Page 2,443«..1020..2,4422,4432,4442,445..2,4502,460..»

The U.S. Air Force Partners with Udacity to Develop Programs on Data Science, Cloud, Programming, and UX – IBL News

Udacity crafted an educational program focused on data science, cloud, programming, and UX.

According to the company, this program fits into the Air Force context and helps the airmen and women connect their career goals with USAFs needs.

With a force of689,000 personnel, the U.S. Air Force (USAF) seeks to radically transform and create job-ready digital talent across its entire organization.

The USAF admitted that boot camps and other in-person training methods could not update fast enough to keep pace with emerging technologies, nor could they accommodate for the constant redeployment of its personnel.

The partnership of USAFs Digital U with Udacity is resulting, according to both organizations, in increased productivity and decreased costs: 118% measurable ROI for every dollar invested in creating digital talent.

No further details were provided regarding this program.

See the article here:

The U.S. Air Force Partners with Udacity to Develop Programs on Data Science, Cloud, Programming, and UX - IBL News

Read More..

Lecturer in Computational Science and Data Science job with Institute for Applied Computational Science | 414622 – The Chronicle of Higher Education

The Harvard John A. Paulson School of Engineering and AppliedSciences seeks applicants for the position of Lecturer inComputational Science and Data Science in the Institute for AppliedComputational Science (IACS) with an expected start date of July 1,2022. This is a 12-month academic appointment for three years, withthe second two years contingent on a satisfactory performancereview during the first year.

Duties include teaching three computational or data sciencecourses per year, supervising and advising masters studentprojects, and conducting independent research in an area of thelecturers choosing. In addition, the lecturer is expected toparticipate in the activities of the vibrant communityofIACS.

We seek candidates that have strong expertise in computing usinga variety of languages and computer architectures. We appreciate arecord of teaching at the undergraduate or graduatelevel.SEASvalues diversity among its faculty, iscommitted to building a culturally diverse intellectual community,and strongly encourages applications from women andunderrepresented minorities.

Candidates are required to have a doctoral degree in the broadarea of Computational and Data Science by the expected startdate.

Required documents include:

We encourage candidates to apply by December 15, 2021 but willcontinue to review applications until the position is filled.

To apply, and for a full description, pleasevisit: https://academicpositions.harvard.edu/postings/10848

More:

Lecturer in Computational Science and Data Science job with Institute for Applied Computational Science | 414622 - The Chronicle of Higher Education

Read More..

How advanced AI tools can give organisations a holistic understanding of their data and improve compliance – TechNative – TechNative

In many ways, compliance is the cost of doing business

It doesnt generate revenue, but it is an essential part of operating effectively as a business today. Whether its industry specific regulations, or the standout regulation of our timeGDPRwe are all acutely aware of the damage, both reputational and financial, that non-compliance can cause.

GDPR has equipped employees across industries with an appreciation of the context, usage, and security of data, but there is another factor that is essential for establishing an effective data strategy, which is data discoverability. To ensure regulatory compliance, data must not only be secure, it must also be discoverable so that compliance personnel can locate all information needed to prove compliance.

Increasingly, AI tools are being harnessed to automate workflows and governance, but such capabilities can only be delivered when a strong data foundation is in place.

Whats in a label?

The key risks when it comes to compliance lie in exposing or sharing the wrong information, or failing to produce the desired information when required by auditors. To minimise these risks, it is essential that all information within an organisations systems is made discoverable and delivered in a user-friendly format.

One of the first steps to enabling this is the process of data classification. For example, invoices contain sensitive financial information so are a prime example of documents that require strict governance protocols, such as those around access and shareability. These rules can, of course, be applied on an ad-hoc basis, but this is an extremely inefficient model and prone to human error. A much more robust model is a system that inherently understands which documents are sensitive and automatically applies governance rules to them. In short, a system must understand the classification of each data asset to understand its risk profileand its here where AI tools can deliver truly transformative value for organisations.

Through the use of classification machine learning models, a data asset that is of regulatory significance can be surfaced and automatically made compliant for its entire lifecycle. While this will require some pre-labelling work, in which sensitive assets are manually labelledor automatically labelled through clustering modelsto train the classification model, the long-term benefits for organisation are clear. One only needs to consider the time cost of the average data subject access request (DSAR), which can be anywhere between 3,000 and 6,000 to realise the efficiency and cost-reduction dividends of more advanced data discovery.

