Page 20«..10..19202122..3040..»

Dataiku Named to the 2021 CB Insights AI 100 List of Most Innovative Artificial Intelligence Startups – Business Wire

NEW YORK--(BUSINESS WIRE)--CB Insights today named Dataiku, the world's most advanced Enterprise AI platform, to the fifth annual AI 100 ranking, showcasing the 100 most promising private artificial intelligence companies in the world.

This is the fifth year CB Insights has recognized the most promising private artificial intelligence companies with the AI 100, and this is one of the most global groups we've ever seen. This year's cohort spans 18 industries, and is working on everything from climate risk to accelerating drug R&D, said CB Insights CEO Anand Sanwal. Last year's AI 100 companies had a remarkable run after being named to the list, with more than 50% going on to raise additional financing (totaling $5.2B), including 16 $100 million+ mega-rounds. Many also went on to exit via M&A, SPAC or IPO. As industry after industry adopts AI, we expect this years class will see similar levels of interest from investors, acquirers and customers."

Were honored to be included on this exceptional list of companies solving some of the worlds greatest challenges through AI, said Florian Douetteau, CEO of Dataiku. Its exciting recognition for our team, which since Dataiku was founded in 2013 has succeeded in creating a best-in-class data science and machine learning platform that democratizes AI within the enterprise.

Through an evidence-based approach, the CB Insights research team selected the AI 100 from a pool of over 6,000 companies based on several factors including patent activity, investor quality, news sentiment analysis, proprietary Mosaic scores, market potential, partnerships, competitive landscape, team strength, and tech novelty. The Mosaic Score, based on CB Insights algorithm, measures the overall health and growth potential of private companies to help predict a companys momentum.

Dataiku supports the AI strategies of more than 400 companies worldwide, enabling organizations across pharmaceuticals, healthcare, financial services, transportation, the public sector, manufacturing, retail, and more to massively scale their AI efforts. Dataiku employs more than 600 people worldwide between offices in New York, Paris, London, Munich, Sydney, and Singapore, and plans to hire another 300 employees in 2021. Its roots are in France, its headquarters is in New York, and its culture is a dynamic melting pot of all of its international influences.

Quick facts on the 2021 AI 100:

About CB Insights

CB Insights builds software that enables the world's best companies to discover, understand and make technology decisions with confidence. By marrying data, expert insights and work management tools, clients manage their end-to-end technology making process on CB Insights. To learn more, please visit http://www.cbinsights.com.

About Dataiku

Dataiku is one of the worlds leading AI and machine learning platforms, supporting agility in organizations data efforts via collaborative, elastic, and responsible AI, all at enterprise scale. Hundreds of companies use Dataiku to underpin their essential business operations and ensure they stay relevant in a changing world, including models driving fraud detection, customer churn prevention, predictive maintenance, supply chain optimization, and much more. Dataiku is built for companies looking to democratize AI across their organization, bringing agility and preparedness to the business through the use of data by everyone from analysts to data scientists.

See the original post:
Dataiku Named to the 2021 CB Insights AI 100 List of Most Innovative Artificial Intelligence Startups - Business Wire

Read More..

Luxventure Promoted Liu Zie, an Expert in Blockchain, Artificial Intelligence and Internet of Things, as its Chief Technology Officer – PRNewswire

SHISHI,China, April 5, 2021 /PRNewswire/ --KBS Fashion Group Limited ("KBS" or the "Company") (NASDAQ:KBSF), a leading fully-integrated casual menswear company inChina and the operator of Luxventure, a social media platform, announced today the promotion of Liu Zie to the position of Chief Technology Officer of Luxventure.

With over 20 years of experience, Mr. Liu Zie is a leading expert in the China information technology sector. Mr. Liu's expertise lies in Blockchain, Artificial Intelligence and Internet of Things. He was the former CTO of ZOL, a leading on-line technology/E-commerce portal, and managed a 400 member development team. Mr. Liu is a graduate of Yanshan University.

Ms. Sun Lei, Chief Executive Officer of the Company, commented: "I congratulate Liu Zie on this promotion. During his short time with Luxventure, he played an instrumental role in the development of our apps and internal management software solutions. As Chief Technology Officer, his role will be to focus on further using his experience and knowledge, especially in Blockchain, to better serve our users."

Mr. Liu Zie commented: "I am honored for this promotion. One of the key reasons for joining Luxventure is the vision of its CEO and its focus on cutting edge technology. I am happy for the opportunity to bring my expertise in Blockchain, Artificial Intelligence and Internet of Things to the company. Blockchain is the future and I look forward to using my expertise in this area to further implement the company's Blockchain strategy and exploring related opportunities, such as Non-fungible Tokens (NFT)."

