MOBI group member is BMW group in Munich.

The results will be found in the first series of the MOBI grand challenge will be used as the basis to create the next challenges of the three- year tournament.

The winners of the first challenge will be granted 350,000 dollars’ worth of awards in a number of categories. It includes 250,000 dollars’ worth of tokens by Beyond Protocol and 100,000 dollars’ worth of tokens. This worth is by Ocean Protocol.

Ocean Protocol is a blockchain based data exchange protocol that is committed a prize of 1million dollars in tokens to the MOBI Grand Challenge. Beyond Protocol is a Silicon Valley-based company which is applying distributed ledger technology to secure internet of things devices. The firm has committed 250,000 dollars’ worth of tokens to be used on its protocol network.

The Executive Director of the Trusted Iot Alliance and a member of MOBI’s Board of Advisors Zaki Manian stated that mobility is a breakout IoT industry direction for blockchain. According to him, just a small percentage of companies have completed end- to- end proof of concepts in this area.

Four leading global vehicle suppliers BMW, Ford, Renault, and GM launched a jointed blockchain platform which aims to change transportation. The joint effort aims to address mobility problems. It is making it safer, affordable and greener by using blockchain network.

Major American car manufacturer Ford patented a system for vehicle- to- vehicle communication methods via exchange of crypto tokens to facilitate traffic flow of the crypto world.

BMW has been trialing the blockchain technology to solve a range of problems. The automobile giant is also one of the founding members of the Mobility Open Blockchain Initiative (MOBI), alongside Ford, GM and others. The initiative was created to accelerate the adoption of distributed ledgers and related technologies in the automobile industry.

Other car manufacturers that have developed blockchain-based customer financing include Daimler AG who acquired PayCAsh Europe SA last year in a bid to launch its electronic payment services platform which includes a number of payment options, including Bitcoin. The payment service platform was part of Daimler’s “mobility and digitization strategy” which enable customers to pay for Daimler’s services via a smartphone device.

Fortnite is an extremely popular multi-player battle royale game that goes without saying. The game’s popularity can perhaps be measured by the recent data from research firm SensorTower that Fortnite has collected $300 million since it was launched for the iOS platform, and $20 million of that coming in just the first week of this month. At the same time, the newest season for Fortnite, called Season 6, is here as well. However, it is perhaps expected that such a popular game would be in the sights of anyone with malicious intent.

According to online security firm MalwareBytes, there is a Bitcoin-stealing malware, as well as other data-stealing malware, that is waiting to target unsuspecting gamers. It is believed that the malware is being distributed via links on YouTube videos that offer games some add-ons. “First, we sifted through a sizable mish-mash of free season six passes, supposedly “free” Android versions of Fortnite, which were leaked out from under the developer’s noses, the ever-popular blast of “free V-Bucks” used to purchase additional content in the game, and a lot of bogus cheats, wallhacks, and aimbots,” says Malwarebytes in an official statement.

The researchers have found that the malware is disguised as a harmless file that enables for free game bonuses, including “V-Bucks” as well as cheats like aim-bots. The Malwarebytes research has identified the file as a Trojan. Malpack. Once downloaded, the malware works silently in the background and collects as well as transfers data from your Bitcoin wallets, web browser session information, cookies and login tokens as well as Steam gaming sessions.

Malwarebytes says that the videos distributing this malicious file have been viewed as many as 120000 times before it was flagged enough to be taken down. One can only wonder how many unsuspecting gamers downloaded the file in the hope to get some assistance in the game and ended up compromising their data instead.

Fortnite is available for Android, iOS, Sony PlayStation 4, Nintendo Switch, Microsoft Xbox One, Apple macOS and Microsoft Windows.

This isn’t the first time this popular multi-player battle royale game is facing security struggles. After the much-publicized bypassing of the Google Play Store when the Fortnite game arrived on Android in August, Google revealed how the very first installation file shared by Epic Games for the Fortnite game installation on Android phones (these files have the .apk extension), allowed hackers to basically push any malicious app to the devices. The Android device user would certainly not know about any malicious background activities or apps running under the disguise of the Fortnite installer.

That led to a war of words. Google shared this security update with Epic Games on 15 August, and that is when the game developer acknowledged the issue and got down to fixing it, on 16 August. They then asked Google something no Android user would probably want to hear— “We would like to request the full 90 days before disclosing this issue so our users have time to patch their devices.” On 24 August, Google responded with, “Now the patched version of Fortnite Installer has been available for 7 days we will proceed to unrestrict this issue in line with Google’s standard disclosure practices.”

India’s most significant and the oldest cryptocurrency exchange firm ZebPay has recently announced that it has shut down its operations systems from the Indian Government’s indecisiveness on cryptocurrencies.

