BOSTON — Artificial intelligence needs to eat, breathe and sleep data to be effective. By that measure, the company…
— or country — with the most data should emerge victorious. But Brad Smith, president and chief legal officer at Microsoft, said the idea that data accumulators will rule the world and the rest of us will be powerless is a pessimistic take on what’s to come.
He prefers optimism. Indeed, Smith said there are ways to keep, say, China from becoming a global data dictator. His recommendation: Create “a global standard for ethical principles and for the protection of things like privacy so that the price for global admission is adherence to a global standard.”
Such a standard could create a classic data-silo problem for countries that don’t comply. For example, China may have the world’s largest population, but if it can’t access Europe’s data or the United States’ data, it will struggle to uncover patterns on a global, rather than national, scale.
That was one of the points Smith made at HUBweek, an innovation festival in Boston. In a fireside chat with Adi Ignatius, editor in chief of Harvard Business Review, Smith made it clear that Microsoft is participating in a new kind of corporate activism that targets broad societal issues — and it’s using this newly public corporate conscience as an advocacy and marketing tool.
For example, in December, Microsoft publicly supported a giving women and men the right to take a sexual harassment claim to court rather than keep the complaint in arbitration. When North Carolina a that restricted LGBT rights, Microsoft lent its voice to the opposition. More recently, the company launched the Defending Democracy Program, which is aimed at protecting campaigns from hacking, increasing political advertising transparency and defending against disinformation.
The political thread in the examples Smith provided is hardly accidental: Customers are increasingly turning to companies to take on issues they care about because of the dysfunction in Washington, D.C., Smith argued.
“We are living in a time when there are historically low levels of trust in government,” he said. “And so, whereas in the past, people would say, ‘I care about this. I’m going to go to government.’ They are less inclined to do that.”
But jumping into corporate activism and promoting a company’s moral compass can also create wrinkles. Smith said, given the gridlock in Washington, customers are beginning to ask Microsoft to help regulate the very technology it’s developing. One HUBweek attendee raised a question that has become common at tech events: Can government officials craft policy that effectively keeps up with the rapid pace of change in the tech industry?
Smith shot down the idea, saying that any technology company’s involvement in regulation is inappropriate and restricts progress. “I don’t think it’s viable to ask tech to slow down,” he said. “It is not only appropriate, but it is right to ask government to move faster. And it’s incumbent on those of us in the technology sector to do what we can to share information so that governments can move faster.”
Plus, he said, “it’s important to remember that, in this country and in many others, people elect those who make the laws. People do not elect companies.”
‘Moneyball’ for movies
Legendary Entertainment is using analytics to develop films. Matt Marolda, chief analytics officer for the media company, referred to this as “Moneyball for movies,” referencing the story of how data helped transform a losing baseball team.
The use of data to develop movie products isn’t , but in the past, much of the data was collected through analog methods. These days, the data that Marolda’s applied analytics team uses for analysis comes from a variety of sources — from one-on-one conversations with viewers to digital data such as search queries and Twitter conversations.
The tried-and-true method of testing a film before a live audience is also used — but with a twist. While Marolda’s team tries “to be as unintrusive as possible” during the testing process, it uses iPads to capture facial expressions and wristbands to collect heart rate and other “various signals,” he said. That kind of data is used to determine what’s working and what’s not.
“We try and identify those moments where people are confused, people are rolling their eyes, where they’re really engaged,” Marolda said.
The data can also help pin down much bigger problems such as whether the chemistry between the two leads is believable. Marolda said filmmakers often have a gut answer to human chemistry questions like the latter, but the data can provide solid evidence.
“With that kind of evidence, entire storylines are removed from movies, reshoots might happen to redirect the plot,” he said. “Those indicators are a great way to understand what the opportunities are for improvement.”
Profiting from Crypto: Here’s a tool that’s actually useful
Introduction to Profit Farmers
It’s no hidden secret that Bitcoin has been on a record-breaking bull-run ever since PayPal announced they’d offer their users the ability to use Bitcoin and other altcoins for transactions.
This has led to numerous altcoins rising in value too, riding in the slipstream of Bitcoin’s big rush.
