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| August 19, 2018

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Spending on business travel has been on the rise, but trade wars could derail growth, travel managers say

August 18, 2018 |

Spending on business travel has been surging over the last year, but that updraft is threatened by potential trade wars and a economic slowdown in the next year, according to a forecast by the global trade group for corporate travel managers.

“The direction of trade policy is far and away the biggest…


L.A. Times – Business

Wrangler Owner Looks to Exit Jeans Business

August 10, 2018 |

VF Corp., owner of Lee and Wrangler jeans, is exploring strategic options for its denim business that could include a sale or spin off of the classic American brands.
WSJ.com: US Business

Germany Vetoes Chinese Purchase of Business Citing Security Grounds

August 6, 2018 |

The German government has decided to ban for the first time the sale of a German company, Leifeld Metal Spinning, to a Chinese suitor on security grounds.
WSJ.com: What’s News Europe

Google’s Ad Business Helps to Offset European Fine

July 24, 2018 |

Alphabet reported sales and profit surpassing analysts’ estimates, a sign that its strength in online ads will help offset the impact of European regulations for online privacy and perceived abuses of its position in the market.
WSJ.com: US Business

Japanese Crypto Exchanges Submit Business Improvement Plans

July 24, 2018 |

Japanese Crypto Exchanges Submit Business Improvement Plans

Six government-approved cryptocurrency exchanges in Japan have submitted their business improvement plans to the country’s top financial regulator. While improving their internal systems, most have also engaged in different areas of business expansion.

Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space

Six Business Improvement Plans Submitted

Japanese Crypto Exchanges Submit Business Improvement PlansSix of Japan’s 16 government-approved cryptocurrency exchanges have submitted their business improvement plans to the country’s top financial regulator, the Financial Services Agency (FSA). On June 22, the FSA issued business improvement orders to Bitflyer, Bitpoint Japan, Bitbank, Btc Box, Quoine and Tech Bureau.

Complying with the orders, each of the six companies confirmed that they have submitted a written business improvement plan to the agency on Monday, July 23.

Bitflyer was ordered to improve in ten areas, Btc Box nine, Bitbank eight, and Quoine seven. Both Bitpoint and Tech Bureau were ordered to improve in six areas. The June 22 order was the second for Tech Bureau, the operator of the Zaif exchange.

Japanese Crypto Exchanges Submit Business Improvement PlansThe only company to receive an order for a “drastic review of [its] management system” was Bitflyer. The exchange, along with Quoine and Btc Box, also received an order to construct “a management system related to the exclusion of antisocial forces.”

Other improvement items the FSA ordered include “Building a legal compliance system,” “Establish a risk management system for money laundering and terrorist financing,” “Construction of a separation control system for user property,” “Establishment of a control system related to user protection measures,” and “Construction of the risk management system in accordance with the new handling or the like of the virtual currency.”

New Trading and Payment Tools

Japanese Crypto Exchanges Submit Business Improvement PlansSince receiving a business improvement order, Bitpoint has launched a couple of new services. A trading tool called Bitpoint Advance was launched on June 29. It is “designed to quickly deal with price information such as charts and board information…on one screen, without changing the screen,” the exchange described. The tool supports “both in-kind trading and leveraged transactions.”

Earlier this month, Bitpoint upgraded its crypto payment system for merchants called Bitpointpay, which now supports BCH, BTC, and ETH. The company detailed:

We have upgraded the version to correspond to bitcoin cash (BCH) with the aim of expanding the means of settlement for users … As a result of this upgrade, customers (payers) can choose to pay franchisees from the three types of virtual currencies.

Japanese Crypto Exchanges Submit Business Improvement Plans

Personnel Recruitment

After apologizing to its customers again on Monday, Bitbank wrote that they have “fundamentally reviewed the internal control system and management system.” The measures, according to the company, were made “in order to ensure proper and reliable operation of the business towards customers’ recovery of trust.”

Japanese Crypto Exchanges Submit Business Improvement PlansTo avoid future problems, Bitbank also indicated that they will “continue to review the management strategy and others.”

Last week, the company launched a career site to “strengthen its recruitment.” The site currently lists a number of vacancies to be filled such as various positions in engineering, design, marketing, PR, HR, internal audit and compliance. The company says:

We are currently growing rapidly, but we are looking for someone who can work together to grow more.

App Replacement

Japanese Crypto Exchanges Submit Business Improvement PlansZaif announced last week that its existing iOS and Android smartphone applications will be terminated on October 15. “Support will [also] be terminated on Tuesday, October 16, 2018,” the exchange wrote.

The company emphasized that deposits, withdrawals, and trading on the Zaif exchange will be unaffected, clarifying that “Currently we are developing dedicated new applications. We will make every effort to provide you with better service with a new official application.”

