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Bitfury chief executive officer and co-founder Valery Vavilov reportedly said that the company created its AI unit. Blockchain startup BitFury launched an artificial intelligence (AI) unit, Reuters reports on Aug. 13. “Data is the new oil”Bitfury chief executive officer and co-founder Valery Vavilov reportedly said that the company’s dive into AI is motivated by the need to analyze and extract information from great quantities of data. He reportedly noted that data is becoming the new oil and stated: “We have collected so much data, but only 2% of all this data has been analyzed; 98% is sitting idle and waiting to be analyzed.” Vavilov also reportedly explained that the AI unity of the firm is still researching possible applications of artificial intelligence. Still, he also promised that next year BitFury will have more information about the AI-enabled products that the company intends to develop and offer to its clients. AI a potential danger to cryptoFormer vice president and manag..
TwitterFacebookLinkedIn iCoin International is bringing diamonds to the blockchain by providing a decentralized platform for interested individuals to participate in the buying and selling of diamonds. In light of this, iCoin international is launching an initial exchange offering (IEO) with LATOKEN, a highly acclaimed cryptocurrency exchange company, to reach out to a wider audience. iCoin is set to create a leveled ground for blockchain adoption in mainstream markets, especially in the precious gem industry. With the immutability of blockchain technology, the platform will become a market aggregator for the disruption of how diamonds are mined and marketed. By simply deploying innovative technology and artificial intelligence, the platform will deliver a much needed transformation in the market scene. Diamonds are highly-regarded gemstones with innate properties for both aesthetic and industrial use cases. However, the gem industry is blighted with a poor reputation in regards to ov..
TZERO has opened up public security token trading on schedule and says they might pay out dividends in Bitcoin or Ether. Retail giant Overstock’s blockchain subsidiary company, tZERO, has opened up its preferred equity security tokens — dubbed TZROP — for trading by accredited and non-accredited investors. TZERO announced the news in a press release on Aug. 12, the previously proclaimed day of the launch. According to the announcement, the TZROP token allows investors to directly participate in the company’s revenue growth via a quarterly dividend model. The announcement further states that the company could distribute a quarterly dividend of 10% of the company’s adjusted gross revenue for TZROP holders. However, it also specifies that this is subject to approval from the board of directors as well as Delaware law and accounting requirements. The company additionally specifies that it could pay out these dividends in U.S. dollars, Bitcoin (BTC), Ether (ETH) or even with more securit..
Ethereum Classic Labs’s Studio, a new program to support the development of new projects on the ETC blockchain, is now live. Ethereum Classic (ETC) Labs incubator today officially announced Studio, its new program to support the launch of new projects on Ethereum Classic. ETC Labs Studio to support firms seeking to launch projects and crowdsales on ETCAccording to an official blog post from Aug. 8, the ETC Labs Studio will now support companies that seek technical and marketing expertise for new projects and crowdsales. The new program intends to share technical expertise to promote building and implementation of decentralized applications and crowdsales, as well as provide guidance on project launch and marketing tools for businesses and startups that want to build on ETC blockchain. According to the post, the ETC Labs Studio program is already available for blockchain and crypto-related companies to enroll in. Terry Culver, CEO of Ethereum Classic Labs, said that Studio will bring t..
The Enterprise Ethereum Alliance will form a group working to boost collaboration between the mainnet and enterprises. The Enterprise Ethereum Alliance (EEA) is setting up a technical group working on collaboration between the mainnet and enterprises. The working group, called the EEA Mainnet Initiative, intends to accelerate and lead cooperation between the EEA’s enterprise and startup members, as well as those who work on the mainnet’s technology and interoperability solutions, according to a press release shared with Cointelegraph on Aug. 6. EEA Mainnet Initiative to work on interoperability and scalability solutionsThe Mainnet Initiative will seek to improve its knowledge about how public network components match the commercial market requirements needed to boost adoption of Ethereum, the press release notes. The EEA will hold interactive discussions on Mainnet Initiative as a part of the Ethereum Foundation’s major developer conference, Devcon5, in October 2019. Marley Gray, EEA ..
Tech giant IBM and blockchain company Chainyard have jointly announced a new blockchain network designed to improve supply chain management. 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 release, Trust Your Supplier creates a digital passport for supplier identity on the blockchain network that enables suppliers to share information with selected buyers on the network. By deploying the platform, users purportedly can..
Digital asset and cryptocurrency exchange OKEx now provides real-time data and six market indicators useful in derivatives trading. Malta-based digital asset exchange OKEx has launched a new comprehensive data insights platform that covers trading trends for derivatives. According to a press release shared with Cointelegraph, this platform will reportedly allow OKEx users to see real-time data on the exchange’s futures and perpetual swap markets for nine major tokens, including the top cryptocurrencies BTC, ETH, and XRP. The platform provides six indicators of market trends as follows: long/short positions ratio, basis, open interest and trading volume, buy/sell taker volume, top trader sentiment index, and top trader average margin used. As per the announcement, the goal of this platform — called Futures & Perpetual Swap Market Data — is to offer unbiased trading data for customers to better inform themselves and create trading strategies in the derivatives market. Andy Cheung, the..
Cryptocurrency compliance company Elliptic has released the Elliptic Data Set geared toward identifying cryptocurrency transactions associated with money laundering. Cryptocurrency compliance company Elliptic has released the Elliptic Data Set, geared toward identifying cryptocurrency transactions associated with money laundering (AML). The development was announced in a press release shared with Cointelegraph on Aug. 2. Making the crypto world more transparentHaving developed a data set of 200,000 Bitcoin (BTC) transactions with a total value of $6 billion, Elliptic claims it to be the largest set of labeled transaction data publicly available in any digital currency in the world. According to the announcement, the product is designed to help users more efficiently identify illicit transactions, as well as transactions associated with money laundering, sanctions violations or terrorist financing (CFT). At the same time, the product should reduce compliance costs and eventually elimin..
The blockchain-based browser Brave has moved from testing to public launch for its Twitter token tipping service. The blockchain-based decentralized internet browser Brave now allows Twitter users to tip content creators with its native Basic Attention Tokens (BAT). Brave discussed the public launch of its token tipping service in an announcement on Aug. 1, wherein users can reportedly specify the amount they wish to tip a given Twitter account, and the recipient will receive their tip in BAT directly. The announcement also lists a number of features associated with the tipping service, including setting up regularly recurring tips as well as a mechanism for Tweeting at a tipped creator to tell them how to claim their donation. Brave began testing its Twitter tipping service in May on its testing and development browser version called Brave Nightly. As detailed in the announcement, the new feature comes as new in-browser offering via Brave Rewards. Users who have opted into Brave Re..
Ethereum-based adult entertainment platform SpankChain has launched a cryptocurrency payments processor together with two new partners. Ethereum-based adult entertainment platform SpankChain has launched a cryptocurrency payments processor together with two new partners. An announcement published on July 31 reveals that the new service — dubbed SpankPay — is being launched with its first two integration partners: the adult entertainment industry fan platform JustFor.Fans and SkypPrivate, an anonymity-focused service that connects models and their clients via Skype and Discord. The Adult Entertainment Space Goes BlockchainSpankPay will enable users to use a host of cryptocurrencies — including BTC, ETH, LTC, Zcash, Monero and others — for instant transactions and 1-click purchasing for adult products and entertainment, and offers merchants a 0.5% processing fee to use the service. SpankChain — which focuses on building blockchain-based economic and technological infrastructure for the ..