About KBS Fashion Group Limited

Headquartered in Shishi,China, KBS Fashion Group Limited, through its subsidiaries, is engaged in the business of i) designing, manufacturing, selling and distributing its own casual menswear brand, KBS, through a network of 30KBS branded stores (as ofDec 31, 2019)and over a number of multi-brand stores. KBS Fashion Group is the operator of Luxventure, a social media platform. To learn more about the Company, please visit its corporate website atwww.kbsfashion.com.

Safe Harbor Statement

This press release may contain certain "forward-looking statements" relating to the business of KBS Fashion Group Limited, and its subsidiary companies. All statements, other than statements of historical fact included herein, are "forward-looking statements" in nature within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements, often identified by the use of forward-looking terminology such as "believes," "expects" or similar expressions, involve known and unknown risks and uncertainties. Although the Company believes that the expectations reflected in these forward-looking statements are reasonable, they do involve assumptions, risks and uncertainties, and these expectations may prove to be incorrect. Investors should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. The Company's actual results could differ materially from those anticipated in these forward-looking statements as a result of a variety of factors, including those discussed in the Company's periodic reports that are filed with the Securities and Exchange Commission and available on its website (http://www.sec.gov). All forward-looking statements attributable to the Company or persons acting on its behalf are expressly qualified in their entirety by these factors. Other than as required under the securities laws, the Company does not assume a duty to update these forward-looking statements.

SOURCE KBS Fashion Group Limited

http://www.kbsfashion.com

Read more:
Luxventure Promoted Liu Zie, an Expert in Blockchain, Artificial Intelligence and Internet of Things, as its Chief Technology Officer - PRNewswire

Read More..

Shine some light in black box of algorithms used by government – CalMatters

In summary

AB 13 would set criteria to minimize unfair, biased or discriminatory decisions by artificial intelligence systems used by government.

Assemblymember Ed Chau, a Democrat from Monterey Park, represents Assembly District 49, Assemblymember.Chau@assembly.ca.gov. Chau introduced Assembly Bill 13 and is chair of the Assembly Committee on Privacy and Consumer Protection.

Debra Gore-Mann is president and CEO of The Greenlining Institute, debra.goremann@greenlining.org. The Greenlining Institute is sponsoring Assembly Bill 13.

You cant see algorithms, but they can impact huge parts of your life, from seemingly minor things like what video YouTube will queue up next to life-and-death issues such as whether or not you can get a COVID-19 vaccination. Its time we all had a better idea how algorithms impact us, particularly when the government is using them.

An algorithm is simply a set of rules and instructions used by a computer program to perform a task or solve a problem. While algorithms themselves are coldly mathematical, they are created by humans who, like all of us, can have blind spots, biases or preconceptions. And that can lead to algorithms that make bad decisions or even perpetuate racial and gender bias.

These algorithms feed into an artificial intelligence framework where machine learning makes decisions and predictions from data about people decisions previously made by people. According to PwC research, artificial intelligence could contribute $15.7 trillion to the global economy by 2030.

The Greenlining Institute recently released an analysis of the problem, titled Algorithmic Bias Explained: How Automated Decision-Making Becomes Automated Discrimination, which included some startling findings. The report reviews a number of incidents that have made it into the media in which algorithms perpetuated discrimination based on race, gender or income and those reports represent just the tip of the iceberg, because most algorithms operate in the background, unseen and unknown by those whose lives they impact.

Some of the most disturbing reports have involved government programs, including an Arkansas Medicaid algorithm that wrongly cut off medical and nursing home benefits to hundreds of people. Another, used in Detroit, perpetuated old, discriminatory patterns of redlining by channeling community development funding away from the very neighborhoods that needed it most literally a case of algorithmic redlining.

In February, the New York Times reported serious issues with an algorithm the federal government uses to manage COVID-19 vaccine allocations: The Tiberius algorithm calculates state vaccine allotments based on data from the American Community Survey, a household poll from the United States Census Bureau that may undercount certain populations like undocumented immigrants or tribal communities at risk for the virus.

Equally concerning, the New York Times quoted researchers and health officials who are frustrated at how little they know about how the Tiberius algorithm decides how many vaccine doses to send where, describing it as a black box.

When government makes decisions that affect our daily lives, our communities and potentially even our very survival, those decisions should not be made in a black box.

Thats why weve worked to develop legislation that will begin to bring transparency to the use of algorithms by government agencies in our state. If passed, Assembly Bill 13 would set forth criteria for the procurement of high-risk automated decision systems by government entities in order to minimize the risk of adverse and discriminatory impacts resulting from their design and application. The bill is scheduled to be heard in the Assembly Committee on Privacy and Consumer Protection on April 8.

