Marshalls President Heine Faces no Confidence Challenge 1951

The first and only female head of state of an independent Pacific island faces her first vote of no confidence next week. Eight senators introduced a motion of no confidence in Marshall Islands President Hilda Heine on Monday, the last of 50 sitting days for the parliament session this year. The constitution requires a vote be held between five and 10 days after a no confidence motion is lodged in the Nitijela (parliament).

Speaker Kenneth Kedi set Monday November 12 for the vote, which will be preceded by debate on issues behind the move by the opposition. Parliament is nearly evenly split among Ms Heine’s group and opponents in the 33-seat chamber.

Looming in the background – but not mentioned on Monday by Senator Casten Nemra among the five concerns motivating the opposition to action – is a push since early this year by local authorities of Rongelap Atoll to create a special investor haven.

Draft legislation proposed recently was rejected by the Heine administration for violating multiple constitutional provisions, laws and international financial transparency agreements between the Marshall Islands and countries around the world.

This plan to establish an investor haven by establishing a Rongelap Atoll Special Administrative Region was proposed by outside promoters and is backed by senators supporting the no confidence move against Ms Heine.

At Monday’s session of parliament, Mr Nemra read a list of criticisms of the Heine administration. Nemra, now in his first term in office, was briefly president in early 2016 before he was unseated by Ms Heine in a no confidence vote three weeks after his election in January that year.

Mr Nemra said the Heine administration’s plan to establish a digital currency as legal tender had tainted the country’s reputation and generated criticism from major financial organizations, including the International Monetary Fund and the US Treasury Department.

He also criticized Heine’s administration for what he described as unequal government service to outer islanders and removal of postal ballot voting for Marshall Islanders living outside the country.

The Heine administration’s engagement with donors, however, has caused grant funding to the Marshall Islands to skyrocket over the past two years. The World Bank alone now has over 10 projects in progress or in the pipeline worth over $100 million.

She has also been a key player globally on climate action and is scheduled to host a “virtual summit” of the Climate Vulnerable Forum on November 22 – an event put in doubt by the scheduled November 12 vote of no confidence.

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Core Scientific Named Bitmain’s Cooperative Repair Center in North America 13607

Core Scientific, the largest digital asset mining operation in North America, announced it has partnered with Bitmaintech Pte. Ltd (“Bitmain”), the industry-leading cryptocurrency mining equipment manufacturer, to become Bitmain’s cooperative repair center in North America. This partnership means that Core Scientific, led by the former COO of Microsoft, Kevin Turner, is the only cooperative North American repair center servicing and repairing Bitmain’s machines using original parts, materially reducing the downtime typically involved with sending machines to China for repair.

Over the past year, the digital asset mining industry in the United States has witnessed an uptick in activity with bitcoin hash rate increasing by 78% between September 2019 and April 2020, placing the U.S. just behind mining leader, China. As more mining equipment from Asia is imported to respond to rising institutional demand, miners require closer access to trained experts who can promptly diagnose problems and repair equipment with original parts to maintain competitive hashrates. Having a dedicated repair center within close proximity to miners will allow North American miners to remain hashrate competitive and profitable.

“Having a repair center close to miners in the United States is key to improving efficiency when it comes to repairing mining rigs,” said Kevin Turner, CEO of Core Scientific. “By eliminating the substantial economic and opportunity costs associated with sending equipment back to Asia to be fixed, we can help Bitmain – and the mining industry as a whole – continue to grow. Our skilled in-house engineering team is primed and ready, and will now have access to original replacement components to ensure units stay in warranty.”

As Bitmain’s cooperative repair center, Core Scientific will be able to perform repairs for any customer whose Antminer warranties have expired. Repairs will be completed by engineers who have attained Bitmain’s Ant Training Academy certification.

“Mining rigs run continuously all day, every day. It is inevitable that machines will require maintenance and repairs will need to be performed,” said Irene Gao, Antminer Sales Director of NCSA Region, Bitmain. “By opening a cooperative repair center stateside with a trusted partner, Core Scientific is helping Bitmain serve our customers and vice versa. We have enjoyed working together over the past three years and this latest partnership serves to support that.”

