Western Union Ties Up with Stellar-backed Thunes for Direct Mobile Wallet Transfers

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Western Union Ties Up with Stellar-backed Thunes for Direct Mobile Wallet Transfers
With the help of Stellar-backed Thunes, Western Union is going to allow its clients to transfer funds directly to mobile wallets globally.
Western Union Ties Up with Stellar-backed Thunes for Direct Mobile Wallet Transfers

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Source: CoinSpeaker

Stellar’s McCaleb: You need a lot of participants to see benefits of open-network like Stellar

This week’s main headline was taken by Stellar Lumens [XLM], the eighth largest cryptocurrency by market cap, with news of its listing on Coinbase.com and its collaboration with IBM, a multinational information tech company. Stellar and IBM announced the launch of World Wire, which is going to focus on cross-border, real-time transaction settlement. The solution will be introduced in over 50 countries and will be supported by the Stellar protocol.
Jed McCaleb, the co-founder of Stellar.org, spoke about IBM World Wire in an interview session at the Money 20/20 conference. He also spoke about the impact it would have on the US markets in particular and his opinion on stablecoins.
On IBM World Wire, he stated that this product allows banks and financial institutions to issue digital assets on a common platform “that can be interchanged between each other”. He further stated that it allows users to send currency A, which can later be converted to currency B, enabling a “much more seamless” way than the traditional means around the globe.
McCaleb also spoke about the impact World Wire would have on the US market. He said:
“So, I mean, for a common person in the U.S, its not that impactful but for anyone that does a lot of international transfers, like maybe have a relative overseas, then it will matter a lot”
This was followed by McCaleb speaking about stablecoins, taking into consideration Facebook’s recent announcement of launching one. On this, McCaleb stated that he preferred the terms “fiat token” over “stable coin” as there were a lot of currencies involved, and “maybe they were not so stable”. He added,
“[…] the future will be this world where people are using digital representations of value whether its fiat currencies or gold […], it should all be kind of tokenized. […] [this] gives you all kind of the power benefits that cryptocurrencies has […] and everything is interoperable. So, its just a much better state-of-affairs than what we have today.”
Furthermore, McCaleb also spoke about the big challenge they faced and what he was “most concerned” about in the financial services for 2019. He stated that creating this [World Wire] network was their big challenge, adding that IBM was a great partner in this regard. He said,
“What they [IBM] are doing is bringing a whole collision of people together in one swoop rather than trying to do it just one-off because none of these attempts really work if you just have one or two players, you really need a lot of participants to start to see the benefits of an open-network like Stellar.”
The post Stellar’s McCaleb: You need a lot of participants to see benefits of open-network like Stellar appeared first on AMBCrypto.
Source: AMB Crypto

Two ‘Major US Banks’ May Soon Issue Own Cryptos on IBM World Wire, Is Ripple Under Threat?

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Two ‘Major US Banks’ May Soon Issue Own Cryptos on IBM World Wire, Is Ripple Under Threat?
IBM announced that two major US banks may soon offer their own cryptos on the IBM World Wire amidst growing concerns that Ripple’s dominance in this global remittance space may be under threat.
Two ‘Major US Banks’ May Soon Issue Own Cryptos on IBM World Wire, Is Ripple Under Threat?