Specifically, the bill would require a prospective contractor to submit an Automated Decision System Impact Assessment to evaluate the privacy and security risks to personal information and risks that may result in inaccurate, unfair, biased or discriminatory decisions impacting individuals. It would also require the contracting entity to produce an accountability report, after awarding the contract, which includes a detailed mitigation plan for identifying and minimizing the potential for any disparate impacts, and would make both the assessment and report available to the public.

At their best, algorithms can do a tremendous amount of good. They have the potential to make decision-making faster, fairer and more data-driven. But weve ignored their dark side for too long.

Its time to shine some light in that black box. Lets make sure that when government uses algorithms to make decisions on everything from health care to public benefits, we know whats happening and that the process is accurate and fair.

_____

Assemblymember Ed Chau has also written about facial recognition regulation and about stopping hateful acts against Asian Americans.

Debra Gore-Mann has also written about California regaining its power to regulate internet service providers.

Here is the original post:
Shine some light in black box of algorithms used by government - CalMatters

Read More..

Researchers From the University of Toronto and LG AI Research Develop Explainable Artificial Intelligence (AI) Algorithm – MarkTechPost

A team of researchers from the University of Toronto and LG AI Research have developed an explainable artificial intelligence (XAI) algorithm. The algorithm can help identify and eliminate defects in display screens.

The algorithm outperformed comparable approaches on industry benchmarks and was developed through an ongoing AI research collaboration between LG and the University of Toronto.

According to the researchers, the XAI algorithm could be applied in other fields, primarily those which require details into how machine learning makes its decisions, including data interpretation from medical scans.

Kostas Plataniotis, a professor at the Edward S. Rogers Sr. department of electrical and computer engineering, believes that explainability and interpretability are about meeting the quality standards we set for ourselves as engineers and are demanded by the end-user.

The research team also included recent the University of Toronto Engineering graduate Mahesh Sudhakar and masters candidate Sam Sattarzadeh and researchers led by Jongseong Jang at LG AI Research Canadas global research-and-development arm.

XAI is an emerging field addressing problems with the black box approach of machine learning strategies. In a black-box model, a computer may be given a set of training data in the form of millions of labeled images. The algorithm learns to relate certain features of the input with specific outputs by analyzing the data. It can then correctly attach labels to images it has never seen before.

The machine decides itself which aspects of the image to pay attention to and which to ignore. Thus, its designers never know exactly how it arrives at a result. Therefore, a black-box model presents challenges when its applied to areas such as health care.

XAI is thus designed to be a glass box approach that makes the decision-making process transparent. Traditional Algorithms and XAI algorithms are run simultaneously to examine the validity and the level of their learning performance. The method also provides opportunities to carry out debugging and find training efficiencies.

There are two methods to develop an XAI algorithm. The first, called back-propagation, relies on the underlying AI architecture to quickly calculate how the networks prediction corresponds to its input. The second method, known as Perturbation, sacrifices some speed for accuracy. It involves changing data inputs and tracking the corresponding outputs to determine the necessary compensation.

The teams resulting XAI algorithm SISE (Semantic Input Sampling for Explanation) is detailed in a research paper introduced at the 35th AAAI Conference on Artificial Intelligence.

Source:https://techxplore.com/news/2021-04-artificial-intelligence-algorithm.html

Paper: https://arxiv.org/pdf/2010.00672.pdf

Suggested

Read more:
Researchers From the University of Toronto and LG AI Research Develop Explainable Artificial Intelligence (AI) Algorithm - MarkTechPost

Read More..

How To Mine Cryptocurrency: Beginner’s Guide To Crypto Mining

With cryptocurrencies entering the mainstream with a bang, more and more people every single day develop an interest in this new and strange world of blockchain. A lot of these people come to cryptos because they had heard that its possible to make money from them. If youre one of those people, youre in luck, because today I want to tell you how to mine cryptocurrency.

Well start by covering the term itself - well talk about what is cryptocurrency mining and why people bother mining cryptocurrency in the first place. Then Ill tell you about the different ways you can mine cryptocurrency - their pros, their cons and so on.

Lastly, well talk about some of the more popular coins when it comes to crypto mining as well as the most secure wallets (such as Ledger Nano S, Coinbase and Trezor Model T) where you can keep your coins, and include the most reliable crypto exchange platforms (Coinbase and Binance) where you can trade the coins you mine to other cryptocurrencies.

To put it into very simple terms, crypto mining is a process in which a machine performs certain tasks to obtain a little bit of cryptocurrency. This is the biggest TL;DR possible, so lets branch out a bit, shall we?

