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A new two-part deal valued at $30m will see BitFury expand its footprint in China. The full-service blockchain technology company has announced a deal with Credit China Fintech, a firm that provides consumer-facing financial products, according to FT. The $30m deal has two components: an investment in BitFury directly and plans to establish a joint venture in China. In statements, Credit China Fintech said that it would seek to adopt the technology for its services, looking at applications of both the bitcoin blockchain and private ledgers. Phang Yew Kiat, Vice-Chairman and CEO of Credit China Fintech, said in a statement: “Blockchain is a fast emerging technology allowing effective secured value transfer over the internet. Our collaboration with BitFury will further cement our leadership position in the use of Blockchain technologies across our FinTech platforms, taking Credit China Fintech to a new level of competitiveness.” The deal comes on the heels of the launch of a new international blockchain-focused group, dubbed the Global Business Blockchain Council, formally unveiled at the Davos conference in Switzerland earlier this month. Yesterday, the group announced its list of founding members, which includes representatives from BitFury, law firm Covington and the World Bank, among others. In pushing to expand more significantly into China, BitFury enters the largest ecosystem for bitcoin miners – mining is a competitive, energy-intensive process by which new transactions are added to a blockchain – as well as traders. “China is a visionary country and we are honored to have the opportunity to expand the work of our company to this significant part of the world,” BitFury founder and CEO Valery Vavilov said.
Zebpay looks to make hay while bitcoin shines India's largest bitcoin trading platform Zebpay- is betting big on the rising acceptance of the cryptocurrency across markets. From trade volume of Rs 100 crore last fiscal the company targets over Rs 1,000 crore this fiscal. Source: http://www.moneycontrol.com/news/business/zebpay-looks-to-make-hay-while-bitcoin-shines_8086841.html?utm_source=ref_article
itcoin prices rose on 7th December, once again moving toward their 2016 annual highs. At press time, the price of bitcoin was up again around the $770-mark, a development that may be surprising given the news a major startup, Circle Internet Financial, would no longer provide customers with the ability to buy and sell the digital currency. The announcement, made yesterday through The Wall Street Journal, has so far had little effect on the digital currency. Bitcoin prices reached $768.32 at 20:15 UTC yesterday, coming within roughly 1.3% of the June annual high of $781.31, according to CoinDesk’s USD Bitcoin Price Index (BPI). Even after rising to this daily high of near $770, bitcoin fell short of the five-month high of $778.14 reached 2nd December. Circle had generated significant visibility for being one of the best-funded early bitcoin startups, raising $136m. In June, the startup raised $60 million through a Series D funding round, a development that coincided with Circle announcing the creation of its China-based subsidiary, Circle China. The firm has now said it will focus on a new proprietary blockchain-based protocol called Spark, an unreleased technology that will use bitcoin to move money across borders. Source: http://www.coindesk.com/bitcoins-price-inching-back-toward-2016-high/
CIRCLE UNVEILED ITSELF at a bitcoin conference in 2014, vowing to take the digital currency mainstream. But like so many other startups that embraced this big idea at around the same time, its mission has changed. In January, I met Circle CEO Jeremy Allaire for coffee in San Francisco. Even then, he was careful to paint his company not as a bitcoin operation but as an outfit that would help people easily trade good old-fashioned dollars with friends and family via a new smartphone app. And now, as it announced yesterday, Circle will no longer allow customers to buy and sell bitcoin. Allaire says that Circle, a marquee startup backed by Goldman Sachs, never really saw bitcoin as a consumer technology. "When we founded this company three years ago, the vision was never to build a bitcoin company," he says, comparing bitcoin to internet protocols like http or smtp. In other words, the company saw bitcoin as a behind-the-scenes technology, not as a mainstream digital currency that the average person would use to pay for goods online or in a physical store. Well, all these years later, bitcoin is certainly not a mainstream digital currency. And Circle’s decision to stop operating as a bitcoin exchange is just the latest sign that it won’t become one anytime soon. Despite big promises from early adopters, bitcoin is still plagued by tax and regulatory issues. And the bitcoin community is still fighting over its core technology—a fracas that could significantly hamper bitcoin’s ability to expand in the near future. As it backs out of services that let people buy and sell bitcoin, Circle is pointing these customers to another exchange, San Francisco-based Coinbase. But Coinbase is also moving away from services for consumers. It’s now focusing on running a new exchange where large institutions, not individuals, can move bitcoin. And as far back as February, Coinbase said it didn’t really want to operate as a bitcoin wallet, meaning it didn’t really want to provide a way for individuals to hold the digital currency and actually buy stuff with it. In other words, like Circle, Coinbase is moving away from bitcoin as a digital currency and towards a world where it serves as the underpinning for other financial services. (The company is also facing its own legal headaches: Last week, a federal court ruled that the IRS could serve Coinbase with a summons that seeks information about its user accounts.) Still, as bitcoin’s