Yahoo Japan subsidiary confirms 40% stake in new bitcoin exchange

Z Corporation, a wholly owned subsidiary of Yahoo Japan confirmed today after weeks of rumblings that it has signed a contract with BitArg Exchange Co., Ltd., a subsidiary of CMD Lab.

The Yahoo subsidiary will complete the transfer of shares this month from CMD Lab and the third party allotment from BitArg Exchange Tokyo, which will become an equity-method affiliate of Z Corporation.

Z Corporation, established to challenge areas different from Yahoo’s existing business, will capital participate in the new BitArg Exchange Tokyo which was authorized as a virtual currency exchanger from the Kanto Local Finance Bureau.

The Z Corporation said:

“We will enter the blockchain related area where the application is expected and the virtual currency business. In addition, by utilizing the service operation and security expertise of the Yahoo group, we support the operation of the exchange operated by BitArg Tokyo and the operation after the start, we aim to offer service that is easy and safe to use.”

After the acquisition of shares CMD Lab will own 60% and Yahoo’s Z Corporation 40%.

Bitcoin ATM network Coinsource expands into Washington DC

Coinsource, a U.S. Bitcoin ATM network, today announced its first expansion into the Nation’s capital. Coinsource will install 20 machines across the District of Columbia and Maryland after receiving significant demand from local users.

Currently, Washington D.C. has five machines being serviced by five different operators. With this deployment, Coinsource will be the largest Bitcoin ATM operating network in the D.C. metropolitan area. D.C.’s 20 new Bitcoin ATMs (12 in Washington D.C., 5 in Baltimore, 1 in Towson, 1 in Oxon Hill, and 1 in Takoma Park).

“We are meeting Washington D.C. at an inflection point, where regulators are looking at the value and potential of decentralized currencies and blockchain technology,” said CEO of Coinsource Sheffield Clark. “All innovation over time has passed through our Nation’s Capital in one way or another, and we are happy to be now servicing Washington D.C. and the surrounding communities so that they can have easy access to buying and selling Bitcoin.”

Washington D.C. is no stranger to cryptocurrency and its implications. Earlier this month, a subcommittee of the U.S. House of Representatives Financial Services Committee held a hearing examining cryptocurrencies and ICO markets, while The Chamber of Digital Commerce hosted its third annual D.C. Blockchain Summit. Additionally, several local restaurants, bookshops, and record shops have been accepting Bitcoin as payment since last year.

CMO of Coinsource, Bobby Sharp, said, “We are expanding the Bitcoin ATM market further than it’s ever been in D.C., offering the lowest rates, exclusive remote enrollment and allowing for at-home account registration.This installment is especially significant to Coinsource, as the philosophy behind decentralized currency is and has always been about giving freedom back to the people. As a company, I feel that we have been able to provide financial freedom to the underbanked and unbanked, and I am happy to bring our services to D.C.”

During the first quarter of this year, Coinsource installed 10 new machines in Rhode Island, New Hampshire, and Massachusetts. Additionally, Coinsource introduced eight new machines in Denver, Colorado last week.

Coinsource services 164 million residents across the country and currently has 182 machines in 19 states; California, Oklahoma, Nevada, Texas, Louisiana, Missouri, New Jersey, New York, Pennsylvania, Tennessee, Arizona, Georgia, Rhode Island, New Hampshire, Massachusetts, Colorado, Maryland, Delaware and the District of Columbia.

NetCents launching settlements to protect cryptocurrency transactions

NetCents Technology today announced the launch of Instant Settlements, to provide merchants guaranteed protection against market-volatility and liquidity issues associated with processing cryptocurrency transactions.

NetCents will initially offer instant settlement for Bitcoin, Ethereum, Litecoin, with additional cryptocurrencies to be added over time.

Through Instant Settlements, merchants will now be able to take advantage of all the benefits of lower fees, faster processing, and leverage the liquidity of ‘crypto-to-fiat or crypto-to-crypto’ settlement without being exposed to the risks or the price fluctuations inherent with cryptocurrencies.

Clayton Moore, CEO of NetCents Technology said:

“With our risk-free platform, merchants and payment processors will be able to accept these next-generation cryptocurrencies while behind-the-scenes, seamlessly and instantly settle of the purchase amount in the local fiat or digital currency of their choice. NetCents Technology removes all liability and merchant risk of cryptocurrency transactions.”

Vaultbank partners with Gordian for compliant securities token exchange

Vaultbank, a cryptocurrency exchange platform for buying, selling, and trading asset-backed tokens, today announced it has raised over $3 million in funding, reaching the soft cap for its VB token sale. VB tokens are currently being distributed to Vaultbank token sale backers.

