PR – Startup XZEN Presents a Next-generation Hardware Crypto Wallet

Source : PR – Startup XZEN Presents a Next-generation Hardware Crypto Wallet Startup XZEN presented the first «smart» hardware cryptocurrency wallet designed to erase the boundaries between cryptocurrency and traditional financial worlds The banking sector faces rather hard times. A large amount of accumulated internal problems (such as high commissions, low level of yield, a great number of intermediaries, slow rate of transactions and high regulatory barriers) compel people to search for alternative options. For this very reason many people draw their attention to cryptocurrencies. No one knew about them just a while ago, but nowadays the world leaders discuss the idea of national cryptocurrencies. Financial transactions required a bank account earlier, but now the necessary condition is a cryptocurrency wallet. Just a few years ago there have been only 5 million wallets in the world; nowadays the number exceeds 20 million pieces. Any bank could envy such a growth of clients and balance. Merely Myetherwallet stores over USD 60 bln. If a comparable growth continues, the wallet could become the part of TOP-100 of the largest world banks in terms of assets. In the meantime, the cryptocurrency market encounters severe problems crippling its development. These include the issue of assets’ safety as well as low rate of involvement of cryptocurrencies into peoples’ daily life. As far as safety issue is concerned, over USD 1.8 bln in cryptocurrency has been stolen for the past 4 years. This matter scares away many potential users. As regards to the second problem, nowadays people mainly use cryptocurrency to generate speculative income. Its usage in a daily life is still heavily limited; at the same time cryptocurrency is a fundamentally effective means of payment and exchange. The international startup XZEN promises to resolve these problems and release the most functional and safe wallet for cryptocurrencies. According to the developers, the wallet by XZEN will be able to change the paradigm of personal finance management dramatically. It will allow simultaneous storage of both cryptocurrencies and traditional fiat currencies, which could be further used to pay for goods and services all over the world with the help of the integrated NFC chip. There is, though, something more to add. The developers say that the people in the future could use the wallet as a substitute for banks, since the device will comprise a great number of up-to-date financial services. For instance, the users will be able to convert the currencies within the wallet, invest into various ICO projects, obtain and provide credits as well as to perform instant transfers within the system with no commission. The wallet by XZEN is a combination of splendid modern design, functionality and the most advanced technologies. The wallet’s body will be made of high quality steel and impact-resistant glass, which will provide IP67 ingress protection. The wallet’s up-to-date technologies such as color LCD display, 3rd generation fingerprint sensor, Bluetooth 3.0 and NFC chip will ensure maximum usability and high level of security. The internal battery of 1100 mAh capacity will …

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After Rollercoaster Crypto Price Weekend, European Union Issues Two ICO Warnings

