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Ripple’s XRP Hits New Milestone As 80% Of Validators Are Now Being Run By Third-Parties

People in the cryptocurrency market have always wondered if XRP was truly decentralized or not. The biggest concern was related to validators being owned by Ripple itself, however, XRP has recently just hit a tremendous breakthrough where 80% of its validators are not owned by Ripple. According to the XRP’s Validator Registry, only about 20% of the validators are controlled or associated with Ripple. Validators are nodes that participate in the consensus process of Ripple to validate transactions. This is one of the most important tasks to maintain the XRP network.  Ripple allows operators to associate any node with any specific domain that is under their control. According to the official website, this encourages trust and transparency. The Ripple team stated that they are actually planning to reduce their presence even more and eventually to leave the process to third-parties entirely. The cryptocurrency exchange, CoinField has recently launched an XRP validator and has reportedly been working on a new project based on the XRP ledger. According to the official announcement on Twitter, Coinfield said the project will be a game-changer.  “We have a great team of advisors in our upcoming #XRPL project. All well-known figures in #cryptocurrency space. I’ll be thrilled to announce the names & the details of the project very soon. This will be a game-changer!” Ripple’s XRP has seen a 32% loss in price this year, currently trading at $0.279. A big loss compared to most of the other top cryptocurrencies which have experienced a pretty significant increase in price this year. Fortunately, the adoption of XRP seems to be increasing, in fact, the company recently invested $750,000 in the cryptocurrency wallet, BRD, to boost XRP adoption.  “The partnership and investment will enable BRD users to hold, buy, sell and send XRP to anyone in the world’’ Stated the press release. The post Ripple’s XRP Hits New Milestone As 80% Of Validators Are Now Being Run By Third-Parties appeared first on ZyCrypto.

Derivatives Trading Support Now Available on Updated Bitfinex Mobile App

Bitfinex, a cryptocurrency exchange, has made announcements of optimizations to their application and also the latest updates. The trading platform presented the latest version of their application Bitfinex on Oct. 11. It includes derivatives trading support and in-app access to the Bitfinex Reports 2.0. This latest version is said to assist a lot in terms […]
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Now Hiring: People Who Can Translate Data Into Stories and Actions

