Bitbrothersllc.com - BitcoinWiki

Has anyone used Bitcoin Brothers LLC?

I have been looking to buy from them using the cash order method. My only concern is that an internet search reveals very little. Does anyone have information on them?
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Mitch McConnell's Brother-in-Law One of the Masterminds of Trump-Russia

Jim Breyer, Mitch McConnell's brother-in-law, Facilitates Russia’s Takeover of Facebook through Yuri Milner
In 2005 Jim Breyer, a partner at Accel Partners, invested $1 million of his own money into Facebook and gained a seat on the board (1).
In Feb 2009 Jim Breyer visited Russia with a number of other Silicone Valley investors. While there, Yuri Milner, a Russian tech entrepreneur who founded DST with close ties to the Kremlin, hosted a dinner to cap the entire event (2). As one Moscow source put it:
DST has the backing of the big boys at the top in the Kremlin, which is why it will go from strength to strength (5)
Milner found out Breyer liked Impressionist art and took him to Russian’s Hermitage Museum to view Matisse paintings otherwise closed off to the public. Three months later Yuri Milner’s DST invested into Facebook at a bloated value. (2)
Mr Milner dismissed suggestions that at a valuation of $10bn he overpaid for his stake in Facebook, especially given that the social networking site has yet to prove it has turned to profit. (3)
it’s seen as a desperate and rather vulgar deal on the one hand—Milner buying a small stake in Facebook, valuing the entire company at $10 billion—and, on the other, Facebook debasing itself by taking Russian money. Russian money! In fact, it seems rather like a desperate deal for both parties (in the midst of the banking crisis, Facebook has only two other bidders for this round—and none from the top VC tier) (4)
By the end of 2009, DST would own 10% of Facebook. Later revealed by the Paradise Papers, DST’s investments into Facebook were financed by the Russian government through state-owned Gazprom. That’s right, in 2009 Russia owned 10% of Facebook. (6)
Soon after, the two continued to work together on other investments. Breyer introduced Milner to Groupon, and Milner helped Breyer’s Accel invest into Spotify (7). In 2010 an Accel representative joined a gaggle of Silicon Valley investors to Russia and signed a letter promising to invest into the country (8).
  1. http://fortune.com/2011/01/11/timeline-where-facebook-got-its-funding/
  2. http://fortune.com/2010/10/04/facebooks-friend-in-russia/
  3. https://www.telegraph.co.uk/technology/facebook/7753692/Facebook-is-just-the-first-step-say-Russians.html
  4. https://www.wired.com/2011/10/mf_milne
  5. https://www.theguardian.com/technology/2011/jan/04/facebook-dst-goldman-sachs
  6. https://www.theguardian.com/news/2017/nov/05/russia-funded-facebook-twitter-investments-kushner-investor
  7. https://dealbook.nytimes.com/2011/09/28/dst-global-hoping-to-grow-across-asia-puts-down-roots/
  8. http://www.ambarclub.org/executive-education/
Jim Breyer and Rupert Murdoch
Then in Nov 2010 Jim Breyer invested into Artsy.net, run by Rupert Murdoch’s then-wife, Wendi Deng, and Russia oligarch Roman Abramovich’s then-wife, Dasha Zhukova. Jared Kushner’s brother, Josh, also invested in the fledgling company (1).
At the time Rupert Murdoch’s News Corporation had a joint venture with the Russian mob-linked oligarch Boris Berezovsky, called LogoVaz News Corporation, that invested in Russian media (4). It was Berezovsky’s protege close to Putin, Roman Abramovich, who tied Berezovsky to the mob.
According to the Mirror Online, Abramovich paid Berezovsky tens, and even hundreds, of millions every year for "krysha", or mafia protection. (5)
In June 2011, Rupert Murdoch ended his foray into social media by selling Myspace to Justin Timberlake (2) and elected Jim Breyer to the board of News Corp (3).
  1. https://www.businessinsider.com/what-is-cadre-and-how-to-invest-in-its-real-estate-deals-2016-6
  2. https://en.wikipedia.org/wiki/Myspace
  3. https://web.archive.org/web/19990428071733/http://www.newscorp.com:80/
  4. https://www.bloomberg.com/profiles/companies/156126Z:RU-logovaz-news-corp
  5. https://en.wikipedia.org/wiki/Roman_Abramovich
Jim Breyer invests in Wickr with Erik Prince
In 2012 Breyer invested in a encrypted messenger app, Wickr. Other investors include Gilman Louie and Erik Prince. To understand the connection, we need to go back to 1987. Breyer, newly hired to Accel Partners, made his first investment with Louie’s video game company that owned the rights to the Soviet Union’s first video game export, Tetris (1).
Louie went off to become the founding CEO of the CIA-backed In-Q-Tel which invested in Palantir. Palantir’s founder, Peter Thiel, sat on the board of Facebook with Breyer (2)(3). On the board of In-Q-Tel is Buzzy Krongard (7), the man who helped Erik Prince’s Blackwater receive their first CIA contract, who also joined the board of Blackwater in 2007 (6).
Around that same time, 2012-2013, Prince met Vincent Tchenguiz, founder of Cambridge Analytica's parent company, SCL (8), and was introduced to Cyrus Behbehani of Glencore, one of the purchasers of Rosneft stock detailed in the Steele Dossier (9). Cyrus Behbehani sat on the board of RusAl with Christophe Charlier, who is also Chairman of the board at Renaissance Capital (10), an early investor of DST (11).
  1. https://wickr.com/wickr-raises-30m-series-b-led-by-jim-breye
  2. https://www.sfgate.com/politics/article/CIA-Asks-Silicon-Valley-s-Help-Executive-to-2904775.php
  3. https://www.iqt.org/palantir-technologies/
  4. https://www.politico.com/story/2016/08/palantir-defense-contracts-lobbyists-226969
  5. https://feraljundi.com/tag/reflex-responses-management-consultancy-llc/
  6. https://www.nytimes.com/2007/11/17/us/17brothers.html
  7. https://www.marketscreener.com/business-leaders/A-Krongard-006WHL-E/biography/
  8. https://www.haaretz.com/israel-news/revealed-erik-prince-had-business-ties-with-netanyahus-disgraced-chief-of-staff-1.5627887
  9. https://medium.com/@wsiegelman/a-fresh-look-at-erik-princes-house-intelligence-committee-testimony-and-emails-with-christophe-6603f06c6568
  10. https://medium.com/@wsiegelman/a-fresh-look-at-erik-princes-house-intelligence-committee-testimony-and-emails-with-christophe-6603f06c6568
  11. https://www.vccircle.com/all-you-wanted-know-about-digital-sky-technologies/
Jim Breyer and Yuri Milner invest in Prismatic
That same year, 2012, Jim Breyer invested in Prismatic, a news aggregate app, with Yuri Milner.
Prismatic’s technology works by crawling Facebook, Twitter and the web (“anything with a URL”) to find news stories. It then uses machine learning to categorize them by Topic and Publication. Prismatic users follow these Topics and Publications, as well as Individuals and the algorithm then uses these preferences and user-activity signals to present a relevant Newsfeed. (1)
Sounds like the beginning of what could be a propaganda dissemination tool. That goes in-line with Yuri Milner’s vision of Social Media. Milner’s theory:
“Zuckerberg’s Law”: Every 12 to 18 months the amount of information being shared between people on the web doubles... Over time people will bypass more general websites such as Google in favor of sites built atop social networks where they can rely on friends’ opinions to figure out where to get the best fall handbag, how to change a smoke detector, or whether to vacation in Istanbul or Rome. “You will pick your network, and the network will filter everything for you,” Milner explained. (2)
So how does Milner intend to utilize the data gathered through social media? Let’s see what Milner did to Russia’s top social media site, VK:
In January 2014, Durov sold his 12 percent stake to Ivan Tavrin, the CEO of major Russian mobile operator Megafon, whose second-largest shareholder is Alisher Usmanov, one of Russia’s most powerful oligarchs, a man who has long been lobbying to take over VK.
Then, in April 2014, Durov stated he had sold his stake in the company and became a citizen of St Kitts and Nevis back in February after "coming under increasing pressure" from the Russian Federal Security Service to hand over personal details of users who were members of a VK group dedicated to the Euromaidan protest movement in Ukraine. (3)
The Euromaidan protest ousted the Russian-backed president of Ukraine, Viktor Yanukovych, whom Paul Manafort had worked to install. (4)
  1. https://techcrunch.com/2012/12/05/prismatic/
  2. http://fortune.com/2010/10/04/facebooks-friend-in-russia/
  3. https://cointelegraph.com/news/what-ban-russias-vkcom-is-mining-bitcoin
  4. https://en.wikipedia.org/wiki/Viktor_Yanukovych
Facebook talks US Elections with Russia
In Oct 2012 Zuckerberg traveled to Moscow and met Dmitry Medvedev where they had a very interesting conversation:
Mr. Zuckerberg and Mr. Medvedev talked about Facebook’s role in politics, though only jokingly in reference to its importance in the American presidential campaign, according to Mr. Medvedev’s press office. (1)
While there he also visited Victor Vekselberg's Skolkovo, who’s currently under investigation by Mueller for donations to Trump (2).
As Obama’s effort to reboot diplomatic relations [with Russia] sputtered, federal officials began raising alarms about the Skolkovo Foundation’s ties to Putin.
“The foundation may be a means for the Russian government to access our nation’s sensitive or classified research, development facilities and dual-use technologies” (3)
And took time to teach Russian's how to hack Facebook friend data, the same hack used by Cambridge Analytica, Donald Trump’s campaign data firm.
In a 2012 video, Facebook's Simon Cross shows the Moscow crowd how they can "get a ton of other information" on Facebook users and their friends. "We now have an access token, so now let's make the same request again and see what happens," Cross explains (YouTube). "We've got a little bit more data, but now we can start doing really interesting stuff. We can get my friends. We can get some more information about one of my friends. Here's Connor, who you'll meet later. Say 'hello,' Connor. He's waving. And we can also get a ton of other information as well." (4)
Facebook later hired the individual who hacked Facebook and sold the data to Cambridge Analytica (5).
A month after that visit, Putin propaganda mouth-piece Konstantin Rykov, claims he began helping with Trump’s presidential aspirations (6). Days later, Trump registered “Make America Great Again” (7). The following year, Russia's Troll Factory, the Internet Research Agency, was created as was Cambridge Analytica.
  1. https://www.nytimes.com/2012/10/02/technology/zuckerberg-meets-with-medvedev-in-key-market.html
  2. https://www.adweek.com/digital/zuckerberg-russia-skolkovo/
  3. https://apnews.com/5e533f93afae4a4fa5c2f7fe80ad72ac/Sanctioned-Russian-oligarch-linked-to-Cohen-has-vast-US-ties
  4. https://www.youtube.com/watch?v=heTPmGb6jdc&feature=youtu.be&t=11m54s
  5. https://www.theguardian.com/news/2018/ma18/facebook-cambridge-analytica-joseph-chancellor-gsr
  6. https://washingtonmonthly.com/2017/11/24/a-trumprussia-confession-in-plain-sight/
  7. https://trademarks.justia.com/857/83/make-america-great-85783371.html
Andrei Shleifer and Len Blavatnik
Len Blavatnik, a US-Russian oligarch currently under investigation by Mueller, graduated from Harvard in 1989 and quickly formed Renova-Invest with Viktor Vekselberg, another oligarch under Mueller’s investigation (7)(8). Since then Blavatnik has maintained close ties to the university.
In 1992, after the fall of the Soviet Union, Andrei Shleifer led a consortium of Harvard professors to assist Russia’s vice-president, Antaoly Chubais, with the privatization of Russia’s state-run assets. Scandal broke when it was revealed Shleifer, through Blavatnik’s company and with Blavatnik’s guidance, invested in the very companies he worked to privatize. (6)
Years later, Shleifer continued to fund loans to Blavatnik for Russian ventures through his hedge fund, managed by his wife, Nancy Zimmerman (9), and created the Russian Recovery Fund which bought $230 million of Russian debt from Julian Robertson’s Tiger Management (10), who’s seed fun, Tiger Global, later invested in Milner’s DST.
Len Blavatnik and Viktor Vekselberg are major investors in Rusal (11).
Schleifer is still a professor at Harvard.
  1. http://harry-lewis.blogspot.com/2014/01/some-russian-money-flows-back-to-harvard.html
  2. https://en.wikipedia.org/wiki/Leonard_Blavatnik#cite_note-Yenikeyeff-7
  3. https://abcnews.go.com/Politics/investigators-follow-flow-money-trump-wealthy-donors-russian/story?id=50100024
  4. https://www.newyorker.com/magazine/2014/01/20/the-billionaires-playlist
  5. https://law.justia.com/cases/federal/appellate-courts/cafc/16-1718/16-1718-2017-03-14.html
  6. https://www.bloomberg.com/news/articles/2018-04-25/tangled-rusal-ownership-thwarts-easy-end-to-sanctions-quicktake
Breyer and Harvard
On April 2013, two months after Breyer was elected to the board of Harvard (1), Len Blavatnik, donated $50 million to the school (2) and joined the Board of Dean’s Advisors (3)(4) and Harvard’s Global Advisory Council (6) alongside Breyer. The next month Breyer announced plans to step down from the board of Facebook with an intention of focusing on his latest Harvard appointment (5).
In 2016 Len Blavatnik donated over $7 million to GOP candidates, including $2.5 million to Mitch McConnell himself (7).
  1. https://news.harvard.edu/gazette/story/2013/02/breyer_elected/
  2. https://news.harvard.edu/gazette/story/2013/04/blavatnik_accelerator_donation/
  3. https://www.accessindustries.com/about/academic-boards-committees/
  4. https://www.cnbc.com/2017/07/21/delivering-alpha-2017-jim-breyer.html
  5. https://sanfrancisco.cbslocal.com/2013/04/27/facebook-board-member-jim-breyer-stepping-down/
  6. http://docplayer.net/54127503-Harvard-global-advisory-council.html
  7. https://www.dallasnews.com/opinion/commentary/2017/08/03/tangled-web-connects-russian-oligarch-money-gop-campaigns
Breyer invests in Russian Companies
In 2014 Breyer’s Accel Partners invested in Russian hotel booking site, Ostrovok, along with Yuri Milner, Esther Dyson (1), Mark Pincus, and Peter Thiel (2).
Accel Partners also invested in Avito.ru in 2012 (3) and KupiVIP.ru in 2011 (4).
  1. https://techcrunch.com/2014/06/18/ostrovok-raises-new-12m-series-c-round-to-expand-outside-russia/
  2. http://idcee.org/participants/companies/ostrovok/
  3. http://www.ewdn.com/2012/05/02/avito-ru-secures-75-million-investment-from-accel-partners-and-baring-vostok/
  4. http://www.ewdn.com/2011/04/14/leading-private-shopping-club-kupivip-ru-completes-55-m-funding/
Jim Breyer, Blackstone Group, and Saudi Arabia
In 2011 Schwarzman was named to the board of the Russian Direct Investment Fund (2), headed by Kirill Dimitriev.
In June 2016, during Trump’s presidential campaign, Jim Breyer met with Saudi Crown Prince Mohammed bin-Salman, or MBS (8). The next month Breyer joined the board of Blackstone Group (1) alongside Stephen Schwarzman and Jacob Rothschild (3). In the past Blackstone Group had loaned Kushner Companies a combined $400 million over multiple projects (7). In the 2018 election cycle, Schwzarman donated $5 million to the pro-McConnell superPAC, Senate Majority PAC (13).
Jacob’s brother, Nat, is business partners with both Oleg Deripaska (4), Rupert Murdoch, and Dick Cheney (5). Nat is also a major investor in Glencore, one of the purchasers of Rosneft stock detailed in the Steele Dossier (6), and RusAl.
In January 2017, Breyer’s business partner at Wickr, Erik Prince, was introduced to Dimitriev by MBS’s emissary, George Nader, and the Crown Prince of the UAE (10).
On October 22, 2018, three weeks after the murder of Jamal Khashoggi, when most American investors were spooked away from Saudi Arabia, Jim Breyer showed up at an MBS-hosted Saudi business summit alongside Kirill Dimitriev of the Russian Direct Investment Fund (9). That same day, MBS pledged $20 billion for Blackstone Group's new infrastructure fund (11) to fund Elaine Chao's $1.5 trillion infrastructure plan (12). Elaine Chao, Mitch McConnells wife and Jim Breyer's sister-in-law, is Trump's Secretary of Transportation.
  1. https://www.blackstone.com/media/press-releases/article/jim-breyer-to-join-blackstone-s-board-of-directors
  2. https://rdif.ru/Eng_fullNews/53/
  3. https://en.wikipedia.org/wiki/Jacob_Rothschild,_4th_Baron_Rothschild
  4. https://www.telegraph.co.uk/news/politics/conservative/3236166/Muddy-waters-over-Oleg-Deripaska-Nat-Rothschild-and-George-Osborne.html
  5. https://www.nationofchange.org/2017/01/15/cheney-rothschild-fox-news-murdoch-drill-oil-syria-violating-international-law/
  6. https://en.wikipedia.org/wiki/Nathaniel_Philip_Rothschild
  7. https://www.bloomberg.com/news/articles/2017-05-26/the-kushners-the-saudis-and-blackstone-behind-the-recent-deals
  8. https://www.thetrustedinsight.com/investment-news/saudi-prince-mohammed-met-with-20-silicon-valley-innovators-in-tech-summit-20160628142/
  9. https://www.latimes.com/business/la-fi-moelis-saudi-arabia-20181023-story.html
  10. https://www.vox.com/2018/3/7/17088908/erik-prince-trump-russia-seychelles-mueller
  11. https://www.bloomberg.com/news/articles/2018-10-22/how-blackstone-landed-20-billion-from-saudis-for-infrastructure
  12. https://www.bloomberg.com/news/articles/2018-10-22/how-blackstone-landed-20-billion-from-saudis-for-infrastructure
  13. https://www.washingtonpost.com/news/post-politics/wp/2018/07/20/big-money-is-flowing-into-the-2018-fight-for-the-senate/?noredirect=on&utm_term=.f59ac6f2ebe5
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Current State & The Future Of Digital Assets From Ariel Ling, BitMax COO.

