Artificial Intelligence Platform Ritual Looks to ‘Decentralize Access to AI’ With $25M Backing

news Sumitomo Mitsui Banking Corporation (SMBC), Japan’s third-largest bank by total assets, will launch blockchain-based trade finance services in the second half of this year. SMBC’s vice chairman Yasuyuki Kawasaki announced the news at a recent fintech seminar in Tokyo, saying that the bank will roll out new services for import and export companies using…

Jul 30, 2020 at 19:00 UTC(Scott Rothstein/Shutterstock)The Bond Market Is the Truth Teller No One Heeds, Feat. George GoncalvesA veteran bond strategist gives his take on why the bond market has a better read than equities on short-term and long-term macro trends. For more episodes and free early access before our regular 3 p.m. Eastern time releases,…

BOTTLENECK: If too many bitcoin transactions are sent at one time, miners prioritize ushering through those with higher fees. Those with smaller fees must wait. (Credit: Shuttertsock) BitMEX Is Making Bitcoin Network More Expensive for Everyone, Researcher FindsEvery day, around mid-morning New York time, the average fee bitcoin users worldwide pay to send the cryptocurrency…

The crypto boom in the final months of 2017 woke up millions of people to the idea that you could get rich from your phone. In December alone, three million people downloaded the app for Coinbase, the main American crypto exchange. Coinbase had been much smaller and less popular than Robinhood, but in December, it

Letters of support for Binance co-founder CZ have poured into a Washington court requesting leniency in his sentencing tomorrow.Zhao's lawyers have requested their client be sentenced to probation only, but prosecutors are asking the judge to send him to prison for three years.Violating the Bank Secrecy Act (BSA), which Zhao pleaded guilty to last November

opinion This essay is presented as a part of No Closing Bell, a series leading up to Invest: Asia 2019 focused on how the Asian crypto markets are interacting with and impacting global investors. To keep the conversation going in person, register for Invest: Asia 2019 coming up in Singapore on Sept. 11-12. Since the cryptocurrency boom…

news “Half of the audience here is like, ‘I hope you die in a fire.’” As a libertarian, comedian and podcast host Dave Smith has a lot of common ground with bitcoin enthusiasts, who have a reputation for having a libertarian bent. But when he and others argue that bitcoin isn’t going to replace government-issued…

Oct 29, 2020 at 14:00 UTCAlex Pack, a former managing partner at crypto investment firm Dragonfly Capital(CoinDesk)Alex Pack, a former managing partner at crypto investment firm Dragonfly Capital, has joined Huobi Group as a corporate investment advisor to help the firm behind the world’s top centralized exchange by derivatives trading volumes to invest in decentralized…

Cryptocurrencies continued their rebound higher on Thursday with bitcoin (BTC) nearing $60,000 for the first time since last weekend's carnage. Bitcoin advanced 6.4% over the past 24 hours, currently changing hands at $59,500. Ether (ETH) topped $2,600, up 8.8% during the same period, snapping its losing streak against BTC. The broad-market benchmark CoinDesk 20 Index