Tag Archives: bitclub

Banks Replaced With Blockchain at International Food Program

Banks Replaced With Blockchain at International Food Program

 

 
  • UN organization tests digital wallets built on Ethereum
  • Technology that underlies bitcoin cuts bank transfer costs

International officials are discovering they can sometimes avoid bank fees by replacing currency transfers with the technology at the heart of Bitcoin. The World Food Programme is expanding its blockchain-payments system, said Robert Opp, a director of the United Nations effort that feeds as many as 100 million people across 80 countries. The agency expects to cut millions of dollars in bank transfer fees by switching to distributed ledgers based on Ethereum’s digital-currency network, he said.

“We felt we could replace the services offered by banks with blockchain,” said Opp, who manages innovations that help WFP better spend its annual $6 billion budget. “Blockchain helps promote collaboration by providing enormous amounts of data.” The adoption of the distributed-ledger technology shows how companies that need to make money transfers, register sales or even tally votes are picking and choosing among innovations of the Bitcoin revolution, many times choosing not to use the digital coins associated with them.

Digital registries hosted on a worldwide network of computers

are being tested in many settings for potential to reduce bank wire-transfer costs. Ethereum allows users to issue so-called ether tokens that can be tailored to specific needs. The Ether coin has jumped in value in the last three months.

WFP began developing its blockchain in 2016 and currently is testing the system with 100,000 Syrian refugees who receive food assistance in Jordan. The program in Jordan alone could save $150,000 a month and eliminate 98 percent of bank fees related to transfers, according to Bernhard Kowatsch, the head of a WFP innovation lab in Munich. “We’re putting in place a financial infrastructure,” Opp said. The UN program distributes about $1.4 billion annually of food vouchers and digital entitlements, he said.

Chuck Reynolds

Marketing Dept
Contributor

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The Key To Your B2B Marketing Strategy: Own It..!!

The Key To Your B2B Marketing Strategy: Own It..!!

The fragmentation of media has led to the rise of owned media.

Marketing plans once revolved around paid and earned media, but their influence has waned over the years, offering diminishing returns at higher price points. That’s not to say that earned and paid media can no longer be effective, but it does mean that to get the most out of them, you must have a robust owned strategy.

What does that mean? In short, for B2B companies, nothing is more important than your website, email, videos, webinars, proprietary research reports, expert commentary and other assets that your marketing department fully controls. You can count social media platforms on that list provided that you understand that to have an effective social media campaign there needs to be a supporting paid strategy. Third-party validation remains instrumental in establishing credibility in the marketplace and among prospects, but earned media reaches its potential when owned media is utilized to provide the context necessary to make an impact with your constituency.

It used to be that earned media was wholly effective on its own. If a national publication that reaches your core prospects wrote a feature on your company, for example, it meant that your prospects were likely reading the story. But with the advent of the internet and the 24-hour news cycle, individual stories were less likely to single-handedly drive prospects to your business. Today, stories are archived quickly, which means your prospect either needs to be searching for your business specifically, or they need to be on the website in that small window of time during which your story remains “above the fold.”

That doesn’t mean that a feature article in a national publication no longer has value. It just lacks the direct impact it might’ve had even five years ago. It still boasts cachet, especially if utilized properly — that is, if the article is repurposed as part of your owned media strategy. For example, that article can be featured in your newsletter that is distributed to your email database, which has the potential to have a big impact on a vetted, captive audience. It can be featured on your website, on a company blog or your social media profiles. But for any of that to work properly, you must have a quality email database cultivating prospects and delivering content they respond to. You may need to have an active company blog that you’ve developed into a known quantity in your industry and active social channels with engaged followings.

Owned is potent, but it works best when supported by paid. For instance, having a Facebook presence is important (yes, even for B2B marketers), but Facebook advertising, given what the algorithm gives preference to, is necessary to maximize your owned channel. A Facebook page’s organic reach is about 10% of what it was five years ago, so if you’re not utilizing Facebook advertising, you’re not getting nearly as much value as you should be. You shouldn’t simply throw money at it, but you need to know how to optimize your ads, how to effectively target your ads, and you must understand the value of different types of Facebook ads, such as a carousel ad versus a sponsored post.

