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Swarm Intelligence could be the Key to More Accurate Sports Betting

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Artificial intelligence has been shown to have tremendous predictive power in all sorts of areas. Sports is one area in which data plays a key role, whether it’s statistics about a team’s form and overall performance, or data for individual players and their strengths. Collecting this data and analyzing it using algorithms can lead to more accurate predictions. This type of AI doesn’t have to involve any human input.

There is a different kind of AI that brings human input back into the frame. Swarm intelligence aims to amplify the intelligence of a group of individuals, enabling more accurate predictions for a range of events, including the outcome of sports games.

What Is Swarm Intelligence?

A purely mathematical AI system effectively eliminates human input from the process; instead, it makes decisions based on inputs of data and computations through algorithms.

Swarm intelligence is very different. It relies on the input of multiple individuals who, by making a single decision simultaneously together, act as a hive mind, or swarm.

This idea is based on observations of biological systems such as ant colonies or bee swarms. If they were to act individually, these insects would not have much intelligence (neurologically speaking). By joining together, a swarm of bees can achieve the intelligence of a human mind.

When a swarm of bees sets out to find a hive, they will come to a collective decision and solid consensus, without the usual blocks that are experienced in systems of human politics.

Swarm intelligence is a deliberate attempt to bring human individuals into a swarm-like intelligence using an AI system, by forcing an answer that satisfies the most people. One of the key roles of swarm intelligence is to bring human morals and ethics into AI decision making, but it also happens to be incredibly powerful when it comes to predictions.

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UNU Swarm Intelligence System

Swarm intelligence is very different from a poll. A poll always polarizes answers, emphasizing differences between groups. For example, you ask 100 people whether they want to leave or stay in the EU, and the result will always be a divide, a split decision of sorts which hems individuals into a set group.

Swarm intelligence functions very differently. In the UNU system, invented by Unanimous AI chief executive Louis Rosenberg, individuals join together to make swarms. They are then asked multiple answer questions. Each participant has a magnet cursor, which they can use to drag a puck towards an answer.

What ensues is a push and pull towards consensus, where the group eventually has to reach a single answer that best works for everyone. You can see it in action on the Unanimous AI website prediction highlights page to understand the process better.

Even a random group of people, when pooling their knowledge, ideas and intuitions, are said to be able to outperform experts, and this has been proven to be true time and time again with the swarm intelligence systems. When sports fans pool together in this way, they can provide more accurate predictions.

UNU Sports Betting Success

Sports betting is a growing industry, expected to reach values of over $155 billion globally by 2024. The growth will largely come from Asia-Pacific, as well as from North America, where recent legislation has allowed sports betting within many states as well as on upcoming mobile apps like Fox Bet. As the industry opens up for more people around the world, people inevitably look to gain an edge.

The UNU swarm intelligence system has found that edge quite a few times already. The 2016 Kentucky Derby was a notable milestone. A swarm of horse racing enthusiasts predicted the Superfecta with amazing accuracy, turning $20 into $11,000 with a 540-1 payout.

Researchers at Oxford University and Unanimous AI tested the swarm system to predict winners in 50 EFL games. Individuals alone averaged 55%, but when swarmed this was boosted significantly to 72%.

In early 2008, the UNU system achieved an even more impressive result than the Kentucky Derby. The swarm and AI system predicted every result correctly in a 10-match weekend, including draws. Community members who followed up with parley bets ended up winning on odds as far-fetched as 1,244-1.

It’s clear that swarm intelligence, the synthesis of AI and human minds, can be a powerful predictor for sports betting.

Source: https://1reddrop.com/2019/07/17/swarm-intelligence-could-be-the-key-to-more-accurate-sports-betting/?utm_source=rss&utm_medium=rss&utm_campaign=swarm-intelligence-could-be-the-key-to-more-accurate-sports-betting

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Crypto exchange HitBTC goes live with new perp trading contracts

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HitBTC, a popular bitcoin and cryptocurrency exchange, announced today that perpetual futures contracts with up to 75x leverage are now live.

Users of HitBTC can now trade BTC, ETH, TRX, BCH, ADA, DOT, SOL, EOS, AAVE, MATIC, XLM, UNI, LTC, and HIT (HitBTC’s native utility token) as perpetual futures.

The new contracts are USDT-denominated and use isolated margins, meaning traders can add or remove assets that serve as collateral for a selected position, effectively altering the leverage of that position.

“We are eternally grateful for the trust you have placed in us over the previous eight years. Our commitment, as it has been in the past, is to continue to provide dependable and secure services that exceed our clients’ expectations. It is our pleasure to welcome you to start trading perpetual futures contracts.”
– The HitBTC Team

Perpetual Futures Overview

Perpetual futures differ from traditional futures as they do not have an expiration date. This allows traders to hold a position for as long as they like. Besides that, perpetual contracts help better manage risk, deploying small amounts of capital to hedge the market.

Like in margin trading, futures trading also gives traders the option of leveraging funds to maximize profits with low initial investments. The max amount of leverage available on HitBTC for futures trading is 75x.


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Source: https://www.cryptoninjas.net/2021/09/20/crypto-exchange-hitbtc-goes-live-with-new-perp-trading-contracts/

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Does Bitcoin Founder Satoshi Nakamoto Deserve A Nobel Prize?

