Crypto exchange Binance buys Trust Wallet in first acquisition deal

Binance, the world’s largest crypto exchange based on volume, has made its first acquisition after it snapped up mobile wallet company Trust Wallet.

The deal is undisclosed, but Binance confirmed to TechCrunch that the compensation is a mixture of cash, Binance stock and a portion of its BNB token. U.S.-based Trust Wallet will remain independent following the deal, but Binance, which is headquartered in Malta these days, will assist running the admin side of the business and in non-technical areas like marketing.

“The Trust Wallet team shares the same values as us and the products are very complementary,” Binance CEO Changpeng “CZ” Zhao told TechCrunch in an interview. “For users who like to withdraw funds into a wallet now we have a product they can use.

“We plan to keep the app as independent as possible. There will be more features going into it but not so much from a Binance demand perspective. We are like the addition of a godfather for the baby… there’ll be some cooperation,” he added.

Trust Wallet may not be as well known as wallets such as Imtoken, Delta, or Blockfolio, but Zhao called the company a “diamond in the dirt” with “strong technical skills.”

“They haven’t done much marketing which is where we can help. They are strong technically but don’t like doing marketing, HR etc… now merging with us they don’t have to worry about money,” he added.

Money is, indeed, not a huge issue for Binance these days. The company made a profit in the region of $450-$500 million (dependent on token prices) from its first year of operations. That’s according to figures from the company, which uses 20 percent of its quarterly profits to buy back and ‘burn’ its BNB token.

(Left to right) Binance CEO Changpeng Zhao and Trust Wallet founder Viktor Radchenko

Indeed, Trust Wallet did hold an ICO to raise capital but last month it decided to cancel the sale and return money to its investors.

Trust Wallet founder Viktor Radchenko, who is based in Mountain View, told TechCrunch that the decision was about getting back to developing the app and technology.

“I’m a product person and developer. I spend my time thinking about solving problems for the end-user. I never liked dealing with investors and money people, it is so much hassle,” he said. “Having resources will help us grow quicker and so I can focus on adaption for the users that don’t even have wallets.”

Radchenko said he is now setting his sights on growing the team from five developers right now to 10. The app is currently focused on Ethereum and Ethereum-based tokens, but the plan is to add support for other blockchains including Bitcoin, EOS, NEO.

Trust Wallet will also be one of a number default wallets supported by Binance’s upcoming decentralized exchange, which will remove the shackles of a decentralized exchange and allow users to trade directly with one another. Zhao said the highly-anticipated project is in “active development” although he was hesitant to put a date on when it will be ready.

This Trust Wallet deal is likely the first of many strategic acquisitions for Binance. The company announced plans for a $1 billion fund this summer, and Zhao said that the intention is to make 10-20 investments per year but also augment that with three to four strategic.

“We’re looking for strong tech teams,” he explained. “Acquisition will be a very key component to continuing to grow and contributing to this industry.”

Zhao said that Binance had considered buying companies to accelerate the development of its decentralized exchange, but it wasn’t able to identify the right match.

“Our requirements are very specific, we are looking for speed, there’s no need for fancy smart contracts,” he explained. “We didn’t find the right match for an acquisition [but are] still very open to someone who makes an ultra-fast blockchain.”

Note: The author owns a small amount of cryptocurrency. Enough to gain an understanding, not enough to change a life.

Kik launches beta product after $100 million ICO

Kik made waves last year after a successful $100 million ICO. Now the company has released its first beta product related to its Kin token. Called Kinit, it’s a simple wallet that enables users to earn, store, and spend its tokens.

“Kinit is a fun, easy way to earn Kin, a new cryptocurrency made for your digital life. Earning Kin is just like playing a game, only better, because you get rewarded for completing fun daily activities like surveys, quizzes, interactive videos and more,” reads the Google Play Store description. You can download the app for Android here.

The Kin token is unique for a few reasons. First it is not a traditional ERC-20 token and is instead uses Ethereum for liquidity and the on the Stellar network to improve transaction speed. Further, the company is spending a great deal – about $3 million – to get developers to develop on the token through its KinEcosystem site. The Kinit app is the first effort to get normal users to adopt the tool.

The app makes it possible for users to generate a few dollars in value per day and then exchange those dollars for gift cards and perks. According to CCN, Kik has created a product without a business model and instead it wants to drive the adoption of the token through giveaways.