MassMutual, a $30 billion per year life insurance company, had a problem. It was 2013 and, along with the rest of the insurance industry, it was bedeviled by fraud. According to FBI estimates, fraud sets the U.S. insurance industry (and policyholders) back by $40 billion a year. “We had to get much better at detecting fraud in real time,” says Sears Merritt, MassMutual’s chief of technology strategy and data science. So MassMutual launched an innovative collaboration between the company’s data scientists and its line managers. They created a new role, product managers, who act as translators between the data analysts and the day-to-day decision-makers who run the company’s various lines of business. At the outset, the product managers gathered information from each department—life, disability, long-term care, and so on—and explained to data analysts exactly what was needed to spot, and thwart, fraud in each area. The data scientists then culled and customized the relevant numbers, which the product managers helped line managers translate into specific antifraud moves. Now MassMutual relies on this approach companywide, far beyond fraud detection. It works “in every process, in every line of business from marketing to underwriting to claims,” says Merritt. “The results have been really impactful.” The collaboration between data scientists and line managers has pinpointed inefficiencies and identified new pathways to growth. That has boosted MassMutual’s revenues and profits by “tens of millions of dollars,” says Merritt, and the product managers “have been crucial to making it happen.” Data is proliferating at warp speed, but data literacy among managers and executives hasn’t caught up. That’s why data translators have, according to the Harvard Business Review become a “must-have analytics role.” Even if you’ve never heard the term data translator, you may already be working with one. Because they go by so many different titles—like MassMutual’s product managers—no one knows how many translators exist right now. But there’s no doubt that people who are adept at interpreting data for practical use in the real world are a hot commodity. By 2026, the McKinsey Global Institute predicts that there could be a demand for 2 million to 4 million translators in the U.S. alone. At the moment, hiring translators isn’t easy. That’s partly because the job requires a unique combination of skills, usually including both a strong grounding in data science and a talent for boiling complex ideas down to clear, practical choices. They’re so rare that translators “belong to a category recruiters call ‘unicorns’,” notes Brad Stillwell, vice president of product strategy at Birst, a unit of global cloud software giant Infor. Stillwell has hired a number of translators in his 18-year career. He notes that though artificial intelligence can be used to advise line managers on some issues and answer some of their data-related questions, it can’t replace humans. “There is still an art to it,” Stillwell says. “Business decisions often have to be made based on incomplete information, using intuition and creativity, and without much time. So the ideal translator is equally adept at both left- and right-brain thinking.” That’s why “liberal arts graduates, collaborating closely on a team with data analysts, often make great translators,” Stillwell says.”Someone who majored in history may not know how to do a linear data progression, but they often do know, from studying historical data, how to spot patterns and infer where the data might lead.” As if a mathematical bent and a knack for communications together weren’t scarce enough, the most effective translators bring with them one more thing: a thorough knowledge of the business they’re working in. Without that level of information, they won’t be able to understand what line managers need to glean from the data and why. People with this trifecta of talents are so scarce—so not just unicorns but pink unicorns with purple polka dots—that many companies have given up trying to hire translators from outside and are training them in-house instead. McKinsey, for instance, launched its own internal academy a few years ago, which now turns out about 1,000 data translators annually. MassMutual has taken this route, too. The insurer launched its Data Science Development Program (DSDP) in 2014, in partnership with five colleges near its western Massachusetts headquarters. After a data-intensive three-year curriculum at the schools, including Smith, Mount Holyoke, and UMass Amherst, graduates join MassMutual as junior data scientists, while attending grad school in data science at the same time. The new hires work alongside senior colleagues on applying data to the everyday, real-life business challenges that MassMutual line managers face. The DSDP program, which has about 20 people and a handful of grad students at any given time, offers training in both data science and translation. “Algorithms can only tell you what business problems you can solve,” says Sears Merritt, who runs the program. “But human judgment and intuition can go way beyond that, and tell you what problems you should solve.” The story behind data In the years ahead, we may all need to learn some data translation skills. “We need a new generation of executives who understand how to manage and lead through data,” says Salesforce CEO Marc Benioff in Nancy Duarte’s new book, DataStory: Explain Data and Inspire Action Through Story. “And we also need a new generation of employees who are able to help us organize and structure our businesses around that data.” Just about every job, in other words, will call for data-translation skills that most employees haven’t used, or needed, yet. Of course, some people have a natural ability to render dry facts colorful and interesting, especially the born raconteurs among us. Nancy Duarte, head of Silicon Valley communications firm Duarte, Inc., believes that storytelling—turning plain, eye-glazing heaps of data into a vivid tale its audience can easily grasp and remember—works better than most other translation techniques, especially when it comes to persuading people to take a specific course of action. That’s because the human brain is apparently hardwired to crave narratives with plots that include a beginning, a middle, and an end. “MRI images show that telling a story based on data lights up the human brain in a way that data alone just can’t match,” she says, adding that data is “useless without human experience and judgment. If we relied solely on machines to make decisions, they’d all be the wrong ones.” More must-read stories from Fortune: —Apple CEO Tim Cook has plenty to say as new hardware looms—How Russian PR firms plant stories for companies in U.K. news outlets, social media—Behind the ouster of eBay’s CEO? A trend every tech company should pay attention to—From porn to scams, deepfakes are unnerving business leaders and lawmakers—Why Apple is offering cheaper streaming and iPhonesCatch up with Data Sheet, Fortune’s daily digest on the business of tech.

Coinbase Custody Now Supports Maker (MKR) and MakerDAO’s Governance

Coinbase Custody keeps adding new options for its clients. Around six months after letting the clients use a crypto staking service for the assets that were being held by the company, Coinbase Custody has recently announced staking support for MKR tokens as well. MRK the native token of the MakerDAO network, famous for its DAI […]
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U.S.-China Trade War Ceasefire Called–At Least for Now

The United States is suspending a tariff hike on $250 billion in Chinese imports that was set to take effect Tuesday, and China has agreed to buy $40 billion to $50 billion in U.S. farm products as the world’s two biggest economies reached a ceasefire in their 15-month trade war. The announcement follows negotiations this week in Washington, in which China was widely seen as willing to make peace as long as President Trump didn’t follow through with a planned escalation of tariffs on Chinese imports. This is the second ceasefire the two countries have called in their protracted trade war, which has riled economies worldwide. A truce was declared in June, only to be upended with tit-for-tat tariffs and recriminations. For now, the two countries are leaving the thornier issues—including U.S. allegations that China forces foreign countries to hand over trade secrets in return for access to the Chinese market—until later negotiations. U.S. tariffs on $250 billion in Chinese imports were set to rise Tuesday from 25% to 30%. China previously hit back by targeting about $120 billion in U.S. goods, focusing on farm products. More must-read stories from Fortune: —State Department move to block impeachment inquiry testimony cracks. —Trump pressured recall of U.S. ambassador to Ukraine questions for —Impeachment inquiry: What’s Rudy Giuliani’s role as Trump’s personal attorney? —For big gig economy companies, California is no longer a Golden State—3 questions for whistleblower advocate Joe Kostyack—How whistleblowers have taken down titans of American businessFollow Fortune on Flipboard to stay up-to-date on the latest news and analysis.

