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| April 21, 2018

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U.S. reportedly raises objections to state-run Chinese company taking control of Long Beach port terminal

April 20, 2018 |

U.S. regulators are reportedly raising objections that Cosco Shipping, a state-run Chinese company, could take control of a container terminal at the Port of Long Beach as part of its $ 6.3-billion acquisition of another company.

The concerns have been raised by the Committee on Foreign Investment…


L.A. Times – Business

PR: Blockchain Enabled Streaming Ecosystem White Rabbit Partners with Media Production Company K5

April 20, 2018 |

Streaming Ecosystem White Rabbit Partners with Media Production Company K5

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.

OSLO, Norway — White Rabbit, a blockchain company developing a streaming ecosystem that enables users to reward the films and series they stream, on whatever peer-to-peer platform they choose to stream from, has announced a strategic partnership with K5 International, a subdivision of financing and production company K5 Media Group, which has produced several Oscar-nominated motion pictures.

Co-founder of K5 Daniel Baur will join White Rabbit’s advisory board and provide legal access to over 50 films in K5’s library.

The details of the deal are undisclosed.

“I have been actively searching the blockchain space for over a year, looking for companies that can have a massive impact on the film industry,” Mr. Baur stated. “With White Rabbit, I saw a product that properly integrates blockchain and embraces the existing entertainment industry and fans in a unique way.”

“Such deals show that the conservative cinema industry is becoming interested in innovative technological solutions, and that our WRT token will have a very decent real-life application,” said Alan R. Milligan, CEO and co-founder of White Rabbit.

White Rabbit is currently under development. Once deployed, it will act as a browser plugin that recognizes any sort of movies or TV series streamed online, and, thanks to blockchain technology, enables direct and secure payments for said content to the copyright holders. Additionally, all purchased items will be continuously available to the user in a library known as the Rabbit Hole. All transactions on the platform will be effected in the native tokens of WRT.

“We’re disrupting the new studios subscription model, to ensure greater rewards and transparency for producers, talent, investors and fans. We do this by ensuring fair access for films and series, competition in streaming services and diversity of content,” Mr. Milligan added.

In addition, White Rabbit has also added new tech executives from Blockchangers, which is one of Europe’s biggest blockchain companies. Joining the project are Jonas Therkelson as CTO; Jon Ramvi as lead blockchain developer; and Robin Pedersen as full stack developer.

“We are incredibly excited to have K5, Daniel Baur and the Blockchangers team support our mission to ensure a legal, innovative P2P streaming market, offering fans the choice and access they deserve and the industry a transparent and instant monetization model for rights holders, film investors and talent,” Mr. Milligan said.

White Rabbit’s whitelist registration for its token sale is currently open. The project intends to issue its MVP (minimum viable product) in the second quarter of 2018. A Telegram group for potential contributors is also available.

ABOUT WHITE RABBIT
White Rabbit is solution which includes a browser plugin that aims to resolve the failing business model of digital distribution of film and television series. By offering a peer to peer tokenized system powered by blockchain technology, users can access content globally, reduce cost by paying producers and creatives directly, revenue share with streaming sites to encourage an innovative streaming market and offer a transparent and instant monetization model for producers, investors, artists and entertainers. All purchased items will remain available to the user in the library.

ABOUT K5
K5 has been in the vanguard for many years. The company launched freeX in 1993, the first ever German script development agency; founded K5 Film, a production company with a studio-like package deal with Bavaria Film; and established the digital content company Nowtilus, which became the German market leader in only three years before selling the company to Rovi. The company is developing a mobile AR game based on the world Andrew Niccol created in ANON, ultimately to be played on a PlayStation and going full VR.

Contacts

Website: https://whiterabbit.one
Telergam: https://t.me/jumpin
Email: token@whiterabbit.one

Contact Email Address
token@whiterabbit.one
Supporting Link
https://whiterabbit.one
https://t.me/jumpin

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: Blockchain Enabled Streaming Ecosystem White Rabbit Partners with Media Production Company K5 appeared first on Bitcoin News.

Bitcoin News

Novartis Bets $8.7 Billion on Gene-Therapy Company

April 9, 2018 |

Novartis agreed to buy U.S.-based gene-therapy company AveXis for $ 8.7 billion, marking the first big bet by the Swiss drug giant’s new chief as he looks to deals to refresh his drug-development pipeline.
WSJ.com: US Business

PR: Smart Contract Template Company Smart Startup Looking to Bring Blockchain to the Masses

April 5, 2018 |

Smart Contract Template Company Smart Startup

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.

The startup economy is worth trillions of dollars but a large majority of these startups and small businesses do not yet have the resources or access to the technological advancements of blockchain technology and the benefits that smart contracts provide.

