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Published in B&T Latest News 19 July, 2024 by The bizandtech.net Newswire Staff Comments Off on $100,000 Bitcoin Incoming, According to deVere Group CEO Nigel Green – Here’s Why

$100,000 Bitcoin Incoming, According to deVere Group CEO Nigel Green – Here’s Why

CEO of financial services firm deVere Group Nigel Green is predicting that Bitcoin (BTC) will soon hit six figures.

In a new video update, Green says that Bitcoin could hit $100,000 before the end of 2024, a more than 52% gain from the current value, due to increasing demand.

“Right now, Bitcoin is tipped to be perhaps the best-performing asset between now and the end of the year. Right now, Bitcoin is $60,000… They say it’s going to be over $100,000 by the end of the year. Is that logical? Well, it is possible. Why? Well, there’s a limited number of Bitcoin. There’s only 21 million Bitcoin.

So in other words, as demand goes up, and it is, then, of course, the price goes up as well. It’s not like something like the US dollar which they can just print more, or even shares where potentially people’s attitudes towards them change and profits are sometimes expected to be higher and come in lower than expected.”

He also says other potential bullish Bitcoin catalysts include the possible election in November of Donald Trump as the US president. The former US president and current Republican presidential nominee has spoken in favor of Bitcoin and other digital assets.

“Bitcoin is like a digital currency. Many people think, including Donald Trump, that it’s similar to gold… Donald Trump said himself he wants to make sure that America is the center of the crypto industry.”

Other reasons he believes the top digital asset by market cap “could do extremely well” include the demand from spot Bitcoin exchange-traded funds (ETFs) and global uncertainty.

“You’ve got ETFs. BlackRock for example, has bought $1 billion worth of Bitcoin for its ETF… Will [Bitcoin] go up in value? Well, it’s certainly expected to do so. Global uncertainty, which, of course, who knows what happens in the future, but we do live in an uncertain world, again, it tends to make more people invest in Bitcoin.”

Bitcoin is trading for $65,754 at time of writing, up 3.5% in the last 24 hours.

 

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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Generated Image: Midjourney

The post $100,000 Bitcoin Incoming, According to deVere Group CEO Nigel Green – Here’s Why appeared first on The Daily Hodl.

Published in B&T Latest News 19 July, 2024 by The bizandtech.net Newswire Staff Comments Off on CFPB Proposes Interpretive Rule to Ensure Workers Know Costs, Fees of Paycheck Advance Products

CFPB Proposes Interpretive Rule to Ensure Workers Know Costs, Fees of Paycheck Advance Products

The Consumer Financial Protection Bureau (CFPB) proposed an interpretive rule explaining that many paycheck advance products, sometimes marketed as “earned wage” products, are consumer loans subject to the Truth in Lending Act. The guidance will ensure that lenders “understand their legal obligations to disclose the… Read More

Published in B&T Latest News 19 July, 2024 by The bizandtech.net Newswire Staff Comments Off on JPMorgan Chase, Bank of America and Wells Fargo Customers Report Cascade of Failures As Banks Hammered by Massive Computer Outage

JPMorgan Chase, Bank of America and Wells Fargo Customers Report Cascade of Failures As Banks Hammered by Massive Computer Outage

US banks are scrambling to recover from a massive computer outage that’s disrupting financial transactions around the world.

Customers at JPMorgan Chase, Bank of America and Wells Fargo are reporting major, ongoing outages, according to the network tracking service DownDetector.

The historic outage, which has hammered banks, airlines outage and scores of other businesses, was triggered by the billion-dollar cybersecurity firm CrowdStrike, whose software is utilized on a global scale.

The issue triggered the infamous “blue screen of death” failures on Windows computers, and Microsoft says it’s working to get people back online.

“Yesterday, CrowdStrike released an update that began impacting IT systems globally. We are aware of this issue and are working closely with CrowdStrike and across the industry to provide customers technical guidance and support to safely bring their systems back online.”

Customers at major US banks are reporting login issues, online transfer issues and issues with deposits.

The outage has also impacted trading at JPMorgan Chase, reports the New York Times.

“Employees at companies including JPMorgan Chase and Instinet, a brokerage firm owned by the Japanese bank Nomura, had trouble gaining access to their work stations, according to people with knowledge of the matter who spoke on condition of anonymity. That led to delays in some trades as the companies rushed to find workarounds, the people said.”

The trading delays appeared to be resolved as of an hour ago.

Although CrowdStrike says the issue is not a hack and a fix has been rolled out, the outage sent the company’s stock spiraling as much as 15% in a matter of hours. The stock is now down more than 11% at time of publishing.

Don’t Miss a Beat – Subscribe to get email alerts delivered directly to your inbox



Check Price Action



Follow us on X, Facebook and Telegram



Surf The Daily Hodl Mix


&nbsp

Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Generated Image: Midjourney

The post JPMorgan Chase, Bank of America and Wells Fargo Customers Report Cascade of Failures As Banks Hammered by Massive Computer Outage appeared first on The Daily Hodl.

