Wemark
The blockchain-based marketplace for digital content
📥Telegram: https://t.me/wemark
🌐Web: https://tge.wemark.com/
🎬Video: https://youtu.be/pWCFt_M28eE
⌚️TGE: May 7th, 2018
🔗Type: ERC20
💰Soft Cap: $1.5M
💰Hard Cap: $8M
Backed with equity investments by VC’s from Silicon Valley, New York and Israel
📃Project description:
Starting with photos, Wemark is a new kind of marketplace for digital content. Shutterstock and Getty images control the 4B$ stock photography industry and take up to 85% of what creators earn.
With Wemark, creators license their content directly to customers. They keep much more of their revenues and all the rights to their content. Customers get access to better photos at better prices.
Wemark already has a working alpha with thousands of photographers signed up and submitted +20,000 photos to the platform. See more at www.wemark.com
http://wemark.com/
https://t.me/wemark
The blockchain-based marketplace for digital content
📥Telegram: https://t.me/wemark
🌐Web: https://tge.wemark.com/
🎬Video: https://youtu.be/pWCFt_M28eE
⌚️TGE: May 7th, 2018
🔗Type: ERC20
💰Soft Cap: $1.5M
💰Hard Cap: $8M
Backed with equity investments by VC’s from Silicon Valley, New York and Israel
📃Project description:
Starting with photos, Wemark is a new kind of marketplace for digital content. Shutterstock and Getty images control the 4B$ stock photography industry and take up to 85% of what creators earn.
With Wemark, creators license their content directly to customers. They keep much more of their revenues and all the rights to their content. Customers get access to better photos at better prices.
Wemark already has a working alpha with thousands of photographers signed up and submitted +20,000 photos to the platform. See more at www.wemark.com
http://wemark.com/
https://t.me/wemark
Nasdaq discusses crypto-currency regulation behind closed doors
The Nasdaq exchange held an event this week to find solutions to the problems of the crypto-currency market. The American exchange Nasdaq held this week a closed event on crypto-currency trade with representatives of 50 companies, including crypto exchanges Gemini and other participants crypto world, reports Bloomberg.
The Nasdaq exchange held an event this week to find solutions to the problems of the crypto-currency market. The American exchange Nasdaq held this week a closed event on crypto-currency trade with representatives of 50 companies, including crypto exchanges Gemini and other participants crypto world, reports Bloomberg.
Google Play has banned applications for mining
Starting today, the Google Play Market prohibits the placement of applications directly or indirectly related to mining and mining of crypto-currencies. This is reported in the new edition of the rules of the store, published by the Internet giant. In addition to the ban on placing software for mining, restrictions are also imposed on software that allows you to earn crypto currency in exchange for performing any activities or tasks, for example, placing publications in social networks.
Starting today, the Google Play Market prohibits the placement of applications directly or indirectly related to mining and mining of crypto-currencies. This is reported in the new edition of the rules of the store, published by the Internet giant. In addition to the ban on placing software for mining, restrictions are also imposed on software that allows you to earn crypto currency in exchange for performing any activities or tasks, for example, placing publications in social networks.
The Bank of England is preparing to work with the blockchain companies
The Bank of England (The Bank of England, BoE) said that its updated payment system should be able to work with fintech companies that use blockchain technology in their work. The bank's goal is the modernization by 2020 of its payment system, which supports the British banking sector and trade operations in London. The regulator expects to strengthen protection from cyberattacks and expand the number of enterprises that will use this system. At the moment, the Real-Time Gross Settlement (RTGS) system processes transactions with a total value of about £ 500 billion, which is equivalent to almost a third of the annual volume of payments throughout the UK.
The Bank of England (The Bank of England, BoE) said that its updated payment system should be able to work with fintech companies that use blockchain technology in their work. The bank's goal is the modernization by 2020 of its payment system, which supports the British banking sector and trade operations in London. The regulator expects to strengthen protection from cyberattacks and expand the number of enterprises that will use this system. At the moment, the Real-Time Gross Settlement (RTGS) system processes transactions with a total value of about £ 500 billion, which is equivalent to almost a third of the annual volume of payments throughout the UK.
One can now take a loan for BNB (Binance) tokens
Tokens of Binance exchanger have become a full-fledged means of payment in the world of fiat money - one can take a loan for them and use BNB as collateral. The corresponding agreement was signed by Binance and the financial company Libra Credit, which is engaged in lending under cryptocurrency security.
This is the second such news about the integration of classical finance and the crypto-industry this week. Earlier it became known that the bank of Mike Novograts Galaxy Digital financed the BlockFi credit platform for $ 50 million for issuing loans secured by cryptocurrency.
Tokens of Binance exchanger have become a full-fledged means of payment in the world of fiat money - one can take a loan for them and use BNB as collateral. The corresponding agreement was signed by Binance and the financial company Libra Credit, which is engaged in lending under cryptocurrency security.
This is the second such news about the integration of classical finance and the crypto-industry this week. Earlier it became known that the bank of Mike Novograts Galaxy Digital financed the BlockFi credit platform for $ 50 million for issuing loans secured by cryptocurrency.