This announcement marks another important step in the relationship between Core Scientific and Bitmain. Most recently, Core Scientific expanded its inventory of machines by facilitating a record purchase of nearly 18,000 units of Bitmain bitcoin mining machines. Earlier this year, Core Scientific also launched the first Ant Training Academy outside of China which allows more North America-based participants to access Bitmain’s digital miner maintenance training and accreditation service.

KuCoin Celebrates 3rd Anniversary with New Spotlight, KuChain Updates and Porsche 911 Giveaway 11675

KuCoin

On September 5, 2020, at the Global Blockchain and Crypto Finance Summit, Johnny Lyu, KuCoin Global CEO, announced in his keynote speech that the 3rd anniversary celebration of KuCoin officially started. During the 3rd anniversary celebration, KuCoin will launch a series of campaigns with very exciting prizes, including a Porsche 911, iPhone, KuCoin merchandise, token rewards and more!

In addition, KuCoin’s 8th Spotlight project, the Velo Protocol, will be launched during the 3rd anniversary celebration. Velo is an open financial protocol that aims to build a decentralized settlement network that allows partners to safely and securely transfer value between each other in a timely and transparent way. Supported by dozens of leading Asian corporate groups, like Lightnet, UOB Ventures, Seven Bank, and HashKey Capital, Velo is expected to become the first blockchain project that brings DeFi to the masses. This Spotlight token sale will be taken in a lottery format. Users can obtain tickets in various ways, including holding KCS and participating in Kratos (KTS) Lockdrop and 3rd anniversary campaigns. The lottery results will be announced on September 15.

Additionally, the KuChain testnet Kratos (KTS) will conduct its initial token distribution during the 3rd anniversary celebration. KuChain and Kratos are public chains that are oriented to the needs in the DeFi field, and they provide even more stable underlying environments for decentralized applications, including DeFi and DEX. KTS token distribution will be conducted with LockDrop. For more information about the KTS, please stay tuned to KuCoin official announcement.

Johnny Lyu, KuCoin Global CEO, stated: “The 3rd anniversary is a major milestone for KuCoin. We have grown from a 7-person team into a global enterprise that employs over 300. From serving a few countries in Asia, we now have 6 million users in 207 countries and regions all around the world.

This 3rd anniversary is also a new beginning for KuCoin. We have always been committed to becoming the most trusted fin-tech brand in the world, providing all users equal opportunities to participate in crypto financial activities. The mass adoption of blockchain and cryptocurrency still has a long path to travel. As The People’s Exchange, we will continue to provide users with better products through technological innovations.”

From a crypto-to-crypto trading platform, KuCoin has gradually enriched its product line and successfully launched Spotlight, KuCoin Futures, Pool-X, KuChain, and more. Up until now, KuCoin has achieved $80 billion in accumulated trading volume and proceeded with 670 million transactions.

In addition, KuCoin has always been known for being adept at discovering “hidden gems” in the crypto world. It has listed more than 250 high-quality blockchain projects, supporting about 450 trading pairs. Looking at the recent popularity of DeFi, KuCoin has supported popular DeFi projects like AMPL, AKRO, DIA, and COMP in the very early stage. Meanwhile, KuCoin has also launched its own DeFi Trading Board to lower the barriers for users to invest in DeFi.

KuCoin’s steady development has also been recognized by the capital market. In November 2018, KuCoin completed a $20 million Series A financing from IDG Capital and Matrix Partners. These funds will also help KuCoin continue improving its platform stability, safety, and ease of use, culminating in greater value for its users.

Tokensoft Facilitates Launch of First Blockchain IPO With INX Limited 14846

Digital asset exchange INX Ltd. launches the first blockchain IPO in the US utilizing the Tokensoft technology platform. Following the successful launch of the first SEC-registered mutual fund, ArCoin, Tokensoft Inc. (Tokensoft) is excited to announce the launch of the first Blockchain IPO with digital asset exchange INX Ltd. (INX) on the Tokensoft platform, now available on the INX website. The INX launch is the first foreign IPO (F-1 Offering) of a digital security token in the US that has received effectiveness from the SEC and reflects the growing confidence that the SEC has in customers utilizing Tokensoft’s blockchain infrastructure.

he following Tokensoft services are being utilized by INX to facilitate its launch:

  • Tokensoft Offering Platform — To shepherd investors through compliance procedures and the IPO subscription process by enforcing regulatory requirements in every US state to meet Blue Sky filing requirements.
  • Tokensoft Investment Accounts — To enable IPO investors to self-manage blockchain-based investments
  • Tokensoft Transfer Agent — To provide shareholder services and blockchain administration services using Hub Security.

