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The North American Bitcoin Conference Set to Heat Up Miami

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The North American Bitcoin Conference Set to Heat Up Miami

On the 17th and 18th of January, 2019, the entire Bitcoin and blockchain community will converge in Miami for a historical conference aimed at driving cryptocurrency from niche to mainstream. Now in its seventh year, The North American Bitcoin Conference is the longest running and most attended finance conference for the Bitcoin, blockchain and cryptocurrency industries with over 4500 attendees in 2018. Additionally, a key focus of the 2019 conference will be a dedicated Security Tokens track, unpacking the new and exciting world of securities and blockchain technology.

Building on the recent successes of conferences this year in Miami, London, New York and Dubai, The 7th Annual North American Bitcoin Conference, as a part of the World Blockchain Forum, will return to sunny Miami with a lineup of over 60 world-class presenters, including technology veterans, and founders of companies which have collectively raised over $18.1 billion in Initial Coin Offerings(ICOs). Past events have been featured in the Wall Street Journal, The New York Times, Forbes,Fortune.com, Bloomberg, and other mainstream media outlets.

The two-day conference will have new things in store for attendees to bring them added value on top of the already stacked speaker and sponsor lineup. As well as brand new Lightning Networking sessions, creative installments and a second track dedicated to digital security tokens, the event will still maintain the focus on investments, successful past and future ICOs, legal implications and regulations, and how decentralization is disrupting not only the banking industry.In addition to the two day conference, The North American Bitcoin Conference is proud to announce Miami Blockchain Week which has multiple satellite events before and after the conference, including hackathons, additional networking events, education days, and after-parties.

The first speakers have been announced and include:
● David Chaum, Inventor of Digital Cash
● Dr. Patrick Byrne, Founder of Overstock.com and t0
● Halsey Minor, Founder of CNET
● Veronica McGregor, Head of Legal at Shapeshift.io
● Matthew Roszak, Co-Founder, Bloq
● Charlie Shrem, Bitcoin pioneer
● Maja Vujinoc, CEO at OGroup
● Jason King, Co-Founder, Academy
● Bruce Fenton, President of Atlantic Financial
● Epperly Li, Investment Director at Bitmain
● Marco Santori, President of Blockchain.com
● Andrew Filipowski, Chairman at Tally Capital
● Sang Lee, President & CEO, Darcmatter
● Alexa Hefti, Blockchain Tax Lead at Deloitte
● Jeffrey Tucker, Editorial Director at American Institute for Economic Research

Keynote’s founder Moe Levin says, “This conference comes at a pivotal time as innovation forces us all to make wise investing decisions. With an influx of new opportunities, and hundreds of new ICOs, Keynote wants to give our attendees the opportunity to meet the people and product they’ll be investing in, discuss white papers, and get a better understanding of the fast-expanding blockchain ecosystem. We’re also excited for our attendees to meet and interact with our sponsors and exhibitors, who are the greatest blockchain companies active at the moment.”

Tickets are available now at btcmiami.com/tickets

For Sponsorship and Exhibiting information please email amy@keynote.ae

About Keynote
Keynote was launched in 2012 by blockchain strategist Moe Levin. Further information and details about Keynote and the event can be found at btcmiami.com

For media inquiries, please contact Amandah Hendricks, Keynote’s Chief Communications Officer at amandah@keynote.ae

Security Tokens

BTG Pactual SA Shows 42% Profit Increase After STO Initiative

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Banco BTG Pactual SA Corperate Reports 42% Earnings

This week, the Brazilian-based Banco BTG Pactual SA revealed its Q4 earnings from 2019. Considered as one of the most pro-crypto institutions on the continent, analysts were eager to see the bank’s profits. Last year, the bank instituted multiple blockchain strategies including the launch of several STOs. Impressively,  Banco BTG Pactual SA showed a net income growth of just over 42%.

As the largest standalone investment bank in Latin America, the news signifies a calling for other traditional financial firms to embrace blockchain technology moving forward. According to reports, the earnings exceeded analysts’ expectations across the board. Until now, Bank officials have kept silent on the firm’s blockchain initiative’s progress. Now, it’s evident that the project was a huge success.

