Someone transferred $99 million in litecoin — and it only cost them $0.40 in fees

$99 million worth of litecoin was sent in a single trade on Thursday.
The transaction took just two-and-a-half minutes to clear and cost only $0.40 in fees.
Crypto bulls are pointing to the trade as evidence that cryptocurrency is better for sending money than traditional payment systems.

A huge litecoin trade is turning heads in the cryptocurrency community.

$99 million-worth of litecoin was sent between two cryptocurrency wallets in a single trade on Thursday, attracting attention on Reddit. The identity of the parties involved in the transaction is not known.

A thread about the transaction was the third most popular post on the litecoin sub-Reddit on Friday afternoon. Reddit users were impressed by data showing the transaction took just 2.5 minutes to settle and cost only $0.40 in mining fees.

“Worth surfacing up here that the $99 million transactions cost just $0.40 and took 2.5 mins. Holy moly,” Reddit user b30, who authored the thread, wrote.

Other users pointed out that similar transactions in traditional finance would take days to clear, multiple parties to sign off, and carry hefty fees.

Some proponents of cryptocurrencies such as litecoin and Ripple’s XRP say it has the potential to provide a cheaper, quicker, and more reliable alternative to the current payment rails, particularly when it comes to international transactions.

Litecoin is the sixth largest cryptocurrency by market value, with $8.4 billion-worth of LTC in circulation as of Friday. The cryptocurrency was created in 2011 as a quicker and cheaper alternative to bitcoin.

JPMorgan tests issuing financial instruments on the Blockchain

JPMorgan Chase & Co has tested a new blockchain platform for issuing financial instruments with the National Bank of Canada and other large firms,  seeking to streamline origination, settlement, interest rate payments, and other processes.

The test mirrored the Canadian bank’s $150 million offering on the same day of a one-year floating-rate Yankee certificate of deposit, they said in a statement. The platform was built over more than a year using Quorum, a type of open-source blockchain that JPMorgan has developed in-house and is in discussions to spin off.

Participants in the experiment included Goldman Sachs Asset Management, the fund management arm of Goldman Sachs, Pfizer, and Legg Mason’s Western Asset and other investors in the certificate of deposit.

Banks have poured millions of dollars to develop blockchain, the software first created to run cryptocurrency bitcoin, to streamline processes ranging from cross-border payments to securities settlement.

“Blockchain-related technologies have the potential to bring about major change in the financial services industry,” David Furlong, senior vice president of artificial intelligence, venture capital and blockchain at National Bank of Canada, said in a statement.

JPMorgan is considering spinning off Quorum because the technology has attracted significant outside interest, Umar Farooq, head of blockchain initiatives for JPMorgan’s corporate and investment bank said in an interview. He said it was taking too much time to field requests for help from users at other companies.

Charging for assistance is not an option because software support is not the bank’s business.

The spin-off discussions are in the early stages and the bank has received interest from financial institutions and large enterprise technology companies, Farooq added.

JPMorgan plans to beef up the Quorum team with dozens of engineers from the bank’s other divisions who have become familiar with the technology, he said.

Blockchain is in the early stages of development in the financial industry, but JPMorgan is optimistic about its potential, Farooq said.

“We haven’t really seen a lot of really large scale things go into production yet. There are few cases where blockchain can really shine.”

 

Google is banning ads for cryptocurrencies

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Google plans to ban all cryptocurrencies and binary options adverts, and is cracking down on ads for other speculative financial instruments.

Scott Spencer, Google’s Director of Sustainable Ads, said in a blog post on Wednesday that the company has “updated several policies to address ads in unregulated or speculative financial products like binary options, cryptocurrency, foreign exchange markets.”

The new policies, which come into force in June, ban adverts for binary options and “cryptocurrencies and related content (including but not limited to initial coin offerings, cryptocurrency exchanges, cryptocurrency wallets, and cryptocurrency trading advice).”

Google follows Facebook in banning concurrency related advertising on its platform. Spencer said in his blog post that the crackdown is part of Google’s efforts to protect consumers from “online scams.”

Cryptocurrencies have exploded in popularity over the last year thanks to a surge in the price of bitcoin at the end of 2017. This coincided with a boom in so-called initial coin offerings (ICOs), where startups issue their own cryptocurrency in exchange for money to build their business.

But the entire space is unregulated in most markets and has attracted scammers looking to make quick money. Business Insider reported last year on the proliferation of “pump and dump” scams in the market, while sham ICO projects have become commonplace.

Make Sure Auto Play is working Windows computer

Making sure AutoPlay is set.

If AutoPlay is set to take no action when discs are inserted, or if AutoPlay is not enabled, nothing may happen when a disc is inserted. Even though you may want to open discs through File Explorer or other software means, use the following steps to make sure AutoPlay is enabled so that discs can be more easily tested in future steps:

  1. In Windows, search for and open Control Panel.
  2. Click Hardware and Sound, and then select AutoPlay.
  3. Make sure Use AutoPlay for all media and devicesis selected. If not, select it.
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Auto Play Windows

4. Click the drop-down menus and select Ask me every timenext to every DVD, Blu-ray, and CD item, and then click Save.

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Auto Play Windows Ask Me Every Time

How to switch your Windows 8 log-in to a local account

Using a Microsoft account does have some advantages over using a local account. For example, using a Microsoft account log-in lets you sync your settings across different Windows PCs. You can also use Microsoft’s integrated cloud storage, OneDrive. Downloading apps from the Microsoft App Store for the Modern interface (Start screen) requires a Microsoft account as well. But if you don’t use any of these features and would still prefer to switch to a local account, and you have not upgraded to Windows 10, here’s how:

Step 1: Go to Settings > Change PC Settings > Accounts > Your Account, then under your name and Microsoft account e-mail address, click on the “Disconnect” link.

