Tuesday, June 11, 2019

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Meet One of the Fathers of AI

Yoshua Bengio's pioneering working in deep learning kick started the AI revolution that has impacted every industry in recent years.

Market Watch / Visa B2B Connect / Behind The Scenes / Bitcoin Core Contributor

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1. Market Watch: Litecoin is the only asset in the top 10 with a positive change over the past 24 hours. Bitcoin is creeping up on $8k and the majority of the market is down today with no clear stimuli or reason why.

  • Bitcoin: $7,909.47 (⬇️ 0.70%) // $140.4 billion market cap.
  • Ethereum: $244.22 (⬇️ 0.39%) // $25.9 billion market cap.
  • XRP: $0.39 (⬇️0.88%) // $16.6 billion market cap.
  • Litecoin: $136.55 (⬆️ 10.90%) // $8.4 billion market cap.
  • Top 100 Winner: Golem: $0.10 (⬆️ 9.20%) // $98 million market cap.
  • Top 100 Loser: Maximine Coin: $0.05 (⬇️ 16.35%) // $90 million market cap.

Prices are as of 4:05 EST.

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2. Visa launched Visa B2B Connect a cross-border payment solution built partially on distributed ledger technology. Visa B2B Connect was created to help financial institutions process global payments at a faster and lower operational cost than current solutions. Launched in over 30 trade channels worldwide, Visa B2B expects to expand to over 90 markets by the end of 2019. Visa utilized Hyperledger, the blockchain solution developed by the Linux Foundation, to utilize the ability to transfer more information with a payment than existing systems. - REUTERS

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3. Behind The Scenes: Fritz Charles is the Director of Growth and Analytics at TokenTax. He also hosts the crypto podcast, Coingamma

Inside: What made you devote your professional life to cryptocurrency?

I'm just incredibly optimistic about the potential it has to impact the underserved in the world. I grew up in neighborhoods that were underserved by traditional financial institutions and I see the impact that cryptocurrency can have there, particularly when it comes to remittances.

Inside: What is Token Tax and what makes it special?

TokenTax is an accounting tool for crypto investors. We make it easy for crypto investors to calculate their taxes. We are unique because we support crypto investors across the globe and our product isn't only built by engineers, but also accountants, making it an easy to use self-service solution.

Inside: Outside of Token Tax, what is your favorite cryptocurrency company/project and why?

For better or for worse, the main usage of cryptocurrency is for trading, so the most important companies are exchanges. Of those, Binance is the most impressive. From their rapid 2017 growth to how they handled a recent hack, I think the company's transparent leadership is a net positive for the crypto space.

Inside: What is the hardest part of working in crypto? The most rewarding?

The hardest part is the fact that the entire sector is still highly correlated with the price of Bitcoin. It's still very difficult to get mass interest in anything you are working on when Bitcoin prices are depressed, which no one person or team can control. The most rewarding is the people you get to interact with. The crypto space is filled with some of the smartest and most eccentric folks I have ever come across.

Inside: What do you make of this latest cryptocurrency bull market?

I think the optimism driven by Blockchain week in NYC started the run and its maintained ever since, although the market is now trading sideways.

Inside: Is the price of Bitcoin higher or lower on Jan.1, 2020 than it is today?

Higher.

Inside: What coins do you own?

Right now, I own BTC, ETH, and BNB.

Behind The Scenes: Fritz Charles
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4. Michael Ford a long-time Bitcoin Core contributor has been named as the newest maintainer. Ford will join the four other current Bitcoin Core maintainers that include Wladimir van Der Laan, Jonas Schnelli, Marco Falke, and Samuel Dobson. As an open source project Bitcoin is reliant on distributed developers to fix system bugs and add new features. On the Bitcoin github, Ford said, "I'll gain merge access and will continue with all triage/repo management work. I'll be focusing primarily on build system development with some guidance from [Cory Fields]."  - CRYPTO NEWSZ

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5. Global trading volume in stablecoins rose from $12.5 billion in 2017 to $82 billion in 2018. - WALL STREET JOURNAL

6. Coinbase Earn announced support for the Dai stablecoin. - COIN DESK

7. Hanno Basse, former CTO at 20th Century Fox Films, joined decentralized media company Live Planet as its president. - MEDIA PLAY NEWS

8. Nebula Genomics signed an agreement with the biopharma business of Merck to allow access to genomic data on Nebula's blockchain. - FORBES

9. Ripple is opening an office in Brazil and plans a Latin America expansion. - THE BLOCK CRYPTO

10. Gram Asia an early Telegram token investor will liquidate some of its TON tokens on liquid. - ETH NEWS

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