Joe Lubin and Jimmy Song Make Bitcoin Bet Over Blockchain 'Magic Dust'
https://www.coindesk.com/lubin-song-wager-bitcoin-blockchain-consensus/
https://www.coindesk.com/lubin-song-wager-bitcoin-blockchain-consensus/
CoinDesk
Joe Lubin and Jimmy Song Make Bitcoin Bet Over Blockchain ‘Magic Dust’
The ethereum evangelist and bitcoin maximalist battled it out onstage at Consensus 2018.
LedgerX Announces Bitcoin Options Trading Upgrade
https://www.coindesk.com/ledgerx-announces-bitcoin-options-trading-upgrade/
https://www.coindesk.com/ledgerx-announces-bitcoin-options-trading-upgrade/
CoinDesk
LedgerX Announces Bitcoin Options Trading Upgrade
LedgerX announced Tuesday that it is launching a new simplified interface for a bitcoin call options trading platform.
Whitfield Diffie Talks Cryptography 'Resurgence' and Blockchain
https://www.coindesk.com/whitfield-diffie-talks-cryptography-resurgence-blockchain/
https://www.coindesk.com/whitfield-diffie-talks-cryptography-resurgence-blockchain/
CoinDesk
Whitfield Diffie Talks Cryptography 'Resurgence' and Blockchain - CoinDesk
A pioneer of public-key cryptography said the blockchain boom represents a "resurgence" of the work he helped start in the 1970s.
Payera bounty Programm hat begonnen. ICO startet in wenigen Tagen. Interessantes Projekt:
https://payera.io
Bounty Program:
https://bitcointalk.org/index.php?topic=3616035.0
1. Join https://t.me/payera
2. Join https://t.me/PayeraBounty
https://payera.io
Bounty Program:
https://bitcointalk.org/index.php?topic=3616035.0
1. Join https://t.me/payera
2. Join https://t.me/PayeraBounty
What is EQUI?
Venture Capital Transformed
EQUI, a new investment platform opens up venture capital to a wider audience, providing access to vetted, early-stage high-growth tech companies. EQUI allows individuals to combine forces and participate in an investment sector that has traditionally been the preserve of institutions and ultra-high net worth individuals.
EQUI is a web-based application leveraging the Ethereum blockchain to showcase exciting investment projects, that anyone can gain a stake in, using the new cryptocoin, EQUItoken. EQUI seeks to reward participants who share their vision, offering an enhanced incentive structure.
An Experienced and Dynamic Team
Backed by a board of successful and visionary entrepreneurs, EQUI harnesses a vast global network to identify innovative pioneers and exciting ventures that will excel from the injection of not just finance but also operational and strategic expertise. Businesses brought on to the EQUI platform will benefit from the guidance of the experienced team through mentorship and support.
A Game Changer in the Venture Capital Space
Utilising new technology and combining it with traditional venture capital investment models, EQUI is a unique offering that will disrupt conventional thinking in this space.
The EQUI Vision
https://youtu.be/N0eUZURrHZg
Venture Capital Transformed
EQUI, a new investment platform opens up venture capital to a wider audience, providing access to vetted, early-stage high-growth tech companies. EQUI allows individuals to combine forces and participate in an investment sector that has traditionally been the preserve of institutions and ultra-high net worth individuals.
EQUI is a web-based application leveraging the Ethereum blockchain to showcase exciting investment projects, that anyone can gain a stake in, using the new cryptocoin, EQUItoken. EQUI seeks to reward participants who share their vision, offering an enhanced incentive structure.
An Experienced and Dynamic Team
Backed by a board of successful and visionary entrepreneurs, EQUI harnesses a vast global network to identify innovative pioneers and exciting ventures that will excel from the injection of not just finance but also operational and strategic expertise. Businesses brought on to the EQUI platform will benefit from the guidance of the experienced team through mentorship and support.
A Game Changer in the Venture Capital Space
Utilising new technology and combining it with traditional venture capital investment models, EQUI is a unique offering that will disrupt conventional thinking in this space.
The EQUI Vision
https://youtu.be/N0eUZURrHZg
YouTube
Doug Barrowman Introduction to Equi
Lead Founder, Doug Barrowman launches EQUI and explains the thinking behind the concept. For further information about EQUI, please visit https://equi.capital
💥 ENERGY PREMIER ICO
What problems does ENERGY PREMIER solve?
