Loading...

Follow coinweez on Feedspot

Continue with Google
Continue with Facebook
or

Valid

After just 5 days of being listed on HitBTC.com, Verasity (VRA) zooms to number 1 Price % increase among the 400 other alt tokens listed on HitBTC. The 300% increase appears to be due to demand for the VRA token used by publishers to promote rewarded video. Demand also appears due to VRA staking. The VRA token can be staked for 36% annual interest at https://verawallet.io

VRA Price index

HitBTC Trading contest for VRA

The prize pool of the trading competition is now 30 million VRA tokens, which is a huge increase from the initial 3M prize pool.

Sign up to the HitBTC trading competition page to enter the competition and start trading.

VRA trading

Product Releases

The Verasity Player is now integrated with JW Player, Brightcove and VideoJS. Vimeo and Kaltura are to be integrated in April. This means the Verasity module works in most of the standard Online Video Players in the world. The Verasity Player provides publisher in-video loyalty schemes utilizing VRA as a reward. For publishers and advertisers this means 4x the fill rates and Click through Rates which equates to 4x higher revenues and engagement. 

About Verasity

Verasity.io is a leading video player providing unique Rewarded Video Player Technology to major video publishers across the globe.

The patent-pending Video Player enables VRA rewards, monetization and loyalty schemes within the video player wallet. Our unique player technology is already available to 280,000 video publishers with 240 million users and 50 billion monthly views. This brings engagement, audiences, and revenues back to video publisher sites from YouTube. Our attention-based model creates a thriving VRA token economy between viewers, video publishers and advertisers.

Verasity is the future of online video.

VRA is trading on HitBTC.com and the token can be staked for 36% annual interest at https://verawallet.io. Check the price of VRA token at https://coincodex.com/crypto/verasity/.  Join our telegram chat at https://t.me/verasitychat.

Verasity Products include: Genesis Player: genesisplayer.com, VeraWallet: verawallet.io

HitBTC

HitBTC is a top 10 exchange on CoinMarketCap with daily volume of $440M. HitBTC has been active since 2013 and has earned its reputation for fault-tolerance, flawless uptime and high availability.

The post Verasity rises to the top of alt tokens a week after listing on HitBTC appeared first on coinweez.

Read Full Article
  • Show original
  • .
  • Share
  • .
  • Favorite
  • .
  • Email
  • .
  • Add Tags 

Sofia, Bulgaria – 13 March 2019 – æternity Ventures, the investment arm of decentralized smart contracts platform æternity, has today announced their startup selection for the next round of æternity Starfleet Accelerator. Following the significant success of the first accelerator program in June 2018, where over $1m was invested in 9 blockchain teams, this year the Starfleet Accelerator Program has invited 14 innovative teams from all over the world to join them during Genesis Week.
Commencing March 11, 2019, Genesis Week taking place in Sofia, Bulgaria will see the 14 teams undergo mentoring in areas such as business models, token economics, æternity apps architecture, blockchain infrastructure and tooling, pitching to investors, and media relations from recognized experts.
Particularly encouraging, is that applications from blockchain startups from Africa have doubled since the first programme, a testament to the hard work of the æternity hub Africa raising awareness via hackathons, meetups and collaborations. This time the African continent will be represented by team CapAgri from Kenya, who are aiming to provide advances to small holder farmers based on future payments on agricultural produce – a mobile solution targeting African agricultural markets.
Starfleet have welcomed their first successful applicant from South America – Instatrust, the Venezuelan startup who plans to launch a multi purpose P2P exchange. It protects parties involved in a trade from fraud through a smart contract.
Germany is establishing itself as a hub of blockchain innovation with four finalists stemming from the European country – these include HeyTax, who aims to ease taxes on cryptocurrencies by creating a solid legal framework for all cryptocurrencies; Abend – an open community governed ticketing platform. They provide platform for organizers around the world to start a ticket sale with different kind of tokens. Blockchain Fashion Project – a community of fashion designers, professionals and customers curating a tokenized product selection to validate, improve and sell products. Last but not least, Inupesa – a hosted wallet service for people without internet access in developing countries.
The Balkans have also been represented with innovative blockchain ideas from Croatia – Cryptotask, as decentralized task-oriented platform for the freelancing market, Cyprus based Excal Technologies who has designed a blockchain eCommerce platform that unites small retailers with the unemployed youth and Serbian based Crypto Legends, a blockchain based card game where you can own your own heroes independently from developers.
Other projects invited to Starfleet include Nyctale, a French-based startup with data science tools to monitor distributed ledger technologies, analyzing crypto-assets and token usage; Aenomaly a UK startup aiming to improve the quality of search results for the education sector and for general internet users; Say from Iran that enables donors to improve the lives of children across the world with micro-donations from their phones. Blintech from Spain who has developed a game aiming to teach the language of æternity and finally, 214 Alpha from USA who has built an all-inclusive identity/commerce/governance framework for customers to keep their money and affairs in order  utilizing a multi-functional, pre-integrated mobile app.

