Author Archives: Startup365

About Startup365

Chaque jour nous vous présenterons une nouvelle Startup française ! Notre pays regorge de talents et d'entrepreneurs brillants ! Alors partons à la découverte des meilleures startup françaises ! Certaines d'entre elles sont dans une étape essentielle dans la vie d'une startup : la recherche de financement, notamment par le financement participatif (ou crowdfunding en anglais). Alors participez à cette grande aventure en leur faisant une petite donation ! Les startups françaises ont besoin de vous !

#Blockchain PR: trade.io Enables Purchase of Cryptocurrencies With USD and EUR

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trade.io Enables Purchase of Cryptocurrencies With USD and EUR

This is a paid press release, which contains forward looking statements, and should be treated as advertising or promotional material. Bitcoin.com is not responsible for or liable for any content, accuracy or quality within the press release.

Monday, February the 4th, 2019, Hong Kong, Crypto exchange trade.io has announced a partnership with payment processor Simplex, enabling clients to purchase a range of popular cryptocurrencies by credit or debit card.

Initially, the solution will support the purchase of Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), & Bitcoin Cash (BCH) with USD or EUR. Management of trade.io have also confirmed that more coins and currencies will be added for purchase at a later stage.

This partnership with Simplex, a leading EU-licensed payment services provider, provides a regulated and secure framework through which trade.io’s client base can easily and conveniently invest or trade in cryptocurrencies.

With this move, trade.io demonstrably provides its support to investors of traditional financial instruments who wish to access the cryptocurrency industry – an industry notorious for its high barriers of entry and complicated onboarding processes.

William Heyn, CEO of trade.io commented: “It’s no secret that newcomers to the crypto world are hindered by complicated onboarding processes. Through this partnership, we aim to simplify unnecessarily difficult transactions, thereby throwing open the doors to crypto newbies whilst providing added value to our existing client base.”

This introduction of fiat purchases, drastically minimizes any obstacles presented to current and potential clients on the trade.io exchange, making the company a one-stop-shop for purchasing and trading crypto.

“Since foundation, Simplex has worked with leading exchanges to make mainstream entry to the crypto world simpler. Our fraud-free payment processing solution provides crypto merchants with a risk-free way to accept credit and debit cards, making the payment process seamless and familiar for mainstream” said Nimrod Lehavi, CEO and Co-Founder of Simplex, adding that “doing so will make it easier for mainstream users to enter the crypto world, growing the industry and transforming the financial space.”

About trade.io
trade.io is a next-generation financial institution based on blockchain technology, comprised
of its Exchange, Consulting Services, Incubator and Liquidity Pool which allows holders of its
utility token “TIOx” the ability to participate in the growth of the company. By leveraging
decades of experience in the investment banking, trading, fintech and compliance and
combining them with the power and transparency of the distributed ledger, trade.io has
created a truly unique platform built to grow and adapt as the blockchain industry continues
to mature.

About Simplex:

Simplex is a FinTech company providing guaranteed fraudless payment processing solutions. Simplex processes credit card payments with a 100% zero fraud guarantee – in case of a chargeback, the merchant gets paid by Simplex. The cutting-edge Simplex fraud prevention solution and proprietary state-of-the-art AI technology stops fraudulent transactions and allows more legitimate ones to complete payments with ease and speed while increasing conversion rates and enabling merchants to focus on their business growth.

Simplex’s HQ is located in Israel, with subsidiaries in the UK, US, and Lithuania. Simplex was founded in 2014, and today works with some of the largest crypto exchanges, wallets, and platforms.

Contact Email Address
support@trade.io

Supporting Link
https://trade.io/

This is a paid press release. Readers should do their own due diligence before taking any actions related to the promoted company or any of its affiliates or services. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release.

The post PR: trade.io Enables Purchase of Cryptocurrencies With USD and EUR appeared first on Bitcoin News.

from Bitcoin News http://bit.ly/2UDXQXF PR: trade.io Enables Purchase of Cryptocurrencies With USD and EUR

#Blockchain PR: trade.io Enables Purchase of Cryptocurrencies With USD and EUR

Posted on by

trade.io Enables Purchase of Cryptocurrencies With USD and EUR

This is a paid press release, which contains forward looking statements, and should be treated as advertising or promotional material. Bitcoin.com is not responsible for or liable for any content, accuracy or quality within the press release.

