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Talketh – Blockchain Communications for All

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Talketh - Blockchain Communications for All

Much of the world remains unbanked.  It is estimated that almost 2 billion people find themselves in this situation.  This issue remains today, as traditional banking is simply too expensive to be used in a practical manner.

Despite not having access to financial services, much of this unbanked population owns cellphones.  Unable to utilize traditional banks, these cellphone holders are often unable to make use of internet telephony.  Talketh has recognized this as an opportunity.

By utilizing blockchain, Talketh has developed a method for unbanked cellphone owners to gain access to VoIP.

Capitalization

Talketh, which functions as a smartphone app issued by Horizon Globex, specializes in providing low-bandwidth internet services.  This takes shape primarily as a VoIP provider.

The numbers show an enticing market that could prove to be quite lucrative.  All while offering a service to better the lives of many.

–          Nearly 2 billion people remain unbanked

–          Over 70% of the worlds cellphones do not yet have 4g

A huge portion of the human population does not have access to internet fast enough for VoIP. Even if they did, 2 billion cannot access it due to the inability to access credit and traditional financial services.

Through the use of their low-bandwidth technology, and utilization of blockchain, Talketh thinks they can change this.

How does it work?

Talketh will be distributing crypto scratch cards in their desired markets.  Locals are able to purchase these scratch cards with FIAT.  These cards can then be redeemed for VOX tokens.  The VOX tokens can then be transferred to the Talketh app, and redeemed for services.

The whole process should take only a few minutes, and allows the unbanked to gain access to internet telephony.

Do the people Talketh?

The need for a service such as this is simple.  Internet telephony is significantly cheaper than cellular.  The challenge is providing this as an accessible service to emerging markets.  With the process described by Talketh, they should be able to do just that.

Not only will they be offering a new service, but they will be offering a superior and cheaper one.

Upcoming STO

To aid in their goal of providing online services to the unbanked, Talketh/Globex is turning to an STO.  Hosted by BANQ, the STO has a goal of $35 million.  The sale will see the distribution of an ERC-20 token dubbed ‘VOX’.  With a fixed supply of 50 million tokens, 37.5 million will be made available in the STO.  Each of these tokens represents a single share in Globex.

With VoIP significantly cheaper than traditional cellular services, Talketh believes they can reach their goal of over 500,000 new subscribers in their first year.

To learn details about the project, please view our Talketh Token Listing page.

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Joshua Stoner is a multi-faceted working professional. He has a great interest in the revolutionary 'blockchain' technology. In addition to this, he is a licenced Paramedic in Nova Scotia, Canada. As such, he can provide emergency care/medicine to any situation necessitating it.

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Draper Goren Holm Adds Rodney Sampson as Venture Partner

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Draper Goren Holm - Philanthropist Rodney Sampson

The Los Angeles-based venture firm, Draper Goren Holm announced the addition of well-known Philanthropist Rodney Sampson this week. According to reports, Sampson is now a venture partner in the firm. As such, he will play a key role in identifying projects of interest to the group moving forward. The news showcases the further expansion of the US-blockchain sector, and a desire by Draper Goren Holm to remain ahead of the curve in terms of blockchain integration.

Draper Goren Holm

The investment firm of Draper Goren Holm specializes in accelerating and incubating early-stage blockchain and fintech startups. Currently, the firm handles over 65 partnerships with top venture capital funds, media companies, and service providers in the sector. Notably, the firm is named after its three primaries – Tim Draper, Alon Goren, and Josef Holm. Together, this triad is able to catapult innovative tech projects into stardom.

Rodney Sampson

The addition of Rodney Sampson will only strengthen Draper Goren Holm’s positioning in the market. Sampson is one of the most recognized investors in the market. Much of his recognition comes from his astounding investment history and the events he hosts yearly. Importantly, Sampson participates in around 300 events per year. Consequently, he regularly works closely as an advisor to high growth startups and seed-stage venture funds.

Rodney Sampson Has the Experience to Excel

As one of his early business ventures, Sampson co-founded, built, and sold Multicast Media Technologies for $24 million in 2010. Additionally, he retains a partnership and is the largest minority LP at TechSquare Labs which is valued at over $1.5 billion. Sampson is also the Executive Chairman of OHUB and a Nonresident Senior Fellow at the leading inclusive ecosystem building platform – The Brookings Institution.

Rodney Sampson

Rodney Sampson

How the Team Met

Not surprisingly, these individuals didn’t decide to join forces out of pure chance. Sampson met Alon Goren and Josef Holm at a crowdfunding event in Las Vegas nearly a decade ago. Tim Draper also knew Sampson from the time they both judged a pitch competition for 43North in Buffalo. Importantly, Sampson believes the team wasn’t brought together by accident. He believes that together, they can work to “solve our planet and society’s hardest challenges.”

