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MaxiMine Forms Strategic Partnership With Jinse Finance as Salon Series Hits Chengdu

Vlad Poptamas

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Photo source: MaxiMine's CTO and Operations Executive (China), Mr. Yao Kunhua
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Distributed cloud-based pool mining platform, MaxiMine, is honoured to announce that it will be joining the incoming Jinse Salon Series as a strategic partner this May. MaxiMine’s CTO and Operations Executive (China), Mr. Yao Kunhua, has been invited to be a guest speaker at this event and will be speaking on the ecosystem of MaxiMine’s mining farm that promises to invigorate the crypto mining scene.

Mr. Yao is an early investor of Bitcoin and has always believed in its innate potential. As an expert on blockchain technology and its technical infrastructure, Mr. Yao is well-versed with fintech and has had seven years of experience in the blockchain field. Mr. Yao was also one of the earliest business partners of the mining pool, antpool.com, that was reported to be the largest Bitcoin mining pool in 2018 based on its Bitcoin network hash rate.

Following the successful launch of the Avalon Mining Rig 1st Generation in 2013, Mr. Yao started his own mining farm that has since expanded quickly in both scale and capacity. With multiple branches across the region such as in Inner Mongolia and Sichuan, its unrivalled growth has broadened the scope of its services and strengthened its research and development sector. Presently, the farm claims ownership of over 20 patents with many new proprietary technology under its belt.

A common saying circulating in the crypto mining circle goes like this: “Success hinges entirely on the riding of the tide.”

To those familiar with the crypto mining industry, a rise in tidal waters is a cause for celebration as it signifies a greater electricity output with lowered utility costs and wider margins of profits.

During the wet season each year, it is a race among miners to scour the land for the lowest cost of electricity to ensure a smooth sailing ride into monetary victory. As the wet season is just right around the corner, what can people expect the outlook for miners to be this year?

The theme of the upcoming salon in Chengdu — Mining: Riding the Wave of the Market into the Future — seeks to address the above question and will delve deeper into the infrastructure and ecosystem behind a successful mining farm. The event is set to begin on 23rd May 2019 at 1 pm and will be graced with the presence of several industry representatives from renowned blockchain corporations.

In addition to MaxiMine CTO, Mr. Yao, who will be speaking at the event, a few other illustrious names in the industry are also been added to the list of guest speakers.

Some of these speakers include BTC.com CTO, Zhuang Zhong, Blockin co-founder and Operations Executive, Zhu Fa, Antpool.com co-founder, Tian Xin, Tomorrow co-founder and Vice President, Weng Ziyao, Head of Chouge Mining, He Kan, Canaan Blockchain Business Unit general manager, Shao Jianliang and F2pool Marketing Executive, Liu Chao.

A panel discussion themed “Pushing Boundaries During the Wet Season and Seeking Where the Future Lies”  will also be held, and will be helmed in with invaluable insights and contributions from the distinguished guest speakers.

With such an exciting line-up, one cannot help but stay tuned for more.

 

SOURCE MaxiMine

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Fintech

SEC Qualifies DiversyFund to Drop Investment Minimums for Real Estate Fund to $500

Vlad Poptamas

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DiversyFund, a financial tech company providing everyday Americans with the same investment opportunities as the wealthy, announced today it has received qualification from the U.S. Securities and Exchange Commission (SEC) to lower the minimum amount required to invest in its commercial real estate investment trust (REIT) to $500.

DiversyFund’s Growth REIT is a fund that allows everyday people to invest in multiple value-add apartment complexes, meaning apartments in need of upgrades. These improvements may include everything from new flooring to putting in a dog park – each enhancement adds more value to the properties than the cost of making the upgrades. About one year after DiversyFund purchases a property, it begins generating cashflow from rents. Then, after 4-6 years, the company is able to sell the apartment complex, typically for substantially more than the purchase price, generating returns for investors.

Historically, to invest in a private, non-traded commercial REIT like this one, individuals had to have a net worth of at least $1 million (excluding primary residence) or an income exceeding $200,000 over the prior two years ($300,000with a spouse). The invest minimum typically required to participate in these deals would range from tens of thousands to around $250,000.

“We believe that everyone deserves the choice to build their wealth,” said Craig Cecilio, co-founder and CEO of DiversyFund. “During my 20 years of experience managing more than $500 million in assets, I continuously saw the wealthy getting in on deals that weren’t accessible to the average person. After years of watching the rich get richer, I was determined to find a way to include the everyday person in these incredible investment opportunities and leverage technology to make investing simple.”

“We went through a rigorous screening process with the SEC to gain the qualification we needed to open up access to these exclusive deals and make investment minimums affordable for everyday Americans,” said Cecilio. We’re thrilled we can now give people the choice to invest for as little as $500. We’re ready to grow our community of next generation investors and start closing the wealth gap plaguing our society.”

