Category Archives: Business

Alibaba Deploys Blockchain to Secure Health Data in Chinese First

Alibaba is partnering with Chinese authorities to launch the country’s first application of Blockchain technology in the medical sector.

Taking place in the city of Changzhou, Ali Health will work with local government to use Blockchain to secure data in a pioneering approach.

“Ali Health’s Blockchain technology connects information by using our current equipment and systems,” Zhang Zhihong, director at Zhenglu Town Health Center in Changzhou told local news resource Yicai Global.

“It is cost effective and safe. With Blockchain, health centers and district hospitals are interconnected so that the people can enjoy convenient medical services.”

Full details of the scheme are still forthcoming, but will involve creation of “a number of data security nets” and storage of data in ciphertext with “strict access controls and operational privileges.”


The move is just the latest state-sanctioned Blockchain experiment to get the green light in China, this week also seeing tax processes begin working with the technology.

Worldwide, an increasing number of countries have turned to Blockchain for medical record security, including Estonia and most recently India.

The latter this month announced a joint partnership with City University London to create a consortium to study how the technology can protect healthcare and Internet of Things infrastructure in the wake of the WannaCry cyberattacks.

When ransomware attackers struck in May, the UK’s National Health Service was paralyzed due to insufficient security and extensive use of legacy hardware and software.



Tons of Coinbase users fled the platform after it rejected bitcoin cash — now the $1 billion startup is in the center of a raging storm

The world of cryptocurrency is not exactly a calm place. And for Coinbase, one of the hottest and most valuable startups in the sector, this week’s remarkable news around bitcoin put the company in the center of a raging storm.

The big offense for Coinbase, which operates a platform for buying and selling cryptocurrencies like bitcoin, was its decision not to support bitcoin cash — the new cryptocurrency that was spun out of bitcoin this week.

Many Coinbase users unleashed their wrath, accusing the company of being everything from a scam to a tool for the National Security Agency. Some threatened to sue. The $1 billion startup also lost users in droves, with 12-hour wait times over the weekend as users scrambled to transfer their bitcoins to competitors that would support bitcoin cash.

The angry reaction, and the risk of a big loss of customers, raised questions about the future of what has been one of the crypto world’s biggest success stories.

For now, though, Coinbase’s backers aren’t sweating it. And they say they don’t anticipate the drama having much of an effect on the startup, which has been raising money on terms that would value it at roughly $1 billion.

“There’s no one on the board or any investor who doesn’t completely back the point of view that we should err on the side of safety and trust,” said Barry Schuler, a partner with DFJ, an investor in Coinbase.

“From an investor’s point of view, we invested in Coinbase because they have made a voluntary commitment to be regulated,” Schuler said, “and to focus on being trusted and safe — as safe as you can be in an experimental environment like this.”

Though Coinbase didn’t participate in Tuesday’s currency launch, Schuler said Coinbase could change its policy as early as next week, depending on how bitcoin cash matures.

Another Coinbase investor, Fueled founder Rameet Chawla, even suggested that Coinbase may increase the strength of the original bitcoin down the line by establishing faith in the legacy currency.


That’s because Coinbase’s conservative approach may make cryptocurrency more accessible to potential users who are afraid to dabble in technologically complex digital currencies.

“They’re a huge net positive on bitcoin, making it really easy on people who are not early adopters,” Chawla said.

Mass exodus of coinbase users

With 9 million users and $20 billion exchanged, Coinbase has its hands on a lot of the digital currency floating around. And while investors support Coinbase’s decision to sit out the initial bitcoin split, many customers felt betrayed by the company.

A scan of the Coinbase community forums shows a host of angry topics such as “What if Coinbase is NSA tool to destroy BTC (bitcoin cash)?” and “Dear Coinbase, if you not release my funds in 1h I am going to sue you.”

Coinbase wouldn’t disclose how many users withdrew bitcoins in anticipation of bitcoin cash’s arrival. But things looked rough. Coinbase users experienced delays of about 12 hours on withdrawals over the weekend because of the number of people moving bitcoins.

