Why are Major Crypto Exchange Firms Optimistic Towards Ethereum Coin?

Cryptocurrency InvestingCryptocurrency Investing

The cryptocurrency industry has been around for a long time and has been attracting a lot of investors for a decade. Cryptocurrency investing has turned into a huge mainstream business. Cryptocurrency has helped many people to generate extensive profits through their investment. This all started with the introduction of Bitcoin, which was the first cryptocurrency ever that gave the world the idea of the blockchain. This inspired other cryptocurrency firms to innovate more and come up with a different solution based on blockchain technology.

Ethereum was one such cryptocurrency that was introduced to the market based on blockchain technology. Ethereum, however, was different than other cryptocurrencies, including Bitcoin. The Ethereum coin used smart contracts that made Ethereum a token-based cryptocurrency, which was faster than its other counterparts. This created a revolution in the cryptocurrency industry and helped Ethereum attract many investors.

Investors then sought miners who could get them freshly mined Ether coins. This task was made easier when cryptocurrency exchange firms stepped into the picture. Ethereum became a favorite of crypto exchange firms as soon as they gained the attention of the users. This continued for some time without the interest or reason for such optimism becoming clear. Now, here are some reasons that will justify the interest of crypto exchanges in Ether coins.

Glorified History

Ethereum has a glorified history of being a perfect cryptocurrency and a goodwill business organization. After gaining the prominence of being an effective cryptocurrency, the company behind Ethereum declared itself a non-profit organization. It donated all its income, except a fixed amount that can be used to maintain the Ethereum cryptocurrency. Hence the EEA (Enterprise Ethereum Alliance) was formed with the help of several start-ups and fortune 500 companies. This helped the exchange firms to realize that Ethereum was not just a cryptocurrency but it was also a brand that represented everything good.

Technology

The technology that governs Ethereum is one of a kind and has given birth to a far superior breed of cryptocurrencies with stronger security and faster process time. Smart contracts allow the Ether coins to develop their own functionalities. Ethereum itself is a platform for developing decentralized applications and software. The Ether coins are one of many creations of Ethereum, the development platform. These types of technology only suggest that it would be much more adopted in the future and that is the reason crypto exchange firms are interested in Ethereum exchange.

Market Position

Ethereum currently has a market capitalization of over $31 million USD, allowing Ethereum to rank second on the list of best cryptocurrencies. Ethereum has made a significant space in the market, which was created only by the never-ending trust of the investors. The price of Ethereum is around $300 USD per Ether coin which has gained the interest of the investors. This kind of market only suggests profit and advancements in the future market. Hence the crypto exchange firms don’t want to miss out on the big action in the future.

Investor Interest

The Ethereum cryptocurrency comes second in the list of top cryptocurrencies based on the market capitalization. This has gotten many investors interested in the cryptocurrency. The Ethereum coin in itself has many success stories, although it is not as well glorified as Bitcoin. Ethereum has helped many investors to generate extensive profit. This has kept the investors interested in the Ethereum coin, which led to crypto exchanges being optimistic towards Ethereum.

These are some of the reasons cryptocurrency exchanges are interested in Ethereum coins. There are many online cryptocurrency exchange platforms such as Evonax, Coinbase, Circle, etc. that support Ethereum extensively for the above-mentioned reasons. They have clearly suggested that Ethereum is the future of cryptocurrencies and they would like to be a part of that future.

>> Crypto Daily News: Seven Premier League Teams Sign Deals with eToro

Featured image: DepositPhotos /© aa-w

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After Months of Waiting, JD.com Launched its Blockchain Platform and Mobile App

JD.com blockchain platformJD.com blockchain platform

JD.com has been busy today. On Friday, the Chinese e-commerce company rolled out two new products: a JD.com blockchain platform and a JD.com app. The latter is the platform’s first use case.

Here’s what we know. 

JD.com Blockchain Platform: Officially Live 

Today, JD.com posted a press release, which stated that the company had not only created a blockchain platform but a mobile application as well.

The company decided to both announce and launch the products Friday; this is likely a marketing move to keep the company in the backs of weekend traders’ minds. Moreover, it was probably announced today so the market would forget about the poor JD.com earnings report, which was announced yesterday. 

However, the products go hand-in-hand. Therefore, it does make sense that they were rolled out on the same day.

