Communities Will Shape the Next Revolution in Business, Says Coupa CEO 5739

The power of community will fuel a revolution in the way we do business. This is the premise of Coupa Chairman and CEO Rob Bernshteyn’s new book, Smarter Together: How Communities are Shaping the Next Revolution in Business, which published today (Greenleaf Book Group, September 2020).

The book’s core idea is that none of us is as smart as all of us, and that leveraging anonymous, aggregate data from all members of the community will be the answer to the question of where we can find additional information to drive value in today’s increasingly competitive marketplace. Bernshteyn refers to this concept as Community Intelligence, and views it as a game-changer that will enable businesses to operate with more efficiency and agility in the future.

“The confluence of community and technology in the enterprise software industry is showing signs of incredible potential. Finally, we are amassing enough data, generating the computing speed required, and thus starting to gain the benefits that are coming with instant information sharing and collaboration,” said Bernshteyn. “I couldn’t be more convinced that now is the time for businesses to adopt Community Intelligence, which is in part, why I wrote the book. It’s very much a call-to-action to join this revolution, and in doing so, we will all become smarter together.”

“In the past two decades, the most powerful consumer companies building the best products and business models have leveraged Community Intelligence in new ways to deliver tremendous value to users, to partners, and to investors. In the near future, most enterprise companies will either adopt this weapon or be destroyed by new entrants to their fields who do,” said Noam Bardin, CEO at Waze. “Rob Bernshteyn’s book is a great analysis of this weapon and a practical guide to how to use it in the business, rather than consumer, market. Your current or future competitor is reading it and applying it to your industry. Ignore it at your own peril.”

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An Overview of the StormGain Cryptocurrency Platform 6361

StormGain

The major players have already successfully cemented their positions in the cryptocurrency market. As a consequence, new platforms appear much less frequently than they did five years ago. And this is precisely why much more attention is now paid to new entrants to the market. One of the newest and most up-and-coming players in the cryptocurrency market is StormGain. Today, we are going to take a closer look at this platform’s features.

An introduction to the StormGain cryptocurrency platform

StormGain started operations in 2019. The target market for this cryptocurrency platform consists of both beginners and experienced cryptotraders – cryptocurrency enthusiasts who need to be able to quickly and efficiently convert their digital money. Among these, there are also cryptocurrency investors looking to earn a stable income.

StormGain users are able to choose from a large selection of trading instruments. These include both in-demand crypto instruments, such as Bitcoin, Ethereum and the like, as well as less popular options like Tron, Bitcoin Gold, etc.

Even though the platform is relatively new to the market, it has already made a good reputation for itself. The traders who use it often compare it to services like Kraken and Huobi Binance. In addition, StormGain is also the official sponsor of one of the English Premier League’s leading clubs – Newcastle United, which is a significant factor for earning the trust of users and potential clients.

Registration

The registration process has been made as simple as possible when compared to many other platforms. To register, all you need is an email address and phone number. The user then enters any other necessary details via their personal account.

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The registration process is similar to those of other cryptocurrency providers:

  1. First you go to the “Registration” tab.
  2. Then, you enter your personal information (email address, phone number and password) and agree to the Terms of Use.
  3. Finally, you must confirm the email address you provided at registration (required for the deposit/withdrawal of funds).

Once you’ve done that, you will then be able to use all the features of the cryptocurrency platform.

Deposit and withdrawal of funds

As already mentioned, the platform only supports cryptocurrencies, which facilitates easy wallet deposits and withdrawals.

If you have used other wallets to store cryptocurrency in the past and still have coins left in them, all you need to do is perform a simple inter-wallet transfer to fund your StormGain account with any of the cryptocurrencies supported by the platform. It’s worth noting that the main cryptocurrency used on this platform is Tether. This means that all payments will be carried out using this currency.

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StormGain charges no commission on deposits made in cryptocurrency. That said, there are minimum deposit amounts in place (for example, for Tether this is 50 USDT and for Bitcoin it is 0.005 BTC).

The second option for depositing funds to your wallet involves the use of third-party services enabling the exchange of fiat money for cryptocurrencies. To use this method, you’ll need a StormGain wallet address.