The teams who successfully complete Genesis Week will then be invited to proceed to the Acceleration Stage — a four-week program of mentorships and further rigorous training. The culmination of the program takes place on April 11, 2019 at “Starfleet Demo Day”, where the teams will have the opportunity to present their projects to an audience of investors, thought leaders, media, and the global community of æternity and secure funding of up to $100,000 in AE tokens.

Nikola Stojanow, æternity’s CBDO and æternity Ventures’ CEO, said: “The Starfleet Accelerator Program demonstrates that, contrary to some of the bearish headlines about investments in the blockchain space, funding is available for the most promising and hard working startup projects. We have received applications from around the world and have 14 startups from USA, Europe, Africa and South America competing for funding that will help us collectively establish aeternity as the leading global smart contract platform where blockchain startups flourish.”
-ends-
For more information, please contact
Cryptoland PR for æternity
Frances Wells
US: 866–586–5603
UK: +44 020 3908 5686
About æternity: æternity is a public, open-source, blockchain platform offering means for a decentralized future realized by a global community. Blockchain inherently has the disruptive potential to support distributed wealth and transparency in power structures. æternity’s founder, Yanislav Mahalov, has roots as the “Godfather of Ethereum” – but wanted to improve the core idea and technology proposed by that project to become the blockchain which decentralized applications are built upon. æternity aims to solve problems of scalability, security, be more economical, and user-friendly when it comes to accessing the smart contracts on the network. They see a route to achieve this by moving the contracts off-chain. æternity’s 3 main features are State Channels, Consensus Mechanism, and Decentralized Oracles. For more information, please visit: www.æternity.com

The post æternity Ventures’s 2nd Starfleet Accelerator Program Reveals Shortlist of Most-promising Blockchain Startups appeared first on coinweez.

Read Full Article
  • Show original
  • .
  • Share
  • .
  • Favorite
  • .
  • Email
  • .
  • Add Tags 

Initial coin offering (ICO) has been the main method of raising funds from investors for crypto projects. Since the first ICO by Mastercoin in 2013, ICOs have continued to grow reaching a peak in mid to late 2017. The rapid growth of ICOs led to discussions around them disrupting traditional way of fundraising for startups through venture capital. Today, ICOs have declined but are still  taking place albeit in more structured way and using different platforms.

A new trend called Initial Exchange offering has been growing. Unlike an ICO, IEO rely on a crypto exchange to become the platform where investors can buy the tokens. In an ICO, investors invest by sending money (mostly ETH or bitcoin) to a smart contract. Thereafter, the developers send the investor the tokens created. More than a thousand projects have been funded through this method, the bulk of which took place in 2017.

With Initial Exchange Offering, the steps are a bit different:

  • Developers make tokens and then send them to an exchange and the exchange reviews the token
  • Conditions are set such as token price, max contributions, accepted currencies etc.
  • The Exchange lists the token on their platform
  • Individual contributors participate by registering an account with the exchange and sending ETH or bitcoin to this account.

Due to the current bear market, many projects have experienced a challenge in trying to get investors. Furthermore, there is some skepticism about which projects are viable and which ones are not. However, with an IEO, then investors can have a higher degree of confidence about the projects.

Other main advantages of IEO over ICO are:

  • Exchanges guard their reputation and therefore undertake background checks on tokens they list (especially large exchanges). This fiduciary relationship with token buyers prompts a higher level of trust from individual investors who are likely to rate tokens on the exchange higher than others. An exchange listing a token for sale is putting its reputation on the line and if it promotes a sham project, it losses credibility
  • Investors know they can only purchase the token from specific exchange and therefore reduces incidences of scams
  • For token developers, using IEO offers an advantage of leveraging on an already existing exchange customer base.
  • Project founders may pay for the listing and therefore exchange is incentivized to market the token and see it successful.
  • When the IEO is over, part of the agreement is that the exchange will list the token for trading. This cuts the listing challenges experienced by projects after they’ve raised the money

Binance leads

Binance Launchpad has been one of the most visible in this area. It announced that in 2019, it would be launching one project every month on their platform. On the Binance Launchpad, successful projects are listed on the platform and enjoy the massive publicity of Binance which is largest exchange in the market. The first project was successful and it was BitTorrent token which was sold out in less than 15 minutes on January 28 2019. It took place through two simultaneous sessions; one for purchasing through Binance coin and the other for purchasing using TRON (the company behind BitTorrent).  On February, the second token sale was from Fetch.AI and also sold successful.

Bittrex exchange is also expected to undertake its first Initial Exchange Offering with the project RAID XRD token on March 15 2019.  This would be the first for Bittrex and even received support from Binance CEO.

Bittrex Twitter Announcement gets support from Binance CEO

In conclusion, IEOs are increasingly being seen as a natural next stage of growth in the crypto fundraising market. The prolific rise in ICOs in 2017 saw investors lose money in some ICO projects that had little background checks and it would be rational for investors to be more skeptical when investing in projects. However, IEO and other similar type of partnerships seem to be a viable route for new projects.  For viable projects this is a win-win. Exchanges get to list the hottest and most viable projects while projects get funding in a direct and less complicated way. However, it is important to note that IEOs also involve platform listing fees. The fee varies greatly and will depend on the exchange. Furthermore, token issuers/founders bear the extra marketing cost which also varies depending on the founders, type of project and funds available.