Current State & The Future Of Digital Assets From Ariel Ling, BitMax COO.
Ariel Ling, co-founder and COO of BitMax, has shared her thoughts on the current state of digital assets and what to expect in the next years, what retail investor should take into account when buying any cryptocurrencie and the key factors that drive the value of the token/coin.
Ariel Ling, BitMax COO
Why, when and how have you started your crypto journey?
I started my crypto journey at the beginning of 2018 when my long-time friend, the co-founder and CEO of BitMax.io, Dr. George Cao “pulled” me out of the traditional Wall Street and asked me to join him in launching this exciting venture. Three main drivers are 1) to learn more about blockchain technology and its transformational applications in different industries; 2) to leverage in-depth traditional finance expertise to improve overall crypto trading and exchange market structure for better efficiency and transparency; 3) to have a chance to work with a talented and driven team who share similar vision, passion and conviction to build a top global digital asset trading platform as well as a wonderful organization from good to great!
If your friend will ask you: should I consider cryptocurrencies as investment opportunity? What will be your answer? Will you recommend any specific digital asset?
Coming from traditional finance perspective, I would explain my thoughts process from three angles — 1) types of crypto or digital assets as the foundation for understanding; 2) whether they, are more for short-term trading or mid-term investment 2) what are elements for investment valuation and decision-making so our friends can assess and make decision for themselves.
First, in general there are three types of digital assets:
  • Major currency / coin-type like Bitcoin, ETH, XRP, Litecoin, etc. and stable coins;
  • Security-type tokens representing some equity or debt rights of underlying projects;
  • Utility tokens for usage on specific blockchain platform or network.
Each type represents different type of opportunity and risk.
Second: is digital asset good for trading or investment? due to the nascent nature and very short history of market development with most of retail investors’ participation and lack of proper regulatory framework globally, there are quite some market manipulation, speculation and fraud activities in the current market, causing significant volatility and investors loss across all types within very short period of time. This made it very hard for any investors to assess the real valuation and momentum drivers behind those large swings. So at this point, I would think with its high volatility and risk, digital asset in general is more of very short-term trading product than investment vehicle. From liquidity perspective, major currency/coin-type will have more market depth across exchanges, hence more suitable for short-term trading-focused strategies.
Third, from traditional investment perspective, it is critical to assess digital asset investing from valuation and fundamental perspectives, such as business model, future growth, economic return vs. person’s risk tolerance and investment objectives. For major coins, especially Bitcoin itself with its longest history among all the digital assets, have started to provide certain payment function similar to fiat currencies in certain countries. Hence, there are more interesting dynamics to the Bitcoin investing based on one’s view of Bitcoin usage over mid-term horizon and the relative valuation vs its production (mining cost) especially with the price down to 3,500–3,650 USD. For security-type or utility tokens, the performance over short-to-medium term really comes down to combination of intrinsic value of underlying blockchain projects and token economics. Similar to Internet in 1990s, blockchain technology projects are still at the early stage of development and looking for meaningful and applicable use cases to bring real economic benefit from the economics and business model perspective, so it becomes very difficult to apply traditional finance valuation and assess the real intrinsic value of those projects. Recent market crash has brought many of those tokens down to near zero value. So the investment in those tokens are extremely high risk and everyone should be really careful and prudent in the evaluation of any specific projects for the decision-making and risk protection.
What is the story behind BitMax? Who are the foundefounders? When it was founded?
Q1 2018, Dr. George Cao and I founded Global Digital Mercantile (GDM), global operator of digital asset platforms, including BitMax.io based on Singapore for overseas markets and North America’s trading platform aiming for the first half of 2019. BitMax.io started public beta testing mid July, 2018, and was officially launched later mid August. On November 18th , we launched our mining mechanism, the industry very first transaction-mining & reverse-mining mechanism, which has made us the industry leading third-generation cryptocurrency exchange — after first generation of traditional exchanges like Binance, Gemini, Coinbase, etc. and 2nd generation of transaction-mining ones like FCoin, Bitthumb, etc.
Just a quick introduction of my partner. Dr. Cao studied Computer Science in the University of Science and Technology of China, and earned his PhD degree from the University of Chicago. Dr. Cao was the Founder and the Chief Investment Officer of Delpha Capital Management, LLC., New York, specializing in trading equity, ETFs and commodity future products in all major exchanges across the globe. He is also the founder and managing partner of Whitestone Investment Group, a New York based venture fund that invests in a large variety of startup companies that are in the high tech, fintech, big data and medical area. Before founding Delpha Capital, Mr. Cao worked at the Equity Division of Barclays Capital in both the New York and London offices. During that period, he oversaw equity electronic trading in the U.S., European and Asian markets. Prior to Barclays, he researched and traded U.S. equity as a Portfolio Manager at Knight Capital Group.
For me, I have built more than 18-year extensive experience in strategic planning, business development, financial risk management and regulatory implementation across major trading asset classes (Equity, FX, and Fixed Income) at several top global banks. Previous to jumping into digital asset trading, I ran USD liquidity and investment product for top financial institutions and corporate clients at tier-one global investment bank. Before that, I ran US Broker Dealer as COO and head of Business Development for Germany 2nd largest bank. Earlier from 2007 to 2012, I was global equity trading COO across Lehman Brothers and Barclays Capital, building out trading franchise and market making businesses globally. I have four degrees — graduated top of class from Nankai University with two Bachelor degrees in Finance and English Literature and got my MBA from NYU and Master of Mass Communication from University of Georgia.
Where is Bitmax located? Are you a distributed team or do you have an office to work together? How many people work for Bitmax?
Our global team of 50 members are based off two main location — New York with 20 members, including all the founding members, and Beijing with 30 members.
Would you be so kind to introduce briefly the core team members?
Both George and I are very proud of our 10-member founding team. Similar to us, they are all from Wall Street top firms like Morgan Stanley, Deutsche Bank, Goldman Sachs, Bloomberg, and top high-frequency hedge funds with deep experience in the fields of financial engineering research and development of large-scale quant trading infrastructure. Our educational background span across multiple prestigious institutions including Columbia University, University of Chicago, Carnegie Mellon University, and New York University in the United States, as well as Peking University and Tsinghua University in China. So one special thing about BitMax.io is that very few exchanges in the crypto trading space are built by solid team like ours with strong traditional finance mindset and trading background.
You’ve started BitMax during market downtrend in pretty competitive environment. What is your value proposition? Why traders should switch to BitMax?
I think BitMax.io is actually very special in this market, and our team is very proud of what we have built in the short period of six months. There are at least three reasons I think traders should chooseBitMax.io:
  • It’s our real-word professional trading experience and expertise;
  • It’s is our platform, resilient, high volume quantitative-trading platform;
  • It’s is our top-quality customer-centric strategy.
First of all, as I mentioned in the last question, architected by a group of Wall Street veterans, BitMax.io builds upon the core value of blockchain, transparency and reliability, and delivers high-quality client services and trading experience through its innovative trading platform.
Second, our quant-driven tech platform. Our development members were all from high frequency and quantitative systematic trading shops. They definitely make sure the platform was resilient and it can actually handle billions of volume during the design and build. The platform resilience and scalability were fully being tested when we launched the transaction mining and reverse-mining. The first day, we actually had, within the first 24 hours, the trading volume of 1.6 billion in notional; and our system didn’t flinch, didn’t slow down, and didn’t shut down. This is very rare in any of today’s exchanges where you can frequently see the slowdown, the crash, and very slow user responses, especially with transaction mining exchanges.
Third, what we are extremely proud of and all the users can see, is our 24/7 customer services built upon the core Wall Street client-centric concept. Besides our customer support team who never sleep, George actually stands behind the platform almost 24/7 answering questions from the customers, seeking solutions for their issues, and providing the most responsive customer service for the entire crypto trading space.
BitMax CEO, George Cao, is often seen in official Telegram group answering different questions.
We constantly remind our team: customer first. When we design a product, when we launch a system, and when we look at user needs, we all look from customers’ perspective, from how we can protect the users. When we look at primary listing, we only select the high-quality projects because we want our users to have the best investment and trading experience on BitMax.io.
Are you satisfied with the current results of BitMax? Is transaction mining model giving expected volume? What is the % of traders using this model?
We are very pleased with current business development and delivery results from client acquisition and trading perspectives.
On the business development side, we completed the global setup for both 50-member team organization and comprehensive legal entity structure from Asia to North Americas in 2018, which laid down foundation and paved way for 2019 business expansion especially with US.
Since our platform launch in mid Aug, we successfully started Industry FIRST transaction mining and reverse-mining exchange and built out the most active global communities and users within four months in the bear market, with registered users more than 95k; average daily active traders more than quadrupled since the start of transaction mining; average daily trading volume of $465mm through the month of January and February in 2019. Those are extremely promising under this tough market condition.
From the composition of trading volumes, there are two parts — transaction mining which grows exponentially; second is organic, the regular trading which has experienced healthy increase as well because of all the listing activities and all the incentives we have. The regular trading takes about 5% of total trading volume, which is very good for an exchange which was launched in August and running right into the bear market.
What are the key factors that drive the value of the token/coin?
From traditional finance /investment view token economics is really a balance act between business / economic model and exchange market force, driven by three factors: intrinsic value and sustainability, supply and demand, and liquidity and depth.
First, from a traditional finance perspective, we need to look at the intrinsic value, the economic valuation behind a project. How does this project make money? Do they really have fundamentals? Do they really have a viable business model? Do they really have a solid user base for future growth? For example, our exchange business model is very simple. We are exchange; People trade on our platform. The more they trade, the more transaction fee the exchange collect — the revenue source. The exchange will last when people keep trading on the platform and the transaction revenue generated covers the operating cost of running an exchange.
Second, it is the supply and demand of token on the market — who will buy and for what purpose; who will sell and under what scenarios. For major currency coins like Bitcoin, people might buy and sell for potential investment or use in actual payment processing. For other types of token, it is more driven by short-term trading pattern and profit taking. So it is extremely important to set up certain token mechanism to support the equilibrium of supply and demand like how Central Banks manage the supply of currency in circulation through monetary policies.
Third, when the market force comes in, it comes down to the liquidity and depth. Exchange is about liquidity and market depth. That means there has to be enough of trading volumes at each pricing level for each token. For BitMax.io, we have very sophisticated market making model that is similar to Designated Market Maker model of New York Stock Exchange. We focus on providing liquidity and maintaining a fair and orderly market for those token listings who agree to engage our market making services.
Every exchange is looking for good projects in order to become a premiere market for this new asset. Can you name some projects that impressed you recently (even if you are not discussing possible listing with them)?
BitMax.io has strict listing requirements in order to identify high-quality projects for our users. Very proud that we have listed five industry star projects in the last several weeks, with more in the pipeline. All of them have the following attributes that made them successful — viable and profitable business model, growing user bases, strong community support, and comprehensive funding sources.
One of the shining examples is European project named LTO Network listed mid Jan. Its price has been steadily rising since then, as more and more people get to know their business model and more project support comes into the market place to buy the tokens — It uses blockchain technology to streamline a lot of legal processing for one of EU governments, which is very easy to understand its economic value from a revenue perspective. This is simply what people need to see eventually, clean and clear from business economic model perspective.
Let’s imagine a crypto market in 5 or 10 years. Can you make any prediction what the market will look like? What customers will expect from exchange in 5–10 years?
Based off my long-time experience in traditional trading, especially how equity market evolved last twenty years, I would imagine maturing market structure and entrance of institutional investors are key mandatory and healthy development of digital asset market.
First, As the market develops and expands globally, traditional institution participation is a must, in order to upgrade and strengthen the overall market structure and maturity, making it more transparent and resilient, and most importantly enabling the real broad-base adoption of digital assets. Most institutional investors, such as mutual fund, pension fund and other financial institutions, hold the majority of world investment assets, not individual retail investors. Only when those big guys join the market, will there be real revolutionary improvement and expansion of the digital asset just like any other financial markets.
Second, I would expect the market to become more structured with major building blocks for transparent trade life cycle processing and separate risk analytics supporting services. Current crypto trading market is very fragmented with exchanges taking on different roles of trading, wallet management, custodian, etc. Also the lack of clear and consistence regulation on market structure has led to many aspects of market inefficiency — inconsistent liquidity and depth, wide spread, high transaction cost, high volatility, speculation, etc. This definitely hampers the broader adoption of digital assets from institutional investors.
Forward looking, multi-tier structure under some level of regulatory framework with clear guidance is required for future maturing market. Similar to security market, there should be at least three layers of different and independent roles: the role of broker dealer to handle the client relationship with good KYC/ AML processes, retail clients, other financial institutions, blockchain players and to take client order as agent or dealer; the role of exchange to focus on listing and trading — liquidity provision and order matching; the role of clearing house to provide clearing and settlement and custodian on custody of assets with proper control and independence. It is very clean and clear with good check and balance in place.
What are the key challenges for 2019?
During our 2018 business planning, we clearly view 2019 to continue being full of challenges with market uncertainty from both asset price and valuation as well as regulatory development globally. In prep for that and further growth of our platform, we have laid out the following four main strategic objectives and they are all well underway:
  • To launch North America trading platform for high networth and institutional clients. With North America being heavily regulated market, there are two aspects of our plan — First is to leverage a trust structure to facilitate the major coin trading with fiat, and the second is broker-dealer license application with potential for securitized tokens pending regulatory guidance in place.
  • To enhance BitMax.io platform and reach global top-tier exchange. We will continue listening to our users and working hard to enhance user interface and experience by upgrading website vs. other competitors for better client retention.We will continue leading product innovation among the competitors with margin trading (successfully launched in mid Feb) and then derivative to attract new clients.
  • Relent focus on implementation and expansion of current business lines — listing, Market Making, marketing advisory services to grow current revenue base; and further seek new revenue opportunity through North America platform while maintaining cost discipline.
  • we are always on the lookout in terms of exchange alignments, acquisition target, and any business partnership from different aspects of the value chain.
When do you expect a market recovery or next bull run? What are the factors that will influence the start of the market recovery?
With current market crash or correction, there are two possibilities from trading perspective — recovery depending on whether this is a V down or U curve. The U curve occurs when the market collapses, it takes a longer time for market to find the bottom and struggle to rise up. The V down is like a quick collapse — dropping down very fast and reaching the bottom, and then, with some catalyst event, either catalyst from market structure, or catalyst from the market expansion itself, suddenly it gives a boost and bounces right back up.
For market recovery, besides all the investment and economics elements I’ve discussed above, I believe one critical factor is the regulatory development especially clear guidance from key regulatory bodies of those major financial markets such as US, UK, EU, etc. on those key building blocks I mentioned in the maturing market structure. Once those in place, more traditional institutional investors will be ready to get in and hence boost the liquidity and valuation of the digital assets. That is the new beginning of digital assets being accepted as part of Main Street investment globally.

