Wall Street Comes To Crypto Street, Bringing Financial Technologies To Cryptocurrency Markets, Alexander Kravets

CCN It was late Spring 2016 that Alexander Kravets first stumbled over cryptocurrency. Driving around looking for a real estate deal, a news item flashed up on his phone. It said that Ether had jumped from $80 to $130 in a matter of weeks. Intrigued Kravets had no idea what Ether was and so he rang around his friends, his trading friends, he even rang Deutsche bank but no one knew there either. ‘It was a seminal moment,’ recounts Kravets. ‘I started trading cryptocurrency the following week but it was painful. I mean it took a whole week to even open up a trading account.’ Why is this important? Well, Kravets’ early career reads a bit like The Wolf of Wall Street. While at college he got a part time job as a day trader. He got up at 6am, travelling ninety minutes to Flushing Queens outside New York and worked from 9am until 4pm, at which point he went to college not finishing until 10pm at night. This went on for some seven months with little or no success. He was threatened with firing, which as a student, did not bother him overmuch, until he got the hang of it and […]

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Why Hashgraph Could Replace The Blockchain – Dublin Meetup Sparks Interest

The first meetup for hashgraph enthusiasts in Dublin happened last night in the Bank of Ireland Workbench in Montrose. Ably fortified by pizza and coffee, approximately 20 people showed up to listen to Conor O’Higgins, content manager in Ireland for hashgraph. A show of hands at the start showed the audience was already aware of the technology with over half hailing from an engineering background. There were some cryptocurrency traders attending as well. Conor stepped through the interesting aspects of the technology, talking though the consensus algorithms, Byzantine Emperors and the gossip about gossip protocols. For more information on the technology visit this article. (November 29). Questions from the meetup concentrated on how hashgraph charged per transactions – looking at the mining approach from Blockchain. O’Higgins pointed out that currently, hashgraph is only deployed in private, permissioned-based networks. ‘Real use examples included CULedger,’ he explained, ‘which is a credit union consortium supported by the efforts of the Credit Union National Association (CUNA) and the Mountain West Credit Union Association (MWCUA).’ Other engineers present were familiar with the Credit Unions example. ‘It’s a situation where individual Credit Unions don’t know or trust each other but they need to transact,’ said one engineer. ‘Hashgraph offers the […]

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Will New SEC Regulation Shut Down ICOs? Munchee Forced To Abort ICO

CCN With $2billion raised in ICOs so far this year, it is not surprising that regulatory bodies are not only looking hard at the products and companies, but they are now starting to step in and test the veracity and legality of crypto fundraising. The U.S. Securities and Exchange Commission (SEC) recently formed a Cyber Unit to fulfil this task. Last month it filed fraud charges against PlexCoin and it also forced Munchee, a distributed restaurant review ecosystem on the blockchain, to abort its ICO. Earlier in the month, as a result of the SEC Cyber Unit’s warning to Munchee, the ICO was cancelled. It had only run for two days and had attracted 40 investors. On the Twitter account plans were been made to return funds as soon as possible as of November 2. Munchee had aimed to raise $15million to provide development, grow the management team and market the product. Now, the sale is stopped, investors refunded and despite tweets from November 2 saying the company hoped to relaunch the ICO, it has gone quiet; unless you count the filing of the ‘cease-and-desist’ papers by the SEC against Munchee yesterday. This action tallies with a statement made by […]

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The Difference Between A TGE And An ICO, Gabriele Giancola Explains More

CCN We find out more about loyalty programs on the Blockchain delivered by qiibee, a decentralized, Ethereum blockchain-based loyalty ecosystem. Its name, which is derived from qii for energy and bee for the one of the world’s most important insects, is not the only different thing about this company. It is also looking at a Token Generation Event (TGE) next year. A TGE is different from an ICO in legal terms according to co-founder and CEO Gabriele Giancola. Incorporated in Zug, the heart of the Crypto Valley outside Zurich, Giancola says that the Swiss like to keep things above board and that hosting a TGE is easier to run than an ICO and certainly it makes issues like regulation much more straightforward. Currently there is a hardcap of 70,000 ETH to be raised in Q2 of next year. The token is a qiibeePoint or QBX. qiibee is a classic example of a traditional technology solution pivoting onto the blockchain for two main reasons: scalable data capture and security. qiibee began life trying to solve the loyalty program platform. Giancola and his brother, both co founders, looked at the loyalty program space and saw a lot of problems. Loyalty Programs are […]

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The Crypto Valley Of Zug, Why Switzerland Is The Place To Be For Bitcoin, Ethereum And Blockchain Initiatives

CCN Coming to a city near you… At first glance it might seem an unusual choice for the hottest tech location in Europe, if not EMEA, but Zug, named for its fishing rights is both a town and canton in Switzerland and home to a little under 30,000 residents. It is an affluent area, a low tax region and a base for several multinational companies. In 2001, it first sparked to international recognition when a disgruntled gunman shot 15 people, including himself, in the Zug Cantonal Parliament in what became known as the Zug Massacre. This year, Zug was very much back in the news for quite different reasons. In January 2017 a not for profit organisation was formed: the Crypto Valley Association (CVA) headquartered in Zug and formed for the express purpose of attracting and supporting blockchain companies and organisations to Switzerland. Prior to the formal establishment of CVA, the Crypto Valley in Zug had been the brain child of Johann Grevers who based his cryptofinance startup Monetas in Zug in 2013. He outlined all sorts of positive reasons why Switzerland was attractive for blockchain companies and soon attracted broad support from numerous individuals, startups, corporates, service providers, industry […]

