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Crypto Corner: SEC Comes Down on Floyd #Mayweather and DJ Khaled for ICO Payments, #Coinbase Pro Launches Zcash Trading and Intel ( $INTC) Files #Bitcoin Mining Patent
November 30th #CryptoCorner and Podcast sponsored by Crypto payment tech, #Flip @FlipToPay ($NXTD) and Genesis Exchange and Wallet App @GenesisBlockch
Point Roberts, WA and Delta, BC - November 30, 2018 (Investorideas.com Newswire) Investorideas.com, a leader in crypto and blockchain investing news, in partnership with Fit Pay, Inc.'s (subsidiary of NXT-ID (NASDAQ: NXTD) crypto payment tech, Flip and the Genesis Exchange and Wallet App bring you today's edition of the Crypto Corner podcast and commentary on what's driving the cryptocurrency market.
Crypto Corner: SEC Comes Down on Floyd #Mayweather and DJ Khaled for ICO Payments, #Coinbase Pro Launches Zcash Trading and Intel Files #Bitcoin Mining Patent
Market Struggles After Brief Recovery, SEC Comes Down on Floyd Mayweather and DJ Khaled for ICO Payments, Coinbase Pro Launches Zcash Trading and Intel Files Bitcoin Mining Patent
Stocks discussed: (NasdaqGS:INTC)
After seeming to experience a modest recovery this week, the crypto market has again taken a dip, with Bitcoin (BTC) briefly falling below the $4000 support level. Since yesterday's Crypto Corner, total market capitalization has fallen about $8 billion USD from $139 billion to $131 billion at press time, according to CoinMarketCap. Bitcoin (BTC) is currently trading for about $4030, having lost 7 percent of its market cap in the last 24 hours. And altcoins listed by market cap are in the red with XRP, Ether (ETH) and Bitcoin Cash (BCH) having dropped 4.7, 4.4 and 3.8 percent, respectively.
The U.S. Securities and Exchanges Commission (SEC) has charged professional boxer Floyd Mayweather and music producer DJ Khaled for "failing to disclose payments they received for promoting investments in Initial Coin Offerings", according to a press release. The release indicates that Mayweather failed to disclose payment from three different ICO issuers including $100,000 from Centra Tech Inc. Khaled received $50,000 from Centra Tech and similarly failed to disclose the payment. An excerpt from the SEC release details the two men's penalties:
Mayweather agreed to pay $300,000 in disgorgement, a $300,000 penalty, and $14,775 in prejudgment interest. Khaled agreed to pay $50,000 in disgorgement, a $100,000 penalty, and $2,725 in prejudgment interest. In addition, Mayweather agreed not to promote any securities, digital or otherwise, for three years, and Khaled agreed to a similar ban for two years. Mayweather also agreed to continue to cooperate with the investigation.
Crypto exchange giant Coinbase announced yesterday that its Coinbase Pro platform was launching trading for Zcash (ZEC). The launch of the privacy-focused coin began with 12 hours of deposits before trading became fully active.
Tech giant Intel Corporation (NasdaqGS:INTC) has filed a patent for "energy-efficient high-performance Bitcoin mining", according to a U.S. Patent and Trademark Office (USPTO) application posted on November 27. The posting describes the patent as a "hardware accelerator" that will "eliminate the need for recursive rounds of computations of these parameters and reduce the overall circuit area and power consumption by about 15%."
Flip™ is the creation of Fit Pay, Inc., a leading provider of cutting edge payment technology and a subsidiary of NXT-ID (<NASDAQ: NXTD). By leveraging the FitPay Payment Platform™, Flip enables cryptocurrency holders to seamlessly exchange their cryptocurrency for US dollars and store that value on a contactless payment device that can be used to make purchases at millions of retail locations. https://www.fliptopay.com/
Genesis Exchange and Wallet App by Genesis Blockchain Technologies (GBT)
@GenesisBlockch
GBT is a powerful cryptocurrency centralized / decentralized exchange which will include a broad range of services and benefits from cryptocurrency and blockchain markets development, while avoiding complications and risks arising from crytocurrency ownership, transfer, and exchange. You can Download the Genesis Exchange and Wallet App at Google Play and on the Apple App Store. Learn more at http://www.mygenesis.io
Talk about the sector with other companies and investors- Join our LinkedIn Group Blockchain and Digital Currency Stocks and ICO's - Latest News and Commentary https://www.linkedin.com/groups/13560073
About Investorideas.com - News that Inspires Big Investing Ideas About Investorideas.com - News that Inspires Big Investing Ideas
Investorideas.com is a recognized news source publishing third party news and press releases plus we create original financial content. Learn about investing in stocks and sector trends from Investorideas.com with our news alerts, articles, podcasts and videos talking about cannabis, crypto, technology including AI and IoT, mining ,sports biotech, water, renewable energy and more. Investorideas.com original branded content includes the daily Crypto Corner and Podcast, Play by Play sports and stock news column, Investor Ideas #Potcasts #Cannabis News and Stocks on the Move podcast and column, Cleantech and Climate Change Podcast and the AI Eye Podcast and column covering developments in AI.