submitted by BitMax_Support to BitMax [link] [comments]

DD on Ripple's Board of Directors

With the appointment of Zoe Cruz, I did some research on the entirety of Ripple's board members and compiled in list form their employment history, accolades/awards, and other board relationships. I know most of this info is on Rippple's Board site, but having it in list form is sometimes easier for me to read and process.
I put this together for my own research, hoping this will be helpful to others. Seeing the many accomplishments and powerful connections Ripple's board has made me even more confident of my investment in XRP. To me, XRP is an investment in people, not just a currency or a technology. If I can trust the people running the show, it gives me more faith in XRP's future.
Most interesting person to research was Susan Athey. She is also on the Board at Expedia.com, who owns HomeAway, an AirBNB competitor. I know people have been guessing what those two household names are, and I've seen AirBNB including in the discussion. If people are speculating that AirBNB is one of the names, I think it makes sense that a competitor like HomeAway/Expedia should be considered as well. But this is just pure speculation.
If you're interested, Susan Athey also held a Quora session back in Jan 2016. She answered a couple questions on the future of Bitcoin and Ripple.
Anyways, here's the list:
Gene Sperling
*President, Sperling Economic Strategies (Present) *Director of the National Economic Council (2011-2014) *Counselor to Treasury Secretary Timothy Geithner (2009-2011) *Chief Economic Adviser for Hillary Clinton's 2008 Presidential Campaign *Director of the National Economic Council for the Clinton Administration (1996-2001) *Deputy Director of the National Economic Council for the Clinton Administration (1993-1996)
Founder and Director of the Center for Universal Education at the Council on Foreign Relations and the Brookings Institution.
Named one of the 100 Most Powerful People in Finance worldwide in 2013 by Worth Magazine. Named one of the 50 Most Powerful People in Washington by GQ in 2012.
Takashi Okita
*CEO, SBI Ripple Asia (2016-Present) *Co-founder and CEO, econtext Asia, leading provider of online payment services and e-Commerce solutions (2012-2015) *Co-CEO, SBI Research Co.,Ltd (2009-2015) *Co-founder and CEO, VeriTrans, leading online payment solution provider in Japan (2005-2015)
Non Executive Director of SOFTBRAIN Co,.Ltd. (2014-2017) Non Executive Director of Clara Online, Inc. (2015-2017) Council member for the Financial Agency of Japan (2014-2015)
Named one of the “100 People to Change Japan” in 2014 by Nikkei Business
Anja Manuel
*Co-founder and Managing Partner, RiceHadleyGates LLC (2009-Present) *Lecturer and Fellow, CISAC, Stanford University (2009-Present) *Counsel, WilmerHale (2007-2009) *Special Assistant to the Under Secretary for Political Affairs, Nicholas Burns, U.S. Department of State (2006-2007) *Associate, WilmerHale (2001-2005) *Investment Banker, Salomon Brothers International (1996-1997)
Board member:
Overseas Shipping Group, Inc. Flexport Inc. Center for a New American Security The Crown Prince of Bahrain The American Ditchley Foundation Governor Brown’s California Export Council
Benjamin Lawsky
*CEO, The Lawsky Group (2015-Present) *Superintendent of Financial Services, Department of Financial Services, New York (2011-2015) *Chief of Staff for Governor Andrew Cuomo, New York (2011) *Special Assistant to the Attorney General (2007-2010) *Assistant United States Attorney, US Attorney for the Southern District of New York (2001-2006) *Chief Counsel to Senator Charles Schumer, US Senate Judiciary Committee (1999-2001) *Trial Attorney, US Department of Justice (1997-1999)
Ken Kurson
*Senior Managing Director, Teneo Strategy (2017-Present) *Editor in Chief, Observer Media (2013-2017) *Columnist, Esquire Magazine (1996-2016) *Executive VP, Jamestown Associates (2008-2012) *COO, Rudy Giuliani Presidential Committee (2006-2008) *Deputy Communications Director , Giuliani Partners (2002-2006) *Editor at Large, Money Magazine (2000-2002) *Guest Analyst, CNN (1995-2000) *Editor of GreenMagazine.com, Bankrate, Inc. (1998-2000) *Staff Writer, Worth Magazine (1995-1997) *Associate Editor, United Media (1995-1996)
Named 2014's Journalist of the Year by Algemeiner magazine.
Brad Garlinghouse
*CEO, Ripple (2017-Present) *President and COO, Ripple (2015-2016) *CEO and Chairman, Hightail, formerly YouSendIt (2012-2014) *President, Applications and Commerce, AOL (2009-2011) *Sr. Adviser, SilverLake Partners (2009) *SVP Communications, Yahoo (2003-2008) *CEO, Dialpad Communications (2000-2001) *General Partner, @Ventures (1999-2000) *Bus Dev, @Home Network (1997-1999)
Board Member:
Ancestry.com (2013-2016) Tonic Health (2011-2016) Animoto (2012-Present)
Zoe Cruz
*Senior Advisor, Promontory Financial Group, LLC (2016-Present) *Independent Non-Executive Director, Old Mutual (2014-Present) *Founder and CEO, EOZ Global (2013-Present) *Founder and CEO, Voras Capital Management LP (2009-2012) *Co-President, Morgan Stanley (1982-2007)
On Forbes' Most Powerful Women list for three years, 2005 (#16), 2006 (#10) and 2007 (#34).
Susan Athey
*Professor, Stanford Graduate School of Business (2013-Present) *Professor, Harvard (2006-2012) *Professor, Stanford University (2001-2006)
Member, Board of Directors at Expedia, Inc. (2015-Present) Advisor, Nyca Partners (2014-Present) Consulting Economist, Microsoft (2007-Present) Advisor, XSeed Captial (2014) Member, President's Committee for the National Medal of Science (2011) Executive Committee Member, American Economics Association (2008-2010)
Numerous accolades, including:
John Bates Clark Medal (2007) Elaine Bennett Research Prize (2000) Elected to National Academy of Science (2012)
Chris Larsen
*CEO and Co-Founder, Ripple (2012-Present) *CEO and Co-Founder, Prosper.com (2005-2012) *CEO and Co-Founder, E-LOAN (1992-2005)
Advisor, Distilled Analytics, Inc. (2016)
Links used:
https://ripple.com/ripple_press/former-chief-white-house-advisor-gene-sperling-joins-ripple-labs-board-of-directors/ https://en.wikipedia.org/wiki/Gene_Sperling http://www.econtext.asia/ https://www.bloomberg.com/research/stocks/people/person.asp?personId=65309669&privcapId=7713659 https://www.linkedin.com/in/takashi-okita-ba03822b/ https://www.linkedin.com/in/anja-manuel-26805023/ http://anjamanuel.com/anjamanuelbio/ http://ricehadleygates.com/ https://en.wikipedia.org/wiki/Benjamin_Lawsky https://www.linkedin.com/in/ben-lawsky-6aa97014/ https://www.linkedin.com/in/ken-kurson-919a7a8/ http://www.teneoholdings.com/leaders/ken_kurson https://www.linkedin.com/in/bradgarlinghouse/ https://ripple.com/company/board-of-directors/ https://www.linkedin.com/in/zoecruz/ https://ripple.com/insights/zoe-cruz-joins-ripples-board-directors/ https://www.oldmutualplc.com/people/zoe-cruz.jsp https://www.forbes.com/lists/2007/11/biz-07women_The-100-Most-Powerful-Women_Rank_2.html https://en.wikipedia.org/wiki/Forbes_list_of_The_World%27s_100_Most_Powerful_Women https://www.forbes.com/lists/2005/11/Name_2.html http://www.expediainc.com/about/leadership/ https://www.linkedin.com/in/susanathey/ https://en.wikipedia.org/wiki/Susan_Athey https://www.linkedin.com/in/chris-larsen-7721772/ https://en.wikipedia.org/wiki/Chris_Larsen
[edited to deal with some spacing issues]
submitted by koodlemind to Ripple [link] [comments]

