Connect with us

Technology

Mark Zuckerberg Confirms Facebook’s Foray into Augmented Reality

Published

on

 

Mark Zuckerberg has put a rest to speculation by confirming that Facebook is working on augmented reality.

Facebook CEO Mark Zuckerberg was speaking at Vanity Fair’s New Establishment Summit when he was asked if the social network giant was working on augmented reality, to which he nodded. “Yeah,” he said before adding “it’s a bit farther out,” according to Mashable.

Augmented reality adds a layer of digital or computer information to real world images that you will be seeing, letting you distinguish between the real and the virtual imagery added to the real world. Virtual reality is designed to be all-encompassing, wherein the virtual world takes over reality, entirely.

Several tech journalists and reporters at the event reported the coverage in a series of tweets.

Michael Abrash, chief scientist at Oculus VR that was acquired by Facebook last year spoke about the long toil to bring augmented reality into the mainstream.

“Augmented reality will be here but it’s a long road to get there,” said Abrash.

The VR scientist also spoke about the difficulties of adopting augmented reality, noting that it is much harder than virtual reality.

Zuckerberg added that Facebook is likely to build VR products before AR products, although it will be a while yet as Facebook will look to “ease into” incorporating virtual reality.

The Facebook chief also added that users of everyday devices like consoles will be the first to use virtual-reality tech.

Facebook’s Oculus VR is set to release the Oculus Rift Headset for PCs in March 2016.

Image from Shutterstock.

Important: Never invest (trade with) money you can't afford to comfortably lose. Always do your own research and due diligence before placing a trade. Read our Terms & Conditions here. Trade recommendations and analysis are written by our analysts which might have different opinions. Read my 6 Golden Steps to Financial Freedom here. Best regards, Jonas Borchgrevink.

Rate this post:

Important for improving the service. Please add a comment in the comment field below explaining what you rated and why you gave it that rate. Failed Trade Recommendations should not be rated as that is considered a failure either way.
0 votes, average: 0.00 out of 50 votes, average: 0.00 out of 50 votes, average: 0.00 out of 50 votes, average: 0.00 out of 50 votes, average: 0.00 out of 5 (0 votes, average: 0.00 out of 5)
You need to be a registered member to rate this.
Loading...

4 stars on average, based on 1 rated postsSamburaj is the contributing editor at Hacked and keeps tabs on science, technology and cyber security.




Feedback or Requests?

Altcoins

IOTA Price Analysis: Current Behavior Raises Concerns of Another Drop in the Price

Published

on

  • Current technical indications still point to downside risks for IOTA’s MOITA price.
  • Near-term chart view sees a rising wedge pattern. The daily chart observes a bearish pennant formation.

The IOTA price remains at risk for now of a breakout to the downside. It appears more likely that downside pressure will be seen, in comparison to any upside surprises. Despite this, IOTA’s native token has made solid recovery in just over a week of trading. Since 25th September, it has gained 8%. Trending higher has been observed from a low of around $0.5200, up to current levels around $0.5600.

IOTA Developments

Most recently, Bitpanda announced they now offer deposit and withdrawal services for IOTA. Bitpanda is fintech company based in Vienna, Austria. They specialize in selling and buying Bitcoin and other cryptocurrencies. Becoming Europe’s leading retail broker for Bitcoin, Ethereum, Litecoin and more, boasting a user base of over 900,000 users. “We are very pleased to announce not only withdrawal and deposit functionalities for IOTA on Bitpanda, but also that Bitpanda now officially supports the latest IOTA tech — IOTA Hub,” as stated in their most recent blog post.

This move goes to show the growing presence IOTA is having across the market. The market acknowledgement of the foundation’s technology. IOTA’s MOITA is currently the 11th largest cryptocurrency by market cap, which is seen at $1.5 billion.

Elsewhere, as covered previously, the foundation is very close to revolutionizing the car insurance industry. They presented a new project in which they have been working on at bIOTAsphere. This was a proof of concept technology, known as Tangle. Full details mentioned in the previous article.

Near-term Technical Review 

IOT/USD 60-minute chart

Looking via the 60-minute chart, current price action has formed a rising wedge pattern. This price behavior makes it susceptible to a breakout to the downside. Should the bears manage to breach the lower support, sellers could pile in. To the downside, support in this view can be seen tracking around $0.5650. Further to the downside, 60-minute support should come into play around $0.5420.

Daily Chart Technical Review

IOT/USD daily chart

For over a month now, price action, as clearly seen on the daily chart view, has been firmly within consolidation mode. The range is getting tighter, building up the likelihood of an imminent breakout. Resistance is sitting just ahead around $0.5850, very close to current levels. Support eyed at $0.5430, a breakout could see the price tumbling. A potential downside target would likely be around the $0.4000 territory, testing 14th August low.

Disclaimer: The author owns bitcoin, Ethereum and other cryptocurrencies. He holds investment positions in the coins, but does not engage in short-term or day-trading.

Featured image courtesy of Shutterstock.

