Your Daily Crypto News on Steemit September 20, 2017

danyelk (69)in #news • 7 years ago

Mexico: Central Bank will control Crypto Startups in the Future!
Bitcoin Cash will be available on Bitstamp in September!
Blockchain for the Health Sector to simplify the Exchange of Medical Data!
IBM before Microsoft as a leading Blockchain Company!
AI Developer Hanson Robotics integrates Blockchain!

The Mexican government is currently working on a draft proposal that would extend the powers of the central bank. Crypto currency startups and FinTech companies would be particularly affected by this measure.

According to the Mexican newspaper El Economista and Reuters, Bitcoin and other crypto currencies are not to be recognized as legal tender (according to the current state of the law). In addition, the Mexican Central Bank will be given the power to monitor companies operating with crypto currencies.

The draft proposal states (according to a translation):

Already since February, the Mexican legislator has been working on guidelines for crypto currencies. Since then, supposedly cut outs have emerged from the possible law. At present, the law will focus on "alternative measures for access to finance and investment". In March, it was said that "institutions devoted to the purchase or sale of virtual incentives" would be affected. This formulation, however, seems to have been deleted from the proposal.

According to the Mexican President Enrique Pena Nieto, the draft proposal will be passed on tomorrow. On Reuters it was said that an independent commission would consider the proposal. After this, the latter is to be passed on to the Senate.

The bank manager of Banco de México, Agustín Carstens, had also expressed his opinion in the past on crypto currencies. Crypto currencies would have to be recognized by the bank or the government to meet the requirements of a currency.

In August during a guest lecture at the Autonomous Technical Institute of Mexico (ITAM), Carstens explained that "technological development in the financial system could not be the result of innovation alone". He explained that new regulations were also necessary.

Bitstamp has issued an statement that the crypto exchange will add Bitcoin Cash to its offering. This is to be done this month. The reason for the trade in the new crypto currency is the "big increase in the consumer demand for Bitcoin Cash".

Bitstamp will offer Bitcoin Cash for trading this month

In a statement of the Bitcoin exchange, is explained that trading with Bitcoin Cash will be possible already this month. Customers of the platform can then pay Bitcoin Cash, for example, with Euro or Bitcoin (BTC). The company talked about the reasons for this move and explained that "the stability of the new fork is now emerging and we have decided to introduce BCH trading".

During the soft fork, the company advised its customers, who "want to receive BCH immediately", to withdraw Bitcoin before the hard fork. After the hard fork was executed Bitstamp then made it clear that it would also offer the trade of Bitcoin Cash. For Bitstamp, however, it was important to wait.

Bitstamp said:

Bitstamp has now confirmed that "all customers who had Bitcoin at the time of the fork can now get the same amount in Bitcoin Cash on Bitstamp".

Bitcoin Cash is the fourth new crypto currency offered on Bitstamp

Initially, Bitstamp offered only Bitcoin as the only crypto currency. Now the crypto exchange wants to open up other markets. That is why the company had added Ether to the platform last month. Already in June Bitstamp had implemented Litecoin, after it became known that SegWit will take place for Litcoin. Since January, the platform also offers Ripple.

At the moment, the price of Bitcoin Cash seems to be developing similar as the price of Bitcoin. After Bitcoin had experienced a strong up yesterday, the price of Bitcoin Cash also rose from 300 US dollars to about 450 US dollars.

The medical system becomes digital, but often isolated systems are used which make the exchange of data more difficult. In the US, researchers are therefore working on a blockchain based solution.

Medical data is increasingly being stored digitally, but in incompatible systems alone in the city administration of Boston, 26 different medical device systems are currently used. Important information is often scattered over several places and sometimes not accessible when it is most needed. For John Halamka, Chief Information Officer at the Neth Israel Deaconess Medical Center in Boston, this problem is designed to be solved by Blockchain technology. This was reported by Technology Review in "Blockchains for Health".

Halamka and researchers at MIT Media Lab have already developed a prototype system called MedRec based on a private Ethereum blockchain. It automatically controls who is allowed to view and change information about which medication a patient has to take. MedRec also solves a crucial problem that have all the blockchains of crypto currencies: the problem of the miners. With Bitcoin and other payment systems, Miner use their computer to verify data in the blockchain without this element, the system would not work. As a reward, the miners get small units of the respective currency.

MedRec also provides incentives for Miner, in which case it would be mainly for medical researchers and the staff: they will have access to aggregated, anonymised data from the patient records that can be used for epidemiological studies if the patients agree. However, the verification by mining is intensive, so that the computers used for it can consume a lot of power. In later versions of MedRec, the problem of verification could be solved in a different way.

The US IT company IBM has emerged before the software company Microsoft and the technology service provider Accenture as a leader in the implementation of the blockchain. This was announced by a study by Juniper Research on Monday.

Nearly 400 companies participated in the study, with founders, CEOs, managers and IT leaders. Among these companies, who are either actively involved in the implementation of the blockchain or already use it, have ranked 43% of IBM as the top priority. In the second place Microsoft followed with 20% and is thus clearly behind IBM.

The study reflects the active collaboration of IBM in a variety of blockchain projects with many different partners in different areas. IBM is a pioneer in research and development. For example, the IT Group recently entered into co-operation with other leading companies in the fields of autonomous driving, food, port logistics and education to efficiently implement blockhain solutions.

Roughly two-thirds of respondents said they had already invested over 100,000 dollars in blockchain technology at the beginning of the year, a total of 91% confirming that they will invest this sum in 2017. The report recommends the use of private blockchains for commercial purposes compared to public decentralized networks.

The developer of artificial intelligence, Hanson Robotics, is working on integrating a blockchain solution into his work.

According to CNBC, the new project is a marketplace in the cloud, where developers of artificial intelligence can do their work. This can then be tapped by others to optimize existing robots or to create entirely new ones. This is what Chief Scientist Ben Goertzel said on Monday.

Ben Goertzel also said:

SingularityNET is therefore a decentralized, open market for AI, in which everyone can participate, the artificial intelligence develops. This is wrapped up in SingularityNET in a SmartContract, which is based on a crypto diet. The development of the AI could then help to serve AI based robots or other software programs that require AI.

Hanson Robotics is mainly known for the development of the robot [Sophia](Hanson Robotics is mainly known for the development of the robot Sophia, one of the most developed and therefore human-like robots in the world. Sophia acts independently, is able to draw conclusions and adapts with a high learning ability both information and behavior from their environment.), one of the most developed and therefore human-like robots in the world. Sophia acts independently, is able to draw conclusions and adapts with a high learning ability both information and behavior from their environment.