The most recent news update on the Coincheck heist is better than expected for the 260,000 traders who lost money in the theft. The Japanese cryptocurrency exchange has promised to reimburse its customers $260 million more than the current market value of the stolen coins. https://www.newsbtc.com/2018/03/09/315130/
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Blockchain-oriented companies are always looking for ways to gain a competitive edge over others. In some cases, that means switching from one blockchain to another. For its part, Tutellus is switching over from Ethereum’s blockchain to NEM’s chain. It’s a remarkable decision, although it remains to be seen if this creates a precedent for other companies. Full article: https://themerkle.com/tutellus-drops-ethereum-in-favor-of-nems-blockchain/
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Coincheck Hack Update: Statement from NEM.io Foundation President Lon WongTo the NEM community, On behalf of the NEM Foundation we want to thank the NEM community for its continued support. The Coincheck failure has impacted all of us, and we share the frustration, sense of loss and violation. As a community, we were harshly reminded that we are only as strong as our weakest link. As the foundation, we’ll continue to support and promote the superior blockchain that is NEM. Even as we go through these hard times, the open source community work on the NEM blockchain keeps going strong. The XEM trading exchange has had a wake-up call to double-check security measures and deploy all necessary security mechanisms moving forward. Together, we can continue to create a robust ecosystem for the future. The NEM.io Foundation is a non-profit organization dedicated to promoting the development and adoption of the NEM blockchain network. We help developers, business users, startups, exchanges, and the community. Obviously, the activities of any third party are beyond our control. Lon Wong President ---- FOLLOW NEM ---- NEM Websites: https://nem.io/https://nemflash.io/Facebook: https://www.facebook.com/ourNEM/Youtube: https://www.youtube.com/channel/UCnsSiqyb0PuQkqT4v8Xjugwhttps://www.youtube.com/channel/UC1rMoMdDtHTXXfRg_iR-QJQTwitter: https://twitter.com/nemofficialhttps://twitter.com/inside_nemhttps://twitter.com/2017LonTelegram: https://t.me/nemredhttps://t.me/nemberiahttps://t.me/newsonnemReddit: https://www.reddit.com/r/nem/BCT: https://bitcointalk.org/index.php?topic=654845.0
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We are pleased to announce that ATUM has joined the #NEM Foundation as a member. ATUM has also entered into a technical partnership with #NEM. We have chosen #NEM as it is the most advanced #Blockchain due to scalability and availability of oracles. https://twitter.com/atumchain/status/969353901597011968?s=21
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Speaking from the Bahamas, the company’s CEO said Bankorus was “very excited” to be working with JD.com; Gregory “Greg” Van den Bergh, initially came up with the basis of the idea whilst studying for an MBA at the Cheung Kong Graduate School of Business. Greg says that mainland China’s financial services were far behind what was happening in the West. “In terms of infrastructure, there was nothing for the HNWI (High Net Worth Individual) market,” he said. “The issue [in the Chinese private banking sector] was that budgets didn’t put much aside for risk management or for portfolio analysis”, Greg says. The ones that were around used Microsoft Excel to manage risk as well as for portfolio analysis which according to Greg, “was fine for investing in real estate or fixed income projects which at that time had never seen a principal risk or loss.” However, this all began to change as more private banking firms in China began to recognise the importance of diversification. “They realised Excel was not sufficient anymore for all their calculations and monitoring”, Greg says. https://themarketmogul.com/greg-bankorus-amazon-blockchain/