✅ To give opportunities to people! Today, electricity trade is connected with large corporations and electricity exchanges. The team uses the block system to open these transactions to people and supplement it with offers and functions of the group request.
✅ Promotes decentralization and transparency. Today, electricity trade is opaque and limited in the markets. The team uses smart contracts to ensure transparency and eliminate distance as a limiting factor.
✅ Efficiency of trade for the user.Today, trade in electricity is full of intermediaries, lags and processes. We use smart contracts for cheaper, faster and safer trading, the cancellation of intermediaries and the collection of encrypted offers of price offer.
Join TokenSale
Telegram Channel
What problems does ENERGY PREMIER solve?
✅ To give opportunities to people! Today, electricity trade is connected with large corporations and electricity exchanges. The team uses the block system to open these transactions to people and supplement it with offers and functions of the group request.
✅ Promotes decentralization and transparency. Today, electricity trade is opaque and limited in the markets. The team uses smart contracts to ensure transparency and eliminate distance as a limiting factor.
✅ Efficiency of trade for the user.Today, trade in electricity is full of intermediaries, lags and processes. We use smart contracts for cheaper, faster and safer trading, the cancellation of intermediaries and the collection of encrypted offers of price offer.
Join TokenSale
Telegram Channel
♥♣ THE FIRST TRANSPARENT BLOCKCHAIN CASINO DEVELOPED BY PLAYERS FOR PLAYERS ♦♠
🎲 What is Gamblica?
Every member will need Gamblica’s native currency in order to play the casino games. Gamblica coin is the in-game currency to use for betting and slots. Once the user is registered, they’ll need tokens to play each game. Some of these games range from poker rooms, sports better, slot machines, and additional casino games.
The platform also has a transparent system for the casino games’ outcomes. If you do win, you’ll receive a secure and automatic payout thanks to its decentralized ecosystem and smart contracts.
All the payouts are given to your Gamblica account after the casino’s outcome is confirmed. Then, you can withdraw the tokens and sell them for real cash or any cryptocurrency you want you obtain.
🎲 Aspects
Guaranteed Honesty: Gamblica address the issue of global fraud by giving the players the opportunity to verify and check the casino’s algorithm.
Expertise First: Unlike other projects, Gamblica is ran by a team of managers that have over 10 years of experience in the gambling industry. Their main goal is to create a safe and pleasant gambling experience.
Focused on the End User: The main reason why most gambling blockchains fail is that they look for odd gambling operators, who aren’t interested in gaining profits. That’s why it’s not a White Label project, as it helps the end user.
🎲 What Issue Does it Solve?
While the online gambling industry has over $50 billion in market share, there are still a few problems present within its system. For example, there is always a chance that users will commit fraud and receive an unfair advantage within the game.
Gamblica isn’t the first blockchain gambling network. However, they stand out from its competitors based on their ideas. A main element of the platform is that their games have a higher level of fairness.
They have a random number generation system that acts on a cryptographic algorithm. This means that the system creates a random number based on the parameters that are inputted into it. Thus, Gamblica’s random number generator uses multi-factor models which is reliable and more secure based on the game’s outcomes.
In essence, they plan on solving the problem of online gambling through these following
✅ Cheap and fast transactions
✅ Globalization (international and fast payments, and global expansions)
✅ Using a decentralized system that eliminates the need of fraud.
🎲 Token Sale Information
✅ Website: View
✅ Whitepaper: Read
✅ Accepted Payment: BTC, ETH
✅ Soft Cap: 4,000 ETH
✅ Hard Cap: 40,000 ETH
Website
ANN Bitcointalk
Facebook
Twitter
Telegram
🎲 What is Gamblica?
Every member will need Gamblica’s native currency in order to play the casino games. Gamblica coin is the in-game currency to use for betting and slots. Once the user is registered, they’ll need tokens to play each game. Some of these games range from poker rooms, sports better, slot machines, and additional casino games.
The platform also has a transparent system for the casino games’ outcomes. If you do win, you’ll receive a secure and automatic payout thanks to its decentralized ecosystem and smart contracts.
All the payouts are given to your Gamblica account after the casino’s outcome is confirmed. Then, you can withdraw the tokens and sell them for real cash or any cryptocurrency you want you obtain.
🎲 Aspects
Guaranteed Honesty: Gamblica address the issue of global fraud by giving the players the opportunity to verify and check the casino’s algorithm.
