WatermelonBlock partners with IBM Watson using its supercomputer to let crypto investors know what the market is thinking

WatermelonBlock teams up with IBM to introduce the power of AI to investors through IBM Watson, the computing platform that scans and analyzes big data sets in seconds, providing real-time market insights to cryptotraders

Singapore – July 2018WatermelonBlock, the company that combines big data and AI to create a market sentiment ranking of the top cryptocurrencies and ICOs, is announcing its partnership with IBM. IBM’s Watson AI is a cloud computing platform that scans, categorizes, weights and analyses big data sets in seconds.

For investors, it can be incredibly difficult to dedicate the time and resources to reading large volumes of information to better determine market trends. WatermelonBlock uses its proprietary algorithms to compute a percentage and index score for each network, known as the MelonScore. WatermelonBlock scores cryptocurrencies and ICO investment data using IBM Watson’s AI-platform, providing tangible benefits to users through a simple, user-friendly interface. WatermelonBlock recognizes the influence of opinions in the cryptomarket and uses AI to help investors stay on top of investment information in real-time. In partnering with IBM Watson, WatermelonBlock is able to read and categorize big data sets from the web according to their social influence and reach, thus empowering crypto investment decisions.

“IBM is extremely excited to partner with WatermelonBlock”, explains Boris Manitius, IBM Cloud Leader (Watson, Bluemix). “Through this partnership, WatermelonBlock’s dedicated team of data scientists, will work with IBM industry experts and IBM state of the art equipment to develop, test and monitor a system that will augment WatermelonBlock’s current environment”.    

“I’m pleased to be able to work with one of the most advanced AI engines on the planet, IBM Watson. By combining the power of machine learning with our own computer algorithms, WatermelonBlock transforms the way crypto traders arrive to investment decisions”, says Elliot Rothfield, Co-Founder of WatermelonBlock. “Through this partnership, WatermelonBlock and IBM can provide investors with real-time actionable insights and detailed contextual analysis at the press of a button, making the user experience easy from start to finish.”

About WatermelonBlock:
WatermelonBlock harnesses the power of AI and big data to produce cutting edge sentiment analysis in an intuitive, simple user experience. WatermelonBlock places the importance of information sharing and usability first, making crypto investment simple enough to fit any lifestyle, providing an indication of how the market thinks and feels 24/7.

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Food Standards Agency trials blockchain technology in slaughterhouse

The UK’s Food Standards Agency (FSA) responsible for protecting the public health of the nation has completed a pilot programme using blockchain technology to ensure compliance in cattle slaughterhouses.

The agency has long been interested in blockchain technology due to the value it could potentially add to food industries where a high number of inspections take place to ensure compliance and animal welfare.

Sian Thomas, Head of Information Management, said:

‘Our approach has been to develop data standards with industry that will make theory reality and I’m delighted that we’ve been able to show that blockchain does indeed work in this part of the food industry. I think there are great opportunities now for industry and government to work together to expand and develop this approach.’

During the pilot scheme both the slaughterhouse and the FSA had full permission to data on the blockchain, which improved transparency across the food supply chain.

Further trials are planned for July where farmers can access data from their own form with the goal aimed at replicating the scheme in other plants throughout the UK.

The FSA has said that the industry must lead the blockchain effort as currently the only data being collected is from the inspection results and communication with the agency and the farmers/ slaughterhouse.

The supply chain industry has long been seen as one of the ways in which blockchain technology can thrive due need for transparency of where products are sourced and tracked to the consumers plate.

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IOTA (MIOTA) Ledger support coming soon!

You will soon be able to store IOTA (MIOTA) on the Ledger hardware wallet!

The official IOTA wallet is currently the best option to store MIOTA; however, its usability and functionality have long been questionable at best, with many users frequently experiencing issues when sending, receiving, broadcasting and attaching transactions. In some cases, users have even been unable to retrieve their IOTA.

Navin Ramachandran IOTA
Navin Ramachandran IOTA

However, this is all likely to change very soon. We spoke with IOTA Foundation member Navin Ramachandran, who assures us that with the upcoming Trinity wallet and ledger support the team are confident they are about to deliver the most user friendly, secure wallet on the market.