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Source: CoinSpeaker

Stellar Lumens [XLM] Price Analysis: Bulls come out of the woodwork

Stellar Lumens, in partnership with IBM, successfully launched World Wire which will be a direct competition to Ripple’s solutions for cross-border payments. Stellar Lumens saw a spike after this announcement and has since subdued.
The price of XLM at press time was $0.02303, while the market cap was $2.2 billion.
1-hour
Source: TradingView
The one-hour chart of Tron showed a downtrend that extended from $0.0277 to $0.0236, while the uptrend extended from $0.0220 to $0.0229. The price found support at $0.0221 and bounced in an upward direction. The price even struck the immediate resistance at $0.0242 on March 16, 2019.
The Parabolic SAR markers developed above the price candles, which indicated that the short uptrend rally had stopped and was reversing.
The MACD indicator showed a recovering uptrend for the signal and the MACD lines after a bullish crossover.
The Relative Strength Index showed that the RSI topped at 55 and was reversing as well. The momentum of the sellers ran out as the RSI collapsed.
1-day
Source: TradinView
The longer time frame showed an uptrend that extended from $0.0129 to $0.02245, while the downtrend ranged from $0.04982 to $0.02593. The prices tried to cross the resistance at $0.0267, not once, but twice. Eventually, the prices failed to breach the resistance and headed downwards.
The Bollinger Band showed a squeeze, indicating the reduction of volatility for XLM in the longer time frame. The prices were above the SMA, which indicated a bullish presence for XLM.
The Chaikin Money Flow showed the CMF line above the zero-line, which indicated that money was flowing into the market. The sellers were dominated by the buyers.
The Stochastic RSI showed the topping of XLM markets as it was in the oversold zone. The Stochastic RSI also showed a bearish crossover that had begun.
Conclusion
The one-hour chart showed a bearish cycle in progress as indicated by the Parabolic SAR, MACD, and the Relative Strength Index. The one-day chart indicated a bullish view for Stellar Lumens as confirmed by Bollinger Bands, CMF, and Stochastic RSI.
The post Stellar Lumens [XLM] Price Analysis: Bulls come out of the woodwork appeared first on AMBCrypto.
Source: AMB Crypto

Stellar Price Jumps 5% With the Announcement of Coinbase Listing

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Stellar Price Jumps 5% With the Announcement of Coinbase Listing
With the growing popularity of Stellar Lumens (XLM), the world’s eight largest cryptocurrency got recently listed on popular crypto exchange Coinbase.
Stellar Price Jumps 5% With the Announcement of Coinbase Listing

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Source: CoinSpeaker

IBM and Stellar Lumens [XLM]’s World Wire ready for cross border payments in over 72 countries

IBM announced the launch of World Wire on 19 March 2019, in more than 72 countries. World Wire aims to reduce the friction associated with money transfer all around the world.
Jesse Lund, the Head of blockchain and digital currencies at IBM, elucidated on the same with Stanley Yong, the CTO at IBM. According to Lund, World Wire was an “entirely new type of payment,” designed for regulated financial institutions, including banks and non-banks.
Yong explained that World Wire works by connecting participants in a p2p network, for sharing “financial messages” and digital assets, both of which would be issued on the same network. The results of the settlement and messages are then stored on the blockchain for “audit-ability” and “transparency”.
Lund stated,
“IBM is announcing that it is open for business in payments was support for 72 countries, 47 distinct currencies  and 44 unique banking endpoints and a wide range of pay in and pay out locations around the world.”
Yong added,
“The two main assets that will be available for live transactions on IBM blockchain will wire on day one are the stronghold US dollar and the Stellar Lumens”
Apart from the above, World Wire will help financial institutions communicate with each other on the network, and help fulfill payments in real-time. Additionally, payment data and the value/money will move together on the same network. Lund also explained that the focus of World Wire was to make money move faster than information today.
Furthermore, any financial institution that provides payment services, and requires the movement of money across borders, would be a candidate for IBM’s World Wire, said Lund.
Lund also explained that World Wire would immediately focus on Europe and the Asia Pacific, with support for North America being introduced later this year.
Jed McCaleb, the co-founder and CTO of Stellar Lumens, stated,
“It gives consumers the flexibility to use whatever kind of currency they want, wherever they are in the world so if you have dollars and you’re traveling you can use those dollars seamlessly in any any place in the world. You can pay out in any payout Network in the world, it makes essentially everything interoperable, makes it fast, makes money move much more like email…”
Additionally, Yong confirmed that IBM was working with central banks to help with processing faster payments.
The post IBM and Stellar Lumens [XLM]’s World Wire ready for cross border payments in over 72 countries appeared first on AMBCrypto.
Source: AMB Crypto

Stellar’s Co-Founder Comments on IBM World Wire: ‘Not Much Progress To-Date’

