Accelerator news

Established in 2017. Accelerator aims to position itself as a major Ethereum backbone provider using less electricity and adding more decentralization to the entire Ethereum ecosystem.

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Tron [TRX]’s weekly report: BitTorrent token, Tron Accelerator and more

The cryptocurrency market’s recent behavior has been synonymous with that of a rollercoaster. Popular cryptocurrencies like Bitcoin [BTC], XRP and Tron have played all the sentiment fields, sometimes making investors happy while at other times behaving in the complete opposite manner. Tron’s tussle with the bear has been something to watch as the Justin Sun led Tron has been a consistent gainer among the top ten cryptocurrencies, thanks to several updates and developmental announcements. In the recently released Tron Weekly Report, the Tron Foundation elucidated on the workings occurring on the Tron network. The Technical Development portion of the report stated that the organization was successful in implementing the enhanced safe use of the TRC10 smart contract transfer function. Another update that the Foundation pointed out was the achievement of dynamic changes of resource ceiling on the Tron network. The Justin Sun led cryptocurrency organization also assured holders of the token that the multi-signature process was being tested on the wallet along with the event subscription function. One of the key points stated in the report was the initiation of the Committee Proposal No.15 on the Tron network by Justin Sun. The report said: “When the proposal is activated, users can send TRC10 tokens to smart contract accounts, look up TRC10 token balance through smart contract codes and send TRC10 tokens to general accounts.” The bull surge was also credited in the report where it talked about TRX reaching the number 8 position by market cap. Justin Sun once said that his target for TRX in 2019 is to rise to Number 4 on the cryptocurrency charts. The Tron developer community was also discussed in the report with the addition of a Change Log and the updated API’s pertaining to TRC10 name duplication being a prime example. The report further added: “For TRON Accelerator, we have received 260+ project submission and 360+ project registrations. There are more than 2000 developers on Discord, and more channels will open in the future to display high-quality projects developed by the community.”   The post Tron [TRX]’s weekly report: BitTorrent token, Tron Accelerator and more appeared first on AMBCrypto.
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Tron Price Analysis: TRX Add 4.2 Percent, Accelerator Program Troubles

Tron Price retest 2.5 cents Participants at the Tron Accelerator Program say there was no transparency TRX is today’s top performer, up 4.2 percent in 24 hours BTC and other coins may be struggling, but TRX is up 4.2 percent in the last day. While TRX is trading below 2.5 cents, the asset has found support at Oct 2018 lows. The first target will be at 4 cents in line with our previous trade plans. Tron Price Analysis While most investors are obsessed with Bitcoin, Ripple and Ethereum development, Tron is making substantial progress. Price wise, its top performance has earned it a spot in the top 10, flipping mainstream coins as Cardano. TRX, the native currency of the Tron platform, is up 4.2 percent in the last day spearheading across-the-board crypto asset recovery. The emergence of bulls did cement our overall bullish projection. Although prices sank below 2.5 cents after yesterday’s losses, today’s support off Oct 2018 lows may be the foundation for further higher in sync with late Dec 2018 gains. Fundamentals On the fundamental front, it’s clear that folks at the Tron Foundation have been doing an excellent job. Development as well as tireless marketing has made Tron one of the top contenders ready to topple Ethereum as a market leader in matters smart contracting and dApp launching. We can argue that today’s liftoff could stemmed from the concluded $1 million Tron Accelerator Program where according to Redditors, participants are unhappy: “Tron Accelerator has been such a sh*tshow. So many shady practices going on and 0 transparency. My team didn’t receive any prize, and for a fact I know it wasn’t just another shitty dApp because it was a winner for similar hackathon for a major blockchain. Moreover, I don’t think the judges even took the time to look at the project.” Candlestick Arrangements As mentioned in our previous TRX/USD price analysis, TRX price action is trading within a bullish breakout pattern after Jan 7-9 close above 2.5 cents. Despite Jan 10-13 drawdown, there are hints of higher highs especially after today’s revival. Since TRX support is off Oct 2018 lows, we recommend patience until after prices close above 2.5 cents. After that, traders can initiate longs on every drop with targets at 4 cents. On the reverse side, if bulls fail to start loss reversal and close above 2.5 cents, it is likely that TRX will drop towards 1.8 cents or Dec 28 lows. Further declines could trigger panic sells towards 1 cent. Technical Indicators By Jan 10, TRX average transaction volumes stood at 26 million. However, propelling losses was a bear bar backed by above-average volume bar—96 million according to streams from BitFinex. Therefore, despite recent losses, the trend remains positive, and for buyers to be in charge, we need to see rallies above 2.5 cents supported by volumes exceeding today’s averages of 32 million and even above Dec 21, 45 million. Tron Price Analysis: TRX Add 4.2 Percent, Accelerator Program Troubles was last modified: January 14th, 2019 by Dalmas NgetichThe post Tron Price Analysis: TRX Add 4.2 Percent, Accelerator Program Troubles appeared first on NewsBTC.
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TRON Accused of TRX Coin Price Pump Amidst niTron 2019 Event and Accelerator Competition

