#9 – Hans Koning on DigiByte, Disintermediation & the Economy

Hans Koning on DigiByte, Disintermediation.

Hans Koning is the Chair of the DigiByte Foundation. He explains not only DigiByte, but also offers immense knowledge on the current economy and financial system. The DigiByte Foundation’s focus is to ensure there is a low barrier for entrants across the globe looking to join the new peer-to-peer system which gives power back to the people. In this discussion various topics were brought up such as: The current problem in the financial world, hyperinflation, the lack of trust in society being the main driver for decentralization, DigiByte offering the solutions to these problems, the economy, and much more.

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#15 – BriFitDance on Bitcoin and Our Duty to Spread Adoption
BriFitDance

https://vimeo.com/539882266 BriFitDance on Bitcoin and Our Duty to Spread Adoption BriFitDance is passionate dancer and singer who creates videos and Read more

#14 – John Kim: The Man Who Gave it All Up for Crypto
John Kim

https://vimeo.com/537429135/388bed04be John Kim: The Man Who Gave it All Up for Crypto In this episode you'll hear from John Kim Read more

#13 – Dr. Liam Anderson on International Politics, the World Order & Bitcoin

https://vimeo.com/535018475 Dr. Liam Anderson on International Politics, the World Order & Bitcoin. Dr. Liam Anderson is a scholar and professor Read more

#8 – Colin Miles on Zilliqa, Democratizing Finance & DeFi

#8 – Colin Miles on Zilliqa, Democratizing Finance & DeFi

Colin Miles is the Chief Commercial Officer and Co-CEO of Zilliqa – the world’s first public blockchain relying on sharding to allow high throughput and many transactions per second. This interview offers down-to-earth explanations on complicated topics in crypto as Colin breaks down in very simple terms what Decentralized Finance (DeFi) is, how tokenization works, and how blockchains and the Internet of Money will co-exist in the future to come. Colin explains how Zilliqa solves the scalability issues that Ethereum is currently experiencing, and we also discuss how Zilliqa along with the crypto industry will democratize finance – giving power to the people. This is by far one of my favorite interviews. You won’t want to miss this!

Follow our Team on Twitter:

  • @MrVigilanteBTC
  • @SanAxline
  • @Coin_Vigilante

#15 – BriFitDance on Bitcoin and Our Duty to Spread Adoption
BriFitDance

https://vimeo.com/539882266 BriFitDance on Bitcoin and Our Duty to Spread Adoption BriFitDance is passionate dancer and singer who creates videos and Read more

#14 – John Kim: The Man Who Gave it All Up for Crypto
John Kim

https://vimeo.com/537429135/388bed04be John Kim: The Man Who Gave it All Up for Crypto In this episode you'll hear from John Kim Read more

#13 – Dr. Liam Anderson on International Politics, the World Order & Bitcoin

https://vimeo.com/535018475 Dr. Liam Anderson on International Politics, the World Order & Bitcoin. Dr. Liam Anderson is a scholar and professor Read more

Job Issues Due to Pandemic? Say Hello to Federal Contracting

Job Issues Due to Pandemic? Say Hello to Federal Contracting

Over the current rising issues of COVID-19, many business places have either been forced to shut down, downsize, or have asked their employees to work from home. Unlike some, many people worldwide are facing hardship in terms of their financial situation, and working from home isn’t an option. Under the turmoil of trying to understand how to streamline business operations without risking oneself to the virus’s outbreak, many are turning towards digital currency. 

The major consideration rose when Chainalysis deployed a project for the FBI, consisting of a software contract for about $9,000 in 2015. Today, GSA or Federal contracting has steadily increased, creating a whole new market for the Cryptocurrency industry. 

According to a publication from Whitehouse.gov, a paper was issued in August 2019 describing the potential trend in federal and governmental spending. The paper further identified the major trends in the spending patterns, which appoints towards inflation. The Department of Defense and other governmental agencies spent the following in the last 3-4 years:

Sector  / Agency201620172018
Department of Defense38,06140,84442,521
Non- Defense Agencies52,21953,25053,168
Total90,28094,09495,688
(Federal spending in millions of dollars)

 [Source]

White House

With the upturn demand with merging technologies that introduce CYBER, CLOUD, AI, and now Cryptocurrencies, Federal software spending has grown substantially by 15%, to $9.1 billion.  