prospects as a mainstream digital currency fade, Circle and many other companies believe that the blockchain, the distributed online ledger that underpins bitcoin, can serve as the basis for other applications and services. The bitcoin blockchain helps drive Circle Pay, the app that lets you trade dollars with friends and family. And the company just unveiled a new open source project called Spark that seeks to use the blockchain and similar distributed ledgers as a means of moving all sorts of currencies, something so many others are working on. Meanwhile, outfits like the R3 consortium are building new blockchain technology for big banks and other financial operations that can oversee the movement of stocks and potentially anything else that carries value. That said, many of these efforts are also a long way from really happening. Goldman Sachs and three other institutions just pulled out of R3, and though R3 managing director Charley Cooper plays this down, the truth is that many big players are still unsure how these technologies will play out. The future of bitcoin and the blockchain remains unclear. What is clear is that 2016 is not the year they went mainstream. Source: - https://www.wired.com/2016/12/future-bitcoin-not-digital-currency/
The US Commerce Department is hosting an event that will see discussion on how blockchain tech could be applied to digital copyright. Scheduled for Friday, the event is being organized by the department’s Internet Task Force, which draws support from the US Patent and Trademark Organization (USTPO), the National Telecommunications and Information Administration (NTIA), the International Trade Administration (ITA) and the National Institute of Standards and Technology (NIST). The group was founded to explore a range of issues, from copyrights to digital privacy and cybersecurity. The Commerce Department will be hosting a livestream of the event, a link to which can be found here. According to an agenda published by the Commerce Department, the event is being held at the USPTO’s Silicon Valley office. The discussion is perhaps not a surprise given the idea that blockchain tech can play a role in digital copyright is being explored by a number of startups. The idea is that creative works can be linked to a transaction or digitized asset on an immutable ledger. From there, the provenance of that work can be traced to its origin. The one-day gathering, which begins at 13:30 UTC, will include a panel session on registries and rights expression languages, a discussion that is expected to focus on the use of blockchain tech. Subsequent breakout sessions will feature blockchain and smart contracts as topics of discussion. And while no specific projects have been listed, the event will include a half-hour technology preview. The department said in its release: We will discuss the potential for interoperability across digital registries and standards work in this field, and consider the relevant emerging technologies (eg, blockchain technology, open-source platforms). We will also explore potential approaches to guide their adoption and integration into the online marketplace. Though the event signals the Commerce Department’s first public foray into the tech, its representatives have made overtures to the industry. Last summer, representatives from the department notably attended an industry retreat at Bretton Woods. Source: - http://www.coindesk.com/us-commerce-department-discuss-blockchain-copyright/
inland's central bank co-organized a seminar on blockchain last week. The Bank of Finland held the event in partnership with the country's Ministry of Finance. The seminar took place on 24th November, according to the central bank. Attendees included government regulators, local academics and companies based in Finland, drawn from institutions like Aalto University, Lappeenranta University of Technology and the VTT Technical Research Centre of Finland. Representatives from firms like Microsoft and Finnish energy firm Fortum were also in attendance. In statements, central bank representatives said the event supports ongoing research into new technologies like blockchain. Governor Erkki Liikanen was quoted as saying during remarks at the event: "Our task is to ensure the reliability and efficiency of the payment system and the overall financial system and to participate in their development. Research into, and support of, new innovations shaping the financial sector constitute part of this work." The hope, according to the central bank, was to spur discussion on “a common view and strategy” for the technology in the Finnish public and private sectors. Ten blockchain projects were presented during the one-day seminar, focused on applications in both government and finance, among other areas. Though no new initiatives were announced or pledged, the central bank said that discussions during the event were, in part, aimed at promoting the development of “guiding principles” for future work among stakeholders in Finland. Source: - http://www.coindesk.com/finland-central-bank-blockchain-event/