Published in B&T Latest News · Business Features 19 July, 2024 by The bizandtech.net Newswire Staff Comments Off on SEC Announces New Interagency Securities Council, Aims to Share information Between Federal, State and Local Anti-Fraud Actitivity

SEC Announces New Interagency Securities Council, Aims to Share information Between Federal, State and Local Anti-Fraud Actitivity

The Securities and Exchange Commission, Division of Enforcement, has issued a statement on the new Interagency Securities Council (ISC). This new entity aims to coordinate discussions on fraud and scams and share strategies to counter nefarious activities. The ISC is expected to meet quarterly. The… Read More

Published in B&T Latest News 19 July, 2024 by The bizandtech.net Newswire Staff Comments Off on Apple Dominates Wall Street’s AI Market, Samsung Not Far Behind.

Apple Dominates Wall Street’s AI Market, Samsung Not Far Behind.

Get in Front of 50k Tech Leaders: Grow With Us

The weekend has arrived — a perfect time for both enjoyment and introspection in our ever-busy world. In this edition, we explore how AI can foster deep, introspective thinking. We also cover the recent releases of more affordable models by Mistral AI and OpenAI and delve into how Apple is successfully selling AI to Wall Street. Enjoy this issue and have a wonderful weekend!

Published in B&T Latest News 19 July, 2024 by The bizandtech.net Newswire Staff Comments Off on Tokenizing Logistics Assets: How HEALE Leverages NFTs and SFTs to Represent Real-World Entities

Tokenizing Logistics Assets: How HEALE Leverages NFTs and SFTs to Represent Real-World Entities

In the ever-evolving landscape of logistics, the integration of digital technologies has become crucial for enhancing operational efficiency and transparency. HEALE, a pioneer in the sector, is leading the charge by harnessing the power of tokenization through Non-Fungible Tokens (NFTs) and Semi-Fungible Tokens (SFTs) to revolutionize the way logistics assets are managed and represented.

Understanding Tokenization in Logistics

Tokenization refers to the process of converting real-world assets into digital tokens on a secure and immutable ledger. In logistics, this means transforming physical assets such as shipments, storage capacity, and handling units into digital representations. This digital shift enables a more streamlined, secure, and transparent management process.

NFTs and SFTs: The Backbone of Digital Asset Representation

Non-Fungible Tokens (NFTs) are unique digital tokens that represent ownership or rights over a specific asset. Each NFT is distinct and cannot be exchanged on a one-to-one basis with another NFT, making them perfect for assets that are unique or have distinct characteristics. In logistics, NFTs can be used to represent individual shipments, providing a unique digital identity that can track the asset through every stage of the supply chain.

Semi-Fungible Tokens (SFTs), on the other hand, offer a hybrid approach. They can initially represent a batch of assets or units that are identical, allowing them to be exchanged within their group. However, once they are used or transferred in a certain way, they can become non-fungible. SFTs are ideal for managing logistics capacities, such as storage or shipping slots, where a batch of assets may start off identical but gain unique attributes over time.

HEALE’s Innovative Approach to Tokenizing Logistics Assets

HEALE leverages NFTs and SFTs to create secure and transparent digital representations of logistics assets. Here’s how HEALE’s system transforms the logistics industry:

  1. Shipment Tokenization with NFTs: Each shipment can be assigned a unique NFT, containing comprehensive details about the cargo, route, and handling conditions. This NFT travels with the shipment, updating its status and providing an immutable record that all stakeholders can access. This method ensures end-to-end visibility and enhances the security of the shipment.
  2. Capacity Management with SFTs: Storage and transport capacities are often standardized in logistics. HEALE uses SFTs to represent these capacities, allowing them to be allocated and managed efficiently. For instance, a shipping company might issue SFTs representing cargo space, which can be traded or allocated as needed. Once specific capacities are utilized, their SFTs can convert to NFTs, reflecting their new, unique status.
  3. Handling Units and Process Optimization: By tokenizing handling units (such as pallets or containers) with NFTs, HEALE enables precise tracking and management of these assets. Each NFT carries data about the unit’s history, condition, and ownership, which simplifies auditing and enhances accountability throughout the supply chain.

Benefits of Tokenizing Logistics Assets

  • Increased Security: Tokens on a decentralized ledger are highly secure, reducing the risk of fraud and unauthorized alterations.
  • Enhanced Transparency: Every transaction or change in status is recorded on the ledger, providing real-time visibility to all stakeholders.
  • Operational Efficiency: Tokenization simplifies asset management and streamlines processes, reducing paperwork and administrative overhead.
  • Improved Traceability: Detailed digital records enable accurate tracking of assets from origin to destination, facilitating quick responses to issues.

Conclusion

HEALE’s innovative use of NFTs and SFTs in tokenizing logistics assets marks a significant advancement in the industry. By transforming physical entities into secure digital representations, HEALE not only enhances the efficiency and transparency of logistics operations but also paves the way for a more integrated and dynamic future for supply chain management.

Tokenizing Logistics Assets: How HEALE Leverages NFTs and SFTs to Represent Real-World Entities was originally published in Coinmonks on Medium, where people are continuing the conversation by highlighting and responding to this story.

