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Swarm Intelligence could be the Key to More Accurate Sports Betting

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You don’t see many traffic jams in the bee world
Photo by Jordan Schwartz

Artificial intelligence has been shown to have tremendous predictive power in all sorts of areas. Sports is one area in which data plays a key role, whether it’s statistics about a team’s form and overall performance, or data for individual players and their strengths. Collecting this data and analyzing it using algorithms can lead to more accurate predictions. This type of AI doesn’t have to involve any human input.

There is a different kind of AI
that brings human input back into the frame. Swarm intelligence aims to amplify
the intelligence of a group of individuals, enabling more accurate predictions
for a range of events, including the outcome of sports games.

What Is Swarm Intelligence?

A purely mathematical AI
system effectively eliminates human input from the process; instead, it makes decisions based on inputs of data and
computations through algorithms.

Swarm intelligence is very
different. It relies on the input of multiple individuals who, by making a
single decision simultaneously together, act as a hive mind, or swarm.

This idea is based on
observations of biological systems such as ant colonies or bee swarms. If they
were to act individually, these insects would not have much intelligence
(neurologically speaking). By joining together, a swarm of bees can achieve the
intelligence of a human mind.

When a swarm of bees sets out
to find a hive, they will come to a collective decision and solid consensus,
without the usual blocks that are experienced in systems of human politics.

Swarm intelligence is a deliberate attempt to bring human individuals into a swarm-like intelligence using an AI system, by forcing an answer that satisfies the most people. One of the key roles of swarm intelligence is to bring human morals and ethics into AI decision making, but it also happens to be incredibly powerful when it comes to predictions.

Mix lots of colors together, and you will eventually get one color
Photo by RawPixel

UNU Swarm Intelligence System

Swarm intelligence is very
different from a poll. A poll always polarizes
answers, emphasizing differences between
groups. For example, you ask 100 people whether they want to leave or stay in
the EU, and the result will always be
a divide, a split decision of sorts which hems individuals into a set group.

Swarm intelligence functions
very differently. In the UNU system, invented by Unanimous AI chief executive
Louis Rosenberg, individuals join together to make swarms. They are then asked
multiple answer questions. Each participant has a magnet cursor, which they can
use to drag a puck towards an answer.

What ensues is a push and pull
towards consensus, where the group eventually has to reach a single answer that
best works for everyone. You can see it in action on the Unanimous AI website prediction
highlights page
to understand the process
better.

Even a random group of people,
when pooling their knowledge, ideas and intuitions, are said to be able to
outperform experts, and this has been proven to be true time and time again
with the swarm intelligence systems. When sports fans pool together in this
way, they can provide more accurate predictions.

UNU Sports Betting Success

Sports betting is a growing
industry, expected to reach values of over $155 billion globally by 2024. The
growth will largely come from Asia-Pacific, as
well as from North America, where recent legislation has allowed sports betting
within many states as well as on upcoming mobile apps like Fox Bet. As the industry opens up for more people around the
world, people inevitably look to gain an edge.

The UNU swarm intelligence
system has found that edge quite a few times already. The 2016 Kentucky Derby
was a notable milestone. A swarm of horse racing enthusiasts predicted the
Superfecta with amazing accuracy, turning $20 into $11,000 with a 540-1 payout.

Researchers at Oxford
University and Unanimous AI tested the swarm system to predict winners in 50
EFL games. Individuals alone averaged 55%, but when swarmed this was boosted
significantly to 72%.

In early 2008, the UNU system
achieved an even more impressive result than the Kentucky Derby. The swarm and
AI system predicted every result correctly in a 10-match weekend, including
draws. Community members who followed up with parley bets ended up winning on
odds as far-fetched as 1,244-1.

It’s clear that swarm
intelligence, the synthesis of AI and human minds, can be a powerful predictor
for sports betting.

The post Swarm Intelligence could be the Key to More Accurate Sports Betting appeared first on 1redDrop.

