Agoracom Blog Home

Posts Tagged ‘Bitcoin’

#Blockchain explained: It builds trust when you need it most $SX $ $SXOOF $ $

Posted by AGORACOM-JC at 2:01 PM on Monday, February 12th, 2018
  • Blockchain is best known as the technology behind the cryptocurrency bitcoin — a digital currency whose value soared above $19,000 over the last year before slumping to half that when the frenzy subsided
  • But blockchain is so much more, potentially easing the doubts and uncertainties that dog so much of life — whether buying a used car from a stranger, having faith that a piece of fruit really is organic, or knowing that a prescription drug isn’t counterfeit
  • Blockchain, in effect, hard-wires trust into transactions or data that we might otherwise be more cautious about

Here’s everything you need to know about the technology powering the bitcoin cryptocurrency today and, soon, a myriad of services that will change your life.

This is part of “Blockchain Decoded,” a series looking at the impact of blockchain, bitcoin and cryptocurrency on our lives.

These days, we’re having a harder and harder time trusting each other.

Trust is an essential part of ordinary living, whether it’s picking mechanics based on Yelp reviews, sliding credit cards into gas station fuel pumps or heeding our doctor’s advice. But our trust has been eroding for years. In the US, only 33 percent of us felt we could trust our government in 2017 — a decline of 14 percentage points from 2016, according to Edelman’s annual trust barometer study. Trust in businesses dropped from 58 percent to 48 percent, too, while media (fake news!) and social networks also took a hit.

That’s a problem. The less trust you have, the harder everything becomes. Did that job candidate really graduate from college? Did your brother-in-law really repay that loan?

But there’s an unlikely solution that might help restore enough faith in strangers to make our lives a bit easier: an encryption technology called blockchain.

Blockchain is best known as the technology behind the cryptocurrency bitcoin — a digital currency whose value soared above $19,000 over the last year before slumping to half that when the frenzy subsided. But blockchain is so much more, potentially easing the doubts and uncertainties that dog so much of life — whether buying a used car from a stranger, having faith that a piece of fruit really is organic, or knowing that a prescription drug isn’t counterfeit. Blockchain, in effect, hard-wires trust into transactions or data that we might otherwise be more cautious about.

“It’s revolutionary,” said Mark Siegel, an investor at Menlo Ventures.

Bitcoin’s value has soared and plunged over the last year, and it’s hard to separate the sensible from the scams among the 1,500 other cryptocurrencies. But blockchain has enjoyed more stable appeal.

Indeed, staid companies like IBM, Microsoft and Intel are offering blockchain as just another software tool to get business done. Other companies dabbling in blockchain include Goldman Sachs, Nasdaq, Walmart and Visa.

Because blockchains work as a secure digital ledger, a bumper crop of startups are hoping to bring it to voting, lotteries, ID cards and identity verification, graphics rendering, welfare payments, job hunting and insurance payments.

A lot of that revolution could be invisible to you, taking place inside and among businesses. But it’s potentially a very big deal. Analyst firm Gartner estimates that blockchain will provide $176 billion in value to businesses by 2025 and a whopping $3.1 trillion by 2030.

How does blockchain actually work?

OK, strap yourself in, because this gets a bit hairy.

A good place to start is the name: a blockchain is an ever-growing set of data blocks. Each block records a collection of transactions — for example, that you now hold the title to the car you bought or that you paid a car dealer to get it.

IBM and Maersk have a partnership to use blockchain to smooth shipping operations. A single blockchain can help exporters, shipping companies, port authorities and importers cooperate.


That may sound simple, but here’s a difference between blockchain and the Department of Motor Vehicles. Today, the government stores the information on its own central computer. Blockchains, though, distribute it across a group of computers — maybe even thousands of them. Each has its own copy of the blockchain transactions.

That decentralization and synchronization means no single party controls the data. If one business sells an asset to another, each sees the same data. There’s no need for lawyers at one company to call the other if their accounting databases disagree, because there’s only one accounting database.

Cryptography — mathematical methods of keeping data secret and proving identity — now enters the picture when it comes to recording transactions. Blockchain uses the same cryptographic key technology that keeps hackers from sniffing your credit card number when you type it into an e-commerce website. One digital key ensures only you can enter a transaction to the blockchain involving your assets, and another digital key lets someone else confirm it really was you who added the transaction.

“You can take a network of parties that didn’t have prior experience working with each other — that didn’t have reason for trust — and still find a way to build a transaction record or a history of the truth,” said Brian Behlendorf, executive director for the Linux Foundation’s Hyperledger project for blockchain software.

Indelible ink

Another fundamental part of the blockchain is called immutability — its resistance to tampering or other changes. To understand it, you need to understand another cryptographic concept called the hash.

Hashing reduces data to a bunch of seemingly random characters — for example, the hash of the phrase “the quick brown fox” is “9ECB36561341D18EB65484E833EFEA61EDC74B84CF5E6AE1B81C63533E25FC8F” using an encoding method called SHA-256. Tweaking just one letter in the phrase produces a completely different hash, and you can’t go backward to figure out the original data from the hash.

