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Blockchain Industry Leaders R3 and FORMS HK join Cyberport to Launch “Block AdVenture” Program

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Hong Kong’s innovation hub, Cyberport has partnered with leading global enterprise blockchain platform provider R3 and pioneer of blockchain applications FORMS HK to launch the Block AdVenture program.

The Block AdVenture program is part of Cyberport’s commitment to empowering Hong Kong start-ups through the use of cutting-edge technologies and creating innovative digital solutions that meet the market’s needs. Blockchain is one of the key technology clusters promoted by Cyberport.

According to a release shared with Blockchain.News on Oct 22, the Block AdVenture, program equips local startups with a deeper knowledge of blockchain and assistance in making better use of blockchain platforms. The program has been designed to help start-ups validate their business ideas and accelerate their product-market fit through community events, workshops, mentorship from industry leaders and access to prospects and investors.

Eric Chan, Chief Public Mission Officer of Cyberport, said:

“Blockchain applications have become prevalent across different industries, helping to make the information transfer in business activities more efficient and transparent. We can see successful examples of blockchain technology being used in finance, logistics, testing and even esports and the fashion industry.”

How does it Work?

Over the three month duration of the Block AdVenture program, representatives from R3 and FORMS HK will pass on their knowledge of blockchain applications to start-ups and provide one-on-one coaching to help participants develop proofs of concept (POCs).

Marc Liew, APAC Venture Development Lead of R3, said:

“R3’s Venture Development program will serve as a gateway to the R3 ecosystem for entrepreneurs and start-ups seeking to leverage blockchain technology to accelerate their business. As the world of enterprise rapidly evolves, businesses need strong partnership networks and support to face a ‘new normal’ – and we will do everything we can to support Hong Kong’s thriving technology sector in collaboration with our partners.”

The program is open to all start-ups and other local companies that have an interest in applying blockchain technology in their business development but only ten will be shortlisted to take part in Block AdVenture based on three criteria – impacts, innovation, and technology – in the business proposal they submit.

The Block AdVenture program will end with a demo day, and the most outstanding companies will be awarded cash prizes and investment matching opportunities as well as the Corda Enterprise Development License to help deploy their solution for production. In addition, R3 will provide all participants with an extended Corda Enterprise evaluation license, free AWS cloud credit, business use case consultancy, one-on-one industry expert mentorships, and technical consultancy.

The program is free of charge. Hong Kong startups interested in taking part can apply before November 16.

In other news, R3 has also teamed up with tech giant IBM to boos Hybrid Cloud capabilities with blockchain, for enhanced data privacy, compliance and performance.  

Image source: Shutterstock Source: https://Blockchain.News/news/blockchain-industry-leaders-r3-forms-hk-cyberport-to-launch-block-adventure-program

Blockchain

Crypto on Every Corner: Driving Adoption With Jeremy Allaire and Meltem Demirors

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This episode is a discussion from Stellar’s Meridian conference, in which I moderated the panel, Crypto on Every Corner: Driving Adoption, featuring Jeremy Allaire, cofounder, chairman and CEO of Circle, and Meltem Demirors, chief strategy officer at CoinShares. In this discussion, we cover:

  • what adoption means and looks like 
  • why cryptocurrency is at a particularly interesting inflection point
  • how central bank digital currencies could affect that
  • how blockchains will recede into the background
  • how existing fintech payment apps will use blockchains and/or crypto
  • where on the road to adoption the industry currently is 
  • the significance of Crypto Twitter as a marketing tool
  • what the crypto industry needs to do in the next year to grow the industry
  • why it would have been easier to start a bank than a crypto business
  • why the separation of money and state is one of the most interesting experiments in history 
  • how we’ll see new corporate-like organizations without any connections to any existing legal or financial systems driven by tokens
  • what their favorite crypto adoption success story is

Thank you to our sponsors!

