Bitcoin Company CEO Dead Of Apparent Suicide

CEO Of Bitcoin Exchange Dies In Singapore

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CEO Of Bitcoin Exchange Dies In Singapore

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CEO Of Bitcoin Exchange Dies In Singapore

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Interview| Partner of FEX: FEX Exchange will fight its way out of line of besiegers

With the coming of the second anniversary for FEX Exchange, we interviewed the founding team for FEX Exchange.
After knowing the ambitions of FEX Exchange from our previous talks with the CEO Roland and the COO GT( Link:FEX CEO Roland:Blockchain Technology Will Wipe Out Half of employees in Traditional Financial Sector;Link:COO of FEX Exchange GT: I’m confident we can become the leading exchange)
It’s honored to welcome our next interviewee, Partner of FEX Exchange Grizz. Hope we could know more about FEX Exchange.
Content:
Interviewer: We’ve heard that you’re already a veteran in this industry. Could you talk about your experiences or share some thoughts with us?
Grizz: Hello, everyone. I think, actually, I’m still a student in this new-emerging industry which is constantly changing and I’m really keen on participating various meet-ups and AMA of those big figures in this circle so as to follow and learn some new ideas and advanced blockchain technologies.In 2016, I came into contact with Bitcoin when I saw this item on a foreign exchange platform, and then slowly learned about it. In 2017, I was engaging in a Blockchian+Insurance project for a HK overseas asset management company, which was quite a success based on the market heat at that time. Until the bear market of 2018, I joined FEX Exchange. Our priority at that time was to survive through the bear market. And we decided to focus on the overseas market, which is really a right choice if you look back now. Otherwise, FEX Exchange can’t welcome its second anniversary.
Interviewer: What is the biggest gain and experience that you has accumulated in the past two years?
Grizz: First of all, I think an exchange must have its own core values and clear and suitable positioning. FEX Exchange’s positioning is a blockchain project incubator exchange focused on overseas projects. Our projects are all over the world, including Mexico, Germany, Singapore, etc. In the current cooperative development trend of blockchain companies, we hope to incubate a series of high-quality global projects and build a all-round global blockchain ecosystem from upstream to downstream together with all projects under our parent group.
Secondly, we must have our own rhythm to be an successful exchange, not blindly following the trend and hold onto our own principles and bottom line instead of simply pursuing fast money. Plus, we must be brave in innovation and insist on doing practical things even in the bear market because you never know when the market will improve and bull market will come.
Interviewer: As a partner, what do you think is the biggest market advantage of FEX in the exchange track?
Grizz: We have the following market advantages in the exchange competition:
  1. We have been in the blockchain industry for two years. We have a stable team and sufficient resources and experience in this industry.
  2. Our vision is to be a global exchange oriented to global projects,and we have the most cutting-edge blockchain resources in the world. We have a group of partners around the world, who will deliver various blockchain resources to us.
  3. Behind FEX Exchange is a powerful investment fund. The whole business of the company is in the blockchain sector. As the terminal trading platform for blockchain projects, we have sufficient cash flow for the time being. This allows us to focus more on our brands and products, and to spare more energy to incubate projects of high qualities.
Interviewer: Recently, several exchanges are having some affairs that investors lose their trust for exchanges. What do you think of this phenomenon?
Grizz: According to unofficial statistics, at present, there are more than 3000 exchanges domestic, which obviously have exceeded the market demand in an equilibrium condition. Thus, the surplus situation is inevitable. Too many exchange operators want to win out in this battle, therefore, naturally, some will be injured or died in the process of fighting. It’s rather normal that more and more exchanges are trapped in terrible issues at present. ‘Survival of the fittest in natural selection’. Only when a number of them fall down can real opportunities come for the competent.
Interviewer:Many exchanges on the market now have recruited a large number of BD to occupy the domestic exchange market with the people tactics. Will you also do this to find the projects?
Grizz: This question is very interesting. As I attended the meeting in Wuzhen last week, many exchange BDs were trying hard to find projects, resulting in that many peers got to say: “Don’t get me wrong, I’m not the BD of the exchange.” as their open lines.
Literally, I won’t deny the effectiveness of this strategy which actually it is very suitable for the domestic market. However, FEX Exchange will not use this method currently because FEX Exchange is positioned as a high-quality project incubator exchange, and we prefer to cooperating with partners in depth. The relationship between the exchange and the project should not be antagonistic, but should be collaborative. We will focus our human resources on operation and products. The purpose is to let the project really go further and behave better in the market together with us.
Interviewer:So what is your strategy to rapidly stand out and compete with others in the market?
Grizz:I think the homogenization of domestic exchanges is fairly serious now, but it is impossible to compete with the Top exchanges if we fight alone and use those simple trading business to occupy the market.
FEX Exchange is building a global blockchain ecosystem from upstream to downstream under the parent group and incubating those high-quality overseas projects as well. We will build and optimize our trading platform and integrate with other different projects under the same parent group, such as mining machines, cloud computing, digital currency lending, investment fund, blockchain technology developing, live streaming , media, blockchain community, etc.
PS.
In the 18th collective learning, the Political Bureau of the CPC Central Committee stressed that “taking blockchain as an important breakthrough for independent innovation of core technology” and “accelerating the development of blockchain technology and industrial innovation”. The top-level forward-looking judgment makes “blockchain” enter the public vision and become the very focus of financial capital, real economy and the public opinion. Under the trend, it is believed that the blockchain industry will embrace a good development opportunity, and blockchain enterprises like FEX Exchange that works hard and grow steadily will surely grasp the trend and make progress rapidly. Therefore, we can cooperate with our strategic partners in a deeper level, more than listing which is our most advantageous product now.
Original interview link:
https://m.jinse.com/blockchain/522651.html?source=m
Twitter: https://twitter.com/FEXHK
Facebook: https://www.facebook.com/FEXHK
Telegram Group: https://t.me/fexhongkong
Medium: https://medium.com/@fexcoin
Customer Service: [email protected]

https://medium.com/@fexcoin/interview-partner-of-fex-fex-exchange-will-fight-its-way-out-of-line-of-besiegers-98a525b53ae5
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[Thursday, 17. October]

World News

The largest dark web child pornography site in the world has been taken down after IRS followed Bitcoin transactions
Comments | Link
Quebec to offer legal cannabis at $4.49 a gram, beating grey-market price
Comments | Link
HK protesters demand CCTV footage from Tiu Keng Leng school following death of 15-year-old student: Chan, a swimmer and a regular participant in the ongoing protests was last seen on Sept 19. Her body was found naked in the sea three days later.
Comments | Link

All news, US and international.

US Hearthstone players banned for Hong Kong protest
Comments | Link
A Lakers Fan Raised Almost $43k to Hand Out "Stand with Hong Kong" T-Shirts at the Season Opener
Comments | Link
Elijah Cummings, esteemed longtime Baltimore congressman, has died at 68
Comments | Link

Science

From 2007 to 2017, the number of suicides among people ages 10 to 24 increased 56 percent
Comments | Link
The “kids these days effect”, people’s tendency to believe “kids these days” are deficient relative to those of previous generations, has been happening for millennia, suggests a new study (n=3,458). When observing current children, we compare our biased memory to the present and a decline appears.
Comments | Link
The largest-ever natural experiment on wealth taxes found that they work as intended — both raising revenue and controlling income inequality. The taxes had the greatest impact on the top .1% wealthiest.
Comments | Link

/Technology

New Bill Promises an End to Our Privacy Nightmare, Jail Time to CEOs Who Lie: "Mark Zuckerberg won’t take Americans’ privacy seriously unless he feels personal consequences. Under my bill he’d face jail time for lying to the government," Sen. Ron Wyden said.
Comments | Link
The Public Is Clearly on the Side of Net Neutrality
Comments | Link
Marc Benioff says it's time to break up Facebook
Comments | Link

Sadly, this is not the Onion.

8 families find out they have been paying respects to the wrong graves for 39 years
Comments | Link
Paris zoo unveils the blob, an organism with no brain but 720 sexes
Comments | Link
Mum of 44 kids banned from having any more children
Comments | Link

Ask Reddit...

What is something most people need to hear but no one has the guts to tell people?
Comments
What would be the worst possible movie quote to yell as you climax?
Comments
Successful people who got crappy grades in high school or college - what are you doing now and how did (or didn't) your grades affect your success/career?
Comments

Sysadmin

Run from Adobe Creative Cloud
Comments
Rant: Make the password "1234"
Comments
Amazon’s Consumer Business Just Turned off its Final Oracle Database
Comments

Microsoft SQL Server

Favorite resources to learn SSRS and SSIS?
Comments

PowerShell

'DarkMode' in Azure Network Topology Visualizer
Comments
Best way to start learning Powershell?
Comments
PSUrlScanio - Powershell module for using the urlscan.io API. (v1.0 release)
Comments

Functional 3D Printing

A simple cover for our laundry room connections, pun added by the missus
Comments | Link
Needed a new dog treat lid. Flexible print.
Comments | Link
Drilling guide to find the middle of the wood and make a nice vertical hole :)
Comments | Link

Data Is Beautiful

[OC] Top 5 accidental causes of death in Chicago, IL
Comments | Link
Color-Balancing Vote Margins and Vote Totals in the US Election Map [OC]
Comments | Link
[OC] Highly rated horror movies are less likely to have many jump scares
Comments | Link

Today I Learned (TIL)

TIL that after years of competition between Chuck E Cheese and Showbiz Pizza, Chuck E Cheese went bankrupt and was bought by Showbiz Pizza, who then proceeded to rebrand their locations as Chuck E Cheese.
Comments | Link
TIL 5-10% of Melanesians (a dark-skinned Pacific Island people) have blonde hair. This is not due to mixture with European populations, but rather due to an independently arising mutation.
Comments | Link
TIL that according to Graham Nash, Jimi Hendrix was unbeatable at the game Risk, especially while on LSD.
Comments | Link

So many books, so little time

Anyone else re-read old favourites for stress relief?
Comments
Almost finished reading Harry Potter and the Philosopher's Stone to my son for the first time!
Comments
Dracula
Comments