UK based Smart Startup Company, founded by social and technology entrepreneur Simon Krystman aims to make it simple for ordinary businesses to benefit from the transparency and security provided by the blockchain, by launching SMRT (Smart Startup Token) contracts. The aim is to create a frictionless trade platform for startups and SMEs.

SMRT describes itself as a “vending machine for legal documents” that are then secured in the blockchain. The need to create contracts can be extremely onerous for start-ups, in terms of both money and time. Blockchain offers the opportunity to make enforcement cheaper and easier. However, few small businesses have the resources or understanding of blockchain technology to utilise it. The SMRT templates will cover the contractual areas that startups and small businesses encounter, such as shareholder and intellectual property agreements. They will also cover finance and trading agreements in the way the Ethereum blockchain was originally designed for.

Simon Krystman explained: “Established trading marketplaces could benefit enormously from our smart contracts, as buyers and sellers will have automatically enforced agreements to transfer money for goods and services. They also open the way for many new decentralised marketplaces, where the smart contracts are the enforcements of trade. Small businesses would be able to buy bundles of our smart contract templates to facilitate their sell/buy trades.”

The pre-ICO for investors is now open and ends on the 21st April 2018. Pre-ICO investors will receive a 50% Bonus for any SMRT purchases.

Team
The SMRT team are highly skilled and experienced in running successful businesses. They have a wide variety of talent, connections and expertise in blockchain, AI, entrepreneurship, funding, intellectual property, government and regulation, giving SMRT a very solid base. Some team members are working in an advisory capacity, while holding down high-profile jobs in industry, government and academia. Others are working full time to build the infrastructure of a world leading company. Upon completion of the ICO, the team will be expanding to bring onboard more in-house software developers, lawyers and finance specialists, building an internal infrastructure and one to manage partners.

Syed Kamall, Member of the European Parliament is the Regulatory Advisor to the SMRT Project, advised; “The technology offers some very exciting opportunities but as legislators internationally, we must also make sure that consumers have trust in it. Blockchain and smart contracts will be a game changer for startups.”

Simon Krystman concluded; “The core of our company is the marriage of legal agreements with blockchain software code, supported by data science and AI. Our key partners represent this core and employ leading practitioners in their respective domains.”

50% Bonus for Pre-ICO contributors
Visit https://smartstartuptoken.tech to find out more and join the Pre-ICO now.

Please note due to regulation, Chinese and US investors are excluded from contribution during the Pre-ICO.

Risk Warning

This article is for information and discussion purposes only and does not form a recommendation to invest or otherwise. The value of an investment may fall. Your capital is at risk. The investments referred to in this article may not be suitable for all investors, and if in doubt, an investor should seek advice from a qualified investment adviser.

Contact Email Address
contact@smartstartuptoken.tech
Supporting Link
https://smartstartuptoken.tech

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: Smart Contract Template Company Smart Startup Looking to Bring Blockchain to the Masses appeared first on Bitcoin News.

Bitcoin News

Nike’s HR Chief Says Company Fails to Promote Enough Women, Minorities—Memo

April 5, 2018 |

Nike Inc.’s top human-resources executive told employees that the company “has failed to gain traction” in hiring and promoting women and minorities.
WSJ.com: US Business

Spotify’s non-IPO: Stock leaps from reference price, valuing the company at $28 billion

April 3, 2018 |

Spotify Technology SA’s stock jumped from its reference price Tuesday after it began trading through a direct listing.

The streaming-music company skipped the traditional initial public offering process, instead choosing a route rarely taken by large, established companies. The stock was trading…


L.A. Times – Business

Chinese Engineer Arrested for Stealing 100 Bitcoin From His Own Company

April 2, 2018 |

Chinese Engineer Arrested for Stealing 100 Bitcoin From His Own Company

Who Watches the Watchmen? An engineer from Beijing has been arrested after allegedly discovering a failed hacking attempt to his company and taking advantage of the situation to steal some of the money for himself. 90% of the loot has been returned but he can still go to jail for as much as seven years.

Also Read: Interest in Bitcoin and Cryptocurrency Jobs Peaked in December 2017

An Inside Job

Chinese Engineer Arrested for Stealing 100 Bitcoin From His Own CompanyZhong Mo, a tech company employee, allegedly used his position to steal 100 bitcoins from his employer. The Haidian police recently confirmed his arrest for the crime of illegally acquiring computer information. Haidian is the area where most universities are located in Beijing and contains the Zhongguancun electronics district where many tech companies have their Chinese headquarters, locally known as “China’s Silicon Valley.”

The prosecutors of the Science and Technology Criminal Investigation Department of Haidian investigated the case and found that the accused was an operation and maintenance engineer of a technology company. The claims are that during a routine maintenance of the company’s server, he found out that someone tried to steal the company’s cryptocurrency by hacking, but failed. After eliminating the abnormal interference, the engineer used his administrator’s authority to log in to the server himself and insert a piece of code to transfer 100 bitcoins from the company’s holdings to his own account registered on a website outside China. He also tried to eliminate traces of the act, taking steps to avoid tracking.