Wemark
The blockchain-based marketplace for digital content
📥Telegram: https://t.me/wemark
🌐Web: https://tge.wemark.com/
🎬Video: https://youtu.be/pWCFt_M28eE
⌚️TGE: May 7th, 2018
🔗Type: ERC20
💰Soft Cap: $1.5M
💰Hard Cap: $8M
Backed with equity investments by VC’s from Silicon Valley, New York and Israel
📃Project description:
Starting with photos, Wemark is a new kind of marketplace for digital content. Shutterstock and Getty images control the 4B$ stock photography industry and take up to 85% of what creators earn.
With Wemark, creators license their content directly to customers. They keep much more of their revenues and all the rights to their content. Customers get access to better photos at better prices.
Wemark already has a working alpha with thousands of photographers signed up and submitted +20,000 photos to the platform. See more at www.wemark.com
http://wemark.com/
https://t.me/wemark
The blockchain-based marketplace for digital content
📥Telegram: https://t.me/wemark
🌐Web: https://tge.wemark.com/
🎬Video: https://youtu.be/pWCFt_M28eE
⌚️TGE: May 7th, 2018
🔗Type: ERC20
💰Soft Cap: $1.5M
💰Hard Cap: $8M
Backed with equity investments by VC’s from Silicon Valley, New York and Israel
📃Project description:
Starting with photos, Wemark is a new kind of marketplace for digital content. Shutterstock and Getty images control the 4B$ stock photography industry and take up to 85% of what creators earn.
With Wemark, creators license their content directly to customers. They keep much more of their revenues and all the rights to their content. Customers get access to better photos at better prices.
Wemark already has a working alpha with thousands of photographers signed up and submitted +20,000 photos to the platform. See more at www.wemark.com
http://wemark.com/
https://t.me/wemark
Two streams of investors in the United States own bitcoins
Every fourth investor in the US is interested in bitcoins, but does not plan to buy, to show a recent Gallup poll. Wells Fargo and Gallup to compile the index Investors and pensioners Optimism of the second quarter of 2018 in the period from 7 to 14 May survey of 1921 investors with investments of more than $ 10,000 in various investment tools. The survey showed that 26% of respondents confirmed their interest in crypto-currencies, but do not plan their purchase in the short-term, and 72% - are not interested in buying bitcoins. Only 2% of the respondents were owners of crypto-currencies: 3% of men and 1% of women, 3% in the age group from 18-49, and 1% after 50. Only 1% of respondents planned to purchase crypto-currency for the near future.
Every fourth investor in the US is interested in bitcoins, but does not plan to buy, to show a recent Gallup poll. Wells Fargo and Gallup to compile the index Investors and pensioners Optimism of the second quarter of 2018 in the period from 7 to 14 May survey of 1921 investors with investments of more than $ 10,000 in various investment tools. The survey showed that 26% of respondents confirmed their interest in crypto-currencies, but do not plan their purchase in the short-term, and 72% - are not interested in buying bitcoins. Only 2% of the respondents were owners of crypto-currencies: 3% of men and 1% of women, 3% in the age group from 18-49, and 1% after 50. Only 1% of respondents planned to purchase crypto-currency for the near future.
CRYPTOCARZ IS THE WORLD'S FIRST BLOCKCHAIN-ENABLED VR RACING EXPERIENCE
CRYPTOCARZ IS A MULTIPLAYER, VIRTUAL REALITY (VR)-ENABLED RACING EXPERIENCE, DEVELOPED USING THE ETHEREUM BLOCKCHAIN.
To play, users will have to load the car assets into the game from an Ethereum wallet, where they are stored as an ERC721 token. The ERC721 token has paved the way for a new class of digital assets called non-fungible tokens (NFTs). These allow users to own, customise and maintain control in the
same way as in the physical world.
Blockchain Studios contends that this new asset class opens up new opportunities for user engagement and ownership. We believe that the first wave of innovation will come from gaming. CryptoCarz is the first platform to bring together blockchain, VR and gaming technologies. By giving gamers new options to visualise, own, adapt and race their own car, we think a new era in gaming has arrived.
WE BELIEVE GAMING IT WILL BE TRANSFORMED BY THE RISE – AND INTEGRATION – OF THREE TECHNOLOGIES: BLOCKCHAIN, E-SPORTS AND VR.
Each of them, independently, represents a paradigm shift for game development and consumption. Their attributes will make technology more individual, inclusive and immersive. The combination of these technologies will give rise to new scenarios, where gamers can own, modify, trade and play in an unprecedented way
THE CONCEPT
Cars, gaming and cryptocurrency are shared passions at Blockchain Studios, so combining them was a natural choice when we started working on CryptoCarz. We see strong synergies between the cryptocurrency community and gamers and we believe there is a market for a game that blends racing, cryptocurrency and blockchain technology. CryptoCarz is a multiplayer, fully immersive, VR-enabled racing experience, powered by the Ethereum blockchain. To race in the game, a user will have to demonstrate ownership of a car that is modelled and stored as an ERC721 Ethereum token in the gamer’s private wallet. The car will then be loaded into the game via integration with MetaMask and other proprietary tools
The game will initially offer 20 car models representative of the top cryptocurrencies. Each model will have a maximum of 650 units, hard-coded and numerically defined in the smart contract.No further cars in these models will be produced in the future.