Bitcoin Inventor Can't Access Coins Requested In $10B Law Suit

Law360, West Palm Beach (June 28, 2019, 10:26 PM EDT) -- The Australian computer scientist who claims to have invented bitcoin told a Florida federal court Friday he cannot comply with a court order to produce a list of his bitcoin holdings in a $10.2 billion lawsuit against him.
Craig Wright, who took the stand in West Palm Beach, said that's because the bitcoin holdings are held in a blind trust and he does not have the requisite keys to access them.
Wright explained to the court why he could not produce the list of public addresses, or unique identifiers, of his bitcoin holdings as of Dec. 31, 2013, as requested by plaintiff Ira Kleiman, who claims Wright stole $10 billion worth of bitcoins from the company of his deceased brother Dave Kleiman, who is said to have helped invent the cryptocurrency bitcoin.
Wright explained that the bitcoins have 15 different key "slices," at least eight of which would be necessary to access them. He said he had some of the slices and Dave Kleiman had some of the others, and he’d directed Kleiman to give them to bonded couriers who would return the key slices on certain dates. He said he has no idea if Kleiman set them up correctly or who holds the other slices.
He said some of the slices would not become available until June 2020, which caught the attention of U.S. Magistrate Judge Bruce Reinhart.
“So since 2016 you have known that you didn’t have access to these files and wouldn’t have access until 2020?” Judge Reinhart said. “And you knew that in February 2019 and in March 2019?”
Wright, who lives in the U.K., was on the stand Friday after being ordered by Judge Reinhart to show up in court and explain why he could not comply with a March order to produce a list of his bitcoin holdings, as well as certain documents and certifications related to a blind trust in which Wright says he put his bitcoin holdings in 2011. The judge is considering whether or not to recommend sanctions, including possible contempt of court, for defying the court order.
Wright testified that though he wanted to comply with the order, it was impossible for him to do so.
“If there was any way at all that I could, then I would,” he said.
He said he is ashamed of his invention, which he says has been used to trade in drugs, weapons and child pornography.
“I set up bitcoin to be honest money,” Wright said. “I set up bitcoin to fix the problems of every other digital cash that had been. Every single other one had fallen to crime. I thought I would set up the world’s first digital cash that would not fall to crime.”
But as others he worked with launched dark web sites like Silk Road and Hydra, Wright said through tears that he stopped mining bitcoin completely in August 2010. Whatever bitcoins he owned were put into a blind trust that he says will go to funding educational charities.
Wright said it was Dave Kleiman who talked him out of destroying the bitcoins entirely. In 2011, Wright said they were not worth much money and he thought they would “drag [his] life to hell.”
“If I had my way, I would’ve put a hammer through the hard drive that held those,” Wright said.
During cross-examination, Wright was also questioned about an email he’d submitted that Ira Kleiman says is forged. In the email, dated Dec. 20, 2012, Dave Kleiman allegedly appoints a woman named Uyen Nguyen as director of W&K Info Defense Research LLC, the company Kleiman and Wright co-founded. But the cryptocurrency community, and an expert hired by Kleiman’s estate, have pointed out that the PGP signature at the bottom of the email was generated on March 12, 2014, one year after Kleiman’s death.
Wright denied ever changing the date on the email, accused Kleiman’s counsel of misleading the court by presenting a doctored pdf of the email, and said the data had come from a known compromised server. The email came from his staff, he said, which was attempting to push his company into liquidation at the time.
“You want me to comment on a file from a server run by a person who was trying to force me into liquidation so they could sell my intellectual property,” Wright said.
At one point, Wright accused Kleiman’s counsel of committing perjury and threw the document into the air in frustration, which immediately drew a sharp rebuke from the judge.
“You throw another document in my courtroom, you will be in handcuffs so fast your head will spin,” Judge Reinhart said.
Wright later apologized for the comment, and the judge agreed that he would not hold it against him in any ruling.
The parties got through Wright’s testimony but did not have time to put their expert witnesses on the stand and will have to reconvene for a second hearing at a later agreed-upon date.
Kleiman’s estate sued Wright in February 2018 for more than $10 billion — representing up to 1.1 million bitcoins at the time of the suit — and intellectual property related to bitcoin software, alleging that Wright has schemed to seize Kleiman’s bitcoins ever since his death in 2013.
Wright, according to the suit, forged documents to make it appear that Dave Kleiman had previously signed away ownership of W&K. But when Ira Kleiman challenged the veracity of the documents, he was reportedly promised funds from his brother’s estate, although those payments never materialized, according to the suit.
Wright orbited outside the public's view until 2015, when Australian tax authorities investigated his role in developing the currency, eventually leading him to acknowledge that he was Satoshi Nakamoto, the pseudonymous inventor of bitcoin, a claim he later refused to substantiate but one that he never withdrew.
Wright has called the suit a shakedown and said the complaint is based on speculation and motivated by greed. He says Ira Kleiman tried to mine his brother’s hard drives after his death, only to find that any possible fortune hidden therein was encrypted and out of reach.
Instead of being able to cash in, Wright accused Kleiman of drudging up tired slander to fabricate a lawsuit that echoes claims over bitcoin fraud and the ownership of intellectual property rights to the code used to create the bitcoin software that were already settled in Australia, where the Supreme Court of New South Wales awarded Wright 28.5 million Australian dollars ($22.15 million at the time).
Ira Kleiman is represented by Velvel (Devin) Freedman, Kyle W. Roche and Stephen N. Zack of Boies Schiller Flexner LLP.
Wright is represented by Andres Rivero, Amanda McGovern, Zaharah Markoe, Alan H. Rolnick, Bryan Lee Paschal and Schneur Zalman Kass of Rivero Mestre LLP.
The case is Kleiman et al. v. Wright, case number 9:18-cv-80176, in the U.S. District Court for the Southern District of Florida.
--Additional reporting by Christopher Crosby. Editing by Bruce Goldman.
submitted by FutureBitcoinSV to bitcoinsv [link] [comments]

A Look at DCG & Bitfury's Incestuous Ties With the U.S. Government

Peter Todd Tweet in 2014: https://archive.is/vKZ9C
[email protected] I gotta say, looks really bad legally how Austin Hill's been negotiating deals w/ pools/etc. to get control of hashing power.
Board of Digital Currency Group
Glenn Hutchins
Advisory Board
Larry Summers
DCG of course is an investor in both Blockstream and BTCC.
DCG's money comes from:
DCG also owns Coindesk.
BTCC and Bitfury are the only two large mining pools who are outspoken in their support of Bitcoin Core.
The Bitfury Group Leadership to Present at Clinton Global Initiative (https://archive.is/MWKee)
Full Video (Begins at 32:00)
“The Bitfury Group is proud to be the world’s leading full service Blockchain technology company, we are deeply honored to represent this innovation to an audience of extremely dedicated game-changers, and we look forward to highlighting our company’s groundbreaking ‘Blockchain for global good’ work at such an important event, said Smith. “From the White House to the Blockchain, I know this technology has the power to deliver inclusion and opportunity to millions, if not billions, of people around the world and I am so grateful to work for a company focused on such a principled vision.”
Bitfury Lightning Implementation
  • In partnership with a French firm called ACINQ (http://acinq.co)
  • ACINQ is a subsidiary of the larger ACINQ Financial Services
  • CoinTelegraph: Bitfury Lightning Network Successfully Tested With French Bitcoin Company
  • TEAM: https://archive.is/Q5CNU
  • ACINQ’s US Headquarters is in Vienna, Virginia, a small town of only 16,000. Why would a global financial firm choose to locate here? -- Feeder community into Washington, D.C. Has an orange line metro stop. -- Located in Fairfax County, VA. -- The US Federal Government is the #2 largest employer -- Booz Allen Hamilton (NSA front company) is #6 largest employer -- In fact, most of the top employers in Fairfax County are either US Federal Gov’t or companies that provide services to Federal Government -- The county is home to the headquarters of intelligence agencies such as the Central Intelligence Agency, National Geospatial-Intelligence Agency, and National Reconnaissance Office, as well as the National Counterterrorism Center and Office of the Director of National Intelligence.
Chairman: Avinash Vashistha
CEO: Chaman Baid
CSO: Nandan Setlur
  • https://www.linkedin.com/in/nandansetlur https://archive.is/wp3L0
  • From 1986-1993 he worked for Information Management Consultants (imc) Ltd as a Technical Consultant with various federal government agencies. McLean, Virginia
  • 1993-2000 Technical Consultant for Freddie Mac, in McLean Virginia
  • From 2000-2007, President of InterPro Global in Maryland
  • From 2011-2012, Director of VibbleTV in Columbia, Maryland
  • From 2008-Present has been Executive Director at ACINQ and Managing Partner at Vine Management, both in Vienna, Virginia.
BitFury Enhances Its Advisory Board by Adding Former CFTC Chairman Dr. James Newsome and Renowned Global Thought Leader and President of the Institute for Liberty and Democracy Hernando de Soto (Businesswire)
Bitfury Board of Directors
Robert R Dykes
The other board members include two Bitfury founders, and an investor.
Bitfury Advisory Board
James Newsome
  • Ex-chairman of CFTC
  • Dr. Newsome was nominated by President Clinton and confirmed by the Senate to be at first a Commissioner and later a Chairman of CFTC. As Chairman, Newsome guided the regulation of the nation’s futures markets. Additionally, Newsome led the CFTC’s regulatory implementation of the Commodity Futures Modernization Act of 2000 (CFMA). He also served as one of four members of the President’s Working Group for Financial Markets, along with the Secretary of the Treasury and the Chairmen of the Federal Reserve and the SEC. In 2004, Newsome assumed the role of President and Chief Executive Officer of the New York Mercantile Exchange (NYMEX) where he managed daily operations of the largest physical derivatives exchange in the world. Dr. Newsome is presently a founding partner of Delta Strategy Group, a full-service government affairs firm based in Washington, DC.
Hernando de Soto
  • Hernando de Soto heads the Institute for Liberty and Democracy, named by The Economist one of the two most important think tanks in the world. In the last 30 years, he and his colleagues at the ILD have been involved in designing and implementing legal reform programs to empower the poor in Africa, Asia, Latin America, the Middle East, and former Soviet nations by granting them access to the same property and business rights that the majority of people in developed countries have through the institutions and tools needed to exercise those rights and freedoms. Mr. de Soto also co-chaired with former US Secretary of State Madeleine Albright the Commission on Legal Empowerment of the Poor, and currently serves as honorary co-chair on various boards and organizations, including the World Justice Project. He is the author of “The Other Path: the Economic Answer to Terrorism”, and his seminal work “The Mystery of Capital: Why Capitalism Triumphs in the West and Fails Everywhere Else.”
  • Frequent attendee at Davos World Economic Forum
  • Frequent Speaker @ Clinton Global Initiative http://www.dailymotion.com/video/x2ytfrs https://archive.is/MWKee
  • Criticisms: -- In his 'Planet of Slums'[104] Mike Davis argues that de Soto, who Davis calls 'the global guru of neo-liberal populism', is essentially promoting what the statist left in South America and India has always promoted—individual land titling. Davis argues that titling is the incorporation into the formal economy of cities, which benefits more wealthy squatters but is disastrous for poorer squatters, and especially tenants who simply cannot afford incorporation into the fully commodified formal economy. -- An article by Madeleine Bunting for The Guardian (UK) claimed that de Soto's suggestions would in some circumstances cause more harm than benefit, and referred to The Mystery of Capital as "an elaborate smokescreen" used to obscure the issue of the power of the globalized elite. She cited de Soto's employment history as evidence of his bias in favor of the powerful. https://www.theguardian.com/business/2000/sep/11/imf.comment http://www.slate.com/articles/news_and_politics/hey_wait_a_minute/2005/01/the_de_soto_delusion.html
Tomicah Tilleman
  • https://en.wikipedia.org/wiki/Tomicah_Tillemann
  • Dr. Tomicah Tillemann is Director of the Bretton Woods II initiative. The initiative brings together a variety of long-term investors, with the goal of committing 1% of their assets to social impact investment and using investments as leverage to encourage global good governance. Tillemann served at the U.S. State Department in 2010 as the Senior Advisor on Civil Society and Emerging Democracies to Secretary Hillary Clinton and Secretary John Kerry. Tillemann came to the State Department as a speechwriter to Secretary Clinton in March 2009. Earlier, he worked for the Senate Foreign Relations Committee, where he was the principal policy advisor on Europe and Eurasia to Committee Chairmen, Senators Joe Biden and John Kerry. He also facilitated the work of the Senate's Subcommittee on European Affairs, then chaired by Senator Barack Obama. Tillemann received his B.A. magna cum laude from Yale University. He holds a Ph.D. with distinction from the School for Advanced International Studies at Johns Hopkins University (SAIS) where he also served as a graduate level instructor in American foreign policy. http://live.worldbank.org/node/8468 https://archive.is/raDHA
  • Secretary Clinton appointed Tomicah Tillemann, Ph.D. as the State Department’s Senior Advisor for Civil Society and Emerging Democracies in October 2010. He continues his service under Secretary Kerry.
  • Mr. Tillemann and his team operate like venture capitalists, identifying ideas that can strengthen new democracies and civil society, and then bring together the talent, technology and resources needed to translate promising concepts into successful diplomacy. He and his team have developed over 20 major initiatives on behalf of the President and Secretary of State.
  • Mr. Tillemann came to the State Department as a speechwriter to Secretary Clinton in March 2009 and collaborated with her on over 200 speeches. Earlier, he worked for the Senate Foreign Relations Committee, where he was the principal policy advisor on Europe and Eurasia to Committee Chairmen, Senators Joe Biden and John Kerry. He also facilitated the work of the Senate's Subcommittee on European Affairs, then chaired by Senator Barack Obama. Mr. Tillemann’s other professional experience includes work with the White House Office of Media Affairs and five U.S. Senate and Congressional campaigns. He was a reporter with Reuters New Media and hosted a commercial radio program in Denver, Colorado. http://m.state.gov/md160354.htm https://www.newamerica.org/our-people/tomicah-tillemann/ https://archive.is/u2yF0
  • Director of “Bretton Woods II” initiative at New America Foundation Bretton Woods was an international summit that led to the creation of the IMF and the IBRD, one of five members of The World Bank
Jamie Smith
Jason Weinstein
Paul Brody (no longer appears on site, and his LinkedIn has no mention of Bitfury, but he is mentioned in a Press Release
  • https://www.linkedin.com/in/pbrody
  • Ernst & Young since 2015 as “Americas Strategy Leader”, “Global Innovation Leader”, and “Solution Leader”
  • Prior to E&Y, he was an executive at IBM since 2002
New America Foundation
Muskoka Group
[note: this is worthy of much more research]
  • https://www.bloomberg.com/news/articles/2016-08-29/blockchain-s-backers-embark-on-campaign-to-improve-its-image
  • Don Tapscott, co-author of the book “Blockchain Revolution,” hosted the meeting with his son and co-author Alex Tapscott at his family’s summer compound in Lake of Bays, Ontario. The group included some of blockchain’s biggest backers, including people with ties to IBM and JPMorgan. They considered ways to improve the governance and oversight of the technology behind the digital currency bitcoin as a way to fuel the industry’s growth. They included Jim Zemlin, executive director of the Linux Foundation; Brian Behlendorf, executive director of the Hyperledger Project, a blockchain supporter group that includes International Business Machines Corp., Airbus Group SE and JPMorgan Chase & Co.; and Ana Lopes, board member of the World Wide Web Foundation. Participants with blockchain industry ties include former deputy White House press secretary Jamie Smith, now chief global communications officer of BitFury Group Ltd., and Joseph Lubin, founder of startup Consensus Systems.
Blockchain Delegation Attends Democratic National Convention https://archive.is/k16Nu
Attendees:
Jamie Smith — The Bitfury Group & Blockchain Trust Accelerator Tomicah Tillemann— New America Foundation & Blockchain Trust Accelerator Alex Tapscott— co-author: Blockchain Revolution Brian Forde — MIT, Digital Currency Initiative
Brian Forde
  • Was the founding director of the MIT Digital Currency Initiative -Left his 4 year post as White House Senior Advisor for Mobile and Data Innovation to go directly to the MIT DCI
  • Brian Forde has spent more than a decade at the nexus of technology, entrepreneurship, and public policy. He is currently the Director of Digital Currency at the MIT Media Lab where he leads efforts to mainstream digital currencies like Bitcoin through research, and incubation of high-impact applications of the emerging technology. Most recently he was the Senior Advisor for Mobile and Data Innovation at the White House where he spearheaded efforts to leverage emerging technologies to address the President’s most critical national priorities. Prior to his work at the White House, Brian founded one of the largest phone companies in Nicaragua after serving as a business and technology volunteer in the Peace Corps. In recognition of his work, Brian was named a Young Global Leader by the World Economic Forum and one of the ten most influential people in bitcoin and blockchain. https://www.linkedin.com/in/brianforde https://archive.is/WjEGU
Alex Tapscott
World Economic Forum
  • Strategic Partners: https://www.weforum.org/about/strategic-partners
  • Includes Accenture (See Avinash Vashistha), Allianz, Deloitte (Scaling Bitcoin platinum sponsor, Blockstream Partner), Citigroup, Bain & Company (parent of Bain Capital, DCG investor), Dalian Wanda Group (working on blockchain technology), Ernst & Young (see Paul Brody), HSBC (Li-Ka Shing, Blockstream investor, used to be Deputy Chairman of HSBC), IBM, KPMG International, Mastercard (DCG Investor), PwC (Blockstream partner, also sponsor of Scaling Bitcoin)
  • Future of Financial Services Report [PDF] The word “blockchain” is mentioned once in this document, on page 23 (http://i.imgur.com/1SxyneJ.png): We have identified three major challenge areas related to innovation in financial services that will require multi-stakeholder collaboration to be addressed effectively. We are launching a project stream related to each area, with the goal of enabling tangible impact.... Decentralised systems, such as the blockchain protocol, threaten to disintermediate almost every process in financial services
  • The Steering Group who authored the report is a who’s who of the global financial elite. (Pages 4 & 5) http://i.imgur.com/fmYc1bO.png http://i.imgur.com/331FaX6.png
Bitfury Washington DC Office
Washington DC Office 600 Pennsylvania Avenue Suite 300 Washington, D.C. 20003
http://bitfury.com/contacts https://archive.is/ugvII
Bitfury Chosen for Ernst & Young Blockchain Startup Challenge
Deloitte Unveils Plan to Build Blockchain-Based Digital Bank http://www.consultancy.uk/news/12237/deloitte-unveils-plan-to-build-blockchain-based-digital-bank https://archive.is/UJ8Q5
submitted by 5zh8FoCiZ to btc [link] [comments]