Published in B&T Latest News · Business Features 19 July, 2024 by The bizandtech.net Newswire Staff Comments Off on Messari CEO Ryan Selkis Steps Down After a Slew of Controversial Social Media Posts

Messari CEO Ryan Selkis Steps Down After a Slew of Controversial Social Media Posts

After 6.5 years as CEO, Selkis is passing the reins onto co-founder Eric Turner.

Published in B&T Latest News 19 July, 2024 by The bizandtech.net Newswire Staff Comments Off on Starbucks mobile ordering falls victim to the CrowdStrike BSOD outage

Starbucks mobile ordering falls victim to the CrowdStrike BSOD outage

New York City And Newark Daily Life And Economy
Photo by Jakub Porzycki/NurPhoto via Getty Images

Look, in the grand scheme of the global outage that’s wreaking havoc across airlines, banks, supermarkets, TV stations, and countless businesses, being unable to order a trenta iced coffee from Starbucks with my smartphone is a minor inconvenience. But you can add the company’s mobile ordering system to the list of casualties from this CrowdStrike BSOD situation.

I am now personally affected by this because I had to order my Starbucks latte verbally and stand in a line. Am I entitled to compensation? pic.twitter.com/ClVO81mIyK

— Sherrod DeGrippo (@sherrod_im) July 19, 2024

Starbucks is closed. pic.twitter.com/bsFwSgx155

— NoneShallPass (@bfrahm73) July 19, 2024

The Starbucks app itself is working, but the ability to order…

Continue reading…

Published in B&T Latest News 19 July, 2024 by The bizandtech.net Newswire Staff Comments Off on $100,000 Bitcoin Incoming, According to deVere Group CEO Nigel Green – Here’s Why

$100,000 Bitcoin Incoming, According to deVere Group CEO Nigel Green – Here’s Why

CEO of financial services firm deVere Group Nigel Green is predicting that Bitcoin (BTC) will soon hit six figures.

In a new video update, Green says that Bitcoin could hit $100,000 before the end of 2024, a more than 52% gain from the current value, due to increasing demand.

“Right now, Bitcoin is tipped to be perhaps the best-performing asset between now and the end of the year. Right now, Bitcoin is $60,000… They say it’s going to be over $100,000 by the end of the year. Is that logical? Well, it is possible. Why? Well, there’s a limited number of Bitcoin. There’s only 21 million Bitcoin.

So in other words, as demand goes up, and it is, then, of course, the price goes up as well. It’s not like something like the US dollar which they can just print more, or even shares where potentially people’s attitudes towards them change and profits are sometimes expected to be higher and come in lower than expected.”

He also says other potential bullish Bitcoin catalysts include the possible election in November of Donald Trump as the US president. The former US president and current Republican presidential nominee has spoken in favor of Bitcoin and other digital assets.

“Bitcoin is like a digital currency. Many people think, including Donald Trump, that it’s similar to gold… Donald Trump said himself he wants to make sure that America is the center of the crypto industry.”

Other reasons he believes the top digital asset by market cap “could do extremely well” include the demand from spot Bitcoin exchange-traded funds (ETFs) and global uncertainty.

“You’ve got ETFs. BlackRock for example, has bought $1 billion worth of Bitcoin for its ETF… Will [Bitcoin] go up in value? Well, it’s certainly expected to do so. Global uncertainty, which, of course, who knows what happens in the future, but we do live in an uncertain world, again, it tends to make more people invest in Bitcoin.”

Bitcoin is trading for $65,754 at time of writing, up 3.5% in the last 24 hours.

 

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Surf The Daily Hodl Mix


&nbsp

Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Generated Image: Midjourney

The post $100,000 Bitcoin Incoming, According to deVere Group CEO Nigel Green – Here’s Why appeared first on The Daily Hodl.

Published in B&T Latest News 19 July, 2024 by The bizandtech.net Newswire Staff Comments Off on CFPB Proposes Interpretive Rule to Ensure Workers Know Costs, Fees of Paycheck Advance Products

CFPB Proposes Interpretive Rule to Ensure Workers Know Costs, Fees of Paycheck Advance Products

The Consumer Financial Protection Bureau (CFPB) proposed an interpretive rule explaining that many paycheck advance products, sometimes marketed as “earned wage” products, are consumer loans subject to the Truth in Lending Act. The guidance will ensure that lenders “understand their legal obligations to disclose the… Read More

Published in B&T Latest News 19 July, 2024 by The bizandtech.net Newswire Staff Comments Off on JPMorgan Chase, Bank of America and Wells Fargo Customers Report Cascade of Failures As Banks Hammered by Massive Computer Outage

JPMorgan Chase, Bank of America and Wells Fargo Customers Report Cascade of Failures As Banks Hammered by Massive Computer Outage

US banks are scrambling to recover from a massive computer outage that’s disrupting financial transactions around the world.

Customers at JPMorgan Chase, Bank of America and Wells Fargo are reporting major, ongoing outages, according to the network tracking service DownDetector.

