IBM and China UnionPay Develop Blockchain Loyalty Points Exchange
IBM is working with a China UnionPay to develop a blockchain-based system for trading loyalty points. This platform will allow clients to exchange bonus points earned through purchases with one another. He Shuo, director of China UnionPay’s Electronic Payment Research Institute said in a statement:
"The joint research efforts between China UnionPay E-payment Institute and IBM Research has enabled the successful exchange of bonus points among banks using blockchain technology, which embeds trust into transactions."
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Bitstamp Integrates Ledger Support
Bitstamp, one of the biggest Bitcoin exchanges in the world has added support for Ledger Hardware wallets. Users and traders can now transfer their Bitcoins directly to and from Ledger’s hardware wallet, eliminating the possibility of theft and security breaches.
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New Lawsuit Filed Against Bitcoin Wallet Xapo Founder
Lifelock has filed another lawsuit against Wences Casares, founder of bitcoin wallet company Xapo and the former CFO at digital wallet startup Lemon, Cynthia McAdam. LifeLock has alleged that the two withheld intellectual property related to Xapo and bitcoin integration software for Lemon that should have been included a 2013 acquisition of the startup by LifeLock.
The suit also alleges that both Casares and McAdam worked on developing Xapo during a transition period when they were under the employ of Lifelock.
The complaint states:
"Defendants' post-merger employment was little more than a ruse because while employed by Lemon, in Lemon offices, on Lemon computers and on Lemon-owned cloud server accounts, during Lemon-paid business hours, and using Lemon IP, defendants simply plotted their exit to Xapo while devoting the majority of their time to developing Xapo products."
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Litecoin added to Jaxx Wallets
Jaxx, the multi-currency wallet will add Litecoin to all of its supported platforms, including the Apple App Store, from which Dash was recently removed and Ethereum Classic rejected. The announcement was made by Decentral, creators of the cryptocurrency wallet that, following an overwhelming wave of requests by the community, had no choice but to add the coin to its wallets.
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