Cayman’s blockchain entrepreneurs unite

Cayman’s blockchain entrepreneurs unite … the Cayman Islands, a group aimed at facilitating local development of the distributed ledger technology.

The Cayman Islands tech community has its sights set on blockchain and positioning the jurisdiction as a leader in the burgeoning sector.

George Town’s South West Collective was at capacity Wednesday night, June 19, as techies and entrepreneurs gathered for the launch of the Blockchain Association of the Cayman Islands, a group aimed at facilitating local development of the distributed ledger technology.

“The main purpose is to get everyone in the industry to work together to grow Cayman as a destination for blockchain projects. We’ve seen the technology grow and develop significantly in the past few years, with Facebook just announcing their own coin. This will definitely have an impact on Cayman as well,” said chairman Petri Basson.

Cayman is already home to several blockchain-oriented companies and initiatives, with blockchain meetups and conferences gaining momentum in recent years.

The association seeks to give structure and professional guidance to the sector. Founding member Brad Kruger said around a dozen people from diverse backgrounds have met over the last year to setup the organisation.

He said Cayman already has a well-established community of highly skilled, trained and educated professionals that can provide a supporting framework encompassing legal, accounting and financial services.

“Cayman has been starting to become a hub or centre of excellence in terms of innovation, particularly in the blockchain space. We want to promote it and increase the amount of business and the profile of the Cayman Islands for these types of businesses,” Kruger said, adding that he sees no serious blockchain competitor to Cayman in the Caribbean or offshore world.

The international nature of the Cayman Islands and the businesses that operate here makes the jurisdiction an ideal location for blockchain innovation, Kruger added.

“By nature, blockchain companies are international businesses and I think all the features of Cayman that make the island attractive for international business in the finance industry will also make it attractive for international business in the tech startup and blockchain industries,” he said.

The association offers two levels of membership, one for individuals and another for corporate members.

Individual members will have access to talks and events hosted by the organisation. Corporate members will have a member who represents them in the association and will have access to all of the events.

“Additionally, corporate members will be featured on our website to make it easier for companies who want to explore Cayman to find service providers. Corporate members will also be included in a quarterly town hall meeting where we will bring all industry participants together to discuss issues and work together as an industry,” Basson said.

Educational initiatives will be one of the main drivers of the association. Basson expects the group to host quarterly events featuring international speakers.

For more information about the group, visit https://caymanblockchain.org.

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TINGYI CAYMAN ISLANDS HLDGS CP ORDINARY (OTCMKTS:TCYMF) Stock Is Shorted Less

… China Telecom Mull CDR Homecomings – Seeking Alpha” published on March 30, 2018, Seekingalpha.com published: “SoftBank Group Trades At …

The stock of TINGYI CAYMAN ISLANDS HLDGS CP ORDINARY (OTCMKTS:TCYMF) registered a decrease of 5.36% in short interest. TCYMF’s total short interest was 11.40M shares in April as published by FINRA. Its down 5.36% from 12.04M shares, reported previously.

It closed at $1.6 lastly. It is down 0.00% since April 28, 2018 and is . It has underperformed by 4.37% the S&P500.

Tingyi Holding Corp., an investment holding company, makes and sells instant noodles, beverages, and instant food products in the PeopleÂ’s Republic of China. The company has market cap of $9.11 billion. The firm operates through Instant Noodles, Beverages, Instant Food, and Others divisions. It has a 21.62 P/E ratio. It offers ready-to-drink teas, bottled water, juice drinks, carbonated drinks, sandwich crackers, egg rolls, cakes, and vitamin and milk drinks primarily under the Master Kong brand.

More notable recent Tingyi (OTCMKTS:Cayman Islands Holding Corp) news were published by: Seekingalpha.com which released: “Cellceutix: Empty Office, Unviable ‘Science’, Misleading Disclosures, 96% Downside – Seeking Alpha” on August 06, 2015, also Seekingalpha.com with their article: “Lenovo, China Telecom Mull CDR Homecomings – Seeking Alpha” published on March 30, 2018, Seekingalpha.com published: “SoftBank Group Trades At A Considerable Discount To Its Portfolio – Rightfully So? – Seeking Alpha” on December 10, 2018. More interesting news about Tingyi (OTCMKTS:Cayman Islands Holding Corp) were released by: Investorplace.com and their article: “Will Autonomous Cars Make Baidu Stock Self-Driving? – Investorplace.com” published on April 07, 2019 as well as Wallstreetpr.com‘s news article titled: “Lesser compensation for Herbalife Ltd (NYSE:HLF) CEO in 2012 – WallStreetPR” with publication date: April 04, 2013.

