Bitcoin wird das neue Online-Gold - 3 Gründe, warum man ...

Bitcoin Market Weekly Report - Week of 08/06/2020

Bitcoin Market Weekly Report - Week of 08/06/2020
Review of the week:
Last week, a presentation from the wealth management division of Goldman Sachs noted that cryptocurrencies including Bitcoin are not an asset class. During a discussion about Bitcoin, gold, and inflation, the Goldman Sachs wealth management division said Bitcoin is not a “suitable investment for our clients.” But the ostensibly pessimistic stance of Goldman Sachs towards Bitcoin does not entirely reflect the bank’s perception of cryptocurrencies. According to Ethan Vera, former investment banker at Goldman Sachs and current executive at a crypto mining firm, the perception of Bitcoin by one division does not necessarily mirrors the bank’s viewpoint. He mentioned that the principal strategic investments group is “completely separate” from the wealth management division that gave the presentation and added: “I really do think Goldman is further ahead than most of the other Banks on Bitcoin.”
A latest report from Bloomberg reveals that all signs point to Bitcoin going on the major bull run in 2020, the only question is whether it will break the all-time high of $20,000. COVID-19 has accelerated Bitcoin’s maturation as an asset, showing its strength amid declining equities. In addition, it points to the ever-increasing appetite from institutional investors, and Grayscale, or GBTC, in particular, which has been consuming about 25% of the new supply and a surged raise from $ 2billion to $3.5 billion on June 3. Also, Grayscale’s director of investor relations, Ray Sharif-Askary, revealed that $110 million worth of ETH has been purchased by the firm during 2020 so far in Grayscale Ethereum Trust. He attributed Grayscale’s enormous crypto accumulation to institutions seeking a hedge fledge against inflation in response to U.S. monetary policy amid the COVID-19 crisis.
Disclaimer: The above market commentary is based on technical analysis using historical pricing data, and is for reference only. It does not serve as investment or trading advice.

About Coinviva:
Coinviva aims to create the best crypto financial services ecosystem for both institutional and individual investors. We provide reliable fiat funding options, excellent trading liquidity, bank security level custody and one-stop high liquidity provision on-site & off-site. Our founding management team all come from top tiered investment banking (e.g. JP Morgan, Morgan Stanley, Bank of America Merrill Lynch), with fully comprehensive financial institution operation experience.
submitted by Coinviva to u/Coinviva [link] [comments]

Capitalizing on a new asset class

Capitalizing on a new asset class

Capitalizing on a New Global Asset Class

Emerging uncorrelated asset class: crypto
December 2019

The Rise of Crypto

To date, the entire crypto asset class has experienced over $185 billion market cap growth in the last 10 years, with an ATH of $815 billion in 2018. (1) If you had invested $100 ten years ago in Bitcoin, you’d have a 9,150,088% return with $9.2M today.(2) In the last ten years, out of the world’s largest top 10 companies, Bitcoin has drastically outperformed them all and to date has the lowest market cap.
Bitcoin is the leading crypto in terms of market cap and despite its +45% drawdown since late June, it still boasts one of the best 2019 returns of any asset globally.
Whether you look at the past 10 years, 5 years or 3 years crypto as an asset class has generated the highest return of all major asset classes globally. The crypto asset class market capitalization is a fraction of what other investment categories market caps are today. There is much room for growth while adoption occurs over the next decade.

A World Economic Forum survey suggested that 10 percent of global GDP will be stored on blockchain by 2027. (3)
Nigel Green, founder and CEO of financial advisory firm deVere Group, with $10 billion under advice, believes “the value of the broader crypto market is poised to expand by 5,000%, which would attach a combined market cap of $20 trillion in the coming decade.” (4)

Crypto vs traditional asset class returns & market caps

And it’s still just the beginning.

Mass consumer and enterprise adoption has yet to occur and from a macro standpoint, crypto is getting better and stronger.
· Institutional financial firms like Fidelity and Nasdaq are ramping up products
· Investment Banks like Goldman Sachs and JP Morgan plan to roll out their own stablecoins
· Pension funds and endowments are making investments into crypto funds
· Technology firms like Facebook and Samsung are releasing crypto consumer facing apps
· The Chinese government is launching a central bank backed stablecoin
Perhaps more importantly, real use cases for the technology behind the asset class are emerging. Such as innovative decentralized consumer lending and borrowing to tokenizing financial and real-world assets via smart contracts, to instant micro-money transfers via the Lightning network on Bitcoin.
There are provably real reasons to be excited about the long-term growth of crypto assets beyond just speculation and price.
This asset class is positioned to create value across the world’s largest industries through a series of disruptions by creation of new and next generation use cases, behaviors and business models in the application layer.
Blockchain technology's inevitable disruptive future
“100% of the stocks and bonds trading on Wall Street today could be tokenized, and in five years, 100% of the stocks and bonds on Wall Street will be tokenized.” — Robert Greifeld, the former CEO of Nasdaq

(1) ,
(2) ,
submitted by megancrypto to u/megancrypto [link] [comments]

Bitcoin ETF? Really?? Banksters are the problem. Bitcoin is the solution.

Trust. The banksters got that name for good reasons: they're know criminals. There are now two classes of people in the US: banksters, and those who must obey all laws or face jail and/or penalties.
Examples include, but are in no way limited to:
Are you willing to trust people like that to hold your Bitcoins for you? If so, what's the matter with you?
Banksters are the problem. Bitcoin is the solution.
"Your keys, your Bitcoin. Not your keys, not your Bitcoin" -- Andreas Antonopoulos
Then, there's the possibility that the fund (ETF) you put your money into is being run by another Bernie Madoff kind of person who will send you quarterly statements, but hasn't actually invested a dime of your money.
Before you go spouting off about regulators and auditors, keep reading:
It has been well known for some time that the government regulation agencies have a "revolving door" with the very entities they're supposed to be regulating. People often leave government to go work for the places they were supposed to be regulating. Sometimes people leave the banks to go regulate their "buddies". Again, are you able and willing to trust them? Not me.
Ask yourself, "Where the hell were the auditors and regulators during Bernie Madoff's caper?"
Trust is just one of many reasons why a wise person should be very cynical about ETFs in general, and about Bitcoin ETFs specifically.
submitted by DelfinGuy to Bitcoin [link] [comments]

Beer, Blockchain and Derivatives Trades: A Hackathon Brings Bankers and Techies Together to Disrupt a Trillion-Dollar Market

The beer was flowing and the hubbub of conversation was beginning to rise at Barclays’ fintech hub in London’s trendy Shoreditch neighborhood last week. After a marathon competition, developers finally let their hair down.
For the previous 48 hours, the participants of DerivHack had been testing new digital tools. There was more than just pride on the line. The new technologies promise to cut billions from the cost of processing trades in the multi-trillion-dollar derivatives and securities markets.
For two days, in long sessions fueled by coffee and Coca-Cola, international teams of developers in London, New York and Singapore tested a new trading standard developed by the industry group, International Swaps and Derivatives Association (ISDA) that could transform the way the derivatives industry and other financial markets work.
Banks and developers say the new trading standard, coupled with distributed ledger technology, could bring big savings to the expensive business of processing trades.
A distributed ledger is a secure, decentralized database shared among different parties. Think of it as a bookkeeping method that instantly verifies that you’re getting precisely what you’ve agreed to. The best-known ledger technology is blockchain, which underpins the cryptocurrency bitcoin.
In recent years, there’s been considerable hype around deploying distributed ledger technology in the banking sector to speed up all manner of transactions that now take days to clear. The derivatives market is particularly ripe for disruption. Despite is size, it’s riddled with inefficiency. Participants have established myriad ways to process trades over the years, leading to redundant layers of processing and compounding reconciliation costs, which occur when the data shared between the buyer and seller doesn’t perfectly match up.

A billion dollar fix

The ISDA’s fix to this problem is called Common Domain Model (CDM), a distributed ledger technology that it’s rolled out in stages over the past year that promises to automate the processing of derivatives trades. Deloitte reckons a blockchain-derived tool such as this could cut dealers’ costs of roughly $3.2 billion by 80-85%.
“The total opportunity becomes much larger when considering the inclusion of other market participants outside the dealer community, benefits to regulators, improvements in funding, and balance sheet optimization,” Deloitte said in a recent report.
But if CDM is ever to become a trusted trading standard, the geeks first have to put it through its paces.
That’s why Barclays sponsored the hackathon, now in its second year. To get away from the suits in the Square Mile, it held the event where the coders and engineers could be found during the day—its Rise building in Shoreditch, which houses dozens of finch start-ups.

