#LockChain exchange | Explore Tumblr Posts and Blogs

jacobhinkley · 6 years

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Say Goodbye to Booking.com, LockTrip’s travel revolution is here!

The Blockchain-based Booking.com rival rebrands as a result of a poll the company ran in its community of supporters in December 2017.

LockChain.co is on a mission to eliminate the travel and tourism industry’s middlemen, thereby substantially decreasing the prices of rented and hotel accommodation. And while its mission is well-received by its investors, its name does not share the same fame.

LockChain’s Rebranding – a Logical Decision

Following a number of discussions and valid arguments brought up by its community, the company came up with a plan for a rebranding that will better serve LockChain’s target audience. According to me, the decision is more than logical, considering the continuous acknowledgment by Google’s search as a typo of the word “Blockchain” (exemplified by the image below).

Google search for LockChain

This has been a hindrance especially to people who have just heard of LockChain and are trying to conduct some research about the brand. The irrelevant Google (and Google-related companies, such as YouTube and Google+) results might leave potential customers with the impression that there is zero information about LockChain.

It comes as no surprise that the company decided to choose a new domain name, which is not only more attractive but also non-conflicting with Google’s auto-suggestions.

While migrating from one domain to another one, using the so-called “301 redirect”, is a fairly easy process with zero loss of traffic, all external posts related to the old brand “LockChain” will be, in practice, lost.

The Decision-Making Process

However, this proved to be less of a challenge in comparison to selecting the new name. The old company enlisted several criteria for rebranding. Among them were a cool, catchy, and relatively short name that is to be appreciated by non-crypto travelers and to contain the word “lock”. The word requirement is mainly due to the LOC token, which is the project’s infinity mark and is already being traded on exchanges and listed on CMC.

The company ended up with six (6) brands:

DreamLock.com

LOC.travel

Lock.travel

LocKey.com

LockStays.com

LockTrip.com

LockChain.co conducted two marketing polls among 500+ travel enthusiasts who were not related to the crypto world – a very smart move, in my opinion because that is company’s primary target audience. The only question in the polls they asked was:

“Which of the following brand names you like best for an ‘online travel website’?”

The first poll showed that LockChain.co was the least preferred name among all, so for the second round, it was dropped, along with LocKey.com and LOC.travel.

The second poll encompassed four options, including LockTrip.com, which was secured just before the voting. It was indeed LockTrip which won against the other three options.

LockTrip – the Doom of Agoda and Booking

Following the poll results, LockChain.co is now LockTrip.com.

I love the name not only because it sounds cool and is easy to remember but also because it is a wonderful association with the mechanics behind the token system (LOC tokens are locked for the duration of the trip). Additionally, the brand name has no competition and is better for SEO reasons since it dates from 2014, which makes it 3 years older than LockChain.co.

LockChain.co now redirects to the new website, which is already live. If you go there, you will immediately notice the slicker design, having solid visual references to the brand’s alpha marketplace. A testament to the latter is the new, more detailed road-map.

In fact, the new road-map aims at making LockTrip’s marketplace as friendly and as valuable as possible. This includes greatly improved hotel/accommodation descriptions and images, localizing the website and hotel content into 20+ languages, implementing fiat payments, launching of mobile apps, as well as introducing a unique affiliate program, among others.

I trust believe all these facts will present a huge blow to the current market gargantuans, such as Agoda.com and Booking.com, which charge exorbitant fees, without adding any significant value. Plus, this is great news for you if you are not only a traveler but also a property owner.

Indeed, LockTrip allows hoteliers and property owners to offer their rooms at the platform for prices that are 20% lower on average, without affecting their profits. If the owners of Agoda and Booking had ever had a nightmare, LockTrip would definitely have been a part of it.

LockTrip – Your Wise Investment Choice

If you are not only a fan of affordable traveling but also of wise investments, LockTrip fulfills both criteria. Now, you have a choice to make:

Wait and watch for another brilliant brand to come and revolutionize the market, much like Airbnb and Uber did. Or finally make a great decision and invest in LockTrip, while it is still new, fresh, and more attractive than ever.

