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World Blockchain Summit Series 2018 to Kick-Start in Nairobi

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World Blockchain Summit Series

Bengaluru, India: The year of blockchain will start off on a glorious note as the first summit in the yearlong series of events will take place at Intercontinental Hotel – Nairobi, Kenya. The location could not be more apt as the country is one of the first few, not only in Africa, but the world to begin adopting blockchain technology into different sectors and industries as well as departments of the Government. The event will take place on the 22nd and 23rd of March 2018 and is hosted by Trescon.

The decision to host the event at the venue is to show to the world, the developments and journey of Kenya in adopting the disruptive technology into its working sectors.

The nation’s public health sector is in the process of installing and implementing a platform, working on blockchain technology, into all of its public hospitals. It will be used as a hub where sensitive healthcare information can be accessed at any point, easing out the filing processes and delays in the healthcare industry.

The National Transport and Safety Authority (NTSA) of Kenya has adopted a blockchain technology platform that will seamlessly link their revenue agency and their transport authority and in real-time, intimate the authorities on a driver’s licence, registration, and status of insurance.

Fernando Wangila, who serves as the Deputy Director of the National Transport and Safety Authority (NTSA) who said in an interview that “Kenya will lead the way in blockchain implementation and integration into government services. By 2020 and are also focused on nurturing the competencies of our tech-savvy youth in this sector”.

The summit will also shed light on cyptocurrency and its systematic advantages and possible disadvantages that could arise from negligence and ignorance. The market cap of bitcoin has reached 9 billion USD, but the government still shy’s away from taking a definitive stance.

In the field of cryptocurrency, chief data scientist at Strathmore Timothy Oriedo has a pragmatic approach to the bitcoin debate. He recently said that “As an investor, if you want to have this convenience of cryptocurrency, there will be need for all of us who see the potential in this, to push forward in sanctioning this new trade because without security, we would just be in the shark infested waters waiting to be devoured”.

The main highlight of the event is the illustrious panel of speakers, whom will be taking the stage to explain the industrial viability and feasibility of blockchain technology. Speakers like Fernando Wangila, Jack Shaw, Executive Director, of the American Blockchain Council, Richard Kastelein, Founder, Blockchain News and Cryptoassets, Michael Kimani, Chairman of the Blockchain Association of Kenya and Kasirim Nwuke, Chief of New Technologies and Innovation at United Nations Economic Commission for Africa.

The partnership with Trescon is a foundation stone for a push into the future. Mohammed Saleem, CEO of Trescon, has said that “Blockchain technology has established itself as the future financial and operational module for businesses. The ledger based technology is here to disrupt age old management techniques and introduce an era of transparency and smooth functioning. The train to the future has arrived and Trescon has boarded it”.

Another major highlight from the summit that will send the startups into a frenzy is the Regional finals set to take place at Nairobi. Here, startups will take part in a pitch competition where the adjudged winner will be flown to San Francisco to take part in the Finals and stand a chance to win 1 million USD and the title of best startup idea!

To book your spot at the summit or know more about it, visit: https://www.worldblockchainsummit.com/

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BITBOX Exchange Adds TRON (TRX) as LINE Expands Cryptocurrency Businesses

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BITBOX Exchange

TOKYO – August 15, 2018 – LINE Corporation announced today that it has added TRON (TRX) to BITBOX, LINE’s recently launched cryptocurrency exchange. TRON (TRX), a global decentralized blockchain platform, is the first coin project to pass the review process by the BITBOX open-listing committee.

The open-listing committee and review process is part of BITBOX’s principle that all projects in the cryptocurrency community deserve an equal opportunity to be listed on the exchange. BITBOX is now accepting applications from other coin projects that want to join the exchange and that are prepared to undergo a thorough evaluation process. 

The listing of TRON (TRX) – available for trading now on BITBOX – also shows LINE’s continuing commitment to diversifying its customers’ coin options and developing its cryptocurrency exchange business. As a user-centered exchange, BITBOX is focused on expanding the range of options available for its customers, while also providing efficient and secure cryptocurrency services.

In addition, to celebrate TRON’s listing on BITBOX, 9 million TRON coins will be airdropped to users on BITBOX, in a promotional event running until August 22. 

Tron

TRON is dedicated to building the infrastructure for a truly decentralized internet. Since its successful Testnet launch in March 2018, TRON has followed with a series of achievements, including Mainnet launch in May, network independence in June, and testnet virtual machine launch on Testnet in July. That same month, TRON acquired BitTorrent, a pioneer in the decentralized services.

“Integrating TRON (TRX) with BITBOX will enable us to connect with the world’s fastest-growing blockchain project,” said Youngsu Ko, CEO of LINE Tech Plus, LINE’s Singapore-based subsidiary that operates BITBOX. “TRON has a solid tech platform, especially now it has joined forces with BitTorrent. We look forward to building a strategic partnership with TRON and offering our users the best experience available in the cryptocurrency space.”

