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Emurgo’s Partnership With Korean Trade Associations To Boost ADA Adoption

Per a recent announcement, Emurgo, Cardano’s official commercial and venture arm has recently signed a memorandum of understanding with the Korea Blockchain Contents Association (KBCCA) and the Korea Mobile Game Association (KMGA), both of which are approved by the South Korean Ministry of Science and ICT. KBCCA & KMGA both have a clientele consisting of local enterprises. The partnership will help the companies develop Cardano’s blockchain-based solutions. Furthermore, Emurgo seeks to integrate Cardano into the digital content a mobile gaming industries. From the CEO’s Desk Ken Kodama, the CEO of Emurgo, said, “EMURGO is pleased to collaborate with KBCCA & KMGA to foster the continued development of blockchain-based content & mobile gaming industries. With digital content & mobile gaming rising in popularity year after year, there is a huge untapped potential to implement blockchain-based solutions into these lucrative industries,” Highest Smartphone Penetration Rate As per studies, South Korea has the highest smartphone penetration rate in the world. Interestingly, 9 out of 10 South Koreans own a smartphone. Moreover, South Korean consumers are increasingly using online content platforms for media consumption. Further, this is catalyzed by the high smartphone penetration rate and content-rich platforms. Reportedly, Korean adult consumers spend more than half of their time on these digital content platforms. Thus, the tech-savvy atmosphere in South Korea makes up for the perfect foundation to implement Cardano’s third-generation blockchain-based solutions into leading game development and content creation enterprises. About EMURGO  EMURGO is headquartered in Singapore, with a presence in Japan, the USA, India, and Indonesia. The firm works in close collaboration with IOHK and The Cardano Foundation to grow Cardano’s ecosystem globally, and promote its adoption. ADA Price Source-CoinMarketCap Cardano’s native cryptocurrency, ADA has seen a jump of 5.14% in its price in the past 24 hours and is trading at $0.05 at press time. The post Emurgo’s Partnership With Korean Trade Associations To Boost ADA Adoption appeared first on Coingape.
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Circle’s Jeremy Allaire claims Bitcoin’s growing adoption will drive individuals to convert long-term wealth into digital assets

Trade wars are usually good news for non-sovereign, highly secure digital stores of value. With Bitcoin [BTC] registering continuous growth in adoption rate, Circle CEO Jeremy Allaire pictures a scenario where individuals will convert a part of their long-term investment capital into digital assets. Circle shared the interview with Global Coin Research over its official […] The post Circle’s Jeremy Allaire claims Bitcoin’s growing adoption will drive individuals to convert long-term wealth into digital assets appeared first on AMBCrypto.
AMBCrypto

Cardano’s venture arm partners with Korean trade associations to drive Ada adoption

Cardano’s official commercial and venture arm, Emurgo, signed a memorandum of understanding with two government-approved trade associations in Korea. The partnerships will focus on implementing Cardano for Korean digital content and mobile gaming. Emurgo enters the Korean market Cardano adoption continues to grow in Asia. The company’s official partner and commercial arm, Emurgo, partnered with two trade associations in Korea. According to an Aug. 20 press release, Emurgo formally signed a memorandum of understanding (MOU) with the Korea Blockchain Contents Association (KBCCA) and the Korea Mobile Game Association (KMGA), both of which are approved by the South Korean Ministry of Science and ICT. The partnership will bring the companies together and help them develop Cardano’s blockchain-based solutions. Emurgo will work on integrating Cardano into the digital content and mobile gaming industries, two of the fastest-growing sectors in Korea. Ken Kodama, the CEO of Emurgo, said that mobile gaming was a lucrative industry with a huge potential for blockchain implementation. Korea’s gaming craze a perfect environment for blockchain Considering that Korea has the highest smartphone penetration and mobile gaming rates in the world, the country is the perfect tech-savvy environment for driving blockchain-related adoption. The high rate of smartphone ownership (9 out of 10 South Koreans own a smartphone) has made South Korea one of the biggest consumers of online content. An eMarketer study found that Korean adult consumers spend more than half of their time online on digital content platforms. In combination with mature technological infrastructure, Korea will be a perfect place to implement Cardano’s third-generation blockchain-based solutions, Emurgo said in its press release. Leading game development and content creation enterprises, hundreds of which are members of both KBCCA and KMGA, will be able to benefit from these solutions. We are yet to see whether these partnerships have any major effect on Cardano’s ADA, which saw a slight price increase in the past couple of days, growing over 6 percent between Aug. 21 and Aug. 22. The post Cardano’s venture arm partners with Korean trade associations to drive Ada adoption appeared first on CryptoSlate.
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Institutional Adoption: The First-Ever Multi Instrument Block Trading Solution Announced by Deribit Exchange