Expertise First: Unlike other projects, Gamblica is ran by a team of managers that have over 10 years of experience in the gambling industry. Their main goal is to create a safe and pleasant gambling experience.
Focused on the End User: The main reason why most gambling blockchains fail is that they look for odd gambling operators, who aren’t interested in gaining profits. That’s why it’s not a White Label project, as it helps the end user.
🎲 What Issue Does it Solve?
While the online gambling industry has over $50 billion in market share, there are still a few problems present within its system. For example, there is always a chance that users will commit fraud and receive an unfair advantage within the game.
Gamblica isn’t the first blockchain gambling network. However, they stand out from its competitors based on their ideas. A main element of the platform is that their games have a higher level of fairness.
They have a random number generation system that acts on a cryptographic algorithm. This means that the system creates a random number based on the parameters that are inputted into it. Thus, Gamblica’s random number generator uses multi-factor models which is reliable and more secure based on the game’s outcomes.
In essence, they plan on solving the problem of online gambling through these following
✅ Cheap and fast transactions
✅ Globalization (international and fast payments, and global expansions)
✅ Using a decentralized system that eliminates the need of fraud.
🎲 Token Sale Information
✅ Website: View
✅ Whitepaper: Read
✅ Accepted Payment: BTC, ETH
✅ Soft Cap: 4,000 ETH
✅ Hard Cap: 40,000 ETH
Website
ANN Bitcointalk
Telegram
Facebook
Gamblica
Gamblica, Zebbug, Malta. 6,559 likes · 1 was here. Global blockchain-based gambling platform developed by players for players.
⌛ A Not to Miss Opportunity ⌛
✅ Contribute in our ICO Sale here 👉 http://ow.ly/RpaW30k03WN
👉 Follow us
✅ Medium: http://bit.ly/2uncdXS
✅ Telegram: http://t.me/WeiCrowd
✅ LinkedIn: http://bit.ly/2pBRVVe
#WeiCrowd #WEIS #TokenSale #TokenSale #ICO #ICOSale
✅ Contribute in our ICO Sale here 👉 http://ow.ly/RpaW30k03WN
👉 Follow us
✅ Medium: http://bit.ly/2uncdXS
✅ Telegram: http://t.me/WeiCrowd
✅ LinkedIn: http://bit.ly/2pBRVVe
#WeiCrowd #WEIS #TokenSale #TokenSale #ICO #ICOSale
🔰 BitFence ICO
BitFence will remove hackers from your business or Home Network. Built on top of the Ethereum Blockain. Protection provided by BitFence will block high risk hosts, malicious payloads, viruses, malware, suspicious addresses automatically within seconds everywhere around the globe after threat is "mined" by the network of our StingMiners and risk scored with BitFence Engine. BitFence HNY Tokens are designed to provide comprehensive economic model to enable functionality of the cyber threat prevention system. Payments for subscription services will solely be conducted utilizing HNY Tokens. Moreover, all rewards for BitFence Miners will also be distributed with HNY Tokens. HNY Tokens are standard Ethereum ERC20 smart contract-based tokens which is implemented also within BitFence Business Logic. HNY Token unifies Threat Detection and Protection Service into single ecosystem with complete life cycle as follow.
💰 Token Sale Event Details
BitFence Token Generating Event (TGE) will be accomplished in two phases– i.e. Pre-Sale Event and Actual Token Sale or Crowd Sale Event. Total planned days for these events are approximately 60 days. The hard cap figure during both
TGE phases collectively is $50 million. Standard HNY exchange rate during ICO should approximately be 1 ETH = 6,000 HNY Tokens. Bonus structure will be continuous. Starting with 40% at day one of pre-sale, keep it for one week and then gradually decreasing to 0 at the last day of sale.
✅ Token Type ERC20
✅ TGE Structure 30 days pre-sale + 60 days sale
✅ Accepted payment methods: ETH, BTC, LTC, DASH
✅ Absolute Max number of HNY minted 1,000,000,000
✅ Maximum HNY available during TGE 50% or 500,000,000
✅ Soft Cap (in USD) $1,000,000
✅ Maximum Hard Cap (in USD) $50,000,000
✅ Base HNY Price 1 ETH = 6000 HNY
✅ Volume Discounts Starts from 10 ETH = 10%, 20 ETH = 20%, etc.
