2020 and beyond: Tech trends and human outcomes – Accountancy Age

The next decade promises to offer both incredible opportunity and challenge for all of us. Technologies like artificial intelligence (and its close friend, machine learning) will no longer be considered new but will instead be at the heart of some huge disruptive changes that will run right through our society. In particular, AI will start to enable the automation of many things that were previously deemed too complex or even too human.

Well see these changes at work traditional professions like accountancy, lawyers and others will, over time, see significant portions of what they do be taken over by virtual robots. Vocations such as lorry drivers, taxi drivers and even chefs may disappear as machines are introduced to perform the same function but with more consistent results and less risk.

Well also see these changes at home as AI will bring a host of new changes to how we live. AI will help us speak any language to anyone in the world, it will help us discover and create new content and maybe even help us decide what food to eat and when we should rest (and for how long!) in order to help us live lives that are not just more healthy, but more productive and of course more fun.

Well (hopefully) see these changes at school and in education too when we finally realise that in the 21st century, simply knowing stuff is no longer enough. Instead we might seek to use AI to build personalised learning schemes that tailor learning for every unique student such that they can reach their true potential regardless of their background, ability to learn or particular strengths and weaknesses. This could also mean the end of exams and tests as we know it as we move away from the unnecessary stress and futility of a single measure of knowledge taken at a single moment in time to a world of continuous assessment, where the system is able to measure progress as a by-product of the work that the student does every single day.

As for the technology itself, its going to continue to get quicker, cheaper, more powerful and smaller. Your huge smartphone may not be so huge by the time we get to 2030, in fact it may not be a phone at all but instead a small implant that you have inserted under your skin, just like the one we use today for our pets

Well also see the introduction of new game changing technologies like Quantum Computing. Dont be fooled, this is not just another computer but faster, the power and potential Quantum Computing offers us is almost unimaginable. Todays quantum computers are limited, complex machines that require an extreme environment in which to run, (most early quantum computers need to run at -273 degrees centigrade so dont think youre going to see one in your office or your home any time soon. But they are important because of the scale at which they operate. In simple terms, the power of todays quantum computers is measured at around 50 cubits (a cubit is a quantum computers measure of power, a bit like the digital equivalent of horse power), scientists believe that when we can get Quantum computers to 500 cubits, those computers will be able to answer as many questions as there are atoms in the world and at the same time! This is a kind of computational power that we cant even begin to imagine.

Oh and robots too. These wont be the industrial robots youre used to seeing, they might not even be the science fiction looking robots (you know, the ones that start as friends and then take over the world). These robots are going to be not just our friends, theyll be a part of our families. Its already started. If you have a smart speaker at home, youve got an early ancestor of something that will end up becoming your own personal C3PO, not just there to help you but there to provide companionship and friendship while you go about your busy lives.

But all this wont be without some risks.

Massive parts of our current labour market will be challenged by the rise of the machines. Our kids will continue to lack the skills theyre going to need to thrive and we adults are going to struggle to make sense of it all at home and at work.

The machines wont be perfect either, seeing as theyre created by humans, they end up with some human problems as a result, algorithmic bias will be one of the defining challenges of 2020 and beyond and its going to take a lot of human effort to get all of us to a point where we can trust our lives to the algorithms alone.

The good news in all of this is that the end result is still ultimately down to us humans. The real answer to what 2020 will hold for technology and how it affects us in our everyday lives will continue to be all about how we humans choose to use it. Im hopeful for a new era in 2020, one where we turn the corner in our relationship with technology and look not for dystopia, but instead we seek to ensure everyone has the right skills and ambition to build the utopia we deserve. To get there we need to teach our kids (and ourselves!) to break free of the technology that traps and disconnects us, an instead use the same technology to elevate what we could achieve not by replacing us, but by freeing us to do all of the amazing things that the technology alone cannot do. The best future awaits those that can combine the best of technological capability with the best of human ability.

Dave Coplin is former Chief Envisioning Officer for Microsoft UK, he has written two books, worked all over the world with organisations, individuals and governments all with the goal of demystifying technology and championing it as a positive transformation in our society.

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2020 and beyond: Tech trends and human outcomes - Accountancy Age

Quantum Computing Market Increase In Analysis & Development Activities Is More Boosting Demands – Market Research Sheets

The Report Titled on Global Quantum Computing Market Size, Status and Forecast 2019-2025 is a professional and in-depth study on the current state of the Quantum Computing industry with a focus on the market Overview, Classification, Industry Value, Price, Cost and Gross Profit. This Quantum Computing market report enhanced on worldwide competition by topmost prime manufactures like (D-Wave Systems, Google, IBM, Intel, Microsoft, 1QB Information Technologies, Anyon Systems, Cambridge Quantum Computing, ID Quantique, IonQ, QbitLogic, QC Ware, Quantum Circuits, Qubitekk, QxBranch, Rigetti Computing) which providing information such asCompany Profiles, Product Picture and Specification, Capacity, Production, Cost, Revenueand Contact Information. The report provides key statistics on the market status of the Quantum Computing market manufacturers and is a valuable source of guidance and direction for companies and individuals interested in the industry. Overall, the report provides an in-depth insight of 2014-2025 global Quantum Computing market covering all important parameters.

