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If any of these 3 crypto firms collapse, a “tsunami” will ensue: analyst

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Bitcoin and other cryptocurrencies may be predicated on decentralization, but the industry still has entities and assets that are of systemic importance.

According to an ex-Messari executive and analyst in the space, there are three companies that, “if something catastrophic happened to them today, would cause a tsunami in crypto markets.”

These companies aren’t exchanges but three firms that act as the ‘Wall Street’ and ‘Federal Reserve’ of the crypto industry, so to say.

This is a breakdown of each company/service, their importance, and the potential impact on the market if “something catastrophic” were to happen.

Silvergate: The biggest crypto bank

Due to the nascency of crypto and blockchain, many Wall Street banks are hesitant to serve companies, especially if they actively deal with Bitcoin.

Enter Silvergate, a publicly-listed bank that is focused on being “as innovative as the entrepreneurs” they serve. The company has existed since 1988 but has largely pivoted to offering financial services to the digital currency industry

Silvergate clients include Bitstamp, Paxos, BlockTower Capital, Polychain Capital, amongst hundreds of others.

Notably, Silvergate may be becoming less important to this space as time goes on.

The systemic risk in Silvergate’s theoretical collapse is that a majority of the most recognizable crypto firms (exchanges, blockchain foundations, etc.) may be unable to operate with banking services, especially when it may be hard to get services through other banks.

JPMorgan was revealed last month to be offering banking services to Coinbase and Gemini. This could mark the start of the end of the tacit “crypto ban” enforced by Wall Street banks:

Galaxy Digital’s Michael Novogratz noted:

“The JPM announcement that they will provide banking services to Coinbase and Gemini is…recognition that the future will include crypto currencies, digital assets, and blockchain based systems.”

Tether: The reserve currency of the crypto market

Each financial market has a reserve currency. In most cases, like with American equities and commodities, that reserve currency is the U.S. dollar.

Funnily enough, it’s somewhat of the same for the crypto market. That’s to say, Bitcoin is becoming increasingly less like the reserve currency of all cryptocurrencies.

Due to it being widely adopted by exchanges and service providers, Tether’s USDT has quickly become a reserve currency for the market.

Data suggests that Bitcoin has $16 billion in volume in the past 24 hours while USDT touts $18 billion in daily volume — a small difference, sure, but one that becomes more pronounced on other days.

Even in terms of on-chain volumes, blockchain analytics firms have come out with reports indicating that there is now more value transacted through stablecoins (mainly USDT) than through Ethereum.

USDT’s importance is derived from the crypto asset being pegged to the U.S. dollar by reserves. Because it’s “stable,” it is used by traders and institutions in the space that value that stability.

When you want to “cash-out” of Bitcoin, Ethereum, or altcoins but want to easily be able to buy back in, you buy USDT or another stablecoin. If one wants to benefit from the speed, borderless, and digital nature of blockchain transactions but avoid volatility, stablecoins are a good bet.

Over recent months, USDT has begun to wield even more influence, with its market cap now nearing $10 billion.

No one really knows what would happen if Tether, but USDT disappearing would mean the loss of the most important asset in crypto.

Genesis: The foremost cryptocurrency loan provider

Finally, Genesis. Genesis is an institutional digital currency lender, which also offers over-the-counter trading services through an affiliated company.

By offering crypto loans, the company serves market-makers, speculators/traders, and firms that need money to expand or need capital for other uses.

The company’s client list isn’t known yet as of the end of Q1, it reported $6 billion in originations, making it the ostensible leader in its market segment.

Its theoretical collapse would decrease the availability of capital to the aforementioned groups of firms.

This Analysis was brought to you by OKCoin, our preferred Exchange Partner.

Posted In: Analysis

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Source: https://cryptoslate.com/if-any-of-these-3-crypto-firms-collapse-a-tsunami-will-ensue-analyst/

Blockchain

Miten tekoälyä käytetään videopeleissä ja mitä tulevaisuudessa on odotettavissa

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Tekoäly on ollut olennainen osa videopelejä niiden perustamisesta lähtien 1950-luvulla. Videopelien tekoäly on erillinen osa-alue ja eroaa akateemisesta tekoälystä. Se auttaa parantamaan pelin pelaajakokemusta koneoppimisen tai päätöksenteon sijaan. Tekoälyä käytetään videopeleissä monin eri tavoin, ja se on nähtävissä myös monissa casino-peleissä. Millaista videopelien tekoäly on ja miten se on vuosien saatossa muuttanut videopelien maailmaa? Mitä se tuo tulevaisuudessa peleihin?