INX’s engagement of Tokensoft began with a key ceremony to ensure the highest level of security in administering the INX security Token pursuant to a process audited by Ernst and Young.

Development work then occurred to create  INX’s security token through usage of the  Tokensoft-developed, Ethereum ERC-1404 standard. The INX security tokens include features such as the ability to automate employee lock-up requirements using the blockchain.

Additional integrations with Anchorage and BitGo have been performed in order to provide INX investors with a myriad of custody options.

 

Secure Cryptophones 15531

In the recent past, various eye-opening revelations have been made about spying by government and private organizations. As a result, there has been a growing interest in how people can keep their communications private. After all, nobody likes to have his or her private conversations being snooped on.

Why Digital Privacy Matters So Much

Today, most people have their lives connected to their digital identities. With just a few keystrokes, hackers could empty your bank account and take measures that destroy your lives and the lives of those around you. Today, keeping your private communications is not simply a matter of philosophy; it is about guarding your livelihood. There are numerous examples of people who have their finances ruined because their private details leaked online.

How to Preserve Privacy

Today, there are various options for preserving privacy. For instance, you can opt to use a messaging service that offers end-to-end encryption. There are encrypted email services that allow you to send and receive encrypted emails to your friends and business partners. In general, there are numerous platforms and tools online to help you protect your privacy. It is especially important when you are sending sensitive documents with personal details.

Using Encrypted Phones

The problem with using encrypted apps and platforms is that communications still take place over an unsecured phone. As a result, even when those snooping on you cannot access these services, they can still access the phone itself and discover private details about you.

It is the reason why people seeking more protection are turning to encrypted phones. Cryptophones, as secure encrypted phones are called, offer a high degree of privacy protection compared to using individual apps. The pones use high-grade encryption to protect every aspect of the phone.

Consequently, those trying to gain access to any secure information will fail. Another benefit of these phones is that they encrypt voice communications between the two parties using the phones. The result is that anyone can discuss sensitive information on air without the fear that their information is visible to third parties, who might have malicious intent.

How to Pick a Secured Encrypted Phone

Besides communication, a modern Cryptophone should enable you to conduct financial transactions anonymously. You should thus go for a phone with full cryptocurrency supports. Cryptocurrencies ensure that your financial transactions do not go through a central hub, where they can be tracked.

Another you should look for is protection from GMS and GPS location tracking and IMSI catcher. The feature ensures that not only is your digital footprint protected but your physical movements also remain private.

A good example of a cryptophone that secures your privacy is the secure, encrypted Ano Phone from Germany. The phone is fitted with a protected Android OS that eliminates the risky backdoor APIs and Google library with tracking services. It arrives with a mobile-first secure private VPN service, and a firewall. It ensures all your private details remain protected at all times. The phone also brings support for cryptocurrencies and other payment options in favor of discerning customers. In recent comparisons and longterm tests, Ano Phone encryption on the hardware disk and the communication with end-to-end have been confirmed. In addition to the high-level security layer, it takes care of the OS performance, not slowing down though meeting the high encryption requirement and saving your battery with VPN running without leaks or interruptions.

Another option is the EMP line of phones from Canada. These phones also offer encrypted storage as well as secure voice and text communication. Other features included in the phone are secure call history protection, dynamic key generation after each call with same phone, and the lack of a central key management system. The device protects the data on the disk by software encryption. The product is not optimized for VPN usage for longterm but compatible for VPN on Wireless Lan without mobile data connections. By customer support, additional end-to-end communication tools can be purchased.

Besides, we found a lot of bad apples on the market with different brand names that still offer Google and Blackberry devices with built-in backdoors. Features like remote access, remote wipe, enrollment or distribution let you give up control to the provider, put privacy at risk and are a red flag.

