Connect with us

Gainesville Wants to Be the First City in the Country with Self-Driving Buses

Avatar

Published

on

According to its’ Office of Mobility, the city of Gainesville, Florida is expected to make autonomous electric buses available as a new form of public transportation by the end of the year – which would make Gainesville the first city in the country to have self-driving buses on public roads. While a few other communities around the country have AVs that run in designated lanes, this would be a major step forward for the autonomous vehicle movement.

The current phase of testing began in early January 2020 after Gainesville obtained permission from the National Highway Traffic Safety Administration to operate two AVs for the next six months on public roads. The currently operate in the early morning hours in the city’s downtown district. The AVs are being tested to see how they cope with difficulties such as negotiating roundabouts, rain, a plastic bag tumbling across its path, or a passenger unloading from the shuttle. In the second phase of testing, the AVs will go to and from the University of Florida’s Turlington Hall.

The AVs are 14 feet high, 10 feet wide, and 19 feet long. There is enough room in the AVs for six passengers to stand and six to sit. They are suited for trips of less than 4 miles, can move up to 30 miles per hour, but will not exceed 15 miles per hour for safety reasons. The AVs are available on demand 24 hours a day. They were developed in Europe by Transdev North America, which currently has other AV projects underway in Colorado, California, France, and the Netherlands.

Transit authorities will want to closely monitor the testing of AVs for public transportation purposes. Besides the obvious safety aspect of any such program, it is imperative to consider the labor implications. When a transit authority considers automation, a duty to bargain with labor over the decision to automate and a duty to bargain over the effects of the decision may arise. In fact, the Transportation Trades Department is already pushing to require transit agencies to provide employees with advanced notice of any planned deployment of automated vehicle technologies and the impact these technologies will have on their current workforce.

An employer contemplating automation changes in the future should look to negotiate provisions reserving such decisions to management when first negotiating or renegotiating its collective bargaining agreements. Additionally, employers should monitor the progress of AV services in order to ensure that their policies and procedures related to data privacy, confidential information, remote work, and workplace safety are adequately up to date to address potential issues that may arise due employees being able to work while traveling.

Employers considering automation or electrification of their vehicle fleets who are looking for additional information can join Fisher Phillips for a webinar on February 5, 2020 regarding issues arising from automation and electrification of vehicle fleets.  

Source: https://www.fisherphillips.com/autonomous-vehicles-blog/gainesville-wants-to-be-the-first-city

Blockchain

Bitcoin Shakes Off Dollar Rebound But Beware Of Coming Bear Phase

Republished by Plato

Published

on

Bitcoin has barely flinched in the face of the dollar’s best attempt at a rebound in over a year. The greenback is trying to stage a comeback against the top cryptocurrency, which has left the global reserve currency battered and beaten.

Although Bitcoin has fended off the advance in USD, if history repeats and the dollar surges, a short term » Read more

” href=”https://www.newsbtc.com/dictionary/bear/” data-wpel-link=”internal”>bear phase could be coming to the crypto market soon.

The Badly Beaten Dollar Begins Breakout And Bounce

2021 thus far has been Bitcoin’s best year on record. 2020 was among the dollar’s worst as sentiment turned negative and inflation fears pushed investors toward hard assets like gold and crypto.

However, according to the DXY Dollar Currency Index, which weighs the dollar against a bucket of other national forex currencies, a comeback is in the making.

dollar dxy bitcoin

The dollar is breaking out from a falling wedge. Will crypto respond? | Source: DXY on TradingView.com

The chart above shows the DXY breaking out from a falling wedge pattern, and coming back down to retest the former resistance line as support. With the retest complete, a stronger push higher should result.

Related Reading | Dollar, Divergences, & More: Here’s Why Bitcoin Could Soon Bounce

Thus far Bitcoin has remained largely unaffected by the dollar’s advance, despite one half of the cryptocurrency’s main trading pair featuring the fiat currency.

dollar dxy macd

A bullish MACD crossover will confirm the breakout as it has in the past | Source: DXY on TradingView.com

Coinciding with the breakout of the falling wedge, on higher timeframes, the MACD – a momentum indicator – is starting to turn upward. Past instances of the same pattern breaking upward combined with a bullish crossover on the MACD has led to sustained upside in the DXY.

How A Reversal In The Greenback Could Send Bitcoin Into A » Read more

” href=”https://www.newsbtc.com/dictionary/bear/” data-wpel-link=”internal”>Bear Market

Although the leading cryptocurrency by market cap has shaken off the greenback’s rebound thus far, a » Read more

” href=”https://www.newsbtc.com/dictionary/bear/” data-wpel-link=”internal”>bear phase could soon be coming that sets back the current uptrend for some time.

