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Threatened much? Bank industry expected to invest a metric fuckton of cash in blockchain

Aug15
by on August 15, 2019 at 9:14 am
Posted In: Around the Web, blockchain, cryptocurrency, Hard Fork


Bitcoin has proven relatively popular in 2019, but investment in the blockchain technology that underpins it hasn’t exactly slowed — in fact, the latest forecast predicts an increase of 80 percent over last year’s spending. In total, the International Data Corporation (IDC) estimates worldwide “blockchain spending” in 2019 will reach a head-scratching $2.7 billion. The IDC also expects the compound annual growth rate (CAGR) in blockchain investment between 2018 and 2023 to reach 60.2 percent. “Spending on blockchain solutions in the United States will be nearly $1.1 billion in 2019, making it the largest geographic market, followed by Western Europe ($661…

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The IRS won’t stop until it collects all the cryptocurrency tax it’s owed

Aug15
by on August 15, 2019 at 9:09 am
Posted In: Around the Web, blockchain, cryptocurrency, Hard Fork


They said the government couldn’t control it. They said it could never be regulated. But as certain as death, they will try to tax it. And it seems the US Internal Revenue Service (IRS) won’t rest until it’s got every last tax dollar from cryptocurrency traders. The IRS is sending another round of letters to known cryptocurrency traders advising them that they’ve filed their taxes incorrectly, CoinDesk reports. In one instance, a taxpayer owed nearly $3,900 for 2017, that’s $3,600 in tax and about another $200 in interest. The letter, seen by CoinDesk, was dated July 29, 2019. This latest…

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This startup’s ‘AI’ to build your apps is just a bunch of human devs

Aug15
by on August 15, 2019 at 7:20 am
Posted In: Around the Web, artificial intelligence


AI is one of the most common buzzwords of the current startup generation. Companies often claim to have revolutionary AI that’ll change their customers’ lives. However, there are some startups who exaggerate their technical capabilities to get funding. A report by the Wall Street Journal published yesterday claims this startup named Engineer.ai, which professes to use AI to build apps, actually uses human engineers in India and elsewhere for the task. The company says it builds apps for customers with just a few clicks on its website using its “Human-assisted AI” technique. WSJ talked to several former employees and reviewed…

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