Its rebranding is set not only to catapult the company among the crème-de-la-crème of the industry but also to completely reform it. LockTrip already boasts 100,000+ hotels on its platform and with its fully-fledged mobile app, coming at the end of May, these numbers are yet to soar.

If you rather not want to kick yourself later because you missed yet another fascinating investment opportunity…

If you are sick and tired of paying exorbitant amounts to other platforms, which have nothing revolutionary to offer in return…

And especially now that the crypto world is recovering from the first bloody quarter of 2018, you cannot afford to not be a part of LockTrip…

Learn more by taking a look at the company’s website and join the discussion in their Telegram group.

The post Say Goodbye to Booking.com, LockTrip’s travel revolution is here! appeared first on AMBCrypto.

Say Goodbye to Booking.com, LockTrip’s travel revolution is here! published first on https://medium.com/@smartoptions

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joshuajacksonlyblog · 6 years

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Lockchain to Dramatically Expand in Early March

Unless you have been living under a rock, you’ve seen Lockchain’s project mentioned on most news outlets. If you haven’t yet then you should absolutely check out their project on their website.

Lockchain is “The First Hotel Booking & Vacation Rental marketplace With 0% Commissions” within the blockchain, and aims to become the new go-to hotel and property booking website for the travelers of today. The promise is to deliver around 20% cheaper hotels and properties in their marketplace than their competitors, the big hotel and property booking websites. So far they seem to be successful in their promise. You can have a look at their properties and hotels in the alpha release.

The LOC token had a small tokensale where they generated over 9 million USD, and have since been working intensively on the development of their platform. In less than a year Lockchain has started they’ve had their tokensale, a working booking engine and are going to release their beta version within just a couple of months. It’ll be an exciting moment for the Lockchain team and LOC token holders, which is currently listed on just a few exchanges.

The Alpha version of Lockchain’s marketplace, currently only listing “homes” is getting a massive update. Copyright: Lockchain Ltd, alpha.lockchain.co.

Lockchain recently announced to have grown their hotel portfolio with 100.000 hotels via strategic partnerships. Good news for investors: Those 100.000 hotels will be integrated in early March. Not only will the portfolio of the booking engine grow significantly, they are also adding extra features to the alpha version.

One of those features is an integrated wallet in the Lockchain engine that anyone can make use of. This wallet functions via API connectivity to the different exchanges LOC is listed on. As of now, that includes the exchanges of HitBTC, GateCoin, Yobit, Mercatox, and Etherdelta.

The Lockchain team is working hard to be listed on bigger exchanges. To achieve this they’ve taken on financial expert Harold Kim into Lockchain’s team as an advisor. Harold Kim is known for his work on other large projects such as INS and NagaCoin, working on their advancements in listings on large exchanges.

I just published “Financial Expert Harold Kim Joins LockChain team as Advisor” https://t.co/WaPxlEjKMv

— LockChain.co (@LockChainCo) January 29, 2018

Furthermore, Lockchain is currently inviting their community to vote for listing on Huobi. They’re giving away 5 LOC tokens for every community member who participates in the voting – for those interested join their community on telegram and check out the article on how to get your free LOC tokens on medium. It’s a good idea to follow up on communications in their telegram anyway, as there have been mentions in their Telegram group of an incoming airdrop. So follow up on that if you’re interested in free tokens!

In short: Lockchain’s development team is working hard and achieving milestones in a very short time frame, as additional features such as integrated wallet support will be rolled out within the next couple of weeks. The business development is also catching up: 100,000 hotels achieved for their portfolio through strategic partnerships will be included in the new alpha version.

They’re working hard to be listed on bigger exchanges by taking specialist Harold Kim in their team. Furthermore, their community can enjoy free LOC tokens by voting for LOC on Huobi, as well as an airdrop coming in soon. Stay tuned on their developments, if you want to pick up some (free) tokens from this project!

Images courtesy of Lockchain

The post Lockchain to Dramatically Expand in Early March appeared first on Bitcoinist.com.

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generaltradepro-blog · 5 years

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The 8 Most Commonly Googled Questions About Bitcoin Answered on General Novus

Overview

People worldwide seem to be asking questions about cryptocurrencies and mostly about Bitcoin, but there are a lot of questions that deserve to be answered so everyone can understand this booming technology. So General Novus went to search on Google to get the most popular questions that are asked about Bitcoin, and then we put together a list of questions and answers related to the cryptocurrency world.