✅ Referral Bonus 10%
Website
ANN
Telegram
BitFence will remove hackers from your business or Home Network. Built on top of the Ethereum Blockain. Protection provided by BitFence will block high risk hosts, malicious payloads, viruses, malware, suspicious addresses automatically within seconds everywhere around the globe after threat is "mined" by the network of our StingMiners and risk scored with BitFence Engine. BitFence HNY Tokens are designed to provide comprehensive economic model to enable functionality of the cyber threat prevention system. Payments for subscription services will solely be conducted utilizing HNY Tokens. Moreover, all rewards for BitFence Miners will also be distributed with HNY Tokens. HNY Tokens are standard Ethereum ERC20 smart contract-based tokens which is implemented also within BitFence Business Logic. HNY Token unifies Threat Detection and Protection Service into single ecosystem with complete life cycle as follow.
💰 Token Sale Event Details
BitFence Token Generating Event (TGE) will be accomplished in two phases– i.e. Pre-Sale Event and Actual Token Sale or Crowd Sale Event. Total planned days for these events are approximately 60 days. The hard cap figure during both
TGE phases collectively is $50 million. Standard HNY exchange rate during ICO should approximately be 1 ETH = 6,000 HNY Tokens. Bonus structure will be continuous. Starting with 40% at day one of pre-sale, keep it for one week and then gradually decreasing to 0 at the last day of sale.
✅ Token Type ERC20
✅ TGE Structure 30 days pre-sale + 60 days sale
✅ Accepted payment methods: ETH, BTC, LTC, DASH
✅ Absolute Max number of HNY minted 1,000,000,000
✅ Maximum HNY available during TGE 50% or 500,000,000
✅ Soft Cap (in USD) $1,000,000
✅ Maximum Hard Cap (in USD) $50,000,000
✅ Base HNY Price 1 ETH = 6000 HNY
✅ Volume Discounts Starts from 10 ETH = 10%, 20 ETH = 20%, etc.
✅ Referral Bonus 10%
Website
ANN
Telegram
💥 Yumerium . An lncentivized, Blockchain Based, Open Gaming Platform
Abstract
Want to monetize your effort on playing games? Want to monetize your game reviews on Youtube and Twitch? The Yumerium Platform gives gamers the power to play, review and share games online and offline worldwide and receive YUMERIUM tokens.
Why?
Because gaming platforms need to reward player’s efforts. Playing and sharing games attracts more players with little to no reward to influencers and a lot of savings to game publishers.
So far, gaming platforms takes 30% of revenue by just connecting gaming developers and game players. This leaves makes it harder for game developers to turn a profit and altogether ignores players and reviewer efforts.
We set out to change that. With the Yumerium Platform & YUMERIUM Token, we can make your experience count! All gaming efforts, whether it be playing, reviewing or sharing will be recorded on our blockchain. As your influence on the eco-system increases, so will amount of YUMERIUM tokens you earn. You can use these tokens to play other games on our online Yumerium platform and play games offline at partner arcades and internet cafes.
Developers can also join in on the platform. The more players join your game the more YUMERIUM tokens you can earn. Eventually, players can even become developers themselves and create their own games!
Who we are?
YUMERIUM is being developed by Subdream Studios, which was founded in November 2016 in Los Altos, California. The studio has released multiple successful games and has an experienced team of online game developers and offline arcade developers. Subdream Studios has received $2.3M of equity funding from global investors such as HTC (Taiwan), DeNA (Japan), Genesia Ventures (Japan), Cognitive Investment (Korea), Macro (U.S.), and Bridgelink Capital (China).
Subdream Studios currently has 5 VR games in the market, the latest being Galaga Fever, which was a joint effort with Bandai-Namco. In early 2017, Subdream Studios also became the major shareholder of VR Plus, the biggest VR Arcade in Korea with over 30 locations. The studio has recently acquired partial ownership of Exalabs, which already has experience with cryptocurrency development. Exalabs will release their token, Hurbit, on the exchange market in Summer 2018.
Links:
Website: http://www.yumerium.com/
Twitter: https://twitter.com/yumeriumtoken
Facebook: https://www.facebook.com/Yumeriumtoken/
Telegram: https://t.me/joinchat/H5o7EE7ncnHvSXJJYWSLYg
Abstract
Want to monetize your effort on playing games? Want to monetize your game reviews on Youtube and Twitch? The Yumerium Platform gives gamers the power to play, review and share games online and offline worldwide and receive YUMERIUM tokens.
Why?
Because gaming platforms need to reward player’s efforts. Playing and sharing games attracts more players with little to no reward to influencers and a lot of savings to game publishers.
