Dubai, July 11, 2018 /Xinwengao.com/ - Dubai International Digital Asset Exchange, or DBEX, today announces the completion of a pre-A round of investment from 19 leading global and Chinese investors including Sino-Burmese Fund, Hanfor Capital Management and Shangshan Wealth and Investment. 

The pre-A round investment is worth hundreds of millions of RMB. It is one of the largest such investments for a new blockchain project in recent months. 

The significant investment marks an important milestone for DBEX, as it forges ahead with plans to launch a glamorous brick-and-mortar cryptocurrency exchange located on the 151st floor of Burj Khalifa in Dubai, the world’s tallest building. With an office of 3,800 square meters on top of Dubai International Financial Center (DIFC) at Burj Khalifa, which is the world’s tallest building at 828 meters, DBEX aims to bring a NASDAQ-style exchange to the digital asset universe and to provide a venue that will define the future of digital asset exchanges. 

DBEX is the world’s first major physical digital asset exchange and is backed by Dubai-based The Blockchain Group. It will provide a world-class audit system as well as over one hundred relevant listing standards for cryptocurrencies that will be listed on its exchange. With an independent blockchain research and assessment system, DBEX will analyze projects’ whitepapers, application scenarios, technology, founding teams, probability for application and progress to achieve multi-dimensional evaluations. This will create an exchange where only the highest-quality tokens can be listed.

In addition to adopting top-level security standards for unlimited scalability, super server farms and information processing technologies, DBEX is also cooperating with Bairun Baicheng Group, a leading company in the electronic identity information encryption and authentication field, and Silicon Valley Blockchain Institute. With these partnerships, DBEX hopes to build a trust mechanism based on digital asset transaction identification, so that user information and transaction data are processed through three layers of encryption to achieve security protections on par with central banks. This will create DBEX’s unique advantages in the cryptocurrency exchange space.

“I am pleased to share today’s exciting news as our team continues to work toward building a world-class digital asset exchange that’s different from anything the world has seen before,” said Ahmed Abdullah Mohammed Al Sharif, Chairman of DBEX. “We are strong believers of the potential of blockchain technology and the future of digital assets, and DBEX will become a central venue where innovation in blockchain is recognized just as how NASDAQ provides a stage for the brightest moments of IPO for technology companies.” 

DBEX is in the process of completing more investment rounds to support beta testing, third-party security audit, code review, global node announcement, and official launch of the digital asset exchange in Dubai during the fall 2018. 

Before the end of the year, DBEX aims to be in full operation, with third-party wallet integration, iOS and Android app releases completed. 

DBEX is one of the major investment projects of The Blockchain Group. The Blockchain Group has a strategic partnership with The Future Blockchain Summit and its organizer Smart Dubai Office, and is aiming to work closely with various government entities. Established in Dubai, The Blockchain Group has two major business units: global blockchain project incubation services and digital asset exchanges. At the present, the incubator program has entered the last stage of preparation and will soon be available to blockchain projects around the world. 

Ahmed Abdullah Mohammed Al Sharif, Chairman of DBEX, is also the Chairman of The Blockchain Group. He has been a strong force throughout the Middle East region in terms of developing blockchain technology. Mr. Sharif has decades of top-level business experience and has been an advisor to many leading international companies. 

Victor Philippenko is the CEO of DBEX and the CEO of The Blockchain Group. Mr. Philippenko is Chairman of the G20 Foundation, a platform for governance innovation within G20 process. He is a Global Shaper of the World Economic Forum and was the Founding Curator of Global Shapers Hub in Frankfurt am Main. He obtained hands-on venture capital experience as an investment manager at a venture capital fund focused on clean-tech sector investment.

The establishment of DBEX and The Blockchain Group comes in the backdrop of Dubai’s national aspiration to become a blockchain-driven city in 2020. Dubai Crown Prince and Chairman of the Dubai Executive Committee Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum initiated Dubai blockchain strategy, hoping to make Dubai the world’s happiest city via Smart Dubai initiative and partnering with Dubai Future Fund. 

ABOUT DBEX:
Dubai International Digital Asset Exchange (DBEX) operates the world’s first physical Bitcoin and cryptocurrency exchange. DBEX’s cryptocurrency exchange is located on the 151st floor of Burj Khalifa in Dubai, the world’s tallest building. DBEX aims to bring the safest, fastest and most reliable digital asset exchange to the world. More info at www.dbex.vip.