1. What is Bitcoin?

Bitcoin was launched in 2009 by the guy (or group of people) that use the pseudonym Satoshi Nakamoto, Bitcoin is the most popular and most widely adopted cryptocurrency.

Based on the blockchain technology, Bitcoin exists as ledger entries across a distributed, decentralized computer network with no central authority, bank or government overseeing it. By combining blockchain technology sophisticated encryption, Bitcoin can be securely sent and stored as digital cash in a peer-to-peer mode.

2. How do you buy Bitcoin?

You can buy Bitcoin by using fiat currencies such as euros and dollars, but you can also buy it using other digital currencies such as Ethereum or Litecoin. There are several online cryptocurrency exchanges where you can buy and sell Bitcoin instantly.

3. Where can you buy Bitcoin?

Online cryptocurrency exchanges are the most common places to buy Bitcoin and other cryptocurrencies. Some people doubt the trustworthiness of cryptocurrency exchanges since there have been several hacks in the past.

We do suggest you look for regulated cryptocurrency exchanges that provide the highest security levels for its users.

4. How to invest in Bitcoin?

Many Bitcoin and other cryptocurrency users believe that the blockchain technology will heavily impact the financial world and disrupt the status quo.

Most Bitcoin users see it as an asset similar to gold, and they follow a long-term buy-and-hold strategy. If you want to hold Bitcoin and other cryptocurrencies, you’ll have to transfer your cryptocurrencies to a Bitcoin wallet by keeping them safe and secure until you’re ready to use them or sell.

There are some established online brokers that offer investors the opportunity to buy futures contracts on Bitcoin and other cryptocurrencies that want to invest without holding or owning any cryptocurrency.

5. How does Bitcoin work?

Every transaction on Bitcoin is recorded as it takes place on its network in all nodes of the network. This decentralized network ensures that these transactions cannot be changed or deleted by the bad actors.

Each Bitcoin user has a public and a private encrypted key pair to be used as their account number or address. Transactions are validated and added to blockchain ledger through a sophisticated process called mining. Mining is the method of introducing new Bitcoins to the system.

6. What is Bitcoin mining?

Bitcoin mining is the method of bringing new Bitcoins into existence. Mining is also a way to validate and confirm cryptocurrency transactions.

Mining solves a computationally difficult cryptographic puzzle. All mining network participants that are able to solve this cryptographic puzzle, claim their reward by minting Bitcoin as well as all the accumulated transaction fees associated with that block.

7. How do you mine for Bitcoin?

Anybody can join the network as a miner since Bitcoin is an open system.

Mining is difficult though; there is specific hardware designed to work as miners that solve cryptographic puzzles using dedicated microchips to solve cryptocurrency mining puzzles.

There are some cryptocurrency mining pools that concentrate the Bitcoin mining efforts by aggregating individual mining efforts from all over the world.

8. How many Bitcoins are there?

The amount of Bitcoins that can be mined is limited to 21 million. So far, there have been mined approximately 17 million Bitcoins — almost 80% of the total supply.

The new rate of Bitcoin mining is fixed at an average of one block every 10 minutes (currently 12.5 BTC). This mining rate is also called the block reward, changes and reduces over time.