With blockchain, hashes are linked together so any minute change is immediately visible, not just for the block housing it but for all other blocks added later. With red flags that big for changes that small, you can see why auditors would get excited.

“It’s like doing the crossword puzzle in ink instead of pencil,” said Marie Wieck, head of IBM’s 1,500-employee blockchain group. “You will see if you change your answer to 3 across from moon to star.”

That’s no fun for embezzlers accustomed to hiding behind dodgy or altered records. Cryptocurrencies can offer anonymity to criminals, which is why it’s been popular for things like the WannaCry ransomware that locked up people’s computers until they paid up. But blockchain makes it easier to find the digital scene of the crime — especially with private blockchains that networks of business partners can set up to cooperate.

Mining madness

The process for locking down a block onto the blockchain so it can’t be changed, at least today, is called mining.

And it’s a problem.

Here’s how it works. When you and others announce transactions to a blockchain network, computers on that network race to solve a complicated mathematical puzzle based on those transactions. A computer that succeeds announces it to the network, and the transaction is accepted if other computers verify that none of the assets in question were already used. That’s what’ll keep you from selling the same concert ticket twice on a blockchain-based ticket market. (Citizen Ticket and Active Ticketing are working on this.)

Cryptocurrency mining computers like this Antminer S9 from Bitmain may look modest, but when stacked by the thousands there’s immense horsepower to make today’s blockchains work.


But today’s mining approach, called “proof of work,” has huge drawbacks.

For one thing, mining works most profitably on powerful computers that consume immense amounts of electrical power. For example, bitcoin mining today uses about as much power as the country of Singapore, enough to power 4.4 million houses, according to cryptocurrency analyst firm Digiconomist. That amount is growing.

For another, transactions are relatively slow. Blockchain transactions can race past transactions that rely on middlemen and reconciliation procedures, like escrow accounts for home purchases or international money transfers. But bitcoin transactions can take about 10 minutes, which is why cryptocurrencies today aren’t useful for just buying something in a store.

There’s lots of work to free blockchain from the problems of transaction speed and energy consumption, though. One idea, “proof of stake,” uses no significant computing power and looks to be the future for the Ethereum Project, which is responsible for the ether cryptocurrency.

If bitcoin was the first generation of blockchain and Ethereum the second, there are a number of people hoping their project will catch on as the third.

Tezos, for example, hopes to build in better governance so its technology can move forward without the troubles bitcoin and Ethereum have suffered, said Tezos CEO Kathleen Breitman, speaking at the Techonomy conference in November — though ironically, Tezos has suffered governance problems of its own with a spat over its own management. Another challenger is Dfinity. Its chief scientist, Dominic Williams, promises transaction speeds 600 times faster than Ethereum, which today is only a bit faster than bitcoin.

Smart contracts

The original blockchain was described in a 2008 bitcoin paper by Satashi Nakamoto, a pseudonym for a person or perhaps group that unified some ideas into the first working cryptocurrency. The idea became reality with the release of open-source bitcoin software in 2009. The bitcoin blockchain now records about 300 million transactions and counting.

But ether has popularized a newer idea called smart contracts. These are programs that run on the Ethereum network and take automated if-this-then-that actions. For example, a smart contract could look for the highest bid in an auction at a certain time and automatically transfer ownership rights to the auction winner.

Bitcoin is based on blockchain technology. The surging price helped generate new interest that’s withstood the recent plunge in bitcoin value.

Yahoo Finance

“When companies sign a contract, it’s enforced by a judge or lawyers in a court,” said Vipul Goyal, an associate professor in Carnegie Mellon University’s cryptography group. “Smart contracts are enforced by cryptographic mechanisms in the code. Enforcing the contract is much cheaper and much faster — almost instant.”

With smart contracts, blockchain could help automate lots of computing operations, including ones humans never touch. Your electric car could wait for favorable electricity prices before deciding when to charge itself from the grid, solar panels or in-home batteries, then the blockchain could handle accounting among all the parties.

Goyal expects blockchain will help automate all sorts of transactions. For example, if it’s used to register your car purchase, that could trigger a cascade of other operations, like transferring the car’s cryptographic keys that let its owner unlock the car.

“This is much more efficient than going to the DMV and filling out paperwork,” he said. “It’s also more secure, because these keys cannot be forged. The seller can’t make copies of the key and try to steal the car.”

The ties that bind

Expect to see blockchain showing up in particular where there are groups of interlinked organizations. That could include one company and its suppliers, or it could be consortiums of competitors and and their suppliers.

For example, IBM has a blockchain partnership with a long list of food suppliers and grocery retailers, including Dole, Kroger, Nestlé, Tyson Foods and Walmart.

