Crowd Funding, Micro-funding, New Approach for Investors - Alternatives to Wall Street
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Why is crowd-funding site Kickstarter so popular? - Video on TODAY.com

Why is crowd-funding site Kickstarter so popular? - Video on TODAY.com | Crowd Funding, Micro-funding, New Approach for Investors - Alternatives to Wall Street | Scoop.it
Video on Today: The crowd-funding site is helping some independent creators, including well known filmmakers like Spike Lee, fund their passion projects.

Via Marty Koenig
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Film crowd-funding for the novice

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Marty Koenig's curator insight, August 31, 2013 10:36 AM

Only 20% have ever heard of Crowdfunding. Maybe this will bump it up to 21%. 

Marie-Brigitte Souci's curator insight, August 31, 2013 7:36 PM

Crowdfunding is the hottest thing in the entrepreneurial arena. #BrigitteSouci

Patrice McDonough's curator insight, September 2, 2013 9:11 AM

Casey Brothers, stay tuned  for their Kickstarter Campaign on a new Canadian Army meets self discovery short.

Crowd Funding, Micro-funding, New Approach for Investors - Alternatives to Wall Street
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The Top 25 Banks By Innovation Capability

The Top 25 Banks By Innovation Capability | Crowd Funding, Micro-funding, New Approach for Investors - Alternatives to Wall Street | Scoop.it
Life is tough as a startup! The Disruption House is nonetheless pleased to publish its first public paper a report on banking innovation. The report
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Great research for on the quality and level of innovation in the banking and FinTech domains

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Thirteen Blockchain Companies Included in CBS Insights Fintech 250 Startup List

Thirteen Blockchain Companies Included in CBS Insights Fintech 250 Startup List | Crowd Funding, Micro-funding, New Approach for Investors - Alternatives to Wall Street | Scoop.it
A total of 13 Blockchain startup companies were included in the latest CBS Insights Fintech 250 startup list of emerging fintech companies changing the industry.
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A total of 13 Blockchain startup companies were included in the latest CBS Insights Fintech 250 startup list as of early October 2017. The report compiles “emerging fintech startups that are changing the face of the fintech industry.” It also cites the booming growth of the financial technology (fintech) sector.

The major industries where the bulk of the companies on the list come from include the processing and payment infrastructure, capital markets and trading and wealth management. Also included in the top six are mobile banking, business lending and merchant services.  The Blockchain industry, meanwhile, is among the smaller industries in the fintech sector.

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Newly Launched 'Trusted IoT Alliance' Unites the Industry to Further a Blockchain-based Internet of Things

Newly Launched 'Trusted IoT Alliance' Unites the Industry to Further a Blockchain-based Internet of Things | Crowd Funding, Micro-funding, New Approach for Investors - Alternatives to Wall Street | Scoop.it
SANTA CLARA, Calif., Sept. 19, 2017 /PRNewswire/ -- Today, Bosch, BNY Mellon, Cisco, Gemalto, U.S. Bank along with Bitse, Chronicled, ConsenSys, Ledger
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Bosch, BNY Mellon, Cisco, Gemalto, U.S. Bank along with Bitse, Chronicled, ConsenSys, Ledger, Skuchain, Slock.it, HCM International of Foxconn Group, IOTA, Oaken Innovations, Qtum, Chain of Things, Big Chain DB announced the official launch of the Trusted IoT Alliance, a group of companies united to catalyze the development of a blockchain-enabled, trusted Internet of Things (IoT). The mission of the Trusted IoT Alliance is to bring companies together to develop and set the standard for an open source blockchain protocol to support IoT technology in major industries worldwide.  

