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Will Bitcoin retest its 2017 all-time-high? Meet the robot that flies: Decentralize Brief, Oct. 29–Nov. 2

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Published twice a week (Mondays and Fridays), Decentralized Brief  is a curation of the most important news story in the world of Crypto, Blockchain and AI. Subscribe for the newsletter here and read our previous curations.

Happy New Month!

This week’s Decentralize Brief update includes Bitcoin closing above its $13K resistance level of 2017. AI powered robots doing some pretty interesting things. From fixing roads to understanding 100 languages.

Crypto and blockchain brief

Heading for the top🚀

Unfazed by the uncertainty surrounding the cryptocurrency market due to the 2020 US election, Bitcoin keeps on surging high. On the monthly chart, the crypto market unicorn, closed above $13K for the first time since the 2017. Traders have often emphasized how important the $13K level is, and how it can determine if the largest cryptocurrency by market capitalization, will see further price movements this year.  The question now borders on whether Bitcoin will retest its nearly $20,000 all-time high of 2017. 

How well do you know about Bitcoin?

On the 31st of October, 2020, Bitcoin’s whitepaper clocked 12 years since it was released by the pseudonym founder, Satoshi Nakamoto in 2008. Not long after the white paper’s release, the first block of Bitcoin was mined. To read the white paper, click on the link below to download it.

Bitcoin – A Peer-to-Peer electronic cash system.

US loss is China’s gain

Bitcoin maximalist and influencer, Anthony Pompliano, in his YouTube show “Lunch Money”, joined the Central Bank Digital Currency (CBDC) debate, commenting that the US cannot afford to take a back seat in the pursuit of developing a Central Bank Digital Currency, and stressing that it needs to happen immediately. China, on the other hand, is finally setting its eyes on launching its CBDC: the “Digital Yuan”, after the recent launch of a successful pilot program that has seen over $30o million transactions processed so far. Chinese technology giant, Huawei, has also announced that its newest smartphone will come with an inbuilt wallet for the Digital Yuan, and will support offline transactions.

Shifting the discourse, how about African countries? Is the CBDC something we should expect soon?

We did an in-depth article on the feasibility of adopting a Central Bank Digital Currency in Africa.

Subscribe to “Decentralize Brief” and stay up-to-date on emerging tech from the world of Crypto, Blockchain and AI published Mondays and Fridays.

Artificial Intelligence brief

Creating better roads with AI

A company called Robotiz3D, is planning to build a self driving robot that will fix potholes. The robot will also be able to tell if a particular patch of the asphalt is about to have a pothole plunged into it. It will fix potholes in minutes and maintain easy flow of traffic. 

Hawk inspired robot that is just as agile.

Enrico Anjanic has built a drone with wings. The drone, which was inspired by a hawk, can fly for 7 hours without recharge. The nature of the drone makes it require less battery power than  conventional drones.

Facebook’s new polyglot AI can translate between 100 languages. 

A new Facebook AI has been trained with 7.5 million sentence pairs. The AI does not need English as an intermediate to translate. For conventional AI to translate from French to Chinese, it first translates to English, and then to Chinese. Facebook’s AI doesn’t need to go through English before translating over a 100 languages.


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Have a great week! 

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Decentralize Brief

Bitcoin trades above $51k ahead of El Salvador’s adoption

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Bitcoin growth

Bitcoin price has rallied above $51,000 ahead of El Salvador’s adoption. The immediate surge in price may be due to the social media campaign that everyone should buy sats of Bitcoin to support El Salvador’s plan to make the coin a legal tender or it may be due to the news of El Salvador’s adoption of the coin as a legal tender on September 7. Users of social media platforms like Twitter and Reddit are discussing how they will buy Bitcoin of $30 each to mark the new El Salvador Bitcoin law.

The surge in Bitcoin’s price began in the last 24hrs with the price rallying around $51,955 with a 3.37% increase. This is an all-time high after the April crash that brought the price of Bitcoin from $64k down to $28k. The move by El Salvador to be the first country that accepts Bitcoin as a legal tender and the social media campaign that leads to a surge in price ahead September 7 are a repetition of events that occurred late last year and early this year with regards to institutional investors and how the price of Bitcoin skyrocketed.

El Salvador, a country in Central America, has been preparing heavily to adopt Bitcoin by installing ATMs to allow citizens to convert the token into US dollars. Last week, the country’s Legislative Assembly passed a law to allow for the creation of a $150m Trust to support the conversion of Bitcoins to US dollars.

To promote the use of Bitcoin, the government states that it will give the adult population of El Salvador $30 in Bitcoin once they download “Chivo” the wallet issued by the government. This was confirmed by the Finance Minister, Alejandro Zelaya.

What this means for Bitcoin investors

Apart from the adoption by Salvadorians, on-chain analytics show that Bitcoin is in high demand. The fourth halving that occurred will make Bitcoin become a scarce token in the nearest future. Thereby increasing the price sporadically.

With El Salvador’s interest in Bitcoin, other countries are likely to follow suit- Panama is considering following El Salvador’s lead. History will repeat itself as this development will serve as another crypto rout that occurred early this year when Tesla and MicroStrategy announced their support for Bitcoin.

El Salvador’s new law allows the use of Bitcoin as a legal tender it can be used to buy goods, pay for taxes and bank loans. This means more demand for Bitcoin, with the fourth halving that occurred, it means less supply. A common rule of economics for demand and supply will apply. Prices are projected to keep rising. At the time of writing this report, Bitcoin is trading at $51,839 with a projection of $52k before the end of today and higher tomorrow when Salvadorians begin to use the token.