Despite this, sources close to the situation said the company expected to see many people return to Coinbase while simultaneously storing newly acquired bitcoin cash in a different digital wallet.

“Ultimately, Coinbase is an exchange for buying bitcoin, but people are free to use their own wallets and take control of their wallets anyway they want,” Chawla said.

The ‘hard fork’

The introduction Tuesday of bitcoin cash was known as the “hard fork.” It resulted in a cloned currency with different technological protocols from those of the original bitcoin. The fork was a means of dealing with disagreements in the bitcoin community over how to evolve the technology to handle increased demand.

The hard fork followed a process similar to cell division in biology, in that the two currencies were the same at the point of division but will pursue different paths moving forward.

Users storing their bitcoin in a digital wallet that accepts bitcoin cash on Tuesday found themselves with a bitcoin cash coin for every bitcoin they had at the time of duplication. Bitcoin and bitcoin cash do not have the same value, however, so duplication is not the same as a doubling in worth.

Why Coinbase sat out on bitcoin cash

In a statement on Twitter on Tuesday, Coinbase CEO Brian Armstrong wrote that the company was agnostic to which currencies its users trade and that it was not opposed to adding new assets in the future.

“Our goal is to be the safest, most trusted and compliant, and easiest to use,” Armstrong wrote. “Not the first to market with new assets. Especially at scale, it takes time to ensure any new asset we add is well tested and secure.”

Generally speaking, Coinbase isn’t quick to take on new currencies. Founded in 2012, the exchange still trades only bitcoin, ether, and litcoin — all digital currencies the team has deemed stable and technically secure enough for an amateur investor to put money into.

We have made this decision because it is hard to predict how long the alternative version of bitcoin will survive and if Bitcoin Cash will have future market value.

So it was of little surprise to those close to the company when it issued a statement last week advising that customers who want to access both bitcoin and bitcoin cash would need to withdrawal from Coinbase by this past Monday.

“We have no plans to support the Bitcoin Cash fork.” David Farmer, the director of business development at Coinbase, wrote. “We have made this decision because it is hard to predict how long the alternative version of bitcoin will survive and if Bitcoin Cash will have future market value.”

Users were irked because Coinbase’s decision not to accept bitcoin cash meant that anyone with bitcoin stored in Coinbase’s digital wallet would not receive what many saw as free bitcoin cash.

Others were concerned that Coinbase would secretly keep the bitcoin cash that was generated Tuesday. In a statement last Friday, however, the company denied that this would happen.

“Coinbase would not keep the bitcoin cash associated with customer bitcoin balances for ourselves,” the company posted on Twitter.

Investors like Schuler, however, saw the Coinbase’s trepidation as part of its core business strategy.

“The whole cryptocurrency-blockchain space is a bit like the Wild West right now — just like the beginning of the internet,” Schuler said. “But slowly and surely, it’s becoming institutionalized. Coinbase represents that — being legitimate and offering as much trust and safety as possible.”


Litecoin Predicted As One Of The Best Investing Options – Bright Future For LTC Investors

As recommended in a lately-published article in Seeking Alpha – Litecoin or known as “the silver to Bitcoin Gold” could be one of the best digital currencies investment asset to look out for.

If you are keeping an eye out for the recent development of digital assets prices, almost everybody noticed how Bitcoin (BTC) surged with no stop against the US Dollar to not reached heights before. As rumors, theories and analysis spread around it is predicted by many that Bitcoin, the first very famous cryptocurrency is near of reachiing mainstream adoption.

But do not be confused that only Bitcoin is a good option to buy into. That shows just how promising digital currencies could be and one more reason why to spread your portfolio.

Following Bitcoin, as a Second-option many point their finger towards Ethereum which with a 3,000 percentage point growth this year climbed its way as the second-largest digital currency in the market. As a factor that hoisted up its fame is that it can run Smart Contracts allowing to create dApps and progress blockchain technology.