OldSchoolCool: History's cool kids, looking fantastic

The note my dad wrote to my mom on the back of his high school portrait when they were seniors. They ended up going to prom together and have now been married for 29 years :)
Comments | Link
After the assassination of senator and presidential candidate Robert F. Kennedy in 1968, a lot of Americans went to see his funeral car as it traveled by rail from New York to Washington. A photographer who traveled with the casket took this photo as the train passed through Baltimore.
Comments | Link
Kid with Power Glove circa 1989
Comments | Link

aviation

Aww, now he can fly with the-
Comments | Link
Last flight to land in Jazan airport, saudi arabia before the airport close down due to massive sandstorm.
Comments | Link
Layers upon layers
Comments | Link

Reddit Pics

Though it has been around since the 1950s, the rockabilly culture is still going strong in Japan!
Comments | Link
10 year old kid standing tall after being arrested in Hong Kong for shouting “revolution of our time, glory to Hong Kong”
Comments | Link
A shirt I gifted my sister in 2013
Comments | Link

.gifs - funny, animated gifs for your viewing pleasure

The true heros of the sea
Comments | Link
Where did the human go?
Comments | Link
A breathtaking view of Switzerland from this hotel's pool
Comments | Link

A subreddit for cute and cuddly pictures

Golden boy gets distracted by another handsome golden boy.
Comments | Link
Bobcat after a boy saved him from a fire (not my clip btw)
Comments | Link
Does this mean we are Best Friends Now?
Comments | Link
submitted by DangerDylan to DangerDylanTLDR [link] [comments]

Cryptocurrency companies use ‘backdoor’ listings to ease into mainstream

Representations of the Ripple, Bitcoin, Etherum and Litecoin virtual currencies are seen on a PC motherboard in this illustration picture, February 13, 2018. REUTERS/Dado Ruvic/IllustrationFebruary 22, 2019
By Alun John and Anna Irrera
HONG KONG (Reuters) – Several cryptocurrency exchanges have moved closer to mainstream markets by buying listed companies, looking to raise funds and present themselves as embedded in the traditional financial services world they once spurned.
In the most recent deal, U.S. crypto broker-dealer Voyager Digital on Feb. 11 achieved a “backdoor” listing on Toronto’s Venture Exchange after it bought control of mineral exploration firm UC Resources.
Such purchases, also known as reverse mergers, allow companies to offer shares to the public without the rigors and regulatory scrutiny of a full initial public offering (IPO).
“Many (cryptocurrency) exchanges have put a lot of strategic effort into trying to legitimize their operations and their reputations, and for some there’s an assumption that having some exposure to the traditional public market will help,” said Fei Ding’an, managing partner at Ledger Capital, a digital asset investment firm.
Japan’s Financial Services Agency (FSA) is the only major national regulator so far to have drawn up a definitive framework to govern digital assets and the platforms where they are traded.
In January, OKC Holdings, a company controlled by Star Xu, the founder of crypto-exchange OK Coin, bought 60.5 percent of LEAP Holdings,, a Hong Kong-listed construction firm, for HK$484 million ($61.69 million).
Days later, the parent of Korean crypto exchange Bithumb announced plans for a U.S. listing via the purchase of Blockchain Industries.
Last year, investors that included the co-founders of crypto-exchange software producer ANX International bought a controlling stake in Hong Kong-listed marketing firm Branding China, while Huobi, a Singapore based exchange, bought a 72 percent stake in Hong Kong-listed power electrical company Pantronics Holdings.
Voyager said its listed shares could help fund growth.
“Being a public company enables Voyager to operate with the transparency that the crypto market deserves from its institutions,” Voyager CEO Steve Ehrlich said in an email.
Neither Huobi nor OKCoin has given details of their plans for the purchases.
ANX International remains separate from the renamed BC Group, but since the change in ownership the listed unit has launched new businesses that include a digital asset trading and exchange platform.
A spokesman for BC Group said being publicly traded gave clients “additional confidence in knowing we are a credible company and here for the long game.”
Spokespeople for OKCoin and Huobi declined to comment.
Neither Bithumb nor its parent Blockchain Exchange Alliance responded to requests for comment.
LEGITIMACY
Crypto experts said the deals could help the industry gain greater mainstream acceptance.
The reputation of cryptocurrencies, and particularly exchanges, has been hit hard by fears of price volatility and possible uses for laundering money alongside high-profile hacks and infrastructure failures.
Last year, the New York attorney general’s office warned that several cryptocurrency exchanges were plagued by poor market surveillance and pervasive conflicts of interest, saying some may be operating illegally.
This month, $137 million in cryptocurrencies was frozen in the user accounts of Canadian digital platform Quadriga after the founder, the only person with the password to gain access, died unexpectedly.
The crypto market peaked in late 2017, when trading volumes surged and bitcoin, the largest cryptocurrency, reached a high just above $20,000. Bitcoin’s price has fallen more 80 percent since then, and trading volumes have slumped.
Some exchanges may also feel pressure from investors seeking a means of realizing their profits.
“With the market turning south and regulators not being happy, this is an opportunity to satisfy investors and founders who are looking for an exit,” said Zennon Kapron, director at financial technology consultancy Kapronasia.
WRESTLING WITH REGULATORS
Public listings of cryptocurrency exchanges also pose a challenge for regulators, who are only beginning to grapple with the issues of overseeing the trading of digital currencies.
Japan’s FSA became the first major jurisdiction to regulate the exchanges in 2016, but has since refined its rules to allow the industry to largely self-regulate.
In the United States, New York state has, so far, issued a handful of so-called BitLicences for companies doing any sort of virtual currency business.
Both Hong Kong’s market watchdog, the Securities and Futures Commission, and the Hong Kong Exchange declined to comment.
But the commission is considering whether some cryptocurrency trading platforms are suitable for regulation, a process it hopes to finish this year, its chief executive, Ashley Alder, told legislators on Tuesday.
Hong Kong officials have already questioned the sustainability of crypto businesses when last year, the world’s largest makers of cryptocurrency mining rigs did not follow through on IPO plans in Hong Kong, in part because of the questions officials raised.
“It’s possible a crypto exchange could incubate a new crypto business inside a Hong Kong-listed company, maintain the listed company’s existing operations, and not be treated as a new IPO, but it is a very difficult tightrope to walk,” said a person familiar with the listing committee’s processes, speaking anonymously because he was not authorized to speak to the media on the subject.
The Hong Kong Stock Exchange’s Listing Committee must be satisfied that a company’s business is sustainable before it can list. The miners’ bids were stymied by fears that the falling price of bitcoin made their business models unworkable, sources said.
Although backdoor listings are permitted in most countries, some regulators, including those in Hong Kong, can review the deals and can in some circumstances require a full IPO instead.
“Crypto companies may struggle to demonstrate suitability for listing given the state of regulation of the industry and uncertain business models,” said Jason Sung, a Hong Kong-based partner at law firm Herbert Smith Freehills.
Exchanges like Bithumb that are looking to the United States could also similar roadblocks.
The SEC has authority both over U.S. companies selling digital securities and companies conducting a reverse merger in the United States.
“Depending on what the companies are planning to do they very well might have to seek regulatory approval from the SEC or the CFTC,” said Richard Levin, chairman of the financial technology and regulatory practice at the U.S. law firm Polsinelli.
(Reporting by Alun John in Hong Kong and Anna Irrera in New York; Editing by Jennifer Hughes and Gerry Doyle)
Source: OANN
from MAGA First News https://magafirstnews.com/oan-newsroom/cryptocurrency-companies-use-backdoor-listings-to-ease-into-mainstream/
via IFTTT
submitted by peterboykin to The_NewDonald [link] [comments]