Verified Staff Pick

This Coinbase Holiday Deal is special - you can now earn up to $132 by learning about crypto. You can both gain knowledge & earn money with Coinbase!

Expiration date: 11/04/2021

3,928 People Used

Only 31 Left

This Coinbase Holiday Deal is special - you can now earn up to $132 by learning about crypto. You can both gain knowledge & earn money with Coinbase!

Expiration date: 11/04/2021

3,928 People Used

Only 31 Left

Imagine that you have a machine that mines crypto coins. Well talk about the specific types of machines later on in the tutorial, but for examples sake, lets just say that its your own, personal computer and youre trying to figure out how to mine cryptocurrency.

Your PC would perform specific tasks that are required to be able to obtain even the slightest amounts of cryptocurrency. These tasks are called Proof of Work, and they are designed to create a fair playing field for all the different miners out there.

The tasks themselves are math equations. The more miners want to mine one, a specific mining pool - the tougher the equations become. This brings balance to the pool, but it also motivates bigger and stronger machinery usage.

Many more subtle factors come into play while the mining process is happening, but the general idea is that if your device contributes to the mining, youll get a share of the spoils.

That is a very short and simple way of defining what is cryptocurrency mining. Now lets move on to what you came here to see - how to mine cryptocurrency.

There are a few ways you could go about cryptocurrency mining. Ill cover the main ones here, and start from the easiest one - cloud mining.

If youre looking for crypto mining ways, cloud mining is probably the most popular way to mine cryptocurrencies without having to lift a finger.

Cloud mining is a process where you pay someone (most often its a big corporation) a specific amount of money and rent out their mining machine called a rig, and the process of mining itself.

This rent lasts for an agreed-upon period, through which all of the earnings that the rig makes (minus the electricity and maintenance costs) are transferred to your cryptocurrency wallet.

The people (companies) that offer these cloud mining services usually have huge mining facilities with multiple farms (tens or hundreds of rigs stacked and operating together) at their disposal and know perfectly well how to mine cryptocurrency.

Cloud mining has become so popular mainly because it offers the possibility to participate in the world of cryptocurrencies for people who might not have enough money to buy their rigs or who perhaps simply arent interested in owning a rig.

There are two options of cloud mining - free and paid. Naturally, a lot of people that are looking for ways to mine cryptocurrency would gravitate towards the free options, but it does have its drawbacks (very slow mining speeds, extra conditions, etc.). Paid cloud mining usually works like this:

You find a cloud mining host online. You check out the plans that the host offers - there are usually four or five of these plans, ranging from the cheapest to the most expensive one; some hosts even offer you the ability to create and customize your cloud mining plan.

Once you know what you want, you simply perform the transaction (meaning that you pay the host), register your cryptocurrency wallet code and that is how you make the first steps on how to mine cryptocurrency!

Different plans cost different amounts of money and last for a variety of periods. The standard plans can go anywhere from $500 up to $5000, and last from two years to a lifetime.

It is usually expected that youll break even at around the half-a-year - one year mark, and then profit from that point onwards. No one can know for sure, though, because the prices of cryptocurrencies are very volatile and their prices tend to sway by quite a bit.

CPU mining utilizes processors to mine cryptocurrencies. It used to be a viable option back in the day, but currently, fewer and fewer people choose this method how to mine cryptocurrency daily.

There are a couple of reasons why that is. First of all, CPU mining is EXTREMELY slow. You could go on for months without noticing the smallest amount of revenue.

Its also usually not worth it - you make very little amounts of money, but you probably spend ten times that amount on electricity and cooling. The problem mitigates itself by a bit if you can find a place that has nice cooling and cheap electricity bills, but thats rarely the case.

So why do people still even use CPU mining, then?

Well, basically because anyone with a desktop computer could do it.

All you need to be able to mine using the CPU method is just a computer and a couple of programs. It is possible to do it with a laptop, but it is VERY STRONGLY NOT ADVISED. Your laptop will probably fry and overheat in a matter of a couple of hours.

The fact that its so easy to start cryptocurrency mining attracts new CPU miners every day. Some people that are looking for how to mine cryptocurrency dont care about the details - they just want to start the process as soon as possible, and in any way possible.

GPU mining is probably the most popular and well-known method of mining cryptocurrencies. If you google cryptocurrency mining, GPU rigs are going to be some of the first things that youll see.

Cloud miners, for example, use GPU rigs for their services. And these guys are professionals that sometimes have hundreds if not thousands of rigs, so they probably know what theyre doing, right?

GPU mining is very popular because its both efficient and relatively cheap. Dont get me wrong, the construction of the rig itself tends to be costly - but when it comes to its hash speed and the general workforce, the GPU mining rig is great.