Additionally, your website should be the cornerstone of your marketing strategy, but it, too, can and should be bolstered by a paid media strategy. Sure, it needs to have a strategic information architecture that captures the information you need from site visitors, and it needs to be well-designed to snatch your visitors’ attention, but it still needs the support of search engine marketing to optimize your website’s discoverability with the right audience of prospects. Our research, which targeted decision-makers at large and mid-size companies, shows that website and search are the two most influential channels for marketing sales or marketing that takes place when your prospects are at the moment of need. This gives you an idea of how potent these two channels are, particularly when working in concert.

In a world of information and content fractals, investing in your owned channels is chiefly important because that is where you have most control over your message. But the incontrovertible reality of media today is that no single arm — owned, paid or earned — can operate optimally alone. To get the most out of owned media, you’d do well to understand that it does not operate in a vacuum but rather in a media ecosystem that is more intertwined than ever.

Chuck Reynolds


Marketing Dept
Contributor

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Cliff High: “Bitcoin can reach $100.000 in 2018”

Cliff High: “Bitcoin can reach
$100.000 in 2018”

Cliff High’s web bots are predicting bitcoin to reach $64.000

in the first half of 2018 and probably going higher than that to even $100.000. At this point this prediction might sound a little crazy to you… if you think about his last prediction, it isn’t that weird at all! Last year when Bitcoin was around $800 he predicted Bitcoin would hit $13.880 in February 2018 according to the data sets. He still believes that this is going to be true. He said that this would be the price by February 2018, even when he knew it would go higher than that. And it did. It almost hit $20.000.

The $13.800 price is a new base to steady take off again and rise! The $64.000 is the new base to take off to a new ATH in 2018. Before we go past 64, we will get a pull back into the mid 40’s. So the future does look bright for Bitcoin and cryptocurrency in general. Other big coins like Litecoin, Dash, Monero, Ethereum, and so on will keep going up along with Bitcoin.

Chuck Reynolds

Marketing Dept
Contributor

Please click either Link to learn more about Bitcoin.
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Ripple Signs Major Deal with Saudia Arabia’s Central Bank

Ripple Signs Major Deal with Saudia Arabia’s Central Bank

Ripple, the third largest cryptocurrency by market cap, has been on a tear lately, and it has now signed a significant deal with Saudi Arabia’s central bank.

Ripple Rapidly Gaining Traction

Ripple continues to make inroads into the traditional financial sector. It has recently announced a massive deal with the UAE Exchange and a major partnership with Lianlian International. Additionally, Banco Santander is set to roll out Ripple payments in Q1, and just today came the news that Western Union will begin testing XRP transfers.

According to reports, Saudi Arabia’s central bank

has penned a deal with the San Francisco-based cryptocurrency company, which aims to help banks in the oil-rich kingdom settle instantaneous cross-border payments using blockchain software. Specifically, Saudi Arabia will utilize xCurrent, Ripple’s enterprise software solution facilitating such payments with end-to-end tracking. Saudi Arabia’s deal with the cryptocurrency company is the first such blockchain-utilizing pilot program launched by a central bank. Dilip Rao, Ripple’s global head of infrastructure innovation,

says:

Central banks around the world are leaning into blockchain technology in recognition of how it can transform cross-border payments, resulting in lower barriers to trade and commerce for both corporates and consumers.

Saudi Arabia’s partnership with the virtual currency company comes after Gulf regulators have expressed concerns over Bitcoin and the cryptocurrency market’s lack of regulation. Thus, Ripple has, unsurprisingly, proven itself to be an attractive offer.

Unlike Bitcoin and other cryptocurrencies

that are largely founded on the premises of deregulation and decentralization, Ripple has openly marketed itself as a blockchain solution for traditional financial institutions. In turn, the cryptocurrency has long come under criticism for undermining what some consider to be the very foundations of cryptocurrency and blockchain technology.

Drawing further skepticism from investors is the fact that the vast majority of XRP tokens are owned by Ripple’s parent company, thus making it technically capable of regulating the price of said tokens. XRP saw highs around $3.84 on January 4th but has since fallen as low as $0.59. It is currently trading at $1.12. In December, UAE central bank governor Mubarak Rashed al-Mansouri also told Reuters that the central banks of both Saudi Arabia and the United Arab Emirates are working together in hopes of issuing a digital currency that would help facilitate cross-border transactions between the two countries.