In-Depth Qualitative Analyses Include Identification and Investigation Of The Following Aspects:Quantum Computing Market Structure, Growth Drivers, Restraints and Challenges, Emerging Product Trends & Market Opportunities, Porters Fiver Forces.

Instantaneous of Quantum Computing Market:Quantum computing is a technology that applies the laws of quantum mechanics to computational ability. It includes three states, namely 1, 0 as well as the superposition of 1 and 0. Superposition indicates that two states exist at the same time. These bits are known as quantum bits or qubits. The global quantum computing market consists of the hardware that is required to develop quantum computers and its peripherals.

North America accounted for the largest share of the overall quantum computing market in 2017. On the other hand, Asia Pacific (APAC) would be the fastest growing region for quantum computing during the forecast period. This growth can be attributed to the increasing demand for quantum technology to solve the most tedious and complex problems in the defense and banking & finance industry.

On the basis of product,this report displays the sales volume, revenue (Million USD), product price, market share and growth rate ofeach type, primarily split into-

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Analysts of the report centered on respondent some key questions on Quantum Computing market. This can be to assist readers gain clear information regarding growth within the Quantum Computing market, and what are the continued changes happening which will diversify the market within the returning years.

Whatare theForemost Recent Advanced TechnologiesAdopted by Quantum Computing?

HowaretheRecent TrendsPoignantGrowth within theWorldQuantum Computing Market?

Whatarethe KeyMethodsEmployed by Players and Repair Suppliers That Are Expected to Impact the Expansion of the Quantum Computing Market?

Whatarethe ResourcesOut Therein Various Regions That Attract Leading Players within theQuantum Computing Market?

What Was theHistorical Price and What is Going to be the Forecast Price of the Quantum Computing Market?

Quantum Computing Market: Regional analysis includes:

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ResearchMozMr. Nachiket Ghumare,Tel: +1-518-621-2074USA-Canada Toll Free: 866-997-4948Email:[emailprotected]

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How 2019 Was The Tipping Point For Adoption Of Private Blockchain Solutions – Analytics India Magazine

The year 2019 saw the launch of several private blockchain roll outs in the enterprise space, both in India and across the globe. Here, one of the most important developments was the launch of Hyperledger Fabric 1.4 in January 2019, which was its first long term support release. This was an important milestone in the adoption of enterprise blockchain as maintainers of Fabric network will now provide continuous bug fixes for each following versions. Also, programming model improvements in the Node.js SDK and Node.js chaincode makes the development of decentralized applications more intuitive, allowing developers to focus on application logic.

Hyperledger has been the most prominent open source enterprise blockchain network launched in December 2015 by the Linux Foundation, and receiving contributions from IBM, Intel and SAP Ariba, to support the collaborative development of blockchain-based distributed ledgers. In 2019, apart from its Fabric blockchain product which has been used by hundreds of companies across the globe, Hyperledger Sawtooth also saw adoption from companies like Salesforce, Lamborghini, Target, Cargill.

Apart from using Hyperledger for specific enterprise use cases like supply chain management and distributed applications, other companies tweaked the open source software for serving their own customers. For example, In November 2019, Accenture announced that it developed and tested a solution called Blockchain Integration Framework which allows two or more blockchain enabled ecosystems to integrate and achieve interoperability as an end goal. A tutorial demonstrated sending an asset file between two enterprise blockchain networks, namely a generic deployment of Hyperledger Fabric and JP Morgans Quorum network using Accentures own blockchain interoperability solution, which Accenture has opensourced for all developers. Given there is a large interest among enterprises, Indias tech companies like

MindTree, Tech Mahindra joined Hyperledger Foundation to leverage its blockchain capabilities in 2019.

As far as enterprise vendors in the blockchain space are concerned, IBM clearly won the race on the global level with innovative launches. In 2019, we saw IBM introducing Trust Your Supplier Network along with blockchain consultancy firm Chainyard. Along with IBM, Fortune 500 companies including Anheuser-Busch InBev, GlaxoSmithKline, Lenovo, Nokia, Schneider Electric and Vodafone are founding participants in the Trust Your Supplier (TYS) network.

Another IBMs blockchain project called Food Trust added big players in the food sector including Walmart, Nestle, Tyson Foods, French supermarket chain Carrefour, Dole Foods, Unilever, and US grocery giants Kroger and Albertsons. Both of these blockchain networks run on the IBM Blockchain Platform which is built to run on-premises and in multi-cloud environments. With the platform, organisations can create, test and debug smart contracts, and also connect to Hyperledger Fabric. IBM also in 2019 also launched a new supply chain service caled Sterling Supply Chain Suite based on its blockchain platform and open-source software from recently-acquired Red Hat that allows developers and third-party apps to integrate legacy corporate data systems onto a distributed ledger.

