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Second Annual Qubit Conference Sofia 2019 will be Held on November 14, in Bulgaria

David Pender
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Second Annual Qubit Conference Sofia 2019 will be Held on November 14, in Bulgaria

Second annual QuBit Conference Sofia 2019 offers its delegates experienced senior-level international speakers representing organizations such as FBI, ScaleFocus, DTS Solution, Kaspersky, SANS Institute, HypaSec, and many more, educational presentations, technical case studies, interactive panel discussions. You will have the opportunity to meet 80+ cybersecurity peers and build new professional relationships during popular networking sessions.

The first day, November 13th, is dedicated to full-day Hands-on Training led by professionals in the cybersecurity field. The delegates will get the opportunity to gain practical experience by choosing from three topics: Hacking Demo led by Aleksandar Mirkovic (CISO/DPO – Information Security Manager), Enterprise Security Architecture led by Lubos Fryc (Trainer, Coach, Mentor, CEO at Skill Bill), and Industrial Cyber Security led by Tamas Buzgo (Senior Industrial Cyber Security Consultant).

November 14th, is a full day of educational sessions, where you can look forward to learning about the latest risks, top strategies, and solutions from excellent speakers; meet industry professionals at a popular networking event and have loads of fun meeting your fellows.

Here is a little sneak peek of QuBit Conference Sofia 2019 topics:

  • Opening Keynote: Social Engineering in the Dark Future by Yehia Mamdouh (Sr. Penetration Testing Consultant & Security Researcher at DTS Solution)
  • Closing Keynote: The most devastating cyber scams the FBI is fighting today by Dean Kinsman (Assistant Legal Attache at FBI Bucharest)
  • Case study: How Machine Learning Raises the Stakes On Both Sides Of The Information Security Barrier by Dimiter Shalvardjiev (CTO & CISO at Code Runners)
  • Panel Discussion: 
  • GDPR Aftermath
  • …and many more strategical and educational presentations.
  • And the most important—plenty of networking opportunities!

QuBit Conference

QuBit is a Cybersecurity Community Event connecting the East and West. Based on the success in Prague and CEE region in combination with the Southern hunger for the educational conference, the organizers decided to expand further and bring QuBit also to the SEE region.

We believe in the safer world created by cooperation among regions and countries. We endeavor to play a transparent game with the clean shield and we are willing to share the bright ideas and support the community with this mission as well.

Registration link: https://sofia.qubitconference.com/register/

To know more about QuBit Conference Sofia 2019 visit https://sofia.qubitconference.com/

Airlines Reporting Corporation (ARC), a New Investor of Traxo to Grow Sales and Marketing Teams

David Pender
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Airlines Reporting Corporation (ARC), a New Investor of Traxo to Grow Sales and Marketing Teams

Recently, a leading corporate for providing travel data aggregation and technology solutions, Traxo announced that a new investor, Airlines Reporting Corporation (ARC), had joined the company. ARC invested in supporting the growth of the company’s sales and marketing teams.

Traxo is a Texas-based travel data capture and intelligence solution provider across the world. Traxo allows travel managers as well as Travel Management Companies (TMCs) to track the total amount spent on travel. The API integration helps Traxo to share the same travel data with other corporate travel companies.

On the other hand, ARC is a leading air travel data distributer. It helps travel communities across the world to connect, grow, and thrive. According to the reports, ARC spent $94.8 billion in transactions between airlines and travel agencies, and the company represented over 295 million passenger trips.

The CEO and founder of Traxo, Andres Fabris, said that the main aim of Traxo is to authorize the travel ecosystem to make the data error-free. It smoothens the travel for travelers and suppliers, corporate travel teams and groups, and travel service providers at any time zone. He continued that ARC is a new partner of Traxo and shaping this mission differently. The unparalleled insights by ARC are a need of the corporate travel industry.

The CEO and President of ARC, Mike Premo, said that ARC would provide omnichannel retailing solutions that will help airlines, TMCs, travel agencies, and companies to do the business together. ARC is dedicated to Traxo in improving the corporate travel in every channel.

Now, Traxo has appointed two members in the board of directors that are Sam Gilliland, CEO and former chairman of Sabre Corporation and Lauri Reishus, COO and EVP of ARC to support the company in the travel industry. Fabris said that both Sam and Lauri had brought deep domain experience to the team. Traxo is trying to fill the gap in providing the incredible corporate travel experience for several stakeholders.

US Probing Sweden’s Swedbank AB Baltic Branch for Violating Sanctions on Russia

Robert Hill
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US Probing Sweden’s Swedbank AB Baltic Branch for Violating Sanctions on Russia

Sweden’s SVT Television has said that US authorities were investigating Swedbank AB’s Baltic branch after SVT handed over details of transactions between Russian weapons maker Concern Kalashnikov JSC and Kalashnikov USA, a gunmaker in Florida.

