Day: November 20, 2018

Is Spain’s Rebel Province Catalonia Introducing Blockchain Voting?

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Twitter Facebook LinkedIn October 1, 2017. A clandestine referendum election is held against the Spanish government’s orders across schools and polling stations throughout Catalonia. It was a day of defiance with an overwhelming “yes” vote to sever ties with the rest of the mainland. It was also one marked with bloodshed, voter intimidation, and riots. The main perpetrators, then-party leader Carles Puigdemont and ex-vice president Oriol Junqueras are in exile and prison respectively, along with several other members of the controversial Catalonian government who instigated its independence. After a couple…

Information Commissioner’s Office appoints in-house expert to research and investigate the impact of Artificial Intelligence on data privacy

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The Information Commissioner’s Office (ICO) has appointed its first Postdoctoral Research Fellow in Artificial Intelligence (AI). Dr Reuben Binns, an influential figure in the emerging AI and data protection policy community, is joining the ICO on a fixed term fellowship. During his two-year term, Dr Binns will research and investigate a framework for auditing algorithms and conduct further in-depth research activities in AI and machine learning. His appointment supports the ICO’s goal of developing and enhancing its expertise and work in this increasingly important area. Dr Binns is currently a…

Mythical Games Announces a Whopping $16 Million in Series A Funding

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Mythical Games has announced a $16 million series A funding round. The company aims at integrating blockchain technology in the gaming industry and in the end develop world class video games for player-owned economies. Funds allocation According to a press release by the company’s management, “The funding will support the company’s first-to-market plans to develop and co-produce a slate of high-quality game titles (on mobile / PC / console) built around new player economies and user-generated content.” Despite the successful Series A funding round, the company is yet to release…

Venezuelan Department Store Retailer Now Accepts Payments in Cryptos

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Due to the deteriorating value of Venezuela’s fiat currency, the Bolivar Sovereign, a major department store in the country is now accepting payment in selected cryptocurrencies. Through its social media pages, Trakis announced that it will be accepting payments in Bitcoin Cash (BCH), Bitcoin Core (BTC), Dash (DASH), Ethereum (ETH) and litecoin (LTC). Could Trakis’ announcement spark a ripple effect? The move by the giant retailer is likely to spark a mass adoption of cryptos in the nation facing economic distress. Trakis has been in business for over three decades…

Remote Washington County Advocate for Inflated Electricity Prices for Crypto Miners

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Washington’s Chelan County Public Utility District (PUD) intends to pass down the cost of increased electricity demand to cryptocurrency miners in its proposed electricity pricing structure. The New Structure Explained Speaking about the proposed pricing regime, Lindsey Mohns the Customer Utilities Rate Adviser explains, “What this new rate structure (Schedule 36) does is brings into it a market consideration on the energy price because we will have to purchase power on the market to serve the variable load associated with cryptocurrency.” Protecting Locals Over Miners The new pricing structure is aimed…

Indian Government to Present Draft Bill on Crypto Regulation in December, Documents Show

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The Indian government is actively preparing a draft bill on crypto regulation, which is expected to see light this December, according to documents obtained by digital news website Quartz India Tuesday, Nov. 20. The government has filed a counter-affidavit yesterday, Nov. 19 in the Supreme Court of India, which is currently hearing a case filed by several crypto exchanges against the Reserve Bank of India (RBI). The document states that the Indian finance ministry panel, responsible for the draft and headed by secretary in the department of economic affairs Subhash…

Bitcoin Hits New Yearly Low at $4,280, Market Urgently Needs Rebound

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Twitter Facebook LinkedIn Over the past 24 hours, the price of Bitcoin fell from $4,900 to $4,280, by more than 12.5 percent amidst an unforeseen short-term price drop. On fiat-to-crypto exchanges like Coinbase and Kraken, which demonstrate a more accurate representation of the Bitcoin price given the premium on the Tether-to-BTC pair, the price of BTC dropped below the $4,300 mark for the first time in 2018. $4,280: Where is the Bottom? On November 19, a cryptocurrency trader and analyst known as The Crypto Dog stated that $4,800, despite being…

Bitcoin Hits Lowest Since October 2017 as Bitcoin Cash Drops 40 Percent

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A “panicked” twenty-four hours in cryptocurrency markets saw Bitcoin (BTC) hit fresh lows not seen in over a year Nov. 20 as assets across the board shed millions. Data from Cointelegraph’s price tracker, Coin360, CoinMarketCap, and Bitcointicker captured frenetic activity into Tuesday as BTC/USD dropped up to 17 percent, at one point reaching $4,237. Market visualization from Coin360 Bitcoin’s daily losses currently total 15.5 percent after a correction to around $4,500, while the situation remains highly volatile as the pair tests new resistance levels. Bitcoin 7-day price chart. Source: Cointelegraph…

Bitcoin Price Drops to $4,200 Despite Record Low On RSI

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Bitcoin’s price continues to slide despite the oversold conditions signaled on the technical charts for the last six days. The leading cryptocurrency by market capitalization fell to $4,200 soon before press time – a price low not seen since Oct. 5, 2017 – and was last seen trading at $4,484, according to CoinDesk’s Bitcoin Price Index (BPI). Notably, the 14 percent drop witnessed in the last 24 hours has pushed the widely followed 14-day relative strength index (RSI) below 10.00, its lowest reading on record. An asset is considered to…

Blockchain Can Stem Corruption in the Construction Sector

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Twitter Facebook LinkedIn The CEO of design software maker Autodesk Andrew Anagnost believes blockchain technology can end corruption and improve trust in the construction industry, the Australian Financial Review reports. Anagnost was speaking at the 2018 Autodesk University conference in Las Vegas when he made the comments while speaking with journalists at a roundtable discussion. California based Autodesk was founded in 1982 as design software for professionals in architecture, construction, engineering, manufacturing, media, and entertainment. Autodesk’s CEO said the construction design software maker had considered the integration of blockchain for its…