Cryptocurrency companies use ‘backdoor’ listings to ease into mainstream

Representations of the Ripple, Bitcoin, Etherum and Litecoin virtual currencies are seen on a PC motherboard in this illustration picture, February 13, 2018. REUTERS/Dado Ruvic/IllustrationFebruary 22, 2019
By Alun John and Anna Irrera
HONG KONG (Reuters) – Several cryptocurrency exchanges have moved closer to mainstream markets by buying listed companies, looking to raise funds and present themselves as embedded in the traditional financial services world they once spurned.
In the most recent deal, U.S. crypto broker-dealer Voyager Digital on Feb. 11 achieved a “backdoor” listing on Toronto’s Venture Exchange after it bought control of mineral exploration firm UC Resources.
Such purchases, also known as reverse mergers, allow companies to offer shares to the public without the rigors and regulatory scrutiny of a full initial public offering (IPO).
“Many (cryptocurrency) exchanges have put a lot of strategic effort into trying to legitimize their operations and their reputations, and for some there’s an assumption that having some exposure to the traditional public market will help,” said Fei Ding’an, managing partner at Ledger Capital, a digital asset investment firm.
Japan’s Financial Services Agency (FSA) is the only major national regulator so far to have drawn up a definitive framework to govern digital assets and the platforms where they are traded.
In January, OKC Holdings, a company controlled by Star Xu, the founder of crypto-exchange OK Coin, bought 60.5 percent of LEAP Holdings,, a Hong Kong-listed construction firm, for HK$484 million ($61.69 million).
Days later, the parent of Korean crypto exchange Bithumb announced plans for a U.S. listing via the purchase of Blockchain Industries.
Last year, investors that included the co-founders of crypto-exchange software producer ANX International bought a controlling stake in Hong Kong-listed marketing firm Branding China, while Huobi, a Singapore based exchange, bought a 72 percent stake in Hong Kong-listed power electrical company Pantronics Holdings.
Voyager said its listed shares could help fund growth.
“Being a public company enables Voyager to operate with the transparency that the crypto market deserves from its institutions,” Voyager CEO Steve Ehrlich said in an email.
Neither Huobi nor OKCoin has given details of their plans for the purchases.
ANX International remains separate from the renamed BC Group, but since the change in ownership the listed unit has launched new businesses that include a digital asset trading and exchange platform.
A spokesman for BC Group said being publicly traded gave clients “additional confidence in knowing we are a credible company and here for the long game.”
Spokespeople for OKCoin and Huobi declined to comment.
Neither Bithumb nor its parent Blockchain Exchange Alliance responded to requests for comment.
LEGITIMACY
Crypto experts said the deals could help the industry gain greater mainstream acceptance.
The reputation of cryptocurrencies, and particularly exchanges, has been hit hard by fears of price volatility and possible uses for laundering money alongside high-profile hacks and infrastructure failures.
Last year, the New York attorney general’s office warned that several cryptocurrency exchanges were plagued by poor market surveillance and pervasive conflicts of interest, saying some may be operating illegally.
This month, $137 million in cryptocurrencies was frozen in the user accounts of Canadian digital platform Quadriga after the founder, the only person with the password to gain access, died unexpectedly.
The crypto market peaked in late 2017, when trading volumes surged and bitcoin, the largest cryptocurrency, reached a high just above $20,000. Bitcoin’s price has fallen more 80 percent since then, and trading volumes have slumped.
Some exchanges may also feel pressure from investors seeking a means of realizing their profits.
“With the market turning south and regulators not being happy, this is an opportunity to satisfy investors and founders who are looking for an exit,” said Zennon Kapron, director at financial technology consultancy Kapronasia.
WRESTLING WITH REGULATORS
Public listings of cryptocurrency exchanges also pose a challenge for regulators, who are only beginning to grapple with the issues of overseeing the trading of digital currencies.
Japan’s FSA became the first major jurisdiction to regulate the exchanges in 2016, but has since refined its rules to allow the industry to largely self-regulate.
In the United States, New York state has, so far, issued a handful of so-called BitLicences for companies doing any sort of virtual currency business.
Both Hong Kong’s market watchdog, the Securities and Futures Commission, and the Hong Kong Exchange declined to comment.
But the commission is considering whether some cryptocurrency trading platforms are suitable for regulation, a process it hopes to finish this year, its chief executive, Ashley Alder, told legislators on Tuesday.
Hong Kong officials have already questioned the sustainability of crypto businesses when last year, the world’s largest makers of cryptocurrency mining rigs did not follow through on IPO plans in Hong Kong, in part because of the questions officials raised.
“It’s possible a crypto exchange could incubate a new crypto business inside a Hong Kong-listed company, maintain the listed company’s existing operations, and not be treated as a new IPO, but it is a very difficult tightrope to walk,” said a person familiar with the listing committee’s processes, speaking anonymously because he was not authorized to speak to the media on the subject.
The Hong Kong Stock Exchange’s Listing Committee must be satisfied that a company’s business is sustainable before it can list. The miners’ bids were stymied by fears that the falling price of bitcoin made their business models unworkable, sources said.
Although backdoor listings are permitted in most countries, some regulators, including those in Hong Kong, can review the deals and can in some circumstances require a full IPO instead.
“Crypto companies may struggle to demonstrate suitability for listing given the state of regulation of the industry and uncertain business models,” said Jason Sung, a Hong Kong-based partner at law firm Herbert Smith Freehills.
Exchanges like Bithumb that are looking to the United States could also similar roadblocks.
The SEC has authority both over U.S. companies selling digital securities and companies conducting a reverse merger in the United States.
“Depending on what the companies are planning to do they very well might have to seek regulatory approval from the SEC or the CFTC,” said Richard Levin, chairman of the financial technology and regulatory practice at the U.S. law firm Polsinelli.
(Reporting by Alun John in Hong Kong and Anna Irrera in New York; Editing by Jennifer Hughes and Gerry Doyle)
Source: OANN
from MAGA First News https://magafirstnews.com/oan-newsroom/cryptocurrency-companies-use-backdoor-listings-to-ease-into-mainstream/
via IFTTT
submitted by peterboykin to MagaOneRadio [link] [comments]

Cryptocurrency companies use ‘backdoor’ listings to ease into mainstream

Representations of the Ripple, Bitcoin, Etherum and Litecoin virtual currencies are seen on a PC motherboard in this illustration picture, February 13, 2018. REUTERS/Dado Ruvic/IllustrationFebruary 22, 2019
By Alun John and Anna Irrera
HONG KONG (Reuters) – Several cryptocurrency exchanges have moved closer to mainstream markets by buying listed companies, looking to raise funds and present themselves as embedded in the traditional financial services world they once spurned.
In the most recent deal, U.S. crypto broker-dealer Voyager Digital on Feb. 11 achieved a “backdoor” listing on Toronto’s Venture Exchange after it bought control of mineral exploration firm UC Resources.
Such purchases, also known as reverse mergers, allow companies to offer shares to the public without the rigors and regulatory scrutiny of a full initial public offering (IPO).
“Many (cryptocurrency) exchanges have put a lot of strategic effort into trying to legitimize their operations and their reputations, and for some there’s an assumption that having some exposure to the traditional public market will help,” said Fei Ding’an, managing partner at Ledger Capital, a digital asset investment firm.
Japan’s Financial Services Agency (FSA) is the only major national regulator so far to have drawn up a definitive framework to govern digital assets and the platforms where they are traded.
In January, OKC Holdings, a company controlled by Star Xu, the founder of crypto-exchange OK Coin, bought 60.5 percent of LEAP Holdings,, a Hong Kong-listed construction firm, for HK$484 million ($61.69 million).
Days later, the parent of Korean crypto exchange Bithumb announced plans for a U.S. listing via the purchase of Blockchain Industries.
Last year, investors that included the co-founders of crypto-exchange software producer ANX International bought a controlling stake in Hong Kong-listed marketing firm Branding China, while Huobi, a Singapore based exchange, bought a 72 percent stake in Hong Kong-listed power electrical company Pantronics Holdings.
Voyager said its listed shares could help fund growth.
“Being a public company enables Voyager to operate with the transparency that the crypto market deserves from its institutions,” Voyager CEO Steve Ehrlich said in an email.
Neither Huobi nor OKCoin has given details of their plans for the purchases.
ANX International remains separate from the renamed BC Group, but since the change in ownership the listed unit has launched new businesses that include a digital asset trading and exchange platform.
A spokesman for BC Group said being publicly traded gave clients “additional confidence in knowing we are a credible company and here for the long game.”
Spokespeople for OKCoin and Huobi declined to comment.
Neither Bithumb nor its parent Blockchain Exchange Alliance responded to requests for comment.
LEGITIMACY
Crypto experts said the deals could help the industry gain greater mainstream acceptance.
The reputation of cryptocurrencies, and particularly exchanges, has been hit hard by fears of price volatility and possible uses for laundering money alongside high-profile hacks and infrastructure failures.
Last year, the New York attorney general’s office warned that several cryptocurrency exchanges were plagued by poor market surveillance and pervasive conflicts of interest, saying some may be operating illegally.
This month, $137 million in cryptocurrencies was frozen in the user accounts of Canadian digital platform Quadriga after the founder, the only person with the password to gain access, died unexpectedly.
The crypto market peaked in late 2017, when trading volumes surged and bitcoin, the largest cryptocurrency, reached a high just above $20,000. Bitcoin’s price has fallen more 80 percent since then, and trading volumes have slumped.
Some exchanges may also feel pressure from investors seeking a means of realizing their profits.
“With the market turning south and regulators not being happy, this is an opportunity to satisfy investors and founders who are looking for an exit,” said Zennon Kapron, director at financial technology consultancy Kapronasia.
WRESTLING WITH REGULATORS
Public listings of cryptocurrency exchanges also pose a challenge for regulators, who are only beginning to grapple with the issues of overseeing the trading of digital currencies.
Japan’s FSA became the first major jurisdiction to regulate the exchanges in 2016, but has since refined its rules to allow the industry to largely self-regulate.
In the United States, New York state has, so far, issued a handful of so-called BitLicences for companies doing any sort of virtual currency business.
Both Hong Kong’s market watchdog, the Securities and Futures Commission, and the Hong Kong Exchange declined to comment.
But the commission is considering whether some cryptocurrency trading platforms are suitable for regulation, a process it hopes to finish this year, its chief executive, Ashley Alder, told legislators on Tuesday.
Hong Kong officials have already questioned the sustainability of crypto businesses when last year, the world’s largest makers of cryptocurrency mining rigs did not follow through on IPO plans in Hong Kong, in part because of the questions officials raised.
“It’s possible a crypto exchange could incubate a new crypto business inside a Hong Kong-listed company, maintain the listed company’s existing operations, and not be treated as a new IPO, but it is a very difficult tightrope to walk,” said a person familiar with the listing committee’s processes, speaking anonymously because he was not authorized to speak to the media on the subject.
The Hong Kong Stock Exchange’s Listing Committee must be satisfied that a company’s business is sustainable before it can list. The miners’ bids were stymied by fears that the falling price of bitcoin made their business models unworkable, sources said.
Although backdoor listings are permitted in most countries, some regulators, including those in Hong Kong, can review the deals and can in some circumstances require a full IPO instead.
“Crypto companies may struggle to demonstrate suitability for listing given the state of regulation of the industry and uncertain business models,” said Jason Sung, a Hong Kong-based partner at law firm Herbert Smith Freehills.
Exchanges like Bithumb that are looking to the United States could also similar roadblocks.
The SEC has authority both over U.S. companies selling digital securities and companies conducting a reverse merger in the United States.
“Depending on what the companies are planning to do they very well might have to seek regulatory approval from the SEC or the CFTC,” said Richard Levin, chairman of the financial technology and regulatory practice at the U.S. law firm Polsinelli.
(Reporting by Alun John in Hong Kong and Anna Irrera in New York; Editing by Jennifer Hughes and Gerry Doyle)
Source: OANN
from MAGA First News https://magafirstnews.com/oan-newsroom/cryptocurrency-companies-use-backdoor-listings-to-ease-into-mainstream/
via IFTTT
submitted by peterboykin to The_NewDonald [link] [comments]

