AI, Automation, Digital Finance, Blockchain could boost global GDP growth by over 2% per year

Based on McKinsey scenario modeling, they estimate automation could raise productivity growth globally by 0.8 to 1.4 percent annually. * Deep learning could be worth $17 trillion. As deep learning advances, it should automate and improve technology, transportation, manufacturing, healthcare, finance, and more. Digital Finance could add 6% to world GDP by 2025 which would …

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Bitcoin went over $6000 during the day and a market valuation of $100 billion

Bitcoin set a new intraday high price record of $6,064, according to CoinDesk’s Bitcoin Price Index (BPI). The previous all-time high set on October 13, when the price rose to $5,856.10. Brian WangBrian Wang is a Futurist Thought Leader and a popular Science blogger with 1 million readers per month. His blog Nextbigfuture.com is ranked …

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IBM, Stellar and Klickex Announce Major Blockchain Solution to Speed Global Payments

IBM today announced a new blockchain banking solution that will help financial institutions address the processes of universal cross-border payments, designed to reduce the settlement time and lower the cost of completing global payments for businesses and consumers. Using IBM Blockchain, and in collaboration with technology partners Stellar.org and KlickEx Group, the solution is intended …

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Russia issuing crytocurrency version of the Ruble

President Vladimir Putin has officially stated that Russia will issue its own ‘CryptoRuble’ at a closed door meeting in Moscow, according to local russian news sources (via Cointelegraph). The news broke through Minister of Communications Nikolay Nikiforov. The state issued cryptocurrency cannot be mined and will be issued and controlled and maintained only by the …

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Zilliqa blockchain reaches 2488 transactions per second about one third of VISA – Mastercard throughput

The Zilliqa team expanded their network to 3,600 nodes (6 shards), and they observed a peak throughput of 2,488 transactions per second. Zilliqa is a blockchain developed by National University of Singapore researchers. They are planning to write another article to share more technical details, but for now we would like to highlight the tasks …

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Neuromation Critical part of AI ecosystem

Neuromation is building a critical component of the budding AI eco-system and plan to capitalize on the first-mover advantage: The Neuromation Platform provides an exchange and an ecosystem where participants can either contribute or purchase the components of an AI model. The Platform will use distributed computing along with blockchain proof of work tokens to …

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Understanding Initial Coin Offerings

Stellar.org published a white paper with Luxembourg House of Financial Technology (LHoFT) called Understanding Initial Coin Offerings: Technology, Benefits, Risks, and Regulations. Companies have raised over $1.8 billion through ICOs (Initial Coin Offerings) since January 2017. As organizations continue to raise tens, sometimes hundreds, of millions of dollars in each token sale, it grows increasingly …

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ICOs and VC investment in the blockchain

PitchBook has an update for Q3 2017 of ICOs and venture capital investment in the blockchain. * regulatory statements in China and the US have yet to temper market enthusiasm for the red-hot cryptocurrency and ICO market. Regulatory action against secondary exchanges in China may put short-term downward pressure on an overheated market, but will …

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Ethereum scaling to a lot more transactions

Vitalik Buterin created Ethereum. He projects that Ethereum will have Visa scale transaction per second in a couple of years. Currently Bitcoin is processing a bit less than 3 transactions per second and Ethereum is doing five a second. Uber gives 12 rides a second. VISA handles on average around 2,000 transactions per second (tps), …

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Canada’s guidelines for cryptocurrencies and ICOs

The USA, Singapore and Canada regulators have all issued some warning and guidelines for cryptocurrency and fintech. They are in general regulating tokens similar to securities. On August 24, the Canadian Securities Administrators (CSA), an organization composed of Canada’s provincial and territorial securities regulators, released Staff Notice 46-307 Cryptocurrency Offerings, which addresses how Canadian securities …

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