Month: March 2019

Yahoo! Japan Enters Crypto Despite Bear Market with its Bitcoin Exchange

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Taotao, a crypto exchange based in Japan, is planning to launch in May with the approval of Japanese authorities. According to a CNBC report in April 2018, Yahoo! Japan said that it will acquire a 40 percent stake in BitARG Exchange Tokyo, which has since reportedly been rebranded to Taotao. “Yahoo Japan Corp said on Friday it would buy a minority stake in a Tokyo-based cryptocurrency exchange, becoming the latest major Japanese financial services provider to shrug off security concerns and join the digital money industry,” the report read. Prior…

I’m Privately Bearish on Blockchain

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A senior executive at Bank of America (BoA) is not bullish on blockchain despite the bank holding more patents than any other finance firm, CNBC reported on March 26. Speaking to the publication in an interview, chief technology officer Catherine Bessant said that even though the bank’s official stance on the technology was palpably buoyant, her personal views were quite different. “What I am is open-minded,” she said. “In my private scoreboard, in the closet, I am bearish.” BoA currently holds more than 80 blockchain patents, beating out the likes…

Taiwanese Development Council to Form Blockchain Alliance in Three Months

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The National Development Council (NDC) of Taiwan announced today that it will launch a blockchain alliance in three months, English-language local media Taiwan News reported on March 26. The NDC is the policy-related agency of Taiwan’s executive branch of government, known as the Executive Yuan. Per the report, Minister Chen Mei-ling told the Smart City Summit & Expo in Taipei that the NDC has already consulted other government departments, experts and academics in order to determine the purpose of the alliance. Mei-ling reportedly expressed the hope that Taiwan may become…

An overview of the Auditing Framework for Artificial Intelligence and its core components

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Reuben Binns, our Research Fellow in AI, and Valeria Gallo, ICO Technology Policy Advisor, outline the proposed structure, core components and areas of focus of the ICO’s new auditing framework for artificial intelligence (AI). Last week Simon McDougall invited comment from organisations on the development of our auditing framework for AI. The framework will support the work of our investigation and assurance teams when assessing the compliance of data controllers using AI and help guide organisations on the management of data protection risks arising from AI applications.As promised, we will be posting…

Here’s Why Litecoin Price Has Been Surging Since December 2018

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The cryptocurrency market was in a long bearish stretch until all the top assets located their short bottom in December last year. Litecoin was one among them. Litecoin Price Performance Since December 2018 | Source: CMC On December 12, the Litecoin’s dollar valuation touched its yearly low at $23.01. And since then, the pair has recovered surged close to 156-percent, now trading at a relatively impressive rate of $59, with recent highs going as up as $61.54.  One could say that Litecoin so far followed the overall cryptocurrency market sentiment.…

Blockchain Can Improve Productivity in Manufacturing

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The president and CEO of Samsung SDS — an IT and consultancy subsidiary of the South Korean tech conglomerate Samsung Group — has said that blockchain can improve productivity in the manufacturing industry. President and CEO Hong Yuan Zhen’s comments were reported by local media agency Sina Technology News on March 26. Sina reports that the executive made his statement during the “Boao Forum for Asia 2019 Annual Meeting,” which is being held in Boao in China’s Hainan province between March 26 and 29. During a forum devoted to the…

Crypto Exchange DragonEx Reports Hack of Both Platform, User Assets

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Singapore-based cryptocurrency exchange DragonEx has notified its users that it suffered a hack, according to an official announcement on the platform’s Telegram Channel on March 25. The incident— described as “attacks from hackers” that resulted in the transfer and theft of both “users’ […] and Platform crypto assets,” reportedly occurred on March 24, and was immediately detected by DragonEx. An admin from the exchange notified users that: “Part of the assets were retrieved back, and we will do our best to retrieve back the rest of stolen assets. Several Judicial…

Chinese Province’s Transport Upgrade Plans Will Make Full Use of Blockchain, IoT

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Blockchain will be one of the technologies local Chinese authorities will leverage in an overhaul of local transport infrastructure, a government bulletin reported on March 25. New plans recently approved reference blockchain, in addition to other disruptive tools such as big data and the Internet of Things (IoT), as being useful for implementation in the Jiangsu Province, north of Shanghai. A multi-year project called the “Implementation Plan for the Promotion of Transportation Infrastructure Development” aims to update both passenger and freight networks to reduce pollution and increase efficiency. According to…

Bitcoin Probes Key Price Support Below $3.9K After Range Breakdown

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View Bitcoin fell below $3,920 yesterday, as expected, confirming a short-term bullish-to-bearish trend change. As a result, the crucial support of the 30-day moving average, currently at $3,883, could be breached in the next day or two. A break below the 30-day MA, if confirmed, would strengthen the case for a deeper drop toward the key support levels lined up at $3,775 and $3,658. A strong bounce from the 30-day MA would weaken the bearish case. That said, a UTC close above $4,055 is needed to revive the bullish view.…

Blockchain-based Entertainment Platform ‘Blue Baikal’ opens Pre-Registration Event Connecting Producers, Influencers and Consumers

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Blue Baikal, a community service for global users who enjoy entertainment, opened-up eir pre-registration event, in which registrants can join the community, recommend a friend, and become ambassadors. Blue Baikal is a Blockchain based entertainment content platform that connects content producers, influencers, and consumers. The company pursues a system in which entertainment businesses can grow, profits can be maximized, and fair profit sharing with the participants is promoted. advertisement With three different formats, social media, digital content store and crowdfunding, Blue Baikal offers a platform in which users can promote,…