With all these crazy gains being reported, many of us are left wondering;
“How can I best capitalize on crypto’s opportunities without rushing in and making mistakes?”
Well, that’s precisely the question I’ll attempt to answer today.
There’s a crypto trading tool called ProfitFarmers that claims it can help you make more profitable trades without all the stress, staring into charts, and the years of experience otherwise needed.
Their website boasts no commissions or fees on your trades, complete honesty on how their tool functions and a 100% money-back guarantee in the event their tool doesn’t offer you profitable opportunities.
In light of that, you’d be wise to set aside the next 5 short minutes to look into ProfitFarmers with me!
What is ProfitFarmers?
Put simply, ProfitFarmers is a subscription-based service that produces trading signals, which are complete instructions for trading a given coin pairing from entry to exit.
ProfitFarmers is integrated with Binance through an API, so all your trades and profits actualize within your own account on Binance. This also makes it possible for PF to place trade orders on your behalf, saving you time, hassle and preventing accidental errors!
PF’s integration with Binance means you only need to click on a signal from their dashboard, enter how much you wish to trade with, and let ProfitFarmers’ software handle the rest!
ProfitFarmers will perform your trade from entry to exit based on the information programmed within the trading signal.
This also includes a stop-loss function where ProfitFarmers will place an order to sell your coins if the price takes a turn in the wrong direction. Perfect for anyone looking to make their risk management less of a headache to keep ‘on good terms’ with!
With absolutely no commissions or fees on your trades, ProfitFarmers is one of the few platforms where you can make trades knowing 100% of the profits you make are 100% yours to keep.
Better yet, thanks to their 100% money-back guarantee, you can join ProfitFarmers with the assurance that you WILL be presented with a fair amount of trading signals that offer a profitable opportunity each month.
Tools for more experienced traders:
Besides from the main features described above, ProfitFarmers entails a host of tools designed for the more experienced and active traders to make use of. These tools are the Price Action Scanner, RSI Scanner, and a manual trading terminal linked directly to the Binance Exchange.
Maximize your profitability with the manual trading terminal by using some basic chart analysis to achieve close-to-perfect entry and exit points on your trades!
On a bi-weekly and monthly basis, Matthew Tansley (ProfitFarmers founder) creates a video breaking down their trading signal’s performance for everyone to digest.
These breakdowns are particularly beneficial for members, as the videos give valuable insights on what signals, strategies, and coin pairings are trending with the highest profitable performance.
For 6 months their Signal win rate has NOT been below 70%! That’s really impressive…
ProfitFarmers’ signal results & performance breakdowns dating months back are publicly accessible for everyone to go through on their website.
For the month of November, ProfitFarmers produced 256 trading signals, of which 81% hit target 1 (of 4 targets, where the higher the target hit, the higher the % peak gains offered).
Perhaps even more enticing is the fact that 61% of November’s signals hit targets 2,3 or 4, offering even higher money-making opportunities.
Here is the “Average Profit % Per Target” breakdown for the month of November:
Would you like to instantly increase your chances of making more profitable trades today?
If you don’t want to spend years learning and hours stressing & staring into price charts all day, then I’d say ProfitFarmers is your best bet moving forward.
This platform offers tech-savvy answers to some of the biggest questions and pain-points involved with trading crypto. Save yourself the time and hassle by utilizing a tool that has been proven to do a majority of the ‘heavy lifting’ in trading for you.
With trade signals boasting a 78% all-time historical win rate and ProfitFarmers 100% money-back guarantee if that number ever falls below 60%, you can try ProfitFarmers with more peace of mind than any other tool I’ve seen on the market.
To start using ProfitFarmers or learn more about what they do, visit their website here!
Let me know about your experience with ProfitFarmers in the comments below.
How Top U.S universities are privately increasing their Bitcoin holdings
Over the years, the acquisition of Bitcoin amongst investment companies has become a common practice, but the industry looks to be expanding as universities are now securing their spot in the Bitcoin market. According to Coindesk, sources aware of this activity have disclosed that leading U.S institutions have quietly been increasing their Bitcoin assets over the past year.