The basic attention token, developed by browser maker Brave Software, uses blockchain to oversee online ad payments that can flow among advertisers, publishers and anyone using its browser.

Brave Software

Another blockchain project comes through browser startup Brave, which relies on the technology to change online advertising in a way that improves performance and privacy while giving browser users a cut of the proceeds. Blockchain accounting, using a digital payment mechanism called the basic attention token (BAT), enables direct payments among advertisers, publishers and browser users — for example an advertiser paying a publisher or a reader making a small one-off payment for a news article without buying a subscription.

It’s transparent, so anyone can see exactly how many BATs were transferred and check that Brave didn’t illicitly siphon any off, Brave CEO Brendan Eich said.

But for companies averse to sharing data with competitors, blockchain’s transparency is a difficulty. There are mechanisms for handling the challenge, Behlendorf said.

“In most networks, you have a balance between data that can be kept private, but enough public that you can attest to its veracity,” Behlendorf said.

Another way blockchain could bring many parties together is property records.

There are thousands of counties in the US, each with its own record of who owns what. One startup, Propy, hopes to digitize those records, mirroring the records initially the way title companies do, but also storing them on the blockchain, said CEO Natalia Karayaneva.

If county clerks saw the benefit, they could gradually move to the system — it’s decentralized, not Propy’s own database. Propy hopes to profit by taking a percentage of the sales it facilitates, but at the same time, it also hopes to cut purchasers’ costs — for example by eliminating the thousands of dollars that title insurance can cost.

Slow down there a minute

For something as hyped as blockchain, with millions of dollars raised, you have to expect some backlash. There’s plenty, starting with the criticism that blockchain would have already taken off if it’s so great and concerns that it’s abetting cryptocurrency shenanigans. There’s also the concern that poorly written code could leave a faulty foundation.

Overinflated expectations are nothing new to the tech industry, though, and there are enough serious players engaged that it’s hard to dismiss blockchain as all sizzle and no steak. Expect a winnowing as reality sets in.

“In 2018, we expect to see a number of projects stopped that should never have been started in the first place,” said Forrester analyst Martha Bennett.

She points out plenty of other areas where blockchain falls short of its promises. The immutability comes at a cost, lacking some of the mechanisms for recourse found in today’s slower processes. Companies cooperating to set up their own private blockchains, rather than using public ones like Ethereum, must have some trust already to set up rules for access and governance.

Here’s another hitch: getting everybody on board. For example, Automaker Renault hopes for a blockchain to lock down car maintenance records. After all, who wouldn’t want to know if the used car you’re thinking of buying made lots of trips to the repair shop? It turns out the seller may not share your enthusiasm for that much transparency.

So it’s not perfect. But it doesn’t have to be. Blockchain just has to be better than what we have today. There are a lot of underhanded cryptocurrency dealings, but regulators are now reining in abuses, said Rick Levin, chairman of the financial technology and regulation team at the AmLaw law firm Polsinelli. Likewise, engineers are hammering out improvements to blockchain and big names like Nasdaq and Goldman Sachs are embracing it.

“I don’t think it’s just going to vanish,” Levin said. “There’s too much energy behind this.”


#Blockchain: A Very Short History Of #Ethereum Everyone Should Read $SX $ $ #Blockstation $

Posted by AGORACOM-JC at 12:37 PM on Friday, February 2nd, 2018
  • Even those who are not familiar with blockchain are likely to have heard about Bitcoin, the cryptocurrency and payment system that uses the technology.
  • Another platform called Ethereum, that also uses blockchain, is predicted by some experts to overtake Bitcoin this year.

Bernard Marr , Contributor Opinions expressed by Forbes Contributors are their own.


What is Ethereum?

Ethereum is an open-source, public service that uses blockchain technology to facilitate smart contracts and cryptocurrency trading securely without a third party. There are two accounts available through Ethereum: externally owned accounts (controlled by private keys influenced by human users) and contract accounts. Ethereum allows developers to deploy all kinds of decentralized apps. Even though Bitcoin remains the most popular cryptocurrency, it’s Ethereum’s aggressive growth that have many speculating it will soon overtake Bitcoin in usage.

How is Ethereum different than Bitcoin?

While there are many similarities between Ethereum and Bitcoin, there are also significant differences. Here are a few:

  • Bitcoin trades in cryptocurrency, while Ethereum offers several methods of exchange including cryptocurrency (Ethereum’s is called Ether), smart contracts and the Ethereum Virtual Machine (EVM).
  • They are based on different security protocols: Ethereum uses a ‘proof of stake’ system as opposed the ‘proof of work’ system used by Bitcoin.
  • Bitcoin allows only public (permissionless or censor-proof) transactions to take place; Ethereum allows both permissioned and permissionless transactions.
  • The average block time for Ethereum is significantly less than Bitcoin’s; 12 seconds versus 10 minutes. This translates into more block confirmations which allows Ethereum’s miners to complete more blocks and receive more Ether.
  • It is estimated that by 2021 only half of the Ether coins will be mined (a supply of more than 90 million tokens), but the majority of Bitcoins already have been mined (its supply is capped at 21 million).
  • For Bitcoin, the computers (called miners) running the platform and verifying the transactions receive rewards. Basically, the first computer that solves each new block gets bitcoins (or a fraction of one) as a reward. Ethereum does not offer block rewards and instead allows miners to take a transaction fee.