Concern Kalashnikov is one of the Russian firms on which the US had imposed sanctions following Russia’s annexation of Crimea from Ukraine in 2014. Thus, the transactions would be a violation of US sanctions.

SVT claimed that the transactions were done on behalf of Russian billionaire Iskander Makhmudov who is a shareholder in Concern Kalashnikov and the biggest client of Swedbank AB’s Estonian branch. The total amount transferred from Concern Kalashnikov to Kalashnikov USA is $1.1M.

Swedbank AB is currently being probed by Latvia, Estonia, Sweden, and the US for allegations of using its branches in Baltic nations for carrying out suspicious transactions worth over $100 billion.

An earlier SVT broadcast of allegations of financial irregularities had led to the ouster of Swedbank CEO as well as its Chairman and other Board members.

To restore confidence, Swedbank appointed Swedish Prime Minister Goran Persson as its new Chairman, but share prices have still dropped by 40% since that broadcast. Following the latest revelations, Swedbank’s share price has dropped by a further 3.7% on Wednesday.

Makhumudov’s firm has since clarified that he did not own a majority stake in Concern Kalashnikov and was only an ordinary shareholder; hence, the sanctions did not apply to him.

In its defense, Kalashnikov USA had also claimed that it did not violate any sanctions as it was making guns from parts assembled in the US.

Swedbank has clarified that it will be up to the US authorities to find out whether the transactions were a violation of the sanctions or not. It also explained that US sanctions legislation had provisions to find out whether owners had been changed to escape sanctions and on whose behalf were the transactions carried out.

NAB to Pay $49.5M to Settle Class Lawsuit on “Junk Insurance”

David Pender
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NAB to Pay $49.5M to Settle Class Lawsuit on “Junk Insurance”

The National Australia Bank (NAB) has agreed to pay $49.5M to settle a class-action lawsuit brought against it on behalf of tens of thousands of customers to whom it sold junk credit card and personal life insurance.

The amount to be paid to each customer has not been decided yet, but the court has that by Christmas, each consumer should be notified about whether they are eligible for a payout or not.

The law firm Slater and Gordon, which filed the suit alleged that NAB and its subsidiary MLC Limited misled people with false information to sell consumer credit insurance (CCI). As a result of this, people who were least likely to avails of consumer credit insurance, like pensioners, unemployed people, critically ill patients, and casual workers, bought it.

CCI products are designed to guard against default over loan or credit card payments. The unemployed, the critically ill, and pensioners hardly qualify for any loan, be it for a car or a house or even a credit card. They just about manage the bare minimum wages to survive; the chances of them splurging money through their credit cards are non-existent. When a group of people does not qualify for obtaining a loan or a credit card, selling insurance to them over defaulting on a credit card or loan repayments makes no sense.

CCI policies offer insurance in case someone is ill or loses his job and is unable to pay monthly installments of car or home loan or credit card payments. The customer’s payments will be covered by his CCI insurer.

The Australian Securities and Investments Commission (ASIC) scrutinized CCI services (including mortgages and personal loans) provided by 11 biggest banks, including Westpac, ANZ, and Commonwealth Bank.

In its report published in July this year, the ASIC concluded that, on average, customers received only 11 cents per dollar invested in Consumer Credit Insurance products linked to their credit cards.

In November, the banking royal commission criticized the cold selling of CCI products.

Will Ethereum (ETH) Be Able to Get Even in The Ongoing Bearish Pressure?

David Pender
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Will Ethereum (ETH) Be Able to Get Even in The Ongoing Bearish Pressure?

Ethereum prices had seen a lot of price fluctuations since the beginning of the year. With the advent of the bears in July, the situation worsened, and the price of ETH coin went on a continual downhill.

The past 7 days price movements show a mixed price trend with lot of upward and downward price variations. The ETH price has been trading in the range between $178 – $187.

Ethereum Price Analysis

ETH price has been a case of a mixed bag over the past seven days. The coin was at $184.6370 on November 13. On the same day, the price showed an upward variation of 1.50%, and the price reached $187.3461.

On November 14, the price went down to $183.3028; the fall is to the tune of 2.16%. There was a slight upward movement for Ethereum price on November 15 when it reached $185.3488. With the bear pressure looming large over the crypto market, the ETH price fell to $178.8742 on the same day.

After this, the price started showing upward momentum and managed to get back to $182.9559 on November 16 at 2.14%. With minor hiccups continuing, the ETH price again fell to the extent of 1.25% at $180.547 on November 17. Ethereum price is trying hard for recovery, and the price rallied to $185.38857 on the same, rise being 2.68%.