Vaultbank has also partnered with Gordian Compliance Solutions, a compliance consulting firm, headquartered in San Francisco, CA. Vaultbank and Gordian Compliance Solutions are in the process of registering with the SEC as an Alternative Trading System (ATS) and with FINRA as a registered broker-dealer for the issuance of security tokens and the trading of security and utility tokens on the Vaultbank Exchange.

Vaultbank is a global investment firm that provides a comprehensive suite of financial solutions including a secured asset fund, its proprietary Vaultbank Exchange, and traditional investments securities that include Mutual Funds and Hedge Funds. The Vaultbank Exchange will offer a fully securities-compliant platform supporting KYC, AML, FATCA, and Accreditation.

The company further announced the launch of the Vaultbank Fund, which provides the main asset-backing of each VB token and intends to pay quarterly dividends in Ethereum (ETH). Of the $3 million raised in the VB token sale, $1.3 million has been allocated to the Vaultbank Fund, providing the main yields to be used for potential dividends which are expected to be distributed at the end of Q2, 2018.

“At Vaultbank, we’re building a suite of financial services to support the evolution of cryptocurrency trading and investing, and the Vaultbank Fund is a major feature of this effort,” said Christopher Cummock, Co-Founder, and Chief Compliance Officer. “We are pleased by the support from our backers in the VB token sale, and look forward to continuing to build out our platform and fund offerings.”

Built on the Stellar platform, Vaultbank Exchange offers lightning-fast transaction times at a fraction of the cost of other exchanges. While many exchanges have come under scrutiny for providing insufficient security protocols, Vaultbank has been engineered to provide enhanced security via compulsory triple-factor authentication. Vaultbank further mitigates security risks inherent in other centralized exchanges by providing traders total control over their private keys.

Vaultbank board of directors includes former BlackRock CIO Ken Kroner, former Third Point Capital partner Keri Findley, former MasterCard Head of Digital Commerce (MEA) Aaron Oliver, Gyft co-founder CJ MacDonald, and former Bank of America Managing Director Mike Gay.

Australian AgTech startup BlockGrain seeks $25 million via token sale

BlockGrain, an Australian agriculture and blockchain technology startup, is giving everyday people the opportunity to get a slice ofa new software solution that is set to revolutionise the global food supply chain.

The Queensland-based startup is launching Australia’s first agricultural token sale later this month and is looking to raise AUD$25 million, which will be used to accelerate the development of its AgTech product offering and expand market presence. It has already raised AUD$3.5 million privately, attracting investors in Australia and internationally.

Unlike other public token sales with high minimum investments, BlockGrain is encouraging interested parties to participate in the project for as little as AUD$500 or 0.5 Ethereum (ETH).

Founded in 2015, BlockGrain is a simple to use software solution that allows farmers, brokers and logistic companies to track grain at harvest and through the supply chain to consumers. It also enables farmers to create, manage and track commodity contracts, including invoices, payments and inventory, in a single, mobile application.

BlockGrain is the culmination of two years of design, development, testing and refinement. Its minimum viable product (MVP) has been trialled and used in the local agriculture industry for two harvests, enabling leading grain brokers such as Brad Knight from GeoCommodities to manage and control their grain stock. In 2017, the startup signed RiseAgri, Australia’s largest group of independent grain brokers, as its first major client.

Caile Ditterich, CEO and co-founder of BlockGrain, said that being a fifth-generation farmer from Victoria with 15 years’ of grains industry experience up his sleeve made him acutely aware of the problems facing the agriculture community.

“In the past, if you talked to any farmer, they’d usually say their biggest challenges came down to the weather and bulk commodity prices.

“Today, bearing in mind how quickly digital technologies are disrupting various industries, the concerns of farmers have become far more complex. Their challenges include managing business critical data and cash flow, gaining trust of consumers about the origins for their food, and dealing with complexities of the supply chain, costing famers 30 per cent of their bottom line.

“BlockGrain was created by farmers for farmers, and with a mission to solve these real-life problems. Whether you own a family farm in regional Queensland or simply diversifying your investment portfolio with crypto assets, our upcoming public token sale is an exciting opportunity to contribute to the potential solutions to these problems.”

Funds from the public token sale will be used to add new features to the existing product, allowing BlockGrain to expand beyond the grains industry to fruit, vegetable, wool and livestock markets in Australia and Internationally.

The startup is also looking to leverage the power of blockchain technology to enhance supply chain tracking and automation, improve information and data, de-risk contracts and provide proof of origin.

