Blockchain
Amazing Blocks attended the European Blockchain Convention
v
One month after the official foundation, Amazing Blocks attended the renowned European Blockchain Convention. At one of the most influential conferences in blockchain, panel discussions regarding the hottest topics in the blockchain were attended and informative insights gained. Further, the range of diverse attendees from traditional sectors and the blockchain space provided perfect conditions to network. This was supported by the smooth AI-powered networking software Brella. Consequently, it was possible to obtain a clear picture of the current state of the market. – Author: Nicolas Weber
Amazing Blocks at the EBC
“As a creator of art, I believe that legally compliant tokenization can finally enable artists to be in full control over their product. The token management software by Amazing Blocks provides unique tools for digital legal entities that could be for instance one of my animation movies.” Quotes like this by Toonxr founder Özgül Gurbuz followed us throughout the whole conference. Legally compliant tokenization can finally enable artists to be in full control over their work without having to adhere to costly intermediaries. It made us proud to see interest and potential use cases emerging from all the different spheres of business, not solely the world of blockchain. At the convention, Amazing Blocks met with entrepreneurs from a heterogenous spectrum of countries and sectors, and various synergies were found. They stemmed from meetings with for instance asset custodians, established financial institutions, blockchain startups, and Entrepreneurs from various traditional industries such as real estate, consulting, and energy.
However, the most surprising potential synergies were discovered when talking to Pretty Kubyane. She is the founder and COO of Coronet Blockchain – a startup from South Africa which runs on IBM’s blockchain solution. Coronet securely tracks human hair pieces from source to customer, a market that racks up more than 100 million human hair extensions sold every year. Even here diversely applicable tokenization finds its use case. She issued the following quote for this article: “The European Blockchain Convention was a great blessing as a platform that provided global best practice insights, within an ecosystem of like-minded blockchain enthusiasts, experts, thought leaders and trailblazers in their own right, seeking to co-create the new reality, a world leveraging blockchain capabilities, together.”
Diverse attendance meets AI
The conference was attended by over 1500 pioneers and more than 100 world-class speakers provided in-depth knowledge. an exceptional lineup of blockchain industry leaders from companies and associations such as Dash, Cointelegraph, Crypto Valley, Libra, and many more. On par with the household names of the blockchain space are the leaders from other sectors that attended: American Express, the European Union, Commerzbank, Santander, Carrefour, IKEA, and many more. Therefore, the EBC perfectly merged politicians, industry leaders with tech entrepreneurs and enthusiasts to build a platform aimed to foster mainstream adoption for blockchain. A few speakers are illustrated in Figure 1 below. Ultimately, real-world use cases are rapidly approaching due to increased interest from the traditional sectors. Many who attended last year’s conference backed this statement and mentioned that now even a more diverse spectrum of attendees had been experienced.
The whole event was conducted virtually through AI-powered networking software Brella. The software enabled interest-based matches leading to much greater efficiency in terms of planning to find counterparts for synergy building. Furthermore, it was easy to schedule and arrange meetings through the request and chat functions integrated into Brella, while meetings could be directly accessed through the platform. Live-streamed panels lasted from the 21st till the 23rd of September and networking was open from the 20th till the 24th of September. And if you were not able to attend panels? No issue at all as all since they were all recorded and subsequently free to watch. Therefore perfect conditions for connecting had presented themselves, as networking possibilities were boosted by the extended time frame and flexibility to absorb panels.
The perks of a virtual conference
When a whole event is structured virtually a much better scalable networking emerges. Generally, this substantial conference aspect was far more dynamic throughout the course of the EBC. The mixture of live-streamed and recorded panels established the ideal preconditions for having the most informative experience possible. Also, high-quality networking in terms of similar interests with an individually planned schedule was enabled. The long networking times from 8 am to 10:40 pm CEST transformed time differences into obsolete issues. Seamlessly, live appointments could be scheduled back to back in 20-minute time-slots. Jet lags could be jettisoned, due to increased flexibility in picking a suitable time.
Additionally, another major benefit is cost-saving caused by lower ticket prices and avoided travel. Moreover, it was perfectly plannable how much time to invest into the convention. Flexibility and convenience thrived through the option to attend from home or any other remote location. Another crucial perk was the fact that the virtual structure positively affected the environment. The sustainability is caused by zero travel emissions and material waste produced from the conference directly. Pain points like capacity constraints could be deemed obsolete while conversely inclusivity through one on one meetings was guaranteed.
