Founders of OMNIA



  • Global Launch Recap Newsletter! GLOBAL LAUNCHDear OMNIA Family,Our global launch was an event of a lifetime! So many wonderful memories were created there. If you missed it, we hope you are able to talk with someone who attended so you can feel a little of their energy! Here is a recap newsletter to fill you in on everything you missed!Watch the full Zoom Recap Webinar here!Thursday - Ribbon Cutting Ceremony for Mining FacilityWhat a first day! Around 200 IBOs along with corporate met at our new mining facility located just a short drive from the beautiful hotel and event location. All the major media outlets in Armenia joined for the arrival of Armenia Prime Minister Nikol Pashinyan who toured the facility. Joining as well was Armenia business man Gagik Tsarukyan, owner of the mining facility and Allie of OMNIA. OMNIA featured on Armenian News (In Armenian language)Friday: VIP Banquet & Celebration After PartyFriday evening all the top leaders gathered for an extravagant dinner and an evening filled with unbelievable entertainment. The food was incredible and the fun afterwards was even more amazing. Mr. Tsarukyan brought in top performers from around the globe from many of the countries represented by OMNIA IBOs. He wanted everyone who had traveled from afar to feel at home in Armenia. This event really helped create a family atmosphere that resonated the entire event.Sample of the entertainment Friday evening!Saturday: Main Event This was the day we had all been waiting for. Besides the $1,000,000 tombola drawing giveaways that were scattered throughout the day, there were plenty of exciting updates and announcements including some incredible speakers. Some of the announcements are as follows: OMNIA APP / OMNIA BUILDER Two amazing new tools were unveiled on stage! The OMNIA Builder is a powerful online sales funnel and landing page generator! The OMNIAverse mobile App is a powerhouse tool that has direct access to your back office so your business is now 100% mobile! Included as well is the amazing ability to generate personalized videos with OMNIA logo’s embedded! There are many templates to choose from! This takes your professionalism to a whole new way that is unmatched in the industry! Many, many more features are available that we will unveil to you on a special webinar this Wednesday October 31.  We will be putting out much more information and details regarding these two powerful systems soon! Early bird pricing for the FULL version of the OMNIAverse app is available now for purchase in your back office. The full features will be ready over the coming days, so go ahead and get more than 50% discount by purchasing now and be ready for full access the day it’s released! We’re having our OMNIAverse mobile app reveal on Wednesday October 31st! Here you will learn all of the features and get a real understanding as to just how powerful this app is. We promise, it’s going to change the way you do business forever!As a reminder, here is the webinar details. Trust us, you do not want to miss this! You are invited to a Zoom webinar.When: Oct 31, 2018 10:00 AM Eastern Time (US and Canada)Topic: OMNIAverse APP Webinar Please click the link below to join the webinar: Or iPhone one-tap :   US: +16699006833,,536714316#  or +19294362866,,536714316#Or Telephone:   Dial(for higher quality, dial a number based on your current location):       US: +1 669 900 6833  or +1 929 436 2866   Webinar ID: 536 714 316   International numbers available: ICO The credibility in the cryptocurrency space has helped bring a new industry into the forefront - gaming and entertainment. We want to introduce you to a world leading laster technology company G-GAME which is launching an ICO based around their technology being utilized in the recreational sports and shooting world. The E-Sports and Entertainment Industry will give the biggest usability and excitement of cryptocurrency. Their technology SIMGUN is already successfully used in the public sector. Special forces, police and the military in Switzerland, Germany and other countries in Europe already use the technology for their trainings.SIMGUN is already in use internationally as well, talks have already taken place in the USA. This is the best time to have asset that you can own and generate cash flow for years to come.This is not a mlm - rather a multi-billion opportunity that goes hand in hand with our goals. We will be sharing more details shortly after November 6th.PROMOTION In case you missed it, we launched a special promotion on Sunday during our wrap up meeting at the hotel! As a reminder, details are as follows: Oct. 21 through 11:59:59PM GMT Nov.11Up to 2X Direct Sell Bonus!Week One:Sponsor two people in this week and receive 2X the Direct Sales BonusWeek Two:Sponsor two people in this week and receive 1.5X the Direct Sales BonusWeek Three:Sponsor two people in this week and receive 1.25X the Direct Sales BonusTop 5 Tombola Prize Winners 5th: Breitling - Arnis Kivitis 4th: Rolex - Kyeongkuk Woo 3rd: 5 BTC Trading Package - Alvin Caulleechurn 2nd: 8 BTC Trading Package - Haksoon Jang Grand: 20 BTC Trading Package - Benjamin Herrera NiñoWe have created a special thank you video for all those who helped make this event an unforgettable experience of a lifetime. Please click the video image below to watch on our Facebook page. To all our loyal IBOs around the world, we thank you all. Together we will end this year strong as we continue achieving our goals of being a global leader in cryptocurrency and blockchain technology.All the best,Your Team OMNIA
  • Trading Packages Purchased w/ Promo - Reminder!  Dear OMNIA IBO’s, Those of you who purchased tracking packages during the promotion period need to renew those packages no later than Tomorrow, Friday October 5th at 11:59PM GMT in order to keep promotional pricing. This offer is valid for life so long as you always extend your trading package before the final expiration. Take advantage of this unique offer and renew your package today in order to keep the best prices and to continue benefiting from the great trading results. All you need to do is click on renew package under the menu item Trading/Trading system in your back office and follow the instructions. Happy Trading,Your Team OMNIA
  • Big Announcement: Exchange Live!   Dear OMNIA Family,Introducing Duty Fly!   The exchange we have been so excited to launch is now LIVE in your back office!While in your back office, on the left menu click “store” and you will find a link for Duty Fly Exchange!  This is an advanced all-in-one international trading platform that gives you a very powerful new tool for growing your business easier and more effectively.For the first week of registration, there is a promotion to help grow your portfolio. Deposit $500 (or equivalent coin) and receive $50 (or equivalent coin) bonus back from Duty Fly that will go into the Trading Accounts section!  Advantages Duty Fly offers OMNIA IBO’s:1. The multi-asset trading platforms allow lucrative trades on futures markets, Forex, Cryptocurrencies and exchange instruments, such as Spot Metals, Indices, Spot commodities, as well as shares.  2. Traders have opportunity to easily open and use their crypto wallets because of this cooperation. Margin trading is another key advantage which Duty Fly offers to its OMNIA partners. For all IBO’s the set of identification operations for verifying your personal accounts is simplified. Without an extensive KYC process, in your personal account you can open wallets and find all the information of your active wallets with deposit/withdraw history demonstrated.  3.To be able to use the abundance of trading opportunities Duty Fly made it possible to pay in unlimited amounts for OMNIA Group users/traders. In the exchange it is possible to exchange your financial assets from Crypto to Fiat and vice versa very simply and fast.  We’re very proud to have a partner exchange that is dedicated to serving you, our IBO’s with access to the international currency markets for online trading. We will keep you up-to-date on any and all updates regarding the exchange!  All the best,Your Team OMNIA  P.S. Many of you have made last minute ticket purchases for our global launch coming up in less than one month! We have decided to extend, one further time, entries into the $1,000,000 tombola drawing for purchasing an event ticket!  You have until Midnight, October 1st to receive one entry into the drawing for purchasing an event ticket. Remember, you must be in Armenia during the live drawing to win if your ticket is drawn!  If you missed our Zoom discussion talking about the event, see what you missed here:  