Uncover hidden risks

Classification algorithms are a great way to automate compliance rules for data and information across an organisation. Put simply, if a document looks like an invoice, it will be classified as one with a high degree of accuracy. But if a regulator requires multiple documents relating to a specific asset be collated, classification will only get you so far.

For example, within asset heavy organisations, every single site will often have a number of documents that will be needed to ensure compliance, such as maintenance history reports and schematic diagrams. To ensure that each asset is compliant, companies must be able to surface all the relevant documentation, but doing so with ease for potentially hundreds of assets presents a significant logistical problem. Building on the work of the classification models, named-entity recognition can be used with machine learning models to search and discover all documents that contain a specific asset code, bringing unstructured data into the compliance automation process.

Know the rules

Of course, before embarking on any machine learning project, it is essential that compliance requirements are fully understood. Its easy enough to make a model that will search for asset codes, but when there are specific regulatory nuances to consider, subject matter experts must be consulted for each area of compliance.

One compliance model will look very different to another when it relates to an entirely separate regulatory framework. Water companies, for example, must ensure compliance with Ofwat regulations and manufacturers must comply with a multitude of ISO standards for their products. Organisations may also have their own compliance policies that relate to business best practices or mission statements around the usage of data.

In each case, an initial discovery phase involving those most familiar with specific regulatory frameworks is crucial. This ensures data science teams are able to translate their knowledge into rules that result in high-performing models for compliance.

The path to deeper insights

For every file sitting in a records management system, there will likely be data that relates to it within multiple databases. The ability to understand the link between each relevant piece of information across an organisation is not only useful from a compliance point of view, its essential for gaining a holistic view of your data universe. This is where AI tools provide significant value for employees, as they make information discovery and deeper insights into that information seamless.

Reducing the cognitive load on users and improving employee experience is a key driver behind the uptake of AI tools and automation today. This is why the automation of governance is increasingly a valuable pay-off for organisations implementing more advanced data strategies, as employees no longer have to capture multiple datapoints for the sake of compliance as they go about their daily tasks.

The ultimate goal of any AI strategy, particularly when it comes to compliance, is to not only automate discovery and reporting, but to automate processes, compliance or otherwise, when new information is introduced to a system. To enable this model, advance your data strategy in line with the above recommendations and set yourself on a new path of data discovery.

About the Author

Paul Maker is Chief Technology Officer, Aiimi. Built for business, our Aiimi Insight Engine uses AI and machine learning to intuitively discover, enrich, and classify all information. By creating an enterprise-wide data mesh, our Insight Engine powers lightning-fast search and discovery, as well as automated compliance, smart migration, and turbo-charged data science.

Featured image: Amiak

Visit link:

How advanced AI tools can give organisations a holistic understanding of their data and improve compliance - TechNative - TechNative

Read More..

Why data is driving the world – ACS

This Sponsored Content is brought to you by University of Canberra.

Thanks to breakneck advances in technology, datas integration into everyday life, and the increasing recognition of how it can be used to enhance and add value across various different areas, hard-walled silos in the IT industry are increasingly irrelevant.

According to the University of Canberras Professor of Affective Computing, Dr Roland Goecke, integration is key, and this creates a myriad of opportunities for the IT professional who wants to remain on the leading edge of the industry, and also make a real-world impact in peoples lives.

Realistically, were early in the development of the data revolution, still in the pioneering phase in terms of widespread adoption so now is the time to enter the field to shape its future, he said.

The first step is to have the understanding and knowledge to appreciate where data science, cloud computing or business informatics to name a few can make an impact.

I believe that everyone will need some of these skills to varying degrees, across many different areas including business, government and environmental organisations.

To make an impact in your field, its necessary to equip yourself with the relevant skills to tap into and create that impact, whether that is with a Master of Data Science or a Master of IT degree upskill with a program that keeps abreast of the latest developments in the field, yet gives a valuable grounding.

Fitbits and Apple watches everywhere

With an eye on the data science field, Professor Goecke sees some clear opportunities emergent.

In fitness-centric Australia, it seems that more wrists sport Fitbits and Apple watches than ever before and thats just data in a personal health and fitness setting.

One of the fastest-growing areas, in which we see data science playing a constantly expanding role, revolves around health and wellbeing-related data whether that is in a clinical or hospital setting, or your fitness tracker measuring your heart rate, Professor Goecke said.

Health data is everywhere.