Amazing Blocks – a unique business model ready for mainstream adoption
The unique solution of Amazing Blocks ushers a new chapter of legally compliant tokenization of digital legal entities. Liechtenstein’s membership in the EEA (European Economic Area) jettisons any potential restrictions. Aspects like bankless incorporation allow a remotely managed SPV (Special Purpose Vehicle) in Liechtenstein. At Amazing Blocks, tokenization was even applied to our own shares and consequently, we are the first in the world to issue equity tokens in line with the Liechtenstein Token Act. Additionally, we were founded with ETH as an initial contribution (rather than cash), which can be verified here. Anything from participation certificates to equity or debt tokens can be tokenized with various use cases like company shares or assets such as machines, patents, diamonds, real estate, art, or even private assets.
The unique software Tokenpad supports an entire company life cycle of the legal entity in terms of administration. Within its layer, diverse features like a digital share register and easy onboarding of new investors are positioned. Hence, fundraising-on-the-go disrupts the way to receive funds and administer the entire process and subsequently mint and issue security tokens. With the solution Amazing Blocks provides, costly intermediaries, become obsolete and time is significantly saved. The concept works from anywhere in the world, thus broader access to investors is granted. The token functions as a container for the tokenized rights. Amazing Blocks can provide a blueprint to reduce the establishment of the entity in Liechtenstein from up to 4 months to around 3 weeks. Paired with this, the software solution is a unique tool, and in this form not available anywhere else in the world.
Future outlook and conclusion
Multiple connections were made to grow our ecosystem and stakeholder base which will flourish growth. This was a great opportunity to introduce Amazing Blocks to the blockchain market while exploring synergies. The EBC further established itself as one of the most influential and important blockchain conventions in Europe, where the convention itself and participants can dually grow their ecosystem. Amazing Blocks looks forward to attending the next conference from the great host’s Victoria Gago and Daniel Salmeron. At Amazing Blocks, community building and connecting in the industry are considered as crucial to really provide the best possible solution to our clients. Consequently, the conference provided the perfect opportunity to start this on a large scale.
Do you like this article? We would be happy if you share it on social networks or forward it to your colleagues. If you are an expert in the field and want to criticize or endorse the article or some of its parts, feel free to leave a private note here or contextually and we will respond or address.
Amazing Blocks offers a software-as-a-service that enables its clients to tokenize shares of a Liechtenstein legal entity. Legal entities can then be founded based on equity tokens and administered with less effort, in a digital way and remotely from anywhere. The best use cases are legal entities for blockchain startups and as a legal wrapper (special purpose vehicle, SPV) for any tokenized asset (e.g. machines, cash flow generating contracts, trademarks, real estate, classic cars). Our goal is to standardize legal entities which then dramatically reduces the cost and time needed to tokenize assets and rights. Digital legal entities are easy to administer (e.g. ownership transfer of equity in a few minutes) as they rely on tokenized shares in line with the Liechtenstein Token Act. Here, our software helps guarantee a high degree of automation and standardization. In a similar way, fundraising and ESOP for your legal entity can be done anytime: A few clicks in our software and the shares for the new investors or employees are generated and transferred – in line with the legal entity’s articles of association.
Interested? Then, contact us!
Are you interested in what Amazing Blocks are doing? Visit our website, write an email to hi@amazing-blocks.io, or follow us on LinkedIn or Twitter. Or provide your email address here and we will immediately send you more information.
Source: Nicolas Weber works in the department of Business Development Europe at Amazing Blocks and is your direct contact for any regards. You can contact him via email or connect with him on LinkedIn.
Many in the cryptocurrency field have recently discussed the upcoming January 15th date as an important consideration for the ongoing case between the office of the New York Attorney General (NYAG) and iFinex, the parent company of Bitfinex and Tether.
With this in mind, below is a comprehensive summary of what happened and what to expect on this date.
The NYAG v. iFinex Case: What Happened?