  • OMNIA Now Trading Ethereum!  Dear OMNIA Family,  We are excited to announce that we are now offering Ethereum trading! It was an obvious choice for us and easily our most requested Alt-coin for trading since the beginning!  By tomorrow, September 19th the Ethereum packages will be added to your back office where you can set up trading with the exact same setup process as BTC trading! These packages are the same cost and value as our BTC packages and in terms of BV and QV.  Take advantage of this unique ability to trade one of the most recognizable and valued crypto currencies in the world! We believe, like Bitcoin, that the future is bright for Ethereum and we’re proud to offer premier trading found nowhere else in the world, and exclusive to you - our dedicated IBO’s!  By the way, we have set up an official poll we ask all of you to use in voting for which other Alt-coin you’d like us to begin trading next! Take a look at the poll and choose your favorite here:  All the best,Your Team OMNIA  
  • Major Trading Algorithm Announcement! Incoming Rocket Fuel!  Dear OMNIA IBO's, As you may know by now, our new Trading Algorithm has completely changed the landscape of our business in an extremely positive way! Not only do we have the world's most unique and generous lifetime mining packages, we now offer a trading system that is unmatched in the World. Two products that now solidify OMNIA as a leader in the cryptocurrency and blockchain space. Thus, CEO Milan Sormaz & Co-founder Robert Velghe have yet again decided to make an amazing announcement regarding these new services! Pay close attention because this is going to add fuel to your fire! Starting Wednesday August 1st, all trading algorithm packages come with 150% business volume! (BV) That’s right, you get 150% BV - so a $1,000 package generates 1,500 BV for your business! That is unheard of! Plus, for the sponsor you get 10% of that, so a $150 Direct Sales Bonus instead of $100! And, if that’s not enough, there is one more surprise. You will receive an additional direct sale bonus based on the amount of BTC sent to the trading platform per each package! For example, if you sell a $1,000 package for 12 weeks of trading 1.0 BTC - you will earn 1% of the 1.0 BTC! This does not take away from the trading platform, it is an additional bonus paid out to your commission wallet buy OMNIA. This means you earn an extra 0.01 BTC bonus! Not only did we add another bonus for you, but added another 50% to the bonuses you were already getting!  We hope this helps you travel faster down your path of success! Prosperous regards, Your Team OMNIA 
  • Week 1 Trading Bot Results Are In! Dear OMNIA Family, We are pleased to announce our first week of trading with our new bot was a great success with a return result of +3.02%!  Congratulations on all of you who received the first-ever disbursements from this new exclusive service from OMNIA. All of those have been processed and paid out! As a reminder, we have extended the promotional pricing on trading packages through August 1st, Midnight GMT - So don’t miss out! All the best, Your Team OMNIA
  • OMNIA Opens Headquarters In Cyprus!  Dear OMNIA Family, Yesterday we had a wonderful grand opening of our brand new headquarters located in Cyprus. It was a very nice occasion and we had a lot of fun with our ambassadors and others who joined us in celebration! We wanted to share some of the great photos taken at the event, so please enjoy! Your Team OMNIA   
  • Mining Disbursements Complete! Mining Disbursement Update  Dear OMNIA IBO’s, We have received your tickets regarding late payouts for mining disbursements. Wow, is all we can say, we’ve never seen such busy, crazy days before! As usual, we started the disbursement process on Thursday but it was totally impossible to send BTC from our company “Blocktrails” payout wallet. We also have no explanation from Blocktrail support as to why we have experienced the delays, but we want to inform you that as of last night after 16 hour days of non-stop work our accountants have notified us that all payouts are complete. We appreciate your patience and understanding in this matter! All of our efforts and dedication is to you, our IBO’s! All the best, Your Team OMNIA  GO TO THE BACKOFFICEGO TO THE BACKOFFICE
  • Join Us For A Very Special Live ZooM Crypto Trading Webinar!   Dear OMNIA Family,  We have a special LIVE ZooM webinar that will take place this Wednesday, July 18th at 5:00 PM Vienna time!  Join OMNIA founder Robert Velghe and other corporate guests as we introduce you to Harut Galstyan, head of trading and developer of the amazing algorithms that make our trading software possible! We will go through real live walkthroughs to bring you up to speed on everything that is happening here at OMNIA and the trading world and show you first hand just how powerful our new trading platform is! DO NOT MISS THIS! Live Webinar details are as follows - please share this with your team: Hi there,  You are invited to a Zoom webinar. When: Jul 18, 2018 5:00 PM Amsterdam, Berlin, Rome, Stockholm, ViennaTopic: Special OMNIA Live Crypto Trading Webinar  Please click the link below to join the webinar: Or iPhone one-tap :   US: +19294362866,,446662831#  or +16699006833,,446662831# Or Telephone:   Dial(for higher quality, dial a number based on your current location):        US: +1 929 436 2866  or +1 669 900 6833    Webinar ID: 446 662 831   International numbers available: We are looking forward to seeing you on the live webinar this Wednesday! All the best, Your Team OMNIA GO TO BACKOFFICE  
  • US Securities and Exchange Commission Decision Coming, Bitcoin Futures Volume Spike    Dear OMNIA Family, There is a lot of developments in the Crypto World and we wanted to share some of the latest with you. Cryptocurrency spot prices have been in a slump over the past two quarters of 2018 but rumor on the street is institutional interest in cryptocurrency custody and regulated investment vehicles is picking up speed. Even though market sentiment has been bearish, futures contracts sold by Cboe and CME Group have increased significantly during the second quarter of 2018. Right now, on July 12, there have been 1199 contracts filled so far and products for the month of August are adding up today as well. Cboe has been selling between 2500-18,000 bitcoin futures contractsper day. On July 9, Cboe announced it has filed an application with the US Securities and Exchange Commission (SEC) so it can sell a bitcoin-based ETF backed by the Vaneck Solidx Bitcoin Trust. The SEC is seeking public opinion concerning the ETF application in order to help guide their decision on whether or not they will approve a bitcoin ETF this time around. Since the first announcement this past Monday, the SEC has revealed the fate of the ETF will be decided on August 10. The SEC may also look into how well the current bitcoin futures markets have done so far, and if there were any issues during the launch of those derivatives products. With the bitcoin futures volume spikes, there’s been a lot of action within these regulated market settings and investors seem to want these products — And some people think a bitcoin ETF should naturally follow. GO TO THE BACKOFFICE 
