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The Prime Minister of Liechtenstein is certain that blockchain will have an impact on a variety of areas — exclusive interview
The Prime Minister of Liechtenstein is certain that blockchain will have an impact on a variety of areas — exclusive interview
From luxury cruises to Middle East startup tours, crypto enthusiasts are traveling the world, but it’s not always seen in a positive light.
From luxury cruises to Middle East startup tours, crypto enthusiasts are traveling the world, but it’s not always seen in a positive light.
Internet of Things (IoT) data marketplace platform DataBroker DAO has released the official times and places for its China roadshow that takes place from June 12th to June 20th, 2018, while confirming the token sale end has been extended to June 30th, 2018, in consideration of the Chinese prospects. Roadshow in China: accessing the potential …
The post IoT Data Marketplace DataBroker DAO Reveals China Roadshow Dates, With Double Token Sale Rewards for June, Plus Aerodyne as Latest Partner appeared first on BitcoinNews.com.
Internet of Things (IoT) data marketplace platform DataBroker DAO has released the official times and places for its China roadshow that takes place from June 12th to June 20th, 2018, while confirming the token sale end has been extended to June 30th, 2018, in consideration of the Chinese prospects.
Roadshow in China: accessing the potential
The appearance of DataBroker DAO in China is no coincidence – China is the largest global market for IoT sensor data and hardware, taking over a fifth of the global market share in these terms. The projected growth for IoT in China is expected to outperform GDP, with 20% to 30% growth predicted by 2020, ensuring China is firmly in Number 1 in terms of market share.
Already worth half a trillion yuan (USD 80 billion), the Chinese market is growing at a tremendous rate – the timing of the China roadshow and the opportunity to onboard more investment has been considered and this has played its role in extending the token sale to the remainder of June. DataBroker DAO has set for itself a sales target of 108 million DTX tokens as part of its objectives during the China roadshow.
With this, the DTX token listing on the CoinFalcon exchange will also be postponed to after the token sale concludes, while the team simultaneously pursues listing opportunities on Chinese exchanges.
The project now confirms the roadshow appearances in China, and provides the details as below, including for further appearances at the Rise Conference in Hong Kong and SIBOS, Sydney:
CHINA ROADSHOW, June 12th to 20th, 2018:
Shanghai 上海 Tuesday, June 12th and Wednesday, June 13th
Hangzhou 杭 Thursday, June 14th
Guangzhou 广州 Friday, June 15th
Shenzhen 深圳 Saturday, June 16th and Sunday, June 17th
Beijing 北京 Monday, June 18th and Thursday, June 22th
Hong Kong, July 9th to 13th, 2018
Sydney, October 22nd to 25th, 2018
In addition, private meetings with DataBrokerDAO CEO and Co-Founder Matthew Van Niekerk can also be arranged. Parties can register their interest by emailing at [email protected].
Announcing DataBroker DAO’s newest partner, Aerodyne
DataBroker DAO’s growing alliance also welcomes drone-based management solutions firm Aerodyne.
Aerodyne leases 35,000 flight operations and inspected more than 100,000 infrastructure assets in 2017 with their Drone-as-a-Service (DaaS) model, amassing $80 billion in construction projects’ gross development value.
The applications for its DaaS model are virtually limitless, ranging from mining and environmental management to precision agriculture and construction site inspection. Aerodyne drones are immediately deployed without the need for setting up, investment, training or maintenance, for security and surveillance or emergency response.
Aerodyne drones will not become obsolete, making it a cost effective solution when combined with DataBroker DAO’s marketplace, allowing solution users to sell drone-collected data to anyone wishing to access sensor data, photos, videos and other data.
DTX Token Sale and Distribution
While the token sale extension has in part been due to the considerations of leveraging Chinese prospects, it has also been a result of taking into account community feedback and discussions regarding the decision with unpurchased DTX tokens.
The decision has now been made to optimize the DTX supply by increasing community distribution. As such, all existing DTX purchasers, as well as future purchasers, will now enjoy double the rate of DTX purchased for the remainder of the token sale. The base rate of 1 ETH = 4,000 DTX has now been doubled to 1 ETH = 8,000 DTX.
To find out more, visit the DataBroker DAO website or read the DataBroker DAO whitepaper. To interact with the growing community, follow the DataBroker DAO Twitter or DataBroker DAO Facebook or DataBroker DAO thread on BitcoinTalk. Chat with other supporters in real time on the official DataBroker DAO Telegram channel.
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The post IoT Data Marketplace DataBroker DAO Reveals China Roadshow Dates, With Double Token Sale Rewards for June, Plus Aerodyne as Latest Partner appeared first on BitcoinNews.com.
Bloomberg |
Bitcoin Slips to 2018 Low as Rising Scrutiny Fuels Skepticism
Bloomberg Bitstamp is one of the major price sources for cryptocurrencies, which have no unified quotation system and can vary substantially among countries. Bloomberg’s composite pricing, which includes Bitstamp and other sources, showed Bitcoin closed on … |
Bloomberg | Bitcoin Slips to 2018 Low as Rising Scrutiny Fuels Skepticism Bloomberg Bitstamp is one of the major price sources for cryptocurrencies, which have no unified quotation system and can vary substantially among countries. Bloomberg's composite pricing, which includes Bitstamp and other sources, showed Bitcoin closed on ... |
Al-Bawaba |
Is Bitcoin Losing Its Worth?
