SimplyVital Health, Inc. Awarded Competitive Grant from the National Science Foundation for its HIPAA Compatible Blockchain Protocol 23881

SimplyVital Health, Inc. (SVH) has been awarded a National Science Foundation (NSF) Small Business Technology Transfer (STTR) grant for $225,000 to conduct research and development (R&D) on the integration of the Graphene protocol with SVH’s Health Insurance Portability and Accountability Act (HIPAA) compatible blockchain protocol, Nexus. Graphene is a breakthrough in block propagation technology that requires a fraction of network resources, improving the performance of the blockchain while lowering its costs.

The broader impact of SVH’s research is to decrease healthcare costs by enabling data access through blockchain. Healthcare, globally, suffers from a lack of trust and value, halting the accessibility of beneficial healthcare information. Utilizing their experience in healthcare administration and advanced technology, SVH solved for trust and value, creating an avenue for safe data access.

“NSF is proud to support the technology of the future by funding the most creative, impactful ideas,” said Andrea Belz, Division Director of the Division of Industrial Innovation and Partnerships at NSF. “With our support, deep technology startups can guide basic science into meaningful solutions that address tremendous needs.”

“This grant is transformative and endorses blockchain as a viable tool to re-engineer healthcare,” said Kat Kuzmeskas, SVH’s CEO, “We are thrilled to represent the NSF with our blockchain work.”

NSF accepts Phase I proposals in June and December from small businesses with innovative science and technology solutions, and commercial potential. All proposals submitted to the NSF SBIR/STTR program undergo a rigorous merit-based review process.

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Bahrain to Fast-track Setup Process for Global Startups 21265

Bahrain

The Bahrain Economic Development Board (EDB) – the investment promotion agency for the Kingdom of Bahrain in partnership with Web Summit – announced today a fast-track setup process for startups globally looking to take advantage of the business environment and startup ecosystem in Bahrain. The initiative will also enable startups to access the broader MENA region markets with the hyper-connected Kingdom of Bahrain as their launchpad.

The announcement was made prior to the leading annual technology conference Web Summit 2019, which will be attended by a high-level delegation from Team Bahrain to include; the EDB, Tamkeem (Bahrain Labour Fund), Bahrain Chamber of Commerce and Industry, Bahraini startups and accelerators. International startups and related entities interested in learning more about Bahrain startup ecosystem, and the benefits Bahrain has to offer, are encouraged to visit the Bahrain EDB stand – no. E359, pavilion 3 – where a team will be on hand for the duration of the summit (November 5 – 7) to answer any questions.

The fast-track setup process is a free service offered through a dedicated concierge, and includes:

  • A fast-tracked entry process which will cover residency, visa requirements and business registration
  • Guidance from Bahrain’s incubators and accelerators, as well as access to their networks and programmes that will provide businesses with the connections they need to grow and expand
  • Access to grants and financial support

The initiative will allow businesses and startups to benefit from the full ecosystem in Bahrain, which boasts operating costs up to 40% lower than its neighbours, one of the region’s most highly skilled local workforces and some of the most advanced soft infrastructure in MENA. Sitting at the nexus of the Middle East, the Kingdom offers a convenient springboard into the wider region opportunity, including its largest market, Saudi Arabia.

Commenting on this announcement, Ms. Pakiza Abdulrahman, Manager of Business Development – Startups at Bahrain EDB said:

“International startups can benefit hugely from the entrepreneurial support structure in Bahrain – offering access to capital, talent and new markets. With a hassle-free approach to setting up businesses in Bahrain, there is no better base to scale across the growing $1.5 trillion Gulf market.”

Michael Cunningham, Senior Vice President of Partnerships at the Web Summit said:

“We’re glad to see startup initiatives like that of the Bahrain Economic Development Board. It will be great that startups present at this year’s Web Summit will be able to benefit from their efforts.”

In recent years, Bahrain has expended considerable resources diversifying away from a previous focus on hydrocarbons. It now enjoys a burgeoning and increasingly dynamic digital economy; a maturing tech community; and a rapidly growing FinTech ecosystem. The Kingdom’s pioneering, agile and flexible regulatory framework allows it to regulate emerging technologies – such as open banking and cryptocurrencies – in a way other jurisdictions simply cannot. Thanks to this, Bahrain has earned a reputation as the region’s de facto test-bed for cutting edge technologies.