“Kinit is the first publicly available app dedicated to Kin. Our goal with Kinit is to get Kin into more consumers’ hands. It’s a major step towards making crypto truly consumer-friendly through fun and engaging experiences, and we plan to learn and iterate based on real-world user behavior. We’re excited to get even more people earning and spending Kin — all on the Kin Blockchain,” wrote Rod McLeod, Kik’s VP of communications. The app currently asks you to complete surveys in order to get discounts and gift card codes for products.

[gallery ids="1675786,1675785,1675788,1675787"]

With the rise of the product-less ICO it’s clear that Kik has the right idea. By encouraging usage they drive up the token price and token velocity and by launching a general beta full of cutesy imagery and text they are able to avoid the hard questions about developer adoption until far into the future. While the KinIt app is probably not what most Kin holders wanted to see, it’s at least an interim solution while the team builds out sturdier systems.

Bitcoin Cash Support is Now Live on Purse.io

Bitcoin Cash Support is Now Live on Purse.io

This week the well-known Purse.io, a firm that allows people to purchase items on Amazon and save 15 percent or more, has announced that Bitcoin Cash (BCH) support is now live. Furthermore, due to a partnership with the Bitcoin Cash Fund, the company is offering $10 cash back to Purse shoppers who shop and earn before the end of July.

Also read: Cryptocurrency Firm Circle Sees Institutional Interest Spike 30%

Purse.io Launches Full Bitcoin Cash Support

Bitcoin Cash Support is Now Live on Purse.io The firm Purse.io has officially announced full BCH integration due to the overwhelming requests from people asking the company to deploy more coin support. Purse says they have completed a major overhaul of the entire Purse experience, including a redesigned wallet that helps reduce fees.

“Our community has demanded more cryptocurrency choice and this is our first big step. To celebrate, we’ve partnered with the Bitcoin Cash Fund to rain cash on you all,” explains Jaqi Lenee the company’s product design leader.

We’ve built support for Bitcoin Cash [BCH], which is a great option for people who want to save more dough. Transaction fees on this network are currently cheaper and less volatile. Shoppers, simply fill your wallet with Bitcoin or Bitcoin Cash and start shopping. Earners, you’ll be able to pick which coin you’d like to earn before accepting an order. Choose wisely. (Or flip a coin?)    

Bitcoin Cash Support is Now Live on Purse.io

The Purse and Bitcoin Cash Fund Cashback Promotion

The ‘Cashback’ contest will offer $10 cash back for 1,000 shoppers until the end of July and $850 in prizes for top earners, explains Purse. Based on the number of BCH orders accounted for within that time period, there will be a 1st place reward for $500, 2nd place ($250), and 3rd place ($100). Purse details that the Cashback promotion will distribute contest rewards after deliveries are confirmed.

Bitcoin Cash Support is Now Live on Purse.io

Bitcoin Cash fans were excited to see that BCH is now integrated into Purse.io and even posted on some of the purchases they have been making since the launch. One Reddit user writes, “Just made my first purchase. It couldn’t be easier, and I will write a full review when I get my BCH.”

What do you think about Purse integrating bitcoin cash into their system? Let us know your thoughts on this subject in the comment section below.


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PR: Ingot Leads the Formation of Komorebi Alliance

Ingot Leads the Formation of Komorebi Alliance

This is a paid press release, which contains forward looking statements, and should be treated as advertising or promotional material. Bitcoin.com does not endorse nor support this product/service. Bitcoin.com is not responsible for or liable for any content, accuracy or quality within the press release.

It is no secret that the recent volatility in the market has been extreme with Bitcoin and Ethereum prices in freefall. Market participants are suffering losses but also given the opportunity to invest at lower prices to gain if the market pulls up.

Cryptocurrency investor Brian Kelly, states on CCN “Referring back to the basic rule of investing, Kelly noted that during a period in which the market is extremely bullish and optimistic, it is better to sell and eye a timely opportunity to enter and when the market is overly pessimistic, it is wise to look for a position to enter.”

Bitcoin originally was supposed to offer an efficient means of transferring money over the internet and is controlled by a decentralized network with a transparent set of rules, thus presenting an alternative to central bank controlled fiat money. Market participants changed from geeks and believers in Blockchain to funds and investors looking to make profit with the uptrend volatile market. This led people to ignore the primary function of Bitcoin which was to efficiently transfer money over the internet with no control from central banks.