Chuck Reynolds

Marketing Dept
Contributor

Please click either Link to learn more about Bitcoin.
Interested or have Questions, Call Me, 559-474-4614

 

Cryptocurrency malware will pop up in ‘most unexpected places’ in 2018, researchers say

Cryptocurrency malware will pop up in ‘most unexpected places’ in 2018, researchers say

One of the more unfortunate trends that shaped up as a result

of the massive blockchain boom last year was the sudden proliferation of crypto-jacking scripts – malware designed to steal your CPU power to surreptitiously mine cryptocurrency. And new research suggests the trend is here to stay in 2018. A study conducted by ad-blocking service AdGuard indicates that so-called crypto-jacking threats will likely continue “to be found in the most unexpected places” over the course of this year. Previous AdGuard research had discovered that there are over 33,000 infected websites on the internet, accumulating a total of one billion visits and over $150,000 in mining rewards.

The study further notes this new epidemic partially has to do with the dwindling effectiveness of ad monetization. “The code of mining scripts was being found on websites, in apps, games, browser extensions, and of course in advertising banners and other elements,” the researchers write. “Ads often get infected with malware or mining scripts by hackers that break into ad networks, so even ads of well-known and reliable advertisers can be dangerous.”

While cryptocurrency mining scripts have often been leveraged with unethical intentions in mind, some legitimate websites appear to be also considering adapting their business models to capitalize on this new trend. Indeed, popular publisher Salon is currently experimenting with this approach.

Unlike Salon though, some other websites – like The Pirate Bay and CBS’s Showtime – were caught secretly running scripts to lend visitors’ computing cycles to mine crypto. It is disappointing to know that crypto-jacking will only spread more over 2018, but the good thing is that there are measures you can take to thwart such attempts before they’ve happened – you can find more about that here. Alternatively, you can just download the latest version of Opera, which comes with built-in protection against crypto-jacking.

Chuck Reynolds

Marketing Dept
Contributor

Please click either Link to learn more about Bitcoin.
Interested or have Questions, Call Me, 559-474-4614

Are you ready for AI-powered marketing?

Are you ready for AI-powered marketing?

High-touch, multichannel engagement is within every brand’s reach,

but it requires putting AI in the driver’s seat. Want to learn what’s truth, what’s fiction — and most importantly, how to even start applying AI powered marketing for notable returns? Don’t miss this VB Live event featuring Rusty Warner, Principal Analyst at Forrester Research. Every day consumers engage with brands digitally, which means customer data has gone from megabytes and gigabytes to terabytes and petabytes. Every click, every like, every search updates a user’s personal information, and with AI, all this knowledge can actually be put to work for you, and used to powerful effect on the customer experience. And that’s more essential than ever.

“We really have begun to be very discerning consumers, because we know that the world is our market,” says Rusty Warner, Principal Analyst at Forrester Research. “And when brands don’t deliver, it’s very easy for us to look for alternatives.” Consumers get greater buying power, but brands need to step up their game to win in those customer moments of need, offering contextually relevant information that solves a problem or meets a desire.

“The ability to do that goes beyond the traditional marketing capabilities,” Warner says. “We’ve all invested a great deal in digital technologies, but they’re really not able to scale to the level of sophistication required to manage personalized offers and communications in this cross-channel world where we are reacting to a customer-initiated interactions more than relying on marketing on a schedule.”

But it’s too easy

for organizations to leap without looking. “Even though I’m a technologist, I recommend that organizations start with a strategy for what they’re trying to accomplish, and how it will deliver business results,” Warner says. “Look at the organization and determine how ready the organization is to get value from the technology investment. And then look for technology that can solve the problem at hand instead of making a technology investment — and then going to look for a problem to solve.”

Above all,

that means going beyond being customer-obsessed, and becoming customer-led instead. “I know all brands will say that they are customer-aware and that they are doing things to serve their customers, but we need to kick that up a notch so that we’re making decisions based on customer behavior — and so our investments are being driven by that customer behavior,” he says. “We have to leverage all of the data that our customers and their interactions are generating, and become insights-driven when we are led by our customers.”

When you get it right, he adds, it will make you more efficient, it will make the organization smarter, it will make you quicker. And as you mature in using the technology, you will begin to optimize the organization and improve your performance. More importantly, you’ll be able to meet those rising customer expectations when it comes to what those customers are looking for.

“So the question for you is, are you ready?” Warner says. “If you’re thinking about AI, are you looking at your strategy? Are you looking at the problem that you are trying to solve and how AI might help? Have you looked at the organization to see if the culture and the processes are ready, and if you’ve got the right blend of skill sets so that the people on your teams can collaborate to get value from AI?”

To find out just how ready you really are, and what it takes to get there, join Forrester, VentureBeat, and Blueshift in this frank discussion on AI, customer data, and cross-channel marketing. You’ll walk away with a solid understanding of what it takes to develop the right processes, people, and game plan.Don’t miss out!