  • The goal of the Alliance is the creation of a trusted IoT ecosystem that links cryptographic and registrant identities, along with metadata, to give objects the equivalent of digital, transferable "birth certificates," that can be inventoried and managed across blockchain networks.
  • An object or "thing" could be an internet-connected machine or product, ranging from a car to a drone, package, sneaker, lithium-ion battery, or energy meter. On top of this trusted IoT platform, the group sees potential to automate business logic through smart contracts and building a thriving Machine-2-Machine economy.
  • The Alliance is blockchain agnostic and will support integration across any open source enterprise blockchain or distributed ledger technology platform that has potential to become a backend for widespread commercial and industrial adoption. The Alliance aims to foster interoperability and interworking across blockchain platforms, applications, and in doing so remove barriers to broad scale adoption of blockchain technology. 
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Bitcoin is the 'best example right now' of a Bubble

Bitcoin is the 'best example right now' of a Bubble | Crowd Funding, Micro-funding, New Approach for Investors - Alternatives to Wall Street | Scoop.it

Robert Shiller, the Nobel-winning author who predicted the two biggest speculative markets in recent history, is repeating that bitcoin is in a bubble.The cryptocurrency is "the best example right now," Shiller told Quartz's John Detrixhe in an interview published Tuesday. In January 2014 at the World Economic Forum in Davos, Switzerland, he called the cryptocurrency "an amazing example of a bubble," adding that there was "no question about it."  Bitcoin has exploded in price and popularity since then. Bitcoin was at $4,337 on Tuesday


Via TechinBiz
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Robert Shiller, the Nobel-winning author who predicted the two biggest speculative markets in recent history, is repeating that bitcoin is in a bubble.The cryptocurrency is "the best example right now," Shiller told Quartz's John Detrixhe in an interview published Tuesday. In January 2014 at the World Economic Forum in Davos, Switzerland, he called the cryptocurrency "an amazing example of a bubble," adding that there was "no question about it."  Bitcoin has exploded in price and popularity since then. Bitcoin was at $4,337 on Tuesday, or about 442% over its price in January 2014 of about $800 a coin.

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Thousands of Deutsche Bank employees will be replaced by robots

Thousands of Deutsche Bank employees will be replaced by robots | Crowd Funding, Micro-funding, New Approach for Investors - Alternatives to Wall Street | Scoop.it
The CEO of Deutsche Bank said a "big number of staff will eventually be replaced by robots.

Via massimo facchinetti
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CEO John Cryan is reported to have told an audience at a conference in Frankfurt that a “big number” of the bank’s staff will lose their jobs as a result of new technology taking ove. The bank has around 100,000 employees.

He accused accountants as being like abacuses, saying the bank “won’t need as many people”.   “In our banks, we have people behaving like robots doing mechanical things. Tomorrow, we’re going to have robots behaving like people,” he added.  Cryan also said some roles will become more interesting and that the cuts to permanent staff might be less severe, with thousands of contractors being let go.  Technology such as artificial intelligence (AI) and automation software is taking over many repetitive tasks at businesses, with the financial services sector leading the charge.

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How will Amazon's Whole Foods deal affect prices at your grocery store?

How will Amazon's Whole Foods deal affect prices at your grocery store? | Crowd Funding, Micro-funding, New Approach for Investors - Alternatives to Wall Street | Scoop.it
A price war has raged in U.S. supermarket aisles for well over a year, bloodying retailers big and small. On Monday, Amazon.com plans to toss a smart bomb into
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While this won't exactly bring responsibly farmed salmon to the masses -- after all, Whole Foods stores will remain in high-rent neighborhoods -- the price reductions could draw in curious new shoppers and present brick-and-mortar retailers with a dilemma. Do they follow suit and see their margins squeezed, or hold fast and risk sacrificing sales in one of the few areas of the food industry that's actually growing?  "Changing prices across the board is not a simple process for most retailers," said Greg Portell, a partner at consulting firm A.T. Kearney. "It takes time and labor. What Amazon has done is bring a level of dynamic pricing that will have to be matched by anybody selling food. It will disrupt the way the sector works."  Kroger shares rose 2.8 percent on Friday after falling 8.1 percent Thursday, while Costco alternated between losses and gains following Thursday's 5 percent decline. Friday, shares of Royal Ahold Delhaize NV, the Dutch company that operates the Giant Food and Food Lion chains, dropped as much as 7.6 percent in Amsterdam.  Even European companies with no ties to the U.S., such as Great Britain's Tesco Plc and France's Carrefour SA, saw their shares decline. Amazon said it would also cut prices in its 9 U.K. stores.

