Crypto News 

Goldman Sachs Warns High-Profile Clients of Crypto Bubble

“In a lengthy document to their highest profile clients, the Goldman Sachs Private Wealth Management division has warned about the danger of investing in cryptocurrency” writes Pedro Amster for newsbtc.com. But bitcoin does not provide any of these key advantages.For the banking giant, the rise in Bitcoin and other digital currencies during 2017 is a sure signal that the entire space is in an economic bubble.During the document, Sharmin Mossavar-Rahmani and Brett Nelson (both senior officials at the Investment Strategy Group Goldman Sachs) do acknowledge some practical uses for the rapidly…

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Crypto News 

SEC chairman: public companies pivoting overnight to blockchain tech to capitalize on hype are being scrutinized, and poor legal advice is being given on ICOs

“WASHINGTON (Reuters) – The U.S. Securities and Exchange Commission (SEC) is scrutinizing public companies that change their name or business model in a bid to capitalize upon the hype surrounding blockchain technology, SEC Chairman Jay Clayton said on Monday” writes Min Read for reuters.com. Dozens of little-known companies across the globe have seen their share prices leap in recent months after unveiling plans to enter the bitcoin industry or that of its underlying distributed ledger blockchain technology.In December, the SEC temporarily suspended trading in the shares of Crypto Company (CRCW.PK),…

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Amazon Go opens to the public

“Amazon didn’t share its expansion plans for Amazon Go and said it has no plans to implement the technology at Whole Foods grocery stores” writes Daphne Howland for retaildive.com. More importantly, the technology, as with so many Amazon initiatives, is poised to elevate customer expectations of the checkout experience by design.Amazon Go remains relegated to one Seattle store, but the e-commerce giant can now see how ordinary consumers (and not just Amazon employees) use the technology. Source: retaildive.com Share This:

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Amazon Opens Checkout-Free ‘Amazon Go’ Grocery Store to the Public in Seattle

“Amazon today opened up its checkout-free grocery store ” Amazon Go ” to the Seattle public, continuing a plan that the company says has the potential to “dramatically alter brick-and-mortar retail” (via Reuters ).The new grocery store experience begins when customers walk through a turnstile and scan the Amazon Go app on their iOS [ Direct Link ] or Android device, which notifies the system that the customer is now in the store and shopping” writes Monday January for macrumors.com. Then, when they pick up an item and add it…

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Amazon’s high-tech automated grocery store of the future is also super creepy

“You walk into the store, scan your Amazon Go app as you pass through the turnstile” writes Zach Epstein for bgr.com. It’s all done via a combination of hardware and software meant to prevent lines from forming, and ensure a customer experience that no other retail store can offer.Amazon is ready to deliver another blow to retail stores, in the form of a grocery store that’s so high-tech that it doesn’t need cashiers to make sure you pay for the goods you want to purchase.On that’s the price to pay…

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Crypto News 

Shell Strengthens Blockchain Focus With Startup Investment

“Royal Dutch Shell is boosting its position in the world of blockchain through an investment in distributed ledger startup Applied Blockchain” reports pymnts.com. According to Forbes reports, Shell’s trading unit, Shell Trading International, secured a minority stake in the U.K. startup, which develops blockchain apps with a focus on smart contracts.Forbes highlighted Shell’s other blockchain activities, including its joining of a blockchain consortium with other industry giants like BP and Statoil.Together, the companies are collaborating on a blockchain platform to facilitate commodities trading for the energy market, and plan to…

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Worldpay’s Plan For Payments

“Happach described the acquisition as a marriage between a forward-thinking, U.S. payments leader and an international player with only a small U.S. footprint” reports pymnts.com. It’s time to stop differentiating between online and offline commerce, Happach emphasized, because for a merchant, it’s now all about “customer acquisition activity” across the board.Happach emphasized that Worldpay has the acceptance model to help those customers hit that sweet spot for their customers.If there were ever a proof point that the lines of commerce are blurring, look no further than these two data points,…

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Crypto News 

Bitcoin’s Lightning Network Upgrade Gets Some Hands-On Testing

“Lightning Network, a technology that many hope will make the Bitcoin payment network substantially more efficient, is becoming a reality” writes David Z for fortune.com. A simple way to think of it is that Lightning transactions are equivalent to gold-backed paper money, while the main Bitcoin blockchain is the gold.To get around that fundamental challenge, Lightning conducts transactions on private channels outside of the main network, then settles them to the primary blockchain in batches. Source: fortune.com Share This:

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CONNECT  —  SEATTLE – After a year of testing with its own employees …

“Then they open the app on their phone and scan it at the four turnstiles to enter the 1,800 square foot store” writes unknown author for usatoday.com. The company has no plans to open any more Amazon Go stores or export the technology for the time being, despite intense interest from the public.It was originally scheduled to open to the public in early 2017 but was delayed in part due to the complexity of the technology. Source: usatoday.com Share This:

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