Wednesday, February 21, 2018

PECUNIO Blockchain Technologies appoints Crypto Heavyweight David Drake as Advisor for its upcoming USD 45 Million ICO

Dubai – February 21st 2018.

PECUNIO, a financial firm that provides safe and easy Blockchain Investment, announced today the appointment of David Drake to its advisory board. David Drake is a well reputed name in the field of finance, serving as the Chairman of LDJ Capital and a host of related businesses.

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David has represented the US Department of Commerce at various forums, including the Transatlantic Forum of the EU as well as the UK Parliament. His work in the field of crowdfunding also secured him an invitation to President Barack Obama’s White House.

It is no doubt that David and his entire team have done amazing work in the field of traditional as well as crypto investments. David is one of the pioneers of marrying the two ecosystems and his work shows that crypto investments can yield excellent returns if the wisdom from traditional investing is applied to it. Pecunio’s team on this: “We, at PECUNIO, are excited to have someone with a stature of David’s as an advisor and I am sure we will gain tremendously from his insights and his grip on the inner workings of the financial markets.”

Reinhard Berger, CEO and Founder of PECUNIO said he was extremely delighted to have David on board. “We are extremely proud and excited to have David’s support. With his invaluable knowledge of the legal landscape of conducting crowdsales and the intimate understanding of cryptocurrency markets, we are expecting to make fast and steady progress in reaching our goal of helping everyone to get safe and easy access to blockchain investments. David is a fantastic addition to our team, and we are grateful and honored that he found our business model worthy of his time and attention,” says Reinhard Berger.

“I believe what PECUNIO does is truly amazing. To demystify and simplify crypto investments for everyone is not only a noble endeavor but a vital necessity to boost the economies of the world. The more people invest in this new and exciting asset class, the greater revenue it will generate. This will eventually drive global economy as never seen before,” said David Drake.

David is a board advisor for several Initial Token Offerings. In the past 9 months the top 15 ICOs that David has been an advisor to have raised over USD 500,000,000.


PECUNIO is a decentralized investment platform that solves the problem of crypto spending and allows investment in blockchain assets in a safe and easy way.

The platform’s products and services cover the whole lifecycle of blockchain innovation. Investors benefit from a sound business model, which generates fees from angel & venture capital (AC&VC) investments, initial coin offerings (ICO) and high-end cryptocurrency funds. It is the one-stop shop for the average non-tech-savvy user, high equity investor as well as angel and venture capitalist.

The most recent and prominent addition to their product portfolio is a gold-backed token: PECUNIO will exchange physical gold in worldwide branches for tokens available as cryptocurrency on the blockchain.

PECUNIO also specializes in providing expert consulting services to blockchain startups by providing each individual client with a tailor-made business plan. It wants to open the vibrant cryptocurrency market to everyone – demystifying blockchain investments and allowing everyone to participate in the new economy of the 21 century.

In October of 2017 its first fully working product, the PECUNIO Cryptocurrency Fund, was successfully launched, which by the end of the year was already actively managing over $1 million. Currently, PECUNIO’s pre-ICO is underway and is already reaching its intended target. By end of 2018, PECUNIO aims to actively manage assets of over $500 million.

PECUNIO is helmed by experienced veterans with proven expertise in the fields of FinTech, fund management, and Information Technology.

from The Merkle

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from blockchain - Google News

Japanese Exchange Accidentally Offers Free Bitcoins

Everyone’s looking to get the best deal when buying Bitcoin — but for seven lucky buyers, a Japanese exchange accidentally offered them the deal of a lifetime.

Free Bitcoins!

According to Reuters, a short-lived system glitch at Japanese cryptocurrency exchange Zaif let seven customers briefly purchase bitcoins free of charge.

Zaif’s accidental flash sale took place on February 16th and only lasted about 20 minutes.

Unsurprisingly, none of the sales were validated. Zaif rendered the trades null and void immediately after discovering the error.

One customer, however, may have gotten the better of Zaif’s mistake. A spokesman told Reuters that one customer tried to immediately transfer his or her free Bitcoin to an external wallet address. The situation has yet to be resolved.


