Source : Pundi X ICO Backed by Angel Investors including NEM President & OmiseGo Investor Pundi X, a blockchain startup that aims to make cryptocurrencies an enabler of ubiquitous cashless payment environments across South East Asia, is pleased to announce several key appointments to strengthen its roster of angel investors and advisers including Professor David Lee Kuo Chen, a Stanford scholar and angel investor in OmiseGo and Kyber; Lon Wong, NEM Foundation founder and president; and Kenneth Oh, senior partner at law firm Dentons Rodyk and TenX advisor. “We are very fortunate to have new active investors with experience in the development of some of the most successful blockchain ventures to date including NEM, OmiseGo, Kyber and TenX,” said Zac Cheah, CEO of Pundi X. “Having them on board is a testament to the potential for Pundi X to reach the goal of bringing cryptocurrencies and services to the next billion people across Asia and beyond.” Professor David Lee is often credited as a driving force behind OmiseGo’s record ICO that sold out before it had even started. He is a visiting Fulbright Scholar (2015) at Stanford University and Professor for Fintech and Blockchain at SUSS. In addition to starting several companies, he is an active cryptocurrency and digital finance scholar, speaker, advisor and investor. Professor Lee’s previous investments include ZCash, Qtum, TenX, InfoCorp, Cybex, Netki, Bloq, HelloGold, Scry and Stack. Lon Wong oversees the development and strategic growth of the NEM.io Foundation which was created for the promotion, adoption and support of NEM blockchain technology around the world. This open source technology utilizes advanced cryptography to execute transactions that can be used by both private and public enterprises. NEM’s native cryptocurrency, XEM, is ranked in the global top 10 by market cap, according to Coinmarketcap.com. Kenneth Oh is a senior partner in the Dentons Rodyk and Davidson corporate legal practice in Singapore. He is also a partner in the firm’s China and Indonesia practices, advising companies such as TenX on business structure and on legal, contractual, tax, intellectual property, corporate finance and regulatory aspects of their cryptocurrency token sale. Pundi X aims to solve the last mile challenge for access to reliable and trusted financial services for the next billion by enabling wide cryptocurrency adoption thanks to their POS smart device. The Pundi X POS (Point of Sale) device enables anybody to buy, sell and use cryptocurrencies to pay for goods and services in retail stores as well as to access financial services, making them available to the large “unbanked” population in developing markets for the first time. Pundi X will first deploy the POS device in Indonesia by building on the company’s existing Pundi-Pundi business model of cashless payment systems, which enables smartphone users to scan QR codes and makes instant payments in retail and restaurant outlets. Pundi-Pundi has already signed up more than 100,000 users and over 500 merchant partners in Jakarta in less than a year of operation. About Pundi X Pundi X is a blockchain …
Source : Coinsilium & UMT Team Up to Explore Blockchain B2C Mobile Payments Solution Blockchain-focused venture builder and investor Coinsilium Group Limited (NEX:COIN) is teaming up with another company to address a growing sector of the fintech space. Focusing on mobile payments, the firm signed a Memorandum of Understanding with German XETRA-listed UMT United Mobility Technology AG. Join the industry’s gathering! The agreement between the firms is for a […] The post Coinsilium & UMT Team Up to Explore Blockchain B2C Mobile Payments Solution appeared first on Bitcoin Wiki.
Source : Hauser: Need to Ensure that ICOs Are Not the New Binary Options Professor Shmuel Hauser, Chairman of the Israel Securities Authority (ISA), is giving a speech right now about Initial Coin Offering (ICO) regulations at a fintech conference in Tel Aviv. Finance Magnates is reporting live from the event. “There’s a difference between blockchain technology in general, and cryptocurrencies and ICOs. Blockchain technology is here to stay […] The post Hauser: Need to Ensure that ICOs Are Not the New Binary Options appeared first on Bitcoin Wiki.
Source : German FinTech Company NAGA Group Wants to Raise 0M in an ICO [youtube https://www.youtube.com/watch?v=DsebJQelDJ8&w=640&h=390]NAGA Group, one of the most successful listed ventures in the forex industry, launches the first Blockchain-based ecosystem for trading virtual goods and financial instruments with its own NAGA Coins, and aims to raise $220 million in the upcoming ICO. The post German FinTech Company NAGA Group Wants to Raise $220M in an ICO appeared first on CoinSpeaker. Continue reading at Coinspeaker
Source : Tech Bureau’s mijin ‘2.0 Catapult’ to Integrate NEM Protocol Tokyo-based fintech and cryptocurrency solutions company Tech Bureau today opened applications for mijin’s 2.0 Catapult, a new blockchain integrating the NEM protocol to provide better performance for the enterprise. Developed by Tech Bureau, mijin is meant to meet versatile enterprise needs with its enhanced private blockchain. It uses the NEM protocol to create blockchain platforms […] The post Tech Bureau’s mijin ‘2.0 Catapult’ to Integrate NEM Protocol appeared first on Bitcoin Wiki.
Source : Sneak Peek into the first peer-2-peer Asset Management Platform for crypto currencies– Covesting Covesting, a fintech startup is creating a platform to bring copy-trading and professional asset management to the cryptocurrency world. Copy-trading has been wildly popular in traditional financial markets, but it has yet to be implemented in the crypto-industry. Professional and amateur cryptocurrency traders can create a “Model” where they allow other investors to “subscribe”. When […] The post Sneak Peek into the first peer-2-peer Asset Management Platform for crypto currencies– Covesting appeared first on Bitcoin Wiki.
