Blockchain Leaders Coinfirm, NEO and QRC Partner to Build Smart Economy Ecosystem

AML/CTF risk and compliance platform Coinfirm, China-based blockchain giant NEO and blockchain venture platform QRC collaborate to address an industry-wide regulatory roadblock and to build a compliant blockchain economy. LONDON, 13 December 2017 – Regtech leader Coinfirm announced today it has partnered with the blockchain platform NEO and the specialist venture platform QRC to nurture a compliant blockchain ‘smart economy’, with a particular focus in Asia. The collaboration launched this week when Coinfirm CEO and<br />Read More<br />The post Blockchain Leaders Coinfirm, NEO and QRC Partner to Build Smart Economy Ecosystem appeared first on Bitcoinist.com.
Source: worldnewsoffice
Blockchain Leaders Coinfirm, NEO and QRC Partner to Build Smart Economy Ecosystem

Alexander Vinnik of BTC-e Loses Extradition Battle

The supposed ring leader of an international cyber crime scheme has lost his appeal against his extradition to the US. Alexander Vinnik of the now defunct BTC-e exchange is wanted on 21 counts of money laundering and other offences in the United States. Some of the illegal funds go right back to the infamous Mt. Gox compromise scandal in 2013. The other charges relate to drug trafficking and computer hacking.

Vinnik was arrested whilst holidaying in northern Greece this July. He’s one of seven Russians indicted by the US this year for charges relating to cyber crime. According to American authorities, he masterminded the laundering of over $4 billion using Bitcoin. He denies the allegations against him, stating that he was never the operator of BTC-e, but rather their technical consultant.

He faces extradition to the US where he would have to defend himself against the counts of money laundering against him. He denies responsibility and has appealed to the Greek authorities to deny his deportation. Today, however, he lost his case.

Vinnik also faces additional charges in his native Russia. These are much less severe being as they amount to around 10,000 euros fraudulently obtained. It is not uncommon for Moscow to attempt to step in when one of their nationals is wanted by the US. Since his arrest, Vinnik has agreed to be returned to Russia but adamantly refutes the charges he faces in the States. However, the Greek Supreme Court rejected his appeal earlier today.

Things are looking bleak for Vinnik, certainly. However, all is not lost yet for him. The final decision over where he’ll end up being sent to stand trial is up to the Greek Justice Minister. It’s typical that they step in when such disputes arise. Whether he’ll be returned to the his native land or face a lengthy jail sentence in the United States remains to be seen.

 

Image: PixaBay

 

 

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Source: newsbtc
Alexander Vinnik of BTC-e Loses Extradition Battle

South Korea is Going Crazy Over Bitcoin: Real Mainstream Obsession

Teenagers to middle-aged investors in South Korea are engaging in cryptocurrency trading, investing in bitcoin, Ethereum, Bitcoin Cash, and a wide array of cryptocurrencies and assets. Government Steps In To Regulate Bitcoin In the beginning of 2017, the South Korean government, local financial authorities, and the ministry of strategy and finance remained neutral to bitcoin… View Article
Source: worldnewsoffice
South Korea is Going Crazy Over Bitcoin: Real Mainstream Obsession

#213 Tim Swanson: Busting the Great Wall of Hype

In the blockchain world, few people are as brave as Tim Swanson when it comes to busting hype. Tim’s unbiased, honest, and sometimes controversial opinions provide a refreshingly realistic view of blockchain adoption and applications of this technology by people and businesses. Cutting through the hype, the over-sold press releases ad the blind optimism of a completely decentralized economy, Tim’s insights provide a sobering look at the state of the blockchain.

Topics discussed in this episode:

  • Tim’s background and recent departure from R3
  • The current state of the enterprise blockchain market
  • The state of Bitcoin in the context of the recent price increase
  • Tim’s thoughts on the recent spike in ICO’s
  • The rumors and concerns surrounding Bitfinex and Tether
  • The rise of Bitcoin and cryptocurrencies as an asset class
  • Current problems in Bitcoin: governance and centralization of power
  • Tim’s new project: Post Oak Labs

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Watch or listen, Epicenter is available wherever you get your podcasts.

Epicenter is hosted by Brian Fabian Crain, S?ƒbastien Couture & Meher Roy.


Source: letstalkbitcoin
#213 Tim Swanson: Busting the Great Wall of Hype

Crowdfunding Giant Indiegogo Joins the ICO Bandwagon

Crowdfunding Giant Indiegogo Joins the ICO Bandwagon

On December 12, the well-known international crowdfunding website Indiegogo announced that the firm is getting into cryptocurrencies and initial coin offerings (ICO). Now Indiegogo users can utilize the firm’s platform to invest in digital token sales that are carefully audited and comply with U.S. regulatory guidelines.