The Silver in the community – Litecoin, by Geoffrey Caveney writer in Seeking Alpha should be considered as the third in position following the big two. His comment relate with the topic that keeping in mind it is one of the only three (Litcoin, Ethereum, Litecoin) that is being supported to be traded in the could-be most famous exchange platform right now: Coinbase.

“There are at least a half dozen other digital currencies out there that are about as big and well-known as litecoin, including several that have larger total market caps at the moment, so it’s a big deal that only litecoin is supported by Coinbase along with bitcoin and ethereum,” Caveney writes. But Coinbase’s approval is not the only reason to consider buying Litecoin, he adds.

So now for some time, taking over the media and crypto community was the activation of the Bitcoin scaling upgrade known as “Segregated Witness or SegWit“. This subject was around in the crypto world for more than 2 years now and it did get quieter when the SegWit activation was ‘Locked-in’ as it was part of the proposed SegWit2x. But there were those that did not follow this event so a ‘hard-fork’ was chosen and it activated on August 1. It was when Bitcoin Cash (BCH) was created with the Split of Bitcoin Blockchain Network.

But even that it was a code written and meant for the Bitcoin Blockchain, the firs to try it and activate it was Litecoin in May. The best side was that there was no war between the community so no split was needed and everybody was behind 100% the upgrading change.

This as supported by Caveney shows that the following and smaller cryptocurrency is more adaptive to upgrades and improvements being the first one to do it than the Gold-counterpart at which the community had to be parted and the drama continued.


Analyzing its Roadmap, you will eventually see how clear Litecoin Future is and for what of an example it should be taken. It is on its way of adding Lightning network [which will improve the scalability of transactions] and investigating anonymous smart contracts.

So while Bitcoin is dominating the crypto space at the moment, Litecoin is also worth paying attention to.

Caveney stated:

“A small slice of litecoin, say half of 1% of your portfolio, is worth considering with the slice of profits you may be taking on your bitcoin right now,”

  • In the last 24 hours Litecoin has increased 3.32 percentage points and it is being traded at the $44.69 level against the US Dollar with a $2,345 billion market cap. (from coinmarketcap)


This 25-year-old made a fortune in bitcoin — now he travels the world partying and plotting the future of money

Jeremy Gardner was returning from a safari in South Africa — where he flew out to attend AfrikaBurn, a regional Burning Man festival — when he came into cell service. He checked Twitter, where he follows other bitcoin watchers, to see how his investments were doing.

“I saw that bitcoin had broken like $2,500 — all the crypto assets had exploded in value,” Gardner told Business Insider. “And all of a sudden, my net worth in five days had doubled in value. That, to me, was nuts.”

Created in 2008, bitcoin is a new kind of payment system that allows people to buy things and send money with anonymity. There are no banks or middlemen. Transactions are recorded on a digital ledger called a blockchain.

Cryptocurrencies (of which bitcoin is the most popular) have been on a tear in 2017. Bitcoin surged in value from about $200 per coin in 2015 to above $4,000in August.

People like Gardner buys assets, called tokens, with the expectation that their value will go higher. At age 25, Gardner is a self-made millionaire.

“By dedicating my life to crypto assets and blockchain technology, I’ve made more money than I would have ever expected to make in my entire life — by a long shot,” he said.

He dropped out of college (twice), works part time at a venture-capital firm that invests in cryptocurrency-related companies (for a $0 salary), and travels the world evangelizing bitcoin.

crypto castle san francisco 1734

In 2013, a friend offered to buy Gardner some bitcoin in exchange for cash. He’d been following the controversy around Silk Road, an online marketplace that allowed people to use bitcoin mostly for “buying drugs off the internet and speculation,” according to Gardner.

It piqued his curiosity, and he bought in, turning his gains back into cash as fast as he could.

“There was this realization that I could — with just an internet connection— exchange value with anyone in the world who also has an internet connection,” he said. “No longer did I have to rely on a centralized intermediary, a troll under the bridge, such as a bank or a government.”