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New Digital Technologies Will Disrupt Banking Forever

New Digital Technologies Will Disrupt Banking Forever | Crowd Funding, Micro-funding, New Approach for Investors - Alternatives to Wall Street | Scoop.it
New digital technologies like AI, IOT, Blockchain and APIs allow financial institutions to build a customer-centric 'bank of the future'.
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We are already seeing multiple tests of all of these technologies to different degrees across the industry. While just scratching the surface of potential, these tests are important to keep pace with consumer expectations.

  • AI and Machine Learning: Organizations are testing the use of chatbots to improve customer service, while machine learning is being used to decrease fraud and improve personalization.
  • Robotic Process Automation: Alerts and notifications are being automated with RPA.
  • Internet of Things: Mobile device geolocation is increasingly being used for enhanced credit/debit card security, with firms also testing the use of voice-first digital assistants to conduct transactions.
  • Blockchain: Blockchain technology is being used by many firms for secure document transfer and to reduce settlement costs.
  • Open Banking APIs: Several traditional banking organizations are partnering with non-traditional providers to offer expanded banking services.
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The Beginning of a Global Multi-Billion Dollar a Year Business:  Jamaican Bud Business

Subscribe to VICE News here: http://bit.ly/Subscribe-to-VICE-News Jamaica's first medicinal marijuana company, Medicanja, launched this year against
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At first I was just curious, but this story really points to the 'what', 'how' and 'why' a Multi-Billion Dollar a year business gets started and how things, if changed at the government actually engaging with their constituency, the public to resolve this for the good of economic development, (like US states are starting to do with their recreational marijuana tax revenues), could really make positive and constructive outcome for a nation like Jamaica could really benefit by. Rather some are still into the demonizing on any of the aspects of the marijuana industry.  One does have to recognize that people are going to use this stuff anyway, whether legal or illegal.  

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A Tech Startup Is Releasing a Wearable Cryptocurrency Payment Device

A Tech Startup Is Releasing a Wearable Cryptocurrency Payment Device | Crowd Funding, Micro-funding, New Approach for Investors - Alternatives to Wall Street | Scoop.it
Bitcart just announced the creation of Festy, the world's first wristband capable of facilitating Dash cryptocurrency payments.
Richard Platt's insight:

The Irish startup has developed the world’s first  Dash  cryptocurrency payment wristband. Named Festy, the device allows the wearer to pay for products with the Dash cryptocurrency. Users can add funds to their wrist-mounted “wallet” at a Festy-branded ATM or using an online transfer service.  Although Dash is a cryptocurrency, Festy is compatible with any point-of-sale system that accept Visa contactless payments. It can also be used to make payments on any phone or computer using near field communication (NFC) tags or offline payments via quick response (QR) codes. The wristband is designed primarily for bar and festival hoppers and can also be used to store tickets, which could play a role in eliminating fraud or verifying ages of compliance at events.  For customers, Festy offers several advantages over traditional credit cards. Payments made via the wearable are nearly immediate and a card number or private key is never displayed.

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'The Biggest Marketplace on the Dark Web' Gets Busted by Authorities

'The Biggest Marketplace on the Dark Web' Gets Busted by Authorities | Crowd Funding, Micro-funding, New Approach for Investors - Alternatives to Wall Street | Scoop.it
On July 4th, AlphaBay Market went down and scared the hell out of users. One of, if not the most popular destination for illicit goods on the dark net, the site took over Silk Road’s throne after its founder was arrested. According to a new report, AlphaBay has suffered the same fate and international authorities have shut it down.
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AlphaBay emerged in 2014, following the death of Silk Road. Andrei Barysevich, a director at Recorded Future Inc., and specialist in dark web matters tells the Journal that it “was the biggest marketplace on the Dark Web,” taking in a reported $600,000 to $800,000 per day. According to a source speaking with the Bangkok Post, police seized four Lamborghinis and about $11.7 million in Thai currency from Cazes when they arrested him.

While Silk Road made its name selling drugs, AlphaBay was prolific in its black market products. In the first six months of 2017, it reportedly sold $5 million worth of stolen credit card numbers alone. If a dark net market’s operators decide to take off with the bitcoins that are being held in escrow, users have no recourse.