Disclaimer/Disclosure: Investorideas.com is a digital publisher of third party sourced news, articles and equity research as well as creates original content, including video, interviews and articles. Original content created by investorideas is protected by copyright laws other than syndication rights. Our site does not make recommendations for purchases or sale of stocks, services or products. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. All investment involves risk and possible loss of investment. This site is currently compensated for news publication and distribution, social media and marketing, content creation and more. Contact each company directly regarding content and press release questions. Disclosure is posted for each compensated news release, content published /created if required but otherwise the news was not compensated for and was published for the sole interest of our readers and followers. More disclaimer info: http://www.investorideas.com/About/Disclaimer.asp. Disclosure: this newsletter and podcast is sponsored content by featured companies NXt-ID (NASDAQ: NXTD) on behalf of Flip and GBT Technologies . More info: http://www.investorideas.com/About/News/Clientspecifics.asp Learn more about Investor ideas podcast and news publication services and costs https://www.investorideas.com/News-Upload/
Cryptocurrency Disclaimer
Investorideas.com news content is not meant to be a solicitation to buy or sell cryptocurrencies and Investorideas.com does not directly sell cryptocurrencies; but acts as a news and research resource for interested investors following the blockchain sector.
Copyright and ownership: Crypto Corner is an Investorideas.com content brand
Crypto Corner: 'Bitcoin' Google Searches Highest Since April, NYSE Chairman Says #Crypto Will Survive, UAE Commits to Two #Blockchain Initiatives
November 29th #CryptoCorner and Podcast sponsored by Crypto payment tech, #Flip @FlipToPay ($NXTD) and Genesis Exchange and Wallet App @GenesisBlockch
Point Roberts, WA and Delta, BC - November 29, 2018 (Investorideas.com Newswire) Investorideas.com, a leader in crypto and blockchain investing news, in partnership with Fit Pay, Inc.'s (subsidiary of NXT-ID (NASDAQ: NXTD) crypto payment tech, Flip and the Genesis Exchange and Wallet App bring you today's edition of the Crypto Corner podcast and commentary on what's driving the cryptocurrency market.
'Bitcoin' Google Searches Highest Since April, NYSE Chairman Says Crypto Will Survive, UAE Commits to Two Blockchain Initiatives and Steemit Lays of 70% of Staff Following Market Crash
Stocks discussed: (NYSE:ICE)
It appears that the recovery seen yesterday is holding for now, as total market capitalization at press time is about $139 billion USD, up two billion from yesterday's Crypto Corner, according to data from CoinMarketCap.
In the wake of this recovery, CoinDesk reports that Google searches for "bitcoin" have reached their highest level since the first week of April this year. The latest search data totals 17 percent of the search volume set from Dec 17-23 when Bitcoin (BTC) was trading at its peak for around $20,000 USD.
CNBC reports that Jeff Sprecher, the chairman of the New York Stock Exchange (NYSE) and CEO of its parent company Intercontinental Exchange (NYSE:ICE), spoke favourably about the fate of cryptocurrencies at the Consensus: Invest conference on Tuesday. Sprecher said that cryptocurrencies are here to stay but did not want to speculate on trading prices.
"Will digital assets survive? The unequivocal answer is yes. As an exchange operator it's not our objective to opine on prices."
The government of the United Arab Emirates (UAE) has committed to two initiatives regarding blockchain and also AI technology, according to a report from Emirates News Agency. At the UAE Annual Meetings in Abu Dhabi, the government announced the launch of the AI and Blockchain Guide initiative, which "aims at providing a standardised definition of Artificial Intelligence and Blockchain on the federal level." Additionally, the meeting saw the announcement of the National Programme for AI and Blockchain Capacity Building, which "aims at providing educational university programmes and scholarships in the field of artificial intelligence and Blockchain, in cooperation with the Ministry of Higher Education."