He turned most of his savings and stock holdings into cryptocurrency investments. Over a few months, Gardner became a true believer, branding himself a “bitcoin booster” on Twitter. In 2014, he founded the Blockchain Education Network, a network of cryptocurrency clubs at universities around the world.

Over the past few years, Gardner has planted himself firmly at the center of the global cryptocurrency community. In 2013, he launched a startup, Augur, a market-forecasting tool that runs on blockchain. The company raised $5.3 million in a crowdfunding campaign in 2015.

Today, he works a “fairly full-time gig” at Blockchain Capital, helping the firm source new investments in cryptocurrency-related companies and then advising those companies. His role as an entrepreneur-in-residence does not pay, but he receives “carry,” a share of the profits that the firm makes on investments. He’s also working on another startup in stealth mode.

As the value of bitcoin and other cryptocurrencies rises, Gardner’s net worth has climbed. He declined to share how much money he has made investing in digital currencies.

“For me, the price increases are kind of like ‘told you so’ moments. Like, I knew this was going to happen,” Gardner said. “It’s obviously cool when it happens very quickly, but every time it goes up really quickly, I expect it to go down very quickly … I’m in this for the long term.”

crypto castle san francisco 1723Residents of the Crypto Castle mingling during a holiday party. Melia Robinson/Business Insider

His investment gains subsidize his living in San Francisco, where he shares a three-story house with a half-dozen other tech entrepreneurs. The home, known among tenants as the Crypto Castle, is a landing pad for people working in cryptocurrency-related technologies.

“Over a half-dozen people in the time they’ve lived in my house have become millionaires as a result of crypto,” Gardner said.

He travels most weekends in a month to cities like New York, Los Angeles, Miami, and Hong Kong. When asked what his biggest living expense is, Gardner said, “Alcohol.”

“As I’ve seen my wealth grow, it’s important to me that I give back to this industry that’s given me so much,” he added. “So when we go to conferences, I’ll bring a bunch of people out and buy bottles at the club, pay for dinner and stuff.”

Gardner said coming into wealth had created a new set of challenges. His investments are split into several cryptocurrencies, so he has to pay closer attention to where his money is and how it’s managed, he said. He no longer attends networking events for cryptocurrency entrepreneurs because he will be bombarded with pitches and made uncomfortable.

There’s most likely a bubble in the market for cryptocurrencies, and some speculate it could burst. Gardner is stockpiling cash so he can buy up tokens when that happens.

Gardner believes mainstream adoption is only a matter of time. He expects bitcoin will reach a value of $10,000 per coin in the next five to 10 years.

“We’ve been told that it’s going to die so many times. And yet here it is, stronger than ever. I think there’s a certain sense of vindication if you were investing in this technology and people were calling you stupid for a long time,” Gardner said. “We’ve gone from a point where the success of blockchain was unlikely or infinitesimally small and is now guaranteed.”


Bitcoin Cash Is Now More Profitable to Mine Than Bitcoin

Bitcoin cash’s surge above $500 today is changing more than just the the net worth of its investors and users.

The rising price is also creating the incentive for miners to dedicate computing power to the bitcoin cash blockchain, one that could find them moving away from bitcoin. With the new push, bitcoin cash miners are making around 2% more mining on bitcoin than they do on bitcoin cash.

And that spread could further increase with an upcoming adjustment on bitcoin cash that will make it even easier to mine.

Block 479,808 (set for this weekend) will likely trigger a difficulty adjustment downwards 50%, and if the prices of bitcoin and bitcoin cash stay the same, this means miners will make almost double on bitcoin cash what they would on bitcoin.

However, even with this threshold met, not all things are equal on both chains.

The bitcoin blockchain charges higher fees on transactions, so miners must take into account the extra 1.5 BTC per block on bitcoin (about $6,000 USD). By comparison, bitcoin cash has very low fees (typically under $50 USD).

