Day: October 25, 2017

Cryptocurrency mining continues to push AMD’s revenue higher, but the graphics card manufacturer’s CEO believes that could level off soon.

SMEs need a new economic model so that they can help fuel growth of ordinary people.

Volatility is often common for popular digital currencies, but Ethereum is taking things to another level. A couple of hours ago, the ether-dollar (ETH-USD) exchange price managed to fall to US$275, which represents its lowest trading level since the 23^rd of September. However, the price quickly recovered and hit US$311 a few hours later.

The last 24 hours of trading have shown an interesting trend for ETH-USD, considering the fact that the trading day started with prices slipping by roughly 3.3% and then quickly regaining all the lost value, all within the span of two hours.

This is especially interesting considering that on a week-on-week basis, the ETH price was down by roughly 14.97% despite its high trading volume. Many believe that this decline was a necessary correction given the high performance manifested by the digital currency during the first half of 2017. After all, the ETH price managed to hit a new all-time high of US$400 shortly before China decided to ban initial coin offerings back in September. While Bitcoin quickly recovered from the bad news, it took Ethereum a while longer, and it seems like the latter coin is still in a recovery phase.

However, recent trading has caused the ETH price to rise from a low of US$275 to a high of US$311 within a matter of hours. At the time of writing, GDAX lists the price at US$307.88. A 7.28% increase is a much-appreciated sight for investors and traders alike.

Based on all the above, what are your thoughts on recent volatility in the ETH markets? Let us know in the comment section below.

We all daydream about the future. About AI – controlled cars, humans living on the Moon, robotic pets; about the end of fossil fuels and of centralized data storage. These all imply high – impact technological projects. Let’s call them Moonshots, and they sure sound great. But who’s funding them? Governments or universities? Not anymore. … Continue reading Invest in the smartest tech development club and join their mission to change the world

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There have been a growing number of interesting developments in the world of robotics. More specifically, various countries around the world are looking at ways to make robots a part of everyday life. China is, surprisingly enough, investing a lot of money in police robots. It is only a matter of time until these creations become more prominent in the country’s capital city.

Police Robots are Coming to Beijing

No one can deny there are a lot of worthwhile concepts to explore when it comes to robotics and various aspects of everyday life. More specifically, it seems the Beijing traffic police will soon be joined by a new type of robot capable of identifying traffic violations. This is a major breakthrough, to say the very least, as there are some interesting options to be explored in this regard. Human operators often can’t keep up with these violations, which poses a risk to public safety.

After all, China is prone to quite a few traffic violations, similar to any other country in the world. Solving this problem will not be easy, although there is a new solution that is readily available by the looks of things. More specifically, the Beijing police experimented with a highway patrol robot late last week. Its main areas of focus include illegal parking and driving in emergency lanes. So far, the results are rather promising.

The Beijing traffic police conducted this first experiment along the city’s Airport Expressway. A robot the size of your average piece of luggage doesn’t look out of place by any means. It is this inconspicuous quality that will allow the robot to yield the desired results. Moreover, the robot weighs around 20 kilograms and can achieve speeds of up to 3 miles per hour. It is not a speedster by any means, but that isn’t what this robot was designed to be.

With a fully charged battery, this police robot can operate for about one full workday, as its battery has an operational capacity of five to eight hours. It all depends on the amount of work the machine has to do. Nevertheless, police will need multiple robots in order to conduct 24/7 monitoring. It is unclear if that will change moving forward.

Moreover, this police robot is capable of capturing images and video to back up its assessments. It is this type of technology that makes robots so appealing, as they will send the evidence back to the police officials themselves. Creating a backup of all collected evidence has become a lot more important over the past few years. Other routine work not related to traffic violations is also part of this police robot’s day-to-day job. It’s a rather versatile creation, to say the least.

Right now, the goal is to see these robots being used more frequently. Beijing’s traffic police unit has already reported that this experiment went as expected and that it wants to step up its crackdown on traffic violations and improve overall road safety. It will be interesting to see if other cities in China follow Beijing’s lead in the years to come. Police robots are a growing industry right now, and such efforts will become more common in the coming years.