The Indian Government has not made any official laws regarding trading cryptocurrencies. But the RBI issued a notice to the banks that prohibited them from dealing in the digital world.

ZebPay had over 3 million users. It made their sudden decision to close up shop come as a shock. It will continue to work for the users for sending and for receiving cryptocurrencies, but they can’t use the exchange.

The force draws special attention to the importance of peer- to- peer exchanges. This is how many other cryptocurrency exchanges able to stay afloat despite the Indian RBI crackdown. The peer- to- peer trading does carry risks as it relies on trusting other individuals that are anonymous. It does carry the advantage of not having to rely on the centralized exchanges that carry the risk of bringing government censorship. Some think that be old-fashioned cash is a way to avoid censorship.

India has been favorable to cash since it is a largest populated area which was unbanked. The government has started to interfere with cash by ordering that invalidated large denominations of cash bills in an attempt to remove all the criminal activities which operate in cash. Their actions ended up harming some of the poor individuals rather than criminals. This consumer preference and the Government aversion to cash are not the same to India.

It has combined into Bitbns which is the leading exchange in India. It will make it easy for the Indians to obtain Dash. Dash has a record of low fees and the fast verification span. It is the ideal for being paid in Dash. It allows consumers to have the benefits and allows the users of additional privacy through private send. It requires a bank- licensed cryptocurrency exchange to move from flat to Dash. Dash’s network grows and becomes more viable as common digital currency which is resistant to censorship. Dash continues to roll out improvements, and the community outreach groups continue to expand. It is directly usable in many locations. The need for an exchange is to make purchases.

In a statement issued last year in December, the Finance Ministry said: “Virtual currencies are not backed by government fiat. These are also not legal tender. Hence, VCs are not currencies. These are also being described as ‘Coins’. There is, however, no physical attribute to these coins. Therefore, VC is neither currencies nor coins.

Blockchain is the public ledger which is digitalized with the cryptocurrency transactions. It is stored as blocks of data. Blockchain always make sure of the consistency of ledger and also it secures the data. It maintains records of data which can be shareable between the connected systems. Blockchain technology featured associated decentralization, continuity, and auditability of all the crypto transactions. In simple terms, it is explained as the data can’t be modified until it reached the recipient.

Healthcare has a significant model in shifting with the development of technology-driven inventions. These type of inventions solved patient care, changing the narrative to a patient-centric model. Novel technology will further revolutionize health care as it is gaining momentum the disturbance.

The novel technology, innovation:

The novel technology is the technology which is the foundation of cryptocurrency and bitcoin. It is used in other fields too. Fields like insurance, real estate, energy, HR, Financial services, Internet of Things, commodity trading and freight and logistics, etc. Mainly this is so used by the financial services, and it got benefitted by novel technology.
Healthcare sector is not taking a slow stand in this novel technology. The blockchain is expecting to offer more health care services in further in health information technology. This research is also analyzing some of the most health care industry applications of the blockchain.

The blockchain is removing the difficulty and the cost made with the data reunion by enabling the authority to the real-time healthcare information. Blockchain technology is offering a decentralized system of health data which helps to protect the health data.

Using AI based add-ons blockchain technology to the supply chain tracking can be removed by creating a chain- of- custody log. It is to build a proof of the management of data for healthcare medicines. Blockchain solutions can also reduce the cost.

Blockchain technology is helping in decreasing the frauds and the errors in clinical records. And also blockchain technology can enable the address outcome switching reporting in clinical trials. The Cambridge University studied it. They revealed the study to control how the blockchain can be helped to authorize the clinical trials. They also told that by using the code which generated by the blockchain, can be detected if the data is removed or modified.

Blockchain technology can connect the loops of data, protecting the data, and making sure of security. It always makes sure of authentication of data. It is merely the disturbance invention that cuts across many sectors.

On Sep 19, 2018, the exchange announced delisting of around nine coins from the cryptocurrency exchange. The traders have about 30 days to withdraw all balance from the account and close their trading accounts. The decision was taken to improve the performance of the Cryptocurrency exchange of coins. The announcement of delisting was released on the website Reddit.

The coins which are delisted were not very popular among the traders which are the reason for the huge price drops since the beginning of the year. It was a complete shock for the traders as they were not notified in advance without any prior notification or warning.

The general reason for the delisting of the coins is considered that the exchange department has defined a volume limit for a certain period. If coins are not able to exceed the threshold, it leads to the delisting of the cryptocurrency coin. The exchange wants to get rid of the coins which are not popular among the traders.

The delisting was announced at the time when the Poloniex was trying to polish its acts. The Goldman Sachs purchased the poloniex with the aim of cleaning up the cryptocurrency exchange. The objective was to define an alternative option for the trading system.

Currently, Bitcoin is experiencing the fluctuations of the market and is making the investors nervous with the highs and lows. But the bitcoin believer says that the technology such as this is still capable of changing the world.