For years the method for crypto-derivative trading had a basic implementation that brought a significant amount of risk. Institutional traders were communicating and negotiating privately large trades via Skype and Telegram, whereas the order book’s execution was manually coordinated afterward. The main risk is mostly related to the execution itself as the combination trades, and the spread was fluctuating, making the upcoming trades more unstable. A newly announced partnership between Paradigm and the cryptocurrency derivatives exchange Deribit aims to solve this problem by allowing institutional crypto-derivative traders to negotiate and execute orders on the platform. Multi-Instrument Block Trading Solution With this newly announced partnership, both companies present a more proper execution, and the risks are efficiently eliminated as the public tape is shown as block trades. “This solution allows you to negotiate deals privately on Paradigm and have them centrally cleared on Deribit, eliminating execution risks like front running. It’s a crucial step in onboarding institutional traders in the world of crypto.” Marius Jansen, COO and Co-Founder of Deribit told CryptoPotato. Paradigm automates price negotiations and settlement workflows for OTC digital asset traders. The platform grants its users with management tools such as approving specific counterparties before a certain trade with them is conducted and a full directory of potential counterparties. The block trading will be availabe both on the Paradigm system and directly on Deribit via API. It’s also important to mention that Paradigm may not be accessed by US citizens, as well as some more minor territories. Institutional Adoption On The Rise By providing the automated trade solution, this partnership is continuing an exiting wave of institutional cryptocurrency adoption from the last few months. This comes just days following Bakkt’s futures launch date announcement, something that the crypto community had been waiting for long. The post Institutional Adoption: The First-Ever Multi Instrument Block Trading Solution Announced by Deribit Exchange appeared first on CryptoPotato.
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DIGEST

Updates on Shift Card, Bank of Lithuania and ETF rules in Indonesia, police to tackle some crimes in Canada India and Turkey, IIT Bombay to join Ripple's UBRI, UAE waste permit portal on blockchain, Germany's interest and Spain's skepticism, Oracle for Czech SDK.finance

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HIGHLIGHT

There are 4k crypto ATM worldwide, according to Сoinatmradar. The leader is North America with 71.3% of all machines installed, following by Europe (25%) and Asia (2.56%). The most popular altcoins are LTC and ETH, correspondingly. Rates come up to 8.85% buying rate and 7.9% selling rate on average

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OPINION

Why Thinking In Terms Of Crypto Doesn't Work

The developers of Samurai wallet removed fiat conversions, explaining that people should understand that by sending Bitcoin they send Bitcoin, not dollars, so there's no need to think in fiat terms. But this seems like an improper decision...

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Bitcoin, Bakkt and Ethereum Classic Headline Volatile Week for Crypto Industry

Coming off one of its worst declines since the 2019 bull market began, bitcoin appears to have found support above $10,000, a psychologically significant level that has […] The post Bitcoin, Bakkt and Ethereum Classic Headline Volatile Week for Crypto Industry appeared first on Hacked: Hacking Finance.
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Waves (WAVES) Decentralized Exchange Announces ERC-20 Support

