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Category: cryptocurrencies – Page 54

Enjin Mobilizes 20 Million Gamers & Blockchain to Help Humans Live Longer

Enjin, an information technology company focused on online gaming and the cryptocurrency sector, has been at the forefront of blockchain innovation for over a decade. Unlike the vast majority of decentralized projects that have no real products and struggle for adoption, Enjin boasts an ever-growing portfolio of products, including: Enjin Network, Enjin Wallet, EnjinX, Efinity and Enjin Coin (ENJ), and a thriving global community of over 20 million registered gamers. By leveraging its leading-edge technology and active ecosystem, Enjin is positioning itself to revolutionize how donors interact with the charities and social impact organisations they care about most.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20190311005265/en/

Some of the unique collectible NFTs designed by Enjin for the SRF donations pilot

Coinbase Preventing Account Closures as #DeleteCoinbase Movement Spreads

https://paper.li/e-1437691924

Multiple users are reporting on social media that they are currently unable to delete their Coinbase accounts. This news comes as some cryptocurrency enthusiasts continue to clamor for a boycott of the exchange giant over its recent acquisition of Neutrino.

Amid the clamor for a boycott on Coinbase, some users are saying that the company is preventing them from closing down their accounts. Respondents say they followed the fairly easy account closing procedure only to be met with error messages.

Even more puzzling is the fact that these users say they have gotten rid of their dust – infinitesimal cryptocurrency fractions leftover from transactions. Self-professed Bitcoin maximalists like Adam Moore and Jeremy Seaside report zero account balances but still unable to close their accounts.

Chinese internet users turn to the blockchain to fight against government censorship

Thanks to blockchain, internet users have achieved some victories in the fight against China’s strict internet censorship.

A historic moment was made on April 23. Peking University’s former student, Yue Xin, had penned a letter detailing the university’s attempts to hide sexual misconduct. The case involved a student, Gao Yan, who committed suicide in 1998 after a professor sexually assaulted and then harassed her.

The letter was blocked by Chinese social networking websites, but an anonymous user posted it on the Ethereum blockchain.

How J.P. Morgan’s fake cryptocurrency threatens SWIFT, Western Union and Deutsche Bank’s real business.

Last week JP Morgan announced that it had developed its own cryptocurrency, the“JPMCoin”. Lost in the much of the noise about whether or not the JPMCoin is a real blockchain or cryptocurrency is the fact that, for mainstream blockchain adoption, the announcement is a big deal. Don’t get me wrong. The JPMCoin is no more a cryptocurrency than say Fortnight’s V-Bucks or your airline miles are. However, for blockchain the technology (even if JPMorgan isn’t actually using a blockchain) the mere mention of the possibility that blockchain like tech is being adopted by the 6th largest bank in the world, a meaningful way, is a big step towards mainstream adoption.

As you consider this here are a few points you can confidently share with your colleagues and friends:

  1. The #JPMCoin isn’t a #blockchain or a #cryptocurrency
  2. That doesn’t matter because JPMorgan’s modern day #DigitalAbacus does solve real business problems and proposes real operational cost savings, aka revenue generators
  3. #Swift, #WesternUnion & #DeutsheBank should be concerned because when the worlds 6th largest bank adopts a means of saving X% on #settlement, #creditcard, #remittance and #banktransfers this could directly cut into their core revenue streams
  4. Because JPMorgan didn’t adopt #blockchainlike technology for accounting, for the greater good of transparency, trust, blah blah blah
  5. They did it for operational efficiencies that would translate into revenue 6 Coincidentally, Ripple rejoices! As the #JPMCoin validates their entire business model as only the 6th largest bank in the world can.

Too, JPM’s entry into the internal/private permissioned psuedo #blockchainworld of operational efficiency disrupts Ripple’s competitors. This is a blessing for Ripple, as it is easier to take down a global banking middlemen (Swift) if another global banking titan (JPMorgan) decides it wants to cannibalize its fellow banking middleman.

Continue reading “How J.P. Morgan’s fake cryptocurrency threatens SWIFT, Western Union and Deutsche Bank’s real business.” | >

Canadian cryptocurrency fund boss Gerald Cotten died – and US$190million of his investors’ money may be encrypted forever

US$190 million in investors’ money has been locked since Cotten died in December. His widow says she doesn’t know his passwords.

About US$190 million in cryptocurrency has been locked away in a online black hole after the founder of a currency exchange died, apparently taking his encrypted access to their money with him.

Investors in QuadrigaCX, Canada’s largest cryptocurrency exchange, have been unable to access their funds since its founder, Gerald Cotten, died last year.

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