There is currently a bit of controversy surrounding TRON’s accelerator competition which closed on the 4th of January 2019 and had a prize of million dollars. This is according to feedback from users on TRON’s discord channel from dapp developers. TRON acquired BitTorrent back in 2018 and its dapp Platform is in the top ten most valuable platforms by market cap. However, there seems to be some trouble in paradise as new accusations have come out according to crypto media site EthereumWorldNews. The accusations The accusation being leveled against TRON is that they are pumping the price of TRX, their native token by luring away dapp developers from other platforms. According to feedback on the channel, they have taken particular interest in luring away developers from the Ethereum platform. This, they say, has been done by means of large competition prizes as well as their accelerator program. According to a Reddit user, TRON recently sent out emails to developers, essentially changing the rules of their completions after it had closed. The change being made was with regards to the distribution of prizes. “Due to the unexpectedly high volume of competitive projects, we have made some adjustments to the prize structure, one of them is to award over 100+ projects instead of 56 projects. More details to be announced soon. Please stay tuned:),” the email allegedly said. This is hardly the only person who has spoken out. A user on discord by the name of Phils stated that the minimum prize for one of their competitors was reduced from $5,000 to $1,000. Phil is apparently representing a Super Representative. Other accusations being made include contestants who aren’t on the mainnet being allowed to win (being on the mainnet is an important criterion for eligibility), no public list of winners, the grand prize winner being a project with no public information and some Ponzi games being picked as winners. What is Being Done? Devs complaining on discord about the accelerator competition. Prizes being reduced, clones winning, no pubic announcement of winners, non-mainnet dapps winning despite rules. Any comment? Wait for nitron2019? — Gary McFarlane (@gary_mcfarlane) January 13, 2019 TRON CEO Justin Sun has been informed of this development on Twitter and according to reports, he has visited the discord channel and a number of copycat projects have been removed from the potential winners of a competition. On top of this, some highly rated projects, one of which Sun himself had praised, had been overlooked by the judges. Sun has said that he will look into the matter. No official statement has been given to developers, however, which fuels the rumors that TRON is only trying to get developers on board to boost their numbers, only to withdraw support for them once they get what they want.
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Have you heard of the Tron Accelerator Program? Sources say it may not be all that it seems to be

