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Enterprise Ethereum Alliance Unveils Token-Enabled Blockchain in Action at Devcon 5

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Enterprise Ethereum Alliance Unveils Token-Enabled Blockchain in Action at Devcon 5

October 8, 2019

The Enterprise Ethereum Alliance (EEA) today announced the organization will demonstrate how EEA standards are contributing to drive the token-based blockchain economy at the Ethereum Foundation’s conference, Devcon 5, October 8-11, 2019, in Osaka, Japan.

October 8, 2019

New EEA Specifications, Demonstrations, and Mainnet Initiative Highlight Maturation of Real Deployments of Enterprise Ethereum Applications  

OSAKA, JAPAN [Devcon 5: EEA Table 14] — Oct. 8, 2019 — The Enterprise Ethereum Alliance (EEA) today announced the organization will demonstrate how EEA standards are contributing to drive the token-based blockchain economy at the Ethereum Foundation’s conference, Devcon 5, October 8-11, 2019, in Osaka, Japan. The EEA will lead several sessions, including a co-hosted Open Forum with the Ethereum Community and its first EEA Mainnet Initiative meeting, to discuss the commercial market requirements needed for businesses to deliver services on the Ethereum mainnet.

The EEA also published new versions of its specifications; documents available for free, public download on the EEA website at https://entethalliance.org/technical-documents/:

“2019 has been a year of growing market acceptance, and at Devcon 5 will be where attendees will experience how Ethereum – enabled by EEA member-driven standards – delivers real-world value through tokenized enterprise solutions,” said EEA Executive Director Ron Resnick. “Join us at our co-hosted Open Forum with the Ethereum community and our Mainnet Working Group meeting to define the building blocks needed to drive the ecosystem forward.”

Attend the First of its Kind Reward Token Trusted Compute Workshop

Day 2 – Wednesday, October 9, 3:30-5:30 p.m. (120 min) in B8 Theater

Learn how the first EEA standards-based trusted compute system with trusted reward tokens (reputation, reward, and penalty) offers a unique look at how to incentivize membership participation within an organization. Developed by the EEA Trusted Execution Task Force  —  ConsenSys Solutions, PegaSys, and Kaleido; Envision Blockchain; iExec; Intel; and Microsoft, the system and interactive workshop enables attendees to:

  1. Learn how the development of multi-vendor applications benefit from EEA standards, Token Taxonomy Framework definitions, and Open Ethereum (ERC) and W3C web standards
  2. Experiment with roles: within a consortium, as an enterprise, and as an enterprise employee
  3. Utilize self-sovereign identity and credentials as an enterprise; earn, share, and redeem token-based rewards; and earn a tokenized reputation

Attend the Open Forum with the Ethereum Community: Ethereum Roadmap 2020

Co-Hosted by the EEA, Ethereum Magicians and Cat Herders

Day 1 – Tuesday, October 8, 10:00-11:30 (90 min) in Convention 1

All attendees are invited to the Devcon 5 Open Forum to discuss ways the EEA and Ethereum community can foster collaboration, strengthen relationships, and build a bridge for future communications. EEA Executive Director Ron Resnick and EEA Director of Community Paul DiMarzio will represent the EEA in this interactive discussion focused on advancing best practices for using the Ethereum mainnet to build commercially viable business applications.

Attend the EEA Mainnet Working Group Overview Meetup

Day 3, Thursday, October 10, 12:15-13:00 (45 min) in Devcon Park Amphitheatre

Join the EEA for an interactive discussion around the new Mainnet Working Group initiative. Co-Chaired by John Wolpert, ConsenSys Senior Product Executive, the Mainnet Working Group will look to harmonize the way industries and ecosystems work on the blockchain. RSVP for the first EEA Mainnet Working Group call, October 22, 2019, open to EEA members and non-members.

Meet with EEA at its Devcon 5 Table 14

EEA Executive Director Ron Resnick and EEA Director of Community Paul DiMarzio will be available to discuss the EEA’s strategy, vision, and specification roadmap. Devcon 5 attendees, EEA members, developers, and enterprise leaders are invited to network with the EEA at our stand on Tuesday and Wednesday, and throughout the conference.

EEA Member Supporting Quotes:

EEA Director of Community Paul DiMarzio

  • “I’m excited to have this opportunity to meet with Devcon attendees and discuss how everyone in the broader Ethereum community can get involved in the evolution of our technical work. I encourage all Ethereum developers to come to the workshop and open forum to engage with us and discuss how EEA specifications can help drive overall Ethereum adoption,” said DiMarzio. “Ron and I will be on hand for interactive discussions covering the most current Enterprise Ethereum advances, coming innovations, and real-world use cases.”