Binance Unveils XRP/BNB Trading Pair Now Available on Binance DEX

Coinspeaker Binance Unveils XRP/BNB Trading Pair Now Available on Binance DEXThe chief among other cryptocurrency exchanges by volume, Binance, released a statement on Thursday to notify all and sundry that a new trading pair has been included in its decentralized exchange (DEX), and this will be the second cryptocurrency to be accorded such privilege.The trading pair XRP-BNB is listed as XRP-BF2, and Binance has already minted 10 million of the pair for its decentralized exchange. Before XRP-BF2 came along, Binance had added a Bitcoin pegged variant, BTCB, in June 2019.If at any time in the future the need to off-board XRP-BF2 arises, Binance presents as the only way, though the company is currently using partner wallets to add swap channels.In other news, Binance has been in the headline since this week after it introduced a peer-to-peer payment system from WeChat and Alipay, two big messaging platforms in China. At the moment, only Bitcoin-for-Yuan trades are allowed.Ripple under Fire for False Relationship Claim to XRPRipple Labs made a claim that has put it under scrutiny, stating falsely that it is responsible for the discovery of the XRP token. This claim has been proven to be untrue as the Lab only aided in its creation.This has got the attention of Nic Carter, the co-founder of, who angrily spoke against the lies of Ripple Labs in a series of tweets. In one of his tweets he said:“For the record, these psychopaths are still literally and without a shred of irony claiming that they ‘discovered’ XRP as opposed to having created it.”After much back and forth arguments over the discovery of XRP by Ripple Labs, attention has been drawn back to a 2018 article written by attorney Preston Byrne, which is expected to shed light on the truth.In Byrne’s article, the history of the Ripple network was uncovered alongside that of Ripple Labs and XRP. The incorporation records and founders’ agreement documents were also examined in order to get to the truth. After going through the papers, Byrne revealed that:“No ‘Official Ledger’ containing XRP or any transactions on the ledger, which is today used as ‘XRP’ existed before Ripple Labs, Inc. (initially named Newcoin Inc.) was incorporated on 19 September 2012.”With this statement of fact, the words of Brad Garlinghouse, Ripple CEO, during an interview claiming that the XRP ledger was already in existence before the company, Ripple, came to be has been proven to be false.Binance Unveils XRP/BNB Trading Pair Now Available on Binance DEX

5,200 Tobacco Shops in France Now Sell Bitcoin

Bitcoin can now be purchased at 5,200 tobacco shops in France. Fintech startup Keplerk launched the service on Oct. 10 after halting it for many months. France’s 24,000 licensed tobacco shops have diversified into non-tobacco products to boost revenue. Also read: IRS Issues New Crypto Tax Guidance – Experts Weigh In Buy Bitcoin at Tabacs French fintech startup Keplerk announced Thursday that it has resumed service selling BTC at “Tabacs” in and around Paris, after halting the service earlier this year. A Tabac is a convenience store licensed to sell tobacco products. These stores also sell newspapers, lotto tickets, scratch games, telephone cards and postage stamps. Keplerk wrote: You can go to one of the 5,200 tobacco shops today and easily buy your €50 €100 or €250 vouchers. A payment terminal at a Tabac. All 5,200 stores are equipped with a payment terminal from Keplerk’s partner, Bimedia, a payment solution provider for Tabacs. According to local media, Keplerk will focus on selling only BTC for the time being, and will not be offering ETH as previously planned. Map of Tabacs where BTC vouchers are sold. Source: Keplerk. The Original Launch and Regulatory Warnings Keplerk first announced in November last year that it would sell bitcoin at Tabacs. The firm then started selling BTC vouchers at a handful of tobacco stores in January. At the time, cofounder Adil Zakhar said he wanted to enroll up to 6,500 Tabacs by February. However, instead, the firm halted the service on Feb. 27. Its official reason for suspending the service was that the system was too slow. The startup planned to relaunch the service in April, but it was delayed until this month. With dwindling tobacco sales, France’s 24,000 licensed tobacco shops have diversified into products such as prepaid credit cards, cellphone credits and money transfer services, Reuters explained. “Some people find it complicated to get bitcoins on-line,” Zakhar was quoted by the news outlet as saying. “They trust their local tobacco shop owner more than they would trust some remote anonymous website.” Following the firm’s original announcement, three French regulators — The Autorité des marchés financiers (AMF), the Banque de France and the Prudential Supervision and Resolution Authority (ACPR) — issued statements warning the public of the risks associated with investing in speculative digital assets. Local media reported that the authorities also alerted consumers not to confuse Keplerk with other regulated entities in France such as Kepler Cheuvreux and Kepler Capital Markets which have no connection to the fintech company selling BTC. In its March public warning, the AMF explained: “Cryptocurrencies are booming and many platforms on the internet offer to invest in these very special assets. But this type of investment has many risks: volatility, scams, etc. All you need to know before you decide.” Keplerk is not the only firm in France offering such a service. Digycode has been selling BTC, ETH, XRP, LTC, and DASH vouchers at thousands of Tabacs and service stations in €20, €50, and €200 denominations. What do you think of tobacco shops selling cryptocurrencies? Let us know in the comments section below. Disclaimer: This article is for informational purposes only. It is not an offer or solicitation of an offer to buy or sell, or as a recommendation, endorsement, or sponsorship of any products, services, or companies. does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article. Images courtesy of Shutterstock and Keplerk. Did you know you can buy and sell BCH privately using our noncustodial, peer-to-peer Local Bitcoin Cash trading platform? The marketplace has thousands of participants from all around the world trading BCH right now. And if you need a bitcoin wallet to securely store your coins, you can download one from us here. The post 5,200 Tobacco Shops in France Now Sell Bitcoin appeared first on Bitcoin News.
Bitcoin News