The press release DBEX, World’s First Physical Digital Asset Exchange Located In the Planet’s Tallest Building, Completes Pre-A Round Of Investment comes from Xinwengao.com press release distribution and journalist media database service in China.

Hong Kong, April 9, 2018 /Xinwengao.com/ - Despite sharp falls in the value of major cryptocurrencies, the number of hedge funds focused on trading cryptocurrencies more than doubled in the four months ending mid-February 2018.

There are now a record 226 hedge funds trading cryptocurrencies, up from 110 in October 2017 and 37 at the start of 2017. Total assets-under-management stood at between US$3.5 billion and US$5 billion, according to fintech research firm Autonomous NEXT.

While some have described the rise of cryptocurrencies such as Bitcoin, Ethereum, Ripple, Litecoin, EOS, and IOTA as “worse than tulip bulbs”, cryptocurrency advocates say that this new asset class is destined to transform finance and society. As they see it, the biggest risk for investors is missing an opportunity to get in at the start of the boom and the growing blockchain opportunities.

To discuss these issues, China Money Network is hosting an evening networking event on April 18 in Hong Kong called “The Future Of Cryptocurrency Investment: Bulls vs. Bears” with three panelists who are seasoned professionals in cryptocurrency investments. They will share their views on the present and future of investing in cryptocurrencies, active vs. passive investment strategies, unique challenges in crypto investing, and how to diversify in this emerging asset class. The panelists are Dave Chapman, chairman of Octagon Strategy Ltd.; Michael Wu, founder of Amber AI; and Jianbo Wang, chief investment officer at CYBEX. China Money Network’s Managing Editor Nina Xiang will convene and moderate the panel discussion.

The discussion on April 18 in Hong Kong will address these questions:
– Where are we in the crypto investment cycle?
– Why should investors invest in crypto funds or Initial Coin Offerings?
– What kind of roles will cryptocurrencies play in the financial market in the future?
– How should investors diversify when investing in crypto? Bitcoin vs. altcoins vs. tokens?
– What are the pros and cons of passive vs. active investment?
– What is the status of ICOs emanating from China?
– What are the unique challenges in crypto investments in Asia? How to mitigate risks of loss of private keys, funds being stolen, or hacks?

Join other business investors, venture capitalists, developers, and policy-makers at this event in Hong Kong by registering at https://www.chinamoneynetwork.com/future-cryptocurrency-investment-bull-vs-bear

About China Money Network
China Money Network is an artificial intelligence-based platform tracking China’s smart investments and technology innovation.

CMN hosts an artificial intelligence (AI)-based bilingual platform that follows China’s smart investments, special situations and technology innovation every day. By tracking China’s private equity, venture capital and technology sectors, we deliver actionable data to our customers. We connect the data points to give global investors the tools to execute deals in China, deals that otherwise would simply never take place. CMN provides a unique way to target deal makers, top decision-makers and business leaders in China and around the world. We are well positioned with our team of experts and advisors to uncover forward looking cross-border deal flows not only for our customers in China but those trying to enter this highly lucrative marketplace.

Millions of professionals rely on CMN to take the business pulse of China and to follow daily/weekly trends, expert network events, exclusive company rankings, customized thought leadership research, subscription-based digital services as well as our Chinese language platform www.zhongjintoux.com, bridging global investors with business opportunities in China. CMN, founded in 2011, is headquartered in Hong Kong and operates from offices in Shanghai, Beijing, Shenzhen, Hangzhou and Los Angeles. We are an independent business owned by our founding team and employees. More information at https://www.chinamoneynetwork.com

The press release Cryptocurrency Investment Pros Break Down Fears And Opportunities At Upcoming Event In Hong Kong comes from Xinwengao.com press release distribution and journalist media database service in China.

Hong Kong, August 28, 2017 /Xinwengao.com/ - TiENPAY Limited, a pioneer financial technology firm that offers a global digital mobile wallet, clearance and settlement platform, announces that it has launched its T8Coin initial coin offering (ICO). The offering, from which investors can purchase TiENPAY’s proprietary T8Coin tokens with attractive investment return prospects, will fund the company’s development of an innovative blockchain-based royalty disbursement platform.

At the same time, TiENPAY is officially launching a fully licensed digital currency exchange in Hong Kong today, in partnership with Chinese financial firm, Baixin Financial Group Ltd. The exchange will allow the trading and conversion of four pairs of cryptocurrencies and fiat currencies, including Bitcoin/US dollar, Bitcoin/Australian Dollar, Bitcoin/CNY, and Bitcoin/Hong Kong dollar.