Links:
Telegram Group: https://t.me/cryptocarz
Website: www.cryptocarz.io
Whitepaper: https://www.cryptocarz.io/docs/CryptoCarz_WP.pdf
One pager: https://www.cryptocarz.io/docs/CryptoCarz_1P.pdf
Twitter: https://twitter.com/cryptocarz
Medium blog: https://medium.com/@cryptocarz
CRYPTOCARZ IS A MULTIPLAYER, VIRTUAL REALITY (VR)-ENABLED RACING EXPERIENCE, DEVELOPED USING THE ETHEREUM BLOCKCHAIN.
To play, users will have to load the car assets into the game from an Ethereum wallet, where they are stored as an ERC721 token. The ERC721 token has paved the way for a new class of digital assets called non-fungible tokens (NFTs). These allow users to own, customise and maintain control in the
same way as in the physical world.
Blockchain Studios contends that this new asset class opens up new opportunities for user engagement and ownership. We believe that the first wave of innovation will come from gaming. CryptoCarz is the first platform to bring together blockchain, VR and gaming technologies. By giving gamers new options to visualise, own, adapt and race their own car, we think a new era in gaming has arrived.
WE BELIEVE GAMING IT WILL BE TRANSFORMED BY THE RISE – AND INTEGRATION – OF THREE TECHNOLOGIES: BLOCKCHAIN, E-SPORTS AND VR.
Each of them, independently, represents a paradigm shift for game development and consumption. Their attributes will make technology more individual, inclusive and immersive. The combination of these technologies will give rise to new scenarios, where gamers can own, modify, trade and play in an unprecedented way
THE CONCEPT
Cars, gaming and cryptocurrency are shared passions at Blockchain Studios, so combining them was a natural choice when we started working on CryptoCarz. We see strong synergies between the cryptocurrency community and gamers and we believe there is a market for a game that blends racing, cryptocurrency and blockchain technology. CryptoCarz is a multiplayer, fully immersive, VR-enabled racing experience, powered by the Ethereum blockchain. To race in the game, a user will have to demonstrate ownership of a car that is modelled and stored as an ERC721 Ethereum token in the gamer’s private wallet. The car will then be loaded into the game via integration with MetaMask and other proprietary tools
The game will initially offer 20 car models representative of the top cryptocurrencies. Each model will have a maximum of 650 units, hard-coded and numerically defined in the smart contract.No further cars in these models will be produced in the future.
Links:
Telegram Group: https://t.me/cryptocarz
Website: www.cryptocarz.io
Whitepaper: https://www.cryptocarz.io/docs/CryptoCarz_WP.pdf
One pager: https://www.cryptocarz.io/docs/CryptoCarz_1P.pdf
Twitter: https://twitter.com/cryptocarz
Medium blog: https://medium.com/@cryptocarz
Vitalik echoes Jeffrey Wernick and Brad Armstrong’s sentiment of about cryptos
Jeffery Wernick early investors to Bitcoin, in his interviews with Sara Silverstein of Business Week, also commented on same lines what Vitalik is trying to point out, that in the haste of making quick money in the markets most people today, have either neglected to recall or totally forgotten the philosophical purpose which underlined Bitcoin’s creation. He believes that people now in the business were not there in 2009 and 2010 and hence they didn’t care about the philosophy and hence the whole purpose of cryptocurrencies is slowly turning from its utility in businesses to more of an investing tool.
Brad Armstong had also commented on the same while he spoke to his staff last month. According to him, the volatility in prices cryptocurrencies was majorly due to speculators and people who understood technology and crypto businesses the least.
While Vitalik has tried to bring the attention of the investors to the basics of why one should invest in blockchains and not just drop your money because of the news feed, its still would be difficult to convince a lot of people who get carried by away by a lot of media bombardment and invest in for reason that may not be as effective for crypto prices in the long run.
Jeffery Wernick early investors to Bitcoin, in his interviews with Sara Silverstein of Business Week, also commented on same lines what Vitalik is trying to point out, that in the haste of making quick money in the markets most people today, have either neglected to recall or totally forgotten the philosophical purpose which underlined Bitcoin’s creation. He believes that people now in the business were not there in 2009 and 2010 and hence they didn’t care about the philosophy and hence the whole purpose of cryptocurrencies is slowly turning from its utility in businesses to more of an investing tool.
Brad Armstong had also commented on the same while he spoke to his staff last month. According to him, the volatility in prices cryptocurrencies was majorly due to speculators and people who understood technology and crypto businesses the least.
While Vitalik has tried to bring the attention of the investors to the basics of why one should invest in blockchains and not just drop your money because of the news feed, its still would be difficult to convince a lot of people who get carried by away by a lot of media bombardment and invest in for reason that may not be as effective for crypto prices in the long run.