GPU rigs utilize graphics cards to mine cryptocurrencies. One standard rig is made out of a processor, a motherboard, cooling, rig frame and - of course - a few (2 - 8) graphics cards.

A typical price for a well-performing and nicely built GPU mining rig aims to be around the $3000 price range. It is a hefty investment but will pay off much faster than, lets say, a CPU miner. People looking for ways how to mine cryptocurrency should check them out.

ASICs (Application-Specific Integrated Circuits) are special devices that are designed explicitly to perform a single task, which in this case is crypto mining.

ASICs are very well known and treasured because they produce insane amounts of cryptocurrency when compared to its competitors' GPU and CPU.

But if they are so good, why didnt I mention them sooner?

Well, mostly because they're a big subject of controversy.

You see, when the ASIC company announced its new version of the machine, the announcement caused an uproar in the cryptocurrency community. Many people have called for an outright ban on these machines. Why?

Because ASICS are so powerful, they rob other miners who are using GPU or CPU rigs of the possibility to keep up both in hash speeds and in earnings. Also, ASICs have twisted the economy of certain specific cryptocurrencies - imagine if the majority of earnings would go to one miner with an ASIC farm, what kind of chaos that would ensue.

Looking for more in-depth information on related topics? We have gathered similar articles for you to spare your time. Take a look!

Now that you have an understanding of how to mine cryptocurrency and about all of the different ways to do it, which one is the best way?

The method that suits you the most depends solemnly on a few key details: are you willing to spend some initial money? If so, how much? Do you want to OWN a rig? Do you even want to do it with a rig?

These and many more similar questions will determine your best method for mining cryptocurrency.

Generally speaking, GPU and cloud mining seems to be the two big options that people love. CPU mining is slow and tedious, while ASIC mining could get very unpredictable, especially as of late.

If you want to build your rig, then GPU is the way to go. If you dont want to spend a dime and just get going ASAP, you could give CPU mining a shot. However, if youre willing to risk it and youre not afraid of controversy - ASICsare a great bet. And finally, if you dont want anything to do with neither rigs nor any other type of machinery - cloud mining is your best bet on how to mine cryptocurrency!

Your choice of gear should also depend on the type of cryptocurrency mining that you've decided to do.

Some of the obvious favorites would be Bitcoin, Ethereum or Dash. Keep in mind, though, that Bitcoin mining is probably the trickiest of them all - since the coin is so popular, there are many miners around the world tuning into the few pools that there are and trying to snatch at least a small bit of Bitcoin. This might result in you waiting for countless hours until the first drops of Bitcoin start coming in.

Keeping that in mind, your best bet would probably be to stick with Ethereum or some other less-popular cryptocurrency. Depending on your method of choice, check out the prices, calculate when your return on investment would happen, do some math and youll figure it out in no time!

Browse our collection of the most thorough Crypto Exchange related articles, guides & tutorials. Always be in the know & make informed decisions!

As youve probably noticed, there are many different ways on how to mine cryptocurrency. These are simply the main methods - if youd like, you could even forget about mining and jump into Bitcoin faucets - but thats a whole different story for a whole different day. But it's an option!

One thing that you should not only remember, but also do right away is to create a cryptocurrency wallet. Decide on the type of cryptocurrency that you want to mine and simply look up the wallet options for that currency. I strongly recommended Ledger Nano S, Coinbase and Trezor, they're truly reliable.

Youll have no problems finding one for coins like Bitcoin, Ethereum or Litecoin, but if you want to mine the less-known currencies, then you might need to search for a bit until you find a reputable wallet.

Getting a secure and reputable wallet is the most important task when youre starting with cryptocurrency mining. Imagine if youd be mining for a year and all of your savings would be stolen only because you didnt pay enough attention while choosing the wallet and picked a fishy one that got hacked into.

If youre serious and are looking for ways on how to mine cryptocurrency, I would suggest buying a hardware wallet - they are the safest and most trustworthy cryptocurrency wallets out there.

Well, this is the end of my tutorial on crypto mining. Weve covered a few different topics and explored the different varieties of cryptocurrency mining methods.

Remember - the method that suits you the most will depend solemnly on what you want and what kind of resources you have, so choose carefully! If you do decide on giving mining a chance, I wish you the best of luck!

Leave your genuine opinion & help thousands of people to choose the best crypto exchange. All feedback, either positive or negative, are accepted as long as theyre honest. We do not publish biased feedback or spam. So if you want to share your experience, opinion or give advice - the scene is yours!

More:
How To Mine Cryptocurrency: Beginner's Guide To Crypto Mining

Read More..