What are the advantages of Ethereum?

Proponents of Ethereum believe its main advantage over Bitcoin is that it allows individuals and companies to do much more than just transfer money between entities leading Bloomberg to write it’s “the hottest platform in the world of cryptocurrencies and blockchains” and companies such as JPMorgan Chase, Intel and Microsoft to invest in it.

Ethereum’s co-founder, Vitalik Buterin said, “I thought [those in the Bitcoin community] weren’t approaching the problem in the right way. I thought they were going after individual applications; they were trying to kind of explicitly support each [use case] in a sort of Swiss Army knife protocol.”

He envisioned a different way.

Buterin was introduced and intrigued by blockchain technology when he got involved in Bitcoin as a 17-year-old programmer in 2011 and co-founded Bitcoin Magazine. He started to imagine a platform that went beyond the financial use cases allowed by Bitcoin and released a white paper in 2013 describing what would ultimately become Ethereum using a general scripting language.

The key differentiator from Bitcoin was the platform’s ability to trade more than just cryptocurrency.

In 2014, Buterin and the other co-founders of Ethereum launched a crowdsourcing campaign where they sold participants Ether (Ethereum tokens) to get their vision off the ground and raised more than $18 million. The first live release of Ethereum known as Frontier was launched in 2015. Since then, the platform has grown rapidly and today there are hundreds of developers involved.

Ultimately, Buterin hopes Ethereum will be the solution for all use cases of blockchain that don’t have a specialized system to turn to.

Ethereum is still experiencing growing pains and suffers from some of the same issues that Bitcoin does primarily in its scalability. In 2016, $50 million in Ether was stolen by an anonymous hacker which resulted in questions about the platform’s security. This caused a split within the Ethereum community and it broke off into two blockchains: Ethereum (ETH) and Ethereum Classic (ETC).

There have been dramatic fluctuations in the price of Ether, but the Ethereum currency grew more than 13,000 percent in 2017. This tremendous growth is attractive to many investors, but the volatility makes other investors cautious.

It’s still a very young platform, but its potential and applications could be limitless. Ethereum’s infrastructure was enhanced over the last few years when it was challenged with security issues and since it’s less monopolistic than Bitcoin, it is more open to reform measures that might ultimately make it a superior solution to Bitcoin.

Bernard Marr is a best-selling author & keynote speaker on business, technology and big data. His new book is Data Strategy. To read his future posts simply join his network here.


2018: The Year #Blockchain and Artificial Intelligence #AI Converge $ $ $SXOOF #Blockstation $ $ $

Posted by AGORACOM-JC at 10:14 AM on Friday, January 12th, 2018
  • Blockchain technology, which powers most cryptocurrencies, is in nascent stages
  • This past year, we started seeing some early proof points of how this new infrastructure can be used,
  • Including the announcement by the Australian Securities Exchange that it would replace its current post-trade settlement process with a blockchain system, after running both concurrently.
Jan 12, 2018 at 09:14 UTC

Jalak Jobanputra is founder and managing partner of Future\Perfect Ventures, an early-stage venture fund investing in decentralization and digital assets.

The following article is an exclusive contribution to CoinDesk’s 2017 in Review.

2017 was the year that cryptocurrency became mainstream.

But what’s even more exciting to many of us who have been investing in the sector for the past several years is the development of the underlying technology.

Blockchain technology, which powers most cryptocurrencies, is in nascent stages. This past year, we started seeing some early proof points of how this new infrastructure can be used, including the announcement by the Australian Securities Exchange that it would replace its current post-trade settlement process with a blockchain system, after running both concurrently.

This reminds me of the process large enterprises went through in the late 1990s and early 2000s as they moved from client-server software to web-based software, transitioning their supply chain and procurement processes online. They conducted extensive return on investment (ROI) studies to justify the upfront cost of replacing current systems. Twenty years later, the ROI is obvious, but many companies viewed the risk as significant at the time.

I believe we’ll continue to see more companies across more industries in 2018 take a look at how blockchain technology can create efficiencies (and potentially new business models in the future).

When I launched Future\Perfect Ventures in 2014 around the thesis of decentralization, I was most excited about the combination of blockchain with other emerging technologies, including machine learning/AI, security and internet of things. In this way, I expect 2018 will be the year that we start to see the convergence of these technologies to truly create the decentralized computing and communications platforms of the future.

Decentralization, by its very nature, requires that more intelligence shifts to nodes instead of residing in one central server.

