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Tech Stock Pick: International Business Machine Corporation (IBM)

International Business Machines Corporation (IBM) is an American multinational tech firm operating in over 170 countries. The company rose through the ranks of tech titan companies as […] The post Tech Stock Pick: International Business Machine Corporation (IBM) appeared first on Hacked: Hacking Finance.
Hacked

XRP Update: Real Business vs Speculation

https://coil.com/p/Hodor/XRP-Update-Real-Business-vs-Speculation/SIaCLtS6Q   If you follow XRP, you'll want to read about the latest major developments, including the formation of a new nonprofit foundation!   𝐑𝐢𝐩𝐩𝐥𝐞 𝐍𝐞𝐰𝐬: CNBC interviews Brad Garlinghouse about Libra and blockchain regulation; The next SWELL conference is starting to become more well-defined; and Boubyan Bank becomes a member of RippleNet;   𝐂𝐨𝐢𝐥 𝐍𝐞𝐰𝐬: Coil pays out its second installment of the Coil Boosting Pilot program; The Puma Browser publishes a new version of its browser for iOS with Coil support; and DWeb publishes a short biography of Stefan Thomas.   𝐗𝐑𝐏 𝐍𝐞𝐰𝐬: Wietse Wind announces the new XRP Community Fund Foundation; Wietse Wind publishes a tool for encoding and decoding the new (optional) X-formatted XRP address; Rome Reginelli proposes the new TOML File specification; @DevNullProd shares its NYC XRP Meetup pics; Bitrue celebrates its one-year anniversary by scheduling an AMA with Curis Wang; Bitrue has decided to run its own XRP Validator; and Coingate offers cash-back for those using XRP for purchases. I hope you enjoy the read!   Thanks & Sincerely, -Hodor
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Transforming parking lots into hubs for Uber Eats and Amazon deliveries is big business — and one of the world's most prolific tech investors is now on board

ParkJockey, an app that lets you book parking spots from your phone, is transitioning into a new business it's calling "proximity as a service." The company now plans to lease parking spaces to companies like Uber and Amazon to support the gig economy.  We spoke with founder Ari Ojalvo about the transition and how he's helping support the "last-mile" problem for goods deliveries.  Click here for more BI Prime stories. The humble parking space hasn't changed much since Henry Ford's era. Sure, some of the rectangles are now reserved for hybrid cars or adorned with an electric-vehicle charger in some places, but their basic function is still to store automobiles. Ari Ojalvo is working to change that. After helping scale the iconic Brazilian-sushi hybrid chain Sushi Samba to London, Miami, and other high-flying cities around the world, the entrepreneur set his sights on a more lowly product: parking. "In the early phases it was difficult," he said in an interview with Business Insider. "Today, when you talk about dark kitchens, last-mile services, Uber, Lyft, and other things being in every city, it's no longer a question. But four years ago, it took a lot of convincing for people to understand that consumers want everything right when they order it." His first attempt to disrupt the clunky, antiquated piece of infrastructure that just doesn't seem to change wasn't unlike many other traditional industries with a digital infusion. ParkJockey allows customers to reserve and pay for a parking spot online ahead of time, avoiding the headache of circling blocks for an open curb spot or paying cash to a lot operator. In its five years of existence, the app has amassed more than 4,500 locations where a parking spot was available at the touch of a button. That was only the starting point, however, Ojalvo said. Enter: SoftBank Last month, ParkJockey secured an investment from SoftBank's Vision Fund, perhaps the world's most prolific tech investor with stakes in everything from Uber to WeWork, Nvidia, Wag, and more. That cash infusion helped catalyze a turning point in ParkJockey's journey as well. "If you think of parking garages, what they essentially are, they're just concrete slabs or open-air lots with some white lines so that you know where to park your car," Ojalvo said. "What we do, is that first of all we rip out the existing parking system and we replace it with our system, which is cloud-based, and it's got lots of different features. It's got features like license-plate recognition, features like biometric recognition, etc. so that you can frictionlessly access the property." Once inside, the empty space can support everything from food preparation for meal-delivery services like Uber Eats (also known as dark kitchens, to use industry lingo) to staging areas for package deliveries to pop-up retail stores. He's calling it "proximity as a service," a riff on the tech industry's software as a service. "If you think about what Amazon does with their servers, you no longer have to buy servers to operate your business, you basically rent quote unquote space from their servers, right from the cloud, and they call it infrastructure as a service," he said. "And that's what we do, we call it proximity as the service." And while it's a revolution for what many Americans might think of as parking lots, Ojalvo says it's really just about getting space back that was used for similar logistics problems decades ago. "If you go to Dumbo, for example," Ojalvo said, referring to the chic district on Brooklyn's waterfront now populated by expensive loft apartments and luxury storefronts, "you'll see all the warehouses that used to exist. It used to be possible to deliver goods from Brooklyn to Manhattan, and that was when consumer expectations weren't even as high." "Today, Brooklyn to Manhattan is too far, and people want their orders in two days," he continued. "So while those old warehouses might not be suitable, we're making new warehouse space to keep up with that demand." It's part of a growing trend to disrupt the humble parking space Ojalvo isn't alone in eyeing the value that parking spots, which make up a massive chunk of American cities, could contain. According to data from CB Insights, $428 million in 68 equity deals poured into the space (no pun intended), up from 63 deals the year before. This year is already on track to top both of those. "You have hundreds of parking startups that were launching every year," Ojalvo said. "And the next year, two thirds of these companies will go out of business because they weren't able to gain a foothold. So it's not new, but what happened, I think, is that with the focus on the last mile and with the focus on congestion and new mobility solutions, it's really gone through the roof."SEE ALSO: Here's the pitch deck Careem used to secure its first round of venture capital. 6 years later, Uber acquired it in a $3 billion deal Join the conversation about this story » NOW WATCH: Will Boeing recover from the 737 Max crisis?
Business Insider