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Ethyl: The Future of the Internet of Things Blockchain, NEM, News, Technology The Internet of things (IoT) is the network of physical devices, vehicles, home appliances, and other items embedded with electronics, software, sensors, actuators, and network connectivity which enables these objects to connect and exchange data. IoT is both too centralized and too decentralized at the same time. It is too centralized because every single device is connected to a single point of failure. It is also too decentralized because buying devices from multiple manufacturers is impossible, and leads to another point of failure. There is a solution to this dilemma without replacing IoT devices that already exist today. Ethyl decentralizes the IoT using the NEM blockchain. It only requires a single installed hub that also acts as a decentralized server. Ethyl supports a wide variety of vendors such as Z-Wave, ZigBee, and general RF which are open standards, as well as IP-based APIs for existing smart home devices. The value of Ethyl is that it gives privacy and security to users of IoT. By using blockchain technology for encrypted data storage and local networking for the majority of communication, IoT becomes less of a privacy issue. As most people care about their privacy, Ethyl is providing this privilege, unlike almost all major IoT companies. https://coinsessions.ph/ethyl-the-future-of-the-internet-of-things/
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JD.com invites Bankorus to join just-launched blockchain/AI acceleratorAs one of the founding participants in JD.com’s accelerator program, Bankorus establishes itself as a thought leader in AI and blockchain innovation.Bankorus CEO, Greg Van den Bergh attending the official signing ceremony at JD.com’s office in New York City.Today, we’re truly excited to announce our participation in the founding cohort of “AI Catapult”, a new blockchain and AI accelerator launched by the AI Platform and Research Division of JD.com, China’s largest retailer. With more than 266 million customers and millions of brands from around the world on its platforms, JD.com is the world’s third-largest internet company by revenue and the world’s leading company in commercial AI applications, through use of drones, robotics, and automation technology as well as smart supply chain, marketing, and customer service applications. JD.com is launching AI Catapult to give startups the opportunity to partner with business units throughout JD.com’s massive retail business, providing real-world, large-scale applications for the most innovative AI and blockchain research and development. As one of the first companies to work with JD on the creation of AI Catapult, Bankorus will provide thought leadership and extensive resource support to AI Catapult, helping other startups collaborate with industry leaders and leverage their combined network, expertise, and experience. Not only does the accelerator offer a space for both Chinese and international startups to grow and collaborate, but it also enables new players with great ideas to accelerate into mature, established organizations in the innovative blockchain/AI space. “The decentralization power brought by blockchain has the capability to disrupt industries from finance to agriculture, but while the use-cases for blockchain technology are broad, many blockchain startups are unable to jumpstart their business as the developmental process is riddled with speed bumps,” says Bankorus CEO and co-founder Greg Van den Bergh. “We are excited to partner with JD.com and give startups the boost they need in such a competitive landscape.”
“We are delighted to bring our AI resources to the table as we partner with Bankorus to help startups translate blockchain into real and practical value,” said Uri Ferruccio, Director of Strategy and Investment for JD’s AI Platform and Research Division. “As JD works to develop the future of global commerce, AI Catapult will support JD.com as it explores how AI can improve the scalability, security, privacy, and efficiency of blockchain, and enable novel and improved applications in areas such as distributed AI.”Source: https://medium.com/bankorus/jd-com-invites-bankorus-to-join-just-launched-blockchain-ai-accelerator-9a82c9e904c3The $60 trillion+ opportunity: https://medium.com/bankorus/the-60-trillion-opportunity-996f0fb420c8JD.com’s new accelerator focuses on blockchain startups: https://techcrunch.com/2018/02/26/jd-coms-new-accelerator-focuses-on-blockchain-startups/Website: https://www.bankorus.com/AI-powered, blockchain-based — The Bankorus protocol is an open-source API built on the NEM blockchain, so it's highly efficient and protected by the latest cryptography. Powered by AI, Bankorus's engines continuously deliver data-driven insights so HNWIs get the most out of their crypto-investments.---- FOLLOW NEM ---- NEM Websites: https://nem.io/https://nemflash.io/Facebook: https://www.facebook.com/ourNEM/Youtube: https://www.youtube.com/channel/UCnsSiqyb0PuQkqT4v8Xjugwhttps://www.youtube.com/channel/UC1rMoMdDtHTXXfRg_iR-QJQTwitter: https://twitter.com/nemofficialhttps://twitter.com/inside_nemhttps://twitter.com/2017LonTelegram: https://t.me/nemredhttps://t.me/nemberiahttps://t.me/newsonnemReddit: https://www.reddit.com/r/nem/BCT: https://bitcointalk.org/index.php?topic=654845.0