New Account Signups Still Suspended

Japanese Crypto Exchanges Submit Business Improvement PlansMeanwhile, Japan’s largest crypto exchange by trading volume, Bitflyer, issued a notice Monday stating that it “strictly observes the relevant laws and regulations and further strengthens the management system throughout the company.”

“We will make every effort to prevent recurrence and restore customer’s trust,” the company emphasized.

The exchange stopped accepting new customers immediately after receiving the improvement order on June 22. At the time of this writing, its website still shows:

We are currently pausing the account creation by new customers voluntarily in order to do our utmost to build a proper service management system and to improve our suggestions.

What do you think of how the Japanese crypto industry is evolving? Let us know in the comments section below.


Images courtesy of Shutterstock, Nikkei, Bitflyer, Bitbank, Bitpoint, Btc Box, and Zaif.


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The post Japanese Crypto Exchanges Submit Business Improvement Plans appeared first on Bitcoin News.

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Cops: Guy Picked Wrong Business to Break Into

July 13, 2018 |

The problem with breaking into an escape-room business is, well, the escape. Police in Vancouver, Washington, say Rye Wardlaw busted into NW Escape Experience overnight Sunday and ended up calling 911 because he couldn’t get out, reports USA Today . Authorities say the 40-year-old finally managed to escape through a back…
Newser

PR: Challenging Ethereum – DBX Public Chain Offers a New Business Application Model

July 13, 2018 |

Challenging Ethereum - DBX Public Chain Offers a New Business Application Model

This is a paid press release, which contains forward looking statements, and should be treated as advertising or promotional material. Bitcoin.com does not endorse nor support this product/service. Bitcoin.com is not responsible for or liable for any content, accuracy or quality within the press release.

As many of new public chains became available on mainnet this year and openly compete with blockchain product like Ethereum , 2018 has been known as ‘the first year of public chains’. Public chains have been drawing lots of attention in blockchain markets. DBXChain might be a main competitor to Ethereum in the near future.

DBXChain, released by an internationally well-known public chain research team named DBX Foundation, is a value-based ecosystem of data based upon blockchain. This new value-based ecosystem is a decentralized data community that provides a platform for users to explore and exchange data. It provides a safe data exchange process and users are able to own their data rights. This new ownership with data is based upon blockchain technology.

Original DDPoS optimizes the consensus mechanism of blockchain

DDPoS is a new consensus mechanism that is created by DBXChain for the first time in the world. It helps resolve oligarchy and security issues from DPoS consensus mechanism by EOS. As everyone knows, DPoS consensus mechanism is similar to a shareholding system and its problems are quite obvious: first, it has a low voting rate.

More than 90% shareholders never voted. It is because it takes time, energy and skills to vote, which are what most investors do not have. Additionally, there are many challenges dealing with bad nodes. If interfering nodes can’t be checked during a community election, it will put web security at risk.
Then, how does DDPoS help resolve security and oligarchy issues while keeping its capacity at the same level? DDPoS makes the whole node selection system “fluid” so that block producer becomes a role, not a node, and this role can be transferred to other candidate producers at any time.

With continuous data exchange at the bottom level of DBX public chain, the coupling level between a node and the whole ecosystem will be counted into an election system using weighted algorithm. During this process, users can vote at anytime, and DBXChain thus helps dodge potential bribery and security issues under DPoS system.

Enhance TPS and improves consensus efficiency

Blockchain is a distributed system, and a main factor that affects TPS is networks. Due to a large amount of nodes in a blockchain network are scattered around the world, the web state of each node is uncontrollable and it is hard to set a requirement to their bandwidth or to make sure everyone have access to stable network. This kind of situation is absolutely a disaster to TPS.

Compared with underlying systems of “classic blockchain” such as Bitcoin and Ethereum, DBXChain is able to support more nodes– more than ten thousand nodes, and allows users to sign up and quit at anytime. The algorithm uses a voting system among potential block producers and cryptography techniques to improve algorithm’s efficiency. Similar to PBFT Prepare/ Commit, the use of aggregated signatures reduces the size of voting signature from nodes and therefore reduces the use of bandwidth. It also requires to exchange data twice for a block among all confirmed nodes. In additional to provide a good security, it efficiently improves consensus performance of BFT.

Building a win-win ecosystem base on big data

DBXChain has massive data, also many users and clients as resources for support, which make this program special. Many projects invested by Top Venture Capitals had ecological cooperation with DBX. Thus, DBX Chain is able to merge a large amount of support and resources from these projects, which is absolutely a good starting point.

As it shows, the consensus mechanism by DDPoS has a promising future. These well-known resources in China chose DBXChain because they all needed internet that not only had high capacities, but was also highly secure and was able to prevent manipulations and bribery. All these requirements were met by DBXChain. In fact, DBXChain will support many developed businesses, which already has a large volume of data on classical internet. These data will test the capacity of DBXChain internet and its security. It is also why the new consensus mechanism of DDPoS and its public chain can outperform Ethereum and EOS in terms of democratization and security.