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bznoti · 5 years

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코인코 채널 - 거래소 공지, 뉴스, 정보

볼륨증가&가격미상승 코인 (거래량 3억원 이상, 볼륨증가율50%이상) 156.XPX(245%)293.3억->￦1012.8억 가격변동 : (1D)-1.6%, (7D)-11.5% === 거래소 (proximax)=== BKEX XPX/USDT 92% Kryptono XPX/ETH 7% Bilaxy XPX/BTC 0% Kryptono XPX/BTC 0% Bilaxy XPX/ETH 0% Coinsuper XPX/BTC 0% [ProBit Exchange] 437.1ST(132%)3.4억->￦8.0억 가격변동 : (1D)-0.9%, (7D)-23.0% === 거래소 (firstblood)=== BKEX 1ST/USDT 87% EXX 1ST/BTC 10% BKEX 1ST/ETH 1% HitBTC 1ST/BTC 0% ZB.COM 1ST/USDT 0% Livecoin FirstBlood/BTC 0% [HitBTC, IDEX] 373.LOC(100%)2.1억->￦4.2억 가격변동 : (1D)2.8%, (7D)-14.9% === 거래소 (lockchain)=== KuCoin LOC/ETH 50% KuCoin LOC/BTC 28% HitBTC LOC/BTC 10% Bancor Network LOC/BNT 4% Fatbtc LOC/BTC 2% Mercatox LOC/BTC 1% [HitBTC, Mercatox, IDEX, LATOKEN, YoBit] 250.RDN(67%)8.4억->￦14.0억 가격변동 : (1D)0.4%, (7D)5.1% === 거래소 (raiden-network-token)=== Bithumb RDN/KRW 40% Binance RDN/BTC 27% LATOKEN RDN/ETH 16% Binance RDN/ETH 4% Huobi Global RDN/BTC 3% Binance RDN/BNB 2% [Kyber Network, Bilaxy, Bibox, Gate.io, Vebitcoin, DDEX, IDEX, Huobi Global, CoinPlace, Bancor Network, Ethfinex] 214.NEBL(62%)5.2억->￦8.5억 가격변동 : (1D)0.0%, (7D)0.0% === 거래소 (neblio)=== Binance NEBL/BTC 77% HitBTC NEBL/BTC 9% Binance NEBL/ETH 5% Binance NEBL/BNB 4% HitBTC NEBL/ETH 2% KuCoin NEBL/BTC 0% [Trade Satoshi, KuCoin] 자세한 정보는 엑셀참조 및 코인의 거래량 차트 확인 바랍니다. (해당 정보는 https://t.me/bzcoindata 을 통해서 관리되고 있습니다.) (해당 정보는 https://t.me/bzcoindata 을 통해서 관리되고 있습니다.) http://bit.ly/2W8SDLX

#cryptocurrency exchange announcement notifications 거래소공지알람

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coin-river-blog · 5 years

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EUBOF believes permissioned blockchains will pave the way.

Earlier this month, the European Union Blockchain Observatory and Forum (EUBOF) released a report outlining the steps needed to improve blockchain scalability, interoperability, and sustainability in Europe. The report, produced by ConsenSys using EUBOF stakeholder input, suggests that "permissioned, purpose-built blockchain platforms" aimed at specific use cases and user bases will constitute the first wave of blockchain technology adoption in Europe.

The report maintains there is much work to be done before the mass adoption of blockchain technology becomes a reality in Europe and around the world and devotes some space to the "trilemma": "[B]lockchains can generally have only two of the following three properties: scalability (that is, performance in terms of speed and volume), decentralization or security." While a highly decentralized and secure blockchain platform may not be scalable, a scaled and decentralized platform may not be secure. EUBOF suggests sacrificing a degree of decentralization in order to achieve a secure and scalable blockchain.

EUBOF's main concern, then, is that blockchain platforms be interoperable. That is, they should have "the ability to exchange data with other platforms, including those running different types of blockchains, as well as with the off-chain world." EUBOF believes a small global network comprised of interoperable blockchain platforms will be the "backbone of a Web of Value" for the blockchain industry.

On the topic of interoperability between blockchain platforms, the report provides two recommendations. It first suggests that trusted communication between two or more blockchain platforms can be achieved by utilizing a third-party "off-chain entity" to validate transactions and information. This party would be responsible for either transferring information between platforms or recording the state of the different platforms – much like a notary service – so that each participant is able to trust the information. The report also suggests that interoperability can be achieved through cross-blockchain bridges and EDCCs (aka "smart contracts"), which can be used to share and verify information.

Moving on to sustainability, EUBOF suggests that developers and designers need to move away from the energy-hungry "proof-of-work consensus mechanism" to more energy efficient mechanisms like proof of stake. It also says that designers and developers need to pay close attention to the sources and amount of funding they receive, the quality of government regulations, and the "capitalisation of the token associated with the protocol."

