Day: June 25, 2019

Check out Bitcoin.com’s Rebrand Giveaway and Win a Keepkey Hardware Wallet

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Last week Bitcoin.com rebranded and to celebrate the new look, we’ve decided to give away a bunch of prizes to our followers. This week we’re giving out a Keepkey hardware wallet, collectors coins, Bitcoin.com Store vouchers and t-shirts with our new logo. Also Read: Trading Cryptocurrencies Like a Boss Takes Time and Research Grab Some Swag Courtesy of Bitcoin.com We designed Bitcoin.com to be the go-to web portal for all your Bitcoin needs and over the last four years we’ve been prepping to serve billions of people worldwide with our…

Beat Bakkt: LedgerX to Launch Physically-Backed Bitcoin (BTC) Futures

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LedgerX Can Launch Bitcoin Futures Just a few weeks back, Bakkt revealed that it would be launching its Bitcoin (BTC) futures product for user testing in late-July. But, it seems that another cryptocurrency exchange has beat the New York Stock Exchange-backed initiative to the punch, so to speak. Announced Tuesday morning, LedgerX, a crypto asset derivatives platform headquartered in the Big Apple, has received clearance from the U.S. Commodity Futures Trading Commission (CFTC). This regulatory green light will allow the company to list physically-settled BTC futures, which are far different…

Bitcoin Market Valuation Skyrockets above $200 Billion; What’s Driving It?

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The bitcoin market capitalization on Tuesday skyrocketed above $200 billion for the first time since January 2018. The price of the world’s first and foremost cryptocurrency surged from $4,092 to as high as $11,470 in just less than three months. Earlier before, bitcoin has dipped as low as $3,404 during the first quarter of 2019, with its market capitalization around $59 billion. The cryptocurrency is now trading more than 200 percent higher in terms of year-to-date performance while looking to extend its gains amidst a handful of positive fundamental factors.…

Bitcoin Market Valuation Skyrockets above $200 Billion; What’s Driving It?

boss

The bitcoin market capitalization on Tuesday skyrocketed above $200 billion for the first time since January 2018. The price of the world’s first and foremost cryptocurrency surged from $4,092 to as high as $11,470 in just less than three months. Earlier before, bitcoin has dipped as low as $3,404 during the first quarter of 2019, with its market capitalization around $59 billion. The cryptocurrency is now trading more than 200 percent higher in terms of year-to-date performance while looking to extend its gains amidst a handful of positive fundamental factors.…

Walmart China Will Track Food in Supply Chain with Vechain’s Thor Blockchain

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Walmart China plans to track food through its supply chain with VeChain’s Thor blockchain, reveals a VeChain press release published on June 25. Per the release, the Walmart China Blockchain Traceability Platform (WCBTP) will be a joint venture by Walmart China, VeChain, PricewaterhouseCoopers (PwC), cattle company Inner Mongolia Kerchin, and the China Chain-Store & Franchise Association. WCBTP has been reportedly announced at the 2019 China Products Safety Publicity Week Traceability System Construction Seminar jointly organized by Walmart China and the CCFA in Beijing. Walmart China already revealed 23 product lines…

Human bias and discrimination in AI systems

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As part of our AI auditing framework blog series, Reuben Binns, our Research Fellow in Artificial Intelligence (AI), and Valeria Gallo, Technology Policy adviser, look at how AI can play a part in maintaining or amplifying human biases and discrimination. This post is part of our ongoing Call for Input on developing the ICO framework for auditing AI. We encourage you to share your views by leaving a comment below or by emailing us at AIAuditingFramework@ico.org.uk. The fact that AI systems learn from data does not guarantee that their outputs will…

Synthetix Reverses Oracle Error-Caused Misplaced sETH in Exchange for a Bug Bounty

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Following a recent oracle issue, asset issuance platform Synthetix will reverse the misplaced 37 million synthetic ether (sETH) in exchange for a bug bounty, Synthetix founder Kain Warwick stated on June 25. According to the statement, Synthetix has now resumed trading and transfers after the platform yesterday suffered an oracle error that led to several trades with profits of 1000x, resulting in more than $1 billion in profits in under an hour. Warwick, who is also CEO of Australia-based payment operator blueshyft, has described the details of the accident, noting…

You Can Now Get Bitcoin Rewards When Booking at Hotels.Com

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Bitcoin (BTC) rewards shopping app Lolli has expanded its business by adding major booking service Hotels.com to its partners, the company announced in a blog post on June 25. With the new partnership, the New York-based firm now has two of the world’s top three travel websites including Booking.com and Hotels.com, Lolli said in the announcement, citing data from traffic analytics service SimilarWeb.  Founded in March 2018, Lolli allows users to earn Satoshis (sats), the smallest unit of bitcoin currency worth of 0.00000001 BTC, while shopping online. The firm claims…

Bitcoin Hits 2019 Price Record of almost $11500

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Bitcoin hit a new 2019 record price Tuesday. The virtual currency reached $11464, the highest since March 2018. After paring its gains slightly, Bitcoin is trading at $11232 as of this writing. Bitcoin has been on a strong recovery path from its 2018 lows in recent months. Last week it made significant gains, crossing the $10000 and $11000 thresholds within 24 hours. It reached a 15-month high of $11135 last Saturday. Bitcoin market is experiencing the strongest buy-activities in recent months. During the last seven days, the cryptocurrency climbed by…

This One Chart Exposes Bitcoin’s Nakedly Bullish Potential

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Cryptocurrency investors have long harped on the myriad similarities between bitcoin and gold. At a basic level, the two assets are considered as vehicles for the storage of value. Additionally, both are interchangeable and divisible. Most importantly, bitcoin and gold have limited supply; a property that makes both assets attractive to investors and speculators. Recently, a popular cryptocurrency trader revealed a far more striking similarity between the two assets, a similarity that derives purely from human psychology and bodes insanely well for the current bitcoin price boom. This Gold Price…