This is affecting the whole markets including the new ICOs and tokens. New ICOs and tokens are simply being invested in to sell once listed and gain whatever discount rate the ICO is offering. Most of the time these tokens are tied to the price volatility and movement of Bitcoin and Ethereum. INGOT Coin has been studying the market carefully in order to develop in ways that separated from Bitcoin and Ethereum as well as their price volatility

INGOT Coin intends to foster building an interconnected global community of trust and cooperation on which the basis of honesty and transparency between its members exist. INGOT is well on its way in making a breakthrough in Crypto & financial markets by presenting a revolutionary gateway towards an all-inclusive environment. The vision and aim of INGOT is to provide the community with real Utility value whether Bitcoin was at a new low or high. To achieve that aim INGOT has partnered with multiple ICOs in order to provide numerous Utilities with an access from one platform. INGOT also does not base their coin on Ethereum or Bitcoin but rather on USD value.

The ICOs are all in different industries from Health to Financial services and E-commerce to Real Estate. INGOT Coin, GMEX-Group, BolttCoin, Modern Finance Chain (MFChain), SwachhCoin, Black.Insure, PlaceToRent (PTRT), Bineuro and Stella have all formed a unified front under one alliance. The group of ICOs along with GMEX plan to establish a single platform that will allow all their communities to use their utilities simultaneously. Furthermore, plans of enabling different discounts among each one of the ICOs is being discussed in order to give edge to all participants.

Providing all those different Utilities through one gateway will provide true value to the tokens and the end users. In giving real utility to different tokens and access from one point it is clear that the latter will be the value of the tokens and not the price and volatility of Bitcoin and Ethereum.

Ahmed Khawanky CMO at INGOT Coin
https://t.me/KomorebiAlliance
https://t.me/INGOTCoin

Contact Email Address
A.Khawanky@INGOTCoin.io
Supporting Link
www.INGOTCoin.io

This is a paid press release. Readers should do their own due diligence before taking any actions related to the promoted company or any of its affiliates or services. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release.

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PR: Bcshop.io Launches Ethereum Based E-Commerce and Payments Platform

Bcshop.io Launches Ethereum Based E-Commerce and Payments Platform

This is a paid press release, which contains forward looking statements, and should be treated as advertising or promotional material. Bitcoin.com does not endorse nor support this product/service. Bitcoin.com is not responsible for or liable for any content, accuracy or quality within the press release.

In rapidly developing blockchain industry the lack of useful dApps is a vivid stopping factor for cryptocurrency mass adoption. There are little to no ways to use BTC, ETH or other crypto except for investments or speculations. Targeting exactly this problem, BCShop.io releases the platform where Ethereum ecosystem is provided with real utility value. Being available in test network for months, the product is finally launched in main network at https://bcshop.io/.

The platform opens up great possibilities for cryptocurrency users to buy and sell goods and services with amazing benefits Ethereum blockchain provides. Focusing on digital products at the start, BCShop.io will be expanding to all areas of e-commerce and payments with cryptocurrency tech and regulation evolution.

Available without any software installation and registration, the platform utilizes user’s Ethereum wallet address as one’s unique identifier allowing to access all functions via one of the most popular methods: Trezor, Ledger, Metamask, Keystore and private keys are supported. With pleasurable user experience in mind, BCShop.io aims to become one stop solution for new age of blockchain powered e-commerce and payments.

“We are not cloning Amazon or E-Bay adding native cryptocurrency support. We are reinventing e-commerce and payments enhancing it with amazing opportunities blockchain technology has to offer. Today BCShop.io platform already supports automated business logic and incredibly low fees, smart escrow and unforgeable reputation system, decentralized exchange integration and flexible payment and pricing options. There are even more features to be implemented after initial launch.” States BCShop.io CEO and Founder Vladlen Manshin.

Made available thanks to successful token sale, the platform utilizes its native BCS token at full capacity by providing exclusive utility benefits to token holders. Functions implemented right from the start include 50% fee discount for merchants, cash back reward program for buyers as well as alternative to ETH payment option. Token purchase can be made right at the BCShop.io website due to seamless decentralized exchange integration.