The Potential Hidden Costs of Deploying Multi-Factor Authentication in Your Business

By Adrian Jones, CEO at Swivel Secure With the sharp rise in cybercrime, it is a growing concern that irrelevant of size, geography, or industry, businesses could be at risk of cybercrime, if they have not taken precautions to protect it. Adrian Jones, CEO at Swivel Secure With technology constantly evolving, many organisations are choosing to deploy a multi-factor authentication (MFA) solution, rather than a two-factor authentication (2FA) solution because of the increased protection it provides their business.   For example, if a business has data that is perceived as critical and a core part of the business, such as patents or customer data, protecting it will full MFA would ensure the users accessing that information are legitimate. Proving their identity with something that they have (mobile device), something that they know (PIN or one-time code) and something that they are (fingerprint). If this could be utilised dynamically in the business so users can only authenticate with methods appropriate to the information they are trying to access, then it also ensures efficiency is optimised without compromising security.  But how much does a business have to compromise when it comes to the investment? many organisations are choosing to deploy a multi-factor authentication (MFA) solution, rather than a two-factor authentication (2FA) solution because of the increased protection it provides their business.   Upfront investment considerations There are initial upfront costs including licenses and hardware needs, plus Professional Services depending on change control requirements to reduce the burden on internal IT professionals. Businesses will also come up against help desk costs during deployment for end-users, and the shipping of the tokens if an organisation chooses to purchase hardware tokens for authenticating their stakeholders. Other upfront costs could be less tangible such as training and a price attributed to the increased productivity to enrolling users to authenticate using the platform. However, whether the costs or tangible or not, the total cost of ownership (TCO) is sometimes overlooked with the initial enthusiasm to minimise disruption of network restructure or to switch authentication solution. Considering total cost of ownership of your new solution Once businesses have deployed their solution and the training has started to pay dividends, with a decrease in calls for assistance; teething problems have become more of a blur than a nightmare, businesses then receive their invoice for the maintenance renewal.   No sugar coating it – maintenance renewal can be very expensive, and the costs are not always transparent during initial discussions.  With focus on the proof of concept (POC) and ease of deployment, it is easy to see why ongoing costs are not always discussed or explored.   Ongoing maintenance costs can include help desks costs for end-users or IT admin time for administrators.  Some suppliers will also charge for patches and upgrades, new connectors or integrations, and even data centre charges such as utility costs. maintenance renewal can be very expensive, and the costs are not always transparent during initial discussions. Implementing a solution like MFA is no mean feat and not surprisingly, some suppliers will rely on businesses stomaching the large ongoing maintenance costs because the thought of going through the whole exercise again is just too much to bear. Due Diligence It sounds simple, but ensuring businesses perform due diligence before signing on the dotted line is essential, if they don’t want any nasty surprises after smugly surviving the first twelve months. Everybody wants an easy life, especially when it comes to deploying something like MFA within their organisation, but it’s easy to get wrapped up in the ‘plug and play’ selling point, without realising the hefty invoices that will follow. To help businesses ask the right questions when they start exploring MFA solutions, here are some recommendations that should be considered at the outset. Ongoing maintenance costs for administrators: Are there any costs associated with the support for hardware and software? What are the costs for patches and upgrades? Is there a cost for additional connections or integrations? Are there any data centre charges? What is the charge for IT admin time? Ongoing maintenance costs for users: Is there a cost for lost or damaged tokens? What are the costs for token license renewals? Are there any shipping costs involved? What are the costs for help desk for users? Costs associated with productivity As well as ongoing maintenance costs, other costs such as those associated with productivity continue to grow in importance.  