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#Africa SA’s SkillUp Tutors launches online teaching product

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South African ed-tech startup SkillUp Tutors has continued to expand its product offering with the launch of Lessonspace, a collaborative whiteboard for teaching online.

The Cape Town-based SkillUp offers parents and students across South Africa access to thousands of highly skilled and vetted tutors based on grades, subject, location, and budget.

The startup – which in secured a Series A funding round from Knife Capital in April of last year – launched its own coding course in August, and has now followed that up with the launch of Lessonspace. Though it rolled out a similar product for its existing clients last year, this latest release is its international growth venture.

“We’ve been working non-stop trying to find a way to have a large-scale impact in the ed-tech industry. While SkillUp Tutors continues to grow from strength to strength, we knew we needed to focus on Software-as-a-Service if we wanted to scale internationally,” said chief executive officer (CEO) Matthew Henshall.

The Lessonspace is software that makes it easy to teach students one-on-one online.

“At SkillUp Tutors we found that more and more of our students and tutors were asking to have online lessons, we tried some third-party software that just didn’t quite cut it for our clients, so we decided to build our own,” said Henshall.

“We created Lessonspace to meet the needs of tutors and teachers around the world. We’re really focusing on producing the gold standard here, we want to show that South African engineers can compete, and have an impact, on a global scale.”

The post SA’s SkillUp Tutors launches online teaching product appeared first on Disrupt Africa.

from Disrupt Africa http://bit.ly/2RWwezW

#Africa SA ed-tech startup Zelda eyes expansion after raising angel round

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South African ed-tech startup Zelda is looking at expansion to other African countries and Europe on the back of raising an angel round and seeing strong organic uptake.

Founded in 2017, Zelda is a bursary management platform that helps organisations find and filter talented youth to support through university.

The platform combines personality assessments with machine learning to help students make more informed career decisions and improve their chances of success while studying, and helps companies make a positive impact on South African youth while creating a strong pipeline of talent for future hires.

Zelda was launched by Jasanth Moodley, Carla Wilby, and Dominic Schorr, three engineers who met at the University of Cape Town, in response to the growing discourse around university funding and access to higher education.

“We all had our own issues with higher education and decided to try make sure that other students didn’t face the same struggles. We noticed that one of the biggest gaps was the lack of personalised guidance – there are loads of articles on the internet that give advice, but very little that tells you as a students exactly what you’d best be suited to doing. We’re filling that gap,” said Schorr, now the startup’s chief executive officer (CEO).

“So where previously someone would have to fork out a couple of grand to see an educational psychologist and sit for three hours to take a psychometric assessment, we try and make that accessible to everyone. That’s not to say that those services aren’t useful or important, but not everyone can afford it.”

Now everyone can, they are taking advantage of it. Zelda has already had over 500 student downloads, without any marketing at all, and the potential of the platform has been spotted by many. It was accepted into the Injini ed-tech incubator programme essentially upon launching, securing funding and support, and closed its angel round at the end of last year.

“Having grown a tech-heavy team of eight engineers since starting, we’ve predominantly focused on the machine learning and career guidance platform for students,” said Schorr.

“With this latest round of funding Zelda will be focusing on sales and improving our client-facing services, leveraging the experience and networks of our investors.”

The startup has a three-tiered subscription model. Tier one has a zero monthly fee, with a substantial commission on successful placement of applicants, while tiers two and three have greatly reduced commission but higher monthly fees for added features. It is still early days, but Schorr and his team are confident of success, and planning expanding into other markets once they perfect their model in South Africa.

The post SA ed-tech startup Zelda eyes expansion after raising angel round appeared first on Disrupt Africa.

from Disrupt Africa http://bit.ly/2S1nIje

#Blockchain Genesis Capital Processed $1.1B of Cryptocurrency Loans in 2018

Bitcoin Lender Genesis Capital Processed $1.1Bn Digital Asset Loans in 2018

Cryptocurrency lender Genesis Capital provided $500 million worth of digital asset loans in the fourth quarter of 2018 alone, soaring almost 100 percent from six months earlier, when the company started its lending business. Altogether, loans reached $1.11 billion for the whole of last year.

Also read: Iran in Talks With 8 Countries for use of Cryptocurrency in Financial Transactions

Crypto Loans Rose Sharply in Q4 Despite Falling BTC Price

According to the U.S. company’s Q4 Digital Asset Lending Snapshot published Jan. 30, the loans were issued to corporate borrowers such as hedge funds and trading firms mainly in the form of BTC, ETH and other virtual currencies.

The lender said despite the price of BTC falling 44 percent during the review period, it has $153 million in active loans, up $20 million from the previous quarter. That’s thanks largely to institutional investors actively “utilizing spot borrow” between November and December, as well as the launch of a new business line: lending cash for crypto collateral.