Each time the MACD crossed bullish on the DXY, it led to an extended » Read more

” href=”https://www.newsbtc.com/dictionary/bear/” data-wpel-link=”internal”>bear market in Bitcoin, as pictured below.

dxy bitcoin

Each bullish crossover in the dollar led to a crypto » Read more

" href="https://www.newsbtc.com/dictionary/bear/" data-wpel-link="internal">bear market | Source: DXY on TradingView.com

Bitcoin has been an uptrend for nearly a full year – since Black Thursday in 2020 – but time could be running out. The MACD hasn’t fully crossed over just yet, but has begun to turn upward.

Related Reading | This Unique Take On Bitcoin Suggests A Bear Phase Is Near

However, not all is lost for Bitcoin and the rest of the crypto market. An inverse head and shoulders on high timeframes might have completed on the DXY, which after a throwback to the trendline to confirm it as resistance, could result in the largest collapse in the dollar’s history, and its eventual undoing.

dxy head and shoulders

Upside in the dollar could ultimately be limited, benefiting Bitcoin | Source: DXY on TradingView.com

Such a scenario would suggest a bear phase in Bitcoin will arrive sooner than later, but that it will be much shorter-lived than previous » Read more

” href=”https://www.newsbtc.com/dictionary/bear/” data-wpel-link=”internal”>bear markets, and once it ends, the leading cryptocurrency by market cap could completely take over as the global reserve currency.

Of course, there’s no telling what the dollar could do from here, or if this time is actually different.

Featured image from Deposit Photos, Charts from TradingView.com

Source: https://www.newsbtc.com/analysis/btc/bitcoin-dollar-rebound-bear-phase/

Continue Reading

Blockchain

Mainnet launch and NFT sale lift Aavegotchi (GHST) to a new all-time high

Republished by Plato

Published

on

Nonfungible tokens (NFTs) have rapidly become the new hot topic in the cryptocurrency sector, as evidenced by Litecoin (LTC) creator Charlie Lee comparing the current spike in NFT interest to the ICO mania of 2017

The recent pullback in the cryptocurrency market hit decentralized finance tokens (DeFi) pretty hard, but as Bitcoin’s (BTC) price recovered the $50,000, DeFi and NFT tokens bounced back rapidly. 

One project that has successfully capitalized on the DeFi and NFT boom is Aavegotchi. The project benefits from its association with Aave, while also focusing on the creation of value-infused NFTs that are limited in minting.

Data from Cointelegraph Markets and TradingView shows that the price of GHST, Aavegotchi’s governance token, rose 35% from $1.36 on March 1 to a new all-time high of $1.86 on March 2 as the community conducted its first NFT sale.

GHST/USDT 4-hour chart. Source: TradingView

Three reasons for the GHST breakout to a new all-time high include its recent migration to the Polygon network, the successful completion of its first NFT sale and excitement about the upcoming mainnet launch.

Users bridge to Polygon for lower fees

Transaction fees on the Ethereum network have been increasing since the beginning of 2021, and they show no signs of decreasing anytime soon.

In response to this, the team at Aavegotchi announced on Jan. 26 that the project would bridge to the Polygon network, an Ethereum layer-two solution Following the migration, users are able to conduct transactions, buy items in the store and stake their GHST tokens for the cost of .0001 MATIC, a significant price reduction from the current costs of transacting on Ethereum.

GHST price rose from $0.61 on Jan. 27, when the Polygon bridge was first released, to $1.25 on Feb. 14 as users began to be more active in the community due to lower transaction costs.

Optimism grows as the mainnet launch approaches

One of the biggest drivers of GHST was its official mainnet launch on March 2.

While most NFT projects are content to utilize Web 2.0 servers or the InterPlanetary File System, Aavegotchi has taken its project to the next level by creating its own blockchain. Doing this enables each GHST token to have its unique personality traits, staked cryptocurrencies and visual elements stored permanently on the blockchain, which may help to strengthen their collectability and long-term value.

This also creates the unique opportunity where DeFi can be combined with NFTs by locking one of Aave’s wide selection of interest-generating tokens directly into a particular Aavegotchi, making each one a rare, unique form of a digital piggy bank.

NFTs sell out in under a minute

As Aavegotchi launched its mainnet, the project also conducted its first “portal drop,” which allowed tokenholders to buy a portal that is capable of summoning a yield-bearing Aavegotchi NFT.

Each portal was on sale for 100 GHST, and the demand was so high that the 10,000 portals sold out in less than a minute.

Through an integration with Aave and its aTokens, NFTs on the Aavegotchi platform create unique interest-bearing representations of funds supplied to the Aave protocol, a first for the NFT space.

