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Kik Announces It’s ‘Here to Stay’ in Apparent Reversal of Fortunes

Social media and messaging app Kik has revealed it’s “here to stay,” in an apparent reversal of earlier plans to shut down amid legal difficulties. Canadian social media and messaging app Kik has revealed it’s “here to stay,” in an apparent reversal of earlier plans to shut down amid legal difficulties. In an official tweet posted on Oct. 13, the company announced: “Great news: Kik is here to stay!!!!AND there’s some really exciting plans for making the app even better. More details coming soon. Stay tuned.” “More soon” and “stay tuned”As previously reported, Kik had been embroiled in a costly legal battle with the United States Securities and Exchange Commission (SEC) over its initial coin offering’s designation, with the regulator suing the company for having conducted an allegedly unregistered $100 million token offering. Having pared down its workforce from 151 to just 19 and mulled a complete shutdown — according to a blog post from CEO Ted Livingston late last month — the compan..

Coinbase Custody Announces Support for Maker Governance Voting

Coinbase Custody now allows Maker holders to participate in the project’s governance. Coinbase Custody now allows Maker (MKR) holders to participate in the project’s governance without withdrawing their funds. The announcement comes from a Coinbase blog post published on Oct. 11. By implementing the governance feature, Coinbase Custody enables MKR holders to participate in on-chain governance directly on the platform, avoiding the need to withdraw their funds from third-party custodians. This, according to the post, will purportedly attract more participants to the MakerDAO Multi-Collateral Dai (MCD) voting, which is expected on Nov. 15. MakerDAO’s upcoming voteThe launch of MCD is expected to introduce new features to the Maker Protocol such as Dai Savings Rate and additional CDP collateral types. The project is planning to provide MKR holders with a range of documents to review, while the announcement specifically states: “MKR holders will also soon review and vote on the terms of t..

FC Bayern Munich Announces Digital Token to Boost Fan Engagement

FC Bayern Munich to launch digital collectibles of its players using blockchain technology. Germany’s FC Bayern Munich has become the latest football club to announce blockchain-based merchandise for fans. As reported Oct. 11, the club will partner with Stryking Entertainment to produce digital collectibles of its players. Play FC Bayern Munich past vs. presentThe collectibles will take the form of digital player cards with the likenesses of FC Bayern Munich players, past and present. Stryking is also creating a fantasy-league style challenge for the cards, offering a gameplay aspect to the collectibles. Fans can build virtual squads and play each other with outcomes derived based on current form and historical data. More clubs are expected to join Stryking as licensing partners for the system. Just the latest football/blockchain link-upThere seems to have been quite a trend for European football clubs to sell tokenized collectibles of late. Just last month, Spanish club Atletico Mad..

Bitmain Announces Two New ASIC Cryptocurrency Mining Rigs

Jihan Wu, co-founder of leading ASIC miner producer Bitmain, announced two new series 17 Bitcoin mining machines. Leading Application Specific Integrated Circuit (ASIC) producer Bitmain announced two new series 17 Bitcoin (BTC) mining machines in a blog post published on Oct. 9. Bitmain: higher efficiency and hashrateBitmain co-founder Jihan Wu announced the S17+ and T17+ mining machines at the World Digital Mining Summit (WDMS) in Frankfurt. Bitmain claims that the new ASICs feature improvements to power efficiency and hashrate. The post states that the new hardware is capable of performing tens of trillions of hashes per second (TH/s): “The Antminer S17+ has a hash rate of 73 TH/s and operates with a power efficiency of 40 J/TH + 10%, while the T17+ offers a hash rate of 64 TH/s and a power efficiency of 50 J/TH + 10%.” The announcement also mentions the dual tube heat dissipation technology featured in the new machines and claims that “the space between the air inlet to the air out..

Bittrex Announces New Trading Platform Based in Liechtenstein

Cryptocurrency trading platform Bittrex has announced Bittrex Global, a new platform headquartered in Liechtenstein. Cryptocurrency trading platform Bittrex has announced Bittrex Global, a new platform headquartered in Liechtenstein. Per a press release shared with Cointelegraph on Sept. 30, Bittrex is expecting to roll out Bittrex Global at the end of October in the city of Vaduz, Liechtenstein. A fundamental reason for Bittrex’s choice to set up a new trading platform in Liechtenstein is the country’s regulatory clarity toward digital currencies and blockchain technology. New products in accordance with European Union lawBittrex Global is planning to develop new features and products, including customer reward programs, credit card interoperability, private token sales under EU law and a mobile app for trading cryptocurrencies. Following its launch, Bittrex Global also intends to register under the Transaction Systems Based on the Trustworthy Technologies Act, also known as the Bloc..