The developers of the StormGain platform took great care to make it as easy as possible to add funds to your account and have even provided the option of depositing funds directly to your wallet via your debit/credit card. To do this, all you need to do is select the desired cryptocurrency and the corresponding payment method from the list. However, you should be aware of the following restrictions:

  • the maximum deposit amount is USD $20,000;
  • a commission of 5% of the deposit amount (but not less than USD $10) will be charged.

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Although StormGain charges a debit/credit card deposit fee, this method eliminates the need to use third-party services. All transactions take place within the StormGain trading platform and are conducted automatically over encrypted connections. As a result, transaction speeds are much faster and your funds are much better protected.

Withdrawals are also processed very quickly. If you are going to withdraw funds to a cryptocurrency wallet, then all you have to do is select the cryptocurrency you need and enter the wallet address. Commission on crypto transactions is fixed at 0.1%, regardless of the currency you are withdrawing.

Trading

StormGain offers much higher leverage than most other platforms. This is one of the key advantages StormGain has over other trading platforms and we will talk more about it in this section.

StormGain offers trading in all the most popular cryptocurrencies, including Bitcoin, Tether, IOTA, Bitcoin Cash, Monero and many more besides. In total, around 30 cryptocurrencies are available to trade on the platform, which is enough to satisfy the needs of the majority of cryptocurrency users.

Cryptomarket analysis tools

The platform provides more than 40 indicators to assist with technical analysis. These include ready-made graphic patterns and profit/risk calculators.

Particular attention should be paid to the traders’ sentiment indicator, as it has a great influence on any strategy modifications. This gives StormGain a huge advantage over other cryptocurrency platforms since the provision of such an indicator is rare. It helps users identify the prevailing trend and make decisions about future trading operations.

Order types

StormGain offers four main types of orders. The first is the Market Order, which is the default option and corresponds to real-time trades. The second type is known as a Limit Order. It involves buying or selling assets when their price reaches a certain level. In addition to these, StormGain also supports Stop Loss and Take Profit orders, which are used respectively to limit losses or lock in profits before its too late.

Multiplier

The multiplier is one of the StormGain trading platform’s core selling points. It is no secret that many platforms allow cryptotraders to risk more funds than they have available on their account.  For the purposes of comparison, the world-famous cryptocurrency platform Binance allows users to trade with leverage of 1:5. The same amount of leverage is also available on Huobi. Meanwhile, a platform as popular as Cex.io only allows leveraged trading up to 1:3. StormGain, on the other hand, offers multipliers up to 1:200. This is much higher than the amount offered by other platforms.

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This multiplier allows you to benefit more from less intense price movement, even if your starting capital is very small. Nonetheless, it is worth remembering that using a multiplier also increases your risk when trading.

Platform features

StormGain provides a lot of bonuses and special features for its users. It was precisely these bonuses and features that enabled the platform to quickly gain in popularity and build trust among cryptocurrency traders.

Extended loyalty programme

The StormGain platform provides its users with some of the best trading terms around. The company offers several different loyalty levels, each with its own unique set of bonuses.

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As you can see, your individual account type can greatly improve the terms you receive as a trader on the platform. The higher your account status, the more bonuses you will be eligible for. These might include, for example, an increased bonus for account deposits or a discount on trading commission.

How to qualify for a given status

Each user is automatically assigned a certain status depending on their account balance or monthly trading volume. In other words, the more active you are, the higher your status. Likewise, if your activity drops over the course of a given month, your status will also drop.

Mobile trading

StormGain has its very own trading platform, which is also available for Android and iOS. This means that you can always keep abreast of any developments on the cryptocurrency market and carry out transactions from almost any device, anywhere. As the cryptocurrency market is open for trading 24/7 (including weekends and public holidays), this allows users to quickly respond to market events as and when they take place.

Training

The platform provides plenty of great opportunities to help you prepare for your first real trade. If you take look in your account, you will find video tutorials that deal with everything from the ins and outs of trading with StormGain to basic trading skills. These lessons will be very useful both for newbies at the beginning of their cryptotrading journeys and experienced traders looking to refresh their knowledge.

What’s more, the StormGain trading platform also allows users to practice making trades on a free demo account. The demo account gives everyone the opportunity to try their hand at trading without the need to risk their own funds.

It’s important to note that the demo account is available for use at any time. Therefore, even if you are already well-versed in trading, you can always switch from your real account to a demo account in order to test out new strategies.