Discussing the important addition, Draper Goren Holm’s Founding Partner, Goren spoke on how Sampson will become a key contributor to the team’s unified efforts. He commended Sampson on an impressive career and his “grit, deep industry insight, and entrepreneurial spirit.” Finally, he discussed how the team will one day build the next generation blockchain hub in Los Angeles.

Goren’s thoughts were echoed by the other Founding Partners of Draper Goren Holm. Specifically, Holm spoke on Sampson’s new role in the firm. He states that Sampson will help the group scout out industry talent. In this way, the firm seeks to leverage Sampson’s decades of experience to ensure only the best and brightest concepts make it to the table.

Tim Draper

The American venture capital investor Tim Draper was born on June 11, 1958, to a long line of venture capitalists. Perhaps it was this early start that allowed him to become one of the most successful venture capitalists in the world. His most prominent investments include some of the best-known companies in the world. Draper helped start Baidu, Hotmail, Skype, Tesla, SpaceX, AngelList, SolarCity, Twitter, DocuSign, Coinbase,  Ancestry.com, Twitch, Cruise Automation, just to name a few.

Tim Draper Crypto

Draper has been involved with blockchain technology since the very beginning. In early 2014, Draper started to acquire Bitcoin in small batches. The price was around  $2 at that time. Aside from his early savings, Draper also received international media coverage when he purchased the Bitcoin confiscated during the Silk Road trial by US Marshalls. According to reports, he purchased 40,000 Bitcoins at around $632 apiece.

Alon Goren

Alon Goren is another well-known investor in the market. His career includes becoming the CEO and Co-founder of InvestedIn. Importantly, the platform specializes in social fundraising and crowdfunding platforms. Prior to founding InvestedIn, Alon held multiple high-ranking positions at tech giants such as IMDB and MySpace.

Importantly Goran is a strong advocate for tokenization. Especially in regards to securities. In the past, he hasn’t been shy about what he considers antiquated securities laws. In a recent interview, he explained that “people operating in good faith” need more flexibility to develop the market properly.

Josef Holm

Not surprisingly, Josef Holm is also a leader in the crowdfunding industry. He has over 17 years of start-up, business development, digital marketing, and social marketing experience. Notably, he co-founded and is the CEO of Tubestart.com. The platform is a fan-supported content development platform. In 2014, he founded Krowdster.co. This platform was the first to introduce to the market crowdfunding campaign analytics, optimization, and promotion software based on big data, machine learning systems and predictive analytics.

Draper Goren Holm

Draper Goren Holm entered the market in August 2018. Originally founded by Alon Goren and Josef Holm, the company added Tim Draper only months after its start. The company focuses on incubating and accelerating early-stage blockchain startups. As such, the company helped launch Totle, Ownera, Innovesta, LunarCrush, Degens, Giftz, Vertalo, Coinsquad, CasperLabs, Element Zero, DeFi Money Market, to name a few.

Additionally, the firm hosts some of the most important summits of the year. These summits include CIS, the Security Token Summit, and the LA Blockchain Summit. Importantly, the CIS conference was one of the firm’s first ventures. Today, it is the largest blockchain conference on the West Coast.

Draper Goren Holm – The Men Behind The Magic

You can expect to continue to see innovative and disruptive technologies receive a boast from this firm. Their unmatched experience, coupled with a unique market outlook, is what keeps Draper Goren Holm one step ahead of the competition. Sampson is no stranger to the fast-paced tech capitalist world. His experience is sure to prove valuable as the group seeks to push blockchain adoption to the masses. For now, the cryptocommunity awaits the firm’s net major move.

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EUR/USD Forex Market Weakening as Virus Spread Continues

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EUR/USD Forex Market Weakening as Virus Spread Continues

• Signs of Strength in Previous Days Removed
• USD Position as Safe Haven of Choice Remains
• Oil Also at Decade Low as Impasse Continues

The Euro has faced a challenging start to the week as it stalls after record rallies last week to regain a foothold against the Dollar. The market confidence again seemingly shaken by the continued spread of COVID-19 across the bloc and the possible lack of a cohesive plan to stimulate the economies of the key nations. The USD has again gained on being the destination of choice for worried traders, while oil markets continue to plummet to new lows.

Euro Rally Looks to be Discontinued

The currency had rebounded quite well from the turmoil of recent weeks to post record gains last week. This has stalled at the $1.11 mark and dropped back almost 1% at the time of writing. This has been largely pushed by the ramp up in cases reported by Germany, the largest economy of the Union, and similar continued struggles in both France, and Spain.