The JD.com Blockchain Open Platform

For months we have known that, at some point, JD.com would be launching a blockchain platform. The March 2018 JD.com blockchain whitepaper gave us that insight. And despite the platform being launched months after the firm first announced the plans, the market likely won’t mind the wait.

Those looking to create their own blockchain app will benefit from JD.com’s Blockchain Open Platform. Specifically, if your enterprise is trying to create an app for the following, you may want to do some personal research on the platform: 

  • Charity donations 
  • Property assessment
  • Certificate authentication
  • Supply chain information (blockchain adds a number of benefits to supply-chain management)

The JD.com App

This is the company’s first app, so Friday’s launch was bound to make some waves. But that’s not the only reason to be excited about it. According to the company, the JD.com app is meant to increase issuance efficiency. It will also move invoice data and streamline the accounting process. 

>> Kin Choses 40 Developers to Build its Ecosystem Apps

The JD.Com Stock

The trading day is still warming up, but JD.com is already in the green. At press time, JD.com is up 0.13% on the Nasdaq Exchange. 

The Takeaway

What do you think about the Blockchain Open platform?

Featured Image: Twitter

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UEFA’s New Ticketing System Uses Blockchain Technology

UEFA Ticketing SystemUEFA Ticketing System

The Union of European Football Associations (UEFA) has made quite the revolutionary announcement today. No, Lionel Messi has not quit football or anything like that, rather the announcement revealed the new UEFA ticketing system.

And the new UEFA ticketing system uses blockchain technology. Get in!

The UEFA Ticketing System

UEFA successfully deployed its new blockchain ticketing system via mobile phones.

The system was actually tested first back in May where it was used to sell 50% of the tickets for the 2018 UEFA Europa League final in Lyon and it was successful.

UEFA Super Cup in Estonia

After its “successful implementation”, UEFA decided to increase the technology’s reach “to all of the general public” in Estonia for an upcoming football match.

The announcement made today spoke of this:

“100% of the match tickets for the UEFA Super Cup soccer match between Real Madrid and Atletico Madrid held in Tallinn, Estonia on August 15 were sold using a blockchain-based iOS or Android application.”

>>Crypto Daily News: Nearly 1 Trillion Dollars Worth of BTC has been Transferred in 2018 & Coinbase Continues to Make Moves

Blockchain Safety

The goal of a blockchain ticketing system is to make the ticket-sale process for matches simple and safe. Using blockchain to underpin the system means that ticket distribution will be more secure and importantly, replication and duplication of tickets are prevented.

Developing the Technology

Further to its blockchain success, UEFA says it will continue to develop the technology and its use of a blockchain-based ticket distribution system for future events, adding:

“UEFA is looking to make its ticket sales process for matches more simple and safe — thanks to a new system aimed at providing secure ticket distribution, and which prevents the replication and duplication of tickets.”

Conclusion

With UEFA using blockchain technology for its tickets, I expect it will further the trend for blockchain technology in this field.

Already we have seen company’s use blockchain in innovative ways; South Korea’s, TADA, utilizes it for its ride-hailing app, and further, even a trillion dollar shipping industry is showing its interest.

Featured Image: Deposit Images/artjazz

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AXS Blockchain Solutions Inc. and Chainlinks Lab Inc. Announce Name Change to LiteLink Technologies Inc. and LiteLink Labs Inc.

Name changeName change
Depositphotos/Syda_Productions

VANCOUVER, British Columbia, August 16, 2018 – LiteLink Technologies Inc. (“LiteLink”) (CSE:BAXS) (FRA: C0B) a leader in blockchain solution development, is pleased to announce that it will change its name from “AXS Blockchain Solutions Inc.” to “LiteLink Technologies Inc.”

Effective at the market opening on August 21, 2018, the common shares of the Company are expected to commence trading on the Canadian Securities Exchange under the Company’s new name and under the trading symbol “LLT”.

To maintain consistency across the brand, recent acquisition, Chainlinks Lab Inc. has also changed its name to LiteLink Labs Inc.

Ashik Karim, CEO of LiteLink, stated,

“By renaming our parent company to LiteLink, our brand is aligned more closely with the Company’s refined vision that aims to link enterprises and their people with our leading-edge technologies through the lightest integration costs, and complexity possible. Our customers are tired of antiquated enterprise systems and overly complex integration platforms. LiteLink will provide a near-zero cost integration platform that can be used on-demand. In addition, LiteLink has diversified its competencies to include AI deep cognitive learning for their platforms, rather than solely focusing on blockchain technologies.”