As part of its initiative to encourage dapp development on its network, Tron came up with the idea of a competition for developers to compete for prizes. This program is called Tron Accelerator program. According to the details of the program, Tron has earmarked $1million to reward developers in the competition. A Redditor known as 9hil posted information on the cryptocurrency subreddit which indicates that while winners in the competition were supposed to be openly announced yesterday 11 January, the announcement was not made but the company claims it sent emails to the winners privately. The recipients of the emails, however, were not pleased with the content which is like this: “Due to the unexpectedly high volume of competitive projects, we have made some adjustments to the prize structure, one of them is to award over 100+ projects instead of 56 projects. More details to be announced soon. Please stay tuned:)” While some people claim they received emails confirming they won, none of them have confirmed earning any significant prize. The one person who announced on Instagram that he won a $200 thousand prize was found to have done no significant work to earn such an amount in the competition. 9hil claims the winner’s Github project was empty with just three commits and this as the only trace to the project. This made the contestants to question if the full $1 million was actually paid out. One of them wrote: “Nobody even knows that they’ll pay out the full 1,000,000 I can guarantee they won’t. They didn’t pay out the full amount last competition They’re not cutting prize amounts because so many people supposedly entered, they’re cutting them because they won’t pay the full amount. 100 winners is not better than 57 when the majority of those winners took 30 minutes to reskin an existing smart contract on the network You can make all the excuses you want, or try to see the good in it but you’re only lying to yourself When we got $75k shaved off our prize, we weren’t happy because 100 winners were better than 57. They didn’t even pick winners for some of the prizes.“, he added. The contestants also accused Tron of breaking a major rule of the competition which states that all contestants must be on mainnet. Some of the projects that were moved from Ethereum to Tron were actually clones according to the post and the prizes were clearly not awarded based on the volume, users, and transactions as Tron Shrimp which had a ton of followership did not win any prize while other projects with less impact won. The claim that developers abandoned Ethereum for Tron because the latter is better may be false anyway because 9hil claims to know developers who actually did so just to win the prize but intend to continue developing on Ethereum. The post Have you heard of the Tron Accelerator Program? Sources say it may not be all that it seems to be appeared first on ZyCrypto.
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Tron (TRX) Accused of Price Pump In Accelerator Competition Uproar