Monday, February the 4th, 2019, Hong Kong, Crypto exchange trade.io has announced a partnership with payment processor Simplex, enabling clients to purchase a range of popular cryptocurrencies by credit or debit card.

Initially, the solution will support the purchase of Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), & Bitcoin Cash (BCH) with USD or EUR. Management of trade.io have also confirmed that more coins and currencies will be added for purchase at a later stage.

This partnership with Simplex, a leading EU-licensed payment services provider, provides a regulated and secure framework through which trade.io’s client base can easily and conveniently invest or trade in cryptocurrencies.

With this move, trade.io demonstrably provides its support to investors of traditional financial instruments who wish to access the cryptocurrency industry – an industry notorious for its high barriers of entry and complicated onboarding processes.

William Heyn, CEO of trade.io commented: “It’s no secret that newcomers to the crypto world are hindered by complicated onboarding processes. Through this partnership, we aim to simplify unnecessarily difficult transactions, thereby throwing open the doors to crypto newbies whilst providing added value to our existing client base.”

This introduction of fiat purchases, drastically minimizes any obstacles presented to current and potential clients on the trade.io exchange, making the company a one-stop-shop for purchasing and trading crypto.

“Since foundation, Simplex has worked with leading exchanges to make mainstream entry to the crypto world simpler. Our fraud-free payment processing solution provides crypto merchants with a risk-free way to accept credit and debit cards, making the payment process seamless and familiar for mainstream” said Nimrod Lehavi, CEO and Co-Founder of Simplex, adding that “doing so will make it easier for mainstream users to enter the crypto world, growing the industry and transforming the financial space.”

About trade.io
trade.io is a next-generation financial institution based on blockchain technology, comprised
of its Exchange, Consulting Services, Incubator and Liquidity Pool which allows holders of its
utility token “TIOx” the ability to participate in the growth of the company. By leveraging
decades of experience in the investment banking, trading, fintech and compliance and
combining them with the power and transparency of the distributed ledger, trade.io has
created a truly unique platform built to grow and adapt as the blockchain industry continues
to mature.

About Simplex:

Simplex is a FinTech company providing guaranteed fraudless payment processing solutions. Simplex processes credit card payments with a 100% zero fraud guarantee – in case of a chargeback, the merchant gets paid by Simplex. The cutting-edge Simplex fraud prevention solution and proprietary state-of-the-art AI technology stops fraudulent transactions and allows more legitimate ones to complete payments with ease and speed while increasing conversion rates and enabling merchants to focus on their business growth.

Simplex’s HQ is located in Israel, with subsidiaries in the UK, US, and Lithuania. Simplex was founded in 2014, and today works with some of the largest crypto exchanges, wallets, and platforms.

Contact Email Address
support@trade.io

Supporting Link
https://trade.io/

This is a paid press release. Readers should do their own due diligence before taking any actions related to the promoted company or any of its affiliates or services. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release.

The post PR: trade.io Enables Purchase of Cryptocurrencies With USD and EUR appeared first on Bitcoin News.

from Bitcoin News http://bit.ly/2UDXQXF PR: trade.io Enables Purchase of Cryptocurrencies With USD and EUR

#Blockchain PR: trade.io Enables Purchase of Cryptocurrencies With USD and EUR

Posted on by

trade.io Enables Purchase of Cryptocurrencies With USD and EUR

This is a paid press release, which contains forward looking statements, and should be treated as advertising or promotional material. Bitcoin.com is not responsible for or liable for any content, accuracy or quality within the press release.

Monday, February the 4th, 2019, Hong Kong, Crypto exchange trade.io has announced a partnership with payment processor Simplex, enabling clients to purchase a range of popular cryptocurrencies by credit or debit card.

Initially, the solution will support the purchase of Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), & Bitcoin Cash (BCH) with USD or EUR. Management of trade.io have also confirmed that more coins and currencies will be added for purchase at a later stage.