IBM has finally announced its plans with ‘World Wire’ and their goal towards providing financial services to the unbanked population of the world. It is now officially available in a growing number of markets. It is a payment network that allows plans to allow for faster and more efficient settlement of payments.
The duo IBM’s Blockchain head Jesse Lund and Stellar Lumens Co-Founder Jed McCaleb took center stage at the Asia Money 2020 Conference in Singapore on 19th March 2019 and revisited their plans with ‘World-Wire.’ The vision according to them is to create a ‘Global Financial Economy.’
Stronghold USD and Stellar Lumens (XLM)
The two digital assets currently used for settlement are Stellar Lumens (XLM) and Stronghold USD. Stronghold USD is a stable coin managed by Stronghold Anchor Limited in New Zealand.
The ‘world wire’ aims to bring a consortium of firms, financial institutions, banks and even the unbanked people of the world through smartphones.
Jed McCabed noted that:
“It’s officially available in growing number of markets and everyone underestimated how long it would take to get adoption due to lack of payments Network effects… The only way it can be achieved by bringing a consortium or a whole group of people together.”
Also Read: IBM ‘World Wire’ to Transform Cross-Border Payments Completely
Financial Inclusion
On Financial inclusion, Jesse Lund noted that their aim with ‘world wire’ is essentially providing easy and low-cost remittance to the under-undeveloped and unbanked population of the world. He said,
“$2 billion people do not have access to bank accounts.. over a billion of them actually have a smartphone or feature phone… we can actually bring money further and farther than it could go before even in the absence of banking service.
Its not just taking share from somebody else” It is a revolution “in the payments industry”
Moreover, Jed also noted though there hasn’t been any tangible adoption now, they have received positive intent from some banks and institutions.
“He said he is excited about the next six months or a year.. when the snowballing effect with many instituions will come into play.”
The post Stellar’s Co-Founder Comments on IBM World Wire: ‘Not Much Progress To-Date’ appeared first on Coingape.
Source: CoinGape

Crypto Market Wrap: Stellar Lifted on Coinbase Listing, Flips Binance Coin

Crypto markets still consolidating; Stellar makes a move up the chart, Kin cranking, the rest marginally down.
Market Wrap
Crypto markets are still consolidating as they have been for the past couple of days since the weekend pump. Altcoins are still making the most as Bitcoin stalls at resistance at $4,000 once again. Total crypto market capitalization has remained just above $140 billion and up almost $10 billion on the same time last week.
Bitcoin dropped back to $4,000 over the past 24 hours but did not fall below it and has gradually crept back up to $4,050 where it currently trades. Volume is over $9 billion and BTC appears to be poised to test its weekly high again, a move to $4,200 could spell a larger break to the upside.
Ethereum remains at $140 but has weakened over the past few days and cannot seem to gather momentum at the moment. ETH is still up on the week however and remains $1.5 billion clear of XRP in terms of market cap. The Ripple token has also remained flat over the past couple of days and is still trading at $0.312.
XLM chart 24 hours. Coinmarketcap.com
At the time of writing the top ten is all in the red during today’s Asian trading session. That is all but on altcoin which is bucking the trend and climbing 4% on the day. Stellar Lumens has just been listed on Coinbase which has added to the momentum though it has not produced the epic spike seen in other listed cryptos such as ETC or BAT.

Stellar Lumens (XLM) support is launching at https://t.co/bCG11KveHS and in the iOS and Android apps within the next 15 minutes. You may need to update your app to properly buy, sell or convert XLM. We will update when XLM is fully live. https://t.co/YSIYNPO4JP
— Coinbase (@coinbase) March 18, 2019