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As of Mar 20, 2019 TINGYI CAYMAN ISLANDS HLDGS CP ORDINARY (OTCMKTS:TCYMF …

… for the past year – The Wall Street Transcript” and the last “SoftBank Group Trades At A Considerable Discount To Its Portfolio – Rightfully So?

Change of 5.36% for TINGYI CAYMAN ISLANDS HLDGS CP ORDINARY (OTCMKTS:TCYMF)’s shares shorted was registered. FINRA announced shares shorted of TCYMF’s total 11.40M shares. The down change of 5.36% from 12.04 million shares was reported.

Lastly it traded at $1.41.Since March 20, 2018 it’s 0.00% up thus . Cayman Islands Holding Corp underperformed by 4.37% the S&P500.

Tingyi Holding Corp., an investment holding company, makes and sells instant noodles, beverages, and instant food products in the PeopleÂ’s Republic of China.The firm is valued at $8.18 billion. The firm operates through Instant Noodles, Beverages, Instant Food, and Others divisions.The P/E ratio is 19.05. It offers ready-to-drink teas, bottled water, juice drinks, carbonated drinks, sandwich crackers, egg rolls, cakes, and vitamin and milk drinks primarily under the Master Kong brand.

For more Tingyi (OTCMKTS:Cayman Islands Holding Corp) news posted recently go to: Investorplace.com, Seekingalpha.com, Seekingalpha.com, Twst.com or Seekingalpha.com. The titles are as follows: “JD.Com (JD) – Buy This Bargain Chinese Internet Stock – Investorplace.com” posted on October 26, 2017, “What You Should Know About Tencent – Seeking Alpha” on April 25, 2017, “The Pros And Cons To Investing In The North West Company – Seeking Alpha” with a publish date: November 10, 2017, “H&P – Helmerich & Payne Inc.: Annual report which provides a comprehensive overview of the company for the past year – The Wall Street Transcript” and the last “SoftBank Group Trades At A Considerable Discount To Its Portfolio – Rightfully So? – Seeking Alpha” with publication date: December 10, 2018.

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VeriBlock Launches Mainnet, Achieving Milestone in Decentralized Blockchain Security

VeriBlock’s technology delivers Bitcoin-level security to both new and established blockchain and cryptocurrency projects that may otherwise be …

GEORGE TOWN, Cayman Islands, March 20, 2019 /PRNewswire/ — Today, VeriBlock Inc., through its subsidiary Xenios SEZC, announced the upcoming mainnet launch of the VeriBlock blockchain. On March 4, 2019, VeriBlock’s year-long testnet phase ended, and on March 25, 2019, VeriBlock’s mainnet will officially go live.

VeriBlock Helps Secure Blockchain Networks Against 51% Attacks So They Can Thrive

During the last year, 51% attacks — attempts to rewrite a blockchain’s transaction history — progressed from theory into reality. These attacks have accounted for more than $20,000,000 in coin theft from exchanges, including holdings in Bitcoin Gold, ZenCash, Ravencoin, FLO, and most recently Ethereum Classic.

VeriBlock’s technology delivers Bitcoin-level security to both new and established blockchain and cryptocurrency projects that may otherwise be vulnerable. This enables development teams to focus on innovative features and functionality, rather than worrying about attacks.

The marketplace has validated this approach, with over 6,000,000 security transactions on Bitcoin to date.

In addition to allowing blockchain networks to inherit Bitcoin’s decade-plus of accumulated security, VeriBlock-secured blockchains continually provide Early Attack Detection (EAD) security statistics. EAD enables exchanges, wallet providers, and merchants to determine the security of particular transactions and networks. Once a transaction reaches Bitcoin-finality — the moment the snapshot of a network is written to a Bitcoin block — the exchange or merchant can accept the transaction with the assurance that it is just as secure as a Bitcoin transaction.