Äärellinen automaatti

Äärellinen automaatti (finite state machine) on matemaattinen malli, jossa järjestelmällä tietty on määrä eri tiloja, jossa sen on mahdollista olla. Järjestelmä voi olla vain yhdessä tilassa kerrallaan. Nykyisestä tilasta voidaan siirtyä seuraavaan tilaan vasta kun nykyisen tilan ehto on suoritettu. Yksinkertainen esimerkki äärellisestä automaatista on lukko. 

Lukon tilat ovat suljettu ja auki. Mahdollisia siirtymiä ovat lukon avaaminen ja lukon sulkeminen. Lukko voi olla kerrallaan vain yhdessä tilassa, auki tai suljettu, ja samaa siirtymää ei voi suorittaa kahta kertaa peräkkäin, eli lukkoa ei voi aukaista uudestaan ennen lukon sulkemista.

Käytöspuu

Käytöspuu (behavior tree) on äärellisen automaatin tapaan matemaattinen malli, joka mallintaa siirtymiä äärellisen tehtäväjoukon välillä. Käytöspuiden vahvuuksia äärellisiin automaatteihin nähden on niiden modulaarisuus: pienien osien avulla voidaan toteuttaa monimutkaisia kokonaisuuksia. 

Käytöspuiden suurin ero äärellisiin automaatteihin nähden on se, että käytöspuut koostuvat ennemmin toimintamalleistakuin tiloista. Käytös-puiden suosioon on myös vaikuttanut niiden helppo suunniteltavuus, testaus ja virheiden korjaus.

Minimax -algoritmi

Minimax-algoritmi (minimax algorithm) on algoritmi, jota käytetään kahden pelaajan vuoropohjaisissa peleissä, kuten shakissa ja ristinollassa. Algoritmi rakentaa puun pelin mahdollisista siirroista. Siirrot vuorotellevat omien ja vastustajan siirtojen välillä. Laskentaa jatketaan tiettyyn pisteeseen saakka. Puussa olevat solmut kuvaavat mahdollisia siirtoja. Siirrot on pisteytetty ennalta määrättyjen sääntöjen perusteella, suurempi pistemäärä tarkoittaa parempaa siirtoa. Algoritmi pyrkii valitsemaan itselleen parhaiten pisteytetyn siirron.

Monte Carlo -puuhaku

Monte Carlo -puuhaku (Monte Carlo tree search) on algoritmiyhden ja kahden pelaajan peleihin. Monte Carlo -puuhaku perustuu Monte Carlo -simulaatioon (Monte Carlo simulation), jonka avulla pyritään satunnaiseen peliavaruuden tutkimiseen suorittamalla useita simulaatioita, joissa jokaisessa peli pelataan loppuun yleensä satunnaisin siirroin. Simuloitujenpelien perusteella pyritään päättelemään, minkä siirron kautta olisi todennäköisintä päätyä voittoon.

Menetelmät eroavat toisistaan mutta niistä näkyy hyvin selkeästi, millaisissa peleissä niitä voidaan käyttää. Tekoälyn avulla pelit ovat mielenkiintoisempia ja peleihin saadaan mukaan sellaisia toimintoja ja tapahtumia, jotka pitävät pelaajan jännitystä yllä koko pelin ajan.

Tekoäly tulevaisuuden videopeleissä

Tulevaisuudessa videopeleissä käytettävä tekoäly siirtyy luultavasti kohti koneoppimista ja neuroverkkoja. Näitä menetelmiä on jo kokeiltu joissain peleissä kuten Star Craftissa ja shakissa. Koneoppiminen (engl. machine learning, ML) on tärkeä tekoälyn haara, jota hyödyntävä ohjelma tai ohjelmisto pystyy kokoelmalla erilaisia algoritmeja oppimaan itsenäisesti mukautumalla muutoksiin ja päätymään haluttuun lopputulokseen luodun opetteludatanpohjalta, jossa tiedetään syöte eli alkutila ja haluttu lopputulos. Siten tätä dataa käyttämällä luodaan algoritmi, joka päätyy samaan lopputulokseen kaikilla samankaltaisilla syötteillä. Koneoppiminen on tällä hetkellä videopeleissä vasta kokeilemisen tasolla, mutta se näyttää olevan se menetelmä, jonka käyttöä kaikkein suurimmalla todennäköisyydellä tullaan tutkimaan ja lisäämään.