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Security

Security has always been a very important element of any online service. But when it’s also client funds and not just user data that is at stake, then any platform for trading cryptocurrency must provide the highest level of protection. What kind of protection is offered by StormGain?

First off, it provides the ability to create a “cold wallet”. This is one of the unique features of the StormGain trading platform. On most platforms which deal with a large number of different cryptocurrencies, there are no “cold wallets”. This type of wallet exists offline and is immune from any malicious intruders.

The second key feature is the ability to activate two-factor authentication using Google Authenticator. The StormGain team strongly recommends connecting 2FA so that your account is protected even in case of the loss of login data.

The StormGain platform is trusted by users worldwide. The partnership with Newcastle United football club plays an important role in this. In addition, the platform is a member of the Blockchain Association which itself operates under under the auspices of the Financial Commission.

Support

The level of customer support can make a platform the best in the world or make its users hate it. For cryptocurrency platforms, the customer service element is no less important than that of making the service secure.

StormGain offers customer support via:

  • online chat;
  • Telegram;
  • e-mail;
  • telephone.

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In other words, all the ways of communication with the project team have been thought out. Depending on your problem and preferences, you can choose any method and quickly find a solution.

Conclusion

The StormGain cryptocurrency platform is a fairly young project. Nevertheless, in just over a year and a half of its existence, it has been able to earn the trust of its users and demonstrate excellent quality of services.

One of the platform’s “disadvantages” is that the minimum deposit amount is quite high. But given the extensive functionality, the presence of a loyalty and training program, the high level of security and other positive aspects offered by the StormGain trading platform, it can be argued that this platform has high potential. StormGain directly competed with the established leaders in the cryptocurrency trading platform market and is a great choice for both beginners and experienced traders.

Chainlink Acquires DECO from Cornell University 6449

Smart Contract Summit — Chainlink, the most widely used decentralized financial data source, securing over $3B in value, announced today that it has acquired DECO from Cornell University. DECO is an improvement on how to utilize HTTPS/TLS for data transmission across the internet, developed by Dr. Ari Juels, the former Chief Scientist of RSA, one of the world’s largest security companies. Juels previously formalized Proof of Work, which is now used to secure the more than $300B in cryptocurrency stored across Bitcoin, Ethereum and thousands of other cryptocurrencies.

Dr. Juels will also be joining Chainlink Labs as its new Chief Scientist, where he will direct the research program and continue to oversee the implementation of DECO, as well as various additional groundbreaking Web 3.0 technologies.

“DECO’s ability to provide previously unavailable data security when transferring data over the internet, will greatly increase the private and premium data that becomes available for use by all Web 2.0 and Web 3.0 applications,” said Sergey Nazarov, Co-founder of Chainlink.

“We have long collaborated with Ari Juels; this acquisition enables us to fully integrate DECO’s unique data security capabilities within Chainlink, which already secures more than $3 billion in value, while also expanding the scope of what Chainlink/DECO validated data can now be used for, well beyond blockchains.”

“We’re truly thrilled and grateful to be working with a world class inventor like Ari. Knowing that he is directing Chainlink Lab’s research and future architecture, puts Chainlink in a position to succeed as the global standard for both validated data and secure data transmission.”

By extending the data security capabilities of HTTPS and TLS, the most widely formats for transmitting all internet data, DECO is able to guarantee that data remains private and untampered with during its delivery from various private and premium data sources. It does so by employing advanced cryptography and zero-knowledge proofs from any server using HTTPS/TLS, without revealing that data to the outside world or even to the final computation using the data. DECO creates a new method of providing private and premium data across the internet, while maintaining its confidentiality and security at previously unachievable levels.

“I’m delighted to intensify my involvement with the Chainlink team in my new role as Chief Scientist of Chainlink Labs. With its strong focus on cutting-edge research for high-trust systems such as blockchains and prominence as a provider of oracle technologies, I think Chainlink is ideally positioned to bring DECO to production,” said Prof. Juels.