With a huge contribution from Pentagon’s Defense Healthcare Management System Modernization (DHMSM) and about half a billion on new commercial software purchases on SEWP V, the demand for federal contracting is sky-rocket-high. But that’s not all; the government is also interested in IT Hardware, Consultation, and outsourcing.  

 In the fiscal year of 2019, GSA contracts for IT hardware supply and demand grew by about 2.2%, with mostly small and medium-sized businesses accounting for much of that growth. With hardware requirements and obligations, CISA (Cybersecurity and Infrastructure Security Agency) rose to $200 million during fiscal 2019, which is an increment of about a huge 66%.  

Consultation, of course, is by far a necessity, and therefore no business can proceed without one. The federal and local governments’ analysis and acquisition requirements rose by about 20% in the defense sector.

Outsourcing has always been a primary method to save an extra buck. The government to outsource a range of IT services, including management and system integration, all increased about 7% in small and medium-sized agencies, while a retained deflation continued at the DOD. Collectively, projects associated with the 2020 Census have aided the interest in the Commerce Department’s IT outsourcing, responsible for about 80% to a rough estimation of about $1.8 billion from the fiscal year of 2018 till 2019.

According to federal spending, exceptional growth took place during the fiscal year of 2019, a sharp increase of about 22%, with most projects required by the ARMY, DISA, and US Immigration and Customer Enforcement (ICE), and USCIS (US Citizenship and Immigration Services.

While Chainalysis remain ahead of most of the competition, it is due to the lack of agencies that provide government agencies or federal agencies. Under the scope of such, it is ideal to consider the verticals of striking a GSA contract, which can be valuable in the long run.  

Although the local markets may be experiencing a downturn, some markets still hold hope, especially those specializing in providing solutions and/or software applications for one or more of the aforementioned sectors related to information technology.  

About the WashingtonPost, the majority of the United States economy was held together through small and medium-sized businesses. According to the Post, although Congress has guaranteed a budget allocation of $700 B in hopes of supporting them, the thoughtful consideration may not be substantial for the long if the virus continues to thrive. Instead, small and medium-sized businesses ought to consider the verticals of cryptocurrency association alongside their business structures, respectively, to survive the 2020 and the unknown 2021 year to yet approach.

Final Conclusion 

While the pandemic situation nearly has the world in quarantine, the possibilities of streamlining new means of revenue could be situated in with Federal and local governmental contracting. Usually, such contracts are summoned for several years, with about six months at a minimum per contractual term. Like Chainalysis, the business enthusiast should consider diving into the realm of deploying Cryptocurrency services to government and federal agencies, as it is a solid solution to sustaining and further business expansion towards growth.

#9 – Hans Koning on DigiByte, Disintermediation & the Economy
Digibyte cover

https://vimeo.com/521143824 Hans Koning on DigiByte, Disintermediation. Hans Koning is the Chair of the DigiByte Foundation. He explains not only DigiByte, Read more

#8 – Colin Miles on Zilliqa, Democratizing Finance & DeFi
Zilliqa cover

https://vimeo.com/521143470 #8 - Colin Miles on Zilliqa, Democratizing Finance & DeFi Colin Miles is the Chief Commercial Officer and Co-CEO Read more

Why is the World Moving to Cryptocurrencies?
Bitcoin Ethereum Litecoin

Introduction One of the first cryptocurrencies to ever emerge was Bitcoin, which was introduced alongside the blockchain. It is a Read more

Why is the World Moving to Cryptocurrencies?

Why is the World Moving to Cryptocurrencies?

Introduction

One of the first cryptocurrencies to ever emerge was Bitcoin, which was introduced alongside the blockchain. It is a decentralized system without a centralized authority, meaning that nobody owns such a platform. These sets of blocks are encrypted with codes and essential information regarding a specific set of transactions between two or more individuals. A perfect example is a Bitcoin block that contains information about the receiver, the number of bitcoins to be transferred, and information about the sender. These sets of information are then encrypted and added to the everlasting loop of the blockchain. This still leaves one question to mind; how does one verify such transactions to be accurate or not?

Miners or a pool of miners use computational hashing power to crunch the numbers and determine whether or not such a block containing the information is accurate. Upon verification, usually, the miner or the pool of miners gets a reward for mining. While the blockchain emerged as a simplified solution to make transactions across the world without any restrictions or boundaries, the platform alone had opened new doors to businesses worldwide. Since then, innovative initiatives have enabled enthusiasts to “think-outside-of-the-box,” positioning their business to challenge and venture into new business endeavors.