Chair of the EEA Trusted Execution Task Force Jean-Charles Cabelguen, iExec

  • “We have been able to leverage the skills of companies and startups from all over the world to build up a trusted compute specification answering to enterprise-level requirements. Our Trusted Reward Token demonstration to be unveiled at our Devcon 5 workshop illustrates how EEA standards can be articulated to sustain concrete projects,” said Jean-Charles Cabelguen, chair of the EEA Trusted Execution Task Force and iExec chief of Innovation and Adoption. “I would like to thank Banco Santander, Chainlink, ConsenSys, Intel, Microsoft, and all the EEA members that provided contributions to the Off-Chain Trusted Compute specification as well as those that help drive the trusted reward-token workshop.”
  • Read EEA Member iExec’s blog post on the specification.

EEA Founding Board Member Tom Willis, Intel

  • Intel is a contributor to the EEA Off-Chain Trusted Compute Specification and participant in the workshop demo. “We believe Trusted Execution Environments like Intel® SGX can help software developers build better multi-party compute solutions that protect data everywhere,” said Tom Willis, EEA founding board member, and a director at Intel’s Open Source Technology Center. “Intel is committed to helping solve the privacy and security challenges that will further enable blockchain adoption.”
  • Read EEA Member Intel’s blog post on the workshop.

EEA Trusted Execution Task Force Member Dr. Andreas Freund, ConsenSys

  • “The work on the EEA Trusted Reward Token workshop initiative was especially exciting and gratifying because it not only demonstrated that seven very different EEA members can successfully collaborate to combine emerging technologies in novel ways that enable new economic benefits for enterprises, but also that the EEA is maturing as an organization with a focus on co-creating real-world Ethereum based applications that deliver not only value to its members but also to the larger Ethereum ecosystem,” said EEA member Dr. Andreas Freund, Blockchain Swiss Army Knife, ConsenSys .

EEA Board Member Joseph Lubin, Co-founder of Ethereum, and Founder of ConsenSys

  • “In the past year, we have seen a significant acceleration in interest and adoption of Ethereum technology by enterprises. Major players, from big four consulting firms to major financial services companies have not only begun using public Ethereum but also are building infrastructure more tailored to enterprise uses-cases on the Ethereum mainnet. As stewards of the standards and growth of Ethereum, it has been a positive development to see the Ethereum Foundation and the Enterprise Ethereum Alliance continue to strengthen their collaboration at DevCon 5 and beyond. Both organizations are committed to evolving the technology so that it serves mainstream enterprise and government as well as the next generation Web 3.0-based decentralized digital economy,” said Joseph Lubin, EEA Board member, co-founder of Ethereum, and founder of ConsenSys.

EEA Board Member Aya Miyaguchi, Ethereum Foundation

  • “This is an exciting time,” said Ethereum Foundation Executive Director and EEA Board Member Aya Miyaguchi. “As blockchain adoption accelerates, it’s important that the Ethereum Foundation work to connect businesses with the latest research and development coming from our worldwide community, and that we convey our challenges and experiences while better understanding those impacting industries. I hope that this common understanding and cooperation will bring Ethereum technology more broadly and effectively to the world.”

EEA Board Member Marley Gray, Token Taxonomy Initiative Chair, and Microsoft Principal Architect

  • “The rapid acceleration of technology innovation around tokenization and the Ethereum mainnet is changing how consumer-facing industries will deliver value through peer-to-peer transactions and services. The EEA brings together a standards-based approach for tokenization and off-chain compute to define the building blocks needed to drive global interoperability,” said Marley Gray, EEA board member, Token Taxonomy Initiative chair, and principal architect, Microsoft.

EEA Associate Member Brian Behlendorf, Executive Director, Hyperledger

  • “We are thrilled to see the evolution of the EEA and Hyperledger collaboration around the EEA’s Trusted Execution Task Force. Not only is the prototype implementation of those proposed standards being built within Hyperledger Lab, but the Devcon 5 EEA Reward Token Trusted Compute demo leverages Hyperledger Besu – the first Ethereum public blockchain on Hyperledger and one that conforms to EEA’s Client Specification. We expect developers building Enterprise Ethereum-related technologies to be motivated to submit projects to Hyperledger, and we hope that project maintainers will consider taking de-facto interfaces that are suitable for standardization to the appropriate Special Interest Group at the EEA,” said Brian Behlendorf, executive director, Hyperledger, an EEA Associate Member.

*Note to Editors:

EEA Rewards Token-based Trusted Compute Workshop Demo Contributors

The EEA rewards token trusted compute application runs in Besu, an EEA standards-based and Hyperledger-based enterprise Ethereum client, and connects to a Trusted Compute pool which conforms to the EEA Off-Chain Trusted Compute Specification. Kaleido is used to set up the blockchain network for this application and managing the Besu nodes on Microsoft Azure. The Trusted Compute pool is hosted on the Microsoft Azure cloud utilizing Intel® Software Guard Extensions (Intel® SGX). Envision Blockchain built the application administration front-end and back-end, iExec implemented the off-chain token execution logic and deployed the Trusted Compute pool while ConsenSys built the Smart Contract infrastructure for tokens and identity.