Back in April 2019, the office of the New York Attorney General alleged that the popular cryptocurrency exchange Bitfinex lost $850 million and then used funds from its affiliated stablecoin operator Tether (the company that issues USDT) to cover the shortfall.
As CryptoPotato reported, later on, Tether issued a statement through a blog post which said that the allegations were written in “bad faith” and were also “riddled with false assertions.”
In May 2019, Judge Joel Cohen granted a partial stay on the NYAG office’s request for documents from the two companies until their hearing takes place on July 29th. During that hearing, the judge on the case, Joel Cohen, decided to extend the preliminary injunction as he was not ready to make a final decision on whether the case should go forward or be dismissed. Hence, he extended that injunction by 90 days.
In August, however, the NYAG presented new evidence on the case, alleging that apart from covering up the $850 million, Bitfinex and Tether had served New York customers for longer than they claimed. In part, the document stated:
The OAG has uncovered substantial ties between Respondents and New York concerning Respondents’ corporate operations; trading on the Bitfinex platform; the issuance, redemption, and trading of tethers; use of financial institutions to move money and process customer deposits and withdrawals; and representations to the market that might have been misleading.
Essentially, the NYAG also attacked Bitfinex’s LEO initial exchange offering, claiming that it “has every indicia of a securities issuance subject to the Martin Act, and there is reason to believe that the issuance is related to the matters under investigation,” meaning the alleged cover-up.
Additionally, the NYAG called iFinex’s motion to dismiss “an improper attempt to impede a lawful investigation.”
The Order to Turn in Documents
In September 2020, Judge Cohen ruled that Bitfinex and Tether must turn over documents detailing their financial relationship and history to the NYAG’s office. In addition to that, he also extended an injunction that barred Tether from loaning funds to Bitfinex by 90 more days.
However, on December 9th, 2020, Letitia James, the Attorney General, filed a document, asking Justice Cohen to extend the deadline to January 15th, 2021. James said that “the parties continue to cooperate on the production of documents in response to the 354 Order, and anticipate that the production could be finalized in the coming weeks.”
Why the January 15th Deadline is Important?
With this, we arrive at the time of this writing and the importance of the January 15th deadline. There are a few reasons for which this is a critical point in this case. First, it requires that iFinex produces the necessary information for the NYAG to continue its investigation and to further substantiate the merits of its claims.
And perhaps what’s even more important, however, is the nature of the documentation. In essence, iFinex has to produce materials on the process by which they determine whether, when, and how to issue and redeem tethers, banks, documents, and communications regarding specific issuances and redemptions, as well as trading activity on the Bitfinex trading platform regarding tethers and bitcoin.
This is a landmark case for the entire cryptocurrency space as USDT is the most popular and biggest stablecoin on the market. The company issuing it has been involved in many scandals in the past, with many questioning the fact that it’s actually backed by USD.
PrimeXBT Special Offer: Use this link to register & enter CRYPTOPOTATO35 code to get 35% free bonus on any deposit up to 1 BTC.
Many in the cryptocurrency field have recently discussed the upcoming January 15th date as an important consideration for the ongoing case between the office of the New York Attorney General (NYAG) and iFinex, the parent company of Bitfinex and Tether.
With this in mind, below is a comprehensive summary of what happened and what to expect on this date.
The NYAG v. iFinex Case: What Happened?
Back in April 2019, the office of the New York Attorney General alleged that the popular cryptocurrency exchange Bitfinex lost $850 million and then used funds from its affiliated stablecoin operator Tether (the company that issues USDT) to cover the shortfall.
As CryptoPotato reported, later on, Tether issued a statement through a blog post which said that the allegations were written in “bad faith” and were also “riddled with false assertions.”
In May 2019, Judge Joel Cohen granted a partial stay on the NYAG office’s request for documents from the two companies until their hearing takes place on July 29th. During that hearing, the judge on the case, Joel Cohen, decided to extend the preliminary injunction as he was not ready to make a final decision on whether the case should go forward or be dismissed. Hence, he extended that injunction by 90 days.
In August, however, the NYAG presented new evidence on the case, alleging that apart from covering up the $850 million, Bitfinex and Tether had served New York customers for longer than they claimed. In part, the document stated:
The OAG has uncovered substantial ties between Respondents and New York concerning Respondents’ corporate operations; trading on the Bitfinex platform; the issuance, redemption, and trading of tethers; use of financial institutions to move money and process customer deposits and withdrawals; and representations to the market that might have been misleading.