Aavegotchis are designed to combine elements of gaming and collecting in an effort to tie digital collectibles to real value. This adds a new level of functionality to NFTs and is likely to help each Aavegotchi increase in value over time. In order to extract the value of aTokens locked within an NFT, the Aavegotchi must be destroyed in the process.

Future portal drops, low transaction fees and an expanding NFT store demonstrate that there is a healthy demand for GHST, and this is bound to grow as the platform expands to offer new layers of gamification.

Source: https://cointelegraph.com/news/mainnet-launch-and-nft-sale-lift-aavegotchi-ghst-to-a-new-all-time-high

Continue Reading

Blockchain

Bitcoin has brought new thinking to payments and financial inclusion: SEC chair nominee

Republished by Plato

Published

on

When it comes to Bitcoin, market opinions are often divided, with those who support the asset and those who don’t. Similar camps may now appear to take hold of US regulators and policymakers. Recently, President Biden’s nominee for chairman of United States Securities and Exchange Commission (SEC), Gary Gensler appeared to share his perspective on the crypto sector. Gensler said that cryptocurrencies “have been a catalyst for change.” 

Speaking to US Senator Mike Rounds during his Senate confirmation, Gensler added

Bitcoin and other cryptocurrencies have brought new thinking to payments and financial inclusion, but they’ve also raised new issues of investor protection that we still need to attend to.

His opinion on crypto is in stark contrast to Treasury secretary, Janet Yellen’s, who believed that Bitcoin is “extremely inefficient for conducting transactions” and that it is a “highly speculative asset.” It goes against Senator Elizabeth Warren’s views, who thinks Bitcoin would only “end badly.” 

However, if Gensler is confirmed, a move that many crypto enthusiasts are looking forward to, the nominee plans to work to “promote the new innovation.” 

I think, as I teach at MIT on these subjects, that these innovations have been a catalyst for change. Bitcoin and cryptocurrencies have brought new thinking to payments and financial inclusion but they’ve also raised new issues of investor protection…If confirmed at the SEC, I will work to promote innovation.

He quickly stressed on the importance of investor protection and said:

It’s always important to update our market oversight to new technologies…It’s important to stay true to our principles of investor protection.   

Furthermore, in his opening remarks, Gensler said that markets—and technology— “are always changing” and must not be taken for granted.

Our rules have to change along with them. I believe financial technology can be a powerful force for good but only if we continue to harness the core values of the SEC in service of investors, issuers, and the public.

Gensler is most famously known for testifying before Congress for crypto and blockchain several times in the past. He even argued against the notion that crypto was similar to Ponzi schemes.


Sign Up For Our Newsletter


Source: https://ambcrypto.com/bitcoin-has-brought-new-thinking-to-payments-and-financial-inclusion-sec-chair-nominee

Continue Reading
Blockchain5 days ago

NextGen Blockchain Platforms Self-Organize to Win Government Contracts

Blockchain1 day ago

Why Mark Cuban is looking forward to Ethereum’s use cases

Blockchain2 days ago

Google Finance adds dedicated ‘crypto’ tab featuring Bitcoin, Ether, Litecoin

Blockchain4 days ago

Crypto Investment Fund to Sell $750M in Bitcoin for Cardano and Polkadot

Blockchain4 days ago

This was avoidable – The lost Bitcoin fortunes

Blockchain3 days ago

Economist warns of dystopia if ‘Bitcoin Aristocrats’ become reality

Blockchain3 days ago

Inverse Finance seizes tokens, ships code: Launches stablecoin lending protocol

Blockchain4 days ago

PARSIQ Integrates Solana Blockchain on its Platform

Blockchain3 days ago

XRP, STEEM, Enjin Price Analysis: 27 February

Blockchain3 days ago

Here are 6 DEX tokens that have seen exponential growth in 2021

Blockchain3 days ago

Korean Government To Levy Taxes On Bitcoin Capital Gains Starting 2022

Blockchain2 days ago

How KuCoin Shares (KCS) Can Create a Stream of Passive Income

Blockchain2 days ago

NBA Top Shot leads NFT explosion with $230M in sales

Blockchain3 days ago

6 Questions for Kain Warwick of Synthetix

Blockchain3 days ago

3 reasons why Reef Finance, Bridge Mutual and Morpheus Network are rallying

Blockchain2 days ago

Top 5 cryptocurrencies to watch this week: BTC, BNB, DOT, XEM, MIOTA

Blockchain4 days ago

‘Bitcoin could reach $1 million or $1, and may do both of those’

Blockchain2 days ago

Litecoin, Monero, Dash Price Analysis: 28 February

Blockchain2 days ago

How did Bitcoin lending become so popular?

Blockchain2 days ago

Polkadot, Cosmos, Algorand Price Analysis: 28 February

Trending