Chuck Reynolds


Marketing Dept
Contributor

Please click either Link to learn more about Marketing.
Interested or have Questions, Call Me, 559-474-4614

Bitcoin Posts Biggest Surge in Weeks

Bitcoin Posts Biggest Surge in Weeks

The Bitcoin Bubble Is Not Going to Pop
There are bright days ahead.
 

Cryptocurrencies are recording their biggest gains in weeks

after the president of the European Central Bank shrugged off talk of a ban. Bitcoin was up more than 7% in early trading Wednesday, gaining over $400 and adding $7.7 billion in market capitalization. In the past week, Bitcoin’s value has bounced back from recent turbulence, adding over $1,100 in value and over $19 billion in market cap.

While European banking officials warned consumers about the highly volatile nature of Bitcoin, Ethereum, Ripple and other cryptocurrencies, Mario Draghi, president of the European Central Bank, said in a video response to user submitted questions that no ban or regulation was forthcoming. ‘Many of you posted questions about whether the ECB is going to ban Bitcoins or it’s going to regulate Bitcoins,” he said. ‘I have to say it’s not the ECB’s responsibility to do that.’ Traders had worried that officials would impose regulations on the currency after the head of the head of the World Bank compared cryptocurrencies to “Ponzi schemes” last week.

Bitcoin and other digital currencies aren’t out of the woods yet, though. While the ECB isn’t planning any new rules, French Finance Minister Bruno Le Maire said in December he will ask his counterparts in the Group of 20 nations to consider joint regulation of bitcoin. That group is scheduled to meet in March. Bitcoin recorded the biggest gains on the news, but all major cryptocurrencies saw their value increase. Ethereum was up 5.8% just before 9am ET, Ripple eked out a 4% gain. The biggest winner of the morning, though, was Litecoin, which soared 38%. As of 9:00am ET, Bitcoin was trading for $9,288

Chuck Reynolds

Marketing Dept
Contributor

Please click either Link to learn more about Bitcoin.
Interested or have Questions, Call Me, 559-474-4614

Bitcoin Sees Bull Reversal Ahead of Chinese New Year

Bitcoin Sees Bull Reversal Ahead of Chinese New Year

Bitcoin looks set to test the $10,000 mark soon,

as per technical analysis, although some investors fear the Lunar New Year may play spoilsport. Ahead of New Year holidays (starting Feb. 15), Chinese and South Koreans often exchange bitcoin for fiat currencies (to fund increased spending), and bitcoin (BTC) tends to drop in the run-up to the event. Boosting such fears this year is bitcoin's (BTC) recent inability to move above $9,000 in a convincing manner. Since Feb. 10, the cryptocurrency has been restricted to a narrow range of $8,000 to $9,000, shows CoinDesk's Bitcoin Price Index (BPI). Still, historical data indicates the probability of bitcoin reporting gains this month is high.

  • January was a good month for bitcoin during the three year period of 2012–2014, while the performance was mixed in February.
  • However, since 2015 a clear pattern has been established: BTC drops in January and gains value in February.
  • The 26 percent decline seen in January this year is the second biggest monthly drop since 2015. Going by the pattern seen in the last three years, the cryptocurrency could see gains this month.

Looking at the technical charts, bitcoin has seen a major bullish reversal pattern today. As of writing, the BPI is seen at around $8,800, and has appreciated by 3.76 percent in the last 24 hours, according to data source CoinMarketCap.

4-hour chart

The above chart (prices as per Bitstamp) shows:

  • Inverse head and shoulders breakout – a bullish reversal pattern, indicating a bearish-to-bullish trend change.
  • The previous 4-hour candle closed above the neckline, confirming an upside breakout. As per the measured height method, the breakout has opened the doors for a rally to at least $11,000.

View

  • Historical data show February has been a good month for bitcoin.
  • The short-term technical outlook is bullish, with BTC having potential to rise to $11,000.
  • However, as discussed earlier this week, gains above the $10,000 mark could be transient.
  • Bearish scenario: Failure to capitalize on the inverse head and shoulders breakout followed by a daily close (as per UTC) below $7,625 (Feb. 2 low) could yield a deeper sell-off to $6,000–$5,900.