Blockchain-based social media platform Steemit is laying off more than 70 percent of its staff following the recent market crash, according to a Youtube post by company CEO Ned Scott. Steemit is run off the Steem blockchain and users and content creators are rewarded with the native STEEM token.
Flip™ is the creation of Fit Pay, Inc., a leading provider of cutting edge payment technology and a subsidiary of NXT-ID (<NASDAQ: NXTD). By leveraging the FitPay Payment Platform™, Flip enables cryptocurrency holders to seamlessly exchange their cryptocurrency for US dollars and store that value on a contactless payment device that can be used to make purchases at millions of retail locations. https://www.fliptopay.com/
Genesis Exchange and Wallet App by Genesis Blockchain Technologies (GBT)
@GenesisBlockch
GBT is a powerful cryptocurrency centralized / decentralized exchange which will include a broad range of services and benefits from cryptocurrency and blockchain markets development, while avoiding complications and risks arising from crytocurrency ownership, transfer, and exchange. You can Download the Genesis Exchange and Wallet App at Google Play and on the Apple App Store. Learn more at http://www.mygenesis.io
Talk about the sector with other companies and investors- Join our LinkedIn Group Blockchain and Digital Currency Stocks and ICO's - Latest News and Commentary https://www.linkedin.com/groups/13560073
About Investorideas.com - News that Inspires Big Investing Ideas About Investorideas.com - News that Inspires Big Investing Ideas
Investorideas.com is a recognized news source publishing third party news and press releases plus we create original financial content. Learn about investing in stocks and sector trends from Investorideas.com with our news alerts, articles, podcasts and videos talking about cannabis, crypto, technology including AI and IoT, mining ,sports biotech, water, renewable energy and more. Investorideas.com original branded content includes the daily Crypto Corner and Podcast, Play by Play sports and stock news column, Investor Ideas #Potcasts #Cannabis News and Stocks on the Move podcast and column, Cleantech and Climate Change Podcast and the AI Eye Podcast and column covering developments in AI.
Disclaimer/Disclosure: Investorideas.com is a digital publisher of third party sourced news, articles and equity research as well as creates original content, including video, interviews and articles. Original content created by investorideas is protected by copyright laws other than syndication rights. Our site does not make recommendations for purchases or sale of stocks, services or products. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. All investment involves risk and possible loss of investment. This site is currently compensated for news publication and distribution, social media and marketing, content creation and more. Contact each company directly regarding content and press release questions. Disclosure is posted for each compensated news release, content published /created if required but otherwise the news was not compensated for and was published for the sole interest of our readers and followers. More disclaimer info: http://www.investorideas.com/About/Disclaimer.asp. Disclosure: this newsletter and podcast is sponsored content by featured companies NXt-ID (NASDAQ: NXTD) on behalf of Flip and GBT Technologies . More info: http://www.investorideas.com/About/News/Clientspecifics.asp Learn more about Investor ideas podcast and news publication services and costs https://www.investorideas.com/News-Upload/
Cryptocurrency Disclaimer
Investorideas.com news content is not meant to be a solicitation to buy or sell cryptocurrencies and Investorideas.com does not directly sell cryptocurrencies; but acts as a news and research resource for interested investors following the blockchain sector.
Copyright and ownership: Crypto Corner is an Investorideas.com content brand
Crypto Corner: Market Gains $17 Billion, Coinbase Launches OTC Trading, Huobi Announces Multi-Stablecoin Token, South Korea to Test Blockchain for Voting and Canadian Jeweler Birks to Accept Bitcoin Payments
November 28th #CryptoCorner sponsored by Crypto payment tech, #Flip @FlipToPay ($NXTD) and Genesis Exchange and Wallet App @GenesisBlockch
Point Roberts, WA and Delta, BC - November 28, 2018 (Investorideas.com Newswire) Investorideas.com, a leader in crypto and blockchain investing news, in partnership with Fit Pay, Inc.'s (subsidiary of NXT-ID (NASDAQ: NXTD) crypto payment tech, Flip and the Genesis Exchange and Wallet App bring you today's edition of the Crypto Corner podcast and commentary on what's driving the cryptocurrency market.