It is easy to see why the costs associated with productivity is a big advantage, with the senior management team keen to ensure both the implementation of the MFA solution, and the continued authentication of users bring minimum disruption to the business. ensuring businesses perform due diligence before signing on the dotted line is essential. Time per authentication can be a big selling point, but ensuring the chosen solution incorporates features such as risk-based authentication (RBA) as standard, means the user will only ever have to authenticate with the appropriate level or method.  For instance, if they are working in the office and logging into Office 365, they may just require one method or factor. If the same user is trying to access their customer relationship management (CRM) database remotely, using a personal device, they may require full multi-factor authentication.  Even then they may be denied access, depending on how the administrator has set them up. The point is, a dynamic solution can provide the appropriate level of authentication per user, per application basis, ensuring productivity is maximised, without compromising security.  Some MFA providers automatically include the RBA feature as standard, but most will add a surcharge to the license. Full functionality, accessibility and configurability as standard Each organisation has different architecture and this will impact the requirements.  However, some features are universal and designed to provide: Efficiency such as single sign-on (SSO), where users only need to authenticate once to access all of their applications Flexibility such as RBA Productivity with user portals which allow users to reset their PINs and provision their mobile device autonomously  Other surcharges can be added for each additional method (factor) of authentication.  Using a solution with RBA might provide both increased flexibility and productivity, but if businesses get charged for utilising more than one authentication method, then it will counterbalance the advantages.  Ensuring users have accessibility to all available methods of authentication as standard, will ensure they benefit from features such as RBA without the added cost of using more than one factor. a dynamic solution can provide the appropriate level of authentication per user, per application basis, ensuring productivity is maximised, without compromising security. Overall, once a business has made all its decisions and found the right solution, they need to question the likelihood of any requirement to amend the configuration, software or connections in the future. This is likely to cost the organisation considerable investment, so ensuring they understand the configurability and adaptability of the solution is paramount. Documenting the differences between suppliers is never going to be easy. However, considering the full offering including features, factors and on-going maintenance costs (for both administrators and end-users), should help to illustrate the full investment of implementing the solution. The post The Potential Hidden Costs of Deploying Multi-Factor Authentication in Your Business appeared first on The Fintech Times.
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DIGEST

Zcash unveiled an already fixed vulnerability, US presidential candidate McAfee the debtor, QuadrigaCX seeking protection and justice, Kraken's new partnership, evidence of BTC decentralization improvements, rumors as for Bakkt, a bunch of news from Ripple and Telegram TON updates

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OPINION

Why Thinking In Terms Of Crypto Doesn't Work

The developers of Samurai wallet removed fiat conversions, explaining that people should understand that by sending Bitcoin they send Bitcoin, not dollars, so there's no need to think in fiat terms. But this seems like an improper decision...