Lastly, depending on the block times, bitcoin currently gets the 100 confirmations needed to spend the mining reward faster than bitcoin cash. (Currently, bitcoin takes about 17 hours and bitcoin cash takes about 34 hours).

Further, combined with the higher liquidity, bitcoin may still emerge as more attractive to mine at the moment.


How To Start a Blog

So below, I’m going to outline exactly what you need to do to get started and set up your own personal blog. Before we dive in though, I really want to talk about WHY you should build a blog.

Note: If you already have a solid idea of the whys, then skip this and go right ahead with the guide.

  1. Blogging has quickly become one of the most popular ways of communicating and spreading information and news. There are literally millions of blogs online (don’t worry, you can make yours stand out and get noticed!).
  2. It’s a great way to express yourself and also a fantastic way to share information with others.
  3. You become a better person and a better writer.
  4. The best reason? You can make money doing it!

I bet you already knew all of that, but it’s nice to be reminded.

One very last thing before we get started:

The Steps Covered In This Blogging Guide

It’s nowhere near as difficult as setting up a website from scratch (there’s very little technical ability needed here). In fact, there’s no coding required by you. Good news, huh?

How to Start a Blog in 5 Steps:

There’s five main steps you need to do in order to start a blog. If you follow this guide exactly, you’ll have your own blog set up in 30 minutes or less.

  1. Choose your preferred blog platform
  2. Choose web hosting for your blog
  3. Setting up a blog on your own domain
  4. Design your blog
  5. Useful resources for blogging

So, we made it. Phew. Better late than never! So, without further ado, let’s jump into step 1.

Step 1 – Choose your preferred blogging platform

Choosing where you want to build blog is pretty much the first thing you have to do. I’m going to take a leap and assume you’ve heard of WordPress, and this is the platform I advocate. It’s massive.

It’s by far one of the biggest blogging platforms in the world, with countless plugins and add-ons and almost infinite ways to design and layout your blog.

There are more than 82 million active users of WordPress = a lot, basically.

There are other alternatives however, and they are listed below:

  • Blogger – Definitely the next best thing to WordPress.
  • Tumblr – Half social network, half blog. Interesting, and very simple to use.

Even though WordPress is bigger (and probably better) than those two, here are my reasons why you should still go with WordPress:

  1. Super easy set-up and is free to use
  2. Tons of free themes and layouts (I’m not kidding, there’s gazillions).
  3. There’s a massive support forum in case you get stuck (you won’t, but it’s nice to have it there if you need it).
  4. Your blog will be insanely fast and it’ll also look Functionality and form – perfect!
  5. People can interact with you easily. Your content can be shared, commented on, and so on.

Here’s an article about different blogging platforms (including WordPress), give it a read:

How to Choose a Blogging Platform – (updated for 2017)

Now, Step 2 (see, we’re moving fast now!)

Step 2 – Self-hosting or a free alternative?

Whoa, slow down there! This is the biggest decision you’ll have to make before we go any further. You need to decide whether to pay for your blog or grab a free one.

WordPress, Tumblr and Blogger all offer free blogs for anyone. Awesome, right? It’s perfect for those of us who aren’t super serious about blogging. But it does have downsides:

1) You won’t be able to get your OWN domain name

On a free blog, your blog’s web address (your URL) will be butt-ugly. Like, really ugly. In short, create a free blog with any other the above free blog services and it’ll look like this:


I know, ugly right?

2) Limits and more limits

There are some limits to free blogs. You can’t fully monetize it, and you don’t have the possibility to upload all those videos and images you want to show everyone – it’s all limited. Worse still, you won’t even have access to the free themes offered by WordPress.

3) You DON’T OWN your blog

It might sound silly at first, but you don’t actually own your blog. It’s hosted on someone else’s web property and they can delete it if they want so. They have done so in the past, and keep doing it in the future. Which means all your hard work on your blog, all those countless hours of writing blog posts might be vanished within seconds. Sad…

On the other hand, with a self-hosted blog on your own domain name – you are the REAL owner of your blog. You’ll be able to name your blog whatever you want, for example “” or “ You can end it with .com,, .net, .org, or virtually any other web suffix. Add to that unlimited bandwidth for videos, images and content plus the free themes and you have a winning combo.