VanEck investment management firm based in New York with approximately $47 billion in assets under management have written to the SEC in a letter dated 20 July 2018 regarding the approval of BTC ETFs
The Bitcoinist reported that VanEck have applied a fresh new approach to the SEC regarding ETF approval after failing in 2017.
VanEck submitted a staff letter to the SEC backing the potential Bitcoin ETF and covering potential worries the SEC had which stated " you raise a number of concerns for cryptocurrency and cryptocurrency related investment funds concerning valuation, liquidity, custody, arbitrage, potential manipulation, and
other risks"
VanEck discuss their points on one of the major issues being manipulation by stating that the concerns would be reduced with the introduction of a regulated, U.S exchange traded product such as the proposed ETF - "The Commission's increased enforcement and regulatory actions can reduce the number of bad actors in a basically sound market. A regulated fund is a natural extension of this."
VanEck's 13 page letter covers these issues with the company stating "we believe that our proposed ETF will operate consistent with the rules and requirements of the 1940 Act.
The Bitcoinist reported that VanEck have applied a fresh new approach to the SEC regarding ETF approval after failing in 2017.
VanEck submitted a staff letter to the SEC backing the potential Bitcoin ETF and covering potential worries the SEC had which stated " you raise a number of concerns for cryptocurrency and cryptocurrency related investment funds concerning valuation, liquidity, custody, arbitrage, potential manipulation, and
other risks"
VanEck discuss their points on one of the major issues being manipulation by stating that the concerns would be reduced with the introduction of a regulated, U.S exchange traded product such as the proposed ETF - "The Commission's increased enforcement and regulatory actions can reduce the number of bad actors in a basically sound market. A regulated fund is a natural extension of this."
VanEck's 13 page letter covers these issues with the company stating "we believe that our proposed ETF will operate consistent with the rules and requirements of the 1940 Act.
Wemark
The blockchain-based marketplace for digital content
📥Telegram: https://t.me/wemark
🌐Web: https://tge.wemark.com/
🎬Video: https://youtu.be/pWCFt_M28eE
⌚️TGE: May 7th, 2018
🔗Type: ERC20
💰Soft Cap: $1.5M
💰Hard Cap: $8M
Backed with equity investments by VC’s from Silicon Valley, New York and Israel
📃Project description:
Starting with photos, Wemark is a new kind of marketplace for digital content. Shutterstock and Getty images control the 4B$ stock photography industry and take up to 85% of what creators earn.
With Wemark, creators license their content directly to customers. They keep much more of their revenues and all the rights to their content. Customers get access to better photos at better prices.
Wemark already has a working alpha with thousands of photographers signed up and submitted +20,000 photos to the platform. See more at www.wemark.com
http://wemark.com/
https://t.me/wemark
The blockchain-based marketplace for digital content
📥Telegram: https://t.me/wemark
🌐Web: https://tge.wemark.com/
🎬Video: https://youtu.be/pWCFt_M28eE
⌚️TGE: May 7th, 2018
🔗Type: ERC20
💰Soft Cap: $1.5M
💰Hard Cap: $8M
Backed with equity investments by VC’s from Silicon Valley, New York and Israel
📃Project description:
Starting with photos, Wemark is a new kind of marketplace for digital content. Shutterstock and Getty images control the 4B$ stock photography industry and take up to 85% of what creators earn.
With Wemark, creators license their content directly to customers. They keep much more of their revenues and all the rights to their content. Customers get access to better photos at better prices.
Wemark already has a working alpha with thousands of photographers signed up and submitted +20,000 photos to the platform. See more at www.wemark.com
http://wemark.com/
https://t.me/wemark
Google has now joined Apple in banning cryptocurrency mining applications from its mobile app store.
According to a report from an industry media outlet Android Police on Thursday, the internet giant revealed its shift instance in a recent policy update for Google Play developers.
"We don't allow apps that mine cryptocurrency on devices. We permit apps that remotely manage the mining of cryptocurrency," the policy states.
The restriction comes at a time when Google and Apple are both beefing up efforts to curb activities related to cryptocurrency mining on their platforms.
In April, Google banned cryptocurrency mining browser extensions from its Chrome web store after the company discovered a "vast majority" failed to comply with its single purpose policy or were malicious.
And, just last month, Apple updated its mobile application policy for iOS developers to prohibit any application that can be used for mining cryptos on mobile devices.
According to a report from an industry media outlet Android Police on Thursday, the internet giant revealed its shift instance in a recent policy update for Google Play developers.
"We don't allow apps that mine cryptocurrency on devices. We permit apps that remotely manage the mining of cryptocurrency," the policy states.
The restriction comes at a time when Google and Apple are both beefing up efforts to curb activities related to cryptocurrency mining on their platforms.
In April, Google banned cryptocurrency mining browser extensions from its Chrome web store after the company discovered a "vast majority" failed to comply with its single purpose policy or were malicious.
And, just last month, Apple updated its mobile application policy for iOS developers to prohibit any application that can be used for mining cryptos on mobile devices.