Cryptocurrency companies use ‘backdoor’ listings to ease into mainstream

Representations of the Ripple, Bitcoin, Etherum and Litecoin virtual currencies are seen on a PC motherboard in this illustration picture, February 13, 2018. REUTERS/Dado Ruvic/IllustrationFebruary 22, 2019
By Alun John and Anna Irrera
HONG KONG (Reuters) – Several cryptocurrency exchanges have moved closer to mainstream markets by buying listed companies, looking to raise funds and present themselves as embedded in the traditional financial services world they once spurned.
In the most recent deal, U.S. crypto broker-dealer Voyager Digital on Feb. 11 achieved a “backdoor” listing on Toronto’s Venture Exchange after it bought control of mineral exploration firm UC Resources.
Such purchases, also known as reverse mergers, allow companies to offer shares to the public without the rigors and regulatory scrutiny of a full initial public offering (IPO).
“Many (cryptocurrency) exchanges have put a lot of strategic effort into trying to legitimize their operations and their reputations, and for some there’s an assumption that having some exposure to the traditional public market will help,” said Fei Ding’an, managing partner at Ledger Capital, a digital asset investment firm.
Japan’s Financial Services Agency (FSA) is the only major national regulator so far to have drawn up a definitive framework to govern digital assets and the platforms where they are traded.
In January, OKC Holdings, a company controlled by Star Xu, the founder of crypto-exchange OK Coin, bought 60.5 percent of LEAP Holdings,, a Hong Kong-listed construction firm, for HK$484 million ($61.69 million).
Days later, the parent of Korean crypto exchange Bithumb announced plans for a U.S. listing via the purchase of Blockchain Industries.
Last year, investors that included the co-founders of crypto-exchange software producer ANX International bought a controlling stake in Hong Kong-listed marketing firm Branding China, while Huobi, a Singapore based exchange, bought a 72 percent stake in Hong Kong-listed power electrical company Pantronics Holdings.
Voyager said its listed shares could help fund growth.
“Being a public company enables Voyager to operate with the transparency that the crypto market deserves from its institutions,” Voyager CEO Steve Ehrlich said in an email.
Neither Huobi nor OKCoin has given details of their plans for the purchases.
ANX International remains separate from the renamed BC Group, but since the change in ownership the listed unit has launched new businesses that include a digital asset trading and exchange platform.
A spokesman for BC Group said being publicly traded gave clients “additional confidence in knowing we are a credible company and here for the long game.”
Spokespeople for OKCoin and Huobi declined to comment.
Neither Bithumb nor its parent Blockchain Exchange Alliance responded to requests for comment.
LEGITIMACY
Crypto experts said the deals could help the industry gain greater mainstream acceptance.
The reputation of cryptocurrencies, and particularly exchanges, has been hit hard by fears of price volatility and possible uses for laundering money alongside high-profile hacks and infrastructure failures.
Last year, the New York attorney general’s office warned that several cryptocurrency exchanges were plagued by poor market surveillance and pervasive conflicts of interest, saying some may be operating illegally.
This month, $137 million in cryptocurrencies was frozen in the user accounts of Canadian digital platform Quadriga after the founder, the only person with the password to gain access, died unexpectedly.
The crypto market peaked in late 2017, when trading volumes surged and bitcoin, the largest cryptocurrency, reached a high just above $20,000. Bitcoin’s price has fallen more 80 percent since then, and trading volumes have slumped.
Some exchanges may also feel pressure from investors seeking a means of realizing their profits.
“With the market turning south and regulators not being happy, this is an opportunity to satisfy investors and founders who are looking for an exit,” said Zennon Kapron, director at financial technology consultancy Kapronasia.
WRESTLING WITH REGULATORS
Public listings of cryptocurrency exchanges also pose a challenge for regulators, who are only beginning to grapple with the issues of overseeing the trading of digital currencies.
Japan’s FSA became the first major jurisdiction to regulate the exchanges in 2016, but has since refined its rules to allow the industry to largely self-regulate.
In the United States, New York state has, so far, issued a handful of so-called BitLicences for companies doing any sort of virtual currency business.
Both Hong Kong’s market watchdog, the Securities and Futures Commission, and the Hong Kong Exchange declined to comment.
But the commission is considering whether some cryptocurrency trading platforms are suitable for regulation, a process it hopes to finish this year, its chief executive, Ashley Alder, told legislators on Tuesday.
Hong Kong officials have already questioned the sustainability of crypto businesses when last year, the world’s largest makers of cryptocurrency mining rigs did not follow through on IPO plans in Hong Kong, in part because of the questions officials raised.
“It’s possible a crypto exchange could incubate a new crypto business inside a Hong Kong-listed company, maintain the listed company’s existing operations, and not be treated as a new IPO, but it is a very difficult tightrope to walk,” said a person familiar with the listing committee’s processes, speaking anonymously because he was not authorized to speak to the media on the subject.
The Hong Kong Stock Exchange’s Listing Committee must be satisfied that a company’s business is sustainable before it can list. The miners’ bids were stymied by fears that the falling price of bitcoin made their business models unworkable, sources said.
Although backdoor listings are permitted in most countries, some regulators, including those in Hong Kong, can review the deals and can in some circumstances require a full IPO instead.
“Crypto companies may struggle to demonstrate suitability for listing given the state of regulation of the industry and uncertain business models,” said Jason Sung, a Hong Kong-based partner at law firm Herbert Smith Freehills.
Exchanges like Bithumb that are looking to the United States could also similar roadblocks.
The SEC has authority both over U.S. companies selling digital securities and companies conducting a reverse merger in the United States.
“Depending on what the companies are planning to do they very well might have to seek regulatory approval from the SEC or the CFTC,” said Richard Levin, chairman of the financial technology and regulatory practice at the U.S. law firm Polsinelli.
(Reporting by Alun John in Hong Kong and Anna Irrera in New York; Editing by Jennifer Hughes and Gerry Doyle)
Source: OANN
from MAGA First News https://magafirstnews.com/oan-newsroom/cryptocurrency-companies-use-backdoor-listings-to-ease-into-mainstream/
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Cryptocurrency companies use ‘backdoor’ listings to ease into mainstream

Representations of the Ripple, Bitcoin, Etherum and Litecoin virtual currencies are seen on a PC motherboard in this illustration picture, February 13, 2018. REUTERS/Dado Ruvic/IllustrationFebruary 22, 2019
By Alun John and Anna Irrera
HONG KONG (Reuters) – Several cryptocurrency exchanges have moved closer to mainstream markets by buying listed companies, looking to raise funds and present themselves as embedded in the traditional financial services world they once spurned.
In the most recent deal, U.S. crypto broker-dealer Voyager Digital on Feb. 11 achieved a “backdoor” listing on Toronto’s Venture Exchange after it bought control of mineral exploration firm UC Resources.
Such purchases, also known as reverse mergers, allow companies to offer shares to the public without the rigors and regulatory scrutiny of a full initial public offering (IPO).
“Many (cryptocurrency) exchanges have put a lot of strategic effort into trying to legitimize their operations and their reputations, and for some there’s an assumption that having some exposure to the traditional public market will help,” said Fei Ding’an, managing partner at Ledger Capital, a digital asset investment firm.
Japan’s Financial Services Agency (FSA) is the only major national regulator so far to have drawn up a definitive framework to govern digital assets and the platforms where they are traded.
In January, OKC Holdings, a company controlled by Star Xu, the founder of crypto-exchange OK Coin, bought 60.5 percent of LEAP Holdings,, a Hong Kong-listed construction firm, for HK$484 million ($61.69 million).
Days later, the parent of Korean crypto exchange Bithumb announced plans for a U.S. listing via the purchase of Blockchain Industries.
Last year, investors that included the co-founders of crypto-exchange software producer ANX International bought a controlling stake in Hong Kong-listed marketing firm Branding China, while Huobi, a Singapore based exchange, bought a 72 percent stake in Hong Kong-listed power electrical company Pantronics Holdings.
Voyager said its listed shares could help fund growth.
“Being a public company enables Voyager to operate with the transparency that the crypto market deserves from its institutions,” Voyager CEO Steve Ehrlich said in an email.
Neither Huobi nor OKCoin has given details of their plans for the purchases.
ANX International remains separate from the renamed BC Group, but since the change in ownership the listed unit has launched new businesses that include a digital asset trading and exchange platform.
A spokesman for BC Group said being publicly traded gave clients “additional confidence in knowing we are a credible company and here for the long game.”
Spokespeople for OKCoin and Huobi declined to comment.
Neither Bithumb nor its parent Blockchain Exchange Alliance responded to requests for comment.
LEGITIMACY
Crypto experts said the deals could help the industry gain greater mainstream acceptance.
The reputation of cryptocurrencies, and particularly exchanges, has been hit hard by fears of price volatility and possible uses for laundering money alongside high-profile hacks and infrastructure failures.
Last year, the New York attorney general’s office warned that several cryptocurrency exchanges were plagued by poor market surveillance and pervasive conflicts of interest, saying some may be operating illegally.
This month, $137 million in cryptocurrencies was frozen in the user accounts of Canadian digital platform Quadriga after the founder, the only person with the password to gain access, died unexpectedly.
The crypto market peaked in late 2017, when trading volumes surged and bitcoin, the largest cryptocurrency, reached a high just above $20,000. Bitcoin’s price has fallen more 80 percent since then, and trading volumes have slumped.
Some exchanges may also feel pressure from investors seeking a means of realizing their profits.
“With the market turning south and regulators not being happy, this is an opportunity to satisfy investors and founders who are looking for an exit,” said Zennon Kapron, director at financial technology consultancy Kapronasia.
WRESTLING WITH REGULATORS
Public listings of cryptocurrency exchanges also pose a challenge for regulators, who are only beginning to grapple with the issues of overseeing the trading of digital currencies.
Japan’s FSA became the first major jurisdiction to regulate the exchanges in 2016, but has since refined its rules to allow the industry to largely self-regulate.
In the United States, New York state has, so far, issued a handful of so-called BitLicences for companies doing any sort of virtual currency business.
Both Hong Kong’s market watchdog, the Securities and Futures Commission, and the Hong Kong Exchange declined to comment.
But the commission is considering whether some cryptocurrency trading platforms are suitable for regulation, a process it hopes to finish this year, its chief executive, Ashley Alder, told legislators on Tuesday.
Hong Kong officials have already questioned the sustainability of crypto businesses when last year, the world’s largest makers of cryptocurrency mining rigs did not follow through on IPO plans in Hong Kong, in part because of the questions officials raised.
“It’s possible a crypto exchange could incubate a new crypto business inside a Hong Kong-listed company, maintain the listed company’s existing operations, and not be treated as a new IPO, but it is a very difficult tightrope to walk,” said a person familiar with the listing committee’s processes, speaking anonymously because he was not authorized to speak to the media on the subject.
The Hong Kong Stock Exchange’s Listing Committee must be satisfied that a company’s business is sustainable before it can list. The miners’ bids were stymied by fears that the falling price of bitcoin made their business models unworkable, sources said.
Although backdoor listings are permitted in most countries, some regulators, including those in Hong Kong, can review the deals and can in some circumstances require a full IPO instead.
“Crypto companies may struggle to demonstrate suitability for listing given the state of regulation of the industry and uncertain business models,” said Jason Sung, a Hong Kong-based partner at law firm Herbert Smith Freehills.
Exchanges like Bithumb that are looking to the United States could also similar roadblocks.
The SEC has authority both over U.S. companies selling digital securities and companies conducting a reverse merger in the United States.
“Depending on what the companies are planning to do they very well might have to seek regulatory approval from the SEC or the CFTC,” said Richard Levin, chairman of the financial technology and regulatory practice at the U.S. law firm Polsinelli.
(Reporting by Alun John in Hong Kong and Anna Irrera in New York; Editing by Jennifer Hughes and Gerry Doyle)
Source: OANN
from MAGA First News https://magafirstnews.com/oan-newsroom/cryptocurrency-companies-use-backdoor-listings-to-ease-into-mainstream/
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Blockchain & Cryonics: Decentralized Immortality