As main network has been launched, heavily focused on development BCShop.io company is now looking for strategic partnerships to further promote cryptocurrency mass adoption. Strategic cooperation regarding enabling cross chain payments for goods and services, on-chain and off-chain private data management, alternative blockchains supports, stable coins support and global promotion to target audience is of very high priority. Business propositions are highly welcomed at bcshop@bcshop.io.

Supporting Link
https://bcshop.io/

This is a paid press release. Readers should do their own due diligence before taking any actions related to the promoted company or any of its affiliates or services. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release.

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Monero (XMR) Lead Helps to Launch New Tari Blockchain

Tari Blockchain

Monero (XMR) lead Riccardo Spagni, also known as “Fluffypony”, is joining forces with Dan Teree and Naveen Jain. Together, the trio is creating a brand new blockchain that will sell event tickets for the benefit of the event producers. The new venture is called the Tari Blockchain.

The Tari Blockchain

The point of this new blockchain, otherwise just known as Tari, is to cut out the middleman reports Fortune. It’s to ensure that the artist, or whoever is actually putting on the event or show, receives the majority of ticket sales.

Riccardo Spagni will ...

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PR: Ubcoin Market Receives Investment from Singapore-Based Amereus Group for the Expansion into the Asian Market

Ubcoin Market Receives Investment from Singapore-Based Amereus Group for the Expansion

This is a paid press release, which contains forward looking statements, and should be treated as advertising or promotional material. Bitcoin.com does not endorse nor support this product/service. Bitcoin.com is not responsible for or liable for any content, accuracy or quality within the press release.

A Singapore-based VC fund specializing in groundbreaking tech projects has become an investor in Ubank’s blockchain ecosystem for selling and buying real goods with cryptocurrency

Ubank, the leading mobile payments app in the Eastern Europe, announced that it has secured an undisclosed amount of funding from the Singapore-based VC fund Amereus Group for the further development of its peer-to-peer blockchain platform Ubcoin Market that would allow its users to acquire cryptocurrency in exchange for real goods and its promotion in the booming Asian market.

Amereus Group is an investment fund supporting innovative tech-enabled businesses in fintech, blockchain, IoT, e-commerce, cloud services, biomedicine, mobile Internet, EdTech, VR, and AR. The fund’s portfolio includes biotech companies Cleabridge Health and Liquidia, a crowdinvesting platform Capbridge, an online aggregator of logistic carriers for international cargo Deliver, and other projects.

“We are excited to announce our decision to support the development of Ubcoin Market and its expansion into the Asian market. Ubcoin Market will become an integral part of Ubank, an app that has been successfully operating in the Eastern Europe for more than 5 years now and that is pre-installed on all Fly and Samsung smartphones, which is particularly impressive considering that only 9% of all ICO projects have a working business and/or product prior to the start of their crowdfunding campaign,“ comments Rim Hosup, Director at Amereus Group. “Apart from that, Ubank has ensured that their blockchain product meets all KYC and AML requirements and has conducted due diligence and all the other procedures proving the stability, transparency, and legality of the company and its structure. It is another very important point that sets Ubcoin Market apart from the majority of ICO projects and that has naturally influenced our decision”.

Ubcoin Market utilizes blockchain technologies to create an easy-to-use tool that would solve problems of people wishing to enter the world of crypto investments in a hassle-free manner as well as of experienced blockchain market participants in need of a convenient method of spending their crypto wealth. The project is planning to start its expansion into the Asian market during the 2nd and 3d quarters of 2019. Ubcoin Market is going to conduct a detailed preparatory research of separate national markets in order to adjust their product development strategy for local cultures, and Ubcoin Market’s partnership with the Singapore-based Amereus Group will be highly valuable in that respect.

“Asia is the most promising market for the development of our business — we believe that it is in these countries that our product will be most popular. That’s why we are thrilled to become partners with the investment fund Amereus Group that is willing to provide a financial support as well as a deep insight into different national markets of the continent,” says Felix Khachatryan, CEO and one of the co-founders of Ubank and Ubcoin Market.

Amereus Group is the third major investment fund that has supported Ubank: in 2013, Ubank received an $8 million investment from Runa Capital and, in April 2018, an undisclosed amount of funding from Inventure Partners.

Ubcoin Market is open to collaboration with other investment funds and pools focused on the ICO market and encourages them to contact the project now, at the stage of its token sale, when the project’s partners are guaranteed especially favourable terms.