Crypto.com: http://crypto.com

Episode links:

Jeremy Allaire: https://twitter.com/jerallaire

Circle: https://www.circle.com/en/

Meltem Demirors: https://twitter.com/Melt_Dem

Coinshares: https://coinshares.com

PayPal offering crypto: https://techcrunch.com/2020/11/12/paypal-says-all-users-in-u-s-can-now-buy-hold-and-sell-cryptocurrencies/

Revolut offering crypto: https://techcrunch.com/2020/07/15/revolut-partners-with-paxos-to-bring-cryptocurrency-trading-to-the-us/

Source: https://unchainedpodcast.com/crypto-on-every-corner-driving-adoption-with-jeremy-allaire-and-meltem-demirors/

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3 Reasons Behind Bitcoin and the Crypto Market’s Sudden Crash

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Bitcoin whales have been shorting the market.

Bitcoin and cryptocurrencies crashing

On Nov 21, crypto analyst Willy Woo indicated that “old hands have been selling into this rally since the start of November.” Old hands selling is a bad sign that may mean that a price drop may be coming soon.

Bitcoin whales stir movement on the market

On Nov 22, Crypto Quant CEO Ki Young Ju indicated that “When whales are active (over 90%) on Coinbase, the $BTC price will likely be going sideways or bearish.” Typically, whales can acquire Bitcoin at a much lower price. They simply cash out to guarantee enough profit when the market becomes overheated.

The 2017 Bitcoin surge followed by its crash may be related to Bitcoin whale manipulations.  According to University of Texas professor John Griffin and Ohio State University’s Amin Shams, the Bitcoin bull run in 2017 may be driven by Bitfinex. They said through an academic paper:

“This one large player or entity either exhibited clairvoyant market timing or exerted an extremely large price impact on Bitcoin that is not observed in aggregate flows from other smaller traders.”

Although there are more and more investors interested in Bitcoin (BTC) and other cryptos, the current price action of BTC seems to be primarily driven by institutional and big players. This year, Grayscale and its Bitcoin trust have been really eye-catching, as it has secured the largest Bitcoin amount seen by any institutional investor up to now. MicroStrategy and Square’s big Bitcoin buy-ins are also influential pulses that have driven Bitcoin’s price up as well.

Bitcoin economy fits billionaire investor George Soros’ quote perfectly. The philanthropist stated:

“Economic history is a never-ending series of episodes based on falsehoods and lies, not truths. It represents the path to big money. The object is to recognize the trend whose premise is false, ride that trend, and step off before it is discredited.”

Possible crypto regulation time bomb

There may be a series of crypto regulations upcoming in the US. Coinbase CEO Brian Armstrong has allegedly heard rumors that the Trump Administration may soon issue a huge and strict crypto wallet regulation on United States traders with privacy-invading data collection requirements.

On Oct 8, the U.S. Department of Justice published a “Cryptocurrency Enforcement Framework” that put cryptocurrency under strict regulations, similar to policies revolving around fiat money.

Google Trends indicate Bitcoin is booming

On Nov 25, CNBC’s Brian Kelly warned of a Bitcoin short-term correction that could see its price plummet to $12,000.

An explanation may be that altcoins rose much more than Bitcoin in price, which could serve to attract more funds into altcoin speculations. Whenever Bitcoin crashes, altcoins get pulled down as well.

Another reason is that searches for “buy bitcoin” on Google Trends have exploded to new highs, which means rising demand from retail investors. But this may not be a good sign. As Kelly said:

“Whenever you get that big of an address growth implied, that is a caution sign.”

Image source: Shutterstock Source: https://Blockchain.News/analysis/3-reasons-behind-bitcoin-and-crypto-market-sudden-crash

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IOTA Launches Austria State-Backed Christian Doppler Laboratory for Blockchain Research

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The IOTA Foundation, a non-profit distributed ledger technology-focused foundation has announced that it is joining a new research project, which is expected to run for seven years. The IOTA Foundation is joining the new research laboratory for blockchain technologies for the Internet of Things (IoT) as an industrial partner. 