The Thief Falls Victim to Another Crime

Chinese Engineer Arrested for Stealing 100 Bitcoin From His Own CompanyAfter losing 10 bitcoins to a phishing scam and apparently getting cold feet, the employee returned the remaining 90 bitcoins to the company. According to the exchange rate at the time of the incident, September 16, 2017, 100 bitcoins were worth about $ 380,000. Local reports claim that this is the first case of bitcoin theft handled by the police in Beijing.

The prosecutor in the case said that according to China’s Criminal Law, violating state regulations regarding data stored in a computer system, the employee can be sentenced to imprisonment of no more than three years, but if the circumstances are found to be particularly serious he can face up to seven years in prison, plus a fine.

Earlier in 2017 another Chinese citizen was arrested for stealing bitcoins. The programmer was arrested in Shanghai for an alleged theft of ¥20 million (about $ 3 million).

How should companies guard against employees taking advantage of access to their bitcoin wallets? Tell us in the comments section below.


Images courtesy of Shutterstock.


Do you like to research and read about Bitcoin technology? Check out Bitcoin.com’s Wiki page for an in-depth look at Bitcoin’s innovative technology and interesting history.

The post Chinese Engineer Arrested for Stealing 100 Bitcoin From His Own Company appeared first on Bitcoin News.

Bitcoin News

Mailchimp Latest Company to Ban Cryptocurrency Advertising

March 31, 2018 |

Mailchimp Latest Company to Ban Cryptocurrency Advertising

Popular email automation company, Mailchimp, has become the latest company to ban promotional materials pertaining to initial coin offerings and cryptocurrencies. The ban is formally acknowledged in the company’s new terms of service, which was updated on March 29.

Also Read: Two Turkish Imams Fired for Allegedly Investing in Bitcoin

Mailchimp Prohibits Emails Promoting Cryptocurrencies

Mailchimp Latest Company to Ban Cryptocurrency AdvertisingLeading email automation services provider, Mailchimp, recently updated its terms of service – revealing that the company has chosen to crack down on the promotion of initial coin offerings and virtual currencies through its services.

Cryptocurrencies are now addressed at the bottom of the “Prohibited Content” section of Mailchimp’s acceptable use policy. The policy states that the company will not “allow businesses involved in any aspect of the sale, transaction, exchange, storage, marketing or production of cryptocurrencies, virtual currencies, and any digital assets related to an Initial Coin Offering, to use MailChimp to facilitate or support any of those activities.”

New Policy to be Enforced From April 30th

Reports have cited an email sent to a Mailchimp customer requesting further information regarding the company’s decision to prohibit the promotion of cryptocurrencies.

Said email claims that virtual currencies are “too frequently associated with scams, fraud, phishing, and potentially misleading business practices,” adding that Mailchimp “made th[e] decision to update our Acceptable Use Policy in order to protect the millions of businesses that use MailChimp for their marketing.”

The email also indicates that the new policy will not into effect until April 30th.

Number of Major Internet Companies Initiating Crypto Advertising Crackdowns Continues to Grow

Mailchimp Latest Company to Ban Cryptocurrency Advertising2018 has seen a sudden proliferation in the number of major internet companies seeking to reign-in the use of their platforms for the purposes of advertising initial coin offerings and cryptocurrencies.

On the 30th of January, Facebook announced a new advertising policy that saw the prohibiting of “ads that promote financial products and services that are frequently associated with misleading or deceptive promotional practices, such as binary options, initial coin offerings and cryptocurrency.”

On Tuesday, March 27, Twitter updated its Restricted Content Policies with regard to the promotion of financial services and related content – which now outlines provisions regarding “cryptocurrency ICOs” and “Cryptocurrency token sales.” According to news.Bitcoin.com’s coverage of the matter, “any advertisement for financial products and services must be compatible with all applicable laws in each country, provide necessary disclosures, balanced information of risks and benefits, and all information that must be provided to the investor. Moreover, the network will now only allow ads by cryptocurrency exchanges and wallet services that are publicly-listed companies on major stock markets.”

Earlier this month, Google announced upcoming changes to its policies regarding the advertising of financial products in June. The new policy will see ads “initial coin offerings, cryptocurrency exchanges, cryptocurrency wallets, and cryptocurrency trading advice” blocked from being served to viewers. Despite the estimation that the new policy will come into effect in June, anecdotal evidence suggests that Google may already be making efforts to prevent crypto ads from being served.

Do you think that more companies will restrict cryptocurrency advertising on their platforms? Share your thoughts in the comments section below!


Images courtesy of Shutterstock


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The post Mailchimp Latest Company to Ban Cryptocurrency Advertising appeared first on Bitcoin News.

Bitcoin News