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1/ Regarding the Petro project, NEM is open source + hence any projects built on NEM are not under our control. To be clear, the NEM Foundation is not directly involved with this project and we're not in a position to control any open source projects. Tweet: https://twitter.com/Inside_NEM/status/966353638208737280
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NEM (#XEM) Foundation: we do not endorse any governments but can confirm that the government of #Venezuela will use NEM #blockchain. --- The NEM technology is freely open to any individual or organization that wants to use it. The NEM Foundation abstains from political endorsements. We can confirm that the Venezuela Government is intending to use the NEM Blockchain. Source: https://twitter.com/NEMofficial/status/966145370060279808--- Nem foundation promotes the technology to industries at large. In the course of its promotion, we teach system integrators and organisations how to program on the platform. Nem tech is easy to use and to build applications upon. A person reasonably skilled can work on the nem platform within a day. It does not take much to learn how to use the nem tech. By its extension, it is therefore easy for the Venezuelan government to implement using nem technology, without any help from the NEM foundation. - NEM President Lon Wong Source: https://vk.com/wall-32402780_5797--- Prensa Presidencial : "“Hemos firmado dos convenios fundamentales para que circule El Petro en las plataformas más avanzadas del mundo, gracias a la confianza de las empresas Zeus y NEM” declaró" Nicolás Maduro – Presidente de la República Bolivariana de Venezuela. Source: https://vk.com/nemofficial?w=wall-32402780_5795--- Solo con el lanzamiento de la moneda se ha conocido que funciona a través de NEM, pues recordemos que en el libro blanco que se había difundido se especificaba que la moneda iba a ser creada a través del protocolo ERC-20 de la blockchain de Ethereum. Además, también según el libro blanco del proyecto, tras la liberación de todos los tokens, se espera crear una blockchain del criptoactivo para el registro de sus operaciones, lo que queda en el aire tras esta la característica de la pre-venta. Translated from Spanish (switched from ERC20 to NEM): Only with the launch of the coin has it been known that it works through NEM, since we remember that in the white paper that had been published it was specified that the coin was going to be created through the ERC-20 protocol of the Ethereum blockchain. In addition, also according to the white paper of the project, after the release of all the tokens, it is expected to create a blockchain of the cryptoactive for the registration of its operations, which remains in the air after this the characteristic of the pre-sale. Source: https://www.criptonoticias.com/mercado-valores/gobierno-venezuela-inicia-preventa-privada-criptoactivo-petro/--- #EnVivo 📹 | Emisión de Certificados de Minería Digital y Lanzamiento de la preventa y oferta inicial del PETRO | Este Criptoactivo nos permitirá avanzar en el reimpulso de nuestra economía para construir una Patria próspera Source: https://twitter.com/NicolasMaduro/status/966100894885531650--- #PetroPalPueblo 🇻🇪 #Venezuela El vicepresidente @TareckPSUV anunció el inicio oficial de la pre-venta privada, en esta primera ventana de comercialización se liberarán un total de 38,4 millones de #PTR https://t.co/C3syRk7a1I http://dlvr.it/QH7BLw @NicolasMaduro Source: https://twitter.com/PetroOficial/status/966010093111160832--- People trying to blame #NEM for #Petro using #NEM is probably the dumbest thing I've read all day. Are you blaming #Bitcoin if it's used by criminals or people you don't agree with? Or the US Dollar? It's decentralized technology. You can't pick and choose. Source: https://twitter.com/Mexxerio/status/966200737398165504--- Buying manual: http://www.elpetro.gob.ve/docs/MANUAL%20COMPRADOR%20VERSION%20BETA.pdfhttp://www.elpetro.gob.ve/index.html---- FOLLOW NEM ---- NEM Websites: https://nem.io/https://nemflash.io/Facebook: https://www.facebook.com/ourNEM/Youtube: https://www.youtube.com/channel/UCnsSiqyb0PuQkqT4v8Xjugwhttps://www.youtube.com/channel/UC1rMoMdDtHTXXfRg_iR-QJQTwitter: https://twitter.com/nemofficialhttps://twitter.com/inside_nemhttps://twitter.com/2017LonTelegram: https://t.me/nemredhttps://t.me/nemberiahttps://t.me/newsonnemReddit: https://www.reddit.com/r/nem/BCT: https://bitcointalk.org/index.php?topic=654845.0
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