Genesis Capital Processed $1.1B of Cryptocurrency Loans in 2018

Fourth quarter loan originations climbed about 100 percent in the last three months of 2018 to more than $500 million, Genesis Capital stated. That compares with Q1 and Q2 originations, which totalled $553 million.

About 75 percent of the total loan portfolio is denominated in bitcoin core, while 0.4 percent comprises bitcoin cash loans. Ethereum borrowing rose sharply between the third and fourth quarters, but still only accounts for 8.1 percent of the company’s loan book.

The decline in BCH-based borrows resulted from the calling of “most of our outstanding loans prior to the hard fork on Nov. 15. Managing forks is a precarious process when lending digital assets,” Genesis said. A few other cryptocurrencies, including XRP and LTC, accounted for the remainder of the loans advanced throughout Q4.

 Investors Borrow to Hedge Investments, Short Cryptocurrencies

The registered over-the-counter digital currency dealer said that borrowers typically use its loans to fund their business operations, hedge derivative investments, or to bet that the price of certain cryptocurrencies will fall.

“Prior to Q4, 98 percent of BTC on loan was used exclusively for hedged use cases such as arbitrage, basis capture, and remittance,” detailed the lender. However the BTC price fell 16 percent in a single day on Nov. 14, prompting “many of the borrowers … [to] leverage the synergies between our lending and trading businesses and shorted directly through Genesis.”

Genesis Capital Processed $1.1B of Cryptocurrency Loans in 2018
Genesis’ asset composition for 2018

Most of the funds that Genesis Capital provides as loans are borrowed from elsewhere at interest rates of between 5 to 7 percent. The company then goes on to charge rates of 10 to 11 percent when it lends, Michael Moro, chief executive officer of Genesis Capital, has previously elaborated.

By the end of December, patterns between loan originations and price movements involving ETH borrowing had started to emerge, even though the currency accounted for a very small fraction of Genesis’ loan book. Short-term borrowing in ETH, mainly due to active hedge funds putting on short positions during waves of volatility in a bear market, increased markedly.

“This indicates a lot of short-term momentum shorting, where borrowers would continue to bet against ETH, even after major declines in price,” said the lender.

Genesis Launches Fiat Currency Lending

Meanwhile, Genesis Capital launched a fiat cash lending business during the last three months of 2018, supposedly in “response to client demand to borrow USD against crypto collateral.”

Genesis Capital Processed $1.1B of Cryptocurrency Loans in 2018

Genesis claims reception to the new operation “has been quite strong”. It said: “Long-term digital currency investors sitting on appreciated assets can borrow against their crypto holdings to get cash liquidity without triggering a taxable event.”

Cryptocurrency loans are emerging as an increasingly viable alternative to borrowing fiat. For example, data from Genesis Capital shows that interest in bitcoin-denominated loans has risen largely on account of the currency’s use as an asset for non-speculative purposes.

What do you think about the cryptocurrency lending business? Let us know in the comments below.


Images courtesy of Shutterstock and Genesis Capital.


Express yourself freely at Bitcoin.com’s user forums. We don’t censor on political grounds. Check forum.Bitcoin.com

The post Genesis Capital Processed $1.1B of Cryptocurrency Loans in 2018 appeared first on Bitcoin News.

from Bitcoin News http://bit.ly/2UqVqeM Genesis Capital Processed $1.1B of Cryptocurrency Loans in 2018

#Asia #China What Corporate VCs Get Wrong About Startups with Andrew Gaule, CEO of Aimava

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One way for startups to grow or even exit is to work with corporates. Are corporates looking for financial return or strategic values while working with startups? For entrepreneurs, what are the challenges and opportunities to have corporates as their shareholders? How do overseas corporates see the chances in China? In this episode, we invited Andrew Gaule who has almost 20 years experience in Corporate Venture Capital (CVC) to analyze both sides of the table and delivered insights and suggestions for corporates and startups.

Show notes:

[1:10] Introducing Andrew Gaule

[4:57] The land of corporate venture capital (CVC)

[7:50] Challenges to have corporates as shareholders

[11:13] The motivation of CVC – financial return and strategic values

[19:15] How to protect startups’ advantages

[21:50] Things that CVC are doing wrong when approaching startups

[24:10] Corporates to think about China

[28:30] How to leverage the innovation in China for the rest of the world

[32:40] Challenges of CVC in China

[38:08] Concerns for startups to work with Chinese investors

[39:24] The impact of Trade War

Many thanks to our host Oscar Ramos, guest Andrew Gaule, editor David and Geep, producer Eva Shi, organizer Chinaccelerator and sponsor People Squared. Be sure to check out our website www.chinaccelerator.com.