STO News Pushes Profits

This substantial growth started early last year when BTG announced plans to start hosting security token offerings (STO). Since that time, the bank hosted numerous STOs. These offerings utilized both the Ethereum and Tezos blockchain.

"Bank

In total, Banco BTG Pactual SA experienced a net income surge of over 42%. Broken down into categories, the bank’s recurring net income saw an increase of 61%. That equals out to around $232 million. Additionally, the bank saw a stark increase in its loan book.

Notably, Banco BTG Pactual’s loan book grew by just over 11% from Q3. Executives attributed this growth to a combination of factors. Importantly, the integration of blockchain technology, in addition to a new corporate strategy fueled the growth. Much of the growth in this sector emerged after bank officials announced plans to extend loan services into other South American countries. Specifically, Chile and Colombia are on the list.

Banco BTG Pactual SA Embraces Crypto

Banco BTG Pactual SA became recognized as a pro-crypto organization in early 2019 after the firm announced it would launch the first Latin American tokenized real estate fund STO – REITBZ. The project received heavy media coverage which helped to boost BTG’s positioning in the market. Importantly, the STO raised $3 million.

At that time, BTG executives decided to utilize the Ethereum blockchain to carry out the STO. While the project was successful, banking officials raised some concerns regarding the structuring of the Ethereum blockchain. Basically, bank officials wanted a way to ensure that no transactions got verified from miners located in countries under US sanctions.

Since Ethereum is a decentralized blockchain that allows anyone to mine it via the Proof-of-Work consensus algorithm, blocking miners due to their location was impossible. As such, Banco BTG Pactual SA executives announced a change over to the Tezos blockchain in July 2019. Tezos provides a more permissioned blockchain than Ethereum. Consequently, the firm allows Banco BTG Pactual to avoid any future concerns regarding transaction validations from US sanctioned countries.

Banco BTG Pactual SA – Tezos Big Plans

Almost immediately after the Tezos integration, both firms announced that they had around $1bn in existing and prospective token issuances in the pipeline. This announcement helped to drive profits even further, as investors are now bullish on the new tech integrations.

Banco BTG Pactual SA – An Industry Leader

As the top player in the Latin American crypto sector, Banco BTG now has the ability to set the pace for the entire market. As such, you can expect to see a host of other institutions seeking to integrate blockchain technology as soon as possible. For now, Banco BTG Pactual SA officials deserve a pat on the back for their forward-looking strategy and successful launch of the bank’s tokenization initiative.

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Regulation

Bank of Russia Looks to Retcon Regulations Surrounding Digital Assets

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Successful Completion

A pilot program, sanctioned by the Bank of Russia, was developed, and recently completed, by Russian mining industry giant, Nornickel.

This pilot, which took place within the bank’s regulatory sandbox was structured as a means to test the veracity of the benefits surrounding digital assets, and the potential role they can play in finance.

 Pilot Capabilities

The pilot saw a platform developed by Nornickel, which provides its clients with various capabilities surrounding digital assets.  Through the use of ‘hybrid tokens’ the platform provides, but isn’t limited to, tokenization of…

  • Goods
  • Services
  • Securities

The goal hoped to be achieved through offering these services is two-fold, like most tokenization platforms.

  1. Provide companies easier access to financing opportunities
  2. Provide investors with an increase palette of investment choices.

Changes Incoming?

The Bank of Russia did not embark on this endeavour for the fun of it.  They have noted the potential role that digital assets will play in the future of finance, and are looking to prepare themselves accordingly.

As such, they have now submitted framework surrounding digital assets, in hopes of seeing new amendments made to Russia’s current laws governing crypto – Framework established during Nornickle’s time in the bank’s regulatory sandbox.

We have previously taken a look at a few of the laws governing blockchain in Russia, which the nation’s central bank hopes to see amended.  Make sure to peruse the following article to see the areas which stand to, potentially, be altered.

Russia Begins Regulatory Framework for Security Tokens

Commentary

As stated, the Bank of Russia, only today, released a statement on the successful completion of the pilot program.  The following is a translation of commentary provide by the bank.