About LiteLink Technologies Inc.

LiteLink Technologies (CSE:BAXS) (FRA: C0B) is a blockchain solution provider that acquires and develops businesses devoted to enhancing the future of blockchain. Leveraging an extensive network of product development communities and digital media, LiteLink Technologies builds and creates partnerships with blockchain technology startups which turn simple, innovative ideas into businesses supercharging the industry.

About LiteLink Labs Inc.

LiteLink Labs is a wholly owned subsidiary of LiteLink Technologies Inc. that integrates blockchain-based systems with A.I. technology in existing legacy businesses. LiteLink Labs develops and implements blockchain solutions for telecommunications, logistics, payment, and billing systems to make these markets more efficient, secure, traceable, and enterprise ready.       

Forward-looking Statement

This news release may contain certain “Forward-Looking Statements” within the meaning of the United States Private Securities Litigation Reform Act of 1995 and applicable Canadian securities laws. When used in this news release, the words “anticipate”, “believe”, “estimate”, “expect”, “target”, “plan”, “forecast”, “may”, “schedule” and other similar words or expressions identify forward-looking statements or information.  These forward-looking statements or information may relate to LiteLink Technologies Inc. and LiteLink Labs Inc., the proposed change of name by the Company and its wholly-owned subsidiary Chainlinks Lab Inc., the nature of the business of LiteLink Technologies Inc. and LiteLink Labs Inc, and other factors or information. Such statements represent LiteLink’s current views with respect to future events and are necessarily based upon a number of assumptions and estimate that, while considered reasonable by LiteLink, are inherently subject to significant business, economic, competitive, political and social risks, contingencies and uncertainties. Many factors, both known and unknown, could cause results, performance or achievements to be materially different from the results, performance or achievements that are or may be expressed or implied by such forward-looking statements.  LiteLink does not intend and does not assume any obligation, to update these forward-looking statements or information to reflect changes in assumptions or changes in circumstances or any other events affections such statements and information other than as required by applicable laws, rules and regulations.

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Golden Gate Ventures to Launch $10 Million Blockchain and Crypto Fund

Golden Gate VenturesGolden Gate Ventures

Capital firm Golden Gate Ventures (GGV), based in Singapore, is planning to launch a $10 million USD fund exclusively for blockchain and cryptocurrency investments. The fund will be accessible for cryptocurrency start-ups as well as established blockchain companies looking for further investment.

The announcement was made via Reuters, early today August 10th. 

Who is Golden Gate Ventures?

Golden Gate Ventures is one of Southeast Asia’s leading venture capital firms. The new fund will see the GGV invest in start-up companies such as cryptocurrency exchanges, security providers, and blockchain tech startups. This investment will be done through the LuneX Ventures fund.

A Partnership

According to a local Singapore media platform, e27, the fund has been the creation of a partnership between GGV and now solo business mogul Kenrick Drijkoningen, who was GGV’s former head of growth.

Drijkoningen stated that LuneX Ventures has a “strong pipeline of five to 10 investments ready to go,” and funding has already begun, with a funding commitment made to Sparrow Exchange, a Singapore-based crypto exchange that will be the first recipient to avail of the fund.

Praise For Blockchain

Drijkoningen is a fan of blockchain technology. Holding it in high regard, he even goes as far as to say it could surpass the Internet in terms of global “disruptive potential.” Calling it “a foundational technology” he continues by saying:

“Right now valuations have come down to more reasonable levels and the industry is moving from pioneers to early adopters, which is a great time to start investing.”

Praise for blockchain is not hard to come by. Since the inception of Bitcoin, the technology has been highly lauded and sought after in not only currency sectors but also technology, health, and even voting sectors. Its potential seems endless.

>> Heated Discussion Between IOTA Founders Leaked! What Gossip Is This!?

Other Funds

GGV is not the only firm investing. In June, private equity and venture capital firm Union Square Ventures (USV) announced that it has plans for blockchain and crypto investing; reportedly this will extend over ten years. However, USV will not establish a separate fund for the cause.

The Ripple team also invested $25 million worth of XRP into a $150 million blockchain fund, which was created by Blockchain Capital. Blockchain Capital is a venture capital firm dedicated to blockchain technology.

