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Video: Lily Camera is the World’s First Throw-and-Shoot Camera

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Lilycamera

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How does the camera work? Simply toss the device into the air. Its propellers then kick in and begin flying the device, which can reach up to 25 miles per hour while capturing high-quality photo and video. Lily’s current model can even stream directly to your phone.

The Lily Camera is not a drone – it’s a camera. It requires no controller. Instead, it follows whoever is wearing the Lily GPS bracelet. The Lily flying camera has an accelerometer, barometer, GPS and a front/bottom facing camera.There are several vantage points offered by the completely waterproof camera.

Maker of the Lily Camera, Lily Robotics, does not face FAA regulations like drone companies do. The camera flies no higher than 400 feet and it is always in the line of sight of the bracelet wearer.

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Lily has raised funding from several venture capital firms. The camera’s pre-order price is $699 with first deliveries expected in February 2016. After that point, the price jumps to $999.

“In an increasingly connected world, it often becomes difficult, if not impossible, to adequately capture events in your life while still living fully in the moment,” Lily CEO Antoine Balaresque told Hacked.

Lily grants you the physical and mental freedom to soak in your environment and the people around you to the highest degree.

In taking pre-orders, Lily has surveyed customers about how they intend to use the flying camera.

“The majority of our pre-order customers have reported that they plan to use Lily to capture the activities of their daily lives rather than for safety or surveillance,” Balaresque said. While for now the Lily Camera is a luxury product, the brand plans to democratize flying cameras.

Many technologies that emerged from the University of California, Berkeley Robotics Lab were helpful to the Lily team early on, such as ROS for early development, which Lily CTO Henry Bradlow learned at Berkeley’s Robot Learning Lab.

“We’re excited for our first wave of customers to take their Lily Cameras into the wild and start capturing their adventures,” Balaresque said. “In the long term, however, we visualize everyone from kids to professional filmmakers being able to harness their creativity through flying cameras.”

Important: Never invest (trade with) money you can't afford to comfortably lose. Always do your own research and due diligence before placing a trade. Read our Terms & Conditions here. Trade recommendations and analysis are written by our analysts which might have different opinions. Read my 6 Golden Steps to Financial Freedom here. Best regards, Jonas Borchgrevink.

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5 stars on average, based on 1 rated postsJustin O'Connell is the founder of financial technology focused CryptographicAsset.com. Justin organized the launch of the largest Bitcoin ATM hardware and software provider in the world at the historical Hotel del Coronado in southern California. His works appear in the U.S.'s third largest weekly, the San Diego Reader, VICE and elsewhere.




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Blockchain Talent Demand Surpasses Supply

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If there’s any group in the global workforce that is sitting pretty it’s blockchain developers. Their success has unparalleled with anything in the stratosphere, yet they’re still receiving offers with compensation packages rivaling that of CEO pay packages. And many of them have already become millionaires from investing in the coins of the market leaders they helped to build, including bitcoin and Ethereum, which means they’re less incentivized to join other projects for the size of the offer alone.

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Decentralized World

The thing to remember about blockchain pioneers is that they set out on the mission of a decentralized world not so that they could be subject to the whims of cryptocurrency prices. They are just as focused on the social impact of the blockchain as they are the success of their respective projects. Consider Ethereum’s Vitalik Buterin, who during the peak of the cryptocurrency market rally at year-end 2017 tweeted the following reminder to his followers –

Buterin went on to use Venezuela as an example, whose economy is in tatters. He was dismayed that bitcoin’s price posts were getting more traction than “how Venezuelans were being rescued by crypto.”

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If the corporate culture reflected Buterin’s mission rather than dangling a six- or seven-digit compensation package in front of recruits, they might have more success attracting top blockchain talent.

Talent Battle

Meanwhile, blockchain startups are creating roadmaps with product release dates obligating them to have top development talent in-house, all of which is leading to projects getting stuck and helping to fuel the hiring frenzy. It’s not solely blockchain startups, however.