Ethereum Price Chart

 Analysts expect ETH, with its unique feature, to bounce back and show a stable upward momentum soon. Investors should continue to hold on to their current investments from a long-term perspective. Short-term and day traders can make quick gains if they time their investments properly, even in the current crypto market volatility.

Opal Group’s Public Funds Summit 2020 Will Be Held on January 6–8, 2020

Marisol Contreras
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Opal Group’s Public Funds Summit 2020 Will Be Held on January 6–8, 2020

January 6, 2020 (Scottsdale, AZ)—Opal Group, a global conference organizer that caters to top executives and influencers, will host a three day exclusive event designed for delegates, money managers, and consultants, who will discuss how investment managers can aid public pension plans to ensure  a safe future for its members. The Public Funds Summit will commence the start of the finance events for 2020. This event will take place in the Omni Scottsdale Resort & Spa at Montelucia on January 6–8, 2020.

 

Opal Group’s Public Funds Summit will discuss about the concerns and declining returns that have led many pension plans to seek a balance between risk and reward in order to meet pension obligations. The role of investment and its returns are essential to the concern of meeting obligations to pension members. The event will address legal issues about pension plans, ethics regulations, and the importance of on-going education for plan sponsors and their fiduciaries. Other topics, such as the importance of politics and public perception of pension, will be discussed.

“We make sure that our attendees have the chance to speak their mind, exchange ideas, and learn from others,” said Opal Group’s producer, Doug Borths.

Unlike other events, Opal Group’s events are personalized for the most experienced and knowledgeable leaders from a variety of industries. Opal Group produces unique meetings for the nation’s top executives to collaborate and share best practices, foster new relationships, and connect with their peers in a relaxed setting. Our carefully curated content and high-level networking helps executives achieve the most challenging objectives while saving time and money.

 

For more information on Opal Group’s Public Funds Summit, visit http://www.opalgroup.net/trk/pfsc2003.html

Dollar Takes Drastic Plunges in the Light of U.S- China Trade War

David Pender
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Dollar Takes Drastic Plunges in the Light of U.S- China Trade War

The dollar felt a blow on Tuesday while the possibilities of alleviation in a trade war between the United States and China came down. This substantially hurt the demand for the Greenback.

There was some positive anticipation regarding the US and China getting into a “phase one” agreement deal earlier this month. This would have really loosened up a bit the adamant 16-month trade war between the countries.

But after the fall of the US dollar, China became skeptical about the deal and therefore shattered the hopes for an end to the stagnant growth between the two countries, according to news reports.

After the 0.09% decline, the dollar traded at 108.62 yen. The currency was valued at $1.1074 a euro in Asia on Tuesday, which is considered to be its greatest fall, the lowest in around 2 weeks.

As opposed to sterling, the US currency was worth $1.2956, which is 1 month low.  The pound rose up with censuses implying the success of the Conservatives for the impending elections.

DYX, the index of the dollar updated at 97.808 (a two week low) against 6 primary currencies. The Chinese currency plunged to a 2-week rock bottom in the on-shore market, at 7.0295 a dollar.

The Chinese currency, yuan, also took the plunge with a consistent 2-week low. The Greenback issue exacerbated the situation with uncertainty regarding the resolution of this trade war between the U.S. and China.

The Australian currency also took a downturn not long after the decision to cut rates by the central bankers came out as a result of the Reserve Bank of Australia policy meeting this month.

Junichi Ishikawa, a foreign-exchange official at IG Securities in Tokyo, said:

The dollar tried to break above 109 yen, but it couldn’t because of worries about the trade deal.

He also added,

The Treasury market is starting to reflect similar concerns about the lack of a trade deal. This will keep dollar/yen in a narrow range.

Washington, as well as Beijing, have inflicted taxes on their trade goods due to the exacerbating relations amidst the trade war. According to the US government, Chinese trade methods and rules are unfair.

The taxes slowed the trade worldwide and put forward the risk of a slump in some economies. Some economy professionals even assert that the sluggish global growth is here to stay until the time tariffs are continued.

Amidst all this, a statement from Donald Trump after a meeting went as,

Everything was discussed including interest rates, negative interest, low inflation, easing, Dollar strength & its effect on manufacturing, trade with China, E.U. & others, etc.

The traders of the Currencies also became wary of the dollar following the meeting of U.S. President Donald Trump with Jerome Powell, the U.S. Federal Reserve Chairman on Monday. Trump consistently stands against soaring interest rates.

Australia’s central bank still insisted on the feasibility of another 0.75% cut in cash rate during its November meeting after some obstacles in wage growth, as well as inflation surfaced. But it is also to be noted that this will be the fourth time central bank will cut rates since June reaching an all-time low.