Market Gains $17 Billion, Coinbase Launches OTC Trading, Huobi Announces Multi-Stablecoin Token, South Korea to Test Blockchain for Voting and Canadian Jeweler Birks to Accept Bitcoin Payments
Stocks discussed: (NYSE:BGI)
In a pleasing departure from the last couple of weeks or so, the crypto market has experienced a significant surge overnight. Whereas on yesterday's Crypto Corner when total market capitalization clocked in at $120 billion USD, CoinMarketCap indicates that it's sitting at $137 billion at press time. All but four of the top 100 coins listed by market cap are in the green, with many major coins posting double-digit percentage gains. Bitcoin (BTC) is back to trading for over $4000, currently at $4200, with a 24 hour growth of about 13 percent. And XRP, Ether (ETH) and Bitcoin Cash (BCH) have grown 11 percent, 13 percent and 10 percent, respectively.
According to a report from Cheddar, U.S. crypto exchange giant Coinbase has launched OTC trading for its "Prime" customers. Christine Sandler, the head of sales at Coinbase explained the move:
"We launched our OTC business as a complement to our exchange business because we found a lot of institutions were using OTC as an on-ramp for crypto trading. We felt this was a huge benefit to our clients to actually leverage both our exchange and our OTC business."
CCN reports that crypto exchange Huobi has launched a token called HUSD, which supports four major stablecoins: Gemini Dollar, Paxos Standard, USDCoin, and True USD. Users who hold the new HUSD token are able to withdraw any of those four stablecoins at an equal value.
South Korea's National Election Commission (NEC) has announced that it will test a blockchain system for voting in December in a bid to improve transparency and security. The NEC hopes that, if successful, the intended trial will "create the foundation for the introduction of online elections in the future".
"It is of great significance to Birks Group to launch BitPay. As an internationally growing brand, we believe that BitPay will benefit our customers as we look to align ourselves with these innovative capabilities that are on the forefront of technology."
Flip™ is the creation of Fit Pay, Inc., a leading provider of cutting edge payment technology and a subsidiary of NXT-ID (<NASDAQ: NXTD). By leveraging the FitPay Payment Platform™, Flip enables cryptocurrency holders to seamlessly exchange their cryptocurrency for US dollars and store that value on a contactless payment device that can be used to make purchases at millions of retail locations. https://www.fliptopay.com/
Genesis Exchange and Wallet App by Genesis Blockchain Technologies (GBT)
@GenesisBlockch
GBT is a powerful cryptocurrency centralized / decentralized exchange which will include a broad range of services and benefits from cryptocurrency and blockchain markets development, while avoiding complications and risks arising from crytocurrency ownership, transfer, and exchange. You can Download the Genesis Exchange and Wallet App at Google Play and on the Apple App Store. Learn more at http://www.mygenesis.io
Talk about the sector with other companies and investors- Join our LinkedIn Group Blockchain and Digital Currency Stocks and ICO's - Latest News and Commentary https://www.linkedin.com/groups/13560073
About Investorideas.com - News that Inspires Big Investing Ideas About Investorideas.com - News that Inspires Big Investing Ideas
Investorideas.com is a recognized news source publishing third party news and press releases plus we create original financial content. Learn about investing in stocks and sector trends from Investorideas.com with our news alerts, articles, podcasts and videos talking about cannabis, crypto, technology including AI and IoT, mining ,sports biotech, water, renewable energy and more. Investorideas.com original branded content includes the daily Crypto Corner and Podcast, Play by Play sports and stock news column, Investor Ideas #Potcasts #Cannabis News and Stocks on the Move podcast and column, Cleantech and Climate Change Podcast and the AI Eye Podcast and column covering developments in AI.