If you like us, please give us a 5-star review on the podcast platforms and share with your friends!

Follow us on Linkedin: http://bit.ly/2WqCBdD

Email us: eva.shi@chinastartuppulse.com

from The China Startup Pulse http://bit.ly/2Rt13qT

#Blockchain The Wrapped Bitcoin Project Has Officially Launched on Ethereum

The Wrapped Bitcoin Project Has Officially Launched on Ethereum

On Jan. 30, a group of cryptocurrency developers and organizations officially launched a project called Wrapped Bitcoin (WBTC) on the Ethereum network. The ERC20 token is a coin backed by bitcoin core (BTC) reserves and has started trading on several exchange platforms.

Also read: A Look at Openbazaar’s Multi-Currency Wallet and Vendor Listings

The Introduction of Wrapped Bitcoin

Last October, a joint initiative by Bitgo, Kyber Network, and Ren (formerly Republic Protocol), revealed the creation of a new ERC20 token called WBTC. The new tokens are meant to bring more liquidity into the decentralized ecosystem between both chains, while also enhancing decentralized applications. Wrapped bitcoin (WBTC) is the first ERC20 token backed 1:1 with BTC. The organizations that developed the protocol believe WBTC is the beginning of a multi-institutional framework for tokenizing any asset.

The Wrapped Bitcoin Project Has Officially Launched on Ethereum

“WBTC will allow the Ethereum network to be leveraged to enable new applications and use cases for itcoin — WBTC standardizes itcoin to the ERC20 format, so dapps such as Compound, Dharma, Dydx, Gnosis, Maker, Set protocol and more can leverage bitcoin for decentralized lending, margin trading, and derivative markets,” explain the creators of WBTC.  “Further compelling new applications and use cases will be identified, explored and implemented as the ecosystem continues to grow and actively innovate.”

The Wrapped Bitcoin Project Has Officially Launched on Ethereum

Initially, eight merchants will be facilitating conversion between WBTC and BTC. There is a required Know Your Customer (KYC) process involved with obtaining WBTC through these merchants. Initial merchants dealing with WBTC will include Airswap, Dharma, Ethfinex, Gopax, Kyber Network, Prycto, Ren, and Set Protocol. The developers also say that WBTC will be integral to the development of decentralized exchanges.

“WBTC also makes it possible for traders to use bitcoin value for token trades on decentralized exchanges (DEXs) such as Airswap, Ddex, Ethfinex, Idex, Kyber Swap, Loopring, Radar Relay, Renex, Switcheo Network, and the Ocean,” the WBTC announcement detailed.

The WBTC representatives added:

Wallet providers and exchanges will now be able to reduce overheads with the ability to support multiple currencies while maintaining only the one Ethereum node.

The Wrapped Bitcoin Project Has Officially Launched on Ethereum

Proof of Reserve

The community-backed project is also centralized to a degree by a chosen custodian. Bitgo will hold the keys to mint tokens and the project will be very similar to stablecoin projects that use proof of reserves. The WBTC whitepaper details that there are many cryptocurrency assets and government issued bonds that use the reserve method. “This is the case with tether, trueusd, USDC, digix (gold), globcoin (a mix of fiat currencies), and AAA reserve (governmental bonds),” the whitepaper details. Additionally, the WBTC creators emphasize that the system’s smart contracts have been audited by several reputable third-party audit firms such as Coinspect, Solidified Technologies, and Chainsecurity.

“The first WBTC on the main Ethereum chain have been minted and burnt which can be observed onchain on Ethereum  — The proof of reserve is onchain, which shows the exact 1:1 between minted WBTC tokens and bitcoin stored by the custodians,” the WBTC announcement notes.

The Wrapped Bitcoin Project Has Officially Launched on Ethereum

The WBTC topic has been a hot discussion on social media and forums since the protocol launched. The crypto economy has seen many newly introduced stablecoins and other types of smart assets like RSK Labs’ smart bitcoins, and Blockstream’s federated system Liquid. Besides stablecoins backed by fiat, the Maker protocol has produced a stablecoin called dai that’s bolstered entirely by the backing of collateralized cryptocurrencies. WBTC will add a different flavor to the world of proof of reserve based coins that have entered the economy in the last few years.

What do you think about wrapped bitcoin (WBTC)? Let us know what you think about this subject in the comments section below.


Image credits: Shutterstock, Bitcoin.com, the WBTC website, and white paper.


Want to create your own secure cold storage paper wallet? Check our tools section. 