This partnership with Simplex, a leading EU-licensed payment services provider, provides a regulated and secure framework through which trade.io’s client base can easily and conveniently invest or trade in cryptocurrencies.

With this move, trade.io demonstrably provides its support to investors of traditional financial instruments who wish to access the cryptocurrency industry – an industry notorious for its high barriers of entry and complicated onboarding processes.

William Heyn, CEO of trade.io commented: “It’s no secret that newcomers to the crypto world are hindered by complicated onboarding processes. Through this partnership, we aim to simplify unnecessarily difficult transactions, thereby throwing open the doors to crypto newbies whilst providing added value to our existing client base.”

This introduction of fiat purchases, drastically minimizes any obstacles presented to current and potential clients on the trade.io exchange, making the company a one-stop-shop for purchasing and trading crypto.

“Since foundation, Simplex has worked with leading exchanges to make mainstream entry to the crypto world simpler. Our fraud-free payment processing solution provides crypto merchants with a risk-free way to accept credit and debit cards, making the payment process seamless and familiar for mainstream” said Nimrod Lehavi, CEO and Co-Founder of Simplex, adding that “doing so will make it easier for mainstream users to enter the crypto world, growing the industry and transforming the financial space.”

About trade.io
trade.io is a next-generation financial institution based on blockchain technology, comprised
of its Exchange, Consulting Services, Incubator and Liquidity Pool which allows holders of its
utility token “TIOx” the ability to participate in the growth of the company. By leveraging
decades of experience in the investment banking, trading, fintech and compliance and
combining them with the power and transparency of the distributed ledger, trade.io has
created a truly unique platform built to grow and adapt as the blockchain industry continues
to mature.

About Simplex:

Simplex is a FinTech company providing guaranteed fraudless payment processing solutions. Simplex processes credit card payments with a 100% zero fraud guarantee – in case of a chargeback, the merchant gets paid by Simplex. The cutting-edge Simplex fraud prevention solution and proprietary state-of-the-art AI technology stops fraudulent transactions and allows more legitimate ones to complete payments with ease and speed while increasing conversion rates and enabling merchants to focus on their business growth.

Simplex’s HQ is located in Israel, with subsidiaries in the UK, US, and Lithuania. Simplex was founded in 2014, and today works with some of the largest crypto exchanges, wallets, and platforms.

Contact Email Address
support@trade.io

Supporting Link
https://trade.io/

This is a paid press release. Readers should do their own due diligence before taking any actions related to the promoted company or any of its affiliates or services. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release.

The post PR: trade.io Enables Purchase of Cryptocurrencies With USD and EUR appeared first on Bitcoin News.

from Bitcoin News http://bit.ly/2UDXQXF PR: trade.io Enables Purchase of Cryptocurrencies With USD and EUR

#Blockchain PR: trade.io Enables Purchase of Cryptocurrencies With USD and EUR

Posted on by

trade.io Enables Purchase of Cryptocurrencies With USD and EUR

This is a paid press release, which contains forward looking statements, and should be treated as advertising or promotional material. Bitcoin.com is not responsible for or liable for any content, accuracy or quality within the press release.

Monday, February the 4th, 2019, Hong Kong, Crypto exchange trade.io has announced a partnership with payment processor Simplex, enabling clients to purchase a range of popular cryptocurrencies by credit or debit card.

Initially, the solution will support the purchase of Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), & Bitcoin Cash (BCH) with USD or EUR. Management of trade.io have also confirmed that more coins and currencies will be added for purchase at a later stage.

This partnership with Simplex, a leading EU-licensed payment services provider, provides a regulated and secure framework through which trade.io’s client base can easily and conveniently invest or trade in cryptocurrencies.

With this move, trade.io demonstrably provides its support to investors of traditional financial instruments who wish to access the cryptocurrency industry – an industry notorious for its high barriers of entry and complicated onboarding processes.