However, in Australia, there is a shortage of data scientists who can deal with health-related data, because its not really taught as a direct specialisation in the health area.

Professor Goecke says that when working with health-related data, it is important to have both the technical skills and a keen understanding of health settings these could range from care provided at home to healthcare in rural and regional community settings.

We need multidisciplinary teams working with health practitioners to make sense of health-related data, he said.

This can include population data. For instance, if you have been following news and communications around the COVID-19 outbreaks, vaccination rates, and how they relate to spatial data the analysis of this would fall at the intersection of data science, informatics and epidemiology.

Applying data science and informatics knowledge to sports strategy and analysis is a natural segue from health-related data applications and it spans the spectrum from elite sport to everyday health and wellness.

Modelling plays a huge part in this aspect of data science, Professor Goecke said.

Sports data analysis has taken huge steps scientists can use data to measure not only performance, but the realities of training mode, and injuries incurred.

Most of the professional leagues have GPS trackers in their clothing, which track positioning, acceleration data but even if you have access to that tech, what do the results generated mean? How do you turn that into something meaningful for the coach for instance, how much recovery time might an athlete need?

Save the planet

With climate change a particularly hot topic even more so with the recent COP26, or 2021 United Nations Climate Change Conference, dominating global headlines Professor Goecke sees this as another area of opportunity for budding data scientists to make a difference.

This is an area in which data scientists can have a huge impact on conversations around conservation, for instance, Professor Goecke said.

Imagine the ability to model what it means for the ACT or the Yass Valley to receive more or less rainfall, or to interpret the data gathered by camera traps and drones for animal conservation, and present it in a way that will help people to understand a conservation message because the flipside of working with data is to be able to communicate what the data means.

Professor Goecke says that traditionally, there has been a lot of emphasis on data-related technologies and techniques, but less focus on communications.

While data science has grown out of maths and stats departments around the world, it is now one of the foremost areas highlighting the need for science communication skills certainly, if you want to translate any of your work into policy and impact, he said.

Ideally, we need to understand that a 10-page report could probably better be visualised via Virtual Reality (VR) or Augmented Reality (AR), as a way of closing the loop and getting the message across.

Professor Goecke also sees both an opportunity and a need in building the framework to scaffold data science work.

Not everything that is technically possible should automatically be done, and questions of ethics and privacy always need to be considered, he said.

We need to look at such questions in the broader social context, and seek answers to questions like how should data be used, where and for how long it should be stored, what kind of energy and environmental impact this could involve?

Professor Goecke feels this self-reflective questioning of the industry is a necessary ongoing process, as there is little current regulation.

This is an area in its infancy, and one of great promise but it needs to have safeguards built around it, the right oversight and ethics in place. There needs to be a balance of privacy and development as data scientists, we need to make wise, clear-eyed judgments on a daily basis.

This Sponsored Content is brought to you by University of Canberra.

Original post:

Why data is driving the world - ACS

Read More..

Charlie Munger says he wishes cryptocurrencies had ‘never been invented’ and admires China for banning them – CNBC

Billionaire investor Charlie Munger still isn't a fan of cryptocurrency.

"I wish they'd never been invented," Munger said at the Sohn conference in Sydney on Friday, according to The Australian Financial Review.

"I admire the Chinese, I think they made the correct decision, which was to simply ban them," Munger added.

This year, interest in digital assets surged, with the cryptocurrency market briefly surpassing a market value of $3 trillion in November and top coins, like bitcoin, hitting record highs.

This isn't a new stance for the 97-year-old vice chairman of Berkshire Hathaway. In May, during a Q&A session at Berkshire's annual shareholder meeting, Munger said that his dislike for bitcoin increased amid the Covid-19 pandemic.

"Of course I hate the bitcoin success," he said."I don't welcome a currency that's so useful to kidnappers and extortionists and so forth, nor do I like just shuffling out of your extra billions of billions of dollars to somebody who just invented a new financial product out of thin air."

"I think I should say modestly that the whole damn development is disgusting and contrary to the interests of civilization," Munger added.

Of course, bitcoin supporters would disagree with Munger. They believe bitcoin is a store of value that can be used to hedge against inflation. They'd argue that bitcoin is a sound peer-to-peer financial system.

But Munger has consistently criticized bitcoin for its extreme volatility.

"It's really kind of an artificial substitute for gold. And since I never buy any gold, I never buy any bitcoin," Munger said at the annualshareholders meeting for the Daily Journal in February. "Bitcoin reminds me of what Oscar Wilde said about fox hunting. He said it was the pursuit of the uneatable by the unspeakable."