Tron’s accelerator competition closed on 4 January with $1 million in prize money to be won, but now dapp developers are up in arms, if the outpouring of complaints on the discord channel are anything to go by. Tron, a dapp platform that is now ranked the ninth most valuable by market cap, bought pioneering peer-to-peer filesharing application BitTorrent in July last year. The project is led by Justin Sun and has recently been gaining traction both in terms of adoption and price. But all may not be what it seems at first glance say its many doubters. Price pump accusations It stands accused by of pumping the price of its token – TRX – by luring devs onto its platform, especially from Ethereum, under false pretences with its generous competition prizes in its accelerator programme. Reddit user 9hil is one such critic. He drew attention to the email that has been sent out to entrants changing the rules after the competition had closed: Due to the unexpectedly high volume of competitive projects, we have made some adjustments to the prize structure, one of them is to award over 100+ projects instead of 56 projects. More details to be announced soon. Please stay tuned:) And one poster on discord (phil) apparently representing a Super Representative (a node on Tron’s delegated Proof of Stake consensus system) complained about the cut in the minimum prize size from $5,000 to $1,000, casting doubt on whether the prize money would be fully distributed: Here’s the discord screenshot: And here’s the full charge sheet drawn up by 9hil: They changed the prizes after the contest ended They allowed clones to win but not the original clone onto TRX They allowed contestants to win who didnt meet the criteria (being on mainnet) They allowed projects that arent open source to win The Grand Winner is a mysterious project with barely any info available [STOken Studio – its github code repository has been deleted – https://github.com/chews/stoken] They havent posted a public list of the winners Some blatant ponzi games have won prizes More available on the reddit here. I reached out to Justin Sun on Twitter (and discord) for a comment. Devs complaining on discord about the accelerator competition. Prizes being reduced, clones winning, no pubic announcement of winners, non-mainnet dapps winning despite rules. Any comment? Wait for nitron2019? — Gary McFarlane (@gary_mcfarlane) January 13, 2019 Within 10 minutes he popped up on the discord channel, promising to release a statement in an hour. Here’s the screenshot of the discord interaction: This story is unfolding as I write but to be fair to Justin Sun he is responding to developer complaints. For example the anthill dapp which is a clone of Shrimp Farm (described by 9hil as a ponzi game), which in turn is a clone of the original Ethereum game, is no longer in line for a prize. Sun explained at 9:48 GMT: “After an internal discussion we decide to cancel the price [prize – gm] of anthill and my apologies to all developers” Devs were perplexed as to why high-quality dapps were not getting a look in. One dev who has built a remittance dapp called instancheque – as opposed to yet another game – got nothing. Even an app that had previously been praised by Sun –TronGoo –  and which currently has the largest transaction volumes, apparently only received the bottom prize. This is what Sun tweeted about TronGoo on 9 January: TronGoo has taken the throne in less than 5 days. A huge congratulations for breaking records and becoming the #1 gaming DApp in volume (#2 in users) across all blockchains. It’s been a pleasure for #TRONArcade to work with developers @WorldWarGoo and @FarmTron on this project. pic.twitter.com/6l3evYJA28 — TRON Arcade (@TRONArcade) January 10, 2019 Sun says he is looking in to why TronGoo has been overlooked. A number of dapp developers also say that their submissions had not even been looked at by the Tron team, claiming they were screened out before being seen by judges. One of the judges who posts on discord as Vincent – dappreview wrote: I think they did a screening before sending to judges. I didn’t see all submitted dapps The list we got is less than 40 dapps, I think it’s for big prize No I don’t have the final results Here’s some more context form the discord chat: Other devs say their dapps were disqualified with no reason given, such as dapp called TronJoy. Not enough staff on the job By way of an explanation for the meltdown of the accelerator competition, Sun said that the company only has one person working on it and was fixing that. He also admitted he should have visited the discord channel instead of confining himself to his favoured social media channel, Twitter. Sun is fairly busy on twitter, where he is found of poking fun at Ethereum and co-founder Vitalik Buterin in particular. On 9 November last year Tron beat Ethereum’s daily transaction record set in January 2018 (1,367,488 v 1,349,890). A large part of the transaction total was accounted for by betting dapp TronDice. It is believed the public announcement of winners will take place at the niTROn event taking place next week in San Francisco on 17-18 January. BitTorrent token doubts Simon Morris, previously chief strategy officer at BitTorrent, is disparaging of Tron’s tech, which is derided by its critics as essentially nothing more than a copy of the Ethereum virtual machine, with dPoS bolted on top. Tron has launched a token for BitTorrent (BTT) but Morris, in an interview with Breakermag, expressed serious doubts about the ability of Tron to deliver the transaction throughput required: “But what’s very clear is that they’re going to say they’re going in the same direction, come what may, because that’s what Tron does…it’s basically a marketing machine layered on a very thin veneer of technology.” Crypto market watchers will have noticed that Tron has been outperforming of late. Between 13 December and 10 January, the TRX price increased from $0.0133 to $0.0327, for a gain of 145%, but has fallen steadily since then to $0.0228, according to coinmarketcap. TRXUSD 4-hour chart, Bitfinex (Courtesy TradingView) Judging by Justin Sun’s comments on the discord channel, many of the criticisms are being addressed or at the very least there is some sort of damage limitation operation in progress. Still no statement to devs However, the statement promised to devs on the discord channel is yet to appear, but we will update this story when it does. This episode highlights the seemingly amateurish nature of the conduct of leadership teams and the lack of consideration for matters of transparency by many leading projects in the space. Jimmy Song from Blockchain Capital is not much enamoured by Tron. He predicts the price will drop to 0.001 by 1 February and 0.0005 by 31 December. Sour grapes from competitors? However, all those critics who happen to back other projects, be it Ethereum or EOS, may just be having a bout of sour grapes. The tx numbers presumably don’t lie, but if they are artificially inflated by throwing money at devs only for that support to be subsequently withdraw that support, adoption could presumably plummet. Tron’s mainnet was launched in June last year. It got into trouble for plagiarism last year when it was discovered that its whitepaper include source code copied from Filecoin and the InterPlanetary File System (IPFS) in its whitepaper. Also Sun teased the cryptosphere with hints of a partnership with Chinese internet giant Alibaba which proved not to be the case. Tron does not seem to be much liked in China either, where it is often the butt of much disdained on Weibo. Given its number 9 position of coinmarketcap, it does not even make it on to the latest semi-official Chinese crypto rankings drawn up by the Centre for Information and Industry Development: Tron launched its virtual machine at the end of August 2018. In a discord post an hour or so ago, Sun is pleading for time to fix any problems: luicyjuicy, the dev who posted about the remittance dapp built for Tron, might not be hanging around to find out: “I see lot of real world use case apps on ethereum and hardly few on tron. The only backdraw [sic] is speed on ethereum but they wil  [sic] solve it”             The post Tron (TRX) Accused of Price Pump In Accelerator Competition Uproar appeared first on Ethereum World News.
Ethereum World News

