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Showing posts from December, 2017

The Psychology of the Cryptocurrency FOMO-FUD Cycle Has Been Weaponized

It comes with little surprise that promoters of new altcoins and ICO tokens use every tool at their disposal to gain an advantage in the ever-crowded cryptocurrency market. While the positive marketing approaches are well known and widely talked about, like sponsorship deals with rappers, sport stars and other celebrities, the negative side of the business is no less important. This includes employing smear campaigns to hurt competitors and adversely affect the psychology of investors. Also Read: Securities Lawyers Say Barry Silbert Tweets Are Red Flags for Regulators Trading Psychology Terms like fake news, FUD and FOMO are too freely and frequently thrown around in cryptocurrency forums, but some people have indeed successfully weaponized these tactics. Writing in Psychology Today, Bobby Azarian, Ph.D., a cognitive neuroscientist, explains how the natural cycle of fear and greed has been hijacked to promote certain interests. Azarian writes: “During this cycle, spreaders of FO

US Blames Bitcoin Ransomware Attack Wannacry on North Korea

The US government has announced it now officially considers North Korea to be behind the Wannacry bitcoin ransomware cyber attack which caused billions of dollars in damages earlier this year. Also Read: Thomson Reuters Adds Bitcoin Cash to Eikon Platform Wannacry Writing in the Wall Street Journal, The US President’s Homeland Security Advisor Thomas P. Bossert stated that the administration now “publicly attributes the massive “Wannacry” cyberattack to North Korea.” He added that “North Korea has acted especially badly, largely unchecked, for more than a decade, and its malicious behaviour is growing more egregious. Wannacry was indiscriminately reckless.” Wannacry infiltrated Windows computers, encrypted data and demanded ransom in bitcoin to return control of the files. It is estimated to have hit over 300,000 computers in 150 countries around the world, including banks, telecom companies, and other vital economic infrastructure systems. Microsoft security researchers recently

Artificial Intelligence, Cognitive technologies & IoT spurring Digital India: Microsoft

Hyderabad, November 14, 2017: Microsoft India today showcased several projects that make use of the company’s cloud-based artificial intelligence, cognitive services and Internet of Things (IoT) technologies that can change the way citizens, enterprises and governments engage in healthcare services, agricultural practices, education and everyday work. Many of these applications are being tested out or used in the Indian states of Andhra Pradesh, Karnataka, Telangana, Punjab, Tamil Nadu and Haryana among others.  The company also put the spotlight on use of artificial intelligence in Indian language computing. “ These AI, cognitive technologies and IoT applications can help in India’s inclusive growth ,” said Sriram Rajamani, Managing Director of Microsoft Research India .  “The world is today powered by an intelligent cloud and the intelligent edge.  We are constantly pushing the boundaries of technology to benefit society. We are committed to ensure that technology is defining and

Once Coy, Hedge Funds Now Rush to Bitcoin

Bulls are on parade as hedge funds pour money into bitcoin-related projects and products. Traditional hedges have been outperformed by cryptocurrency funds in 2017, and the phenomenon has turned into a full-fledged feeding frenzy. New indices are popping up to track it all. Ecosystem stalwarts Bitgo and Bitpay expect new rounds of funding, and well-over 100 such funds are now dedicated to cryptocurrency.   Also read: SEC Ramps Up Crypto Oversight – Hires Coin ETF ”Expert” Crypto Hedge Funds Up 1,500% in 2017 Hedge funds as a whole are up a nice inflation-beating 7.5 percent as the year finishes. When placed against crypto-related industry products, legacy financial professionals are scrambling to up their game. Hedge Fund Research (HFR) President Kenneth Heins tells Lindsay Fortado: “Investor interest in funds offering exposure to blockchain technologies and cryptocurrencies has surged in recent months.” Citing “ the explosive growth in investor interest in blockchain technol

Microsoft Demonstrates Leadership in Driving Digital Transformation in India

Hyderabad, December 13, 2017: Microsoft today said that 70 of the top 100 Bombay Stock Exchange listed companies are now using Microsoft cloud to drive their digital transformation. Microsoft works with over 200,000 large, medium and small enterprises, 29 State Governments and over 5000 start-ups in the country. In the last 18 months, the company has seen many these customers start their digital transformation using the hybrid cloud. The only provider of all three clouds – private, public and hybrid – Microsoft has now launched Azure Stack for India. Azure Stack is an extension of Microsoft’s Azure cloud platform, and brings the agility and fast-paced innovation of cloud computing to on-premises environments and enables entirely new hybrid cloud scenarios. All the major Azure Stack partners HP, Dell, EMC, Lenovo and Cisco, have started shipping Azure Stack to customers in India. A large Azure Stack ready partner ecosystem has been created with partners such as Netmagic, Embee and G7