So far, gaming platforms takes 30% of revenue by just connecting gaming developers and game players. This leaves makes it harder for game developers to turn a profit and altogether ignores players and reviewer efforts.
We set out to change that. With the Yumerium Platform & YUMERIUM Token, we can make your experience count! All gaming efforts, whether it be playing, reviewing or sharing will be recorded on our blockchain. As your influence on the eco-system increases, so will amount of YUMERIUM tokens you earn. You can use these tokens to play other games on our online Yumerium platform and play games offline at partner arcades and internet cafes.
Developers can also join in on the platform. The more players join your game the more YUMERIUM tokens you can earn. Eventually, players can even become developers themselves and create their own games!
Who we are?
YUMERIUM is being developed by Subdream Studios, which was founded in November 2016 in Los Altos, California. The studio has released multiple successful games and has an experienced team of online game developers and offline arcade developers. Subdream Studios has received $2.3M of equity funding from global investors such as HTC (Taiwan), DeNA (Japan), Genesia Ventures (Japan), Cognitive Investment (Korea), Macro (U.S.), and Bridgelink Capital (China).
Subdream Studios currently has 5 VR games in the market, the latest being Galaga Fever, which was a joint effort with Bandai-Namco. In early 2017, Subdream Studios also became the major shareholder of VR Plus, the biggest VR Arcade in Korea with over 30 locations. The studio has recently acquired partial ownership of Exalabs, which already has experience with cryptocurrency development. Exalabs will release their token, Hurbit, on the exchange market in Summer 2018.
Links:
Website: http://www.yumerium.com/
Twitter: https://twitter.com/yumeriumtoken
Facebook: https://www.facebook.com/Yumeriumtoken/
Telegram: https://t.me/joinchat/H5o7EE7ncnHvSXJJYWSLYg
X (formerly Twitter)
Yumerium (@yumeriumtoken) / X
Yumerium is a utility token developed with the utilization of blockchain technology to enhance virtual economics of the gaming world.
🔥 DataBroker DAO: Global market for local data
The first marketplace to sell & buy sensor data.
As a decentralised marketplace for IoT sensor data using Blockchain technology, Databroker DAO enables sensor owners to turn generated data into revenue streams. This will open up a wealth of opportunities for various industries. Data will be used and become more effective.
Unlocking the potential & monetization of IoT sensor data
Individuals, companies, researchers & governments are spending hundreds of billions each year on buying and maintaining IoT sensors.
Unlocking the potential & monetization of IOT sensor data
The growth of the investment and applications in IoT is truly staggering, and yet, all data captured by these devices is locked up in silos and walled gardens.
Who is it for?
DataBroker DAO connects people with complementary needs. The platform allows sensor owners to earn back their investments in hardware while enabling entrepreneurs and organizations to buy and aggregate data for their own purpose or resell the enriched data via DataBroker DAO.
Sensor owners, Network operators, Sensor manufacturers, Smart city initiatives, Agricultural sector, Academics, …
DTX Tokensale
The token sale will accept purchases in ETH or BTC. The tokens will be delivered the week after the sale completes.
Pre-sale starts March 5th, 2018 4PM CET - 50% bonus
Main sale starts March 12th, 2018 4PM CET - 30-0% bonus
Referral program - 5%
Bounty campaign at: https://bitcointalk.org/index.php?topic=2909180.0
Visit https://databrokerdao.com and check out the whitepaper at https://databrokerdao.com/whitepaper/WHITEPAPER_DataBrokerDAO_ENG.pdf for more information about our solution, alliance and our team members.
The first marketplace to sell & buy sensor data.
As a decentralised marketplace for IoT sensor data using Blockchain technology, Databroker DAO enables sensor owners to turn generated data into revenue streams. This will open up a wealth of opportunities for various industries. Data will be used and become more effective.
Unlocking the potential & monetization of IoT sensor data
Individuals, companies, researchers & governments are spending hundreds of billions each year on buying and maintaining IoT sensors.
Unlocking the potential & monetization of IOT sensor data
The growth of the investment and applications in IoT is truly staggering, and yet, all data captured by these devices is locked up in silos and walled gardens.
Who is it for?
DataBroker DAO connects people with complementary needs. The platform allows sensor owners to earn back their investments in hardware while enabling entrepreneurs and organizations to buy and aggregate data for their own purpose or resell the enriched data via DataBroker DAO.