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Does Bitcoin Founder Satoshi Nakamoto Deserve A Nobel Prize?

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  • Satoshi Nakamoto’s invention of Bitcoin is undoubtedly one of the most profound inventions of the 21st century.
  • The encompassing nature of his invention has seen individuals advocate on his behalf that he deserves a Nobel Prize.
  • His mysterious nature and stringent rules may put a dent in his chances at getting the Nobel Prize.

Alfred Nobel’s will and last testament created the Nobel Prize which is seen as one of the highest achievements that a person can attain in a given field of study. The award is bestowed “to those who, during the preceding year, have conferred the greatest benefit to humankind.” This raises the question of whether or not Satoshi Nakamoto deserves a Nobel Prize.

Give Satoshi A Nobel Prize!

Satoshi Nakamoto’s innovation of Bitcoin shook the entire financial industry and to this day, the reverberations of that singular act can still be felt all around the world. The invention of Bitcoin in 2009 birthed a $2 trillion industry that changed the way we perceive money by eliminating the need for intermediaries. Sectors like art, commerce, education have all leveraged this technology, igniting calls that the founder of this revolutionary technology be bestowed with a Nobel Prize.

According to Michael Saylor, the CEO of MicroStrategy, Bitcoin’s founder “deserves a Nobel Prize in Economics for the invention of Bitcoin, followed by the Nobel Peace Prize for the invention of a monetary system that doesn’t rest on the threat of violence.”

One of the cornerstones for the award is that individuals must have conferred the “greatest benefit to humankind” and the mass adoption of Bitcoin and blockchain technology satisfies the criteria for the Nobel Prize in Economics. The requirement for the award of the Peace Prize is hinged on the fact that bitcoin as a currency does not require violence for adoption. History is littered with instances where fiat currency led to wars and the continuous threat of war looming ominously in the background.

The Nobel Prize Has Laid Down Rules

While cryptocurrency enthusiasts may hold the belief that Satoshi Nakamoto is deserving of the Nobel Prize, several factors will stand in his way of getting the award. Firstly, the Nobel Prize for Economics requires members of academies and university professors to nominate individuals, and most often, the nominated individuals are renowned academics in the field of economics. Asides from the Bitcoin paper, there is no other academic paper that can be ascribed to Satoshi Nakamoto.

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Furthermore, there is an added requirement that the winner should be alive at the time of the award. This is tricky because the last known communication by Satoshi Nakamoto was over 10 years ago. Winners of the Nobel Prize are also expected to give a speech within 6 months of the receipt of the award and there is also the challenge of receiving the prize money of around 9 million SEK. With Satoshi Nakamoto’s identity unknown, the awarding body may find it somewhat unconventional to give him the Prize.

Why It Matters

A Nobel Prize to Satoshi Nakamoto for the impact of Bitcoin on humanity could be regarded as a major push towards global adoption. The move may trigger institutional interests and usher a wave of positive regulations from governments around the world.

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Source: https://zycrypto.com/does-bitcoin-founder-satoshi-nakamoto-deserve-a-nobel-prize/

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US Homeland Security Signed $1.3M Deal With Coinbase Exchange

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The US Homeland security signed a $1.3 million deal with the Coinbase crypto exchange and this new deal is about 40 times bigger than the last so let’s read more in our latest Coinbase news today.

Coinbase will provide the Immigrations and Customs Enforcement branch with a new blockchain analytics software but the exchange also provided new software to the US Secret Service and the Inland Revenue. The Immigration and customs Enforcement branch from the US Homeland Security got a $1.36 million contract to the exchange giant for business application and development software as per the Federal Procurement Data system.

The new deal is the biggest federal contract for Coinbase crypto exchange just yet. The deal was signed on Thursday and it is worth around 40 times more than Coinbase’s last contract with the US Homeland Security branch. The ICE also paid Coinbase $29,000 for the forensic software and as per the document dating from August 3, the contract was given to the exchange on the basis that the company is the only vendor that can provide services required by the agency. Details as to what the ICE wants Coinbase’s software for is still uknown. The same document stated:

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“This requirement is LAW ENFORCEMENT SENITIVE[sic], therefore minimal information will be provided publicly.”

ICE is not the first governemnt agency to request the services from coinbase. Coinbase announced that it wants to sell analytics tools to two US government branches: The Drug Enforcement Agency ad the Inland Revenue Service. The IRS also stated that it could use a few analytics tools to help catch the more tech-savvy tax dodgers including “Coinbase Analytics” known as Neutrino. Coinbase acquired it back in 2019 for $13.5 million and it was quite the controversial acquisition at the time since the Neutrino members were linked to an Italian organization dubbed HAckign Team that sold spyware to authoritarian regimes like Sudan, Venezuela, and Saudi ARabia.

Coinbase CEO Brian Armstrong expressed his regret for the purchase and sacked some of the more dubious members of the team. Coinbase sourced analytics software deals with the Secret Service and the IRs. Now the exchange is getting into million-dollar deals with the federal governemnt again.

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DC Forecasts is a leader in many crypto news categories, striving for the highest journalistic standards and abiding by a strict set of editorial policies. If you are interested to offer your expertise or contribute to our news website, feel free to contact us at [email protected]

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Source: https://www.dcforecasts.com/coinbase-news/us-homeland-security-signed-1-3m-deal-with-coinbase-exchange/

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