Making sense of credit default swaps

The market value of over-the-counter derivatives has fallen since the financial crisis of 2007-09. That’s when one type of derivative, credit default swaps, dominated before the market imploded under the weight of a cascade of defaults. But the gross market value of OTC derivatives still stood at a staggering $9.7 trillion at the end of 2018, down from a peak of $35 trillion in 2008, according to the Bank for International Settlements.
The Common Domain Model was developed by ISDA in an effort to harmonize a patchwork of different conventions used to represent derivatives trades and processes, and bring them in line with the latest regulation. Another plus: it can automate error-prone manual processes.
At its “derivatives hackathon”, Barclays gave teams of IT developers trading scenarios that required them to use ISDA’s CDM standard; the teams chose the technology platform—whether a centralized database or a distributed ledger platform.
The scenarios allowed the teams to model post-trade processing of derivatives contracts to show how efficiencies could be achieved by using the CDM standard.
Barclays hosted a similar event last year in New York and London. This year, DerivHack was extended to Singapore and the product scope broadened to include securities. Fifteen teams took part in London, 19 in New York and 8 in Singapore, including a team from Russia. In addition to Barclays, participating banks included JP Morgan, Goldman Sachs, HSBC, UBS, Bank of America and NatWest.
Ian Sloyan, ISDA’s director for market infrastructure and technology, said ISDA was seeing a lot of interest in the new standard.
“We are seeing some real-life projects now talking about implementing the ISDA CDM, which is happening at pace. In the next year, I think we are going to see some big implementation projects that will demonstrate how important the ISDA CDM is going to be to the market,” he told Fortune.
Lee Braine, Barclays’ director of research and engineering, said that, a year ago, the purpose of the hackathon was to get a sense from the industry of whether the CDM made sense, and was usable.
“We’re past that. The answer was yes. So now the challenge is: how do you drive adoption?” he said, adding the interest is strong from banks and fintechs alike.
Sunil Challa, director, Business Architect, Barclays Strategy, said one big development since last year was that ISDA had made CDM open source, meaning any developer could work with the model, regardless of whether they were experts in financial services.
“Within the blockchain/distributed ledger technology platforms, three out of the four major platforms have essentially taken this standard and mapped it, and extended it on their platforms,” he said.
The winner of the London leg of DerivHack was Finteum, a startup that is building a platform for banks to borrow and lend to each other for hours at a time instead of overnight. Co-founder Brian Nolan found it relatively easy for Finteum, as a new trading platform, to integrate CDM into its platform. He said CDM showed promise as a standard.
“Absolutely, not just derivatives, but here as you’ve seen in the securities industry, I think there is growing momentum behind it. I think today’s event proves that,” he told Fortune.

More must-read stories from Fortune:

Tariffs on this beloved Italian cheese are now in effect and the markets are grumbling
—These comments cost Ken Fisher’s fund a [$600 million investment
]( —What Warren Buffett’s move to increase his Bank of America stake says about [the health of the economy
]( —How would you spend a universal basic income? We asked participants around the world—and their answers might surprise you
—Scotch on the rocks—how Trump’s trade tariffs could harm a favorite nightcap
Don’t miss the dailyTerm Sheet, Fortune’s newsletter on deals and dealmakers.
* More Details Here
submitted by acerod1 to Business_Analyst [link] [comments]