Justin Sun Says Tron to Reach 200 Decentralized Applications Courtesy of niTron and TRX Accelerator Soon

Justin Sun, the founder of the Tron Foundation said that Tron (TRX) will reach 200 decentralized applications (dApps) in the near future. Tron is currently one of the largest digital assets in the space and it has been releasing different projects during the last few months. Tron wants to increase its presence in the market and compete against Ethereum (ETH) and other platforms such as EOS. The number of dApps deployed on the Tron Network has just crossed the 100-mark and the intention is to keep growing. In a recent Tweet, Justin Sun mentioned that the Tron will be breaking 200 dApps very soon. #TRON has 100+ dapps on @DappRadar and 133 dapps on @dapp_review now! 2-3 dapps launched everyday. With #niTROn2019 and #TRON accelerator, we will break 200 very soon! #TRX $TRX — Justin Sun (@justinsuntron) January 12, 2019 In the tweet written by Justin Sun, he mentioned that there are important things going to be developed with the Tron accelerator and with the next event called niTROn. This event is going to take place between January 17 and January 18 in San Francisco. At the event will be present important figures such as Kobe Bryant and Justin Sun himself. At the time of writing, there are 133 different dApps, according to data provided by dAppReview. According to Justin Sun, the number of dApps in the Tron network is expected to increase in the future with the Tron Accelerator plan that has $1 million in prizes for the best competitors. The Tron Accelerator was launched back in December and it will be awarding developers that want to create decentralized applications on top of Tron. The first, second and third winners will have the possibility to be present at the NiTRON summit that will start the next week in San Francisco. These developments are very important because Tron was accused of not being able to support the transactions needed by the newly created BitTorrent Token (BTT). Additionally, the market is in a bear trend and Tron continues to expand even when the prices remain down.
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Tron [TRX]’s Justin Sun: Will break 200 dApps soon with niTron and Tron accelerator

Tron [TRX], the ninth-largest cryptocurrency by market cap, has taken the centre stage because of the recent announcements and developments concerning the ecosystem. The main announcement of the foundation for this year is the launch of the BitTorrent token [BTT] whitepaper, and the crowdfund launch on Binance Launchpad. The news pertaining to BitTorrent led to a massive push of Tron’s price, as Sun had stated that the whole TRX community is going to get the BTT token via airdrop, adding that both the communities have a strong tie. Post this, exchanges announced that they would be supporting the airdrop, with the latest from Bitbns, a leading cryptocurrency exchange platform in India. Additionally, Tron has made advancement in terms of the number of developer applications on the network. The number of dApps on the network has now crossed the 100-mark. Justin Sun, the CEO and founder of Tron Foundation, stated that they the network would soon break through the 200-point, with the support of the upcoming niTron summit and Tron Accelerator. Justin Sun said on his official Twitter handle: “#TRON has 100+ dapps on @DappRadar and 133 dapps on @dapp_review now! 2-3 dapps launched everyday. With #niTROn2019 and #TRON accelerator, we will break 200 very soon! #TRX $TRX” In the month of December 2018, Tron Foundation launched Tron Accelerator, an online contest with a prize pool of $1 million. The winner of the program will be awarded $200,000 and the runner up will be awarded $100,000. The aim of the program is to encourage the development of wallets and blockchain browsers on top of the Tron network. By achieving this, the foundation will be enhancing the entire ecosystem and also providing better user experience to the Tron community. Tron’s first-ever summit is set to take place in San Francisco on January 17 and 18. The summit will be present the well-known influencers in the cryptocurrency space and otherwise and will also showcase the best break-through projects. Additionally, the Foundation will be revealing more details pertaining to BitTorrent and Project Atlas, one of the main highlights of the summit. Dapp_Review said on Twitter: “We have been witness to the rise of #TRON Dapps since late October. More and more devs and pro teams are joining TRON ecosystem. Look forward to seeing more Dapps with complex game-play and mechanics.” The post Tron [TRX]’s Justin Sun: Will break 200 dApps soon with niTron and Tron accelerator appeared first on AMBCrypto.
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UCLA Officially Opens its First Fully-Accredited Blockchain Class Thanks to MouseBelt Accelerator Donation

