Bitcoin Association Becomes Switzerland Non-profit Association, Expands Global Work to Advance Bitcoin SV 21458

Bitcoin Association, the global industry organization that advances Bitcoin SV, announces it has become a non-profit association (Verein) in Switzerland. The Association supports Bitcoin Satoshi Vision (BSV) because it is the only project adhering to Bitcoin creator Satoshi Nakamoto’s original protocol, design and vision for Bitcoin to become a peer-to-peer electronic cash system and global data ledger for enterprise.

The initial Voting Members of the new Association are: CoinGeek (entrepreneur Calvin Ayre’s multi-faceted Bitcoin mining, media and investment business); nChain (the leading global blockchain technology company where Bitcoin creator Dr. Craig S. Wright is Chief Scientist); TAAL Distributed Information Technologies, Inc., a publicly-traded Canadian company involved in blockchain transaction processing (mining) and infrastructure; and Jimmy Nguyen, global advocate for Bitcoin SV and the Association’s Founding President.

The Association’s Executive Committee consists of: President Jimmy Nguyen; Vice President Steve Shadders, CTO of nChain; Calvin Ayre, Founder of CoinGeek; Stefan Matthews, Chairman of TAAL; and Jodok Wicki, a partner at the CMS von Erlach Poncet Ltd. law firm in Zurich, Switzerland and counsel to the Association.

Under its previous structure, the Bitcoin Association grew to approximately 1500 members from over 65 countries – including enterprises, start-up ventures, developers, merchants, exchanges, service providers, blockchain transaction processors (miners) and others in the Bitcoin SV ecosystem. The new Association will transition to a new membership structure, with Voting Members, Non-Voting members and Affiliates, in order to better serve the differing interests across its broad range of constituents. Information about participation options for 2020, which will serve as a transitional year, as well as details about future years will be communicated to all members of the previous organization structure.

Bitcoin Association’s Founding President Jimmy Nguyen commented on the move, saying: “As I have said before, it is time for Bitcoin to grow up. That means that the industry, especially its technology development, business infrastructure, and regulatory oversight, need to mature. This also means that our own organization needs to take steps forward in its maturity. Switzerland is a renowned global capital for finance, technology and digital currency. It is an ideal base for our global association, as we lead the maturation of the entire Bitcoin industry and significantly increase our international activities to advance Bitcoin SV. We also expect more exciting BSV developments to happen in Switzerland as a result of this move.”

Interest in Bitcoin Association has rapidly grown as Bitcoin SV has captured the digital currency spotlight. The BSV blockchain has seen application development explode globally as developers and businesses make use of BSV’s superior scaling, data and micropayments capacities. Growing usage has led BSV’s daily network transactions and average block size counts to regularly surpass BTC and even surpass the Ethereum network on some days.

To further accelerate BSV’s growth, the Bitcoin Association has an ambitious agenda for 2020 and beyond. This includes work to support the underlying BSV technical infrastructure; standards setting with a new Technical Standards Committee; host and sponsor Bitcoin SV business conferences, programs and events around the world; launch a developer training curriculum, Developer Conferences (“BSV DevCons”) and workshops; conduct global media work in multiple languages; and policy work with government bodies to encourage responsible usage of Bitcoin and blockchain technology.

Bitcoin Association’s efforts are truly global. To carry out its work, the organization has built an international team, including staff in Australia, China, Japan, Singapore, Switzerland, United States, and United Kingdom. They are supported by Bitcoin Association Global Ambassadors in Argentina, Australia, Brazil, China, Germany, Israel, Japan, Netherlands, Panama, Russia and CIS region, the Scandinavia region, Slovenia, South Africa, South Korea, Spain, and the United States.

If you are a business or developer interested in Bitcoin SV, join the new Bitcoin Association for BSV and participate in building the future of Bitcoin and blockchain. We welcome participation by anyone interested in Bitcoin SV, even if you also support or work on other blockchain or digital currency projects. Visit our website at new.bitcoinassociation.net/swiss-membership/ to learn more about the new Bitcoin Association’s membership structure.

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Orion Protocol (ORN) Wins KuCoin Community Vote DeFi Session, Trading and Staking Services to be Opened 8935

KuCoin, an IDG-backed exchange, today announced the result of the KuCoin Choice Community Vote (DeFi Session), Orion Protocol has won the voting and will get listed on KuCoin at 18:00 July 25. Meanwhile, staking service on Pool-X will be available from 17:00 July 22, with an annualized return of 39%. DeFi is the most trending topic in the recent blockchain industry with a large number of promising DeFi projects emerging. In order to contribute to the DeFi ecosystem and provide support to more DeFi projects, the KuCoin Choice Community Vote (DeFi Session) has been launched to select real potential DeFi projects.