Tuition Finance Resistance Info

I thought I would share a whole lot of links I've compiled from recent research. I am working on a full length post (for somewhere) on the underappreciated importance and complexity of the "Undue Hardship" concept. If you are interested or have some suggestions of resources or ideas you do not see here, please let me know.
Sorry the formatting is bad. If any one knows a better way to get bookmarks from chrome to a reddit post, also, please don't spam just let me know and I'll repost.
Taibbi: The Great College Loan Swindle - Rolling StoneWhy It's So Hard to Declare Bankruptcy on Your Student Loans - VICEDebt Dodgers: Meet the Americans Who Moved to Europe and Went AWOL on Their Student Loans - VICELoans ‘Designed to Fail’: States Say Navient Preyed on Students - The New York Times201701_cfpb_Navient-Pioneer-Credit-Recovery-complaint.pdfjulian schmoke - Google SearchSchmoke’s cousin, Julian Schmoke, recently tapped by Trump Administration for Education Department job | Baltimore BrewFormer For-Profit College Dean Now at the Ed Department - The AtlanticReport: Education Department Hires Enforcement ChiefTrump administration selects former DeVry official to lead college enforcement unit - POLITICOalan collinge - Google SearchForbes WelcomeMidPoint | Alan Collinge discusses student loan debt in America - YouTubeHow student debt will cripple the American dream. | Dusty Wunderlich | TEDxUniversityofNevada - YouTubeNew Idiot to Laugh at…(Alan Collinge) « American The Student Loan Scam: The Most Oppressive Debt in U.S. History and How We Can Fight Back (9780807042311): Alan Collinge: BooksTrump’s silence on student loan crisis is deafening | TheHill
Beacon Press: Alan Michael CollingeEducation Finance Statistics Center (EDFIN) - About EDFINCould Student Loans Lead to Debt Prison? The Handwriting on the WallConfusion Clouds Future of Student Loan Forgiveness ProgramsDebunking the Student Loan Bankruptcy Myth | Student Loan Ranger | US NewsStudent Loan Attorney St Louis Missouri | Tate Esq LLC | Powerful guide on how to discharge student loans in bankruptcyDepartment of Education Reaches Decision About Student Loans and BankruptcyIs Trump Mulling Peter Thiel for a Top Intelligence Advisory Post? | Vanity FairNew Fed chair doesn’t understand why student debt can’t be discharged in bankruptcy - MarketWatchBankruptcy Court Tells Dept of Ed to Go Shove IBR as Unrealalistic | HuffPostGive student loans the finger: A new solution to a massive generational outrage - Salon.comDepartment of Education criticized for how it pays debt collectors to chase student loan dollars - The Washington PostThe Debt CollectiveThe College-Loan Scandal: Matt Taibbi on the Ripping Off of Young America - Rolling StoneFour Reasons Young Americans Should Burn Their Student Loan PapersThe Illegitimacy of Student Loan Debt | HuffPostBorrower's Defense to Repayment Student Loan Discharges in 2018 | FSLDHigher Ed, Not DebtWelcome... - The Student Loan Lawyer - Attorney Joshua CohenWhen Is It Time to Hire a Student Loan Lawyer? | Student Loan HeroNew York Student Loan Attorney | New York Debt Relief LawyerWhen Do You Need A Lawyer For Your Student Loan Debt?When to Consider a Student Loan Lawyer - NerdWalletDepartment of Education criticized for how it pays debt collectors to chase student loan dollars - The Washington PostStudent Loans - Smart Contract on Blockchain - Galactic Talk1 of 5 Americans Used School Loans to Buy Cryptocurrency - Bitcoinist.comIs Bitcoin a Comparable Gamble to Student Debt? | Crowdfund InsiderUsing Student Loans to Buy Bitcoin Will Only Lead to More Debt WoesBlockchain and student loans: an urgent problemFormer Sallie Mae CEO at Center of Federal Corruption ProbeAmerican scam: My kid and I are both supposed to go broke paying for college? Forget it - Salon.comUse Google Bookmarks to Share a Ton of Links at OnceAlbert Lord Golf Course | Golfer sets own course - tribunedigital-baltimoresunStudent Loan Balances On Trajectory To Surpass Those Of MortgagesDIY Bankruptcy Resources : StudentLoanBankruptcyStudent loans are in a $1.3 trillion bubble, Goldman Sachs says - Business InsiderTexas Bankruptcy Judge Holds that Not Every Loan Related to Education is a Nondischargeable Student Loan in Purported Class Action | Balch & Bingham LLP - JDSupraAirTalk® | Audio: Should it be easier to wipe out student debt in bankruptcy? | 89.3 KPCCEverything You Need to Know About Student Loans and Bankruptcy : StudentLoanBankruptcyDurbin introduces amendment providing student loan protectionsIs student loan debt the next financial crisis? | TheHillFinancial Crisis Is Over for Housing But Not for Student Loans - BloombergExplainer: the US student loan problem and how we got hereWhy accountability efforts in higher education often failUndue Hardship DefinitionSallie Mae: Buying Political Influence at What Cost? – My CMSSallie Mae Summary | OpenSecretsAttorney General Proves Student Loan Debt Can Be Wiped Out in BankruptcyBankrupt dad battles to get student loan debt forgiven - The Boston GlobeBankruptcy and student loans | Nickless, Phillips & O'Connor | FitchburgMassachusetts man earns court victory in student loan case | Boston 25 NewsStudent Loans Bankruptcy Lawyers Fall River Mass, New Bedford Mass, Taunton MassMassachusetts Bankruptcy Lawyer | Student Loans Blog | Law Office of Robert W. Kovacs, Jr.Massachusetts Student Loan Laws and Assistance - Law Office of Nicholas F. Ortiz, P.CStudent Loan Borrowers AssistanceGetting out of defaultUnderstanding Delinquency and Default | Federal Student AidIBRinfo :: Help is here!Turned Down for Employment Because of Credit Report - Law Office of Nicholas F. Ortiz, P.CBoston Bankruptcy Discharge Attorney | Student Loan Debt Lawyer | Debt Relief Law FirmChaos in the Courts The Meaning of Undue Hardship in 11 U.S.C. 523(a)(8) and the Argument for Establishing a Uniform Federal Standard | ABIYes, You Can Discharge Student Debts And The Feds Want To Make It Even EasierNo Recourse: Putting an End to Bankruptcy’s Student Loan Exception | DemosTime for a Fresh Look at the “Undue Hardship” Bankruptcy Standard for Student Debtors - Iowa Law Review - The University of Iowa College of LawAn undue hardship? Discharging student loans in bankruptcy | Equal Justice WorksGEN1513.pdfYes, You Can Discharge Student Debts And The Feds Want To Make It Even Easier"Undue Hardship" Under Section 523(a)(8): Can the Debtor's Student Loans Be Discharged?U.S. Bankruptcy Code — 2018 EditionIN RE HUNTER, Bankr. Court, ND Illinois 2018 - Google Scholar(8)%22&hl=en&as_sdt=3,26&as_ylo=2018)Legal Institutions Are Not Prepared For More Student Loan Bankruptcies | Above the LawStudent Loan Bankruptcy Assistance ProjectDad wins court victory in effort to erase $250K in student loansStudent Loans and Bankruptcy in Massachusetts | Bridge USStudent-Loan Discharge - An Empirical Study of the Undue Hardship Provision of § 523(a)(8) Under Appellate ReviewUndue Hardship - Poverty Required11 U.S. Code § 523 - Exceptions to discharge | US Law | LII / Legal Information InstituteProject on Predatory Student Lending | Legal Services CenterProject on Predatory Student Lending | Legal Services CenterRepresenting Students | Predatory Student LendingENFORCEMENT GUIDANCE: REASONABLE ACCOMMODATION AND UNDUE HARDSHIP UNDER THE AMERICANS WITH DISABILITIES ACTThe zero percent solution - The Boston GlobeThe American Debt Trap - BloombergCollege leaders should support bankruptcy protection for student loans (opinion)The zero percent solution - The Boston GlobeFear not the Difficulty of Discharging Student Loans in Bankruptcy - The Student Loan Lawyer - Attorney Joshua CohenStudent Loans, Bankruptcy, and the Fresh Start Policy: Must Debtors Be Impoverished to Discharge Educational Loans 71 Tulane Law Review 1996-1997Higher Education Amendments of 1998 (1998; 105th Congress H.R. 6) - GovTrack.usSection 971 -- 1998 Amendments to Higher Education Act of 1965Section 432 -- 1998 Amendments to Higher Education Act of 1965Will California Congressman Buck McKeon Go Down? | The NationCorporate Lobbyists Manage Our Presidential Debates | The NationThe Truth About Student Loan Bankruptcy Discharge | Loans Advice | US NewsWho got rich off the student debt crisis | RevealStudent Debt: Lives on Hold - Consumer ReportsYou Should Care About The Bank Exactly As Much As It Cares About You | Current AffairsHow parents can help their children avoid regretting their college debt - MarketWatchGetting Prepared Before Seeking Help | Federal Student AidContact Us | Federal Student AidFederal Student AidGetting Out of Default | Federal Student AidShould I Consolidate or Rehabilitate my Federal Student LoanDefense to Repayment Application — The Debt CollectiveContact — The Debt CollectiveStudent Debt Research - The Debt Collective
submitted by diogenesjr to studentloandefaulters [link] [comments]

Bitcoin Inventor Can't Access Coins Requested In $10B Law Suit

Law360, West Palm Beach (June 28, 2019, 10:26 PM EDT) -- The Australian computer scientist who claims to have invented bitcoin told a Florida federal court Friday he cannot comply with a court order to produce a list of his bitcoin holdings in a $10.2 billion lawsuit against him.
Craig Wright, who took the stand in West Palm Beach, said that's because the bitcoin holdings are held in a blind trust and he does not have the requisite keys to access them.
Wright explained to the court why he could not produce the list of public addresses, or unique identifiers, of his bitcoin holdings as of Dec. 31, 2013, as requested by plaintiff Ira Kleiman, who claims Wright stole $10 billion worth of bitcoins from the company of his deceased brother Dave Kleiman, who is said to have helped invent the cryptocurrency bitcoin.
Wright explained that the bitcoins have 15 different key "slices," at least eight of which would be necessary to access them. He said he had some of the slices and Dave Kleiman had some of the others, and he’d directed Kleiman to give them to bonded couriers who would return the key slices on certain dates. He said he has no idea if Kleiman set them up correctly or who holds the other slices.
He said some of the slices would not become available until June 2020, which caught the attention of U.S. Magistrate Judge Bruce Reinhart.
“So since 2016 you have known that you didn’t have access to these files and wouldn’t have access until 2020?” Judge Reinhart said. “And you knew that in February 2019 and in March 2019?”
Wright, who lives in the U.K., was on the stand Friday after being ordered by Judge Reinhart to show up in court and explain why he could not comply with a March order to produce a list of his bitcoin holdings, as well as certain documents and certifications related to a blind trust in which Wright says he put his bitcoin holdings in 2011. The judge is considering whether or not to recommend sanctions, including possible contempt of court, for defying the court order.
Wright testified that though he wanted to comply with the order, it was impossible for him to do so.
“If there was any way at all that I could, then I would,” he said.
He said he is ashamed of his invention, which he says has been used to trade in drugs, weapons and child pornography.
“I set up bitcoin to be honest money,” Wright said. “I set up bitcoin to fix the problems of every other digital cash that had been. Every single other one had fallen to crime. I thought I would set up the world’s first digital cash that would not fall to crime.”
But as others he worked with launched dark web sites like Silk Road and Hydra, Wright said through tears that he stopped mining bitcoin completely in August 2010. Whatever bitcoins he owned were put into a blind trust that he says will go to funding educational charities.
Wright said it was Dave Kleiman who talked him out of destroying the bitcoins entirely. In 2011, Wright said they were not worth much money and he thought they would “drag [his] life to hell.”
“If I had my way, I would’ve put a hammer through the hard drive that held those,” Wright said.
During cross-examination, Wright was also questioned about an email he’d submitted that Ira Kleiman says is forged. In the email, dated Dec. 20, 2012, Dave Kleiman allegedly appoints a woman named Uyen Nguyen as director of W&K Info Defense Research LLC, the company Kleiman and Wright co-founded. But the cryptocurrency community, and an expert hired by Kleiman’s estate, have pointed out that the PGP signature at the bottom of the email was generated on March 12, 2014, one year after Kleiman’s death.
Wright denied ever changing the date on the email, accused Kleiman’s counsel of misleading the court by presenting a doctored pdf of the email, and said the data had come from a known compromised server. The email came from his staff, he said, which was attempting to push his company into liquidation at the time.
“You want me to comment on a file from a server run by a person who was trying to force me into liquidation so they could sell my intellectual property,” Wright said.
At one point, Wright accused Kleiman’s counsel of committing perjury and threw the document into the air in frustration, which immediately drew a sharp rebuke from the judge.
“You throw another document in my courtroom, you will be in handcuffs so fast your head will spin,” Judge Reinhart said.
Wright later apologized for the comment, and the judge agreed that he would not hold it against him in any ruling.
The parties got through Wright’s testimony but did not have time to put their expert witnesses on the stand and will have to reconvene for a second hearing at a later agreed-upon date.
Kleiman’s estate sued Wright in February 2018 for more than $10 billion — representing up to 1.1 million bitcoins at the time of the suit — and intellectual property related to bitcoin software, alleging that Wright has schemed to seize Kleiman’s bitcoins ever since his death in 2013.
Wright, according to the suit, forged documents to make it appear that Dave Kleiman had previously signed away ownership of W&K. But when Ira Kleiman challenged the veracity of the documents, he was reportedly promised funds from his brother’s estate, although those payments never materialized, according to the suit.
Wright orbited outside the public's view until 2015, when Australian tax authorities investigated his role in developing the currency, eventually leading him to acknowledge that he was Satoshi Nakamoto, the pseudonymous inventor of bitcoin, a claim he later refused to substantiate but one that he never withdrew.
Wright has called the suit a shakedown and said the complaint is based on speculation and motivated by greed. He says Ira Kleiman tried to mine his brother’s hard drives after his death, only to find that any possible fortune hidden therein was encrypted and out of reach.
Instead of being able to cash in, Wright accused Kleiman of drudging up tired slander to fabricate a lawsuit that echoes claims over bitcoin fraud and the ownership of intellectual property rights to the code used to create the bitcoin software that were already settled in Australia, where the Supreme Court of New South Wales awarded Wright 28.5 million Australian dollars ($22.15 million at the time).
Ira Kleiman is represented by Velvel (Devin) Freedman, Kyle W. Roche and Stephen N. Zack of Boies Schiller Flexner LLP.
Wright is represented by Andres Rivero, Amanda McGovern, Zaharah Markoe, Alan H. Rolnick, Bryan Lee Paschal and Schneur Zalman Kass of Rivero Mestre LLP.
The case is Kleiman et al. v. Wright, case number 9:18-cv-80176, in the U.S. District Court for the Southern District of Florida.
--Additional reporting by Christopher Crosby. Editing by Bruce Goldman.
submitted by FutureBitcoinSV to bitcoinsv [link] [comments]