Malta MFSA Warning – Bitcoin Future 20670

The Malta Financial Services Authority (“MFSA”) has become aware of an entity by the name of Bitcoin Future. This entity appears to present the same deceitful characteristics as another entity, Bitcoin Revolution, against which the MFSA has already issued public warnings on 25 January 2019 and on 29 August 2019.

Such entities have been constantly resurfacing on the internet as adverts, and are operating under various names. These fake adverts claim to provide a “Way to build your life better” and a “Unique opportunity for Maltese”, and are currently operating through the following internet addresses: https://bit.ly/2IS0YeT and https://bit.ly/2IOE7ks.

Bitcoin Future is promoting itself by means of fake news articles which misuse images of local personalities and images of local government institutions. The fake articles are advertised on various social media platforms and falsely claim to be linked to these individuals

Bitcoin Future is NOT a Maltese registered Company, NEITHER is the entity operating under the transitory provision in terms of Article 62 of the Virtual Financial Assets Act (Cap 590 of the Laws of Malta) NOR is it authorised to provide any financial services in or from Malta.

Furthermore, information available to the MFSA suggests that Bitcoin Future is likely to be an international “get-rich-quick” cryptocurrency scam. The public should therefore refrain from undertaking any business or transactions with the entity operating under the abovementioned names.

The MFSA strongly advises investors and consumers of financial services that prior to making any investment or entering into any financial services transaction they should make sure that the entity with whom the investment or transaction is being made is authorised to provide such services by the MFSA or another financial services regulatory authority as applicable.

A list of entities licensed by the MFSA can be viewed on the official website of the MFSA at https://www.mfsa.mt/financial-services-register/ .

For more information on cryptocurrency scams please refer to the Scam Detection Guidelines issued by the MFSA at https://www.mfsa.mt/consumers/scams-warnings/typical-scams/. If you are a victim of a cryptocurrency scam or any other type of financial scam or think you might be dealing with an unauthorised entity, first of all stop all transactions with the company and contact the Authority at https://www.mfsa.mt/about-us/contact/ as soon as a suspicion arises.

OKEx Announces 14 Partnerships to Expand Adoption of Its Native Token OKB 22789

OKEx

OKEx, the world-leading cryptocurrency exchange, has announced partnerships with 14 service providers, covering lifestyle, decentralized finance, and cybersecurity, to promote the adoption of OKB, the global utility token of the exchange.

Travelling, gaming, and mobile surfing comprise an essential part of the everyday life of many people nowadays. Now, with OKB, its users can easily book hotel stays, top up mobile, or gear up gaming experience via a range of lifestyle partners.

  1. Litex — Top up your mobile & fuel card with OKB
    LITEX, the largest commercialized layer2 ecology worldwide, is able to realize off-chain transaction and cross-chain communication to solve the main technical pain points of blockchain. It supports over 100,000 TPS off-chain with zero transaction fees.
  2. Tripio — Book your stay at 450,000+ hotels worldwide with OKB
    Tripio is the world’s first decentralized travel booking marketplace based on blockchain. It leverages blockchain technology to connect global customers to over 450,000 hotels worldwide with authentic reviews, accurate room status updates, and lower fees.
  3. TrueChain — Shop at hundreds of merchants with OKB
    TrueChain has partnered with OKB to push the adoption of the token in hundreds of physical stores by leveraging the resources from projects in Korea, ThailandVietnam, etc. TrueChain is the world’s first public chain that implemented the PoW + PBFT hybrid consensus. It offers DApp and financial transaction services with high performance and security.
  4. QLC Chain — Redeem mobile communication services with OKB
    QLC Chain has enabled its users to redeem and top up its blockchain-driven mobile services with OKB. QLC Chain is the next-generation public chain for Network-as-a-Service (NaaS, enabling everyone to operate and benefit from network services.
  5. Lucia — Rent a room from a trustworthy community with OKB
    Lucia is a blockchain-based rental platform that aims to create a trustworthy, mutually beneficial community. The platform leverage blockchain tech and smart contract to build a rental community based on trust.
  6. BitTorrent — Upgrade to fast, ad-free file transfer service with OKB
    BitTorrent is a popular application for transferring files around the internet. With it, you can download movies, TV shows, games, and more to your favorite devices. Now you can subscribe for BitTorrent service with OKB for a high-speed, ad-free downloading experience.
  7. FishChain — Up your game with OKB
    FishChain is a virtual asset trading platform built-in gameplay, as well as a blockchain game built into the exchange. FishChain extends the mature collection and form game to the blockchain, providing safer, faster, more transparent and traceable virtual asset services to 50 million players worldwide. There are many fun game-plays in FishChain, mining, trading, fishing, breeding, fighting, mixing, gene combination and so on.