“I’m excited to announce that TiENPAY’s ICO has so far received strong investor enthusiasm, because our T8Coins are to fund a smart contract-based media and loyalty disbursement project that is expected to return handsomely for our token holders,” says William Tien, founder and CEO of TiENPAY. “In addition, the launch of the Hong Kong digital currency exchange pushes us one step forward in realizing our mission of creating a global and ubiquitous omni-channel financial platform offering hassle-free access to digital goods and services.”

“We are excited to partner with leading fintech company TiENPAY to launch the Hong Kong digital currency exchange,” says Liu Ziwei, Managing Director of Baixin Financial Group. “The exchange will benefit the fintech community in Asia to convert cryptocurrency and fiat currency with the convenience of just a few swipes of their fingers.”

The Initial coin offering, similar to an initial public offering, is a form of crowd sale where tech companies or projects raise capital in the form of crytocurrency, usually Bitcoin or Ethereum, by issuing project tokens. Since Mastercoin announced the first ICO globally, ICOs have become increasingly popular. In 2017, nearly 90 ICOs have taken place globally, raising crytocurrencies worth US$1 billion. China’s first ICO was completed last year by a project named Xiaoyi, and the market has skyrocketed since then. During the first half of this year, 64 ICOs were issued in China, raising crytocurrencies worth a total of RMB2.6 billion (US$420 million), taking over 40% of the global total.

TiENPAY’s T8Coin is a crypto token that utilizes the Ethereum Blockchain and consensus network. Early investors buying T8Coins during the ICO will be entitled to receive royalties in perpetuity from 20 web films TiENPAY plans to produce in the next five years. The web films will be embedded with TiENPAY’s proprietary Xtopp platform, which offers innovative advertisement and sponsorship opportunities to clients, therefore creating lucrative revenue streams that will be distributed to T8Coin holders. These web films will be distributed on China’s major online video sites and other prominent distribution channels.

The ICO accepts Bitcoin or Ethereum in exchange for the T8Coin token, which represents a contractual right to receive a royalty derived from the sale of T8Coin content. T8Coin is supported by Smart Contracts that act as an escrow agreement between the T8Coin and the Investors who purchase the tokens.

“It is the first time where web film production and distribution has been combined with innovative smart contract and blockchain technology to create an opportunity to benefit discerning investors,” says Victor Chow, co-founder and group chief operating officer of TiENPAY. “We expect with the completion and broad online distribution of our first movie before year-end, our token holders will be generously rewarded for their foresight in purchasing our T8Coin tokens.”

Last month, TiENPAY announced that it plans to produce 20 web films to promote the usage of innovative technologies such as its own mobile wallet. The first film, a comedy thriller web film “Wallet”, will be produced by Beijing Jinmache Film & Television Culture Communication Co., Ltd.  Production will start in September.

The pre-ICO, which has a maximum of 100 million T8Coins, began on August 18. The T8Coin crowd sale, with a cap of 100 million tokens, will start from September 8 to 22, 2017.  Any unsold tokens will be “burned”, or destroyed.

For more information, please contact:
Maggie Wang
Asia Media Network
Email: tienpay@asiamedianet.com for more details.

ABOUT TiENPAY:
Tracing its roots back to the first mobile phone mobile wallet in Australia in 1996, TiENPAY Limited is a leading global mobile wallet clearance and settlement platform. Founded by Singaporean entrepreneur and finance veteran William Tien and former Huawei executive Victor Chow, the company’s operations include mobile wallet apps and a digital currency exchange. The company currently has operations in Hong Kong, Singapore, China, Australia, U.S., U.K., India and Russia.

*Important disclosure: Investors are advised to exercise caution when purchasing cryptocurrencies, and are advised to conduct their own research and come to a conclusion purely based on their own analysis. This release is distributed to inform and disclose information and may not serve in any way as defining TienPay Limited and its affiliates’ legal obligations to token purchasers.

The press release Global Mobile Wallet Pioneer TiENPAY Launches Initial Coin Offering comes from Xinwengao.com press release distribution and journalist media database service in China.

