Otonomo To Collaboration With Microsoft To Boost Up The Driving Experience

Otonomo, the leading automotive data service provider is going for a collaboration with the software giant Microsoft. This collaboration is focused on giving a boost to the driving experiences of future generations. More precisely, this collaboration will lead to building services beyond Microsoft Azure and MS connected vehicle platform.

Otonomo before signing the official collaboration deal with Microsoft has been unofficially exchanging ideas and visions with Microsoft. This is a much-needed collaboration to widen the horizon of automotive OEMs. It is expected to give a kick start to the adoption and optimization of such services that are based on automotive data.

Asaf Weisbrot, the Chief Commercial Officer at Otonomo, said that the global automakers are looking for more practical and scalable ways to innovate in the car. This collaboration with Microsoft will deliver that high demand service along with inbuilt data privacy protection to the automakers. He also added that through this collaboration, the connected car data could be easily plugged within Otonomo’s ecosystems. Here, the OEMs adoption of the connected vehicle platform of Microsoft plays a pivotal role in quickly rolling out connected car services. This collaboration is expected to provide new value and data privacy to the OEMs and the drivers and also to the other service providers.

As per the general manager of Azure, Tara Prakriya, “Car makers will benefit from Otonomo’s integration to Microsoft connected vehicle platform on Azure to enable easier data sharing and value creation options.”

Otonomo takes the data privacy and driver protection to the next level and this collaboration has helped Otonomo to leap further towards its accomplishments. With two of its capabilities, namely the Consent management Hub and the Dynamic Anonymization engine, Otonomo is all set to integrate with the Microsoft connected vehicle platform. The first one is a simple and straightforward process to grant/revoke permission to drivers for those services that make use of the personal automotive data. The second one applies to a set of more sophisticated anonymization technique to aggregate more applications without privacy-compromising.

Walmart, Tesla Decide to Resolve all Issues After Solar Panel Fires Lawsuit

Walmart and Tesla have decided to work together and resolve all related to solar installations at various Walmart stores. Earlier, the popular retailer filed a lawsuit in a bid to end a contract with Tesla after the panels caused fires on the rooftops of several stores in various states from the year 2012 to 2108.

Both the companies also said that they are now planning to re-energize Tesla solar installation at various Walmart stores soon after all the parties are sure that all issues have been addressed.

Things took a negative turn soon after three stores of Walmart caught fire in the year 2018, which forced Tesla to de-energize all the panels installed at the Walmart sites. Now both the parties are keen to resolve all the issues so that the panels can go back online as soon as possible.

Both the companies released a joint statement as well. Walmart and Tesla emphasized on pursuing a mutual goal of a sustainable energy future. Both companies have expressed their desire that each and every system must operate efficiently, safely, and reliably, as per the joint statement.

Earlier, the lawsuit filed by Walmart claimed that there have been some systematic concerns with installation and inspection of the panels by the electric carmaker. And, if the panels were put back online, they had the potential to jeopardize Walmart, its employees, and its property.

As per the lawsuit, Walmart had accused Tesla of recruiting untrained workers who put up substandard installations and displayed extreme incompetence or callousness or both. This prompted Walmart to ask Tesla for immediate removal of solar panels from more than 240 Walmart stores all across the States. The lawsuit further claimed that seven fires on Walmart’s rooftops were caused by Tesla’s solar panel systems. After ordering removal of solar panels from 240 stores, Walmart also sought damages caused by the fires stemmed from the panels.

However, things are better now between the two companies, and according to the retailer’s spokesperson, both the companies are actively trying to address all the issues to arrive at a resolution acceptable for both parties.

As of now, neither Walmart nor Tesla are keen to divulge the details of the negotiations. Earlier, Tesla CEO Elon Musk announced a fresh rental offering for solar power in his efforts to reboot the deteriorating renewable energy business.

Tron Price Analysis: Tron (TRX) price experiences heavy drop; Intraday recovery on the chart

  • Tron (TRX) price takes a deep dig in the intraday chart.
  • The day doesn’t seem to bring much change in the price of the coin.

Tron (TRX) price marked an escalation in the price from the last couple of days. However, the third quarter has brought disappointment for the traders. The coin dropped from $0.028 to $0.017. We were expecting that the ongoing month would embark the change, but the result is not satisfying.

We have reached almost towards the end of the month. We can only expect a slight improvement. The coming month carries a lot of hope. The month can increase the price of the coin and help it in regaining its momentum. For now, let’s read its current momentum in the market.

Current Statistics of Tron:

  • The coin is dealing at $0.017525.
  • The ROI is marked as 754.37%.
  • The market cap is noted as $1,168,610,919.
  • The 24hr volume is marked as $458,848,534.
  • The circulating supply is noted as 66,682,072,191 TRX.