Nexo Cuts Borrowing Rates to 5.9% APR After Securing Cost-Efficient Institutional Financing 21549

Nexo, the leading crypto lending institution, is pleased to announce that having secured long-term cost-efficient financing, it has significantly lowered the rates on its signature Instant Crypto Credit Lines to the benefit of its customers, effectively offering one of the lowest APRs (Annual Percentage Rates) in the blockchain space:

  • The APR on Nexo’s Instant Crypto Credit Lines now starts at only 5.9% with no hidden fees, no minimum repayment requirements and no credit checks which ensures maximum flexibility for clients to borrow against their crypto assets in 40+ fiat currencies across more than 200 jurisdictions.
  • Unlike most lenders in the blockchain space that charge up to 4% in origination fees and 5-13% in liquidation fees, Nexo conducts business without any additional charges as an extension of its #ZeroFees initiative
  • The rate cut is the result of the company’s ongoing effort to bring down its funding costs by utilizing Nexo’s extensive network of financial partners and access to institutional liquidity.
  • The lowered interest rates for Nexo’s Instant Crypto Credit Lines mean а larger volume of business which in turn ensures ever-growing dividend payments for NEXO Token Holders.
  • Regardless of the reduction of borrowing rates, the interest on Nexo’s ‘Earn Interest’ product remains 8%, meaning clients will continue to benefit from the current high-yield interest on their idle assets.
  • Nexo always strives to further improve rates for its user base, currently surpassing 300,000 people worldwide, and offering credit lines with a minimum amount of $500 and up to $2 million, is one of the many milestones along the road to make decentralized financial services even more inclusive.

As the tokenization of the world progresses further, the improved interest rates guarantee that Nexo’s cutting-edge products are utilized by an even wider audience across the globe. One of the early examples is the world’s first crypto-backed mortgage issued by Nexo to Brock Pierce for the purchase of a second home, all the while retaining ownership of his Bitcoin – a concept that now finds wide-spread adoption in the blockchain community.

Building on top of the success with its products with cryptocurrencies and stablecoins, Nexo is now beginning to offer the same efficient mechanism of financing for tokenized gold, making gold-backed borrowing accessible for as little as $500, something that was previously reserved for the ultra-wealthy.

Trump and Reagan Advisors Join Frax to Launch World’s First Fully Decentralized Global Currency 20961

Frax, the world’s first algorithmic and fully decentralized stablecoin on the blockchain today announced Stephen Moore, Trump economic advisor and former Federal Reserve nominee, and Ralph Benko, former Reagan deputy general counsel, joined the company’s executive team.

Moore and Benko are joining Sam Kazemian, co-founder of Everipedia and Frax to launch the first fully decentralized global currency aimed at eliminating currency transaction costs, while inhibiting currency manipulation, which is commonplace throughout the world.

Moore is joining Frax as co-founder and is a distinguished economist who plans to apply the skills and experience he acquired from the decades of financial public policy work at the highest levels.

“Frax is creating a new global economic monetary paradigm,” said Stephen Moore, chief economic officer at Frax. “Central banks will soon feel the competition from private currencies such as Frax. Currencies are intended to retain their value over time, but given the wild gyration in values of currencies and the struggle in many countries with hyperinflation, we need a global currency that has a stable value to benefit consumers, businesses and investors.”

Frax is the first algorithmically-driven global currency that is fully decentralized and backed by fractional reserves. All loans of Frax’s reserve assets are done on the blockchain, which eliminates the need for a central bank and ensures that Frax owners have complete confidentiality in how they spend their funds. As a noncustodial stablecoin, users can reliably trade the token around the world without fear for privacy invasions, government shut-downs and most importantly – price manipulations. Owners of Frax can send money around the world without worrying about remittances or fees meaning people can ensure that the money they send abroad will stay the same value today and tomorrow.

