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The future of bitcoin remains a topic of hot debate, but young people are significantly more likely to trust the cryptocurrency than their older counterparts.

That's according to a new survey from Bankrate, which found that 5 percent of millennials (defined, in this case, as those aged 18 to 37) say bitcoin is the best place to put money they won't need for 10 years or more. Only 1.2 percent of Gen X-ers (ages 38 to 53) favor it for long-term saving, and less than 1 percent of boomers (ages 54 to 72) do.

Relying on cryptocurrency as your long-term investment vehicle could be a costly mistake. Bitcoin has had a rough year: After surging to $20,000 a coin at the end of 2017, it fell to less than $6,000 by June of 2018. Some experts, including CEOs and Wall Street heavyweights, say the digital currency has run its course.

Berkshire Hathaway's Charlie Munger has called bitcoin "worthless, artificial gold," adding that it's "not something I think the world needs.

""The fact that it's clever computer science doesn't mean it should be widely used, and that respectable people should encourage other people to speculate on it," Munger told CNBC's "Squawk Box." "Bitcoin reminds me of Oscar Wilde's definition of fox hunting: 'The pursuit of the uneatable by the unspeakable.'"




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Kevin O'Leary, personal finance author and investor on ABC's "Shark Tank," points out that bitcoin is an asset, not a currency. By that he means that its volatility, or quick, sudden gains or drops in value, makes it difficult to use in transactions.

He explains it like this: When O'Leary tried to do a roughly $200,000 deal in bitcoin, the other party would only agree if he was willing to guarantee the value of the bitcoin against the price of the U.S. dollar, for fear the value would fluctuate before the transaction was complete."If clearly neither side thinks it is stable enough to transfer in one minute, and they don't even want to take one minute of risk, it is not a currency," he told CNBC Make It in December.




Kevin O'Leary: Here's the age by which you should have your debt paid off  Legendary investor Warren Buffett has also warned investors against crypto. "Stay away from it. It's a mirage, basically," he told CNBC's "Squawk Box" in 2014. "The idea that it has some huge intrinsic value is just a joke in my view.

"That doesn't mean that keeping long-term savings in cash, as 30 percent of millennials prefer to do, is the best idea either.

Especially when saving for far-off goals like retirement, it's crucial to invest in a way that takes advantage of compound interest and grows your money, Greg McBride, Bankrate's chief financial analyst, tells CNBC Make It.

"The buying power of your investments is going to get eaten away by inflation by about 2 percent to 3 percent per year," McBride says. "So you've got to earn at least that much to preserve the buying power.

"Although the stock market can be volatile, too, history shows that investing in it usually pays off: Over the past 90 years, the average annual return for the S&P 500 is over 9 percent.

Here are four ways you can make the most of the money you need for the future.

Diversify

First and foremost, diversify your investments. You want "something that is letting you be in a lot of different places all at the same time," Andy Smith, a certified financial planner at Financial Engines, tells CNBC Make It.

That means making sure you have a mix of investments across various categories. For example, if you choose to invest in index funds, don't just go with the S&P 500. "You can't just pick one index and think that all of your work is satisfied," says Nick Holeman, a certified financial planner at Betterment.


"There's smaller companies in the United States, there's companies in Europe and Asia and Australia and there's bond indexes."If you are looking to include crypto investments in your portfolio, Mark Cuban suggests only using money you aren't afraid to lose.

"If you're a true adventurer and you really want to throw the Hail Mary, you might take 10 percent [of your savings] and put it in bitcoin or ethereum," Cuban tells Vanity Fair. "But, if you do that, you've got to pretend you've already lost your money."




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Take advantage of tax savings

The easiest way to start investing is to contribute to a tax advantaged retirement account, such as a 401(k) or a Roth IRA.

"With a tax advantaged plan like a 401(k) or an IRA, the government is helping you save by giving you a tax advantage, whether that's a tax deduction now on the money you contribute or the ability for that money to grow on a tax-deferred basis, or, in the case of a Roth account, the ability to make withdrawals tax-free in retirement," McBride says. Plus, any employer match on a 401(k) account is essentially free money.

Read up on the different types of retirement accounts to decide which is right for you.

Don't take on too much too soon

Reluctance to enter the market is understandable, so it's important not to take on more risk than you're comfortable with. "Investing is not for the faint of heart," Holeman says.

"The stock market goes up and down very frequently and if you follow the news, you would think that every day is the impending doom for the stock market and that can be scary."Instead of dwelling on the daily upsets of the market, think about the variables that are within reach.

"You cannot control the stock market, that is out of your power," Holeman says. "But you can control your fees, your taxes, your risk, and your behavior."



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Put cash to work

Even the funds you keep in cash can be put to work. Although the average interest rate on a standard savings account hovers around 0.18 percent, online banks offer high-yield accounts with rates as high as 2 percent."If you're going to put money in cash, even for shorter amounts of time, do yourself a favor and make sure you're earning the most competitive return that you can so you can preserve the buying power," McBride says.