About Ubcoin Market
Ubcoin Market is a blockchain project developing a smart ecosystem for easily investing and exiting cryptocurrency by buying and selling goods and services. Ubcoin Market was founded by the same team that founded Ubank, the leading mobile payments app in Eastern Europe that, as of today, has 2.5 million active users , more than 16 million downloads around the world, and has been pre-installed by Samsung and Fly. To learn more about the vision and the structure of the project visit its website and read is whitepaper.

Contact Email Address
elena@lavender-pr.com
Supporting Link
https://ubcoin.io

This is a paid press release. Readers should do their own due diligence before taking any actions related to the promoted company or any of its affiliates or services. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release.

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Hanoi Prohibits Use of Cryptocurrencies in E-commerce Transactions

Hanoi Prohibits Use of Cryptocurrencies in E-commerce Transactions

The Hanoi Department of Industry and Trade has prohibited organizations and individuals involved in e-commerce business in the city from using bitcoin and other cryptocurrencies. This follows a directive signed by the country’s prime minister intended to strengthen the legal framework of cryptocurrencies.

Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space

Banning Crypto Use in E-commerce

The Hanoi Department of Industry and Trade announced on Saturday that it has sent document No. 1638 / SCT-QLTM to “organizations and individuals directly or indirectly related to e-commerce business in Hanoi [to] not use bitcoin and other virtual currencies (cryptocurrencies) to settle e-commerce transactions online.” Citing that if violations are detected, “they shall be strictly dealt with according to the provisions of the law,” the regulator wrote:

The Department of Industry and Trade requires organizations and individuals who are directly or indirectly involved in e-commerce business in Hanoi to strictly abide by the above-mentioned regulations and do not use bitcoin and other virtual currencies….in payment of e-commerce transactions, online purchases and sales, [and] payment [of] online services in contravention of Vietnamese law.

Vietnamese Law on Crypto

Hanoi Prohibits Use of Cryptocurrencies in E-commerce TransactionsCiting provisions of the government’s Decree No. 101/2012 / ND-CP on non-cash payment instruments, the document reiterates, “bitcoin and other similar virtual currencies are not legal means of payment in Vietnam; The issuance, supply, use of bitcoin and similar virtual currency is prohibited in Vietnam.”

Violations are subject to a “fine of between VND 150,000,000 [~US$6,608] and 200,000,000 [~$8,810] for individuals and for organizations with two times the fine level for personal,” the document emphasizes. Furthermore, as of January this year, issuing and using cryptocurrencies “may be subject to criminal prosecution.”

Hanoi Prohibits Use of Cryptocurrencies in E-commerce TransactionsLast week, the Vietnamese Prime Minister Nguyễn Xuân Phúc signed a directive to strengthen the management of activities related to bitcoin and other cryptocurrencies. This follows reports of the country’s “biggest digital money fraud in history,” which duped approximately 32,000 Vietnamese out of VNĐ15 trillion (~$658 million). The police are currently investigating the case.

Meanwhile, the Justice Ministry, the State Bank of Vietnam (SBV), and related agencies are working on the regulatory framework for cryptocurrencies. According to the Ho Chi Minh City Customs Department, the number of bitcoin mining rigs legally imported into the country has skyrocketed since last year, prompting the department to propose a ban on their imports. Earlier this year, the department revealed that, in the first three weeks of January, almost 8,000 mining rigs were legally imported into the city.

What do you think of Hanoi prohibiting the use of crypto for e-commerce transactions? Let us know in the comments section below.


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Bitcoin.com Store Reopens With New Bitcoin Cash Swag

Bitcoin.com Store Reopens With New Bitcoin Cash Swag

This week our team launched the newly designed Bitcoin.com Store after some prior construction and updates. Now the Bitcoin.com Store is open to the public once again with the hottest bitcoin cash merchandise and cryptocurrency swag available for purchase with BCH.

Also Read: Trading Cryptocurrencies Like a Boss Takes Time and Research

BCH Swag PLS

Do you like telling people that you are a cryptocurrency enthusiast? Maybe they can learn about the innovative technology by asking you questions about the subject. One way to spark a conversation about digital currencies like Bitcoin Cash is by sporting a crypto-centric t-shirt, hat, or funky socks. One thing is for sure, the Bitcoin.com Store has more BCH merchandise than any e-commerce shop, along with cryptocurrency gear for all those special occasions.