The future is blockchain it seems!

Featured Image: Deposit Photos/dimapolies

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Trillion-Dollar Shipping Industry Betting Big On Blockchain

BlockchainBlockchain
Depositphotos/Tzido

FN Media Group Presents Cryptocurrencynews Market Commentary

In the United States shipping and logistics accounts for nearly $1.5 trillion each year. With networks of producers, shippers, and consumers coordinating to access products, inefficiencies are an inevitable industry reality. In an effort to address these problems, companies around the world are working to revolutionize shipping and logistics through the instant and immutable properties of blockchain technology. Technology giants are predicting that traditional enterprise clients will seek to integrate blockchain technology into their businesses in the future. As legacy sales decrease, goliaths like IBM see blockchain as the supply-management tool of choice. The global logistics industry was valued at USD $8.1 trillion in 2015, and as the global economy grows it is estimated that this number will reach USD $15.5 trillion by 2024. Leading logistics and blockchain technology companies such as DMG Blockchain Solutions Inc. (OTC: DMGGF) (TSX-V: DMGI), Descartes Systems Group Inc (NASDAQ: DSGX) (TSE: DSG), Blockstrain Technologies Corp. (OTC: BKKSF) (TSX-V: DNAX), Drone Delivery Canada Corp. (OTC: TAKOF) (TSX-V: FLT) and AXS Blockchain Solutions Inc. (CSE:BAXS) (FRA: C0B) have begun addressing issues within the shipping industry.

Is the industry ready for such rapid development? No.

The global logistics industry currently relies on outdated systems of organization to conduct business. These systems are rife with delays due to human error, poor communication, and other breakdowns. Blockchain technology offers a unique opportunity for these systems to be replaced, ushering in a new era of automation and efficiency.

In late 2017 UPS realized blockchain’s enormous potential to transform industries, joining the Blockchain in Trucking Alliance (BiTA). Created for people working in the freight industry to improve standards and education around blockchain, BiTA is known for bringing major freight technology companies together to develop blockchain technology. Another recent notable member is German software giant SAP SE, who became BiTA members in 2017.

Solving Logistical Issues With Blockchain Technology

AXS Blockchain Solutions Inc. is following the footsteps of UPS by betting big on blockchain logistics with its recent acquisition of Chainlinks Lab for CAD $4,000,000. Chainlinks is in the final development phase of a blockchain-based logistics platform called 1Shift Logistics. The platform aims to solve the fragmented marketplace of suppliers using outdated legacy systems that require a manual workforce to complete routine and simple tasks. 1Shift aims to solve the existing logistical issues in the trucking industry by improving transparency and reducing the likelihood of human error.

“The acquisition of Chainlinks allows AXS Blockchain to dive deep in the trillion dollar logistics industry. With the advent of blockchain, AI cognitive search and smart contracts there is a great opportunity to simplify, streamline and create transparency in the supply chain. Utilizing a mix of these technologies in a revolutionary eco-system can solve real-time tracking and tracing issues, live escalation updates to mitigate downtime and simpler payment settlements to name a few,”

commented AXS Blockchain CEO, Mo Ahmad.

For freight brokers, 1Shift can provide instant solutions for major issues such as cargo protection and delivery efficiency within both the logistics and transportation industries. By providing all parties involved with a single customized dashboard for tracking freight payment, rates, financial metrics, and budgeting, 1Shift will increase shipping reliability and visibility in order to maintain intermediary relationships.

Descartes Systems Group Inc (TSX: DSG) (NASDAQ: DSGX) is another company that provides a logistics software-as-a-service solution aimed at improving the efficiency, operational performance, and security of logistics-intensive businesses. With a current stock price of $44.34 CAD and a market cap of $3.4 billion, it is plausible that investors believe in the power of blockchain technology.

Identifying Industry Issues

Global cargo theft is estimated to cost $60 billion USD per year. The United States is said to lose nearly $35 billion alone. These losses hurt businesses and cost consumers, offering a unique opportunity for blockchain-based solutions to recover a massive amount of profit. The North American trucking industry is also a very fragmented marketplace. There are over 500,000 trucking companies in operation across the continent, each of which must conform to a complex initial vetting process. These companies lack the appropriate tracking tools to monitor their shipments, exacerbating an inefficient system.