The post Initial Exchange offering (IEO): what is it and how is it different from ICO appeared first on coinweez.

Read Full Article
  • Show original
  • .
  • Share
  • .
  • Favorite
  • .
  • Email
  • .
  • Add Tags 

On 23rd February 2019, Swapchain project grand launching ceremony took place in Kuala Lumpur, Malaysia

Swap is the company’s first idea for development in Dubai. The team collectively came up with many advanced technologies. It has great knowledge and experience in blockchain field.

Swap tech is a project development company in Hongkong – Financial center of Asia and the world, attracting world of finance, with the potential to bring big revenue.

The mission of creating a revolution:

In global payment solutions: Create a platform for application to solve payment problems in life, especially in mini-payment through blockchain technology and meet the development of non-cash payment needs in the world.

Strategy: With our experienced technology team in Dubai developing BFT technology aimed at solving 3 technological problems: transaction fees, transaction confirmation speed & security. 

At the ceremony, various investors from Southeast Asia like Singapore, Thailand, Philippines, Vietnam, Indonesia and some Asian nations like Japan, Korea…

This event has generated a big echo for society among nations. Investors have been considering and preferring Swapchain as an amazing project in 2019. Quite a number of investors have experienced that after several flunked projects in 2019, they considered Swapchain as an assuring and potential project, causing a new change in the 2019 economic trend.

Here is a comment from an investor originating from Thailand: “I scheduled a flight ticket from Bangkok to KL for the purpose of attending this event, I was amazed by the atmosphere here after speaking and debating with several other investors from different nations, I chose to invest $50,000 in the plan. I am absolutely convinced about the progress of Swapchain in 2019”

Another comment from leaders in Indonesia was as follows: “In Indonesia, the growth of the system is quite challenging, however, for Swapchain project, I do not see any difficult, I will fly to the nearby islands of Jakarta for the purpose of sharing with investors regarding the potential and advancement in the following 3 months of this project. Following the event, I will convey two seminars in Indonesia to propose to residential investors to participate in Swapchain project. Actually, with the appearance of at least 100 global leaders during the event, I hope Swapchain will be the financial trend in 2019”

As you can see, Swapchain has generated a fresh financial wave in Southeast Asia and shortly to turn out as all Asia and over the globe thing. With a fabulous deal of backing from multiple investors, Swapchain will soon gain a new place in the market.

For more information, visit our website: https://swapchain.life/

The post Swapchain records increased investment after a grand launch event in Kuala Lumpur, Malaysia appeared first on coinweez.

Read Full Article
  • Show original
  • .
  • Share
  • .
  • Favorite
  • .
  • Email
  • .
  • Add Tags 

On 23rd February 2019, Swapchain project grand launching ceremony took place in Kuala Lumpur, Malaysia

At the ceremony, various investors from Southeast Asia like Singapore, Thailand, Philippines, Vietnam, Indonesia and some Asian nations like Japan, Korea…

This event has generated a big echo for society among nations. Investors have been considering and preferring Swapchain as an amazing project in 2019. Quite a number of investors have experienced that after several flunked projects in 2019, they considered Swapchain as an assuring and potential project, causing a new change in the 2019 economic trend.

Here is a comment from an investor originating from Thailand: “I scheduled a flight ticket from Bangkok to KL for the purpose of attending this event, I was amazed by the atmosphere here after speaking and debating with several other investors from different nations, I chose to invest $50,000 in the plan. I am absolutely convinced about the progress of Swapchain in 2019”

Another comment from leaders in Indonesia was as follows: “In Indonesia, the growth of the system is quite challenging, however, for Swapchain project, I do not see any difficult, I will fly to the nearby islands of Jakarta for the purpose of sharing with investors regarding the potential and advancement in the following 3 months of this project. Following the event, I will convey two seminars in Indonesia to propose to residential investors to participate in Swapchain project. Actually, with the appearance of at least 100 global leaders during the event, I hope Swapchain will be the financial trend in 2019”

As you can see, Swapchain has generated a fresh financial wave in Southeast Asia and shortly to turn out as all Asia and over the globe thing. With a fabulous deal of backing from multiple investors, Swapchain will soon gain a new place in the market.

For more information, visit our website: https://swapchain.life

The post Swapchain – Grand Launching event in Kuala Lumpur, Malaysia appeared first on coinweez.

Read Full Article
  • Show original
  • .
  • Share
  • .
  • Favorite
  • .
  • Email
  • .
  • Add Tags 

Cryptocurrency based browsers and smartphones are important pillars in growing the adoption.

Customer experience is one of the key factors that enable ease of use of technology products. The ability of customers to easily use a product, regardless of the complexity of the underlying technology is the holy grail of user adoption. Cryptocurrencies are still undergoing this moment and the search for ease of use of crypto assets is still ongoing. It started with crypto exchanges that enabled people to buy cryptocurrencies in a much easier way. Now, a lot of focus is on what is being called ‘web 3.0’ that entails apps built to enable easier interfacing with the decentralized web. The browser and smartphone are at the centre of web 3.0 and how these two aspects are built could dictate how millions of users will interact and use cryptocurrencies and other crypto assets.