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The Future of Money

The Future of Money | Crowd Funding, Micro-funding, New Approach for Investors - Alternatives to Wall Street | Scoop.it
A "mobile money" revolution has swept Kenya, where people can send and receive money on their cell phones. It's improved commerce and brought basic necessities to poorer areas
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You may be surprised to learn there's one country that adopted mobile money years ago: Kenya. Here in the U.S., we can use smartphones to pay for things, but you typically need to be linked to a bank account or credit card. In Kenya, you don't need a bank account, you don't need a credit history, or very much money for that matter, making this country in East Africa a giant experimental laboratory defining the future of money.    Bob Collymore, the CEO of Kenya's largest cell phone provider, Safaricom, says his company sought to solve the problem. While a majority of Kenyans don't have a bank account, eight in 10 have access to a cell phone. So in 2007, Safaricom started offering a way to use that cell phone to send and receive cash. They call it M-PESA: m stands for "mobile;" "pesa" is money in Swahili.  It is often referred to as Kenya's alternative currency. But safer and more secure.  It's the cheapest phone you can have. It was designed to work at the lowest level of technology.

To get this currency you go to an M-PESA kiosk. I give the agent 3,000 shillings -- about $30 in cash, and she converts it to virtual currency on my account.  Lesley Stahl: This is pretty easy. It's not like opening a bank account.  There are 85,000 agents like her across Kenya, creating a giant grid of human ATMs. For most this is a side business: so a pharmacy will sell M-PESA or a roadside spice shop; this barber will give you a shave and M-PESA. And, yes, you can even buy M-PESA here.  This is bankless banking.

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The trust machine - BitCoin

The trust machine - BitCoin | Crowd Funding, Micro-funding, New Approach for Investors - Alternatives to Wall Street | Scoop.it
The technology behind bitcoin could transform how the economy works
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BITCOIN has a bad reputation. The decentralised digital cryptocurrency, powered by a vast computer network, is notorious for the wild fluctuations in its value, the zeal of its supporters and its degenerate uses, such as extortion, buying drugs and hiring hitmen in the online bazaars of the “dark net”.  

The blockchain food chain:  To understand the power of blockchain systems, and the things they can do, it is important to distinguish between three things that are commonly muddled up, namely the bitcoin currency, the specific blockchain that underpins it and the idea of blockchains in general. A helpful analogy is with Napster, the pioneering but illegal “peer-to-peer” file-sharing service that went on line in 1999, providing free access to millions of music tracks. Napster itself was swiftly shut down, but it inspired a host of other peer-to-peer services. Many of these were also used for pirating music and films. Yet despite its dubious origins, peer-to-peer technology found legitimate uses, powering internet startups such as Skype (for telephony) and Spotify (for music streaming)—and also, as it happens, bitcoin.  The blockchain is an even more potent technology. In essence it is a shared, trusted, public ledger that everyone can inspect, but which no single user controls. The participants in a blockchain system collectively keep the ledger up to date: it can be amended only according to strict rules and by general agreement. Bitcoin’s blockchain ledger prevents double-spending and keeps track of transactions continuously. It is what makes possible a currency without a central bank.  Blockchains are also the latest example of the unexpected fruits of cryptography. Mathematical scrambling is used to boil down an original piece of information into a code, known as a hash. Any attempt to tamper with any part of the blockchain is apparent immediately—because the new hash will not match the old ones. In this way a science that keeps information secret (vital for encrypting messages and online shopping and banking) is, paradoxically, also a tool for open dealing.  Bitcoin itself may never be more than a curiosity. However blockchains have a host of other uses because they meet the need for a trustworthy record, something vital for transactions of every sort. Dozens of startups now hope to capitalise on the blockchain technology, either by doing clever things with the bitcoin blockchain or by creating new blockchains of their own 

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How Much Does Venture Capital Drive the U.S. Economy?

How Much Does Venture Capital Drive the U.S. Economy? | Crowd Funding, Micro-funding, New Approach for Investors - Alternatives to Wall Street | Scoop.it
Two scholars measure the economic impact of VC-funded companies.