William Heyn, CEO of trade.io commented: “It’s no secret that newcomers to the crypto world are hindered by complicated onboarding processes. Through this partnership, we aim to simplify unnecessarily difficult transactions, thereby throwing open the doors to crypto newbies whilst providing added value to our existing client base.”

This introduction of fiat purchases, drastically minimizes any obstacles presented to current and potential clients on the trade.io exchange, making the company a one-stop-shop for purchasing and trading crypto.

“Since foundation, Simplex has worked with leading exchanges to make mainstream entry to the crypto world simpler. Our fraud-free payment processing solution provides crypto merchants with a risk-free way to accept credit and debit cards, making the payment process seamless and familiar for mainstream” said Nimrod Lehavi, CEO and Co-Founder of Simplex, adding that “doing so will make it easier for mainstream users to enter the crypto world, growing the industry and transforming the financial space.”

About trade.io
trade.io is a next-generation financial institution based on blockchain technology, comprised
of its Exchange, Consulting Services, Incubator and Liquidity Pool which allows holders of its
utility token “TIOx” the ability to participate in the growth of the company. By leveraging
decades of experience in the investment banking, trading, fintech and compliance and
combining them with the power and transparency of the distributed ledger, trade.io has
created a truly unique platform built to grow and adapt as the blockchain industry continues
to mature.

About Simplex:

Simplex is a FinTech company providing guaranteed fraudless payment processing solutions. Simplex processes credit card payments with a 100% zero fraud guarantee – in case of a chargeback, the merchant gets paid by Simplex. The cutting-edge Simplex fraud prevention solution and proprietary state-of-the-art AI technology stops fraudulent transactions and allows more legitimate ones to complete payments with ease and speed while increasing conversion rates and enabling merchants to focus on their business growth.

Simplex’s HQ is located in Israel, with subsidiaries in the UK, US, and Lithuania. Simplex was founded in 2014, and today works with some of the largest crypto exchanges, wallets, and platforms.

Contact Email Address
support@trade.io

Supporting Link
https://trade.io/

This is a paid press release. Readers should do their own due diligence before taking any actions related to the promoted company or any of its affiliates or services. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release.

The post PR: trade.io Enables Purchase of Cryptocurrencies With USD and EUR appeared first on Bitcoin News.

from Bitcoin News http://bit.ly/2UDXQXF PR: trade.io Enables Purchase of Cryptocurrencies With USD and EUR

#USA Workplace messaging platform Slack has confidentially filed to go public

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Slack, the provider of workplace communication and collaboration tools, has submitted paperwork with the Securities and Exchange Commission to go public later this year, the company announced on Monday.

This is its first concrete step toward becoming a publicly-listed company, five years after it launched.

Headquartered in San Francisco, Slack has raised more than $1 billion in venture capital investment, including a $427 million funding round in August. The round valued the business at $7.1 billion, cementing its position as one of the most valuable privately-held businesses in the U.S.

The company counted 10 million daily active users around the world and 85,000 paying users as of January 2019.

Slack’s investors include SoftBank’s Vision Fund, Dragoneer Investment Group, General Atlantic, T. Rowe Price Associates, Wellington Management, Baillie Gifford, Social Capital and IVP, as well as early investors Accel and Andreessen Horowitz.

Slack is one of several tech unicorns on deck to go public this year. Uber and Lyft have both similarly filed confidentially to go public in what are expected to be traditional initial public offerings. Slack, however, is expected to pursue a direct listing, following in Spotify’s footsteps. Instead of issuing new shares, Slack will sell existing shares held by insiders, employees and investors directly to the market, a move that will allow it to bypass a roadshow and some of Wall Street’s exorbitant IPO fees.

TechCrunch Conversations: Direct listings

from Startups – TechCrunch https://tcrn.ch/2Sri1dQ

#USA Aurora Solar’s computer-generated installation maps pull in a $20M Series A

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Solar installations are becoming a no-brainer for anyone with a roof in much of the country. But getting an estimate on how much it would cost and how much juice it would generate can be complicated and time consuming. Aurora Solar has made an automated process for doing this, and attracted $20 million in funding as a result.