DiversyFund doesn’t charge any platform or management fees and has eliminated third party costs by cutting out all of the middle men and managing every process internally, from purchase to sell. DiversyFund doesn’t make money until its investors make money – after the sale of the properties.

 

SOURCE DiversyFund

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Fintech

Vestmark Honored with Silver Stevie® Award at 2019 American Business Awards® Gala

Vlad Poptamas

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Vestmark is proud to have received the Silver Stevie® Award in the FinTech Solution category as part of the 17th Annual American Business Awards®, in recognition of the VestmarkONE®platform’s recently launched advanced options trading and risk management module.

Mark Peabody, Senior Vice President of Product Management, accepted the award on Vestmark’s behalf at this year’s American Business Awards gala last week at the Marriott Marquis Hotel in New York City.

This options module, available on the VestmarkONE® platform, provides an innovative trading and risk management capability that enables advisors to scale options trading and more efficiently use options strategies across all types of advisory programs.  With this tool, hundreds or even thousands of accounts – across an entire book of business – can be traded at once, without impacting accounts following models, avoiding false rebalancing alerts and model drift notifications.  The module also includes several automated risk management functions to help advisors and firms balance the risk of trading options.  For more details, visit https://www.vestmark.com/solutions/vestmark-one/options-trading-and-risk-management.

Over 3,800 nominations of public, private, for-profit, and non-profit U.S. organizations of all sizes, and from a wide variety of industries, were submitted to American Business Awards® categories this year.  More than 200 professionals worldwide participated in the judging process to select this year’s Stevie Award® winners.  For a full list of 2019 Stevie Award® winners, and to obtain more information about the American Business Awards®, visit https://stevieawards.com/aba.

In selecting the VestmarkONE® platform for its award, the panel of judges lauded the platform as an “impressive product and innovative usage of technology,” and described “VestmarkONE’s New Options Module, one of the best products in its category that allows users to provide options trading across platforms.”

“I commend our teams at Vestmark for their ongoing commitment to developing and enhancing leading edge technology solutions for financial advisors and institutions,” said John Lunny, CEO of Vestmark. “This innovative options trading and risk management module in the VestmarkONE® platform makes it possible to scale the implementation of sophisticated portfolio management strategies for clients and accounts of all sizes.  We are honored that our peers recognize the impact this innovation can have on the wealth management industry.”

 

SOURCE Vestmark

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Blockchain

Wise MPay Partners With Jelurida to Launch Blockchain Financial Services Platform in Southeast Asia

Vlad Poptamas

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Jack Bai and Jelurida team members during their visit to Singapore in November 2018 with the Wise MPay ATMs (PRNewsfoto/Jelurida Swiss SA)
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Singapore-based global payments technology company, Wise MPay, are working with renowned blockchain experts, Jelurida, to launch a public-permissioned blockchain financial services (BFS) platform. With KPMG research showing 27% of Southeast Asians own a bank account while local mobile connections outnumber the population by 33%, the region is ripe for a revolution in access to digital finance. Coalculus is aiming to launch in September 2019 as JPL-compliant software that brings cutting-edge digital payment, remittance, and ATM solutions to governments, banks, and the unbanked of Southeast Asia.

Banks and financial institutions consider blockchain capable of both increasing trust in multi-party centralized ecosystems and increasing the speed, security and efficiency of many traditional banking processes. The Coalculus BFS platform is being built on the time-tested Proof-of-stake (POS) consensus algorithm, ensuring high levels of decentralization, security, scalability and efficiency. Based on a permissioned version of Jelurida’s Ardor technology, Coalculus promises lower costs, faster execution of transactions, improved transparency, auditability of operations, and other advantages that will benefit both financial institutions and unbanked individuals seeking access to digital financial services.

Wise MPay also added end-to-end KYC/AML/CFT processes to its enterprise blockchain solution, value added with internet-of-things (IOT) devices such as prepaid cards and automated teller machines (ATMs). Additionally, Coalculus provides the infrastructure for easily developing, integrating, and adopting mobile applications with built-in tools like QR code generators and standard application programming interfaces (APIs).

Mr Jack Bai, Director of Wise MPay, said, “Our vision for Coalculus is to create a globally-trusted financial transaction facilitation platform, but our initial focus is between ASEAN (Association of Southeast Asian Nations) countries, Hong Kong and Australia. Our framework is a convergence of public and permissioned blockchains developed on the simple idea that organizations should be able to quickly and easily implement new financial services and leverage the benefits of blockchain. This is our USP and this is why we chose Jelurida as our technology provider.”

“We are impressed by the professionalism of the Coalculus team. Wise MPay came to us with more than just a vision,” said Lior Yaffe, Senior Developer and Managing Director of Jelurida. “They keenly understand the different blockchain technologies on the market and have identified opportunities for maximizing the value of their BFS platform. It has been our pleasure to support the team at Wise MPay in making Coalculus a reality.”

 

SOURCE Jelurida Swiss SA

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