It was just back a few months when Bitcoin reached $20,000 and seemed like just the right thing to invest. There was the frenzy when people started wondering if it could also replace the safe gold deposits in no time. Companies were lining up to make the general public into investors for the cryptocurrency.

Today bitcoin is going through a rough downhill where one bitcoin values only $6,500 and all the expectations are cut off. But there are some optimistic investors and the general public who roots for bitcoin to rise again.

Such is the world of cryptocurrency. The managing partner of Ausum Ventures investment firm, Jeremy Gardner says that “hyper growth followed by heavy correction isn’t new.” He believes that he has seen the price drop from a great high to unexpected lows from time to time and this is what creates the cryptocurrency market. But there are always the chances of it going back up soon.

It was only two weeks ago from today that Bitcoin saw a considerable rise at $8,000 and the investors cheered for the lows to be over. However, today bitcoin has reached the new low of the year, marking at just $6,300. It has still created a general opinion of it being back on its chart up soon again.

The co-founder of DataTrek Research analysis firm, Nick Colas, says that he is observing bitcoin since 2013 and the fluctuations that we are observing over the weeks aren’t entirely concerning or surprising for that matter. It is the part of digital currency and its relation to the people and their views regarding the same.

Colas remark that the market psychology and the reaction of people to bitcoin is the main driving factor behind the bitcoin. Even though it is still in the early adoption stages and is hard to assume anything strongly, people are still skeptical over its use and value among the technology.

For the investors and the public, the rise and fall of bitcoin is the main concern. But the U.S. regulators are deciding the factors that would be necessary for using bitcoin to buy and sell assets. It marks the market confidence in bitcoin which is not going to disappear anytime soon.

As for a reason behind the latest bitcoin decline is whether the Securities and Exchange Commission grants the use of bitcoin for an exchange-traded fund. If agreed, it will allow the general masses and investors to track the bitcoin price without owning the currency.

The price fluctuations of bitcoin suffer majorly from rumors, new financial tools, trading requests and most of all, the public opinion towards it. So when no one was ready to trade it the last year, Chicago exchanges traded bitcoin contracts and that is how it got back on the wagon. The Google Trends chart also measures the spike in web searches related to bitcoin in current time which can be according to the public mood.

It is true that some of the bitcoin believers also see the cryptocurrency price as a distraction as the main purpose of bitcoin is its potential to change and bring necessary growth in the technological economy and the global finance industry. Those who bought the currency even before it reached top among the charts believes about the efficiency of the bitcoin as a long-term effect which is the entire concept behind the existence of bitcoin.

So is the efficiency of the blockchain, which is a digital public ledger that allows its people to trade exchanges and digital currencies safely and securely without having to go to the bank. Both blockchain and cryptocurrency will soon be a “necessity” by the ever-growing economy of the world.

The host of CNBC Cryptotrader Ran Neu-Ner says that this might not be the lowest crash ever. He says that it won’t be surprising to see bitcoin levels go even more down in the coming years but yet strongly believes in a sustained future place for the currency.

He further says that it is still a young yet promising technology that will fluctuate even more before it finds its solid ground among the public opinions and the digital market. He clearly mentions that bitcoin, or any other cryptocurrency, for that matter isn’t for those who are looking for a way to make quick money. It takes patience and long-term investment to see the results, and even then it may not meet up to your highest expectations.

So for those investors who planted money in bitcoin the previous year and are unsure about the future results should consider revaluating their plans and decide whether they stand for long-term digital plans. You will need to learn to “hodl” (hold in bitcoin community) and sell them if you aren’t ready.

But Ran Neu-Ner suggests “once you understand the beauty of an asset, which will be transferable to anyone without any interruptions and be able to create smart contracts, then you will have the complete knowledge of the cryptocurrency workings.” Even buying a small amount of bitcoin will be able to teach you the basics of this amazing technology, Neu-Ner adds.

Ran Neu-Ner concludes that even though the market is experiencing over-selling, it can soon expect recovery. There might be a rock bottom yet, but there will soon be better days for the investors.

Coinbase, has for the longest period of time been making some changes in the options it has for storage. It is considering various properties as options to be added as storage. The various cryptocurrencies which are being considered for this purpose are currencies like Monero, Ripple and EOS. However, not much can be said about whether or not they would be open for trade in the markets or will there be certain limitations to their purposes.

A statement released by Coinbase custody has stated that even though speculations are going on related to the assets that would be added to Coinbase, these assets would be limited to storage and would not be left open for trading. The added assets would not be made available on the trading platforms of Coinbase, which are Coinbase Pro, Coinbase Custody and Coinbase Prime.