Pelit ja pelaajat kehittyvät ja se pitää yllä videopelien suosiota. Pelaajat haluavat koko ajan uudenlaisia ja parempia pelejä ja pelitalot pyrkivät niitä tarjoamaan. Tekoälyn käyttö osana pelejä antaa pelisuunnittelijoille keinoja luoda pelejä, joissa vaaditaan myös pelaajalta älyä pelin loppuun suorittamiseen.

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Blockchain

DOGE Co-founder Reveals the Reasons Behind its Price Rise

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Billy Markus, who created Dogecoin back in 2013 with Jackson Palmer has taken to Twitter (where he dwells as “Shibetoshi Nakamoto”) to share his take on the recent Dogecoin rally.

According to him, the Dogecoin market is hugely driven by emotion and sentiment. The price of DOGE in the market is moved by people’s decisions, made for their own personal reasons.

What is Moving the Price of Dogecoin in the Market? Co-founder Answered

Billy Markus developed the meme-coin DOGE back in 2013 as an imitation of Bitcoin back. The Dogecoin that was changing hands as low as $0.0026 last month is now sitting at $0.61. According to the statistics, DOGE is the fourth digital asset of the market. 

In his recent interviews with Bloomberg the founder and CEO of Galaxy Digital, Mike Novogratz, stated that,

“Dogecoin may be favored by millennials and generation Z since buying it is similar to showing the middle finger to the system. This is reminiscent of the craze over Gamestop shares.”

However, he cautioned against Dogecoin, stating that 

“There are no development upgrades for this coin, nor is there any money from financial institutions going into it.”

DOGE Wave Take Further Rise This Year

DOGE has always been seen as Elon Musk’s favorite. A significant price surge can be seen due to Elon Musk Tweets.  

The “DOGE influencer” was the first one to call it the “people’s currency,” then promised to put “literal DOGE on the literal Moon” via SpaceX. 

From the latest, Musk is preparing to make an appearance on “Saturday Night Live,” i.e. Today this weekend.

According to reporter Kate Rooney

“The newest DOGE investors particularly see Musk’s tweets as the main price pumper of the meme-coin. DOGE is making its way into online gambling markets as people are making bets about what Musk will talk about on SNL and whether it will be his favorite Shiba-Inu cryptocurrency.”

READ  Elon Musk Admits Bitcoin Cash Offers Much Lower Fees than Bitcoin

#DOGE co-founder Billy Markus #Dogecoin (DOGE) #Elon Musk DOGE support

Coinsmart. Beste Bitcoin-Börse in Europa
Source: https://www.cryptoknowmics.com/news/doge-co-founder-reveals-the-reasons-behind-its-price-rise

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JOSÉ FONTE AND EDER BECOME THE FIRST FOOTBALLERS IN THE WORLD TO LAUNCH NFTs

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EURO 2016 champions have produced unique and authentic digital art pieces
to be auctioned online starting today
Lisbon, 7 May 2021 – European champions and Portuguese Internationals José Fonte
and Éder are the first two footballers worldwide to launch their own Non-Fungible
Tokens (NFTs), creating unique and authentic digital art pieces that will be auctioned
online. The two NFTs were made in partnership with Jedi3 and part of the revenues
raised through the auction will revert to social and community support. The creations
will be auctioned on the well-known platform of NFTs, OpenSea, starting today and
can be found here:
https://opensea.io/collection/eder-lopes-2016-european-champion
https://opensea.io/collection/jose-fonte-2016-european-champion
The creative concept of both pieces was developed by the athletes themselves together with
the project Jedi3. Fonte focused his illustration on his career path and all the obstacles he
had to overcome in order to become an international player and win EURO 2016. Eder’s
piece is a digital creation of the boot he used to score the winning goal for Portugal in the
final of the European Championship against France.
In this first launch, there will be:
● 10 limited digital editions of Éder’s right boot that scored the Euro final goal, in a
digital 3D version;
● 10 limited digital editions of an illustration that represents the path followed by José
Fonte until the title in the Euro;
● Furthermore, a “masterpiece” of Éder’s boot that will give the right to the digital item
plus the real boot he used to score the winning goal in the final.