We will continue to see the development of semiconductors that are capable of advanced computing in smaller and smaller devices. As devices at the edge become smarter, the smart contracts enabled by blockchain platforms will work better with more advanced data analytics capabilities.

I see a mini-brain in each of our devices, ranging from simplistic ones to ones capable of processing larger datasets and making decisions based on that data.

The open availability of more data and smarter processing at the nodes will enable broader datasets available to more companies and people, instead of proprietary data ownership that currently exists within companies such as Facebook and Google. More importantly, that data will be diverse and representative of the world we live in, instead of being filtered by a few companies that reside in one geography.

While this may not all happen within the next year, we have started an inevitable march towards that future, one that will be even more transformative than the internet was.

Weaving machine via Shutterstock

The leader in blockchain news, CoinDesk strives to offer an open platform for dialogue and discussion on all things blockchain by encouraging contributed articles. As such, the opinions expressed in this article are the author’s own and do not necessarily reflect the view of CoinDesk.

For more details on how you can submit an opinion or analysis article, view our Editorial Collaboration Guide or email


#Blockchain stock listings set to explode in Canada: GMP Capital #Blockstation #ThreeD #Bitcoin $ $ $

Posted by AGORACOM-JC at 5:11 PM on Thursday, December 7th, 2017

  • A least 50 firms tied to blockchain and cryptocurrencies are set to list on Canadian stock exchanges in the next year, thanks in part to a junior market that’s more comfortable with risk than other parts of the world, the head of securities firm GMP Capital Inc. said.

“The level of activity in this market of quality plays, quality teams is as high as I’ve seen since the internet age,” Harris Fricker, chief executive officer of the Toronto-based firm said in an interview at Bloomberg’s offices. “Canada’s place in this is dramatically more important than what it was in the first phase of the internet.”

Canada is emerging as a hub for bitcoin and cryptocurrency stocks amid “a virtuous circle” of expertise and business, backed by a capital markets ecosystem that supports small companies, particularly on the TSX Venture Exchange, Fricker said. While that system has been geared toward miners and oil and gas companies in the past, the marijuana industry has surged to a market value of more than $17 billion ahead of recreational legalization in July, and at least eight cryptocurrency-related stocks are now trading in Canada.

The University of Waterloo and University of Toronto are “hotbeds” for the crypto industry, Fricker said. Russian-Canadian Vitalik Buterin introduced the world to his ethereum blockchain in 2013, not long after dropping out of the University of Waterloo, near Toronto. It all makes Canada “nicely positioned” to be a leading hub for these technology companies, said Fricker.

Bitcoin surged above US$15,000 on Thursday, extending its advance this month to more than 50 per cent, sparking worries over a bubble in the digital currency. Fricker said that while there’s bound to be volatility in the market he’s not concerned about its long-term viability. “I believe that bitcoin is a rapidly emerging new asset class,” he said. “All bitcoin does is it makes mathematics the central bank governor.”

Closely held firms will likely go public by acquiring existing listed companies rather than initial public offerings, Fricker said. The so-called reverse takeover structure has been used for years in Canada’s resource sector as it allows a public listing without having to file a prospectus with regulators or to woo investors through a stock sale.

All bitcoin does is it makes mathematics the central bank governor

“You have a viable system for listing and getting capital for companies, you are involving accredited investors — there’s no pitching of this to the retired people of Canada — and there’s a proper weighting of risk and opportunity,” said Fricker, a Rhodes scholar who counts Alan Turing, the English mathematician who broke the enigma code during World War II, as one of his heroes.

A reverse takeover was how crypto miner Hive Blockchain Technologies Inc. listed on the TSX Venture Exchange. The Vancouver-based firm, which is backed by Canadian mining maverick Frank Giustra and counts GMP as one of its investment banks, has soared more than 200 per cent since it began trading Sept. 18. Hive has a market value of about $824 million, making it the nation’s largest blockchain company.

“The reverse takeover structure will prevail for now, until the regulators provide full instruction on where they live on clearing of prospectuses,” Fricker said.

GMP is also helping Hut 8 Mining Corp., a Toronto-based bitcoin miner to join the public markets in January through an RTO. Hut 8, named after the facility where Turing worked to break the enigma code and help defeat the Nazis, has an exclusive partnership with Bitfury Group to acquire and operate bitcoin mining data centers in North America.

GMP Capital has refocused its firm to capitalize on the emerging industry. In September it created a dedicated blockchain team, which comprises eight investment bankers — about a quarter of its current contingent — and two research analysts. The group is led by Fricker, who became attracted to blockchain through his interest in cryptography and Turing. GMP is hosting a blockchain conference in Toronto Thursday.

Fricker said he “easily” sees the industry becoming more than 25 per cent of its investment- banking revenue, though he doesn’t see it eclipsing mining and energy. He draws parallels to the medical pot industry, which started in 2014 with its first public listing of a licensed producer, now known as Canopy Growth.