Cracks in the System

Reuters reports that Zaif’s operator had previously faced system checks after Coincheck Inc. allowed $530 million in cryptocurrency to be stolen from their coffers by cybercriminals, sparking concern over the security of registered exchanges nationwide — as well as the quality of Japan’s regulatory oversight.

16 cryptocurrency exchanges are legally allowed to operate in Japan and are apparently in the process of forming a self-regulatory body. According to the Nikkei business daily, the body is set to start operating sometime in April and will lay down guidelines and rules in regards to security, advertising, and punitive measures.

Self-regulatory bodies may become more commonplace in the cryptocurrency space as time progresses.

Brian Quintenz, a commissioner with the Commodity Futures Trading Commission, recently suggested crypto companies should start regulating themselves, stating:

I would like to use this opportunity right now to call on the investment community and the advocacy community around digital currencies to create some type of self-regulatory organization that can develop standards around cyber policies, data retention, record keeping, financial records obligations, insider trading, ethics, codes of conduct. Self-regulation has a strong history in our markets.


Coincheck executives apologizing for the exchange’s breach.

Japan is the first country in the world to launch a system meant to oversee cryptocurrency exchanges, with the aims of protecting consumers from fraud, preventing potential criminal activity, and supporting the emerging blockchain industry. In this respect, the country is at the forefront of pro-cryptocurrency regulation.

However, some regulators believe Japan’s oversight isn’t strict enough, allowing significant heists like Coincheck’s to take place. Nevertheless, the country’s regulation stands in stark contrast to China’s extreme anti-cryptocurrency measures and has attracted Chinese exchanges unable to conduct business in their home country.

What do you think of Japan’s regulatory oversight of cryptocurrency exchanges thus far? Would you try to transfer your free Bitcoins to another wallet, or would you do the right thing? Let us know in the comments below!

Images courtesy of Bitcoinist archives and Shutterstock.

The post Japanese Exchange Accidentally Offers Free Bitcoins appeared first on


What Is Simple Token?

TheMerkle Simple Token

Not all cryptocurrency and blockchain-related projects have to be complicated. Simple Token is, as the name suggests, designed to be simple. This new token aims to empower businesses worldwide and create stronger digital communities as well. It’s an interesting venture, but what makes it tick?

The Simple Token Concept Explained

On paper, Simple Token is a cryptocurrency designed to power digital communities all over the world. Anyone will be able to use this ecosystem and create their own digital currencies through public Ethereum sidechains. Businesses can be turned into more dynamic versions of themselves to cater to the digital requirements of this day and age.

The Technology Supporting it all

While Simple Token is designed to build a network for the tokenization of consumer apps, it will need proper technology to do so successfully. The project offers all of the traditional benefits associated with blockchain technology without having to worry about the high costs and risks of building solutions from scratch.

This project is built on top of Ethereum, which means users will benefit from all the technology which that ecosystem offers as well. Smart contracts and the ability to easily issue new tokens are just two of the aspects worth exploring as of right now. The decision to use sidechains also makes a lot of sense, as it removes any blockchain bloat concerns from the equation.

So far, there are two main projects to be paying attention to. First of all, there is the OpenST protocol to issue Branded Tokens for businesses. It is the complete blockchain toolkit for most businesses. Secondly, there is the ST KYC solution, which focuses on Know-Your-Customer and Anti-Money Laundering procedures. There is also an option to explore ICO ventures, especially when it comes to whitelisting such offerings.

The Native OST Token

Even though this ecosystem is all about letting brands and companies create their own tokens, Simple Token also has its own token, known as OST. The token sale was quite successful, and these tokens can be used to invest in future projects created on top of Simple Token. The team recently bought back 10 million tokens to invest in projects themselves, which is rather interesting. It goes to show there is some inherent value to the OST token as of right now, even though most of its value will be derived from the products built on top of Simple Token moving forward.

What Comes Next?