Source: https://1reddrop.com/2019/07/17/swarm-intelligence-could-be-the-key-to-more-accurate-sports-betting/

Blockchain

Crypto Market Cap Gained $10 Billion, Bitcoin Eyes $11,000? (Saturday’s Market Watch)

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The cryptocurrency market continues to rebound and has added another $10 billion to its market cap since yesterday. Bitcoin trades around $10,700, while some leading altcoins mark serious gains.

Bitcoin Price Trades Around $10,700

Following yesterday’s increase in which Bitcoin topped at $10,800, the primary cryptocurrency retraced to its intraday bottom at about $10,550. However, the bulls intercepted the price dip and drove the asset upwards once again. Just as 2020 goes so far, this Bitcoin spike followed the 1-2% gains seen on Wall Street at the Friday trading session.

The S&P 500 (1.6%), the Dow Jones Industrial Average (1.34%), and the Nasdaq Composite (2.26%) were all deep in the green.

At the time of this writing, BTC has dipped to $10,760 after getting rejected at the first major resistance at $10,790.

As per the analysis, if BTC price breaks above, it could head towards the next resistance at $11,000, followed by $11,200, $11,360, and $11,530. Alternatively, should the asset fall, it could rely on the support levels at $10,580, $10,440, and $10,390, if necessary.

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BTCUSD. Source: TradingView
BTCUSD. Source: TradingView

Despite stocks and cryptocurrencies, gold had failed to increase: Recording an intraday high of $1,875, the precious metal dived and closed the session at $1,860.

Altcoins Gain Traction

Some alternative coins lost significant chunks of value lately, but they have been recovering in the past few days. Ethereum has continued its upward movement with another 3% increase to above $350.

Ripple has surged by 5% to $0.243. Bitcoin Cash (1%), Polkadot (3%), Binance Coin (1%), and Litecoin (3%) are also in the green from the top 10. However, Chainlink has outperformed them all by marking an 11% increase. LINK has overtaken BNB and DOT and currently occupies the 6th spot.

Cryptocurrency Market Overview. Source: coin360.com
Cryptocurrency Market Overview. Source: coin360.com

As it typically happens, the most volatile price moves come from mid and low-cap alts.

CyberVein leads with a 21% surge. Ren (20.5%), Yearn.Finance (17%), The Midas Touch Gold (14%), DFI.Money (14%), Cardano (11%), Zilliqa (11%), HedgeTrade (10.5%), and Nervos Network (10%) follow.

In total, the cryptocurrency market cap has increased by $10 billion since yesterday. On a 48-hour scale, the metric is up by 8% since its bottom at $319 billion to $344 billion.

Total Market Cap. Source; CoinMarketCap
Total Market Cap. Source; CoinMarketCap
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Disclaimer: Information found on CryptoPotato is those of writers quoted. It does not represent the opinions of CryptoPotato on whether to buy, sell, or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk. See Disclaimer for more information.

Cryptocurrency charts by TradingView.


Source: https://cryptopotato.com/crypto-market-cap-gained-10-billion-bitcoin-eyes-11000-saturdays-market-watch/

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Blockchain

Bitcoin Always Online In Venezuela: Launched The First Satellite Node In Collaboration With Blockstream

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Bitcoiners in Venezuela don’t need the internet to send some Satoshis. Today, the crypto payments startup Cryptobuyer announced the successful launch of the first Bitcoin satellite node thanks to a collaboration between Cryptobuyer, Blockstream, and a team led by a crypto enthusiast named Aníbal Garrido.

The initiative allows interacting with the Bitcoin blockchain without the need of an internet connection. A satellite antenna installed in Venezuela is in charge of the communication between the node and the blockchain.

How the Satellite Node Works

This novel solution allows the Venezuelan node to process information in real-time completely off-line. Thus, the normal functioning of the network in case of connectivity failure (something widespread in the country) is guaranteed. It also facilitates the use of cryptocurrencies in remote places where internet service is scarce, expensive, or even non-existent.