“The junior exchange, typically, and the independent broker dealers have funded the marijuana space and we now have 10 world-class companies in that space,” he said. “I think Blockchain will be 10 times the size of the medical marijuana space.”

Bloomberg News


St-Georges’ $ Subsidiary Kings of the North Planning Financing Effort that will Include #Cryptocurrencies #Bitcoin

Posted by AGORACOM-JC at 10:13 AM on Thursday, November 2nd, 2017

Sx large

  • Enrolled the services of a third party escrow service company, which will allow its subsidiary to secure a portion of its future financing in Bitcoins and other cryptocurrencies.

Montreal, Quebec / November 2, 2017 – St-Georges Platinum & Base Metals Ltd. (CSE: SX) (OTC: SXOOF) (FSE: 85G1) is pleased to inform its shareholders and stakeholders that the Company has enrolled the services of a third party escrow service company, which will allow its subsidiary to secure a portion of its future financing in Bitcoins and other cryptocurrencies.

That subsidiary, Kings of the North Corp. (KOTN), will be seeking to raise up to $5 million in financing, the timeline and the nature of which will be communicated at a later date. At this point, the company has received no firm offer and there is no guarantee such an offer would meet its expectations.

“As St-Georges intend to bring new technologies to the mining industry, the Company would also like to be a pioneer in the use of financial innovations, such as bitcoins and cryptocurrencies” commented Mark Billings, president of KOTN.

St-Georges also received interest from some of its main suppliers to be paid in Bitcoins. One such supplier, North Atlantic Mining Associates Ltd (NAMA), which is in charge of all the work of St-Georges’ Icelandic subsidiary, Iceland Resources EHF, has agreed to receive payments in Bitcoins for the coming drilling campaign. The Honorable Lord Timothy Razzall, NAMA Chairman commented: “NAMA is pleased to be part of this exciting development in Iceland. The project fits nicely with NAMA’s strategy of developing its construction and drilling business”.


“Mark Billings


About St-Georges

St-Georges is developing new technologies to solve the biggest environmental problems in the mining industry. If these new technologies are successful, they should improve the financial bottom line of current mining producers. The potential success of these technologies would also involve upgrading certain current known metal resources to economic status while addressing the environmental and social acceptability issues.

The Company controls directly or indirectly all of the active mineral tenures in Iceland. It also explores for nickel on the Julie Nickel Project & for industrial minerals on Quebec’s North Shore and for lithium and rare metals in Northern Quebec and in the Abitibi area. Headquartered in Montreal, St-Georges’ stock is listed on the CSE under the symbol SX, on the US OTC under the Symbol SXOOF and on the Frankfurt Stock Exchange under the symbol 85G1. For additional information, please visit our website at

ThreeD Capital Inc. $ Appoints Global #Blockchain / #Cryptocurrency Expert to Advisory Board #Bitcoin

Posted by AGORACOM-JC at 9:18 AM on Monday, October 30th, 2017

Threed capital

  • Announced the appointment of Aly Madhavji to its Advisory Board
  • Mr. Aly Madhavji is Founder and CEO of Global DCX, an innovative technology company launching secure digital currency exchanges across the globe starting in India
  • Also an avid investor in early stage companies, digital currencies, and Initial Coin Offerings

TORONTO, Oct. 30, 2017 — ThreeD Capital Inc. (“ThreeD” or the “Company”) (CSE:IDK) is pleased to announce the appointment of Aly Madhavji to its Advisory Board (see also previous announcement on October 26, 2017).

Mr. Aly Madhavji is Founder and CEO of Global DCX, an innovative technology company launching secure digital currency exchanges across the globe starting in India. He is also an avid investor in early stage companies, digital currencies, and Initial Coin Offerings (ICOs). Mr. Madhavji holds a Master’s in Business Administration from INSEAD (Singapore and France) and a Bachelor of Commerce from the University of Toronto. He is an internationally acclaimed author, publishing three books, including the award-winning book titled, “Your Guide to Succeed in University”, as part of the Succeed Series. Mr. Madhavji served as a Governor of the University of Toronto where he was a member of the Executive Committee of the university. He has lived and worked across four continents with PwC, PayPal, Microsoft, Bloomberg, and INSEAD. He also holds the Chartered Professional Accountant, Chartered Accountant, Certified Management Accountant, and Chartered Investment Manager designations.

Sheldon Inwentash, CEO of ThreeD comments, “adding Aly Madhavji to our Advisory Board is quite a coup. Aly is globally recognized in the blockchain/cryptocurrrency space and is a sought after speaker. His accomplishments are many and we look forward to working with him.”

“It is a pleasure to join ThreeD Capital as an Advisor. I have been impressed by Sheldon Inwentash and his team for understanding, embracing, and taking a leadership role in the ongoing digital revolution, which is paving the way to a brighter future,” stated Aly Madhavji, Founder & CEO of Global DCX.

About ThreeD Capital Inc.