The trade association led by former SEC Commissioner Paul Atkins issued its first guideline, which gives advice on how to manage utility tokens. The lack of regulatory clarity in the United States could undermine the economic potential of utility tokens issued under the Initial Coin Offerings (ICOs) crypto crowdfunding model, the Token Alliance said on Monday. The association of more than 120 members, including Accenture, Circle, BNP Paribas, Cisco, Golem, IBM, and CME Group, has released its first guideline and introduced the term ‘token sponsor’, which is a company that develops coins that are not under the scope of either the US Securities and Exchange Commission (SEC) or the Commodity Futures Trading Commission (CFTC).
The Alliance, led by former SEC Commissioner Paul Atkins, acknowledged that some tokens could be considered securities if they offer “an expected rate of return or potential of growth”. However, the advisory group said that several ‘utility tokens’, which were not securities, had been deemed in this category by SEC.
The Howey test came from the landmark 1946 US Supreme Court decision that gave the SEC guidelines on how to determine if particular assets are securities or not. Under the US federal Securities Act, all investment contracts are securities.
The Token Alliance created the term ‘token sponsor’ with several guidelines, which give ICO issuers advice on how to avoid coming under the scope of SEC and CFTC. The proposed measures include the timing of distribution of a digital coin, the advice to not sell tokens on credit, developing of a complete and accurate white paper that must be reviewed by legal counsel, or designing the tokens in a way so that holders do not expect profits from the token’s project.
The Alliance, led by former SEC Commissioner Paul Atkins, acknowledged that some tokens could be considered securities if they offer “an expected rate of return or potential of growth”. However, the advisory group said that several ‘utility tokens’, which were not securities, had been deemed in this category by SEC.
The Howey test came from the landmark 1946 US Supreme Court decision that gave the SEC guidelines on how to determine if particular assets are securities or not. Under the US federal Securities Act, all investment contracts are securities.
The Token Alliance created the term ‘token sponsor’ with several guidelines, which give ICO issuers advice on how to avoid coming under the scope of SEC and CFTC. The proposed measures include the timing of distribution of a digital coin, the advice to not sell tokens on credit, developing of a complete and accurate white paper that must be reviewed by legal counsel, or designing the tokens in a way so that holders do not expect profits from the token’s project.
Codex Protocol is a decentralized title registry for the $2 Trillion Art & Collectibles asset class. Supported by a large industry consortium, The Codex stores ownership and provenance information while ensuring privacy for collectors.
At launch, several initial DApps will allow collectors to more easily find what they want, buy at auctions, and ensure authenticity, all with cryptocurrency. The Codex is the first step to achieving a larger and more accessible art and collectibles market.
Check out our recent testnet launch! https://beta.codex-viewer.com/#/
Details about the testnet can be found here: https://medium.com/codexprotocol/codex-development-update-codex-viewer-launch-117fd01f4a38
——————————
LINKS
Website: http://www.codexprotocol.com
Whitepaper: https://goo.gl/Fjcu7d
Bitcointalk: https://bitcointalk.org/index.php?topic=4494244.0
Twitter: https://twitter.com/codexprotocol
Facebook: https://www.facebook.com/codexprotocol/
Medium: https://medium.com/codexprotocol
Reddit: https://www.reddit.com/r/CodexProtocol/
YouTube: https://bit.ly/2K4NYo7
At launch, several initial DApps will allow collectors to more easily find what they want, buy at auctions, and ensure authenticity, all with cryptocurrency. The Codex is the first step to achieving a larger and more accessible art and collectibles market.
Check out our recent testnet launch! https://beta.codex-viewer.com/#/
Details about the testnet can be found here: https://medium.com/codexprotocol/codex-development-update-codex-viewer-launch-117fd01f4a38
——————————
LINKS
Website: http://www.codexprotocol.com
Whitepaper: https://goo.gl/Fjcu7d
Bitcointalk: https://bitcointalk.org/index.php?topic=4494244.0
Twitter: https://twitter.com/codexprotocol
Facebook: https://www.facebook.com/codexprotocol/
Medium: https://medium.com/codexprotocol
Reddit: https://www.reddit.com/r/CodexProtocol/
YouTube: https://bit.ly/2K4NYo7
Medium
Codex development update & Codex Viewer launch
I’m happy to share with everyone our first development update.
Cryptocurrency bank Galaxy Digital lost $134 million in Q1. Now it’s going public.
Telling prospective investors that your cryptocurrency merchant bank lost more than $130 million during a single quarter is not the optimal way to market your firm on the eve of its public listing, yet that’s the situation in which Mike Novogratz now finds himself. According to Bloomberg, Novogratz’s firm — Galaxy Digital LP — will on Aug. 1 finally be listed for trading on the Toronto-based TSX Venture Exchange (TSX-V), which lists companies that are too small to be traded on the main Toronto Stock Exchange.
