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AI & Crypto Newsletter - Issue #21

AI & Crypto Newsletter
AI & Crypto Newsletter
Brazilian Police Seize $28M in Crypto-Ponzi Scheme
Brazilian Federal Police have successfully completed one of the largest seizures of digital currency in the nation. 
According to a report from CNN Brazil, the Federal Police broke up a cryptocurrency Ponzi scheme and seized nearly $30 million in digital funds. In what the police called “Operation Kryptos,” an investigation of a pyramid scheme was carried out by the Lakes Region of Rio Federal Police. The confiscated funds will immediately be liquidated and made available to the courts. 
Operation Krypto saw officials carry out 15 search and seizure warrants, which were carried out on August 24. On top of the seized cryptocurrency, 21 luxury vehicles were also confiscated, along with a collection of watches and jewellery. Foreign currency in excess of $3 million and various documents were also collected by the Federal Police.
Continue Reading: Yahoo Finance
By Matthew De Saro
Hashtags: #Cryptocurrency #Crypto #digitalfunds
How to make AI more ethical
A recent Pew Research study found that a majority of experts and advocates worry AI will continue to focus on optimizing profits and social control and will not likely develop an ethical basis within the next decade. And in an academic study earlier this year, researchers from Cornell and the University of Pennsylvania found that two thirds of the machine learning researchers indicated AI safety should be prioritized more than it is presently. They also found that people are willing to place trust in AI when it is supported by existing international bodies such as the UN or the EU.
Some of these worries are based on early AI models that showed unintended biases. For example, Twitter’s algorithm for selectively cropping image previews showed an apparent bias for certain groups (Twitter later independently evaluated the algorithm and decided to take it down). Similar biases have been found not just in computer vision, but virtually all domains of machine learning.
Continue Reading: VentureBeat
By Ali Akhtar - Samsara
Hashtags: #AI #EthicalAI #MachineLearning
Image Credit: Wayra/Getty Images
Image Credit: Wayra/Getty Images
Is your cryptocurrency a security or a commodity?
The Ripple lawsuit that has been going on for quite a while now has triggered a fundamental question about cryptocurrencies. This question is whether the cryptocurrency you are holding is deemed to be a security or a commodity. So, you might be wondering what the difference between the two is? In the case of commodities, you get a significant value/use out of the coin’s derivatives. On the other hand, security gives you a share of the company. For example, if XRP is considered a security, owning it technically makes you a shareholder of Ripple.
Regulation in the US
After this debate on what is a security and what is not, it has been important to note that recent crypto growth products will fall under one of the two. If it falls under securities, then it will be regulated by the SEC. And if it falls under commodities, then all is good as it won’t be regulated. The CFTC only regulate the derivates of the commodities, which makes it clear that Bitcoin won’t be regulated directly. This is because they don’t even have the authority to regulate cash commodities, said the CTFC commissioner.
Continue Reading: TechStory
By Reshab Agarwal
Hashtags: #cryptocurrency #Regulatory #Security #Ripple
Startup Highlight: Roboflow - US
Roboflow is a developer tool for building computer vision models faster and more accurately.
Roboflow raised $2.2 Million over 3 rounds with 7 investors.
Roboflow raised $2.1 Million in seed round on January 12, 2021.
The key team members at Roboflow include:
Joseph Nelson - Co-Founder and CEO
Brad Dwyer - Co-Founder and CTO
Matthew Brems - Growth Manager
Follow Roboflow on Twitter / Linkedin / Website
Getting Started With Roboflow
Getting Started With Roboflow
Can Artificial Intelligence Give Thoughtful Gifts?
The Ex-Machina Hollywood prophecies are not something we remember with fond feelings. At the rate at which Artificial Intelligence is growing, many have a foreboding of a time in the not-too-distant future when we will be dominated by a cold, emotionless fleet of AI-powered robots. 
For many people, this has come to mean that AI is the opposite of “human.” 
This article is an attempt to study this phenomenon and to answer the question; “Can artificial Intelligence enhance humanity rather than replace it?” In a bid to do this, let’s consider one of the most sacrosanct human traditions; gift-giving. 
There are few things as beautiful as receiving or giving a thoughtful gift and there are few things quite as disrespectful as giving or receiving a thoughtless, “easy” gift. 
To examine how Artificial Intelligence comes to play in this age-old tradition, I spoke with Luan Do, the co-founder of Gossby, a leading company in the made-to-order space. 
Continue Reading: Forbes
By Annie Brown - Follow on Twitter @andreafrancesb
Hashtags: #AI #Robots #Emotions #Gifts #Tech
The Top 8 Decentralized Lending Platforms
DeFi, short for decentralized finance, describes the financial services and products available to cryptocurrency holders.
DeFi has a wealth of unconventional features that make it appealing to the crypto community, such as accessing financial services without requiring personal identification. DeFi also differs from conventional banking in how it works— no central entity controls the assets users deposit on their platform. Instead, DeFi relies on programmable smart contracts to provide financial services.
Read on to discover the best DeFi platforms we have compiled that will allow you to access financial services with your crypto assets.
C.R.E.A.M. Finance, short for Crypto Rules Everything Around Me, is an open-source DeFi platform that allows cryptocurrency holders to access financial services. C.R.E.A.M. is blockchain agnostic and runs on Ethereum, Fantom, and Binance Smart Chain.
Continue Reading: MUO
By Carly Chatfield - Follow on Twitter
Hashtags: #Blockchain #Cryptocurrency #DeFi
Startup Highlight: Makersplace - US
Makersplace is an authentic and unique digital creation platform powered by blockchain technology for digital creators.
