Bulls and bears have gone to war once more, with prices up and down, as well as sideways, as the market decides: now to where?
The mainstream media has begun their game. One headline says some long time expert no one has heard of predicts bitcoin will rise to $100,000. The next headline, side by side, says some long time Wall Street wiz predicts bitcoin will crash to $1,000.
A “nobel laureate” says bitcoin has to crash to nothing. Nassim Nicholas Taleb says “Bitcoin is an excellent idea.” Muh brain.
Bring in Nostradamus! “Did Nostradamus predict the Bitcoin price boom way back in the 16th century?” – asks the Metro, a free London tube paper read by anyone who is bored. And with that, we’re done. Shut it all down!
“Artificial intelligence (AI) and blockchain each, by contrast, spiked as priority areas,” says ComputerWeekly, reporting on the priorities of IT systems buyers in the UK, and across Europe, the Middle East and Africa (Emea), before adding:
“AI leapt from 8% to 18% as a priority area in the UK, and from 8% to 16% in Emea. Blockchain went from 3% to 6% as an investment priority area in the UK, and from 5% to 10% in the Emea region as a whole.”
With an agriculture giant, handling some $55 billion in yearly revenue, full of excitement after 5x savings in a test of the first blockchain based international agriculture deal, such increase in priority is not surprising.
But what might be surprising is that the aid sector is fully embracing this space. Including UNICEF itself, with a news report stating:
“The UNICEF Innovation Fund is looking to back early stage startups developing blockchain based solutions with ‘the potential to benefit humanity,’ offering up to US$90,000 in equity-free investment.”
We wonder what modern Nostradamuses have to say about it. But the South Korean government is now seemingly smelling the money:
“The government said Monday it will collect up to 24.2 percent of corporate and local income taxes from South Korea’s cryptocurrency exchanges this year,” local media reports.
That translates to more than $100 million per year, to the disappointment of neighboring countries who thought they might be gifted it, although perhaps they are stupid enough to do so nonetheless. We’ll have to wait and see.
“The Bitcoin boom is set to boost hiring in the City this year as financial companies race to stay ahead of the game in developing Blockchain technology, a leading headhunter has predicted,” says the Telegraph, Britain’s finer right of centre paper, before further adding:
“Recruiter Morgan McKinley claimed the “increasing need for blockchain and cryptocurrency” could boost the number of available jobs this year, with the boom in interest in cryptocurrencies such as Bitcoin driving demand for blockchain developers and technology specialists within the finance industry.”
The former prime minister, David Cameron, much loved by many in this space, had the foresight in 2014 to embrace blockchain tech. Now Britain reaps the rewards.
We say he, it was most probably the most astute British civil service. We still remember talking to them at the time, they were jumping up and down like puppies so happy they could speak to our media.
But, don’t tell Macron, the now self proclaimed socialist who told us back then he was right of centre.
Now, this is table chat roundup as you might have guessed by the featured image. We’ve received a couple of interesting press releases. One of them is about the increased interest of the charity sector in this space:
“Alter is a nonprofit with the mission of transforming the developing world through high growth entrepreneurship. Alter does this by finding the most promising ventures in developing countries and helping them scale, accomplishing what billions of dollars of aid have largely failed to do: building businesses, leaping over gaps in infrastructural development, and creating thousands of jobs locally.
Currently Alter is in four countries—Haiti, Afghanistan, Cuba, Myanmar—and is working with 17 ventures. Alter is excited to announce that they have just received a $1 million donation from the Pineapple Fund and a $2.5 million donation from the founder of Ripple, helping set the path for how cryptocurrency can redefine social investment.”
We’ll see what they’ll do with it. Especially if they can stand up to their claim they can do what billions of dollars can’t. So moving swiftly to another somewhat interesting press release.
Airfox. We covered them before in a full article because they apparently plan to create credit files of sorts through mobile phone communications on top of trying to reduce internet data prices for mobile users. They tell us in an update:
“Airfox, a financial services company providing the unbanked and underbanked in emerging markets with access to capital, today announced the expansion of its technology partnership with Pareteum Corporation (NYSE MKT: TEUM), a rapidly growing Cloud Communications Platform company.
Airfox will now provide hundreds of companies in Pareteum’s cloud communication platform with access to its AirToken mobile payments and microloan technology.”
It sounds like pretty much the stuff teens listen to, but a bit too niche perhaps, not quite… passionate, if we can put it like that.
There’s a lot more we haven’t covered, but until next time, god bless the free lands.