6 Years Ago

Jonny Fry Posted

6 Years Ago |
How where and why Blockchain is being adopted by various industries
 
Both Blockchain technology (and the Digital Assets created by it), not only have the potential to, but actually are transforming governments, industries, and even people’s behaviour globally. While Blockchain technology has been around since the 1970s it was not until 2008, following the financial turbulence that resulted in the collapse of Lehman Brothers and the creating of Bitcoin, that the technology was broadly unknown of (apart from in academic circles). Bitcoin harnessed Blockchain technology, allowing people to do what British Petroleum refer to as being able to carry out “Trusted...


READ MORE

Jonny Fry Posted

6 Years Ago |
Commodity-backed Digital Assets announced from one of the world’s major commodity producers.
 

 
Nornickel, based in Russia, is one of the world’s biggest commodity producers which smelts nickel and palladium, and employs over 93,000 people. Nornickel’s largest shareholders include the Russian oligarchs,Vladimir Potanin and Roman Abramovich. Nornickel, which is quoted on the Moscow and the London Stock Exchanges and has market capitalisation of over £32 billion, has just announced that it is launching a Digital Asset, backed by palladium.
Nornickel and the German manufacturer, BSAF, have unveiled plans to build one of the world’s biggest factories making electric car batteries (to meet the...


READ MORE

Jonny Fry Posted

6 Years Ago |
How decentralised are Blockchains?


Ethereum, which has been used by 4953 of the 5576 tokens issued i.e. 87%, but over 25% of all Ethereum’s nodes are operating using cloud servers relying on Amazon Web Services.
 
One of the strengths about Blockchains, often touted, is that they are independent of governments and corporations. However, as shown above, it would seem Ethereum is very dependent on Amazon! Furthermore, 61% of Ethereum nodes are run using cloud providers and, as at 20th September 2019, only ten cloud providers (shown on the graph) accounted for  57.5% of all of Ethereum’s nodes. In terms of geographic concentration,...


READ MORE

Jonny Fry Posted

6 Years Ago |
SEC ‘shows its teeth’

Block.One, according to a Security Exchange Commission (SEC) press statement, has been obligated to pay $24 million in penalties for conducting an unregistered securities sale by carrying out its Initial Coin Offering (ICO). Block.One is the creator of EOS, which has issued over $4.1 billion of tokens, making it the largest ICO ever. Being fined $24 million (only 0.0058%) to get a SEC waiver looks like a stunning deal for Block.One, so it is of no surprise that within hours of this announcement EOS’s token price was up by 9%.
“Block.one did not provide ICO investors the information...


READ MORE

Jonny Fry Posted

6 Years Ago |
How to decide if an ICO issued a security or not


Is it any coincidence that almost the same day as the SEC’s press announcement about Block.One, a ‘posse’ of Crypto exchanges – Anchorage, Circle, Kraken, Bittrex, Greyscale, Genesis, Greyscale, DRW Cumberland and Coinbase launched an ICO rating service to help determine if an ICO is a security or not? They have set up a Crypto Rating Council (CRC) and intend to publish ratings on ICOs on a 1 to 5 scale - 1 signifying a ‘Utility token’ has few or no characteristics consistent with a traditional regulated security i.e. Bitcoin...


READ MORE

Jonny Fry Posted

6 Years Ago |
Why banks are digitising


It has been reported that banks are potentially going to lose $280 billionto Fintech and payment start-ups by 2025. McKinsey estimates that the global payments market is set to exceed $2 trillion by 2020.We have seen a number of challenger banks grow incredibly fast in the UK, with firms like Monzo and OakNorth. OakNorth has seen its income grow from £77 million to £177.6 million in just 12 months : a year-on-year growth of 268%, according to Innovative Finance.
More institutions are starting to offer digital versions of their existing assets (equities, bonds, property, mutual funds etc) notto...


READ MORE

Jonny Fry Posted

6 Years Ago |
Coffee, ‘grinding’ out how to use Blockchain technology

The market for coffee is huge and is set to grow over the next few years. According to the International Coffee Organisation, Honduras is the world’s sixth largest producer of coffee.

GrainChain, which is based in Texas in the USA, uses Blockchain technology and describes its platform as being able to “facilitate prompt payment to suppliers and farmers, and the immediate availability of tradeable commodities to buyers. It attacks fraud and corruption through certification and accountability...” GrainChain has signed up 12,000 Honduran coffee farmers onto its platform, enabling the farmers to get access to capital from banks,...


READ MORE

Jonny Fry Posted

6 Years Ago |
Apple increasingly moves into financial services

Click here for a two-minute video summary that explain Apple’s foray into financial services and the possible launch of ‘elppay’ — Apple’s Digital Currency

Up to June 2019, Apple has made a EBIDTA (Earnings Before Interest Depreciation Tax and Amortization) of $76.5 billion(which has been a decline of 5.24% on the previous year) as its sales of the iconic iPhone start to face stiff competition and mobile phones reach saturation. Indeed, according to GSM Intelligence(which monitors 1,400 telecom networks globally), there are 5.1 billion mobile subscriptions and 9.2 billion connections — yet the United Nations states...


READ MORE

Joined 7th February 2019