Over the past 30 years, venture capital has become a dominant force in the financing of innovative American companies. From Google to Intel to FedEx, companies supported by venture capital have profoundly changed the U.S. economy. Despite the young age of the venture capital industry, a fifth of current public U.S. companies received venture capital financing.

Venture capital (VC) is a high-touch form of financing that is used primarily by young, innovative, and highly risky companies. Venture capitalists provide not only financing but also mentorship, strategic guidance, network access, and other support. These investments are highly speculative — most of the companies that receive VC funding will fail, even as some become runaway successes. Three out of the five largest companies in the world received most of their early external financing from VC. 


Via Marc Kneepkens
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Venture capital (VC) is a high-touch form of financing that is used primarily by young, innovative, and highly risky companies. Venture capitalists provide not only financing but also mentorship, strategic guidance, network access, and other support. These investments are highly speculative — most of the companies that receive VC funding will fail, even as some become runaway successes. 3 out of the 5 largest companies in the world received most of their early external financing from VC.  Clearly, Apple, Google, and Microsoft are among the most innovative and most important companies in a generation. But how important are these and other VC-backed companies to the U.S. economy? How do they compare to industrial behemoths such as General Motors or massive financial institutions such as Bank of America in terms of job creation and overall economic impact? The researchers set out to quantify the long-term impact of VC on the U.S. economy. Started by classifying companies as either VC-backed or non–VC-backed, considering only public companies that are traded on major U.S. stock exchanges. While most successful VC investments end with the company being acquired, reliable information is currently available only on those companies that become publicly listed. Thus, our results likely underestimate the impact of VC on the economy.

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Marc Kneepkens's curator insight, October 26, 2015 1:04 PM

#VentureCapital is huge in the US, it has propelled #Tech to the forefront and helped the biggest companies in the world to get to that point.

June Rumiko Klein's curator insight, October 27, 2015 1:31 PM

Interesting statistics!  Definitely part of the overall mystic and fabric of Silicon Valley and high tech in general.  Very creative and exciting soup of entrepreneurship, investment and high risk/rewards.

malek's curator insight, October 29, 2015 6:45 AM

VC investment employ 38% of working force

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A former Goldman Sachs VP who founded a crypto hedge fund says betting on bitcoin is like betting on the internet in the 90s

A former Goldman Sachs VP who founded a crypto hedge fund says betting on bitcoin is like betting on the internet in the 90s | Crowd Funding, Micro-funding, New Approach for Investors - Alternatives to Wall Street | Scoop.it
Matthew Goetz, a former Goldman Sachs vice president, founded BlockTower Capital, a crypto hedge fund, this year.
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The cryptocurrency market has exploded this year with over 1,000 digital currencies now on the market.    The price of bitcoin, the first and largest cryptocurrency, has captured the most attention, with Wall Street CEOs from JPMorgan's Jamie Dimon to Goldman Sachs' Lloyd Blankfeinweighing in on the coin this month alone. 

It's up over 450% this year at near $4,400 per coin.   But bitcoin's meteoric rise doesn't mean that it'll be the top-dog crypto forever. 

Matthew Goetz, a former Goldman Sachs vice president and cofounder of BlockTower Capital, a Connecticut-based crypto hedge fund, recently told Business Insider that bitcoin and other cryptocurrencies are technologies like any other, and as a result, are susceptible to being usurped by a digital currency with superior tech.   "Bitcoin is the most entrenched, it has very stable protocol, it doesn't change a lot, and it has a very strong developer base, but at the end of the day it is still software," Goetz said. "There is some chance that something an order of magnitude better than bitcoin, technologically, could come along."

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Hitachi and Mizuho Strike Deal for Blockchain Supply Chain 

Hitachi and Mizuho Strike Deal for Blockchain Supply Chain  | Crowd Funding, Micro-funding, New Approach for Investors - Alternatives to Wall Street | Scoop.it
Mizuho Financial Group is partnering with Japanese tech conglomerate Hitachi to develop a blockchain platform for supply chain management.
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Mizuho Financial Group is partnering with tech conglomerate Hitachi to develop a blockchain platform for supply chain management.  Announced Thursday, the two companies have reportedly agreed to test a system built on technology from the open-source Hyperledger blockchain consortium to determine whether they can use an immutable ledger to record orders, invoices and otherwise collect data about company operations.  The ultimate goal, according to the firms, is to develop a record of every transaction that can be accessible by anyone in the company, thereby streamlining the process needed to order an item.  Right now, Hitachi's process involves ordering an item, confirming the order, creating an invoice and approving the invoice. Due to technical limitations and reliability issues, however, this process does not always work as desired.