Cryptocurrency Market UK – Crypto Prices in GBP – Buy …

We provide the latest Cryptocurrency Prices in GBP, and is aimed at those in the UK looking for price information and detailed Binance exchange buying guides covering Bitcoin and 6000+ Altcoins. Cryptocurrency Market capitalisation data, reporting, research, and analysis, is all based upon trusted CoinGecko data. We provide price and trading data for crypto including BTC/GBP, ETH/GBP, LTC/GBP, and over 6000 Cryptocurrency Prices in GBP. All Crypto Prices in GBP / British Pound Sterling. Market Cap data is also listed for leading cryptocurrencies including Ripple XRP, Bitcoin BTC, Ethereum ETH, Tether USDT, Polkadot DOT, Stellar XLM, Litecoin LTC, Bitcoin Cash BCH, Bitcoin BSV, and EOS. View the latest gainers and losers in the Trending page, all cryptocurrency market UK price data is automatically updated 24/7. Historical cryptocurrency prices and chart data is available for the most popular cryptocurrencies including Bitcoin; this shown in easy-to-read charts with time ranges of between 1 day and all time. We can refer you to Buy Bitcoin in the UK with Binance and you'll receive 10% as a kickback" (cashback) from the trading fees.

Find out the current value of 1 Bitcoin in GBP, or convert Bitcoin into another cryptocurrency. Buy Bitcoin UK on Binance, or trade on the available markets displayed on each of the 6000+ currency pages.

What is Cryptocurrency? Our definition of Cryptocurrency is "a fully decentralised digital currency secured by cryptography".Bitcoin was the first digital currency and came into existence in 2009. In addition to Bitcoin, there arenow thousands of Altcoins. These coins are alternatives to Bitcoin; we list many of these on this site.Cryptocurrency prices including XRP, Bitcoin, and BTC observed on exchanges are generally based upon supply and demand. We will always strive to provide accurate market data and cryptocurrency prices, along with relevant links, news, and market discussion.

View original post here:
Cryptocurrency Market UK - Crypto Prices in GBP - Buy ...

Read More..

Cryptocurrency inflows hit all-time high of $4.5B in first-quarter – Fox Business

NEW YORK - Inflows into cryptocurrency funds and products hit a record $4.5 billion in the first quarter, suggesting increased institutional participation in the once-maligned sector, data from digital currency manager Coinshares showed on Tuesday.

The first quarter inflows represented an 11% increase from the last three months of 2020, which hit $3.9 billion.

Investments into crypto, however, slowed in the first quarter compared with the fourth, where growth was 240%, data showed. Coinshares said in the report, however, that this was not "indicative of a broader slowing trend, as quarterly growth rates tend to be highly varied."

IOWA'S LUKA GARZA TO BECOME FIRST COLLEGE ATHLETE TO SELL NFT

On Monday, the cryptocurrency sector hit an all-time peak of $2 trillion in market capitalization. Bitcoin's market cap was more than $1 trillion, holding that milestone level for one whole week.

"There's so much momentum that's building and people are scrambling to see where the other coins, aside from bitcoin, are going," said Edward Moya, senior market analyst at online FX trading platform OANDA.

GET FOX BUSINESS ON THE GO BY CLICKING HERE

Bitcoin had the most inflows in the first quarter with $3.5 billion, according to the Coinshares data, followed by ethereum, which posted $765 million in investments.

The largest cryptocurrency in terms of market cap hit a record high of $61,781.83 in mid-March, but has since traded in a narrow range as investors consolidated gains.

Crypto assets under management have also surged to a peak of $59 billion, CoinShares data showed. Last year, assets under management for the sector hit $37.6 billion.

Grayscale is still the largest digital currency manager, with $46.1 billion in assets, while CoinShares, the second biggest and the largest European digital asset manager, oversees about $5.1 billion in assets.

CLICK HERE TO READ MORE ON FOX BUSINESS

Of the $59 billion in assets under management, active investment managers represented just 1.5% of total assets under management, down from 3.6% at the start of the fourth quarter last year.

Total market volumes remained high during the quarter, averaging $11.6 billion per day, compared with $3.5 billion in the last three months of 2020.

Read this article:
Cryptocurrency inflows hit all-time high of $4.5B in first-quarter - Fox Business

Read More..

TheStreet Launches A New Cryptocurrency Media Brand, As The Market Tops $2 Trillion – Forbes

In this photo illustration, the Bitcoin cryptocurrency physical commemorative golden symbol coins ... [+] and logo are seen on display.

By coincidence, a turn of events on Monday helped lay a bit of groundwork to justify an expansion of sorts by finance media company TheStreet, which is launching a new cryptocurrency-focused media brand as well as expanding the availability of crypto coverage on its own website.