Source : After Rollercoaster Crypto Price Weekend, European Union Issues Two ICO Warnings European Securities and Markets Authority (ESMA) issued two same-day warnings concerning initial coin offerings (ICO) on 13 November after the preceding weekend was witness to dramatic swings in prices and volatility. One release is geared toward investors and the other is aimed at participating firms.  Also read: Israel Securities Authority Chairman Outlines Concerns Regarding ICOs ESMA Warns ICO Investors In what might be taken as a response to a rollercoaster weekend for cryptocurrency markets, where bitcoin cash traded places with ethereum, and bitcoin shed billions, ESMA has issued two same-day statements regarding ICOs. Dated 13 November 2017, ESMA50-157-829 focuses its attention on investors. “If you are considering investing in ICOs or have already done so, be aware of the many risks this may entail,” ESMA begins, “including the total loss of your investment. In particular, be aware that you will have no protection,” they note. ICOs are indeed largely unregulated in the traditional sense, having gained great traction this year as at least a tail in the price-comet that is bitcoin. “ESMA has observed a rapid growth,” they write, “and is concerned that investors may not realise the high risks that they are taking.” “ICOs are highly speculative investments,” and “depending on how they are structured, may fall outside of the regulated space, in which case investors do not benefit from the protection,” they reiterate. The regulatory arm is one of the three European Supervisory Authorities within the European System of Financial Supervisors bureaucracy. They continue, “ICOs are also vulnerable to fraud or illicit activities, owing to their anonymity and their capacity to raise large amounts of money in a short timeframe.” Risks include the above along with money laundering, losing one’s entire capital, lack of exit options and price volatility, inadequate access to information, and fundamental flaws in early, untested technologies, the body urges. “Virtually anyone who has access to the Internet can participate in an ICO,” they point out. ESMA Warns Participating ICO Firms ESMA50-157-828 is decidedly more stern in its tone. Issued the same day, it urges firms “to meet relevant regulatory requirements.” In a cat-and-mouse, near Orwellian turn of phrase, they argue, “If their activities constitute a regulated activity, firms have to comply with the relevant legislation and any failure to comply with the applicable rules would constitute a breach.” This might be very difficult for firms to ascertain, especially when the very same body refers to them as “unregulated.” Keen readers might ask, are such offerings regulated or not? Some clarification might be had in the following: “where the coins or tokens qualify as financial instruments it is likely that the firms involved in ICOs conduct regulated investment activities, such as placing, dealing in or advising on financial instruments or managing or marketing collective investment schemes,” the body details. These too seem rather broad and vague. The memorandum then sets out some basic guidelines for firms. A prospectus is urged among start-ups in the field, containing “necessary information which is material …

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<h1>Former CFTC Commissioner Offers Praise For Bitcoin Futures</h1>

Source : <h1>Former CFTC Commissioner Offers Praise For Bitcoin Futures</h1> To Bart Chilton, ex-commissioner of the Commodity Futures Trading Commission, bitcoin futures are a sign of appropriate regulation. As the financial world grants legitimacy to cryptocurrency, moderation of financial instruments will be necessary.

China Bans Bitcoin Mining? Rumors Fly as Notices Appear In Press

Source : China Bans Bitcoin Mining? Rumors Fly as Notices Appear In Press Chinese Bitcoin mining farms are reportedly receiving immediate cease and desist notices from authorities. Bitcoin Mining Now ‘Illegal’? Evidence surfacing on Twitter added to an article from local news outlet Caixing today, which stated electricity supplier in Szechuan province had said Bitcoin mining was now “illegal.” “Immediately stop supply power to bitcoin mining businesses upon receiving this notice,” a translated notice proclaiming the ban uploaded by 8btc and translated on Twitter states. If true, the wholesale halting of mining in China’s cheap energy hotspots would significantly degrade the country’s competitiveness, having previously issued a ban in both Bitcoin-to-fiat exchange and ICOs. Mining activities survived previous bans, with commentator Andreas Antonopoulos relaying how state-sponsored activities were ensuring the practice continued unhindered. While Caixin mentions “punishment” for nonconformity, it remains unclear as to how wide-ranging the scaling back of mining will be. Wu No-Show At Ethereum Classic Summit Reacting to the news, social media commentator WhalePanda suggested it was the reason Bitmain CEO Jihan Wu did not make a planned appearance on a mining panel at the Ethereum Classic Summit in Hong Kong today. I don’t know what % miners this affects, but it will mostly be miners that were switching over to BCash anyway. This in combination with competitors for Bitmain is great news for decentralization. — WhalePanda (@WhalePanda) November 14, 2017 Further responses were more mixed. Withdrawal of Chinese mining power could mean even slower processing of transactions in the short term, some fear, while others hoped a more permanent ban would result in increased decentralization of the mining process. China had controlled a huge swathe of mining power, despite recent attempts by rivals such as Russia to get in on the action. “Bad news short term (Bitcoin could be slow until next adjustment after 2 weeks) but this could mean more decentralisation. Is bad for Bcash that does not have miners out of China…,” a top Reddit comment reads. Bitcoin Cash, now known as BCash or BCH, is a top preoccupation of Wu, who potentially faces difficulties from regulatory changes. His predicament has already become a point of humor, especially given Bitcoin Cash’s highly controversial growth over the past five days. China: Sir, if you’re mining Bitcoin, we will increase your electric bill. Jihan: Uh.. it not Bitcoin, it called « BCash » — Brian (@Brain2000) November 14, 2017 Update: CnLedger has since reported that “mistakes” led to false assertions of illegality from the Szechuan-based electricity company. What do you think about notices appearing to ban Bitcoin mining in China? Let us know in the comments below! Images courtesy of Shutterstock, Twitter The post China Bans Bitcoin Mining? Rumors Fly as Notices Appear In Press appeared first on