This additional level of data security can be considered an order of magnitude improvement in the way that data is transmitted over the internet, enabling various previously inaccessible data to be made accessible to both existing web systems and various blockchains/smart contracts. For example, using a DECO enabled Chainlink Node:

Bittrex Global Announces Listing of Sensorium 6812

The global cryptocurrency exchange Bittrex Global has announced the listing of SENSO token, the in-platform currency of Sensorium Galaxy, a social VR platform that rethinks the way people interact with each other and experience the arts. Developed on the Ethereum platform, SENSO token drives all value transactions within the VR alternate universe. Sensorium Galaxy is being built in partnership with world-known artists and producers, including the creator of the nightlife hubs Ushuaïa Ibiza and Hï Ibiza Yann Pissenem.

Similar to popular games like Fortnite, the business model of Sensorium Galaxy is based on a free-to-play model, where profits come from event ticket sales, premium accounts, and in-game merchandise. The company expects to acquire over 1.8 million users by the end of 2022 who would pay for access to the content exclusively with SENSO tokens.

The listing will take place on Tuesday, Aug. 25, with trading of the SENSO-ETH and SENSO-BTC pairs opening at 11:00 a.m. PDT.

Sensorium Galaxy will go live in H1 2021. It was first introduced to the public in 2019 at the Electronic Entertainment Expo (E3) in Los Angeles, United States. Since its foundation in 2018, it has attracted over $100 million in investments.

OCB Life to Launch Breakthrough BchainLife Blockchain 3.0 Technology Next Year 6482

OCB Life has developed a number of innovative Blockchain applications across multiple industries. As part of the company’s strategic plans, OCB Life intends to set up a decentralized, peer-to-peer exchange for financial products in the future. OCB Life also plans to create decentralized investment tools in Switzerland or Malta, which are recorded on blockchain representing investments in traditional assets such as stocks, bonds, funds and real estate investment trusts.

OCB Life will migrate to its proprietary BchainLife Hybrid Blockchain 3.0 and Smart Contract 2.0 platform next year. The blockchain engineers are also working on the development of open-source, decentralized applications (DApp) that use blockchain with smart contracts combined with the pillars of Swarm and Whisper, as well as other decentralized finance (DeFi) applications to re-create traditional financial instruments in decentralized architecture.

In its Strategic Plan for 2020 – 2024, OCB Life has assigned each business unit in the region to lead a specific area of responsibility:

  • OCB Life Singapore: development of BchainLife Hybrid Blockchain 3.0 and Smart Contract 2.0 platform
  • OCB Life USA: development of a decentralized Exchange
  • OCB Life Thailand: development of DApp and DeFi applications for decentralized electronic payment, and setting up of an investment fund
  • OCB Life Vietnam: planning and execution of media and public relations, as well as management of e-commerce transactions.

The key objective of BchainLife Blockchain 3.0 and Smart Contract 2.0 is to provide a platform for organizations, businesses and individuals to develop their own blockchain applications efficiently and at low cost. Future applications of Blockchain technology include: prevention of identity theft, governance for tax and online voting, supply-chain tracking to control counterfeit goods, manufacturing of pharmaceuticals and agricultural products, etc.

In order to help more people understand the power of Blockchain, OCB Life is offering ten awards of scholarship for a two-month online course on “Blockchain: Technologies and Applications for Business” conducted by the world-renowned Berkeley Haas and Executive Education Faculty of the University of California Berkeley. The online course will run from 19th November 2020 to 28th January 2021.

To help promote awareness for Blockchain and encourage life-changing innovations through blockchain applications, OCB Life is planning to be a Gold Sponsor for the coming Singapore Fintech Festival 2020, subject to final confirmation on the event schedule.

Tips for Crypto Users Seeking Better Security 6924

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Cryptocurrencies have come to change the way we see, and interact with, money forever. The idea that there could be a form of transaction where everyone is their own bank is something interesting. That there is a piece of technology behind it that doesn’t require the oversight of anyone else is also laudable. However, no good thing is without its flaws.

Cryptocurrency hacks and breaches are not uncommon globally. The very fact that every transaction is anonymous makes this a darkling of hackers. After all, they can now steal from people without the fear of their names ever showing up on the transaction sheet.

So that you do not fall into the traps of these hackers and scammers, here are some best practices with cryptocurrency.

1 Too Good to be True?

The crypto market enjoys some volatility which allows traders to take profits – big profits even – faster than investment in some other instruments would have provided. However, there is a cap to how much profits can be enjoyed – and there are swings that could wipe out entire profits and even capital.

However, some scammers leverage the volatility of these cryptos to announce high yield investment programs to the public. While they might fake being operative for a while, they will usually close out soon and take all the money with them.