Finally, the report gives some advice to policymakers that EUBOF believes will ensure the adoption of blockchain technology in Europe. European regulators should take a "wait and see approach" and let designers and developers "experiment and learn" how to best use blockchain technology before implementing laws and regulations. Policymakers, meanwhile, should be well-versed in blockchain technology and work alongside established participants in the blockchain industry to develop a regulatory and legal framework.

Nathan Graham is a full-time staff writer for ETHNews. He lives in Sparks, Nevada, with his wife, Beth, and dog, Kyia. Nathan has a passion for new technology, grant writing, and short stories. He spends his time rafting the American River, playing video games, and writing.

ETHNews is committed to its Editorial Policy

Like what you read? Follow us on Twitter @ETHNews_ to receive the latest European Union Blockchain Observatory and Forum, EUBOF or other Ethereum world news.

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cryptnus-blog · 5 years

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Brazilian Government hires company for Blockchain Courses

New Post has been published on https://cryptnus.com/2018/12/brazilian-government-hires-company-for-blockchain-courses/

Brazilian Government hires company for Blockchain Courses

The right way? Brazilian Government hires Blockchain Company

The Brazilian government hired a company to teach its employees about cryptocurrencies and blockchain technology. The contract with the company Blockchain Academy will give public servants access to exclusive content about the subject.

Politicians and Governments do still have a lot of open questions about cryptocurrencies and blockchain technology. And Brazil is no exception. In a note published on December 4th, the Ministry of Finance announced that public servants will undergo training held by Blockchain Academy. The company offers courses for businesses about blockchain technology.

Employess will attend cryptocurrency lectures

The goal is for public servants to become more familiar with cryptocurrencies after undergoing training. The government hired Blockchain Academy so that employees can learn about digital assets and the technology behind. The ultimate goal is to it for governmental services in the near future.

Both parties signed the contract on November 16th. The course will teach the concepts of the technology and cryptocurrencies. In addition, the classes will also teach about investments and business related to the sector in Brazil and worldwide.

76 hours, 3 Levels, 4 months

In total, the course will take 76 hours to complete. According to the description, it will be divided into three levels: basic, intermediate and advanced. Blockchain Academy will teach exclusively to members of the Brazilian government.

The employees that will participate are part of a strategic area of the Ministry of Finance. They are responsible for managing data related to the Brazilian social security. The course will be taught in up to 4 months to all employees participating in the training offered by the Brazilian government.

Besides the rather conservative stand of the Brazilian Government on cryptocurrency exchanges and trading, this step demonstrates the growing interest in the technology behind cryptocurrencies, and might be followed by governments around the world.

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hodldrgn-blog · 6 years

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New Post has been published on https://cryptomoonity.com/larchitettura-della-binance-charity-foundation/

L’Architettura della Binance Charity Foundation

Ho scritto questo articolo 4 anni fa, ma a quel tempo, non ero ancora in grado di realizzarne gran parte. https://github.com/cpzhao/bitcoin_charity/blob/master/Bitcoin_Charity.md Gli darò un’altra possibilità attraverso la nuova Blockchain Charity Foundation di Binance.

In sintesi, la mancanza di trasparenza è stata un problema nella beneficenza di oggi. Alcuni ritengono che fino all’80% delle donazioni non raggiunga i beneficiari finali. Con la capacità di tracciare ogni singola transazione, la tecnologia blockchain sembra fatta su misura per risolvere questo problema. Allo stesso tempo, la beneficenza offre l’opportunità di aumentare l’adozione delle cripto. I beneficiari devono imparare ad usare i portafogli per accettare le donazioni ed imparare che la blockchain è usata per fare del bene. Questo articolo delinea un approccio che vorremmo implementare.

Giocatori e livelli

Prevediamo un sistema di tracciamento delle donazioni a 3 o 4 livelli, con: Donatori, Programmi di Beneficenza di BCF, Partner di Beneficenza (facoltativo) e Beneficiari Finali.