The post The Wrapped Bitcoin Project Has Officially Launched on Ethereum appeared first on Bitcoin News.

from Bitcoin News http://bit.ly/2GcmYR7 The Wrapped Bitcoin Project Has Officially Launched on Ethereum

#USA Meet the 20 startups in this year’s GCT Startup-in-Residence program

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At the end of last year, Grand Central Tech announced plans to work with the Milstein real estate family to transform a midtown Manhttan high-rise into a tech hub called Company. And startups remain an important part of the mix — in fact, Company is unveiling a list of 20 startups participating in this year’s GCT Startup-in-Residence program.

What does Startup-in-Residence mean? Well, Company CEO Matthew Harrigan said the program will continue to offer what it’s always offered — desk space, as well as access to events and amenities, for a select group of early-stage entrepreneurs. And participants don’t have to give up equity or pay rent.

The deal might seem too good to be true, but Harrigan argued that the startups make Company more appealing to its enterprise tenants: “We are retrofitting this building to look and feel and operate like a brand new building … but the one amenity that cannot be simply rolled out is people.”

He also said the program is only taking up 15,000 square feet of the building’s 150,000 square foot total.

“It sounds like an exceptionally generous offering and it isn’t,” he said. “It sounds like it doesn’t make a ton of business sense but that’s actually wrong … Fifteen thousand square feet of space to great early-stage founders helps establish a truly remarkable program and campus in New York City. Those are resources are well spent.”

In the past, we’ve written about Grand Central Tech as an accelerator program, but Harrigan said, “We weren’t and aren’t an accelerator” — it just used “the nomenclature that’s known.” Now the program is taking on a more fitting name, though it sounds like the operations won’t be changing too dramatically.

“We typically have very sophisticated founding teams, giving them an ideal environment in which to work,” Harrigan said. “By and large, our companies are left to their own devices — we don’t presume to create a curriculum or some series of programming. It’s a somewhat passive approach, but we make sure all people in the community are linked up with each other.”

Also worth noting: This year’s class consists of 40 percent women founders and CEOs, and it covers industries like energy, mental health, e-commerce, biotech, adtech and food.

Here’s a list of the companies, with descriptions provided by Company (and edited by me for clarity and length). We’ve also written about a number of them before, so I’m including links to past coverage when possible.

    • Octave​ ​is a full-stack mental health provider, purpose-built to capitalize on evolving consumer habits and a new wave of interest in the space.
    • Vowel ​is a multi-user enterprise voice platform operating in stealth. The company enables businesses to analyze, manage and drive actionable insights from audio data generated in the workplace/meetings.
    • Nara Organics​ ​is a natural baby food company that is manufacturing the first biodynamic infant formula in the US.
    • Twine Labs​ ​is a workforce analytics platform that’s creating a single source of truth on employee data across various disaggregated internal corporate databases. Data is then benchmarked against industry standards to help Chief People Officers gain vital, previously unavailable perspective.
    • Taskade​ ​is a new workplace collaboration platform that enables more efficient team management and product workflows.
    • Oova​ is a biomedical technology company for women’s health that uses smart connected devices to actively monitor hormone levels and help manage women’s fertility health. The company is a spinout of Mt. Sinai.
    • Summer​ ​is a next-generation student loan management and repayment platform providing users with a comprehensive view of their debt and targeted recommendations on how to alleviate it which evolve based on their current life circumstances.
    • Chartable​ ​is creating a new enterprise adtech and analytics platform for audio. It’s aiming to do something similar to what DoubleClick, AppAnnie, Flurry and others did when apps were first introduced.
    • Particle Health​ ​is creating a new medical record data company, leveraging blockchain technology to enable a single health record tying together previously disparate information from a patient’s various doctors, and yielding valuable data insights in the process.
    • Project OTC ​is a holistic new consumer brand targeting outdated over-the-counter brands and products such as antacids, Vitamin-C/immunity support and headache relief. The company is operating in stealth.

Moved team

  • Moved​ ​is building a new concierge layer on top of the disorganized, disaggregated moving services supply chain. A user calls Moved, shares details and is given a concierge who manages the move and coordinates across all the various service providers, including the landlord or real estate owner.
  • Hydra​ ​is a ​new network of membership-based wellness spaces in metropolitan areas that complements the growth of small format fitness classes and provides its members areas to refresh, regroup and recharge.
  • GoodTalk​ ​is a new consumer app meant to distill and amplify one of primary aspects of social platforms. For example, five experts on a given topic can form a chat thread, which other users of the app can view but not comment on.
  • Otis​ is building a new investment platform to enable distributed ownership in fine art and collectibles.
  • Snackable​ ​uses natural language processing to intelligently digest podcasts into “snackable” 30-60 second moments to enable easier social sharing of podcast content — something which has plagued the burgeoning podcast space.
  • Lolli allows users to receive Bitcoin for their online purchases