So how much is hosting and a domain name? Not as much as you’re thinking, fortunately. It usually works out to about $5 to $10 per month, depending on your hosting provider which is less than a couple of coffees.

If you still have questions, here’s some further information for you to look at:

  • Should I Choose a Hosted or Non-hosted Blogging Platform?

Step 3 – Start a blog on your own domain (if you chose self-hosting and a custom domain)

wordpress blogging platform

I’m going to push ahead based on the premise you’ve chosen WordPress, and if you haven’t, you should. Seriously, it’s the best.

If you’re still a little confused by what a self-hosted blog is, allow me to explain and how you can go about setting one up for yourself.

You’ll need to come up with a domain name you like and also choose a hosting company that can host your blog.

  • Domain: The domain is basically the URL of your website. Examples: ( is the domain), ( is the domain). See? Simple!
  • Hosting: Hosting is basically the company that puts your website up on the internet so everyone else can see it. Everything will be saved on there. Think of it as a computer hard-drive on the internet where your blog will be saved.

Personally, I use iPage (for my blog domain and hosting), and I’ve got nothing but good things to say about it. It’s probably one of the cheapest (less than $2.50 per month) hosting providers out there. A domain name will cost around $10-15 a year, but with iPage they throw that in for free :). Big smiles for that! They’re the providers I use for all of my blogs, including the one you’re reading right now.

If for any reason you don’t want to go with iPage, feel free to choose your own hosting company. Most, if not all of them, should have a “one-click” WordPress install solution on their admin panel.

That button will automatically install WordPress on your blog. Did I say it was simple or what?

All you need to do is sign up with iPage (or your chosen provider), choose your hosting plan and a domain name and look for the one-click WordPress install button on the admin panel.

WordPress essentials aren’t often needed, but I’d recommend whois privacy (that will keep all your personal details private) and definitely automated backups (this’ll save your website just in case anything fails or disappears, so you won’t lose any or very little of your blog).

Once WordPress is installed on your website, all you have to do to start blogging is go to your WP-Admin page usually and start writing by adding a new post.

At the start, the layout looks confusing, but it gets very understandable quickly. Don’t worry!

Step 4 – Designing your WordPress blog

Now, the fun bit.

Let’s make your blog look exactly how you want it to. To choose a new theme, you can either head to Appearance > Themes and install a free WordPress theme or you can head to a premium theme website like and buy a theme for around $40.

I usually choose something that looks professional and pretty easy to customise. WordPress also has this awesome feature that allows you to change themes with just a few clicks. So if you start getting tired of your current blog template, you can just switch to another one without losing any precious content or images.

Step 5 – Useful Resources For Beginner Bloggers

Bloggers come to blogging arena with varying degrees of online and social media experience, but we’ve all made more than a few newbie mistakes – there’s always room for more learning and improvement, whether you’re a beginner or you’ve been blogging for years.

These articles may help you avoid some of the growing pains when it comes to your first blog – enjoy!:


How Can Users Securely Withdraw and Store Bitcoin Cash

Only a handful of Bitcoin wallet platforms and exchanges are supporting Bitcoin Cash depositsand withdrawals. Bitcoin users who received Bitcoin Cash (BCH) after the Aug. 1 hard fork can utilize secure wallet platforms from Trezor, and BitGo to safely store BCH.

The Aug. 1 hard fork execution of BCH had minimal impact on the Bitcoin network. Since then, Bitcoin has been on an upward trend, achieving new all-time highs amidst rising demand from institutional investors.

However, Bitcoin Cash has struggled to demonstrate consistent growth.

Many Bitcoin exchanges and wallet platforms have expressed their reluctance in supporting BCH due to technical difficulties and issues.

As Cointelegraph previously reported, even Trezor, which released a beta BCH wallet immediately after the fork was completed, explained that the integration of BCH was significantly harder than the team expected.