“We are very excited to partner with LINE on their launch into the cryptocurrency space,” said Justin Sun, founder and CEO of TRON. “We will use our expertise in the industry to help LINE provide fast and secure cutting-edge crypto exchange services. By joining this vibrant project, we aim to reach a broader audience, extend our services to mobile, and connect the dots with our other products, which have more than 100 million users (BitTorrent, Peiwo, etc.). We are looking forward to working further with LINE on more product integration.”

Token venture fund launched by unblock corporation

In another measure to develop a blockchain startup ecosystem, LINE’s subsidiary unblock corporation recently established “unblock ventures ltd.,” a corporate token venture fund. Unblock ventures focuses on token investments and has a capital commitment of USD10 million, made by LVC Corporation (another LINE group company). Additionally, unblock ventures token fund is expected to expand in the future, according to the growth of the blockchain market.

By launching this new corporate token fund, LINE is aiming to boost the development and adoption of cryptocurrencies and blockchain technology. As such, LINE is one of the first publicly traded corporations to formalize token investments through a corporate fund.

■unblock ventures ltd. Overview

·       Name: unblock ventures ltd.

·       Representative: Heewoo Lee, CEO

·       Location of incorporation: Hong Kong

·       Established: July 2018

·       Sole investor: LVC Corporation

·       Fund management: unblock ventures ltd.

·       Investment type: Token Venture Fund

·       Investment areas: Blockchain startups

·       Capital commitment: USD10,000,000 

About LINE Corporation

Based in Japan, LINE Corporation (NYSE:LN/TSE:3938) is dedicated to the mission of “Closing the Distance,” bringing together information, services and people. The LINE messaging app launched in June 2011 and since then has grown into a diverse, global ecosystem that includes AI technology, fintech and more.

About unblock corporation

Based in Korea, unblock corporation is a subsidiary of LINE Plus Corporation, specializing in blockchain technology. Since its launch in April 2018, the company has been tasked with designing a token economy, performing market research on cryptocurrencies, and developing an accelerator program.

Media Inquiries

LINE Global PR: dl_gpr@linecorp.com

*Readers should do their own due diligence before taking any actions related to the promoted company, product or service. BitcoinAfrica.io is not responsible, directly or indirectly, for any loss or damage caused by or in connection with the use of or reliance on any content, product or service mentioned in this press release.*

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Crypto Exchange Coinmate.io Pays Traders to Trade

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Coinmate.io
Image by Coinmate.io

European crypto exchange, Coinmate.io, has introduced negative fees for high-volume traders.

Customers who have a monthly trading volume of €3,000,000 (three million euros), will automatically be paid 0.05 percent on further trades if they are on the ‘market maker’ side of the transaction.

Roman Valihrach, CEO of Coinmate, says: “I believe that negative fees are a world first among cryptocurrency exchanges. The trend has always been to lower costs as the market matures and Coinmate.io continues to lead the way with lower fees. Crypto trading markets are growing massively and big players have realised they need to step in or miss out. With negative fees we hope to attract more high-volume institutional traders to our platform.”

Olga Bersheva, communications director, Coinmate, explains: “At first glance, the economics of negative fees would seem contradictory for a crypto exchange. But ‘market maker’ transactions have lower fees because they breathe life into the market by improving liquidity. We justify paying customers to trade because we want to reward those who trade more and drive the market forward.”

“Coinmate, of course, still gets paid by the ‘market taker’ side of the transaction, although those fees are on the very low end of the scale and also decrease with volume,” she added.

Coinmate.ioPaying traders to trade as part of the normal fee structure is a groundbreaking culmination of fierce competition among exchanges.

*Readers should do their own due diligence before taking any actions related to the promoted company, product or service. BitcoinAfrica.io is not responsible, directly or indirectly, for any loss or damage caused by or in connection with the use of or reliance on any content, product or service mentioned in this press release.*

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#SurfingTheBlock Event to be Held in Durban, South Africa on 30 August 2018

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#SurfingTheBlock

Durban After capacity events in Johannesburg and Cape Town, the Blockchain Entrepreneurs Club South Africa (BECSA) continues its nationwide tour by bringing you another great event in Durban! We’re thrilled to invite you to #SurfingTheBlock, an evening of presentations and networking aimed at all levels of knowledge encompassing blockchain and entrepreneurship. Hear from practitioners, visionaries, and entrepreneurs from the local blockchain ecosystem to understand how this technology works, how it’s being applied to local businesses and what the future will bring.

Sponsored by RMB Foundery and Blink, and in partnership with Festive Collective, any profits from this event will be donated to our chosen impact hero, Molo Mhlaba.

Not in Durban on the 30th? Don’t worry, we’ve got you covered.

BECSA is hosting a series of in-person and online events in celebration of Women’s month:

We look forward to seeing you at #SurfingTheBlock on Aug 30th at FNB Acacia House, Durban. For more information about the event, visit http://qkt.io/surfing-the-block (Early bird tickets on sale now!)

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BECSA

About BECSA: BECSA serves as a destination for those interested in learning about all things related to blockchain and cryptocurrency. It creates a space for the public and entrepreneurs, from diverse backgrounds, to learn, network and grow the blockchain ecosystem in South Africa.

For more information, contact info@blinktech.io

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