Facebook’s Libra to Be Forked to ‘OpenLibra’

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Facebook’s Libra to Be Forked to ‘OpenLibra’
Announced at Ethereum Foundation’s Devcon 5 conference, OpenLibra is described as an “open platform for financial inclusion,” with a telling tagline: “Not run by Facebook.”
Facebook’s Libra to Be Forked to ‘OpenLibra’

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Source: CoinSpeaker

UNICEF Created Its Crypto Fund, Accepting Donations in Bitcoin and Ethereum

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UNICEF Created Its Crypto Fund, Accepting Donations in Bitcoin and Ethereum
UNICEF launched a cryptocurrency fund and is accepting donations in Bitcoin and Ethereum. The initiative has been rolled out to fund open-source technology benefiting children and young people around the world.
UNICEF Created Its Crypto Fund, Accepting Donations in Bitcoin and Ethereum

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Source: CoinSpeaker

Ethereum Poised to Be the First Public Blockchain Network on the Hyperledger Consortium

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Ethereum Poised to Be the First Public Blockchain Network on the Hyperledger Consortium
The Pantheon project basically aims to provide a number of Ethereum-based services built by ConsenSys’ strong engineering team called PegaSys.
Ethereum Poised to Be the First Public Blockchain Network on the Hyperledger Consortium

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Source: CoinSpeaker

Fidelity-Backed Blockchain Accelerator Attracts Over 50 Mentors

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Fidelity-Backed Blockchain Accelerator Attracts Over 50 Mentors
The blockchain accelerator program called Startup Studio which is backed by Fidelity Investments and 20 other companies, has managed to attract over 50 mentors.
Fidelity-Backed Blockchain Accelerator Attracts Over 50 Mentors

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Source: CoinSpeaker

Microsoft, Ethereum Foundation and Chinese Government Agency Joins Hyperledger

Hyperledger, today announced new general members t0 its the organization; Gloscad, Microsoft, Milligan Partners, Nornickel and Salesforce. The new associate members included Ethereum Foundation and Chinese Government agency, China Academy of Information and Communications Technology (CAICT).
Hyper-ledger is an industry-wide open source initiative to advance blockchain technology, governed by The Linux Foundation. Hyperledger team assists with licensing to governance to release management to ecosystem development on Blockchain. Brian Behlendorf, Executive Director, Hyperledger noted in the press release,
“The mix of blue chip technology companies, international organizations, logistics and manufacturing players and academia that have joined us from point around the world show the widespread interest and investment in open source enterprise blockchain technologies.”
Hyperledger has more than 100 members, which include Accenture, Airbus, American Express, Cisco, JP Morgan, IBM, Intel, and so on.  It is a global collaboration including leaders in finance, banking, Internet of Things, supply chains, manufacturing, and Technology. Currently, it is working on thirteen blockchain projects which aims to transform the internet.
Microsoft has worked with blockchain through its cloud platform, Azure. It also released an identity solution based on Bitcoin itself.  Marley Gray, Principal Architect, Blockchain Engineering at Microsoft noted,
“We are proud of our contributions to such a diverse blockchain ecosystem, from our Azure service offerings and developer toolkits to our leadership in driving open specifications. We look forward to contributing to the community’s projects as well as initiating new ones based on emerging standards.”
Hyperledger projects (Source) 
Blockchain finds application in supply-chain management, remittance, recordkeeping, and numerous other applications. Hyperledger provides legal and other developmental assistance to firms engaging in Blockchain projects. They noted that the organizations mentioned above and our other members would be joining us in Tokyo at the end of July for our annual Member Summit.
Do you think the organization will be able to transform the Fintech industry with their projects? Please share your views with us. 
The post Microsoft, Ethereum Foundation and Chinese Government Agency Joins Hyperledger appeared first on Coingape.
Source: CoinGape

Ethereum Foundation’s Determination is “Very” Bullish for ETH

Ethereum (ETH) up 15.8 percent
$30 million set aside for Ethereum’s ecosystem development

The Ethereum Foundation appears to be fast-tracking Ethereum 2.0 development after committing $30 million. Once Ethereum 2.0 activation, ETH bulls will benefit, and prices may soar back to their all-time highs.
Ethereum Price Analysis
Fundamentals
Overly, Bitcoin price expansion in the last seven weeks or so was beneficial for altcoins, especially Ethereum (ETH). In May alone, the second most liquid asset rallied 55 percent after sinking to $75 in Dec 2018. However, with streams of supportive fundamentals and determination of the Ethereum Foundation to roll out Ethereum 2.0 on time could be the momentum behind Ethereum (ETH) price resilience.
Towards achieving their objectives, the Ethereum Foundation is committing $30 million over a year saying the funds will primarily cover ecosystem development with a focus on layer-2 solution Plasma, their key developers and maintenance of Ethereum 1.0.
As the race for scalability heats up, it is inevitable for Ethereum to continuously improve its source code now that recent findings reveal that albeit the low throughput, the platform has a mature ecosystem while active developers keen on ensuring the network remains decentralized and distributed as possible.
Of the $30 million, $19 million will go towards building an excellent platform, the “Ethereum of tomorrow” opening up smart contract languages and putting more research towards the eventual implementation of zero-knowledge proofs that Vitalik had said would concurrently scale Ethereum without opting for layer-two solutions or shards.
Candlestick Arrangement

Up 15.8 percent in the last week, Ethereum (ETH) bulls are steadfast and in control. Even though we are definite, expecting prices to rally past our resistance lines at $275 towards $300, prices are consolidating within a $25 range inside May 19th high low which is bullish now that the uptrend is clear.
Therefore, unless otherwise, prices breach $275 reversing losses of late last week in a trend continuation phase complete with high participation levels hinting of underlying momentum, then conservative traders ought to stay on the sidelines until our trade conditions are valid.
Before then, aggressive traders can search for undervaluation in smaller time frames and load up on dips with stops at $230. From our last ETH/USD trade plan, any drop below May 19th low invalidates our bullish outlook giving room for a retracement, a retest, towards the $170 to $190 support zone.
Technical Indicators
As a result, our anchor bar is May 19th bull bar with 271k in volumes. Breaks or drops below $275 or $230 must be at the back of high transaction volumes above 271k or preferably 822k of May 16th.
Chart courtesy of Trading View. Image Courtesy of Shutterstock
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Vitalik Buterin: If the Price is Zero, Then the Network Can’t Be Secure

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Vitalik Buterin: If the Price is Zero, Then the Network Can’t Be Secure
In his recent interview, Vitalik Buterin explained why Ethreum price is important for the crypto industry and answered to many other questions.
Vitalik Buterin: If the Price is Zero, Then the Network Can’t Be Secure

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Source: CoinSpeaker

Half of Concensys’ Workforce May Soon Leave the Company

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Half of Concensys’ Workforce May Soon Leave the Company

ConsenSys announces plans to shed off at least 50% of their workforce. The bear markets are to blame for this move as the company aims to refocus their operational and management strategies.

Half of Concensys’ Workforce May Soon Leave the Company

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Source: CoinSpeaker