Benko also joins the executive team as general counsel. He is a national economic thought leader, a former deputy general counsel to President Ronald Reagan and was senior counselor to the Chamber of Digital Commerce, the leading trade association for the blockchain ecosystem.

“Frax’s unique and elegant design offers the prospect for success where other stablecoins have struggled,” said Benko. “It will empower owners to trade in a currency that they know will remain a stable unit of account and store of value and transparent and reliable across the globe. We aspire to make Frax what Bank of England governor Mark Carney called the ‘synthetic hegemonic currency’ of the future.”

“It is an honor to have Stephen and Ralph join Frax as we launch the world’s first truly decentralized stablecoin,” said Sam Kazemian, Everipedia co-founder and CEO of Frax. “With both of their exceptional perspectives, we are making a reliable, safe and secure stablecoin designed to make the world’s international financial and monetary system more stable and efficient, transforming the world of finance forever.”

About Stephen Moore

Huobi Unveils Plans for Fiat Gateway for Turkish Lira and Strategy for Huobi Turkey at Eurasia Blockchain Summit Istanbul 21731

Huobi Global announced ambitious plans for Turkey at the Eurasia Blockchain Summit, starting with the launch of a Turkish Lira (TRY) fiat gateway. Huobi reveals the fiat gateway is the first to be launched by a global exchange, providing Turkish users an accessible gateway to trade more assets with greater liquidity. During its opening remarks, the leading exchange platform and host of the inaugural event in Istanbul also unveiled the successful formation of a local team, localized language option on web (https://www.hbg.com/tr-tr/) and mobile app, exclusive trading fees, and a detailed strategy for Huobi Turkey and its crypto-friendly population.

The wave of conference announcements follows Huobi’s previous declaration to expand into the Turkish market. The Turkish Lira (TRY) on-ramp is estimated to be launched by year’s end with a TRY/USDT pairing. The service will provide users a means to easily deposit fiat currency via wire transfer and exchange for Tether (USDT) to trade crypto-to-crypto on Huobi Global. Alongside the launch announcement, Huobi also took the opportunity to outline an exclusive fee program for Turkish users to trade with 50% discount on transaction fees (0.1%) and as low as 0.07% transaction fees by holding Huobi Token (HT). The All Star VIP Program will also open to Turkish professional traders to trade with fees as low as 0.0078% across both Spot and Margin trades.

“In June, we first announced a series of initiatives to be rolled out in Turkey over the next several months, and we have since fulfilled these promises to the Turkish community,” said Livio Weng, CEO of Huobi Global. “Turkey is an important region for us, and we plan to bring Huobi’s six years of industry expertise, advanced ecosystem, and a standard of trust to the market, and trigger key conversations around long overdue for a thriving crypto community.

Mohit Davar, Regional President of Huobi Group, announced during the summit the establishment of a local team to head up its community, customer service, and business development efforts on the ground.

“Beginning with the landmark introduction of TRY/USDT trading, we will continue to demonstrate our deep commitment to the community via localized approaches to grow the market directly from our team in Istanbul,” said Davar.

The first annual Eurasia Blockchain Summit successfully brought together key industry leaders, Turkish government officials, and C-level representatives from local banks. Hosts Huobi Group and Kemer Partners realized their vision to have leading blockchain companies sit together with local establishments and discuss how they can support new projects as well as collaborate with traditional enterprises to adopt blockchain technology. Huobi Group CFO Chris Lee, Huobi University President Jianing Yu, and Huobi Research CEO Hubery Yuan all made appearances at the summit where they met with Turkish startups and projects to discuss partnerships at the local level.

Turkey has evolved into a thriving crypto-friendly nation and a theater of commerce for exchanges and blockchain businesses. Last month, the Turkish government revealed plans to create a national blockchain infrastructure to aid the public deployment of distributed ledger technology. Bitcoin is as popular as forex in Turkey, where 20% of the populace owns cryptocurrency, and the Lira is the fifth most popular fiat-crypto pair in the world.