Lost, late, and damaged goods are a common problem in the shipping industry. These issues are often discovered after it is too late, creating a loss for both shippers are manufacturers. Many of these issues could be solved by the automation and security provided by blockchain-based logistics systems. By reducing the need for human input, blockchain technology can provide a seamless solution to many of these easily-automated issues.

Linda Weakland, UPS’s Director of Enterprise Architecture and Innovation, is long on blockchain. She says,

“It has multiple applications in the logistics industry, especially related to supply chains, insurance, payments, audits and customs brokerage. The technology has the potential to increase transparency and efficiency among shippers, carriers, brokers, consumers, vendors and other supply chain stakeholders.”

Blockchain: The Backbone of Modern Logistics

Within the freight transport industry, there are many intermediaries that are involved in the transportation of goods from point A to point B. Many individuals involved in the delivery chain process means that there are significant amounts of information that will remain hidden or get lost in translation.

Across global networks, blockchain fundamentals can provide efficiency, transparency and security. Incorporating these fundamentals will build a transparent way of monitoring global trade and lower costs between intermediaries within the supply chain.

The billion-dollar cannabis industry is ripe for this technology. Blockstrain Technologies Corp. (TSX-V: DNAX) (OTCPK: BKKSF). Blockstrain is currently attempting to secure the intellectual property associated with cannabis genomes by hosting it on a blockchain. By validating the genome and source of cannabis plants, stakeholders throughout the industry should be able to track their product from seed to sale.

To address the issue of amounts of intermediaries in a chain, Drone Delivery Canada Corp. (OTCQB: TAKOF) (TSX-V: FLT) is working to pioneer a commercially viable drone delivery system across Canada. Once in place, this system will effectively remove human error from large portions of the shipping process and lower costs between intermediaries.

To reduce fraud and friction throughout current supply chain systems DMG Blockchain Solutions Inc. (OTCQB: DMGGF) (TSX-V: DMGI) plans to work with an existing licensed producer to develop a platform ensuring complete provenance of controlled products through the entire supply chain system.

If blockchain’s integration into the logistics industry turns out to be a success, it is fantastic news for consumers, shippers and investors alike. It seems as though just about everyone involved is discovering the advantages of operating on a blockchain system. Especially for the shipping sector, it might represent a solution to the industry’s need to keep pace in the face of steady rapid growth.

For a more in-depth look at AXS Blockchain Solutions Inc. (CSE:BAXS) (FRA: C0B), please read the full report on Cryptocurrencynews.com.

FNM HOLDS NO SHARES OF ANY COMPANY NAMED IN THIS RELEASE.

This release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. “Forward-looking statements” describe future expectations, plans, results, or strategies and are generally preceded by words such as “may”, “future”, “plan” or “planned”, “will” or “should”, “expected,” “anticipates”, “draft”, “eventually” or “projected”. You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a company’s annual report on Form 10-K or 10-KSB and other filings made by such company with the Securities and Exchange Commission. You should consider these factors in evaluating the forward-looking statements included herein, and not place undue reliance on such statements. The forward-looking statements in this release are made as of the date hereof and CCN and FNM undertake no obligation to update such statements.

Originally published on www.prnewswire.com

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Korean Blockchain Association Asks State for Crypto and Blockchain Adoption

Korean blockchain regulationKorean blockchain regulation

Last month, the Korea Blockchain Enterprise Promotion Association was established. While the association is still relatively new, it’s already making major moves. This week, the association called for not only Korean crypto regulation but Korean blockchain regulation as well.

Here’s what we know.

Korean Crypto Regulation and Korean Blockchain Regulation

On August 8th, the Korea Joongang Daily reported that the Korea Blockchain Enterprise Promotion Association called on the government on Tuesday, asking it to adopt crypto and blockchain.

Why? According to the report, the blockchain-based association has asked the government to regulate the technology so that it can benefit from its opportunities.

The Korean blockchain association believes this is far more important than the state focusing all of its energy on the new technology’s negative “short-term side effects.”

At Tuesday’s press briefing, the report details the words spoken by the President of the blockchain association, Yoo Joon-sang. He said that the world is starting to work with blockchain technology, but instead of welcoming the people’s interest in blockchain, “the government is focused on controlling it.”

What Does the Association Want?

The association wants crypto and blockchain adoption, but what does that mean, really? Well, according to President Yoo Joon-sang, the blockchain group “demands that the government hurry to regulate” basic blockchain laws. These laws, if regulated, “will guide the blockchain industry.”