Blockchain & Cryonics: Decentralized Immortality

https://preview.redd.it/dvzpdeq1fmj11.png?width=1290&format=png&auto=webp&s=be2a15bda34df968204032c72726b3d888909b4d
“People need to be frozen so that they do not die,” says transhumanist Valeria Udalova, CEO of the Russian cryo company KryoRus.
People have strived for immortality since the beginning of time and today, with the help of new biotechnologies, some of them choose be frozen hoping that in the future they will be revived. The technology of body conservation is called cryonics. It is a typical transhumanist dream to get cryopreserved and then, in a couple of centuries, resurrected to start a new life in that future society. How is this future world supposed to be functioning, and is there a place for blockchains there? Let’s find out.
KrioRus is now on the third stage of ICO – cryonics and blockchains may have some common ground. More than 3 million of CRYO tokens have already been sold, and KrioRus is planning to build a brand new cryocenter and to study various new techniques of freezing and reviving using these collected funds. But let’s not go into details of this particular project and look at the industry as a whole at first. What exactly is cryonics?
Cryonics aim to provide people with a long life or immortality by freezing them and preserving their bodies (or their brains). It is adjacent to cyborgization, life extensions, biohacking and the cyberpunk movement. Depending on the background of the transhumanist, these ideas may mutate into more or less radical forms, ranging from cultivation of artificial organs to uploading the brain into the Internet or deep freezing people for long space voyages like in the movie “Passengers”. More information about the actual freezing, labs and all the science behind it you can find in this guide by Healthy Way.
Several famous members of the crypto community have previously been frozen. Among them was cryptopioneer Hal Finney who was one of the first programmers to work on the Bitcoin source code and received the first transaction of 10 coins from Satoshi Nakamoto. He struggled with amyotrophic lateral sclerosis (ALS) and died from it. Right after his death, in 2014, he was cryopreserved by the American company Alcor.
Cryo and Crypto Society
It’s no secret that both the blockchain enthusiasts and transhumanists are futurists – both groups speculate about the future of society and dream of a better world. In fact, transhumanists almost invented a cryptocurrency once. But we will talk about that in a minute.
Transhumanists who believe in cryonics and immortality and the blockchain enthusiasts do look in the same direction. Both movements, obviously, consider technological developments and economic freedoms to be crucial for society. Ideology, which combines transhumanism and technological digital economy is called extropianism. According to extropians, only the development of science and technology will make it possible to prolong life significantly. Extropianism is a theory that combines transhumanist ideas with a practical approach.
“Human life can become eternal, like a binary code on a blockchain.” – KrioRus
Extropianism intersects a lot with the ideas of the cypherpunks who believed that encryption technologies should not be regulated by the state. A new form of digital money, “cryp”, was ostensibly discussed by the extropians in 1992. It was meant to be an electronic payment that guarantees the transaction and allows users to remain anonymous. It was not a cryptocurrency yet, but it was close. The extropians and blockchain enthusiasts are inherently united by this libertarian and even anarchist ideological basis, aspiration for freedom and privacy.
Uploading Yourself to Blockchain
Virtual reality can someday become our new home – or the home for our computer copies. The main obstacle that prevents us from uploading our brains to the Internet is the insufficient capacity of computers.
When a personality is loaded into a computer (this might be useful to revive of cryopatients), a distributed and secure storage of data, as well as confirmation of their identity will be absolutely necessary.
“Life extension technologies are very much connected with IT and blockchain. I will give an example: there is a concept that it is possible to develop equipment that will not destructively scan the brain and make its 3D model. Roughly speaking, the brain can be digitized. The Blue Brain project launched by IBM and the Swiss Federal Technical Institute of Lausanne is already researching this. It turns out that people can be digitized, uploaded to a computer and preserved – for example, on a blockchain.” Valeria Udalova
Perhaps, someday our entire civilization can be fully digitized and will function on blockchains, similar to Netflix series “Altered Carbon”.
Storing DNA on a Blockchain: Security and Immortality
The deciphering of the DNA is considered to be one of the most important recent events in science. And today it is possible to combine DNA with blockchain. As blockchain data can not be destroyed or altered, a DNA can be stored there forever.
But why store DNA in the first place? The answer is simple – to be able to recreate (clone or revive) this person in the future. This can facilitate the resurrection of cryopatients immensely as the DNA can provide the information needed to recreate someone’s body and mind. DNA storage ideas inspire digital immortality advocates to create blockchain technologies that allow to preserve identity and personal information in a secure way. Perhaps in a few centuries there will be technologies that will restore your body and mind based on genetic data safely kept in a blockchain database. What a time to be alive!
Blockchains can provide greater security of medical data. DNA databases already exist and are used, in general, to study diseases. In the meantime, medical data is constantly stolen: according to IBM Security research only in the United States, the cost of medical data theft damage is almost $6.2 billion per year.
Ildar Fazulyanov, CEO of WELL (blockchain marketplace for telemedicine services), said to Russian media Forklog:
“The leakage of DNA or medical history of a patient has more serious consequences than it may seem. For example, according to DNA, one can judge about the pedigree, illnesses or even predict how many years a person will live. This is the largest data warehouse, and it is still very vulnerable. The use of the blockchain allows to solve the problem of protecting this information from unauthorized access or use.”
So, the use of blockchain in genetics has two sides – realistic and romantic. lt can help protect the security of DNA data now, in this day and age. Such opportunities already exist (the company Encrypgen offers “blockchain security for protecting, sharing and re-marketing genomic data”). At the same time, blockchains can preserve this information for a long time, so that the transhumanist dream of a digital genetic resurrection could possibly come true.
KrioRus and ICO
In addition to common semi-utopian plans and aspirations, cryonics and blockchain have a practical common ground: high-tech projects often seek funds through ICO. A fairly successful ICO is carried out by the already mentioned Russian company KrioRus, and their project is called CryoGen. The project is carried out jointly with the NeuroDAO Foundation, which promotes research and applied projects of neurobiotechnics.
“Cryonics is very much underinvested. Millions of dollars are required for technical equipment and regional development of Russian cryonics. But this does not mean that we can not work without it. The Singapore fund NeuroDao suggested that we make a fashionable ICO for cryonics, we decided to try it. This is an outlet for a more progressive and risky audience than traditional venture capitalists. Our project CryoGen is focused on international expansion. “ Danila Medvedev, the founder of the Russian transhumanist movement, chairman of the board of directors of KrioRus
As of March 2018 ICO has moved to the second stage and has already sold more than 3 million tokens. KrioRus plans to build a cryocenter in Switzerland (now their center is located near 15th-century monastery town of Sergiyev Posad on the outskirts of Moscow). They also plan to conduct research on reversible organ freezing and space anabiosis.

For biotech projects, raising funds is an extremely relevant issue, since they are complex and costly enterprises. Alcor had previously publicly stated that it was lacking funds and even suggested to cancel certain memberships, increase duties, reduce quality of cryopreservations for underfunded members and so on. Meanwhile, grants can be inflexible and permit spending money on one narrow scientific field. In comparison to that, ICO seems to be a better solution for cryo companies to raise money for functioning, research and new projects.
Does cryonics work at all?
Perhaps the main similarity between cryonics and ICO is its scam tendencies? Well, this claim is not entirely false.
There is still no consensus in the scientific community whether freezing people or their brains really can ensure future revival. The issue of defrosting remains controversial. William Jarvis, the president of the US National Council on Fighting Health Fraud, said: “Cryonics may be an appropriate object for scientific research, but advertising unproven methods and trading it is quackery.” Some scientists consider cryonics to be charlatanism, and one can not blame them for the claims. Despite many experiments on animals, no one has been successfully defrozen and completely resurrected. Even Kriorus officially recognizes that it is not clear who will be responsible for the revival of the patient in the distant future.
Why, if this is such a controversial field, do people invest money in it? Why are scientists still actively studying anabiosis? According to mortician and videoblogger Caitlin Doughty, the main reason for the popularity of cryonics is “death denial,” not the reliability of this procedure. Kriorus states this in a more subtle way: “If cryonics does not work, you would in any case be dead; if it works, it can save your life.”
Anders Sandberg, of Oxford University’s Future of Humanity Institute gives the freezing, thawing and reanimation process “maybe a 5% chance” of working.
“The funny thing about cryonics is that they’re selling immortality, but very few people buy it,” he adds. Is this because people don’t actually want to live forever, or because people think it’s nonsense? I think it’s partially the nonsense part”.
Not to be confused:
Transhumanism is associated with the concepts of immortalism and cryonics. However, they have to be distinguished. Transhumanism is the desire to overcome the limits of human capabilities and solve the problems of humanity, and death is only one of these problems that immortalism specifically deals with. Cryonics is one of the tools of transhumanists and immortalists, along with prosthetics, organ cultivation etc.
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NOT A REHASH -- Much more details : Long on Bitcoin: Perseus and Atlas ATS Burnish Digital Currency, Target Market-Makers