The market sentiment here has also certainly not been helped by disagreement between countries about how they should deal with the economic impact of the crisis. There have been much needed injections into the markets of almost all countries in the EU, and multiple joint efforts to ensure the people have the emergency equipment and other things they need. Then came the question on how it should be paid for. This laid bare a division between several of the nations which still has not been clearly resolved.

USD Improving Again as Markets Panic

The balance of this pair will also have been impacted by the influx of traders moving back toward the USD. This may be seen as a retreat of sorts, with the confidence that was starting to grow toward the mid-point of last week receiving a knock back.

The only significant data to come out of the US today is that regarding February pending home sales. This, in combination with the expected drop back in major markets at the sounding of the opening bell, all spells a backward step for the country in lockdown. The market has not responded to various attempts at stimulation and it looks as though traders will remain steadfast in the USD for the early part of the week at least.

Oil Face-Off Continues as Price Hits New Lows

Amid the continuing coronavirus chaos, Russia and Saudi Arabia continue their standoff in the oil price war. This, at an already economically uncertain time has done the economy no favors. Crude Oil stands at the lowest point since 2002 at the time of writing. There also appears to be no breakthrough in sight.

With both nations refusing to budge, and Saudi Arabia signaling an intention to flood the market at a time when demand is already at rock bottom, there may well be further for these prices to fall before any positive progress is seen. This in turn is sure to be felt in the forex market, particularly with the Canadian Dollar which is heavily linked to oil prices.

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Telegram Investors Ready to Take Refunds amid Covid-19 Pandemic

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Telegram Investors Ready to Take Refunds amid Covid-19 Pandemic

According to multiple sources, the number of major Telegram ICO investors ready to accept refunds has skyrocketed. Originally, investors wanted a 100% refund of their funds. Unfortunately, the Covid-19 epidemic has caused many to switch their stance over to settle at a fraction of the funds paid into the token.

One report listed 10 major investors in Telegram’s blockchain project as ready to take what they can get immediately. Importantly, the Telegram ICO raised $1.7 billion from a variety of international investors. Up until this week, investors seemed ready to battle for a full refund. Now, given the state of uncertainty all the markets face, investors revealed they are ok with a 72% refund. Notably, Telegram stated that 5- 7%% of the funds were already spent on the development process in the intervening months.

Not Enough to Appease Investors in a Bull Market

Notably, back in October 2019, the firm offered 77% of invested funds back as refunds for the project. At the time, investors chose to reject the offer and agreed to extend the deadline for issuing the tokens to April 2020. The market was strong and most investors revealed a desire to receive tokens over refunds. However, these tokens never issued.

Telegrams Difficulties Continue

Telegram’s problems arose from their record-breaking ICO. The crowdfunding campaign came under investigation by the U.S. Securities and Exchange Commission last year. Regulators claim that Telegram violated securities laws when it illegally sold securities. In addition to the legal issues, the platform promised to deliver GRAM token to initial buyers before November of 2019. Unfortunately, the SEC blocked the company from completing this task just two weeks before the scheduled launch.

Telegram ICO Stats via ICO Drops

Telegram ICO Stats via ICO Drops

SEC Files Injunction – Telegram

At that time, the SEC filed an emergency action to halt the launch of the TON blockchain and GRAM token. Shortly following this decision, regulators obtained a restraining order against the company. On top of the SEC infractions, a federal court in New York ruled against Telegram this week. The court found that issuing the Gram tokens would constitute a violation of securities laws. Specifically, a judge of the Southern District of New York instituted a preliminary injunction. This injunction claimed that Telegram failed to register its ICO. Consequently, the firm violated the registration provisions of the Securities Act of 1933.

Market Speaks on the Changes

Speaking on the new developments, Head of Russian digital currency investment firm Hash CIB, Yakov Barinsky explained how the attitude of most investors changed recently. He stated that investors accepted the new refund conditions after the market collapsed. Currently, the entire global economy is in a state of stagnation.

Telegram Faces Uphill Fight

The hugely-popular messaging app became a global leader in the sector through a combination of an easy-to-use interface and advanced features. Of these features, Telegram’s use of end-to-end encryption is best known. In the past, this feature received heavy government scrutiny as it prevented their surveillance efforts.

Looking Bleak

Today, Telegram finds itself in the middle of a hard-fought court battle and a global epidemic that halted economic activity across the board. Unfortunately for the TON blockchain project, this perfect storm could prove as a death blow to the firm’s blockchain aspirations. For now, Telegram seeks clarification on the rulings.

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