Bitcoin.com Store Reopens With New Bitcoin Cash Swag

The Bitcoin.com Store has swag like hoodies, t-shirts, sweaters, and hats. Moreover, the shop also has a special edition ‘BCH Gang’ selection for those who support the bitcoin cash ecosystem. Additionally, the market has a ‘Classic Bitcoin’ collection as well with hats, hoodies and lightweight shirts. Just like the permissionless network bitcoin cash, our shop is happy to ship internationally, and we offer low shipping costs, strong privacy, and a secure online ordering process.

“We are a brand focused on creating quality, well-designed products that we want ourselves — Our products are made by cryptocurrency enthusiasts for cryptocurrency enthusiasts,” explains the shop’s team.  

If you are excited about technology and love the idea of decentralization, then the Bitcoin.com Store is the place for you.

Bitcoin.com Store Reopens With New Bitcoin Cash Swag

15% Off Your First Order

At Bitcoin.com we aim to encompass all things bitcoin-related and our store is another addition to our vast array of services. Our web portal also offers wallets, charts, news, blockchain tools, educational resources, an uncensored forum, and so much more. The Bitcoin.com Store aims to please both cryptocurrency newbs and veterans alike with the coolest ‘merch’ and digital currency gear.

Cryptocurrency-focused goods can be purchased in a matter of minutes with the decentralized digital asset bitcoin cash.  If you don’t have a bitcoin wallet yet, you can download our official Bitcoin.com Wallet. Our readers here at news.Bitcoin.com can enter the code ‘BCHPLS’ for 15 percent off your first order.

What do you think about the Bitcoin.com Store? Let us know in the comments below.


Images via Shutterstock, and Bitcoin.com.


Save 15% on your first order today at the Bitcoin.com Store! Just type ‘BCHPLS‘ to save at checkout.

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Everledger’s Kemp and Omise’s Hasegawa join TC Blockchain

Blockchain technology and the decentralizing effects of distributed ledgers have enormous amounts of potential and may mean the Internet will never be the same again. The fact that one could eventually run vast applications without any servers is equally transformational. But it’s still very much a wild west out there in terms of ascertaining who is working on ‘the real deal’.

The blockchain world is currently weighed down with the expectations of dubious crypto-currency speculators and sky-high ICOs and hacks that are interfering with a frank conversation about the future.

Which is why TechCrunch has decided to throw its hat into the ring and try to bring together the leading players in the space for a frank discussion and inquiry into this next phase in Zug, Switzerland, this July.

At TC Sessions: Blockchain 2018, TechCrunch’s editors will bring together top figures in the blockchain technology world to discuss how and where blockchain technology is going to disrupt the status quo.

We’re delighted to announce that Jun Hasegawa, CEO / Founder of Omise, a multinational payments company currently present in Thailand (HQ), Japan, Singapore and Indonesia that has raised over $50M in funding.

In 2015, his desire to push the boundaries led Omise to become the very first financial services company to join the Ethereum community. In 2017, after over a year of research and development, this culminated in the launch of OmiseGO, the crowd-funded blockchain division tasked with creating the OMG network. This is an Ethereum-based public blockchain with the ambitious vision of enabling financial service equity by radically decentralizing value transfer and exchange.

Prior to founding payments Omise, Jun was involved in founding a series of tech companies in Japan mainly in the fields of e-commerce, lifelog and mobile payments and is currently based in Bangkok.

We’ll also be joined by one of the leading proponents of blockchain tech to track the provenance of real-world objects.

Leanne Kemp, is Founder & CEO of Everledger – a digital, global ledger that tracks and protects items of value.

Using her knowledge of emerging technologies, business, jewelry and insurance, Everledger is aiming at a new kind of global transparency for luxury, constructing a digital verification system that assists in the reduction of fraud, black markets, and trafficking.

Everledger was recently named Best Blockchain Company at the Financial Tech Awards 2016, Best Newcomer at the Asia Insurance Technology Awards 2016, Innovator of the Year at the Penrose Awards, and Best B2B Start-up at the Digital Top 50 Awards.

