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Scientists vs Pump&Dump: will Machine Learning Help Combat Fraud?

Pump & dump is an old fraudulent scheme, originally used for making profits through the manipulation of the price of securities, has successfully taken root in the crypto-industry. Jiahua Xu and Benjamin Livshits from Imperial College London studied the features of pump&dump in digital asset markets and used machine learning to recognize fraud beforehand. After the rollercoaster of Bitcoin in 2017, the number of projects wishing to repeat the success of the first cryptocurrency has now exceeded one thousand. Most, in the end, turned out to be useless and their tare and volume of trading asymptotically tend to zero. Nevertheless,

Blockchain news

SBI Holdings To Revitalize Blockchain In Asia

It seems like a blockchain technology has a good reputation in the Asia market, however, not all industries had a chance to test the super technology. That is why SBI Holdings in joint cooperation with R3 decided to solve this issue. According to the resource, Japanese company SBI, which is extensively working in the cryptocurrency and blockchain sphere, will fund R3 as a part of the promotion. “Europe is the most advanced in blockchain product development. The new joint venture will strengthen the Japanese language service, and promote adoption”, – said R3 CEO David Rutter. Company’s members also stated that

Blockchain news

Powerful Than The Internet: More than 37% Of Large German Business “For” Blockchain

German business continues to be interested in blockchain technology. A recent market study showed that more than 37% of big business representatives showed interest in the blockchain and consider this technology to be more promising than online promotion. According to the report of the German edition of Bitkom, in general, 15% of German companies believe that the blockchain “will change society and the economy in the same way as the Internet.” “In addition to artificial intelligence (AI) and the Internet of Things (IoT) market, blockchain technology is one of the three current areas of development with“ enormous potential ”, the survey

Blockchain news

HTC Cryptophone: Taiwan Techno Giant Introduced Its Blockchain Smartphone

HTC introduced its first crypto-enthusiast smartphone Exodus 1 in Helsinki, which began taking orders in October. Earlier, FNI Blockchain already wrote about the technological and innovative development of Taiwanese developers. The presentation of the HTC smartphone took place in Helsinki with the participation of the creator of Litecoin, Charlie Lee, and bore a clear ideological burden. HTC Chen, director of HTC decentralization, said the company believes in the open Internet and expects Exodus to help users get rid of the “tyranny of technology” by regaining control of their personal information. According to him, what was perceived as the beginning of

Blockchain news

The Anti-Forgery And Counterfeiting Via Blockchain Solutions

The U.S. Department of Homeland Security announced an $800,000 grant. Within the grant, American authorities are planning to fund the organization, which will provide the blockchain solutions for anti-forgery. The DHS, via its Department of Science and Technology, announced to launch a non-dilutive funding, which includes four phases. A non-dilutive funding does not require a sell of the company’s equities, which will be funded. The funding program is related to the solicitation under the title “Preventing Forgery and Counterfeiting of Certificates and Licenses”, which was launched by DHS in November. The main objective for DHS is to improve its capabilities

News

Buterin, Wilcox, Lindner: What are the Consequences of the 51% Attacks on the Crypto Industry?

The recent 51% attack on Vertcoin has caused mixed feelings among opinion leaders in the crypto industry. The founder of the Zcash project Zooko Wilcox-O’Hearn and Vitalik Buterin, as well as the host of $BTCM Podcast Ansel Lindner, shared their vision of the causes and consequences of the problem. Zooko Wilcox believes that the possibility of an attack of 51% is a serious threat to the Nakamoto consensus. Moreover, the founder of Zcash believes that the whole difference in resistance to such attacks between Bitcoin and Zcash is quantitative, not qualitative, therefore, this threat also exists for Bitcoin. This is

Blockchain news

KYC And Blockchain: A New Type Of Application To Tested In Abu Dhabi

Financial capacity in the UAE continues to increase. Recently, the Abu Dhabi Global Market (ADGM), which is the United Arab Emirates International Financial Center, announced the successful completion of testing the blockchain application for the KYC procedure. As stated in the message, the first phase of the project was carried out jointly with the Financial Services Authority (FSRA) and a consultant from KPMG. The application provides financial institutions with a single platform where the client can identify the person only once, without having to repeat the procedure in other subjects. The key features of the application are an immutable and

Bitcoin news

Two Crypto Funds By Bitwise Asset Management

Major companies continue to actively develop the cryptocurrency sector. American Bitwise Asset Management is planning to launch two new crypto funds – Bitwise Bitcoin Fund and Bitwise Ethereum Fund. As the company’s members point out, the launch of these funds is largely driven by clients’ interest, and also by the fact that there are many unstable options for cryptocurrencies. The bear market is an ideal moment for investors to buy digital assets at low prices. The main features of new funds will be assets stored in the cold storage, the guarantee of which will be supported by Kingdom Trust. It

Blockchain news

Swift is Shifting to Blockchain

The Swift payment platform is testing a new system based on blockchain technology to solve the problem of delayed payments and to reduce errors, according to the Financial Times. Swift is an international banking system, founded in 1973 by 248 banks from 19 countries, today includes more than ten thousand financial institutions in more than 200 countries of the world. Tens of millions of transactions shift more than $200 billion every day. However, this system continuously faces more and more serious competitors. Among the latter: Revolut Ltd is a payment system and exchange that supports more than 150 currencies, including

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