  • First Trades For The New Platform Begin Monday!  Dear OMNIA IBO’s, What an incredible week it has been so far! Our new trading service has been an unbelievable success, thanks to all of you from around the world for taking advantage of this incredible opportunity we have in front of us. Only a short time remains for our introductory promotional pricing, once it’s over, it’s over! Our first trades begin this Monday, July 16! If you have not purchased a trading package and would like to be in the very first group of trades, you will need to have your purchase complete and your BTC transferred over to the trading platform no later than this evening at Midnight GMT. As of now, we are very close to apping this week’s cap of BTC to be entered into the trading platform - we will put a notification in the back office when that has been reached. Remember - our trading partners and the bot have been absolutely successful, even through the volatile crypto market over the past 6 months. Whether or not Bitcoin goes up or down, you are working with experts who will bring positive results! Thanks to the thousands of you around the globe who are now trading with one of the most advanced services available in the World. We look forward to seeing your crypto grow! Your Team OMNIA  ---------------------------- Estimado OMNIA IBO, ¡Qué semana tan increíble ha sido hasta ahora! Nuestro nuevo servicio de negociación ha sido un éxito increíble, gracias a todos ustedes de todo el mundo por aprovechar esta increíble oportunidad que tenemos frente a nosotros. Solo queda un corto tiempo para nuestro precio promocional introductorio. ¡Una vez que se acabó, se acabó! ¡Nuestros primeros intercambios comienzan este lunes 16 de julio! Si no ha comprado un paquete de negociación y le gustaría estar en el primer grupo de intercambios, tendrá que completar su compra y transferir su BTC a la plataforma de negociación a más tardar esta noche en Midnight GMT. A partir de ahora, estamos muy cerca de aplicar el límite máximo de BTC de esta semana para entrar en la plataforma de negociación; cuando lleguemos a eso, enviaremos una notificación a la oficina administrativa. Recuerde: nuestros socios comerciales y el robot han sido absolutamente exitosos, incluso a través del volátil mercado de cifrado en los últimos 6 meses. Si Bitcoin sube o baja, ¡estás trabajando con expertos que traerán resultados positivos! Gracias a los miles de ustedes de todo el mundo que ahora comercian con uno de los servicios más avanzados disponibles en el mundo. ¡Esperamos ver crecer tu crypto! Tu equipo OMNIA 
  • Now Available: Powerful, Accurate Trading Bot Exclusive To OMNIA   Dear OMNIA Family, This is a project we have been working on for 6 months! After over 150 tests using various trading bots, we have made it! We can enthusiastically tell you that we have found the absolute correct semi-automatic bot that is stable and safe to run. You will be able to transfer a specific amount of Bitcoin with our expert traders responsible for our trading signals! They do the rest. You do nothing else! Simply collect your earnings on a weekly basis.This bot consists of 3 different trading algorithms that communicate with each other and in the past 6 months, the average performance was 13%! On top of that, no trade was negative on any day during this time, regardless of whether or not Bitcoin was up or down!This makes us very proud and we are happy to provide this great opportunity to all OMNIA-IBO´s. Even more great news is the fact that the trading packages come with 100% BV that goes into the binary plan for those of you building a business!  How can you start?There are 7 different trading packages you can choose, which in turn have a term between 12, 24, 36 and 48 weeks.  Example: When buying a Light package for 950 USD with 36 weeks trading, you can deposit up to 0.5 BTC to trade. When buying an Advanced package for 650 USD with 12 weeks trading you can deposit up to 1 BTC.PROMOTION!In celebration, the first week we are offering a cheaper promotional price! (see package prices in the back office!)Once your package expires, you will be able to decide yourself whether or not you want to continue trading, or have your initial Bitcoin re-deposited to your wallet again. This feature will be implemented in the back office soon.  How Does The Process Work?*Important* If you do not currently have a BTC address in the back office for withdrawals, please set that up first. Also - you MUST have the full amount of BTC ready to transfer once you pay for your package. Be sure your package price does not cause your BTC balance to fall below the full amount per your package purchased.1. In the back office click on "Store" and then on "Trading”2. Select Trading Package, select payment method and complete order.We would like to point out that at "Bank Wire Transfer" can take up to 7 working days to leave your account and enter OMNIA’s. 3.  After your package purchase is active you will receive a link. Click on it and you will be redirected to the trading platform on which you "register" according to the forms on their website.4. After a successful login, a QR code with a wallet address will appear. Please enter the BTC corresponding to the package.*Notes*Packages that are activated by Thursday 11:59 pm and the corresponding Bitcoins are deposited on the Wallet the following Friday 11:59 pm will already be trading the following Monday.Example: Package activated 12/07/2018 -> BTC deposited 13/07/2018 -> Trading start 16/07/2018 -> First payout 23/07/2018Your trading time frame does not begin until the day your trading begins. In the example above, your trading period begins on July 16.Weekly transfers into the trading platform are limited. It may happen that no trading package will be available for the current week. The status of available trading packages is displayed in the back office.The trading income is automatically transferred to your specified BTC-Wallet on a weekly basisOur ambitious goal is that we will be able to offer other Altcoins for trading in 6 - 8 weeks.As a second coin we will start with Ether. We are really happy to have found the best solution for you and us, and will continue to work hard to develop new products in the blockchain for you!-----------------------------------------------------------------------------------------------------The strategy is based on a mathematical system that buys and resells coins with special parameters when it reaches its target (in steps). The bot will never use the entire deposit in a trade and always trades 20%-30% in Fiat (USD/EUR/JPY/RUB etc.).Monthly performance is between 10%-15%The algorithm works with crypto currencies that have sufficient daily volume.Currently we have developed 3 types of strategiesStrategy 1 - low volatility, and small stepsStrategy 2 - medium volatility, medium stepsStrategy 3 - High volatility,  high stepsIn all these 3 strategies, the bot is able to increase and decrease the Bitcoin amount, which is controlled by the risk management.PROVEN TRADING PERFORMANCE RESULTSFrom May of 2017 till June of 2018For formal and legal reasons, we would like to point out that past results are not guaranteed for future earnings and OMNIA assumes no liability. We will be scheduling live ZOOM Webinars for all the countries that are highly represented with OMNIA IBO's, and will include translators for the various languages for each one! Watch Telegram and e-mail for details on each one as they are scheduled! You are invited to a Zoom webinar.  When: Jul 7, 2018 4:00 PM Vienna Topic: Trading Platform Discussion w/ Robert Velghe & Guests!  Please click the link below to join the webinar: Or iPhone one-tap :     US: +16699006833,,137560288#  or +19294362866,,137560288#  Or Telephone:     Dial(for higher quality, dial a number based on your current location):          US: +1 669 900 6833  or +1 929 436 2866      Webinar ID: 137 560 288     International numbers available: To infinity and beyond, Your Team OMNIA   