Disclaimer/Disclosure: Investorideas.com is a digital publisher of third party sourced news, articles and equity research as well as creates original content, including video, interviews and articles. Original content created by investorideas is protected by copyright laws other than syndication rights. Our site does not make recommendations for purchases or sale of stocks, services or products. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. All investment involves risk and possible loss of investment. This site is currently compensated for news publication and distribution, social media and marketing, content creation and more. Contact each company directly regarding content and press release questions. Disclosure is posted for each compensated news release, content published /created if required but otherwise the news was not compensated for and was published for the sole interest of our readers and followers. More disclaimer info: http://www.investorideas.com/About/Disclaimer.asp. Disclosure: this newsletter and podcast is sponsored content by featured companies NXt-ID (NASDAQ: NXTD) on behalf of Flip and GBT Technologies . More info: http://www.investorideas.com/About/News/Clientspecifics.asp Learn more about Investor ideas podcast and news publication services and costs https://www.investorideas.com/News-Upload/
Cryptocurrency Disclaimer
Investorideas.com news content is not meant to be a solicitation to buy or sell cryptocurrencies and Investorideas.com does not directly sell cryptocurrencies; but acts as a news and research resource for interested investors following the blockchain sector.
Copyright and ownership: Crypto Corner is an Investorideas.com content brand
CryptoCorner: Institutional Investors May Be Buying While Prices Are Low, Nasdaq to Move Ahead with #Bitcoin Futures Next Year and #Binance Renames USDT Market to Stablecoin Market
November 27th #CryptoCorner and Podcast sponsored by Crypto payment tech, #Flip @FlipToPay ($NXTD) and Genesis Exchange and Wallet App @GenesisBlockch
Point Roberts, WA and Delta, BC - November 26, 2018 (Investorideas.com Newswire) Investorideas.com, a leader in crypto and blockchain investing news, in partnership with Fit Pay, Inc.'s (subsidiary of NXT-ID (NASDAQ: NXTD) crypto payment tech, Flip and the Genesis Exchange and Wallet App bring you today's edition of the Crypto Corner podcast and commentary on what's driving the cryptocurrency market.
Market Still Searching for a Bottom, Institutional Investors May Be Buying While Prices Are Low, Nasdaq to Move Ahead with Bitcoin Futures Next Year and Binance Renames USDT Market to Stablecoin Market
According to data from CoinMarketCap, total market capitalization is sitting at $120 billion USD, at press time. Once again, most of the top 100 coins listed by market cap are in the red, with Bitcoin (BTC) trading at $3700 USD - just about its lowest in a bit over a year.
Mati Greenspan, Senior Market Analyst at eToro, speculates that institutional investors may be buying while crypto prices are low.
"…there's been a lot of chatter lately about how institutional investors may be using this dip in crypto prices as an opportunity to buy in cheap. Of course, it would be very difficult to prove but this theory really rings true for me.
If Bitcoin was worth $20,000 in December how are so many analysts bearish at $3,700? Especially as there have been no fundamental changes to the landscape in that time.
The question then comes, if large players are accumulating, why are prices dropping?
For experts in the market, it's actually much easier than it might seem to be on the buy side without affecting prices. As I stated before, this is a buyers market."
"In any case, increased volumes over the last two weeks in the bitcoin future on the CBOE and CME exchanges suggest that the futures market on Wall Street are participating in the volatility.
Still, the volumes in the futures contracts are still only a fraction of the market. However, on November 20th they peaked at 87,278 BTC, which is about 8% of the volumes recorded on the crypto exchanges.
All this really tells us is that they're trading more when prices are moving and we've seen that before. Whether they're secretly accumulating through OTC deals and using the futures to hedge remains to be seen."
On the subject of futures, Bloomberg reports that Nasdaq is going forward with plans to list Bitcoin futures, according to "two people familiar with the matter". The sources said that Nasdaq has been working to ensure compliance with the Commodity Futures Trading Commission and that they are aiming to trade in the first quarter of 2019.
Crypto exchange giant Binance has announced a renaming of its Tether (USDT) Market to a combined Stablecoin Market (USDⓈ). This will allow Binance to list more stablecoin trading pairs, which it will announce at a later date.