Companies can announce promotions of employees in many different ways. In a small company, the announcement might come in a company meeting where all the staff is present. Larger companies typically use email to make promotion announcements to the employees. Those most closely affected by the change may be informed in advance of a company-wide announcement. Depending on the nature of the industry and the position, the news might be shared on the company website, and the media may be notified as well. Tips for Announcing a Promotion Once a job promotion has been offered to and accepted by an employee, the news will typically be shared in an email message to the company. The promotion announcement will either be sent by Human Resources or by the management of the department where the employee will be working. A promotion announcement should cover several points, to explain and promote the employee in his or her new position as well as to congratulate them on their achievement. When writing a promotion announcement, be sure to include a short summary of the employee’s old and new roles, and any pertinent accomplishments during their tenure with the company. It’s appropriate to include some background information like education and certifications. In conclusion, you will want to encourage everyone to welcome and congratulate them on their new position. The following are examples of promotion announcements sent to company staff via email. Promotion Announcement Example #1 Subject Line: Jane Doe, Director of Marketing We are thrilled to announce the promotion of Jane Doe to Director of Marketing in the Corporate Communications department. Jane joined the company five years ago and has held positions in both the Advertising and Sales departments. Jane brings a wealth of experience to the Corporate Communications department, and we are excited about her new role at the company. Please join us in welcoming Jane to Corporate Communications and congratulating her on the promotion. Best Regards, Marian Smith Executive Director, Corporate Communications Promotion Announcement Example #2 Subject Line: Joe Smith, Regional Manager We are pleased to announce the promotion of Joe Smith to Regional Manager of our Northeast operations. Joe has been with XYZ Company for 8 years, during which time he has held positions in sales and management, proving himself as a committed company advocate. Joe came to XYZ from another retailer and brought with him energy and enthusiasm that he has continued to use while leading his employees to consistently improve their sales numbers. His background in business gives him an overall understanding of how to improve customer satisfaction, and his ability to motivate his team has led to his continued success in Connecticut. While the Connecticut offices will miss him, please join us in welcoming Joe to Boston, and congratulating him on his new position. Regards, Mary O’Hara Director, XYZ Company Promotion Announcement Template Here is a generic letter that you can customize for your own promotion announcement. Subject Line: Firstname Lastname- New Position I am pleased to announce the promotion of Firstname Lastname from Old Position to New Position. Firstname has been with Name of Company for X years and has worked in names of departments/positions. S/he will be gaining these new responsibilities. Firstname attended University and came to Name of Company after graduation. During her/his tenure here, Firstname has implemented protocols which have improved efficiency in the name of departments and been recognized for outstanding achievement. Please join me in congratulating Firstname on her/his promotion, and welcoming her/him to the New Department/Position. Source: - https://www.thebalance.com/promotion-announcement-examples-and-writing-tips-2061684
Who here sends out a company e-newsletter or promotional email? (I see you in the back, put your hand up!) The fact is, monthly e-newsletters have become as common as a cold but that doesn't mean they have to be as daunting as one. Most companies and brands send out a monthly e-newsletter to their consumers and brand loyalists. E-newsletters are NOT to be confused with email promotions, which are also very important but serve a different purpose. In fact, companies that try to merge the two will find they have higher unsubscribe and un-open rates. More often than not, consumers who sign-up for email promotions could care less about what is going on in company news. And those who want to know what is going on with current company events don't always want to be sold something. This is a very important factor that companies should consider when developing an email marketing strategy. So how can you please everyone? Well, if you have to choose between layout and content…you guessed it – content is King. Making content relevant in e-newsletters will create more site traffic and making content relevant in email promotions will lead to increased sales. Let’s see how we make everyone happy . Email Newsletters Consumers who are signing up for newsletters want to know what’s going on in the company. This can mean different things for different industries. E-newsletter can contain new product releases, new hires, new store openings, or announcing company changes. These subscribers are usually clients, brand loyalists, or industry junkies. Regardless what their attraction is to the brand, they want quick access to the latest news. The content should be geared around informing readers on current events and should be relevant to their relationship to the brand. Six Flags has a great example how they edit the content in the e-newsletter for season pass holders and regular visitors. By altering the content and links slightly based on brand relationship, you can create great traffic through more relevant content. Email Promotions Show me the money! These consumers want the deals, and the deals only. The more you cloud your offers with news and lengthy copy, the more likely you’re going to lose them. Chances are the majority of these email promotion subscribers are also receiving email via a mobile device and don’t want a huge file coming through and slowing down their experience. The content of these emails need to appeal to their intentions. Make your promotion emails straight to the point and linked directing to the offer on the site (preferable on a mobile site). Believe me, they’ll thank you later. - See more at: http://www.leapagency.com/blog/team-leap/2012/07/26/Email-Newsletters-vs-Promotions-Different-Strokes-for-Different-Folks.aspx#sthash.Q0XPhutI.dpuf Source: - http://www.leapagency.com/blog/team-leap/2012/07/26/Email-Newsletters-vs-Promotions-Different-Strokes-for-Different-Folks.aspx
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