Bitcoin [BTC] below $5000 is a good buy, says El-Erian Bitcoin, Ethereum [ETH], Ripple [XRP], Tron [TRX] bounce back – 12% jump in under 3 hours Tron [TRX] trading resumes on UK based exchange CoinFalcon Dash [DASH]’s Bugcrowd platform “saved a lot of embarrassment” – Jim Bursch John McAfee to talk about Blockchain, thumbs up to the recovery Ripple’s xCurrent under analysis: SBI’s latest document Ontology [ONT] announces second-half of airdrop, reveals the date Ontology [ONT] receives O3 Wallet’s support prior to the mainnet launch Roger Ver trashes Bitcoin [BTC], never ending controversy Bitcoin [BTC] hardware wallet: Upgrades and updates Market Crash: Bitcoin [BTC] falls to $5815, fresh lows More than 1000 cryptocurrencies marked dead in a recent study IOTA [MIOTA]: Tangle and Local Modifiers update Bithumb hack: $17 million worth Bitcoin, Bitcoin Cash, Ripple, Ethereum among other cryptos lost, not $31 million Ripple [XRP] passes rival Swift’s gpi as ‘marginal improvement’ Belief in Ripple and XRP stays strong with SBI Holdings CEO’s recent comment Ebay, a multinational e-commerce company with $10 billion in revenue and $2 billion in yearly profits has recently joined Enterprise Ethereum Alliance [EEA]. EEA is an alliance that is built to customize Ethereum for industry players.

EEA connects Fortune 500 enterprises with Ethereum subject matter experts, including Accenture, J.P Morgan, CME Group, Microsoft, and Intel. Foxconn, a multinational electronics contract manufacturing company is also the latest of the companies to join EEA. Hon Hai Precision Industry Company Ltd is the anchor company of Foxconn.

In 2016, Foxconn ranked 25th among Fortune Global 500. It stands as the world’s largest contract electronics manufacturer and the fourth-largest information technology company in terms of its revenue.

EEA mailing list mentioning new additions | Source: Twitter Their interest in Ethereum Network is presumably to learn how smart contracts can be utilized to keep track or on how ledger can be utilized in their financial prospects. Joseph Lubin, co-founder of Ethereum, said at the EEA’s launch: “Enterprises represent mindshare, they represent resources, In order to get the technology out, in order to make it ubiquitous, we need to speak to everybody and make ethereum inclusive.” EEA is designed to serve three objectives according to their website: Rui V. Maia, Ethereum enthusiast, and a Twitter user commented: “According to the official #EnterpriseEthereumAlliance newsletter, it is indeed true.

The market doesn’t react much to these news, especially because we’re in a bear market, but all this enterprise support strengthens the ecosystem and will produce more innovation and adoption.” Follow us on Telegram | Twitter | Facebook Ranjitha Shastry is a part of AMBCrypto’s News Reporting Team. Having done her major in Journalism and mass communication, she is passionate about business and economic journalism. Read more from…

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