As a result, we are starting to see that many businesses have opened their doors to accepting payments in the form of digital currencies. Likewise, they have also opted for the ability to make payments via cryptocurrency. In this post, we will be highlighting and emphasizing the critical reasons why cryptocurrencies are taking over the world!

Benefits of crypto

The Benefits of Cryptocurrencies

Transactions

When we consider the traditional and receiving of financial assets, one may find it rather difficult to cope with. Conventional brokers, agents, and legal representation can cause stir complications and additional expense to what should otherwise be direct and straightforward, minus the burden. Documentations, fees like brokerage, commission structures to follow, and or other conditions could apply, thus depending on which platform has been opted for in the first place. However, under the spectrum of cryptocurrencies, transactions are considered personal. Transactions are conducted on a peer-to-peer networking structure, eliminating any other related parties. Collectively it allows the “involved parties in the transaction” to be able to process and transact without any delay, interruptions, or guidelines to follow. Because of the blockchain structure, essential information helps individuals identify accurate information on the involved parties.

Asset Transfers

Using cryptocurrency contracts can be tailored to any outsider’s approval, abstract valuable data and facts, or further automated to transact specific transitions under a specified schedule.

Confidentiality

Traditional bank systems usually generate well-documented information regarding such transactions. Under a cash or credit system, a carbon copy is made, providing the banks with information like transaction history, the amount, date, time, and the names of the parties associated with the dealings. Some complex business transactions can sometimes require examining your financial history, creating difficulties altogether, and considering a longer process.

Another one of the great advantages of cryptocurrency is that each transaction you make is a unique exchange between two parties, the terms of which may be negotiated and agreed upon in each case. What’s more, the exchange of information is done on a “push” basis, whereby you can transmit exactly what you wish to send to the recipient – and nothing besides that. Through these means, privacy is optimized.

No Transaction Fees

If you operate a business that requires multiple daily processing transactions, like writing checks, transferring money, and opting for the bank’s services or products, it can add a toll on your banking expenses.

Over time, businesses have learned that a decentralized system provides the leverage of either remote or separate operators (miners or mining pools) that utilized computational power to hash out the number or code association to such transactions to validate. Unlike banks that usually charge a fee to conduct an audit, businesses no longer pay additional fees to have these transactions verified.

However, for a business to maintain its cryptocurrencies, such as using a third-party platform to manage its crypto wallets, it may involve fees. Still, it is not a greater sum as compared to banks. As a result, cryptocurrency like Bitcoin has been widely adapted simply because it provides a business the leverage to conduct transactions multiple times, without any limitation. It saves the businesses money on auditing, verification, or the need to set up a network for security in the long run.

A Great Example

Italian Bank Launches Bitcoin Trading During the Pandemic Lockdown!
The reality of COVID-19 has, without a doubt, affected the lives of millions around the world, resulting in an economic disaster. In an attempt to revive Italy’s financial sectors, Banca Sella, a large Italian bank, has launched a bitcoin trading platform through Hype. With businesses, public places forced to a total shutdown, and the push for social-distancing has stirred millions into a financial crisis. The bank considered the bitcoin trading platform as a rival plan. With an already thriving customer user base of 1.2 million residents of Italy, providing the bitcoin platform during the lockdown should be able to turn things around for Italy, specifically relating to its financial sectors.

The World Is Adapting

Italy has proven one significance: regardless of a pandemic lockdown, businesses can continue, resume business normally, and that is a relieving fact. Cryptocurrency operates online without the need to conduct transactions face-to-face. As a result, Italy has inspired business enthusiasts to consider the advantages provided by cryptocurrency. The future of crypto seems promising. Technology continues to advance, streamlining methods to simplify transactions and still providing benefits for any given business.

#coinvigilante

www.coinvigilante.com

#9 – Hans Koning on DigiByte, Disintermediation & the Economy
Digibyte cover

https://vimeo.com/521143824 Hans Koning on DigiByte, Disintermediation. Hans Koning is the Chair of the DigiByte Foundation. He explains not only DigiByte, Read more

#8 – Colin Miles on Zilliqa, Democratizing Finance & DeFi
Zilliqa cover

https://vimeo.com/521143470 #8 - Colin Miles on Zilliqa, Democratizing Finance & DeFi Colin Miles is the Chief Commercial Officer and Co-CEO Read more

Job Issues Due to Pandemic? Say Hello to Federal Contracting
Federal contracting

Over the current rising issues of COVID-19, many business places have either been forced to shut down, downsize, or have asked their Read more

Why Do Stock Prices Go Up And Down?