Las Vegas, USA, July 28, 2017 /Xinwengao.com/ - REcoin is a new proprietary cryptocurrency designed for a broad range of financial transactions. It is backed by the most stable sector of the US economy, real estate. The 101REcoin Trust real estate portfolio is leveraged in USA, Canada, Japan, Great Britain, and Switzerland – countries with a proven track record of favorability to investors, where the current system of state and private insurance guarantees the utmost safety and security of any monetary transaction.

The REcoin ICO – the initial fundraising and token pre-sale stage – is scheduled for the period of August 7th 2017 till October 9th 2017, during which everyone is welcome to get acquainted with REcoin and invest. The pre-sale of tokens is not limited. However, the volume of tokens designated for sale at a discount is limited.

There are several economic and technical measures involved in support of REcoin’s attractiveness as a means of payment for real estate transactions, which are going to be managed, tracked and authenticated through blockchain technology. An international team of attorneys and programmers had been working tirelessly on creating solutions for REcoin holders to allow them to enter smart contracts in real estate rent (with the addition of sales contracts later), developing the supporting eco-system, creating partnerships with various Internet platforms.

Those measures shall inevitably lead to the exponential increase of the REcoin’s investment potential. The proceeds from the initial sale of tokens are invested in the highly regulated in virtually all jurisdictions real estate market reinforcing holder/investor confidence in REcoin. Also, 83% of the mining within the next fifty years of the issue is invested in real estate as well.

A purposeful work is carried out to develop the REcoin ecosystem: the search for, creation and integration of the Internet platforms that provide services in the real estate, retail and financial markets. Point-of-sale and other businesses of any specialization can also apply for inclusion in the affiliate program. A lucrative partner program is designed specifically for the purpose of expanding the range of operations and services in real estate, for which it is financially beneficial to conduct operations in REcoin.

By the time of launch, the REcoin ecosystem will consist of/be represented by the following Internet partner platforms:

— 101rebid – an online platform for conducting auctions for the sale/lease of real estate;
— 101cowork – Internet service for finding/offering real estate services;
— 101news – a news site dedicated to real estate;
— 101influencer – a communication platform for finding common ground between advertisers and opinion leaders
— 101mls – a classified ads platform designed specifically for Realtors;
101fundit – an online platform for crowdfunding in real estate.

The press release REcoin Group is launching REcoin – the first ever cryptocurrency that is backed by real comes from Xinwengao.com press release distribution and journalist media database service in China.

Shenzhen, China, July 26, 2017 /Xinwengao.com/ - TiENPAY Limited, a premium global mobile wallet platform, today makes the global debut of its innovative mobile wallet app: TiENPAY Wallet.

The company successfully conducted a live cross-border digital currency during a press conference in Shenzhen today to mark the global launch. The company’s TiENPAY mobile iOS apps will be formally launched in August, and its Android apps will be launched in September this year.

At the same time, TiENPAY announced that it plans to produce 20 web films in the next few years to promote the usage of innovative technologies such as its own mobile wallet. The first film, a love comedy web film “Wallet”, will be produced by Beijing Jinmache Film & Television Culture Communication Co., Ltd.  Preparation will begin in August and production will start in September.

“I believe today’s launch of TiENPAY Wallet ushers in a new age of financial freedom and inclusion, as our innovative products integrating the most advanced financial technology will extend convenient financial services to people around the world,” says William Tien, founder and CEO of TiENPAY. “We are confident that users will fall in love with TiENPAY and we will become the best global mobile wallet platform.”

TiENPAY can be integrated with existing channel service providers into local merchant accounts through Point Of Sales (POS) using QR codes or EAN code scanning. TiENPAY has internal built-in clearance and settlement of cryptocurrency including Bitcoin and Ethereum through its digital exchange in Hong Kong.

The company also plans to launch its digital exchange platform in Hong Kong in August for the trading of cryptocurrency and assets such as Bitcoin. By its August launch, the exchange will allow conversion of four pairs of cryptocurrency and fiat money: Bitcoin/U.S. dollar, Bitcoin/Australian dollar, Bitcoin/Renminbi, and Bitcoin/Hong Kong dollar. The exchange will expand to allow conversions of other digital currencies, including the company’s own digital tokens that it plans to launch in the near future.

TiENPAY’s services are currently set to cover eight countries and regions, including the United States, U.K., Australia, Singapore, Hong Kong, Cambodia, Russia and India. The company has plans to expand to cover 35 countries in five years.

