The team at UNSW and society are pleased to announce our first event of 2019! Partnered with MarkSoc UNSW, an industry talk has been organised for Monday the 1st of April, with notable speaker Lucy Lin.
Carrying a wealth of experience spanning over 15 years with the likes of American Express and QANTAS, Lucy has recently founded her own global, marketing firm, Forestlyn. Lucy has been instrumental in driving support for and technology by framing one of ‘Crypto’s largest global community groups in history’ boasting over 127,000 members.
This industry event aims to shed insight into the vital skills required in the realms of marketing while preparing listeners with tactical tips, essential in attracting investors into their project ideas.
Potential internship opportunities are also available*
For more information and registration, please visit the link below:
This week also saw the team host its inaugural BBQ event under the new UNSW and Society banner. The event much exceeded expectations with almost 100 new members joining UCBS!
Market Recap-
climbs to USD 4,087.16, up a single percentage point from this time last week. This comes as trade volumes soared over 383,000 transactions on Wednesday, a level unseen since January 2018 when prices were hovering around USD 17,000. As transaction volume is a strong indicator of growth, many investors are hopeful for a return back into a Bull market.
Ether (ETH) also depicted positive signs around USD 140.00, increasing 2% to the week ending March. In addition, ETH holds onto its position as largest alt coin, with market cap hanging just over USD 14.7 Billion. Most notable gains of the week were seen by Tezos (XTZ) rising by almost 12% after various developments to its platform.
In the …
US COMMODITIES FUTURES COMMISSION (CFTC) URGED TO PROMOTE
HSBC has been the latest to call on the US CFTC to advocate more strongly, the benefits of technology and in particular, distributed ledged technology (DLT). The world’s 7th largest bank hopes to appeal and drive firms late or hesitant to jump on this widespread phenomenon. After altering payment systems processes in 2018, HSBC has found much success in implementation having completed over $250 billion in ‘-Processed Transactions’ in 2018 alone. Despite the of new technology not necessarily “Being hindered”, HSBC’s vice president, Jesse Drennan claimed that one of the main barriers preventing this by businesses was . Furthermore, Drennan urged that the commission had considerable scope in clarifying these regulatory standards in a bid to create “Positive noise” surrounding the of DLT.
LIVE STREAMING VIDEO PLATFORM- TWITCH LATEST TO STOP PAYMENTS
Following in the footsteps of Expedia, a hotel booking site, Twitch has also recently decided to cancel payment options in the form of , most notably-. Though the motive behind this decision is unclear, it is speculated that a ‘low transaction volume’ may be the principal drive. In addition, many users have responded since, claiming to be unaware that this payment feature was even offered. Other well-known companies such as Microsoft have also suspended transactions blaming price “Instability” as the case. Here, the issue lies in whether or not this will stem further impediments for proponents striving to enhance the legitimacy of , being recognised as a future ‘Medium of exchange’.
SINGAPORE-BASED EXCHANGE HACKED
DragonEx- Ranked 31st in the world in terms of trade volume, has announced that on March 24th, it had “Encountered hacks from attackers” which saw crypto assets transferred and stolen. Wallet addresses were provided by the firm and included a range of highly capped currencies- , , and . It still remains uncertain as to the value of assets lost, however, estimates suggest the addresses disclosed, total to well over $200,000 in and $500,000 in alone. Despite these losses incurred, users of these funds were put at ease as DragonEx later revealed that it would bear full responsibility for the loss and work until all users were compensated. Though it is unclear in regards to the security systems integrated by DragonEx in protecting user funds, it is evident that increasing use of ‘Cold storage’ among well-known exchanges such as and may greatly reduce risks of breaches to security. Simply, a ‘Cold storage’ ensures wallets stand offline, greatly enhancing the difficulty for hackers to access these funds.
DISCLAIMER:
This article provides information of a general nature. You are not authorised to rely on this article or any other article published by UCBS for legal advice, business advice, or advice of any other kind. The authors at the time of writing hold various including those discussed herein. In no way are the authors, UCBS or any of its affiliates responsible for any actions or investment decisions made by you in reliance upon this article, or any other article published by the authors or UCBS.
Published at Fri, 29 Mar 2019 07:10:48 +0000