A big part of the uncertainty anyone has about getting solar installed is the upfront cost and return on investment. An on-site visit may cost hundreds, or thousands for a commercial property, or that cost may be rolled up into the overall charge. But why send someone out when all the data you need can be acquired in bulk from the air?

Aurora uses lidar data for this — but not the kind of lidar where you have to fly a drone with the instrument over the house. That would hardly be less expensive and time-consuming than a normal visit. Instead they use lidar collected by small aircraft making low-altitude passes over the city.

The resulting data (you can see it above) produces detailed 3D models of the terrain and all the buildings on it; the exact size and slope of a roof can be determined with high precision. It’s actually similar in a way to how archaeologists used it to map out an ancient Mayan metropolis.

How aerial lidar illuminated a Mayan megalopolis

There are some programs and services out there that do virtual site visits, but many just estimate your roof area and orientation by looking at satellite imagery. That’s good for a basic estimate, but Aurora uses multiple sources of data to create a detailed 3D map of your roof, and its proud of its results.

“From the get go, we have been very ambitious about the way we address the problem, probably since we faced same issues our clients face ourselves,” said co-founder Christopher Hopper in an email to TechCrunch. That would have been in 2012, when he and co-founder Samuel Adeyemo experienced significant friction with a solar install in East Africa. The installation itself was a snap, they found, but the planning and design of the system took months.

“Aurora pioneered the concept of ‘remote site visits,’ which enables solar installers to precisely calculate how many solar panels fit on a property, and how much energy they produce without traveling to the site,” Hopper said. “We have a large dataset of LIDAR data pre-loaded in the application that’s accessible to our users. We estimate that that covers about 2/3 of the US population.”

This and other data lets Aurora create a detailed CAD model of the building in just a few minutes, and generate a basic plan for solar cell placement as well that accounts for slope, exposure, and any shade-producing obstacles like chimneys or trees nearby. (Shade reports are usually done in person, and are necessary to receive certain rebates.)

From there users can go straight into the sales and financing process, even including line diagrams for the electrical system you’ll be building. And theoretically it could all take under an hour, which is probably how much time you’d spend on the phone trying to get a local solar installer to come out.

The A round was led by Energize Ventures, whose managing director Amy Francetic will be joining the board, with S28 and seed investor Pear also contributing.

Once nice thing about companies relying on data and automation: they scale well. So Aurora won’t need to buy a thousand new trucks to get its next few thousand customers — it needs to hire engineers, sales and support people, which is exactly what it plans to do.

“We expect to expand all of the functions in our organization,” said Hopper. “We are particularly excited about all of the things we can do on the product side and in customer success. And finally, this funding means that we are here to stay. For companies [i.e. Aurora’s clients] that rely on a software provider for their day-to-day operations this is important factor.”

Adeyemo notes in the press release announcing the funding that “the solar professional” is the “fastest growing occupation in the U.S.” Hopefully making things easier for the customer will keep it that way for a while.

Disclosure: Former TechCruncher Rahul Nihalani now works for Aurora. Rahul’s great, but this does not affect our coverage.

from Startups – TechCrunch https://tcrn.ch/2DaXqAX

#USA Productboard raises further $10M for its product management system

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Productboard, the San Francisco and Prague-based startup that offers product management software, has raised $10 million in further funding, adding to its Series A in July last year. The round is led by Index Ventures, and sees Index General Partner Jan Hammer joining the board.

Also participating is previous backers Kleiner Perkins, Credo Ventures, Rockaway Capital, and Reflex Capital. It brings total funding for Productboard to $19.7 million, while I understand from sources that the company’s valuation increased three-fold since the A round and is “close to a 9-digit figure”.

Founded in 2014 by Hubert Palan and Daniel Hejl, Productboard has developed a “product management system” to help companies deliver better experiences for customers, faster. Specifically, the cloud software is designed to bridge the gap between customer feedback and feature requests and a company’s product roadmap, thus doing away with the use of desperate tools such as chat apps, email, spreadsheets and Powerpoint.

More broadly, the former Startup Battlefield company fits into and is helping to drive the trend that is seeing winning companies understand they need to become “product-first,” as a new generation of consumers set a much higher bar in terms of product experiences and future expectations.