Behind Paywall:
Despite recent headline-splashing travails, Bitcoin is steadily gaining reception among the world's largest market-makers and funds like Fort Hill Capital. Atlas, an alternative trading system, and network services provider Perseus are meeting that demand via the ATS's co-locations in New York, Hong Kong, and Singapore. Perseus’ Digital Currency Initiative (DCI) was recently established to implement standards by which Bitcoin (BTC) should be supplied to the trading community. Already with $2 million revenue a little over a month after official launch, DCI is now officially online with Atlas, an ATS using a matching engine across traditional asset classes that works at a speed of 30 millionths of a second (30µs), and which has been working on Bitcoin since April of last year.
Atlas CEO Shawn Sloves says the partnership has come as buy sides are beginning to respond in earnest to demands—both internal and client-driven—to capture Bitcoin’s value and exploit its existing microstructure, known as “walleting.”
"There are probably 40 or 50 firms that have created Bitcoin funds for themselves or clients already," he tells Buy-Side Technology, pointing out Duxbury, Mass.-based Fort Hill Capital Management as one example where fund managers have invested their own money. "The Bitcoin index's value multiplied 56 times last year, the highest increase of any asset class—ever. They want the alpha, while for the traditional market-maker shops in equities and options, it's harder to make money today because of the regional nature of exchanges and the tremendous arbitrage that implies."
Alec Petro, founder and managing partner at Fort Hill, which owns interests across a family of funds and mutual fund companies managing $4 billion, says it's all part of a learning curve. "Obviously, when we first entered the Bitcoin market as an investor, trader, then market maker, we understood well the speculative nature of Bitcoin as an asset. It's very hard to be a market participant without a reasonable stake in Bitcoin, and owning and trading BTC across many exchanges. It's risky, but we believe the risk-reward has been and continues to be attractive, and in the long term has the potential to have huge rewards to larger participants as the market evolves."
First Wave
Also among that first wave of Bitcoin pioneers, Sloves says, are prop shops, some of which will even have programmers writing Bitcoin applications in-house. "At the Securities Technology Analysis Center (STAC) Research conference last year in Chicago, we covered BTC and I was shocked to hear Miguel Rivera, CTO at Sun Trading, and guys from Tradebot Systems were already familiar and trading in Bitcoin in one shape or another," he says. "They're really looking at how to get in, how to do more of it, and going that direction really fast."
So, it's a great time to build a venue; details are the issue. As part of the project, Atlas has built an entirely "cold-storage" omnibus account structure, ensuring that only daily settlements are online at a given time, and uses multi-tiered architecture that is resilient to hackers. Accounting for Bitcoin's fractional shares options, covering its 180 different varieties, and designing a global order book that settles in real-time have all proved challenges too, according to Sloves, as Atlas has added the digital currency to its other markets. "Bitcoin trades much like foreign exchange (FX) or commodities, in that its value is in storage. Trading in Bitcoin US Dollar or Euro acts a lot like FX pairs," he says. "The other piece for Atlas, in supporting traditional options, futures, and FX, is that there will be a real need to leg-in or out of orders, or enabling a Bitcoin-fiat conversion, for example, so we have integration with 20 ECNs and banks, and soon we'll be launching BTC derivative products like options and futures that help with hedging Bitcoin's price."
Achieving Stability
The focus, then, is on two different types of market participants: market-makers accumulating trading positions throughout the day on one hand, and investors like Fortress Investment Group, who were in early consultations with Atlas, on the other.
"With options, market-makers can create a market-neutral position; for example, if they're long on Bitcoin, they can run calls or put positions to hedge that exposure," Sloves says. "Likewise for a firm like Fortress, which will run a program over the course of 24 hours, see where they end up and then leg-in another contract to deal with leftover currency risk. Having those tools available will help Bitcoin's long-term adoption." Fort Hill's Petro—who previously headed up BNP Paribas' global FX derivatives business—says a venue like Atlas can potentially provide more liquidity and transparency in Bitcoin by aggregating multiple exchanges and enabling larger market players to take larger positions quicker with less market turbulence, thus reducing overall BTC volatility. "Hopefully as these markets evolve, and even get regulated, which we are hoping for, this increase in liquidity will reduce volatility—although it has gone down a lot already over the past six months, even though it doesn't seem like it—to a place where new market participants will feel comfortable to enter. We believe there will be a lot of demand for Bitcoin and BTC derivatives and options as the price continues to stabilize. We are in that process now, and we think it will continue as the market sheds its bad actors. With each exit of these bad actors, the market stabilizes more and more. BTC derivatives also allow market participants to hedge positions when they want; this will add more stability to the markets as well."
'Die Hard'
All of that can only happen, though, if underlying IT is made to feel safe. Counterparty identification, for know-your-customer (KYC) and anti-money laundering (AML) requirements, has risen in priority as criminal elements have presented themselves in the Bitcoin conversation. Protecting cold storage has, too.
Original Bitcoin exchanges—including the now-infamous defunct Mt. Gox—were designed with a single "hot wallet" that transfers all Bitcoins to cold storage; the “keys” to the cold storage could be compromised and stolen if the hot wallet were penetrated. Atlas went out of its way to design its architecture such that those keys can be dispersed across more than a thousand separate wallets.
Then there was connectivity, for which Perseus' DCI and 60 Hudson Street datacenter proved an ideal match. Jock Percy, Perseus CEO, points out that Atlas will be run off an entirely private network and a physical connection will be required to tap into the venue—all considerations that regulators have been keen to observe, even if oversight responsibility for the currency remains to be settled.
“We wanted to be really open about how we're doing this, providing not just a sense, but a real look into what we want to provide, and how it's delivered,” Percy says. “It could be done, but to disrupt our operations as built, you would have to pull off a Die-Hard-style heist. The reason why we need to keep dialogue open is that we really want this to succeed. Of course, there are profit opportunities for us in it, but however clichéd it might sound, there's also the chance for this to eventually change the way the world transacts." The Bottom Line Atlas ATS and Perseus have partnered on a full-fledged Bitcoin offering for capital markets trading, including proprietary cold-storage and walleting integration and the eventual integration of derivatives based around the currency.
The partnership is driven by increased demand from both electronic traders and institutional investors looking to derive alpha and benefit from increased liquidity demands not already met by existing Bitcoin exchange venues.
Original Link: http://www.waterstechnology.com/buy-side-technology/analysis/2333353/perseus-and-atlas-ats-burnish-bitcoin-trading-target-buy-side
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Weekly Roundup | Random Chat | Notifications