BlockGrain received AUD$95,000 from the Queensland Government’s Ignite Ideas Fund last year to help fast-track the development of its platform.

RISE accelerates blockchain with TypeScript core launch to mainnet

Today, RISE VISION PLC has announced that their Typescript core 1.0.0 has released to mainnet. RISE (token symbol RISE) offers a platform for decentralised applications powered by a community driven Delegated Proof of Stake (DPoS) blockchain.

Late last year, RISE CTO Andrea B., undertook the task to completely rewrite the hybrid code that created the initial RISE blockchain in TypeScript. TypeScript is an open-source programming language developed and maintained by Microsoft and it is typically used for large web development projects.

RISE

RISE Vision PLC (token symbol RISE) is an ecosystem for developers, offering a platform for the development of decentralised applications powered by a community driven Delegated Proof of Stake (DPoS) blockchain.


RISE DPoS is a network of connected peers, also called nodes, that secure the network. However, only the elected 101 Delegates can earn RISE block rewards. Delegates are elected by the RISE community who cast their votes by staking and voting with their RISE wallets. The vote weight of each wallet is in proportion to the amount of RISE it contains.

The objective for converting the entire codebase into TypeScript was to accelerate maintainable and flexible code for future development of core enhancement, such as:

  • Scaling transactions per second on the RISE blockchain
  • Introducing more flexible dynamic fees
  • Overall reduction of bug fixes to increase performance

“The roll out of our TypeScript mainnet gives us great momentum to continue building a truly community driven, scalable platform for DAPP development.” – Andrea B., CTO.

On the subject of security, which is incredibly important in the blockchain and cryptocurrency industry, Andrea added “Next we’ll spend some time integrating the RISE blockchain into one of the most used and secure hardware wallets: Ledger Nano S!”

Earlier this year, RISE VISION PLC incorporated in blockchain friendly Gibraltar and hopes to ride the wave of supportive regulation and technological innovation. Through building out a Typescript based blockchain and developer tools in multiple programming languages, RISE will offer flexibility for the wider developer community in the future. Powering the RISE platform is a Delegated Proof of Stake consensus algorithm which is the one of the most environmentally friendly protocols available and thrives on greater decentralisation by allowing the community to vote for block producers.

 

æternity launches “House of Blockchain” coworking space for startups in Liechtenstein

æternity, the blockchain 3.0 platform designed to deliver unmatched efficiency, transparent governance, and global scalability, today announced the launch of Liechtenstein’s House of Blockchain, a co-working space that supports projects developing decentralized applications with guidance and support from industry experts.

Commenting on the launch, æternity Founder Yanislav Malahov said, “We are thrilled to officially launch Liechtenstein’s House of Blockchain and sincerely look forward to watching numerous projects come to life under the one roof. Today’s announcement is another important step in our mission to become the enablers of innovation, helping to extend the reach of blockchain technology both in Liechtenstein and on a global stage.”

“A blockchain-friendly environment with swift and direct contact with regulators, Liechtenstein is an ideal location for our House of Blockchain and we hope this initiative attracts further blockchain-focused businesses that aim to scale a successful project without being hindered by administration or regulation,” added Malahov.

With a variety of members, the House of Blockchain will be a hub for cross-sectoral collaboration, showcasing blockchain’s far-reaching potential to bring heightened efficiency and transparency to a wide variety of industries.

Thomas Nägele, Attorney at Law at NÄGELE Attorneys at Law LLC said, “The House of Blockchain is the ideal place for our law firm. We strongly believe that being part of the blockchain ecosystem allows us to interact and understand the specific needs of the community.”

Sascha Ragtschaa, CEO and Co-Founder of Chainium said, “We’re delighted to open our new HQ in the House of Blockchain and work closely with our friends at æternity. Chainium is reinventing the global equity market by building the world’s first dual blockchain equities network – directly connecting business owners and investors by cutting out the middlemen. So, working in close proximity with other blockchain businesses, like æternity, is incredibly beneficial.”

Founded in 2016 by Yanislav Malahov, the “Godfather” of Ethereum, æternity is designed to deliver unmatched productivity, transparent governance, and global scalability. A next-generation open-source, public blockchain built to support a global user base, æternity can handle large volumes of value transfers and decentralized applications in parallel.

 

Nixon Peabody LLP joins Wall Street Blockchain Alliance

The Wall Street Blockchain Alliance (WSBA), an industry leading non-profit trade association with a mission to guide and promote comprehensive adoption of blockchain technology around the world, is proud to announce that the global law firm of Nixon Peabody LLP has joined the organization as a corporate member.