Orion Protocol, the DeFi platform building B2B and B2C solutions on the most advanced liquidity aggregator ever developed, solves the largest problems in DeFi by aggregating the liquidity of the entire crypto market into one decentralized platform. With the ORN token at the core, Orion has built thirteen different revenue streams across their stack of solutions – from Orion Terminal to Orion Enterprise solutions for blockchains, exchanges, and crypto projects.

KuCoin Global CEO Johnny Lyu stated: “KuCoin has been persistent in its pursuit of finding and supporting blockchain projects with real potential. KuCoin has been paying attention to the DeFi field for a long time, and hopes to find hidden gems in DeFi for users. Community Vote is a good way to not only allow users to contribute to the KuCoin ecosystem, but also to better understand DeFi projects. In the future, we will explore more ways to support DeFi to accelerate its mass adoption.”

Orion Protocol CEO Alexey Koloskov Stated: “Orion bridges the gap between the centralized and decentralized worlds of crypto, solving the largest problems in DeFi by aggregating the liquidity of the entire crypto market into one decentralized platform. I’d like to thank our community for supporting us in this voting and I am very excited about the KuCoin listing. We look forward to working closer with KuCoin to BUIDL on DeFi in the future.”

KuCoin has always been a strong supporter of DeFi projects and has listed a number of real potential projects in the DeFi field, such as COMP, MKR, KNC, AMPL, LUNA, AKRO, etc. Furthermore, KuCoin is developing its own public chain – KuChain to further boost the prosperity of the DeFi world. KuChain’s testnet Kratos has launched its beta version and it aims to build a four-layer network based on the needs of DeFi and DEX, modularizing the protocol and functions, improving the ease of use of Kratos, and reducing the threshold for developer participation.

VistaChain by Highview Achieves SAP Certification through the “Co-Innovated with SAP” Program 10202

Highview Solutions, Inc. today announced that its VistaChain V1.0 solution has achieved SAP® certification as integrated with SAP Cloud Solutions, as part of the “Co-Innovated with SAP” program. The “Co-Innovated with SAP” program is designed to help partners through the development lifecycle that culminates in an SAP-certified and tested solution against SAP product standards. It is an end-to-end program of guided services offered by the SAP Partner Innovation Lifecycle Services organization that helps partners take their products to market in alignment with other SAP teams (product management, solution management, development and field), thereby providing the guidance and support to help ensure a competitive solution in the marketplace.

“The innovation of our VistaChain V1.0 solution resulted in many wins as we worked closely and exclusively with the outstanding SAP Partner Innovation Lifecycle Services team to achieve SAP certification for our product. We are thrilled to have developed blockchain-enabled solutions to offer simple, transparent B2B transactions for vendors and suppliers. This innovation should improve user experience on all fronts,” says Mike Kersels, Highview founder and CEO.

VistaChain V1.0 is poised to be the industry-agnostic connective tissue between vendors and suppliers for B2B transactions. As an SAP partner and trusted third party for business partners Highview Solutions has been providing B2B Electronic Data Interchange (EDI) solutions to its customers since 2019.

The SAP Partner Innovation Lifecycle Services organization has certified that VistaChain V1.0 by Highview Solutions integrates with Hyperledger Fabric service on SAP Cloud Platform, where business documents exchanged between customers and trading partners are stored in the cloud.

As a managed service offering VistaChain provides full visibility and transparency to the data of exchanged business documents, reduces time spent on reconciliation and helps to eliminate disputes between business partners.

Xangle, the crypto disclosure platform, closes its A2 investment round from the financial branch of Hanwha Group in South Korea 11036

CrossAngle, operator of the global crypto asset disclosure platform Xangle, announced that it has successfully completed its Series A2 investment round by Hanwha Investment & Securities (KRX: 003530), a licensed securities brokerage subsidiary of South Korea’s Hanwha Group. The 4 billion won (US$3.3 million) funding is significant because CrossAngle has managed to convince an incumbent financial industry player of its potential just a year and a half into its operations. The funding is expected to enable the company to build the foundations and infrastructure for institutionalizing data services for crypto assets, which is currently regarded as one of the essential pillars for the industry.

Hanwha Investment & Securities is one of the major securities brokerages in South Korea and is a subsidiary to Hanwha Group, one of Korea’s largest conglomerates alongside Samsung, Hyundai, LG, and SK. Hanwha Investment & Securities is currently working to strengthen its digital capabilities, and is the first investment firm in South Korea to create a subsidiary that deals with ‘big data.’

Xangle collects, verifies, and integrates corporate disclosures from global projects and companies that have issued crypto assets. This information is made public along with on-chain blockchain data, all of which are displayed in a user-friendly format to help the public’s understanding of the crypto assets. One of the key issues concerning on-chain data is the difficulty associated with analyzing raw data. Xangle provides both off-chain corporate disclosures and easily accessible on-chain metrics and analytics to the public.