These are not just any institutions; In fact, these are some of the universities with the highest endowment funds in the United States. Harvard (over $40 billion), Yale (over $30 billion), and Brown ($4.7 billion) are three out of the eight ivy league colleges in the country that are said to be a part of the list. The highly reputable Michigan University ($12.5 billion) is also said to be following in the footsteps of the Ivies. Apparently, Coinbase has been the middleman facilitating the transactions. It was revealed that these institutions have been buying directly from the Coinbase exchange.
The spokesperson who asked to be anonymous told Coindesk that there are a sizeable number of institutions currently pouring funds into crypto assets. “There are quite a few. A lot of endowments are allocating a little bit to crypto at the moment.”
But the interest in cryptocurrencies began in 2019 and Coinbase is being speculated to have held the funds for the institutions for as long as 18 months, according to the source, who notes that said institutions are likely cashing in on a decent return on investment and could possibly make their Bitcoin acquisitions public this year. The source is quoted saying;
“It could be since mid-2019. Most have been in at least a year. I would think they will probably discuss it publicly at some point this year. I suspect they would be sitting on some pretty nice chunks of return.”
Another source who is a part of the crypto hedge fund industry asserted that public pension plans are soon to begin allocations in the coming months.
“We are seeing defined benefit pension plans getting close to making allocations. We are seeing public pension plans getting close to making allocations,”
Ari Paul, the cofounder of BlockTower Capital chimed in saying; “If I had heard that three years ago, I would have said it was wrong,”.
“But a lot of institutions are now comfortable with Bitcoin. They understand it and can just buy it directly, as long as it’s from a regulated entity like Coinbase, Fidelity or Anchorage.”
DeFi Trading Platform dYdX Raises $10m in Latest Seed Round
Venture capital coin is flowing into DeFi like never before as another trading platform hits its target for fundraising. The non-custodial Ethereum-based exchange dYdX has announced that it has raised a $10 million Series B round led by Three Arrows Capital and DeFiance Capital.
New investors include Wintermute, Hashed, GSR, SCP, Scalar Capital, Spartan Group, and RockTree Capital. The announcement added that it had continued support from a16z, Polychain Capital, and Kindred Ventures among others.
— dYdX (@dydxprotocol) January 26, 2021
Millions Pouring into DeFi
dYdX is geared towards more experienced derivatives traders rather than DeFi degens token swapping on Uniswap. Its infrastructure combines non-custodial, on-chain settlement with an off-chain low-latency matching engine with order books to deliver an institutional-grade, liquid, and low slippage trading experience.
Its user base and trade volumes have grown significantly in 2020 as bigger players tend to get more out of DeFi operations than the smaller traders getting stung on gas fees. It added that cumulative trade volume across perpetuals, margin, and spot trading increased 40 times, reaching $2.5 billion in 2020, up from $63 million in 2019.
In February 2021, dYdX will launch Layer 2 solution with StarkWare using zk-Rollups for perpetual contracts.
The announcement added that the funding will be used to decentralize more parts of the stack and hand over more control to users in addition to adding new assets and features to its perpetual contracts. dYdX will also be strategically investing in international growth markets such as Asia, with a focus on China.
The Decentralization Debate
There has also been much debate about whether projects can really call themselves ‘decentralized’ if they’re backed by venture capitalists that will be entitled to a share of any tokens or rewards. In reality, they’re just like corporations with shareholders and the whales will control governance votes and the future direction of the protocol.
Last week, Uniswap founder Hayden Adams responded to a thread started by Synthetix founder Kain Warwick on exactly this subject;
🔥 This thread is great
I might have seemed anti token/ICO in the past but really I think projects should prove themselves before raising huge amounts of $
“VC bad” is lazy virtue signaling
I’m only bullish on projects that prove themselves by building new and useful stuff https://t.co/FVwSddhPrb
— Hayden Adams 🦄 (@haydenzadams) January 20, 2021
DeFi analyst Chris Blec, who has been highly critical of any form of crypto centralization, aptly commented that VC involvement inevitably leads to decisions that are good for founders and strategic investors, but bad for users.
Goldman Sachs CEO: Regulators should be ‘hyperventilating’ at Bitcoin’s success
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