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Why some people thinks AI still lack common sense – Decentralize Brief Nov. 16 – Nov. 23

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Published twice a week (Mondays and Fridays), Decentralized Brief  is a curation of the most important news story in the world of Crypto, Blockchain and AI. Subscribe for the newsletter here and read our previous curations.

This week, we learn how to teach your AI to drive, why some people think AI still lacks a lot of common sense, and the vacuum cleaner that could be listening on your conversations.

Teaching robots to drive

Robots can now learn complicated tasks by just watching a couple of demonstrations that might not be even perfect. The new system designed by researchers, helps a domestic robot, for example, to learn how to do basic chores or even set the dinner table.

New test shows AI still lacks common sense

When it comes to natural language processing, AI has undoubtedly been taking great strides. However, does AI really understand what it reads? Researchers have discovered that AI still lacks a lot of common sense it needs to create plausible sentences.

Your vacuum cleaner could be listening to you

It turns out that your vacuum cleaner could be hacked and used as a listening device, since it has a microphone. A group of researchers at the Computer Science Department of the University of Maryland, recently demonstrated this.

AI has definitely come a long way, and people’s reactions to the disruptive technology, are quite mixed. Whilst some are trying to key into the technology as it is looking to be a major part of the fourth industrial revolution, others are wary of its impact. 

Mini brains that help AI feel pain and repair itself

Scientists from Nanyang Technological University, Singapore, have designed a brain for AI that will help it process and respond to pain. The system, which is considered to be a mini-brain, will help computers feel pain exerted by physical pressure. It can also help the computer do mini repairs. 

Nigerian artificial intelligence and robotics centre

Africa’s most populous country, Nigeria, has built an AI and robotics centre in preparation for the fourth industrial revolution. The centre was built in the country’s capital, Abuja. 

Pope urges Catholics to pray that AI doesn’t rebel against mankind 

One of the Pope’s prayer points for the month of November is for advanced technologies like AI to avoid rebelling against mankind. The Pope says future technologies should not cause inequality between humans, but should respect the dignity of all humans. As such, he has urged Catholics to pray that AI will always serve humankind.

Students discover a way to fool AI into changing grades.

An AI algorithm that marks essays has been outwitted. An online platform for virtual learning that uses AI to grade essays, has been discovered to actually grade based on relevant keywords. Once these keywords are in the essay, the AI gives students a perfect score. 

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Decentralize Brief

Did AI predict U.S. elections correctly? Cryptocurrencies will become a Fintech trend by 2021

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Published twice a week (Mondays and Fridays), Decentralized Brief  is a curation of the most important news story in the world of Crypto, Blockchain and AI. Subscribe for the newsletter here and read our previous curations.

Hey there! Happy New Week!

In today’s curations: AI predictions for the Nov. 3 US presidential election were not accurate and we shared why cryptocurrencies will be an inevitable fintech world in 2021

Curated Samuel Attah, Bolu Abiodun ✍

Did AI correctly predict the next U.S. president

2020 US election chart
Dodo Ahanu (FLICKR)

Different AI firms have predicted the U.S. elections based on sentiments on Twitter. While most of them predicted that Joe Biden would win the election, the numbers compared to the actual polls were not very accurate. A company called KCore Analytics, used about 1 billion tweets to predict the elections, and the company was about 89.5% accurate. 

Cockroach and Lizard robots

Cockroaches and lizards have inspired the creation of a robot. The robot can swim, run on water at incredible speeds, and crawl on difficult terrains. The robot, which is known as the AmphiSTAR, is envisioned to help out with agricultural projects as well as search and rescue missions.

Training AI just the way we train dogs

A robot named ‘spot’, can now teach itself how to perform tasks the same way dogs are taught to sit, stand, roll over and do other tricks. Computer scientists at the John Hopkins University, stated that the robot taught itself to perform tasks that would have normally taken several months, in a few weeks. 

Cryptocurrency could be one of the biggest fintech trends of 2021.

Cryptocurrency like Bitcoin, Ethereum, Ripple
Cryptocurrencies (FLICKR)

The CEO of Token Metrics, Ian Balina, has said that “The most important fintech trends in 2021 will be cryptocurrencies.” Balina says bitcoin will surpass its all-time high of $20,000, and gain massive mainstream attention. With a lot of big players like PayPal, Square, Facebook and Samsung endorsing the currency, it shows that Bitcoin is mature for the mainstream.

Cryptocurrencies you can invest in before the year runs out

It has been a remarkable few weeks in the world of cryptocurrencies. We’ve seen Bitcoin on a rampage, and other currencies like Ethereum, following suit. In light of all the positivity trailing the crypto community, in no particular order, here are some of the currencies that can currently be invested.

Lunch Time Read:

  • When it comes to elections in Africa, the tales carry enough tragedy— from deep electoral malpractices to violence. Jerry Ojumah has one of such tales, and this is why he used his ingenuity and creativity to create an election process that could afford Africa a chance at the limelight.
  • Extended Reality is still a far-fetched technology, in Africa, however, it’s gradually taking a spot in countries like Nigeria.

Have a lovely week!

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Subscribe to “Decentralize Brief” and stay up-to-date on emerging tech from the world of Crypto, Blockchain and AI published Mondays and Fridays.

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