Global corporations including certain FANG stocks are no longer waiting on the sidelines as ICOs raise billions of dollars and the cryptocurrency market cap has balloons to nearly $400 billion, all of which has placed a high bounty on the pool for blockchain talent. If you have any doubts, consider again Ethereum co-founder Buterin. As Hacked.com previously reported, Buterin tweeted about having received a job offer from Google.

David Schwartz, whose Twitter profile describes him as “one of the original architects of the XRP network,” told The Wall Street Journal how both a startup and a big tech play attempted to poach one of his team members, each of them offering the Ripple developer a million dollar signing bonus.

Meanwhile, the blockchain, a public immutable ledger where transactions are recorded and joined together in individual blocks, has become a catchphrase, one that can mean the difference between hits on a LinkedIn profile or not. According to the Journal story, there are thousands of available jobs posted on the social platform hunting blockchain talent through the early part of May, reflecting more than a 150% jump versus all of last year.

But just as regulators have said they don’t want to rush into crafting any policy in response to market performance, employers should similarly take a step back before throwing everything but kitchen sinks out to software developers. Some companies are developing talent in-house, which is another route to consider. But overall, hiring companies could be much more effective at recruiting blockchain talent if they understood the mission behind decentralization.

Featured image courtesy of Shutterstock.

Important: Never invest (trade with) money you can't afford to comfortably lose. Always do your own research and due diligence before placing a trade. Read our Terms & Conditions here. Trade recommendations and analysis are written by our analysts which might have different opinions. Read my 6 Golden Steps to Financial Freedom here. Best regards, Jonas Borchgrevink.

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4.4 stars on average, based on 7 rated postsGerelyn has been covering ICOs and the cryptocurrency market since mid-2017. She's also reported on fintech more broadly in addition to asset management, having previously specialized in institutional investing. Full disclosure, she's invested in bitcoin.




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Crypto Hedge Funds Grow 64% Over the Past Year as Institutions Embrace Digital Currency

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After spending much of the last eight years bashing cryptocurrency, Wall Street is beginning to embrace the digital asset class more intently than ever before. Case in point: the number of cryptocurrency hedge funds has increased 64% over the past year. As it turns out, Goldman Sachs isn’t the only institutional player pivoting toward cryptocurrency.

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The Rise of the Crypto Hedge Fund

There are now 287 hedge funds devoted to cryptocurrency trading, compared with 175 a year ago, according to data from Autonomous Next. Astonishingly, there were only 20 crypto hedge funds in existence in 2016.

Over the past year, at least 100 hedge funds have been launched for the sole purpose of trading cryptocurrency. At this rate, institutions will play an increasingly pivotal role in the digital currency market in the very near future.

Digital currency exchanges are betting big on institutional money. San Francisco-based Coinbase recently unveiled four new products designed to unlock up to $10 billion in institutional capital currently sitting on the sidelines. This includes a new custodial service that will provide institutions with a trusted steward to safeguard their digital assets.

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As for hedge funds themselves, April saw a huge turnaround in terms of profitability, as firms played the crypto-market rebound to great success. In the process, they gained more than 80% compared with March.

The Next Bull Market

Coinbase has put forward the position that institutional capital will be responsible for the next great bull market in cryptocurrency. If 2017 was the year of the retail investor, 2018 and beyond will largely be driven by institutions. A close examination of Google search trends seems to support this view.

The 2017 bull market was accompanied by a wave of new entrants into the cryptocurrency market, as evidenced by the surge in Google search results for terms like “bitcoin” and “cryptocurrency.” If we use the same metrics, we can conclude that cryptocurrency has lost its buzz among new traders. For example, a term like “cryptocurrency” achieved a Google Trends score of 12 in the most recent week, down from a perfect 100 at the start of 2018.

That said, hedge funds are still a long ways away from dominating the crypto market.  In fact, institutional adoption remains weak overall in spite of the recent growth. This was recently pointed out by Tom Lee, the Wall Street crypto analyst leading research at Fundstrat Global Advisors.

In Lee’s view, cryptocurrencies failed to rally during blockchain week because of adoption hurdles at bank as well as a lack of custodial tools among major institutions. Using the same logic, Lee concludes that institutional demand is one of the missing ingredients for a large rally in prices.