Hitachi intends to incorporate its Lumada Internet of Things platform into the test to aid its data collection efforts and continue to build commercial products.  Notably, this is not Mizuho's first time testing a blockchain platform for the use case, as the firm recently completed a trade finance trial with several organizations. Other trials have included a rewards program and a research lab in the U.S.

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The world's first blockchain smartphone is in development

The world's first blockchain smartphone is in development | Crowd Funding, Micro-funding, New Approach for Investors - Alternatives to Wall Street | Scoop.it
Sirin Labs, the company behind the $14,000 Solarin smartphone, is now developing an open-source model that runs on a fee-less blockchain. The Finney -- name
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Sirin Labs, the company behind the $14,000 Solarin smartphone, is now developing an open-source model that runs on a fee-less blockchain. The Finney -- named in honor of bitcoin pioneer Hal Finney -- will be the only smartphone in the world that's fully secure and safe enough to hold cryptographic coins. Or so says the company, which is launching a crowdsale event this October (date to be confirmed) to support the phone's development.  According to Sirin, all Finney devices (there's an all-in-one PC coming, too) will form an independent blockchain network powered by IOTA's Tangle technology. The network will operate without centralized backbones or mining centers cluttering up the transaction process, using the SRN token as its default currency (only SRN token holders will be able to purchase the device). And it'll all run on a Sirin operating system specially designed to support blockchain applications such as crypto wallets and secure exchange access.  The phone comes with all the bells and whistles you'd expect from a device with a $1,000 (£740) price tag, including a 256GB internal memory and 16MP camera, plus a hefty suite of security measures. A behavioral-based intrusion prevention system, physical security switch and blockchain-based tamper proof feature mean that, in theory, it's going to take considerable effort to hack. But the question is whether anyone would want to. "The crypto community" is still a niche market, certainly more niche than the affluent business market the $14,000 Solarin was intended for, and that didn't work out so well -- only 10 months after its launch the company laid off a third of its staff, claiming it would be "pursuing new directions to a new product line". Some have suggested the Solarin was a product ahead of its time, and the Finney may well be too.

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MIT And BU Researchers Uncover Critical Security Flaw In $2B Cryptocurrency IOTA

MIT And BU Researchers Uncover Critical Security Flaw In $2B Cryptocurrency IOTA | Crowd Funding, Micro-funding, New Approach for Investors - Alternatives to Wall Street | Scoop.it
IOTA created its own cryptographic hash function, something cryptographers claim is not a good idea.
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“When we took a look at their system, we found a serious vulnerability and textbook insecure code,” Neha Narula, director at MIT Digital Coin Initiative and a researcher involved in uncovering the flaw, wrote in a blog post.Specifically, Narula and three other researchers claim they were able to break the homegrown hash function “Curl” that IOTA was using as part of its digital signature scheme, which ensures funds can only be spent by their rightful owners. They then demonstrated how an attacker could potentially forge a digital signature to steal a user’s funds.  It's important to note that IOTA has since fixed the flaw.  IOTA is currently the eighth largest cryptocurrency by market cap. The project pulled in 1,337 bitcoin (valued at $500,000 at the time) in an initial coin offering (ICO) in late 2015. And, through its Trusted IOT Alliance, the project partners with several notable companies, including Microsoft.

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Analytics and #FinTech 

Analytics and #FinTech  | Crowd Funding, Micro-funding, New Approach for Investors - Alternatives to Wall Street | Scoop.it
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Historically, some banking activities such as trading have been relying heavily on analytics and cutting edge algorithmic tools. The coming of age of powerful data analytics solutions combined with the development of intelligent algorithms have created new opportunities for financial institutions.   Sebastien Meunier, Head of Digital for North America at Chappuis Halder & Co., discussed how these tools can be leveraged to develop a lasting competitive advantage in priority areas: customer analytics, financial crime prevention, regulatory compliance and risk management.