Don't be afraid to shop around for the best rates. To get started, you can check out rankings of the top accounts for 2018 from Bankrate and NerdWallet.

Don't miss: 77% of millennials think they know the best way to save for the future—but they're wrongLike this story? Subscribe to CNBC Make It on YouTube!



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Emmie Martin

Reporter for CNBC Make It

The EU Blockchain Observatory and Forum has built a new interactive map to highlight Europe’s crypto ecosystem. The map points startups and events in the sector, helping make blockchain enterprise exploration easier. Companies on other continents can also be mapped on the platform.

By

 Viraj Shah

Europe’s premier blockchain organization, the EU Blockchain Observatory and Forum has built a new interactive cryptocurrency map for the continent. The map points out crypto companies and highlights related events in an area.

It could help users find informationabout various startups and what they do. The map is open to users from around the world, who can filter results or mark startups in their respective continents.

A Map for Detailed Crypto Exploration

The interactive map marks crypto and blockchain companies and provides relevant details of their objectives, purpose, year of establishment, etc. It also displays the website and other important information about the company.

Blockchain events will also be listed on the map for easy access to enthusiasts. Users can create filters in the search criteria to find companies or events in an area or find blockchain initiatives in a certain sector.


The Observatory designed the map with Europe in mind. However, it welcomes global users to add companies and events from other continents too. Currently, only European entities are available. The agency warns users that the map is crowdsourced, but entries are reviewed before submission.

Therefore, it will be vital for users to do their research before adding any companies.

The Observatory Takes a Giant Leap With Multiple Projects

The interactive map project was first announced In March. The agency stated that they are:

“Creating a public map of existing blockchain initiatives; regrouping key players, projects, and regional activities driving the ecosystem’s development. The end result will be a dynamic, geographical map, available on the Observatory and Forum website. Such map is highly valuable for both the European Union and other participants in the blockchain ecosystem.”

Every company submission takes 10 to 15 minutes, for which a user needs to fill a form. Event submissions are made through a separate form.The agency has been very active recently in educating citizens about blockchain and cryptocurrencies.

Apart from several workshops, it also announced a 90-minute ‘Ask Me Anything (AMA)’ session on its website to answer questions related to the blockchain, its use cases and its future in the world.
https://blokt.com/news/an-interactive-map-lets-you-explore-eus-cryptocurrency-startups

Nuco, a startup founded by a group of former Deloitte employees, has released a new white paper detailing its latest blockchain initiative.

Dubbed Aion, the proposed technology aims to connect different blockchains, including private networks operated by enterprises. The idea is that, as more companies turn to the technology for a variety of applications, there will need to be a public layer through which these future networks can communicate – and that's where Aion comes in.

As the white paper outlines, Aion would act as a kind of "bridge" between those networks, serving as "a mechanism to transfer data and value securely between them." Aion, as a public blockchain, will utilize a token aimed at incentivizing the various parties involved in both validating transactions and putting up the resources to transact between the different networks.

The paper explains:

"The AION 1 itself can be used to deploy decentralized applications on, as well as will maintain a public record of transaction between bridges. Essentially, facilitating a network that is to blockchains what the internet is to computers."

Aion's public nature is notable among enterprise-facing solutions on the market today, which have tended toward private, permissioned networks in which only approved parties can participate. Aion's "Connecting Network", according to the paper, would link both private and public networks alike.

Nuco also details a built-in governance structure that functions by way of a voting system, with the aim of .... continue reading: 
http://www.coindesk.com/nuco-builds-tokenized-blockchain-bridge-enterprise-applications/

Augur is a decentralized prediction market built on the Ethereum blockchain. It allows you to forecast events and be rewarded for predicting them correctly.

Stunningly accurate forecasts on any topic

Augur's prediction markets provide powerful predictive data - you can think of the current market price of any share in any market as an estimate of the probability of that outcome actually occurring in the real world. For example, a share priced at 64 cents has a 64% probability of happening.The accuracy of prediction markets rests in the idea of the

"The Wisdom of the Crowd". This states that the average prediction made by a group is superior to that made by any of the individuals in that group. Markets are the perfect way to aggregate this collective wisdom - which is made up of all the information, analysis and opinion held by members of the group. With these individuals buying and selling shares in the outcome of real-world events, based on their personal knowledge and opinion, the market prices reach an equilibrium that reflect the opinion of the entire group.

Prediction markets have proven to be more accurate at forecasting the future than individual experts, surveys or traditional opinion polling. They provide real-time predictive data and are traded using real money - which incentivises market participants to reveal what they think will happen, rather than what they hope will happen. Traders are putting their money where their mouths are.... Learn more:
https://augur.net/