Another large scale private deployment of blockchain technology in 2019 was when the OOC Oil & Gas Blockchain Consortium announced it completed a trial for blockchain-based authorization for expenditure (AFE) balloting after it acquired tech from Canadian firm GuildOne. The alliance consists of several major oil companies including Chevron, ExxonMobil and Shell. Automaker BMW and logistics provider DHL worked on a blockchain proof of concept (PoC) for the formers Asia Pacific supply chain operations to provide better visibility for parts shipped from Malaysia. In these two cases, it became clear that apart from open source technologies like Hyperledger or blockchain technologies from large vendors such as IBM, there are niche tech companies and consortiums working to develop in-house distributed ledgers for supply chains and trust/identity management.

In India, the enterprise adoption of blockchain is on the rise with multiple proof of concepts happening in both public and private enterprises. In fact, blockchain developer is Indias fastest growing emerging job role, as per a Linkedin report. To highlight the rising trend of private blockchain solutions, we saw in 2019 that major Indian IT solution providers like TCS, Infosys and Wipro launched their blockchain-focused products for businesses. Software major Infosys launched blockchain-powered distributed applications for government services, insurers and supply chain management verticals. The applications are planned for business systems to guarantee speedy deployment, and interoperability crosswise over divergent frameworks of significant value chain partners and cases including analytics and IoT (Internet of Things), Infosys said.

Services and consulting firm Tata Consultancy Services (TCS) introduced an innovative a low code development kit for organizations interested in developing and deploying blockchain technology quickly. The Quartz DevKit is a web-based development platform coupled with plug-and-play components that can be reused to help speed up the process. The company claims that these features enable shaving off as much as 40% of the total time required to develop and deploy the solutions. R Vivekananda, Global Head of Quartz at TCS, stated that they had received very positive feedback from pilot customers to their kit.

Unlike Infosys and TCS, Wipro made strides in enterprise payments space in partnership with blockchain firm R3, where the duo together developed a prototype in 2019 to execute digital currency payments for interbank financial settlements for a consortium consisting of the Bank of Thailand and 8 commercial banks in Thailand. Built as a component of the first phase of Project Inthanon, the solution will deliver de-centralized interbank real-time gross settlement (RTGS) using wholesale Central Bank Digital Currency (CBDC) in Thailand. The solution highlights that central banks across the globe are taking interest in hiring software companies to deploy blockchain solutions for payment and finance-related activities. It is to be noted that R3 developed a similar enterprise payments solution in 2019 with other companies too, including SAP and Accenture.

2019 saw multiple POCs coming into action for helping create enterprise blockchain networks for different purposes. The trend was clear- blockchain technologies created a trusted environment for data transmissions between virtual networks or devices while increasing efficiency of such exchanges. According to research, 75% of IoT technology implementers in America have already adopted distributed ledger or are working on adopting it by the end of 2020 out of more than 500 U.S. companies. Yet, Gartners Hype Cycle (above) for Blockchain Business also shows that most blockchain technologies are still 5-10 years away from transformational impact.

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How 2019 Was The Tipping Point For Adoption Of Private Blockchain Solutions - Analytics India Magazine

National Science Foundation to fund the development of a new cloud testbed – SDTimes.com

The National Science Foundation (NSF) Division of Computer and Network Systems has announced it will fund the development of a new cloud testbed, which will be designed for the research and development of new cloud computing platforms. To do so, the foundation is awarding a grant to three universities: Boston University, Northeastern University, and the University of Massachusetts Amherst.

Cloud computing plays an important role in supporting most software we use in our daily lives. This project will construct and support a testbed for research and experimentation into new cloud platforms the underlying software which provides cloud services to applications. Testbeds such as this are critical for enabling research into new cloud technologies research that requires experiments which potentially change the operation of the cloud itself. The new testbed will combine proven software technologies with a real production cloud enhanced with programmable hardware Field Programmable Gate Arrays (FPGA) capabilities not present in other facilities available to researchers today, the National Science Foundation wrote.

RELATED CONTENT: Moving to the cloud

The testbed, known as the Open Cloud Testbed, will leverage previously developed features from the CloudLab testbed with the Massachusetts Open Cloud (MOC). The MOC is a production cloud developed by government, academia, and industry.

An important part of the MOC has always been to enable cloud computing research by the academic community, said Orran Krieger, professor of Electrical and Computer Engineering at Boston University; co-director of the Red Hat Collaboratory; and PI at Massachusetts Open Cloud. This project dramatically expands our ability to support researchers both by providing much richer capabilities and by expanding from a regional to a national community of researchers.

According to Red Hat, while testbeds like this one are essential for enabling new cloud technologies, they are also important for ensuring that the services that they provide are efficient and accessible to a wide range of scientists.

The researchers will combine open-source technologies with a production cloud in order to close the gap in computing capabilities, which are currently only available to researchers. Red Hat hopes the testbed will accelerate innovation, and they will actively contribute research to the project.

This grant and the work being done by the MOC show how open source solutions can positively impact real-world challenges outside of enterprise data centers, Chris Wright, senior vice president and chief technology officer at Red Hat. Red Hat is no stranger to pioneering new ways in which open source software can be used for innovative research, and we are pleased to help drive this initiative in bringing open cloud technologies to a wider range of disciplines, from social sciences to physics, while also continuing our commitment to the next generation of open source practitioners.