With the team providing monthly updates, it’s evident there is still a lot of work to be done. The ostKIT alpha is close to being released, and serves as the first public version of the complete blockchain toolkit for businesses. ostKYC is already live, and uses the OST token for all billing purposes. Other tools currently in development include a block explorer and an enterprise-grade email marketing solution. There’s also the consumer-oriented wallet to keep an eye on, as well as an updated version of the Simple Token protocol itself.

from The Merkle

The Railway Transport Moves Towards Using Blockchain Technology

On 15 February, within the Russian Investment Forum in Sochi, a memorandum of cooperation was signed between Novotrans, one of the largest railway rolling stock operators in Russia and the CIS, and UniversaBlockchain. The representatives of Novotrans told BitJournal.mediaabot this event.

“The main objective of our joint project with Novotrans is toperform the digitization of the train cars, transferring their statutes (loading, unloading, location) to blockchain and to include all details and specifics of the train maintenanceto the digital history of railway carriages. If all rolling stock processes are transferred to blockchain, it is impossible to fake or change any information about the railway carriage and the goods carried inside. This informationcan also be accessed by each participant of the network or transaction at any moment.

The “properblockchain” can significantly reduce production costs and speed up all the processes, and that is why this idea attracts not only big business, but government sector as well, including ArkadyDvorkovich, Deputy Prime Minister of the Russian Federation and Chairman of the Board of Directors of JSC Russian Railways, who has expressed his interest in the technology,” said Alexander Borodich, founder of the blockchain platform.

The joint project came into force upon signing the agreement. It can take about a year to fully transit the company’s cars to blockchain, forNovotrans operates tens of thousands of the train cars. Universa is the blockchain project which raised $28 million in token sale. It focuses on creating smart contracts in the real economy with the wide scope of application, from electronic keys in aerial vehiclesto transactions between financial institutions. The current speed of transactions on the Universa platform reaches 22 thousand per second.

The post The Railway Transport Moves Towards Using Blockchain Technology appeared first on NewsBTC.

from NewsBTC

Hada DBank: A Blockchain-Based Islamic Bank

HADA Dbank, is set to bring the emergence of Islamic banking principles to the blockchain ecosystem, forging a new future ahead of the current banking systems. HADA DBank is a Kuala Lumpur-based company, working to place itself at the forefront of the new generation of financial banking systems. Using the traditional Islamic banking methodology of fair and transparent risk and responsibility sharing, augmented by the technological innovation of blockchain.

Disclosure: This is a Sponsored Article

The Best Kind of Banking

Islamic banking is highly distinguishable from the traditional banking methods we see in the west, using two major principles: the first is sharing of profit and loss, the second is complete prohibition of interest by other investors and lenders, while discarding all interest-bearing models that have been proven to be unsustainable and complicit in the failures of global banking.

The HADA DBank Advantage

Hada DBank follows Islamic Financial Laws prohibiting risky ventures, Hada DBank will have a maximum Liability to Asset ratio of 1:3. All savings will always be backed by valuable assets such as precious metals. And are fully insured according to the Islamic banking principles.

HADA DBank allows users to have access to a full-feature personal banking service, this includes a free encrypted account and e-Wallet, accessible via smartphones and non-smart mobiles, also receiving a savings account at a probable 5% Hibah, this means a discretionary gift usually based on business performance per annum with a zero withdrawal fee.

HADA Exchange, featuring a zero-fee charge on cryptocurrency exchanges, or on major crypto-fiat currency exchanges. Also offering physical and virtual debit cards with cashback and discount programs with affiliate partners and merchants.

HADA DBank clients will also have access to Bot HUDA, a financial management bot that will help manage their spending, income and financial goals, this protocol is using the latest artificial intelligence HADI will be your personal financial advisor, helping you make informed investment decisions based on objective advice and assessments.

HADACoin, HADA DBank’s Native Token

Hada DBank will host a token generation event, this raising the funds necessary for the full development of products and services of the world’s first blockchain-based Islamic digital bank. The native HADACoin will be a digital asset to enable users to conduct transactions, users will be able to convert this to and from fiat into cryptocurrencies within the Hada DBank platform and debit card. Based on the Ethereum platform, HADACoin benefits from the transparency of a public blockchain and the security of smart contracts.