Coinfirm, Leading Blockchain Regtech Company, Adds Citigroup, KPMG, Publicis Groupe and SAP veterans to the Advisory Board

Source : Coinfirm, Leading Blockchain Regtech Company, Adds Citigroup, KPMG, Publicis Groupe and SAP veterans to the Advisory Board Coinfirm, one of the leading companies operating around AML/CTF compliance and regtech in the blockchain space announced it has added deeper strength and experience to its ranks. The list of established advisory board members, working with the company for 6 months now include: Ruth Wandhofer, Global Managing Director at Citigroup, Regulatory, Market & Innovation Strategy. Julian Johnson, former Global Head of Sales and Executive Vice President in top enterprise software businesses such as SAP, Oracle or Microsoft Pawel Tomczuk, entrepreneur, and angel investor, founder of the largest strategic communications firm in Central Europe that was eventually sold to Publicis Groupe. Also as of the beginning of November, Pawel Tomczuk, took the position as the Chairman of Coinfirm. Among the new team members who joined Coinfirm’s advisory board are: Lee Byrne a regulatory veteran, who serves  as the International AML Advisor Harry Saito, former KPMG Executive Director and CEO of Tokyo International Consulting, who joins as Senior Advisor for Japan – the market with the most advanced adoption of cryptocurrencies. Both of them have been working with the company as consultants for over 3 months before joining the advisory board. Also, the team is joined by Ben Brophy, Delivery Director, and the former Head of the Innovation Hub at Royal Bank of Scotland and CEO of BlockLab, who advised organizations such as Euroclear on design, implementation, and launch of the blockchain based solution. “Each of the board members brings in unique insights into different layers of our organizations, which helps us to accelerate the process of becoming the global standard for AML in Cryptocurrencies,” said Pawel Kuskowski, CEO, and Founder of Coinfirm. As the Global MD of Regulatory and Market & Innovation at Citigroup, Ruth brings in over a decade of experience as a global executive at one of the world’s premier financial institutions. A leader in the regulatory space with particular knowledge and insight into blockchain applications, Ruth helps Coinfirm to accelerate the process of becoming the global standard for AML/CTF in the cryptocurrency space and speed up its adoption by regulators and financial institutions all over the world. “I am excited to support Coinfirm in the growing space of blockchain technology, where risk management, compliance and data analytics are the backbone for creating sound solutions and systems for the future.” said Ruth Wandhofer about joining Coinfirm’s Advisory Board. With 25 years experience in the technology market and executive roles at Oracle, Siebel, SAP, Microsoft, and Salesforce, Julian Johnson has implemented major software solutions all around the world and built an extensive career spanning several industries, including financial services, public sector, telecommunications and media, utilities, and energy. Now he’s bringing his experience to take Coinfirm into more major enterprises as he recognizes Coinfirm’s solution to be critical for driving blockchain and cryptocurrencies adoption into the mass market. Julian sees the big vision of Coinfirm being a bridge between cryptocurrencies and the …

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MasterCard’s Blockchain Adoption to Stimulate B2B Exchanges