About the EEA

The Enterprise Ethereum Alliance (EEA) is a member-driven standards organization whose charter is to develop open blockchain specifications that drive harmonization and interoperability for businesses and consumers worldwide. Our global community of members is made up of leaders, adopters, innovators, developers, and businesses who collaborate to create an open, decentralized web for the benefit of everyone. To join the EEA, please reach out to [email protected].

 

 

The post Enterprise Ethereum Alliance Unveils Token-Enabled Blockchain in Action at Devcon 5 appeared first on Enterprise Ethereum Alliance.

Source: https://entethalliance.org/enterprise-ethereum-alliance-unveils-token-enabled-blockchain-in-action-at-devcon-5/

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The Curious Case of a Conflicted Bitcoin Bearish Wedge

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Bitcoin is stuck below $20,000.

The flagship cryptocurrency has attempted to break above the psychological resistance level multiple times in the last two weeks. In one of the instances, it reached as far as $19,915 only to face a bearish assault at the new record high that pushed its price lower by $2,000. It is evident that traders’ profit-taking behavior goes wild when Bitcoin closes towards $20,000.

Bitcoin Wedge

But looking from a wider perspective, the entire range between $19,500 and $20,000 prompts traders to exit their bullish positions for a short-term profit. In late November, the BTC/USD exchange rate made two back-to-back attempts to break above $19,500, but it succumbed to higher selling sentiment near the level, falling to as low as $16,200 later.

A pullback ensued, and the price again faced the same bearish bias near 19,700 — a development from $19,500, nonetheless. And now, the $19,900-area is giving the same vibes, having been crashed the price to $18,109 upon its latest test.

The price behavior has left Bitcoin in a sequence of modestly increasing higher highs and lower highs. Envisioning them together makes it look like that they are forming a Rising Wedge.

Bitcoin, cryptocurrency, BTCUSD, BTCUSDT

Bitcoin Rising Wedge pattern in development. Source: BTCUSD on TradingView.com

In retrospect, traders see Rising Wedge as a bullish-to-bearish reversal pattern. So it typically happens the price ascends inside the Wedge range but breaks below its support trendline eventually. If accompanied by higher volumes, the negative breakout crashed the price by as much as the maximum distance between the Wedge’s upper and lower trendline.

Bitcoin’s current Rising Wedge pattern’s height is $3,249. Depending on where it breaks lower from, its price would likely fall by roughly $3,000. That would mean a plunge towards $17,000 — at least.

But There Is A Catch

The Wedge’s upper trendline is almost flat, with the difference between higher high levels close to $200. Some traders can also assume that it is a horizontal resistance level. If true, it would throw the entire bearish reversal theory, as discussed above, into a bin.

A horizontal line makes the entire Bitcoin structure looks like an Ascending Triangle. It is a continuation pattern wherein the asset in concern typically continues in its previous trend’s direction with a breakout above the upper trendline. An ideal bull target is as much as the height of the Triangle.

That means Bitcoin price — again — expects a move worth $3,000-3,249 but to the upside. It puts the cryptocurrency’s bull target at around $23,000.

So far, fundamentals favor Bitcoin.

The inflation narrative sticks because of the Federal Reserve’s likelihood of buying short-dated bonds and corporate debts amid a low-interest environment. On the one hand, excessive US dollar liquidity prompts investors to dump the greenback. On the other, the prospects of earning lower yields divert their attention to riskier assets like Bitcoin.

That explains why the cryptocurrency’s Rising Wedge pattern appears less threatening.

Source: https://bitcoinist.com/the-curious-case-of-a-conflicted-bitcoin-bearish-wedge/?utm_source=rss&utm_medium=rss&utm_campaign=the-curious-case-of-a-conflicted-bitcoin-bearish-wedge

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Hackers Demand 200 Bitcoin Ransomware After Compromising Leading Israeli Insurance Company’s Sensitive Data

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A notorious hackers’ group called The Black Shadow has compromised one of the largest insurance companies in Israel – Shirbit. The attackers have already released sensitive client documents and have demanded a ransom in bitcoin, which could rise to $4 million by the end of the week.

Israeli Insurance Company Hacked

According to a local media outlet, the first confirmation of the hack came on Monday evening. Representatives of The Black Shadow group posted an initial batch of compromised documents on a Telegram channel.

Shirbit had contacted the National Cyber Directorate and Capital Market Authority to open an investigation. Shortly after, the organizations confirmed the breach and indicated that the hackers have also leaked numerous insurance details, alongside the initial documents.