Innanzitutto, i donatori possono scegliere diversi programmi di beneficenza verso cui donare. Possono anche scegliere di essere pubblici o anonimi. Ogni programma di BCF avrà il suo unico indirizzo/i di ricezione. BCF può scegliere di donare direttamente ai Beneficiari Finali o collaborare con altri Partner di Beneficenza che poi distribuiscono i fondi ai Beneficiari Finali. In entrambi i casi, i fondi verranno tracciati in modo trasparente. Anche se sembra semplice, è necessario affrontare alcune questioni chiave.

La questione dell’ultimo chilometro

Per rintracciare i fondi fino in fondo, il beneficiario finale avrà bisogno di possedere i portafogli di cripto. Sia BCF che il nostro Partner di Beneficienza dovranno educare gli utenti su come utilizzare un portafoglio di cripto e potenzialmente su come convertire le cripto in FIAT. Binance Academy è più che felice di finanziare la creazione di video per l’istruzione. Nella sua forma più semplice, questo richiederà probabilmente al Beneficiario Finale di avere uno smartphone o un computer e l’accesso a Internet. (Questo potrebbe essere difficile per alcune regioni del mondo, dove le donazioni sono più necessarie.)

ID & Privacy

Per combattere le frodi, sarà richiesto un certo livello di verifica dell’ID. Potremmo utilizzare le soluzioni KYC esistenti utilizzate dagli exchange (costose e ingombranti), oltre a una rete di Volontari Certificati che possono controllare periodicamente i beneficiari, eventualmente assegnati in modo casuale dalla piattaforma. Per garantire la trasparenza sarà necessario un certo livello di divulgazione delle informazioni ID (nome di battesimo) al pubblico.

Allo stesso tempo, la privacy dei beneficiari finali deve essere protetta in una certa misura. Ciò richiederà un sistema di autorizzazione multilivello. Un gruppo di Volontari Certificati può essere assegnato casualmente dal sistema per fare verifiche dei beneficiari. Questo può essere fatto di persona o in remoto utilizzando le videochiamate, se necessario. Questi volontari certificati avranno accesso a tutte le informazioni identificative sui beneficiari.

Supporto per più monete

Dato che ci aspettavamo di ricevere donazioni da più team di progetto/ coin, ognuno dei quali probabilmente preferirebbe donare con la propria coin, e far si che le loro monete siano utilizzate dai beneficiari finali, la piattaforma di monitoraggio deve essere in grado di tracciare le transazioni su più blockchain. E i programmi educativi devono coprire più portafogli.

Piattaforma di Monitoraggio

Tutte le transazioni saranno fatte on-chain. Abbiamo bisogno di un sistema in grado di tracciare le transazioni e presentarle in modo facile da capire, per il pubblico in generale. Un sito Web è la forma più semplice. Questo sito web deve tracciare le transazioni su diverse blockchain e potenzialmente gestire la registrazione e la verifica degli utenti, e KYC e AML, ecc. Questo a mio avviso è lo strumento chiave per ottenere l’adozione su larga scala. Binance è più che felice di finanziare lo sviluppo di questa piattaforma, e ci auguriamo che anche altri ci forniscano il loro supporto.

No a nuove coin/ICO

Siamo contrari alla creazione di una nuova blockchain e / o all’emissione di una nuova coin solo per beneficenza. Fare così limiterà seriamente la capacità o l’interesse delle monete esistenti a partecipare. E l’economia di un token per un token di beneficenza è controversa, per quanto sia possibile concepire.

Detto ciò, vorremmo invitare gli sviluppatori a partecipare aiutandoci con la progettazione e lo sviluppo della piattaforma di monitoraggio, in aggiunta agli sforzi di Binance, e i donatori a donare generosamente.

Annunceremo a breve un elenco di partner partecipanti. I partner partecipanti riceveranno il nostro supporto su molti fronti, tra cui il cross marketing e le promozioni.

-CZ

L’Architettura della Binance Charity Foundation was originally published in Binance Italia on Medium, where people are continuing the conversation by highlighting and responding to this story.

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#Binance #Bitcoin #Blockchain #charity #cryptocurrency

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bbnnfeed-blog · 6 years

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Jamaica Stock Exchange To Launch Trading Platform

New Post has been published on https://bnn.io/news/jamaica-stock-exchange-launch-trading-platform/?utm_source=Tumblr&utm_medium=socialpush&utm_campaign=SNAP

Jamaica Stock Exchange To Launch Trading Platform

The Jamaica Stock Exchange (JSE) will soon offer cryptocurrencies as tradable assets to customers suggesting that in the future, the JSE might have its own cryptocurrency.