Sensor owners, Network operators, Sensor manufacturers, Smart city initiatives, Agricultural sector, Academics, …
DTX Tokensale
The token sale will accept purchases in ETH or BTC. The tokens will be delivered the week after the sale completes.
Pre-sale starts March 5th, 2018 4PM CET - 50% bonus
Main sale starts March 12th, 2018 4PM CET - 30-0% bonus
Referral program - 5%
Bounty campaign at: https://bitcointalk.org/index.php?topic=2909180.0
Visit https://databrokerdao.com and check out the whitepaper at https://databrokerdao.com/whitepaper/WHITEPAPER_DataBrokerDAO_ENG.pdf for more information about our solution, alliance and our team members.
Founders of ICO Endorsed By Floyd Mayweather Indicted for Fraud
https://www.coindesk.com/mayweather-backed-ico-co-founders-indicted-for-fraud/
https://www.coindesk.com/mayweather-backed-ico-co-founders-indicted-for-fraud/
CoinDesk
Founders of ICO Endorsed By Floyd Mayweather Indicted for Fraud - CoinDesk
The U.S. Attorney for the Southern District of New York has announced that the co-founders of a Floyd Mayweather-backed ICO have been indicted.
Coinbase Rolls Out Crypto Custody Product for Institutions
https://www.coindesk.com/coinbase-rolls-out-crypto-custody-product-for-institutions/
https://www.coindesk.com/coinbase-rolls-out-crypto-custody-product-for-institutions/
CoinDesk
Coinbase Rolls Out Crypto Custody Product for Institutions - CoinDesk
First announced last year, Coinbase Custody is a cryptocurrency storage service directed specifically at large financial institutions.
New SALT Bridge Foundation Reaches Out to World’s Unbanked
https://bitcoinmagazine.com/articles/new-salt-bridge-foundation-reaches-out-worlds-unbanked/
https://bitcoinmagazine.com/articles/new-salt-bridge-foundation-reaches-out-worlds-unbanked/
One of the first launches out of the gate at Consensus 2018 (https://www.coindesk.com/events/consensus-2018/) is from SALT (https://www.saltlending.com/) (Secured Automated Lending Technology) Lending Holdings. The Colorado blockchain-based cash loan provider is launching the SALT Bridge Foundation to create a financial leg up for the estimated two billion unbanked and underbanked people around the world.
SALT (named after salt (https://bitcoinmagazine.com/articles/salt-enables-traditional-lending-secured-cryptocurrency/) — historically the first commodity-based money) uses blockchain technology and smart contracts to offer a lending program based on cryptocurrencies as a collateral.The mission of the SALT Bridge Foundation is to use blockchain technology and cryptocurrency education and lending services to financially empower those without banking services in the developing world.The SALT Bridge Foundation will provide students with courses in blockchain technology and cryptocurrencies, and the opportunity to work with nonprofit organizations to implement blockchain technologies in communities around the world.Describing the foundation’s mission as “creating a bridge to cryptocurrency and the understanding of blockchain,” SALT Executive Director Dan Moore said in a release:“Blockchain allows us to truly implement the long-held vision of utilizing technology to improve the economic standing and the autonomy of everyone on this planet. I am honored to lead the Salt Bridge Foundation as we contribute to a greater shared future.” Education and TrainingThe foundation is already running a pilot project jointly with Denver-based Regis University College of Business and Economics (https://www.regis.edu/cbe). Students are learning the basics of blockchain technology and cryptocurrencies with courses on financial literacy and the benefits of cryptocurrency and blockchain-based financial systems.In an interview with Bitcoin Magazine, Moore said:“We are working with underbanked students at Regis University to provide financial literacy education and aid to be a part of this amazing experience. We are excited to see this program grow and deepen our partnership with such a respected and influential university.”He added, “The chance to apply what you learn in the classroom to the real world for a meaningful and tangible impact changed my entire perspective and this program provided a natural partnership for the work of the SALT Bridge Foundation.”After completing the course, scholarships enable students in this pilot project to go into the field in Uganda to participate in a social-impact program aimed at improving financial inclusion.Moore explained why SALT chose Uganda for their first project:“We initially targeted West Africa for a number of reasons: first and foremost, the lack of access to formal financial services results in substantial levels of poverty and with approximately 350 million unbanked adults (http://www.worldbank.org/content/dam/Worldbank/Research/GlobalFindex/PDF/N2Unbanked.pdf) in Sub-Saharan Africa, there is a tremendous need for the opportunities financial inclusion can provide.”He added, “We have seen progress through the burgeoning mobile ecosystem, which has demonstrated varying levels of success, and we believe the SALT Bridge Foundation can augment that work.” The foundation also plans to train staff from voluntary and nonprofit organizations in how best to use blockchain technology and cryptocurrencies for donation management. Providing a Financial Blockchain Platform for the UnbankedThe other component of the foundation involves using the SALT platform by providing access to blockchain-based financial services where traditional systems are out of reach.Moore told us they will be using SALT’s own proprietary lending platform, the Secured Automated Lending Technology platform, which operates a lending marketplace for blockchain-based assets, for the pilot project:“We plan to use the SALT Lending technology