In an official blog post, Trezor revealed some of the difficulties its development team faced:

“On the day of the fork, however, we started noticing odd things happening. During the maintenance of the BCH Bitcore server, we witnessed how the server started losing addresses and transactions. Addresses had negative balances, which should not be technically possible. This caused the initial delay in deployment, as we could not release a Wallet that would use corrupted data.”

So, which Bitcoin wallet platforms support BCH?

As of current,, BitGo and Trezor are supporting BCH deposits and withdrawals. Users that have been credited with Bitcoin Cash upon the execution of its hard fork can safely store BCH on the three wallets.

BitGo has integrated a user-friendly interface into its main cryptocurrency wallet platform due to overwhelming demand from BCH holders. Because many wallet platforms and exchanges like Coinbase refused to provide support for BCH, Bitcoin users that were credited with BCH requested prominent wallet platforms including BitGo to integrate support.

“Due to strong customer interest, BitGo will enable full support of Bitcoin Cash. You’ll soon find a new coin in the BitGo interface and be able to fully send and receive BCH from your BitGo wallet,” said the BitGo team. was one of the first wallet platforms in the industry to integrate full support for BCH users. Similar to BitGo, developed a specific user-interface for BCH users. The wallet

“As of Aug. 4, 2017, both current and new users can send, receive and store Bitcoin Cash in the Bitcoin Cash wallet. The Bitcoin Cash wallet is currently available as a web wallet, and can be best accessed from desktop,” revealed

Why were wallet platforms hesitant in providing support for BCH?

The Trezor development team, the operating team behind the most secure Bitcoin hardware wallet, best explained in its blog post as to why many Bitcoin wallet platforms including Coinbase were hesitant toward providing full support toward BCH.

During the roll out of Trezor’s BCH beta wallet and the launch of the full BCH wallet, Trezor struggled with bugs that led to the disappearance of transactions on user wallets.

Although the bugs were fixed later on through extensive investigation and development, Trezor noted that such bugs would not have transpired if the team had enough time to test BCH and the integration process.

“It is the lack of time to test applications, to discover and fix mistakes. If more time was available, we would have caught this bug during testing,” said Trezor.


Swiss Bank to Sell Ether and Bitcoin Cash to Customers

A private Swiss bank is expanding a digital asset management service it launched earlier this summer to include new cryptocurrencies.

Falcon Private Bank, as previously reported by CoinDesk, revealed that it would allow its customers to buy and hold bitcoin within their accounts through a partnership with brokerage service Bitcoin Suisse. The launch was said to come after consultations with Swiss regulators, including the Swiss Financial Market Supervisory Authority (FINMA).

Now, that product line is expanding to include ether, litecoin and bitcoin cash. Customers of the bank will be able to start buying and holding those cryptocurrencies from August 22, according to today’s announcement.

It’s a notable development, given that the initial service was brought online just over a month ago, marking the first time a traditional bank has moved to offer cryptocurrency services to its clients. As of last year, Falcon Private Bank had more than $14 billion in assets under its control.

“Falcon Private Bank was the first bank to offer bitcoin directly to its clients, and thus created history,” Bitcoin Suisse CEO Niklas Nikolajsen said in a statement. “Their decision to follow up by adding ether as well as other crypto-assets has made them the go-to private bank for crypto-asset holders and investors.”

At the time of its bitcoin service launch, Falcon also moved to install a bitcoin ATM in its Zurich headquarters.


Amazon Is Making Instant Pickup for Online Orders a New Option is rolling out pickup points in the United States where shoppers can retrieve items immediately after ordering them, shortening delivery times from hours to minutes, the company said on Tuesday.

The world’s largest online retailer has launched ‘Instant Pickup’ points around five college campuses, such as the University of California at Berkeley, it said. Amazon has plans to open more sites by the end of the year including one in Chicago’s Lincoln Park neighborhood.