  • South Korea is Officially Recognizing Crypto Exchanges as Regulated Banks BITCOIN EXCHANGE JULY 06, 2018 11:33South Korea is Officially Recognizing Crypto Exchanges as Regulated BanksFor the first time in history, the government of South Korea has officially recognized crypto exchanges regulated financial institutions and banks.Local publications in South Korea have reported that the financial authorities of South Korea have finalized their plans to categorize crypto exchanges as an industry called “Cryptocurrency Exchange and Brokerage” to enable trading platforms to perform at a large capacity with support from local authorities.From Communication Vendors to Financial InstitutionsFor many years, the government of South Korea has considered regulating the cryptocurrency sector with practical regulations and policies, primarily to prevent large-scale hacking attacks and security breaches from occurring, as seen in the case of Bithumband Coinrail in early 2018.However, local financial authorities feared that the regulating the cryptocurrency market would lead the public to believe that the government has legitimated the cryptocurrency sector. Consequently, South Korea postponed the regulation of cryptocurrency exchanges.This week, local publications revealed that the government of South Korea has come to a consensus to recognize crypto exchanges as regulated financial businesses, creating a new industry dedicated to cryptocurrency trading platforms.In the short-term, the newly created regulatory framework for cryptocurrency exchanges may have a negative impact on both the trading platforms and investors, because it would mean stricter Know Your Customer (KYC), Anti-Money Laundering (AML), and customer verification policies.The recognition wil also bring increased scrutiny for domestic Korean crypto exchanges.Crypto exchanges like Bithumb, Coinone, and Korbit will also be likely required to overhaul their internal management systems and drastically enhance security measures to remain in compliance with new policies.Still, in the long run, local analysts have stated that the decision of the government to legitimize the cryptocurrency sector will lead to large-scale institutional investors and retail traders entering the crypto market, allowing digital assets to be considered as an emerging asset class.South Korean authorities will also alter existing regulations to facilitate the development of decentralized applications and base layers such as Ethereum and EOS.No More Minor Crypto ExchangesPreviously, crypto exchanges were considered as communication vendors and trading platforms were only required to purchase $20 licenses to operate. In the upcoming months, crypto exchanges will be required to obtain necessary approval from the country’s cybersecurity agencies and the department of financial intelligence.Moon Byung-ki, SK Infotech high-tech department director, a subsidiary company of South Korea’s biggest telecommunications conglomerate SKT, said that due to the lack of regulations, new exchanges have been able to operate in the country without any security system in place.“Small to medium-sized cryptocurrency exchanges delay the implementation of necessary security measures and are only focusing on business expansion.”In the upcoming months, these exchanges will not even be permitted to operate regionally unless they successfully obtain approval from local government agencies.Regulating crypto exchanges as financial institutions will provide the Financial Services Commission (FSC) direct control and authority over the cryptocurrency sector. As such, concerning investor protection in specific, the cryptocurrency industry in South Korea is expected to see significant changes in the next few months.Featured image from Shutterstock.  
  • South Korea to Loosen Crypto Rules in Cooperation With G20 Directive BITCOIN REGULATION JULY 07, 2018 02:31South Korea to Loosen Crypto Rules in Cooperation With G20 DirectiveSouth Korea, a country that has banned ICOs, plans to loosen restrictions on cryptocurrencies based on efforts by G20 to create uniform regulations, according to The Korea Times. The G20 meeting established a July deadline for taking a first step on “unified regulations.”The recent announcement from South Korea is part of a loosening of restrictions on cryptocurrencies as the digital assets become better understood.Government to Address KYC/AMLAn official for the country’s Financial Services Commission (FSC) said the regulatory agency is not opposed to cryptocurrencies and has made revisions to address money laundering and other illegal activities.South Korea requires international cooperation on cryptocurrencies, another official stated, and remains in its early stages of developing its regulations. The official further noted that uniform rules represent a challenge due to the large range of assessments among government agencies.The government previously considered cryptocurrencies “non-financial products” on account of their speculative properties.Regulator Signals ChangeIn May, Yoon Suk-heun, who was recently named to lead the Financial Supervisory Services (FSS), said he would consider revising cryptocurrency regulations. Where the FSC inspects, the FSS studies and supervises financial institutions under FSC’s oversight.Yoon Suk-heun said at the time that the FSS will work with the FSC when an inspection of financial institutions and policies has different configurations connected with different scopes.A trade ministry official said that a “gradual shift” in the government’s thinking about cryptocurrency is called for, although it is unlikely there will be a major change in policy. The country needs to place greater emphasis on blockchain technology once it gains a better understanding of the “possible flipside” of cryptocurrency trading, the official noted.Also read: Exclusive: South Korea reveals new [positive] crypto regulatory guidelinesICO Ban Could EndSouth Korea’s ICO ban could soon come to an end.The country’s National Assembly has presented a plan to allow for domestic ICOs, which have been banned. Hong Eui-rak, a representative from the country’s ruling Democratic Party, said legislators are developing a law to remove the ban.The Ministry of Strategy and Finance is still negotiating with the National Tax Agency on a tax plan for cryptocurrencies, the trade official said, even though the plan has missed a June deadline.Kim Byeoing-young, a Seoul based technology reporter, said improved adoption will emerge once people can use cryptocurrencies like regular currencies instead of as speculative investments. The journalist predicted that interest in cryptocurrencies will double.The country recently recognized crypto exchanges as regulated financial institutions. The government agreed to categorize the exchanges as “cryptocurrency exchange and brokerages,” allowing the platforms to do business with local government support. The new framework could have an adverse impact on the platforms, however, since it could bring stricter KYC and AML policies.Under the country’s plan to monitor local cryptocurrency exchanges, the FSC has called for the investigation of three big banksthat have provided virtual accounts and banking services for the exchanges.Images from Shutterstock
  • 1 in 3 Germans See Cryptocurrency as an Investment Opportunity: Bank Report BITCOIN & BLOCKCHAIN INVESTMENTS JUNE 10, 2018 01:301 in 3 Germans See Cryptocurrency as an Investment Opportunity: Bank Report  German retail bank Postbank has reported that according to a recent survey, 29% of Germans believe that cryptocurrency is a desirable investment opportunity.The results from Postbank Digital Study 2018 were announced after 3,100 Germans were interviewed from the end of February to the end of March this year.One in two of the younger generation, between the ages of 18 to 34, are interested in cryptocurrency investment. This accounts for 46% of the total surveyed individuals. Furthermore, 14% of these people want to buy or mine cryptocurrencies in the next year.However, despite immense interest in the crypto sector, this demographic only makes up 8% of the total population. Dr. Thomas Mangel, Postbank Chief Digital Officer, said that youngsters shouldn’t concentrate completely on cryptocurrencies since this “type of investment is highly speculative”.Apart from age, the study also focused on gender by observing three different factors. Firstly, 60% of women consider the “independence of established financial systems” more important than 51% of men. Secondly, higher returns from cryptocurrency investment attract 56% men as compared to 36% women. Lastly, 39% of men are in favor of the anonymity provided by digital currencies, while only 26% of women think it is important. Out of this group, one in five people state that they are simple thrilled to become a part of a new form of investment.The survey was conducted at a time when bitcoin and other cryptocurrencies were experiencing a free fall. This is why the results in favor of these cryptocurrencies were a surprise to the bank. Mangel said that media is responsible for hyping this phenomenon, which in turn forces people to ignore the risks involved with buying these currencies. For instance, 20% of Germans believe that they are well informed in this topic by simply reading about it on social media. Additionally, 29% of 18-34 year olds think that they are crypto experts.However, majority of people are unaware that bitcoin gains are subject to taxation in different countries. “Due to the media hypes, many people overestimate their knowledge of the opportunities and risks of cryptocurrencies as an investment,” concluded Mangel.In March, South Korea Financial Investors Protection Foundation also published results of a survey that showed that majority of 20-year-olds preferred investing in cryptocurrencies to conventional financial instruments such as stocks, CDs and bonds.Featured Image from Shutterstock 
