Hardware wallet maker Ledger and Hong Kong-licensed Legacy Trust now provide custody for crypto assets including ethereum-based tokens.
CoinDesk
Will Apple Put Steve Jobs’ Legacy at Risk if it Tailors Products for the Chinese Market?
Apple co-founder Steve Jobs cultivated a streamlined strategy that focused on a few products suited for all its markets. The iPhone maker may, however, have to change in order to regain the growth momentum it has lost in China. Currently, analysts and ex-employees hold the view that Apple’s streamlined strategy has failed the tech giant in China, The Wall Street Journal reports. This is because the approach has left the company unable to adapt to the local user habits and preferences. Sales of the iPhone Falling by Double Digits in China In the most recent quarter, Apple’s sales in the
29% of Freelancers Wish to be Paid in Crypto: Are Legacy Systems Inefficient?
According to a survey conducted by Humans.net, a job recruitment platform, 29 percent of freelancers would rather get paid in crypto over legacy systems and banks. The survey, which covered 1,100 U.S.-based freelancers, disclosed that 18 percent of the respondents would like to receive all of their payments in crypto while 11 percent would prefer
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Barclays, 300 Year-Old UK Legacy Bank, Files Crypto Patents
The UK’s Barclays, arguably the most powerful international corporate bank in the world, filed two crypto-related patents this week. The 300 year-old legacy bank gobbled up exclusivity over cryptocurrency transfers and distributed ledger data storage. There appears to be a trend for companies, both in and out of the ecosystem, aiming to lock up the potential of money’s future.
Also read: Philippines Embraces Cryptocurrency: Exchanges Issued Provisional Licenses
Legacy Poloniex Customers Are Complaining About Frozen Accounts
This past week, many users who patronize the cryptocurrency exchange, Poloniex, have been complaining about their legacy accounts being frozen for not being verified on the exchange. Complaints are piling up on social media and forums over the past couple of days, with reports of even users who have been able to get their account successfully verified through the automated process still cannot trade or access their funds.
Also read: There’s a Bitcoin Themed Card Game On Kickstarter Called ‘Bitcon’
ivyKoin Seeks to Bridge the Gap Between Legacy Financial Institutions and Cryptocurrency
Legacy financial institutions have generally taken a hands-off approach when it comes to cryptocurrencies due to their lack of transparency and promotion of anonymity. ivyKoin is looking to break down those barriers through its unique transfer of KYC (know your customer) and KYT (know your transaction) data via their blockchain network.
Legacy Systems Need a Hero
With trillions of dollars being transferred on an international scale daily and the growth trajectory of cryptocurrencies, a solution is needed to introduce clean cryptocurrency transactions to existing payments systems. The continuous issue that legacy systems seem to face is balancing between the demand for digital asset transfers and non-negotiable issues with anonymity that are commonplace in the cryptocurrency space.