 


1. Will IOTA support Ledger hardware wallets and, if so, when? Security is becoming paramount for investors due to phishing and exchanges that are unable to secure customers’ funds.

The Ledger team have recently revealed that IOTA support is on the roadmap. There are a team currently working on this and we are working with them to expedite the integration. Concurrently we have committed to supporting this integration, as soon as it is available, in the new Trinity wallet. The Trinity developers are already in contact.

2. How user friendly will the new wallet be? Lots of users are reporting problems with having to re-attach transactions several times.

The new Trinity wallet has been built from the ground up to be user friendly. This was my main aim for the project. We have tested this with over 400 users during alpha testing, and we will soon be moving into beta testing.

At beta we are confident, based on feedback, that it will be one of the best wallets in the crypto realm. But we are also currently working with an excellent designer to tweak the design to minimise user friction and maximise usability.

The challenge is always how this can be achieved in a decentralised manner but still allow for synchronisation between devices. We are working on some novel approaches together with the IOTA core developers, which we hope will bear fruit in the next few months.

3. A number of IOTA users have no confidence in the current wallet; they are stuck in limbo with no safe way to store their cryptocurrency. How are you solving this?

There’s been a lot of confusion around IOTA’s wallet, but it is important to keep in mind that when IOTA pioneered the next generation of distributed ledgers we made it clear that we had no intention of even creating a UI, as the main focus was on IoT. As demand for a GUI increased, we decided to give the community what they wanted, and we are confident that Trinity will deliver.

From Navin’s feedback it seems that the team are confident that the IoT fundamentals are functioning correctly in a tried and tested environment. In turn this allows them to now focus on and allocate more resources to user software/interaction, with the aim of developing confidence in this area.

Development in these areas is in full swing, with the Trinity wallet concentrating on squashing bugs. It is very likely that once the wallet hits beta testing, it will already be an extremely polished product. Given the problems users encounter with the current wallet, it is reassuring to see the IOTA team carrying out extensive testing and taking the community’s feedback very seriously.

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Crypto Highlights 21/04/2018

Coinbase bans WikiLeaks Shop

CoinBase has kicked WikiLeaks Shop from utilising its payment processing service without any real explanation citing that they’ve engaged in prohibited use in violation of its Terms of Service. It seems like PayPal all over again.

Flixxo celebrates +10,000 hours of content

Community based video distribution platform Flixxo has confirmed in a blog post that more than 10,000 hours of content in 15 languages for was committed in June. Most of this content has never been published on YouTube or any online platform.

Read more on Flixxo’s Medium Blog here.

Crypto ban review ordered by The Supreme Court of Russia

Back in 2016 the Vyborgsky District Court of St. Petersburg blocked Bitcoininfo.ru stating the information present on the website undermines Russia’s legal currency. The Supreme Court of Russia has now ordered the court to review the decision, it has already declined to review previously.

Read more at Bitcoin.com.

Robinhood exchange expands to Colorado

Zero-commission cryptocurrency exchange RobinHood expands services to Colorado.

Read more on CCN.

Crypto Trade Group Pressures SEC to Exempt Ethereum From Security Classification

An alliance of lawyers, venture capitalists, and entrepreneurs have recently met with the US SEC to petition for the creation of cryptocurrency “safe harbors” for specific cryptocurrencies and tokens, including Ethereum.

Read more at CryptoSlate.

Taiwan will roll our crypto regulations

According to Taiwan’s Central News Agency the Taiwanese Minister of Justice, Chiu Tai-san, has said the country will roll out regulations for cryptocurrencies to prevent them being used for money laundering, these upcoming changes are rumoured to be targeted at exchanges.

Read more at CoinTelegraph.

EU Parliament Votes for Tighter Crypto AML Regulations

Members of the European Parliament decided to vote in favour of tighter crypto AML regulations. These anti-money laundering reforms will include closer regulation for cryptocurrencies. 574 members voted in favour of this, with only 13 votes against and 60 abstentions, according to an EUP press release.

Read more at Russia Today.

Macau Monetary Authority Issues Warning On Crypto Following Criminal Ties To ICO

In a report by the South China Morning Post, the Monetary Authority of Macau has issued a warning to the public regarding fraudulent activities based around the use of cryptocurrencies.