Shoppers on Amazon’s mobile app can select from several hundred fast-selling items at each site, from snacks and drinks to phone chargers. Amazon employees in a back room then load orders into lockers within two minutes, and customers receive bar codes to access them.


The news underscores Amazon’s broader push into brick-and-mortar retail. The e-commerce company, which said in June it would buy Whole Foods Market (WFM, -0.12%) for $13.7 billion, has come to realize that certain transactions like buying fresh produce are hard to shift online. Its Instant Pickup program targets another laggard: impulse buys.

“I want to buy a can of coke because I’m thirsty,” said Ripley MacDonald, Amazon’s director of student programs. “There’s no chance I’m going to order that on and wait however long it’s going to take for that to ship to me.”

“I can provide that kind of service here,” he said of the new program.

Instant Pickup puts Amazon in competition with vending machine services. Yet the larger size of the Amazon sites means they are unlikely to pose a threat to those selling snack and drink vending machines to offices and schools. MacDonald said Amazon considered automating the Instant Pickup points but declined to say why the company had not pursued the idea.

Amazon’s ability to shorten delivery times has been a sore point for brick-and-mortar retailers, who have struggled to grow sales as their customers have turned to more convenient online options. Until Instant Pickup, Amazon shoppers could expect to have their orders within an hour at best via the company’s Prime Now program, or within 15 minutes for grocery orders via AmazonFresh Pickup. Amazon has made two-day shipping standard in the United States.

Instant Pickup prices may be cheaper than those on, MacDonald said. He declined to detail how the items are priced, however.

Other locations in the program now open include Los Angeles, Atlanta, Columbus, Ohio and College Park, Maryland.


JOHN McAFEE: Here’s why you can’t call bitcoin a ‘bubble’

There are innovations peppered throughout history that have changed human culture beyond recognition. One such innovation was the adoption of agriculture.

Prior to this adoption, the great thinkers within society struggled with how to determine when to break camp and move to more fruitful lands, how to limit the size of a village so that sheer numbers did not quickly deplete the available food in a new area, and how to design lodging so that could be quickly dismantled for a sudden move.

Imagine how these great thinkers must have struggled to comprehend a world in which the village never moved; where the size of the village was inconsequential; and where lodging was constructed of immovable stone. There would be nothing in their contextual understanding of their culture that would allow them to comprehend the end product of the emerging new world.

I believe that the blockchain is, even now, ushering in a new economic and social paradigm that will rival, if not exceed, the impact that agriculture had in human society.


The idea that has clouded the waters for many is the idea of “decentralization.” There has been much hype for dozens of years about the mind bending potential of decentralization but little if nothing has come of it. The reason is that no-one has been able to solve the problem of distribution required to power these decentralized system.

Distributed, decentralized systems have an inherent power that literally obsoletes centralized systems. this is obvious even to the most casual observer. We have known this for decades. It was not until the arrival of the blockchain, however, that we had a tool capable of melding “decentralized” and “distributed” into a single unit within which no central authority whatsoever was necessary. The distributed ledger, maintained by no-one, accessible to all and validated by consensus is the tool the world has been waiting for.

Those who understand this tool see immediately the absurdity of words like “bubble,” “investment,” etc. when applied to cryptocurrencies. These thought leaders use bitcoin to buy and sell and those who use bitcoin exclusively as a currency and use no other currency – and I personally know dozens who do so – could care less about what bitcoin is worth in dollars.

These people see, and have seen for some time, that the old paradigm constructs are meaningless in this new world.

It is like the first pueblo cultures being warned by their past sages that they will perish in their stone houses when it is time for the village to move. They understood that the concept of “moving” had no meaning in their new world.

Likewise, what people see as a bitcoin “bubble,” from the perspective of the new paradigm, is merely the predictable and systematic devaluation of fiat currencies that will continue, with obvious ups and downs, until all fiat currencies reach the zero point.

As the relative value of bitcoin temporarily drops, they will point to this as proof if their understanding. It won’t matter. The reality if this new world is what it is. Those who understand will be the leaders of this new world.