Flip™ is the creation of Fit Pay, Inc., a leading provider of cutting edge payment technology and a subsidiary of NXT-ID (<NASDAQ: NXTD). By leveraging the FitPay Payment Platform™, Flip enables cryptocurrency holders to seamlessly exchange their cryptocurrency for US dollars and store that value on a contactless payment device that can be used to make purchases at millions of retail locations. https://www.fliptopay.com/
Genesis Exchange and Wallet App by Genesis Blockchain Technologies (GBT)
@GenesisBlockch
GBT is a powerful cryptocurrency centralized / decentralized exchange which will include a broad range of services and benefits from cryptocurrency and blockchain markets development, while avoiding complications and risks arising from crytocurrency ownership, transfer, and exchange. You can Download the Genesis Exchange and Wallet App at Google Play and on the Apple App Store. Learn more at http://www.mygenesis.io
Talk about the sector with other companies and investors- Join our LinkedIn Group Blockchain and Digital Currency Stocks and ICO's - Latest News and Commentary https://www.linkedin.com/groups/13560073
About Investorideas.com - News that Inspires Big Investing Ideas About Investorideas.com - News that Inspires Big Investing Ideas
Investorideas.com is a recognized news source publishing third party news and press releases plus we create original financial content. Learn about investing in stocks and sector trends from Investorideas.com with our news alerts, articles, podcasts and videos talking about cannabis, crypto, technology including AI and IoT, mining ,sports biotech, water, renewable energy and more. Investorideas.com original branded content includes the daily Crypto Corner and Podcast, Play by Play sports and stock news column, Investor Ideas #Potcasts #Cannabis News and Stocks on the Move podcast and column, Cleantech and Climate Change Podcast and the AI Eye Podcast and column covering developments in AI.
Disclaimer/Disclosure: Investorideas.com is a digital publisher of third party sourced news, articles and equity research as well as creates original content, including video, interviews and articles. Original content created by investorideas is protected by copyright laws other than syndication rights. Our site does not make recommendations for purchases or sale of stocks, services or products. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. All investment involves risk and possible loss of investment. This site is currently compensated for news publication and distribution, social media and marketing, content creation and more. Contact each company directly regarding content and press release questions. Disclosure is posted for each compensated news release, content published /created if required but otherwise the news was not compensated for and was published for the sole interest of our readers and followers. More disclaimer info: http://www.investorideas.com/About/Disclaimer.asp. Disclosure: this newsletter and podcast is sponsored content by featured companies NXt-ID (NASDAQ: NXTD) on behalf of Flip and GBT Technologies . More info: http://www.investorideas.com/About/News/Clientspecifics.asp Learn more about Investor ideas podcast and news publication services and costs https://www.investorideas.com/News-Upload/
Cryptocurrency Disclaimer
Investorideas.com news content is not meant to be a solicitation to buy or sell cryptocurrencies and Investorideas.com does not directly sell cryptocurrencies; but acts as a news and research resource for interested investors following the blockchain sector.
Copyright and ownership: Crypto Corner is an Investorideas.com content brand
#AI & #Blockchain Accelerating Each Other's Growth; Gopher Protocol, Inc. (OTCQB: $GOPH), Accenture (NYSE: $ACN)
Point Roberts, WA and Delta, BC - November 27, 2018 (Investorideas.com Newswire) Investorideas.com a global investor news source covering Artificial Intelligence (AI) and blockchain issues a sector snapshot of how the two technologies are synergistically building momentum.
As the Artificial Intelligence and blockchain technology markets independently garner much attention and hype, they are complimenting and accelerating each other's already rapid growth.
An article from Forbes titled: Can AI Bank On Blockchain To Power Science & Medicine's Future Progress?makes the case that as the application and reach of Artificial Intelligence in the healthcare and medicine field grows, it puts excessive demands on current resources. Blockchain technology can make the use of resources more efficient to reduce a potential "ceiling on innovation".
...blockchain or Distributed Ledger Technologies (DLT) are touted and looking to offer a solution with more effective resource-consolidation and dissemination, which can help AI do more by being a reliable source of power to draw from.
The article quotes COO of blockchain and crypto marketing company Savii Digital, Siim Õunap on how crypto was devised in part to address the resource-consolidation problem encountered with AI:
"One of the little-known reasons behind the creation of the Bitcoin protocol was to get enough computing power to solve complex mathematical problems that no one computer could by itself," he said. "As the process went on, it evolved and virtual currency was born. Even though computing power was used for something else, it created an ideal solution to combine hardware efforts to power among other things, AI and IoT. Now, almost a decade since it first started, it can be seen being used widely by many companies and I believe that this is just the beginning."
This point is echoed by Professor Andrew K. Hacker of Harrisburg University, and founder of Thought AI.
"Blockchain technologies hold the promise of adding structure and accountability to AI algorithms and the quality and usefulness of the intelligence they produce," he said.
This is borne out in a report from Accenture (NYSE:ACN) titled: Powered by Blockchain: Realizing AI's Full Potential. The report claims that blockchain is the "perfect partner for AI data", arguing that the former expands the latter's access to data.