According to the report, Shirbit has many high-profile customers, including government employees. Company CEO Zvi Leibushor said that the safety of its clients is Shirbit’s top priority.

“Shirbit has invested millions of shekels in securing databases and protecting against cyber-attacks and meets all the stringent regulatory requirements in this area.” He added that the firm has invested “all resources and efforts needed for an effective safe and rapid solution to this cyber-attack, whose real goal is to try to harm the Israeli economy.”

Demand Requested In Bitcoin

After releasing a small part of the compromised documents, The Black Shadow reps have contacted the victims to request 50 bitcoins (about $960,000 with today’s prices).

However, in case Shirbit failed to pay the attackers within the first 24 hours, the demand would double to 100 bitcoins. The procedure will repeat and double to 200 bitcoins if another 24 hours pass without payment.

Furthermore, the hackers threatened the insurance company that if it fails to transfer the funds by the end of this week, they will sell all compromised data to other bidders.

It’s worth noting that numerous other Israeli companies and high-profile individuals have recently become victims of similar hacks and demands.

CryptoPotato recently reported that 20 Israeli crypto executives, all clients of the local telecommunications giant Partner, were hacked by stealing their SMS messages.

Another coverage informed that a new type of ransomware attacked called Pay2Key has been executed against several Israeli companies in the second part of 2020. The perpetrators had requested the demand in bitcoins, similarly to the Shirbit hack.

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Source: https://cryptopotato.com/hackers-demand-200-bitcoin-ransomware-after-compromising-leading-israeli-insurance-companys-sensitive-data/

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Bitcoin Price to Hit $36,000 in 2021: Kraken Crypto Sentiment Survey

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From what happened in the last couple of weeks, it appears that the crypto bull market is upon us. Bitcoin has been consistent with its volatility-induced rallies, and this is infusing confidence in investors.

So much, so that VIP clients in Kraken’s latest Crypto Sentiment Survey say that BTC will skyrocket to about $36,000 in 2021. They also feel that ETH could revisit its previous highs of $1500.

Bitcoin And ETH To Trade At Average Prices Of $15K and $549 By 2020 End

The latest Kraken Crypto Sentiment Survey covers investor sentiment for the second half of 2020. The exchange had already conducted a similar survey back in March this year. But then investors were way more optimistic about BTC and ETH price growth by December.

Now, the same respondents have retracted their bullish calls for bitcoin and ether (ETH) this year. According to the latest numbers,

The average bitcoin price target among 309 responses fell -35% surveyover-survey to $14,866, well below February’s average of $22,866. The median price target also retraced -28% from $19,424 to $14,000, and the most commonly cited price target was $15,000, down -25% from $20,000.

With respect to ether (ETH), the average price target among 289 responses was $549, off -32% from the previous survey’s average of $810. The median price target was unchanged at $500 and the most frequently cited price target was $500, up +66% from $300.

At 72 percent, traders and investors (down from 81 percent when the survey was conducted in March) comprised a majority of the survey responses. 18 percent of responses came from Institutions (broker, custodian, family office, hedge fund, lender, market maker, private equity firm, proprietary trading firm, or venture capitalist).

And the rest 4 percent – from crypto service providers (ATM, exchange, lender, payment processor) and miners. As compared to March, the researchers at Kraken anticipated a lower price growth optimism from the said respondents since the year is so close to its end.

The Outlook For 2021 Remains Super Bullish

When asked about how they see bitcoin and ether prices in the next year, respondents didn’t shy away from expressing their mega bullish calls. Survey participants called for an average bitcoin price target of $36,602 in 2021. Some put the median bitcoin price target at $25,000, but a lot of folks (approximately 61 percent) felt if not anything else, BTC will at least hit $20,000.

A small section of respondents reported hopium-induced ultra bullish calls.

Approximately, 8% of respondents provided a price target greater-than-or-equal-to $100,000, roughly 20% of respondents reported a price target greater-than-or-equal-to $50,000…

Survey participants were very optimistic about ETH’s outlook as well in the next year. This sentiment came from the discussions around Ethereum’s network upgrade and the growing popularity of the DeFi ecosystem. Respondents think ETH will trade at an average price of $1454 in 2021. Also, at the same time:

Close to 59% believe that ether will, at least, hit $800. Additionally, 22% of respondents see ether surpassing its previous all-time high of $1,595 set in early-January 2018 and just under 92% see ether, at the very least, trading higher than current price in 2021.

What becomes evident from the aforementioned numbers is that participants in a price prediction survey tend to project bullish figures for a longer-term.

Will Bitcoin(BTC) and ether (ETH) hit the above price targets in 2021? That still remains to be seen.

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Source: https://cryptopotato.com/bitcoin-price-to-hit-36000-in-2021-kraken-crypto-sentiment-survey/

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