Source : MasterCard’s Blockchain Adoption to Stimulate B2B Exchanges In October 2017, MasterCard began offering access to their blockchain technology as an alternative to conventional methods of transactions. The announcement came following the surge in cryptocurrency popularity this year. Digital currencies, such as Bitcoin, have been using the same technology as their framework since 2009. Mastercard and IBM MasterCard has been reportedly working on implementing blockchain into their existing infrastructure for a number of years. However, they are not the only major company adopting the technology. IBM was the first Fortune 500 company to announce that it had begun facilitating payments between banks over its proprietary blockchain in the South Pacific region. The company is currently limiting its blockchain access to merchants and banks as part of their pilot program. As with all companies hedging their bets on the technology, it is clear that they ultimately wish to expand its availability to the general public. But for now, only B2B companies can have a taste of MasterCard’s blockchain. Advantages of Blockchain Technology The use of blockchain, especially for transactions, comes with a host of advantages for both, the B2B world and financial institutions. Owing to its immutable and transparent nature, manipulating data on a blockchain is close to impossible. If data is changed on one of the nodes hosting the blockchain, every other node would have to reflect the same data for the change to take effect. Consequently, the protocol is hack resistant, which has been a growing problem for the systems currently in place. Since all transactions are logged on the blockchain itself, companies will have immediate access to this data in a simplified format. From there, audits and checks can be performed by companies effortlessly to ensure that they are complying with all relevant regulations. Boost B2B Exchanges Most of this technology is automated, so companies can benefit from reduced operating expenditures when transacting with other businesses or banks. Automation also brings speed along with it, which is also key for time sensitive B2B transactions. International transactions that are currently mired in long wait times and high fees, can be processed quickly, if not instantaneously. Instead of each B2B transaction passing through several hoops and verifying authorities, the blockchain can handle many of these at once. The implementation of this technology by finance behemoth’s has been notably different in the past. Each cryptocurrency has maintained its own blockchain ledger, that is, a record of all transactions since the currency came into existence. MasterCard doesn’t aim to create a competing currency that works the same way. Instead, they hope to integrate their blockchain with conventional fiat systems. By going down this route, they avoid the legal ramifications that come with cryptocurrencies while still keeping the ever-growing list of advantages. As more B2B companies embrace the blockchain, it won’t be long before it becomes the de facto method of transactions. Like most technologies, with progressively better adoption, it only stands to become better over time. Eventually, the platform will mature …

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Source : FemaleFounder.Org My partner Rebecca posted this to her Twitter yesterday: Excited to band together with a group of women that I’ve learned so much from to help women starting the next generation of breakout businesses. Female founders we’re so ready for you! Apply here: — Rebecca Kaden (@rebeccak46) November 13, 2017 is a group of women VC investors who are doing regular “office hours” to advise and mentor female founders. As they say “A community of women helping women” I know most of the women who are doing this and they are all great people, investors, and advisors. If you are a woman getting started on your startup journey, check out It’s a great initiative. USV TEAM POSTS:Albert Wenger — November 13, 2017Call Your Senators to Preserve Equity Compensation for Startups