TC Sessions: Blockchain 2018 is being built on the hugely successful Disrupt San Francisco 2017 event, which included discussions on blockchain startups, cryptocurrency and ICOs with guests such as Ethereum creator Vitalik Buterin .

But why is it in Zug, Switzerland?

Well, Zug has become known as “Crypto Valley” because of the numerous blockchain companies that have moved there to capitalize on the canton’s forward-thinking approach to regulation and favorable tax approach for cutting-edge projects.

As well as the above speakers we’ll also be joined by Brian Behlendorf, the executive director of the Hyperledger project, an open source, collaborative effort advancing blockchain technologies in areas like marketplaces, data-sharing networks, micro-currencies and decentralized digital communities.

At the event we’ll be covering how decentralization will impact the internet and web services today; how big businesses and enterprises are moving forward to tap the potential of the blockchain; what the future of financing through crypto and ICOs might look like; and the important technological breakthroughs and challenges facing blockchain.

More speakers are due to be announced in the coming weeks and months, but you can already buy a ticket here.

If you’re interested in sponsoring or exhibiting at this event, contact us here.

Openbazaar Raises $5M from Investors Including Bitmain

Openbazaar Raises $5M from Investors Including Bitmain

On Tuesday, March 13, OB1, the company building the cryptocurrency-centric marketplace Openbazaar, has announced it has raised $5 million USD in a recent series A funding round. According to the startup, Omers Ventures and Bitmain Technologies were the lead investors in the funding round for the e-commerce marketplace.

Also Read: Survey Finds South Korean Youth the Most Active Crypto-Investors

Omer Ventures and Bitmain Lead the $5M Series A Funding Round for OB1

Openbazaar Raises $5M from Investors Including BitmainOpenbazaar is an open source project that has built a platform that facilitates cryptocurrency infused e-commerce transactions. OB1 has launched the Openbazaar platform with its first release back in April of 2016. Since then the protocol has added many additions like a marketplace wallet, Tor integration, and enabling purchases with bitcoin cash and zcash. Over the past few years, over $4 million in venture capital has been injected into the project. Now, this week OB1 reveals it has raised another $5 million from prior investors like Andreessen Horowitz, Union Square Ventures, and the Digital Currency Group. Moreover, this series funding was led by Omers Ventures and the mining giant Bitmain Technologies.

OB1’s CEO Brian Hoffman says the team is pleased to partner with Omers and Bitmain and hopes the two large firms will help bolster “the future of free trade on the Internet worldwide.” Hoffman explains during the announcement:

Our goal is to see the Openbazaar protocol and software empower business owners and consumers alike to shift away from the corporate-controlled legacy systems and engage in e-commerce in a free, fair and independent way.

Openbazaar Raises $5M from Investors Including Bitmain

Trading Expansion and an Openbazaar Mobile Platform

The company says it plans to continue expanding Openbazaar in order to give users more flexibility to buy and sell goods in a decentralized manner. This year the OB1 development team plans to release a mobile version of Openbazaar and offer new ways to trade in a peer-to-peer fashion.

“Such as making requests and buying and selling cryptocurrencies,” explains the company. “OB1 is also expanding the services it offers to users on OpenBazaar, such as the Verified Moderators program, released this week.”

The funding news follows the development teams recent multi-currency integration and the increase of 25,000 Openbazaar nodes. Alongside the recent announcement of the Openbazaar token (OBT) which will be based on the ethereum blockchain and aims to process smart contracts within the marketplace environment.

What do you think about Openbazaar raising $5M USD from Omer, Bitmain, and others? Let us know what you think in the comments below.    


Images via Shutterstock, Bitmain, Omers Ventures, and Bitmain.


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E-Commerce Giant Rakuten to Launch Cryptocurrency Rewards Program

The post E-Commerce Giant Rakuten to Launch Cryptocurrency Rewards Program appeared first on CCN

Leading Japanese e-commerce platform Rakuten will transition its rewards program to a blockchain-based system featuring a company-developed cryptocurrency. E-Commerce Giant Rakuten to Launch Cryptocurrency-Based Rewards Program Rakuten CEO Hiroshi “Mickey” Mikitani made this announcement at the Mobile World Congress in Barcelona, according to a TechCrunch report, explaining that the token would be called Rakuten Coin. … Continued

The post E-Commerce Giant Rakuten to Launch Cryptocurrency Rewards Program appeared first on CCN