Bitcoin is currently trading at around $56,085, according to Coin Metrics, with a market value of over $1 trillion.

Sign up now: Get smarter about your money and career with our weekly newsletter

Don't miss: This 32-year-old has spent over $125,000 on NFTs to display in the metaverse

View original post here:
Charlie Munger says he wishes cryptocurrencies had 'never been invented' and admires China for banning them - CNBC

Read More..

Ethereum outshines Bitcoin in cryptocurrency horse race, price may have further to run – Yahoo Money

Ethereum (ETH-USD) is defying broad underperformance in cryptocurrencies, with its recent price gains reflecting a surge of interest in smart contract platforms that are being rapidly co-opted by the nonfungible token (NFT) boom.

Amid newfound investor interest, the digital coin's performance has even eclipsed Bitcoins (BTC-USD), which has languished for over a month after setting a new record high near $68,000.

Currently trading around $4,400, Ethereum is the second largest cryptocurrency by market capitalization. Like Bitcoin, ETH has morphed into something of a reserve currency of its own for crypto investors. That also might mean headwinds for the asset over the longer term, not to mention an opportunity for competing blockchains.

Unlike BTC, which is most often used as speculative store of value like gold, ether's primary use is to provide fuel or gas for transactions across the Ethereum blockchain.

As the price has gone up, it's gotten very expensive to get any [transaction] space on a block on the Ethereum blockchain, Aaron Lammer, a decentralized finance (DeFi) specialist at the crypto-focused quantitative hedge fund, Radkl, told Yahoo Finance.

There's still a huge number of people waiting to be on-ramped into DeFi and NFTs, we might see the price of Ether go even higher, and really only become available to people who are using it in a large-scale institutional way, Lammer added.

As Lammer explained, one consequence of high fees is that projects and users have a financial incentive to drop Ethereum for less expensive smart contract-enabled blockchain alternatives such as Solana, Avalanche and Terra.

By no coincidence, the tokens for these competing chains behind smaller digital coins like Terra (LUNA1-USD), Avalanche (AVAX-USD) and Solana (SOL1-USD) have also performed well over the last month.

Terra token has doubled in the last week, surpassing Shiba Inu coin (SHIB-USD) as the 12th largest cryptocurrency with a market capitalization of $25 billion.

Story continues

Similar to Ripple (XRP), the token's creator, Terra Labs, is also at the center of U.S. Securities and Exchange Commissions investigation working to determine whether some of the world's top cryptocurrencies are, in fact, securities. At least for the moment, ETH isn't suffering from similar regulatory uncertainty.

However, ETH's developer team has initiated a coin supply burn in its August upgrade, which will continue to exacerbate transaction costs and potentially causing its value proposition to better fit large institutions who can afford to pay the fees.

"Applications, like within DeFi, are competing for institutional capital, which is less concerned about high fees due to the more nominal sums of money they transact," explained Mason Nystrom, a research analyst with Messari.

Data tracked at watchtheburn.com, a project supported by the Ethereum Foundation, shows the rate at which burnt ETH has risen since Ethereum's upgrade. The net supply (block rewards issued - burned ETH) has dropped 80% from August through November.

The stakes of DeFi

As Lammer pointed out, another reason for Ethers rising price can be attributed to investor interest in DeFi. The emerging sector lets investors reap lending yields that are making regulators nervous, and causing Wall Street to salivate over how to tap the market.

A lot of DeFi is based on the idea of individual investors supplying capital into decentralized marketplaces, Lammer explained.

Except when you make a swap, you're actually in a pool that people have contributed money to, and therefore get rewarded in tokens. Other services are lending platforms, where you could lend your Bitcoin, or Ethereum, or all sorts of tokens in exchange for a percentage paid in APR [annual percentage rate], he added.

Such financial apps might seem harrowing to some investors, but the yields for lending assets within DeFi exchanges and protocols, range anywhere from 15% to 45% annual percentage rate (APR). For context, that's exponentially higher than what Americans can earn for holding U.S. dollars in a savings account (0.04% according to the FDIC).

In October, Securities and Exchange Commission Chair Gary Gensler told Yahoo Finance that DeFi is "going to end poorly" unless protections are bolstered for those who invest. The agency has already acted on the premise that lending products from centralized crypto companies also need to be registered as securities.