Cryptoassets unlike most consumer internet-based applications entails financial and crucial personal data. Therefore robust strategies need to be adopted that do not compromise of safety of digital assets while also giving great customer experience.

The two main pain points could be summarized as

  1. Integrating micropayments
  2. Safety and Storage of private keys

Lets see smartphones and browsers are trying to solve this

HTC Exodus 1

One of the world’s leading smartphone makers, HTC went into full crypto-smartphone mode last year with announcement that it was building a blockchain-centric smartphone called Exodus 1. More updates this year show that the smartphone has the following features:

  1. Ability to trade and store cryptokitties
  2. Partnered with Opera browsers in order to support making of crypto micropayments
  3. Support for Etheremon and Decentraland DApps
  4. Numbers: one of the most interesting app on the smartphone that tracks user data on walking, sleeping, driving and more and also ‘allows you to sell your own data to third parties’ according to TheVerge.
  5. Its own in-built cold storage called ZIONVault

The phone opened up to the market last year on pre-order but will be available from March for $699.

Exodus 1

SIRIN LABS

One of the best-funded projects in the ICO boom raising $157.8 million, Sirin Labs announced in December 2018 launch of blockchain smartphone. The phone, called Finney has key features such as

  • Cold storage wallet that is separate from the main physical phone hardware that is activated whenever you want to make a transaction. Check out this explainer video.
  • SerinOS, a ‘Google-certified’, ultra-secure modification of android OS
  • ‘in-built cyber security suite’ token conversion services, DApps, crypto wallets
  • SRN Token: to be used as the mode of payment for Sirin labs products and service
  • Other smartphone related features: 6 inch Android 8.1 snapdragon 845 processor, 6GB RAM, 128 GB built-in storage, 12MP/8MP front and rear cameras respectively

Cost: $1000 sorely with Sirin labs token, this seems to be targeting existing crypto users.

Electroneum

This blockchain startup launched $80 smartphone that targets users in the developing markets. It comes with cloud mining integration to enable users earn crypto through mining. For start, users will only be able to mine Electroneum native token ETN and earn ‘upto $3’. Users can then use tokens for services such as online shopping or exchange with other cryptocurrencies on exchanges. Before the launch of the phone, Electroneum project was launched in 2017 as a cryptocurrency targeting mobile audiences and smartphone users. It is currently trading at $0.007051 and ranked #64 on coinmarketcap.

Other features include:

  • Google Mobile Service (GMS) certification
  • Operating system: Android 8.1 Go Edition
  • CPU: Quad Core 1.3Ghz
  • Storage: 8GB internal and up to 32GB expandable.
  • Display: 4.5 Touchscreen
  • Connectivity: 4G Dual Sim, Bluetooth 4.0 GPS
  • Cameras: 5MP/2MP
Electroneum

Samsung Galaxy S10

At the Mobile World Congress in Barcelona in February 25, A Samsung official said that the new phone coming up would have crypto wallets functions for Ethereum and bitcoin. As reported by TheVerge, the news was made during a presentation at the event. The functionalities will entail a cold wallet for storing crypto and private keys and hot wallet for crypto transactions.

The news has not been confirmed by the company itself but has appeared on major outlets such as TheVerge and Cointelegraph.

Browsers

Opera crypto browser

In 2018, Opera browser announced launch on a built-in cryptocurrency wallet on its android app becoming the first browser to do so. It began supporting Ethereum based dapps.

Following up with their strategy, recent updates in February 2019 indicate that Opera has partnered with Safello, a regulated online crypto brokerage, to allow users in Sweden, Norway and Denmark can easily buy Ethereum from the browser with payment built-in that integrates with Swish in Sweden Visa, MasterCard in Norway and Denmark. With no account creation process, users can quickly undertake ID verification.

Brave

This is another blockchain powered browser aiming to introduce new ways of controlling ads on the web. It uses native token called the Basic Attention Token (BAT) that advertisers use to make payments to Brave users for consuming ads. Latest updates by the company show they have 5.5 million monthly active users and continue to add more features and partnerships. One of them is serving as a default browser on the platform HTC Exodus same as opera and it will be up to the user to choose.

The future

An ordinary smartphone can support crypto functionalities by downloading the appropriate apps or downloading browsers such as Opera which support crypto wallets. However, developments are being made beyond that to ensure better safety and security and other functionalities. That is why smartphones are racing to make announcements that they will be adding cold storage different from the existing smartphone hardware. A company such as Samsung launching a crypto supported wallet that incorporates cold storage would have more impact than other smaller companies.

The post In search of the perfect crypto browser and smartphone appeared first on coinweez.

Read Full Article
  • Show original
  • .
  • Share
  • .
  • Favorite
  • .
  • Email
  • .
  • Add Tags 

Coinfest Nigeria, the premier blockchain and cryptocurrency event, is back for another edition in April. The two day event will take place on 4th and 5th April 2019 in Port Harcourt, Nigeria. Started in 2013, the event has continued to grow in leaps and bounds as it has become the main gathering for cryptocurrency and blockchain enthusiasts, developers, merchants, researchers, policy makers and entrepreneurs. Coinfest aim to ensure the public is educated on the importance and opportunities in blockchain and cryptocurrencies.

