Day: October 7, 2019

Enterprise Ethereum Alliance’s Reward Token System Backed by Microsoft, Intel

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Microsoft and Intel are backing a new system of reward tokens created by the Enterprise Ethereum Alliance (EEA). EEA creates new reward token system The EEA, which sets standards for Ethereum-based blockchain applications in business, shared the developments in a statement with Cointelegraph on Oct. 7. The organization said that it has created a new system of reward tokens that receives the support of software giant Microsoft and Intel. The EEA is a blockchain consortium with over 450 enterprise business members such as Microsoft, JPMorgan Chase, Santander, Accenture, ING, Intel…

South Korean KB Kookmin Bank Adopts Blockchain to Improve Internal Processes

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Major South Korean bank KB Kookmin Bank is planning to integrate blockchain technology into its internal processes. As local news outlet Korea JoongAng Daily reported on Oct. 7, KB Kookmin stated that blockchain technology could provide a spectrum of benefits to the financial industry, including the issuance of digital tokens, funding, custodial services and trading. Taking a proactive approach toward blockchain adoption As for the bank itself, it intends to deploy decentralized ledger technology to fight money laundering, improve verification services, custodial services and token offerings. Lee Woo-yeol, CIO at…

Widow of QuadrigaCX Founder Hands Over $9 Million in Assets to Users

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Robertson returns most of her assets On Oct. 7, Jennifer Robertson announced in a personal statement, posted by Coindesk, that she would be transferring the vast majority of estate assets — previously valued around $9 million — to EY Canada. The Big Four audit firm acted as the bankruptcy trustee of QuadrigaCX during its insolvency hearings. Robertson stated: “I have now entered into a voluntary settlement agreement where the vast majority of my assets and all of the Estate’s assets are being returned to QCX to benefit the Affected Users.” In her statement, Robertson…

Microsoft, Intel Back Ethereum-Based Token to Reward Consortium Efforts

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The Enterprise Ethereum Alliance (EEA), the consortium charged with creating standards for businesses to build applications using the ethereum blockchain, has created a system of reward tokens to incentivize groups of companies. The system is backed by Microsoft and Intel. Showcased Tuesday at Devcon 5, the annual ethereum developers conference being held in Osaka, Japan, the so-called trusted reward token is a way of accruing and calculating rewards for active participation in a consortium. Michael Reed, who manages the blockchain program within Intel’s software and solutions group, explained there are…

QuadrigaCX Founder’s Widow Will Cough Up $9 Million to Repay Users

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Jennifer Robertson, the widow of QuadrigaCX founder Gerald Cotten, is transferring nearly $9 million ($12 million CAD) in assets to EY Canada, the bankruptcy trustee for the now-defunct crypto exchange. Robertson announced the move in a statement on Monday, saying since her husband’s death late last year, she had “made every effort” to assist in the recovery of QuadrigaCX’s assets.  The exchange folded earlier this year, after Robertson and other Quadriga-affiliated entities realized they did not have access to the company’s cold wallets, and therefore could not access any of…

QuadrigaCX Founder’s Widow Will Cough Up $9 Million to Repay Users

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Jennifer Robertson, the widow of QuadrigaCX founder Gerald Cotten, is transferring nearly $9 million ($12 million CAD) in assets to EY Canada, the bankruptcy trustee for the now-defunct crypto exchange. Robertson announced the move in a statement on Monday, saying since her husband’s death late last year, she had “made every effort” to assist in the recovery of QuadrigaCX’s assets.  The exchange folded earlier this year, after Robertson and other Quadriga-affiliated entities realized they did not have access to the company’s cold wallets, and therefore could not access any of…

Price Analysis 07/10: BTC, ETH, XRP, BCH, LTC, EOS, BNB, BSV, XLM, ADA

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Bitcoin looks to be stabilizing. If that happens, select altcoins might outperform. Let’s study the charts. Total crypto market capitalization has held the $200 billion mark for the past few days. This is a positive sign, as it shows that market participants are not panicking at lower levels but are using dips to buy. The first leg of the bull phase was led by Bitcoin, which saw its dominance rise from just above 50% at the start of the year to about 71% in early-September.  In the last few days,…

DApp Transaction Volumes, User Base Slump In Q3 2019

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Decentralized applications’ (DApps) transaction volume and user activity have slumped in the third quarter of 2019, a new study shows. DApp.com — an analytics platform for DApps built on Ethereum, EOS, Steem, Tron, TomoChain, IOST and Blockstack — revealed its recent findings in a press release shared with Cointelegraph on Oct. 7. An overall market assessment showed that DApps built on the six aforementioned blockchains reported a total transaction volume of $2.03 billion in Q3, down 40% compared with Q2. Only 36% of the DApp users from Q2 used DApps…

4 Noncustodial Bitcoin Cash-Powered Payment Button Generators

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Bitcoin cash development is popping, whether it’s from engineers programming infrastructure or developers creating third-party resources. One innovative concept is the use of embeddable payment buttons that allow people to tip and donate using BCH payments. Just recently, a new BCH-based payment button was released called Donatebutton.cash, which gives anyone the ability to accept online donations in bitcoin cash. Also Read: McAfee to Launch Decentralized Token Exchange With No Restrictions Donatebutton.cash: A Simple Bitcoin Cash Donation Button Generator BCH fans were recently introduced to a new payment button website called…

Key Trading Indicator Suggests Bitcoin Bulls Are Steadily Accumulating

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Bitcoin (BTC) closed the week with a selloff, pushing price below the $8k handle and printing a close down 2.5% for the week as a whole. Despite an ominous close to the bottom of the trading range, Bitcoin has rebounded higher this morning alongside other cryptocurrencies, with notable gainers XRP and Link breaking 10% gains for the day.  With that in mind and with Bitcoin sat at a crossroads, we will take a closer look at the key timeframes to try and determine if Bitcoin is nearing a bottom.   Daily…