ThreeD is a publicly-traded Canadian-based venture capital firm focused on opportunistic investments in companies in the junior resources, Artificial Intelligence and Blockchain sectors.

ThreeD seeks to invest in early stage, promising companies where it may be the lead investor and can additionally provide investees with advisory services, mentoring and access to the Company’s network in order to earn increases to the Company’s equity stake.

For further information: Gerry Feldman, CPA, CA Chief Financial Officer and Corporate Secretary Phone: 416-606-7655

Invested in Hive Blockchain Technologies $ ? Check out Blockstation, The FIRST Exchange For #Blockchain Tokens #Bitcoin

Posted by AGORACOM-JC at 4:34 PM on Tuesday, October 24th, 2017

Blockstation large

The World’s First Exchange For Blockchain Tokens

  • At the forefront of research, development and commercialization of an enterprise grade, direct market access platform for Blockchain Tokens like Bitcoin.
  • Technology facilitates on-line electronic trading and delivery of live streaming allowing Blockchain Tokens to be accessed by traditional financial institutions and on-line retail trading platforms
  • Safe. Secure. Compliant. Global.
  • Going Public Soon. Follow the company on AGORACOM today.

Peeks Social $ to Accept #Bitcoin and Other #Cryptocurrencies

Posted by AGORACOM-JC at 8:02 AM on Tuesday, October 24th, 2017

Peeks large

  • Will begin accepting Bitcoin amongst other cryptocurrencies as a payment option within Peeks Social
  • Technical planning is complete and the Company is now confident that it can integrate Bitcoin and other cryptocurrencies in a manner that will be financially beneficial to the Company

TORONTO, Oct. 24, 2017 – Peeks Social Ltd. (TSXV:PEEK) (OTCQB:PKSLF) (“Peeks Social” or “the Company”) announces that the Peeks Social platform will begin accepting Bitcoin amongst other cryptocurrencies as a payment option within Peeks Social.

Technical planning is complete and the Company is now confident that it can integrate Bitcoin and other cryptocurrencies in a manner that will be financially beneficial to the Company and provide users with a wider variety of payment options. Since cryptocurrency purchases are not subject to payment processing fees, the addition of cryptocurrency transactions are expected to reduce the aggregate payment processing fees currently associated with processing payments within the Peeks Social platform. In-app payments are subject to a 30% payment processing fees from their respective app stores.  Additionally, cryptocurrency payments are expected to increase the number of purchases in Peeks Social as a result of providing users with increased anonymity when making purchases within the service.

Cryptocurrency payment options will be available on in the upcoming weeks. The Peeks Social app can be downloaded in either the Apple or Google app stores, or by visiting

For further information, please contact:

Peeks Social Ltd.                                       Mark Itwaru                 David Vinokurov Chairman & Chief Executive Officer                 Director Investor Relations 416-815-7000 x303                 416-716-9281                 davidv@peeks.comNeither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) has reviewed or accepts responsibility for the adequacy or accuracy of this Release.

Forward-Looking statements:

The information and statements in this news release contain certain forward-looking information relating to the development and deployment of certain functionalities of the Peeks Social service, including assumptions regarding third party adoption and use. This forward-looking information is subject to certain risks and uncertainties and may be based on assumptions that could cause actual results to differ materially from those anticipated or implied in the forward-looking information. Peeks Social Ltd.’s forward-looking information is expressly qualified in its entirety by this cautionary statement. Except as required by law, Peeks Social Ltd. undertakes no obligation to publicly update or revise any forward-looking information.

Newnote Financial Offers Bitcoin-to-Fiat Conversion to

Posted by AGORACOM-JC at 9:24 AM on Wednesday, June 17th, 2015

VANCOUVER, June 17, 2015 – Newnote Financial Corp. (the “Company”), (CSE: NEU; OTCQB: NWWTF; FSE: 1W4) is pleased to announce Canadian fiat settlement is now available to over 13,000 merchants via the Company’s 100% owned Bitcoin Exchange.

For the past few months, we have been working with the team at Coinpayments Inc. of which Newnote holds a 20% equity position, to deliver this latest integration which offers merchants using as a payment processor to automatically sell their Bitcoin balances on and settle via e-transfer or direct ACH transfer to their bank account. Merchants can accept 55 different crypto-currencies using one of the 25 popular shopping cart plugins Coinpayments offers. In addition, Coinpayments has enabled merchants to instantly exchange one coin for another via, an API platform that provides instant Bitcoin and Altcoin conversion. US Dollar settlement will be available in the near future.

President and CEO of Coinpayments Inc. Alex Alexandrov states: “We love crypto but recognize that purchasing Bitcoin can be often a challenge, so we are looking to make it super easy. Very soon you will be able to simply buy Bitcoin online via Interac Online Checkout on our site via our partnership with The team is very excited to bring more people into the crypto world by breaking down barriers and allowing them to participate.”

About Coinpayments Inc.