Analysts have expected the price of Bitcoin Gold to surpass that of Bitcoin Cash upon its debut. However, over the past few hours, almost immediately after its launch, the price of Bitcoin Gold has dropped by nearly 51 percent. Difference Between Market’s Support For Bitcoin Cash and Bitcoin Gold Bitcoin, Bitcoin Cash, and Bitcoin Gold … Continue reading Bitcoin Gold Price Drops 51% Upon Launch, Worth 40% of Bitcoin Cash

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Don’t let the name fool you.  SilentNotary, the worlds first Blockchain Notary is making lots of noise.  On October 26 company founders will begin their first round of the ICO. Inquiries from across the cryptocurrency universe are being received. It’s easy to understand why. So much attention is being drawn to the market for Initial … Continue reading SilentNotary.com To Make Its Debut

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While fierce debates rage over cryptocurrencies and ICOs, many within capital markets may be missing the ultimate point: The fabric of commerce is about to be fundamentally transformed. The revolution of decentralization is upon us. Cryptocurrencies and coin offerings, along with blockchain, are the enabling means for a new economy. Will the capital markets be involved?

It’s not every day that an ICO comes around with thirteen patented technologies to enhance the smartglass space that’s expected to boom. By introducing their token LCD, Lucyd endeavors to make the future of augmented reality glasses and apps decentralized.

Disclosure: This is a Sponsored Article

With the traditional market realizing that AR is no gimmick, but rather an accelerating trend. Market research experts estimate that the AR space will be worth 134 billion dollars by 2021. In the nascent stages of this technical revolution, Lucyd has procured the worldwide exclusive rights to thirteen patents from the University of Central Florida that optimizes AR glasses.

These patents allow for a sleek design with familiarity. Wearing Lucyd glasses is expected to be like wearing normal prescription glasses. These innovations come as a relief to prospective users who expect glasses to be comfortable to wear. Not only will Lucyd’s designs comfortable to wear, they will allow for prescription lens wear as well.

The glasses will also provide up to 120° field of vision which is vastly superior to the Lumens head mounted display (HMD) which is expected to provide 55° or the Google Glass which yields 54°. By cutting down the size of the AR frame, Lucyd is also able to cut down the weight as well as the light leakage, which in turn is expected to provide better optical resolution and extended battery life.

Innovation doesn’t just stop with the frame size. Lucyd’s head mounted display will connect with your smart phone, an improvement that allows for energy efficiency as well as access to your handheld operating system whether it be Android or iOS.

LCD is used to organically motivate user and developer engagement with Lucyd smartglasses. It accomplishes this through the Lucyd Lab blockchain, on which new AR content & apps are registered. Blocks then release LCD to developers based on user ratings of their content, and to users based on their feedback to the developer community, and participation in ads and promotions. LCD can be used to purchase AR products from Lucyd and other developers, as well as bought and sold on token exchanges.

Lucyd will release 50 mln tokens in the total sale, out of which 25 mln are on offer at the presale price of 1 ETH=2,133 LCD. The regular sale LCD token will be valued at 1 ETH=1,280 LCD (Oct 31st or when the pre-sale pool of 25 million LCD is sold out).

Another 50 million LCD is designated to support long term development (30 million LCD), reward third party developers (10 million LCD) and the management team (10 million LCD – frozen for 12 months). LCD will go on sale exclusively for Ether. All the money raised by the ICO will go into development of a prototype, business development, administration and legal compliance.  Following the roadmap set for the development of Lucyd Lens, Lucyd expects the prototype to come out in early 2019.

The first 500 pairs of Lucyd smartglasses are reserved for LCD holders who have given over 2.35 ETH, giving token sale participants a chance to be among the first to wear them (you will need to return the purchased LCD to Lucyd to get them). LCD tokens may be used to purchase Lucyd hardware and native content when available. Although actual production costs may vary, Lucyd estimates 5,000 LCD will be able to be exchanged for one basic pair of Lucyd smartglasses. LCD can also be sold to token exchanges for other tokens and fungible currencies. Lucyd plans to design developer tools, productivity and entertainment apps made natively for its smartglasses, available on App Store/Google Play. Such apps would be eligible for purchase via the LCD token.