  • Lolli​ ​is building a new ecommerce platform that allows customers to accumulate Bitcoin rewards through simple brand and retail purchases by capturing the rebate/coupon value already broadly distributed throughout ecommerce.
  • RaisedByUs​ ​is a nonprofit workplace social good program for companies that already includes Casper, Squarespace, Shutterstock, Seatgeek, Sailthru, Birchbox, MongoDB, DigitalOcean among others. RaisedByUs helps teams do meaningful, team-building, vetted volunteer work easily.
  • Nesterly​ ​i​s a home sharing platform that is working to bring affordable housing to the next generation by allowing senior homeowners to easily rent out their extra space.
  • Bokksu​ ​is a subscription-based food company that curates exclusive artisan snacks in local markets and uses video and written storytelling to detail origin stories through an immersive customer experience.

from Startups – TechCrunch https://tcrn.ch/2UyiZ5D

#Blockchain Currency.com Allows Crypto Traders to Buy Leveraged Equities, Indices and Metals

Currency.com Allows Cryptocurrency Traders to Buy Leveraged Stocks and Metals

The worlds of traditional finance and cryptocurrency have always been divided, for regulatory and technical reasons. Until recently, it was difficult for cryptocurrency traders to gain exposure to stocks and commodities. Currency.com is looking to remedy that through launching the “Bitmex of stocks,” a crypto-friendly platform that promises high leverage and low barriers for entry.

Also read: Wikipedia Now Accepts Bitcoin Cash Donations via Bitpay

Currency.com Launches With 150 Tokenized Assets and Another 10,000 to Come

Currency.com Allows Crypto Traders to Buy Leveraged Equities, Indices and Metals
Ivan Gowan

In mid-January, news.Bitcoin.com reported on Currency.com, a Belarus-based trading platform for tokenized securities. Unlike other platforms of this nature, Currency.com promises entry to retail investors and a marketplace of readily tradable assets from day one. What’s more, these comprise globally recognizable assets such as Microsoft stock, gas, oil, and the Nasdaq 100. The platform is now live in invite-only mode, with around 1,000 traders putting it through its paces. Another 113,000 and counting are on the waiting list.

This week, news.Bitcoin.com spoke to Currency.com CEO Ivan Gowan to learn more about the interest the exchange has received, and the regulatory logistics of launching such an operation from Belarus. Gowan explained how much of that interest has come from the English and Russian speaking worlds, with 70 percent of those on the waiting list hailing from Eastern Europe. Western Europe, Japan, and Korea account for the remaining regions that have shown strong interest in the exchange. U.S. citizens, however, are unable to sign up at this time.

“I think there’s a lot of excitement where people see this kind of merging of cryptocurrencies, blockchain and capital markets and they see tokenized assets as a big part of that future,” began Gowan. “We’re not setting ourselves up to be focused on the institutional market – we’re focused on people who want to trade with us directly, people who value simplicity and ease of use.”

Currency.com Allows Crypto Traders to Buy Leveraged Equities, Indices and Metals
Assets can be filtered by a range of metrics on Currency.com

Institutional Assets for a Retail Audience

The ease of use that Ivan Gowan speaks of is evident when accessing the exchange. While professional traders might balk at its simplicity, it has clearly been designed with a retail audience in mind, introducing them to a world of tokenized assets while retaining the familiarity of the crypto exchanges they’re accustomed to trading on.

For traders raised on the volatile thrills of the crypto markets, stocks, which typically move no more than a couple of points a day, can seem dull. Currency.com has found a way to inject some fun into these tranquil “nocoiner” markets by adding leverage. “On the one side, you’ve got the more deliverable side of tokenized assets without leverage,” explained Gowan, “and then on the other side, you can use your cryptocurrencies as collateral for trading with leverage.”

With 20x margin trading available for equities, and up to 100x for other assets, even the slightest movements can generate major wins – or losses – for traders. While it is the responsibility of traders not to get carried away in this marketplace of maximum leverage and multiple possibilities, there are at least some general safeguards built in.

Currency.com Allows Crypto Traders to Buy Leveraged Equities, Indices and Metals
The Currency.com exchange

“If you run low on margin, the client protection systems kick in so you don’t go into debt,” explained Gowan.” Because Currency.com purchases the underlying assets or their derivatives, there are limitations on the extent to which traders can get rekt. “If you did have a trade open on Facebook and it dropped by 10 percent overnight because they missed an earnings call, say, then we would take on some of that risk, and we would give negative balance protection.”