As many of our readers might already know, blockchain-oriented educational courses are now being offered by a large number of prestigious institutions across the globe. This is because, since 2016, the interest in crypto and blockchain tech has surged exponentially (thereby forcing universities like Stanford, RMIT to offer niche courses oriented around cryptocurrencies). With this in mind, it is now worth noting that the University of California, Los Angeles (UCLA) has also entered the fray and is now providing its students with a unique blockchain-centered engineering course. UCLA Joins In On The Fun In the past, UCLA has been responsible for organizing a wide array of blockchain and cryptocurrency related seminars through its Anderson School of Management. However, as mentioned above, the prestigious institution is now all set to commence its first technical blockchain programming course (this coming January). The course is being offered as a 4-credit special topic and is open to students of electrical and computer engineering as well as those pursuing various computer science streams. In terms of what the course will entail, the official UCLA website states that students will be taught about a host of different topics such as blockchain deployment and design, Ethereum, decentralized apps (dApps), crypto tokens, smart contracts, hash functions etc. More On The Matter The course is going to be presided over by esteemed educationist, John D. Villasenor, in conjunction with assistants Jason Huan and Andrew Battat— both of whom have actively participated in a number of blockchain related workshops via a student organization known as ‘Blockchain at UCLA’. Also worth mentioning is the fact that this venture has been sponsored by a crypto-tech firm called ‘Mousebelt’. In regards to his company’s latest move, Patrick McLain, Chief Operations Officer at MouseBelt, was quoted as saying: “While the market is scary right now, we believe the future is bright. No better way to invest in the future than investing in the youth. For us, this is only the beginning of building the bright future ahead through our University Program.” Final Take While registrations for the course have only just commenced, a spokesperson for Mousebelt claims that a majority of the available seats have already filled up. It now remains to be seen how fruitful this entire exercise turns out for the students as well as the university.
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Blockchain Firm BitFury, PWC Partner To Create Russian Blockchain Accelerator

Auditing firm PricewaterhouseCoopers (PwC) is teaming up with blockchain technology firm Bitfury Group to create a blockchain accelerator for Russian businesses. The blockchain accelerator is aimed developing a number of new blockchain products based on an analysis of the current needs of PwC customers. The auditing firm will be using Exonum, Bitfury’s open source framework for building blockchain applications, to build blockchain solutions for corporate customers and provide new products and solutions to companies in various industries. Dmitry Ufaev, head of Bitfury Russia, said that a partnership of such a level proves that blockchain technology will develop and in the next few years, large-scale blockchain solutions will be implemented in different segments of the economy and business. “Bitfury has an undeniable technological advantage in the development of blockchain platforms for the corporate sector in the territory of the Russian Federation,” Ufaev said. “We are confident that our partnership with PwC will strengthen the blockchain market and open up new prospects for development.” Viktor Nelin, manager of IT consulting services, PwC in Russia, said that they are confident that blockchain technology will allow creating both services for internal corporate use by expanding the functionality of current products and new business models for mass segment. “With Bitfury, our efforts to develop blockchain solutions for corporate customers using the Exonum platform will provide fundamentally new products and solutions for companies in various industries,” said Nelin.
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BitFury And PricewaterhouseCoopers (PwC) To Open A Blockchain Accelerator For Russia