Lucyd’s team, led by Konrad Dabrowski, Eric Cohen, and Harrison Gross, is very confident in their published patented technology allowing for a seamless, ergonomic user experience. It is a rare ICO with patents and an experienced team including five Ph.D.’s.. The research professor that developed the thirteen patents, Janick Rolland Ph.D., works as a science advisor and optics expert. Dr. Rolland has already developed the central optical system that will be utilised by Lucyd. The optics team is led by Dr. Mike Kayat, who is a physicist and a business development executive with 20 years of experience in development and marketing in advanced optics. Dr Clifford Gross, Strategic Commercialization Lead, is an experienced executive and entrepreneur who founded three public companies and is a named inventor on 19 issued patents from his research.

Professor Hao Li is a Lucyd science advisor, and a well-recognised AR expert. His work revolves around dynamic shape reconstruction, real-time facial and body performance capture, 3D hair acquisition and garment digitalisation.  Dr Chris Harrison, also a science advisor, is an expert in AR and Human-Computer Interaction at Carnegie Mellon, while recently added Pedro Lopes is an expert in Haptic AR and a Human Computer Interaction Researcher at the Hasso Plattner Institute, Germany.

Lucyd ensures that they will only have a sale like this once. Any tokens not sold are kept in the team’s storage. The pre sale which is capped at 25 million has already started this Oct 17.

The head of South Korea’s central bank has ruled out classifying bitcoin as a currency, according to a new report.

The post Overstock Reveals Plans for Equity Token Exchange and ICO appeared first on Bitcoin Magazine.

There are some exciting ventures taking place in the world of cryptocurrency right now. We have seen a few different teams raise money to introduce Bitcoin to chat solutions such as Telegram. There is also the Kin ICO, which was quite successful in its own right. E-Chat aims to achieve similar success, although it will not be limited to support for just one cryptocurrency.

E-Chat Combines Decentralized Messaging With Cryptocurrencies

Whenever projects like this arise, the obvious question is often the most difficult to answer. Why in the world would anyone move away from existing messaging solutions just because it supports cryptocurrencies? The answer to this question is not straightforward, as it is very likely that E-Chat will only appeal to cryptocurrency users. It doesn’t necessarily benefit the rest of the world whatsoever, which will result in a lot of missed opportunities along the way.

That being said, one always has to keep an open mind whenever a new project comes around. Under the hood, there are a few reasons to get excited about E-Chat, assuming its developers can actually pull off the effort. First of all, the team aims to present a messaging solution which is completely decentralized. That’s an ambitious goal, albeit one that is certainly attainable given enough time. After all, most messaging solutions in use today are still pretty centralized, despite some companies’ choosing not to store chat logs.

To achieve their goal, the E-Chat team will use various technologies including a peer-to-peer communication protocol and blockchain technology. There is also mention of using IPFS in the future, although it remains to be seen how that will be pulled off exactly. Perhaps the biggest selling point of E-Chat is how its team plans to support multiple cryptocurrencies moving forward.

A lot of teams focus on supporting either Bitcoin or their own native cryptocurrency or token. In the case of E-Chat, the goal will be to support multiple major cryptocurrencies, although no specific details have been announced just yet. Its website references Bitcoin and Ethereum support, but it is possible other coins will be integrated as well. All supported currencies will be capable of being sent between platform users, but they will also be useful for contactless, NFC, and QR payments as well.

Additionally, E-Chat will have all the features one would expect from a regular messaging app. Text, voice, and video chat are all supported, as are private chats and channels. Everything will come with end-to-end-encryption, fingerprint input, and facial recognition tools. That is what the team claims to provide in the future, at least, and it remains to be seen how successful this venture will be when it actually launches. These ambitious goals may not be feasible in the long run.

While all these features are appealing, there is a lot of competition in the messaging sector right now, especially with the Kik team recently having completed their Kin ICO. Established platforms have a leg up over any new project trying to enter this space, for obvious reasons. More competition will eventually benefit users and consumers, though. Getting people to ditch existing apps in favor of new solutions will not be easy by any means, regardless of cryptocurrency support.