“I’ve spent years traveling around the world and always had difficulty conducting currency conversions and cross-border transactions. I thought we should have something universal so that people don’t need to wait for two weeks before receiving their money,” Tien adds. “TiENPAY is exactly the answer to solve these kinds of headaches suffered currently by international travelers, residents of remote places and enterprises conducting cross-border transactions.”

“After years of hard work, we are glad to mark the global launch of our innovative fintech product TiENPAY Wallet,” said Victor Chow, co-founder and group chief operating officer of TiENPAY. “Business and individuals will find our wallet as the most convenient option as it has the capacity to connect to more than 350 payment gateway or aggregators like Visa, MasterCard, China UnionPay, WeChat and Alipay.”

ABOUT TiENPAY:
Tracing its roots back to the first mobile phone mobile wallet in Australia in 1996, TiENPAY Limited is a leading global mobile wallet clearance and settlement platform. Founded by Singaporean entrepreneur and finance veteran William Tien and former Huawei executive Victor Chow, the company’s operations include mobile wallet apps and a digital currency exchange. The company currently has operations in Hong Kong, Singapore, China, Australia, U.S., U.K., India and Russia.

The press release TiENPAY Launches Innovative Global Mobile Wallet Platform comes from Xinwengao.com press release distribution and journalist media database service in China.

Shanghai, China, August 25, 2014 /Xinwengao.com/ - Today Penguin China released ‘Chomping at the Bitcoin – The Past, Present and Future of Bitcoin in China’ written by Zennon Kapron. The book is a look at the development and future of the virtual currency in China.

In May 2013, China’s main state?run broadcaster aired a documentary about a little known virtual currency called Bitcoin. Over the next six months, the value of Bitcoin rocketed as Chinese money poured in. Unfortunately for many latecomers, the rapid rise in Bitcoin’s price and popularity also attracted government scrutiny, causing an unforeseen and catastrophic plummet in value. In this China Special, finance industry expert Zennon Kapron investigates this mysterious digital currency and the far?reaching implications of its use in China and around the world.

The book is now available as an e-book on all major online booksellers.

The Author
Zennon Kapron has over twenty years’ experience in the finance and technology sectors and has lived in China for the last ten years. In 2007, he helped set up Kapronasia, a finance and technology market research and consulting firm, prior to which he worked at Citibank and Intel. He is regularly quoted in publications on Bitcoin and other financial technology trends. He has a BSc in Computer Science from Syracuse University and an MBA from INSEAD.

Penguin China Specials
Penguin Specials are designed to fill a gap. The specials can be read over a long commute or on a short journey, during your lunch hour or between dinner and bedtime. These books provide a short escape into a fictional world or act as a primer in a particular field or provide a new angle on an old subject. They are short, original and affordable.

Press Information Jane Li jane.li@kapronasia.com

The press release Chomping at the Bitcoin: The Past, Present and Future of Bitcoin in China released by Penguin comes from Xinwengao.com press release distribution and journalist media database service in China.

Hong Kong, November 27, 2013 /Xinwengao.com/ - As a peer-to-peer digital currency, Bitcoin’s decentralized nature has already pushed the value of a single Bitcoin in the past few weeks up more than 300%. And www.bitebimi.com (which means Bitcoin Rice in Mandarin Chinese) is helping to foster the community of Chinese Bitcoin adherents with continuously updated news from around the globe.

As a newly-launched news and business intelligence source, BitebiMi.com focuses on both the euphoria and the risks involved in Bitcoin usage. As a virtual money mechanism, Bitcoin as an investment has dangers because of online theft and high frequency valuations.

But in China, Bitcoins are seen as being an important investment because of the paucity of adequate investments in China. For many Chinese, real estate is the main investment vehicle, so Bitcoin offers an alternative way to diversify. Bitcoins are also rumored to be used in some real estate transactions in China.

Others have seen a future in Bitcoins. In the past month, BTC China, one of the leading Bitcoin online marketplaces, raised US$5 million in Series A financing to grow its business, and in the U.S., the Federal Bureau of Investigation released a letter to Congress that stated “The FBI’s approach to virtual currencies is guided by a recognition that online payment systems, both centralized and decentralized, offer legitimate financial services.”

BitebiMi.com is managed by AMN, an online vertical digital media company based in Hong Kong. For more information, visit the site at www.bitebimi.com.

The press release Bitcoin News In China Gets Big Push From BitebiMi.com comes from Xinwengao.com press release distribution and journalist media database service in China.