Previous events have showed high attendance rates with attendees coming from 7 different countries. Furthermore, leading companies in the blockchain such as Bitpesa, Humaniq, Cryptographic Development Initiative Nigeria (CDIN), PwC among others have supported and taken part in the event.

The upcoming event marks the 3rd anniversary and comes at a time when Nigeria continues to be one of the leading countries in Africa with interest in bitcoin and cryptocurrencies. Statistics show that many merchants are using cryptocurrencies such as bitcoin to make cross-border transfers. Major exchanges such as Paxful and localbitcoins continue to show impressive and growing trade volumes.

Nigeria ranks high on bitcoin trade activity. Source: Reddit

It is against this backdrop that the Coinfest event is organized seeking to connect various players in the industry to continue to grow the ecosystem. Some of the major activities to take place during the event are:

Panel discussions

Product pitches

Hackathons

Blockchain and cryptocurrency exhibitions

Networking opportunities

An impressive array of headline speakers are:

  1. Professor Nii Quaynor: Director, Blockchain Academy, Ghana dot com, limited. ‘The Father of Internet in Africa’.
  2. Jane Thomason: Founder, Blockchain Quantum Impact
  3. Ernest Mbenkum: Founder of Cameroon Blockchain Business council, and Founder of OASIS Africa Innovation
  4. Oliver La Rosa: CEO, Globiance, and Chairman, European Chamber of Commerce for Distributed Ledger Technology and Cryptocurrencies.
  5. Armand Gaetan Ngueti: Africa Lead, Government Blockchain Association.

Other speakers and facilitators are: Faith Titus: CEO eWealthAtlantic , Munachi Ogueke: Founder/CEO, Cryset , Francisca Olisakwe: Founder/CEO, coinratecap.com, Alexander Reay: President Nordic IT Association as well as Founder BlockchainSUOMI and Ambassador Nordic Blockchain Association, Soala Bobmanuel-Orupabo: Partner, Dworks (UK), Faith Obafemi: Founding Partner, Lex Futurus, Chimezie Chuta: Founder, Blockspace Africa, Alex Sea: Associate Founder, Finov HUB, Roselyne Wanjiru: EOS Nairobi, Lucky Uwakwe: Chiefe Operating Officer, Blockchain Solutions Limited, Toritseju kaka: Founder, CryptoToday , Franklin Peters: Founder/CEO, Bitfxt.

This is the premier blockchain and cryptocurrency event in Nigeria and it is a good opportunity to connect with crypto/blockchain community, comprehend the current use cases, and network.

Call for submissions

Coinfest Nigeria is also calling for article submissions from interested parties about the present solutions, products, case studies, challenges and expert opinions relating to blockchain in governance, logistics/supply chain, agriculture, health, finance etc relevant to Nigeria and other west African countries. The aim is to build a robust repository of knowledge and experiences that can help in accelerating blockchain innovation and ecosystem development in Nigeria. Furthermore, this can support both government and private sector efforts in exploring potential of blockchain technology.

You can check out more on coinfest website and register to attend through this link.

To get additional information about the event and submissions, get in touch with The organizer, Kayode Babarinde on  curator@coinfestng.org

The post Coinfest Nigeria to take place on April 4th and 5th 2019 appeared first on coinweez.

Read Full Article
  • Show original
  • .
  • Share
  • .
  • Favorite
  • .
  • Email
  • .
  • Add Tags 

Asset backed by ownership in the founding companies and stable assets primarily Gold

Following the recent joint venture launch in Mauritius between three visionary companies in October 2018, newly created HYBSE Marketplace Limited (HM) brings to centre stage a worlds first digital multi-asset stable token “MAST”.

With fast growing global interest in collateralised tokens leads to the advent of new regulations in Mauritius to enable digital marketplaces and digital custodians, HM is providing investors, interested in developing a portfolio of digital assets, access to primary listed and secondary tradable asset backed tokens that will support this innovative trading ecosystem grow.

The first instrument to be issued will be the MAST products, full multi-asset backed tokens which will provide investors with a diversity of managed risk, as each asset class is underpinned by an integrated framework of strategic portfolios. Initially, MAST will be composed of ownership interest in the founding companies; HM, GMEX, MINDEX, fully gold backed DIM Currencies and stable gold coins. Three different categories of the MAST packages have been designed and enable investors to adapt their portfolio according to individual risk appetite.

HYBSE Marketplace incorporates the latest technological advancements for the financial sector with three core elements; Security with GMEX market surveillance adaptors, provides access for total regulatory oversight for a secure trading environment; Decentralisation through public ledger provides transparent and secure methods of transacting digital assets across the platform; Scalability on the Catapult Engine allows for modular design and high-frequency trade volumes.