A Look at DCG & Bitfury's Incestuous Ties With the U.S. Government

Peter Todd Tweet in 2014:
[email protected] I gotta say, looks really bad legally how Austin Hill's been negotiating deals w/ pools/etc. to get control of hashing power.
Board of Digital Currency Group
Glenn Hutchins
Advisory Board
Larry Summers
DCG of course is an investor in both Blockstream and BTCC.
DCG's money comes from:
DCG also owns Coindesk.
BTCC and Bitfury are the only two large mining pools who are outspoken in their support of Bitcoin Core.
The Bitfury Group Leadership to Present at Clinton Global Initiative (
Full Video (Begins at 32:00)
“The Bitfury Group is proud to be the world’s leading full service Blockchain technology company, we are deeply honored to represent this innovation to an audience of extremely dedicated game-changers, and we look forward to highlighting our company’s groundbreaking ‘Blockchain for global good’ work at such an important event, said Smith. “From the White House to the Blockchain, I know this technology has the power to deliver inclusion and opportunity to millions, if not billions, of people around the world and I am so grateful to work for a company focused on such a principled vision.”
Bitfury Lightning Implementation
  • In partnership with a French firm called ACINQ (
  • ACINQ is a subsidiary of the larger ACINQ Financial Services
  • CoinTelegraph: Bitfury Lightning Network Successfully Tested With French Bitcoin Company
  • TEAM:
  • ACINQ’s US Headquarters is in Vienna, Virginia, a small town of only 16,000. Why would a global financial firm choose to locate here? -- Feeder community into Washington, D.C. Has an orange line metro stop. -- Located in Fairfax County, VA. -- The US Federal Government is the #2 largest employer -- Booz Allen Hamilton (NSA front company) is #6 largest employer -- In fact, most of the top employers in Fairfax County are either US Federal Gov’t or companies that provide services to Federal Government -- The county is home to the headquarters of intelligence agencies such as the Central Intelligence Agency, National Geospatial-Intelligence Agency, and National Reconnaissance Office, as well as the National Counterterrorism Center and Office of the Director of National Intelligence.
Chairman: Avinash Vashistha
CEO: Chaman Baid
CSO: Nandan Setlur
  • From 1986-1993 he worked for Information Management Consultants (imc) Ltd as a Technical Consultant with various federal government agencies. McLean, Virginia
  • 1993-2000 Technical Consultant for Freddie Mac, in McLean Virginia
  • From 2000-2007, President of InterPro Global in Maryland
  • From 2011-2012, Director of VibbleTV in Columbia, Maryland
  • From 2008-Present has been Executive Director at ACINQ and Managing Partner at Vine Management, both in Vienna, Virginia.
BitFury Enhances Its Advisory Board by Adding Former CFTC Chairman Dr. James Newsome and Renowned Global Thought Leader and President of the Institute for Liberty and Democracy Hernando de Soto (Businesswire)
Bitfury Board of Directors
Robert R Dykes
The other board members include two Bitfury founders, and an investor.
Bitfury Advisory Board
James Newsome
  • Ex-chairman of CFTC
  • Dr. Newsome was nominated by President Clinton and confirmed by the Senate to be at first a Commissioner and later a Chairman of CFTC. As Chairman, Newsome guided the regulation of the nation’s futures markets. Additionally, Newsome led the CFTC’s regulatory implementation of the Commodity Futures Modernization Act of 2000 (CFMA). He also served as one of four members of the President’s Working Group for Financial Markets, along with the Secretary of the Treasury and the Chairmen of the Federal Reserve and the SEC. In 2004, Newsome assumed the role of President and Chief Executive Officer of the New York Mercantile Exchange (NYMEX) where he managed daily operations of the largest physical derivatives exchange in the world. Dr. Newsome is presently a founding partner of Delta Strategy Group, a full-service government affairs firm based in Washington, DC.
Hernando de Soto
  • Hernando de Soto heads the Institute for Liberty and Democracy, named by The Economist one of the two most important think tanks in the world. In the last 30 years, he and his colleagues at the ILD have been involved in designing and implementing legal reform programs to empower the poor in Africa, Asia, Latin America, the Middle East, and former Soviet nations by granting them access to the same property and business rights that the majority of people in developed countries have through the institutions and tools needed to exercise those rights and freedoms. Mr. de Soto also co-chaired with former US Secretary of State Madeleine Albright the Commission on Legal Empowerment of the Poor, and currently serves as honorary co-chair on various boards and organizations, including the World Justice Project. He is the author of “The Other Path: the Economic Answer to Terrorism”, and his seminal work “The Mystery of Capital: Why Capitalism Triumphs in the West and Fails Everywhere Else.”
  • Frequent attendee at Davos World Economic Forum
  • Frequent Speaker @ Clinton Global Initiative
  • Criticisms: -- In his 'Planet of Slums'[104] Mike Davis argues that de Soto, who Davis calls 'the global guru of neo-liberal populism', is essentially promoting what the statist left in South America and India has always promoted—individual land titling. Davis argues that titling is the incorporation into the formal economy of cities, which benefits more wealthy squatters but is disastrous for poorer squatters, and especially tenants who simply cannot afford incorporation into the fully commodified formal economy. -- An article by Madeleine Bunting for The Guardian (UK) claimed that de Soto's suggestions would in some circumstances cause more harm than benefit, and referred to The Mystery of Capital as "an elaborate smokescreen" used to obscure the issue of the power of the globalized elite. She cited de Soto's employment history as evidence of his bias in favor of the powerful.
Tomicah Tilleman
  • Dr. Tomicah Tillemann is Director of the Bretton Woods II initiative. The initiative brings together a variety of long-term investors, with the goal of committing 1% of their assets to social impact investment and using investments as leverage to encourage global good governance. Tillemann served at the U.S. State Department in 2010 as the Senior Advisor on Civil Society and Emerging Democracies to Secretary Hillary Clinton and Secretary John Kerry. Tillemann came to the State Department as a speechwriter to Secretary Clinton in March 2009. Earlier, he worked for the Senate Foreign Relations Committee, where he was the principal policy advisor on Europe and Eurasia to Committee Chairmen, Senators Joe Biden and John Kerry. He also facilitated the work of the Senate's Subcommittee on European Affairs, then chaired by Senator Barack Obama. Tillemann received his B.A. magna cum laude from Yale University. He holds a Ph.D. with distinction from the School for Advanced International Studies at Johns Hopkins University (SAIS) where he also served as a graduate level instructor in American foreign policy.
  • Secretary Clinton appointed Tomicah Tillemann, Ph.D. as the State Department’s Senior Advisor for Civil Society and Emerging Democracies in October 2010. He continues his service under Secretary Kerry.
  • Mr. Tillemann and his team operate like venture capitalists, identifying ideas that can strengthen new democracies and civil society, and then bring together the talent, technology and resources needed to translate promising concepts into successful diplomacy. He and his team have developed over 20 major initiatives on behalf of the President and Secretary of State.
  • Mr. Tillemann came to the State Department as a speechwriter to Secretary Clinton in March 2009 and collaborated with her on over 200 speeches. Earlier, he worked for the Senate Foreign Relations Committee, where he was the principal policy advisor on Europe and Eurasia to Committee Chairmen, Senators Joe Biden and John Kerry. He also facilitated the work of the Senate's Subcommittee on European Affairs, then chaired by Senator Barack Obama. Mr. Tillemann’s other professional experience includes work with the White House Office of Media Affairs and five U.S. Senate and Congressional campaigns. He was a reporter with Reuters New Media and hosted a commercial radio program in Denver, Colorado.
  • Director of “Bretton Woods II” initiative at New America Foundation Bretton Woods was an international summit that led to the creation of the IMF and the IBRD, one of five members of The World Bank
Jamie Smith
Jason Weinstein
Paul Brody (no longer appears on site, and his LinkedIn has no mention of Bitfury, but he is mentioned in a Press Release
  • Ernst & Young since 2015 as “Americas Strategy Leader”, “Global Innovation Leader”, and “Solution Leader”
  • Prior to E&Y, he was an executive at IBM since 2002
New America Foundation
Muskoka Group
[note: this is worthy of much more research]
  • Don Tapscott, co-author of the book “Blockchain Revolution,” hosted the meeting with his son and co-author Alex Tapscott at his family’s summer compound in Lake of Bays, Ontario. The group included some of blockchain’s biggest backers, including people with ties to IBM and JPMorgan. They considered ways to improve the governance and oversight of the technology behind the digital currency bitcoin as a way to fuel the industry’s growth. They included Jim Zemlin, executive director of the Linux Foundation; Brian Behlendorf, executive director of the Hyperledger Project, a blockchain supporter group that includes International Business Machines Corp., Airbus Group SE and JPMorgan Chase & Co.; and Ana Lopes, board member of the World Wide Web Foundation. Participants with blockchain industry ties include former deputy White House press secretary Jamie Smith, now chief global communications officer of BitFury Group Ltd., and Joseph Lubin, founder of startup Consensus Systems.
Blockchain Delegation Attends Democratic National Convention
Jamie Smith — The Bitfury Group & Blockchain Trust Accelerator Tomicah Tillemann— New America Foundation & Blockchain Trust Accelerator Alex Tapscott— co-author: Blockchain Revolution Brian Forde — MIT, Digital Currency Initiative
Brian Forde
  • Was the founding director of the MIT Digital Currency Initiative -Left his 4 year post as White House Senior Advisor for Mobile and Data Innovation to go directly to the MIT DCI
  • Brian Forde has spent more than a decade at the nexus of technology, entrepreneurship, and public policy. He is currently the Director of Digital Currency at the MIT Media Lab where he leads efforts to mainstream digital currencies like Bitcoin through research, and incubation of high-impact applications of the emerging technology. Most recently he was the Senior Advisor for Mobile and Data Innovation at the White House where he spearheaded efforts to leverage emerging technologies to address the President’s most critical national priorities. Prior to his work at the White House, Brian founded one of the largest phone companies in Nicaragua after serving as a business and technology volunteer in the Peace Corps. In recognition of his work, Brian was named a Young Global Leader by the World Economic Forum and one of the ten most influential people in bitcoin and blockchain.
Alex Tapscott
World Economic Forum
  • Strategic Partners:
  • Includes Accenture (See Avinash Vashistha), Allianz, Deloitte (Scaling Bitcoin platinum sponsor, Blockstream Partner), Citigroup, Bain & Company (parent of Bain Capital, DCG investor), Dalian Wanda Group (working on blockchain technology), Ernst & Young (see Paul Brody), HSBC (Li-Ka Shing, Blockstream investor, used to be Deputy Chairman of HSBC), IBM, KPMG International, Mastercard (DCG Investor), PwC (Blockstream partner, also sponsor of Scaling Bitcoin)
  • Future of Financial Services Report [PDF] The word “blockchain” is mentioned once in this document, on page 23 ( We have identified three major challenge areas related to innovation in financial services that will require multi-stakeholder collaboration to be addressed effectively. We are launching a project stream related to each area, with the goal of enabling tangible impact.... Decentralised systems, such as the blockchain protocol, threaten to disintermediate almost every process in financial services
  • The Steering Group who authored the report is a who’s who of the global financial elite. (Pages 4 & 5)
Bitfury Washington DC Office
Washington DC Office 600 Pennsylvania Avenue Suite 300 Washington, D.C. 20003
Bitfury Chosen for Ernst & Young Blockchain Startup Challenge
Deloitte Unveils Plan to Build Blockchain-Based Digital Bank
submitted by 5zh8FoCiZ to btc [link] [comments]



