Day: October 11, 2017

Ex-fund manager Michael Novogratz has said in an interview that he believes the value of a bitcoin will reach $10,000 in six to 10 months.

While digital currencies offer alternative forms of payment for illicit activities, Jamaican police are looking to hit human traffickers in their Bitcoin pockets.

The evidence that some users have been shorting alts to get the Bitcoin Gold airdrop is getting stronger.

Allowing more people to invest in cryptocurrencies is not an easy feat by any means. Especially when it comes to institutional investors, there is a long way to go. RoboForex aims to name a positive impact in this regard, with a new cryptocurrency-related CFD venture. This is a big move for the international brokerage group. … Continue reading RoboForex Introduces Cryptocurrency-based CFD Trading

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Plenty of society’s daily operations could potentially be decentralized now or in the future. Although this concept is still considered to be a niche market, some innovative projects are laying the foundation for a better and more decentralized future. One of those projects goes by the name of Cerebrum, and it focuses on crowd-sourced machine learning. Combining machine learning with a decentralized platform will certainly yield some interesting results.

Cerebrum is a Decentralized World Brain

Machine learning has made a lot of inroads in the technology sector as of late. Especially in the world of artificial intelligence, opportunities are plentiful right now. However, most of the research to date revolves around proprietary systems and concepts which are not accessible to the average person on the street. That is only to be expected, as machine learning has yet to be successfully commercialized. Whoever is first to market will make a ton of money in the process.

Cerebrum may prove to be an interesting creature in this regard. Rather than building a centralized platform, its team is taking a decentralized approach. That in itself is rather interesting, as few projects are thinking along those lines right now. Cerebrum aims to become the “World’s Brain” by focusing on crowd-sourced machine learning. Building the world’s first decentralized platform for crowd-sourced machine learning will not be an easy feat. Additionally, Cerebrum seeks to enable prediction modeling on encrypted data.

Everyone can see that this project has no lack of ambition whatsoever. Allowing everyone in the world to properly encrypt data is an interesting concept. Then again, one has to wonder how many people will show an actual interest in doing so. Most consumers nowadays aren’t too bothered when it comes to taking security precautions to keep data out of the wrong hands. This situation will not be changed overnight either, although a decentralized platform capable of encryption may help move things along accordingly.

Moreover, Cerebrum will host machine learning competitions to utilize the collective intelligence of models created by the community itself. The company is inviting consumers and machine learning experts to weigh in on these matters and create better solutions for everyone’s benefit. All of this will be done without sacrificing data privacy, which is something a lot of people will thoroughly appreciate. Plus, the competitions on open data sets will allow for the collection of a library comprised of the most “optimal intelligent agents”.

It has to be said that the idea of a customizable intelligent agent sounds rather appealing. Everyone has problems they may not be able to answer or solve themselves. Having such a tool at one’s disposal could prove to be very efficient in this regard. Artificial intelligence and machine learning are two very powerful technological trends which shouldn’t be dismissed or ignored. Although not everyone on the planet is looking for an AI solution, it is time this idea became more approachable and understood by average people.

Last but not least, Cerebrum is designed to become an open source project in the coming days. That in itself is pretty impressive, even though it does appear there will be a token sale associated with the concept. No details regarding this ICO have been unveiled to date, though. The project’s roadmap includes some interesting concepts, including a Simple Mind alpha scheduled for Q1 of 2018. Plenty of good things are on the agenda for this project, assuming the team can fulfill its vision and deliver on its initial promises.

Sides are being drawn in the SegWit2x preparations, with even the original NYA signees moving.

One New Yorker’s fight against state’s BitLicense just had a good day in court, with the judge pushing her final decision to next year.

Bitcoin and cryptocurrencies are becoming a norm even for conservative investors in Japan and South Korea

Litecoin (LTC) now has a market cap of US$2.68 billion, up from US$206 million in April of this year. After posting a new all time high in the beginning of September, the market has retraced and largely trended sideways.Litecoin hash rate and difficulty continue to rise steadily on the SegWit enabled network. The Litecoin block reward is due to halve around August 2019. LTC transfers about a tenth of the transactions processed by either Bitcoin (BTC) or ETH per day.

Alexander Vinnik, alleged operator of exchange BTC-e, will face fraud charges in Russia first, a Greek prosecutor has said.

Not much is happening in the world of cryptocurrency right now, even though we have seen a good amount of bullish momentum yesterday. Things are a bit quieter today, although the XRP price is still doing some impressive things as we speak. Thanks to another 4.58% increase in the past 24 hours, things look pretty solid. At this rate, it takes little effort to push the XRP price to $0.30.

XRP Price Keeps Rising Sharply

No one can deny the XRP price has seen some significant action throughout 2017. The first 10 months of this year have been pretty positive for Ripple’s native asset as a whole, even though the all-time high value per XRP is still very far away as we speak. That doesn’t mean XRp won’t set a new all-time high this year, though, but it is very difficult to gauge how things will evolve right now.

With an XRP price of $0.2637, the native Ripple token is on the right track once again. It seems to be only a matter of time until we see the XRP price rise to $0.30 again, although this next leg up will not be easy by any means. After all, there are still 38.6 billion tokens in circulation, and a lot of those reside in exchange wallets as of right now. This also means the market is subject to severe speculation and price manipulation, which shouldn’t really surprise anyone these days.

One has to admit things are looking good for the XRP price as of right now. With the value going up by another 3.86% over the past 24 hours, XRP is the only currency / token to note any big gains over the past 24 hours. It seems most markets are at a standstill right now, even though that situation will come to change sooner or later. When all altcoins start to recover, the real price action will begin.

For the time being, the XRP price is in a good place and worth keeping an eye on. It also has solid trading volume, as it is second behind only Bitcoin in this regard. Contrary to what some people would expect, the XRP volume is slightly higher compared to Ethereum, and about $100m higher than Bitcoin Cash’s. Pretty impressive numbers for a digital asset so many people offhandedly dismiss as being a “scam” and “central bank currency”.

Looking over the XRP exchanges ranked by trading volume, we see some interesting patterns from as we speak.  Bithumb, Coinone, and Korbit all dominate the ranking right now, reaffirming the strong demand for XRP in South Korea. This could indicate there is some pump-a dump action taking place right now, but it is still too early to say for sure. There is some solid trading action in the XRP/USD and XRP/EUR markets as well, which is good to see.

In the end, it is unclear how the XRP price will evolve in the coming days. Right now, things are looking pretty good, but that doesn’t necessarily mean things will continue along the same path for an extended period of time. Similar to most other altcoins, XRP remains subject to some fluctuations which will not be overcome all that easily.  An interesting future lies ahead, though, as a lot of people still predict XRP will hit $1 at some point this year.

Bitcoin bears may have had the upper hand in their fight with the bulls on Tuesday, but the cryptocurrency is still on the hunt for $5,000 levels.