Some of these basic laws include policies for initial coin offerings and virtual currency exchanges.

What is the Korea Blockchain Enterprise Promotion Association?

Made up of former politicians and academics, the KBEPA was launched on July 17th of this year. It was established as a direct response to the increasing popularity of crypto, blockchain, and distributed ledger technology.

The Takeaway

It will be interesting to see if the Korean blockchain association has its demands met by the government. Though it’s hard to say if that will happen, considering South Korea seems to have mixed views on cryptocurrency.

>> Bitcoin (BTC) Falls Close to $6,500 After SEC ETF Delay

Featured Image: Twitter

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AXS Blockchain Announces Appointment of Ashik Karim as CEO

BlockchainBlockchain
Ashik Karim

VANCOUVER, British Columbia, Aug. 03, 2018 (GLOBE NEWSWIRE) — AXS Blockchain Solutions Inc. (“AXS Blockchain”) (CSE:BAXS) (FRA: C0B), a leader in blockchain solution development, is pleased to announce that the board of directors has appointed Ashik Karim as Chief Executive Officer, and a director, effective August 3, 2018. Mr. Karim is currently and will also remain the Chief Executive Officer of Chainlinks Lab Inc., a wholly owned subsidiary AXS Blockchain. Mohammad Ahmad has stepped down as Chief Executive Officer to take on a strategic leadership role as Chairman of AXS.

“By appointing Mr. Karim as the CEO of AXS Blockchain, we have selected a market leader at a time when blockchain technologies and artificial intelligence (AI) are on the cusp of enterprise adoption,”

commented Mr. Ahmad.

Ashik Karim, the new CEO for AXS Blockchain, noted:

“Today’s pace of technological change is both unpredictable as well as exponential. Blockchain impacts every individual, country, and organization in one way or another, and AXS Blockchain’s role in the digital blockchain and AI transformation has never been more important.”

Mr. Karim started his career in 1998 building mission-critical software for the International Space Station for NASA and the Canadian Space Agency. He then transitioned to deliver one of the largest online national land management platform in the world for McDonald Dettweiler. Upon successful launch of that platform, Ashik then transitioned into technology product consulting and delivery for Accenture, where he brought his technology and leadership to TELUS, Vodafone, and Wind Mobile in Canada, and where he was pivotal in driving delivery from concept through go-live in less than twelve months. Mr. Karim has also been a key leader in two successful startups in Canada, one that has already exited with Ericsson. Ashik Karim stated, “I am personally looking forward in bringing the same level of enterprise disruption success to AXS as I did as the CEO at Striven Consulting, where we took a technology consulting firm and disrupted some of the largest enterprise consulting firms in the world.”

In connection with his appointment as Chief Executive Officer, Mr. Karim has been granted incentive stock options to purchase up to 8,000,000 common shares of AXS Blockchain at a price of $0.35, for a period of five years. The options will vest evenly over a period of 36 months, with the first tranche vesting on the date which is six months following the date of the grant.

About AXS Blockchain Solutions Inc. 

AXS Blockchain Solutions Inc. (“AXS Blockchain”) (CSE:BAXS) (FRA: C0B) is a blockchain solution provider that acquires and develops businesses devoted to enhancing the future of blockchain. Leveraging an extensive network of product development communities and digital media, AXS Blockchain builds and creates partnerships with blockchain technology startups, which turn simple, innovative ideas into businesses supercharging the industry.

This news release may contain certain “Forward-Looking Statements” within the meaning of the United States Private Securities Litigation Reform Act of 1995 and applicable Canadian securities laws. When used in this news release, the words “anticipate”, “believe”, “estimate”, “expect”, “target, “plan”, “forecast”, “may”, “schedule” and other similar words or expressions identify forward-looking statements or information. These forward-looking statements or information may relate to the proposed appointment of Ashik Karim as Chief Executive Officer, AXS Blockchain’s business prospects, and other factors or information. Such statements represent AXS Blockchain’s current views with respect to future events and are necessarily based upon a number of assumptions and estimates that, while considered reasonable by AXS Blockchain, are inherently subject to significant business, economic, competitive, political and social risks, contingencies and uncertainties. Many factors, both known and unknown, could cause results, performance or achievements to be materially different from the results, performance or achievements that are or may be expressed or implied by such forward-looking statements. AXS Blockchain does not intend and does not assume any obligation, to update these forward-looking statements or information to reflect changes in assumptions or changes in circumstances or any other events affections such statements and information other than as required by applicable laws, rules and regulations.