Meanwhile, attackers have stolen more than $700 million dollars in this year alone, with the latest exploit coming at the expense of DeFi autonomous organization (DAO), also known as BadgerDAO. The crypto hack may cost the organization $120 million, according to one of its members.

David Hollerith covers cryptocurrency for Yahoo Finance. Follow him @dshollers.

Read the latest financial and business news from Yahoo Finance

Read the latest cryptocurrency and bitcoin news from Yahoo Finance

Follow Yahoo Finance on Twitter, Instagram, YouTube, Facebook, Flipboard, and LinkedIn

Read this article:
Ethereum outshines Bitcoin in cryptocurrency horse race, price may have further to run - Yahoo Money

Read More..

Bitcoin climbs back above $58,000 as cryptocurrencies rebound from sell-off – CNBC

The value of Bitcoin (BTC) has exceeded the threshold of 66,895 dollars for the first time in his history.

Chesnot | Getty Images

Bitcoin and other cryptocurrencies surged Monday after a sharp sell-off at the end of last week.

The price of bitcoin climbed back above $58,000, rising 5.8% to $58,136.63, according to Coin Metrics data.

Other digital assets also rose, with ether jumping nearly 7% to $4,419.63 and XRP up 6% at around 99 cents.

Vijay Ayyar, head of Asia Pacific at cryptocurrency exchange Luno, said early reports that the new, heavily-mutated omicron Covid variant came with milder symptoms was giving the market a boost.

"We're seeing news of the variant being potentially weakerin terms of symptoms in early analysis, which has bolstered the market comeback," Ayyar said via email. "Hence, smart investors have probably bought this dip."

Bitcoin last week sank as low as $53,549, its lowest level since early October, amid a broader sell-off in stocks and other riskier assets on the back of fears over the new coronavirus variant.

The world's largest digital currency was briefly down more than 20% from its recent all-time high of nearly $69,000, officially entering bear market territory. Bear markets are typically defined by a decline of 20% of more from recent highs.

The new Covid variant, first identified in South Africa, has spread to multiple countries including the U.K., Germany and Italy.

The U.S., U.K. and other nations have restricted travel with some African countries in response. Britain has also introduced new measures to tackle the new virus mutation, including mandatory mask wearing in shops and public transport in England.

On Sunday, Dr. Angelique Coetzee, the South African doctor who first spotted the omicron variant, described its symptoms as "extremely mild," soothing fears of a potential return of lockdown restrictions during the holidays.

"The global environmentdid add to the uncertaintyacross all risk asset classes as we saw last week, but the bounce back alwaysshows us how strong the uptrend is, which is what we're seeing here," Ayyar said.

If bitcoin loses $48,000 to $50,000 on a daily or weekly basis, "that would definitely imply bearishness," he added. But for now, Ayyar says "we're still in bull market territory."

Go here to see the original:
Bitcoin climbs back above $58,000 as cryptocurrencies rebound from sell-off - CNBC

Read More..

Giving cryptocurrency as a gift is easier than you think – CNET

Art from Coinbase's digital gift cards.

Against a backdrop of persistent economic uncertainty, rising inflation and global supply chain issues, what if you could find a holiday gift that's highly available and easy to give? And what if that gift also straddled the line between the strategic and the strange? Yes, we're talking about cryptocurrency.

Though most Americans know about cryptocurrency, only a small percentage of them actually hold crypto. If you're one of the few, here's your chance to blaze the trail for your friends and family.

Unlike in the past, it's now simple to give the gift of cryptocurrency -- even to those who don't know the difference between a hardware and software wallet or don't have an account on a cryptocurrency exchange. And you don't even have to give a whole bitcoin, which currently costs more than $50,000. You can send minute fractions of a cryptocurrency, starting at less than $1.

We'll focus here on the big, popular players that have made it simple to securely give cryptocurrency to friends and family -- even if you or the recipient have never dabbled in digital money before.

An increasing number of mainstream financial apps, including PayPal and Venmo, have already made it relatively easy to buy and send cryptocurrency -- though some charge higher fees than crypto-focused apps and exchanges. And not all of them make it easy to send cryptocurrency as a gift, especially to people who don't already have accounts.

In March, Cash App debuted a new feature that made it possible for users to send bitcoin to anyone with a phone number or email address. Today, Coinbase unveiled a similar feature, making it easy for account holders to send bitcoin, ether and several other cryptocurrencies to anyone with an email address -- regardless of whether they already have a Coinbase account.