Essentially, the NYAG also attacked Bitfinex’s LEO initial exchange offering, claiming that it “has every indicia of a securities issuance subject to the Martin Act, and there is reason to believe that the issuance is related to the matters under investigation,” meaning the alleged cover-up.
Additionally, the NYAG called iFinex’s motion to dismiss “an improper attempt to impede a lawful investigation.”
The Order to Turn in Documents
In September 2020, Judge Cohen ruled that Bitfinex and Tether must turn over documents detailing their financial relationship and history to the NYAG’s office. In addition to that, he also extended an injunction that barred Tether from loaning funds to Bitfinex by 90 more days.
However, on December 9th, 2020, Letitia James, the Attorney General, filed a document, asking Justice Cohen to extend the deadline to January 15th, 2021. James said that “the parties continue to cooperate on the production of documents in response to the 354 Order, and anticipate that the production could be finalized in the coming weeks.”
Why the January 15th Deadline is Important?
With this, we arrive at the time of this writing and the importance of the January 15th deadline. There are a few reasons for which this is a critical point in this case. First, it requires that iFinex produces the necessary information for the NYAG to continue its investigation and to further substantiate the merits of its claims.
And perhaps what’s even more important, however, is the nature of the documentation. In essence, iFinex has to produce materials on the process by which they determine whether, when, and how to issue and redeem tethers, banks, documents, and communications regarding specific issuances and redemptions, as well as trading activity on the Bitfinex trading platform regarding tethers and bitcoin.
This is a landmark case for the entire cryptocurrency space as USDT is the most popular and biggest stablecoin on the market. The company issuing it has been involved in many scandals in the past, with many questioning the fact that it’s actually backed by USD.
PrimeXBT Special Offer: Use this link to register & enter CRYPTOPOTATO35 code to get 35% free bonus on any deposit up to 1 BTC.
Many in the cryptocurrency field have recently discussed the upcoming January 15th date as an important consideration for the ongoing case between the office of the New York Attorney General (NYAG) and iFinex, the parent company of Bitfinex and Tether.
With this in mind, below is a comprehensive summary of what happened and what to expect on this date.
The NYAG v. iFinex Case: What Happened?
Back in April 2019, the office of the New York Attorney General alleged that the popular cryptocurrency exchange Bitfinex lost $850 million and then used funds from its affiliated stablecoin operator Tether (the company that issues USDT) to cover the shortfall.
As CryptoPotato reported, later on, Tether issued a statement through a blog post which said that the allegations were written in “bad faith” and were also “riddled with false assertions.”
In May 2019, Judge Joel Cohen granted a partial stay on the NYAG office’s request for documents from the two companies until their hearing takes place on July 29th. During that hearing, the judge on the case, Joel Cohen, decided to extend the preliminary injunction as he was not ready to make a final decision on whether the case should go forward or be dismissed. Hence, he extended that injunction by 90 days.
In August, however, the NYAG presented new evidence on the case, alleging that apart from covering up the $850 million, Bitfinex and Tether had served New York customers for longer than they claimed. In part, the document stated:
The OAG has uncovered substantial ties between Respondents and New York concerning Respondents’ corporate operations; trading on the Bitfinex platform; the issuance, redemption, and trading of tethers; use of financial institutions to move money and process customer deposits and withdrawals; and representations to the market that might have been misleading.
Essentially, the NYAG also attacked Bitfinex’s LEO initial exchange offering, claiming that it “has every indicia of a securities issuance subject to the Martin Act, and there is reason to believe that the issuance is related to the matters under investigation,” meaning the alleged cover-up.
Additionally, the NYAG called iFinex’s motion to dismiss “an improper attempt to impede a lawful investigation.”
The Order to Turn in Documents
In September 2020, Judge Cohen ruled that Bitfinex and Tether must turn over documents detailing their financial relationship and history to the NYAG’s office. In addition to that, he also extended an injunction that barred Tether from loaning funds to Bitfinex by 90 more days.