Why Do Stock Prices Go Up And Down?

By: Harry Hooper

I’ll give you the short answer first!

Stocks go up because more people want to buy than sell. When this happens they begin to bid higher prices than the stock has been currently trading. On the other side of the same coin, stocks go down because more people want to sell than buy. In order to quickly sell their shares, they are willing to accept a lower price

Having said this, we’ll take a look at the various reasons that cause traders to want to buy or sell a stock.

It is possible to look at the financial statements of a company and determine what the company is worth. Investors who take this approach are said to examine the company’s “fundamentals”. They attempt to find an undervalued stock – one that is trading below it’s “book value”. They feel that sooner or later other traders will realize that the company is worth more than the current price and begin bidding it up.

Another investment psychology it called the “technical approach”. This is when traders closely examine charts of the stock’s past performance looking for trends that they feel will be repeated in the near future. These traders also look at what is happening in the market as a whole trying to anticipate the effect it will have on an individual stock.

Sometimes companies trade at half their “book value” while at other times they may trade at double, triple, or even higher. When this happens it can create some sudden and large price swings. This volatility is what makes it possible to make large profits in the market. It is also responsible for huge losses.

The stock market is essentially a giant auction where ownership of large companies is for sale. If some investors think that a particular company will be a good investment, they are willing to bid the price up. By the same token, when many investors want to sell a stock at the same time the supply will exceed the demand and the price will drop.

Watching the stock market can be likened to watching a ball bounce. It goes up and comes down and then goes right back up. This can be extremely frustrating for many investors who want it to go up in a steady pattern. It is this volatility in the market as a whole and in the individual stocks that the experienced trader profits from. In the absence of a lot of experience, the individual investor needs a proven source of information and direction. The daily stock market recommendations from www.stock4today.com can supply this need.

Many investors (as opposed to traders) have a “buy and hold” philosophy. This would work well in a constantly rising market. Unfortunately, the stock market does not go up in a straight line. There are ups and downs that frustrate this type of investor. Today many investors have become “traders” who buy and sell on the fluctuations of the market and the individual stocks. These traders make money in any market – up or down!

Another well known investment site www.fool.com lists the following reasons for stocks going up and down:

Why Stocks Go Up

* growing sales and profits

* a great new president hired to run the company

* an exciting new product or service is introduced

* more exciting new products or services are expected

* the company lands a big new contract

* a great review of a new product in the press or on TV

* the company is going to split its stock

* scientists discover the product is good for something else

* some famous investor is buying shares

* lots of people are buying shares

* an analyst upgrades the company, changing her recommendation from, for instance, “buy” to “strong buy”

* other stocks in the same industry go up

* a competitor’s factory burns down

* the company wins a lawsuit

* more people are buying the product or service

* the company expands globally and starts selling in other countries

* the industry is “hot” — people expect big things for good reasons

* the industry is “hot” — people don’t understand much about it, but they’re buying anyway

* the company is bought by another company

* the company might be bought by another company

* the company is going to spin-off part of itself as a new company

* rumors

* for no reason at all

Why Stocks Go Down

* profits slipping, sales slipping

* top executives leave the company

* a famous investor sells shares of the company

* an analyst downgrades his recommendation of the stock, maybe from “buy” to “hold”

* the company loses a major customer

* lots of people are selling shares

* a factory burns down

* other stocks in the same industry go down

* another company introduces a better product

* there’s a supply shortage, so not enough of the product can be made

* a big lawsuit is filed against the company

* scientists discover the product is not safe

* fewer people are buying the product

* the industry used to be “hot,” but now another industry is more popular

* some new law might hurt sales or profits

* a powerful company enters the business

* rumors

* no reason at all


Author Bio

Harry Hooper has over 30 years experience in portfolio management. He is the senior stock tracker for http://www.stock4today.com.


Article Source: http://www.ArticleGeek.com – Free Website Content

Investing in the Stock Market for the Individual Investor
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Federal contracting

Over the current rising issues of COVID-19, many business places have either been forced to shut down, downsize, or have asked their Read more

Why is the World Moving to Cryptocurrencies?
Bitcoin Ethereum Litecoin

Introduction One of the first cryptocurrencies to ever emerge was Bitcoin, which was introduced alongside the blockchain. It is a Read more

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