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Bitcoin. Benefits of Cryptocurrency

September 20, 2017 jazz 0

Cryptocurrencies are something everybody is talking about as a new and revolutionary way of conducting financial operations. With Bitcoin leading the cryptocurrency market, cryptocurrencies are considered to be the future of the world’s financial market and the first independent and completely transparent currencies in the world. Bitcoin was the first ever currency that was invented […]<br />The post Bitcoin. Benefits of Cryptocurrency appeared first on The Bitcoin News – Leading Bitcoin and Crypto News since 2012.

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Ethereum Price Technical Analysis – ETH/USD Broke Key Support?

September 20, 2017 BitNewz.net 0

Key Highlights ETH price was not able to move above the $298 level against the US Dollar and traded lower. Yesterday’s highlighted contracting triangle pattern with support at $282 on the hourly chart of ETH/USD (data feed via SimpleFX) was breached. If the recent downside break is real, the price might trade towards the $268-270 … Continue reading Ethereum Price Technical Analysis – ETH/USD Broke Key Support?

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Ethereum Price Technical Analysis – ETH/USD Broke Key Support?

September 20, 2017 Aayush Jindal 0

Key Highlights ETH price was not able to move above the $298 level against the US Dollar and traded lower. Yesterday’s highlighted contracting triangle pattern with support at $282 on the hourly chart of ETH/USD (data feed via SimpleFX) was breached. If the recent downside break is real, the price might trade towards the $268-270 … Continue reading Ethereum Price Technical Analysis – ETH/USD Broke Key Support?

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The Future Of Artificial Intelligence (According To Pop Culture)

September 20, 2017 Tyler Durden 0

The unpredictable nature of super-intelligent, self-improving machines lends itself quite nicely to the dramatic storylines of movies and books.

It’s a science fiction writer’s dream – as Visual Capitalist’s Jeff Desjardins warns: if AI becomes smart enough to create more advanced versions of itself, pretty much every outcome is on the table. Machines could empower humanity to become enlightened and virtuous. On the less optimistic side? Machines could instead ruthlessly enslave all of humankind to tickle their own warped sense of satisfaction.

POP CULTURE PERSPECTIVES

From the plot of movies like The Terminator to The Matrix, pop culture offers up innumerable examples of what could happen from the rise of the machines – and most of them, as you can imagine, steer towards the less optimistic side of the spectrum.

Today’s infographic from BBC Future provides an entertaining take on these scenarios, organized by potential likelihood.

Courtesy of: Visual Capitalist

Some experts see AI having a $15.7 trillion impact on our economy, but pop culture offers up a slightly different perspective of what the future may hold.

FUTURE AI SCENARIOS

Here are just some of the scenarios offered up in mainstream movies, books, and television shows. Some are apocalyptic and dystopian, and some seem just plain bizarre:

Seductive Siris: In 2013’s Her, Joaquin Phoenix falls in love with an intelligent operating system named Samantha.

 

Self-Replicating AI: In 1995’s Screamers, scientists create a self-replicating weapon with one purpose: to destroy all life.

 

The Singularity: AI vies to take over the world in 1982’s classic Tron.

 

Rampaging Robots: In 1973’s Westworld, recently re-envisioned as a different TV series by HBO, murderous androids go on a killing spree in a futuristic Disney-style theme park.

 

Feeling Machines: In the 1999 movie Bicentennial Man, a household robot experiences emotions, creative thoughts, and eventually develops sentience.

 

Androids Among Us: Artificial beings infiltrate society undetected in TV series Battlestar Galactica.

 

Human Enslavement: In the 1999 movie The Matrix, all life on Earth is an elaborate facade. The robots are really the ones in command, but you wouldn’t know it until you take the “red pill”.

 

Mind Upload: Digitized humans gain immortality and then wreak havoc, such as in 2014’s Transcendence.

ONE CERTAINTY

While some of these ideas seem far-fetched, it’s worth noting that not all future scenarios are as distant as they may seem.

With computing power increasing exponentially, the tail end of the hockey stick could happen sooner than we may think.