Chuck Reynolds

Marketing Dept
Contributor

Please click either Link to learn more about Bitcoin.
Interested or have Questions, Call Me, 559-474-4614

Doctors In Maine Say Halt In OxyContin Marketing Comes ’20 Years Late’

Doctors In Maine Say Halt In OxyContin Marketing Comes '20 Years Late'

Bottles of Purdue Pharma L.P. OxyContin medication

sit on a pharmacy shelf in Provo, Utah, in 2016.George Frey/Bloomberg via Getty Images.The maker of OxyContin, one of the most prescribed and aggressively marketed opioid painkillers, will no longer tout the drug or any other opioids to doctors.The announcement, made Saturday, came as drugmaker Purdue Pharma faces lawsuits for deceptive marketing brought by cities and counties across the U.S., including several in Maine. The company said it's cutting its U.S. sales force by more than half.

Just how important are these steps against the backdrop of a raging opioid epidemic that took the lives of more than 300 Maine residents in 2016, and accounted for more than 42,000 deaths nationwide?

"They're 20 years late to the game," says Dr. Noah Nesin, a family physician and vice president of medical affairs at Penobscot Community Health Care. Nesin says even after Purdue Pharma paid $600 million in fines about a decade ago for misleading doctors and regulators about the risks opioids posed for addiction and abuse, it continued marketing them. "I think it's similar to the tobacco industry learning they could sell tobacco without spending a lot of money on advertising. My guess is this decision is in their self-interest," he says.

A nationwide lawsuit against Purdue Pharma for deceptive marketing continues to grow. Seven cities in Maine have joined, including Portland, Lewiston and Bangor, along with five counties, to recoup some of the costs of addressing the addiction crisis. A spokesman for Purdue Pharma said in an email that the decision to stop marketing to prescribers is voluntary and independent of any litigation. Nesin says that at the very least, the company's decision to refrain from promoting opioids to doctors reinforces the need for caution when prescribing the drugs.

Maine Medical Association President Dr. Robert Schlager agrees that Purdue Phama's move is a good, if small, step to fight the opioid epidemic. "I wouldn't expect it to have a very large role in limiting opioids further," he says. "Because most of us, as prescribers, do limit our information exchange with the drug representatives who have been marketing opioids."

The Future Of Blockchain And Cryptocurrency

The Future Of Blockchain And Cryptocurrency


The Richest People In Crytpocurrency.

Sure, the wild swings in the price of Bitcoin and other cryptocurrencies dominate the daily news. But beneath the headlines, the nine blockchain startups on the Forbes Fintech 50 list for 2018 are building infrastructure—to support both public cryptocurrency markets and initiatives that could transform how current financial transactions are executed and recorded. Five of the nine are first-timers on the list. Newcomer Chainalysis, with just $1.6 million in capital invested, already counts the IRS, FBI and Europol as users of its tools, which allow specific crypto transactions to be traced.  Meanwhile, first-time list member Symbiont is working with both incorporation capital Delaware and mutual fund behemoth Vanguard, on blockchain initiatives.  Notably, founders of three of our picks—The Bitfury Group, Coinbase and Ripple—also earned spots on Forbes' new list of The Richest People In Crytpocurrency.

The Bitfury Group,
Amsterdam Produces both hardware and software for Bitcoin mining and security, as well as a wide range of software to support blockchains in government, supply chains and insurance.

Bona fides:
Working with the Georgian government to put land titles on the blockchain

Cofounder & CEO:
Latvian educated computer scientist Valery Vavilov, 38, on Forbes' list of the Richest People in Cryptocurrency

Funding:
$90 million from Credit China FinTech Holdings, DRW Venture Capital, iTech Capital, Georgian Co-Investment Fund, Blockchain Capital, Binary Financial and Bill Tai

Threat to:
Traditional government technology suppliers

Blockchain,
World’s most popular cryptocurrency wallet, enabling its users to manage their own private keys for Bitcoin, Bitcoin Cash and Ether. Expansion to U.S. now allows crypto trading in 22 states, including California.

Bona fides:
More than 23 million Blockchain wallets created

Cofounders:
CEO Peter Smith, Nicolas Cary and Ben Reeves

Funding:
$70 million from Lakestar, Richard Branson, Alphabet’s GV, Lightspeed Venture Partners and others

Threat to:
Coinbase and Xapo

Chain,
San Francisco, Offers blockchain technology for financial institutions, as well as ledger balance software for fintech and ecommerce companies

Bona fides:
Building blockchain initiatives with Nasdaq and Citigroup

Founders:
CEO Adam Ludwin, 36; CPO Devon Gundry, 36; and CTO Ryan Smith, 31

Funding:
$43.7 million from RRE Ventures, Khosla Ventures, Citi Ventures, Nasdaq, Visa, Fiserv, Orange Digital Ventures, Digital Currency Group, Blockchain Capital, Pantera Capital, 500 Startups, Thrive Capital and others

Threat to:
Inefficient legacy record keeping in finance

Chainalysis,
New York City, Its tools allow institutions and law enforcement to trace specific transactions on the blockchain.

