Day: August 5, 2019

Certain Tokens Need a Safe Harbor

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U.S. Securities and Exchange Commission (SEC) commissioner Hester Peirce expressed interest in building a non-exclusive safe harbor for token offerings. The news was reported by Singaporean blockchain business consulting firm Jenga BCG in a press release published on Aug. 5. Per the document, Pierce made her remarks during the Convergence Forum held at the Singapore University of Social Sciences and sponsored by the local blockchain business consulting firm Jenga BCG. The conference — which has allegedly seen over 500 attendants on July 30 — reportedly included discussions brought on by…

Ripple Price Technical Analysis (August 5): Facing a Lot of Resistance

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Ripple (XRP)trade is currently trading at $0.3276. When looking at the chart below, we can see that the XRP price has recently broken the resistance level of $0.3232, turning it into support. The next resistance level is at $0.3323. Although when looking at the bigger picture the price is in a sideways trend, an uptrend will start only after the price closes above $0.350. Taking long position is not suggested at this stage. Dow Theory According to Dow Theory, XRP is currently during the accumulation phase. This is the phase…

Peter Schiff Slams CNBC for Giving Bitcoin More Airtime Than Gold

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Bitcoin’s (BTC) fresh bull run this week is down to speculators betting on Chinese economic upheaval, not Chinese upheaval itself, Peter Schiff claims. Schiff: speculators buying Bitcoin to speculate In a tweet Aug. 5, the veteran gold bug and well-known Bitcoin naysayer claimed that current events impacting the Chinese economy did not cause fresh interest in Bitcoin. “The Chinese aren’t buying Bitcoin as a safe haven. Speculators are buying, betting that the Chinese will buy it as a safe haven!” he wrote. As Cointelegraph reported, BTC/USD has shot up over…

Bitmex Outflows Hit Record in July Exceeding $500M Amid CFTC Probe

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BitMEX, the second top crypto exchange by reported trading volume to date, experienced record outflows during the month of July. According to the blockchain data provider TokenAnalyst, the total outflow on the exchange amounted to around $530 million. Historic inflows and outflows on BitMEX. Source: TokenAnalyst BitMEX’s monthly outflow never exceeded $100M before Fellow industry analytics firm Ceteris Paribus commented on the news on Aug. 4, noting that BitMEX had never experienced outflow of more than $100 million in a single month. During the whole 2018, the total outflows accounted…

the right to human intervention and other safeguards

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Reuben Binns, our Research Fellow in Artificial Intelligence (AI), and Valeria Gallo, Technology Policy Adviser, discuss some of the key safeguards organisations should implement when using solely automated AI systems to make decisions with significant impacts on data subjects. 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 General Data Protection Regulation (GDPR) requires organisations to implement suitable safeguards when processing personal data to make…

The Apple Card’s Customer Agreement Prohibits Cryptocurrency Purchases

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According to a customer agreement released last month, purchase of cryptocurrencies through The Apple Card will not be permitted. The credit card service is a collaboration between Apple and Goldman Sachs. The customer agreement was published on Goldman Sachs website on August 2. The new credit card service in collaboration with the banking giant Goldman Sachs is part of Apple’s new initiative to launch projects that can help bring in revenue through service offerings. The efforts to diversify Apple’s revenue streams come after a 12% decline in Apple’s iPhone sales.…

IBM Launches New Blockchain Platform for Supplier Data Management

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Tech giant IBM and blockchain company Chainyard have jointly developed a new blockchain network for supply chain management. IBM announced the platform in a press release shared with Cointelegraph on Aug. 5. Alongside IBM, the Trust Your Supplier network’s founding members are also American brewing company Anheuser-Busch InBev, tech companies Cisco, Lenovo, Nokia, Schneider Electric, British pharmaceutical company GlaxoSmithKline and telecoms company Vodafone. The product is built on the IBM Blockchain Platform and aims to eliminate manual time-consuming processes and help reduce the risk of fraud and errors. Per the…

Venezuela Bitcoin Trading Skyrockets amid Insane 1,000,000% Inflation Projection

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Bolivar-to-bitcoin trading in Venezuela skyrockets to a new all-time-high. | Source: Shutterstock The number of Venezuelan Bolivars that were exchanged for Bitcoin last week hit a new all-time high as the International Monetary Fund (IMF) projected that Venezuela will experience the world’s highest inflation rate in 2019. During the week that ended on August 3, the number of Venezuelan Bolivars that were exchanged for Bitcoin rose to nearly 67 billion. The previous record was nearly 58 billion and this was recorded a little over a fortnight ago, according to Coin…

Blockchain Delegates to Trump’s ‘Peace to Prosperity’ Event Sue Each Other

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The founders of Orbs — the blockchain startup President Trump invited to his Middle East Peace Plan conference — have become mired in their own fraternal strife. As Israeli news site Globes reported on Aug. 4, Orbs’ Elad Arad is suing his co-founders Uriel and Daniel Peled for having dispossessed him of his share in the firm, among other charges. Peaceful glimmers Orbs is an Israeli blockchain infrastructure-as-a-service firm that raised over $133 million in an initial coin offering (ICO) last year and thus ranked among the top ten ICO…

Bitcoin Eyes $12K Price Hurdle as Dominance Rate Hits 28-Month High

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View Bitcoin looks set to test falling channel resistance at $12,030, having invalidated a bearish lower-highs pattern earlier today. The rise in bitcoin’s dominance rate to the highest level in over two years indicates the price rise is sustainable. A UTC close above $12,030 would confirm the falling channel breakout and allow a rally to $13,880 (June 26 high). The bull case would weaken if BTC closes today (UTC) below $11,120, although that looks unlikely. Bitcoin (BTC) is eyeing a move to key resistance above $12,000, having broken out of…