The historic outage, which has hammered banks, airlines outage and scores of other businesses, was triggered by the billion-dollar cybersecurity firm CrowdStrike, whose software is utilized on a global scale.

The issue triggered the infamous “blue screen of death” failures on Windows computers, and Microsoft says it’s working to get people back online.

“Yesterday, CrowdStrike released an update that began impacting IT systems globally. We are aware of this issue and are working closely with CrowdStrike and across the industry to provide customers technical guidance and support to safely bring their systems back online.”

Customers at major US banks are reporting login issues, online transfer issues and issues with deposits.

The outage has also impacted trading at JPMorgan Chase, reports the New York Times.

“Employees at companies including JPMorgan Chase and Instinet, a brokerage firm owned by the Japanese bank Nomura, had trouble gaining access to their work stations, according to people with knowledge of the matter who spoke on condition of anonymity. That led to delays in some trades as the companies rushed to find workarounds, the people said.”

The trading delays appeared to be resolved as of an hour ago.

Although CrowdStrike says the issue is not a hack and a fix has been rolled out, the outage sent the company’s stock spiraling as much as 15% in a matter of hours. The stock is now down more than 11% at time of publishing.

Don’t Miss a Beat – Subscribe to get email alerts delivered directly to your inbox



Check Price Action



Follow us on X, Facebook and Telegram



Surf The Daily Hodl Mix


&nbsp

Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Generated Image: Midjourney

The post JPMorgan Chase, Bank of America and Wells Fargo Customers Report Cascade of Failures As Banks Hammered by Massive Computer Outage appeared first on The Daily Hodl.

Published in B&T Latest News · Business Features 19 July, 2024 by The bizandtech.net Newswire Staff Comments Off on SEC Announces New Interagency Securities Council, Aims to Share information Between Federal, State and Local Anti-Fraud Actitivity

SEC Announces New Interagency Securities Council, Aims to Share information Between Federal, State and Local Anti-Fraud Actitivity

The Securities and Exchange Commission, Division of Enforcement, has issued a statement on the new Interagency Securities Council (ISC). This new entity aims to coordinate discussions on fraud and scams and share strategies to counter nefarious activities. The ISC is expected to meet quarterly. The… Read More

Published in B&T Latest News 19 July, 2024 by The bizandtech.net Newswire Staff Comments Off on Apple Dominates Wall Street’s AI Market, Samsung Not Far Behind.

Apple Dominates Wall Street’s AI Market, Samsung Not Far Behind.

Get in Front of 50k Tech Leaders: Grow With Us

The weekend has arrived — a perfect time for both enjoyment and introspection in our ever-busy world. In this edition, we explore how AI can foster deep, introspective thinking. We also cover the recent releases of more affordable models by Mistral AI and OpenAI and delve into how Apple is successfully selling AI to Wall Street. Enjoy this issue and have a wonderful weekend!

Published in B&T Latest News 19 July, 2024 by The bizandtech.net Newswire Staff Comments Off on Tokenizing Logistics Assets: How HEALE Leverages NFTs and SFTs to Represent Real-World Entities

Tokenizing Logistics Assets: How HEALE Leverages NFTs and SFTs to Represent Real-World Entities

In the ever-evolving landscape of logistics, the integration of digital technologies has become crucial for enhancing operational efficiency and transparency. HEALE, a pioneer in the sector, is leading the charge by harnessing the power of tokenization through Non-Fungible Tokens (NFTs) and Semi-Fungible Tokens (SFTs) to revolutionize the way logistics assets are managed and represented.

Understanding Tokenization in Logistics

Tokenization refers to the process of converting real-world assets into digital tokens on a secure and immutable ledger. In logistics, this means transforming physical assets such as shipments, storage capacity, and handling units into digital representations. This digital shift enables a more streamlined, secure, and transparent management process.

NFTs and SFTs: The Backbone of Digital Asset Representation

Non-Fungible Tokens (NFTs) are unique digital tokens that represent ownership or rights over a specific asset. Each NFT is distinct and cannot be exchanged on a one-to-one basis with another NFT, making them perfect for assets that are unique or have distinct characteristics. In logistics, NFTs can be used to represent individual shipments, providing a unique digital identity that can track the asset through every stage of the supply chain.

Semi-Fungible Tokens (SFTs), on the other hand, offer a hybrid approach. They can initially represent a batch of assets or units that are identical, allowing them to be exchanged within their group. However, once they are used or transferred in a certain way, they can become non-fungible. SFTs are ideal for managing logistics capacities, such as storage or shipping slots, where a batch of assets may start off identical but gain unique attributes over time.