Read more at South China Morning Post.

Amazon Web Services Releases Blockchain Frameworks For Ethereum And Hyperledger Fabric

Amazon cloud platform service has recently introduced its Blockchain framework for Ethereum (ETH) and Hyperledger Fabric allowing users to build and manage their own Blockchain-powered decentralized applications (DApps).

Emirates NBD bank goes live with cheque blockchain project

Emirates NBD, Dubai’s biggest bank, has become the first to successfully go live at scale with “Cheque Chain”, a blockchain technology project that aims to cut cheque-related fraud.

Read more at Arabian Business.

Thieves use bear spray to rob BTC ATM

Texas police have released CCTV footage of two males who robbed a Bitcoin ATM using capsaicin bear spray to disable the store clerk.

Watch the robbery on Youtube.

Deloitte proves Iconomi’s solvency

Deloitte has verified Iconomis solvency consisting of $133.6M of liabilities and $210.2M of reserves, distributed across 80 digital assets.

Read Iconomi’s Medium Blog here.

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Crypto Highlights 19/04/2018

Kraken CEO we will not answer NYC AG’s enquiry

Jesse Powell, the CEO of cryptocurrency exchange Kraken, has made it clear the firm does not plan to answer the New York Attorney General’s inquiry into cryptocurrency exchanges.

Powell added “Why don’t you try extracting this information from those businesses actually operating in your state?”

Read more on CoinDesk.

Chinese police smash ‘Pyramid-Scheme’

An investigation by the Public Security Bureau Economic Investigation Detachment in China’s Xi’an district cracked a cryptocurrency pyramid scheme wide open, the team behind Da Tang Coin (DTC) allegedly defrauded investors of $13 million dollars selling he useless coin for $0.50. They made wild claims of guaranteed profits and hired a western chairman to appear more like a “high-tech multinational corporation” said police.

Read more on HSW.

Brazil investment firm to open OTC exchange

Bitcoin’s booming in Brazil according to local media, the countries biggest investment firm XP Investimentos is planning to open an over-the counter (OTC) cryptocurrency exchange.

Read more at Finder.

Riot Blockchain received SEX subpoena

Earlier this week Riot Blockchain received a subpoena from the SEC seeking “certain information from the company”. This comes as no surprise as Riot have long raised many red flags with worried investors citing canceled board meetings at the last minute, with insiders dumping right after the firm changed their name from Bioptix.

Read more at CNBC.

Pound backed currency would not be popular

Research has revealed 60% of British people surveyed would not support a Bank of England-backed cryptocurrency linked to the pound.

Read more at the Daily Express.

Crypto hacks rely on human error

A report carried out by security firm Proofpoint has found that human error is the biggest factor in crypto attacks being successful from fake domains to dodgy plugins they all rely on the user making a mistake.

Read more at Cryptovest.

Huobi to open London office

Singapore-based crypto exchange Huobi has announced plans to set up shop in London as it seeks to continue its expansion outside of Asia.

Read more at NEWSBTC.

Reserve Bank of India orders the shut down crypto

India’s central bank has started a crack down on the trading and purchase of cryptocurrencies in India, announced at there bi-monthly monetary policy press conference. The order gives institutions currently working with cryptocurrencies three months, this has not gone unchallenged by many exchanges and businesses operating in india who are starting joint legal proceedings.

Read more at Forbes.

Amazon might build crypto snooping tool

Amazon has filed and won a patent described as a “streaming data marketplace” which will allow authorities such as the police and government agencies to match cryptocurrency addresses to actual users based on multiple data points from 3rd party sources. This data could come from an exchange for example where a user would supply their identity documents, ip address, bank account information which could tie you to addresses used to fund and withdraw assets. Spooky, eh!

Read more at Motherboard Vice.

Dow jones Media Group partners with Brave Browser

Through partnering with web browser Brave, Dow Jones Media Group will test ways to distribute content and advertising as part of a promotion that offers readers free subscription-based content. The firm owns MarketWatch, Barron’s and Financial News. Brave Browser used BAT tokens which incentivises users to engage with the ads by paying them the currency.