The news has enabled XLM to flip Binance Coin and Tether to take seventh spot with a market cap of $2.2 billion at the time of writing. Stellar has made almost 20% this week climbing from below $0.10 to a high of $0.117 before pulling back a little. Volume has risen from $155 million to $257 million as Stellar climbs the charts.
All other crypto assets in the top ten are falling at the moment with Litecoin and Bitcoin Cash losing over 2.5% each. In the top twenty every altcoin is in the red, the biggest losers are Bitcoin SV, Dash and NEM but losses are only 2% or so. The rest are only marginally down on yesterday’s levels.
FOMO: Kin Cranking
Today’s top one hundred top performer is Kin which has pumped over 50%. The digital content payments ecosystem token is only worth two satoshis at the moment and the pump appears to be pure fomo, at least according to the Reddit stream.
Enjin Coin is also having a good day with a gain of 15% during Asian trading and Maximine Coin is close behind with 13% added on the day. There are no major dumps going on at the moment but those at the sticky end of the table include Digibyte and Bytecoin dropping 6% or so.
Total crypto market capitalization has remained around $140 billion where it was this time yesterday. Volume remains at $30 billion and markets have generally been range bound since their mini-pump on Saturday. If Bitcoin fails to break resistance again things could fall back pretty rapidly.
Market Wrap is a section that takes a daily look at the top cryptocurrencies during the current trading session and analyses the best-performing ones, looking for trends and possible fundamentals.
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Crypto Market Testing Crucial Support: XLM, Bitcoin Cash, EOS, TRX Analysis

The total crypto market cap corrected lower recently and tested the $132.0B support area.
Bitcoin cash price started a downside correction after testing the $165 resistance.
EOS price is slowly moving lower towards the $3.70 support level.
Stellar (XLM) price is up more than 4% and broke the $0.1120 and $0.1140 resistances.
Tron (TRX) is currently flat near the $0.0230 support level.

The crypto market is trading above key supports, with range moves in bitcoin (BTC) and Ethereum (ETH). Stellar (XLM) gained traction, while BCH, EOS, ripple and tron (TRX) remain supported on dips.
Bitcoin Cash Price Analysis
Bitcoin cash price climbed higher recently and settled above the $150 and $160 resistances against the US Dollar. The BCH/USD pair tested the $165 resistance and later started a downside correction. The price tested the $162 level and it seems like it could test the $160 support in the near term.
If there is a downside break below the $160 support, the price may decline towards the $150 swing support. On the upside, the $165 level is a strong resistance, above which the price may test the $170 level.
Stellar (XLM), EOS and Tron (TRX) Price Analysis
EOS price failed to stay above the $3.80 pivot level and corrected lower recently. It traded below the $3.78 level and tested the $3.75 support. If there are additional downside, the price could revisit the key $3.70 support level before another increase.
Stellar price was one of the best performers as it gained traction above the $0.1110 resistance level. XLM price broke the $0.1120 and $0.1140 resistance levels to move into a positive zone. It is currently up around 4% and it may continue to climb towards the $0.1160 and $0.1180 levels.
Tron price extended range moves below the $0.0240 resistance level. TRX price recovered recently and moved above the $0.0230 level. At the moment, it is trading in a tight range, with an immediate resistance at $0.0232. The main resistances are near the $0.0235 and $0.0240 levels.

Looking at the total cryptocurrency market cap hourly chart, there was a downside correction from the $137.0B swing high. The market cap declined below the $135.0B support level. However, the $132.0B support and the 100 hourly simple moving average acted as strong supports. Besides, there is a key connecting bullish trend line in place with current support at $133.0B on the same chart.
If there is a downside break below $133.0B and $132.0B, the crypto market could gain bearish momentum. On the upside, a break above the $135.0B and $137.0B resistance levels is must for a fresh upward move in bitcoin, Ethereum, EOS, ripple, LTC, bitcoin cash, XLM, TRX, and other altcoins in the near term.
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Stellar Lumens (XLM) Rally as Volumes Double After IBM Move

Stellar Lumens up 11 percent from last week
IBM and six banks sign a letter of intent for World Wire stable coin issuance
Transaction volumes double in eight days

With IBM single-handedly bringing on board six banks, XLM prices are surging and up 11 percent in the last week. We expect prices to edge higher in days ahead. If prices close above 15 cents, Stellar Lumens (XLM) could double to 30 cents
Stellar Lumens Price Analysis
Fundamentals
Similar to Ripple, Jed McCaleb’s Stellar is a low-cost platform that enables cross border fund transfer aimed at the unbanked. It is the latest to receive support from CoinBase three months after the exchange placed the asset under consideration.
Coinciding with this liquidity boosting development is the announcement that IBM has successfully drawn six banks to World Wire. By signing a letter of intent, these banks are committing to use with three of them having received regulatory approval. As a result, they are ready to issue a stable coin pegged to fiat via the IBM’s World Wire enabling fast and cheap settlement. The Stablecoin will complement Stronghold that is unfortunately unavailable to US citizens due to regulatory hurdles.