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Uncertainty Dominates as China Continues to Clamp Down on Cryptocurrencies

September 20, 2017 jody 0

China is clamping down on cryptocurrency, that much is clear. But while the developing story dominates headlines, a notable trend is the lack of official information. Chinese officials seem to systematically decline requests for comments, local sources are willing to provide information on condition of anonymity only, while leaked documents remain unverified.Despite this lack of clarity, here’s what’s known so far.Effects on TradingThe most important thing we know for sure is that Chinese bitcoin exchanges will be closing down, or at least exiting China. BTCC — the oldest bitcoin exchange in the world — was the first exchange to announce they’d be closing shop within the Asian country, by the end of this month. The exchange cited guidelines published by the Chinese central bank (the People’s Bank of China; PBOC), which initially appeared to only affect ICOs, as its reason for closing down. Other exchanges quickly followed BTCC’s lead. ViaBTC and Yunbi both announced that they’d be ceasing operations by the end of this month. Huobi and OKCoin, the two other major Chinese exchanges, announced they would be shutting down too, though not until the end of October. And BitKan, a big over-the-counter (OTC) trading service rather than an order-book exchange, announced it would be shutting down as well.While the cited guidelines initially did not seem to concern bitcoin, it is likely that Chinese officials have made it clear through separate channels that they do apply to the cryptocurrency. Bloomberg (among others) reports that exchange operators decided to close down after in-person meetings with PBOC officials, and the Wall Street Journal reports — based on anonymous sources — that the PBOC has prepared a set of “draft instructions” that would ban cryptocurrency trading altogether. These draft instructions have also been leaked (translation) but have so far not been verified for authenticity.The content of the leaked documents is also consistent with warnings issued by a Chinese quasi-regulatory body — the National Internet Finance Association of China (NIFA) — regarding cryptocurrency trading, published shortly before exchanges announced that they would be shutting down. According to the NIFA, Bitcoin exchanges lack “legal basis” to operate in the country. Additionally, NIFA official Li Lihui told a technology conference in Shanghai on Friday that a goal of China’s monetary regulation is to ensure that “the source and destination of every piece of money can be tracked.”The Status of BitcoinAs far as official statements go, Bitcoin itself is not banned in China. Owning, using, and — most importantly — mining bitcoin should technically not be affected by the published guidelines.However, more unverified reports (translation) consistent with reporting from the Wall Street Journal, claim that Bitcoin itself will be blocked by the so-called “great firewall of China.” Specifically, seed addresses, which help to bootstrap any new Bitcoin node, and Bitcoin blocks, necessary to construct the blockchain, would be filtered from internet traffic into China, using deep packet inspection. Additionally, major foreign Bitcoin exchanges like Coinbase, Bitfinex and LocalBitcoins would be added to the list of banned domains, which already includes sites like Google and Facebook. And even private trading of cryptocurrency arranged through chat-apps like Telegram and WeChat, for example, could fall under scrutiny, according to the Wall Street Journal.This much stricter stance on Bitcoin, beyond just exchanges but also concerning Bitcoin itself, seem consistent with comments from PBOC Counselor Sheng Songcheng, as reported by local news sources like Shanghai Securities News. Songcheng was quoted to have said that Bitcoin poses a challenge to China, mentioning money laundering and its potential to curb the nation’s economic policy.Furthermore, very recent reports indicate that cryptocurrency exchange operators are currently not allowed to leave Beijing. Local news outlet BJ News writes:“[According to] a number of informed sources, the current special currency trading platform executives and so on are not allowed to leave Beijing, [in order] to cooperate with the investigation. In accordance with regulatory requirements, the trading platform shareholders, the actual controller, executives, financial executives [must] fully cooperate with the relevant work in the clean-up period in Beijing.” (Rough translation.)What This Means…Trading bitcoin via dedicated exchange platforms in China is off the table for now — that is clear.But it’s not yet clear how successful a full Chinese Bitcoin blockade could be. It would technically only require a single Bitcoin block of a maximum of four megabytes to make it into China about once every 10 minutes, potentially even through satellite, for the entire country to be able to access the blockchain. As such, banning individual Chinese citizens from owning and using bitcoin might prove difficult, even if exchange platforms close down.Perhaps an even more important question is what will happen to Bitcoin mining: It’s likely that most of Bitcoin’s hash power is currently situated in the Asian country. While miners should able to connect to the rest of the world, according to ViaBTC CEO Haipo Yang, it’s unclear if this connection will be allowed for much longer. If Chinese authorities indeed intend to ban Bitcoin from the country entirely, Bitcoin mining operations — both mining pools and hash power data centers — will be easy targets to shut down.On the other hand, this is not the first time that fears of China “banning Bitcoin” have been raised. In the past, such concerns have simply been a prelude to stricter regulations by local authorities. It has been suggested by Bitmain CEO Jihan Wu, perhaps a bit optimistically, that exchanges will simply require a new license to continue operation. Similarly, it’s been speculated that the PBOC may introduce a national digital currency as a sort of gateway to cryptocurrency: This would allow the central bank to better track the flow of funds in and out of bitcoin in order to counter money laundering and capital flight. Then again, it could make more sense to introduce such a national digital currency as a substitute for Bitcoin, once Bitcoin is effectively banned, as suggested by ZeroHedge.For now, uncertainty prevails.The post Uncertainty Dominates as China Continues to Clamp Down on Cryptocurrencies appeared first on Bitcoin Magazine.