Adding more products/services to existing Business

Looking for some guidance
My brother owns a welding/fabrication shop that is an LLC, and we are looking to expand or add to the business to invest more into it (Less than 10 employees right now)
For example we were thinking about adding an Amazon locker to the main office or outside for 24/7 access, this may help get the business more recognized in the area, fortunately we do not really need the extra business we are fairly busy all year, but we do sell propane and small products here and there that help out, and if people come to pick up a package and realize they can fill their propane here or order parts, etc this could help boost fast sales that do not require much labor
For example a couple years ago we bought some bitcoin mining rigs and added them to the business, we didn't make too much profit, but it was rewarding, and we gained lots of knowledge about crypto currencies and investing
Are there any other tech side hustles that we could invest some money into and sell a new product or service?
TL;dr we have extra money to invest in a new tech/service/product, to add to current welding business any suggestions?
submitted by Scrubby7 to Entrepreneur [link] [comments]

SEC Commissioner supported Bitcoin-ETF

SEC Commissioner supported Bitcoin-ETF
Commissioner for the Securities and Exchange Commission of the United States (SEC) Hester Pierce said that her office was too cautious about the approval of exchange-traded funds (ETF) based on cryptocurrency and called for speeding up the process. Oinvest reports referring to Financial Times.
https://preview.redd.it/0fdfd998ra231.jpg?width=745&format=pjpg&auto=webp&s=68955bdd9fe7ba629da4c3c15c808a3633e2e4f6
Last month, Pierce has already said that the SEC "stifles the ETF with its personal attention, as if talking about babies."
She said: “We need to keep an open mind about Fintech which might mean that we need to reconsider technologically outdated assumptions that underline currency laws. Fintech can mean many things to many people and its effect on how investors communicate with each other and transmit activities are important.”
At the moment, asset managers who intend to launch an ETF must apply in accordance with the Investment Company Act (1940), which, according to many experts, is quite strict regarding cryptocurrency funds.
It should be noted, that Pierce reiterated her support for the Bitcoin-ETF by Winklevoss brothers, whom the SEC refused last summer.
In May, the agency once again postponed consideration of applications for the launch of Bitcoin-ETF by Bitwise Asset Management and VanEck / SolidX.
Despite this, the NYSE Arca recently submitted to the SEC a request to change the rules for listing securities from an investment bitcoin trust managed by Wilshire Phoenix Funds.
This is not the only company that intends to launch Bitcoin-ETF on the NYSE Arca. On May 9, the SEC received an application from Crescent Crypto Index Services LLC to create an index fund that should track not only the quotes of the first cryptocurrency, but also Ethereum.
You can find more information about the cryptocurrency market on the Oinvest site.
The information above cannot be considered as an investment advice and past results do not indicate future performance.
\*Investors should have experience and understand the risks of losing all the initial investment)
submitted by Oinvest1 to u/Oinvest1 [link] [comments]

Ira Kleiman (Dave Kleiman's brother) has shares in a company together with Graig Wright

A small glimpse on Wright's Society structure has uncovered something surprising. It's a complex weave of societary relationships, but bear with me.
On jan 29th 2009 (just 20 days EDIT: AFTER the first bitcoins were mined) Wright sets up an Australian company, called Information Defense Pty Ltd ( 90 135 141 347 )
The majority of shares was later transferred to Wright's ex-wife, Lynn Wright, Craight Wright was director but had no shares [edit: he probably had some]. The company was de-registered in 2015.
A couple years later (feb 2011), an American company is founded with a similar name ( W&K Info Defence Research LLC )
The director is Dave Kleiman.
Craig's accountant (in the ATO transcript) describes the company like this:
Craig Wright took the Bitcoins that he had mined offshore. At the time, it was worth 3-4 cents. The total value of this was around $5000. He then started up W&K Info Defense LLC (W&K) with Mr Dave Kleiman. W&K was an entity created for the purpose of mining Bitcoins.
On september 2011, Kleiman writes to Wright about the "Tulip trust" and says
I acknowledge the trust and the transfer of Bitcoins to this trust.
My guess is that the trust Kleiman is speaking about, and whose existence he acknowledges, is this new Company, or is related to it.
This aligns with another declaration of Wright's accountant:
2011, bitcoin was transferred overseas. R and D then conducted in the US under – by a joint venture company formed as ..... effectively info defence research LOC.
But then Kleiman dies. What happens then exactly is not clear, but today the directors of W&K Info Defence Research LLC are:
Uyen Nguyen Coin-exch Pty Ltd (yet another Wright-related company)
Uyen Nguyen is very interesting because afer JPV's interview it was speculated that the trustee of Tulip Trust was a "she", and quite a few have been pointing to Uyen Nguyen for this role.
Having her as a director of this company could corroborate that this company is somehow connected with the Tulip trust.
But wait! There's more!
Let's give a look at Coin-exch Pty Ltd.( 31 163 338 467 )
The director is Ramona Watts (Wright's wife)
As of december 2nd 2013, the shares were distributed as follows:
Two years later (dec 2nd 2015) the shares have moved.
All the ordinary shares now belong to DeMorgan LTD, while the founder shares have been divided:
When exactly the change takes place is not yet clear, my guess is it took place on 24-04-2014 or on 15-04-2015 [edit: it was on 30/03/2014]
The interesting facts are therefore:
1) The American company originally founded by Craig and Kleimand has now Uyen Nguyen as a director
2) Ira Kleiman, sometimes after Dave Kleiman's death, received some shares in a company that also controls the same American Company
This is a bit at odds with what was apparent from Gizmodo's articles, where it seemed that Ira Kleiman received nothing after his brother's death, that Wright had somehow conned him, and that Ira Kleiman was somehow going to court to get something back of his brother's assets.
Apart from my hypothesis (of W&K Info Defence being linked to Tulip Trust), all these data are from public records, for you to verify.
The interpretation of all this is of course much less clear.
EDIT: I have been asked for sources.
The american company is easy to see: http://search.sunbiz.org/Inquiry/CorporationSearch/SearchResultDetail?inquirytype=OfficerRegisteredAgentName&directionType=Initial&searchNameOrder=COINEXCHPTYLTD%20L110000199042&aggregateId=flal-l11000019904-dce79b55-176a-4442-93a7-3c8896316aa2&searchTerm=Coin-Exch%20Pty%20Ltd&listNameOrder=COINEXCHPTYLTD%20L110000199042
the documents from that page aren't working , I have mirrored a Google Cache here of the one where Dave Kleiman appears: http://archive.is/SWcOp
The information about australian companies isn't freely available, documentation can be ordered here: https://connectonline.asic.gov.au/RegistrySearch/faces/landing/panelSearch.jspx?searchText=163338467&searchType=OrgAndBusNm&_adf.ctrl-state=12trfvsyn9_4
Or in other portals such as http://creditorwatch.com.au . someone with an account there can verify
submitted by fbonomi to btc [link] [comments]

