BITPoint and IdentityMind partner for Latin America AML compliance
Overstock Subsidiary to Help Liberia Digitize Services, Boost Economy with Blockchain
IdentityMind Global and BITPoint LATAM, a cryptocurrency exchange in Latin America, have announced a new partnership for KYC and AML compliance.
Currently, BITPoint is operational in Panama and Peru and plans to expand their territories into Latin America. The company already has a presence in five Asian countries, including Japan. BITPoint is among the few certified digital assets exchanges registered with the Japanese Financial Service Authority (JFSA).
Overstock’s Medici Ventures Leads $7 Million Round for Blockchain Voting Startup
Overstock.com subsidiary Medici Land Governance has signed a memorandum of understanding with Liberia to help the African nation digitize government services, a news release announced on June 10.
The pro bono pilot project will explore how Liberia can strengthen its economy through blockchain and enhance interoperability between government departments. As well as strengthen the country’s capacity to generate revenues, the release notes that such infrastructure could reduce corruption.
Grainchain, a blockchain-based platform for commodity sales, launches in Mexico
Blockchain-based mobile voting platform Voatz has raised $7 million in a Series A round led by Overstock’s Medici Ventures and Techstars.
Urban Innovation Fund and Oakhouse Partners also participated in the funding, according to an announcement provided to CoinDesk Thursday.
Voatz said it will use the investment to develop the accessibility and usability of its platform, as well as to boost security as it launches new pilots in partnership with states, cities and “select international jurisdictions.”
Crypto Exchange Binance Enhances Global KYC/AML Measures With Tools From IdentityMind
In the two years since GrainChain launched its distributed ledger-based transaction platform for bulk dry goods, the company has brokered thousands of contracts on everything from corn, sorghum, wheat and soybeans to even sand from its headquarters in McAllen, Texas.
Now the company is expanding its services to Mexico, partnering with the government of Tamaulipas to help farmers and grain elevators with commodity management and settlement.
Overstock’s Medici Acquires Stake in Blockchain Banking Startup
Binance, the world’s largest cryptocurrency exchange by adjusted trading volume, is implementing stronger know-your-customer (KYC) and anti-money laundering (AML) regulations to ensure data security and compliance across their global operations.
Following the launch of Bitcoin Lite in Australia, Binance announced today a new partnership with Medici Ventures portfolio firm, IdentityMind. This collaboration is part of a joint mission to help raise the blockchain industry’s standards by improving existing data protection and compliance measures.
Explore wine on the blockchain with your tipsy Valentine
Medici Ventures, the blockchain investment arm of Overstock, has acquired a 5.1 percent equity stake in blockchain banking startup Bankorus.
Announcing the news on Monday, Overstock said Bankorus’ blockchain platform allows individuals and institutions to “securely” buy, sell, store and lend digital assets.
“The addition of Bankorus to Medici Ventures’ portfolio of companies will further our work in building the foundation of a blockchain-based technology stack for society,” said Jonathan Johnson, president of Medici Ventures.
Overstock’s Medici Land Governance Inks Deal for Local Land Registry in Mexico
A bottle of red, a bottle of white, remember that Merkle trees keep your chain size light. That’s right: wine is now on the blockchain.
Vinsent, a new app that allows purchasers to pick up a bottle of fancy (mostly Israeli) vino, is turning to the blockchain to register wine futures purchases while ensuring that the bottles are authentic.
Vinsent came from VinX, a Medici-funded company that sought out to create a digital wine futures platform similar to the Bordeaux model.
Eastern Caribbean Central Bank to Test Blockchain Legal Tender
Medici Land Governance, a subsidiary of Overstock’s venture arm Medici Ventures, has signed a memorandum of understanding with a local government in Mexico to create a digital land records system.
According to Monday’s announcement, the memorandum of understanding was struck with the municipal government of Tulum, which is located in the state of Quintana Roo. If built, the deal will allow officials there to collect data about land ownership and issue certificates of title to land in an effort to record such transactions automatically.
Ripio Is Launching a Crypto Exchange for 3 Latin American Nations
The Eastern Caribbean Central Bank (ECCB) is about to conduct a pilot for a blockchain-based central bank digital currency (CBDC) in preparation for its planned full rollout as a legal tender, possibly in 2020.
For the initiative, the ECCB late last month inked a deal with Barbados-based fintech firm Bitt to help conduct the pilot, with other technical support from Pinaka Consulting.
This CBDC pilot will involve a “securely minted and issued” digital version of the Eastern Caribbean dollar (XCD) and will be distributed for use by financial institutions across the Eastern Caribbean Currency Union (ECCU), according to an announcement from Bitt.
Blockchain vs. a database: What's the difference?
Ripio, a startup that’s been working to boost crypto adoption in Argentina, is opening a new exchange platform for three Latin American markets.