Summary

In general, if your line of work entails handling sensitive communications over the internet, it is important to protect yourself. You never know what malicious actor could be dropping in on your calls. Cryptophones are also great for anyone who values their privacy and who wants to stay safe amidst the growing digitization of everyday life and the growth in cybercrime, especially identity theft.

Apollo Fintech Announces Completion of the First Blockchain National Currency Platform 16367

Blockchain company Apollo Fintech is announcing the completion of its National Payment Platform (NPP), an innovative cashless system that enables a central bank to issue a sovereign, digital currency (stablecoin) for national adoption. After central bank issuance, the NPP system enables a government agency and/or central bank to add commercial banks and agents. The entire platform has the capability to power an economy, from merchants to peer to peer transactions using its app, SMS, QR codes, cards, offline codes, and more.

Authorized banks can onboard citizens and merchants for mainstream transactions including currency deposits and withdrawals, currency exchange, money transfers and payments for goods and services.

National Payment Platform

“The National Payment Platform is the only blockchain-powered system that enables users to make digital payments through a sovereign currency,” says Stephen McCullah, CEO of Apollo Fintech. “The NPP enables regulated banks and commercial entities to harness the power of blockchain and facilitate frictionless transactions. This allows economic participants to save large amounts of time and resources and enables an economy to gain massive efficiencies at scale.”

Features include:

  • Online sign-up by merchants and citizens to facilitate easy accessibility and onboarding
  • Merchants can publish a product catalog to sell goods (and collect payments) directly on the platform
  • Merchants can use the point of sale system to sell goods and services locally
  • Deposit and withdrawal of funds via online wallet, as well as money transfers/remittances between wallets and abroad
  • Add bank cards to top-up funds or withdraw money
  • Generate efficiencies from frictionless transactions across an economy
  • The future benefit of quantum-resistant encryption of data on an immutable distributed ledger
  • Zero downtime of the database
  • Physically accessible throughout the country by government-approved agents/banks
  • The ability to make payments and check account data using only SMS

Mobile Money: Overcoming Challenges of Banking Access and Usability

The National Payment Platform is compatible with Apollo Cash, a cashless innovation that allows a traditional economy to transition to frictionless digital payments. The NPP removes the barriers of accessibility and usability by allowing physical access from any agent locally and by utilizing top up cards that could be sold in all major retailers. Unprecedented usability is offered by allowing digital currency transactions via mobile SMS and text messages, so anyone can use the system and benefit from blockchain.

“By solving accessibility and usability challenges, NPP in conjunction with Apollo Fintech’s other financial innovations can lead to accelerated mass adoption of digital payments and cashless transactions,” says McCullah. “When utilized, a government and central bank can leverage the security and transparency of blockchain on a national scale. This empowers a government to accelerate the transformation of a national economy and gain unprecedented efficiency, stability and economic control.”

Golden Bull Limited is Changing its Trading Symbol to “BTBT” on August 7, 2020 and hosting Annual General Meeting on September 4, 2020. 16353

Golden Bull Limited (Nasdaq: DNJR) (the “Company”), an emerging bitcoin mining company headquartered in New York, U.S. today announced that its Nasdaq trading symbol is going to be changed to “BTBT” to be effected prior to the open of trading on August 7, 2020.

On July 29, 2020 the Company obtained the approval from the Board for the name change of the Company to “Bit Digital, Inc.” The Board believes that the name “Bit Digital, Inc.”, more accurately reflects the current business and operation of the Company. The Company’s management believes the name change will provide a unique name that more closely relates to the operating business. The Company has received confirmation from Nasdaq of approval of the change in trading symbol to “BTBT.”

The Company is filing a Notice of Annual General Meeting (the “AGM”) and Proxy Statement on Form 6-K with the SEC stating that its AGM will be held via teleconference on September 4, 2020 commencing at 10:00 A.M (Eastern Standard Time). The board of directors of the Company has fixed the close of business on August 3, 2020, as the record date for determining the shareholders entitled to receive notice of, attend, and to vote at, the AGM or any adjournment or postponement thereof.