Makersplace raised $34 Million over 3 rounds with 9 investors.
Makersplace raised $30 Million in series A on August 4, 2021.
The key team members at Makerspace include:
Daniel Chu - Co-Founder and CEO
Nash Nelapati - Co-Founder and CTO
Ryoma Ito - Co-Founder and Head of Marketing
Follow Makersplace on Twitter / Linkedin / Website
Setting up a Makersplace account
Setting up a Makersplace account
Edge computing, as known to many, has surpassed the expectation levels in terms of performance delivered and objectives achieved. Over the last couple of years, it has been a common scenario to observe companies making huge tech investments as a part of their digital transformation journey. On the same lines, cloud companies see new opportunities by fusing Edge computing and AI, or Edge AI. This form of AI has left everyone spellbound with the impact it has left behind. Virtual assistants like Amazon’s Alexa and Apple’s Siri that have dominated the world of late are a result of Edge AI Here is everything you need to know about Edge AI and beyond.
To know about Edge AI, it is important to know about AI and Edge computing individually for the sole reason that the amalgamation of the two would result in Edge AI. AI usually revolves around data transmission and computation of complex machine learning algorithms. On the other hand, Edge computing is responsible for moving AI and machine learning to the network’s edge, where the data generation and computation actually take place. With Edge AI, the final outcome is faster computing, better data security, and efficient control over the continuous operation. No wonder, why Edge AI stands the potential of enhancing the performance of AI-enabled applications. Well, there’s more to it. Edge AI also facilitates the autonomous application of deep learning models, machine learning, and advanced algorithms on the Internet of Things (IoT) devices itself – all this away from the cloud services.
Continue Reading: Analytics Insight
By Apoorva Bellapu
Hashtags: #AI #IoT #EdgeCommuting #EdgeAI
Blockchain technology: DeFi security in a hacker's market
Blockchain is swiftly becoming the go-to solution for DeFi. It’s reputation as a system so secure that is bringing cryptocurrency into the mainstream marketplace, is not unfounded. But does the buck stop here? Or are better solutions on the horizon. We spoke to Sankar Krishan, EVP and Industry Head at Banking and Capital Markets at Capgemini about the latest developments in blockchain, and which alteratives could be emerging. 
Q: Blockchain is becoming the go-to solution for digital payments. How will this affect centralised, mainstream providers?
Blockchain has emerged to become the better-trusted network for digital payments, for a variety of reasons. In particular, many of the key informational elements of payments, such as the remitter data, routing, and amount, can all be safely stored within the network – providing greater security, transparency, and traceability. Moreover, the assistance of automation significantly reduces the amount of paperwork needed for such transactions, which ultimately makes it the preferred channel for payments.
Continue Reading: Fintech
By Joanna England
Hashtags: #Fintech #Cryptocurrency #Capgemini #Blockchain
A Beginners Guide to Federated Learning
Recently, Google has built one of the most secure and robust cloud infrastructures for processing data and making our services better, known as Federated Learning.
In Federated Learning, a model is trained from user interaction with mobile devices. Federated Learning enables mobile phones to collaboratively learn over a shared prediction model while keeping all the training data on the device, changing the ability to perform machine learning techniques by the need to store the data on the cloud. This method goes beyond the use of local models that make predictions based on mobile device APIs like the Mobile Vision API or the On-Device Smart Reply, bringing model training to the device as well. A device downloads the current model improves it by learning from data from the phone it is present in and then summarizes the changes as a small focused update. Only this little update on the model is sent to the cloud, using an encrypted communication method, where it is immediately averaged with other user updates to improve the shared model. 
Continue Reading: AIM
Hashtags: #AI #FederatedLearning #data
NFTs: Blending commerce and metaverse
Gartner’s recently released Hype Cycle for Emerging Technologies report identifies NFTS (non-fungible tokens) as one of the key emerging technologies, spurring innovation through trust, growth and change. NFT enthusiasts and crypto aficionados were euphoric this week thanks to a flurry of announcements by behemoths like Visa and Facebook.
Visa’s entry into metaverse with the purchase of CryptoPunk was soon followed by Facebook’s decision to incorporate NFT features in the Novi wallet. Novi with NFT capabilities will give a big boost to Facebook’s metaverse (a connected virtual universe) goals.
NFTs have become a cynosure of all eyes. Artists, singers and even sportspersons are moving into this space. Football legend Messi has jumped on to the NFT bandwagon by launching NFT crypto art collection – ‘Messiverse’.
Continue Reading: The Economic Times
By Sharat Shandra
Hashtags: #Crypto #NFTs #Blockchain
We can see the presence and involvement of technology everywhere. Nowadays, the evolution of technology and the advent of the internet has completely changed the way we live, we wear, we eat, we see, everything. But have you ever imagined how technology, especially AI has impacted the way furniture is designed, manufactured, etc?
A variety of technologies are being used today for promoting and advertising end products from varied furniture segments. Digital catalogs integrate evolving technologies such as augmented realityvirtual reality, 3D modeling & art, mobile technology, artificial intelligenceIoT, etc.
Below are examples of how technology has impacted this field:
3D Printing
3D printing is already a broad ongoing topic in the market. It involves a type of manufacturing called additive manufacturing, in which three-dimensional geometries generated on a computer are switched into reality utilizing only the exact amount of material needed and generating shapes that would be impossible for a human being to manufacture.
Continue Reading: Analytics Insight
By Aratrika Dutta
Hashtags: #AI #AR #VR #IoT
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AI & Crypto Newsletter
AI & Crypto Newsletter

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