Blockchain Accelerator In The Works For Russia, Thanks To PwC/BitFury Partnership As blockchain technology attempts to find its place in the world, there are plenty of companies that are working to make it possible. A prime example is the new collaboration between PricewaterhouseCoopers (PwC) and BitFury group, which are coming together in an effort to establish a blockchain accelerator. The accelerator will be used to promote business applications in Russia, based on a press release from PwC today. In the release, PwC explains that they’ve already been using Bitfury’s framework for blockchain application creation – Exonum – during seminars and educational forums. However, with this new accelerator project, they are hoping to meet the “current needs” of their Russian enterprise clients. Victor Nelin, who works at PwC’s Russian branch as an IT consulting manager, says that the collaboration will offer “fundamentally new” products over the next few years. These products are expected to reach onto multiple industries during that time. PwC recently performed a study that examined the impact that blockchain technology could have on energy, saying that it has the potential to “drastically” alter how the modern economy handles the sector. As a result of automated business processes, the technology could even lower the costs associated with personnel and the current infrastructure. PwC is the second-largest among the Big Four professional services firms, raking in about $41 billion in this fiscal year. Accounting firm Deloitte precedes them. As progressive as this blockchain accelerator project is, it isn’t the first for BitFury in Russia. In November, they initiated a project with the Plekhanov Russian University of Economics. The partnership allowed for the integration of blockchain-related courses and other educational resources. PwC has voiced plans for their own accelerator that is in the works. It is aimed at their own employees, offering a two-year program to educate their staff on current blockchain information. The program is scheduled to launch next month and could support around 1,000 employees.
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PwC Partners With BitFury to Create Blockchain Accelerator in Russia

PwC Partners With BitFury to Create Blockchain Accelerator in Russia Big four consulting firm PricewaterhouseCoopers (PwC) has partnered with mining and blockchain software company Bitfury Group to create a blockchain accelerator for businesses in Russia, according to a PwC press release today, Dec. 13. The release explains that PwC has already used Exonum — Bitfury’s […] Cet article PwC Partners With BitFury to Create Blockchain Accelerator in Russia est apparu en premier sur Bitcoin Central.
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Ripple’s RippleNet XRP Showcases Real-World Effectiveness: Mercury FX

After partnering up with the firm behind the second largest coin XRP [XRP] Ripple as one of the +200 costumers, Mercury FX announced via their official twitter handle that they transacted their largest payment across RippleNet with a positive conclusion. 1/1 We've made our largest payments across RippleNet using #XRP – 86,633.00 pesos (£3,521.67) from the U.K. to Mexico in seconds. pic.twitter.com/WsHJuZTiOy — Mercury-fx Ltd (@mercury_fx_ltd) January 17, 2019 Using XRP, the firm transferred £3,521.67 or $4,552.41 while they cited that UK based Mustard Foods was able to save £79.17 and 31 hours on the transaction. Mustard Foods could be one of the best examples of the impact of using RippleNet could have as it opened doors to cheaper expenses, quicker orders and faster payments. As covered by John P. Njui on EWN a few days ago, The Ripple company has announced via its website that 13 new financial institutions have joined RippleNet thus propelling the number of total global customers to over 200. RippleNet currently operates in 40 countries across 6 continents. Out of the 13 aforementioned financial institutions, 5 are confirmed as using XRP to source instant liquidity for their cross border payments. The are JNFX, SendFriend, Transpaygo, FTCS and Euro Exim Bank. By the end of this year [2018], major banks will use xRapid as a liquidity tool. By the end of next year [2019], I would certainly hope that we will see…in the order of magnitude…of dozens. But we also need to continue to grow that ecosystem…grow the liquidity. – Brad Garlinghouse The success behind the team from Ripple could be standing by their marketing strategy and future plans of making the financial industry a better place to be. While not displacing traditional banking systems but helping them make payments cheaper and faster, it is finding its way to take spotlight in the crypto-verse. The post Ripple’s RippleNet XRP Showcases Real-World Effectiveness: Mercury FX appeared first on Ethereum World News.
Ethereum World News