The first blockchain gambling machine with unlimited bonuses announced

Source : The first blockchain gambling machine with unlimited bonuses announced platform announced the launch of production of SmartBox gambling machines working on Ethereum smart-contracts with the implementation of new game mechanics, interesting for traditional players. One of the main advantages of a new device is the possibility to receive unlimited bonuses not only from your own bets, but also from all subsequent bets made by other players. Transparency and honesty of this process are guaranteed by a smart-contract, which cannot be changed even by its owner, since the blockchain guarantees the permanence of data and the game code. This is a completely new solution in the gambling industry, which has no analogues in the market, in which smart-contracts algorithms will be used to implement the traditional slot machines game process. For the development of SmartBox software mechanics of already working game product SmartRoulette are used. This is European roulette, successfully launched by the platform at the beginning of the year, during ICO of which in just 3 days about $ 1,000,000 have been collected at the current exchange rate. To date, SmartRoulette is a provably fair game in which the game process and random number generation are completely transparent and managed by smart-contracts, thereby achieving such competitive advantages as complete immutability of game mechanics and provably random result generation. As an additional privilege, SmartRoulette users are given the right to become the platform co-owners and receive regular dividends from the project’s profit. RLT tokens are credited for each bet on the player’s account, and when tokens are accumulated, the player automatically begins to receive an interest on all active users’ bets. is one of the few blockchain projects, that in just six months of its existence fulfilled the submitted roadmap by 80%. 12 of the 15 tasks set at the very beginning of the platform launch, have been already done by the moment. The active platform development was slowed by the ETH rate growth, which led to the Ethereum network commission for processing one bet raise in price from several cents to several dollars. Thus, with an average profitability of roulette on smart-contracts from a single bet (transaction) of 2.7%, the network commission before the growth of ETH rate ranged from 0.5 to 0.8%, which made it possible to accumulate profits and charge each player with project tokens, guaranteeing profit from all bets. The ETH rate growth led to the fact that the Ethereum network commission grew to several dollars and amounted to more than 3% of the minimum bet. This made the game process unprofitable, because in order to maintain its profitability, it was necessary to raise the minimum bet to several hundred dollars, so that the network commission from the bet amount fell below 2%, which is completely beside the purpose, since players ready to make minimum bets of hundreds of dollars almost do not exist. The project team has always emphasized that they develop a solution not for advertising and pump, as it …

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What’s it like to be one of the best?

Source : What’s it like to be one of the best? This article will be dedicated to the presence of one of the youngest and most successful companies in the igaming industry, its participation in the international summit in Malta in the arena of gambling, namely SIGMA. Company Boss Gaming Studio exists in the market of gaming services for only 2 years, and during this time has already managed to prove itself through the implementation of several successful online projects, the development of its own platform and innovative solutions in operating both online and landbased. Catalina Lukianenko (Business Development director at Boss Gaming Studio) noted that the main idea and decision to attend SIGMA 2017 was the fact that this event includes not only an exhibition but also a host of accompanying conferences, official meetings, interactive sessions, and reports. “SIGMA’17 eventually became a platform that united on its territory not only affiliates, but also representatives from various industries. It is very important to meet on the summit many experts in operating, affiliates, investors, start-ups, regulators, representatives of payment systems, vendors. Our company is developing in several directions and thanks to our participation we will be able to significantly improve the communication between all of the above, with sharing our experience and getting experience of experts – in the future we will implement advanced services with the least expensive time part.”  Eman Pulis (Founder of SIGMA) comments on his approach in organizing the summit as follows: “WE believe the three distinct pillars – Affilaites, Operators, and Vendors are coming closer and closer together, thanks to this constant effort for consolidation. In addition, the barriers for an affiliate to become an operator on a white label today are non-existent. Couple this with the fact that the events calendar is overwhelming – we thought it pertinent to have an all-encompassing show.” Bossgs also noted that due to the fact that the summit is not taking place in a short period, but lasts almost a week, they have the opportunity to distribute themselves through the expo floor, conferences, actions with the reports of start-ups and attend official evening events, according to which the CEO of Bossgs, Viacheslav Viedienieiev, knows that all the further “magic of development of vital activity of the industry” takes place. “Having been engaged in gambling for more than 15 years, I’m convinced that any quality communication is developed in informal situations. The costume and tie is easily replaced with a cigar and a nice soul company … For people who really have something to discuss and what to focus on, what to share and what to advise. We are open for innovations, we are ready for introducing new products, we value our time and respect the time of other people, we participate in SIGMA’17 to improve and develop the whole direction”  This year, the organizers of the summit have increased the number of options for raising brand awareness. “For example, we expect that our portfolio of ” Another Games “, …

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