Please See Disclaimer

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Crypto Daily News: Seven Premier League Teams Sign Deals with eToro; Bitcoin Carbon Footprint more than One Million Trans-Atlantic Flights


In today’s edition of Crypto Daily News, we’ll cover the seven premier league teams that just signed a deal with eToro for advertising. Also, we’ll touch on the new study out that shows Bitcoin’s carbon footprint now equals a million trans-Atlantic flights.

Crypto Daily News: August 21st, 2018

Premier League & eToro

The UK-based trading platform eToro has just announced that it has signed a large advertisement deal with seven Premier League football clubs. Revealed this morning, the clubs will be paid in Bitcoin (BTC).

The clubs that have signed deals with eToro include:

  • Newcastle United
  • Leicester City
  • Tottenham Hotspur
  • Southampton
  • Crystal Palace
  • Brighton
  • Cardiff City

This isn’t the first time a European football team has represented cryptocurrency but it does show its integration into the mainstream media.

“This is very much the first step on a long road to football fully embracing bitcoin and the underlying blockchain technology,” eToro’s UK managing director Iqbal V. Gandham meanwhile said quoted by The Drum.

Bitcoin (BTC) Carbon Footprint

Erin Marquis, the managing editor at Jalopnik, just published an article about Bitcoin’s carbon footprint and it’s quite alarming. She highlights that currently 20 megatons of CO2 is released into the atmosphere currently – which makes up just as much as the whole Republic of Ireland.

The Guardian reported back in January of this year that 80% of Bitcoin miners’ winnings are invested back into energy consumption.

The author states that if the cryptocurrency, with its Proof-of-Work (PoW) consensus algorithm, were to grow to $50,000 a coin, its energy usage would shoot up 10 times what it already is – scary.

Featured Image: Depositphotos/© IgorVetushko

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Crypto Daily News: Bitcoin Cash (BCH) Futures Launched & 21-Year-Old Charged with Bitcoin (BTC) Money Laundering

Crypto Daily NewsCrypto Daily News

In today’s edition of Crypto Daily News, we’ll cover the new Bitcoin Cash (BCH) futures just launched in London and the details of the 21-year-old Californian that was charged for Bitcoin money laundering.

Crypto Daily News: August 20th, 2018

Bitcoin Cash (BCH) Futures

On Friday, Bitcoin Cash (BCH) took a step into the big leagues as the UK-based Crypto Facilities took Bitcoin Cash futures live. At 4 p.m. local time, UK investors were able to bet on the future price movements of the fourth largest cryptocurrency by its total market cap.

We are pleased to be expanding our cryptocurrency derivatives offering with the launch of Bitcoin Cash futures,” said Crypto Facilities CEO Timo Schlaefer in a statement, “BCH is a top five coin with a market capitalisation of around $10 billion and we expect our new contracts to spur the evolution of the crypto markets by bringing greater liquidity and transparency to the digital asset class.”

Crypto Facilities is one of several cryptocurrency exchanges that gives pricing data that is used in the CME’s cryptocurrency reference rates. This first listing of Bitcoin Cash futures in the UK could eventually spread to a major exchange in the US launching BCH futures sometime soon.

Bitcoin Money Laundering

A 21-year-old in the state of California is being prosecuted for numerous counts of illegal money laundering in the cryptocurrency space. The Department of Justice in the Southern District of California has ordered that Jacob Burrell Compos be held without bail in a hearing held last Friday.

>> Ripple (XRP) Signs Deal with Bittrex for xRapid Transactions

According to the court filing against him, from January 2015 to April 2016, Burrell sold around $750,000 worth of Bitcoin (BTC) to 900 different individuals in the US via his Bitcoin exchange service. The reason for his arrest was that he had not registered his exchange as a licensed money transmitter and didn’t implement any anti-money-laundering measures.

The prosecutors said in the announcement:

“Burrell’s activities ‘blew a giant hole’ through the legal framework of U.S. anti-money laundering laws by soliciting and introducing into the U.S. banking system close to $1 million in unregulated cash.”

Featured Image: Depositphotos/© sborisov

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