First Bitcoin Capital Corp (BITCF) has become the next ally after Microsoft (MSFT) to the Emercoin International Development Group. The companies have signed a series of evaluation agreements with the goal of promoting Emercoin’s blockchain based products to businesses and individuals. Emercoin’s technology portfolio includes the following products which either improve existing technology solutions or tackle new challenges in the industry: EMC/SSH: Secure shell management tools built on a symbiosis of the proven framework of SSH and enhanced with blockchain based features. EMC/DNS: An extension of the domain name system, peering with OpenNIC. EMC/SSL: An enhancement of the existing client-server …
Software giant Microsoft and the recently released cryptocurrency EmerCoin have officially formed a partnership. This partnership will minimally span 2016 and will aim at further developing what Microsoft Azure is calling “Blockchain as a Service”. Together they will work on innovating the field and developing scalable products for their users. A notable effect is the price of EmerCoin, which doubled 1 day after the announcement of the partnership. What is EmerCoin? The partnership has had immediate positive effects for EmerCoin, particularly where its value is concerned. EmerCoin’s market cap is currently around 3 million US dollars, with EmerCoin trading for …
Tether recently announced its integration with the cryptocurrency exchange, Cryptsy, expanding its digitized dollar service. Digital dollars on the blockchain Tether is the first blockchain-enabled platform to allow traditional currency to be used like the US dollar. Now, it can now be used on Cryptsy allowing users to deposit US dollars, which are “tethered” and converted into a 1-to-1 fiat-backed currency called USDT. Tether’s latest fusion with Cryptsy allows its customers to transact with dollars across the exchange without the volatility concerns related to bitcoin. "We're excited to have such an innovative and disruptive approach to digital currency integrated with …
JP Morgan Chase & Co., the largest bank in America and one of the world's major provider of financial services, recently issued its 2014 annual report, in which the firm's chairman and CEO Jamie Dimon suggests that new competitors are "looking to compete with banks," and that his firm is "keeping an eye on [these emerging players]," most particularly on Silicon Valley's startups. "Silicon Valley is coming," warns Dimon. "There are hundreds of startups with a lot of brains and money working on various alternatives to traditional banking." What the executive is referring to is nothing else but the financial-technology …