Source : Sneak Peek into the first peer-2-peer Asset Management Platform for crypto currencies– Covesting Covesting, a fintech startup is creating a platform to bring copy-trading and professional asset management to the cryptocurrency world. Copy-trading has been wildly popular in traditional financial markets, but it has yet to be implemented in the crypto-industry. Professional and amateur cryptocurrency traders can create a “Model” where they allow other investors to “subscribe”. When […] The post Sneak Peek into the first peer-2-peer Asset Management Platform for crypto currencies– Covesting appeared first on The Bitcoin News – Leading Bitcoin and Crypto News since 2012.
Source : Sneak Peek into the first peer-2-peer Asset Management Platform for crypto currencies– Covesting Covesting, a fintech startup is creating a platform to bring copy-trading and professional asset management to the cryptocurrency world. Copy-trading has been wildly popular in traditional financial markets, but it has yet to be implemented in the crypto-industry. Professional and amateur cryptocurrency traders can create a “Model” where they allow other investors to “subscribe”. When investors subscribe to a Model, all the traders the Model Manager executes, are also performed in the account of the investor in real-time. The Covesting platform was built to monitor the performance of traders, allowing investors to evaluate the traders they subscribe to, and offers transparency and security to investors who are not comfortable trading cryptocurrency on their own. Exact details and screenshots of the platform have been limited until this week. Covesting released screenshots and details of how their platform will work on their Medium blog, giving investors and the crypto community some insight ahead of the MVP release coming in late November. A sneak peak at the Covesting platform’s dashboard gives unique insight on how the platforms main page where investors are able to track their historical performance, see the top coins they are invested in, view their transactions, as well as the latest feeds from Model Managers they are linked to. The Pre-ICO has been live for just over two weeks, and has been wildly successful despite very limited marketing. Over 100% of their goal has already been raised as they approach the 50% of the Pre-ICOs hard cap milestone. The presale is limited to only 5,000 ETH and will run until November 19th, or until the cap is reached. Over 1100 investors have taken the opportunity to participate in the Pre-ICO as many expect the MVP release prior to the public ICO to attract a lot of interest and drive prices higher. Covesting CEO Dmitrij Pruglo: “The MVP development phase has gone well in line with our expectations. We are creating a really cool product for investors and traders. By continuously adding features, building a strong community, and aggregating data, Covesting is about to become a leading blockchain based peer-2-peer asset management and trading platform for cryptocurrency markets.” A look at the Model Manager profile page allows us to see all the information that Covesting will present about each Model that is offered for subscription on the platform. A small profile about the trader, as well as detailed and filterable statistics on their past performance and current holdings is all displayed in a beautiful UI. Interested in learning more about the platform or participating in the pre-ICO? Visit covesting.io where you can access the full white-paper, see the brilliant team, and learn more details about the project roadmap. You can also find Covesting on social media: Telegram: https://t.me/covesting Facebook: https://www.facebook.com/covesting/ Twitter: https://twitter.com/covesting?lang=en Medium: https://medium.com/@Covesting The post Sneak Peek into the first peer-2-peer Asset Management Platform for crypto currencies– Covesting appeared first on NEWSBTC.
Source : India continues to shun cryptocurrency BTC and other cryptocurrencies is still shunned in India, and the country’s central bank is showing no sign that it will budge from its stance anytime soon. On Monday, Reserve Bank of India (RBI) Executive Director Ganesh Kumar told the audience at a Mumbai conference that the central bank “will not be using it [BTC] for any payments and settlements… though the technology underlying cryptocurrencies will not end.” RBI is infamous for continuously rejecting calls from the growing local bitcoin industry to recognize and license BTC trading in the country, telling traders that “dealing with virtual currencies will be doing so at their own risk.” Under the Payments and Settlement Systems Act of 2007, the central bank has the power to regulate the digital payments industry in India. For months now, the government has been reportedly deliberating on whether to create a regulatory framework for cryptocurrencies. That agenda, however, was overshadowed by a disagreement between the central and the Securities and Exchange Board of India (SEBI) over which body should regulate the cryptocurrencies. RBI considers BTC as security rather than currency, which means that it should regulated by SEBI. The central bank also proposed that the digital currency be traded as commodity derivatives, just like gold or silver, but the securities board rejected the proposal on grounds that BTC “cannot be classified as commodity derivatives as per extant legal provision.” Domestic digital currency exchanges Zebpay, Unocoin, Coinsecure and Searchtrade founded a self-regulatory watchdog, the Digital Asset and Blockchain Foundation of India (DABFI), this year to lobby the Indian government to be lenient on digital currency. The group is currently working with lawmakers to define a set of guidelines for cryptocurrency use and trading in the country. “We will do our best to continue with our efforts to educate the government about cryptocurrencies,” said Zebpay co-founder Sandeep Goenka, according to Quartz. “It can be useful for India by turning the country into a fintech hub, to increase financial inclusion, and there are several other benefits of it.” The post India continues to shun cryptocurrency appeared first on CoinGeek.