Coinpayments Inc. operates from Vancouver Canada and is the third largest payment processor and the only company accepting 55 crypto-currencies. Coinpayments Inc. has over 13,000 merchants in 146 countries worldwide. The small team of crypto enthusiasts pride themselves by outperforming the large funded competitive players. They have a vision and goal of making crypto broadly accessible to the both consumers & merchants through smart integrations with great companies in the digital money eco-system.

About Newnote Financial Corp.

Newnote Financial Corp. is pioneering innovative crypto-currency and Bitcoin related software products and services geared at the growing business segment of this bourgeoning market. The Company owns and operates the Bitcoin Exchange, Online Store Builder, CoinExchange Android App, Paid-to-Surf Advertising Platform, Bitcoin ATM Machines in London, Tokyo and Vancouver in addition to several other crypto-currency related assets. Newnote has positioned itself to be a leading contender in delivering opportunities to startup businesses world-wide and continues to create new opportunities for its clients and its shareholders. Newnote has a clear vision on the direction in which this new and unique business is headed and is continually adjusting and adopting new business practices in both technology and the policies & procedures required by banks and securities regulators.

Forward-Looking Information:

This press release may include forward-looking information within the meaning of Canadian securities legislation, concerning the business and trading in the common stock of Newnote Financial Corp. The forward-looking information is based on certain key expectations and assumptions made by the company’s management. Although the company believes that the expectations and assumptions on which such forward-looking information is based are reasonable, undue reliance should not be placed on the forward-looking information because the company can give no assurance that they will prove to be correct. These forward-looking statements are made as of the date of this press release and the company disclaims any intent or obligation to update publicly any forward-looking information, whether as a result of new information, future events or results or otherwise, other than as required by applicable securities laws.

The CSE has not reviewed, approved or disapproved the content of this press release.

SOURCE Newnote Financial Corp.

Newnote Financial Contact Information: Paul Dickson, President, CEO & Director, Newnote Financial Corp., CSE: NEU; OTCQB: NWWTF; FSE: 1W4, Suite 709-700 West Pender Street, Vancouver, BC V6C 1G8, Phone: 604-229-0480, Fax: 604-685-3833, Web:, Bitcoin exchange:, Online store builder: www.PayIvy.comCopyright CNW Group 2015

CLIENT FEATURE: Newnote (NEU: CSE) Canada’s Only Publicly Traded Bitcoin Company

Posted by AGORACOM-JC at 2:22 PM on Tuesday, June 9th, 2015

Why Newnote Financial?

  • Pioneering innovative crypto-currency related software products and services geared at this growing global market
  • Positioned as a leader in delivering opportunities for companies and businesses wishing to participate in the Bitcoin economy while continuing to create value for our shareholders and stakeholders
  • Developing its own philanthropic crypto-currency, opened a datacenter for Bitcoin mining, secured over 100 terahashes for its cloud hashing services

Recent Highlights

  • Acquired, a Paid-To-Surf advertising platform enabling web surfers to obtain Bitcoin by visiting advertisers web sites.
  • Announced live public beta launch of proprietary crypto-currency exchange, Puretrade. Puretrade enables users to trade Bitcoin, as well as other crypto-currency coin-pairings such as Bitcoin for Litecoin and vice-versa
  • Announced it has purchased an equity position in the crypto-currency payment processor Coinpayments Inc.
  • Entered into Strategic Partnership with Net-Cents to Enable Clients to Instantly Convert Crypto Currency to Fiat and Transfer Funds
  • Announced it has been retained by Silver Phoenix Resources Inc. (CSE: SP) to develop the worlds first Net Smelter Return (NSR) backed crypto-currency
  • Successfully development and launch of the first open-source gold-backed alternative crypto-currency, commissioned by Anthem Vault Inc. Anthem Vault is a leading technological innovator in the bullion markets and precious metals dealer offering fractional investment in one-kilo gold bars and COMEX-approved 1,000 oz. silver bars

Dedicated bitcoin mining Colocation Data Center

  • Secure underground Canadian facility is designed to handle the need for power and cooling for even the most powerful mining equipment.
  • Facility runs on 100% renewable energy, and has world-class security and energy infrastructure.
  • Miners can host their energy intensive mining equipment, which company will install in our facility, and they can remotely manage and mine Bitcoin or various altcoins of their choosing.

Growing network of ABM machines will allow people to conveniently buy bitcoin using their local fiat currency

Company ABM is quick and flexible. Some key advantages:

  • Fiat to Bitcoin in fifteen seconds
  • Accepts notes from over 200 countries
  • Supports leading exchanges, wallets and price feeds
  • Coded and audited by network security experts
  • Intuitive and simple user interface

Physical security is a priority, and the ABM has an internal steel vault that can be securely bolted to wall, stand, or countertop.

Charity Coin

  • Bringomg a new source of revenue for global charities.
  • When CryptoAid generates a coin, part of the currency will go to the miner and part goes to a pool of charities chosen by the CryptoAid community.

12 Month Chart