There are other ways to give cryptocurrency as a gift without using a centralized exchange and financial app. Those will require more technical know how. And regardless of how you give the gift, it's worthwhile to provide your recipient with a disclaimer: The world of cryptocurrency can be a wild place wherescams and misinformationare common.

To send cryptocurrency as a gift, you'll need a Coinbase account. Starting today, you'll be able to access the gift feature on the company's app and website. On the menu on the left side of the screen, select "send a gift."

The new gifting feature allows you to send five different assets -- bitcoin, ether, litecoin, bitcoin cash, stellar lumen -- to anyone, including people who don't yet have a coinbase account. All you need is their email address. The email contains directions about how to set up a Coinbase account and claim the gift. The email also includes a digital card featuring "crypto-minded artwork." There are no fees beyond the cost of the cryptocurrency you are gifting. If the recipient already has an account, you can send themany of the assets Coinbase supports(there are more than 100).

Coinbase allows you to cancel the transaction at any time, until the recipient creates their account and claims the cryptocurrency. If the person doesn't create an account within 30 days, the transaction is cancelled automatically.

Cash App is a popular money transfer service owned by Block, formally known as Square. One of Cash App's features is the ability to send bitcoin to other people. This app makes it quick and easy to gift crypto.

However, your choice of cryptocurrency is limited to bitcoin. At the moment, Cash App doesn't support any other assets, which makes the platform somewhat restrictive for cryptocurrency enthusiasts. But if the recipient is new to digital currency, then bitcoin is likely the one asset they might know.

To send bitcoin to another Cash App user, you'll need the person's address on Cash App, which is called a $CashTag. Once you have the $CashTag in hand, navigate to the bitcoin tab from the home screen. Then tap the airplane button and select the amount you want to send and the person to send it to.

If the person you're sending to doesn't have a Cash App account, you can send bitcoin to them using their phone number or email address. The person who receives your gift will then be prompted to create an account and accept the bitcoin. If the recipient doesn't create an account within 14 days, the bitcoin will go back to your account.

You can send as little as $1 in bitcoin using this service. You can find the full directions on the Cash App Website.

Alternatively, or in addition, you can give someone a cryptocurrency wallet as a gift -- with or without anything in it. These are hardware wallets that plug into your computer via USB port. If you do decide to set up a hardware wallet for someone as a gift, make sure to follow the manufacturer instructions closely and keep track of the key phrases once you set the wallet up. Trezor and Ledger are two reputable manufacturers that offer models ranging from $60 to $200.

Generally, the IRS focuses its interest on gifts of $15,000 or more. So, if you're just sending $50 in bitcoin to your cousin, you shouldn't have to worry about the tax implications. The IRS has helpful pages on gift taxes and virtual currencies to help you navigate the details. And when it comes to reporting your transactions in April, taxes usually kick in only when you sell or trade.

In this year alone, theprice of a single bitcoinhas fluctuated wildly -- from a low of about $30,000 to an all-time high of more than $65,000 in November. Plenty of people have made money through cryptocurrency speculation, but it's just as easy to lose money. Though it could make a fun gift for the holidays, keep in mind that cryptocurrency assets are highly speculative, and if you buy them, a good rule of thumb is to invest no more than you're comfortable losing. It's also worth noting that cryptocurrency is a common tool inonline scamsand that cryptocurrency transactions -- once completed -- are generally final and irreversible. Once you send some crypto, it's as good asgone forever. Do your homework, be skeptical and have fun.

See the rest here:
Giving cryptocurrency as a gift is easier than you think - CNET

Read More..

The leader of Facebooks stalled cryptocurrency project is leaving the company – The Verge

Facebook cryptocurrency chief David Marcus announced today that hes leaving the company. The former PayPal executive joined Facebook in 2014 to run Messenger but eventually took over plans to launch a new cryptocurrency and wallet, known at the time as Libra and Calibra, respectively.

After some pre-Meta name changes, the digital wallet launched with a small pilot in October under the name Novi but only in two countries (the US and Guatemala) and support for a single form of crypto, the Paxos stablecoin. The currency that spurred so much ire from regulators and politicians around the world, now called Diem, has yet to appear.