Blockchain in Banking & Financial Service
Banking is mainly one of the most centralized and opaque industries, making the legacy financial ecosystem a prime target for Blockchain adoption.
In the original Bitcoin white paper, cryptocurrency is labelled as a Peer to Peer (P2P) electronic cash system, highlighting the potential blockchain technology holds to transform the current financial ecosystem. Various characteristics of Blockchain such as decentralized, immutable, and transparency make it appealing for the banking and finance industries.
The banking and finance sector is prone to errors and frauds being operating on the basis of highly dependent manual networks. This could lead to a crippled money-management system. As per Global Fintech Report 2017, 77% of Fintech institutes expect to adopt blockchain as part of an in-production system or process by 2020.

Blockchain in Banking & Financial Services – Adoption

One of the most talked-about topics today is Blockchain in Banking & Financial Services. If fully adopted, it will enable banks & financial institutions to process payments more quickly and more accurately while reducing transaction processing costs.
All major banks are looking to adopt blockchain which could be used for money transfers, record keeping, and other back-end operations.
Traditional banks are highly aware of the potential blockchain technology holds to disrupt the financial sector. Major international banks — such as JPMorgan, Bank of America, and Goldman Sachs — are already heavily invested in the blockchain industry.
The impact of Blockchain Technology in the Banking Sector is quite apparent. More than 1.7 billion individuals around the world currently lack access to basic banking or financial services as per the data released by the World Bank. Further studies were done by the World Bank showcase that blockchain technology holds powerful potential for promoting financial inclusion to the unbanked and underbanked.

Blockchain in Banking & Financial Services – Use Cases

Now, let’s briefly look at some practical use-cases for Blockchain in Banking & Financial Services industry:
Fraud Reduction
45% of financial intermediaries like money transfer services and stock exchanges are prone to financial frauds routinely. Blockchain technology would help to get rid of some of the current crimes committed online against financial institutions.
Know your Customer (KYC)
Banks and Financial institutions spend anywhere from $60 million to $500 million yearly to process Know your Customer (KYC) and customer due diligence regulations as per a Thomson Reuters Survey. Blockchain would allow an organization to access the verification details of a client by another organization, thus avoiding repetition of the KYC process & reduction in administrative costs.
Smart Contracts
Smart contracts would be helpful in increasing the speed and simplifying complex processes when used for financial transactions. A Smart Contract will also ensure the transfer of accurate information as the transaction will be validated only if all the written conditions of the code are met.
Clearing and Settlement
The web network that records financial transactions costs investment banks billions of dollars to run. According to Accenture, the biggest investment banks could save $10bn by bringing in blockchain technology to improve the efficiency of clearing & settlement.
Trade Finance
Trade Finance which is paper-intensive is considered to be the most powerful application of blockchain. The electronic decentralized ledger that gives all the participants, including banks, the ability to access a single source of information and allows them to track all documentation and validation of ownership of assets digitally.
Blockchain brings higher security with minimal lower costs to process payment between organizations and their clients and even between banks themselves. It would eliminate all the intermediaries in the payment processing system.