  • Ethereum Price Jumps 5% as Cryptocurrency Market Rebounds; Tokens Up Significantly BITCOIN ANALYSIS JUNE 03, 2018 17:25Ethereum Price Jumps 5% as Cryptocurrency Market Rebounds; Tokens Up SignificantlyMajor cryptocurrencies including Ether, the native cryptocurrency of the Ethereum blockchain network, Bitcoin Cash, and Ripple have recorded relatively large gains in the range of 4 to 12 percent, as the cryptocurrency market demonstrated a $13 billion increase in valuation over the past 24 hours.Ether, Bitcoin Cash, RippleOften, both major cryptocurrencies and small tokens tend to follow the price movement of bitcoin, and depending on the performance of the dominant cryptocurrency, the vast majority of cryptocurrencies in the market either record gains or losses by large margins.On June 3, the cryptocurrency market experienced a reverse trend. The price of BTC failed to record a major movement in the $7,700 region, while Ether, Bitcoin Cash, and Ripple increased substantially overnight. Tokens including Ontology and Zilliqa have also recorded 12 percent gains, outperforming BTC.The rally of volatile cryptocurrencies such as Ripple, Bitcoin Cash, Ontology, and Zilliqa demonstrate the willingness of investors to take more risks, despite the ongoing recovery period and high volatility.Against the US dollar, Ether has performed particularly well, initiating its first noteworthy corrective rally for the first time since April 7. Since May 28, the price of Ether has increased from $500 to $623, by more than 24 percent.However, traders are not highly confident in the short-term performance of the market and leading digital currencies including Ether and bitcoin due to their low volumes. Currently, Ether has the fourth largest daily trading volume behind BTC, Tether, and EOS, at around $1.9 billion. The large trading volume of Tether, a cryptocurrency whose value is hedged to the US dollar, shows that a significant portion of traders are utilizing the currency to hedge the value of other cryptocurrencies, preparing for a potential drop in the short-term.While Ether has increased by a large margin over the past week, its trading volume throughout the past five days is around one third of the daily trading volume of Ether on April 7, when it initiated a massive corrective rally from $360 to $800.Bitcoin’s daily trading volume also remains below the $5 billion mark, which is substantially low given that the volume of BTC was well above $10 billion a few months ago. Considering the minor movement in the price of BTC and the weak volumes of other major cryptocurrencies, it is possible that the cryptocurrency market struggles to maintain momentum in the upcoming days and experience a slight correction.Mid-Term OptimismInvestors are generally optimistic in the mid-term trend of BTC and the cryptocurrency market. But, as Blocktower’s Ari Paul noted, institutional investors are expected to take at least three to six months enter the cryptocurrency market with tens of billions of dollars in capital and until then, it remains uncertain whether the market can initiate a bull run back to the $800 billion region.“Custody isn’t binary. It’s not like Coinbase custody will launch and suddenly every pension will throw $100m into BTC. It takes time for custody solutions to gain trustworthiness. But…I think we’ll have solid third party custody by September of this year,” Paul noted.Follow us on Telegram.
  • The Word “Ethereum” Has Been Googled More Than 110 Million Times ALTCOIN NEWS JUNE 03, 2018 23:25The Word “Ethereum” Has Been Googled More Than 110 Million TimesGiven the impact Ethereum has had on blockchain development since its founding in 2015, it’s hard to imagine what blockchainand cryptocurrency would be like today without it.“Ethereum” Has Appeared in 110 Million Google SearchesConsenSys, a blockchain venture production studio building decentralized applications on Ethereum, offered a census of the cryptocurrency’s contributions to blockchain in a recent blog. Here’s a brief rundown.The word “Ethereum” has been referenced in more than 110 million Google searches in the last two years, the blog noted. On average, #ethereum gets tweeted 20,000 times daily.The ETH network has processed about 240 million transactions. On Jan. 4, it set a record of 1.3 million transactions in a 24-hour period. Source: EtherscanNearly 17,000 nodes operating the Ethereum blockchain on six continents make it the most decentralized blockchain platform, one sign of this being 35 million unique addresses. The number of active addresses on Jan. 4 for the first time exceeded 1 million and created a record of more than 350,000 new addresses in 24 hours.It is also the platform most involved with smart contracts, which are arguably one of the most dynamic tools in technology today. Ninety-four percent of the top 100 tokens based on market cap are built on Ethereum, as are 87% of the top 800 tokens. The tokens built on ETH are largely responsible for the $5.5 billion raised in 2017 token sales and $6.5 billion raised in the present year’s first quarter.The Largest Blockchain Developer CommunityEthereum’s estimated 250,000 developers also represent the largest blockchain developer community. Truffle, an ETH development framework, exceeded 200,000 downloads in October of 2017. Github cites 220,000 Ethereum commits and 14,000 repositories.The MetaMask browser extension that permits users to operate Ethereum DApps without operating a full Ethereum node has exceeded 1 million users.Foundations, organizations, businesses and startups have joined alliances to benefit from the Ethereum ecosystem, the most visible being The Ethereum Enterprise Alliance has expanded to more than 500 members in one year.Governments worldwide looking to utilize blockchain technology have largely used Ethereum. Brazil this year decided to place petitions on the coin’s network. Canada is testing Ethereum to enable citizens to have access to information about the use of government grants to address concerns about corruption. Zug, Switzerland has offered digital IDs registered on Ethereum, and Chile tracks energy grid data using it. Dubai is working to become a fully blockchain powered city by 2020, while Estonia became a “digital republic” using Ethereum.Also read: More than 1,000 DApps have launched since 20171,552 dApps To DateDApps are the blockchain’s main selling point, allowing developers to create smart contracts. A total of 1,552 dApps have been created with more in development.Numerous scalability projects, meanwhile, are looking to provide layer 2 solutions, also known as “inter-blockchain protocols.”A permissionless network for developers called Cosmos enables interoperability and scaling of the blockchain. Loom Network has launched a layer 2 platform on Ethereum that allows social and gaming dApps to scale. CryptoZombies is an app allowing anyone to be able to code smart contracts. OmiseGO enables the sending of fast transactions across borders with plasma.So what does this data mean for the future of cryptocurrency and decentralized networks in general? According to ConsenSys, it means that Ethereum will play an important role in the development of the next stage of the internet — Web 3.0.Featured Image from ShutterstockFollow us on Telegram. 