Rob Barrett, president of media for TheStreet parent company Maven, said in an interview ahead of Wednesdays launch that the new offering fits right into the slipstream of a few different industry trends. The editorial expansion includes Crypto Investor, a new subscription-based weekly newsletter product (priced at $29.99/month, or $299.99 annually) geared toward both retail and institutional investors that will chronicle the adoption of Bitcoin on Wall Street. That newsletter, developed in concert with BTC Inc. the publisher and venture group behind Bitcoin Magazine will also complement a new dedicated channel on TheStreets current site that focuses on a steady stream of daily cryptocurrency news coverage, which will be freely accessible to readers at The Street.

Barrett pointed to the growing prominence that publishers across the news media landscape are placing on newsletters as a way to tilt the strategic playing field back their way, given that newsletters falls outside of the esoteric algorithms of social networks and represent something the journalism let slip from its grasp until a few years ago a direct relationship with readers, one that via newsletters places less importance on the ebb and flow of advertising dollars and, consequently, on the frenetic chase for scale.

Newsletters have really, I think, been the tip of the spear for the subscription economy, Barrett said during a phone interview. If you look at businesses like The Information or Morning Brew whether theyre free, paid or hybrids they drive a lot of loyalty and habit. Its a very smart choice for them to publish their deepest stories and their premium content in newsletter form. A choice that Crypto Investor will model itself after, offering subscribers everything from exclusive Q&As with notable industry figures, exclusive news on deals and ventures, plus commentary and analysis.

Bitcoin virtual crypto currency price is displayed on a phone screen in this photo.

To make the product more attractive for early subscribers, a limited subscription offering of $199.99 annually is available.

Given that TheStreet very much wants to position this new coverage as an authoritative and preeminent guide to all things crypto and the broader digital asset economy, the publication has expanded its editorial team and brought on a contingent of journalists with expertise in this area. The team is led by Michael Bodley, who comes from Hedge Fund Alert and is editor-in-chief of the newsletter. The rest of the team includes veteran journalists whose work has been associated with outlets ranging from CoinDesk to Fortune magazine, FiveThirtyEight and more.

If youre in the business of finance media, you cant ignore the cryptocurrency ecosystem now, Barrett continued. We wanted to provide the competitive resources to TheStreets audience with an established partner. And I think we have a really strong editorial team here that can compete, be competitive with anybody publishing cryptocurrency news, and help to demystify this space.

Meanwhile, it cant escape anyones notice that TheStreets expanded crypto coverage is launching at a time when the market at the heart of that coverage is booming, and interest in it from both institutional investors as well as the general public is at an all-time high. On Monday, for example, the price tracking website CoinGecko pegged the value of the crypto market at more than $2 trillion for the first time. That was thanks to a rally in ether, the digital token for the Ethereum network that billionaire investor Mark Cuban said in recent days is the closest thing we have to a true currency.

Then on Tuesday, after the market close, Coinbase reportedfirst-quarter revenue up almost 900% from where the nations largest crypto exchange stood at the same period the prior year. Bitcoin, meanwhile, accounts for more than half of the entire market capitalization of the crypto industry, and is the biggest digital currency in existence moreover, it has soared in value more than 100% this year.

Barrett said that TheStreet will cover the daily crypto-related news cycle via the new vertical at TheStreet.com, while the newsletter will provide a premium experience that goes long and deep on all aspects of the market. This also comes as banks like Goldman Sachs and Morgan Stanley are figuring out how to navigate the possibilities associated with cryptocurrency, such as via the first investment products tied to bitcoin that are launching soon at Goldman Sachs for its private wealth management group clients.

At a time when Bitcoin is disrupting the world of money, its no surprise financial institutions are beginning to take this innovation seriously, BTC Inc. CEO David Bailey said, as part of Tuesdays announcement about Crypto Investor. The new media brand, he adds, will aim to add to the current crypto media market the kind of polished, professional product TheStreet and Wall Street investors have come to expect.

Read this article:
TheStreet Launches A New Cryptocurrency Media Brand, As The Market Tops $2 Trillion - Forbes

Read More..

Engiven’s Cryptocurrency Donation Management Platform Selected by the Orang Utan Republik Foundation – PRNewswire

SAN DIEGO, April 8, 2021 /PRNewswire/ --Engiven, a leading cryptocurrency donation services company, is pleased to announce that the Orang Utan Republik Foundation (OURF) has selected the Engiven platform to enable Bitcoin, Ethereum, and other cryptocurrency donations to fund their programs.