“As competition in the digital space heats up, it takes only a couple of years for a great new product to dominate the market, [and] companies realize that their only way of survival is to deliver the right products to market faster than others,” Productboard co-founder and CEO Hubert Palan tells me. “That is why Product management has been increasingly critical and growing role. What was once a job based on simply gathering customer requirements to send to engineering teams has become a much more strategic role, gaining more influence in the C-suite”.

However, in spite of the growing importance of product management — from startups to much larger enterprises — Palan says there hasn’t before existed a dedicated system for product teams to ensure that they’re building the right products. While sales people have Salesforce and marketers have Marketo, he says product managers have traditionally had to use an assortment of Powerpoint, email, Post-It Notes, Slack, and “many other generic task management and engineering tools,” which aren’t really up to the job.

Productboard draws from the so-called “Product Excellence” framework, an approach to product management that emphasizes getting the right products to market faster through “deep user insight, a clear product strategy, and coherent roadmap”. The online software wants serve as the system of record — or “single source of truth” — for all customer insights, strategy, and roadmaps in order to help align everyone on what to build next.

Product managers can capture all of their feature ideas organized by user need or product area. Different feature ideas can be prioritised based on objectives, an auto-calculated “User Impact Score,” and other criteria.

Next product managers can consolidate all ideas, requests, and feedback from various channels, such as Intercom, Zendesk, email, Slack, surveys, CRM systems, NPS tools, etc. into a single repository for user insights. They can also import user research and submit notes from meetings with prospects and customers.

Finally, Palan says they’re able to rally everyone around their plans by creating interactive roadmaps. “They can share different versions with different audiences, and all roadmap versions automatically update as plans evolve,’ he explains. Productboard also integrates with engineering task management systems such as JIRA, PivotalTracker, GitHub, and Trello to support communication between product management and engineering teams.

“Our customers span a broad range of categories and industries including SaaS solutions, e-commerce platforms, medical device manufacturers, academic journals, news outlets, book publishers, on-demand services, and brick and mortar stores transitioning to digital storefronts,” adds Palan.

“Our main users are product management teams encompassing everyone from associate product managers to Chief Product Officers. Many of our users are also user researchers, designers, product marketers, project managers and similar roles, who may not have the title of Product Manager, but lead their company’s efforts to deliver the right products for their customers”.

To that end, Productboard claims 1,600 customers. They include UiPath, Envoy, MetroMile, Houzz, Macmillan, Unity, Twilio, SproutSocial, Avast, BambooHR, and many others.

from Startups – TechCrunch https://tcrn.ch/2Ss0aDz

#Blockchain Mt. Gox Restitution Process Frozen Due to One Man’s $16B Claim

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On Jan. 31, Mt. Gox victims were enraged to hear that the founder of Coinlab, Peter Vessenes, is still causing problems for the former exchange’s rehabilitation process. According to information published by public attorney Daniel Kelman, Coinlab filed a claim for ¥1.7 trillion yen (US$16 billion) which is over and above every claimant’s filing.

Also read: Markets Update: Traders Patiently Wait for Crypto’s Longest Bear Run to End

Coinlab’s Mt. Gox Claim Stands at Over $16 Billion

The infamous Mt. Gox breach was one of the biggest cryptocurrency exchange hacks of all time. Over the last four years, the trading platform’s customers who lost money have been trying to get restitution from the 200,000 BTC found later after the initial breach. There have been many bankruptcy proceedings and dealings with the court trustee in Tokyo. The case has also transformed into a civil rehabilitation process. Throughout this period, there’s been one stick in the mud that’s made the Mt. Gox restitution take much longer than it ought – Coinlab.

The company could now further extend and entirely disrupt the process of distribution to Mt. Gox creditors. Coinlab is a firm operated by the former Bitcoin Foundation Chair Peter Vessenes. Public documents from Tokyo given to our newsdesk indicate that Coinlab is claiming ¥1.7 trillion yen (US$16 billion at press time) in damages from Mt. Gox. The Coinlab claim eclipses all other creditors by a long shot and if it is successful then the other claimants could be left with nothing.