Step 2: When prompted, enter your Microsoft account password to verify that it’s your account.

Step 3: Now enter the local username you want to use, your password, and a password hint.

Step 4: Click or tap on the “Sign out and finish” button to complete the switch to a local account.

Change What Windows Does When You Shut Your Laptop’s Lid

Are you tired of your laptop automatically going to sleep when you shut it’s lid?  Here’s how you can make your laptop do what you want it to do when you’re ready to put it up.

By default, most laptops automatically go into sleep mode when you close the lid.  This is usually great, as most of us shut our laptops, throw them into our bags, and then expect them to be running in an instant when we get them back out at the next stop.  Sometimes, though, you might want to leave your laptop running while the lid is shut

Please Note: Do NOT put your laptop in its bag while its running, as it will almost certainly overheat.  You have been warned.

Make Your Laptop Work Like You Want

Thankfully, it’s easy to change the settings.  Simply click the battery icon in your system tray, and select More power options.

Valley Computer - Shut Your Laptop’s Lid

Alternately, you can open the Power Options window directly from your Start Menu search.
Valley Computer - Shut Your Laptop’s Lid

In the Power Options window that opens, click the Choose what closing the lid does link on the left sidebar.
Valley Computer - Shut Your Laptop’s Lid

Here you can choose what your power buttons do on your computer, as well as what happens when you shut the lid. You can select to Do nothing, Sleep, Hibernate, or Shut down. In general, Sleep is a good option, but if you want to leave your laptop running, select Do nothing.

Valley Computer - Shut Your Laptop’s Lid

Note that you can change the settings for both On battery and Plugged in, so your laptop will work differently when you’re using mobile versus when you’re plugged in at your desk. Since we usually would only want to leave our laptop running when it’s plugged in, we set ours to still go to sleep when it’s on battery power but to do nothing when you close the lid while it’s plugged in. Very handy
Valley Computer - Shut Your Laptop’s Lid

Underneath you’ll notice a couple more settings, though they’re protected by default. Click Change settings that are currently unavailable to change them.
Valley Computer - Shut Your Laptop’s Lid

Now you can choose whether or not you want your computer to require the password when it wakes from sleep mode.
Valley Computer - Shut Your Laptop’s Lid

Once you’re done, click Save at the bottom to start using your new settings. If you want to switch back when you’re on the move again, just repeat the steps and set it like you like. Now you’re in full control of what happens when you close your laptop.

Conclusion

We’ve been frustrated countless times by shutting our laptop lids and forgetting that this automatically put them into sleep mode. Sleep mode works great in Windows 7, but sometimes you want your machine to keep running, so this is a great way to do that. Or, if you prefer to have your computer automatically shut down or hibernate when you close the lid, you can do that too. Since you can set the plugged in settings different from the on battery settings, you should be able to make your settings work for any scenario.

Protecting Microsoft Word Files (Disable Editing)

When you’re collaborating with multiple people on a Microsoft Word document, it may be helpful to mark a draft as FINAL to prevent further edits. To do this in Microsoft Word, go to the File tab and under the Info options select “Protect Document” and “Mark as Final“. This lets other readers know that this is a final draft. When they open the document, they’ll see a yellow banner across the top that says “An author has marked this document as final to discourage editing”. Note that discourages editing, but the reader can go ahead and select “Edit Anyway” to make further edits.

Word-Protect-Document

Other options to protect the document include “Encrypt with a Password” so a password will be required to open the document. You can also “Restrict Editing” to restrict what kind of changes can be made to the document, either by tracking changes or by making the document “read only”. If you decide to protect the document with a password, make sure you have a way to remember the password!

Create a PDF Document in Microsoft Office

Here’s a tip to get more from the small business technology you already have.  One of the helpful features in Microsoft Office is the ability to directly create a PDF document by using the “save as PDF” feature.  Instead of relying on a third-party application, the capability is built right in.

To create a PDF, simple to to File / Save As Type – and pick “PDF”:

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PDF stands for Portable Document Format, and this means anyone can view your file and keep the formatting intact, even if they don’t have Microsoft Word on their system. This feature is also built into PowerPoint, so this makes it easy to share your presentations over the web.

Have you noticed it takes longer to open PDF files?

I received calls about pdf files starting to take a lot longer to open.

The culprit? Adobe Reader “Enhanced Security“. This is apparently the result of an update, and the new settings automatically call for Adobe to look up a “policy file” for the document. Of course security is a good thing, but in this case, too much security will slow you down. If you have up to date antivirus protection, anti-malware protection, a good firewall, and you’re careful about opening files from trusted sources, this is a case where you probably don’t need an extra layer of protection.

To revert the settings, in Adobe Reader, go to “Edit” and select “Preferences” from the pull-down. In the “Preferences” window, under “Categories” select “Security (Enhanced)” which is about 3/4 down the list. Then un-check the “Enable Enhanced Security” box.

adobe-reader-enhanced-security

Feed your need for speed by installing SSDs in RAID 0

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Feed your need for speed by installing SSDs in RAID 0

Tired of waiting while your top-of-the-line SSD loads files?

RAID 0 works far better with SSDs than it does with hard drives, because mechanical drives aren’t fast enough to take full advantage of the increased bandwidth.

This tip is primarily for desktop PC owners.
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The performance of both the ssds-raid-03

ssds-raid-04

The