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National Science Foundation to fund the development of a new cloud testbed - SDTimes.com

Julian Assanges extradition fight could turn on reports he was spied on for CIA – The Guardian

Julian Assanges fight against extradition to the US could last years, and his argument could hinge on reports he has been illegally spied upon and his sensitive information given to the CIA.

Meanwhile, more than 100 doctors from across the world have written to the Australian government, urging it to act and protect the life of its citizen, in a letter to be delivered to the foreign affairs minister on Tuesday, amid warnings Assanges health continues to deteriorate.

A judicial investigation by the Audiencia Nacional in Spain, the countrys national court, is acting on allegations that while Assange held asylum inside the Ecuadorian embassy in London, the Wikileaks founder was spied on, listened to and had his computer data scraped and that this information was sold to US intelligence agencies.

Speaking to the International Law Association in Sydney, Guy Goodwin-Gill, a professor of law at the University of New South Wales who has provided advice on asylum issues to the Assange legal team, said Assanges fight against extradition would be a long contest and that allegations he was being spied on would likely form part of legal arguments he could not receive a fair trial in the US.

Assange is currently being held in Londons Belmarsh prison, ahead of an extradition hearing that will begin in February. A US grand jury has indicted him on 18 charges 17 of which fall under the Espionage Act around conspiracy to receive, obtaining and disclosing classified diplomatic and military documents.

If convicted, Assange faces a prison term of up to 175 years.

Assanges European arrest warrant on allegations of sexual assault in Sweden has been cancelled, with prosecutors arguing there was little chance of a conviction being obtained.

But medical doctors have banded together to urge authorities to halt any extradition plans, as well as urgently release him for medical care outside of the prison.

That we, as doctors, feel ethically compelled to hold governments to account on medical grounds speaks volumes about the gravity of the medical, ethical and human rights travesties that are taking place, their letter, seen by the Guardian, states.

It is an extremely serious matter for an Australian citizens survival to be endangered by a foreign government obstructing his human right to health. It is an even more serious matter for that citizens own government to refuse to intervene, against historical precedent and numerous converging lines of medical advice.

A group of Australian MPs from across party lines have gathered to discuss what can be done for Assange, with hopes of meeting with him in Belmarsh ahead of his extradition hearing.

In allegations first reported by El Pais, a Spanish defence and private security company, Undercover Global SL, provided security for the Ecuadorian embassy, where Assange lived for seven years until April this year. According to a complaint lodged with the court by Assange, Undercover Global handed over audio and video of meetings Assange held with his lawyers and supporters inside the embassy to the CIA, breaching privacy laws and legal privilege.

Goodwin-Gill, the acting director of UNSWs Kaldor centre for international refugee law, told the International Law Association: UC Global set up a surveillance operation inside the Ecuadorian embassy: microphone, video cameras and eventually live-streaming, and it seems that everything was monitored, including lawyer-client meetings, and including the personal technical equipment of individuals who might be visiting Julian Assange at the embassy.

It appears documents videos and audio recordings have been supplied to the US authorities, probably the CIA, he said.

Included in sworn witness testimony provided to the Spanish court, Goodwin-Gill said, was evidence that a seven-hour meeting held between Assange and his legal team on Sunday 19 June 2016 was recorded. Goodwin-Gills name has been mentioned in testimony, alleging that the contents of his iPad, which had to be left outside the room during that meeting, were downloaded and the information passed to the US authorities.

Goodwin-Gill said the UK Extradition Act criticised often because it imposes unequal probable-cause standards for US and UK extraditions had a number of barriers to extradition that may be pursued by Assanges legal team.

The purported exception would see extradition refused if the court found that while the indictment purported to be made for an offence under the US Espionage Act, it was in fact made for the purpose of prosecuting or punishing the individual concerned on account of race, religion, nationality, gender, sexual orientation or political opinions.

The prejudice exception, similarly, says extradition can be refused if the court concludes that Assange might be prejudiced at his trial or punished, detained or restricted in his personal liberty by reason of his race, religion, nationality, gender, sexual orientation or political opinions.

Goodwin-Gill said European human rights law binding on the UK would also likely form part of Assanges argument to resist extradition. Article six of the European Convention on Human Rights guarantees a fair trial, while article three protects an accused person from inhuman or degrading treatment or punishment.

There, I think, is some potential for success, Goodwin-Gill said. Because I think it is not unlikely that if the European court, or indeed the British court, were to be persuaded that a sentence of 175 years was likely, that might well be considered against the background of European jurisprudence as cruel and inhuman.

Goodwin-Gill said Assanges contestating of the US extradition request could take years, decided first by the magistrates court, then the court of appeal, the UK supreme court and then, potentially, going before the European court of human rights in Strasbourg.

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Julian Assanges extradition fight could turn on reports he was spied on for CIA - The Guardian

Bitcoin Bounces Back Above $7,000 Despite Crypto Sentiment Making Sudden Shift – Forbes

Bitcoin and cryptocurrency markets have fallen sharply this week, with more than $20 billion wiped from the combined value of all cryptocurrencies over the last seven days.