The auction started today on the Open Sea platform and will last for a week and all
transactions will be made in Ethereum cryptocurrency. Fonte and Eder follow in the footsteps
of NFL and NBA players who have already participated in the creation of NFTs.
José Fonte talked about the launch: “Everybody follows what is going on in the US with
NFTs, and I’ve been following it too for the last few months. Some of my favourite people are
exploring this new world, this new connection with the fans. I tried to explore this connection
with the fans, to give them something that is new and authentic. This creation means a lot to
me, because the story of it is about my career, about what I’ve been through in my life. It’s
about resilience, showing determination and never giving up and showing that anything is
possible with hard work. I’m excited. I want the fans to be open minded. First of all, it’s for a
good cause as well. Part of the money will go into some foundations and institutions that we
want to help. We want to give something back to the
people, which is really important to us.”
Eder showed all his enthusiasm about this project: “It’s a fantastic world. It’s been booming
in the US because of the NFTs that have been created in the NBA. José Fonte and I expect
to be the first football players to launch an NFT in the world. An NFT is unique, has value for
the person that creates it, it’s art and I think that has a lot of value for the fans. We’ve
participated in a big victory at the Euros and I know our fans will be amazed by a creation
like this. My creation means a lot to me and to Portugal. It’s the boot that scored the winning
goal at the final and it’s really important to me. It’s something that the football fans will
appreciate. Another important reason is helping an institution that we will give part of the
funds to. It’s something important to do and a big step.”
Part of the profits from the auction of each of the pieces will revert to charities and
community institutions. Éder will benefit PAJE – platform of support to young former foster
children, association of which he is godfather and partner. Regarding José Fonte, the focus
will be the community of Penafiel, where he was born, by donating funds to the local
Firefighters corporation, where his grandfather was the 2nd Commander, to the ERPI –
Estrutura Residencial para Idosos de Penafiel, and the APADIMP – Associação de Pais e
Amigos dos Diminuídos Mentais de Penafiel. The Lille central defender will also donate
funds to support football in Portugal to institutions yet to be defined.
For João Matos Cruz, from Jedi3, “this project is born from the fusion of diverse interests of
a group of friends: football, blockchain and digital art. In a context where the technology of
distributed registration allows to protect, authenticate and promote, for example, artists’
work, or relevant moments, we felt it was time to give visibility, in the digital world, to two
iconic figures in the history of Portuguese football: Éder Lopes and José Fonte. In the first
case, through the boot with which he scored the goal of the Euro 2016 final, as a
masterpiece of a moment of collective transcendence. In the case of José Fonte, illustrating
his path that was also one of overcoming, of constant struggle against adversity, until the
final consecration as European champion.”
What are NFTs?
A non-fungible token (NFT) is a type of cryptographic token on a blockchain, which
represents a unique asset. They can be fully digital assets or tokenized versions of
real-world assets. As NFTs are not interchangeable with each other, they can act as proof of
authenticity and ownership in the digital realm.
There are numerous success stories of sportsmen or sports-related individuals who have
launched their own NFTs in recent months in the US. The mythical quarterback Tom Brady
will even launch a platform for the creation and sale of NFTs called “Autograph” where he
promises to bring together several well-known names from the music, fashion and
entertainment industries. Those who have already launched their own NFT’s include Patrick
Mahomes, the 2020 NFL champion and Zion Williamson, one of the NBA’s most promising
stars.
The value of an NFT derives from the story that is told, what gave rise to the NFT and who
actually issued it. It is a certificate of authenticity per se, identified by a unique,
non-falsifiable “contract address”.
The technology used for this purpose, blockchain, thus allows a direct and decentralised
interaction between athletes and their digital admirers / followers. In this case, these players
become stars, also, in the digital world, directly launching tokens, whose artistic and
authentic character, guarantees their buyers a unique collector’s item.

Continue Reading

Blockchain

JOSÉ FONTE AND EDER BECOME THE FIRST FOOTBALLERS IN THE WORLD TO LAUNCH NFTs

Avatar

Published

on

EURO 2016 champions have produced unique and authentic digital art pieces
to be auctioned online starting today
Lisbon, 7 May 2021 – European champions and Portuguese Internationals José Fonte
and Éder are the first two footballers worldwide to launch their own Non-Fungible
Tokens (NFTs), creating unique and authentic digital art pieces that will be auctioned
online. The two NFTs were made in partnership with Jedi3 and part of the revenues
raised through the auction will revert to social and community support. The creations
will be auctioned on the well-known platform of NFTs, OpenSea, starting today and
can be found here:
https://opensea.io/collection/eder-lopes-2016-european-champion
https://opensea.io/collection/jose-fonte-2016-european-champion
The creative concept of both pieces was developed by the athletes themselves together with
the project Jedi3. Fonte focused his illustration on his career path and all the obstacles he
had to overcome in order to become an international player and win EURO 2016. Eder’s
piece is a digital creation of the boot he used to score the winning goal for Portugal in the
final of the European Championship against France.
In this first launch, there will be:
● 10 limited digital editions of Éder’s right boot that scored the Euro final goal, in a
digital 3D version;
● 10 limited digital editions of an illustration that represents the path followed by José
Fonte until the title in the Euro;
● Furthermore, a “masterpiece” of Éder’s boot that will give the right to the digital item
plus the real boot he used to score the winning goal in the final.