Industry Leaders Announce Alignment with VeriBlock’s Mission

On his company’s blog, Bloq Co-founder and Chairman Matthew Roszakwrote: “Bloq is proud to have been part of the journey with VeriBlock over the past two years — and especially with a technology that helps any blockchain project thrive and benefit from the security that Bitcoin provides. As the multi-chain, multi-network, multi-token world emerges, we are confident that VeriBlock will continue to play a vital role as a security root for this new frontier.”

“At Bittrex, we’ve always operated with the highest possible security standards to protect our users and our long-term relationship with VeriBlock has been a part of that commitment,” said Bill Shihara, Co-Founder and CEO of Bittrex. “Blockchains that adopt VeriBlock’s technology will be able to improve their users’ trading experiences on Bittrex, thanks to the faster confirmation times and rollback protection. We need to continue to create innovative solutions like VeriBlock to move the blockchain industry forward and increase adoption.”

“We’ve worked with the VeriBlock team since 2017 because we believe in the potential of VeriBlock’s technology to help the entire blockchain ecosystem grow by delivering Bitcoin-level security to any other chain,” said Anthony Di Iorio, Founder and CEO of Decentral. “I believe VeriBlock will be a good addition to the growing range of products and services we offer our Jaxx Liberty customers.”

About VeriBlock, Inc. and Xenios SEZC

VeriBlock, Inc. is a Delaware Corporation specializing in blockchain software development and is the creator of the VeriBlock blockchain project. VeriBlock allows any blockchain in the world to secure itself with Bitcoin in an entirely Decentralized, Trustless, Transparent, and Permissionless (DTTP) manner. Its subsidiary, Xenios SEZC, is a Cayman Islands Special Economic Zone Corporation specializing in software management and intellectual property licensing, with a focus on building cutting-edge technologies in regulatory environments that cultivate innovation. Xenios SEZC is the official sponsor of the VeriBlock blockchain project.

SOURCE Xenios SEZC

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True Incube joins Korea Venture, LINE Games to set up PE fund

True Corporation has been one of the main investors in Silicon Valley-based venture capital fund 500 Startups since 2013. As a startup incubator and …
March 19, 2019

True Incube, a tech incubator and the wholly-owned subsidiary of Thai-listed telecom firm True Corporation, has teamed up with the government-backed fund of funds management firm Korea Venture Investment Corporation (KVIC), LINE Games Corp and a newly-formed JV firm True-Kona to set up a private equity fund in Cayman Islands.

According to True’s disclosure to the Stock Exchange of Thailand on Monday evening, the fund, named LINE GAMES-TRUE-KONA Global Limited Partnership, will have an initial registered capital of $22.72 million. However, the filing did not disclose the fund size.

KVIC is the major shareholder with a 40-per cent stake, followed by LINE Games Corp at 32 per cent while True Incube and True-Kona will hold 26 per cent and 2 per cent, respectively.

The fund will seek opportunities to invest in high potential companies, focusing on games and technology.

“True Incube would be entitled to the right to publish games in Southeast Asia which would be leveraged among True Group’s multiple platforms, increase revenue growth potential and generate future capital gain,” said True’s co-group CFO Yupa Leewongcharoen.

True Corporation has been one of the main investors in Silicon Valley-based venture capital fund 500 Startups since 2013. As a startup incubator and venture capital firm, True Incube has focused on partnering with global venture capital firms and companies including 500 Startups, Japan’s Itochu and China’s Ant Financial to build and strengthen the Thai startup ecosystem.

KVIC was launched in 2005 as a Korean government agency tasked to promote the development of Korean venture capital and private equity fund industry. It currently has assets under management worth $1.2 billion. Its primary focus is technology-oriented venture firms in several sectors such as ICT, green energy and life sciences.

True-Kona is a 50:50 joint venture firm between True Incube and Kona Venture Partners as a fund manager of the newly-set up fund in Cayman Islands.

Also read:

True, Axion Ventures form JV to lead gaming industry in SE Asia

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