The bitcoin price this week dropped below the $7,000 mark to trade at its lowest since May, when rumours surrounding Facebook's planned bitcoin rival sent the price soaring.

[Update 3:20pm EST 12/18/2019] Bitcoin staged a remarkable recovery today after a heavy sell-off earlier in the week, climbing back above the psychological $7,000 per bitcoin mark.

The recovery today comes despite bitcoin and cryptocurrency market sentiment, measured by crypto trading platform SFOX, moving from bullish to neutralsomewhat dashing hopes that bitcoin could be boosted by a so-called Santa rally in the run up to Christmas.

Stock markets often get a boost towards the end of the year by what's known as a Santa rally, with ... [+] bitcoin and crypto markets historically recording some of its biggest bull runs in December.

"Crypto prices have experienced upward movements that correspond with recent holidayspotentially because market participants may expect and try to front-run such holiday fluctuations," SFOX analysts wrote, noting that while bitcoin and crypto prices have dropped over the last few weeks, volatility has also fallen.

The SFOX reading of the bitcoin and crypto market as neutral "may be at least partly due to uncertainty regarding how bitcoin and other crypto-assets may react to upcoming investment product launches, together with holidays such as Christmas and New Years Eve," according to researchers.

Meanwhile, low trading volumes across bitcoin and crypto markets have weighed on trading sentiment for the past few months.

Technical data has also pointed to further declines for bitcoin, with its three-day candle yesterday closing below the 200-period moving averagethought to be a measure of the long-term market trend.

It's the first time the bitcoin price has breached the 200-day moving average since May, with bitcoin and crypto news outlet Coindesk reporting "bitcoin now faces stronger selling pressure."

However, SFOX highlighted the possibility of fresh institutional investment in bitcoin and cryptocurrency which could turn the market tide.

Bitcoin and crypto exchanges are beginning to roll out bitcoin options products, with the Intercontinental Exchange's Bakkt platform recording an all-time high in its open interest on December 16 even as the bitcoin price fell below $7,000.

Elsewhere, Germany has recently passed legislation that will allow the country's banks to custody bitcoin and crypto from the beginning of 2020, which "spells new regulatory clarity."

The bitcoin price has dropped by more than 20% over the last month.

Bitcoin-rivals ethereum, Ripple's XRP, litecoin, bitcoin cash, and EOS have all under performed bitcoin over the last few weeks, with traders and investors increasingly skeptical over the future of some so-called altcoins.

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Bitcoin Bounces Back Above $7,000 Despite Crypto Sentiment Making Sudden Shift - Forbes

Bitcoin Peaked 2 Years Ago. New Competition Is on the Way. – Barron’s

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Two years ago today, Bitcoin hit its highest price ever, reaching $19,783. It was the culmination of an incredible year for the digital currency, which had started 2017 at about $1,000. Since hitting its peak, however, Bitcoin has fluctuated wildly. It fell 73% in 2018 and has risen 85% this yearbut has not come close to retesting its previous highs. On Tuesday, it was trading near $6,500.

An investor who bought at the start of 2017 would still be up more than 500%, dwarfing the S&P 500s 43% gain over that period. People who held Bitcoin for the entire period clearly did well, though one adviser found that Bitcoin has been a much trickier trade over shorter time spans during this period. Dan Wiener, chairman of Adviser Investments and founder of the Independent Adviser for Vanguard Investors, analyzed Bitcoins price movements since the start of 2017 and found that the average five-day rolling return for Bitcoin was 1.5%. The range of five-day gains and losses, however, was enormous, with a high of 47% and a low of negative 29%. By my calculations investors lost money 45% of the time when they held Bitcoin for 10 days, he wrote in an email on Monday. Wiener is clearly not a fan, writing that Bitcoin is for traders disconnected from the real moneymaking potential of stocks.

Beyond the price action, what has changed for Bitcoin in the past two years? On the one hand, its more widely embraced by institutions than ever, with NYSE-owner Intercontinental Exchange (ICE) offering Bitcoin futures and custody services and Fidelity also servicing institutional investors. But its market cap remains too small to attract the big moneythe worlds top banks remain on the sidelines, and many of the retail investors who had bought in near the top have stayed away.

The biggest change in the past two years is arguably that Bitcoins competition has changed. Two years ago, the cryptocurrency market was awash in initial coin offerings (ICOs) that launched new digital currencies that promised to decentralize various industries, from social media to cloud computing. Investors expected one or more of those coins to break out to challenge Bitcoins dominance. But none of them have taken off since. Bitcoin still accounts for 67% of the market value of cryptocurrencies, according to Coinmarketcap.com.

Bitcoins real competition now comes from two areascorporations like Facebook looking to use the blockchain technology that undergirds Bitcoin to create their own currencies, and governments that want to create digital coins backed by their own treasuries. The question now is: Will the most important digital currencies be decentralized like Bitcoin, corporate-backed like Facebooks Libra, or government-controlled, like Chinas cryptocurrency plans?