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Paul Craig Roberts Exhorts “Whatever Happened To America?”

September 20, 2017 Tyler Durden 0

Authored by Paul Craig Roberts,
Dear Friends and Supporters, this is my quarterly call for your financial support. There is no one who will write for you more frankly and truthfully than I do. This article is long. Read it. Twice, three times. You will…

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Delegation from Hamas arrives in Moscow

September 20, 2017 Middle East Monitor 0

The Islamic Resistance Movement (Hamas) said Tuesday that a leading delegation headed by Moussa Abu Marzouk arrived to Moscow to discuss “the latest political developments in the Palestinian arena.” “A Hamas delegation led by Moussa Abu Marzouk and other leaders arrived to Moscow,” the movement pronounced in a statement. “The delegation will hold several meetings with Russian officials, and the visit comes in the context of further strengthening relations between the movement and Russia,” the movement added.   Hamas movement said that during the visit, “the developments of the Palestinian issue, the latest records of national reconciliation, and the expected Russian role in the Palestinian cause will be discussed.” Hossam Badran, a leader in the movement, had earlier revealed details […]

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Egypt to receive third $500m portion of AfDB loan

September 20, 2017 Middle East Monitor 0

Egypt will receive a payment of $500 million as the third and final tranche of the African Development Bank (AfDB)’s 3-year $1.5 billion loan, AfDB’s Resident Representative for Egypt, Leila Mokaddem, announced today. Speaking at the Euromoney Conference which was held in Egypt’s capital if Cairo, Mokaddem said that the bank is planning to send a high-level mission to Cairo early next month to discuss the disbursement of the loan. AfDB is currently financing various multi-sectoral projects in Egypt, including electricity, energy, agriculture, irrigation, transport, and airports sectors. The African Development Bank is affiliated to the African Development Bank Group, which is the first institution to finance developmental projects in Africa. The group affiliates also include the African Development Fund (AFD) […]

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Tunisia: Left-wing opposition coalition warns of “Constitutional Coup”

September 20, 2017 Middle East Monitor 0

A coalition of the Popular Front opposition parties in Tunisia on Tuesday warned of “serious” attempts to “overthrow the constitution” and “change the political system” in the country. “There are real and serious attempts in Tunisia to overthrow the constitution and change the political system by the ruling coalition, which would lead to the loss of democratic gains,” coalition spokesman Hamma Hammami said in a news conference today. “The political parties and the Independent High Authority for Elections (ISIE) have to present a clear agenda and real commitments to hold municipal elections on their new date (March 25),” Hammami said. On Monday, the head of Tunisia’s electoral commission, Anwar Ben Hassan, officially announced that the municipal elections, originally scheduled for […]

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Crude Oil Prices Range-Bounded at 7-Week High; FOMC Awaited

September 20, 2017 Oil N' Gold 0

Crude oil continued to consolidate around the highest levels in 7 weeks. The inventory build probably weighed on prices, sending both benchmarks lower at close. Traders were also cautiously awaiting the FOMC meeting and the OPEC/non-OPEC meeting due Fr…

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