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#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


#Blockchain Gets a Wall Street Win: ‘We Know the Thing Works Now’ $ #Blockstation $ $ $

Posted by AGORACOM-JC at 10:27 AM on Monday, November 20th, 2017

By: Matthew Leising

November 20, 2017, 5:00 AM EST
  • Test of tracking equity swaps with blockchain deemed a success
  • Firms including Goldman Sachs, JPMorgan did a six-month trial

The program, managed by blockchain startup Axoni, kept track of the swaps contracts after they were executed, recording things like amendments or termination of the deals, stock splits and dividends, and achieved a “100 percent success rate,” Axoni said in a statement Monday. Other participants include the Canada Pension Plan Investment Board, Citigroup Inc., BNP Paribas SA and Credit Suisse Group AG.

“We’re on a path to take this forward,” Axoni Chief Executive Officer Greg Schvey said in an interview. “We know the thing works now.”

Blockchain software has captivated Wall Street because it could vastly reduce the cost of back-office operations and speed up trade clearing and settlement times. Banks have to set aside capital while they wait for transactions to be settled, so billions of dollars could be freed up for other uses if trade times go down to minutes from days or even weeks.

Axoni is far from alone in offering banks the ability to experiment with blockchain. Its competitors include Digital Asset Holdings, Symbiont, R3 and Chain.

Read More: All About Bitcoin, Blockchain and Their Crypto World

A blockchain system for equity swaps works to speed transaction times because the banks and asset managers all become members of a network that shares a so-called distributed ledger. Each member has an up-to-date copy of the ledger, so when payments need to go from one participant to another they can be processed almost in real time.

“Fewer valuation disputes, less reconciliation and real-time access to data would benefit all of the industry,” Adam Herrmann, global head of prime finance at Citigroup, said in the statement.

Smart Contracts

The program was all done in a test environment with no real trades being processed by Axoni’s AxCore blockchain software. No money changed hands either; the plan is that current systems like Fedwire or Swift will be used if the program goes live, Schvey said. He declined to say when blockchain for the equity swaps market will be done for real.

A similar test to move parts of the credit-default swap market onto a blockchain for post-trade processing uses the same system as in the equity-swaps model, Schvey said. AxCore uses smart contracts, the heart of the ethereum blockchain network, with a few tweaks.

“It looks and feels a lot like ethereum, but with a lot of differences,” such as changes to enhance scalability, privacy and security, Schvey said.


FEATURE: Legendary Financier, Sheldon Inwentash, Sets His Focus On #Blockchain Themed Technologies and Tells Investors “Stay Tuned” #ThreeD $ $ $

Posted by AGORACOM-JC at 12:29 PM on Monday, November 13th, 2017

Threed capital


ThreeD Capital (IDK:CSE) recently issued a Press Release Announcing It Had Revised It’s Investment Verticals, With A Hard Focus On Blockchain Themed Technologies.  Many of you don’t know ThreeD Capital – Just Yet – but you do know it’s Founder, Chairman and CEO, Sheldon Inwentash.  If you don’t, then you’re about to make your discovery of the year.


In short, when Sheldon Inwentash speaks, listeners stand to make a lot of money.  A lot.  He spoke today about why he’s set his sights on the Blockchain.  His most powerful words were his final two … “Stay Tuned”.

FEATURE: Meet The World’s First Electronic Communication Network For Digital Currencies, Annual Gross Trades: $943 BILLION #Blockstation $ $ $

Posted by AGORACOM-JC at 11:41 AM on Wednesday, November 8th, 2017

Why Blockstation

You need a stock exchange to trade stocks, but how do you trade cryptocurrencies?

  • Meet the first MARKET DELIVERY SYSTEM For BlockChain Tokens
  • Annual Gross Trades: $943 BILLION
  • Yearly Transactions Up 437%
  • Yearly volume Up 1485%

World’s First Electronic Communication Network For Digital Currencies

  • 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 auditable reference quotes, allowing Blockchain Tokens to be accessed by traditional financial institutions and on-line retail trading platforms.
  • Electronic Communications Network  has been built using the methods and design principals of BATS, BRUT, Archipelago and Island

Creating a familiar gateway to the traditional financial industry we not only have enabled the inclusion of millions of participants who might not otherwise have had the ability to access modern Digital Currency markets, we have also provided incredibly new instruments and revenue streams for Clients.


What is #blockchain ? The tech that underpins the biggest #cryptocurrency in the world is branching out #Bitcoin #ThreeD $ #Blockstation

Posted by AGORACOM-JC at 11:32 AM on Thursday, November 2nd, 2017

  • The tech that underpins the biggest cryptocurrency in the world is branching out
  • blockchain gives professionals a means to securely store data in ordered records that update in real time
  • blockchain is revolutionising the way vital information is stored and accessed

In 2017 we are not short of new concepts claiming to be innovations in technology and the next big thing. Despite that, few have made as much of an impact as blockchain. Often described as a distributed database, blockchain gives professionals a means to securely store data in ordered records that update in real time. While it is often overshadowed in the news by the technology it powers, such as Bitcoin, blockchain is revolutionising the way vital information is stored and accessed.