Bona fides:
Customers include the Internal Revenue Service, Federal Bureau of Investigations, Drug Enforcement Administration and Europol

Founders:
CEO Michael Gronager, 47; CTO Jan Moller, 46; CRO Jonathan Levin, 27

Funding:
$1.6 million from Point Nine Capital, Digital Currency Group, FundersClub, Techstars, Converge Venture Partners

Threat to:
Criminals using cryptocurrency

Coinbase,
San Francisco, Easiest, most user-friendly onramp to the cryptocurrency world, offering digital currency wallets with more than 10 million users; trading in Bitcoin, Bitcoin Cash, Ethereum and Litecoin on GDAX exchange; and merchant tools.

Bona fides:
Reportedly passed $1 billion in revenue in 2017

Cofounder & CEO:
Brian Armstrong, 35, on Forbes list of the Richest People In Cryptocurrency

Funding:
$217 million from IVP, Greylock Partners, Draper Associates, Andreessen Horowitz, the New York Stock Exchange, Draper Fisher Jurvetson and others Latest official valuation: $1.6 billion, but surely more

Threat to:
Other crypto exchanges, fiat currencies

Ripple,
San Francisco Employs blockchain technology for cross-border payments. Transactions can be done with the XRP token, which has had a wild speculative ride, but isn’t necessary to use the Ripple network. (No banks have fully committed to using XRP.)

Bona fides:
Has 100 plus banking customers including Santander, UBS and American Express,

Cofounder and executive chairman:
Chris Larsen, 57, cofounder of Prosper and Eloan and the richest person in cryptocurrency

Funding:
$93.6 million from SBI Investment, Santander InnoVentures, Seagate Technology, CME Ventures, Standard Chartered Bank, Andreessen Horowitz, Lightspeed Venture Partners, Digital Currency Group, Blockchain Capital, Accenture and others

Threat to:
Correspondent banks and the SWIFT payment-settlement system

Shapeshift,
Zug, Switzerland Exchange allows users to trades between 70 cryptocurrencies, without establishing an account or wallet. To maximize privacy, it does not link to bank accounts or take fiat currencies, though it says a fifth of customers are from U.S. Charges no fees and makes money on the spread.

Bona fides:
In an unusual proof of concept, when Shapeshift was hacked by a malicious employee, no crypto was lost, since it does not hold customer funds.

Founder:
Erik Voorhees, 33, an American and early Bitcoin advocate who also founded Satoshi Dice.

Funding:
$12.2 million from Earlybird Venture Capital, Digital Currency Group, Lakestar, Access Venture Partners, Pantera Capital, Blockchain Capital, FundersClub

Threat to:
More traditional crypto-exchanges

Symbiont,
New York City Provides blockchain technology platform to the capital markets.

Bona fides:
Working with incorporation capital Delaware on initiative that will enable distributed ledgers (i.e. blockchains) to be used to track share issuance and ownership. Teaming with Vanguard Group on effort to use blockchain to share index data.

Cofounders:
CEO Mark Smith, 48, CTO Adam Krellenstein, 29 and Evan Wagner, 27

Funding:
$15.4 million from Celeridem Capital Management, Medici Ventures, Fenbushi Capital, SenaHill Partners and others

Threat to:
Broadridge and custody banks like BNY Mellon and State Street

Xapo,
Palo Alto, CA Provides secure offline storage for investors and family offices who want to hold Bitcoin as a form of digital gold (as opposed to actively trading it). Also offers Bitcoin wallets for consumers, mainly in developing world.

Bona fides:
Secures Bitcoin underlying the Bitcoin Investment Trust

Cofounder & CEO:
Wences Casares, 43, who founded the first online brokerage firm in Latin America

Funding:
$41 million from Benchmark, Greylock Partners, Ribbit Capital, Index Ventures, Fortress, Emergence Capital Partners and others

Threat to:
Other crypto storage solutions.

Chuck Reynolds

Marketing Dept
Contributor

Please click either Link to learn more about Bitcoin.
Interested or have Questions, Call Me, 559-474-4614