The Libra project has run into regulatory issues, but could still launch as soon as next year, perhaps in a less robust form than the company first expected. As far as national currencies, China has been working on a digital currency project since 2014 and has reportedly accelerated those efforts this year.

China is going to have tokenized digital cryptocurrency in the next six months or 18 months or 24 months, said Mike Novogratz, CEO of Galaxy Digital Holdings, in an interview last month with Barrons. Thats the second biggest economy in the world. We are going to be dragged into the digital and tokenized world kicking or screaming.

Write to Avi Salzman at avi.salzman@barrons.com

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Bitcoin Peaked 2 Years Ago. New Competition Is on the Way. - Barron's

Bitcoin 2020: Whats Ahead – Forbes

Photo Illustration by Avishek Das

It doesnt take a genius to see that bitcoin ((BTC) is trending down.

The bitcoin price remains all about China and the trade war and as the BTC price has indicated for some time now, the progress of the China/U.S. trade dispute towards settlement.

The so-called phase 1 deal is a de-escalation of the China/U.S. trade war and you do not have to be too cynical to see the road to this stage in the slow but sure declining trend in the bitcoin price.

This trade deal progress is great for stocks but bad news for Chinese demand for secure assets outside of the reach and effect of the trade conflict and the risk of a devaluing yuan.

You can guarantee when the heat goes up at the negotiating table, up goes bitcoins price, well before we, if we ever do, hear about it what went on. Likewise all progress towards deals, interim or otherwise, will hit the price of Bitcoin.

A comprehensive China/U.S. deal is a long way off, as far off as last years bitcoin lows. So there is still no guessing exactly what will happen next in the trade conflict and hence the short term price of bitcoin.

We can, however, look at the bitcoin chart and imagine it as an index of the trade war and if you buy that as a model we can start to speculate how the trade war may pan out and thereby what will happen next.

Here is the chart which I have doodled all over:

The Bitcoin chart can be an index of the trade war

In this we can see that if there is a quick path to a full deal, bitcoin is going to go to the low of 2019 pretty quickly, there might be a little pause just above $6,000, then sploosh the price capitulates to below $4,000.

Alternately with some trade war setbacks ahead, we would expect to get a bitcoin rally back above $9,000.

Thats a radically divergent pair of outcomes.

Now the key to this outcome is going to be down to Trump and his election hopes.

If Trump is going to win next year, then China will want to settle fast but Trump will want to hang tough because he will be able to drive a hard bargain if China is facing four years more of his pressure and hasnt settled. Trump may get his deal early, because China will not want to face an even tougher deal post victory.

If Trump looks likely to lose his reelection bid, then China will hang back and Trump will hang back as well to berate China as a campaigning tactic. Obviously, a democratic winner will close a deal fast with China to snub the Trump legacy and get on with their own agenda, so a weak Trump in the campaign will halt or flare the trade war and boost bitcoin.

So Trump up, bitcoin down. Trump down, bitcoin up. This should be the next few months. Then when the election results loom the dynamic should reverse. With no final deal in place and Trump ahead in the polls, Trump up, bitcoin up.

If China plays awkward over the election cycle, and it will if there is a good chance Trump will not win and then Trump gets reelected the resulting retaliation will see an almighty bitcoin rally.

And the betting on Trump is as near as it can be 50/50 for reelection.

All things considered, my money is on a trend bounce at around $6,000.

Until the current bear market trend ends Bitcoin is going down and believers should buy dips and non-believers should stay away.

Ill be buying at around $6,000 and if we see previous lows Ill be buying a lot more.

Stay informed and ahead of the crowd with Forbes Crypto Confidential, a free weekly e-letter delivered to your inbox. Sign up today.

-

Clem Chambers is the CEO of private investors websiteADVFN.com and author of 101 Ways to Pick Stock Market Winners and Trading Cryptocurrencies: A Beginners Guide.

In 2018 Chambers won Journalist of the Year in the Business Market Commentary category in the State Street U.K. Institutional Press Awards.

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Bitcoin 2020: Whats Ahead - Forbes

MARKETS DAILY: Bullish Bitcoin Dreams and a 2019 to Remember – Coindesk

With bitcoin first dipping, then spiking up 10% yesterday, we're talking market action, new Federal Reserve comments, the challenges of exchange and taking a look at CoinDesk's annual most influential list...

No time to listen? Scroll down for the full episode transcript with links.

More ways to Listen or Subscribe (MP3 Download Here)

On Todays episode, its Bitcoins BIg Bounce, DEXs and CEXs, and a look at our Most Influential of 2019 list.

Adam B. Levine: Its December 19, 2019, and youre listening to Markets Daily, Im Adam B. Levine, editor of Podcasts here At Coindesk, along with our senior markets reporter, Brad Keoun, to give you a concise daily briefing on crypto markets and some of the most important news developments in the sector over the past 24 hours.

Adam: We kick things off with Brad, whos been watching the action in the overnights.