  • Abu Dhabi Ports Launches Blockchain Trade Solution for Imports and Exports BLOCKCHAIN NEWS JUNE 04, 2018 08:37Abu Dhabi Ports Launches Blockchain Trade Solution for Imports and Exports Maqta Gateway, a wholly owned subsidiary of maritime industry developer Abu Dhabi Ports, has developed and deployed its own blockchain solution for international logistics and trade.Dubbed ‘Silsal’, Arabic for ‘chain’, the blockchain solution is now the first of its kind platform in Abu Dhabi and will enable real-time tracking of cargo and paperless documents while saving time and increasing overall efficiency of international trade on a decentralized ledger, the Emirates News Agency reports.The blockchain solution was developed to bridge the gap between exporters and importers in an industry that is notoriously averse to digitization and change by reducing the need for manual paperwork, communication and physical visits with faster, real-time information exchanges over a decentralized ledger.The international shipping industry is particularly ripe for disruption with the World Economic Forum (WEF) estimating that blockchain technology could potentially save 20 percent of the total physical transportation expenses, cutting costs by up to $1 trillion in global trade.“[B]lockchain is a key step in the digitalization of trade,” said Dr. Noura Al Dhaheri, CEO of Maqta Gateway, adding:Through Silsal, we will be offering the trade community secure and integrated access to blockchain technology, with the added value of cost and time savings through real-time track and trace, reduction in paperwork and ease in extracting vital information to receive live updates.The platform will also be able to encrypt and safely secure all essential transport documentation including the bill of lading, booking, delivery and transport orders.Developed by the Digital Innovation Lab of Maqta Gateway, the blockchain was field tested with strategic customers of Abu Dhabi Ports prior to launch and will see a commercial rollout to freight forwarders and their customers initially. Subsequently, the technology will be offered to the rest of the trade community as a ‘complementary tool’ alongside the current Maqta’s Port Community System, a move that will fast-track adoption.The deployment joins a growing list of similar blockchain applications within the international trade industry including systems developed by Europe’s largest shipping port in Rotterdam, Australia’s Port of Brisbane, Korea’s shipping industry and the world’s largest shipping company, Maersk.Port of Abu Dhabi image from Shutterstock.Follow us on Telegram.
  • Australia’s First ‘Digital Currency Town’ Accepts Bitcoin to Boost Tourism Australia’s First ‘Digital Currency Town’ Accepts Bitcoin to Boost TourismAustralian beach town Agnes Water is billing itself the country’s first ‘digital currency town’ in an effort to attract international digital-savvy travelers to boost its primary industry, tourism.Over 30 local businesses including accommodation providers, tour operators, restaurants and even the local pub in Agnes Water are now accepting cryptocurrencies, despite being a town of a mere 2,000 permanent residents. ‘Welcome to Agnes Water-1770, Australia’s First Digital Currency Town’ reads a billboard in welcoming visitors driving in, with support for cryptocurrencies including bitcoin, bitcoin cash, NEM, litecoin and ethereum.Source: Facebook/NEMThe beach town’s initiative to embrace cryptocurrency payments stems from local real estate agent Gordon Christian who began looking into accepting cryptocurrencies after a client, a local business owner, explored how to go about processing a bitcoin payment from a customer. Soon enough, Christian’s interest was piqued further when he learned that Brisbane International Airport, a five-hour drive from Agnes Water, had begun accepting cryptocurrencies at a number of retail storefronts.Selling the idea to local businesses wasn’t hard, he revealed. “We started from the ground up, shared it with a couple of businesses and they were straight on board … I guess they were international travellers themselves and had heard of these types of payments,” he told ABC News. “Initially we had a good 10 businesses that just said, ‘Fine — let’s go for it’.”Local tourism operator Arty Cipak added:“If it’s going to take cryptocurrency to get tourists to town, then bring it on.”Presently, 31 local businesses including resorts, backpacking establishments, tour companies and eateries are now accepting cryptocurrency payments through a point-of-sale app developed by TravelbyBit, a Queensland-based crypto payments startup.“We’ve got merchants all over Australia but they’re very sporadic,” TravelbyBit CEO Caleb Yeoh said. “[Agnes Water and] the Town of 1770 has the highest concentration.”While it’s early days, Australia’s first ‘digital currency town’ could soon lure a nice group of international tourists to Agnes Water rather than mainstream destinations, according to the crypto executive.“The town has made a very strategic move in trying to appeal to a niche market to take perhaps some of those tourists … to come out to their little part of the woods,” he said.Yeoh added:“If you travel around the world you have to deal with multiple currencies, the exchange rate can be confusing, sometimes you struggle to find ATMs, and sometimes you get swindled by money changers. Travelling with one global currency like Bitcoin … makes sense.””Agnes Water beach image from Shutterstock.Follow us on Telegram.