As part of that process, which due to the complexities of reverse takeover listings, as well as regulatory red tape, dragged on much longer than Novogratz would have liked, Galaxy Digital was obligated to release its audited first quarter financial results. Those results, as CCN reported, were less than stellar. The firm lost $134 million for the quarter, largely due to the massive decline of the underlying cryptocurrency market.Novogratz, a billionaire investor and former hedge fund manager, struck an optimistic tone about the firm’s prospects moving forward — he said he hopes to be profitable within a calendar year — but has also recently said that he now wishes that he had stayed private a bit longer.
“If I knew what I know now, knew the crypto markets were going to swoon as much, and it was going to take so long, I might have stayed private for another year or so and then gone public,” Novogratz said in a TV interview with BNN Bloomberg in Toronto. “But I don’t think it’s a mistake.”
It’s not clear where Galaxy Digital shares will trade once the markets open on Wednesday. Current investors purchased shares at C$5 apiece during a private placement, which was held in January near the height of the cryptocurrency hype cycle. It’s unlikely that they remain this valuable, though the current dearth of publicly-listed cryptocurrency and blockchain firms could make Galaxy Digital a favorite among investors seeking to gain exposure to this nascent industry.
Telling prospective investors that your cryptocurrency merchant bank lost more than $130 million during a single quarter is not the optimal way to market your firm on the eve of its public listing, yet that’s the situation in which Mike Novogratz now finds himself. According to Bloomberg, Novogratz’s firm — Galaxy Digital LP — will on Aug. 1 finally be listed for trading on the Toronto-based TSX Venture Exchange (TSX-V), which lists companies that are too small to be traded on the main Toronto Stock Exchange.
As part of that process, which due to the complexities of reverse takeover listings, as well as regulatory red tape, dragged on much longer than Novogratz would have liked, Galaxy Digital was obligated to release its audited first quarter financial results. Those results, as CCN reported, were less than stellar. The firm lost $134 million for the quarter, largely due to the massive decline of the underlying cryptocurrency market.Novogratz, a billionaire investor and former hedge fund manager, struck an optimistic tone about the firm’s prospects moving forward — he said he hopes to be profitable within a calendar year — but has also recently said that he now wishes that he had stayed private a bit longer.
“If I knew what I know now, knew the crypto markets were going to swoon as much, and it was going to take so long, I might have stayed private for another year or so and then gone public,” Novogratz said in a TV interview with BNN Bloomberg in Toronto. “But I don’t think it’s a mistake.”
It’s not clear where Galaxy Digital shares will trade once the markets open on Wednesday. Current investors purchased shares at C$5 apiece during a private placement, which was held in January near the height of the cryptocurrency hype cycle. It’s unlikely that they remain this valuable, though the current dearth of publicly-listed cryptocurrency and blockchain firms could make Galaxy Digital a favorite among investors seeking to gain exposure to this nascent industry.
An Australian blockchain experiment: tracking global almond shipments
Following a successful 2016 trial of blockchain technology in an interbank open account transaction, the Commonwealth Bank of Australia (CBA) has partnered with five international and Australian companies to ship 17 tonnes of almonds from Melbourne, Australia, to Hamburg, Germany, using a new distributed ledger platform built on the Ethereum blockchain.
Originating in Sunraysia, the shipment made its way to Western Europe in a pioneering experiment that combined a private blockchain, smart contracts and a geotracking Internet of Things (IoT) framework to facilitate end-to-end movement of the almonds. Using the joint solution, the entire process was seamlessly tracked and verified remotely from the point of origin to delivery in real time.
Taking part in the procedure alongside the CBA were Pacific National, Olam Richards Australia Pty Ltd, OOCL Limited, Patrick Terminals and LX Group. The primary purpose of the experiment was to establish a reliable framework for digitization of the three pillars of international commerce, namely documentation, operations/logistics and finance. This was done using a custom blockchain which hosted all information regarding container location, task completion status and shipping documents.
Using the information provided by four IoT devices inside the container, transaction partners could track cargo location in real time and view real-time cargo data, such as temperature and humidity. The information was accessed through the blockchain platform, making it impervious to manipulation.
CBA Managing Director of Industrials and Logistics in Client Coverage Chris Scougall said:
“Our blockchain-enabled global trade platform experiment brought to life the idea of a modern global supply chain that is agile, efficient and transparent. We believe that blockchain can help our partners reduce the burden of administration on their businesses and enable them to deliver best-in-class services to their customers.”
In 2016, the CBA and Wells Fargo conducted the world’s first interbank open account transaction combining the application of blockchain technology, smart contracts and IoT connectivity. The transaction, which took place in partnership with Brighann Cotton involved a cotton shipment from Texas, USA, to Qingdao, China, using a private blockchain and smart contracts enabled with IoT geolocation technology.
Implementing this framework on a larger scale in the future means that international transactions can be carried out with a high level of transparency, with all parties constantly aware of the location, authentication and condition of goods in transit.
In addition to the tracking of goods and added efficiency, the blockchain-enabled supply chain also enables transaction parties to upload and access key documents required by port authorities such as the bill of lading and certificates of origin.
The CBA’s experimental blockchain platform is being built on the Ethereum protocol because of its popularity and customizable functionality. When fully set up, it will take the form of a private blockchain made up of a closed network of trusted entities.