The Russian Facebook Conspiracy

https://old.reddit.com/RussiaLago/comments/a34y7i/mitch_mcconnells_brotherinlaw_one_of_the/ by u/Puffin_Fitness
Mitch McConnell's Brother-in-Law One of the Masterminds of Trump-Russia
2,158 points•149 comments•submitted 22 hours ago * by Puffin_Fitness to RussiaLago
Jim Breyer, Mitch McConnell's brother-in-law, Facilitates Russia’s Takeover of Facebook through Yuri Milner
In 2005 Jim Breyer, a partner at Accel Partners, invested $1 million of his own money into Facebook and gained a seat on the board (1).
In Feb 2009 Jim Breyer visited Russia with a number of other Silicone Valley investors. While there, Yuri Milner, a Russian tech entrepreneur who founded DST with close ties to the Kremlin, hosted a dinner to cap the entire event (2). As one Moscow source put it:
DST has the backing of the big boys at the top in the Kremlin, which is why it will go from strength to strength (5)
Milner found out Breyer liked Impressionist art and took him to Russian’s Hermitage Museum to view Matisse paintings otherwise closed off to the public. Three months later Yuri Milner’s DST invested into Facebook at a bloated value. (2)
Mr Milner dismissed suggestions that at a valuation of $10bn he overpaid for his stake in Facebook, especially given that the social networking site has yet to prove it has turned to profit. (3)
it’s seen as a desperate and rather vulgar deal on the one hand—Milner buying a small stake in Facebook, valuing the entire company at $10 billion—and, on the other, Facebook debasing itself by taking Russian money. Russian money! In fact, it seems rather like a desperate deal for both parties (in the midst of the banking crisis, Facebook has only two other bidders for this round—and none from the top VC tier) (4)
By the end of 2009, DST would own 10% of Facebook. Later revealed by the Paradise Papers, DST’s investments into Facebook were financed by the Russian government through state-owned Gazprom. That’s right, in 2009 Russia owned 10% of Facebook. (6)
Soon after, the two continued to work together on other investments. Breyer introduced Milner to Groupon, and Milner helped Breyer’s Accel invest into Spotify (7). In 2010 an Accel representative joined a gaggle of Silicon Valley investors to Russia and signed a letter promising to invest into the country (8).
http://fortune.com/2011/01/11/timeline-where-facebook-got-its-funding/
http://fortune.com/2010/10/04/facebooks-friend-in-russia/
https://www.telegraph.co.uk/technology/facebook/7753692/Facebook-is-just-the-first-step-say-Russians.html
https://www.wired.com/2011/10/mf_milne
https://www.theguardian.com/technology/2011/jan/04/facebook-dst-goldman-sachs
https://www.theguardian.com/news/2017/nov/05/russia-funded-facebook-twitter-investments-kushner-investor
https://dealbook.nytimes.com/2011/09/28/dst-global-hoping-to-grow-across-asia-puts-down-roots/
http://www.ambarclub.org/executive-education/
Jim Breyer and Rupert Murdoch
Then in Nov 2010 Jim Breyer invested into Artsy.net, run by Rupert Murdoch’s then-wife, Wendi Deng, and Russia oligarch Roman Abramovich’s then-wife, Dasha Zhukova. Jared Kushner’s brother, Josh, also invested in the fledgling company (1).
At the time Rupert Murdoch’s News Corporation had a joint venture with the Russian mob-linked oligarch Boris Berezovsky, called LogoVaz News Corporation, that invested in Russian media (4). It was Berezovsky’s protege close to Putin, Roman Abramovich, who tied Berezovsky to the mob.
According to the Mirror Online, Abramovich paid Berezovsky tens, and even hundreds, of millions every year for "krysha", or mafia protection. (5)
In June 2011, Rupert Murdoch ended his foray into social media by selling Myspace to Justin Timberlake (2) and elected Jim Breyer to the board of News Corp (3).
https://www.businessinsider.com/what-is-cadre-and-how-to-invest-in-its-real-estate-deals-2016-6
https://en.wikipedia.org/wiki/Myspace
https://web.archive.org/web/19990428071733/http://www.newscorp.com:80/
https://www.bloomberg.com/profiles/companies/156126Z:RU-logovaz-news-corp
https://en.wikipedia.org/wiki/Roman_Abramovich
Jim Breyer invests in Wickr with Erik Prince
In 2012 Breyer invested in a encrypted messenger app, Wickr. Other investors include Gilman Louie and Erik Prince. To understand the connection, we need to go back to 1987. Breyer, newly hired to Accel Partners, made his first investment with Louie’s video game company that owned the rights to the Soviet Union’s first video game export, Tetris (1).
Louie went off to become the founding CEO of the CIA-backed In-Q-Tel which invested in Palantir. Palantir’s founder, Peter Thiel, sat on the board of Facebook with Breyer (2)(3). On the board of In-Q-Tel is Buzzy Krongard (7), the man who helped Erik Prince’s Blackwater receive their first CIA contract, who also joined the board of Blackwater in 2007 (6).
Around that same time, 2012-2013, Prince met Vincent Tchenguiz, founder of Cambridge Analytica's parent company, SCL (8), and was introduced to Cyrus Behbehani of Glencore, one of the purchasers of Rosneft stock detailed in the Steele Dossier (9). Cyrus Behbehani sat on the board of RusAl with Christophe Charlier, who is also Chairman of the board at Renaissance Capital (10), an early investor of DST (11).
https://wickr.com/wickr-raises-30m-series-b-led-by-jim-breye
https://www.sfgate.com/politics/article/CIA-Asks-Silicon-Valley-s-Help-Executive-to-2904775.php
https://www.iqt.org/palantir-technologies/
https://www.politico.com/story/2016/08/palantir-defense-contracts-lobbyists-226969
https://feraljundi.com/tag/reflex-responses-management-consultancy-llc/
https://www.nytimes.com/2007/11/17/us/17brothers.html
https://www.marketscreener.com/business-leaders/A-Krongard-006WHL-E/biography/
https://www.haaretz.com/israel-news/revealed-erik-prince-had-business-ties-with-netanyahus-disgraced-chief-of-staff-1.5627887
https://medium.com/@wsiegelman/a-fresh-look-at-erik-princes-house-intelligence-committee-testimony-and-emails-with-christophe-6603f06c6568
https://medium.com/@wsiegelman/a-fresh-look-at-erik-princes-house-intelligence-committee-testimony-and-emails-with-christophe-6603f06c6568
https://www.vccircle.com/all-you-wanted-know-about-digital-sky-technologies/
Jim Breyer and Yuri Milner invest in Prismatic
That same year, 2012, Jim Breyer invested in Prismatic, a news aggregate app, with Yuri Milner.
Prismatic’s technology works by crawling Facebook, Twitter and the web (“anything with a URL”) to find news stories. It then uses machine learning to categorize them by Topic and Publication. Prismatic users follow these Topics and Publications, as well as Individuals and the algorithm then uses these preferences and user-activity signals to present a relevant Newsfeed. (1)
Sounds like the beginning of what could be a propaganda dissemination tool. That goes in-line with Yuri Milner’s vision of Social Media. Milner’s theory:
“Zuckerberg’s Law”: Every 12 to 18 months the amount of information being shared between people on the web doubles... Over time people will bypass more general websites such as Google in favor of sites built atop social networks where they can rely on friends’ opinions to figure out where to get the best fall handbag, how to change a smoke detector, or whether to vacation in Istanbul or Rome. “You will pick your network, and the network will filter everything for you,” Milner explained. (2)
So how does Milner intend to utilize the data gathered through social media? Let’s see what Milner did to Russia’s top social media site, VK:
In January 2014, Durov sold his 12 percent stake to Ivan Tavrin, the CEO of major Russian mobile operator Megafon, whose second-largest shareholder is Alisher Usmanov, one of Russia’s most powerful oligarchs, a man who has long been lobbying to take over VK.
Then, in April 2014, Durov stated he had sold his stake in the company and became a citizen of St Kitts and Nevis back in February after "coming under increasing pressure" from the Russian Federal Security Service to hand over personal details of users who were members of a VK group dedicated to the Euromaidan protest movement in Ukraine. (3)
The Euromaidan protest ousted the Russian-backed president of Ukraine, Viktor Yanukovych, whom Paul Manafort had worked to install. (4)
https://techcrunch.com/2012/12/05/prismatic/
http://fortune.com/2010/10/04/facebooks-friend-in-russia/
https://cointelegraph.com/news/what-ban-russias-vkcom-is-mining-bitcoin
https://en.wikipedia.org/wiki/Viktor_Yanukovych
Facebook talks US Elections with Russia
In Oct 2012 Zuckerberg traveled to Moscow and met Dmitry Medvedev where they had a very interesting conversation:
Mr. Zuckerberg and Mr. Medvedev talked about Facebook’s role in politics, though only jokingly in reference to its importance in the American presidential campaign, according to Mr. Medvedev’s press office. (1)
While there he also visited Victor Vekselberg's Skolkovo, who’s currently under investigation by Mueller for donations to Trump (2).
As Obama’s effort to reboot diplomatic relations [with Russia] sputtered, federal officials began raising alarms about the Skolkovo Foundation’s ties to Putin.
“The foundation may be a means for the Russian government to access our nation’s sensitive or classified research, development facilities and dual-use technologies” (3)
And took time to teach Russian's how to hack Facebook friend data, the same hack used by Cambridge Analytica, Donald Trump’s campaign data firm.
In a 2012 video, Facebook's Simon Cross shows the Moscow crowd how they can "get a ton of other information" on Facebook users and their friends. "We now have an access token, so now let's make the same request again and see what happens," Cross explains (YouTube). "We've got a little bit more data, but now we can start doing really interesting stuff. We can get my friends. We can get some more information about one of my friends. Here's Connor, who you'll meet later. Say 'hello,' Connor. He's waving. And we can also get a ton of other information as well." (4)
Facebook later hired the individual who hacked Facebook and sold the data to Cambridge Analytica (5).
A month after that visit, Putin propaganda mouth-piece Konstantin Rykov, claims he began helping with Trump’s presidential aspirations (6). Days later, Trump registered “Make America Great Again” (7). The following year, Russia's Troll Factory, the Internet Research Agency, was created as was Cambridge Analytica.
https://www.nytimes.com/2012/10/02/technology/zuckerberg-meets-with-medvedev-in-key-market.html
https://www.adweek.com/digital/zuckerberg-russia-skolkovo/
https://apnews.com/5e533f93afae4a4fa5c2f7fe80ad72ac/Sanctioned-Russian-oligarch-linked-to-Cohen-has-vast-US-ties
https://www.youtube.com/watch?v=heTPmGb6jdc&feature=youtu.be&t=11m54s
https://www.theguardian.com/news/2018/ma18/facebook-cambridge-analytica-joseph-chancellor-gsr
https://washingtonmonthly.com/2017/11/24/a-trumprussia-confession-in-plain-sight/
https://trademarks.justia.com/857/83/make-america-great-85783371.html
Andrei Shleifer and Len Blavatnik
Len Blavatnik, a US-Russian oligarch currently under investigation by Mueller, graduated from Harvard in 1989 and quickly formed Renova-Invest with Viktor Vekselberg, another oligarch under Mueller’s investigation (7)(8). Since then Blavatnik has maintained close ties to the university.
In 1992, after the fall of the Soviet Union, Andrei Shleifer led a consortium of Harvard professors to assist Russia’s vice-president, Antaoly Chubais, with the privatization of Russia’s state-run assets. Scandal broke when it was revealed Shleifer, through Blavatnik’s company and with Blavatnik’s guidance, invested in the very companies he worked to privatize. (6)
Years later, Shleifer continued to fund loans to Blavatnik for Russian ventures through his hedge fund, managed by his wife, Nancy Zimmerman (9), and created the Russian Recovery Fund which bought $230 million of Russian debt from Julian Robertson’s Tiger Management (10), who’s seed fun, Tiger Global, later invested in Milner’s DST.
Len Blavatnik and Viktor Vekselberg are major investors in Rusal (11).
Schleifer is still a professor at Harvard.
http://harry-lewis.blogspot.com/2014/01/some-russian-money-flows-back-to-harvard.html
https://en.wikipedia.org/wiki/Leonard_Blavatnik#cite_note-Yenikeyeff-7
https://abcnews.go.com/Politics/investigators-follow-flow-money-trump-wealthy-donors-russian/story?id=50100024
https://www.newyorker.com/magazine/2014/01/20/the-billionaires-playlist
https://law.justia.com/cases/federal/appellate-courts/cafc/16-1718/16-1718-2017-03-14.html
https://www.bloomberg.com/news/articles/2018-04-25/tangled-rusal-ownership-thwarts-easy-end-to-sanctions-quicktake
Breyer and Harvard
On April 2013, two months after Breyer was elected to the board of Harvard (1), Len Blavatnik, donated $50 million to the school (2) and joined the Board of Dean’s Advisors (3)(4) and Harvard’s Global Advisory Council (6) alongside Breyer. The next month Breyer announced plans to step down from the board of Facebook with an intention of focusing on his latest Harvard appointment (5).
In 2016 Len Blavatnik donated over $7 million to GOP candidates, including $2.5 million to Mitch McConnell himself (7).
https://news.harvard.edu/gazette/story/2013/02/breyer_elected/
https://news.harvard.edu/gazette/story/2013/04/blavatnik_accelerator_donation/
https://www.accessindustries.com/about/academic-boards-committees/
https://www.cnbc.com/2017/07/21/delivering-alpha-2017-jim-breyer.html
https://sanfrancisco.cbslocal.com/2013/04/27/facebook-board-member-jim-breyer-stepping-down/
http://docplayer.net/54127503-Harvard-global-advisory-council.html
https://www.dallasnews.com/opinion/commentary/2017/08/03/tangled-web-connects-russian-oligarch-money-gop-campaigns
Breyer invests in Russian Companies
In 2014 Breyer’s Accel Partners invested in Russian hotel booking site, Ostrovok, along with Yuri Milner, Esther Dyson (1), Mark Pincus, and Peter Thiel (2).
Accel Partners also invested in Avito.ru in 2012 (3) and KupiVIP.ru in 2011 (4).
https://techcrunch.com/2014/06/18/ostrovok-raises-new-12m-series-c-round-to-expand-outside-russia/
http://idcee.org/participants/companies/ostrovok/
http://www.ewdn.com/2012/05/02/avito-ru-secures-75-million-investment-from-accel-partners-and-baring-vostok/
http://www.ewdn.com/2011/04/14/leading-private-shopping-club-kupivip-ru-completes-55-m-funding/
Jim Breyer, Blackstone Group, and Saudi Arabia
In 2011 Schwarzman was named to the board of the Russian Direct Investment Fund (2), headed by Kirill Dimitriev.
In June 2016, during Trump’s presidential campaign, Jim Breyer met with Saudi Crown Prince Mohammed bin-Salman, or MBS (8). The next month Breyer joined the board of Blackstone Group (1) alongside Stephen Schwarzman and Jacob Rothschild (3). In the past Blackstone Group had loaned Kushner Companies a combined $400 million over multiple projects (7).
Jacob’s brother, Nat, is business partners with both Oleg Deripaska (4), Rupert Murdoch, and Dick Cheney (5). Nat is also a major investor in Glencore, one of the purchasers of Rosneft stock detailed in the Steele Dossier (6), and RusAl.
In January 2017, Breyer’s business partner at Wickr, Erik Prince, was introduced to Dimitriev by MBS’s emissary, George Nader, and the Crown Prince of the UAE (10).
On October 22, 2018, three weeks after the murder of Jamal Khashoggi, when most American investors were spooked away from Saudi Arabia, Jim Breyer showed up at an MBS-hosted Saudi business summit alongside Kirill Dimitriev of the Russian Direct Investment Fund (9). That same day, MBS pledged $20 billion for Blackstone Group's new infrastructure fund (11) to fund Elaine Chao's $1.5 trillion infrastructure plan (12). Elaine Chao, Mitch McConnells wife and Jim Breyer's sister-in-law, is Trump's Secretary of Transportation.
https://www.blackstone.com/media/press-releases/article/jim-breyer-to-join-blackstone-s-board-of-directors
https://rdif.ru/Eng_fullNews/53/
https://en.wikipedia.org/wiki/Jacob_Rothschild,_4th_Baron_Rothschild
https://www.telegraph.co.uk/news/politics/conservative/3236166/Muddy-waters-over-Oleg-Deripaska-Nat-Rothschild-and-George-Osborne.html
https://www.nationofchange.org/2017/01/15/cheney-rothschild-fox-news-murdoch-drill-oil-syria-violating-international-law/
https://en.wikipedia.org/wiki/Nathaniel_Philip_Rothschild
https://www.bloomberg.com/news/articles/2017-05-26/the-kushners-the-saudis-and-blackstone-behind-the-recent-deals
https://www.thetrustedinsight.com/investment-news/saudi-prince-mohammed-met-with-20-silicon-valley-innovators-in-tech-summit-20160628142/
https://www.latimes.com/business/la-fi-moelis-saudi-arabia-20181023-story.html
https://www.vox.com/2018/3/7/17088908/erik-prince-trump-russia-seychelles-mueller
https://www.bloomberg.com/news/articles/2018-10-22/how-blackstone-landed-20-billion-from-saudis-for-infrastructure
https://www.bloomberg.com/news/articles/2018-10-22/how-blackstone-landed-20-billion-from-saudis-for-infrastructure
submitted by Traitor_Donald_Trump to u/Traitor_Donald_Trump [link] [comments]