In posts on his Facebook page and Twitter, Marcus says, While theres still so much to do right on the heels of hitting an important milestone with Novi launching and I remain as passionate as ever about the need for change in our payments and financial systems my entrepreneurial DNA has been nudging me for too many mornings in a row to continue ignoring it. He announced that Novi VP of product Stephane Kasriel, previously an early PayPal employee and the CEO of Upwork, will take over the leadership of the team.

Meta CEO Mark Zuckerberg commented on the Facebook post, saying, Ive learned so much working with you and Im so grateful for everything youve done for this place. We wouldnt have taken such a big swing at Diem without your leadership and Im grateful youve made Meta a place where we make those big bets. Youve built a great team, and while Ill miss working with you, Im looking forward to working with Stephane to lead the team going forward.

As recently as October, politicians were openly calling for Facebook to drop its cryptocurrency plans. At that time, Marcus said, I do want to be clear that our support for Diem hasnt changed and we intend to launch Novi with Diem once it receives regulatory approval and goes live. We care about interoperability and we want to do it right.

What his departure means for the project overall is unclear, as well as how it fits in with Zuckerbergs metaverse vision for the future. His departure also comes one day after fellow cryptocurrency proponent Jack Dorsey stepped down from his position as the CEO of Twitter. It seems unlikely that either one will be done with Web3 projects any time soon.

Read more:
The leader of Facebooks stalled cryptocurrency project is leaving the company - The Verge

Read More..

Top Cryptocurrency Prices Today: Bitcoin recovers; Dogecoin and Polkadot rally up to 9% – Economic Times

New Delhi: The cryptocurrency cartel staged a smart recovery on Friday after profit booking by traders in the last few sessions. Traders lapped up cryptos ahead of the weekend, where they are the only tradable assets.

Barring the XRP, all nine out of the top 10 digital tokens were trading higher at 9.30 IST. Cardano led the gainers, with a 9 per cent rally. Bitcoin and Ethereum also logged handsome gains.

The global cryptos' market cap inched up marginally to hover around $2.6 trillion mark compared to the last day. However, the total crypto market volume fell over 9 per cent to $114.04 billion.

"The total traded volumes dropped by almost 10 per cent, as is usual towards the end of the week. Over coming couple of days, we can expect the market to remain range-bound," he added.

Crypto in IndiaCryptocurrency exchanges are turning to targeted advertising and marketing campaigns to soothe the nerves of investors who are exiting their investments amid regulatory uncertainty over the virtual currencies.

Also, billiards and snooker world champion Pankaj Advani has joined the bandwagon of celebrities encashing the newfound interest in non-fungible tokens (NFT).

Expert's takeFacebook reversed its longstanding stance on banning crypto advertising on its platform, taking another step towards embracing and adopting the digital asset industry, CoinDCX Research Team said.

"Following the companys attempt to launch Libra, its rebrand to Meta, and now permitting crypto ads, Facebooks progressive step is an encouraging move for the digital asset sector," it added.

Goldman Sachs is also seeing the value in the crypto options markets as a way in for institutional adoption, the interest and value of the crypto industry is evidence of its long-term position in the future of finance, tech and business.

Global OutlookEl Salvador is building a new city. The concept of this unique city is duly backed by Bitcoin, the worlds largest crypto player in terms of market capitalization.

Price change in last 24 hours Tech View by ZebPay Trade DeskPolygon (MATIC) has witnessed a strong rally last week, when it surged to $2.25 from $1.78 over a span of just 48-hours. The asset has a market capitalization of $14.8 billion and is ranked 15th.

Polygon seems to be holding on to the upward trend quite strongly, and the inflows that the asset has seen off late supports this claim. Ultimately, Polygon aims to solve the scalability issues on the Ethereum network, which has suffered from congestion and high fees.

Technically, on the daily time frame, Matic has formed a broad Symmetrical Triangle pattern where the rising sloping line acts as support and the upper sloping line acts as resistance. The asset has given a breakout on the upside but it is struggling to sustain above its previous high of $2.22. Hence, to further rally, Matic needs to trade and close above $2.22.

Major LevelsSupport: $1.8, $1.4Resistance: $2.22, $2.82

Time is in UTC and the daily time frame is 12:00 AM - 12:00 PM UTC

(Views and recommendations given in this section are the analysts' own and do not represent those of ETMarkets.com. Please consult your financial adviser before taking any position in the asset/s mentioned.)

Link:
Top Cryptocurrency Prices Today: Bitcoin recovers; Dogecoin and Polkadot rally up to 9% - Economic Times

Read More..