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DIGEST

Casper code release, EOS launches Space Invaders, Bill Gates against BTC, Palihapitiya defends BTC, McAfee's prediction, Fundstrat's prediction, Novogratz partners with Bloomberg, Kohn's opinion, ETH image, Vitalik Buterin about privacy, SEC about understanding crypto, NYSE launches BTC trading desk, Telegram Passport test, Nvidia's revenue, blockchain development in China

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DIGEST

Iran coin, Error in EOS, IOTA and Kontrol Energy partnership, France lowers tax, Bitcoin.com fixes its webpage, Sharding is coming, South Korea explores crypto industry, Alexis Ohanian's prediction, Telegram abandons public sale, Ripple faces UK Parliament, Google adds BigInt to V8, IMF report, Goldman Sachs will trade BTC, Cardano and Ethiopia partnership

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Fan tokens draw new users to crypto with the latest club addition, AS Roma

Blockchain is stepping further into the sports arena, as cryptocurrency company Socios partners with soccer team AS Roma to offer a fan token, according to a statement from the club.  The token will find its way to fans through the Socios app. There, it'll be tradeable against the Socios native token, $CHZ, currently listed on BitMax and KuCoin, as well as Binance DEX - Binance's decentralized exchange. The tokens are accessed on Socios.com, but housed on a separate permissioned side chain, where each club becomes a Node with Proof Of Authority (POA) from $CHZ. In order to access the club token through a Fan Token Offering, fans must first hold $CHZ. The move could open crypto to a wider user base, since the tokens allow fans to have a voice in their club. The tokens five supporters the right to vote on certain club decisions. They'll be set at a price of two euros, but fans can also earn them by interacting with AS Roma on the Socios app. Fans can also "hunt" tokens for free through the app's augmented-reality geo-location feature Token Hunt. However, AS Roma isn't the only club interacting with fans through crypto. Indeed, clubs from different leagues including Paris Saint-Germain, Juventus and West Ham United have all created fan tokens for supporters. Alexandre Dreyfus, chief executive & founder of Socios.com, said AS Roma's fan base along with other participating clubs draw hundreds of millions of users.
The Block Crypto

What does it take to be part of the next wave of Bitcoin Billionaires? Tim Draper answers

As crypto ecosystem consistently redefines its new peak in terms of adoption, fiat investors and new players are seeking opportunities to be a part of the next wave of Bitcoin Billionaires. One of the early birds, Tim Draper leads this space in terms of making sizable investments and returns in Bitcoin. Having complete faith in Bitcoin’s […] The post What does it take to be part of the next wave of Bitcoin Billionaires? Tim Draper answers appeared first on AMBCrypto.
AMBCrypto