Moreover, all the assets which are to be added on the forum will also go through strict observation. The statement also clarifies that even as preparations are being made to add the assets to the existing ones, it would be no reason to believe that these assets would be made available for trading. The last part of the statement makes it clear to the users of the platform about which assets will be used.

Five currencies are being considered for the storage purposes. Also, a digital assets framework is being set up to look at the reparation of the damage done to their reputation due to the conflict with Bitcoin Cash, however, a detailed probe was conducted but nothing wrong was found by the agency.

It can be concluded that even though Ripple would be added to the platform, it would not be made available for the purpose of trading for the users of this exchange.

There has been a noticeable decline in the value of popular cryptocurrency, Bitcoin, as the plea of Winklevoss brothers to establish an ETF based on Bitcoin gets rejected. This plea was rejected by the Securities and Exchange Commission on the grounds that Bitcoin does not guarantee the safety and security that is required for the establishment of such a venture in this sector. Even though Winklevoss brothers put up a good fight against the reviews, SEC was firm that Bitcoin does not have the in-built to stand a chance against the negative forces of the market.

Even as the Bitcoin faces a slump, NASDAQ has a different plan as far as the fate of cryptocurrency is concerned across the world. According to the sources, the prominent cryptocurrency exchange NASDAQ has held a meeting with several prominent entities in the market for bringing virtual currency under the category of “asset”. That is, rendering it with the recognition, and therefore the legitimacy that is given to the assets right now in the economic sectors of different countries. This meeting took place in Chicago and was attended by various prominent leaders in the market. There were also discussions about propelling the reputation of virtual currencies such as Bitcoin in a more positive direction. Other factor that was discussed was the role played by regulations for the virtual currency and the how that would alter the markets and if considerable changes would be brought due to these regulations. Steps are already being taken in this direction as several Wall Street exchanges have expressed readiness to list cryptocurrencies as the assets on their platforms. It can be believed that NASDAQ is taking all the necessary measures to elevate the position of cryptocurrencies in the market.

The CEO of NASDAQ has also put forward the pending question of which will be the favorite currency once the necessary and complex phenomenon is carried out. That is , which currency will have the maximum acceptance in the market of cryptocurrency. Even though Bitcoin has been leading up until now, that does not change the fact that there is an ocean of currencies available to the consumers. In these circumstances, it is necessary to speculate that which currency will be embraced as an asset. The choice that is provided is between Bitcoin and the numerous altcoins in the market. The CEO of the company has not refrained from stating that these are just the first steps which are being taken related to the future of the market, but once this product based on Bitcoin is developed, it could serve as a strong investment which can be beneficial for those willing to enter the market on the long term basis. It was also said by the CEO of NASDAQ that there is little hope for the various Initial Coin Offerings as there are grave loopholes in their functioning such as an utter lack of honesty as well as a dire lack of security which is immensely essential in the modern markets.

16th June, 2018-Virtual currency has several shortcomings which prevent it from taking up the role of traditional currencies by a stretch. This has to do with the fact that it is an unconventional mode of trading, a virtual form of dealing. Moreover, the trail of crypto currency in India has left a series of scandals of money laundering and tax evasions. There is widespread suspicion towards crypto currency in the Asian continent, but that is not the case with every country in Asia. A new development in virtual currency is taking place in Thailand and has the potential to play the role created by traditional currencies.

Recently, the Thai Bond Market Association has said that it wishes to come up with a “Bond Coin”, the concept behind Bond coin is that it can function for the clearing of payments in the market. This would be a token that can be exchanged in the market by those holding the permission for the same. The function performed by the bond coin, in this case, is the same as that of the traditional currencies in the day to day transactions of human beings.

It has been learnt that the development of the “Bond Coin” will take place in the three phases. The first step is already taken care of as the permission is already obtained from the commission of securities and exchange for the development of such a coin.
The first phase of the three phases would involve coming up with a system for the registration of the subscriptions. It would also mean a speculation of the kind of contracts that were being signed; there would also be a system to ensure the verification process of the various corporate and the provision of information to undertake the trade through this medium.

The next phase would be of twelve months, which would involve servicing of the deposits of the bonds. This would go on for a term of a year, once this is done, it would become possible to settle transactions through this kind of a Bond coin. This has changed the dynamics of the manner in which clearance of bonds used to take place previously, it has made the procedure simpler, more advanced. Thus rendering the need for complexity of operations and the complication s it had entailed in the past, redundant.

Just like the development of crypto currency in Switzerland, the stock exchange in Thailand as well is looking at bringing in the crypto currency functions in the financial set up. Moreover, a platform has been launched by the stock exchange of Thailand to ensure the operations of various enterprises.

Even though several Asian countries are skeptical about the practices of crypto currency, there is an equal need for being at par with the developments of other countries, therefore, gradually, more exploration is taking place which has to do with realizing how Block chain technology can lead to some fresh changes in the existing market norms.