The rise of cryptocurrencies has allowed blockchain technology to flourish, and its role as a public ledger is proving fundamental to the success of Bitcoin. The peer-to-peer network and timestamping server that makes up Bitcoin’s blockchain allows it to track every transaction on the currency in real time. Digital currencies simply wouldn’t work without it.

New use cases

Blockchain first emerged as a ledger for Bitcoin in 2008, yet the original creator of the technology remains unknown. The individual widely cited as its creator is Satoshi Nakamoto, yet this is likely a pseudonym and possibly refers to more than one person.

It was primarily introduced to fix the issue of ‘double-spending’, a technical flaw that allowed people to transfer the same digital tokens multiple times. Yet it also allowed for a decentralised currency, free from government oversight and layers of bureaucracy.

Although it’s early years were tied to Bitcoin, it became quickly apparent that a public ledger could be applied to many other industries. It’s incredibly secure, fault tolerant systems are able to store data in a decentralised way, providing a ‘neutral’ place to house highly sensitive data, such as identity information and insurance records.

The rise of blocks

As the name suggests, Blockchain systems are organised into ‘blocks’, each one carrying a unique timestamp that can be linked back to an older block. That’s incredibly useful for industries where it’s essential to be able to track information by time and event.

Another great thing about blockchains is that they’re often highly resistant to editing. This means that once data has been recorded in a block, it can’t be retroactively changed. While normally this would be frustrating, it provides a means to accurately verify transactions. Creators of Blockchains are also able to configure them to trigger transactions automatically, increasing the efficiency and accuracy at which data is processed.

More affordable and efficient

As a decentralised type of public ledger, blockchains are commonly operated through thousands of global computers. Thanks to this, users are able to organise and audit information quickly and efficiently. In most scenarios, people running and using blockchain systems take collaborative approaches and may have common aims.

If you work in the financial services sector, for example, your main intention is to ensure that you have a safe, secure way to store and process customer transactions. A physical file room may have dominated in the past, but with technology like blockchain, you can process timely data more accurately.

Blockchain could also bode for more affordable financial processes and diminish the chance of fraudulent activity at the same time. Such systems are mainly in the experimental phase right now, but they’re always advancing and we’ll no doubt see more use cases come to light in the foreseeable future.

Public vs private

Much like the field of cloud computing, the function and implementation of blockchain can vary significantly depending on whether it’s designed to be public or private. The primary distinction between these types comes down to who can access a system.


Public blockchains operate a shared network that allows anyone to maintain the ledger and participate in the execution of blockchain protocol – in other words, authorise the creation of blocks. It’s essential for services such as Bitcoin, which operates the largest public blockchain, as it needs to encourage as many users as possible to its ledger to ensure the currency grows.

Public blockchains are considered entirely decentralised, but in order to maintain trust, they typically employ economic incentives, such as cryptocurrencies, and cryptographic verification. This verification process requires every user, or ‘node’, to solve increasingly complex and resource intensive problems known as a ‘proof of work’, in order to stay in sync.

This means public blockchains often require immense computational power to maintain the ledger, which only worsens as more nodes are added, and predicting how much that will increase is difficult. Given the number of voices in the community, it’s also incredibly difficult to reach a consensus on any technical changes to a public blockchain – as demonstrated by Bitcoin’s two recent hard forks.


Private blockchains arguably go against the spirit of the original concept. They’re entirely centralised within an organisation and enforce strict write permissions to only authorised users, although this may be in the form of existing members authorising a new entrant, or a regulatory body granting access.

They’re far more useful to a business over a shared public ledger, as they’re able to implement the technology into areas that require data to be hidden. They also typically offer permissioned based access, so that only those participating in a transaction will be able to see it recorded on the blockchain.

Having fewer users on the blockchain means transactions are typically much cheaper, as they require only a fraction of the computational power to fully verify. That smaller user base also ensures that any faults can be fixed almost immediately, and any technological improvements can be approved and implemented at a pace that fits the business.


The Best Long Term Blockchain SmallCap Stock? At $10 Million Market Cap and Backed By Sheldon Inwentash, ThreeD Capital $ Is The One

Posted by AGORACOM-JC at 10:04 AM on Thursday, November 2nd, 2017

Threed capital


ThreeD Capital (IDK:CSE) Issued A Press Release Announcing It Had Revised It’s Investment Verticals, With A Hard Focus On Blockchain Themed Technologies.  Many of you don’t know ThreeD Capital – Just Yet – but you do know it’s Founder, Chairman and CEO, Sheldon Inwentash.  If you don’t, then you’re about to make your discovery of the year.


    • Announced the appointment of Aly Madhavji to its Advisory Board
    • Incorporated a wholly owned subsidiary named Corp
    • will build a diverse portfolio of global Blockchain assets

In short, when Sheldon Inwentash speaks, listeners stand to make a lot of money.  A lot.  He spoke today about why he’s set his sights on the Blockchain.  His most powerful words were his final two … “Stay Tuned”.




INTERVIEW: Sheldon Inwentash. ThreeD Capital $ Puts Focus on #Blockchain Themed Technologies $ $ $

Posted by AGORACOM-JC at 8:55 PM on Thursday, October 26th, 2017

Legendary Small-Cap Financier, Sheldon Inwentash, Turns His Focus To Blockchain Investments. Find Out Why.