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Indorse – Spelling The End Of The Dishonest CV…

Just how do you know if what people claim in their CV is true? For a time, google seemed to deliver an endless source of data on other people. You could search for people online and see where they had worked. Then social media made it even easier to track people – or so it seemed. In the last few years prospective employees have been warned that when they attend interviews, the company looking to hire will include a trawl of their social media to see if what they say is true or to ascertain the calibre of the person. Of course there have already been cases where legal claims have been made against individuals abusing social media, but even harmless activities may be seen as detrimental to prospective employment. Applying to a company where the CEO is teetotal? Then perhaps don’t post those post party pictures on FB. Looking to work in a company that works in pet supplies? Perhaps posting pictures of you supporting the local hunt might not be so clever. The list is endless. However, while verifying your character online is one thing, verifying your career details is another. Most CVs have referees which a thorough […]

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Is Hashgraph The Solution To The Scaling Problems Faced By Bitcoin And Ethereum?

First published in CryptoCoin.News As Bitcoin and Ethereum continue to struggle with their scaling problems, an abundance of alternative high-throughput distributed ledgers are springing up, including EOS, IOTA, and many more. Hashgraph, developed by Swirlds, and hyped as one of the leading candidates to replace blockchain, has steadily being making ground in Dublin, albeit through a circuitous route. Conor O’Higgins, Public Relations Officer for Hashgraph in Dublin, had worked with Hashgraph co-founder Andrew Masanto back in 2008 in the world of digital marketing. They were not to meet again until O’Higgins visited Burning Man this year and bumped into his old friend. Burning Man is a hotbed of new thinking, and Masanto could not wait to introduce O’Higgins to the founder of Hashgraph, Dr Leemon Baird. “I’d used Bitcoin to pay for Burning Man, and was neck-deep in crypto, but I’d never heard of Hashgraph before,” says O’Higgins. “Andrew was eager for me to meet Leemon in San Francisco.” O’Higgins spent a day in San Francisco with the Hashgraph team, and was blown away by Dr Baird and the technology. He signed up there and then. O’Higgins is now masterminding the first Dublin meetup for Hashgraph enthusiasts, and is in […]

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Ireland Launches Crypto Coast Initiative For Blockchain Developers

First published in Cryptocoin.News Reuben Godfrey, co-founder of the Blockchain Association of Ireland, used a talk at the Monaco Growth Forum in London last night to launch a major new crypto initiative in Ireland. His new project, Crypto Coast Ireland, is a play to attract blockchain commerce and development not just to Dublin, but down the East Coast of Ireland. His message was that companies and crypto-centric entities can available of the same attractions offered in Dublin – but stretch further outside the high-cost city centre. ‘Ireland is a known destination for software development,’ Godfrey said. ‘Last year again we claimed the place of the second largest exporter of computer and IT services in the world. We are known as the heart of ICT in Europe. It is no mistake that nine out of the top ten ICT companies in the world are located in Ireland.’ The attraction of Ireland to ICT companies remains the same; highly skilled work force, English as a native language, proximity to both US and the rest of Europe, and attractive corporate rates. The predominance of global technology companies, including Google, Facebook and Twitter, means the workforce is technology ready and already upskilled. In addition, […]

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What have the pope, weapons of mass destruction and student protests have in common?

First published in CryptoCoin.News           Angel Versetti, CEO of Ambrosus featured, and helping to demonstrate what have the pope, weapons of mass destruction and student protests have in common? Why is he in the news? CEO of newly formed Ambrosus, a blockchain ecosystem to assure quality of products, and having signed a partnership with INS Ecosystem Most bizarre thing he has done? Lectured the Pope on blockchain in the Vatican Most unusual job?  Versetti’s first job in the UN was at the Department of Weapons of Mass Destruction, where he used satellite imagery and intelligence to find out where Americans and Russians were hiding their nuclear warheads Low tolerance of? Stupidity and Hypocrisy Interview: It’s not every day that a Russian-born, half Italian, Swiss resident quotes an Irish writer in interview.  Oscar Wilde to be exact and the quote is about common sense being remarkably uncommon. Angel Versetti uses the quote as a throwaway line in relation to madness that surrounds ICOs. ‘The ICO industry is a bit of a circus,’ he says. ‘Blockchain is an amazing technology but the early emphasis on changing the world has been overtaken by money.’ It might seem ironic that an entrepreneur in the […]

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Peter Fedchenkov, Disrupting The Global Grocery Marketplace, INS Ecosystem ICO Launches Dec 4th

First Published in CryptoCoin,News.com  Despite a very handsome CV littered with impressive names including Harvard Business School, Goldman Sachs and Baring Vostock Capital Partners, Peter Fedchenkov, founder of the INS Ecosystem, insists he is a grocer at heart and that the grocery trade is in his genes. His grandfather had a wholesale grocery business when, just after the collapse of the USSR in 1993, his retail distribution channels disappeared, As a result his grandfather was forced into selling groceries directly to consumers at small market stalls, Then he discovered the approach of placing ads in regional newspapers to sell goods directly to his customers; thereby creating an early mail-order grocery business where he no longer relied on the middle man. Four years ago Fedchenkov put his education and genes into practice, and co-founded Instamart in Moscow – an upgraded internet of things approach to his grandfather’s business. Today Instamart is the largest online grocery delivery business in Russia, with 100,000 orders processed every day. Instamart possesses no stock, warehouses or fleet but picks fresh produce to order from a number of key grocery outlets and ships it to the customer the same day. Compared to the UK where online food […]

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