"Engiven is continuing our mission to "crypto-enable" the nonprofit community by partnering with the Orang Utan Republik," said James Lawrence, CEO of Engiven. "Large-scale destruction of biodiverse forests has reduced the orangutan's numbers as well as other species that share the rainforest habitat. Engiven is providing OURF with an onramp to accept cryptocurrency donations and to generate awareness of this critical need."

The loss of biodiversity and rainforests continues to put the world in peril. Orangutan are a critically endangered species found only on the tropical islands of Borneo and Sumatra. These gentle arboreal primates are the "gardeners of the forest" and eco-engineers that help maintain the viability of forests through their daily foraging behavior.

The need to reduce human-wildlife conflict and increase protected habitat is essential, according to Dr. Gary Shapiro, president of OURF. "We only have another decade to turn things around to ensure the orangutan, wildlife and local people will have a sustainable future," said Shapiro, who continues, "Wild orangutans are shy by nature and hid from view in the forests, so crypto donations will help power our work to help save this cryptic but vitally important species. Our partnership with Engiven has made entering the cryptocurrency space an easy transition for us to provide donors with another way to contribute to our cause."

The Orang Utan Republik Foundation coordinates with partnering organizations to address the root causes affecting the current trajectory of environmental destruction including ignorance, poverty, fear, and indifference. Conservation education programs and reducing wildlife conflict with farmers by providing alternative solutions to their livelihood challenges are additional keys to success. OURF invests in the future of conservation on Borneo and Sumatra by providing multi-year scholarships to local students entering the fields of biology, forestry and veterinary science. Many will become orangutan advocates and influential leaders in conservation.

Engiven's donation management platform empowers nonprofit organizations to securely accept and liquidate cryptocurrency donations while eliminating most of the complexity. Engiven provides an enterprise level application and service that every nonprofit can operate and afford.

Bitcoin, Ethereum and 24 other cryptocurrencies can be donated to the Orang Utan Republik Foundation at: https://www.orangutanrepublik.org/crypto

About Engiven Engiven provides cryptocurrency donation management services to nonprofits. For more information about Engiven, visit https://engiven.com or contact James Lawrence, Cofounder and CEO of Engiven at [emailprotected].

About the Orang Utan Republik Foundation The Orang Utan Republik Foundation is based in the Santa Monica, CA with a mission of saving wild orangutans through education and other innovative programs that enroll and empower local Indonesians to value and take action in support of the mission. For more information, visit https://www.orangutanrepublik.org or contact Dr. Gary Shapiro, President OURF at [emailprotected] or 310-780-0883.

SOURCE Engiven, Inc.

Homepage

Continue reading here:
Engiven's Cryptocurrency Donation Management Platform Selected by the Orang Utan Republik Foundation - PRNewswire

Read More..

New Kind Of Network (NKN) Cryptocurrency Surges 1300% In A Month, On Its Path To Become ‘World’s Biggest Blockchain’ – Benzinga

New Kind of Networks native cryptocurrency token NKN has seen its price surge by over 1300% in the past month alone.

What Happened: NKN rose to a high of $0.7749 on April 6, gaining 160% overnight as the blockchain reported over 62,900 full consensus nodes, as first reported by Cointelegraph.

Measured by consensus nodes, NKN is essentially the largest blockchain network operational in the world today.

By comparison, Bitcoin (CRYPTO: BTC)and Ethereum (CRYPTO: ETH), which are the largest cryptocurrency blockchains by market cap, each has about 10,000 full consensus nodes at the moment.

In a recent blog titled Why billions of nodes matter,Zheng "Bruce" Li explained, NKN is fundamentally adata communication network. So the more nodes, the higher the network capacity.

Imagine it isVodafonein Europe,AT&Tin the US, orChina Mobilein China, the more cell towers they have, the better the user experience on their smartphones. It applies to NKN as well, since each node is doing the data relay and bandwidth sharing.

Why It Matters: NKN is an open-source protocol for public blockchain-based peer-to-peer networks to share network bandwidth and internet connectivity. The decentralized proof-of-work (PoW) network was launched in 2018 but has gained the most traction in the past few weeks.

According to data from Binance Research, the number of daily transactions on the NKN blockchain spiked to an all-time high of 729, compared to earlier months, where it recorded an average of 20 to 30 transactions a day. The number of large transactions, that is the on-chain transactions, exceeding $100,000, also witnessed a sudden uptick over the past month.

The projects increased momentum took shape shortly after crypto exchange Binance announced that NKN "hodlers" could earn up to 20% APY on their holdings through their Binance savings account.

Join us on SPACs Attack w/ Matt Higgins & Gary Vee

2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

Read more:
New Kind Of Network (NKN) Cryptocurrency Surges 1300% In A Month, On Its Path To Become 'World's Biggest Blockchain' - Benzinga

Read More..