CrossAngle aims to consolidate and standardize information so that access and understanding of crypto assets is easier for everyone. As crypto assets transcend existing national boundaries and languages, a platform to accommodate the broad user base is necessary. The standardized disclosure content Xangle provides will make it easier for projects and stakeholders in different parts of the world to communicate: for projects to share and disseminate their latest information, and for exchanges, funds, and holders to conduct proper due diligence and systematically monitor each project’s progress.

The industry is at a global tipping point, with government regulations and policies more actively addressing the new asset class. Central banks are investigating Central Bank Digital Currencies (CDBCs), and the recent spotlight on ‘un-tact’ technologies are pushing for a more digital world. Even now major global financial industry players are making investments in to blockchain technology and trial-running pilot services using blockchain.

James Junwoo Kim, the co-founder of CrossAngle, successfully led this funding round and expressed that “resolving existing industry problems and creating a solid data/information ecosystem based on stakeholder participation is crucial to the industry’s growth and eventual mass adoption.” With the latest funding, he hopes that Xangle can “make significant contributions to the advancement of the industry and expand the boundaries for the industry as a whole.”

Xangle’s global partner network includes 60+ exchanges, with a combined geographic footprint including South Korea, Japan, China, Southeast Asia, Russia, Europe, and the United States. The public can access disclosure data for over 800 crypto assets, of which more than 400 assets are registered and directly maintained by blockchain projects.

GiveSafely.io Launches as a Secure Trust-based Donation Platform for Leading Charities to Incentivize and Interact With New Donors 14658

Donation platform GiveSafely.io has launched today with notable BBB Wise Giving Alliance’s (BBB WGA) accredited charities including: Save the Children, Easterseals, Physicians Committee for Responsible Medicine, Population Media Center, RedRover, Wild Animal Sanctuary, Cure Alzheimer’s Fund and World Emergency Relief. The platform aims to provide a safe and transparent space connecting the donors with charities ensuring any personal information is secured by the Ardor blockchain. Donors who agree to share their information with charities, are rewarded with TrustTokens.

GiveSafely.io has been launched with the aim of reaching out to younger and more technologically proficient donors who are less likely to make donations compared to older or less technologically savvy ones. This is despite the fact that both Generation Z and Millennials indicated a higher willingness to be approached by charities to give (19% and 23%, respectively) compared to 11% for the general population. GiveSafely.io plans to engage these donors on terms more accustomed to them. The platform also aims to restore trust in the online donation model, address concerns people have about misuse of their personal data and potential hacks. All personal information is stored on the Ardor blockchain and is only accessible to charities with donor permission.

Art Taylor, CEO, BBB Wise Giving Alliance: “This platform will provide new forms of engagement with Millennials and Generation Z which we believe are critical audiences for the future growth of philanthropy. Even prior to the COVID-19 pandemic, charities were facing a wide variety of challenges in how their traditional fundraising model operated, we believe this new donation platform will help strengthen donor trust in charities while also providing a bridge to younger donors seeking new forms of engagement.”

“We are living through a period of unprecedented technological change and disruption,” states Ettore Rossetti, Senior Advisor, Digital, Marketing and Fundraising, Save the Children. “This is having far reaching impact on how traditional industries operate including non profit organizations. For charities to thrive in these increasingly uncertain times, they should look to embrace new technologies when trying to reach new, potential donors. Test, learn, innovate.”

In addition to strengthening trust in the online donation model, the TrustTokens people are rewarded with can be redeemed for gifts and online experiences that combine a human element with a connection to the charity’s mission. These 15-20 minute experiences include offers like healthy cooking tips and a discussion of what it’s like to work at the selected charity, and other conversations that connect them to the charity’s mission. GiveSafely.io also enables cryptocurrency users to make donations directly to charities, responding to a recent finding that 25% of wealthy Millennials hold or use digital currencies and 31% have expressed an interest in using it (Edelman Report, Millennials with Money).

Digital assets in business activities 14755

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The introduction of cryptocurrencies encouraged business owners and individuals to preserve their capital in a decentralized currency. Instead of cash, they prefer advanced financial instruments, which are currently the basis of the new economy, as well as conducting business activities in digital rather than in paper form.

Smart contracts as a replacement for paper documents have their own algorithm, and smart contract transactions are guaranteed by a digital asset (DA), which is an information resource derivative of the right to a value and circulating in the distributed ledger in the form of a unique identifier.

In other words, a digital asset ownership confirms the ability to dispose of the right to a digitized object (any values, such as real estate, securities, shares in business, means of transport, facilities, etc.).