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You can’t understand the Fintech Revolution without this report

You can’t understand the Fintech Revolution without this report | Crowd Funding, Micro-funding, New Approach for Investors - Alternatives to Wall Street | Scoop.it
Business Insider France est un site d’information sur l’économie, les technologies, les entrepreneurs, l’innovation, les découvertes et bien plus encore. En texte, en images, en vidéos et en graphiques, de l’actualité essentielle et percutante.

Via TechinBiz
Richard Platt's insight:

We’ve entered the most profound era of change for financial services companies since the 1970s brought us index mutual funds, discount brokers and ATMs.  No firm is immune from the coming disruption and every company must have a strategy to harness the powerful advantages of the new fintech revolution.

The battle already underway will create surprising winners and stunned losers among some of the most powerful names in the financial world: The most contentious conflicts (and partnerships) will be between startups that are completely reengineering decades-old practices, traditional power players who are furiously trying to adapt with their own innovations, and total disruption of established technology & processes:

  • Traditional Retail Banks vs. Online-Only Banks: Traditional retail banks provide a valuable service, but online-only banks can offer many of the same services with higher rates and lower fees

  • Traditional Lenders vs. Peer-to-Peer Marketplaces: P2P lending marketplaces are growing much faster than traditional lenders—only time will tell if the banks strategy of creating their own small loan networks will be successful

  • Traditional Asset Managers vs. Robo-Advisors: Robo-advisors like Betterment offer lower fees, lower minimums and solid returns to investors, but the much larger traditional asset managers are creating their own robo-products while providing the kind of handholding that high net worth clients are willing to pay handsomely for.

As you can see, this very fluid environment is creating winners and losers before your eyes…and it’s also creating the potential for new cost savings or growth opportunities for both you and your company.

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draftflowers's comment, August 21, 12:06 AM
great
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BoA Testing Samsung Iris Tech Authentication

BoA Testing Samsung Iris Tech Authentication | Crowd Funding, Micro-funding, New Approach for Investors - Alternatives to Wall Street | Scoop.it
News: Bank of America and Samsung Electronics are testing the ability for Bank of America clients to access the mobile app via iris scan authentication.

Via Kenneth Carnesi,JD
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Bose joins $3m Series A for HF monitor dev Signature Medical

Bose joins $3m Series A for HF monitor dev Signature Medical | Crowd Funding, Micro-funding, New Approach for Investors - Alternatives to Wall Street | Scoop.it
Signature Medical said today it closed a $2.5 million Series A funding round which was joined by audio tech giant Bose Corporation to support its AcoustiCare wearable heart failure monitor. Also joining the round was Riot Ventures, and Allied Minds, of which Signature Medical is a portfolio company of. “We are excited about Signature Medical’s […]
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Signature Medical said today it closed a $2.5 million Series A funding round which was joined by audio tech giant Bose Corporation to support its AcoustiCare wearable heart failure monitor.  Also joining the round was Riot Ventures, and Allied Minds, of which Signature Medical is a portfolio company of.

“We are excited about Signature Medical’s innovative use of audio to help heart patients with their recovery, and we’re pleased to support Signature Medical in their efforts,” Bose Ventures’ Steve Romine said in a prepared release.  “Signature Medical’s incorporation of artificial intelligence and acoustic technology into a wearable device should help heart failure patients globally and have enormous impact,” Riot Ventures founder Stephen Marcus said in a prepared statement.

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Obviousness-Type Double Patenting Considerations

Obviousness-Type Double Patenting Considerations | Crowd Funding, Micro-funding, New Approach for Investors - Alternatives to Wall Street | Scoop.it
Obviousness-type double patenting is a judicially created doctrine that prevents patent owners from extending patent protection beyond the statutory term.
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It remains difficult to predict whether a court is going to consider that the patent owner is trying to extend patent term or whether a court will look only to the expiration dates of the patents in question.  Patent owners are cautioned to review patent portfolios with these issues in mind. 

