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Blockchain By Night Review

  As part of the 4th annual Blockchain for Finance Conference this year, on Monday 7th October, Deloitte and the Institute of Banking held a nighttime event in the Teelings Distillery in Dublin 8 called Blockchain by Night. The event, other than having some lovely whiskey cocktails using Teeling’s own tipple, served as the launch event of a collaborative project between Deloitte, Bank of Ireland, AIB, Ulster Bank and The Institute of Banking called Edq. This is the first industry education platform based on blockchain, which completed it’s pilot phase and is due to go into production in Summer 2020.

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As part of the 4th annual Blockchain for Finance Conference this year, on Monday 7th October, Deloitte and the Institute of Banking held a nighttime event in the Teelings Distillery in Dublin 8 called Blockchain by Night.

The event, other than having some lovely whiskey cocktails using Teeling’s own tipple, served as the launch event of a collaborative project between Deloitte, Bank of Ireland, AIB, Ulster Bank and The Institute of Banking called Edq. This is the first industry education platform based on blockchain, which completed it’s pilot phase and is due to go into production in Summer 2020. The platform is also aligned with the Future of Jobs initiative, and is aimed at being Europe’s first financial services industry education and credentials verification platform that uses blockchain, and won Deloitte’s Financial Services Innovation Award.

Introducing the night were Cillian Leonowicz, Co-Lead of Deloitte’s EMEA Blockchain Lab, Mary O’Dea, Chief Executive of the Institute of Banking, Professor Barbara Dooley, Dean of Graduate Studies and Deputy Registrar of UCD.

Introducing the evening, Professor Dooley said that UCD aim to be at the front of new support initiatives for the financial services industry, and see that the that the application of blockchain technology to help provide details of qualifications to prospective employers and employees in admitting and verifying qualifications. Initially it will be deployed in the College of Business to share credentials.

Following the introduction, Valarie Daunt, Human Capital Lead & Partner in Deloitte did a talk looking at the future of work in the fintech industry.

The main topic of the night was on the Edq platform, which was moderated by Kevin Gallen, Deputy Chief Executive at the Institute of Banking. Starting to explain how Edq came about, Stephen Moran, Head of R&D at Bank of Ireland said that the idea came as a result of an innovation meeting, on the back of a 2015 decision to focus on innovation. Specifically it came out of a HR sprint, and they had already partnered with Deloitte around risk and regulatory reporting. As the platform developed, as with other areas such as cheque clearing and the now defunct Laser scheme, there is a history of collaboration between banks around infrastructure, so they partnered with the Institute of Banking, AIB and Ulster Bank.

The platform particularly focuses on employees and employers in the financial services industry and uses blockchain to assist with quickly verifying credentials, identity and qualifications, as well as CPD credits management.

Carol Mullen, HR Change Manager at AIB then discussed some of the issues faced by HR managers when hiring. When someone is being onboarded, their currently is a lot of time spent by HR to prove who they are and if their credentials are valid and up-to-date. The new platform will save a lot of time in giving a real-time dashboard which will show a recruiter the qualifications of the applicant (who can choose to share their credentials) as well as with their existing staff to see who is compliant with QFA exams, CPD credits etc.

Following this, David Dalton, Financial Services Lead in Deloitte’s EMEA Blockchain Lab continued, saying that while there is lots of talk of disruption, the reality is it’s more of a transformation, and collaboration helps this. There are challenges faced by traditional financial services companies who are being challenged by fintech startups bringing an excellent customer experience. He mentioned as an example that Revolut which has 3 million customers, only has 630 employees. These are driving a need to transform legacy core platforms.

He then went on to say that they worked with ABN Amro to create a digital wealth platform. Normally if this was done internally it would take 3-4 years, but in this case they collaborated with a dozen fintech companies and did this from concept to production in 18 months.

Referring back to Edq, he said that they had to bring some people out of retirement because they were the only people who knew how some things worked within the process.

Learning from Poc was bringing the businesses with them to get buy in. Had to bring people out of retirement because they were the on people who knew how some thing worked.

The final part of the evening was an explanation of how the current recruitment process works by Derek Lawson of the Institute of Banking, followed by a demo of both the user and company dashboards by Erica Piol of Deloitte. The platform enables a user to register their profile and link their Institute of Banking records to it, and it will show them how far they are progressing with their exams and qualifications. They can also share the credentials with a current or prospective employer.

The company dashboard enables a holistic view of an organisation, showing all of the staff who are up to date, all of the staff who are in the process of doing their exams, and also where people are with their CPD credits. This enables a HR manager to see who they need to intervene with to complete exams and get into compliance with regulations.