If it is not a licensed body, and it looks too good to be true, it probably is.

2 Secure your Account

When we talk about securing a cryptocurrency account, there are a lot of things to it.

  • Strong passwords – your crypto wallets, exchanges, and accounts are not testing grounds for poor passwords. Where you can, use random password generators to come up with reliable passwords for your accounts.
  • Set up 2FA – so that you can get that extra layer of security on your accounts. This way, only your password is not enough to get into your accounts.
  • Keep private keys safe – your private keys can be used to access your account even when the hacker does not have your password or username. As a rule, never store your private keys online – seeing as they could be accessed there easily.
  • Check for activity – some crypto accounts will notify you of recent activities on your account. This could be anything from an attempted login to a successful one. Review this periodically to know if someone is trying to game your system
  • Use secure email – since updates on your account will be sent to your email address, consider using a secure email service. You can search for these and get the best ones that appeal to your needs the more.
  • Beware of wallets/ extensions – an entrepreneur lost all his cryptocurrency holdings because he trusted a malicious wallet extension that looked like the real deal. Perform your due diligence before downloading or trusting any crypto service so that you are sure they are who they say they are.

3 Secure your Network

Besides securing your account, you also have to secure your internet connection. It is now possible to snoop on internet data to uncover password information, hijack conversations, and more.

  • Forget public Wi-Fi – public Wi-Fi networks are a menace to internet security due to their lack of encryption. Never do anything sensitive on such networks. If possible, refrain from connecting to them altogether.
  • Encrypt your connection – you don’t have to be a tech expert to do this. Try buying a VPN and layering all of your internet connection over it. This could also be a workable solution to using free/ public Wi-Fi without fear of hackers looking to steal your data.
  • Modify router settings – when at home/ using a router, change the default password on the router to something more secure. Likewise, change the name of the router so that hackers do not know what kind of hardware you are running. That could make their hacking process easier otherwise.

Final Words

Staying safe in the crypto world is a resistibility of everyone and anyone holding some coins – no matter which one. While you can get a lot out of cryptocurrencies, depending on why you are interested, that would only be possible if you have stayed on the safer side for long.

Image from Unsplash.com

SIMBA Chain Announces Connectivity to Over-260 Applications on Microsoft AppSource 6434

Blockchain innovator SIMBA Chain today announced the availability of its Smart Contract as a Service (SCaaS) platform on Microsoft AppSource, an online cloud marketplace providing tailored line-of-business solutions. With its low code and drag-and-drop approach, SIMBA Chain’s cloud-based blockchain platform democratizes distributed application (dapp) design, development, and deployment, providing a powerful business enabler that was previously the domain of elite developers with deep coding experience. By using the SIMBA Chain SCaaS platform, individuals with little or no coding experience can quickly create dapps for iOS, Android, and the web to solve a range of operational and mission-critical challenges that require secure, immutable data transmission, storage, and tracking.

Joel Neidig, CEO and co-founder of SIMBA Chain observed that inclusion on Microsoft AppSource supports “do-it-yourself” developers intent on prototyping and experimentation, as well as experienced developers who can use the platform to scale complex, enterprise-wide blockchains. “Our platform is so simple, intuitive, and fast that literally anyone with an idea can create a blockchain dapp. With the increased visibility and accessibility afforded by Microsoft AppSource, we hope to engage and motivate new users to design and test dapps for specific use cases,” Neidig continued. “Ultimately, we want empowered analysts—individuals with deep expertise in a specific industry who have an intuitive understanding of technology—to experiment with blockchain and unleash the next wave of digital transformation.”

Toby Bowers, General Manager, Business Applications Group, Microsoft Corp. said, “We’re happy to welcome the SIMBA Chain SCaaS platform to Microsoft AppSource, which gives our partners great exposure to cloud customers around the globe. Microsoft AppSource offers partner solutions such as the Simba Chain platform to help customers meet their needs faster.”

About SIMBA Chain, Inc.
Headquartered in South Bend, Indiana, SIMBA Chain is a Microsoft independent software vendor. Its SCaaS blockchain platform runs on the Microsoft Azure cloud computing platform, and the solution supports Ethereum, Quorum, RSK, Stellar, Hyperledger, and other blockchain protocols.