Day: October 29, 2018

AI, machine learning and blockchain

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Big, big data is needed to power worthy AI predictive models, but that is still a work in progress, says a former lead investor in Google DeepMind. Pamela Whitby finds out more Humayun Sheikh does not dispute the fact that Google DeepMind is a leading light in artificial intelligence research and its application for positive impact. As a former lead investor in the company, who exited when Google snapped it up in 2014 for a reported $500-million, that would be a bit ungrateful. After all, Sheikh had the opportunity of…

Crypto Exchange OKEx Delists Over 30 Trading Pairs for Weak Volume

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OKEx, the second largest crypto exchange by volume, has announced the delisting of more than 30 trading pairs including Ripio/ETH and Monetha/BTC. The exchange cited weak trading volume as the justification for the ejections. The delistings will not take effect until the 31st. Listing and delisting is a common practice among cryptocurrency exchanges, and, depending on the size of the exchange, can be the death-blow to a coin’s price. Some have voting mechanisms in place where clients can even essentially pay to have a token listed, generally in hopes of…

Israeli Blockchain Startup Concludes $30 Mln Financing Round That Included Intel, Sequoia

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Israeli blockchain startup StarkWare Industries has completed a $30 million financing round, generating funds from such industry players as Intel Capital and Sequoia USA, according to an announcement published Oct. 29. Established in 2018, StarkWare Industries develops both software and hardware, with applications including transparent privacy in blockchains, increased transaction throughput, as well as off chain computation. The company offers a zero-knowledge protocol STARK, that purports to address the privacy and scalability challenges of the blockchain field. The firm has announced the completion of its $30 million financing round, which…

How One Project is Fighting Fake ICO Reviews Using AI and Blockchain

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On October 24, Revain, a service for collecting customer reviews, released a full-scale working 1.0 version of its Ethereum-based platform. As the project team reported to Cointelegraph, the 1.0 version is completely blockchain-based, containing a verification system and artificial intelligence (AI), among many of its other new features. “Users can see all of the reviews written in the blockchain on a special page,” reads the official press release. The Revain platform was launched in order to change the process of collecting reviews from customers, by means of blockchain technology. The…

Gov’t Taskforce Proposes Crypto Regulation Changes, Questions Crypto Definition

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The U.K. Cryptoassets Taskforce has released a report Oct. 29 that proposes some changes for cryptocurrency regulation and raises concerns over how digital assets are traded and used. Launched in March, the Cryptoassets Taskforce is made up of of the Bank of England (BOE) and the Financial Conduct Authority (FCA) and is charged to regulate and support crypto technologies. Since there is no widely agreed definition of a cryptoasset and given that cryptoassets significantly vary in the rights they provide to their holders, the Taskforce has developed a framework that…

Hacked Bitcoin Exchange MapleChange Returns, Discloses Refund Plan

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Following yesterday’s report that MapleChange had claimed to have been hacked and gone offline, the Canadian bitcoin exchange’s Twitter account has come back to life, and they have opened a Discord chat room in order to facilitate altcoin refunds. According to a tweet, they will not be refunding any litecoin or bitcoin deposits. Their main website remains offline. We CANNOT refund any BTC or LTC funds unfortunately. We will try our best to refund everything else. — MapleChange (@MapleChangeEx) October 28, 2018 Customers appeared to garner no reassurance from the…

SC Johnson will Offer Crypto for Recycling in Indonesia Soon

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SC Johnson has just announced that it has teamed up with Plastic Bank to reduce the global ocean plastic crisis happening around the world. The companies are currently trying to increase recycling rates in impoverished communities within Indonesia, while also trying to address the challenges of poverty. SC Johnson Blockchain SC Johnson and the environmental organization are planning on opening eight plastic recycling centers in the future and will offer its local tokens for the waste collection. The first center will officially open on October 8th in Bali. The press release…

Bitcoin Price Intraday Analysis: BTC/USD Breaks Stability, Falls

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The downside pressure renewed in the bitcoin market after two weeks of firm action. The bitcoin-to-dollar exchange rate on Monday dropped by more than 3 percent, breaking below the critical support level near 6300-fiat. The pair formed intraday lows on a downtrend towards 6212-fiat, only to find a weak bullish sentiment. The price has corrected ever since and is showing signs of weak sideways consolidation. A pennant formation is likely at this moment before BTC/USD continues to its downward action. The US Dollar Index (DXY) looks bullish at the beginning…

Bitcoin, Ethereum, Ripple, Bitcoin Cash, EOS, Stellar, Litecoin, Cardano, Monero, TRON: Price Analysis, October 29

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The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph. Every investment and trading move involves risk, you should conduct your own research when making a decision. Market data is provided by the HitBTC exchange. Hackers stole 913 bitcoins from Canadian cryptocurrency exchange MapleChange. Though the exchange was small, repeated news of hacks are a major deterrent to the entry of institutional investors into the crypto industry. Responsible for managing large sums of money, traditional financial organizations are unwilling…

Korean Crypto Exchange Earns Key Government Cybersecurity Certification

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South Korean cryptocurrency exchange GOPAX has become the first blockchain company to attain K-ISMS certification, the official standard in Korea for information security management systems. This is an important sign of approval by the Korean government regarding GOPAX’s cybersecurity infrastructure. K-ISMS certification is an official domestic standard regarding the establishment, management and operation of information security systems for selected industries including server hosts, portal services and internet service providers. Based on Article 47 of the Act on Promotion of Information and Communications Network Utilization and Information Protection (“the Network Act”),…