The evening then wrapped up. We’ll be attending part of the conference so stay tuned for more information over the next few days.

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Source: https://bitcoinsinireland.com/blockchain-by-night-review/

Blockchain

Robinhood Testing New Cryptocurrency Wallet as Demand Rises

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The millennial-focused trading portal is edging closer to launching a long-awaited app that will enable its growing user-base to send and receive cryptocurrencies.

A beta version of Robinhood’s iPhone app showed the company’s latest upgrades on the new digital asset features, according to Bloomberg.

There is a hidden image showing a waiting list for users eager to get their hands on the app and code referring to crypto transfers, it added.

Delving Deeper into Crypto

Robinhood users can already buy and sell cryptocurrencies on the platform but they need to convert them to and from USD. With a native app, users will be able to send crypto assets to each other directly and set up two-factor authentication for additional security.

Robinhood Chief Executive Officer Vlad Tenev stated that adding crypto wallets is a priority for the company’s developers and they are actively working on such.


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“The ability to deposit and withdraw cryptocurrencies is tricky to do with scale, and we want to make sure it’s done correctly and properly.”

He did not specify a launch date, but the beta app leak suggests it is not too far away. Users of the new functions will need to activate crypto sending and receiving and the registration page will require an identity check, the report added.

On Sept. 11, CryptoPotato reported that Robinhood had launched incentives to promote longer-term cryptocurrency investing. The zero-fee recurring purchase feature enables users to schedule digital asset purchases for regular intervals with buys as low as a dollar.

This will encourage customers to build their cryptocurrency portfolios over time and “become a whole coiner,” stated Robinhood.

Robinhood Users Hungry For Crypto

Cryptocurrency trading has been one of the biggest drivers of revenue for Robinhood this year. Dogecoin has been the crown jewel, according to the company. It reported that 62% of its $233 million in second-quarter crypto income came from DOGE trading.

It added that more than half of all transaction-based revenue on the platform came from digital asset trading. The firm did warn that Q3 would not be as prosperous due to “seasonal headwinds and lower trading activity across the industry.”

Robinhood share prices have already fallen 43% since their all-time high of a little over $70 in early August. They are currently trading down 1.68% since Monday’s open at $40.70 according to Yahoo! Finance.

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Source: https://cryptopotato.com/robinhood-testing-new-cryptocurrency-wallet-as-demand-rises/

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Snoop Dogg Reveals His Connection With Twitter Account on NFTs

Snoop Dogg Twitter

Rate this post American rapper Snoop Dogg tweeted on Monday that he’s the owner of a Twitter account that talks about nonfungible tokens (NFTs). The account, named @CozomoMedici, shares “insights and tales from the wild world of NFTs” and has 27.7K followers at the moment. Snoop Dog Claims to Be Popular NFT Advocate on Twitter Snoop Dogg left the crypto community stunned this week after he revealed himself as the owner of a Twitter account dedicated to NFTs.  The account Cozomo de’ Medici, named after an Italian banker, is only a month old. However, it has already garnered attention from industry watchers and even a mention from crypto-focused news outlet The Block.   According to The Verge, the person behind the Medici account had been creating hype around their real identity for “at least a few days” and even conducted a poll for their followers to take a guess. The poll featured Democratic congresswoman Alexandria Ocasio-Cortez and Matt Bellamy, the lead singer of the rock band Muse. Snoop, however, was not mentioned in the poll. On September 20, @CozomoMedici tweeted that they were about to reveal their identity from their account. Shortly after, Snoop Dogg tweeted “I am @CozomoMedici.”   Interestingly, after making this revelation, the Medici account bought two weed-themed collectibles from an artist named NyanDogg, The Verge reported. Additionally, Snoop’s alleged OpenSea account has been sent  “a cloud of blunt and Snoop-themed NFTs” following the reveal. Is Medici Account an Elaborate Prank? The Medici account could likely turn out to be an elaborate prank, one that Snoop might have engineered himself or just participated in. Many reactions to Medici’s reveal have also expressed skepticism about Snoop’s involvement. “I have a hard time accepting that this account is Snoop Dogg. Like seriously Snoop Dogg muted his live stream for a week (?) by accident. And he is that deep into NFTs out here owning crypto punks… Owning Eth using OpenSea. Would love that to be true but I can’t believe it,” Twitter user @Brandolf485 wrote in the comments. Nonetheless, the crypto community will have to continue looking for concrete proof till Snoop’s involvement with the account is confirmed. 

