Avi Mizrahi: The Daily: Shapeshift Acquires Bitfract, Bitmain Invests in Tribeostribeos the-daily soccer smart-contracts shapeshift seed regulatory-sandbox n-featured moshe-hogeg investment football fintech-sandbox bitfract bitcoin-in-brief bch acquisition
In today’s edition of Bitcoin in Brief we cover stories about Shapeshift acquiring Bitfract, Bitmain investing in Tribeos, a dozen regulators from around the world setting up a global fintech sandbox and an ICO mogul reportedly buying a soccer team.
Shapeshift Acquires Bitfract
Shapeshift AG has announced the acquisition of Bitfract, an Austin, Texas-based software firm which recently developed a service that allows users to swap from one cryptocurrency to many in an instant. Following the sale, the tool will be maintained and continue to operate, and the functionality that the platform provides (multiple output transactions) will be incorporated into Shapeshift’s core platform in the near future.
“The Bitfract team made expert use of ShapeShift’s open API to build a product that we ourselves were planning to build,” said Erik Voorhees, Founder and CEO of Shapeshift. “This demonstrated a great alignment of strategy and thinking, and their execution was so exceptional that we wanted to bring their talented team and technology on board.” Willy Ogorzaly, Co-Founder and CEO of Bitfract, added: “When Erik asked if we wanted to join ShapeShift, the answer was immediately yes. We believe in a decentralized future where individuals freely control their digital wealth, and our team is honored to work alongside Erik and everyone at ShapeShift to make this a reality.”
Bitmain Invests in Tribeos
Bitmain Technologies Ltd., the Beijing-headquartered bitcoin mining hardware developer, made a $3 million seed investment in Tribeos – a digital advertising platform built on Bitcoin Cash (BCH). Funds are meant for building out the company’s core team and final development of the ads marketplace, scheduled to launch in 2019.
CEO Matt Gallant commented: “When industry leaders like Bitmain invest in a blockchain-based advertising platform like tribeOS, it signals a paradigm shift, not only in ad tech, but for the entire online advertising industry.” He added: “Every company doing online marketing has lost considerable amounts of money to scammers on digital advertising platforms. Fortunately, we now see a growing awareness about ad fraud. It’s about time. This has been an invisible crime for far too long. Platforms like ours will mean that the world’s value creators will no longer need to fight their way to sustainability, hoping to be one of the fortunate few who survive. tribeOS will end ad-fraud, allowing advertisers to find their audience quickly.”
Global Fintech Sandbox
A dozen financial regulators and related bodies have joined forces for the creation of a Global Financial Innovation Network (GFIN), based on the UK FCA’s proposal to create a ‘global sandbox’. The new network’s stated aim is to provide a more efficient way for firms to interact with regulators, helping them navigate between jurisdictions. It will also create a framework for co-operation between regulators on innovation-related topics. Current members include: Abu Dhabi Global Market (ADGM), Autorité des marchés financiers (AMF, Québec), Australian Securities & Investments Commission (ASIC), Central Bank of Bahrain (CBB), Bureau of Consumer Financial Protection (BCFP, USA), Dubai Financial Services Authority (DFSA), Financial Conduct Authority (FCA, UK), Guernsey Financial Services Commission (GFSC), Hong Kong Monetary Authority (HKMA), Monetary Authority of Singapore (MAS), Ontario Securities Commission (OSC), and the Consultative Group to Assist the Poor (CGAP).
ICO Mogul to Buy Soccer Team
According to newspaper reports from Israel, the serial entrepreneur and cryptocurrency advocate Moshe Hogeg has agreed to buy a local professional soccer team. Once the group’s debt issues are resolved, he will take over the Israeli Premier League member, Beitar Jerusalem Football Club, for 20 million shekels (about $5.4 million USD).
Hogeg is the man behind Sirin Labs, which raised $157.8 million in an initial coin offering (ICO) last year. The money was meant to be used to build an “ultra-secure” cold storage crypto wallet-phone which was promoted by soccer superstar Leo Messi. In June, he reportedly bought 5,000 square meters of private land to build himself a new house for about $19 million and paid 15% of that sum in crypto.
What do you think about today’s news tidbits? Share your thoughts in the comments section below.
Images courtesy of Shutterstock.
Verify and track bitcoin cash transactions on our BCH Block Explorer, the best of its kind anywhere in the world. Also, keep up with your holdings, BCH and other coins, on our market charts at Satoshi’s Pulse, another original and free service from Bitcoin.com.
The post The Daily: Shapeshift Acquires Bitfract, Bitmain Invests in Tribeos appeared first on Bitcoin News.
Original article was created by: Avi Mizrahi at news.bitcoin.comDisclaimer: This article should not be taken as, and is not intended to provide, investment advice. Please conduct your own thorough research before investing in any cryptocurrency or ICO.
Interested in Cryptocurrencies and ICO's?
Follow our telegram channel for daily cryptomarket reports!Join @cointrends
|3 hours ago||n-featured|
|16 hours ago||n-featured|
|3 hours ago||the-daily|
|2 days ago||the-daily|
|18 hours ago||bch|
|1 day ago||bch|
|1 day ago||bitcoin-in-brief|
|4 days ago||bitcoin-in-brief|
|2 days ago||investment|
|1 week ago||investment|
|3 days ago||smart-contracts|
|5 days ago||smart-contracts|
|4 days ago||acquisition|
|1 week ago||seed|
|1 week ago||shapeshift|
|1 week ago||shapeshift|
|2 weeks ago||football|
|2 weeks ago||soccer|
|2 months ago||moshe-hogeg|
|2 months ago||regulatory-sandbox|
|5 months ago||bitfract|
Stay on top of Altcoins and ICO trends.
Subscribe to our free Weekly Cryptomarket report
Delivered once a week, strongly to your inbox.Subscribe to our mailing list
August 20, 2018
Following the statement by Saudi Arabia declaring cryptocurrency illegal, the largest crypto exchange in the Middle East and North Africa is working with regulators across the region to develop crypto regulations. Bitoasis confirmed its platform is unaffected by the Saudi Arabian crypto...From: Kevin Helms
Leading cryptocurrency exchange Binance has announced the launch of its new market intelligence app in beta. The mobile tracker is available for Android and iOS. Also in The Daily, an IT company offers a platform to build a crypto exchange in just two weeks, Shariah compliant trading platform...From: Lubomir Tassev
This is a paid press release, which contains forward looking statements, and should be treated as advertising or promotional material. Bitcoin.com does not endorse nor support this product/service. Bitcoin.com is not responsible for or liable for any content, accuracy or quality within the press...From: Bitcoin.com PR
Three Japanese public companies have individually made announcements regarding their cryptocurrency operations. Forside has grown its mining operation with a plan to sell 7nm bitcoin mining rigs. Farsteps is planning a Singapore exchange launch. Meanwhile, Line Corp, the operator of...From: Kevin Helms
In the summer of 2017, rising cryptocurrency prices led to a run on high performance graphics cards. Coveted cards with a high hashrate were snapped up like proverbial hot cakes, leaving gamers, scientific researchers, and anyone else who relied on flagship GPUs priced out as the cryptocurrency...From: Kai Sedgwick
August 19, 2018
Three suspects have been detained by Chinese police in connection with an alleged cryptocurrency theft. The supposed hackers stole bitcoin and other digital assets worth an estimated $87 million USD. Authorities say this is the biggest heist of this type in the People’s Republic so far. Also...From: Lubomir Tassev