Private and Permissioned Blockchain in Banking & Financial Services – Good Fit for Banking & Financial Services

Public blockchain specifically is a globally distributed ledger system. Its public & permission-less network is free and open for anyone to join, read, and write. Entire data is hosted on public servers. So, anonymity and data-privacy are significant challenges to be managed.
In many aspects, the banking and financial industry stands on private, mission-critical and sensitive data. Very few aspects of this industry, apart from their promotional brochures, can probably fit into the world of public blockchains.
On the other hand, Private and Permissioned Blockchain seem to be tailor-made for the financial industry with a built-in access-control mechanism. This indicates that only authorized personnel can join, read or write to this network. Depending on how we tune the access control, this can become a very powerful tool with trustworthiness and scalability to bounce.
Private and Permissioned blockchain. Does this sound a lot like a fancy name for a distributed ledger technology? No, it’s not. The value a privately managed, fully-permissioned blockchain brings over traditional databases is integrity through cryptographically signed history.
In the current times, Blockchain as technology is getting well worth the attention in the financial sector which is beyond bitcoin bubble. If we take a practical approach, carefully study the design and performance characteristics of each blockchain implementation, it can turn out to be a game-changer to use in Blockchain in Banking & Financial Services industry.
Moreover, some of the organizations are also investing heavily in such researches and tests conducted by startups to develop solutions based on the blockchain. With Private and Permissioned Blockchain entering the current scenario, a lot of problems could be solved while making the financial system more transparent, easy to access and reliable.
submitted by Interwork2018 to u/Interwork2018 [link] [comments]

Crypto Rollercoaster: Explaining the Recent Market Performance
Just when it appeared that the cryptocurrency market was about to bottom out just a fortnight ago (with Bitcoin reaching a reported 14-month volatility low), the market subsequently started displaying indicators of a directional shift.
Last week however, we saw a short-term appreciation in value. In typical crypto fashion it was just as rapid if not more so than the recent decline and Bitcoin, in particular, was observed to have exceeded “a key resistance level at $7,000 after breaking out of the $6,800 mark… crucial for the short-term recovery of Bitcoin.”.
Right now however, we are looking at what some mainstream media organisations have described as an ominous price-crash: if not full-blown ‘meltdown’.

Causation Between News and Value?

The reasons for the crash – like many before – are likely plenty, such as the theory of market manipulation by wealthy crypto-barons, amongst other interested parties.
Just looking at the news recently, we can identify a handful of reported events and moments which might have contributed, coincided with or preceded this rapid deppreciation in value. They include:

Looking at the Market

The large fall in value could be considered either a correction or a short relief. Either way, it is fair to say that if the market were to return to a more positive trajectory: we could expect the collective growth to be reflective year-over-year, exponentially.
Coinschedule (an “ICO listing and cryptocurrency portal”) recorded $3.695 billion total funds raised in 217 from 209 ICOs. By compairson, the same site records 500% times more investment this year (up until August 2nd, 2018) – with $17.489 billion gathered from 686 ICOs so far.
It is still important to bear in mind the sobering fact that a great number of ICOs and cryptocurrencies fail.

Additional Studies and Observations

Cezary Graf (AKA Crypto Poland) is a Polish blockchain enthusiast who recently shared a tweet which featured an image which depicted where ‘Bitcoin & The Crypto’ as a collective industry would place in Statista’s list of ‘The 100 largest companies in the world by market value in 2018 (in billions of U.S. dollars)‘.

Graf’s post only provided information from the first page and 10 entries of Statista’s list. This suggests that the total industry value is comparable with the likes of Apple, Alphabet, and Amazon (The Big A’s) – whose combined value is over $2471.1 billion.

Veering beyond these pages however and considering cryptocurrency’s overall market value has surpassed $262,5 billion. Comparatively it would fit it closer to 17th place – best resembling the following trio of financial industry giants.
Statista isn’t the only organization to perform and curate in-depth analysis of blockchain and the cryptocurrency investment market.
Back in 2017, PricewaterhouseCoopers (AKA PwC) performed an investigation into the same criteria – entitled ‘Global Top 100 Companies by Market Capitalisation, 31 March 2017 Update’ with similar results.

The Market Future & ICOs as a ‘Bubble’

Some of the great issues, conversely, plaguing the crypto market include fraudulent and scam ICOs: as well as honest projects which simply offer little to no value to justify their price or existence.
This is in addition to (and arguably supported by) an almost universal lack of effective regulations or standards to prevent such tokens, and has led to some going as far as to call ICOs an ‘investment bubble’.
If true, the space will prove unsustainable if it continues on its current trajectory: a claim which has been thrown around by those in the industry since at least the end of 2017. If, however, things continue as they are right now then we are likely to enjoy a profitable end of 2018.

Court of the Crypto Kings

No matter the market status: the value of many a cryptocurrency lies in their viability and practical effectiveness of their end-goals, and means of achieving them.
Bitcoin of course is the original cryptocurrency and has established its value through its integrity (public whitepaper and open-source nature), as well as it’s practical effectiveness and the rate of adoption it has enjoyed upon implementation.
Ethereum is arguably one of the most successful challengers to the BTC throne so far. The project helped to instigate the now-prevalent ‘Blockchain As A Service’ (BaaS) sector, and offers a platform upon which new utility tokens can be constructed – powered by ‘Ether’.
Lightning Bitcoin is an example of the new market contenders. One of many which offer a direct and highly competitive alternative to many of the key features associated with Bitcoin. According to their website: ‘LBTC’s utilitarian value as a tradeable currency is boosted by its speed and low-cost transaction fees.

Looking at New Securities

Security Tokens’ comprise a much newer field, which has been quoted to have contributed to the major crypto-crash back in January 2018. The first of these digital securities contracts were sold in December of the previous year and expired the following month – and thus, correlated with the market drop.
There has been a lot of news regarding security tokens over the past year, including attempts to either regulate or otherwise ensure a level of safety with regards to risk and fraud prevention, as well as protection of funds. These efforts come from a combination of governments and independent projects and organizations.
MOBU is one of these projects and seeks to utilize a proprietary utility token (the eponymous ERC20 ‘MOBU’) to power its “end-to-end solution for ICOs to launch compliant security tokens on the blockchain.”. Features of MOBU cited include KYC / AML compliance integration, enforced and maintained through Ethereum based smart-contracts.
This is in addition to what they call the “MOB20 protocol will define a set of commands that a compliant security token should implement.”

submitted by stutterisland13 to LightningBTC [link] [comments]

The Primary Drivers of Ecocide


In 2017, the myth of powering the world with 100% renewables has started to crack
Global demand for oil will continue to increase until 2040 says the IEA
The EU is emitting way more greenhouse gases than it says
UC Davis Peer Reviewed Study: It Will Take 131 Years to Replace Oil with Alternatives (Malyshkina, 2010)
At this rate, it’s going to take nearly 400 years to transform the energy system
University of Chicago Peer Reviewed Study: predicts world economy unlikely to stop relying on fossil fuels (Covert, 2016)
Solar and Wind produced less than one percent of total world energy in 2016 – IEA WEO 2017
Turbines Kill So Many Birds They’re Effectively an Apex Predator
Fossil Fuel Share of Global Energy since 1990 – BP 2017
Renewable energy ‘simply won’t work’: Top Google engineers
Top scientists show why powering US using 100 percent renewable energy is a delusional fantasy
IEA Sees No Peak Oil Demand ‘Any Time Soon’, WSJ
There Will Be An Oil Shortage In The 2020s, Goldman Sachs Says (CNBC)
Natural gas to become largest energy source by 2030 — IEA
Renewable Energy Is Surging, but Not Fast Enough to Stop Warming
Peak Conventional Oil In Ten Years
The Curse of Energy Efficiency
Vaclav Smil: “The great hope for a quick and sweeping transition to renewable energy is wishful thinking”
The Long Slow Rise of Solar and Wind – Vaclav Smil
Wind turbines are not helping with energy — they are consuming much more coal in their creation
Is Renewable Energy Renewable? – 100 min
Global Energy Demand & Carbon Emissions Increase In 2017
A new report finds that none of the negative emission technologies has the potential to deliver carbon removals at the gigaton (Gt) scale and at the rate of deployment envisaged by the IPCC, including reforestation, afforestation, carbon-friendly agriculture, bioenergy with carbon capture and storage (BECCs), enhanced weathering, ocean fertilisation, or direct air capture and carbon storage (DACCs).
Air conditioning will consume 100% of renewable energy by 2050
Large Hydropower Dams ‘Not Sustainable’
As Prairies Get Plowed for Biofuels, Greens Demand EPA Act