The post Snoop Dogg Reveals His Connection With Twitter Account on NFTs appeared first on Cryptoknowmics-Crypto News and Media Platform.

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American rapper Snoop Dogg tweeted on Monday that he’s the owner of a Twitter account that talks about nonfungible tokens (NFTs). The account, named @CozomoMedici, shares “insights and tales from the wild world of NFTs” and has 27.7K followers at the moment.

Snoop Dog Claims to Be Popular NFT Advocate on Twitter

Snoop Dogg left the crypto community stunned this week after he revealed himself as the owner of a Twitter account dedicated to NFTs. 

The account Cozomo de’ Medici, named after an Italian banker, is only a month old. However, it has already garnered attention from industry watchers and even a mention from crypto-focused news outlet The Block.  

According to The Verge, the person behind the Medici account had been creating hype around their real identity for “at least a few days” and even conducted a poll for their followers to take a guess. The poll featured Democratic congresswoman Alexandria Ocasio-Cortez and Matt Bellamy, the lead singer of the rock band Muse. Snoop, however, was not mentioned in the poll.

On September 20, @CozomoMedici tweeted that they were about to reveal their identity from their account. Shortly after, Snoop Dogg tweeted “I am @CozomoMedici.”

Interestingly, after making this revelation, the Medici account bought two weed-themed collectibles from an artist named NyanDogg, The Verge reported. Additionally, Snoop’s alleged OpenSea account has been sent  “a cloud of blunt and Snoop-themed NFTs” following the reveal.

Is Medici Account an Elaborate Prank?

The Medici account could likely turn out to be an elaborate prank, one that Snoop might have engineered himself or just participated in. Many reactions to Medici’s reveal have also expressed skepticism about Snoop’s involvement.

“I have a hard time accepting that this account is Snoop Dogg. Like seriously Snoop Dogg muted his live stream for a week (?) by accident. And he is that deep into NFTs out here owning crypto punks… Owning Eth using OpenSea. Would love that to be true but I can’t believe it,” Twitter user @Brandolf485 wrote in the comments.

Nonetheless, the crypto community will have to continue looking for concrete proof till Snoop’s involvement with the account is confirmed. 

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Source: https://www.cryptoknowmics.com/news/snoop-dogg-reveals-his-connection-with-twitter-account-on-nfts/

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TA: Ethereum Breaking This Confluence Resistance Could Spark a Recovery

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Ethereum started a major decline below the $3,200 support zone against the US Dollar. ETH price traded as low as $2,807 and it is now attempting a recovery wave.

  • Ethereum started a fresh decline below the $3,300 and $3,200 support levels.
  • The price is now trading below $3,200 and the 100 hourly simple moving average.
  • There is a key bearish trend line forming with resistance near $3,020 on the hourly chart of ETH/USD (data feed via Kraken).
  • The pair could a steady recovery wave if there is a close above $3,050 in the near term.

Ethereum Price Corrects Losses

Ethereum started a major decline from the $3,500 resistance zone. ETH traded below many important support zones near $3,300 and the 100 hourly simple moving average, similar to bitcoin.

The bears gained strength below the $3,200 support zone. Finally, ether spiked below $3,000 and extended its decline. A low is formed near $2,807 and the price is now correcting losses. There was a break above the $2,920 and $2,950 resistance levels.

The price recovered above the 23.6% Fib retracement level of the recent decline from the $3,455 swing high to $2,807 low. An immediate resistance on the upside is near the $3,020 level. There is also a key bearish trend line forming with resistance near $3,020 on the hourly chart of ETH/USD.

Ethereum Price

Source: ETHUSD on TradingView.com

A close above the $3,020 and $3,050 levels could start a decent recovery. The next major resistance might be near the $3,130 level. It is near the 50% Fib retracement level of the recent decline from the $3,455 swing high to $2,807 low. A clear break and close above the $3,130 level could start a steady increase. The next major resistance sits near $3,300.

More Losses in ETH?

If ethereum fails to correct higher above the $3,020 and $3,050 resistance levels, it could start another decline. An initial support on the downside is near the $2,960 level.

The next major support seems to be forming near the $2,900 level. A downside break below the $2,900 support zone could lead the price towards the $2,800 zone. The next major support is near the $2,750 level, below which ether price might decline towards the $2,640 support zone.

Technical Indicators

Hourly MACDThe MACD for ETH/USD is slowly losing pace in the bearish zone.

Hourly RSIThe RSI for ETH/USD is still well below the 50 level.

Major Support Level – $2,960

Major Resistance Level – $3,050

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Source: https://www.newsbtc.com/analysis/eth/ethereum-confluence-resistance-3050/

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