However, on December 9th, 2020, Letitia James, the Attorney General, filed a document, asking Justice Cohen to extend the deadline to January 15th, 2021. James said that “the parties continue to cooperate on the production of documents in response to the 354 Order, and anticipate that the production could be finalized in the coming weeks.”
Why the January 15th Deadline is Important?
With this, we arrive at the time of this writing and the importance of the January 15th deadline. There are a few reasons for which this is a critical point in this case. First, it requires that iFinex produces the necessary information for the NYAG to continue its investigation and to further substantiate the merits of its claims.
And perhaps what’s even more important, however, is the nature of the documentation. In essence, iFinex has to produce materials on the process by which they determine whether, when, and how to issue and redeem tethers, banks, documents, and communications regarding specific issuances and redemptions, as well as trading activity on the Bitfinex trading platform regarding tethers and bitcoin.
This is a landmark case for the entire cryptocurrency space as USDT is the most popular and biggest stablecoin on the market. The company issuing it has been involved in many scandals in the past, with many questioning the fact that it’s actually backed by USD.
PrimeXBT Special Offer: Use this link to register & enter CRYPTOPOTATO35 code to get 35% free bonus on any deposit up to 1 BTC.
Source: https://coingenius.news/fincen-extends-comment-window-on-proposed-crypto-regulations-20/
Blockchain
Bulgarian Crypto Exchange Owner Sentenced To 10 Years in Prison for Laundering $5 Million
Many in the cryptocurrency field have recently discussed the upcoming January 15th date as an important consideration for the ongoing case between the office of the New York Attorney General (NYAG) and iFinex, the parent company of Bitfinex and Tether.
With this in mind, below is a comprehensive summary of what happened and what to expect on this date.
The NYAG v. iFinex Case: What Happened?
Back in April 2019, the office of the New York Attorney General alleged that the popular cryptocurrency exchange Bitfinex lost $850 million and then used funds from its affiliated stablecoin operator Tether (the company that issues USDT) to cover the shortfall.
As CryptoPotato reported, later on, Tether issued a statement through a blog post which said that the allegations were written in “bad faith” and were also “riddled with false assertions.”
In May 2019, Judge Joel Cohen granted a partial stay on the NYAG office’s request for documents from the two companies until their hearing takes place on July 29th. During that hearing, the judge on the case, Joel Cohen, decided to extend the preliminary injunction as he was not ready to make a final decision on whether the case should go forward or be dismissed. Hence, he extended that injunction by 90 days.
In August, however, the NYAG presented new evidence on the case, alleging that apart from covering up the $850 million, Bitfinex and Tether had served New York customers for longer than they claimed. In part, the document stated:
The OAG has uncovered substantial ties between Respondents and New York concerning Respondents’ corporate operations; trading on the Bitfinex platform; the issuance, redemption, and trading of tethers; use of financial institutions to move money and process customer deposits and withdrawals; and representations to the market that might have been misleading.
Essentially, the NYAG also attacked Bitfinex’s LEO initial exchange offering, claiming that it “has every indicia of a securities issuance subject to the Martin Act, and there is reason to believe that the issuance is related to the matters under investigation,” meaning the alleged cover-up.
Additionally, the NYAG called iFinex’s motion to dismiss “an improper attempt to impede a lawful investigation.”
The Order to Turn in Documents
In September 2020, Judge Cohen ruled that Bitfinex and Tether must turn over documents detailing their financial relationship and history to the NYAG’s office. In addition to that, he also extended an injunction that barred Tether from loaning funds to Bitfinex by 90 more days.
However, on December 9th, 2020, Letitia James, the Attorney General, filed a document, asking Justice Cohen to extend the deadline to January 15th, 2021. James said that “the parties continue to cooperate on the production of documents in response to the 354 Order, and anticipate that the production could be finalized in the coming weeks.”
Why the January 15th Deadline is Important?
With this, we arrive at the time of this writing and the importance of the January 15th deadline. There are a few reasons for which this is a critical point in this case. First, it requires that iFinex produces the necessary information for the NYAG to continue its investigation and to further substantiate the merits of its claims.
And perhaps what’s even more important, however, is the nature of the documentation. In essence, iFinex has to produce materials on the process by which they determine whether, when, and how to issue and redeem tethers, banks, documents, and communications regarding specific issuances and redemptions, as well as trading activity on the Bitfinex trading platform regarding tethers and bitcoin.
