Bittorrent To Incentivize 1 Billion Users

It has been revealed that Justin Sun and his organization Tron Foundation is planning to on-board 1 billion users to its platforms with the help of its partners.

To make this plan work Justin and Tron Foundation create 3 new incentive plans to Bittorrent users, partners and clients.

According to Justin they aim to bring new audience into the blockchain community and make the technology accessible within products that people are already using today.

He further adds that their plan will benefit a billion computer installed base, businesses and active Tron and BTT users.

The announcement did not detail what are the specific incentives the Tron camp has in store for the Tron and bittorrent community, more information will be forthcoming the following weeks.

For existing Bittorent users the plan includes accelerating education efforts geared towards aiding them to better understand blockchain technology as well as providing them access to the latest bittorrent technology and Tron Ecosystem.

Big Four Auditing Firm Reveals 41% Of Tech Companies Like To Implement Blockchain Tech By 2021

According to one of the Big four auditing firm, KPMG, companies are looking into integrating distributed ledger technology in the next 3 years.

In a report called ‘Technology Industry Innovation Survey’ the leading financial auditing and tax firm asked over 740 tech companies from 12 different countries how likely they were to implement blockchain technology with the next 36 months.

It was revealed that 41% of all the companies surveyed said that they are likely to adopt the technology while 31% remained neutral about the subject.

The remaining 28% reveals that they have no plans of going into the emerging technology for the time being.

48% of all the technology firms believe that the technology is a disruptive force that may change the way how they conduct their businesses.

Surprisingly the biggest single reason why some companies are hesitant in integrating the technology into their business is the notion that there are no unproven business cases.

This is quite surprising given the fact that governments, industrial giants and multi-trillion banks are already getting into blockchain technology.

Nevertheless the result is a remarkable improvement over other surveys conducted before wherein almost half of respondents do not know blockchain technology.

World Is Not Ready Yet For Cryptocurrencies According To Kaspersky CEO

The CEO of the cybersecurity giant Kaspersky, Eugene Kaspersky stated in a recent interview that cryptocurrency is a great idea, however, he believes that it is too early and the world is not yet ready to use such technology.

He further states that perhaps in a hundred years time when the whole world will be under one government and we will need to have a universal currently.

Currently the executive believes that the different governments of the world would like to maintain status quo where they control the currency of its constituents.

While he believes that digital currencies are the future of the financial markets, he admits that cryptocurrencies like Bitcoin (BTC) cannot replace the current financial system.

Despite the many changes and developments in the ecosystem he has not change is stance about cryptocurrencies since 2015 where he first reveals is adoration of digital currencies but doubts if it would work on today’s setting.

No one is really sure where cryptocurrencies will take us but one thing is for sure, a majority of future thinkers are saying that it is the future of currencies worldwide.

Coinbase Acquires Neutrino For $13.5M

Reports are spreading that the U.S. cryptocurrency giant, Coinbase was able to purchase Neutrino for $13.5 million USD (12 million Euro).

This was according to a copy of a legal document that was dated February 15, 2019 shared by a cryptocurrency-centric online magazine.

This revelation comes after a week of turbulent developments following the acquisition of the said companies that has ties with a hacking group, Hacking Team, whose malware and spyware has been linked to human rights and privacy abuses around the world.

The acquisition did not sit well with the crypto community to the point of some of them asking and actively campaigning for an initiative to delete their Coinbase account dubbed as the #DeleteCoinbase movement.

Nevertheless this did not stop Coinbase from pushing through the acquisition but made a statements that there will be some adjustment on the said agreement so that the new venture will adhere to the values of the company.

These includes removal of the company personnel who were involved in the activities of the Hacking Team that deem unethical or go against Coinbase core values.

Neutrino will remain an independent company that will operate its business in Coinbase’s London office.

Starbucks To Accept Bitcoin Payments

It has been reported that the biggest coffee and snack provider in the world, Starbucks will enable its customers to pay Bitcoin.

This was made possible with its partnership with Bakkt, an upcoming cryptocurrency exchange in which Starbucks is a substantial equity holder.

Bakkt is also the cryptocurrency exchange of the Intercontinental Exchange, the operator of the world’s largest stock exchange in the world, New York Stock Exchange.

According to vice president of Partnerships and Payments at Starbucks, Maria Smith, her company will play a pivotal role in developing practical, trusted and regulated applications for consumers to convert their digital assets into US dollars for us at Starbucks.

It must be noted though that the retail giant is not accepting cryptocurrencies directly as will implement a payment solution by which customers will be able to send their cryptocurrencies to be converted automatically to fiat and be able to use them in Starbucks retails stores.

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