(MARKET UPDATE) SEGMENT 1

Brad Keoun: December is often a key month in the bitcoin market - it was Dec 2017 when BTC reached its all-time-high of $20k, and it was in Dec of last year that the market bottomed at $3000.

For the past couple weeks, bitcoins price charts have been sending bearish signals, with the market trending lower

Piling on, Arcane Research of Norway wrote that the market was registering "extreme fear"

But then on Wednesday, the price suddenly jumped more than $600 for a 10% gain, the most seen in two months

Today, the bitcoin price appears to be down just a touch, currently around $7200

CoinDesks Omkar Godbole writes that Wednesdays spike has neutralized the immediate bearish case, in terms of the signals from price charts, but bitcoin would have to jump another $770 to pass $7,780 to confirm the start of a bullish trend

Adam: Turning to the news, there continues to be a stream of negative pronouncements about digital assets emanating from U.S. officials and regulators

U.S. Federal Reserve Governor Lael Brainard warned Wednesday in a speech that the Facebook-led Libra project has a core set of legal and regulatory challenges ahead.

She said more clarity is needed about the basket of currencies underlying the stablecoin and that its model is still unproven.

And Internet startup Blockchain of Things Inc. (BCOT) agreed to pay $250,000 to settle with the U.S. Securities and Exchange Commission for launching an initial coin offering without registering the token as a security with the regulator.

Brad: Even so, the traditional financial industry continues to show keen interest in blockchain technology

Accounting multinational EY on Thursday released new code that it claims can reduces the cost of transacting on the ethereum blockchain by as much as 90 percent, by batching multiple transfers into a single transaction

Adam:Depository Trust and Clearing Corporation, a key player in Wall Streets clearing of bond trades, predicts digital assets will have a big year in 2020

Mike Bodson, the companys CEO, says next year will be QUOTE dominated by the impact of geopolitical events, digitization and tokenized securities END-QUOTE

And an executive with Fidelity, the money management giant, envisions a future where cryptocurrency custodians will work behind the scenes, whitelabeling services in the way that supermarkets put brands on generic food packaging

Brad: Finally, CoinDesk reports that the privacy coin Moneros lead maintainer is stepping down after five years at the helm

Riccardo Spagni, better known by his alias Fluffypony, plans to continue his association with Monero but will turn the day-to-day leadership over to a longtime contributor to the community

Spagnis other business ventures include no fewer than three crypto startups, and he told CoinDesk more than a year ago that the monero leadership left him feeling exhausted

Spagni says hes making the change now to QUOTE better streamline developments and collaborations END QUOTE

Adam: For todays featured story, were joined again by CoinDesks Markets Reporter Sebestian Sinclair for a look into Centralized, and Decentralized exchange

Sebastian Sinclair: Thanks Adam

For the first time in history, cryptocurrencies allow us to control our assets without having to rely on third parties such as banks or brokers.

This has been achieved through blockchain technology, offering participants a way to tap into decentralized networks via peer to peer connections.

However, despite this new tech, nearly 99 percent of crypto trading takes place on centralized exchanges, which seems at odds with the new era of digital money that should be utilizing blockchains trustless capabilities.

Centralized exchanges have a lot of advantages, they're fast, cheap and in some ways quite private. On the other hand, to get those benefits, traders must give their tokens TO the exchange, and trust that they'll not only be honest, but resistant to the sectors notorious if not ubiquitous exchange thefts.

It's easy to see that even without downplaying the advantages, the disadvantages should give any trader pause.

After all, mistrust in middlemen, ie banks, brokers and centralized exchanges, is essentially what led to the success of blockchain tech in the first place.

History has shown us that placing our faith in these middlemen tends to be unwise and one consistently runs the risk of having funds stolen, such as what occurred this year as CoinDesk previously reported, up to 7 different exchange hacks valued at over $157 million US dollars were siphoned off.

Adam: So whats the solution then?

Sebastian: Well, this is where decentralized exchanges come in.

Decentralized exchanges can circumvent the issues of custody by building its infrastructure on the blockchain with the use of smart contracts to coordinate trades from a users own wallet. These smart contracts must be implemented correctly with appropriate withdrawal controls, but ultimately a decentralized exchange should never require a user to give up control of their assets.

Adam: Decentralized exchanges must have a downside?

Sebastian: Of course, decentralized exchanges face their own inherent problems. Blockchains are generally slow by nature, reducing the number of possible trades per second thereby limiting volume and liquidity. Whats more, decentralized exchanges generally result in unfriendly user interfaces that are based around block explorers such as etherscan making it difficult for new users in the space to pick up and understand right away.

Adam: So whats out there and whats worth using?

Sebastian: Well, Binance for example, opened its decentralized exchange to the public back in April this year while OKEx, another major exchange, announced plans way back in March, but still has plans in the works. From my research, most decentralized exchanges lack the liquidity and volume I previously mentioned. More work needs to be done to attract traders away from the centralized model to a decentralized one in order for them to function optimally and as intended.

While the solutions to custody continue to be hashed out (pun intended) there are still a ways to go before users can begin experiencing the same user-friendly interactions, liquidity and volume they get from a centralized exchange. But we need to start looking into blockchain tech as a solution to these issues of centralized custody, otherwise, what are we all doing here?