BRD Wallet Expands Crypto User Access Across Europe With Coinify Partnership

Coinify, a European-based financial platform that provides a wallet, trading and payment processing solution, has announced that they are integrating BRD Wallet into their platform to deliver BRD wallet access to users across the European region.Specifically, the partnership provides access to virtual currencies, like bitcoin, to 34 countries across the Single Euro Payments Area (SEPA). The SEPA region is a collection of member states in Europe who are part of a payment system that simplifies bank transfers denominated in EUR. The launch is also enabled largely in part by Coinify’s newly rebranded trading solution for wallet partners.Customers will now be able to use BRD Wallet to “purchase bitcoin at cost-efficient rates with SEPA bank transfers” within Coinify’s trading platform. With BRD integration, customers will also retain control over their private keys while using Coinify.Essentially, this provides a large number of users with an efficient and secure way to buy bitcoin and other cryptocurrencies, and then allows them to immediately store it in a manner where they control what happens to their money. Typically, a user will entrust the custody of their private keys to a centralized exchange while they are waiting for trades to be executed and sometimes for much longer than that.Aaron Lasher, co-founder and chief strategy officer at BRD, highlighted the advantages of the integration for security-focused users of the Coinify platform.“We like exchanges and think security will get better in the future, but by using our integrated purchase and trading solutions, you get to keep your funds under your control 99 percent of the time, and only put them at a slightly higher risk for a short period when you make the exchange,” Lasher told Bitcoin Magazine.“Using a non-custodial wallet means that you and you alone control your funds. It’s similar to having physical cash in a (highly secure) safe at home. Only in this case, we provide our customers a digital safe (the BRD wallet) that they can keep in their pocket and carry along. Nobody else in the world has access to your funds but you, and nobody can stop you from sending or receiving funds.”Integrating a wallet that allows users to own their funds and seamlessly make trades on a platform like Coinify could help to push bitcoin adoption forward."The financial industry is ripe for disruption and we see bitcoin and the other virtual currencies as the future of payments,” said Rikke Stær, chief commercial officer at Coinify, told Bitcoin Magazine. “At Coinify, we have experienced first-hand the rising adoption of bitcoin and working with BRD as a user-friendly, decentralized wallet will only encourage the global reach of the currency."“Since launching as the first iOS bitcoin wallet in the App Store over 4 years ago, we’ve grown tremendously in North America,“ Adam Traidman, CEO and co-founder of BRD, said in a statement. “Europe will be strategic in the next phase of BRD’s global growth, and the partnership with Coinify will ensure our success in this crucial endeavour.”In August 2018, Canadian-based Coinberry exchange launched a similar BRD integration, allowing users to quickly and seamlessly buy, deposit and withdraw bitcoin on the Coinberry platform, while keeping control of their keys at all times. This article originally appeared on Bitcoin Magazine.
Bitcoin Magazine

Crypto Payments Service BitPay Reports It Saw Over $1 Billion in Transactions in 2018

Crypto Payments Service BitPay Reports It Saw Over $1 Billion in Transactions in 2018 Major cryptocurrency payment service provider BitPay has reported $1 billion in transactions this past year, according to a press release Jan. 16. According to the report, the company also set a new record for itself in terms of transaction fee revenue. […] Cet article Crypto Payments Service BitPay Reports It Saw Over $1 Billion in Transactions in 2018 est apparu en premier sur Bitcoin Central.
Bitcoin Central
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