Digital asset: essence and components

The concept of a digital asset includes several components:
· economic – determination of properties of a unique identifier;
· legal – representation of the property of a digital asset as a derivative of the right to a value;
· information – data on digital assets recorded on digital media and structured, thus providing capability of storing, transferring, exchanging, etc.;
· value – digital representation of values of a digitized resource.

A blockchain token possessing certain properties can be a digital asset. This can be digital data in the form of a video/audio file or a set of electronic documents, e.g. folders on a PC. Thus, here appears the main difference between cryptocurrency and a DA, which is that the first is not backed by property/property rights. It should also be noted that digital assets circulate in digital environment according to the protocol, which establishes the rules and conditions of this circulation, so that they cannot be copied during transferring.

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There is another difference between a digital asset and cryptocurrency, which is that an asset as a unique identifier is more secured. This is due to the territorial (geographical) reference to the country of digitized resource registration (location, use). The concept of a digital asset and the use of such an instrument can vary significantly in different countries, since there are considerable differences in methods for assessing real assets and their accounting.

The scope of digital assets is quite wide. Thus, they can be used for:
· financial transactions without involving financial intermediaries (exchange websites) and high fees;
· preserving a value of funds, i.e. no one will ever freeze your account, since you need to have a secret key;
· investment;
· confidential transactions;
· purchasing or providing services;
· high-priced purchases (starting with exclusive cars and jewelry to works of art).

Moreover, you can buy or sell a token, with a right of a digital asset, as an intangible asset in the course of business activities of an enterprise. It is necessary to correctly determine the type of a blockchain token as different states developed their own tests and guidelines for testing them. The reason is the risk of investing in the project and the loss of substantial amounts of money if there are no legal grounds for distribution of a token.

Crypto Testing Options

There exist several testing methods that differ in a number of criteria:
· The Howey Test determines transferring or distributing of a token, as securities transaction;
· The MFSA Test determines correspondence between assets based on the DLT technology and virtual tokens, which makes it possible to regulate them under the laws of the European Union.
· The FINMA Token Classification allows classifying tokens as securities subject to their commercial sale. However, cryptocurrencies and payment services are not included in this category and remain under the anti-money laundering rules.
· The digital asset diagnosis is the Digital Asset Test developed by Simcord, which allows determining whether this token can be classified as a digital asset or not. The test is based on the 16-point scale of a blockchain token belonging to the category of digital assets.

As a result, a digital asset has become more popular than cryptocurrencies as it ensures safety of digitized tangible and intangible values. That is the ownership of a digital asset that provides more opportunities for learning new, high-tech format of the economy and business activities.

When Projects Are Real – Why “CryptoUnit Scam” Claims Are Unfounded 15004

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The crypto universe is filled with painful examples of projects that have proven to be scams. The arrival of a new player on the market is immediately met with deluges of accusations and rightful suspicion. The same applied to the CryptoUnit project, which was immediately greeted with the “CryptoUnit scam” branding.

However, after careful analysis, it becomes clear that the claim “CryptoUnit scam” does not hold up, as the project is developed by legitimate specialists with noble purposes and a real value offering. The first reason why “CryptoUnit scam” does not manage to be a true statement is because the project is developed by specialists in the investment industry with more than 20 years of experience. Such expertise and the backing reputation does not allow the founders to be eligible for scams, and such schemes. It is simply unprofitable for both the present and the future to be involved in illicit schemes.

The CryptoUnit program is a financial undertaking that provides anyone a unique opportunity to become co-owners and shareholders of a major fund, which is a financial program operating in every investment market segment. The creator of the Global Program is professional investor Andrei Khovratov, the founder of the immense community of the New Economic Evolution of the World, NEEW. The CryptoUnit Security Tokens (CRU) that will be issued as part of the CryptoUnit program are digital counterparts of securities based on the Security Token Offering model with underlying blockchain technology and smart contracts. The reliance on the STO model for the placement of tokens will ensure complete compliance with international legal norms.

Participation in the program gives participants access to assets that are currently valued at $404 million. The funds raised as part of the CryptoUnit project will be used to expand the existing portfolio with other profitable investment instruments. The combined participation in the CryptoUnit program will allow holders of CRU tokens to partake in the profit sharing of the portfolio’s revenues.

The Global CRU Program currently includes more than 60 financial instruments from various segments of the investment market. Venture capital, precious metals, banking sector, the stock market, cryptocurrencies, equity participation in business, culture, real estate, and precious stones are all part of the investment portfolio. With a total investment of about $51 million, the Global Investment Portfolio has a capitalization of more than $379 million.

Part of the profits from the assets of the Global Investment Portfolio will be directed at the payment of Profi-Bonuses for all investors of the CryptoUnit program. After the issuance and registration of CryptoUnit CRU tokens, token holders will receive dividends in the amount of 8 to 35% of the total profits of the portfolio.