Al-Bawaba Bitcoin on Saturday fell nearly 10 per cent to its lowest price of 2018 in the wake of the Japanese regulator FSA’s decision to ask six biggest cryptocurrency trading platforms in the country with business-improvement orders. Bitcoin had recovered … Here’s Why Bitcoin Is Plunging Today – Yahoo FinanceYahoo Finance Bitcoin tumbles 8% after Japan watchdog orders exchanges to beef up practices against money launderingCNBC Japan’s Biggest Bitcoin Exchange Suspends New BusinessWall Street Journal Bloomberg –Investopedia (blog) –newsBTC all 118 news articles » |
Al-Bawaba | Is Bitcoin Losing Its Worth? Al-Bawaba Bitcoin on Saturday fell nearly 10 per cent to its lowest price of 2018 in the wake of the Japanese regulator FSA's decision to ask six biggest cryptocurrency trading platforms in the country with business-improvement orders. Bitcoin had recovered ... Here's Why Bitcoin Is Plunging Today - Yahoo Finance Bitcoin tumbles 8% after Japan watchdog orders exchanges to beef up practices against money laundering Japan's Biggest Bitcoin Exchange Suspends New Business |
newsBTC |
Mt. Gox Will Compensate $1 Billion in Bitcoin, But Will Not Sell Until 2019
newsBTC The Mt.Gox debacle, originating from the devastating 800,000 Bitcoin hack in 2014, continues, with recent court documents showing that creditors may finally get the money and Bitcoin they deserve. $1 Billion Bitcoins Lost in Mt. Gox Hack to Be Returned to VictimsFortune Mt. Gox Creditors Get New Avenue for Recovering Bitcoin LossesBloomberg Bitcoin Magazine’s Week in Review: Fortunes and FallaciesBitcoin Magazine Cointelegraph –Bitcoinist –MtGox.com all 50 news articles » |
newsBTC | Mt. Gox Will Compensate $1 Billion in Bitcoin, But Will Not Sell Until 2019 newsBTC The Mt.Gox debacle, originating from the devastating 800,000 Bitcoin hack in 2014, continues, with recent court documents showing that creditors may finally get the money and Bitcoin they deserve. $1 Billion Bitcoins Lost in Mt. Gox Hack to Be Returned to Victims Mt. Gox Creditors Get New Avenue for Recovering Bitcoin Losses Bitcoin Magazine's Week in Review: Fortunes and Fallacies |
The Mt.Gox debacle, originating from the devastating 800,000 Bitcoin hack in 2014, continues, with recent court documents showing that creditors may finally get the money and Bitcoin they deserve. Civil Rehabilitation Process Finally Begins Mt.Gox is undoubtedly the cryptocurrency exchange with the most amount of notoriety, suffering the first notable Bitcoin hack, losing over 800,000…
The post Mt. Gox Will Compensate $1 Billion in Bitcoin, But Will Not Sell Until 2019 appeared first on NewsBTC.
The Mt.Gox debacle, originating from the devastating 800,000 Bitcoin hack in 2014, continues, with recent court documents showing that creditors may finally get the money and Bitcoin they deserve.
Mt.Gox is undoubtedly the cryptocurrency exchange with the most amount of notoriety, suffering the first notable Bitcoin hack, losing over 800,000 Bitcoin. Since the hack, legal battles have raged between the exchange and its creditors, the thousands of users of the exchange who lost Bitcoin in the hack.
Kobayashi became the topic of discussion in the cryptocurrency community, as he sold thousands of BTC on exchanges, causing substantial fluctuations in price. Some attributed a large majority of 2018’s downward price movement to his sell orders, reportedly selling over 30,000 BTC over the span of six months.
On June 22nd, Nobuaki Kobayashi, the now infamous Mt.Gox trustee, released a document giving an update on the Mt.Gox’s legal situation. According to the document, Mt.Gox has finally got the go-ahead for the commencement of the civil rehabilitation process. The start of the civil rehabilitation process will temporarily pause Mt.Gox’s ongoing bankruptcy court case, assuring that all debts are paid before the continuation of the bankruptcy proceedings.
The aforementioned document released by Mr.Kobayashi made it clear that users slated to get a “Bitcoin Claim” will receive Bitcoin instead of Japanese Yen, in accordance with Japanese civil rehabilitation law.
Kobayashi wrote:
“In bankruptcy proceedings, non-monetary claims are converted into monetary claims based on the valuation as at the time of the commencement of bankruptcy proceedings. In contrast, in civil rehabilitation proceedings, non-monetary claims are not converted into monetary claims at the time of commencement of the civil rehabilitation proceedings.”
That means that Kobayashi is now legally unable to sell any more of the BTC in his possession for Yen, or at least until the bankruptcy case recommences.
Those affected by the Mt.Gox hack will have until October 22, 2018, to make any claims over the Bitcoin stash which Kobayashi holds. Once compiled and verified, the civil rehabilitation requests will be submitted to Japanese courts, by February 14, 2019, at the latest.
CNBC acknowledged the Bitcoin debt repayment in their Fast Money segment, affectionately called Bitcoin’s ‘Funeral’. Brian Kelly, Founder and CEO of the BKCM cryptocurrency and blockchain invest firm, gave three reasons why BTC “isn’t dead yet.” One of these reasons being Mt.Gox’s well-received move to pay off its creditors, despite fears of a large selloff.
Kelly noted that the distribution of the Bitcoin owed will not happen until “Q1 of 2019”, adding that the creditors will not be able to sell their Bitcoin until then.
Brian Kelly added:
“Everybody thinks there is going to be a wave of selling. Not happening now!”
This delay, albeit only 8-9 months, should help to reduce any risk of the propagation of the bearish price movements seen since the start of 2018.
Featured Image from Shutterstock
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