The project works as follows: Blockstream contracts a number of satellites to provide the communication service between the nodes and the blockchain. Cryptobuyer bought the necessary equipment to receive the signal and connect to the satellite, and Anibal Garrido and his team were in charge of assembling the antennas and making the required adjustments.

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For Alvaro Perez, a software programmer from Valencia City who helped set up the whole infrastructure, the node’s synchronization was an inspiring moment. In statements compiled by Cryptobuyer on an official blog post, the expert says that the operation was a “great achievement.”

“We downloaded the whole Bitcoin blockchain and successfully carried out the first transaction through a Bitcoin satellite node in our country on September 23, from the city of Valencia (…) We received bitcoin through the satellite connection without any internet connection. It was a moment of great achievement.”

The journey is just beginning for Bitcoiners in Venezuela

This would be the first of three antennas that Cryptobuyer plans to deploy to cover the country’s most critical areas. The remaining two will be placed in the country’s capital, Caracas, in the north of Venezuela, and Puerto Ordaz, an industrial city located south of the country.

Later on, they plan to deploy a large number of small devices that will serve as a sort of repeater antenna to create a sizeable mesh-type network that will facilitate transactions in Bitcoin even far away from the primary antenna.

Now there’s no excuse to start using some satoshis in the country. Venezuela keeps proving that it has plenty of reasons to be on the podium of the three countries with the most adoption of Bitcoin around the world.

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Source: https://cryptopotato.com/bitcoin-always-online-in-venezuela-launched-the-first-satellite-node-in-collaboration-with-blockstream/

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KuCoin’s CEO: The $150 Million Hack Is “Small” For KuCoin, Insurance Will Cover

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In a dedicated live stream, KuCoin’s CEO noted that although why he cannot reveal how much of the company’s total assets were affected during the hack, the stolen fund amount is “small for KuCoin.” The exchange will cover all the losses with its insurance fund.

  • The company first noticed the abnormalities at 2:51 AM, Sept 26, when it received an alert from its internal risk-monitoring system. More alerts followed, indicating abnormal transfers from the hot wallet.
    kucoin_ceo_lyu-min
    KuCoin’s CEO Johnny Lyu. Source: YouTube
  • At 3:01 AM, the exchange received an alert about its remaining balance from the monitoring system. Three minutes later, more alerts came in showing abnormal XRP withdrawal, which was followed by another alert that the company’s hot wallet is “running out of balance.”
  • Subsequent alerts between 3:05 AM and 3:40 AM showed abnormal BTC withdrawal alongside other tokens.
  • While the abnormal withdrawals were ongoing, the company set up an urgent task force and then shut down its wallet servers. However, the shut down did not do much to stop the hackers as the abnormal transfers continued.
  • At this point, KuCoin realized that the private keys of its hot wallet had leaked. The company then started moving the remaining balance in its hot wallet to cold storage at 4:20 AM. The process took about 30 minutes to complete.
  • Lyu said the exchange would publish the addresses used by the hackers on its official channels. An earlier report on the hack shows that the Ethereum address supposedly used for the operation contained over $150 million in ETH and ERC-20 tokens.
  • KuCoin is now in contact and working with the international police, its largest clients, and industry experts for an in-depth investigation into the incident.
  • The CEO also said they had asked most crypto exchanges, including Binance, Bitfinex, OKEx, BitMEX, and Houbi Global, to blacklist the hackers’ wallet address and assist with the investigation.
  • The crypto community was quick to swing into action to assist KuCoin in its request. Bitfinex CTO Paolo Ardoino said they have already frozen 13 million USDT on EOS that was part of the hack, while Tether froze the 20m USDT on Ethereum in the ETH address used for the hack.
  • While trading services are still available, withdrawals and deposits will remain closed until the exchange completes its wallet upgrade.
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Source: https://cryptopotato.com/kucoins-ceo-the-150-million-hack-is-small-for-kucoin-insurance-will-cover/

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