Mt. Gox Restitution Process Frozen Due to One Man's $16B Claim
Documents from the Mt Gox claim filed in Tokyo. Coinlab wants $16 billion for “Breach of license agreement.”

In 2012, Coinlab made a deal with Mark Karpeles which supposedly gave the company the rights to both U.S. and Canadian Mt. Gox customers. Coinlab couldn’t get licensure to operate in those countries, however, and these parts of the bargain ultimately fell through. After things went sour, Coinlab sued Mt. Gox for breach of contract in May 2013 for the sum of $75 million. According to multiple sources who have been relentlessly following the case in Japan, including former Mt. Gox CEO Mark Karpeles, Coinlab’s lawsuit has made it worse for every creditor involved. Back in May of 2017, Karpeles wrote an open letter to Peter Vessenes and Coinlab in the hope of convincing him to settle the case for $5 million.

“This lawsuit today is not Coinlab vs. Mt. Gox, but CoinLab vs. the Mt. Gox customers, now creditors, who have done nothing to deserve being involved in this,” explained Karpeles at the time.

Mt. Gox Restitution Process Frozen Due to One Man's $16B Claim
Peter Vessenes CEO of Coinlab.

Unknown Shareholders and Frozen Restitution Process for Mt. Gox Claimants

A highlighted portion of the ¥1.6 trillion Coinlab filing explains that Vessenes is pursuing the funds for the “fiduciary” interest of Coinlab shareholders. However, according to a source familiar with the matter, letters have been sent to Vessenes asking for a full list of shareholders. This is because skeptics believe there are not many shareholders at all or that the Coinlab CEO is the one and only shareholder. A claim made in such a manner would make upholding fiduciary interest of Coinlab shareholders very difficult in the face of the many customers who have been waiting four years for a small fraction of what they once had. On Jan. 31, Kraken CEO Jesse Powell expressed his disgust at the restitution claim made by Coinlab.

“Unbelievable balls on this guy to hold up payouts to thousands of victims for years with an entirely frivolous claim over a botched partnership attempt,” Powell said to his Twitter followers. “How could you think that your $14B claim should be senior to the actual account holders’?”

The next day Powell further stated:

Why is there not more outrage over this? If this isn’t criminal, it should be. Plaintiff’s lawyers ought to be sanctioned.

One of the founding members of the B Foundation, Alena Vranova, responded to Powell’s tweet and said, “Oh wow — I see why some folks developed an allergic reaction to the word foundation — Interesting “character” this Peter.” Vessenes has also been tagged on Twitter about the huge claim, but has yet to respond. Sources familiar with the matter also told news.Bitcoin.com back in Sept. 2017 that Coinlab doesn’t want to settle and wants the case to be brought to the U.S., which could drag the claim process out for another few years. Last month, the trustee of the now-defunct Mt. Gox and its funds, Nobuaki Kobayashi, detailed the civil rehabilitation claims may be extended further.

What do you think about the Mt. Gox claim for $16 billion made by Coinlab? Let us know what you think about this subject in the comments section below.

Image credits: Shutterstock, Marvel Studios (MCU), and Pixabay.

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 Mt. Gox Restitution Process Frozen Due to One Man’s $16B Claim appeared first on Bitcoin News.

from Bitcoin News http://bit.ly/2MMi3b5 Mt. Gox Restitution Process Frozen Due to One Man’s $16B Claim

#USA Crypto exchange Kraken acquires Crypto Facilities

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Cryptocurrency exchange Kraken just closed its biggest acquisition to date. The company is buying Crypto Facilities in a nine-figure deal.

Crypto Facilities is an exchange and index provider regulated by the Financial Conduct Authority in the U.K. In particular, Crypto Facilities lets you trade futures on multiple cryptocurrency pairs.

Following this acquisition, some Kraken users can now access both spot and futures trading. The company also has an OTC service for large orders. Futures are limited to six pairs for now.