Adam: And now, for todays spotlight, were giving you the rundown of what has become an annual CoinDesk tradition - the Most Influential people in the crypto industry of 2019

Brad: Thats right, Adam -- were getting closer to the end of the year and that means its time for the Most Influential list, a project thats led by CoinDesk Features Editor Ben Schiller but features some incredible profiles written by CoinDesk staffers

The list highlights people who have had a big year, made significant contributions to the industry in 2019 or simply even been at the center of a big story. I picked a few of the most fascinating.

Brad: First on the list is JACK DORSEY - Twitter's co-founder, who emerged as bitcoin's biggest ally in Silicon Valley. Dorsey invested heavily in the networks' future, and says he hopes one day that the interent will have a native currency, and he hopes that will be bitcoin

Next is Caitlin Long, a former Morgan Stanley banker who has established Wyoming as the most crypto-friendly jurisdiction in the nation. She's helped pass a series of bills designed to attract crypto startups to her home state.

Andrew Yang, the presidential candidate, came from nowhere to be a top-tier presidential candidate, with his brand of sophisticated tech-bro intelligence and ideas like basic universal income. More to the point, Yang is the only Democratic contender with a fleshed-out crypto policy,

David Marcus - the French-born co-founder of Libra, the Facebook stablecoin project, became the face of the effort as he went to Washington to testify in high-profile hearings, where he experienced backlash from lawmakers and U.S. regulators. With big corporate partners like Mastercard peeling away from the effort earlier this year, the big question is whether he can convince Americans to trust Facebook with the future of money

Meltem Demirors, chief strategy officer at CoinShares, testified in Washington in July that while Facebooks Libra was getting all the attention, it was bitcoin that should be getting the attention, with its track record of more than a decade, saying that the worlds largest and oldest cryptocurrency had already been tested

Ted Livingston - founder of the messaging app Kik Interactive, which was accused by the SEC of running an illegal securities offering when it sold digital tokens in 2017. Hes attracted notoriety and attention, along with some support from the crypto industry, for pushing back against the regulator

Gerald Cotten, former CEO of the now-defunct QuadrigaCX exchange, wasnt even alive during 2019, if you believe his death report out of India from December 2018, but he was at the center of controversy from creditors who say he might not have actually died, and theyre now asking for his body to be exhumed

But wait, theres meow. The last on the list is Hodlonaut, who publicly is a cat in an astronaut costume who emerged on Crypto Twitter as a folk hero representing the freedom to speak the truth and maintain ones own privacy, challenging, among others, Bitcoin SV backer Craig Wright, who claims to be Satoshi Nakamoto, the creator of bitcoin. Hodlonaut became one of the biggest memes of the year in the crypto industry. In reality, CoinDesk reports, hes a mild-mannered, middle-aged man from Norway who loves tattoos, ice cream, and tucking his child into bed.

The leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.

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MARKETS DAILY: Bullish Bitcoin Dreams and a 2019 to Remember - Coindesk

Bitcoin And Crypto Market On The Edge: BCH, Litecoin, EOS, XLM Analysis – newsBTC

Bitcoin (BTC) and the crypto market cap are holding key supports. Ethereum (ETH), LTC, ripple, bitcoin cash, EOS, TRX, and stellar are struggling to continue higher.

After tagging the $170 level, bitcoin cash price started a decent upside correction against the US Dollar. BCH price traded above the $180 level and it is currently consolidating near the $185 level.

On the upside, there are two important hurdles near the $192 and $195 levels, above which the price could climb towards the $215 level. On the downside, if the price fails to stay above the $180 level, it could revisit the $170 low in the near term.

Litecoin price is recovering above the $38.50 level, but it is currently struggling to settle above the $40.00 region. A successful close above the $40.00 level might lead the price above the $42.00 resistance level. If not, the price could trade below $38.50 and resume its decline. The next key support is near the $37.00 level.

EOS price is holding the $2.400 support area and it is currently trading in a range. On the upside, there are many resistances, starting with $2.500. The main ones are $2.550 and $2.600, above which the bulls are likely to aim the $3.000 resistance area in the near term.

Stellar price held the $0.0420 support area and recently corrected above the $0.0450 level. However, XLM price is facing a lot of hurdles on the upside, starting with $0.0460 and $0.0465. To start a strong recovery, the price climb above the $0.0500 resistance area.

Crypto Market Cap

Looking at the total cryptocurrency market cap 4-hours chart, there was a sharp recovery wave from the $166.0B area. The crypto market cap jumped above the $185.0B resistance and tested the $192.0B resistance. It is currently consolidating near $185.0B and preparing for the next move.

If there is a clear break above the $190.0B and $192.0B resistance, there are chances of another increase in bitcoin, Ethereum, EOS, litecoin, ripple, XLM, BCH, ADA, BNB, TRX, ICX, and other altcoins in the coming sessions.

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Bitcoin And Crypto Market On The Edge: BCH, Litecoin, EOS, XLM Analysis - newsBTC