Last week, the JSE signed a Memorandum of Understanding (MoU) with the Toronto-based startup blockchain Blockstation for the creation of a new digital asset trading platform. A press release was published on the official website of Blockstation, a startup that specializes in implementing crypto exchange platforms. The announcement stated that the Jamaican Stock Exchange signed an agreement to offer the services of trading, quoting, execution and settlement of cryptoactives in a regulated and secure manner. While it is not clear which tokens will be listed initially, the platform will be fully configured and active before the end of the year.

In an interview, JSE Managing Director Marlene Street Forrest said that offering cryptomoney as investment products are consistent with the stocks, bonds, and other investment products the exchange already offers.

Forrest said:

“The main purpose at the end of the day is to exchange tokens, smart contracts, and provide that area of the market that wants this product, to start doing it safely (…) We are excited to implement this service with our customers, satisfying a considerable investor interest in digital assets. We are also proud to be at the forefront of innovation in the capital markets.”

The director added that a committee set up by the stock exchange has been studying the project for several months, based on the analysis of the product offered by Blockstation, in order to evaluate its implementation in several phases.

She adds that as part of the plan, a workshop was recently held with an initial group of five representatives of local regulators, while the firm successfully completed beta testing of the platform in Jamaica, with the participation of several institutions.

Blockstation will provide the technology while the JSE infrastructure will network to the new platform, allowing qualified investors to make purchases or exchanges. In addition to listing cryptocurrencies for trading, Forrest said the exchange will continue to explore how blockchain technology can benefit the platform and its customers. She indicated that JSE’s plans might include issuing its own cryptocurrency sometime in the future.

Blockstation is dedicated to providing international stock exchanges, brokers and intermediaries, and even regulators with customized technology solutions that facilitate the trading and settlement of bitcoin (BTC) and altcoins.

Jai Waterman, Blockstation co-founder, said in a statement that the startup has been working with JSE for approximately six months to develop a customized version of its platform for the exchange. Specific JSE requests have included tools to track market manipulation and other regulatory needs.

“Our mission is to provide a secure method of trading cryptocurrencies with brokers and stock exchanges,” said Waterman. “We provide the stock exchange with the technology for a network of brokers and brokers, so that from start to finish, their trading lifecycle, as with securities, can do exactly the same with blockchain and cryptocurrency.”

However, JSE is in no hurry and is taking its time to ensure that the launch is safe for investors, Forrest said.

“We have a steering committee that was designed and formulated to analyze the Blockstation product, look at the blockchain technology in general and go through the phases to ensure that we understand what we are getting involved with and are also trained in what all the cryptos trade involves,” she explained.

As such, she said, the integration of the Blockchain exchange will be ‘gradual.’

Other Stock Exchanges Approach Cryptocurrencies

With this initiative, the Jamaica Stock Exchange becomes one of the first to offer this type of service with cryptocurrencies, although other international stock exchanges have also announced similar plans. On July 6, the Swiss Stock Exchange announced the start of a project based on distributed ledger technology for the custody, liquidation, and deposit of digital assets, which will be launched in 2019.

The German Stock Exchange launched an application last April that will allow investors to invest in BTC, ETH, XRP, and LTC starting next September. The German Stock Exchange also announced a week ago that it will create a platform that will include support for Initial Currency Offers (ICOs) and coin custody.

Another essential piece of information as to how the international stock exchanges are approaching the crypto active ecosystem has been the launch of Bakkt. It is a new company dedicated to the exchange and services associated with the trading of futures and custody of digital assets, created by Intercontinental Exchange (ICE), the financial services and stock management operator linked to the New York Stock Exchange (NYSE).

The trend for governments and institutions to launch initiatives on the blockchain is increasing at a rapid pace, Jamacia’s Stock Exchange is just one of many examples of this.

