Month: August 2019

Earlier this month, Amazon announced plans to hire blockchain experts for its advertising division. But how can the use of blockchain technology possibly resolve the pain points in the advertising industry? For the crypto industry, which is worth more than $240 billion, you’d think standard business tools like a shared database would be de rigueur in the digital advertising industry — but you’d be wrong. In reality, the industry uses very outdated, manual, time-consuming processes when it comes to selling, Read more …

Tesla Inc CEO Elon Musk and Alibaba Group Holding Ltd Executive Chairman Jack Ma come together at the World Artificial Intelligence Conference (WAIC) in Shanghai, China. | Source: REUTERS/Aly Song Tesla CEO Elon Musk joined Jack Ma, the richest man in China, to debate the pros and cons of the use of AI at the World AI Conference, in Shanghai. Musk is pro AI, which has been a staple of the Tesla vehicles despite ever-growing problems. It’s been a while Read more …

Telegram Open Network’s (TON) blockchain public testing will launch on Sept. 1, according to one of the investors. On Aug. 28, Russian news outlet Vedomosti quoted an anonymous TON investor claiming to have learned this information from the development team, and the head of one of the companies that participated in the testing so far. According to the outlet’s sources, TON’s node software and all relevant documentation would be released to the public on Sept. 1. This first version of Read more …

Blockchains and the related field of decentralized technologies represent a massive opportunity for humanity — not to mention the fact they appeared with almost perfect timing. Our largest institutions have become so powerful that they can take advantage of normal people without repercussions. Look no further than Facebook spying on its users and the surveillance state run by the Communist Party of China.  Fortunately, blockchain technology, cryptography and other distributed systems act as a counterbalance to this extreme consolidation of Read more …

The NCAA has been taking advantage of student athletes for years. Thanks to California Senator Nancy Skinner, that could soon be changing. | Source: Stephen R. Sylvanie-USA TODAY Sports Payday could finally be coming for some college athletes. California Senator Nancy Skinner just tweeted that her SB 206 bill won unanimous approval from the Assembly Appropriations Committee. Yes! My bill, #SB206 — which will give California college athletes the rights to monetize their name, image, and likeness — just won Read more …

Automotive supplier Continental has unveiled an application called Earn As You Drive, which uses blockchain technology to monetize car user information. Parking space data for digital currency Forbes reported the news on Aug. 29. Per the report, Continental has partnered with tech firm Hewlett Packard Enterprise and open source network provider Crossbar.io to create Earn As You Drive. This application reportedly lets drivers opt in to earn digital currency for sharing information about street parking availability through vehicle sensors. The Read more …

The Bridgewater Associates co-chief investment officer warns that the stock market could be gearing up for a repeat of the 1930s. | Source: Shutterstock Forget all the recession talk, Wall Street tycoon Ray Dalio is afraid an economic depression could be in the cards. The Bridgewater Associates co-chief investment officer warns that conditions in the financial markets are beginning to look a lot like the 1930s when the U.S. economy was mired in the Great Depression. As fate would have Read more …

Cielo, the largest payment processing provider in Brazil, has unveiled support for Bitcoin (BTC) and cryptocurrency purchases on its point-of-sale (PoS) devices. Crypto payments via QR codes Cointelegraph Brazil reported the news on Aug. 30. According to the report, users can make crypto payments through Cielo PoS devices via QR codes. The PoS machines generate QR codes for payment, and the customer can then use a smartphone in order to scan a code and make a payment. The customer also Read more …

South Korean art-focused blockchain project ArtBloc will conduct a fractionalized ownership sale of two paintings by popular British painter David Hockney. ArtBloc launch commemoration ArtBloc plans to host a special event introducing the blockchain-enabled fractionalized ownership sale of two of David Hockney’s paintings in Seoul on Sept. 19, local outlet KoreaTechDesk reported on Aug. 29. “Hockney Night with ArtBloc” will also function as ArtBloc’s launch party, where art enthusiasts will be able to check out work by Hockney that has Read more …

Bitcoin price is at risk of falling from the current trading range and is hanging by a thread at $9,600 after repeated attempts to hold above $10,000 failed. And while a rebound from here cannot be ruled out, Bitcoin price was rejected by high timeframe resistance dating back to the previous crypto market bull run, when Bitcoin reached $20,000 and eventually began to crash. 2017’s Bull Run Support Is Rejecting Bitcoin Price Almost Two Years Later After Bitcoin price met Read more …

Tether Holdings, the firm that issues tether (USDT), has plans to launch an offshore Chinese yuan stablecoin called CNHT. Tether’s digital dollar presence within the crypto economy has been massive in recent months, seeing significant demand from China. Bitfinex shareholder Zhao Dong has explained in a recent interview that Tether is also preparing to launch stablecoins backed by bulk commodities like gold, rubber, and crude oil. Also read: ERC20 Tether Transactions Flip Their Omni Equivalent Tether Dominance in the East Read more …