HEALE’s Innovative Approach to Tokenizing Logistics Assets

HEALE leverages NFTs and SFTs to create secure and transparent digital representations of logistics assets. Here’s how HEALE’s system transforms the logistics industry:

  1. Shipment Tokenization with NFTs: Each shipment can be assigned a unique NFT, containing comprehensive details about the cargo, route, and handling conditions. This NFT travels with the shipment, updating its status and providing an immutable record that all stakeholders can access. This method ensures end-to-end visibility and enhances the security of the shipment.
  2. Capacity Management with SFTs: Storage and transport capacities are often standardized in logistics. HEALE uses SFTs to represent these capacities, allowing them to be allocated and managed efficiently. For instance, a shipping company might issue SFTs representing cargo space, which can be traded or allocated as needed. Once specific capacities are utilized, their SFTs can convert to NFTs, reflecting their new, unique status.
  3. Handling Units and Process Optimization: By tokenizing handling units (such as pallets or containers) with NFTs, HEALE enables precise tracking and management of these assets. Each NFT carries data about the unit’s history, condition, and ownership, which simplifies auditing and enhances accountability throughout the supply chain.

Benefits of Tokenizing Logistics Assets

  • Increased Security: Tokens on a decentralized ledger are highly secure, reducing the risk of fraud and unauthorized alterations.
  • Enhanced Transparency: Every transaction or change in status is recorded on the ledger, providing real-time visibility to all stakeholders.
  • Operational Efficiency: Tokenization simplifies asset management and streamlines processes, reducing paperwork and administrative overhead.
  • Improved Traceability: Detailed digital records enable accurate tracking of assets from origin to destination, facilitating quick responses to issues.

Conclusion

HEALE’s innovative use of NFTs and SFTs in tokenizing logistics assets marks a significant advancement in the industry. By transforming physical entities into secure digital representations, HEALE not only enhances the efficiency and transparency of logistics operations but also paves the way for a more integrated and dynamic future for supply chain management.

Tokenizing Logistics Assets: How HEALE Leverages NFTs and SFTs to Represent Real-World Entities was originally published in Coinmonks on Medium, where people are continuing the conversation by highlighting and responding to this story.

Published in B&T Latest News · Business Features 19 July, 2024 by The bizandtech.net Newswire Staff Comments Off on Messari CEO Ryan Selkis Steps Down After a Slew of Controversial Social Media Posts

Messari CEO Ryan Selkis Steps Down After a Slew of Controversial Social Media Posts

After 6.5 years as CEO, Selkis is passing the reins onto co-founder Eric Turner.

Published in B&T Latest News 19 July, 2024 by The bizandtech.net Newswire Staff Comments Off on Starbucks mobile ordering falls victim to the CrowdStrike BSOD outage

Starbucks mobile ordering falls victim to the CrowdStrike BSOD outage

New York City And Newark Daily Life And Economy
Photo by Jakub Porzycki/NurPhoto via Getty Images

Look, in the grand scheme of the global outage that’s wreaking havoc across airlines, banks, supermarkets, TV stations, and countless businesses, being unable to order a trenta iced coffee from Starbucks with my smartphone is a minor inconvenience. But you can add the company’s mobile ordering system to the list of casualties from this CrowdStrike BSOD situation.

I am now personally affected by this because I had to order my Starbucks latte verbally and stand in a line. Am I entitled to compensation? pic.twitter.com/ClVO81mIyK

— Sherrod DeGrippo (@sherrod_im) July 19, 2024

Starbucks is closed. pic.twitter.com/bsFwSgx155

— NoneShallPass (@bfrahm73) July 19, 2024

The Starbucks app itself is working, but the ability to order…

Continue reading…

Published in B&T Latest News 19 July, 2024 by The bizandtech.net Newswire Staff Comments Off on $100,000 Bitcoin Incoming, According to deVere Group CEO Nigel Green – Here’s Why

$100,000 Bitcoin Incoming, According to deVere Group CEO Nigel Green – Here’s Why

CEO of financial services firm deVere Group Nigel Green is predicting that Bitcoin (BTC) will soon hit six figures.

In a new video update, Green says that Bitcoin could hit $100,000 before the end of 2024, a more than 52% gain from the current value, due to increasing demand.

“Right now, Bitcoin is tipped to be perhaps the best-performing asset between now and the end of the year. Right now, Bitcoin is $60,000… They say it’s going to be over $100,000 by the end of the year. Is that logical? Well, it is possible. Why? Well, there’s a limited number of Bitcoin. There’s only 21 million Bitcoin.

So in other words, as demand goes up, and it is, then, of course, the price goes up as well. It’s not like something like the US dollar which they can just print more, or even shares where potentially people’s attitudes towards them change and profits are sometimes expected to be higher and come in lower than expected.”

He also says other potential bullish Bitcoin catalysts include the possible election in November of Donald Trump as the US president. The former US president and current Republican presidential nominee has spoken in favor of Bitcoin and other digital assets.

“Bitcoin is like a digital currency. Many people think, including Donald Trump, that it’s similar to gold… Donald Trump said himself he wants to make sure that America is the center of the crypto industry.”

Other reasons he believes the top digital asset by market cap “could do extremely well” include the demand from spot Bitcoin exchange-traded funds (ETFs) and global uncertainty.

“You’ve got ETFs. BlackRock for example, has bought $1 billion worth of Bitcoin for its ETF… Will [Bitcoin] go up in value? Well, it’s certainly expected to do so. Global uncertainty, which, of course, who knows what happens in the future, but we do live in an uncertain world, again, it tends to make more people invest in Bitcoin.”