However, Lee has maintained a strongly bullish outlook on crypto assets, including a price forecast for bitcoin of $25,000 by the end of the year.

Disclaimer: The author owns bitcoin, Ethereum and other cryptocurrencies. He holds investment positions in the coins, but does not engage in short-term or day-trading.

Featured image courtesy of Shutterstock.

Important: Never invest (trade with) money you can't afford to comfortably lose. Always do your own research and due diligence before placing a trade. Read our Terms & Conditions here. Trade recommendations and analysis are written by our analysts which might have different opinions. Read my 6 Golden Steps to Financial Freedom here. Best regards, Jonas Borchgrevink.

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4.5 stars on average, based on 413 rated postsSam Bourgi is Chief Editor to Hacked.com, where he specializes in cryptocurrency, economics and the broader financial markets. Sam has nearly eight years of progressive experience as an analyst, writer and financial market commentator where he has contributed to the world's foremost newscasts.




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Walmart’s Flipkart Deal: The Dawn of a New Day in India

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It’s the dawn of a new day in India, particularly cross-border investment, thanks to Walmart’s groundbreaking controlling stake in Bengaluru-based e-commerce darling Flipkart. Walmart has tried for years to no avail to enter the South Asian country, until now.

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As a result of the deal, Walmart now has five seats on the online retailer’s board and is poised to play an influential role on the direction of the company — including a possible Flipkart IPO — setting the tone for further investments into the region in the interim.

It’s $16 billion deal values Flipkart at a whopping $21 billion and helps the Arkansas-based big-box retailer to compete more fiercely with Amazon, considering that the integration goes smoothly. Walmart has chosen a controversial target company to kick things off. Flipkart has been at the center of a saga ironically surrounding a previous cross-border investment.

Amazon is fighting back, however, as evidenced by it reaching into the belly of western India including Gujarat’s Bhuj, where some residents don’t even have online access. Amazon is taking an Etsy-like approach there with a focus on handmake craft items that are unique to this corner of the world.

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No doubt corporations around the world have it on their radar as a possible harbinger of more cross-border investment activity to unfold in the region.

Gopal Jain of Mumbai-based private equity firm Gaja Capital told The Financial Times: “India continues to be perceived in global boardrooms as a tough place to do business in.” But he also said that as a result of this deal, global executives have gone from “being on the heels to being on the toes.”

India’s Cross-Border Investment

The overhaul of India’s international investment has been two decades in the making. And while India Prime Minister Narendra Modi says his administration has opened the doors to foreign investment, there still hasn’t been much evidence of that. For instance, cross-border M&A into India totaled $14.5 billion last year, lagging the performance of other developing countries including Brazil and China by as much as 50%, as per Dealogic data cited in the FT.

Indeed, the last time that a deal of anything close to the size of Walmart’s Flipkart acquisition was more than a decade ago in the telecom space when Vodafone took a majority position in Hutchison Essar. That deal left a sour taste in the mouths of would-be pursuers given hostile tax environment in which Vodafone was forced to operate.

Prime Minister Modi has the opportunity to prove to the rest of the world that India indeed is open for investment. If the Walmart deal can somehow help to shake the stigma that is attached to foreign investment into India, as evidenced by the “tax terrorism” that’s been attached with the region, it, in fact, could reflect the dawn of a new day for cross-border M&A in India.

Feature image courtesy of Shutterstock.

Important: Never invest (trade with) money you can't afford to comfortably lose. Always do your own research and due diligence before placing a trade. Read our Terms & Conditions here. Trade recommendations and analysis are written by our analysts which might have different opinions. Read my 6 Golden Steps to Financial Freedom here. Best regards, Jonas Borchgrevink.

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4.4 stars on average, based on 7 rated postsGerelyn has been covering ICOs and the cryptocurrency market since mid-2017. She's also reported on fintech more broadly in addition to asset management, having previously specialized in institutional investing. Full disclosure, she's invested in bitcoin.




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