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The world's largest insurance company will apply solutions SingularityNET based on artificial intelligence

SingularityNET's blockchain platform and the Chinese insurance corporation Ping An will cooperate in the field of artificial intelligence and launch a number of joint initiatives. This is reported in the project blog. As the head of Ping An's AI direction, Bai Meng, said, the company is interested in the commercial application of optical character recognition technology, cross validation (Cross Validation) and machine learning offered by the SingularityNET ecosystem. In the future, solutions […]

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SingularityNET's blockchain platform and the Chinese insurance corporation Ping An will cooperate in the field of artificial intelligence and launch a number of joint initiatives. This is reported in the project blog .

As the head of Ping An's AI direction, Bai Meng, said, the company is interested in the commercial application of optical character recognition technology, cross validation (Cross Validation) and machine learning offered by the SingularityNET ecosystem.

In the future, platform solutions can be used in Ping An's AI initiatives, such as Smart City and One Minute Clinic.

Ping An is the largest insurance corporation in the world. As of January 2018, the company's capitalization was estimated at $ 217 billion. Ping An shares are included in the Hang Seng Index – a composite index of the 50 largest companies listed on the Hong Kong Stock Exchange.

Recall that at the end of 2017, SingularityNET raised $ 32.8 million on ICO . The project token has been listed on Binance cryptobirth.

Against the background of news on cooperation with Ping An, the price of the SingularityNET (AGI) token began to rise rapidly in the morning of Thursday, March 14, rising to a peak by more than 13% in a short period of time, after which it corrected somewhat.

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US SEC Commission: Some Stablecoins May Be Recognized to Securities

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According to Valery Schepanik, senior consultant for digital assets of the United States Securities and Exchange Commission (SEC), the norms of securities legislation may apply to certain types of glasscoins . Reported Decrypt .

According to Shchepanik’s classification, one stablecoin can be tied to real assets like gold or real estate, the other to fiat currency, and the third to use various “financial mechanisms that support price stability.” It is the third category, in its opinion, that can become the object of close attention of the regulator.

“I came across steyblokinoy, the value of which controls a certain pricing mechanism associated with the emission, creation or redemption of another type of digital assets tied to them. Or, it is supported by control over the ratio of supply and demand in order to keep prices in a certain range , ”said the SEC representative.

According to her, if the central side controls the steakblock's price volatility, or if the buyer is promised a guaranteed income or a controlled price, such an asset can be recognized as a security.

She noted that the agency applies equally to all cryptocurrency projects. Shchepanik also emphasized that companies should contact the agency for consultation before the release of the token , and not after:

“We would prefer that people turn to us for permission or advice before they do something, rather than do something first, and then come to ask for forgiveness.”

Publication date 18.03.2019
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Japan will consolidate the rules for cryptocurrency in the category of "cryptographic assets"

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The Cabinet of Ministers of Japan proposed amendments to the laws “On Financial Instruments and Exchanges” and “On Financial Settlements”. Thus, it is planned to consolidate a number of norms regulating the market for digital assets.

The Law “On Financial Instruments and Exchanges” is aimed at ensuring the transparency of markets and the safety of investors. It contains clear requirements for operations with derivatives and securities.

Several points may be added to Japanese law.

So, it is proposed to make cryptocurrency in a separate category – “cryptographic assets”. This is consistent with the definition adopted by the G-20 countries. Companies that deal with their exchange will receive the status of "agents for the exchange of cryptographic assets."

Cryptocurrency exchanges may be required to keep clients' funds in cold wallets. If for these purposes it is necessary to use the infrastructure that is connected to the Internet, then the assets should be provided with their own funds of the exchange.

Margin trading of digital assets is proposed to regulate by analogy with the markets of foreign currencies.

"In addition, cryptocurrency companies can prohibit the use of promotional materials that encourage speculation and indulge in dishonest practices (price manipulation, insider trading, etc.)."

Publication date 18.03.2019
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Ledger Nano S Wallet Receives Certificate of the French Cyber Security Agency

Ledger Nano S was the first hardware cryptograph certified by the French Information Systems Security Agency (ANSSI). Ledger is proud to announce that it is a wallet! The obtained CSPN certificate shows a third-party assessment of security, rather than taking our word for it. Read more here: https://t.co/PYrRcFt15u#DontTrustVerify […]

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Ledger Nano S was the first hardware cryptograph certified by the French Information Systems Security Agency (ANSSI).

As noted in the company's blog, the process of obtaining the first level of a security certificate involves evaluating a product according to several criteria, including "firewall, identification, authentication and access, security of communications and embedded software."

“We are proud to announce that ANSSI has passed independent certification ,” said Ledger CEO Eric Larshevek. “ For Ledger, safety is paramount.”

He also promised that his company would make an effort to certify the rest of its products.

Recall, recently the French manufacturer of hardware wallets Ledger reported vulnerabilities from its competitor Trezor.

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