Bitcoin is trading for $65,754 at time of writing, up 3.5% in the last 24 hours.

 

Don’t Miss a Beat – Subscribe to get email alerts delivered directly to your inbox



Check Price Action



Follow us on X, Facebook and Telegram



Surf The Daily Hodl Mix


&nbsp

Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Generated Image: Midjourney

The post $100,000 Bitcoin Incoming, According to deVere Group CEO Nigel Green – Here’s Why appeared first on The Daily Hodl.

Published in B&T Latest News 19 July, 2024 by The bizandtech.net Newswire Staff Comments Off on CFPB Proposes Interpretive Rule to Ensure Workers Know Costs, Fees of Paycheck Advance Products

CFPB Proposes Interpretive Rule to Ensure Workers Know Costs, Fees of Paycheck Advance Products

The Consumer Financial Protection Bureau (CFPB) proposed an interpretive rule explaining that many paycheck advance products, sometimes marketed as “earned wage” products, are consumer loans subject to the Truth in Lending Act. The guidance will ensure that lenders “understand their legal obligations to disclose the… Read More

Published in B&T Latest News 19 July, 2024 by The bizandtech.net Newswire Staff Comments Off on JPMorgan Chase, Bank of America and Wells Fargo Customers Report Cascade of Failures As Banks Hammered by Massive Computer Outage

JPMorgan Chase, Bank of America and Wells Fargo Customers Report Cascade of Failures As Banks Hammered by Massive Computer Outage

US banks are scrambling to recover from a massive computer outage that’s disrupting financial transactions around the world.

Customers at JPMorgan Chase, Bank of America and Wells Fargo are reporting major, ongoing outages, according to the network tracking service DownDetector.

The historic outage, which has hammered banks, airlines outage and scores of other businesses, was triggered by the billion-dollar cybersecurity firm CrowdStrike, whose software is utilized on a global scale.

The issue triggered the infamous “blue screen of death” failures on Windows computers, and Microsoft says it’s working to get people back online.

“Yesterday, CrowdStrike released an update that began impacting IT systems globally. We are aware of this issue and are working closely with CrowdStrike and across the industry to provide customers technical guidance and support to safely bring their systems back online.”

Customers at major US banks are reporting login issues, online transfer issues and issues with deposits.

The outage has also impacted trading at JPMorgan Chase, reports the New York Times.

“Employees at companies including JPMorgan Chase and Instinet, a brokerage firm owned by the Japanese bank Nomura, had trouble gaining access to their work stations, according to people with knowledge of the matter who spoke on condition of anonymity. That led to delays in some trades as the companies rushed to find workarounds, the people said.”

The trading delays appeared to be resolved as of an hour ago.

Although CrowdStrike says the issue is not a hack and a fix has been rolled out, the outage sent the company’s stock spiraling as much as 15% in a matter of hours. The stock is now down more than 11% at time of publishing.

Don’t Miss a Beat – Subscribe to get email alerts delivered directly to your inbox



Check Price Action



Follow us on X, Facebook and Telegram



Surf The Daily Hodl Mix


&nbsp

Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Generated Image: Midjourney

The post JPMorgan Chase, Bank of America and Wells Fargo Customers Report Cascade of Failures As Banks Hammered by Massive Computer Outage appeared first on The Daily Hodl.

Published in B&T Latest News · Business Features 19 July, 2024 by The bizandtech.net Newswire Staff Comments Off on SEC Announces New Interagency Securities Council, Aims to Share information Between Federal, State and Local Anti-Fraud Actitivity

SEC Announces New Interagency Securities Council, Aims to Share information Between Federal, State and Local Anti-Fraud Actitivity

The Securities and Exchange Commission, Division of Enforcement, has issued a statement on the new Interagency Securities Council (ISC). This new entity aims to coordinate discussions on fraud and scams and share strategies to counter nefarious activities. The ISC is expected to meet quarterly. The… Read More

Published in B&T Latest News 19 July, 2024 by The bizandtech.net Newswire Staff Comments Off on Apple Dominates Wall Street’s AI Market, Samsung Not Far Behind.

Apple Dominates Wall Street’s AI Market, Samsung Not Far Behind.

Get in Front of 50k Tech Leaders: Grow With Us

The weekend has arrived — a perfect time for both enjoyment and introspection in our ever-busy world. In this edition, we explore how AI can foster deep, introspective thinking. We also cover the recent releases of more affordable models by Mistral AI and OpenAI and delve into how Apple is successfully selling AI to Wall Street. Enjoy this issue and have a wonderful weekend!

Published in B&T Latest News 19 July, 2024 by The bizandtech.net Newswire Staff Comments Off on Tokenizing Logistics Assets: How HEALE Leverages NFTs and SFTs to Represent Real-World Entities

Tokenizing Logistics Assets: How HEALE Leverages NFTs and SFTs to Represent Real-World Entities

In the ever-evolving landscape of logistics, the integration of digital technologies has become crucial for enhancing operational efficiency and transparency. HEALE, a pioneer in the sector, is leading the charge by harnessing the power of tokenization through Non-Fungible Tokens (NFTs) and Semi-Fungible Tokens (SFTs) to revolutionize the way logistics assets are managed and represented.