Proactive Regulation From the Belarusian Government

Currency.com Allows Crypto Traders to Buy Leveraged Equities, Indices and Metals
Twitter stock can be leveraged up to 20x on Currency.com

CEO Ivan Gowan divides his time between London and Belarus, where Currency.com has a large technical team operating out of the country’s High Technology Park. He speaks warmly of the “innovative legislation” that’s been created to incubate cryptocurrencies and blockchain in Belarus in a bid to drive economic growth, and of the quality talent pool that includes highly proficient programmers with a strong work ethic.

Although getting regulated in the U.S. is on Currency.com’s long-term roadmap, there are significant hurdles that must be overcome to gain SEC approval. In the meantime, there is work to be done onboarding the tens of thousands of users on the waiting list. Once through the exchange’s virtual doors, they will be free to deposit funds with BTC or ETH, as well as fiat currency, and there are plans for other crypto assets to be added in future including BCH and LTC. There will also be a mobile app rolled out in February. The gulf between the traditional finance and cryptocurrency worlds is gradually narrowing. Currency.com may be one of the first crypto exchanges to provide a bridge, but it is unlikely to be the last.

What are your thoughts on tokenized securities? Would you trade stocks and metals using a platform like Currency.com? Let us know in the comments section below.


Images courtesy of Shutterstock and Capital.com


Disclaimer: Bitcoin.com does not endorse nor support this product/service.

Readers should do their own due diligence before taking any actions related to the mentioned 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 this article.

The post Currency.com Allows Crypto Traders to Buy Leveraged Equities, Indices and Metals appeared first on Bitcoin News.

from Bitcoin News http://bit.ly/2HFyCGO Currency.com Allows Crypto Traders to Buy Leveraged Equities, Indices and Metals

#Blockchain PR: MoneyToken Is Launching Its Own Exchange – in Collaboration With Huobi Cloud

MoneyToken Is Launching Its Own Exchange – in Collaboration With Huobi Cloud

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.

MoneyToken, one of the leading global crypto-lending platforms offering crypto assets-backed loans, has announced the launch of their new MoneyToken Exchange platform in a collaboration with Huobi Cloud.

This gives MoneyToken the ability to leverage Huobi’s technical expertise and security know-how, plus gives users access to the liquidity that Huobi Cloud has to offer.

The Exchange has been launched at 1:00 PM UTC today, and the team has also announced that a lottery with a 200 ETH prize fund is in the pipeline, as a way to engage and thank all of MoneyToken supporters.

MoneyToken is one of 2018-19s top ventures, with a thriving community of more than 50,000 active users and a number of well-known advisors and supporters such as Roger Ver.

With the launch of their Exchange, MoneyToken is starting to fulfill the dream of their founders and developers, creating a financial ecosystem that revolutionizes the finance industry and opens the door to new opportunities for their customers.

MoneyToken’s current user base will be crossing over to join the Huobi Cloud ecosystem while getting unique access to one of the biggest liquidity pools in the world. If we were to make a prediction, then in our opinion this will dramatically accelerate MoneyToken’s growth potential.

MoneyToken users can expect all kinds of new opportunities from the partnership between Huobi Cloud and MoneyToken – right away:

  • Lending platform users will have the unique ability to trade their collateral, not only gaining access to liquidity through the loan process, but also getting the chance to work their crypto-assets and gain potential growth.
  • MoneyToken will be able to liquidate collateral much quicker, accelerating a service already known for its speed of operation.
  • More features, like derivatives contracts, margin trading, OTC, withdrawal to fiat and short selling will become available on the MoneyToken Exchange as it is rolled out to users.

With MoneyToken Lending platform combined with MoneyToken Exchange the opportunities are endless. By sharing one order book with Huobi Cloud, MoneyToken ensures sustainable volume to make smoothly processing unlimited orders possible.

It seems that initiatives like MoneyToken and Huobi Global are leading the way to a bright future for cryptocurrency. Why not join them on the journey? To participate in the MoneyToken Exchange beta test, go to exchange.moneytoken.com and find out what the future looks like…

Contact Email Address
james.hendersonmt@gmail.com
Supporting Link
http://exchange.moneytoken.com

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: MoneyToken Is Launching Its Own Exchange – in Collaboration With Huobi Cloud appeared first on Bitcoin News.

from Bitcoin News http://bit.ly/2sTUvb9 PR: MoneyToken Is Launching Its Own Exchange – in Collaboration With Huobi Cloud

#USA How business-to-business startups reduce inequality

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When considering the structural impact of technology companies on our economy and society, we tend to focus on questions of scale and monopoly.