The auction started today on the Open Sea platform and will last for a week and all
transactions will be made in Ethereum cryptocurrency. Fonte and Eder follow in the footsteps
of NFL and NBA players who have already participated in the creation of NFTs.
José Fonte talked about the launch: “Everybody follows what is going on in the US with
NFTs, and I’ve been following it too for the last few months. Some of my favourite people are
exploring this new world, this new connection with the fans. I tried to explore this connection
with the fans, to give them something that is new and authentic. This creation means a lot to
me, because the story of it is about my career, about what I’ve been through in my life. It’s
about resilience, showing determination and never giving up and showing that anything is
possible with hard work. I’m excited. I want the fans to be open minded. First of all, it’s for a
good cause as well. Part of the money will go into some foundations and institutions that we
want to help. We want to give something back to the
people, which is really important to us.”
Eder showed all his enthusiasm about this project: “It’s a fantastic world. It’s been booming
in the US because of the NFTs that have been created in the NBA. José Fonte and I expect
to be the first football players to launch an NFT in the world. An NFT is unique, has value for
the person that creates it, it’s art and I think that has a lot of value for the fans. We’ve
participated in a big victory at the Euros and I know our fans will be amazed by a creation
like this. My creation means a lot to me and to Portugal. It’s the boot that scored the winning
goal at the final and it’s really important to me. It’s something that the football fans will
appreciate. Another important reason is helping an institution that we will give part of the
funds to. It’s something important to do and a big step.”
Part of the profits from the auction of each of the pieces will revert to charities and
community institutions. Éder will benefit PAJE – platform of support to young former foster
children, association of which he is godfather and partner. Regarding José Fonte, the focus
will be the community of Penafiel, where he was born, by donating funds to the local
Firefighters corporation, where his grandfather was the 2nd Commander, to the ERPI –
Estrutura Residencial para Idosos de Penafiel, and the APADIMP – Associação de Pais e
Amigos dos Diminuídos Mentais de Penafiel. The Lille central defender will also donate
funds to support football in Portugal to institutions yet to be defined.
For João Matos Cruz, from Jedi3, “this project is born from the fusion of diverse interests of
a group of friends: football, blockchain and digital art. In a context where the technology of
distributed registration allows to protect, authenticate and promote, for example, artists’
work, or relevant moments, we felt it was time to give visibility, in the digital world, to two
iconic figures in the history of Portuguese football: Éder Lopes and José Fonte. In the first
case, through the boot with which he scored the goal of the Euro 2016 final, as a
masterpiece of a moment of collective transcendence. In the case of José Fonte, illustrating
his path that was also one of overcoming, of constant struggle against adversity, until the
final consecration as European champion.”
What are NFTs?
A non-fungible token (NFT) is a type of cryptographic token on a blockchain, which
represents a unique asset. They can be fully digital assets or tokenized versions of
real-world assets. As NFTs are not interchangeable with each other, they can act as proof of
authenticity and ownership in the digital realm.
There are numerous success stories of sportsmen or sports-related individuals who have
launched their own NFTs in recent months in the US. The mythical quarterback Tom Brady
will even launch a platform for the creation and sale of NFTs called “Autograph” where he
promises to bring together several well-known names from the music, fashion and
entertainment industries. Those who have already launched their own NFT’s include Patrick
Mahomes, the 2020 NFL champion and Zion Williamson, one of the NBA’s most promising
stars.
The value of an NFT derives from the story that is told, what gave rise to the NFT and who
actually issued it. It is a certificate of authenticity per se, identified by a unique,
non-falsifiable “contract address”.
The technology used for this purpose, blockchain, thus allows a direct and decentralised
interaction between athletes and their digital admirers / followers. In this case, these players
become stars, also, in the digital world, directly launching tokens, whose artistic and
authentic character, guarantees their buyers a unique collector’s item.

Continue Reading
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