The exchange will operate in Argentina, Brazil and Mexico, though due to regulatory hurdles, only fixed-price purchases will be available for Mexican users, Ripio CEO Sebastian Serrano told CoinDesk at Consensus 2019. The company already offers a crypto wallet and peer-to-peer lending, and is launching over-the-counter (OTC) trading for institutional investors alongside the exchange.
Blockchain Beyond Crypto: A Conversation with tZERO’s CEO Saum Noursalehi
Blockchain distributed ledger technology (DLT) has been touted as the answer for just about every transactional issue facing the world today – from payment processing and supply chain tracking to digital identities and copyright protection.
Databases, however, have been serving those same use cases for decades. They record how much money is in a bank account, when cargo reaches a destination and they store the identities of business users – enabling access to business applications and sensitive data.
Overstock’s tZERO Wins Patent for Integrating Crypto With Legacy Trading Tech
In 2018, we made a concerted effort to expand into cryptocurrencies. Among other initiatives, we launched new crypto trading tools, we added support for bitcoin futures on CME and CBOE, and we recently invested in the new CoinFLEX exchange. We recognize crypto’s potential, and we’re passionate about making sure our users have the best possible tools to trade in that space.
Even though cryptocurrencies aren’t new to us, we’re always looking to gain more insights into how blockchain technology is affecting both capital markets and other industries as well.
Wyoming County Moves to Put Land Records on Blockchain
Security token trading platform tZERO, a portfolio company of digital retail giant Overstock, has won a patent outlining how it may merge legacy trading systems with cryptocurrencies and digital asset tech.
Published Thursday by the U.S. Patent and Trademark Office, the patent describes a “Crypto Integration Platform” capable of combining market information from a variety of sources to determine best prices. The system would then “secure both the digital transactional items (i.e., the funds for a buy order and the digital assets or liabilities for a sell order)” before conducting the transaction.
Medici Ventures Completes $3.6 Million Securities Token Transfer Using The Ravencoin Blockchain
A county in the blockchain-friendly state of Wyoming is planning to put its land registry on a distributed ledger.
Teton County (pop. 23,265 ), which includes the town of Jackson and part of Yellowstone National Park, has signed a memorandum of understanding (MOU) with Medici Land Governance (MLG). The startup, majority-owned by Overstock.com’s blockchain investment arm Medici Ventures, will build the new registry on the Open Index Protocol (OIP).
Overstock’s Medici Ventures Acquires Stake in Agricultural Blockchain Firm
While an abundance of hype surrounds the capabilities of blockchain technology, its ability to transfer equity using tokens as digital securities has been demonstrated.
Medici Ventures, the leading blockchain accelerator and subsidiary ofOverstock.com, Inc., has successfully conducted a digital securities token transfer representing its equity ownership in Chainstone Labs, a company focused on digital securities and decentralized asset management.
GSR Capital Engages tZERO to Develop Commodity Contract Token
Medici Ventures, the blockchain venture arm of Overstock.com Inc., has purchased $2.5 million in equity in agricultural blockchain project GrainChain.
Founded in 2003, GrainChain has developed a blockchain-powered system that enables supply chain parties to track the distribution process of harvests.
Overstock Venture Chief Expects Market for Blockchain Products in 2019
Overstock.com, Inc. and its subsidiary tZERO Group, Inc., the global leader in blockchain innovation for capital markets, announced today that Hong Kong-based private equity firm GSR Capital has retained tZERO to develop a smart contract token that will be utilized for an upcoming sale of cobalt.
Overstock’s Medici Invests $2.5 Million in Grain Tech Firm’s Blockchain Pivot
“People often say that ‘blockchain will change the world with dot-dot-dot.’ Now everybody needs to figure out what ‘dot-dot-dot’ is, and build it.”
That’s how Jonathan Johnson, president of Overstock.com’s Medici Ventures, describes the blockchain-focused venture fund’s goals for 2019.
Medici Land Governance...Signs MOU With Government of Rwanda to Implement Paperless Blockchain Land Governance and Property Rights Management
Medici Ventures announced Tuesday it was purchasing $2.5 million of equity stake in GrainChain, a nearly six-year-old company which develops software tools to aid farmers and purchasers in the grain industry.
Overstock.com, Inc. (NASDAQ:OSTK) has announced that its blockchain-meets-property rights subsidiary, Medici Land Governance, has signed its second Memorandum of Understanding (MOU) with an African nation to develop a blockchain-based platform to manage land governance and property rights.
This latest MOU has been signed with the Rwanda Land Management and Use Authority (RLMUA) and the Rwanda Information Society Authority (RISA) to implement Medici Land Governance’s technology to move Rwanda to a paperless, secure, corruption-proof, blockchain-based system of land governance.