Hirander Misra, Chairman of HYBSE Marketplace, GMEX and MINDEX, says “With the GMEX Market Advancement Programme (MAP) we are keen to find ways to work with partners to bring innovative solutions to the market. Asset Tokens, which are fully backed, brought to the market on a regulated exchange and stored in a regulated digital custodian bring a level of regulation and oversight not previously available for institutional investor needs.”

“We are delighted to be launching MAST on the HYBSE Marketplace in Mauritius, as we strongly support the enabling regulatory framework which is being established in the country for digital marketplaces and digital custodians. We are convinced that this new framework will put Mauritius firmly on the global map as the natural home for innovative technologies in the digital assets space,” he added.

The official MAST ATO will commence on Thursday 21 February 2019. Secondary trading is expected to begin on the HYBSE on Q2 2019. The ATO will be available for investment by sophisticated and expert investors.

Accredited participants who are interested in obtaining a stake in this revolution, can follow the link provided; www.mast.eco.

A detailed and comprehensive breakdown of the above can be found within the MAST Blueprint, found on the MAST website.

HYBSE Marketplace: Public Relations Contacts:

Mauritius

Samantha Seewoosurrun

(+230) 5772 4400

SA.SE@hybse.com

United Kingdom

Melanie Budden

+44 (0)7974 937 970

ME.BU@hybse.com

Digital

Uroš Trajković

+27 (0) 87 701 0914

UT@hybse.com

Disclaimer

Mauritius as a jurisdiction recognizes Digital Assets as an asset class for investment by Sophisticated and Expert investors. We strongly recommend investors to seek out independent financial and legal advice before engaging in any sought of business endeavour. Investors should fully ascertain the risks prior to committing any funds for investments.

Announcement to all investors: Regulatory Duties

It is the responsibility of investors that want to purchase or hold the tokens described in this offering to research and inform themselves on all applicable laws and regulations of any relevant jurisdiction. This includes tax consequences with respect to purchasing, holding or selling these Multi Asset Stable Tokens (MAST) Tokens. Our company is not offering any legal, financial or business advice. In case of any doubts or questions, Please contact us.

Investors must comply with all laws and regulations concerning know-your-customer, Anti-Money Laundering and Anti- Terrorism financing that may apply to them. Investors must obtain any permissions, approvals or licenses needed in order to purchase, hold or sell any MAST tokens under the laws and regulations to which they are subject or in each jurisdiction in which they may purchase, hold or sell MAST Tokens. We never sell to sanctioned countries.

About MINDEX

The MINDEX ecosystem comprises of:

  • MINDEX Holdings Limited – The holding company for the MINDEX ecosystem.
  • MINDEX Clearing Limited – operates as the central counterparty (CCP) clearing house regulated by the Mauritius Financial Services Commission (FSC) to clear all trades executed on MINDEX Limited.
  • MINDEX Limited – operates a multi-asset Securities and Derivatives Exchange regulated by the Mauritius Financial Services Commission (FSC).
  • MINDEX Spot Limited – The marketplace for the electronic trading of standardised physical and digital spot commodity contracts for gold, precious metals and other commodities
  • MINDEX Vault Limited – The forthcoming secured storage depository solution for gold and other precious metals.
  • MINDEX Refinery Limited – The forthcoming world class smelting, refining and recovery of gold and other precious metals to the highest standards.
  • MINDEX Realty Limited – the real estate arm of the MINDEX ecosystem responsible for construction and operation of the refinery, vault, office building and warehousing facilitating the safe storage of gold, digital assets and other commodities.

For more information, visit www.mindex.mu

Follow on Twitter @MindexHoldings

About GMEX Group

GMEX Group (GMEX) comprises a set of companies that offer leading-edge innovative solutions for a new era of global financial markets, providing business expertise, the latest technology, connectivity, and operational excellence delivered through an aligned partnership driven approach. GMEX uses extensive market infrastructure experience and expertise to create an appropriate strategic master plan with exchanges, clearing houses, depositories, registries, and warehouse receipt platforms. GMEX also offers the added benefit of interconnection to multiple partner exchanges, to create global networks of liquidity.  GMEX Technologies is a wholly owned subsidiary of GMEX Group.

For more information, visit www.gmex-group.com

Follow on Twitter @GMEX_Group

About HYBSE

The Hybrid Stock Exchange (HYBSE) is an online blockchain based exchange platform. It permits the buying and selling of cryptonized-equity in the new era of cryptocurrencies. The use of blockchain technology allows participants to cut out many of the intermediaries that are associated with traditional exchanges. While traditional exchanges serve participants from specific geographical locations, the HYBSE is open to all participants globally.

For more information, visit www.hybse.com

Follow on Twitter https://twitter.com/HYBSE

 

About the DIM Foundation

The DIM Foundation is a non-profit organization that is responsible for the marketing, public relations, customer care and oversight of the DIM brands (DIMCOIN, DIM Currencies, DIM Cryptocurrencies and future DIM denominated coins). DIM X is a cryptocurrency converting platform. The DIM Foundation is registered in Singapore.

The regional DIM Foundation will be responsible for:

  • Collecting donations for the DIM Ecosystem
  • Creating events for the DIM Ecosystem and attending blockchain events
  • Launch marketing campaigns for the DIM Foundation
  • Attract businesses into the DIM Ecosystem
  • Becoming a central meeting point for ambassadors and promoters.