Mass Extinction

Humans are sleepwalking into a mass extinction of species not seen since the demise of the dinosaurs | The London Economic
World on track to lose two-thirds of wild animals by 2020, Guardian
The World Has Two Years To Secure A Deal To Halt Species Extinction Agriculture and overuse greater threats to wildlife than climate change, Guardian
Mass migration of species to cooler climes has profound implications for society, pushing disease-carrying insects, crop pests and crucial pollinators into new areas, Guardian
Researchers talk of ‘biological annihilation’ as study reveals billions of populations of animals have been lost in recent decades, Guardian
70% Of World’s Last Remaining Wilderness Is In Just Five Countries
The Extinction of Wilderness: The world’s untouched lands and oceans are rapidly disappearing, and scientists are calling for action
The Extinction Crisis, Center For Biological Diversity
How humans are driving the sixth mass extinction, Guardian
Earth’s Sixth Mass Extinction Has Begun, New Study Confirms
Only drastic action can save us from the sixth mass extinction
Insect Collapse, Guardian


Water shortages could affect 5bn people by 2050, UN report warns
By 2020 about 30-40% of the world will have water scarcity, and according to the researchers, climate change can make this even worse.
With only 7% of the world’s freshwater, China plans to produce 807 million gallons a day from desalination by 2020, roughly quadruple the country’s current capacity.
By 2025, an estimated 1.8 billion people will live in areas plagued by water scarcity, with two-thirds of the world’s population living in water-stressed regions.
There will be about 1 billion more mouths to feed worldwide by 2025 and global agriculture alone will require another 1 trillion cubic meters of water per year (equal to the annual flow of 20 Niles or 100 Colorado Rivers).
UN studies project that 30 nations will be water scarce in 2025, up from 20 in 1990.
According to the U.S. Intelligence Community Assessment of Global Water Security, by 2030 humanity’s “annual global water requirements” will exceed “current sustainable water supplies” by 40%.
Water demand in India will reach 1.5 trillion cubic meters in 2030 while India’s current water supply is only 740 billion cubic meters.
If current usage trends don’t change, the world will have only 60 percent of the water it needs in 2030.
By 2035, the world’s energy consumption will increase by 35 percent, which in turn will increase water use by 15 percent according to the International Energy Agency.
By the year 2040 there will not be enough water in the world to quench the thirst of the world population and keep the current energy and power solutions going if we continue doing what we are doing today.
The number of people living in river basins under severe water stress is projected to reach 3.9 billion by 2050, totaling over 40% of the world’s population.
Compared to today, five times as much land is likely to be under “extreme drought” by 2050.
Feeding 9 billion people by 2050, will require a 60 percent increase in agricultural production and a 15 percent increase in water withdrawals.
Water demand is projected to grow by 55 percent by 2050 (including a 400-percent rise in manufacturing water demand).
By 2050, 1 in 5 developing countries will face water shortages (UN’s Food and Agriculture Organization).
Between 2050 and 2100, there is an 85 percent chance of a drought in the Central Plains and Southwestern United States lasting 35 years or more.
If farmers in Kansas keep irrigating at present rates, 69 percent of the Ogallala Aquifer will be gone in 50 years.


Britain facing food crisis as world's soil 'vanishes in 60 years' - Telegraph
Only 60 Years of Farming Left If Soil Degradation Continues - Sciam
We need to protect the world's soil before it's too late - Popular Science
Soil erosion - Food and Agriculture Organization of the United Nations
We’re treating soil like dirt. It’s a fatal mistake, as our lives depend on it
Mass starvation is humanity’s fate if we keep flogging the land to death
75% of Earth's Land Areas Are Degraded (
Billions of people live on farmland that is deteriorating and producing less food


The livestock sector could take between 37% and 49% of the GHG budget allowable under the 2°C and 1.5°C targets, respectively, by 2030.
Toxic Oilfield Wastewater Used to Grow California Organic Food
Tropical rainforests may be near a tipping point beyond our control
SMARTPHONES = Earth Dead Faster Than Expected
Sorry, Earth, The Ozone Layer Isn't Healing Itself After All
The Earth-Space Battery And The Future of Life on Earth
40% of Amazon Rainforest Already destroyed !!!
Tropical Deforestation Is the Third-Biggest Carbon Emitter in the World
Inside the Amazon's deforestation crisis
Rivers in the Sky: How Deforestation Is Affecting Global Water Cycles
Palm Oil Was Supposed to Help Save the Planet. Instead It Unleashed a Catastrophe
The spiralling environmental cost of our lithium battery addiction
Air Pollution Is Killing Kids (


Bitcoin alone could push global warming above 2°C in 15 years
Going Nowhere Fast on Climate, Year After Year
Major natural carbon sink may soon become carbon source
Science education must reflect reality: We only have 12 years to stop climate change
Climate Change Causing More Severe Wildfires, Larger Insect Outbreaks in Temperate Forests
Uncounted fracking emissions means 2°C by 2030
Australian researchers says energy use per person points to 2C warming by 2030
Seafloor Is Dissolving Because of Climate Change
Scientists ponder risk of abrupt climate shift
Are we losing one of our biggest carbon dioxide sinks? Ocean Storms Could Alter Kelp Forest Ecosystems

Artificial Intelligence

A.I. will replace 50% of all jobs in 10 years A.I. will replace 50% of all jobs by 2025, a Swiss think-tank has warned Robot automation will 'take 800 million jobs by 2030' Doctors and lawyers will lose jobs to A.I. too

Species Feminization

Males of All Species are Becoming More Female
Pollution Causing Feminization of Males Across Multiple Species, The Independent
Environmental impact of estrogens on human, animal and plant life, Science Direct
Warming warning over turtle feminization, PhysOrg
Environmental Warming and Feminization of Sea Turtle Populations,
Demasculinization and feminization of male gonads by atrazine: Consistent effects across vertebrate classes, NIH
Are Endocrine Disruptors Blurring Issues of Gender? NIC
Background fish feminization effects in European remote sites, Nature
Endocrine Disruption Found in Fish Exposed to Municipal Wastewater, USGS
Evolution or Extinction of Men, Women's Health
Pharmaceuticals, Personal Care Products, and Endocrine Disruptors in Water


The impact of exposure to air pollution on cognitive performance, PNAS
Seniors and men are especially vulnerable to cognitive decline due to dirty air, Motherboard
Is air pollution making us stupider?
'Suppressed' EU report could have banned 31 pesticides worth billions, the report said pesticides are making us stupid, depressed and infertile, Guardian
Western diet cause reduced cognition, declining cognition and dementia, NIH
Too Much Screen Time Damages the Brain
What Screen Time Can Really Do to Kids' Brains
Your smartphone📱is making you👈 stupid, antisocial 🙅 and unhealthy 😷. So why can't you put it down❔⁉️, The Globe & Mail
Myopia Epidemic From Too Much Screen Time, Not Enough Sunlight


Non-stick Frying Pans Making Penises Smaller
Western Male Sperm Counts Down 60% in 40 years
Generational decline in testosterone levels observed, (2007) Helio
You're Not The Man Your Father Was, Forbes
Lower testosterone levels in men are related to depression, lethargy, weight gain and lower cognitive ability.
Millennial men are significantly weaker than their fathers, The Telegraph
Ship of Fools, Tucker Carlson,+lethargy,+weight+gain+and+lower+cognitive+ability.&source=bl&ots=gRWKRyp2MW&sig=y8tpuvyqW9v9AuN5CdXqz6x5PRI&hl=en&sa=X&ved=2ahUKEwianojPucXfAhWCiYMKHcjEBIkQ6AEwEXoECAwQAQ