TRX to USD Price Comparison:

The chart is taken from Trading View on 27th August 2019 at 04:03:23 UTC for price analysis:

Yesterday, the coin opened with a tremendous escalation of 2.63%. The opening price, $0.0175, jumped to $0.0179. The coin couldn’t catch up the uptrend after the same. The coin started falling and took the price to $0.0176 from $0.0179 by 1.47%. There was a slight recovery of 1.34% which changed the price from $0.0177 to $0.0179 by 1.34%. Later, the coin dropped from $0.0178 to $0.0175 by 1.60%. Today, the currency slipped from $0.0176 to $0.0174 by 1.64%. We can also observe a slight recovery on the chart.

Tron Price Prediction and Conclusion:

Tron is anticipated to have a flourishing time ahead. The current scenario might not be impressive, but the currency has a promising future. The coin is anticipated to close the year around $0.040. The traders can mark a change in the price of the Tron by 4% to 5%.

The currency would give the best result to the long term traders; thus it would be the perfect plan to execute.

Amazon, Microsoft, May Be Putting the World at Risk of “Killer Robots,” Warns Report

A global race to develop entirely autonomous weapon-systems, powered by AI, is on the brink of turning into a full-blown arms race: as predicted by a recent report from a Dutch peace group.

Tech-giants, namely Amazon, Microsoft, and Intel, among others, are most likely to be spearheading a worldwide AI arms race, affirms a recent report by PAX, a Dutch anti-war NGO. The report is based on a study that surveyed the most influential companies in today’s technology sector in order to identify their stances on lethal autonomous weapons.

The final report of this study has ranked as many as 50 organizations primarily based on three criteria: whether they have been developing any sort of technology that could be relevant to killer robots, whether they have been involved with military or related projects, and, also, if they have resolved to abstain from developing such technologies in the future. The report, after reviewing the activities of these 50 technology companies, suggests that the activities of 21 among them should be treated with “higher concern” considering their products’ implications towards the development of lethal autonomous weapons. Notably, among these are Amazon and Microsoft who are both reportedly bidding for a $10 billion Pentagon contract that would provide cloud infrastructure to the US military.

PAX’s investigation on autonomous weapons strongly argues that certain innovations in commercial AI, especially in the fields of facial recognition, ground robotics, and system integration, may have deep implications for the defense sector. Frank Slijper, the lead author of the aforesaid report, states, “Why are companies like Microsoft and Amazon not denying that they’re currently developing these highly controversial weapons, which could decide to kill people without direct human involvement?”

Lethal autonomous weapons, or “killer robots”, as they are described by PAX, have sparked a number of ethical debates in recent years. To delve deeper, these weapons are designed to autonomously select and engage targets with zero human intervention, or even control. On their own, these machines are even “unlikely to comply with the laws of warfare,” according to PAX.

AI-experts believe, their advent could certainly be called the “third revolution in warfare”—a successor to the invention of gunpowder and the creation of nuclear bombs. Any act of development of such technologies could even jeopardize matters of international security, critics warn.

“Lethal autonomous weapons raise abundant legal, security, as well as ethical concerns,” the PAX report says. As it further goes clarifying ways in which it could be immensely unethical to delegate the decision “over life and death” to a machine merely guided by a bunch of algorithms. PAX also foresees an “accountability vacuum” pertaining to improper or illegal acts.

EOS Price Analysis: EOS dominated by the bears at $4.16, can it change the scenario?

Let us compare price of the coin since our period of analysis which is 25-July-19. EOS was rising upwards and reflecting a bullish trend as on the said date. It had reached as high as $4.71 at 13:00 UTC time on 25-July-19. For the next 2 days, the coin did fall several times however was still maintaining an upward trend. There was a sharp fall on 27-July-19 which proved to be crucial for the coin as post that it has started to fall downwards. On the next day i.e. 28-July-19 again there was a major fall and prices reached all-time low of $3.89 at 22:45 UTC time. Since 28-July-19, the coin is moving at more or less the same pace. We anticipate that the bearish trend may continue for the coin for few more days’ post which there can be a turnaround.

EOS price comparison is as mentioned below:

Current Data of EOS:

  • Ranking of EOS is maintained at number 8.
  • As per 05:00 UTC time today, market value of the coin was 3,850,573,600 USD.
  • The price of EOS is $4.16 as per 05:18 UTC time.
  • 24-hour volume figures are $1,574,650,063.
  • 925,318,538 EOS coins in circulation.
  • EOS offers a ROI of 304.35%.

EOS Price Comparison and Future prediction:

If we compare the price of EOS since the highest value of $4.71 and today’s prices the coin is reflecting a bearish trend by 11%. We believe that EOS has the ability to bounce back and can reach $4.17 after about a week or so once it gains back its momentum. By the next month, it may be traded at around $4.26. EOS can reach all time high of $5.02 with more than 20% growth by the end of the year 2019.

Conclusion:

As per the present movement, it is recommended to sell the coins today. You can also purchase new EOS coins and if you are able to retain the same for a minimum of 1 and more years, the returns offered by the coin would be great. The Chaikin Money Flow indicator also points that the present trend of the coin is a bearish one. EOS will definitely bounce back and change the present scenario in a couple of days as the coin has the required potential to shine again.