The Future Of Blockchain: Fintech 50 2019

The Future Of Blockchain: Fintech 50 2019
As the price of bitcoin collapsed last year from a high of $19,000 to less than $4,000, skepticism fell over many other applications of blockchain, the technology that powers most cryptocurrencies by recording transactions without a central authority.
Much of the hype surrounding promises that sounded too good to be true is dissipating as reality and regulations set in. What remains however, are proven teams, flush with cash from mainstream investors, and increasingly, actual revenue.
Going forward, the blockchain selections from this year’s Forbes Fintech 50 2019 picks will undoubtedly form some unusual alliances as they evolve past competing against other blockchain startups, to competing in mainstream finance against long-established players.
Axoni co-fonders Greg and Jeff Schvey.AXONI
Axoni
New York City
Using blockchain-based smart contracts to overhaul the back office of the world’s biggest derivative markets. Its distributed ledger will allow counterparties to see payments, calculations and other vital trade information in real time, improving efficiency and lowering risk. Already partnering with world’s biggest banks and financial intermediaries.
Funding: $59 million from Goldman Sachs, JPMorgan and others
Bona fides: It is currently putting the $10 trillion credit derivative market onto smart contracts working with DTCC and a steering committee of 15 of world’s biggest banks. It’s already settling foreign exchange trades using the blockchain.
Cofounders: CEO Greg Schvey, 32 and CTO Jeff Schvey, 33. The brothers also cofounded TradeBlock, which provides institutional trading tools for cryptocurrency

Bitfury CEO Valery VavilovBITFURY
Bitfury
Amsterdam
This full-service blockchain firm expanded from its roots providing bitcoin mining hardware to launch its own blockchain, plus software designed to help U.S. law-enforcement and others investigate illicit activity using bitcoin.
Funding: More than $150 million from Korelya Capital, Macquarie Capital, Dentsu & others.
Latest valuation: $1 billion plus
Bona fides: $500 million in revenue in 2018
Cofounder & CEO: Valery Vavilov, 39, a Latvian-trained computer scientist.

Circle co-founders Sean Neville and Jeremy AllaireCIRCLE INTERNET FINANCIAL
Circle
Boston
Crypto finance giant Circle last year entered the exchange business with the purchase of Poloniex and now offers services for cryptocurrency trading, investing and payments. Last October partnered with Coinbase to launch USDC stablecoin — a crypto asset using the Ethereum blockchain and backed by U.S. dollars.
Funding: $246 million from IDG Capital, Bitmain, Breyer Capital, Goldman Sachs and others.
Latest valuation: $3 billion
Bona fides: 8 million customers from more than 100 countries; USDC has a $335 million in recent market value, making it recently among the 20 most valuable cryptos..
Cofounder & CEO: Jeremy Allaire, 47, previously founded publicly traded Brightcove online video platform

Coinbase CEO Brian ArmstrongCOINBASE
Coinbase
San Francisco
Expanding beyond its roots as a bitcoin wallet and retail exchange, Coinbase now offers cryptocurrency custody, professional and institutional trading platforms, and an institutional trading platform. Last year bought Earn.com, a service where users pay in bitcoin to contact experts via email, for a reported $100 million.
Funding: $525 million from Tiger Global Management, Andreessen Horowitz, YC Continuity & others. Latest valuation: $8 billion
Bona fides: The most heavily funded startup in crypto; has opened 25 million wallets for customers.
Cofounder & CEO: Brian Armstrong, 36, whose Coinbase holdings make him a billionaire.

Tyler Winklevoss, chief financial officer and co-founder of Gemini Trust Company LLC, right, and Cameron Winklevoss, chief executive officer and co-founder.© 2016 BLOOMBERG FINANCE LP
Gemini
New York City
Founded by twin brothers Tyler and Cameron Winklevoss, the Gemini cryptocurrency exchange is licensed as a New York trust company, making it a qualified custodian and a fiduciary under New York Law. Now licensed to do business in 49 states, Gemini is leading the fight for an SEC approved bitcoin ETF, and launched the Virtual Commodities Association to promote cryptocurrency industry self-regulation.
Funding: Winklevoss Capital Management, wholly owned by Tyler and Cameron
Bona fides: Employs 200 people and just moved to a new 50,000 square foot office
Cofounder & CEO: Tyler Winklevoss, 37, a former Olympic rower

Brad Garlinghouse, chief executive officer of Ripple Labs Inc.© 2018 BLOOMBERG FINANCE LP
Ripple
San Francisco
Its blockchain based global settlements network aims to replace SWIFT, the interbank messaging platform that has long connected nearly every bank in the world. Ripple has also launched a service that lets companies make cross-border payments in XRP, the cryptocurrency created by its founders, which was recently second to Bitcoin in value.
Funding: $94 million from IDG Capital, SBI Investment, Santander InnoVentures & others.
Latest valuation: $5 billion
Bona fides: 200 RippleNet customers, including Bank of America and American Express
Cofounders: Jed McCaleb, Chris Larsen and Arthur Britto
CEO: Brad Garlinghouse, 48, former president of AOL
For full Forbes Fintech 50 2019 coverage, see:
Full list of the Fintech 50 2019
The Future Of Personal Finance: Fintech 50 2019
The Future Of Lending: Fintech 50 2019
The Future Of Real Estate: Fintech 50 2019
The Future Of Investing: Fintech 50 2019
The Future Of Payments: Fintech 50 2019
The Future Of Wall Street: Fintech 50 2019
Fintech 50 2019: The Newcomers
The 10 Biggest Fintech Companies In America 2019
Ryan Williams, 30, Started A Revolutionary $800M Fintech. But Can He Escape His Kushner-Trump Connection?
A 29-Year-Old Dominican Immigrant Is Teaching Fintech Startups How Real People Relate To Money
This Startup Is Creating A Real-Time Data Map Of The Global Economy. BlackRock And PayPal Are Buying It
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Battle Over Bitcoin: China Backs US Startup Coinbase And US Falls Behind In Virtual Currencies.

Indeed, virtual currencies are nothing new to the Chinese. For example, more than 100 million people on the social platform QQ have used the Q coin for more than 10 years. And after China’s state-run China Central Television, or CCTV, ran a half-hour-long documentary on bitcoins, downloads of apps for processing and “mining” bitcoins soared in the world’s second largest economy.
Bitcoin, long the plaything of the Western ubernerd, now appears poised to grow substantially in China and other markets, like the euro zone, where government meddling in native currency valuations has left many distrustful of the money in their bank accounts.
Americans don’t have this problem -- yet. And that may be a problem in itself. According to bitcoin proponents, if the U.S. tries to ignore the nascent currency, writing it off as a financial fad with less value than the seemingly stable dollar, Americans risk ceding to the Chinese and others control of the future of what could be the most disruptive force in monetary exchanges since the credit card. In turn, the dollar and the ability of the U.S. to navigate global currency conflicts could be seriously weakened.
“Here’s the bottom line: Bitcoin has much higher popularity outside the U.S. and much higher potential outside the U.S.,” observed Andreas M. Antonopoulos of the Bitcoin Foundation. “If you go to an American and say, ‘Hey, there’s this new thing, bitcoin,’ they say, ‘Well, what’s wrong with the dollar?’ That question is different in other countries.”
Bitcoins are a finite, Web-based currency created in 2009 by a group of hackers working under the nom-de-Internet Satoshi Nakamoto. Exactly 10,952,975 bitcoins are in circulation, all of which have been purchased on exchange networks or mined. The currency is mined using software that processes transactions on the bitcoin network, adding groups of transactions, called blocks, to the chain. Miners are paid about 25 bitcoins per block. That digital money can then be used to purchase a variety of goods online, from legitimate software to heroin on the infamous virtual black-market Silk Road.
Bitcoin surged in value to $266 last month, thrusting the currency into the mainstream spotlight as investment poured in from sources as diverse as the hapless Brothers Winklevoss (of Facebook infamy) and Union Capital Ventures principal Fred Wilson (an early investor in Zynga, Twitter, and Kickstarter). Suddenly, everyone was talking about buying bitcoins. But the bubble burst in late April, and in the U.S. at least, bitcoin faded from the news. That was not the case in China, where Antonopoulos said downloads of bitcoin clients have eclipsed those in the U.S.
Bitcoins are mined in several steps. After downloading a bitcoin client, such as Coinbase (which serves as a wallet in which to store the bits of code that constitute the digital money), miners often join pools where they share computing power to decode algorithms in which bitcoins are hidden. The concept of bitcoins and bitcoin mining is cryptic for many people, even some otherwise forward-thinking American investors. The irony is that, for now, American startups are leading the bitcoin charge, and the U.S. government was the first to issue guidance on using the currency as payment -- a seemingly tacit recognition of bitcoin’s validity as legal tender.
Why China Poses A Threat
Feng Li, the IDG partner who chose to fund Coinbase, said the Chinese have yearned for access to a virtual currency since the central government cracked down on the use of Q coins.
Q coins were introduced in March 2002 by Tencent Holdings Ltd. (HKG:0700), the parent company of the country’s most popular instant-messaging service, QQ , and they currently average an annual transaction value of more than 1 billion yuan ($163 million). That value is growing at about 15 to 25 percent each year.
Q coins, purchased with yuan, are predominantly used to buy virtual products and services in QQ and its related online games and social media. Originally, Tencent regulations prevented Q coins from being traded between users or converted back to yuan, but allowed users to trade points and purchase Q coins with their game accounts, then use the black market to convert them into cash. That caused concerns at the People’s Bank of China, China’s central bank. In January 2007, converting game points to Q coins was banned, and Tencent reiterated that Q coins constitute a product, not a currency, which seemed to satisfy the concerns.
“There has already been proof with the Q coin,” Feng said of the Chinese likeliness to start using bitcoin. “It’s been very well circulated and very well adopted.”
Already, shops on Taobao -- the Chinese equivalent to eBay Inc. (NASDAQ:EBAY), owned by Alibaba.com Ltd. (HKG:1688) -- accept bitcoins as payment for goods, as does the similar service, Tencent’s PaiPai.com.
The Chinese are embracing bitcoins in other ways. The first bitcoin fund began to raise money in June, with the goal of raising 20 million yuan. The fund’s investment threshold is 10,000 yuan, and it will mature in four years.
Q coin’s popularity isn’t the only reason bitcoin has appeal in China. As it turns out, China is the perfect place for bitcoin mining. While much of the developed world is well into the transition from personal computers to mobile devices, China’s PC market is still thriving, which provides the necessary computing power to run a successful business converting electricity into mined coins. Price caps on electricity already create wasteful use of energy in China, so running a code-crunching computer for hours on end isn’t as costly an investment as it would be in the U.S. And so-called “gold-mining” or “gold-farming” businesses already exist in China’s cybersphere. None of that will come as a surprise to any “World of Warcraft” player: Gamers in Chinese urban sweatshops are known to sit in front of glowing blue screens for hours, slaughtering players in the game for their spoils or mining gold deposits found in the sprawling milieu of Blizzard Entertainment’s international blockbuster. Those treasures are then sold to players in the game for real money.
China has a heavily controlled currency, which also makes bitcoin attractive.
“The more controlled the currency is, the harder the transactions are, the more friction there is in the national currency, the more appealing the coin is,” Antonopoulos said, noted that the most appealing place to use bitcoin would be a country whose economy is a veritable train wreck -- like Zimbabwe, except that the southern African nation lacks the necessary technology. “I would say China is perfect,” he said. “It’s got the penetration, it’s got the smartphones, it’s got the Internet and the people are familiar with virtual currencies. And, it’s got the not-as-appealing national currency.”
Regulation In The U.S.
Guidance issued in March by the U.S. Treasury Department said that companies issuing or exchanging online cash, including bitcoin, would be subject to the same scrutiny as traditional firms such as the Western Union Co. (NYSE:WU) to prevent money laundering.
Less than two months later, the Department of Homeland Security proved that edict had teeth.
Federal officials obtained a warrant Tuesday to seize an account tied to Mt.Gox, the Tokyo-based exchange company that handles about 80 percent of all bitcoin trades. Authorities accused Mt.Gox’s U.S. subsidiary, Mutum Sigillum LLC, of failing to register as a money-services company with the Treasury’s Financial Crimes Enforcement Network. An account held by the online-payments firm Dwolla was subsequently seized.
Many feared the warrant execution could cast a chill over the bitcoin industry as a sector centered on a borderless, decentralized money came under the scrutiny of the federal government.
That proved not to be the case, Coinbase’s Ehrsam said. “For bitcoin to go mainstream, or as it goes mainstream, it will be used in a higher and higher amount of transactions,” he said, adding that Coinbase is registered as a money-services firm. “There’s no way there will be all this money flowing through an unregulated system.”
Chris Larsen -- the CEO of OpenCoin, a fellow San Francisco-based payment platform that processes most national currencies as well as bitcoin and its own virtual cash, Ripple -- agreed. “They definitely are regulating them, [and] we actually think that’s a really good thing for the industry,” he told IBTimes. “I thought the guidance was a good idea. One of the things the guidelines seem to make clear for the first time is that a virtual currency could be used for goods and services.”
The Price Of Regulation
But such regulation is a slippery slope, said Jerry Brito, a senior research fellow at the Mercatus Center at George Mason University.
Perhaps it begins with measures to prevent money-laundering, he said. But what measures would the government take to prevent the untraceable currency from being used for child pornography or human trafficking?
“Bitcoin has the potential to be a disruptive technology that would be beneficial to the economy, and we don’t want to kill off that potential to get at the other potential for bad stuff,” he observed. Brito, who plans to speak next month at a conference on virtual currencies organized by the National Center for Missing and Exploited Children, added: “We’re already the first country to enforce money-laundering laws against bitcoin. But the U.S. would be shooting itself in the foot if it went too far [with regulations] and either outlawed bitcoin or made the legal guidelines impossible to comply with.”
Will China Step In?
So far, Chinese bitcoin merchants have little to fear. For many, the CCTV segment on bitcoin seemed to be a signal from Beijing, which heavily controls the channel’s content, that the currency is worth exploring.
Some of those interviewed speculated that the Communist Party wants to see bitcoin stockpiled in China, allowing the government to invest in it if, or when, the dollar is shaken from its perch as the world’s reserve currency.
It remains to be seen whether -- or, more likely, when -- China will intervene in the trade of bitcoin in its own economy. But for the U.S. to experience widespread adoption of the currency, which is considered a necessary step for gaining a grasp on the bitcoin market, limited government control will have to allow the money, like the Internet that birthed it, to develop organically.
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Cryptocurrencies plunge for the week with Bitcoin still below USD$6,550, forecasters project 54% per annum growth in the Cryptocurrency ATM industry over 5 years and Coinbase explores launching a Bitcoin ETF with BlackRock