Read more at Tech Crunch.

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Bank Negara Malaysia issues warning against fake cryptocurrency certificate

The Central Bank of Malaysia has issued a warning to the public after a bogus university certificate sporting official stamps was found to be in circulation.

The certificate, which “certifies” that the holder has been awarded a degree as a “Certified Crypto Asset Consultant”, is stamped with both the Central Bank of Malaysia and University of Malaya logos, in what appears to be an attempt at fooling interested businesses or employers seeking an expert in such services.

“BNM does not recognise these certificate holders who use such documentation in offering consultation services. Members of the public are advised to verify the validity of any certification programme before registering” said the Central Bank of Malaysia earlier in the week.

The bank has insisted that members of the public who have been presented with such certificates should verify the authenticity before entering into a relationship.

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Cardano (ADA) Ledger support coming soon!

Cardano (ADA) will support Ledger Nano s hardware wallets in the future

Open-source crypto wallet Daedalus is currently the safest and only supported option for thousands of Cardano users who are looking to store their ADA cryptocurrency. However, it’s been riddled with teething problems over the last couple of months. But, the good news is that Ledger support is coming in the near future.

Users seem to have no initial problems when setting up the Daedalus wallet, creating a seed or downloading the blockchain, but are later locked out of accessing the wallet when they restart the software due to the screen freezing and displaying the sprint message, “Connecting to network…”

Daedalus wallet

Users have tried a plethora of potential fixes, from completely uninstalling the wallet to tinkering with firewall settings and everything in between, with no success in sight.

On the March 7th, 2018, Daedalus released version 0.9.0 and Cardano 1.1.0 but, for many, this does not seem to have not provided any solution.

We spoke to the team behind Cardano regarding the wallet problems that we have witnessed, to see if a more successful solution would be coming soon. We are pleased to say that it’s good news all round, as we can announce that users will be able to store ADA on their Ledger hardware wallets in Q3 2018.

CS: Lots of users are reporting problems with syncing the Daedalus wallet, this seems to be a common problem in the community?

The latest Cardano SL release 1.1 is designed to address syncing problems experienced recently by some users. This update was released by IOHK on the 7th March, and they are now monitoring the performance of the Daedalus wallet to assess if further action is required.

CS: When will users be able to store Cardano on their Ledger Wallets, will this be pushed in 2018?

Stage one of the Ledger integration project is complete. This means that we now have a functioning Ledger app, but this still needs to be fully tested. Stage two of this project requires IOHK to develop an interface and test it. At present this work is scheduled to be completed by Q3 2018. This will provide Cardano holders with the highest level of security by allowing users to store Ada offline.

Hardware wallet support for cryptocurrencies once seemed like an overzealous way to store digital assets, but it’s now become the de facto method due to exchanges being regularly hacked, phishing attempts and all sorts of weird and well thought out hacking methods which are used to steal your assets.

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‘North Korea may have up to $210m worth of Bitcoin’ – International expert

North Korea is renowned for many, many things, but until now, cryptocurrency investment wasn’t one of them.

However, that might be all about to change as an international expert has said that the country has made an absolute mint from Bitcoin recently.

Former US National Security Agency officer, Priscilla Moriuchi, told reporters that the politically isolated country took in more than $200 million in digital cryptocurrency transactions in 2017.

Ms Moriuchi, made this claim during an in-depth interview with Radio Free Asia. She also discussed the subject with Vox.com, where she stated that she has reason to believe that these coins are being liquidated and the resulting cash is being used to support North Korea’s military.

She said: “I would bet that these coins are being turned into something – currency or physical goods – that are supporting North Korea’s nuclear and ballistic missile programme.”

She estimated that the regime took in 11,000 Bitcoins in 2017, which would have been worth around $210 million at the currency’s peak value.

This revelation comes after unconfirmed reports of a state-sponsored hacking regime, which is focusing on cryprocurrencies.

According to a report of the incident on the Daily Telegraph, North Korea’s government continuously deny any criminal doings but the evidence points towards genuine activity from Pyongyang.

