Cryptocurrency Data Firm Nomics Launches AI-Driven 7-Day Price Predictions

Cryptocurrency data firm Nomics is applying artificial intelligence to the often chaotic world of cryptocurrency trading.  In an announcement on April 23, Nomics introduced an AI system that makes seven-day cryptocurrency price predictions. The firm claims this makes it the first to share crypto asset price predictions generated by a machine learning (ML)-based AI system. Clay Collins, the firm’s CEO, told Cointelegraph that the predictions are meant for retail investors looking for ML predictions, and should not be taken as gospel: “These predictions are not investment advice. Investments and trading…

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MyEtherWallet to Offer ‘.Crypto’ Blockchain Domains to 1 Million Users

Users of MyEtherWallet, an Ethereum wallet app, will soon be able to buy a .crypto domain from the wallet’s interface. Unstoppable Domains, a company that is hoping to spread awareness of the decentralized domain type, entered a partnership with the wallet provider. Announced on April 23, the integration with MyEtherWallet would allow the domain provider access the wallet’s 1 million monthly active users. Unstoppable Domains refers to the wallet company as a domain registrar, which are normally companies responsible for reselling domains.  Unlike with traditional domain registration, custody of the…

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Bitcoin Investors Hodl $530M More BTC Each Day as Halving Nears — Data

Bitcoin (BTC) hodlers are accumulating more coins every day than any time in over a year, as crypto investment looks increasingly attractive. According to data from monitoring resource Glassnode on April 23, this month saw a significant increase in BTC positions.  Hodler position change hits 75,000 BTC per day Known as Hodler net position change, the data shows that long-term Bitcoin investors are in bear market mode, seeking to buy up coins at what they consider to be a bargain price point.  The metric originally came from Bitcoin alpha fund…

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Blockchain Fantasy Soccer Game Sorare Signs Licensing Deal With Real Betis

Blockchain-based fantasy soccer game Sorare has signed a licensing agreement with Real Betis — the Andalusian soccer team that drew the French star player Nabil Fekir to La Liga last summer. Fekir will be just one of the Real Betis-licensed digital collectible player cards issued by Sorare on the Ethereum blockchain.  For each player and each soccer season, Sorare issues one “unique” player card, 10 “super rare” player cards, and 100 “rare” player cards. These can then be traded on secondary markets or used in Sorare’s game. One of these…

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Starbucks and McDonald’s Rumored to Be Testing China’s Digital Currency

Rumors are surfacing of an upcoming real-world test of the proposed Chinese digital yuan currency. According to Chinese publication Interchain Pulse, a promotion conference was held on April 22 in the city of Xiong’an, located close to Beijing. Government agencies, digital currency developers and merchants participating in the upcoming pilot were invited. The initiative is part of the Xiong’an Smart City program. It began on September 25, 2019 as an association of enterprises, higher education institutions, research institutes and technology companies. Its board of directors includes companies like Huawei, Tencent,…

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Sony Bets on Blockchain to Reshape the Future of Public Transport

While many nations remain at a near-standstill due to the COVID-19 pandemic, major players in tech are continuing to develop innovative infrastructure for when we get moving again. Sony announced on April 23 that it has successfully developed a new blockchain system for integrating data and service provision across different forms of transportation — whether it be trains, buses, taxis, car-sharing or on-demand rental bicycles. This approach to transport — referred to as MaaS (Mobility as a Service) — aims to provide people with data regarding optimal routes to their…

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Celsius CEO on Why Bitcoin Didn’t Explode During COVID-19 Pandemic

Alex Mashinsky, chief executive officer (CEO) of cryptocurrency lending platform Celsius Network, thinks Bitcoin (BTC) hasn’t become enough of a non-correlated asset for investors to turn to it in the current financial crisis. In an April 22 interview on the David Pakman Show, Mashinsky said the cryptocurrency didn’t see a significant surge at the start of the pandemic because “if you take any snippet over the last year, you would see very high correlation [between BTC and] the stock market.” This correlation combined with the current crisis may be enough…

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DeFi Platform Suffers 51% Attack From Its Top Miners — or Does It?

Drama continues to plague decentralized finance (DeFi), with Factom-based stablecoin network PegNet appearing to suffer a 51% attack that resulted in $6.7 million worth of the USD-pegged stablecoin pUSD being fraudulently created. The attack was executed by a group of four miners who collectively control 70% of PegNet’s hash rate on April 22. The miners were unsuccessful in attempts to liquidate the funds and now claim it was simply a security penetration test. PegNet core developer ‘WhoSoup’ posted a recap of the events surrounding what he believes was an attack.…

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Surviving Crypto Volatility With Derivatives Contracts

Volatility has been the dominant theme in financial markets lately. As uncertainty around COVID-19 and its impact on the economy deepens, markets have been swinging wildly. We’ve seen the S&P 500 falling off a cliff as well as risk assets across the board taking a beating. Cryptocurrency markets have been no different and have exhibited extreme volatility. Amid the pessimism, Bitcoin (BTC) broke below the $4,000 mark on Black Thursday and fell nearly 50% from recent highs.  It’s been over a month since the crash, and though we have seen…

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City’s Ransomware Denials Exposed, Still Faces 100 BTC Demand

A ransomware gang has published personal and financial data from the Californian City of Torrance online — and threatened to reveal 200GB more unless their demands are met. Calling themselves DoppelPaymer, the ransomware gang has demanded 100 Bitcoin (BTC) — worth around $700,000 — in exchange for not releasing any more files stolen in the March 1 cyberattack.  The cyberattack erased the City’s local backups and encrypted approximately 150 servers and 500 workstations. The release of the data is embarrassing for City officials who claimed that no private data from…

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