All the same, Jesse Lund of IBM is ambitious, and in this era of stable coins, this is what he had to say:
“As more stable coins come on board, the whole notion of FX changes over time. We are working very hard to expand the ecosystem of stable coins that will include many more banks and many more fiat currencies – so digital representations of fiat currencies – and even, eventually, the central bank issued digital currencies. “
Candlestick Arrangement

Like Bitcoin Cash, Stellar Lumens (XLM) is the top performer adding 4.3 percent and 11 percent in the last day and week. We expect prices to expand as these new banks get approval from their respective regulators. With IBM strong ties with banks, their single effort to expose six banks at once is a big move for Stellar and would eventually help support XLM prices.
From the chart, it is clear that buyers are in charge and trading within a bullish breakout pattern. As mentioned in our previous trade plans, risk-off traders should fine-tune entries in lower time frame, take advantage of the strong bull momentum—prices are banding along the upper BB, with targets at 15 cents.
Meanwhile, risk-averse traders should ramp up once prices print above 15 cents. After that modest targets would be 30 cents or Nov 2018 highs.
Technical Indicators
Volumes are picking up as momentum increase. After breaking above 8 cents, average volumes have doubled from 4 million of Mar 10 to 8 million by Mar 18, hinting at demand. However, prices above 11 cents should be with high volumes exceeding 16 million of Mar 11
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6 Banks Sign up to Issue Stellar-based Stablecoins on IBM’s World Wire

CoinSpeaker
6 Banks Sign up to Issue Stellar-based Stablecoins on IBM’s World Wire
IBM announced today that its global payment network, IBM Blockchain World Wire, has enabled payment locations in 72 countries, with 47 currencies and 44 banking endpoints and that it has signed letters of intent with six global banks.
6 Banks Sign up to Issue Stellar-based Stablecoins on IBM’s World Wire

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Source: CoinSpeaker

Coinbase.com Adds Stellar Lumens [XLM], Price Surges by 5%

Coinbase has announced that it will add Stellar Lumens (XLM) tokens at coinbase.com and in the Coinbase Android and iOS App.
According to the blog post by Coinbase:
The Internet connected the world’s computers so that information could be shared globally. Stellar aims to do the same for money.

XLM is now live at https://t.co/bCG11KveHS and in the Coinbase iOS and Android apps. Coinbase customers can log in now to buy, sell, convert, send, receive, or store XLM. https://t.co/YSIYNPO4JP
— Coinbase (@coinbase) March 18, 2019

IBM’s world wire has also announced a partnership with six banks to issue FIAT backed stable coins on the Stellar Networks. The Network will help regulated financial institutions to move value seamlessly across the globe.
Coinbase Effect: XLM Price Surge
XLM recently got added on the Coinbase Pro. While Coinbase Pro has a limited user base, coinbase.com is the esteemed exchange that is one of the largest and most trusted platforms for FIAT to cryptocurrency exchange in the world. It has a user base of more than 20 million customers in over 42 countries. The blog post also noted that XLM will not be available in the state of New York or the United Kingdom.
Stellar Lumens’ price has rocketed by 5%; XLM/BTC which was skirting along 0.00002700 BTC has increased to 0.00002850 in less than 2 hours.
XLM/BTC 30-min Chart on Bittrex
The Technical Analysis of XLM/BTC reveals that the 50-Day Moving Average has moved above the 200-Day Moving Average, which suggests that a Bullish cross-over. The 100-Day Moving Average is also looking to cross the 200-Day Average line, indicating that the long term bearish outlook might have turned tables.
World Wire to Transform Cross-Border Payments Completely
The ‘big blue’ and Stellar Organization has worked for almost a year together after the announcement of initiation of ‘world wire.’ The world wire would provide a platform for financial institutions to issue their stable coins and also allow interoperability between them through the Stellar Protocol.
Three banks out of the six have been identified that has signed a partnership with World Wire according to Forbes, they are Philippines-based RCBC, Brazil’s Banco Bradesco, and Bank Busan of South Korea. The other three banks are expected to be announced at the on 19th March at the Money 20/20 Asia Conference in Singapore.
Jesse Lund, the head of Blockchain solutions at IBM noted:
“So we are starting with markets that are outside of the U.S., but it won’t be long before we add the U.S. as an operating endpoint. It will be sometime this year; we will get to it, third quarter, fourth quarter something like that,” he said.
Reportedly, IBM has set up world wire payment locations in 72 countries, with 48 currencies and 46 banking points. According to Jesse Lund, the Blockchain head at IBM, IBM is the “single most trusted validator on the Stellar network” hence, although centralized IBM as validator adds a lot of credibility to the platform.
“Look at the Stellar dashboard and see the IBM validators out there,” said Lund. “There’s a lot of others, but everyone trusts us. So in the consensus model, we are kind of a big anchor there.”
The post Coinbase.com Adds Stellar Lumens [XLM], Price Surges by 5% appeared first on Coingape.
Source: CoinGape