Important: Never invest (trade with) money you can't afford to comfortably lose. Always do your own research and due diligence before placing a trade. Read our Terms & Conditions here. Trade recommendations and analysis are written by our analysts which might have different opinions. Read my 6 Golden Steps to Financial Freedom here. Best regards, Jonas Borchgrevink.

Rate this post:

Important for improving the service. Please add a comment in the comment field below explaining what you rated and why you gave it that rate. Failed Trade Recommendations should not be rated as that is considered a failure either way.
3 votes, average: 3.67 out of 53 votes, average: 3.67 out of 53 votes, average: 3.67 out of 53 votes, average: 3.67 out of 53 votes, average: 3.67 out of 5 (3 votes, average: 3.67 out of 5)
You need to be a registered member to rate this.
Loading...

4.5 stars on average, based on 30 rated postsKen has over 8 years exposure to the financial markets. During a large part of his career, he worked as an analyst, covering a variety of asset classes; forex, fixed income, commodities, equities and cryptocurrencies. Ken has gone on to become a regular contributor across several large news and analysis outlets.




Feedback or Requests?

Continue Reading

Entertainment

From Credits to Cryptocurrency: Block-Gaming Here to Stay

Published

on

The relationship between cryptocurrency and video-games is getting stronger with reports this week detailing the launch of a self-proclaimed ‘Blockchain Game Alliance’, a collaborative initiative founded and comprised of a handful of organisations.

These range from the blockchain-focused (such as ConsenSys) to those specialising in video-games (like centralized crowdfunding platform Fig).

The Blockchain Game Alliance is one of the first of its kind to be seen, bearing a simple website which bears a subscription form and self-referential claims of being a

“coalition of gaming and Blockchain companies committed to advocate for the democratization of Blockchain within the gaming industry”.

French games publisher Ubisoft is notably the name that has featured in the greatest number of headlines around describing this event: and there are many reasons for this.

What’s So Special About Ubisoft

Ubisoft is one of the biggest names in the video-game business and is also part of a small, yet growing list of prominent video-game companies which have chosen to dip their toes in the sector (including Nvidia and AMD).

The company has enjoyed a 400% growth in stock value over the past three years, and releases a multitude of blockbuster franchise entries on an annual basis.

Additionally, this week’s news is only the latest in a series of recent stories indicating Ubisoft’s blockchain aspirations such as: a partnership with Google, and the release of a blockchain game entitled ‘HashCraft’.

From Credits to Cryptocurrency

Whilst a far cry from the integer based ‘credits’ system of arcade video-games, fiat-purchased digital currency is (and has remained) an integral part of the games industry ever since.

Original home-console implementations of digital currencies began with the distribution of points and in-game ‘money’ that can be used to buy items within that specific game they are involved in – like power ups and extra lives. This is in parallel to digital implementations of gambling games in casinos and online.

Companies like Ubisoft have implemented and helped to pioneer movements such as micro-transactions (for downloadable content and in-game items). This is alongside ‘games-as-a-service’ models, which often requires subscriptions from players to gain access to content which is creatively updated and added to on a continuous basis.

These examples are centralized, with non-fungible ‘currencies’, and would make prime candidates for ‘tokenization’.

Digital Distribution + Blockchain

Quite arguably the most ubiquitous utilisation of virtual in cryptocurrency in video-games is the digital distribution model.

This is a method of purchasing video-game titles in whole through a virtual marketplace from which they are also downloaded and have been integrated into home-consoles for the most recent two ‘generations.

Beyond Sony and Microsoft’s stores: industry leaders at present include Steam (Valve), Uplay (Ubisoft), and Good Old Games (GOG).

Big Contributions. Small Companies

As proven by the roster behind the Blockchain Gaming Alliance, there is value to be gained from all positive contributions – whether the company specialises in cryptocurrency or video-games.

There is also value to be gained from the contributions of newer organisations which have been formed specifically to catalyse the marriage of blockchain and gaming.

Equiti Games is one such company, hailing itself as a revolutionary approach which will decentralize and tokenise video-games digital distribution. By removing centralized middle-men and platforms taking up to 30% in fees, Equiti Games plans to reduce costs for gamers.

This will be accomplished, according to the company’s website and whitepaper, by using the Ethereum blockchain to connect creators to their customers directly. A maximal proportion of profits will therefore be delivered to the creator whilst a second-hand market is opened up for consumers – making digital products retain their previously transient value.

Terra Virtua is another company which I have mentioned many times due to the pedigree of the executive team as well as their innovative VR-centric approach. They seek to combine two nascent technologies along with video-games, and they have key partnerships with companies like Epic Games (Unreal, Gears of War, Fortnite).

Final Words

So the biggest question which remains to be answered is: what exactly will this ‘Blockchain Game Alliance’ do to blockchain and gaming: both collectively and as separate entities?

Such big actions (and from such large ‘movers’) signals a turning of the tide with ideas that, if implemented, would open up cryptocurrency to a large consumer market and encourage mainstream adoption within and outside of the gaming-sphere.

Other giants in the gaming industry who could benefit the crypto-video game movement significantly include: Activision Blizzard (World of Warcraft, Call of Duty, Overwatch), and console makers such as Sony, Nintendo, and Microsoft.