Qatar’s Meddy is Raising $2.5 Million in Series A Funding

Marisol Contreras
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Qatar’s Meddy is Raising $2.5 Million in Series A Funding

Recently, a doctor booking startup platform, Meddy in Qatar, has raised $2.5 million in a Series A round. The Modus Capital of New York led the round, and many investors joined it, such as Turkey’s 212, Kasamar holdings from Abu Dhabi, Qatar Science and Technology Park, Innoway, Dharmendra Ghai who is a health tech person and many more.

Meddy provides an innovative platform for the patients to find doctors as well as hospitals for the treatment. People can easily book appointments via this platform. It is easy to search for a doctor with particular specializations, treatments, education, language, and other things by applying filters. The company was founded in Qatar in 2016. You can also rate and write reviews about the doctor on this platform.

The company also provides other products and services to the clinics and their marketing teams to supervise the bookings, analytics, and patient reviews. There is a big hand of Meddy behind the increasing profitability of doctors as it helps in getting new customers by its online platform. According to Meddy, it has provided thousands of bookings and generated over $50 million in clinics and hospital billings in Qatar and UAE.

Last year, Meddy had expanded its services to UAE via Dubai and Sharjah. Now, it is planning to expand in Abu Dhabi. The co-founder and CEO of Meddy, Haris Aghadi, said that the company is planning to expand across the world. He continued that after the expansion of their services to the UAE, the rate of bookings has been doubled. The company got positive feedbacks from the people, and it is continuously growing rapidly.

Ripple Invests $0.5 Billion in Xpring to Promote the Adoption of XRP

Felicia Learned
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Ripple Invests $0.5 Billion in Xpring to Promote the Adoption of XRP

Ripple has invested a sum of $500 million in boosting up its initiative Xpring, which was launched to accelerate capital investment into businesses and ultimately promote the adoption of XRP.  In a recent interview, Ethan Beard, Senior Vice-President at Ripple, said that it has

we have almost a top-down strategy that is working directly with financial institutions, providing them enterprise software that’s already customized for their world, and lets them tap into the power of XRP.

Ethan further stated that the firm is working on two strategies for the implementation of its vision based on the targeted audience. The first one is for financial institutions and XRP to anyone interested in digital assets.

As per Ripple’s VP, Xpring is aimed to uphold the Internet of Value. Additionally, it provides a platform for coders and developers to constitute projects that can have real use cases for Ripple. Resources offered in Xpring like tools, libraries, and services for developers and Inter-ledger protocols can be used to solve problems in a transformative way.

Several projects have been built and hosted efficiently on Xpring. Be it content monetization platform Coil or gaming platform Forte, Xpring has introduced various companies to a new world of blockchain technology through its innovative business solutions. Some other notable projects include Bolt Labs (a privacy-focused payment channel), Securitize (liquidities private securities market and enable easily tradable assets), and Dharma (a peer-to-peer lending marketplace).

The regulation in XRP sale seems to have strengthened the valuation of Ripple. Also, the firm is focused on making some big tie-ups, and crypto enthusiasts are looking forward to it. Notably, Ripple holds half of all the XRP, whose net worth is $12 billion. Ripple’s decision to promote the growth of the XRP Ledger will help the firm in the long run and might turn out to be a milestone decision for the crypto industry.

Will Tron (TRX) Be Able to Continue Its Slow Recovery in The Bearish Market?

David Pender
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Will Tron (TRX) Be Able to Continue Its Slow Recovery in The Bearish Market?

Tron price has been on a continual downswing since the bears started controlling the crypto market in July. The price of TRX coin had a fairly good run before this phase. With the bear pressure mounting, the price of the coin has been mostly below the baseline, as seen from the YTD price movement. The price has been oscillating in the range of $0.0142 – $0.0365. Still, the TRX price is trying to go in for a slow recovery, but due to the bears exerting control, it is being delayed.

Tron Price Prediction:

TRX price has had its moment during the bull phase and has gone on a continual downward trend in the ongoing bearish market scenario. The YTD price trend shows that the price of Tron was at a low of $0.02111 on January 14. The price rose to a good 34.30% on January 27 at $0.028157. On March 25, the price fell to $0.02221 by 20.39% drop. On April 04, the price of TRX coin rose to $0.03089. There was a fall in price on May 12 at $0.02480.

The bull phase had crept into the crypto market by then, and TRX price rose accordingly to a great 47.64% on June 26 at $0.03656. With the onset of bear phase, the price started falling and reached $0.01421 by 61.68% drop on September 24. The TRX price then started getting back at the bears and has shown a rise to the tune of 51.44% on October 29 at $0.0215. The price has slightly fallen to $0.01698 at 20.93%.

Tron Price Chart

TRX price has gone through many ups and downs this year in the crypto market due to continual price variations. Even now, in the ongoing bearish momentum, the coin is trying for recovery, but with the bears pretty visible, it may not be possible for the short-term.

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