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Uganda Set to Host the Africa Blockchain Conference

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Africa Blockchain Conference

May 2, 2018, Kampala, Uganda – On May 23 and 24, the Blockchain Association of Uganda with support from the Government of Uganda, will host the Africa Blockchain Conference at the Kampala Serena Hotel. The conference, which will be held under the theme “The role of Blockchain Technology in Africa’s transformation,” is scheduled to host policymakers, leaders in Industry, academia, youth, entrepreneurs and blockchain enthusiasts.

Blockchain technology is a distributed ledger platform that allows creation and management of decentralized systems and processes, which enhance efficiency and transparency of transactions across institutional or business operations. Blockchain Technology, also described as the ‘technology of trust’ is disrupting and redefining traditional governance and business models across the world from the way information is created, managed and shared to the way products and services are delivered.

While addressing the journalists at the Association offices at the Nakawa Business Park, the Chairman of the Blockchain Association of Uganda, Kwame Rugunda, said he concurs with the recent remarks made by President Yoweri Museveni regarding the need to change Africa’s lag in innovation. While addressing delegates at the World Customs Organization Conference in March 2018, President Museveni told delegates that Africa had largely missed out on the industrial revolution, with the exception of the Iron Age and stressed that Africa was now entering the digital revolution and that “Africa will not miss out again!”

While reiterating these same remarks, Kwame Rugunda, explained that Africa is at the right time to adopt this technology. “We have already seen glimpses into how it is disrupting traditional models in areas such as finance, procurement, insurance, health, identity management, contracts, governance, to mention but a few. Now is the right time to engage with this novel technology, because each wave of technology presents profound opportunity, particularly for the early adopters,” he said.

The Africa Blockchain Conference is aimed at spurring engagement from both the public and private sectors, by sharing understanding as to how it can be adopted and the impact.

The conference will focus on how we can build a blockchain eco-system and position ourselves to be part of global discussions. “Some of the immediate benefits of using blockchain include enhanced efficiencies with greater transparency and accountability in our business and governance systems which are key factors in enabling Uganda to become an investment destination, and catapulting our economic growth” Rugunda noted.

According to Stanbic Bank Head of Information Technology, Herbert Olowo, “Blockchain technology offers lots of benefits to the overall development and transformation of Africa and more importantly of Uganda. At a very high level, it will play a large role in improving operational efficiency both in the private and the public sector.”

The Permanent Secretary at the Ministry of ICT and National Guidance, Vincent Bagiire affirmed that the government is keen on embracing technology innovations. “We are actively engaged in the discussions on blockchain and have collaborated with different stakeholders to ensure we have the right information to advance our agenda as government,” he noted. He added that the government recognizes the growing trends in the technology sector and is positioning itself to be at the forefront so as to take advantage of these opportunities.

The Africa Blockchain Conference will showcase different but relevant use cases in different sectors to demonstrate the value and importance of blockchain technology. The conference will feature key global blockchain stakeholders who will be building a case for the adoption of blockchain technology in Uganda and in Africa. The conference speakers and panelists will come from the host country Uganda, as well as Kenya, Senegal, South Africa, Europe, the United States and Asia. The topics of discussion will include governance, regulation and policy, cryptocurrencies and digital assets, cybersecurity, innovation and technology, risk and investment opportunities among others.

The Africa Blockchain Conference has been enabled by the Ministry of ICT and National Guidance, Stanbic Bank, and Binance Foundation.

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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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