“We are very pleased to have Nixon Peabody join the family of WSBA corporate members,” added Ron Quaranta, Chairman of the WSBA. “As a leading global law practice, Nixon Peabody is at the forefront of blockchain and cryptoasset adoption across worldwide markets. We look forward to collaborating with the firm and working with them as part of our Legal Working Group, as we explore and define the legal implications of blockchain, ICO’s, cryptoassets and more.”

“Blockchain is revolutionizing the way the marketplace conducts business,” said Eric Paley, a member of Nixon Peabody’s Blockchain Technology and Digital Assets team. “Our team leverages its global strengths in practice areas such as securities, private fund formation, cross-border transactions, energy, real estate, health care and privacy, and intellectual property to help companies create, integrate and understand these technologies to advance their business goals and remain relevant competitors in the future.”

Nixon Peabody LLP

At Nixon Peabody, we see 21st century law as a tool to help shape our clients’ futures. We are constantly thinking about what is important to our clients now and next so we can foresee obstacles and opportunities in their space and smooth the way. We work together to handle complex challenges in litigation, real estate, corporate law, intellectual property and finance anywhere in the world.

TenX adds LTC to wallet, partners with Litecoin Foundation

TenX, a blockchain pioneer that makes multiple cryptocurrencies instantly spendable in everyday life, today announced that it has added Litecoin (LTC) to TenX Mobile Wallet for both iOS and Android.

The TenX payment system includes TenX Mobile Wallet (available on iOS and Android) that can be funded with different virtual currencies and TenX debit card, which can be used in almost 200 countries at over 36 million points of acceptance online and offline.

Created by Charlie Lee in 2011, Litecoin is a transaction-friendly cryptocurrency that is commonly thought of as the “silver” to Bitcoin’s gold. Litecoin has some key technical differences to Bitcoin that make it the premier cryptocurrency for payments, namely its faster transaction speeds and cheaper fees.

“Litecoin was integrated a little over a week ago without an immediate announcement, which allowed for a slower adoption rate while we are finalising live testing. Going forward this will be our process for new coin integrations to ensure both stability and wide availability.”

Dr. Julian Hosp, Co-Founder & President of TenX

TenX was also excited to announce a new partnership with the Litecoin Foundation to introduce a co-branded card.

The Litecoin Foundation is a Singapore-based non-profit organization, which mission is to advance Litecoin for the good of society by developing and promoting state-of-the-art blockchain technologies.

“We hope to become the preferred payment platform for fans and owners of Litecoin, and cannot wait to see them use our wallet and join the revolution!” added Dr. Hosp.

“A TenX Litecoin debit card makes it easy for people to spend Litecoins. And it’s a great stepping stone towards paying with Litecoin directly.”, said Charlie Lee, the creator of Litecoin.

 

Digix and Request Network team to enable invoicing in gold

Digix, an asset tokenisation company that aims to bring crypto gold onto the Ethereum blockchain in a fully transparent and secure manner, and Request Network, a decentralised payments network for users anywhere in the world, have announced a partnership that will soon see gold-backed Digix gold (DGX) tokens available as an option for invoicing on the Request Network.

Users on the Request Network ecosystem will be able to request for invoices to be paid in DGX tokens. Such a partnership is timely, as DGX 2.0 has just gone live for purchasing on Sunday, April 8th.

Having gold-backed tokens available as an invoicing option allows users to receive payment in a stablecoin whose value is not subject to the wild volatilities of the cryptocurrency world or to foreign exchange fluctuations.

DGX tokens are backed by 99.99% gold cast bars from London Bullion Market Association (LBMA)-approved refiners on a 1:1 basis, where 1 token is backed by 1 gram of gold. DGX tokens can be tracked on Etherscan.

As DGX tokens become increasingly integrated into many different platforms, Digix is confident that this attests to the opportunities for a stablecoin that is backed by a physical and tangible asset. While the financial services industry continues to witness unparalleled interest in blockchain technology, asset-backed tokens such as DGX tokens are likely to witness a growth of platform users and token holders who want to invest in or hedge against any volatility through a safe haven asset.

Request Network is a decentralised payments network built on the Ethereum blockchain that allows users anywhere in the world to request payments, without the need for third party involvement and third party transaction fees. It is designed to be currency agnostic and able to integrate ERC20 tokens into its platform.

Digix is an asset tokenisation company with an aim of tokenizing real world assets through several proprietary technologies, such as the Proof of Provenance (PoP) protocol which ensures the legitimacy and transparency of the process through which gold bullion is represented as digital assets. Digix is incorporated in Singapore and was the first company in the world to launch a crowdsale on the Ethereum blockchain in early 2016.