Waves, a decentralized platform building operability for Web 3.0 protocols, has officially announced support for the ERC-20 token standard for projects launched on Ethereum. As per the press release, voting for the first listing occurred last year, and Bancor (BNT) won by a significant margin. As of August 22, 2019, BNT was trading on theRead MoreRead More. The post by Ashwath Balakrishnan appeared first on BTCManager, Bitcoin, Blockchain & Cryptocurrency News\
BTC Manager

Ex-Overstock CEO Byrne Talks Timing Of Resignation With Fox, 'Political Espionage'

Former Overstock.com Inc (NASDAQ: OSTK) CEO Patrick Byrne stepped down Thursday after two decades of running the company. His resignation is quite bizarre and includes references to the "deep state" and Clinton family. Hours after his resignation, the executive appeared on Fox Business' "Bulls & Bears" to discuss his decision.  The Timing Overstock held a party Tuesday to celebrate its 20th anniversary, and now is a "perfect time" to resign, as everything is in a "perfect place," Byrne told Fox Business. Most notably, the tZero blockchain business was just voted as a potential winner in the ...Full story available on Benzinga.com
Benzinga

One of the Top 100 Coins is Up 220% today. What’s the Deal with it?

A controversial cryptocurrency, RChain is currently showing massive growth in its trading volume. It is ranked 74th on Coinmarketcap with 220 percent growth in the past 24 hours. Zero Trading Volume on Some Exchanges According to the data provided by Coinmarketcap (CMC), RChain (RHOC) cryptocurrency is exhibiting the aforementioned price surge on August 23, 2019. RHOC is currently trading at $0.188 against the US Dollar and has a the market cap of $70,373,643. It is interesting to see that on August 22nd, this cryptocurrency was at $0.057 but it suddenly skyrocketed to over $0.188 on August 23rd. RChain Crypto | Coinmarketcap RChain runs on top of Ethereum platform and is available on 7 crypto exchanges in different trading pairs. Presently, RChain is actively trading on Bitinka, KuCoin, CHAOEX, BitMarket, Bilaxy, Hotbit and CoinPlace cryptocurrency exchanges with a very low 24-hour trading volume. A few exchanges are even showing zero trading volume of the coin. RChain Market | Coinmarketcap Although it is a top 100 coin today, such a sudden spike in the trading volume of a cryptocurrency is unusual it is bound to make the crypto community skeptical. This cryptocurrency was at $2.90 in January this year with the 30th rank on CoinMarketCap. Fishy Behaviour According to the earlier reports, RChain Cooperative claimed that the RChain organization was facing bankruptcy. In early 2019, it was asserted that RChain’s liabilities were exceeding its liquid assets, thereby making it “Functionally bankrupt”. As per another post in April 2019, RChain informed its community that the company suffered a scam. Accordingly, KuCoin exchange (which is one of the exchanges which listed RHOC token) blocked the crypto wallet address of the scammers. RHOC in its blog summarized the scam as follow; “The RHOC being held by the scammers will not be honored upon reaching Genesis”. Th reason behind the coin’s sudden growth is unclear, but it is to be noted that this behaviour is typical of coins that are involved in pump and dump schemes. So readers, what do you think about RHOC’s token spike? Let us know in the comment below Image Source – Chainrock medium blog The post One of the Top 100 Coins is Up 220% today. What’s the Deal with it? appeared first on Coingape.
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15% Ethereum Classic Pump Stokes Giddy Altcoin Season Dream15% Ethereum Classic Pump Stokes Giddy Altcoin Season Dream

By CCN Markets: Ethereum Classic (ETC) is currently on a massive bull run this week, increasing its price by 30% in three days. The cryptocurrency continued its surge steadily today, skyrocketing its value by over 15% today. $ETC #EthereumClassic making a bit of a commotion. Is this finally the start of $altszn ? #crypto #bitcoinboom […] The post 15% Ethereum Classic Pump Stokes Giddy Altcoin Season Dream appeared first on CCN Markets Ethereum Classic (ETC) is currently on a massive bull run this week, increasing its price by 30% in three days and by over 15% today.
CCN
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