Also Read: Chinese Whale Buys Fleet of F1 Cars Worth £4 Million with Litecoin

Indiegogo Joins the Token Economy

Crowdfunding Giant Indiegogo Joins the ICO BandwagonIndiegogo is a popular crowdfunding platform headquartered in San Francisco that was founded in 2008 by Eric Schell, Slava Rubin, and Danae Ringelmann. The site is one of the first pioneers of online crowdfunding, allowing people to solicit funds for various efforts and business startups. This week Indiegogo revealed that the company has noticed the $3.6bn ICO economy that has spread across the world. The firm thinks the idea of raising funds through digital token sales is “revolutionary” as they believe ICOs allow more efficient liquidity and utility. Now Indiegogo has created a dedicated platform that’s tailored to U.S. regulated token sales.

“There’s no question about it — cryptocurrency is a hot topic these days. With bitcoin doubling in value in the past couple of weeks, there has been a lot of buzz about the ‘tokenization’ of the global economy,” explains Indiegogo.

As the pioneers of crowdfunding, we launched our core perks-based platform in 2008 to help great ideas come to life — Today, we’re taking the next big step. We’re incredibly excited to announce that you can now invest in the first Initial coin offering (ICO) pre-sale offered by Indiegogo and Microventures.

Crowdfunding Giant Indiegogo Joins the ICO Bandwagon

Indiegogo Wants to Make Token Sales Accessible to Everyone

The company has outlined three methods of execution for the new ICO platform which includes accessibility for all Indiegogo users, regulatory compliance, and a well-curated selection process. With the accessibility goals, the company has noticed that a vast majority of ICO teams cannot sell their tokens to American investors and Indiegogo wants to change this metric.

“ICOs are a profoundly important and exciting new means of Crowdfunding,” Slava Rubin, Indiegogo Founder, and Chief Business Officer details.

But what has been missing to date is a platform that can make ICOs accessible to a global audience, while maintaining the strictest standards for legal compliance and quality control — This is a big step towards achieving our mission of democratizing finance around the world.

Crowdfunding Giant Indiegogo Joins the ICO Bandwagon
Indiegogo’s crowdfunding workstations, known as “Creative Offices.”

Simply Another Way of Crowdfunding

As far as compliance is concerned, the company’s partnership with Microventures ensures the projects will be compliant with Securities and Exchange Commission (SEC) rules. Microventures will also help with the curation and selection process of token sales held on the website. Indiegogo says they believe they have enough experience and over 10m visitors a month to bolster the ICO movement even more.

“In some ways, cryptocurrency and blockchain technologies are poised to change everything — But for us, this is simply another way of doing what we’ve been working on for the past decade,” Indiegogo concludes.           

What do you think about crowdfunding company Indiegogo getting into cryptocurrencies and ICOs? Let us know in the comments below.


Images via Shutterstock, and Indiegogo. 


Want to create your own secure cold storage bitcoin paper wallet? Check our tools section.

The post Crowdfunding Giant Indiegogo Joins the ICO Bandwagon appeared first on Bitcoin News.


Source: bitcoin.com
Crowdfunding Giant Indiegogo Joins the ICO Bandwagon

Blockchain Leaders Coinfirm, NEO and QRC Partner to Build Smart Economy Ecosystem

AML/CTF risk and compliance platform Coinfirm, China-based blockchain giant NEO and blockchain venture platform QRC collaborate to address an industry-wide regulatory roadblock and to build a compliant blockchain economy.


LONDON, 13 December 2017 – Regtech leader Coinfirm announced today it has partnered with the blockchain platform NEO and the specialist venture platform QRC to nurture a compliant blockchain ‘smart economy’, with a particular focus in Asia.

The collaboration launched this week when Coinfirm CEO and Co-Founder Pawel Kuskowski and QRC CEO Adam Vaziri joined the NEO team at NEO’s blockchain competition kick-off event in Tokyo. The three entities, who share a common interest in fostering compliance, will join forces in a program that will help spur development on the NEO blockchain — a pillar in the Chinese blockchain community.

The sudden ICO ban by the Chinese government earlier this year had a big impact on the blockchain industry and threw the spotlight onto regulation. Now, Coinfirm, NEO, and QRC have teamed up to address the enduring insufficiency in blockchain regulation. Tackling this long-standing roadblock could open up the entire blockchain ecosystem to the mass market, and support the trend for ICO’s.