Following a successful 2016 trial of blockchain technology in an interbank open account transaction, the Commonwealth Bank of Australia (CBA) has partnered with five international and Australian companies to ship 17 tonnes of almonds from Melbourne, Australia, to Hamburg, Germany, using a new distributed ledger platform built on the Ethereum blockchain.
Originating in Sunraysia, the shipment made its way to Western Europe in a pioneering experiment that combined a private blockchain, smart contracts and a geotracking Internet of Things (IoT) framework to facilitate end-to-end movement of the almonds. Using the joint solution, the entire process was seamlessly tracked and verified remotely from the point of origin to delivery in real time.
Taking part in the procedure alongside the CBA were Pacific National, Olam Richards Australia Pty Ltd, OOCL Limited, Patrick Terminals and LX Group. The primary purpose of the experiment was to establish a reliable framework for digitization of the three pillars of international commerce, namely documentation, operations/logistics and finance. This was done using a custom blockchain which hosted all information regarding container location, task completion status and shipping documents.
Using the information provided by four IoT devices inside the container, transaction partners could track cargo location in real time and view real-time cargo data, such as temperature and humidity. The information was accessed through the blockchain platform, making it impervious to manipulation.
CBA Managing Director of Industrials and Logistics in Client Coverage Chris Scougall said:
“Our blockchain-enabled global trade platform experiment brought to life the idea of a modern global supply chain that is agile, efficient and transparent. We believe that blockchain can help our partners reduce the burden of administration on their businesses and enable them to deliver best-in-class services to their customers.”
In 2016, the CBA and Wells Fargo conducted the world’s first interbank open account transaction combining the application of blockchain technology, smart contracts and IoT connectivity. The transaction, which took place in partnership with Brighann Cotton involved a cotton shipment from Texas, USA, to Qingdao, China, using a private blockchain and smart contracts enabled with IoT geolocation technology.
Implementing this framework on a larger scale in the future means that international transactions can be carried out with a high level of transparency, with all parties constantly aware of the location, authentication and condition of goods in transit.
In addition to the tracking of goods and added efficiency, the blockchain-enabled supply chain also enables transaction parties to upload and access key documents required by port authorities such as the bill of lading and certificates of origin.
The CBA’s experimental blockchain platform is being built on the Ethereum protocol because of its popularity and customizable functionality. When fully set up, it will take the form of a private blockchain made up of a closed network of trusted entities.
A Dubai-based international court dealing with civil and commercial disputes in the financial industry is planning to launch what it calls a "Court of the Blockchain" to streamline legal operations.
The Dubai International Financial Center (DIFC) Courts announced on Monday that it is teaming up with the government-backed Smart Dubai initiative to form a task force that will focus on developing the blockchain-based legal platform.
The DIFC said the goal is to employ a network based on blockchain and smart contracts to allow different courts to share information in a decentralized manner. With the system, it said, the need to carry out manual tasks such as document duplication will be eliminated, bringing a higher level of efficiency to the current system.
As an initial step, the two partners said the task force will focus on an R&D effort to put court judgement data on a blockchain so institutions can verify and share information in real-time for better cross-border law enforcement.
"Future research will combine expertise and resources to investigate handling disputes arising out of private and public blockchains, with regulation and contractual terms encoded within the smart contract," according to the release.
The Dubai International Financial Center (DIFC) Courts announced on Monday that it is teaming up with the government-backed Smart Dubai initiative to form a task force that will focus on developing the blockchain-based legal platform.
The DIFC said the goal is to employ a network based on blockchain and smart contracts to allow different courts to share information in a decentralized manner. With the system, it said, the need to carry out manual tasks such as document duplication will be eliminated, bringing a higher level of efficiency to the current system.
As an initial step, the two partners said the task force will focus on an R&D effort to put court judgement data on a blockchain so institutions can verify and share information in real-time for better cross-border law enforcement.
"Future research will combine expertise and resources to investigate handling disputes arising out of private and public blockchains, with regulation and contractual terms encoded within the smart contract," according to the release.
Google has now joined Apple in banning cryptocurrency mining applications from its mobile app store.
According to a report from an industry media outlet Android Police on Thursday, the internet giant revealed its shift instance in a recent policy update for Google Play developers.
"We don't allow apps that mine cryptocurrency on devices. We permit apps that remotely manage the mining of cryptocurrency," the policy states.
The restriction comes at a time when Google and Apple are both beefing up efforts to curb activities related to cryptocurrency mining on their platforms.
In April, Google banned cryptocurrency mining browser extensions from its Chrome web store after the company discovered a "vast majority" failed to comply with its single purpose policy or were malicious.
And, just last month, Apple updated its mobile application policy for iOS developers to prohibit any application that can be used for mining cryptos on mobile devices.
According to a report from an industry media outlet Android Police on Thursday, the internet giant revealed its shift instance in a recent policy update for Google Play developers.
"We don't allow apps that mine cryptocurrency on devices. We permit apps that remotely manage the mining of cryptocurrency," the policy states.