Webp.net-resizeimage - 2020-11-26T172433.733.jpg

The research lab, the Christian Doppler Laboratory (CDL-BOT), will provide “cutting-edge research on DLT interoperability, the intersection of DLT with the Internet of Things and developer support offerings.” 

The Federal Minister for Digital Economic Affairs in Austria has officially opened the laboratory in a digital ceremony, joined by the co-founder and co-chair of the IOTA Board of Directors, Dominik Schiener. The IOTA Foundation continues to strive for developing open source technologies and infrastructure for trusted IoT.

For the IOTA Foundation, this project would allow more development and research on the IOTA Tangle as well as applications in the Internet of Things. The project would also look beyond the IOTA protocol to further develop the European DLT ecosystem. In an official press release shared with Blockchain.News, IOTA explained:

“This requires novel mechanisms to enable DLT interoperability ranging from cross-blockchain token transfers or atomic swaps to cross-blockchain smart contract invocation and interaction, as well as providing client-side blockchain interoperability through developer support.”

Pantos, a scientific research project aiming to solve the key technical barriers in the crypto and digital asset space, as well as Bitpanda, a leading European neobroker has also joined the research project. Prof. Stefan Schulte, the lead for the new lab said:

“With the rising number of potential application areas for DLT-based payments and data exchange in the Internet of Things, new DLTs have to be integrated, and interoperability between different DLTs becomes necessary. I am looking forward to doing joint research with the IOTA Foundation and Pantos in order to find novel solutions to this highly topical topic.”

The press release also mentioned that postdoctoral and doctoral students would also be employed for the research project, under the supervision of Prof.Stefan Schulte. 

Image source: Shutterstock Source: https://Blockchain.News/news/iota-austrian-state-christian-doppler-laboratory-blockchain-research

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GREENHEART PUNT APPROVED FOR LISTING ON LEADING GLOBAL CRYPTO EXCHANGE DIGIFINEX

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Greenheart PUNT approved for listing on leading global crypto exchange DigiFinex  

Greenheart PUNT, the new sustainable Defi token led by Greenheart, is delighted to announce that the PUNT token has been approved for listing on the leading Singapore digital exchange DigiFinex.

DigiFinex is a Top 12 global crypto exchange and regularly trades in excess of $2 Billion dollars per day in volume and liquidity. The exchange trades approximately 200 leading coins and has over 4 million customer accounts – of which 800,000 are active daily users.

The listing on DigiFinex is in addition to Greenheart PUNT’s initial (December 1st) listing on the LAToken exchange and is designed to maximize liquidity and trading volume for PUNT token holders and investors.

The Greenheart PUNT token is scheduled to begin trading on DigiFinex on Wednesday 2nd December 2020.

Greenheart was founded two years ago in Ashbourne, County Meath, and was formed two years ago by childhood friends Mark Canavan and Paul Walsh. The company produces a full range of sustainable oils – and shortly – edibles and balms for the retail market. Although Greenheart only began selling its oils in January 2020, it already has over 1,500 customers, a customer return rate three times the industry average and over seventy trusted 5-star reviews on its website.

Before launching Greenheart, Paul and Mark spent years researching extraction methods to produce the most effective agricultural products, for the end consumer with full traceability from seed to shelf. The company is the first sustainable producer in its market to use the full scope of cutting edge technology in its cultivation and production. This includes Big Data, Artificial Intelligence (AI), Machine Learning, and Blockchain technology at each stage of the planting, harvesting, production, and retailing process.


Greenheart Punt Token 

The Greenheart Punt token is being backed by a real commodity – 1,000 liters of Greenheart’s oil in year 1 (with a retail value of $4 million US dollars) – allowing token holders to redeem their tokens directly for Greenheart oil.

The company also plans to continue deploying pioneering sustainability technology and cold press extraction, while also launching an Innovation Centre to teach farmers and the wilder public about the benefits of growing hemp and sustainable crops in Ireland.

 

 

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