NEO is a non-profit community-based blockchain project that utilizes blockchain technology and digital identity to digitize assets, to automate their management using smart contracts and to realize a “smart economy” with a distributed network.

QRC is a regtech specialist venture platform with a presence in the UK, Hong Kong, Japan, China, Vietnam, and Malaysia. The company provides a ‘one-stop-shop’ for blockchain projects with the capability to handle design, build and deploy regtech tokens, as well as oversee the legal aspects.

“The blockchain community is all about collaboration and it is a delight to join forces with two entities who share with us the vision and capacity to embed compliance in the industry,” Kuskowski said. “Launching this initiative in Asia has been particularly gratifying because of the vibrant engagement in a region that is crucial for the success of blockchain.”

Coinfirm has built its presence in the sphere through innovative solutions and partnerships with major players from both the crypto and traditional financial sectors for almost two years, including virtual currency leaders Dash and RSK (Rootstock), and international asset management funds such as SEI.

QRC and Coinfirm have had an ongoing relationship and recently QRC also became an exclusive partner for Coinfirm’s AMLT token in Japan. The token of compliance, AMLT is currently in the beginning of its Token Sale and is designed to bring new levels of transparency and democratization to the financial system by actively involving market participants in risk determination. AMLT Token will help fuel transactions on the Coinfirm platform, enabling risk management and creating a network for safe and transparent value exchange.

Through their respective commitments, the three groups help set the foundation for a new standard of safety and compliance that encourages the wider participation in global markets. This will both increase the efficiency of transactions and also improve trust for new and existing members in those markets.

About Coinfirm

Coinfirm is a recognized leader in their field, ranked among the most influential blockchain and regtech companies and serves as a foundation for the safe adoption and use of blockchain. The Coinfirm AML/CTF Platform uses proprietary algorithms and big data analysis to provide structured actionable data that increases efficiency, reduces costs and streamlines compliance to near automation. The blockchain agnostic platform benefits companies operating around blockchain as well as major financial institutions, asset management companies and BI companies. For more information about Coinfirm please visit coinfirm.io or amlt.coinfirm.io to learn about their AMLT.

About Neo

NEO is a non-profit community-based blockchain project that utilizes blockchain technology and digital identity to digitize assets, to automate the management of digital assets using smart contracts, and to realize a “smart economy” with a distributed network. NEO was founded in 2014 and was real-time open source on GitHub in June 2015.

About QRC

QRC is a regtech specialist venture platform with a presence in the UK, Hong Kong, Japan, China, Vietnam, and Malaysia. QRC has three areas to their business. The QRC Hub is a ‘one-stop-shop’ for blockchain projects with the capability to handle design, build and deploy regtech tokens, as well as oversee the legal aspects. QRC Institute works with universities to conduct blockchain research. QRC Ventures is the investment arm of the QRC Group that specializes in regtech projects and tools for the blockchain.


Images courtesy of Coinfirm

The post Blockchain Leaders Coinfirm, NEO and QRC Partner to Build Smart Economy Ecosystem appeared first on Bitcoinist.com.


Source: bitcoinist
Blockchain Leaders Coinfirm, NEO and QRC Partner to Build Smart Economy Ecosystem

Why Litecoin Is Skyrocketing

On Tuesday, the alternative cryptocurrency litecoin reached a new all-time high of around $323 according to CoinMarketCap, with a global market cap of more than $17.5 billion. This spike caused such a frenzy the popular cryptocurrency exchange Coinbase temporarily disabled litecoin trading to deal with a “major outage.” CoinMarketCap data suggests the litecoin market experienced […]
Source: bitcoinwarrior
Why Litecoin Is Skyrocketing

Bitcoin Price Takes Backstage as Altcoins Rally – Investopedia (blog)

Investopedia (blog)Bitcoin Price Takes Backstage as Altcoins RallyInvestopedia (blog)The price of a single bitcoin clocked a new record yesterday at 18:26 UTC, when it touched $17,623.45. But it didn’t make many headlines. Instead, it was a rally in altcoin prices that took center stage. According to reports, altcoins added as much as …Ripple Spikes 50% as Bitcoin Lifts Smaller AltcoinsHackedRevenge of the Altcoins? ETH, LTC, XRP, and More Are on the RiseFinance MagnatesCoinbase faces outages as popular altcoins surgeTechSpotBitcoinist&nbsp;-Forbes&nbsp;-Fortune&nbsp;-CoinMarketCapall 185 news articles&nbsp;&raquo;
Source: worldnewsoffice
Bitcoin Price Takes Backstage as Altcoins Rally – Investopedia (blog)