HADACoin will be sold during the pre-sale at an increased rate adjusting to supply, starting at a rate of 1 ETH = 2000, HADACoins for the first 10 million tokens, gradually reducing every 10 million tokens. With the flash sale now live, granting participant with 4000 tokens, for the 1st 1 million HADACoins.

Once the Hada DBank platform launches, HADACoin will be trading on the F1Cryptos exchange the first of many exchange platform partnerships in the pipeline.

The HADA DBank and Bitcoin PR Buzz Partnership

HADA DBank is also proud to announce a partnership with Bitcoin PR Buzz as its strategic media partner. As the world’s first cryptocurrency and blockchain PR agency, it benefits from its intimacy and reputation with various information distribution platforms such as CryptoCoinsNews, The Merkle, Coinspeaker, CoinIdol and many other international Blockchain news sites. In addition, its network extends to several hundred online news outlets.

Bitcoin PR Buzz welcomed the new partnership.

from The Merkle

Solve Genomics with the Blockchain? Why the Hell Not - WIRED


Solve Genomics with the Blockchain? Why the Hell Not
His expertise is collecting and understanding genomes; the blockchain stuff, as he hilariously acknowledged in a Q&A with the journal Science, is somebody else's problem. “When you have the blockchain you have a trustless mechanism in place, where ...

from blockchain - Google News

Ripple Expands its List of Partners With Five More

Not many other blockchain companies can boast new partners on a weekly basis. Ripple is one that can and, love it or hate it, the San Francisco based global payments provider has added to that list of over a hundred with five more this week.

In addition to banks in Brazil and India, Singaporean and Canadian money transfer service providers have also joined ranks with Ripple. According to reports Brazilian Bank Ita├║ Unibanco and remittance provider BeeTech have joined RippleNet in order to facilitate faster and cheaper global funds transfers. Indian bank IndusInd is also onboard alongside Canadian company Zip Remit who are all seeking to benefit from blockchain based financial transactions at a fraction of the cost.

Emerging Markets to Benefit Most

Emerging markets such as Brazil, India and China are home to 85% of the global population with almost 90% of people under 30 residing within those markets. They are a huge draw for companies such as Ripple looking to expand product adoption for xCurrent and RippleNet financial transfer platforms and networks. Over $60 billion was transferred into both India and China in 2017 and Brazil saw $600 million arrive from the US.

Head of business development at Ripple, Patrick Griffin, is confident that blockchain solutions are the way forward to improving the lives of users in emerging markets.

“The payments problem is a global problem, but its negative impact disproportionally affects emerging markets. Whether it’s a teacher in the U.S. sending money home to his family in Brazil or a small business owner in India trying to move money to open up a second store in another country, it’s imperative that we connect the world’s financial institutions into a payments system that works for their customers, not against them.”

Singaporean Partners to Expand RippleNet

Southeast Asia’s leading digital cross-border money transfer service provider InstaReM is also joining RippleNet to facilitate faster payments to other members of the rapidly growing network. It currently consists of over a hundred banks and other financial institutions providing real-time messaging, clearing and settlement of financial transactions. InstaReM’s partnership will allow their corporate and SME customers quick and hassle-free payouts to a number of destinations in the region.

Prajit Nanu, co-founder and CEO, stated; “We are pleased with this new partnership with Ripple which will see RippleNet members utilizing InstaReM’s unique payments mesh we have developed in Southeast Asia to further streamline payment processes.”

The company processes over 500,000 transactions per year, and is concentrated on connecting businesses and individuals from Australia, Canada, Hong Kong, Singapore, and India to over 60 countries worldwide.

RippleNet is not a part of the company’s cryptocurreny XRP which drives a separate system called xRapid. It was reported last week that Western Union were trialing transfers using xRapid and XRP.

The post Ripple Expands its List of Partners With Five More appeared first on NewsBTC.

from NewsBTC

Q&A: Trust, truth and transparency at the heart of TUI Group's blockchain work - PhocusWire


Q&A: Trust, truth and transparency at the heart of TUI Group's blockchain work
TUI Group was one of the first travel brands to make headlines for its adoption of blockchain. Based in Germany, it's one of the largest travel and tourism companies in the world, with a portfolio of 1,600 travel agencies and online portals, more than ...

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