Featured image courtesy of Shutterstock.

Important: Never invest (trade with) money you can't afford to comfortably lose. Always do your own research and due diligence before placing a trade. Read our Terms & Conditions here. Trade recommendations and analysis are written by our analysts which might have different opinions. Read my 6 Golden Steps to Financial Freedom here. Best regards, Jonas Borchgrevink.

Rate this post:

Important for improving the service. Please add a comment in the comment field below explaining what you rated and why you gave it that rate. Failed Trade Recommendations should not be rated as that is considered a failure either way.
0 votes, average: 0.00 out of 50 votes, average: 0.00 out of 50 votes, average: 0.00 out of 50 votes, average: 0.00 out of 50 votes, average: 0.00 out of 5 (0 votes, average: 0.00 out of 5)
You need to be a registered member to rate this.
Loading...

4.5 stars on average, based on 12 rated posts




Feedback or Requests?

Continue Reading

Altcoins

Crypto Market Development: South Korea’s National Policy Committee Chair Calls For ICO Legalization

Published

on

  • A member of South Korea’s governing Democratic party and the chairman of Korea’s National Policy Committee, Min Byung-Doo, is urging to ease the current regulations on Initial Coin Offerings (ICOs).
  • Min Byung-Doo wants to introduce necessary regulatory framework, allowing ICOs in the country.

Allow ICOs In South Korea

The South Korean National Policy Committee Chief, Min Byung-Doo, is calling for a regulatory framework to be explored. This would be to allow for Initial Coin Offerings (ICOs) to take place within the country. He stated that the current prohibiting of ICOs weakens the industry’s competitiveness appeal with foreign markets. Further boldly adding, this would be preventing growth.

In his statement at to lawmakers, Byung-Doo said, “We can see that the flow of investment is clearly changing compared to ICO and angel fundraising. The ICO has raised $1.7 billion for Telegram and $4 billion for Block.One, it is getting bigger and bigger.”

Further in the statement, Min Byung-Doo said, “Let the government, the National Assembly and the blockchain association quickly create a working group to block fraud, speculation, money laundering and develop the block-chain industry,”. However, he acknowledged the government’s reluctance to create the needed framework.

In September 2017, the Financial Services Commission in South Korea announced a ban on ICOs. The law has not yet been enacted.

Crypto Market Reaction

A lack of reaction has been observed for now, despite this determination to help further legitimize the digital currency market in South Korea. Crypto market developments in the country are always watched very carefully. This is given their large crypto market participation. It was reported in December 2017 that South Korea accounted for as much as 17% of all Ethereum trades occurring in cryptocurrency markets.

Market Reactions To South Korean Related News

Ripple (XRP) crashed in January, following CoinMarketCap’s decision to remove XRP price data from Korean exchange desks. This as a result largely brought down the total average.

XRP/USD Coinmarketcap update triggered drop

On 11th January, Korean crypto exchange Coinrail was hacked, and over $40 million in tokens were stolen. Bitcoin initially dropped over 11% on this.

BTC/USD Coinrail hack triggered drop

One final example, UPbit, a South Korean exchange, was investigated by authorities for illicitly moving customer funds to the account of its executives. Bitcoin initially dropped over 7% on the news.

BTC/USD UPbit investigation triggered drop

Given the above mentioned, one should keep an eye on any developments coming out of South Korea, for the foreseeable future.

Disclaimer: The author owns bitcoin, Ethereum and other cryptocurrencies. He holds investment positions in the coins, but does not engage in short-term or day-trading.

Featured image courtesy of Shutterstock.

Important: Never invest (trade with) money you can't afford to comfortably lose. Always do your own research and due diligence before placing a trade. Read our Terms & Conditions here. Trade recommendations and analysis are written by our analysts which might have different opinions. Read my 6 Golden Steps to Financial Freedom here. Best regards, Jonas Borchgrevink.

Rate this post:

Important for improving the service. Please add a comment in the comment field below explaining what you rated and why you gave it that rate. Failed Trade Recommendations should not be rated as that is considered a failure either way.
1 vote, average: 5.00 out of 51 vote, average: 5.00 out of 51 vote, average: 5.00 out of 51 vote, average: 5.00 out of 51 vote, average: 5.00 out of 5 (1 votes, average: 5.00 out of 5)
You need to be a registered member to rate this.
Loading...

4.5 stars on average, based on 30 rated postsKen has over 8 years exposure to the financial markets. During a large part of his career, he worked as an analyst, covering a variety of asset classes; forex, fixed income, commodities, equities and cryptocurrencies. Ken has gone on to become a regular contributor across several large news and analysis outlets.




Feedback or Requests?

Continue Reading

Recent Comments

Recent Posts

A part of CCN

Hacked.com is Neutral and Unbiased

Hacked.com and its team members have pledged to reject any form of advertisement or sponsorships from 3rd parties. We will always be neutral and we strive towards a fully unbiased view on all topics. Whenever an author has a conflicting interest, that should be clearly stated in the post itself with a disclaimer. If you suspect that one of our team members are biased, please notify me immediately at jonas.borchgrevink(at)hacked.com.

Trending