Subject: 🚀 Aussie Dollar Stablecoin

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Australian Dollar backed Stablecoin to launch on Stellar Platform

A new stablecoin is launching on the Stellar blockchain that's designed to hold its value with the Australian dollar (AUD) and is being pitched for consumer and business uses. Novatti Group, an Australian online payments processor, will issue the Novatti AUD Utility Token beginning on November 19. The token will be backed 1-for-1 with AUD held in a trust.

"We think that people will use them [stablecoins] to help purchase goods from Australian enterprises. And we think that will also use them for the payment of bills or for services inside of Australia." - Peter Cook, Novatti's managing director said.

Source: CoinDesk
Coinbase and Circle Launch USDC Stablecoin

Major U.S. cryptocurrency exchange Coinbase has launched the USD Coin stablecoin (USDC), making it the first stablecoin for trade on the platform. Coinbase states that USDC will be coming to Coinbase Pro in the coming weeks and is already supported on Coinbase Wallet.

“We are issuing stablecoins backed 1:1 with the U.S. dollar, completely audited, completely transparent. We think this is a key step toward unlocking innovation in crypto.” Coinbase President and COO Asiff Hirji said in an interview at Money 20/20 conference

Chinese Consortium Led by Huawei and Tencent to Launch Coinless Blockchain

A Consortium led by multinational telecommunication company Huawei and tech giant Tencent, will soon present its coinless blockchain FISCO BCOS. The consortium consists of more than 100 members.
The consortium stresses that the blockchain network will also contain “observatory” nodes through which regulators and auditors would be able to monitor or access data whenever needed.

Earlier this year, Huawei announced the users of its mobile phone will be able to download Bitcoin (BTC) wallets on their devices, with the wallets set to be pre-installed on all new Huawei smartphones.

🎲 AI + blockchains?

When paired with blockchains, Artificial Intelligence (AI) is able to be better understood by humans, operate more efficiently, and make blockchains in general more efficient. In order for machines to learn, they need massive amounts of data to analyze, just like humans.

What exactly are we doing with AI + Blockchain?
Blockchain technology provides users with the ability to create a trustless system on which they can run smart contracts, track a ledger, and more. AI and machine learning allows for hands-off programs that are designed to become smarter and more efficient over time.

There are eight key ways where AI can help blockchains; four of which are pertinent to our discussion:
  • “Scalability — AI can perform collaborative learning without a centralized dataset.
  • Security — AI can detect blockchain application layer intrusion issues.
  • Privacy — AI can improve the performance of hash functions.
  • Efficiency — AI can predict the likelihood of a node to fulfill certain mining tasks.”
From increased scalability, enhanced security/privacy, and greater efficiency, AI will make it cheaper, safer, and easier to operate blockchains in general. Examples of AI and the blockchain working together on specific problems:

Cryptocurrency Trading
If the market starts crashing you may have a panic attack and quickly sell, only to watch the market bounce back higher than it ever was, leaving you at a loss. One simple way to prevent these emotional mistakes is by using an AI-based cryptobot to trade for you

Music Streaming
Musiclife is a company that is working hard to change that by using blockchain technology infused with artificial intelligence. Artists are automatically paid through smart contracts every time their music is streamed. This alone helps to ensure that the artists make more money for their work compared to traditional streaming platforms.

Check out the full story: Hackernoon
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