ShapeShift Breaks New Ground With 'Prism'
Swiss startup ShapeShift is launching Prism, a new kind of exchange that specializes in the sale of synthetic ethereum assets. Prism is a new way to trade cryptocurrencies, enabling users to create custom "prisms" by putting Ether into a smart contract on the ethereum blockchain that is designed to mimic the price fluctuations of any of the hundreds of cryptocurrencies.
ShapeShift CEO Erik Voorhees said:
"If you want to get 20 different coins today, you have two ways of doing it. What most people do they make an account at the exchange, they make an account at the exchange and they just leave them there. It causes a huge counterparty risk."
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Peach Becomes the First Japanese Airline to Accept Bitcoin
Peach Aviation Ltd has become the first Japanese airline to accept Bitcoin with the company citing recent changes to Bitcoin’s legal status in the country. The move is a way to attract more customers from other parts of Asia where Bitcoin is also taking off like China and South Korea and was caused by the update to Japan’s law on settlement in April, which made Bitcoin a legal form of payment in the country. Shinichi Inoue, Peach chief executive officer stated:
"We want to encourage visitors from overseas and the revitalization of Japan’s regions."
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JPMorgan Partners With Zcash on Blockchain Security
The largest bank in the world has partnered with the makers of zcash to provide a new layer of privacy to the users of its enterprise-grade blockchain. The companies are now in the process of integrating ZSL, a zero-knowledge security layer designed to securely – and anonymously – settle transactions on the blockchain that were previously conducted elsewhere. Zcash CEO Zooko Wilcox said that the tech integration could lead to major growth in the kinds of assets that can be utilized, with JPMorgan's open-source blockchain as a basis. Wilcox said:
"It's the same thing that we've deployed in the zcash cryptocurrency. We're fitting that on top of Quorum, and it's providing the same kind of security for Quorum that it provides for zcash."
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Deloitte Joins Blockchain Consortiums Ethereum Alliance and Hyperledger
Deloitte has officially joined the Enterprise Ethereum Alliance, launched in February to promote corporate use of the ethereum blockchain, and the Hyperledger project, the Linux-led umbrella effort that houses various open-source enterprise distributed ledger technologies contributed by members. Deloitte principal Eric Piscini framed the news as more of a formalization of existing relationships with both groups. He said:
"We've done projects on Hyperledger and ethereum for a long time. What's new to us is we want to be part of those organizations and structure. We want to drive some of the activities in the consortium."
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