Business

Chinese Insurance Giant Ping An Partners With Decentralized AI Startup SingularityNET

[ad_1] Chinese insurance giant Ping An has partnered with Ethereum (ETH)-based decentralized artificial intelligence (AI) startup SingularityNET. The latter company announced the collaboration in a press release published on Medium on March 14.Per the release, the collaboration will at first focus on Optical Character Recognition (OCR), Computer Vision (CV) and model training. SingularityNET notes that the scope of the partnership is expected to expand to multiple industries and initiatives in
BLOCKCHAIN

Blockchain Will Be Most of the Economy in 10-20 Years

[ad_1] Ethereum (ETH) co-founder Joseph Lubin said that he expects the global economy will be 10 times larger in 10 to 20 years, when blockchain is fully ramified, and blockchain will be involved in most of it. Lubin made the statement at the SXSW conference in Austin on March 14.During the same keynote, Lubin also pointed out that just as nowadays there aren’t many “normal” people using blockchain-based systems, “there
Business

Bitcoin Breaks $4,000 as Top Cryptos See Growth

[ad_1] Saturday, March 16 — nearly all of the top 20 cryptocurrencies are reporting slight to noteworthy gains on the day by press time. Bitcoin (BTC) has broken the $4,000 mark, according to CoinMarketCap data.Market visualization from Coin360At press time, Bitcoin is up over two percent on the day, trading at around $4,035, according to CoinMarketCap. Looking at its weekly chart, the current price is nearly two percent higher than
Business

Riot Blockchain Plans Launch of Regulated Cryptocurrency Exchange in the US

[ad_1] Publicly traded United States-based company Riot Blockchain has filed with the Securities and Exchanges Commission (SEC) to launch a new regulated cryptocurrency exchange called RiotX in the U.S. by the end of Q2 2019. The regulator published the documents on March 14.The company declares in the filing that its subsidiary, RiotX Holdings Inc, would operate the new exchange. Furthermore, the exchange’s banking services would be handled by an Application
BLOCKCHAIN

SEC’s Senior Advisor for Digital Assets Valerie Szczepanik: Stablecoins May Be Securities

[ad_1] Senior advisor for digital assets at the United States Securities and Exchanges Commission (SEC) Valerie Szczepanik reportedly noted that stablecoins could experience issues under current securities laws. Blockchain-related news website Decrypt reported her comments on March 16.Szczepanik, also known as the Crypto Czar, was appointed to the new position of associate director of the Division of Corporation Finance and senior advisor for Digital Assets and Innovation for Division Director