Bytom Global Dev Conference Announces Winners, Awards $30,000 Grand Prize

TwitterFacebookLinkedInReddit Carrying a vision of a programmable economy, Bytom believes that blockchain’s potential is still not being realized by the industry and the masses. The decentralized economic system pushes for practical applications of the technology, rather than being simply cryptocurrency centric. Practical Contest, Practical WinnersThe Bytom 2019 Developer Conference (DevCon) follows the success of its 2018 predecessor in China. The 2019 event based in Fort Mason, San Francisco, United States, saw the registration of more than 50 teams from different countries of the world, including India, United States, Russia, China and Brazil. Since its inception, Bytom has pushed for a practical application of blockchain and the 2019 DevCon sought no different. All participants were given a chance to showcase an application on the same principle. Out of the total 50 participants, 6 were selected as winners and given a chance to present their practical ideas to the DevCon panel. For..

Mammoth Blockchain Project, Ten Billion Coin, Announces New Partnership, Triple IEO

Fundamentally changing how humanity is looking at data storage and transmission, blockchain tech has all the characteristics to be hailed as a part of the 4th industrial revolution. Furthermore, it has shown in the last ten years that it is flexible, adaptable, secure and efficient. Meeting Resistance Even with all the benefits promised by blockchain technology, its adoption is still very slow. Many firms and organizations are still apprehensive about the technology, due to several reasons. Not all companies are technologically adept. They may not understand the blockchain technology itself and the fear of the unknown can be a powerful deterrent. The financial aspect of shifting to decentralized technology is another factor. Sometimes the cost of abandoning legacy systems can be too much for a company to bear in the short term. It doesn’t help as well that the technology is still new and that means there are not many developers around. The shortage of good blockchain programmers is..

R3 Announces Planned Dublin Office Amid Aggressive Expansion

Enterprise blockchain developer R3 has announced a new Dublin office opening in 2020 as part of its rapid expansion plan. Enterprise blockchain developer R3 announced on Aug. 14 that it intends to open a second European office in Dublin in 2020. This comes just weeks after doubling the size of its London hub as part of an aggressive expansion plan. Hiring to expand global headcount by 25%The new office will serve as a tech hub, staffed largely with engineering specialists working closely with the existing London team. R3 has embarked on a hiring mission, which aims to increase its global headcount by around one quarter. As well as the Dublin engineers, this will include commercial and client-facing roles around the world. Dublin has been increasing in popularity as a tech hub, positioning itself as a successor to post-Brexit London, with low corporate taxes and other benefits. R3 CEO David Rutter said, “We chose Dublin because of the deep pool of existing blockchain and technical skil..

IOHK CEO Charles Hoskinson Announces Upcoming Release of Cardano v1.6

Charles Hoskinson, the CEO of IOHK, says that version 1.6 of Cardano is set to roll out within days. Charles Hoskinson, a former CEO of the Ethereum Network and current CEO of IOHK, has announced that IOHK-supported project Cardano is rolling out version 1.6 within a few days’ time. Hoskinson teased the upcoming launch in a Twitter post on Aug. 13. Hoskinson also asked users to send screenshots and comments on the latest version of Daedalus, which is an open source cryptocurrency wallet also backed by IOHK. As per IOHK’s website, Cardano is a blockchain platform that uses the proof of stake algorithm Ouroboros. Its native cryptocurrency, ADA, is based on the functional programming language Haskell. Daedalus, for its part, is the only cryptocurrency wallet that supports ADA. Additionally, the website states that Daedalus can also be used as a wallet manager to organize and provide backup for other wallets and their assets. A new project for HoskinsonAs previously reported by Cointelegr..

BitMart Announces Investment From China-Based VC Firm Fenbushi Capital

Digital assets trading platform BitMart announces investment of millions from Chinese blockchain-focused venture capital firm Fenbushi Capital. Digital assets trading platform BitMart has reportedly secured “millions of investment” from Chinese blockchain-focused venture capital firm Fenbushi Capital. BitMart announced the news on Aug. 7. To bring transparency to the global economyWith the investment, BitMart has joined over 50 international blockchain projects Fenbushi has invested in, aiming to achieve more transparency and efficiency in the global economy. Sheldon Xia, founder and CEO of BitMart, said: “The strategic collaboration with Fenbushi Capital and Bitrise Capital will undoubtedly help to establish a more open and transparent capital raising ecosystem for both investors and high-quality assets.” Following the investment, BitMart’s Global Strategic Advisory Committee will onboard new member Bo Shen, founder and general partner of Fenbushi Capital. Shen follows a string of ne..
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