Author: Martin Higgins

Hedge Fund Launches Currency for Open Source AI Network

San Francisco based Numerai is launching a new virtual currency, the first from a hedge fund, which is set to play a key role in perhaps conjuring a new invisible hand. This synergy is expected to emerge, as with Smith’s version, from a multitude of individuals – but this time from collaboration, not competition – driving value for both the individuals and the company.

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The Remaining ‘Ifs and Buts’ About Bitcoin

Reports of Bitcoin’s death have been numerous and “greatly exaggerated” for much of its lifespan. But there remain reasons for skepticism – not least its well-known volatility, as evidenced by the 2017 surge in price and this week’s 20 percent plunge from an all-time high of around $3000. However, Bitcoin is very much alive.

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Pegged Cryptocurrencies and Credibility

The high volatility of exchange value is one barrier to the mass adoption of cryptocurrencies. But for those that have sought to address this with pegged exchange rates, success has been hard to find. Not impossible, though.

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Dubai Drawing the Roadmap to the Blockchain City

Dubai’s pioneering government-backed initiative to implement blockchain technology across the city is now into its third month, and the pilot schemes continue to roll out. The move adds to the city’s reputation as a leading center for business in the Middle East, while also drafting the roadmap for cities across the globe to follow.

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