Understanding Tokenization in Logistics

Tokenization refers to the process of converting real-world assets into digital tokens on a secure and immutable ledger. In logistics, this means transforming physical assets such as shipments, storage capacity, and handling units into digital representations. This digital shift enables a more streamlined, secure, and transparent management process.

NFTs and SFTs: The Backbone of Digital Asset Representation

Non-Fungible Tokens (NFTs) are unique digital tokens that represent ownership or rights over a specific asset. Each NFT is distinct and cannot be exchanged on a one-to-one basis with another NFT, making them perfect for assets that are unique or have distinct characteristics. In logistics, NFTs can be used to represent individual shipments, providing a unique digital identity that can track the asset through every stage of the supply chain.

Semi-Fungible Tokens (SFTs), on the other hand, offer a hybrid approach. They can initially represent a batch of assets or units that are identical, allowing them to be exchanged within their group. However, once they are used or transferred in a certain way, they can become non-fungible. SFTs are ideal for managing logistics capacities, such as storage or shipping slots, where a batch of assets may start off identical but gain unique attributes over time.

HEALE’s Innovative Approach to Tokenizing Logistics Assets

HEALE leverages NFTs and SFTs to create secure and transparent digital representations of logistics assets. Here’s how HEALE’s system transforms the logistics industry:

  1. Shipment Tokenization with NFTs: Each shipment can be assigned a unique NFT, containing comprehensive details about the cargo, route, and handling conditions. This NFT travels with the shipment, updating its status and providing an immutable record that all stakeholders can access. This method ensures end-to-end visibility and enhances the security of the shipment.
  2. Capacity Management with SFTs: Storage and transport capacities are often standardized in logistics. HEALE uses SFTs to represent these capacities, allowing them to be allocated and managed efficiently. For instance, a shipping company might issue SFTs representing cargo space, which can be traded or allocated as needed. Once specific capacities are utilized, their SFTs can convert to NFTs, reflecting their new, unique status.
  3. Handling Units and Process Optimization: By tokenizing handling units (such as pallets or containers) with NFTs, HEALE enables precise tracking and management of these assets. Each NFT carries data about the unit’s history, condition, and ownership, which simplifies auditing and enhances accountability throughout the supply chain.

Benefits of Tokenizing Logistics Assets

  • Increased Security: Tokens on a decentralized ledger are highly secure, reducing the risk of fraud and unauthorized alterations.
  • Enhanced Transparency: Every transaction or change in status is recorded on the ledger, providing real-time visibility to all stakeholders.
  • Operational Efficiency: Tokenization simplifies asset management and streamlines processes, reducing paperwork and administrative overhead.
  • Improved Traceability: Detailed digital records enable accurate tracking of assets from origin to destination, facilitating quick responses to issues.

Conclusion

HEALE’s innovative use of NFTs and SFTs in tokenizing logistics assets marks a significant advancement in the industry. By transforming physical entities into secure digital representations, HEALE not only enhances the efficiency and transparency of logistics operations but also paves the way for a more integrated and dynamic future for supply chain management.

Tokenizing Logistics Assets: How HEALE Leverages NFTs and SFTs to Represent Real-World Entities was originally published in Coinmonks on Medium, where people are continuing the conversation by highlighting and responding to this story.

Published in B&T Latest News · Business Features 19 July, 2024 by The bizandtech.net Newswire Staff Comments Off on Messari CEO Ryan Selkis Steps Down After a Slew of Controversial Social Media Posts

Messari CEO Ryan Selkis Steps Down After a Slew of Controversial Social Media Posts

After 6.5 years as CEO, Selkis is passing the reins onto co-founder Eric Turner.

Published in B&T Latest News 19 July, 2024 by The bizandtech.net Newswire Staff Comments Off on Starbucks mobile ordering falls victim to the CrowdStrike BSOD outage

Starbucks mobile ordering falls victim to the CrowdStrike BSOD outage

New York City And Newark Daily Life And Economy
Photo by Jakub Porzycki/NurPhoto via Getty Images

Look, in the grand scheme of the global outage that’s wreaking havoc across airlines, banks, supermarkets, TV stations, and countless businesses, being unable to order a trenta iced coffee from Starbucks with my smartphone is a minor inconvenience. But you can add the company’s mobile ordering system to the list of casualties from this CrowdStrike BSOD situation.

I am now personally affected by this because I had to order my Starbucks latte verbally and stand in a line. Am I entitled to compensation? pic.twitter.com/ClVO81mIyK

— Sherrod DeGrippo (@sherrod_im) July 19, 2024

Starbucks is closed. pic.twitter.com/bsFwSgx155

— NoneShallPass (@bfrahm73) July 19, 2024

The Starbucks app itself is working, but the ability to order…

Continue reading…

Published in Business Features 19 July, 2024 by The bizandtech.net Newswire Staff Comments Off on How Revolut’s creator strategy is benefitting from YouTube’s long-form swing

How Revolut’s creator strategy is benefitting from YouTube’s long-form swing

Marketers are paying close attention to YouTube’s recent lurch to long-form.