Bitcoin Law Review - Blockstack's Reg A+, CFTC vs Bitmex, Gov't vs Libra/Crypto

https://ToneVays.com by @ToneVays https://twitter.com/ToneVays Topic 1: Reg A+ & Blockstack https://www.sec.gov/Archives/edgar/data/1719379/000110465919020748/a18-15736_1ex1a15addexhbd6.htm https://www.theblockcrypto.com/2019/07/12/blockstack-garners-reg-a-approval-but-that-doesnt-mean-crypto-icos-will-boom/ Leads into Topic 1a on Broker-Dealers & Custody https://twitter.com/philipliu/status/1149907881061302272?s=12 https://www.sec.gov/news/public-statement/joint-staff-statement-broker-dealer-custody-digital-asset-securities https://bitcoinmagazine.com/articles/op-ed-latest-finra-sec-security-token-custody-rules Topic 2: Government vs Libra/Crypto https://twitter.com/realDonaldTrump/status/1149472282584072192?s=09 https://www.cnbc.com/2019/07/18/first-on-cnbc-cnbc-transcript-treasury-secretary-steven-mnuchin-speaks-with-cnbcs-squawk-box-today.html https://www.cnbc.com/2019/07/18/mnuchin-says-us-will-ensure-bitcoin-doesnt-become-like-anonymous.html https://www.cnbc.com/2019/07/18/first-on-cnbc-cnbc-transcript-treasury-secretary-steven-mnuchin-speaks-with-cnbcs-squawk-box-today.html https://brianoflondon.me/2019/07/facebook-lied-about-the-cryptocurrency-industry-to-destroy-it/ https://www.youtube.com/watch?v=9-ZTkCNW0w8 https://www.cnbc.com/2019/07/16/i-like-bitcoin-says-house-gop-leader-mccarthy-hits-facebook-libra.html Topic 3: Crypto Exchanges https://www.bloomberg.com/news/articles/2019-07-19/u-s-regulator-probing-crypto-exchange-bitmex-over-client-trades https://twitter.com/notsofast/status/1151864421414838274?s=21 https://www.coindesk.com/ex-ceo-of-crypto-exchange-wex-arrested-in-italy https://www.coindesk.com/mt-gox-founder-hit-with-lawsuit-over-alleged-fraudulent-misrepresentation https://www.scribd.com/document/414569311/Steinmetz-Jones-v-s-McCaleb#from_embed https://www.thedailybeast.com/behind-the-biggest-bitcoin-heist-in-history-inside-the-implosion-of-mt-gox?ref=scroll Topic 3a - Update on Bitfinex vs NYAG https://ambcrypto.com/new-york-ags-court-filings-written-in-bad-faith-and-riddled-with-false-assertions-says-bitfinexs-rebuttal/ https://www.coindesk.com/bitfinex-ny-prosecutors-tether-850-million-allege https://iapps.courts.state.ny.us/fbem/DocumentDisplayServlet?documentId=vIexA1b0spKOnK_PLUS_ZUGTJ3A==&system=prod https://breakermag.com/crypto-capital-is-the-common-thread-between-bitfinex-quadrigacx-and-other-troubled-exchanges/ https://decrypt.co/6824/crypto-capital-follow-up-article Topic 4: Crypto & Taxes (Time Permitting) https://www.carltonfields.com/insights/publications/2019/how-state-remote-sales-and-use-tax-statutes-may-im https://twitter.com/cryptotaxgirl/status/1148370522775797760?s=21 Topic 5: Other - Time Permitting https://www.journalofaccountancy.com/news/2019/jun/virtual-currency-not-fbar-reportable-201921479.html https://www.justice.gov/usao-sdny/pr/us-attorney-announces-arrest-and-money-laundering-charges-against-dark-web-narcotics https://cryptoslate.com/chinese-court-upholds-legal-bitcoin-ownership-btc-protected-china-property-law/ Closing Moment of Zen: https://twitter.com/Horsebox_1/status/1117955111219867648 Honorable Mention: https://www.sec.gov/corpfin/framework-investment-contract-analysis-digital-assets Please Support via Affiliate Codes: Unlimited Trading for $9 a Month at LVL: https://lvl.co/?r=kDpHhBmS Deribit to save 10% on Trading: https://www.deribit.com/reg-3221.4686 Buy/Sell Bitcoin at Paxful: https://paxful.com/?r=or4dNEDBBQX Trading View: http://tradingview.go2cloud.org/aff_c?offer_id=2&aff_id=4905&url_id=3 TorGuard VPN 50% off code & link = tone50: https://torguard.net/aff.php?aff=3782 Ugly's Lifetime Subscription: https://uglyoldgoat.com/?rid=4xyuzu Audio Podcast: https://itunes.apple.com/us/podcast/the-tone-vays-podcast/id1390209454?mt=2 See Regulation overview in each state here: https://www.carltonfields.com/state-regulations-on-virtual-currency-and-blockchain-technologies/ Tone Vays is available for Corporate Consulting at the rate of 0.3 btc per hour. Please email Tone@protonmail.ch for additional info.
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