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If Apple loses, your home could be the next thing that's unlocked

If Apple loses, your home could be the next thing that's unlocked | Crowd Funding, Micro-funding, New Approach for Investors - Alternatives to Wall Street | Scoop.it
In a recent interview about Apple's ongoing legal battle with the Department of Justice, Tim Cook said that our smartphones have more information about us and o...
Richard Platt's insight:

In a recent interview about Apple's ongoing legal battle with the Department of Justice, Tim Cook said that our smartphones have more information about us and our families than any other device we own. He's right. And if the FBI is able to compel Apple or any company to circumvent a phone's encryption, it would tap into a wealth of information. But it's not just the tiny computers in our pocket we need to be concerned about. Your home and car tech could also be affected by the ruling if law enforcement deems it necessary.  The Internet of Things have been a target of security researchers (and rightfully so), but that's forced companies to make it a priority to secure these devices. Which is paramount because they record an incredible amount of information about you and your family. Cameras like the Nest Cam track who comes in and out of your home. Microphones embedded in devices like the Amazon Echo and smart TVs let you check the weather, change channels and order items with your voice.

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FreedomPop inks deal with Intel; hybrid carrier will offer Wi-Fi first smartphone in 2016

FreedomPop inks deal with Intel; hybrid carrier will offer Wi-Fi first smartphone in 2016 | Crowd Funding, Micro-funding, New Approach for Investors - Alternatives to Wall Street | Scoop.it
Hybrid carriers like FreedomPop allow users to employ Wi-Fi hotspots for voice and data, in order to save big bucks on a monthly voice, text and data plan. And when out of range of a hotspot, these MVNOs turn to their cellular partners to fill in the gaps. This is exactly what Google does with Project Fi. Handsets offered to customers of these hybrid carriers, are regular cellular-enabled phones...
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FreedomPop has announced that it has signed a deal with chipmaker Intel to help it develop a Wi-Fi first smartphone, something that is currently not manufactured. Using Intel's low-priced "SoFIA" Atom x3 processors, FreedomPop's new handset will first seek out a Wi-Fi signal for calls, texts and data. And when the situation calls for a switchover to a cellular signal, the unit will do so "seamlessly."  FreedomPop claims to have the largest "aggregated" Wi-Fi network in existence, which can be accessed for voice, text and data for a monthly cost of just $5. Subscribers have a choice of data plans to choose from. The company has a number of phones it sells, including the LG VoltHTC Desire 510Samsung Galaxy S4 and the Apple iPhone 5. It is also selling the Samsung Galaxy Tab 3 tablet.  Part of the deal with Intel includes an investment by Intel Capital that will support the release of the brand new Wi-Fi first phone. All we know at this point is that the handset will be available in multiple markets sometime next year.

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Chase takes aim at Apple, Google with new mobile payments service

Chase takes aim at Apple, Google with new mobile payments service | Crowd Funding, Micro-funding, New Approach for Investors - Alternatives to Wall Street | Scoop.it
JPMorgan Chase plans to offer a mobile payments service next year, which unlike Apple and Google, would have the backing of large retail chains.

Via Kenneth Carnesi,JD
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You just knew that eventually the stodgy Credit Card companies would eventually have to jump into the digital void of FinTech, their futures depend on it.  And now Chase Bank get's in the mix.

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$9.8 Billion Valuation for Ferrari

$9.8 Billion Valuation for Ferrari | Crowd Funding, Micro-funding, New Approach for Investors - Alternatives to Wall Street | Scoop.it
The sports car manufacturer priced its initial public offering on Tuesday at $52 a share, the top end of an expected price range, raising more than $894 million for its corporate parent, Fiat Chrysler.
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The sports car manufacturer priced its initial public offering on Tuesday at $52 a share, the top end of an expected price range, raising more than $894 million for its corporate parent, Fiat Chrysler. The stock sale values the racecar specialist at about $9.8 billion.

Ferrari begins trading on the New York Stock Exchange on Wednesday morning under — what else? — the ticker symbol RACE, at a tough time for European automakers. Weeks earlier, shares of its parent and those of other European automakers sagged for a time in the wake of the diesel emissions cheating scandal at Volkswagen.

It will also triumphantly enter a stock market that has proved trying for many other market debutants.

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