DataGame benefits its participants

DataGame is a DApp for crowd-sourcing data collection , where DBX demonstrates capacities and feasibility of its public chain. Every data collector can launch a data collecting game using a certain amount of DBX coins in areas such as AI, purchases and IOTs. Owners of data can get rewards by participating in games. They can also search data needed with high accuracy and pay for a specific amount based upon data size.

DataGame has largely lowered prerequisites to participate for data owners, making more valuable and long-tail data available for sharing. Additionally, DataGame has also reduced costs to obtain data so that more users are able to achieve goals and get a brand new experience in data exchange in the blockchain world. As we can see, for DBX to build a new data infrastructure, the first step is to use DataGame.

Obviously, the third generation of big data ecosystem will be more common, but this area will eventually become the most competitive among blockchain tycoons. In the face of big rival, we are looking forward to seeing if Ethereum will still be a leader in the public chain competition.

Press Contact Email Address
470295400@qq.com
Supporting Link
http://www.dbx.one/

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: Challenging Ethereum – DBX Public Chain Offers a New Business Application Model appeared first on Bitcoin News.

Bitcoin News

PR: genEOS – Blockchain 4.0 for Business Announced – Crowdsale Is Launched

July 13, 2018 |

genEOS – Blockchain 4.0 for Business Announced - Crowdsale Is Launched

This is a paid press release, which contains forward looking statements, and should be treated as advertising or promotional material. Bitcoin.com does not endorse nor support this product/service. Bitcoin.com is not responsible for or liable for any content, accuracy or quality within the press release.

Blockchain technology promises to transform business processes, bringing automated record-keeping and turning entirely secure, distributed, decentralized, and scalable applications into a new norm in the business world.

Today, there are technical and commercial obstacles that prevent widespread adoption of decentralized applications (Dapps) in the business community. The genEOS project was created to eliminate the barriers to adoption and build a community of business and technology professionals to deliver on the power of blockchain technology.

Fostering the adoption of decentralized business applications

Introducing an operating system-like environment, genEOS facilitates the development of Dapps that rival traditional web apps for speed, versatility, and ease of use.

Project participants can not only develop, create and launch their own business outcome-driven solutions on the top of blockchain 4.0 technology but also monetize unconsumed bandwidth by renting it out to third parties. There is a strong and growing team of blockchain experts who are ready to build and maintain business-critical Dapps to order.

Key genEOS ecosystem features:

– Ready-to-go development environment for Dapps of the enterprise-grade performance.
– Transaction rates at least equivalent to real-time transaction processing of standard Web 2.0 applications.
– Real-world decentralization combined with scalability and security across the network.
– The requirement for mining is eliminated, making energy costs comparable to those of traditional web applications.
– Open-source code available on GitHub for developers to consult and use to develop their own Dapps.
– Investors from any country can participate in the project, as a US-based non-profit foundation conducts the Secured Token Offering (STO) for genEOS.

genEOS tokens and crowdsale

genEOS tokens give project participants access to the ecosystem and its specific resources such as computing features, storage features, monetization features, etc. The genEOS project has already launched the token crowdsale at [https://geneos.io/] that includes 176 distribution periods (‘windows’) and ends on December 23, 2018.

Allowing the purchase of genEOS tokens with Ethereum (ETH) and fiat currencies (USD, EUR, and CNY), they intend to generate $ 2 million USD as a soft cap through the STO event. All investors need to go through the KYC procedure before the token sale is over.

Project Partners

Those individuals and businesses share the genEOS’ vision and commitments towards creating a powerful, fast, and secure decentralized ecosystem that lets businesses design and deploy their own blockchain applications are always welcome to join the project.

genEOS’ advisory partner, OpenLedger ApS, has considerable experience of conducting successful ICOs and building successful blockchain-as-a-Service applications, including a decentralized trading platform. Ronny Boesing, the OpenLedger founder and CEO, is a serial technology entrepreneur who has been working with the thought leaders of blockchain technology since 2014.

Aetsoft is the project’s technology partner. The company has been on a mission of assisting businesses in developing custom blockchains as well as creating and implementing next-gen business applications on Ethereum, Graphene, and EOS blockchains.

NextGenOne llc, a non-profit organization registered in the United States of America, carries out STO as a SAFT type PPM for the genEOS project, ensuring transparency while using the latest guidance from the US SEC and US FINRA.

To learn more about genEOS or get involved in the project, please visit their website [https://geneos.io/] or read their White Paper [https://geneos.io/assets/files/geneos_white_paper.pdf].

Join the genEOS group on Telegram and subscribe to our Twitter updates.

Press Contact Email Address
mt@openledger.info
Supporting Link
https://geneos.io/

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

The post PR: genEOS – Blockchain 4.0 for Business Announced – Crowdsale Is Launched appeared first on Bitcoin News.

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