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Despite the market condition, top currencies, Bitcoin and Ethereum, struggle to regain their values. On the other hand, some altcoins, AR, and NMR are showing a significant gain charm over 14-days. Since the Fed Reserve decided to raise interest rates and the May inflation report, Bitcoin has been floating in a
Read MoreNumerai, the company behind the numeraire (NMR) token, bills itself as “world’s last hedge fund by predicting the stock market.”Numeraire is software acting as a hedge fund that aims to enable users to trade stocks on the Ethereum blockchain.The project uses artificial intelligence and crowdsourced stock market predictions, relying on
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Hedge fund Numerai is offering $50 million of its numeraire (NMR) token to quants, researchers and even fellow funds that provide original stock market “signals” into its data clearinghouse, Numerai Signals.UPDATE (10/12/20 19:32 UTC): This article has been updated to reflect who can utilize Numerai and how the payout mechanism
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Numeraire (Symbol: NMRUSD) bulls are bracing for a yearly high as its price rises by about 40 percent
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