It’s true that the FAANG companies and more recent winners (Airbnb, Uber) have surfed a combination of network effects, preferential access to capital and classic efficiencies of scale to generate tremendous value for their shareholders—to the detriment of new entrants who attempt to unseat them.

At their high water mark in mid-2018, FAANG alone made up 11% of the total market cap of the S&P 500 and 38% of the index’s year-to-date gain, representing a doubling in their influence in only five years. The question of regulating technology companies—to the point of instituting anti-trust actions—has even become a rare point of relative concord between Democrats and Republicans in Congress.

But is the narrative of tech companies in the 2010s only a story of economic consolidation and growing inequality? Many of the most successful B2B startups of the last decade are aligned by a theme that paints a different picture. By transforming the nature of the costs required to start a business, these startups are reducing the influence of capital and leveling the playing field for new entrants to share in the surplus generated by the secular shift to a tech-mediated economy.

Source: Getty Images/MIKIEKWOODS

A Path To Equal Opportunity: Turning Fixed Costs Into Variable Costs

What do AWSWeWorkStordGusto and RocketLawyer have in common? They provide cloud computing services, office space, warehouse storage, payroll management and access to legal templates, respectively—at first glance, not a particularly congruent set of services.

But they are alike in the economic purpose they serve for their customers. Each of these services takes a fixed cost—a bank of servers, a lease, a legal retainer—and transforms it into a variable cost. As a refresher, a fixed cost stays constant regardless of output, and variable costs scale with the output of a business.

When my father started his software consulting business in the early 1990s, I remember the giant boxes of AIX servers that arrived at our apartment, and tagging along to office tours in central New Jersey before he decided to run the company out of our spare bedroom. Back then, starting almost any kind of business was hard because of high fixed costs. Without AWS or WeWork, you shelled out up front for hardware and a lease.

Access to capital, whether in the form of a bank loan, savings, or friends and family was a prerequisite for entrepreneurship.

Today, startups make it possible to start and scale almost any kind of business while incurring few fixed costs. Want to found an ecommerce store? Start with a free Shopify account and dropship your inventory. Want to become a freelance designer? Put a shingle up on Fiverr and meet clients at a Breather you rent by the hour.

Whether software or hardware or labor, building a business is way easier when overhead is transformed into a string of flexible microservices that you only pay for as you grow.

Image courtesy of Getty Images

Lower Fixed Costs Means Capital Matters Less

Taken together, startups that turn fixed costs into variable costs make it less capital intensive to start a business. This decreases the influence of gatekeepers and aggregators of capital—an impact evident in the way entrepreneurs think about starting businesses today.

It’s no coincidence that the rise of B2B startups fitting this theme has coincided with the bootstrap movement, in which tech entrepreneurs with major ambitions demur from raising venture funding because—well, they don’t need the money anymore.

It has also coincided with a renaissance in freelance entrepreneurship: 56.7 million Americans freelanced in 2018. Beyond the economic benefits of working for yourself—the fastest growing segment of freelancers earns over $75,000 a year—freelancers can access the lifestyle and health benefits of owning their destiny, which aren’t directly captured but play a role in the economic picture. 51% of freelancers said no amount of money would lure them into a traditional job, and 64% reported feeling healthier and happier.

When capital plays a reduced role in new business formation, access to capital plays a smaller role in determining who will succeed. More companies are founded, and the economy becomes more likely to birth new Davids that will unseat the Goliaths. Economics 101: lower barriers to entry create markets that converge on perfect competition instead of oligarchic concentration.

Sourlce: Getty Images/ERHUI1979

Variable Costs Don’t Scale, But That’s OK

Variable costs have their downsides. A startup with a relatively higher proportion of fixed costs—the profile of the classic high-tech software business—can achieve higher profit margins as it scales. Compare Microsoft or Google, which pay high fixed costs in the form of salaries and servers but few costs in delivering their services and achieve operating margins of 25-30%, to Costco, which takes in more than $100B of annual revenue but earns an operating margin in the single digits.

That’s OK. Neither type of cost is “better” or “worse,” but having the option to decide how to structure costs through a company’s lifecycle can meaningfully impact an entrepreneur’s ability to execute a business idea.
Founders investigating startup ideas—and politicians debating the impact of technology—would do well to pay attention to how B2B companies have democratized access to entrepreneurship.

Equality of outcome arrives from equality of opportunity—and a future where millions of people can start businesses, differentiate, and succeed on the basis of their ability and value proposition, rather than their access to capital, sounds like a promising representation of the egalitarian ethos Silicon Valley wants to bring to pass.

from Startups – TechCrunch https://tcrn.ch/2S0HRWP

#USA How business-to-business startups reduce inequality

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When considering the structural impact of technology companies on our economy and society, we tend to focus on questions of scale and monopoly.