#Banks #Cryptocurrency Exchange #Governments and Regulation

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dalaznews-blog · 6 years

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The Great ‘Detokenization’: Are Fintech Firms Abandoning Crypto?

http://dalaznews.com/news/financial-and-business/the-great-detokenization-are-fintech-firms-abandoning-crypto/

It seems to be that tokenization is “eating the world”, a lot in the precise way that Marc Andreessen described that application system was “eating the world” in 2011. ICOs and blockchain are everywhere, and a expanding quantity of platforms are appearing to give off-chain assets on-chain.

Nonetheless, earlier week, Latvian startup Digipulse introduced that it would be ‘de-tokenizing’ by itself in a exceptional field incidence.

Time to receive the dip?

We absolutely listen to the outrage that our present news has brought on. We anticipated practically nothing at all significantly less from a group of devoted, crypto oriented men and women. That staying described, our prime purpose is even now unchanged. Our CEO explains: https://t.co/IOSz1hLLm1 #digital #inheritance

— Digipulse (@DigiPulseIO) August three, 2018

”We Have to have to Make Value”, Not “Token Cost Speculation”

Normund Kvilis, the company’s CEO, defined in a web site place up that the determination was constructed due to the fact “we want to make cost with our service, alternatively than token worth speculation.”

“For all its advantages,” the publish ongoing, “Digipulse token cost fluctuates primarily based only on speculation, a technique that does not guidance a sustainable organization development,” incorporating that “out of the 320 service sign-ups we have had till July 25th, only two persons have actually allocated tokens to the solutions, which means that only two men and women these days have genuinely employed the DGPT token for its principal objective.”

In other words and phrases, Digipulse’s crypto tokens weren’t actually remaining employed on the method they had been staying bought and held as speculative investments.

Kvilis didn’t see a extended term in that range of neighborhood. Therefore, he completed the post by creating an give to “members who have supported our vision, rather than just token speculations”–the tokens can be exchanged for a share in the organization. DGPT tokens will officially be unlisted from cryptocurrency exchanges on December 15th of this calendar year.

Is a Improvement Forming?

Digipulse is not the initial enterprise to fall its association with blockchain, and it will not be the final. LL Bean cancelled a blockchain undertaking in March Telegram scrapped its basic public ICO in Might possibly. Stripe referred to as it quits with its Bitcoin payment answer in April.

Could a trend be forming? It may possibly possibly be also shortly to say–the text ‘blockchain’ and ‘cryptocurrency’ even so consist of also substantially worth to a company’s stock price for the international crypto fad to genuinely be in excess of.

So why did these firms choose to ix-nay the lockchain-bay?

Stripe Reduce Crypto For the explanation that it Was Impractical, Overhyped

Some say Stripe was in advance of its time when the payments organization formulated an choice to acknowledge Bitcoin payments all the way once again in 2015. For that explanation, Stripe was a lot far more than effectively ready when cryptocurrency strike the mainstream in 2017. Abruptly, Bitcoin was in all locations.

But in April of this 12 months, something shocking took spot: Stripe lessen BTC from its payment possibilities solely. Could this be one more case in point of Stripe’s foresight?

Speaking coolly at the Fortune Brainstorm Tech convention in July, Stripe COO Claire Hughes Johnson reported that the selection was really small a lot far more than a sensible measure: Bitcoin and other blockchain payment networks are as well slow, as well impractical, and way overhyped.

Here’s the concern: she was appropriate.

Utilizing a standard debit card challenge by Visa or Mastercard, a invest in can be cleared in a make a distinction of seconds. Utilizing the Bitcoin neighborhood, the identical transaction could obtain an hour, or even a lot far more other blockchain networks are not a lot enhanced.

“I do think we have arrived at that leap the shark second exactly where you just say ‘da-da-da blockchain’,” she added, referencing the explosion in companies that have tacked the word “blockchain” on to them selves to entice funding. She also reported that the SEC was appropriate to take into account motion towards these firms.

Telegram Might Have Reduce its Basic public ICO to Keep clear of Scrutiny from Regulators

Messaging application massive Telegram stunned the globe two occasions earlier this calendar year: initially, when it declared the achievement of its huge $1.7 trillion ICO, and 2nd, when it introduced that the basic public component of the ICO had been cancelled, and that the funds gathered all by means of this interval would be returned.