For more information, visit www.dim.foundation

The post HYBSE, GMEX and MINDEX collaborate to list the world’s first Multi-Asset Stable Token in Mauritius appeared first on coinweez.

Read Full Article
  • Show original
  • .
  • Share
  • .
  • Favorite
  • .
  • Email
  • .
  • Add Tags 

Pension funds, hedge funds, endowments funds make up the bulk of institutional investors getting into crypto investing. More of such types including insurance companies, family funds, investment managers and mutual funds are expected to slowly enter the crypto assets market.

For the most of the 10 years since Bitcoin was introduced, majority of the participation has been by small scale retail investors who buy and sell small amounts of bitcoin and subsequently other cryptocurrencies. Since 2015 more and more institutional investors have been getting into crypto.

the options available

Firstly, The volatile nature of cryptocurrencies means that institutional investors may not be willing to risk billions by investing in cryptocurrencies. It is much easier to take risks as an individual rather than as an institution because losses are likely to affect a larger group of people. Secondly, the industry has largely been unregulated and there has not been a clear and easy way for institutional investors to get into crypto rather than the actual buying of crypto assets directly.

However on the flipside, not taking action could potentially be harmful since the funds could lose out on potential long-term gains. When the uncertainty is over, the crypto assets might have attained higher values and thereby losing on potential gains for investors and investment fund managers.

Subsequently, institutional investors are opting to slowly find ways of getting to understand the industry from inside rather than waiting on the sidelines.

entry points

The over the counter market (OTC) for crypto is growing steadily with  estimation of OTC market handling anywhere between $250 million and $30 billion. Exchanges still take up most transactions with $15 billion in daily trades. With a triple digit growth, the area is becoming very attractive to investors. However, large investors prefer private sales than use of exchanges because

  1. on the exchanges price movement of coins is rapid. In a private sale, the price can be determined before hand thereby reducing the worry about sudden price increase or decrease that crypto is prone to.
  2. In exchanges, investors may not get as many coins as they would like since exchanges could have liquidity issues or limitations in terms of trade volumes per specified period.
  3. current crypto exchange do not have on-boarding and services specifically suited for institutional investors. Simply, individual investors like you and me buys, sell,stores crypto assets in your own way and is responsible for your own storage and security. But for institutional investors they want a proper way of buying and storing that does not involve them managing own custody and private keys, furthermore, the law requires such holdings to be use third-party regulated institutions.

Therefore lack of clear regulatory framework, volatility, lack of clear entry point for large scale investors has kept them away, but they are slowly creeping in.  There are products that have been introduced that would allow such type of investors to get in. They are now in hundreds but here i highlight some of them so that you get the picture of type of operations they are running.

Tagomi:  The company aims to offer better platform for institutional investors to invest in digital currencies. By providing institutional investors with easier on-boarding process by pulling liquidity from different exchanges and finding best prices via algorithms and then charging a commission.

Coinbase Custody: Coinbase crypto exchange is mainly known for retail investors, but it has also diversified into institution clients by acting as agency broker for clients with deep-pockets with coinbase custody.

Fidelity Digital Assets: Fidelity Investment has over $2 trillion in assets under management and decided to dip its toes into crypto last year with Fidelity Digital Assets to provide services for institutional investors. The new arm is expected to be a full-service enterprise platform allowing institutional investors to buy, trade and store digital assets. It is working on developing custody services for bitcoin and Ethereum among other services such as execution services, on-boarding and customer support.

Bithumb: Hong Kong’s biggest crypto exchange opened a Over the counter (OTC) platform to allow institutional investors to easily exchange crypto assets off-the books

BitGo: A blockchain security company that offers services such as cold-storage, institutional grade-policy controls, regulatory compliance and other institutional based services that would allow institutional investors get into crypto. last year, it received green-light to operate in South Dakota.

World’s first crypto asset custody regulation

Custodial services for institutional investors seem to be catching up even in Africa after Mauritius announced world’s first crypto custody regulation in February. Custodial services are important to safeguard investors’ digital assets. Public pension funds, family endowments and similar type of funds do not own the funds under their portfolio but manage them on behalf of clients. In the era of digital assets such as bitcoin, custodian regulation as well better execution platforms are important pillars to ensure the owners are protected.  Cases such as one witnessed with Canadian crypto exchange where the CEO died and there was no way to recover funds in the exchange because apparently he was the only one with the private keys. This leaves questions about whether they had implemented multi-signature wallet system or any security features to anticipate such conditions. No institutional investor would feel safe to invest if such kind of risks exists. Hence the need for proper custodial services and regulation as highlighted above. 2019 might see more of such legislation as well as entities try to set up targeting institutional investors from across the globe.

The post Institutional investors dipping their toes into crypto appeared first on coinweez.