The report read: “Pyongyang consistently denies all hacking allegations. However, cyber security experts and defectors have claimed that promising students are handpicked from prestigious universities to join Bureau 121, the hermit kingdom’s shadowy cyberwarfare agency.”

Many believe North Korea is attracted to cryptocurrency because of its lack of traceability and loose regulations.

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Bitwala to relaunch as a crypto-first bank… Sign-up now

“Change is good” is a sentiment that Bitwala is definitely getting behind, as they have announced their intentions to re-launch as a crypto-first bank.

The award winning firm is now allowing potential customers to sign-up to a waiting list for their new offering, with the first accounts expected to open in the middle of this year.

Their move comes in the wake of high demand for crypto-friendly banking – which many believe there is currently a deficit in. Bitwala, who had to suspend their regular services in January due to regulation changes, intend to fill this gap in the market.

Bitwala were unable to reveal which bank they’ve partnered with but stated that its an “established German bank”.

Users will have full control of their private keys and thus will not be the holdings of Bitwala or the partner bank, this means the 100,000 Euro protection scheme will not cover cryptocurrencies but Euro deposits only.

Bitwala stated that users will be able to make transfers in and out of their account via SEPA transfer, making the selling and purchasing more flexible. Most of the established cryptocurrency exchanges are partnered with banks in Poland who are also on the SEPA network opening a quicker transfer time.

We asked Bitwala if they were anticipating any problems with users transferring funds in and out of the account, which is a common problem with banks blocking users from purchasing cryptocurrency.

“The foundation that we’ve built with our partner bank is very solid and based on German banking law, so we don’t expect any problems. This is not to say that we will not comply with the rules. Our partner bank and we are working very closely with regulators to ensure that all KYC and AML measures are in place.”

Co-founder and CEO of Bitwala, Jörg von Minckwitz said:

“Our founding vision has always been to bridge the gap between traditional and crypto economies. We believe that traditional banking was and has always been the weak link of the whole process, and we are looking forward to build an account that will tackle these very weaknesses.”

All new accounts that they open will come with a German IBAN and will be regulated by The Federal Financial Supervisory Authority of Germany (Bundesanstalt für Finanzdienstleistungsaufsicht).

Up until January Bitwala was a digital payment processing system that worked using blockchain technology. It made a name for itself through simplifying complicated processes and making them more accessible to as many individuals and companies as possible.

We have no doubt that von Minckwitz will hope to keep these values in place as they move to the next stage of their development in the crypto economy.

Users will only be able to sell and buy Bitcoin at present but more cryptocurrencies are planned for the future.

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AI Startup Neuromation.io Sells 60M NTK In Just 8 Hours

Neuromation continues to establish itself as a global AI on blockchain industry leader by exceeding all expectations

Tallinn, January , 2018 – Neuromation, an award-winning distributed computing and synthetic data platform for deep learning applications, has sold out of its issued Neurotokens (NTK) after just 8 hours of public sale.

The public sale along with the preliminary sales period resulted in 60 million Neurotokens sold for a total of 50 million USD at the time of the final sale. The contributions were collected in Etherium, Bitcoin, and other major altcoins. Participants from 89 countries registered on the platform during this period, highlighting Neuromation’s global reach.

The issued Neurotokens will be used by companies on Neuromation AI marketplace platform for settlement between contracted parties.

“Thanks to Neuromation’s global reach we’re closer than ever to implementing our vision of democratization of AI industry.” said Maxim Prasolov, Neuromation’s Chief Executive. “Granting Let’s Enhance with computing power was our first step toward this goal and our next will be donating 10% of token sale proceeds as grants toward AI start-ups and neural network researchers”.

In addition to giving back to the AI community as a whole, Neuromation will use funds raised to build its platform which will quickly become the chosen destination for AI services for the cost conscious organizations including small and medium enterprises.

The platform’s first version is slated to be available at the end of first quarter 2018.

About Neuromation: Neuromation is a tech company headquartered in Tallinn, Estonia. Its Neuromation platform is designed for the AI ecosystem and offers a much-needed solution to the industry by uniting market resources, the scientific community, and related parties in an all-in-one, user-friendly marketplace. For more information visit https://neuromation.io/.

Interview requests : Daria Posrednikov, daria@neuromation.io

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