Coinbase Custody now supports Maker Governance

Coinbase Custody continues to pioneer active crypto-network participation directly from our industry-leading offline storage. Starting today, all clients who hold MKR in their Coinbase Custody account can participate in Maker Governance. We’re especially excited to launch this capability ahead of the upcoming MakerDAO MCD vote on 11/15/19.Maker voting dashboard inside Coinbase CustodyGovernance on Coinbase CustodyTo date, crypto asset managers have been forced to withdraw their funds from 3rd-party custodians to participate in on-chain governance. This has kept many would-be voters on the sidelines as these potential participants need to avoid the risk of moving assets or first-party voting solutions. Starting today, we now support our clients with the industry’s first, fully integrated governance solution that works directly out of offline storage.Coinbase Custody is fast becoming critical infrastructure for the cryptoeconomy. Governance is another step in our journey to give our clients the platform they need to fully engage with the emerging crypto asset class.Technical DetailsMarrying active participation with offline storage is another example of the fun and innovative problems we solve at Coinbase Custody. We’re excited to share some of these stories and implementation details over the coming days. To start, check out this excellent deep-dive from our Security team into how we enable staking and voting out of cold storage.If you own MKR and are looking for a way to securely participate in MakerDAO governance, you can open an account with Coinbase Custody here.Coinbase Custody is the world’s largest and fastest growing crypto custodian. If you’re interested in helping to build the utility phase of crypto, we’re hiring!This website contains links to third-party websites or other content for information purposes only (“Third-Party Sites”). The Third-Party Sites are not under the control of Coinbase, Inc., and its affiliates (“Coinbase”), and Coinbase is not responsible for the content of any Third-Party Site, including without limitation any link contained in a Third-Party Site, or any changes or updates to a Third-Party Site. Coinbase is not responsible for webcasting or any other form of transmission received from any Third-Party Site. Coinbase is providing these links to you only as a convenience, and the inclusion of any link does not imply endorsement, approval or recommendation by Coinbase of the site or any association with its operators.Unless otherwise noted, all images provided herein are by Coinbase.Coinbase Custody now supports Maker Governance was originally published in The Coinbase Blog on Medium, where people are continuing the conversation by highlighting and responding to this story.
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Litecoin (LTC) Celebrates Its 8th Anniversary!

Litecoin (LTC) is celebrating its 8th anniversary.  Eight years ago, the Litecoin Network was launched the day in which Steve Jobs, Apple’s founder, died at 56. The firs […] The post Litecoin (LTC) Celebrates Its 8th Anniversary! appeared first on UseTheBitcoin.
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Banks are Feeling Threatened of Bitcoin and for Good Reason, Tim Draper

A new opportunity for a new currency Governments have to adapt to not control through currency Venture capital investor and Bitcoin bull Tim Draper currently in an interview shared how currencies today are based on faith in the government. But Bitcoin is a currency that isn’t backed by the government rather frees us from that […]
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Bitfinex and Tether Lawsuit Analysis: The Severity of Roche Freedman’s Case

Stablecoin firm Tether and its associate exchange Bitfinex have received a suit filed by a New York-based legal firm Roche Freedman against Tether token (USDT, stating that it is engaged with market manipulation as the consequence of an unpublished paper. The case encloses that the above-mentioned firms were involved in a “sophisticated scheme” on account […]
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Ripple Consolidates its xRapid, xCurrent and xVia Features Under One Network; RippleNet

Ripple recently announced the consolidation of its services within RippleNet offering. The blockchain-oriented firm known for its convenient transfer features in the blockchain ecosystem made these changes to enhance service delivery to clients. The New Ripple Network Outlook A spokesman from Ripple noted that besides the change of name, the firm had sought to make […]
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