Read Full Article
  • Show original
  • .
  • Share
  • .
  • Favorite
  • .
  • Email
  • .
  • Add Tags 

Africa and majority of the developing world has been taunted as the holy grail of blockchain based solutions. From remittances, ‘banking the unbanked’, land registry, voting among others, blockchain has been seen as a possible solution to these problems. At the peak of ICOs in 2017, there were a lot of projects that were keen to address these challenges globally. Some progress has been made in some areas, new challenges have emerged and in some cases, evolution of changes in business strategy. Let us delve deeper into what some of the current projects and progress are in Africa.

cross-border transfers, payments and trading: This has been and continues to be one of the major area of focus for blockchain based solutions in Africa. Payments in Africa has been a challenge for decades. The existing solutions such are expensive and limiting.

Funding landscape from Disrupt Africa shows that funding for fintech startups is high in Africa. Cryptocurrencies are also clamoring to offer solutions to the challenge. The major problem is fragmented nature of Africa with 54 countries each with its own currency and monetary system. Even digital solutions such as Mpesa have only managed to penetrate few African countries. However, cryptocurrencies such as bitcoin have found a hub in Africa especially among merchants engaged in cross-border trade. Through use of peer-to-peer cryptocurrency exchanges such as localbitcoins.com, it is easier for someone to transact with anyone across the globe. Data shows that use of localbitcoins is highest i countries such as Nigeria, South-Africa, Ghana and Kenya.Even other cryptocurrency exchanges such as Paxful saw their biggest growth coming from Africa in 2018.

Africa tops in bitcoin search

To further solve the problem, entrepreneurs have formed exchanges that would further facilitate easier transfer and exchange of cryptocurrencies into local currencies via mobile money. Such include Paxful, Belfrics among others. The last-mile link seems to a fertile ground for establishing a layer that would facilitate faster, safer and easier transfer between cryptocurrencies and local currencies.

SureRemit has been trying to establish a footprint in the global remittances market with its successful ICO in 2017.

In East Africa, Binance launched its first operation in Africa by opening a crypto exchange in Uganda.

Education: skills-gap in terms of developer talent has been a gap that is currently being filled. One of the biggest has been accelerator programs that aim to improve skills-gap. Bithub Africa has been on the forefront in this.

Africa Blockchain Alliance (ABA) also recently announced that it was partnering with ConsenSys to offer consenSys developer program

Banking: Experimenting on community based currencies has been going on for a while now. One of the best efforts has been with Bangla Pesa in Kenya. Now instead of using printed paper currencies, they are shifting to crypto tokens. Bancor, one of the most successful ICO projects is supporting the project testing in Kenya. The founder, Will Ruddick taking to Bloomberg said that community-based currencies are filling a gap and enable people to pay for basic goods and services because of lack of reach of national currencies. The challenge is creating a network that is able to accept and use the currency in one region. Bancor came in to tokenize the community currencies and people can convert the coins back and forth. This is still an ongoing experiment but very interesting to watch. The interest-free system of microfinance as well as use of virtual currencies and vouchers is a concept that existed in the world for decades. However, crypto could revive it by introducing a wider network thereby increasing usage and value.

Regulation:

The general attitude of central banks and regulators in many African countries has been to urge the public to be careful when dealing with cryptocurrencies. There have been issues of fraud and urging people to take caution is welcome. Most of the countries are currently undertaking consultation and research on how best to approach the regulation, with others adopting a ‘wait and see’ approach.

However, beyond that individual countries have been mulling over cryptocurrency regulations.

Mauritius: Financial Services and Commission (FSC) Mauritius recognized digital assets as an asset class in 2018. Furthermore, it has said it grants custodian license  for digital assets in a regulatory framework expected to come into force in March. Holders are required to have minimum balances of approximately $14,492. Furthermore, the SEC of Mauritius considers cryptocurrencies as a store of value (digital assets).

South Africa:has issued various forms of guidance on cryptocurrencies, the major one being a consultation paper on steps its taking towards regulation. In the paper the South African Reserve Bank details the intention to take a phased approach in regulating companies operating in the crypto assets space such as exchanges in order to ensure consumer protection.

Kenya: In 2018, the Kenyan parliament asked the National Treasury to give guidance on the approach it was taking in regulating blockchain and cryptocurrencies. The Central Bank has issued warnings before but also seems to be warming on prospects of crypto assets. Government formed a 11 member taskforce to look into blockchain and artificial intelligence in 2018. The taskforce is said to have completed the report but its not made public yet.

Ghana: The country’s SEC recently said  it was gearing up to regulate companies operating in the cryptospace such as exchanges.

In the pipeline

Chamapesa: developing a mobile-based bookkeeping platform for chamas is expected to make more announcements this year about progress. KubitX is also a hybrid digital asset exchange.

Other major projects in the pipeline this year are pitching at the Africa Tech Summit in Kigali and some of them such as Demars, Leaf and Ride Safe are proposing blockchain based solutions. Plaas also currently undertaking its initial exchange offering and you can check out more details on their website.

The post Tracking Africa’s progress in blockchain and cryptocurrencies appeared first on coinweez.

Read Full Article

Read for later

Articles marked as Favorite are saved for later viewing.
close
  • Show original
  • .
  • Share
  • .
  • Favorite
  • .
  • Email
  • .
  • Add Tags 

Separate tags by commas
To access this feature, please upgrade your account.
Start your free month
Free Preview