Developments in Financial Services

Regulatory Environment

General News

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What’s On Crypto – News Week In Review | April 8th to 16th

32,000 Indians signed a petition against the ban on cryptocurrency. On Thursday, April 5, the central bank of India decided to ban transactions with crypto-currencies: financial institutions are obliged to stop the activity related to crypto-currencies for three months. On the same day, India’s crypto community compiled a petition addressing its central bank and prime minister, calling not to stifle the developing technology, but to create a legislative framework that would allow it to develop and exert a beneficial influence on the country’s economy. To date, more than 32,000 Indians signed a petition on change.org. Authors of the document draw attention to the fact that local crypto-exchange exchanges try to strictly adhere to established norms and many are already strengthening the standards of KYC. Also, the petition mentions the Central Bank’s plan to issue its own cryptocurrency. The protesters noted that the current CEO of Microsoft and Google are of Indian origin and, under a favourable environment, could create local Internet companies, hinting that the next generation of “technical geniuses” could go their way. Similar risks were also appealed to by Chinese crypto-entrepreneur, criticizing the prohibitive policies of his country and saying that China might miss the “new Amazon”.
Earlier, in December, a petition to protest the announced restrictions amounted to the citizens of South Korea, and recently it became known that the Tax Administration, Ministry of Justice and the country’s financial regulators are discussing the possibility to lift the ban on the holding of the ICO. The mayor of Seoul noted, that after “terrible resistance” from the side of society, the government “seriously thought about” possible loosening.
The Shanghai police interrupted the blocking conference. On Thursday, April 12, China had to host the Global Fintech & Blockchain China Summit 2018. However, around noon local time, the police interrupted morning session, ordering all participants and organizers to leave the event. The official reasons for the intervention are currently being specified, but according to the assumptions that appeared in the media and the Chinese social network Weibo, an ICO project was announced in the conference program, the investors of which lost a lot of money. They filed a complaint with the police. The organizing company, PTP International, denied these rumors, saying that the event was in full compliance with Chinese laws: “We are still investigating the reasons for the suspension, and at the moment the police refers to the security threat. We are thinking about possible compensation for the participants in the meeting. The conference was held in accordance with the Chinese regulations and did not include any ICO presentations, “PTP International said.
The Golem computing platform has launched the core network. Golem, who collected 820,000 airs during the ICO in 2016 ($ 8.2 million at that time and about $ 340 million today), two years later presented a beta version of the main network, which in white paper isdescribed as “Copper Golem” – the first phase of the project. In the current format, a service based on the Ethereum block system allows computers to “rent” the unused energy of the CPU and create computer-generated images (CGIs) using the Blender software (including animation, visual effects, interactive 3D applications and video games). The interface directly associated with Blender allows you to purchase processing power for the Golem-GNT token.
This release of the “Copper Golem” is designed to test the work of technology in real market conditions for real money. Golem software connects the providers of computing power with “customers” and sends small tasks to the provider, which will later be merged into P2P networks and presented as a single image, explains Golem CEO Julian Zavistovsky. In 2016 Golem represented one of the first generations of Ethereum-applications: “To underestimate the complexity of what we want to create is typical for software development in general, and especially for the blockbuster,” Zavistovsky says, explaining the protracted work on the project. According to white paper, the following, more progressive versions should be “Clay Golem”, “Stone Golem” and “Iron Golem”. Simultaneously with the release of the main network, the team announced the launch of a bounty program that will encourage developers to report on detected bugs.
Gemini launches trading blocks for bitcoin and ether and can introduce a patented system that increases the security of transactions. On Thursday, at 9:30 am North American Eastern Time, the currency exchange, owned by the bitcoin-billionaires of the Winklevoss brothers, launched trading in blocks for the two leading crypto-currencies. The new option is designed primarily for institutional investors: the minimum threshold is 10 bitcoins and 100 airs. Bidding blocks are designed to provide an “additional source of liquidity”, allowing for large transactions outside the main book of orders. Also, due to the new function, buying or selling a large amount of cryptocurrency will not have a significant impact on its rate. As explained in exchange, “any user can place an order, indicating the type of transaction (purchase or sale), the amount, the minimum amount of filling and price limits.” Marketmakers will receive only information about the amount of the transaction, the minimum volume and the upper limit: if they decide to execute the transaction, the block will be filled.
“In accordance with our obligations to maintain fair, transparent and regulated trading, block orders in electronic form will be instantly transferred to participating market makers, which will ensure the best execution of the transaction and setting prices for the participants of the program,” reads the website of the exchange. Also this week, Winklevoss IP, LLC received a patent to create a system that increases the security of transactions. Authors Andrew Laucius, Cem Paya and Eric Wiener describe “software for secure transaction processing in the cloud computing system”. The new development uses a combination of standard cryptographic techniques, including hash functions and digital signatures, and presumably can be applied on the Gemini exchange.
The stakes of Basecoin and Carbon have successfully completed investment rounds. Intangible Labs, the creators of the “steel coin with the algorithmic central bank” Basecoin, collected $ 125 million during the tokenail on the SAFT system from March 22 to April 3 (according to the experts’ assumptions, this particular ICO format recently attracted the SEC’s attention).
The organizers reported to the SEC on attracting this amount from 225 investors. Basecoin intends to avoid the inherent volatility of the crypto currency due to its provision with other digital assets: the oracles will monitor the prices of these assets, and the protocol should regulate the number of tokens so that the price of Basecoin remains stable. In addition to the “basecoins”, the startup is developing “basic bonds” and “basic shares” – crypto-currencies, which will support Basecoin, helping the protocol to manage the “money supply”.
The project is supported by many large funds, including Andreessen Horowitz, Pantera Capital, PolyChain Capital and Digital Currency Group. Coinbase co-founder Fred Ehrsam took Basecoin to significant projects for the ecosystem: “It is obvious to me that the developers of the crypto-industry are interested in … a stable coin, ” Ehrsam said during the Token Summit II in San Francisco. On Thursday the completion of the seed round of funding announced another project of stablcoin is Carbon, which raised $ 2 million from such funds as General Catalyst, Digital Currency Group, FirstMark Capital, Plug and Play Ventures and The Fund. Like Basecoin, Carbon rejects the Tether reinforcement model for Fiat, replacing it with algorithmic monetary policy. “If we create a mechanism that is currently used by the Federal Reserve Bank, but we will make it decentralized, we will not need to trust the central government. We can just trust the code, “explained Carbon co-founder Connor Lin. The Carbon system includes two tokens: the stebblecoin itself, whose price should be $ 1, and a “credit token” that fluctuates in value, offsetting changes in demand. When the price of stebblecoin falls, an auction is held, during which anyone can give his token, thereby reducing the money supply and raising the price, and get a “credit token” instead. Later, when the price rises above $ 1 and the offer increases, holders of “credit tokens” will receive new steebles and this entire process is fully implemented by the algorithm.
Start bitcoin cloud mining
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Brothers sit down to talk silver and bitcoin - YouTube #903 Bitcoin Phishing Opfer, Big Brother trackt Coins ... BROTHERS - Never Going Back (Official Music Video) - YouTube Black Knowledge Series: Bitcoin with Brother Amin Ali ... Crypto-Bit Brothers - YouTube

Bitcoin Brothers LLC Cameron Schorg They will steal your money and not answer you e-mails-Do not do give them your money!!! Colorado Springs Colorado *Author of original report: They are not a scam *Consumer Comment: Shady business From Bitcoin Wiki. Jump to: navigation, search. Hello Fellow Bitcoiners, This is the owner of the new exchange website called bitbrothersllc.com . As a compnay, we do things differnently than most exchange companies in that we accept not only bank transfers and other forms of regular paymant, but that we accept cold hard cash mailed in orders. This allows some of our customer base to stay ... BITCOIN BROKERS LLC has been set up 10/16/2017 in state FL. The current status of the business is Active. The BITCOIN BROKERS LLC principal address is 16900 N BAY ROAD 2109, SUNNY ISLES BEACH, FL, 33160. Meanwhile you can send your letters to 16900 N BAY ROAD 2109, SUNNY ISLES BEACH, FL, 33160. The company`s registered agent is ABREU RICARDO ... Bitbrothersllc.com was an exchange website. As a compnay, they did things differnently than most exchange companies in that they accepted not only bank transfers and other forms of regular paymant, but that accepted cold hard cash mailed in orders. Digital money that’s instant, private, and free from bank fees. Download our official wallet app and start using Bitcoin today. Read news, start mining, and buy BTC or BCH.

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Brothers sit down to talk silver and bitcoin - YouTube

Enjoy the videos and music you love, upload original content, and share it all with friends, family, and the world on YouTube. Please Donate to the Cause http://wosecommunity.org http://wosesac.org Watch an introductory talk on understanding Bitcoin from a technical, social, and financial perspective as we dive into what makes Bitcoin unique. Official site: https://gemini.social If you’re wanting to get into selling and buying Bitcoin or Ether but you have no idea where to start, this Gemini excha... Brothers sit down to talk silver and bitcoin Shirts! - https://www.etsy.com/shop/AmpedApparel Want to Learn Technical Analysis / Swing Trading From a 15 year...

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