The combination of AI and blockchain is fueling the onset of the "Fourth Industrial Revolution "by reinventing economics and information exchange. The potent combination of AI and blockchain is slowly but surely transforming industries and institutions worldwide, including: smart energy, smart buildings, public science, supply chain, smart devices, ID and healthcare.
The relationship between the two rapidly-growing tech fields is shown to be symbiotic in a recent research report from Technavio titled: Global Blockchain Technology Market 2017-2021. The report projects a compound annual growth rate in the global blockchain market of "close to 56%" over the forecast period.
AI provides several features to manage decentralized monetary systems. AI algorithms can be used to predict the value of bitcoins, which can help bitcoin traders manage bitcoin transactions. Moreover, FinTech companies are analyzing the implementation of AI in financial transactions. A growing number of financial businesses are trying to investigate the different implications of machine learning and AI for their businesses. Robotics is also playing a role of consultants and is automating the processes of FinTech solutions by avoiding disruptions. These robots help in reducing the financial transactions, thereby bringing in great transparency, so companies can know the real profitability that is achieved on a day-to-day basis. This will help the customers with easy access to comparative information and will allow investors to be better informed before making decisions about their financial plans.
An example of this is IoT and AI technology developer Gopher Protocol, Inc., (OTCQB:GOPH), whose Avant! AI engine powers Wise Network S.A.'s Enigma Chip. The Enigma Chip is designed to deploy a radio wave based blockchain system, enabling distributed ledger, robust security and real-time and vast data handling for IoT and mobile domains. Douglas Davis, Gopher's Interim CEO, illustrated shared benefits of utilizing AI and blockchain technology:
"We are excited to see implementation of our technology platform into the Blockchain space in partnership with GBT [Genesis Blockchain Technologies] and Wise," he said. "As we have stated before, Gopher is not a crypto currency or blockchain company, but is a supplier of Asset Tracking IoT and Global Mesh Network technology that licensees can use to enhance their blockchain-based offerings. It is impressive to see how the talented folks at GBT and Wise are taking our IoT and AI technologies and implementing them into their Blockchain, creating value and use to the public."
This was foreshadowed at the Blockchain Futurist Conference in San Diego this August when Gopher CTO Danny Rittman, who now also serves as CTO for Wise, spoke about the potential role of AI in the blockchain space.
"We believe our AI system could be utilized in this industry as it can be integrated within each transaction (blockchain) formation resulting in an accurate history and audit trail and increasing integrity," he said. "We also believe the AI system can provide additional cyber security through monitoring in a decentralized fashion. Once integrated into an exchange, we expect that the AI system would be able to manage and supervise all activities along with learning user's exchange patterns."
While it is far from clear how either market will look, even a few years from now, the interpenetration of both AI and blockchain technologies is already observably having considerable impact in the present.
For a list of artificial intelligence stocks on Investorideas.com visit:
About Investorideas.com - News that Inspires Big Investing Ideas
Investorideas.com is a recognized news source publishing third party news and press releases plus we create original financial content. Learn about investing in stocks and sector trends from Investorideas.com with our news alerts , articles , podcasts and videos talking about cannabis, crypto, technology including AI and IoT , mining ,sports biotech, water, renewable energy and more . Investorideas.com original branded content includes the daily Crypto Corner and Podcast, Play by Play sports and stock news column, Investor Ideas #Potcasts#Cannabis News and Stocks on the Move podcast and column, Cleantech and Climate Change Podcast and the AI Eye Podcast and column covering developments in AI.
Disclaimer/Disclosure: Investorideas.com is a digital publisher of third party sourced news, articles and equity research as well as creates original content, including video, interviews and articles. Original content created by investorideas is protected by copyright laws other than syndication rights. Our site does not make recommendations for purchases or sale of stocks, services or products. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. All investment involves risk and possible loss of investment. This site is currently compensated for news publication and distribution, social media and marketing, contents creation and more. Contact each company directly regarding content and press release questions. Disclosure is posted for each compensated news release, content published /created if required but otherwise the news was not compensated for and was published for the sole interest of our readers and followers. Disclosure: Disclosure: GOPH is a PR, social media and publishing client and compensates Investorideas.com - More disclaimer info: https://www.investorideas.com/About/Disclaimer.asp , https://www.investorideas.com/About/News/Clientspecifics.
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