The restriction comes at a time when Google and Apple are both beefing up efforts to curb activities related to cryptocurrency mining on their platforms.
In April, Google banned cryptocurrency mining browser extensions from its Chrome web store after the company discovered a "vast majority" failed to comply with its single purpose policy or were malicious.
And, just last month, Apple updated its mobile application policy for iOS developers to prohibit any application that can be used for mining cryptos on mobile devices.
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It is time to get involved and get the control back of the human knowledge.
Orvium is more than another startup — you are about to participate in a project driven by top engineers and scientists with many years of experience driving innovation at CERN, the birthplace of the Web, and NASA.
Orvium aims to disrupt one of the most lucrative industry world-wide, with profit margins reported to exceed those of companies such as Google, Amazon, and Apple, while making science more transparent, universal and open than ever. Orvium creates a unique decentralized platform powered by blockchain, decentralized storage, big data and artificial intelligence to create an unprecedented decentralized solution to process, validate, disseminate and preserve scientific knowledge forever.
We want you to be part of our future: Our TGE offers you the unique opportunity to buy ORVIUM tokens and join an excellent team. With your participation, we are going to scale science and become the leading publication platform while returning the benefits of science to society. The Web was originally designed to meet the demand for transparent and automatic information sharing between scientists around the world, lets do it now and for all.
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Binance completed the July poll and added Polymath (POLY) to the listing. As in the previous times, POLY was added to the exchange for free (awarded a fee-free listing placement to Binance).
POLY are digital tokens for a platform that wants to create a single platform for trading securities that are transferred to a block. . The Polymath project allows you to create security-tokens. They can represent a stake in a company or in a piece of real estate.
POLY are digital tokens for a platform that wants to create a single platform for trading securities that are transferred to a block. . The Polymath project allows you to create security-tokens. They can represent a stake in a company or in a piece of real estate.
Stellar is officially considered as “Sharia Compliant”
The Bahrain Central Bank has officially announced that the Stellar project is in line with national law. By getting approval, Stellar.org has the green light to get the Sharia certificate. This means that the decentralized company can carry out its crypto operations in the Islamic country according to the legislation in force without being restricted.
This is an important step for both Stellar.org and the Islamic country, as most crypto-related projects have encountered problems entering the Islamic markets. Once the Bahrain authorities have agreed with the proposal, it indicates that cryptocurrency and blockchain technology present interest to the Bahrain community.
As reported by the News of Bahrain, here’s what a spokesperson from Stellar claimed:
“We advance our mission of financial access and inclusion by obtaining a Sharia compliance certification for the Stellar technology and network. The Shariyah Review Bureau (SRB), a leading international Sharia advisory agency licensed by the Central Bank of Bahrain, has reviewed the properties and applications of Stellar and has promulgated guidance and guidelines that enable Sharia compliant applications of Stellar technology in Islamic financial institutions.”
Furthermore:
“Stellar is the first distributed ledger protocol to receive Sharia compliance certification in the money transfer and asset tokenisation space. Additionally, the Sharia compliance certification extends to applications and usages of lumens (XLM).”
This is thrilling for Stellar, as it will start informing the citizens in Bahrain that cryptocurrencies are a globally accepted payment means, and thus, support those who want to interact with the crypto world to start with XLM or Stellar Lumens.
Moreover, the decision of the CBB will be a model for other Islamic countries. This is a new success achieved by the Stellar.org project. By signing new collaboration, the decentralized company is paving its way into a bright future more and more.
The Bahrain Central Bank has officially announced that the Stellar project is in line with national law. By getting approval, Stellar.org has the green light to get the Sharia certificate. This means that the decentralized company can carry out its crypto operations in the Islamic country according to the legislation in force without being restricted.
This is an important step for both Stellar.org and the Islamic country, as most crypto-related projects have encountered problems entering the Islamic markets. Once the Bahrain authorities have agreed with the proposal, it indicates that cryptocurrency and blockchain technology present interest to the Bahrain community.
As reported by the News of Bahrain, here’s what a spokesperson from Stellar claimed:
“We advance our mission of financial access and inclusion by obtaining a Sharia compliance certification for the Stellar technology and network. The Shariyah Review Bureau (SRB), a leading international Sharia advisory agency licensed by the Central Bank of Bahrain, has reviewed the properties and applications of Stellar and has promulgated guidance and guidelines that enable Sharia compliant applications of Stellar technology in Islamic financial institutions.”
Furthermore:
“Stellar is the first distributed ledger protocol to receive Sharia compliance certification in the money transfer and asset tokenisation space. Additionally, the Sharia compliance certification extends to applications and usages of lumens (XLM).”
This is thrilling for Stellar, as it will start informing the citizens in Bahrain that cryptocurrencies are a globally accepted payment means, and thus, support those who want to interact with the crypto world to start with XLM or Stellar Lumens.
Moreover, the decision of the CBB will be a model for other Islamic countries. This is a new success achieved by the Stellar.org project. By signing new collaboration, the decentralized company is paving its way into a bright future more and more.