Mozilla Exec Joins Stellar Foundation as the New CEO

CoinSpeaker
Mozilla Exec Joins Stellar Foundation as the New CEO
Mozilla’s Denelle Dixon succeeds Jed McCaleb, Stellar’s co-founder as he moves to focus on the network protocol and adoption strategy. Denelle is expected to start her new job in May.
Mozilla Exec Joins Stellar Foundation as the New CEO

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Source: CoinSpeaker

Stellar Lumens [XLM] makes it to Coinbase Pro; order books for three trading pairs initiated

Coinbase Pro, the US-based digital asset trading exchange, announced support for Stellar’s native crypto asset XLM on its platform recently. The listing will enable users on the platform to deposit their XLM approximately 12 hours prior to the initiation of full trading. XLM inbound transfers to the exchange would be accepted after 1 PM PT on March 13.
Brian Armstrong revealed the latest development through his official Twitter handle,
Source: Twitter
According to the official blog post, the XLM listing will be immediately available at all the jurisdictions supported by the exchange, excluding the state of New York.
After an adequate volume of XLM is delivered on the Coinbase Pro platform, order books for three trading pairs XLM/USD, XLM/BTC, and XLM/EUR would be initiated. To send XLM to Coinbase Pro, a Memo is required, falsely inputting, which could lead to the permanent loss of funds. Furthermore, funds sent without a Memo will not be received.
The blog post also detailed the stages of the launch, the first being the Transfer-only phase in which consumers will be able to deposit XLM on their exchange wallet. This phase will be live for 12 hours and order books will be in a transfer-only mode and no orders will be filled during this stage.
This phase will be followed by the Post-only stage, during which users on the platform will be able to post limit orders. In this stage, there will be no completed orders, and order books will be in a post-only mode for a minimum of 60 seconds.
The third is the Limit-only stage, which will last for approximately 10 minutes. Limit orders will be completed in this mode, however, consumers will not be able to submit market orders.
In the fourth and final stage, full trading services will be made available for users.
Stellar’s native cryptocurrency XLM drives the payment network for the open-sourced and decentralized protocol. Recently, XLM exhibited a sharp surge of around 30% in just 48 hours in a bearish market. The crypto-community associated the price surge to the coin’s logo modification. The foundation also revealed that its official rebranding was set to launch in May this year.
The post Stellar Lumens [XLM] makes it to Coinbase Pro; order books for three trading pairs initiated appeared first on AMBCrypto.
Source: AMB Crypto

Yet Another Cryptocurrency Wins Listing on Coinbase Pro

CoinSpeaker
Yet Another Cryptocurrency Wins Listing on Coinbase Pro
Coinbase adds Stellar Lumens to its professional trading service Coinbase Pro. Initially, XLM trading will be only available for customers in Coinbase’s supported jurisdictions, expect the state of New York.
Yet Another Cryptocurrency Wins Listing on Coinbase Pro

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Source: CoinSpeaker