In the case of Revolut, a U.K. based challenger bank, that’s playing into its focus on creators that base themselves on the Google-owned platform.

“YouTube is typically the main focus,” said Fiona Davies, Revolut’s head of growth for the U.K., Ireland, and the Nordics, when asked about the company’s creator strategy. “When we’re thinking about talent, we’re thinking first and foremost about their YouTube following. It’s one of the key criteria.”

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Published in Business Features 17 July, 2024 by The bizandtech.net Newswire Staff Comments Off on AMD has an open-source plan to compete with NVIDIA

AMD has an open-source plan to compete with NVIDIA

AMD has an open-source plan to compete with NVIDIA

At the recent Reuters’ Momentum AI conference in San Jose, California, Ramine Roane, AMD’s corporate vice president of data center, cloud, and AI, unveiled the company’s strategic pivot towards an open-source model to tackle the dominance of NVIDIA in the AI chip market, reports Business Insider. This shift comes as the industry grapples with a severe shortage of graphics processing units (GPUs), which are crucial for video gaming and AI development.

“The problem is vendor lock-in”

AMD and NVIDIA have been longstanding competitors in the production of GPUs. These chips are essential for handling complex computations required in AI and gaming. Despite AMD’s efforts, NVIDIA continues to hold a significant lead, controlling over 70% of the AI chips market, with major clients like Meta, Google, Amazon, and OpenAI, as per estimates by Mizuho Securities.

The surge in demand for generative AI has only intensified the need for more powerful chips, exacerbating the existing supply constraints. According to Roane, AMD is pushing its production capacities to the limit. “We are sending all the GPUs we can make right now,” Roane stated, highlighting the critical shortage within the industry.

AMD has an open-source plan to compete with NVIDIAAMD has an open-source plan to compete with NVIDIA

A key issue Roane pointed out is the problem of ‘vendor lock-in,’ particularly with NVIDIA’s proprietary CUDA computing platform. Introduced in 2006, CUDA allows developers to create applications specifically for NVIDIA’s GPUs, which has not only cemented NVIDIA’s market dominance but also stifled competition due to its incompatibility with other GPUs.

AMD acquires Silo AI for $665 million

Roane criticized this closed ecosystem, noting that it restricts innovation and competition. He expressed AMD’s commitment to an open-source approach, aiming to provide a more flexible and developer-friendly alternative. This strategy could potentially enable easier access for developers across different hardware platforms, fostering greater innovation and reducing dependence on a single vendor.

As AMD champions this open-source initiative, it poses a direct challenge to NVIDIA’s entrenched position in the market. By advocating for open standards and interoperability, AMD hopes to attract a broader base of developers and industries, potentially reshaping the competitive landscape of the AI chip industry.

Featured image credit: Timothy Dykes/Unsplash

Published in Business Features 10 July, 2024 by The bizandtech.net Newswire Staff Comments Off on CFTC Chairman Declares BTC and ETH are NOT Securities!

CFTC Chairman Declares BTC and ETH are NOT Securities!

The post CFTC Chairman Declares BTC and ETH are NOT Securities! appeared first on Coinpedia Fintech News

We consider Bitcoin and ETH as a revolutionary technology and during a recent Senate Committee hearing, CFTC Chairman Rostin Behnam made significant declarations about cryptocurrencies. He reaffirmed that Bitcoin and Ethereum are commodities under the Commodities Exchange Act. This classification follows a recent ruling by an Illinois district court that upheld their status.

According to Eleanor Terrett, a journalist at Fox Business, CFTC Chairman Behnam said that an Illinois court confirmed that $BTC and $ETH are digital commodities under the Commodity Exchange Act. Here is what she shared on X handle:

Source : X (FormerlyTwitter)

The difference between commodities and securities is crucial in regulation because commodities like gold or oil are tradable goods. Whereas, securities represent ownership in a company.. This classification places Bitcoin and Ethereum under the jurisdiction of the CFTC. It marks a clear distinction from assets regulated by the SEC.

Here comes Behnam’s statement! Which states 70% to 80% of cryptocurrencies are not securities and  that challenges SEC Chairman Gary Gensler’s view. This difference highlights the ongoing debate about how to regulate digital assets.

Considering Bitcoin and Ethereum as commodities provides clarity. It could lead to broader acceptance in the crypto market. This decision sets a precedent for future rulings and might reduce uncertainty that has slowed market growth.

Looking ahead, Behnam called for legislative measures to strengthen the CFTC’s oversight of non security tokens. He also emphasized the need for strong protections for investors due to the market’s volatility. His statements show a proactive approach to balancing regulation and fostering innovation in the crypto currency world.

Currently we are at a stage of rapid evolution in terms of technology and precautions in the Defi World. As regulations evolve, the distinction between securities and commodities will be key. Behnam’s remarks reflect the CFTC’s commitment to adapting regulations for the rapidly changing digital landscape.