SALT (named after salt (https://bitcoinmagazine.com/articles/salt-enables-traditional-lending-secured-cryptocurrency/) — historically the first commodity-based money) uses blockchain technology and smart contracts to offer a lending program based on cryptocurrencies as a collateral.The mission of the SALT Bridge Foundation is to use blockchain technology and cryptocurrency education and lending services to financially empower those without banking services in the developing world.The SALT Bridge Foundation will provide students with courses in blockchain technology and cryptocurrencies, and the opportunity to work with nonprofit organizations to implement blockchain technologies in communities around the world.Describing the foundation’s mission as “creating a bridge to cryptocurrency and the understanding of blockchain,” SALT Executive Director Dan Moore said in a release:“Blockchain allows us to truly implement the long-held vision of utilizing technology to improve the economic standing and the autonomy of everyone on this planet. I am honored to lead the Salt Bridge Foundation as we contribute to a greater shared future.” Education and TrainingThe foundation is already running a pilot project jointly with Denver-based Regis University College of Business and Economics (https://www.regis.edu/cbe). Students are learning the basics of blockchain technology and cryptocurrencies with courses on financial literacy and the benefits of cryptocurrency and blockchain-based financial systems.In an interview with Bitcoin Magazine, Moore said:“We are working with underbanked students at Regis University to provide financial literacy education and aid to be a part of this amazing experience. We are excited to see this program grow and deepen our partnership with such a respected and influential university.”He added, “The chance to apply what you learn in the classroom to the real world for a meaningful and tangible impact changed my entire perspective and this program provided a natural partnership for the work of the SALT Bridge Foundation.”After completing the course, scholarships enable students in this pilot project to go into the field in Uganda to participate in a social-impact program aimed at improving financial inclusion.Moore explained why SALT chose Uganda for their first project:“We initially targeted West Africa for a number of reasons: first and foremost, the lack of access to formal financial services results in substantial levels of poverty and with approximately 350 million unbanked adults (http://www.worldbank.org/content/dam/Worldbank/Research/GlobalFindex/PDF/N2Unbanked.pdf) in Sub-Saharan Africa, there is a tremendous need for the opportunities financial inclusion can provide.”He added, “We have seen progress through the burgeoning mobile ecosystem, which has demonstrated varying levels of success, and we believe the SALT Bridge Foundation can augment that work.” The foundation also plans to train staff from voluntary and nonprofit organizations in how best to use blockchain technology and cryptocurrencies for donation management. Providing a Financial Blockchain Platform for the UnbankedThe other component of the foundation involves using the SALT platform by providing access to blockchain-based financial services where traditional systems are out of reach.Moore told us they will be using SALT’s own proprietary lending platform, the Secured Automated Lending Technology platform, which operates a lending marketplace for blockchain-based assets, for the pilot project:“We plan to use the SALT Lending technology
to capitalize on the crypto-collateral we provide in our programs; however, we are not committed to any one blockchain and instead will use whatever tools [are] available to us that fit each program. As this technology progresses and we see increased adoption rates, we’re optimistic about the new possibilities that may become available.”Moore expressed a preference for Bitcoin at this stage of the program, saying:“At this time, we believe that Bitcoin is the most logical cryptocurrency emphasis; however, in the future, we will utilize the tools that will best help us achieve our vision. Much like SALT Lending, we are blockchain agnostic, and our mission and focus is providing opportunity for the financially excluded; therefore, we welcome any future innovation that aids that mission.”Lenders are accredited investors in accordance with SEC federal regulations and have passed SALT’s Lending Suitability Test. The foundation hopes to expand its program to other countries and regions and is also exploring ways that it can more effectively help other foundations use, manage and obtain advantage from cryptocurrency holdings.“We are passionate about the global social impact we can provide in bringing financial inclusion to this region and look forward to showing the world the true value of this technology,” concluded Moore.