It’s true that the FAANG companies and more recent winners (Airbnb, Uber) have surfed a combination of network effects, preferential access to capital and classic efficiencies of scale to generate tremendous value for their shareholders—to the detriment of new entrants who attempt to unseat them.

At their high water mark in mid-2018, FAANG alone made up 11% of the total market cap of the S&P 500 and 38% of the index’s year-to-date gain, representing a doubling in their influence in only five years. The question of regulating technology companies—to the point of instituting anti-trust actions—has even become a rare point of relative concord between Democrats and Republicans in Congress.

But is the narrative of tech companies in the 2010s only a story of economic consolidation and growing inequality? Many of the most successful B2B startups of the last decade are aligned by a theme that paints a different picture. By transforming the nature of the costs required to start a business, these startups are reducing the influence of capital and leveling the playing field for new entrants to share in the surplus generated by the secular shift to a tech-mediated economy.

Source: Getty Images/MIKIEKWOODS

A Path To Equal Opportunity: Turning Fixed Costs Into Variable Costs

What do AWSWeWorkStordGusto and RocketLawyer have in common? They provide cloud computing services, office space, warehouse storage, payroll management and access to legal templates, respectively—at first glance, not a particularly congruent set of services.

But they are alike in the economic purpose they serve for their customers. Each of these services takes a fixed cost—a bank of servers, a lease, a legal retainer—and transforms it into a variable cost. As a refresher, a fixed cost stays constant regardless of output, and variable costs scale with the output of a business.

When my father started his software consulting business in the early 1990s, I remember the giant boxes of AIX servers that arrived at our apartment, and tagging along to office tours in central New Jersey before he decided to run the company out of our spare bedroom. Back then, starting almost any kind of business was hard because of high fixed costs. Without AWS or WeWork, you shelled out up front for hardware and a lease.

Access to capital, whether in the form of a bank loan, savings, or friends and family was a prerequisite for entrepreneurship.

Today, startups make it possible to start and scale almost any kind of business while incurring few fixed costs. Want to found an ecommerce store? Start with a free Shopify account and dropship your inventory. Want to become a freelance designer? Put a shingle up on Fiverr and meet clients at a Breather you rent by the hour.

Whether software or hardware or labor, building a business is way easier when overhead is transformed into a string of flexible microservices that you only pay for as you grow.

Image courtesy of Getty Images

Lower Fixed Costs Means Capital Matters Less

Taken together, startups that turn fixed costs into variable costs make it less capital intensive to start a business. This decreases the influence of gatekeepers and aggregators of capital—an impact evident in the way entrepreneurs think about starting businesses today.

It’s no coincidence that the rise of B2B startups fitting this theme has coincided with the bootstrap movement, in which tech entrepreneurs with major ambitions demur from raising venture funding because—well, they don’t need the money anymore.

It has also coincided with a renaissance in freelance entrepreneurship: 56.7 million Americans freelanced in 2018. Beyond the economic benefits of working for yourself—the fastest growing segment of freelancers earns over $75,000 a year—freelancers can access the lifestyle and health benefits of owning their destiny, which aren’t directly captured but play a role in the economic picture. 51% of freelancers said no amount of money would lure them into a traditional job, and 64% reported feeling healthier and happier.

When capital plays a reduced role in new business formation, access to capital plays a smaller role in determining who will succeed. More companies are founded, and the economy becomes more likely to birth new Davids that will unseat the Goliaths. Economics 101: lower barriers to entry create markets that converge on perfect competition instead of oligarchic concentration.

Sourlce: Getty Images/ERHUI1979

Variable Costs Don’t Scale, But That’s OK

Variable costs have their downsides. A startup with a relatively higher proportion of fixed costs—the profile of the classic high-tech software business—can achieve higher profit margins as it scales. Compare Microsoft or Google, which pay high fixed costs in the form of salaries and servers but few costs in delivering their services and achieve operating margins of 25-30%, to Costco, which takes in more than $100B of annual revenue but earns an operating margin in the single digits.

That’s OK. Neither type of cost is “better” or “worse,” but having the option to decide how to structure costs through a company’s lifecycle can meaningfully impact an entrepreneur’s ability to execute a business idea.
Founders investigating startup ideas—and politicians debating the impact of technology—would do well to pay attention to how B2B companies have democratized access to entrepreneurship.

Equality of outcome arrives from equality of opportunity—and a future where millions of people can start businesses, differentiate, and succeed on the basis of their ability and value proposition, rather than their access to capital, sounds like a promising representation of the egalitarian ethos Silicon Valley wants to bring to pass.

from Startups – TechCrunch https://tcrn.ch/2S0HRWP