Day: April 8, 2019

GM, BMW Back Blockchain Data Sharing For Self-Driving Cars

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Car giants General Motors and BMW are backing blockchain tech as a way to share self-driving car data among themselves and other automakers. It’s all part of a bid to unlock valuable data held in silos which will ultimately get autonomous vehicles on the road sooner. Exploratory work in this area is being done under the auspices of the Mobility Open Blockchain Initiative (MOBI), a consortium formed last year to harmonize the development of distributed ledger technology (DLT) across the car industry. CoinDesk has learned that the next MOBI working group…

Capital One Presents Blockchain Patent for Content Validation

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United States bank holding corporation Capital One has won its latest blockchain-related patent, this time incorporating the technology in a content validation system. Documents from the U.S. Patent and Trademark Office released the patent on April 2. Capital One, which last year focused its intellectual property efforts on blockchain for user authentication, now wants to use it as part of a wider network involving content providers. “A device may receive first content data from a content provider, the first content data including data identifying content,” an extract from the patent’s…

Bipartisan South Korean Lawmakers Call on Gov’t to Ease Crypto, Blockchain Regulation

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A cross-party group of South Korean lawmakers have reportedly called on the government to ease regulation of cryptocurrencies and blockchain technology. The news was reported by local English-language newspaper the Korea Herald on April 7. Notwithstanding the ruling Democratic Party’s broad agenda of deregulation, the lawmakers claim the Moon Jae-in administration is pursuing measures that stifle and hamper growth of the nascent industry. They reportedly claim the country’s financial regulator, the Financial Services Commission, has taken an unduly conservative stance toward easing regulation of the sector. In a speech on…

Artificial Intelligence Helps South Korea Police End $18 Million Crypto Ponzi Scheme

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South Korean police have arrested suspects behind a cryptocurrency ponzi scheme using artificial intelligence (AI), local English-language news outlet Korea Joongang Daily reported on April 8. The scheme, which reportedly stole a total of 21.2 billion won ($18.3 million) over a six-month period in 2018, came to an end after the Seoul Special Judicial Police Bureau for Public Safety trained robots to catch those involved using keywords and other clues. “Through keywords such as Ponzi, loan and recruiting members, we were able to teach the AI patterns of Ponzi schemes,”…

Former Trading Desk Manager Sues Kraken for $900,000 Over Alleged Failure to Pay

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A former employee at United States-based crypto exchange Kraken is suing the firm for over $900,000, claiming the exchange failed to pay him for his work there. Bloomberg reported the news on April 7. Jonathan Silverman — who reportedly joined the exchange in April 2017 to manage institutional sales and its trading desk in New York — claims he reached an oral agreement with exchange founder Jesse Powell to receive a $150,000 salary, as well as 10% commission of the trading desk’s annual profit. In his lawsuit filed in New…

ICO response to government’s Online Harms White Paper

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Information Commissioner, Elizabeth Denham said:   “I think the white paper proposals reflect people’s growing mistrust of social media and online services. People want to use these services, they appreciate the value of them, but they’re increasingly questioning how much control they have of what they see, and how their information is used. That relationship needs repairing, and regulation can help that. If we get this right, we can protect people online while embracing the opportunities of digital innovation.   “While this important debate unfolds, we will continue to take…

Bitcoin (BTC) Price Defies Gravity, Looks to Trade Higher

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The price retested the $5,360 resistance and it looks set to trade further higher in the near term. There was a break above a short term contracting triangle with resistance at $5,155 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair is likely to surge towards $5,500 or even $5,600 once it successfully clear the $5,360 resistance. Bitcoin price is climbing higher towards key resistances against the US Dollar. BTC could accelerate gains along with Ethereum once it clears the $5,360 resistance area. Bitcoin Price…

Crypto Market Could Hit $200 Billion: Bitcoin Cash, XLM, EOS, TRX Price Analysis

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The total crypto market cap is likely setting up for more upsides above the $180.0B and $185.0B levels. Bitcoin cash price is trading nicely above the $300 level and it may accelerate above $325 and $340. EOS price is currently consolidating above $5.50 and it could soon revisit the $6.00 level. Stellar (XLM) price is up more than 5% and it may rise towards the $0.1400 level this week. Tron (TRX) is also up around 5% and it is likely setting up for a break above the $0.0300 resistance. The…

Ripple (XRP) Price Could Soon Follow BTC and ETH Higher, Targets $0.40

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Ripple price is trading in a positive zone above the $0.3500 support area against the US dollar. Bitcoin and Ethereum climbed higher recently above the $5,200 and $180 levels respectively. There was a break above a short-term contracting triangle with resistance near $0.3620 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair must clear the $0.3750 resistance to climb towards the $0.3850 and $0.4000 resistances. Ripple price is placed nicely for more gains against the US Dollar and bitcoin. XRP might sooner or later break…

Ethereum (ETH) Price Signaling Bullish Breakout, Buying Dips Favored

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ETH price climbed higher nicely after forming a support base above $165 against the US Dollar. The price broke the key $175 and $180 resistance levels to move to a new yearly high near $188. There was a break above a major bearish trend line with resistance at $172 on the hourly chart of ETH/USD (data feed via Kraken). The pair tested a crucial technical level and it might correct lower in the short term towards $180. Ethereum price climbed to a new yearly high, with swing moves versus the…