  • I Hope Bitcoin Will Be Internet’s ‘Native Currency’: Twitter CEO Jack Dorsey I Hope Bitcoin Will Be Internet’s ‘Native Currency’: Twitter CEO Jack DorseyJack Dorsey — CEO of both Twitter and Square — hopes that bitcoin will one day be the internet’s native currency.Dorsey made this statement during an interview with Elizabeth Stark of Lightning Labs at a fireside chat today at the Consensus 2018 conference in New York.Dorsey revealed that grew up in St. Louis, MI in what he described as a “huge hacker community” and that the ethos he saw growing up helped shape him into the innovative CEO of two major tech corporations that he is today.A major supporter of Bitcoin, Dorsey admitted that he didn’t understand the full implications of Satoshi Nakomoto’s white paper when he first read it but was nevertheless fascinated by what he did see in it.Later, he co-founded Square, a payment processing financial service, with Jim McKelvey, a glassblower and former employer of Dorsey’s. They developed Square as a credit card processing service, but Dorsey says the credit card aspect of things is incidental, saying the goal was to help merchants make a sale and accept payment in any way they could.“What we were doing was not building a credit reader[…] it was helping him make a sale,” he said, adding:“Any payment that comes across the counter a seller should be able to accept. They should only consider making the sale, not the currency used to make the sale.”What Changed Between 2014 – 2017?Jack Dorsey has long been a fan of bitcoin, and this interest is now evident in at least one of his company’s products, as Square’s Cash App now allows users to buy and sell BTC. | Source: ShutterstockDorsey said the main thing that changed for him was that community participation in Bitcoin increased. “It felt electric,” he said.During a Cash App hack week in January 2018, Dorsey set a goal to build a system where using the cash cart on Apple Pay he could go across the street and buy a cappuccino in the cafe in the Twitter building using Bitcoin. He enlisted the help of his engineer Mike Brock on the Tuesday of the event, with only a few days left.They ran into a deployment issue and missed the Friday goal, but achieved the goal on Tuesday the following week. After that they dedicated Brock to building Bitcoin within Square Cash, saying the feeling of solving the issue was “amazing.”Dorsey moved the project away from being a simple payment device and more into buying and selling.“We felt the buying and selling interface that existed at the time wasn’t simple enough and it didn’t really provide access to people in a way that we thought it could,” he said.Stark cracked a joke that the Cash app was “the real Bitcoin Cash” which didn’t quite land, before bringing the conversation to how and why Dorsey applied his expertise to the Square Cash app, the P2P payment application for mobile phones.“Square is good at speed and simplicity. We wanted it to be as simple as a cash app today, but ultimately wanted it to be fast,” he said. “We wanted to make sending money as easy as talking.”Initially, they worked with the idea of sending money via email also during a hacking event, and while it worked, they concluded that email was not the way to go, which is why they created the app, along with a Visa-branded debit card to go along with it. Dorsey discussed the implications for having banking alternatives in the modern world and what it meant for financial freedom.“What we’re seeing now is people are using it as their bank account,” he said.In some cases, people are using the app as their only bank account, and while providing financial services to the unbanked wasn’t a stated goal of the project, the team leaned into it when they saw the potential ramifications of their and similar projects on the financial space.Dorsey admits that the 2017 adoption of Bitcoin was a contentious move within the company, but spoke of his personal beliefs on the matter and why he was so determined to see it through, interrupted twice by applause from the audience. He said he believes that the world will have a global currency and that the hopes that currency will be bitcoin.“It’s going to happen – and so, as a company and also as individuals we need to learn how to help make that happen. The biggest thing I worry about as a company is there’s so much amazingness in the openness of the community and I want to make sure from a corporate standpoint that nothing ever threatens that, and what can we do to help the community to help the open source nature of the work?”Dorsey stated categorically that he felt no government or corporate body should by definition own Bitcoin or any other decentralized cryptocurrency, acknowledging that Square was a centralized company profiting from the decentralized technology. He said the goal was to continue to enable people to transact freely between each other, and invited the community to “call us out” on any perceived wrongdoings or missteps that were not in the best interests of the cryptocurrency space.Dorsey foresees a decentralized workforce in the cards for both Square and Twitter, saying the mega offices that they currently have for both companies are a “thing of the past” and that people are starting to work where they feel most creative.Could Square Become Obsolete?Stark questioned whether, like Bitcoin, Square may not be the ultimate solution in terms of P2P payment and cryptocurrency services, to which Dorsey candidly responded,”I actually don’t know.”He stated that it was indeed possible that Square would act as stepping stone for future projects, but felt that what they were doing was an important step in the current climate.  Dorsey said he resisted giving grand predictions over five or 10 years, saying the main thing was to have the patience to wait and adapt to circumstances as they come with an open mind, saying:“The internet deserves a native currency. It will have a native currency. I don’t know if it will be Bitcoin or not,” he said. “I hope it will be bitcoin.”Featured Image from Consensus 2018Follow us on Telegram.
  • Bitcoin Price Could Reach $64,000 in 2019: Fundstrat Analysis BITCOIN ANALYSIS MAY 10, 2018 15:55Bitcoin Price Could Reach $64,000 in 2019: Fundstrat AnalysisThe bitcoin price could reach $64,000 by the end of 2019, according to a new analysis of cryptocurrency mining economics.The study, conducted by Wall Street strategy firm Fundstrat Global Advisors, argues that that the ratio between the bitcoin price and miners’ breakeven cost (P/BE) has proven to be a “reliable long-term support level” for the flagship cryptocurrency and that current and future mining infrastructure development will “underpin bitcoin price appreciation into year-end 2019.”“We expect the mining economy to grow over the next several years, and project a BTC price of ~$36,000 by year end 2019 based on the historical average 1.8x P/BE multiple,” Fundstrat quantamental strategist Sam Doctor wrote in the report. Doctor added that although $36,000 is the most likely target for the bitcoin price according to this analysis, it could end up anywhere in the $20,000 to $64,000 range depending how the landscape develops over the next 18 months.Even the lower end of that range represents a 113 percent increase from the current bitcoin price, while the more optimistic target represents a 583 percent surge. At the time of writing, bitcoin was trading at $9,375 on Bitfinex.As CCN reported, mining firms have been rapidly scaling up their operations following last year’s prolonged bull market. Bitmain, the world’s dominant mining hardware manufacturer, is said to have made as much as $4 billion in operating profit in 2017, and Canaan — its largest competitor — is preparing to hold an initial public offering (IPO) that it believes will provide it with a $1 billion valuation.Fundstrat has long been bullish on bitcoin. Founder Tom Lee has argued that, among younger investors, cryptocurrencies are rapidly replacing gold as the most popular “store of value,” and the firm has published a number of analyses that suggest the ecosystem will experience sustained long-term growth.The firm has set its year-end price target at $25,000 for 2018 and has previously said that bitcoin could rise as high as $91,000 by early 2020.Featured Image from Shutterstock.Follow us on Telegram.