News roundup for the previous week.
In International news
  1. Singapore and China work to boost Chongqing's connectivity
  2. Chinese private security goes global
  3. Could China's Trump tactics actually be working?
  4. Russia and China’s Enduring Alliance: shared political vision for world order provides the foundation for Chinese-Russian cooperation. It is defined primarily by the desire to see an end to U.S. primacy, to be replaced by multipolarity
  5. US Border (Black Shirt) Agents Out of Control, Randomly Harass visitors (Iranians, Taiwanese, Scandinavians, Australian Children book author). (ICE Agents Can Legally Lie to Trick and Interrogate People, and Detain People Under False Pretenses)
  6. Current Americans' view of China most positive in three decades: poll
  7. China's top diplomat to visit U.S. on Monday and Tuesday: Xinhua
  8. China and Italy will strengthen their cooperation in multilateral bodies, their leaders agreed during a meeting between Chinese President Xi Jinping and his Italian counterpart Sergio Matterella
  9. Australian swim coach who trained Sun Yang accuses drug cheat's critics of throwing stones from glasshouses. I was there when Sam got busted. Did we call her a cheat for the rest of her life? By that same rationale, Sam Riley is a cheat too. But we didn't say that did we?
  10. Wang Shiyue and Liu Xinyu held onto their lead from the short dance to win the gold medal in ice dancing at the Asian Winter Games
  11. Russia, China block U.N. sanctions on Syria over gas attacks: China backed Russia and cast its sixth veto on Syria. China's U.N. Ambassador Liu Jieyi said it was too early to act because the international investigation was still ongoing
  12. PH, China coast guards line up joint drills for 2017: The Philippine Coast Guard says there will also be high-level visits, port calls, and cooperation against transnational crimes
  13. China Wants to Attract More Foreigners (of a Certain Kind): seeking to attract more foreign investors, though most green card recipients still ethnically Chinese. China’s policies are contradictory in wanting foreign talent but has a deep-rooted instinct to keep foreigners at arm’s length
  14. ISIL video threatens China with 'rivers of bloodshed'
  15. China calls for cooperation to fight Uighur militants after video released
  16. Chinese immersion students win big in national competition
  17. Indonesian netizens cry anti-China conspiracy after seeing sign that reads “Indochina”: sinophobic Facebook post went viral in Indonesia, showing that there is clearly a link between ignorance and hatred "Indochina???? What country is that? Is this the sign of a revolution?"
  18. Which countries are on the right track, according to their citizens? - WEF Survey
  19. China, Laos agree to boost cooperation
  20. Italy Hopes to Participate in China's Silk Road Project: "We are confident in the realization of China's 'One Belt, One Road' initiative and we will work on that project together with China," Mattarella said
  21. China accuses western media of 'fake news' about human rights
  22. Protests mount in China against South Korea's missile system
  23. Murakami novel acknowledges Nanjing Massacre, sets off online frenzy
  24. Canada launches consultations on free trade with China
  25. Russia, China Agree to Expand Cooperation in Fight Against Terrorism - Ministry
  26. Chinese PM warns world entering period of political and economic upheaval
  27. Trump seeks early meeting with Xi Jinping
  28. US propaganda effort against China has moved from human rights critique to discrediting their success, such as calling Chinese "thieves" (World Congress of Sociology)
  29. European smog could be 27 times more toxic than air pollution in China
In Domestic news
  1. Tibet set to receive 25 million tourists this year: visitors are expected to generate more than 37 billion yuan ($5.38 billion) in revenue
  2. JD.com sets up world's first low altitude UAV logistics network in northwest China: drones to be used in Shaanxi are to be ten times bigger than those used in the Beijing-based company's first UAV debut last June. Up to 300 kilometres per flight, the drones can be loaded with several tonnes of goods
  3. China’s youth becoming less – not more – nationalistic, says new report
  4. China considers paying couples to have a second child | World news
  5. China holds mass police rally in Xinjiang as hundreds sent to anti-terror 'frontline'
  6. Foreigner serves as village official in Zhejiang
  7. China coal consumption declines for third straight year
  8. Yao Ming elected president of Chinese Basketball Association
  9. 'They're jealous of his hot bod': Handsome world champion swimmer Ning Zetao is kicked out of Chinese national team – but fans say they love him even more. A statement from the Chinese Swimming Federation saying that he had violated team rules by signing sponsorships without consulting them first
  10. China’s world-beating solar farm is almost as big as Macau, Nasa satellite images reveal
  11. China coal use fell again in 2016, solar capacity rose 82%
  12. China accuses rights activist of 'fake news' fabricating torture
  13. Beijing wants to replace its 70,000 taxis with electric vehicles to fight local air pollution
  14. Citizens Hope to Make a Big Difference at China's Top Political Meet-Up
  15. China will complete five nuclear reactors in 2017 and double nuclear power generation to about 420 TWh by 2021
  16. What is CCTV Chinese New Year's Gala?
  17. China to target Taiwan and Hong Kong's young to boost loyalty
  18. Which Countries Are Going In The Right Direction? What Worries the World Report (18,110 people in 25 countries) by Ipsos Public Affairs on whether things are going in the “right direction” or “wrong direction” in their particular country. In China, 90% say going in right direction
  19. China's National People's Congress kicks off this weekend: Here's what to watch
  20. David Beckham has been snapped up by China to help them win the World Cup
  21. Why China staged a fresh display of military might in Xinjiang
  22. China's anti-corruption overhaul paves way for Xi to retain key ally
  23. China to build first underwater platform in South China Sea: the observation platform will probe the undersea physical, chemical, and geological dynamics, and will also be used for other purposes
  24. China's domestic railway system is expected to grow by 30,000 kilometres before 2020 and one-third will consist of high-speed rail, according to the country's Ministry of Transport
  25. Premier Li says China will resolutely oppose Taiwan independence
In SciTech news
  1. Inside the Chinese lab poised to study world's most dangerous pathogens: The move is part of a plan to build between five and seven biosafety level-4 (BSL-4) labs across the Chinese mainland by 2025
  2. China's Sina Weibo (WB) will soon have more users than Twitter (TWTR)
  3. Fermi Finds Dark Matter Clues in Andromeda Galaxy: Messier 31 may help astronomers understand the life cycle of cosmic rays and star formation. “We don’t fully understand the roles cosmic rays play in galaxies, or how they travel through them,” said lead co-author Dr. Xian Hou, Yunnan Observatories
  4. China’s solar megastructure captured on camera from space (PHOTOS)
  5. Huawei Honor V9 launched in China; Dual cameras, Android Nougat and more
  6. China and Italy to cooperate on long-term human spaceflight: Other activities include joint work relating to scientific payloads, data sharing, mutual use of technical facilities and the exchange of personnel
  7. China welcomes more foreign scientists: Nobel Prize winner Yang Zhenning and Turning Award winner Yao Qizhi, gave up their foreign nationalities to become Chinese citizens
  8. Speaking Mandarin may offer kids a musical edge: perceiving musical pitch. Creel's team published its findings Developmental Science. Scientists had previously linked speaking Mandarin and musical ability in adults. The new study is the first to do that in children
  9. Atom-scale oxidation mechanism of nanoparticles helps develop anti-corrosion materials: research group led by Prof. BAO Xinhe from Dalian Institute of Chemical Physics, Chinese Academy of Sciences
  10. Pimax 4K Review - Budget VR
  11. Israel's Top VCs Can't Help But Be In Awe Of China's Tech Progress
  12. Neutrons, simulation analysis of tRNA-nanodiamond combo could transform drug delivery design principles: team including Liang Hong of Shanghai Jiao Tong University in China to observe the motions of hydrogen atoms from the model system
  13. Huawei is considering cell towers that wirelessly charge drones: Cell towers could power the drones that fly above them
In Economic news
  1. Chinese wages exceed Brazil, Argentina and Mexico
  2. China's thriving SUV-only automaker looks to global growth: Great Wall Motors Ltd. sells Havals in Australia, Italy and Russia. Its CEO, Wang Fengying, is the first woman to lead an automaker a decade before GM Chairman and CEO Mary Barra. Wei has a reputation for military-style discipline
  3. Earliest China Data Indicate Economy Remaining Stable This Month - Bloomberg
  4. 'Made in China' isn't so cheap anymore, and that could spell headache for Beijing
  5. Huawei, China's biggest smartphone maker, isn't planning to schmooze with Trump
  6. Chinese 'Taobao villages' are turning poor communities into huge online retail hubs
  7. Lotte's land offer for THAAD may become nightmare for business
  8. The U.S. International Trade Commission said that subsidized bus and truck tires imported from China had not damaged the U.S. industry, and as a result it would not issue anti-dumping and countervailing duty orders on the products
  9. China sees sharp decline in ivory smuggling in 2016
  10. China Manufacturing Activity Has Strong Start to 2017 - WSJ
  11. China economic strength allows shift from stimulus
  12. China is buying less of Hollywood, but more of everything else in the USA
  13. A delivery man just became one of the richest people in China
  14. China is now calling the shots in metals pricing
  15. Private schools go to China to lure $40,000 fee-paying students
  16. PBoC is going digital as mobile payments boom: After assembling a research team in 2014, the People’s Bank of China has done trial runs of its prototype cryptocurrency. Chinese people have embraced online payments for just about everything
  17. China Hard Landing Story Dies Another Day
  18. China Is Preparing Its Own Bitcoin Alternative
  19. Global art sales plummet, China biggest market: Artprice annual report. China chalked up the highest total sales and "established itself clearly as the superpower" of the art world, the report said
  20. China sets 2017 GDP growth target at around 6.5%
In Military news
  1. China's Strategic Support Force to Wage Cyber and Space War vs the US: Xi has ordered the SSF to pursue "leapfrog development" and advance military innovation. SSF is optimized for future warfare in new strategic frontiers such as space, cyberspace and the electromagnetic domain
  2. Mystery deepens over Chinese forces in Afghanistan
  3. Meet China's triple-hulled warship of the future: A trimaran vessel with all-electric propulsion, multiple helicopters, and anti-ship missiles. If compared to the vessel USS Independence subclass of the Littorial Combat Ship, the Chinese frigate is far more heavily armed for conventional warfare
  4. Military analysts suggest ways to disable THAAD
  5. China’s FC-31 Fighter May Be Slated for Carrier Ops: FC-31 has a twin nose gear, and it was recently reported that the third Chinese aircraft carrier would be fitted with three steam catapults
  6. Fake News about Chinese Nuclear Weapons: sole basis of the claim that China announced the existence and deployment of the DF-41 is a commentary. The fabrication and distribution of misinformation about the size, capability and intent of China’s nuclear arsenal is nothing new
  7. Nepal-China military drill to be held in March
  8. Made in China Laser Cannon Built to Destroy UAV Swarms a Big Hit at IDEX 2017: by Poly Technologies, "Silent Hunter" is a fiber-optic laser air defense system. It can track and shoot down aerial targets with the diameter of less than 2 meters that fly at a speed of less than 60 meters per second
  9. China's 2017 military budget rise slows again
  10. There's a new player at Australia's biggest airshow: China
  11. Drones, lasers, and tanks: China shows off its latest weapons. S-20 attack submarines, FC-31 stealth fighter jets, and updates to laser and drone weaponry. CH-5 drone is China's largest UCAV offered for export, 4,400-mile range and 60hr flight time (soon to become 12,000 miles and 120hr of flight)
Other Notables
  1. A Million People Live in These Underground Nuclear Bunkers
  2. China, Taiwan and 228 Massacre anniversary
  3. In China, this is science fiction's golden age
  4. What will it take for China to rein in North Korea?
  5. Chinese national Sanda team training
  6. Trump and the media: How does “fake news” affect politics in a “post-truth” era?
  7. The wedding portraits of two sanitation worker couples from the city of Hangzhou attracted much attention recently on the country's social media
  8. The Martial Arts Show That Is Destroying Asian Stereotypes on Screen
  9. 500 years ago, China destroyed its world-class merchant navy because its political elite was afraid of free trade - A lesson in protectionism
  10. Tobacco lobby holding back smoking ban
  11. Pentagon report on China racism and containment strategies [proves US media is nothing but propaganda]
  12. An Uneasy Codependence
  13. Chinese and American Consumers Have Different Ideas About What Makes a Product Creative
  14. China shift to renewables transforms world's biggest polluter from 'climate bad boy' into 'true leader'
  15. Chinese excavation technology at forefront of Tel Aviv's railway tunnels
  16. Mirror of Time: Chinese Weddings Through the Decades
  17. Meet the Chinese farmer who taught himself law in order to sue a corporation
  18. North and South Korea Give China a Double Headache
  19. China's play for supremacy in Eurasia revives an old geopolitical vision
  20. Matt Damon's 'The Great Wall' to Lose $75 Million; Future U.S.-China Productions in Doubt
  21. India goes nuts ‘competing’ with China
  22. China and Saudi Arabia Solidify Strategic Partnership Amid Looming Risks - Jamestown
  23. Ancient skulls give clues to China human history
  24. Hollywood Has Appetite For China’s Big Bucks, But At What Cost?
  25. Chinese-American Museum Of Chicago Debuts Fashion Exhibit: "The Way We Wore: Celebrating Chinese Fashion Heritage" exhibit features Chinese clothing, jewelry and accessories from the late Qing Dynasty to the late 20th century
  26. Most Chinese Parents Have Misunderstandings over Raising Boys and Girls in Different Ways: following the old Chinese saying 'to raise sons in poor while give daughters a wealthy life'
  27. After ISIS Threat, China May Have to Get off Sidelines in Middle East
  28. China's Love Affair With Basketball
  29. How China Has Taken Over The Worldwide Box Office In 2017
  30. Pictures: Snow scenery of Jinshanling Great Wall
  31. [Discussion] Yeah... I have no doubt now U.S is totally going down we are watching the decline of a nation live.You may think it is a rant but seems pretty clear for me , any opinions?
  32. Universal Wins Bidding War for Michael Bay-Produced Script About Trump-Like Dystopia
  33. chinese football - Here comes a new challenger! (Chinese indie rock)
  34. Chinese actors getting cast in bigger roles in US films: When Matt Damon got stranded on Mars in 'The Martian', NASA called on China for help. And Star Wars' Rogue One - a huge hit - with TWO Chinese stars in major roles
  35. Russia and China are not competing for influence in Central Asia since their priorities in the region coincide, including maintaining political stability, promoting economic development and upholding secular statehood
  36. China's Tortured Beauties: Make Me Look Western
  37. Dr. Nancy Wang Yuen on racism in Hollywood
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NOT A REHASH -- Much more details : Long on Bitcoin: Perseus and Atlas ATS Burnish Digital Currency, Target Market-Makers