Academic And Scientific Fraud

1,500 scientists lift the lid on reproducibility
Is the Peer Review Process a Scam? - enago academy
Let's end reviewer fraud - Publons
107 cancer papers retracted due to peer review fraud | Ars Technica
Peer review: a flawed process at the heart of science - Google Scholar
Why scientists need to do more about research fraud - Guardian
Canadian researchers who commit scientific fraud are protected by privacy laws - The Toronto Star
China cracks down after investigation finds massive peer-review fraud - science mag
The Bottom of the Barrel of Science Fraud - Neuroskeptic
Peer-Review Fraud — Hacking the Scientific Publication Process | NEJM
Scientific Fraud - EuroScientist journal
5 Common Types of Pharmaceutical Frauds You Should Know About!
Tribalization Tribalization. Why War is Coming
How America's identity politics went from inclusion to division
submitted by SuperMax33 to environment [link] [comments]

Bitcoin reports by banks

I am compiling a list of publicly available Bitcoin reports done by banks. Did I miss any?
Central banks
Commercial banks
submitted by bobthesponge1 to Bitcoin [link] [comments]

Bitcoin reports by banks [Update #1]

I am compiling a list of publicly available Bitcoin reports done by banks. Did I miss any?
Central banks
Commercial banks
submitted by bobthesponge1 to Bitcoin [link] [comments]

Any U of A people familiar with the blockchain and/or bitcoin?

I first heard about it in an F2013 BUEC class. A lot of organizations are looking into how this stuff will impact the way we live:
Even U of A Profs are writing about it.
Given how much technology has changed over the last decade or in your lifetime, what do you think blockchain/bitcoin's impact will be?
submitted by FlyingSheng to uAlberta [link] [comments]

Goldman Sachs: The Future of Finance (here are parts 1 and 3, can anyone find part 2?)

Part 1: The Rise of the New Shadow Bank
Part 3: The Socialization of Finance
Part 2: Redefining the Way We Pay in the Next Decade ????????????????????/?????
There was lots of news coverage of part 2:
But there's no pdf anywhere I can find. Anyone have it? Thanks!
submitted by icaaso to Bitcoin [link] [comments]

How Bitcoins can save us from the banks

TL;DR: money makes the world go 'round. buy bitcoins before the dollar collapses.
Global trends should be making everything cheaper, faster, and easier. But some things remain the same. Americans still aren't taught how to critically think in public schools. People across the globe are still hungry. Isn't it obvious that the people who make the rules, and the people who make the money - the people in charge - are not using this power and money for good?
The reason these problems still exist is simply that fixing them is not profitable. But "profitable" is soon going to be an outdated notion. Money won't matter, if we reach the point where the whole world has been stripped to the bare earth and a few giant corporations own everything. In that world, who'll give a shit what's profitable? Everyone's lives will be equally bad, except for those at the top.
The money system is controlled, collectively, by the bankers. (-1-, -2-) The banks create their profits by loaning money to companies and governments, creating debt. All that new debt has interest attached; the interest charges on the USA's debt, for the year 2010, were about half of the 2010 income tax revenue. (Right - half of 'our tax money' goes to the interest fees on Uncle Sam's credit card. After the other half is spent on other line items, there's still a couple trillion dollars worth of other bills. We've just been letting them pile up on the kitchen table for a couple of decades. See IOUSA, streaming on Netflix, or this data-packed site for further info on the USA's astronomical debt.)
The US is cheating right now by making more money to pay some of these debts. (The Fed is not part of the government. It's a private corporation whose shares are owned by... Surprise! More bankers - JP Morgan, Chase Manhattan, Goldman Sachs, etc. These are the owners who get half of our tax dollars each year. Remember when we had to bail these same guys out a couple years back, because they bet all the mortgages at a roulette table and lost all their money? Fun times!)
Understandably, other countries are grumbling about the US's unfair advantage. The dollar's value has just been dropping steadily since the Fed was invented 1933 - but since modern finance is based entirely on the dollar ('the world's reserve currency'), allowing the dollar to fail would be a very messy prospect. No countries have been willing to call us out on our shenanigans so far. But nothing good lasts forever; saying that the dollar can't fail is simply wishful thinking. Even the Council on Foreign Relations says that economically, we're no stronger than the rest of the G20.
Wouldn't it be nice to neatly sidestep this collapsing system? We might have a chance with "Bitcoins." Bitcoins are a cryptocurrency. They're anonymous, and transactions can't be chargedback. This means, that for the first time ever, we might be able to set up a real free market, free of meddling by banks and governments. Digital cash brings a paradigm shift - for example, since bitcoins are anonymous, the government can't look in your bank account to see how much tax money they can take. There's many interesting ramifications of this idea; for one, if you want to buy drugs anonymously with anonymous cash no one can stop you.
Bitcoins exist in a peer to peer network of clients, who run the Bitcoin software. All nodes talk to each other and follow an agreed-upon set of rules. These rules handle stuff like the exchange of bitcoins, preventing cheaters from spending coins that they don't own, and minting more money. The system seems pretty robust so far; and as more people use it, it gets stronger. There are 5.7 million bitcoins right now; worth about $0.75 each. The minting process will gradually slow down as the total supply of bitcoins approaches 21 million. I bought a couple hundred bitoins myself, because a) they're cool and b) if the system gets widely adopted, the value of each bitcoin will see some impressive gains.
See for the official client, for a much easier to use web client, for a wiki. Go buy some bitcoins before the dollar collapses. Follow @bitcoinnews, check out the forums and trade anything over the counter in #bitcoin-otc on There's also /bitcoin.
Technical details -
Bitcoin is based on public-key crypto. Imagine a big pool of bitcoins; and imagine that each one has a different lock on it. These locks are here to prevent coins from being spent without the matching key. Everyone can see and examine all of the coins and the locks, but the keys are secret... only the person with the key can unlock the lock and spend the coin. Bitcoins are digital cash - if you lose the key to the lock on your bitcoins, you have no way to ever get a new one to unlock the coin. It's like dropping change down a storm drain.
So, owning the key means that you effectively 'own' that coin. When a coin is 'spent,' the old lock and key are destroyed and new, different ones are created. The new owner gets the new key; now he 'owns' the coin because he's the only one who is allowed to spend it.
You spend bitcoins in "transactions." Let's say Alice owes Bob ten bitcoins for some data. Alice sends out a message to the network, saying 'I am transferring ownership rights of these coins to Bob'. From now on, Bob owns the coins. The system makes a note of this transaction, and a few minutes later, the transaction is recorded in a "block." Blocks are lists of recent transactions that prove the transfer of ownership. About 6-8 blocks are usually generated per hour, so each block generally contains about ten minutes of transaction history.
Every time a block is created, the creator is rewarded with some bitcoins. This is how bitcoins are created. There's a chain of blocks going all the way back to the first bitcoin that was created, in 2009; new bitcoins trickle in at a constant rate. (Over a period of decades this rate will slow to a trickle and stop; the total number of bitcoins that will ever exist is 21 million.)
The transaction record stored in the chain of blocks is complete. There is a hard record of every bitcoin transaction that has ever taken place. Clients can look through this history to check if a transaction is legitimate - if Alice sends Bob her bitcoins, the network as a whole will cry foul when she tries to send the same ones to Claire later. This prevents cheating, because anyone who tries to simply create new bitcoins out of thin air will be ignored, since there's no record of the coins existing.
However, note that until the Alice-Bob transaction is recorded in a block or three, ("confirmed,") it might be possible for Alice to send Claire the same bitcoins. In this case, the official ruling is, whichever transaction ends up in the next block counts as valid. (The nodes generating blocks will include the first transaction they receive, and ignore the later attempts.) Either Bob or Claire would get the bitcoins, the other would be SOL. So, to completely trust a transaction, you need to wait for the transaction to be confirmed.
Incidentally I am planning a cross country road trip next month funded entirely by bitcoins. Follow me on Twitter, it's going to be an epic adventure! I plan on making a podcast and blog about my travels (maybe a documentary too if I can get my hands on a camera.)
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