  • China to Establish National Blockchain Standards by 2019: Govt. Official BLOCKCHAIN NEWS MAY 10, 2018 10:33China to Establish National Blockchain Standards by 2019: Govt. OfficialChina’s government has reportedly begun working on national standards for blockchain technology in the country.In an interview with Chinese press agency Xinxua’s Economic Information Daily, an official from the Electronic Industry Standards Research Institute under China’s Ministry of Industry and Information Technology confirmed that the authority is working toward establishing national standards for blockchain tech. The standards will reportedly be developed for implementations of blockchain technology in multiple sectors encompassing various decentralized designs.Li Ming, who is the director of the Blockchain Research Office at the standards institute under the IT Ministry, also revealed that a broader national plan for blockchain standards is also underway with a number of relevant government departments working toward establishing a nationwide ‘Blockchain and Distributed Accounting Technology Standardization Committee’.The sweeping rollout of these standards, expected to occur before the end of 2019, will include basic standards, business and application standards, process and method standards, credible and interoperable standards and information security standards, according to the director.The official also emphasized the importance of security in blockchain technology, insisting that it would be a key aspect while developing the standards. Further, he stressed that the formulation of national blockchain standards was a governmental effort to guide the industry first and foremost, rather than hastening the advance of blockchain development.Li Ming’s remarks confirm previous reports of China’s IT ministry stressing the importance of introducing national blockchain standards “as soon as possible”. China is notably a part of technical committee (TC) 307 under the International Organization for Standardization (ISO) alongside 30 participating nations led by Australia.While China’s IT ministry point to “positive progress” in the grouped ISO effort that sees 7 standards covering core blockchain facets including smart contracts, the ministry stressed the importance of developing a “complete blockchain standard system” domestically.Featured image from Shutterstock.Follow us on Telegram. 
  • NYSE Isn’t Planning a Bitcoin Futures Market, But a Proper Crypto Exchange NYSE Isn’t Planning a Bitcoin Futures Market, But a Proper Crypto ExchangeAccording to a report by the New York Times, the world’s biggest stock exchange New York Stock Exchange (NYSE) is planning to operate a proper cryptocurrency trading platform.Beating Goldman Sachs and Nasdaq to the PunchOn May 3, CCN reported that Goldman Sachs is entering the bitcoin market by launching a futures market targeted at investors in the traditional finance sector and stock market. At the time, Goldman Sachs executive Rana Yared stated that despite the personal skepticisms of the bank’s executives, Goldman Sachs decided to operate a bitcoin trading desk to facilitate growing demand from its clients and investors.On May 8, less than a week after the plans of Goldman Sachs to operate a bitcoin futures market were revealed to the public, NYTimes reported that several emails and documents reviewed by the NYTimes team showed the parent company of NYSE has been developing an online bitcoin trading platform.“The parent company of the New York Stock Exchange has been working on an online trading platform that would allow large investors to buy and hold Bitcoin, according to emails and documents viewed by The New York Times and four people briefed on the effort who asked to remain anonymous because the plans were still confidential,” the New York Times reported.Just weeks ago, the chief executive of Nasdaq, the world’s second-largest stock exchange after the NYSE, revealed that the exchange would be open to trading cryptocurrencies in a regulated environment.Nasdaq has also hinted at becoming a crypto brokerage, in a regulated space.Goldman Sachs, CME, CBOE, and other major financial institutions that either already have integrated bitcoin or are planning to serve the bitcoin market in the future are operating or developing a futures market based on bitcoin, but are not directly dealing with bitcoin. Essentially, Goldman Sachs will allow its clients to hold contracts that mimic the value of bitcoin but they will not be able to own bitcoin or the actual currency.NYSE and its parent company is currently developing a proper bitcoin exchange on which investors can buy and sell the dominant cryptocurrency directly, without the involvement of futures, derivatives, and other types of contracts. NYSE clients and investors will be able to directly buy, sell, and hold bitcoin, possibly in a wallet, similar to Coinbase or other existing cryptocurrency platforms.Coinbase Custody, Bithumb’s offline exchange, and other services of major cryptocurrency exchanges already allow large-scale institutional and retail investors to invest in cryptocurrencies like bitcoin directly, in large sums. Coinbase Custody for instance only accepts bids larger than $15 million. Hence, investors will not necessarily gain any advantage or merit over other exchanges by using the bitcoin exchange of NYSE.But, the launch of the NYSE bitcoin exchange is monumental and symbolic, as it demonstrates that even the largest stock market in the world which settles trillions of dollars on a regular basis can no longer dismiss the cryptocurrency market, which is growing at an exponential rate.Unprecedented DemandIn an interview with NYTimes, LedgerX founder and CEO Paul Chou, who previously worked at Goldman Sachs as an executive, said that the bitcoin industry is seeing unprecedented institutional interest for the first time in history.“The industry is seeing unprecedented institutional interest for the first time in Bitcoin’s history. I’ve been amazed that the strongest believers in cryptocurrency often start out the most skeptical. It’s a healthy skepticism. But at some point the perception shifts, and for many institutions — I think we’re finally there.”Featured image from Shutterstock.Follow us on Telegram.
  • Thailand’s National Stock Exchange Launches Blockchain Crowdfunding Platform Thailand’s National Stock Exchange Launches Blockchain Crowdfunding PlatformThe Stock Exchange of Thailand (SET) has officially launched a blockchain-powered crowdfunding platform for startups in the country.Dubbed LiVE, the new crowdfunding marketplace from the SET is built on a blockchain that enables startups and small enterprises to access funding from venture capital funds and institutional investors directly via peer-to-peer trading.According to an announcement by the SET, eight companies from both public and private sectors have joined the platform at launch with a further 50 companies set to join the blockchain-powered funding platform.The launch sees the culmination of a plan that began in March 2017 when the SET unveiled its intention to operate a marketplace over a blockchain that will have no restrictions on trading units. The current apparatus for small companies and startups restricts trading in board lots, or units of 100. At the time, an SET official said over 600 companies had registered with the stock exchange operator, expressing an interest to invest in startups through blockchain technology.As CCN reported at the time, the marked pivot to adopt a blockchain marketplace follows a mandate by Thailand’s deputy minister Somkid Jatusripitak urging the SET to create a new bourse for domestic startups to access financing. SET requirements do not allow startups to list on the national stock exchange since they are new businesses.“LiVE” platform has been developed with the use of blockchain technology as an infrastructure for participating businesses to expand and get connected with future alliances,” an excerpt from the announcement read.To join the blockchain platform, companies will need to be registered in Thailand and can qualify as an institutional investor, a venture capital investor, a corporate venture capital investor, or a specific investor with an annual income of over THB 4 million ($125,000), or combined assets worth over THB 50 million ($1.5 million).SET President Kesara Manchusree added:“LiVE” platform will be a key mechanism to help drive forward Thailand’s growth especially enabling startups and SMEs to have more financial accesses through crowdfunding. Businesses can utilize LiVE to promote to a wider target group while using partnership to expand customer base.Featured image from Shutterstock.Follow us on Telegram.
  • President of Armenia visits OMNIA's newest mining farm! 
  • Alexa Ranks Click on the URL below to see the full news.  
  • Omnia Official Launch Event In London Attended By Many Click on the URL below to see the full news.   
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