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Atomic swaps: what it is and how they work

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Many specialists in the developer community are working on a new function called atomic swaps. These swaps completely eliminate the need for third parties to participate in the exchange between blockchains of various crypto currencies and transfer the reins of the trade directly to the user. In recent months, much has been said about the revolutionary idea, known as internetwork atomic swaps. Atomic swaps are a new technology that is still in development, allowing P2P trading between different types of digital assets.

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Bitmain engaged in the development of artificial intelligence

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Leading manufacturer of equipment for mining, Bitmain, announced the release of the first products in the field of artificial intelligence (AI). The initiative is being implemented at the Bitmaintech Israel Research Center, the first center of the company outside of China. "We are very proud to be part of the effort to develop software for an artificial intelligence product called Sophon. Our AI researchers focused on creating a computer version and NLP solutions optimized for the Sophon platform, "said Bitmaintech Israel head Gadi Glikberg.

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Vitalik Buterin predicted the onset of the era of "tokens 2.0"

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Vitalik Buterin, the founder of the Ethereum, does not particularly believe in most ERC20-based tokens. In fact, he believes that almost all of them will disappear and sooner rather than later. But in general, Buterin is confident that the crypto currency is a bright future, as investors and developers are learning on "tokens 1.0". "This, in fact, tokens 1.0". Speaking at ETHWaterloo, the 23-year-old founder of the Ethereum reminded everyone that 90% of startups fail. Similar can be said about the tokens of the ERC20 standard. According to Buterin, 90% of the coins, which are now listed on CoinMarketCap, will soon depreciate.

The operator of the former Bitcoin Exchange Coin.mx received 16 months in prison

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One of the operators of the now defunct bitkoin exchange Coin.mx was sentenced to 16 months in prison. According to Reuters, the Ukrainian software engineer Yuri Lebedev, who lives in Florida, was found guilty of assisting in the management of an unlicensed bitcoin exchange. From the time of his arrest to the verdict handed down by District Judge Alison Nathan, more than two years have passed. Initially, he was arrested and charged with violating laws on money laundering. Pastor Trevon Gross, like Lebedev, was found guilty in March, although in the case of Gross he was charged with bribery in connection with the recently closed credit union in New Jersey, which was allegedly used to transfer funds from Coin.mx abroad.

Central Bank of Indonesia banned crypto-currencies, exchanges in the country are being closed

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Indonesian crypto-exchange platforms announced the termination of activities in connection with the announcement of the Bank of Indonesia that it does not recognize bitcoin as a means of payment. So Bitbayer, the Indonesian alternative to Bitpay, announced that it will stop providing services from November 1 and invited customers to withdraw funds by the end of October. Toko Bitcoin, which allows its customers to purchase prepaid vouchers for bitcoins, also ceased to accept crypto currency as a means of payment. Bitcoin Indonesia, Oscar Darmawan, the general director of the exchange, said that the termination of the platforms was not the result of direct intervention by the central bank of Indonesia.

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Satoshi Nakamoto could already be on the Forbes list

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Recently, the price of bitcoin exceeded 6,000 dollars, and the capitalization briefly exceeded $ 100 billion. Thus, the alleged state of the anonymous creator of crypto currency Satoshi Nakamoto exceeded 6 billion dollars, theoretically making it possible to include it in the list of the richest people in the world according to Forbes. At the current bitcoin course, 1 million coins, owned by Satoshi, would place him at 237 in the Forbes rating.

New York Stock Exchange of crypto-currency derivatives started trading

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At the stock exchange in the United States, the first regulated transactions with derivatives of crypto-currency instruments were implemented: the LedgerX platform confirmed information on the trading of crypto-currency derivatives before the sale to institutional investors in July. On the trading platform LedgerX, there are 176 swaps and option contracts traded in the first week, for amounts over $ 1 million.

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Service of blockchain-acquiring Cryptonex (CNX) is preparing to launch

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In 2017, we are seeing the active development of the crypto-currency industry. Companies strive to offer their solutions to actual problems, for example, the establishment of security and speed of conversion. However, experts in the field of blockchain come to the conclusion that there is a question that has not been resolved so far. It's about acquiring. Instead of waiting for the world's commercial companies to approve the crypto currency as the main means of payment along with Fiat, ambitious developers are already proposing projects that can change the situation.

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The organizer of business flights Star Jets International opened a payment in bitcoins

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Star Jets International LLC now accepts bitcoin payments for private jet flights. The company is a wholly owned subsidiary of Advanced Defense Technologies, Inc. Customers who use Star Jets get to leverage all the advantages of using a corporate jet, according to an Econotimes article.  Furthermore, customers have access to over 5,000 jets domestically and roughly 15,000 across the globe. The company allowing bitcoin transactions may now open up a new realm of possibilities for the company along with a new customer base.

Charlie Lee criticizes Bitcoin Cash for trying to be called "real" bitcoin

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October 17, Bitcoin.com published a contradictory statement, which stated that it was Bitcoin Cash that should be called bitcoin. In response, leading industry experts, including the maker of lightcore, Charlie Lee (Charlie Lee), criticized such attempts. Bitcoin Cash was launched in early August from hard fork bitcoin, which supported several major mining pools, including ViaBTC and Bitmain. Since then, the support and demand for Bitcoin Cash has decreased significantly, which is noticeable in terms of the hash and market capitalization of the crypto currency.

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