Kraken currently has 4 million users who traded the equivalent of $90 billion in 2018. In the past, the company had acquired smaller exchanges, such as Coinsetter, Cavirtex and CleverCoin, as well as Glidera and Cryptowatch. While Coinbase is quite popular in the U.S., Kraken has been popular with European customers. It has a large volume of orders in EUR.

Fortune also reports that Kraken is about to close a $100 million funding round. Instead of raising from traditional VC funds, the company has emailed its most loyal customers for this new funding round.

According to Fortune, this unusual path provides multiple advantages. For instance, the company doesn’t have to register the round with the SEC. Kraken has been working exclusively with accredited investors or foreign investors that are covered by an exemption.

I’d love to see the list of investors, but it’s clear that Kraken wants to stay secretive with this funding round.

from Startups – TechCrunch https://tcrn.ch/2HQ5f4p

#Blockchain Tidbits: Kraken CEO Offers Help in Quadrigacx Case, Iranian Bitcoiner Learns Expensive Lesson

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Jesse Powell Extends Invite to Canadian Police, Iranian Bitcoiner Learns Expensive Lesson

Tidbits is a roundup of talking points from across the cryptosphere. In this edition, Jesse Powell offers to help the Canadian police investigate the supposed death of Quadrigacx CEO Gerald Cotten and the subsequent movement of funds. Also, the r/btc community teaches Iranian redditor Cdaemon how to keep his crypto safe. 

Also read: Canadian Exchange Insolvent After CEO Dies With Keys to $145M of Cryptocurrency

A Helping Hand

Kraken CEO Jesse Powell has offered to work with the Royal Canadian Mounted Police in the investigation of Quadrigacx CEO Gerald Cotten’s supposed death and lost private keys. Powell went on to explain that Kraken knows thousands of wallet addresses that belong to Quadrigacx.

The reactions to Cotten’s demise have been mixed. Some believe the CEO actually died, while others believed he faked his own death. Commentator “I am Nomad” argued that Cotten probably did die, on the basis that death is common in the backwoods of India. However, Powell was dissatisfied with this response and remained suspicious given that Quadrigacx was having problems with fiat and crypto withdrawals in the month leading up to Cotten’s death.

To make the case that Cotten probably faked his own death, Twitter user Ken A posted a video of a person easily buying a fake death certificate in India for just 25,000 rupees or $450. After seeing the video, Powell was amazed at the ease of getting an official-looking yet fake death certificate in India.

r/btc Gives Iranian Bitcoiner Advice

On r/btc, Iranian bitcoiner Cdaemon lamented the loss his lifesavings on Bittrex after the exchange froze his account. Cdaemon explained that he left his funds on the exchange because he was unable to purchase hardware wallets to store his cryptocurrency in 2017 due to sanctions against Iran. Prior to using Bittrex and having his account frozen, Cdaemon claimed to have confirmed with Bittrex customer support that Iranians could use their exchange.

Tidbits: Kraken CEO Offers Help in Quadrigacx Case, Iranian Bitcoiner Learns Expensive LessonWhile many redditors sympathized with Cdaemon, they also questioned why he would keep his cryptocurrency on an exchange and not in his own wallet. One commentator pyalot explained that there are plenty of desktop, mobile and paper wallets for bitcoin. In response, Cdaemon incorrectly argued that these options didn’t exist back in 2017. Pyalot corrected Cdaemon, and then explained the mantra of “not your keys, not your bitcoin.”

Further down the thread, Cdaemon argued that he was unable to access online wallets as they also adhered to U.S. sanction laws back in 2017. In response, commentator Maeler argued that the U.S. has no sanction on wallets and Cdaemon could have easily downloaded and used the Bitcoin.com wallet.

What do you think of the speculation that Gerald Cotten faked his own death? Let us know in the comments below. 

Images courtesy of Shutterstock.

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The post Tidbits: Kraken CEO Offers Help in Quadrigacx Case, Iranian Bitcoiner Learns Expensive Lesson appeared first on Bitcoin News.

from Bitcoin News http://bit.ly/2S9HhGf Tidbits: Kraken CEO Offers Help in Quadrigacx Case, Iranian Bitcoiner Learns Expensive Lesson