This is a landmark case for the entire cryptocurrency space as USDT is the most popular and biggest stablecoin on the market. The company issuing it has been involved in many scandals in the past, with many questioning the fact that it’s actually backed by USD.
PrimeXBT Special Offer: Use this link to register & enter CRYPTOPOTATO35 code to get 35% free bonus on any deposit up to 1 BTC.
…
…
…
…
…
Apple will produce Ridley Scott’s upcoming Napoleon biopic
New Launched CBD Oil: MF Doom CBD Oil, Rejuv Boost CBD Oil, Humboldt CBD Oil User List
Dogness (International) Corporation Announces Entry into Agreement for Registered Direct Placement of $7.4 Million Common Shares and Warrants
Outlook on the PSRAM Global Market to 2025 – Featuring Fujitsu, Integrated Silicon Solutions and Micron Technology Among Others
S&P Global Ratings Drives Digital-First Access to Debt Markets with Ratings360®
5W Public Relations Welcomes St. Moriz, UK’s Leading Self-Tanning Brand, to Roster of Beauty Clients
Apple said to be planning new 14- and 16-inch MacBook Pros with MagSafe and Apple processors
Want a job in tech? Flockjay pitches its sales training service as an on-ramp to tech careers
Google’s Android and TV leads chat Samsung, RCS and CES
Are Crypto Whales Silently Gobbling All the BTCs and Manipulating the Crypto Market?
Tether (USDT) January 15th Deadline on iFinex Case: Everything You Need to Know
Following Coinbase And Bakkt: Winklevoss’ Gemini Reportedly Considers Going Public
FinCEN Extends Comment Window on Proposed Crypto Regulations
Bulgarian Crypto Exchange Owner Sentenced To 10 Years in Prison for Laundering $5 Million
Six-Figure Bitcoin Price Predictions Back on The Table
CES: Consumerization Will Be The Future of Digital Health
North American Venture Investment Rose In 2020, Culminating With Big Exits And A Strong Q4
Steam’s Lunar New Year Sale 2021 Will Begin February 11
IOST Price Rally Magnifies, CRV Price, and TRU Price Too Swell Remarkably
Bumble disabled its politics filter after it was used to out Capitol rioters
Destiny 2 – Dreaming City, Moon Rewards Will be Updated in Season 13
Fed Chairman Jerome Powell Believes No Rush to Adopting CBDCs
SAP’s Q4 shows improvement, adds Microsoft Azure alum as marketing chief
Amazon built a customized Alexa assistant that’s coming to cars
Amazon’s newest product lets companies build their own Alexa assistant for cars, apps and video games
-
Blockchain6 days agoIs it late to have no account Cryptocurrency payment and online payment
-
Cannabis1 week ago5 Hemp CBD Flower Strains You Should Try in 2021
-
Blockchain1 week agoKSA Nisbah Capital Subsidiary of Taibah Valley has Joined Tezos Blockchain Ecosystem
-
Amb Crypto6 days agoCardano, Cosmos, FTX Token Price Analysis: 09 January
-
Amb Crypto1 week agoBitcoin futures volume hits an ATH of $100 billion
-
PR Newswire5 days agoKintor’s Proxalutamide (GT0918) COVID-19 Clinical Trial Shows Positive Preliminary Results in Treatment of Female Patients
-
NEWATLAS4 days agoLenovo AR glasses let you multi-screen virtually anywhere
-
Covid197 days agoMapped: Drone Privacy Laws Around the World
-
Blockchain1 week agoNorwegian Block Exchange secures large private investment
-
Blockchain4 days agoBitcoin, Altcoins Dip. Are Crypto Entering Bear Territory?
-
Amb Crypto6 days agoStellar Lumens, Tron, Algorand Price Analysis: 09 January
-
NEWATLAS7 days agoExternally powered implant designed to treat obesity
English
Arabic
Chinese (Simplified)
Chinese (Traditional)
Dutch
Finnish
French
German
Greek
Hebrew
Hindi
Indonesian
Italian
Japanese
Khmer
Korean
Malayalam
Norwegian
Polish
Portuguese
Romanian
Russian
Slovenian
Spanish
Swedish
Turkish
Vietnamese