Ivan Zimin, Director of the Financial Technology Department of the Bank of Russia, states,

“It was one of the largest sandbox projects. We have studied in detail the new business model and its compliance with the needs of the market. An important part of the service is the use of hybrid tokens, which make it easy to adapt to the needs of business and consumers and provide flexible solutions to attract investment. As a result of the piloting, the Bank of Russia proposed to include in the draft federal law “On Digital Financial Assets” the provisions necessary for the introduction and development of such solutions in the emerging market of digital assets, which were supported by the government agencies and business.”

Seeking a Friendly Hand

Establishing a clear framework surrounding digital assets is clearly of importance when gauging industry development.  As industry participants look to continue expanding their products and services, we have seen many begin seeking out nations which have had the foresight to implement such framework.

One company, recently covered, that is doing just that, is Smartlands – a UK based tokenization platform.  Smartlands recently announced that they would be basing their future moves on the Liechtenstein Blockchain act.

Smartlands Begins Realignment with Eyes on ‘Liechtenstein Blockchain Act’

Treading Lightly

While news of a potential implementation of government backed framework is, no doubt, welcome, Russia has remained skeptical of the cryptocurrency industry at large.  Tokenization of assets and financial instruments in a regulated manner are one thing, but cryptocurrency transactions are another beast entirely.

Russia has taken a trepidatious stance towards cryptocurrencies, as they link them to potential money laundering schemes.  This stance has been reiterated as recently as February 17, 2020 by the Bank of Russia, as they look to update ‘Directive 375-P’ – essentially a manual for identifying illicit financial activity.

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Token Solution Providers

Custodial Specialists ‘Copper’ Draws $8M in Investments through Series A

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Custodial specialist, Copper, has recently announced the successful completion of their Series A round of funding.

The team at Copper has indicated that the funds raised during this event will be put to use in two key areas.

  • Global expansion
    • Specifically North America and Asia
  • Product development
    • Investment options targets towards institutional clients

The Details

The completion of their Series A came in to the tune of $8 million.  These funds bring the total raised, to date, by Copper up to, roughly, $9.3 million.

In order to raise the $8 million, Copper saw the participation of multiple companies with high hopes in what they look to achieve.  Contributors are as follows:

  • Target Global
  • LocalGlobe
  • MMC Ventures

Commentary

Upon announcing the results of their Series A, Dmitry Tokarev, CEO of Copper, took the time to comment.  He stated,

Copper was always designed to be a global offering. Since 2017, we have seen many crypto custody solutions emerge that don’t fully meet the needs of institutions. Instead, they have built for an institutional framework that doesn’t exist yet, and is unlikely ever to, leaving institutions discouraged…Our Walled Garden and Prime Brokerage infrastructure truly looks after the security and trading needs of institutions, regardless of their investment strategies and goals. We are seeing volumes increase as our clients see the advantage of our prime brokerage solution, which allows them to make transactions across many trading venues securely and efficiently.”

He continued,

“This venture funding round is a real vote of confidence from investors. Their support will allow us to accelerate our scale up, hiring teams in key regions and introducing new products and services to better meet their needs.”

Custodianship

As the digital securities sector grows, an increasing amount of participants will require secure, trusted, services for storing their assets.  As a result, the custodianship of digital assets has been noted as an important area in which development must take place.

While Copper remains one of the more promising outfits looking to tackle the issues surrounding custody, there remain various competitors developing alongside them.  For example, the following article takes a brief look at some of the leading offerings in the market today, including Coinbase, TokenSoft, Anchorage, Unbound Tech, and of course – Copper.

Custodianship – A Look at Various Industry Solutions

Copper

Founded in 2018, Copper, maintains operations in London, United Kingdom.  Above all, Copper specializes in offering services tailored around the custodianship of digital assets.

CEO, Dmitry Tokarev, currently oversees company operations.

In Other News

There is a clear growing interest in digital assets, and the services surrounding them.  This has been made obvious by multiple successful Series A raises in recent months – Demonstrating a strong belief in the future of blockchain based endeavours.  The following are just a few examples of these successful capital generation events.

Securitize Receives Backing from Sony

Horizon Globex Shakes Up the Team, While Hosting a Successful Series A

Securrency Pulls in $17.75 During Successful Series A

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