Gold Sees Largest Weekly Outflow Ever, Metal Prices Spiral Lower, Analysts Expect Flows Into Bitcoin

Gold investors are getting anxious, as the precious metal’s prices have slid a great deal since a number of vaccine companies have revealed medicines to combat the coronavirus. The price of one ounce of fine gold is valued at $1,770 per unit after the precious metal registered the third straight weekly loss in a row. … Read more

Know when to fold ’em: How a company best known for playing games used A.I. to solve one of biology’s greatest mysteries

It is March 13, 2016. Two men, dressed in winter coats and woolen hats to defend against the frigid night air, walk side by side through the crowded streets of downtown Seoul. Locked in animated conversation, they seem oblivious to the pulsating neon enticements of the surrounding dumpling houses and barbecue joints. They are visitors, … Read more

DeepMind’s new protein-folding A.I. is already helping in the fight against COVID-19

Artificial intelligence has just solved one of biology’s most vexing challenges: how to determine the three-dimensional shape of a protein. DeepMind, the London-based A.I. company that is owned by Google-parent Alphabet, has created an A.I. system it calls AlphaFold 2 that uses a protein’s DNA sequence to predict its folded shape, frequently to within an … Read more

Venezuelan army starts mining Bitcoin to make ends meet

The regime of Nicolás Maduro continues to lean on crypto to keep economically solvent. Via Instagram, an engineering brigade of the Venezuelan army inaugurated the new “Digital Assets Production Center of the Bolivarian Army of Venezuela.” As the video shows, the center houses various ASIC mining equipment used to crack proof-of-work algorithms. General Lenin Herrera … Read more

Biden should integrate Bitcoin into US financial system, says Niall Ferguson

British economic and financial historian Niall Ferguson said the United States needs to find its own path in adopting cryptocurrencies, rather than “building [its] own versions of China’s electronic payments systems.” In a Bloomberg opinion piece, Ferguson said Sunday that the current pandemic has generally been good for cryptocurrency adoption, accelerating a “monetary revolution” around the … Read more

Venezuelan Army Starts Mining Bitcoin for ‘Unblockable Income’

The Venezuelan Army has inaugurated a cryptocurrency mining center with bitcoin mining equipment aimed at generating “unblockable income,” as the country attempts to bypass U.S. sanctions. The crypto mining center has the support of the country’s crypto regulator, Sunacrip. Venezuela’s Army Starts Cryptocurrency Mining The Venezuelan Army’s cryptocurrency mining center was inaugurated on Nov. 19 … Read more