This article originally appeared on Bitcoin Magazine (https://bitcoinmagazine.com/).
This article originally appeared on Bitcoin Magazine (https://bitcoinmagazine.com/).
Digital Identity Company Netki Launches Investor Validation Solution
https://bitcoinmagazine.com/articles/digital-identity-company-netki-launches-investor-validation-solution/
https://bitcoinmagazine.com/articles/digital-identity-company-netki-launches-investor-validation-solution/
Digital identity company Netki (https://netki.com/) just made it easier for companies launching token sales to onboard their customers in a way that keeps them compliant with existing security laws.The Los Angeles-based company announced today, May 15, 2018, at Consensus 2018 in New York City that it is adding investor validation to its existing know-your-customer (KYC) and anti-money-laundering (AML) solution. The service allows investors to upload requisite documents via a web browser or mobile app. Compliance is a huge concern for ICO projects right now. Regulators are in the midst of trying to decide how to label virtual currencies, and it is looking as if they may rule that many existing tokens are non-compliant securities.Earlier this year (https://bitcoinmagazine.com/articles/sec-and-cftc-give-testimonies-senate-hearing-virtual-currencies/), for instance, Jay Clayton, chairman of the U.S. Securities and Exchange Commission (SEC), said that, in his view, ICOs are “like a stock offering.” And, last month, at an MIT Tech Review event, Gary Gensler, former chairman of the Commodity and Futures Trading Commission, went so far as to advise virtual currency projects that (https://events.technologyreview.com/video/watch/gary-gensler-mit-blockchain-ethics-governance/) “if you do an issuance now, in April of 2018, do it under the U.S. securities laws.” As an alternative to doing an initial private offering (IPO), which requires projects to register with the SEC, many virtual currency projects are opting to structure their ICOs under exemptions, like regulation D (https://www.sec.gov/fast-answers/answers-regdhtm.html) and others, that limit token sales to accredited investors who can bear the risk of buying an unregulated security. These investors have to meet certain financial and economic requirements as spelled out (https://www.sec.gov/fast-answers/answers-accredhtm.html) by the SEC. Netki’s existing structure allows an investor who wants to participate in a token sale to use their phone or computer to take a “selfie” along with photos of their driver’s license or passport to show they are who they say they are. Netki now goes a step further by also making it easy for an investor to upload documents that prove his or her income and asset holdings to show they are accredited. Without an automated solution like Netki’s, virtual currency projects would otherwise have to onboard customers manually or outsource the work to lawyers. “Doing it with their lawyers would be super expensive; doing it in-house would be slightly expensive and quite tedious and also prone to error,” Netki CEO and co-founder Justin Newton told Bitcoin Magazine. He explained that Netki also uses algorithms to make sure the IDs are authentic. “We have a computer vision machine learning system that looks at every pixel of the ID for evidence of tampering,” he said. Once the financial data is collected, Netki has a network of third-party lawyers and professionals who can validate the documents and provide letters of attestation. Netki says it never sees investors’ income data. “We just know that they met the standard and the only person that saw that was the professional who was doing that validation via confidentiality,” Newton said. Once the customer onboarding is completed, Netki wipes the ID and income data from its system. “We don’t want to become a central PII [personal identity information] repository,” Newton said. Netki was founded by Justin Newton and wife Dawn Newton in July 2014. The following year, the duo launched a product called Wallet Name Service, which allows people to send bitcoin to human readable addresses. That product is still alive and kicking, says Newton. Over the last few years, however, Netki’s development efforts have focused on identity solutions. A year ago, it launched its digital ID service (https://bitcoinmagazine.com/articles/netkis-digital-id-service-tackles-global-compliance-challenges/) for KYC and AML. “We saw
identity, and specifically identity as it relates to risk and compliance, as one of the key enabling technologies for blockchain,” Newton said. In moving toward that goal, Netki raised $3.6 million in seed funding in July 2016. Netki is not alone in focusing on identity solutions. Identity Mind (https://identitymindglobal.com/) and Onfido (https://onfido.com/) offer similar services, but neither of those companies offer investor validation tools thus far.
This article originally appeared on Bitcoin Magazine (https://bitcoinmagazine.com/).
This article originally appeared on Bitcoin Magazine (https://bitcoinmagazine.com/).