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“Benchmark sets new standards. We transform lives, protect the environment and generate real value and profits.”
VALETTA, 17 May 2018: Benchmark, a new cryptocurrency entering into the market, will hold its Initial Token Offering (ITO) in May 2018, where it is aiming to raise approx US$ 30 million. The token, created by fintech experts, academics and business owners, can be used to participate in sustainable development projects worldwide, including a range of projects aimed at supporting developing communities across the globe, with the initial focus in Africa.
Pieter Coetzer, CEO, Investment Banker and one of the founders of Benchmark, said:
KYC and AML procedures play an increasingly important role in the world of cryptocurrency. This is especially true when dealing with initial coin offerings. IdentityMind has already processed 150 client requests in the past few months. It’s a very positive trend that will bring more legitimacy to the ICO industry moving forward.
IdentityMind is on a Roll
While the number of initial coin offerings has not decreased by any means, the same old concerns remain in place. More specifically, a lot of projects can still be considered securities, and not all of these fundraising initiatives take the necessary KYC and AML procedures into account. This is quite worrisome, as such procedures are a mandatory requirement in most parts of the world.
As chairman of the board of the Nighthawk Group, an international barter and trade organization involved in other luxury assets, James Bolin possesses a deep knowledge of global markets and commerce. Operating in several countries, Nighthawk and its partners has amassed a global presence that holds major strategic influence on the world monetary stage.
As institutional capital in the crypto space increases regularly, the need for blockchain technology and related enterprise support is at an all-time high, and several companies are working hard to provide both as the arena expands.
One of those companies is Coefficient Ventures, a crypto fund set on financing blockchain systems worldwide. Thus far, the company has made over 25 investments in companies and applications like Filecoin for decentralized storage; Raiden for scalability; and Zeppelin to improve smart contract capabilities.
Speaking with Bitcoin Magazine, founding partner Chance Du described how she sees a central role for blockchain investment across all sectors of the global economy.
The former Soviet Republic of Georgia is positioning itself as one of the leading countries in the cryptos space and is now ranked second in the world for cryptocurrency mining after China. This has been the result of the country’s electricity subsidies and fair regulation.
Powered by an Accommodating State
Despite its obvious economic benefits, cryptocurrency mining has always been scrutinized by would-be investors because of its huge energy requirements. This actually reduces its value case in other jurisdictions.
The tiny nation of Georgia has, however, reportedly remained attractive for mining because of its electricity subsidies with some regions that already have lower rates for electricity like the Alazani Valley attracting a lot more mining activity. The country also relies on cheap hydropower.
As more and more ICO’s launch and make empty promises to potential investors, it is nice to see a company that is already established launching an ICO that could potentially reshape the entire digital economy. The Six Alliance already has more than 10 Million active users on their platform making this one of the most highly anticipated ICO’s of 2018.
A new batch of start-ups from across the world are being invited to apply for the third round of Katapult Accelerator in Oslo, Norway. To be selected, the start-ups must be early-stage and use exponential technology like blockchain or AI to solve a social or environmental challenge.
Haakon Brunell, Managing Partner and Co-Founder of Katapult Accelerator, remarked: “The Katapult Accelerator is the world’s first global for-profit accelerator focusing solely on impact and exponential technology. 200 impact investors from around the world participated at the demo-day for our first batch. We had access to 1,500 start-ups for the second round and we are excited to help the next batch of start-ups realize their dreams to solve global challenges,”
FPT Software, a global software and technology company headquartered in Vietnam, and Factom, a Blockchain-as-a-Service company from Austin, TX, have announced a strategic global partnership. The two companies have recognized an opportunity to enhance their digital and product engineering services to include blockchain integrations.
The Factom Harmony platforms create an immutable audit record of activities, data, events and decisions. Factom’s blockchain solutions and take advantage of a distributed mechanism to preserve data, files and digital records, making them verifiable and independently auditable.
Credit Suisse’s latest estimates indicate that for the first time the richest 1% own 50.1% of all global wealth, a proportion that’s likely to move to the richest 1% owning two-thirds of global wealth by 2030.
World’s Rich Getting Richer
Global wealth inequality had improved between 2000 and the financial crisis of 2007-2008 but the trend since has seen global wealth statistics shifting. The top 1% of individuals have gained a greater proportion of the world’s total wealth.
Projections in a report by the UK Parliament suggest that the world’s wealthiest individuals, the top 1%, will own 64% of global wealth by 2030.