Behind Paywall:
Despite recent headline-splashing travails, Bitcoin is steadily gaining reception among the world's largest market-makers and funds like Fort Hill Capital. Atlas, an alternative trading system, and network services provider Perseus are meeting that demand via the ATS's co-locations in New York, Hong Kong, and Singapore.
Perseus’ Digital Currency Initiative (DCI) was recently established to implement standards by which Bitcoin (BTC) should be supplied to the trading community. Already with $2 million revenue a little over a month after official launch, DCI is now officially online with Atlas, an ATS using a matching engine across traditional asset classes that works at a speed of 30 millionths of a second (30µs), and which has been working on Bitcoin since April of last year.
Atlas CEO Shawn Sloves says the partnership has come as buy sides are beginning to respond in earnest to demands—both internal and client-driven—to capture Bitcoin’s value and exploit its existing microstructure, known as “walleting.”
"There are probably 40 or 50 firms that have created Bitcoin funds for themselves or clients already," he tells Buy-Side Technology, pointing out Duxbury, Mass.-based Fort Hill Capital Management as one example where fund managers have invested their own money. "The Bitcoin index's value multiplied 56 times last year, the highest increase of any asset class—ever. They want the alpha, while for the traditional market-maker shops in equities and options, it's harder to make money today because of the regional nature of exchanges and the tremendous arbitrage that implies."
Alec Petro, founder and managing partner at Fort Hill, which owns interests across a family of funds and mutual fund companies managing $4 billion, says it's all part of a learning curve.
"Obviously, when we first entered the Bitcoin market as an investor, trader, then market maker, we understood well the speculative nature of Bitcoin as an asset. It's very hard to be a market participant without a reasonable stake in Bitcoin, and owning and trading BTC across many exchanges. It's risky, but we believe the risk-reward has been and continues to be attractive, and in the long term has the potential to have huge rewards to larger participants as the market evolves."
First Wave
Also among that first wave of Bitcoin pioneers, Sloves says, are prop shops, some of which will even have programmers writing Bitcoin applications in-house. "At the Securities Technology Analysis Center (STAC) Research conference last year in Chicago, we covered BTC and I was shocked to hear Miguel Rivera, CTO at Sun Trading, and guys from Tradebot Systems were already familiar and trading in Bitcoin in one shape or another," he says. "They're really looking at how to get in, how to do more of it, and going that direction really fast."
So, it's a great time to build a venue; details are the issue. As part of the project, Atlas has built an entirely "cold-storage" omnibus account structure, ensuring that only daily settlements are online at a given time, and uses multi-tiered architecture that is resilient to hackers. Accounting for Bitcoin's fractional shares options, covering its 180 different varieties, and designing a global order book that settles in real-time have all proved challenges too, according to Sloves, as Atlas has added the digital currency to its other markets.
"Bitcoin trades much like foreign exchange (FX) or commodities, in that its value is in storage. Trading in Bitcoin US Dollar or Euro acts a lot like FX pairs," he says. "The other piece for Atlas, in supporting traditional options, futures, and FX, is that there will be a real need to leg-in or out of orders, or enabling a Bitcoin-fiat conversion, for example, so we have integration with 20 ECNs and banks, and soon we'll be launching BTC derivative products like options and futures that help with hedging Bitcoin's price."
Achieving Stability
The focus, then, is on two different types of market participants: market-makers accumulating trading positions throughout the day on one hand, and investors like Fortress Investment Group, who were in early consultations with Atlas, on the other.
"With options, market-makers can create a market-neutral position; for example, if they're long on Bitcoin, they can run calls or put positions to hedge that exposure," Sloves says. "Likewise for a firm like Fortress, which will run a program over the course of 24 hours, see where they end up and then leg-in another contract to deal with leftover currency risk. Having those tools available will help Bitcoin's long-term adoption." Fort Hill's Petro—who previously headed up BNP Paribas' global FX derivatives business—says a venue like Atlas can potentially provide more liquidity and transparency in Bitcoin by aggregating multiple exchanges and enabling larger market players to take larger positions quicker with less market turbulence, thus reducing overall BTC volatility. "Hopefully as these markets evolve, and even get regulated, which we are hoping for, this increase in liquidity will reduce volatility—although it has gone down a lot already over the past six months, even though it doesn't seem like it—to a place where new market participants will feel comfortable to enter. We believe there will be a lot of demand for Bitcoin and BTC derivatives and options as the price continues to stabilize. We are in that process now, and we think it will continue as the market sheds its bad actors. With each exit of these bad actors, the market stabilizes more and more. BTC derivatives also allow market participants to hedge positions when they want; this will add more stability to the markets as well."
'Die Hard'
All of that can only happen, though, if underlying IT is made to feel safe. Counterparty identification, for know-your-customer (KYC) and anti-money laundering (AML) requirements, has risen in priority as criminal elements have presented themselves in the Bitcoin conversation. Protecting cold storage has, too.
Original Bitcoin exchanges—including the now-infamous defunct Mt. Gox—were designed with a single "hot wallet" that transfers all Bitcoins to cold storage; the “keys” to the cold storage could be compromised and stolen if the hot wallet were penetrated. Atlas went out of its way to design its architecture such that those keys can be dispersed across more than a thousand separate wallets.
Then there was connectivity, for which Perseus' DCI and 60 Hudson Street datacenter proved an ideal match. Jock Percy, Perseus CEO, points out that Atlas will be run off an entirely private network and a physical connection will be required to tap into the venue—all considerations that regulators have been keen to observe, even if oversight responsibility for the currency remains to be settled.
“We wanted to be really open about how we're doing this, providing not just a sense, but a real look into what we want to provide, and how it's delivered,” Percy says. “It could be done, but to disrupt our operations as built, you would have to pull off a Die-Hard-style heist. The reason why we need to keep dialogue open is that we really want this to succeed. Of course, there are profit opportunities for us in it, but however clichéd it might sound, there's also the chance for this to eventually change the way the world transacts." The Bottom Line Atlas ATS and Perseus have partnered on a full-fledged Bitcoin offering for capital markets trading, including proprietary cold-storage and walleting integration and the eventual integration of derivatives based around the currency.
The partnership is driven by increased demand from both electronic traders and institutional investors looking to derive alpha and benefit from increased liquidity demands not already met by existing Bitcoin exchange venues.
Original Link: http://www.waterstechnology.com/buy-side-technology/analysis/2333353/perseus-and-atlas-ats-burnish-bitcoin-trading-target-buy-side
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Bitcoin Singapore 2013 - The Impact Of Cryptocurrencies On The Economy Crypto CEO dies holding only passwords that can unlock millions in customer coins Interview with owner of Bitcoin ATMs and Bitcoin Mining in Singapore Is Bitcoin the Future of Money? Peter Schiff vs. Erik ... How To Trade Bitcoin Cryptocurrency for Beginners - YouTube

American Bitcoin exchange CEO found dead in her Singapore home after suspected suicide at age 28. Autumn Radtke, 28, was discovered on February 28 The 28-year-old CEO of bitcoin exchange firm First Meta has died of an apparent suicide, as the controversial cybercurrency continues to reel from the collapse of its largest exchange last week.. Autumn Radtke was found dead in her Singapore apartment on Feb. 28, the same day Mt. Gox, the world's largest bitcoin exchange, filed for bankruptcy protection in Japan after losing 750,000 bitcoins ... The chief executive of Bitcoin exchange First Meta Exchange was found dead in her apartment in Singapore last week.. Suicide could be a factor in the death of Autumn Radtke, 28, according to local ... Why are major bankers across the world, and now the CEO of Bitcoin, turning up dead? 28-year old Autumn Radtke, CEO of Bitcoin, supposedly jumped to her death last week. This year, a total of 9 other prominent, international bankers have 'killed themselves' within a matter of only a few weeks. Last year 5 prominent bankers killed themselves, bringing the total to 14. This has never happened ... CEO Of Bitcoin Exchange Dies In Singapore. Share. Mar 6th 2014 6:35AM. SINGAPORE (AP) - The CEO of a virtual currency exchange was found dead in her home in Singapore. A police spokesman said ...

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Bitcoin Singapore 2013 - The Impact Of Cryptocurrencies On The Economy

Death of CEO sends bitcoin exchange into chaos - Duration: 2:50. ... Crypto CEO dies holding only passwords that can unlock millions in customer coins - Duration: 4:43. CTV News 7,590 views. 4:43 ... On July 2, 2018, Reason and The Soho Forum hosted a debate between Erik Voorhees, the CEO of ShapeShift, and Peter Schiff, CEO and chief global strategist of... The Impact Of Cryptocurrencies On The Economy - Bitcoin Singapore 2013 Roger Ver, Hakim Mamoni, Edan Yago, Zennon Kapron, Nhial Majok, Asia NexGen, David Moskowitz Recorded By IamSatoshi http ... Crypto CEO dies holding only passwords that can unlock millions in customer coins ... Death of CEO sends bitcoin exchange into chaos - Duration: 2:50. CBC News 135,826 views. 2:50. Inside the ... In deze aflevering hebben we Marco Faasse te gast, CEO van Ripple Singapore, een Ripple gateway die je in staat stelt makkelijk edelmetaal te verhandelen. Co-hosts zijn vaste economische expert ...

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