United States Secretary of the Treasury Steven Mnuchin Believes Bitcoin will be Irrelevant Within 10 years

Trump’s administration had remained silent on Bitcoin and cryptocurrencies challenges for a long time after assuming office. Now, finally, the US president’s administration seems to take the crypto industry seriously. The US government is planning how to address it from a regulatory perspective.

During an interview with CNBC on Wednesday, Steven Mnuchin, the US secretary of the treasury, responded on emerging technology cryptocurrency.

While in July, the US president also shared his outlook on Twitter, mentioning his dislike for the cryptocurrency. Steven Mnuchin also stated that the emerging technology cryptocurrency is a risk to the US national security if used illegally.

Now, once again, he commented on the cryptocurrency saying,

“I can assure you I will personally not be loaded up on bitcoin in 10 years. I would bet even in five to six years I won’t even be talking about bitcoin as Treasury Secretary.”

The recent view of US Treasure Secretary does not explain his unique regulatory guidelines.

Recently, Mnuchin said that the regulators of the US are examining the crypto industry, and more regulation policies are in progress.

Mnuchin further told:

“We’re looking at all of the crypto assets… We’re going to make sure we have a unified approach, and my guess is that there are going to be more regulations that come out from all these agencies.”

In order to avoid financial-based crimes, the US secretary has asked the US Financial Crimes Enforcement Network (FinCEN) and the US Financial Action Task Force (FATF) to create regulations that will maintain digital currencies at the top level.

The agencies, namely Securities and Exchange Commission and the Commodity Futures Trading Commission both have tried to implement existing financial regulatory policy to the crypto-asset industry.

Mnuchin once again raised concern over the cryptocurrency in an interview. He mentioned that regulators were worried about cryptocurrencies such as Bitcoin and other altcoins were used for illegal intentions and that financial officials were determined to sort it out.

While on July 18th, Mnuchin accidentally stated that fiat currencies are not instruments for money launderers, although bitcoin and other crypto transaction of worth million dollars are performed for illegal purpose.

Earlier, Facebook revealed about the launch of its crypto coin Libra in 2020. From then onwards, more financial authorities from the world raised concern over the financial objective of Facebook. After which political members started focusing more on Bitcoin and another crypto asset.

Mnuchin later mentioned in the interview that he believes the dollar is the major currency across the world. ‘It’s in our interest. We want to maintain it.”

According to Mnuchin future of cryptocurrency is gloomy and he continues to support the dollar.

XMR Price Shift Becomes Frequent with Each Passing Day

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The market being highly volatile, the liquidity rate of XMR is getting higher day by day due to which shifts in its prices within a span of 1-day only is getting noticeably higher.

Introduction

The price decline of XMR is just like any other altcoin in the crypto sphere as of now. This is because success or failure of these coins or projects are very much relied on the crypto market condition and BTC price momentum and trend. BTC’s turbulent and erratic nature is slashing down the value of XMR at an active rate.

From the given 1-day chart, it is clearly seen that XMR’s liquidity is really high. It is trying to move up but intermittently it is slipping down in the bearish zone. Since yesterday noon, it has been mostly trading with a bearish outlook, with a slight raise in between. Its momentum is also not steady towards the bullish zone and keeps fluctuating.

For instance, on 21st July, XMR’s value was 85.66 USD but today only, it fell as low as 82.88 USD. So, one can comprehend about how fluctuating XMR is, at the current stage. Within a span of 1-day only, XMR’s value is deterred by 2.94%. Considering the above facts, we think that in the upcoming days, XMR can have a major support level at $78.65.

EOS Moving Upwards, Consistency Is the Key Now!

The beginning of the week started on a very high note for the EOS coin. It reached $4.3883 on 15th July at 16:40 UTC. It was looking good for the coin. However, it started falling steadily post the said date. The next day the coin saw two major sharp falls with prices falling as low as $3.35. After about 2 days’ time, the coin managed to pull up its socks and has slowly started to rise upwards. EOS will continue with the same trend and prices might not see any major fall.

EOS Price Analysis & Future Forecast

Comparing EOS price of today and as the price of 16th July as per 16:55 UTC, which was $3.35, the coin reflects a bullish run by 19%.

After a day’s time, EOS will continue to rise further and reach its immediate resistance level of $4.2. After about a month’s time, the coin may be traded in the range of its further resistance levels of $4.4 and $4.6. Six months down the line, EOS has all the potential to trade up to $10 if it manages to continue with the same consistency.

As per the current trend observed, trading on a short-term basis with EOS might not be fruitful. You may also buy the new coins if you are able to sustain the same for a longer period as it will prove to be a great asset. The Chaikin Money flow indicates that the present movement of the coin is bearish. However we believe that this scenario will change by tomorrow. Being amongst the top 10 digital currencies, EOS has the required potential to show good performance over the coming months.