Mike Novogratz Now Owns Almost 80% Shares Of Galaxy Digital

It has been recently reported that that ex-Goldman Sachs partner Mike Novogratz has increased his shares of Galaxy Digital.

According to reports he now owns 221.2 million ordinary shares of the crypto-focused merchant bank that he founded.

This represents about 79.3% of ordinary shares. He bought his additional 7.5 million shares at a cost of $.4.8 million USD.

Galaxy Digital Holdings Ltd. is listed on Canada’s TSX venture exchange since last August of 2018 which started off to a rocky start.

Due to a prevalent bearish market sentiments shares in the bank has fallen by as much as 19 percent over 2018.

News of the increase of the founder’s stake has made a positive impact on its price as it increase by as much as 7.8%.

Novogratz remains bullish on bitcoin despite the year long market downturn.

He believes that bitcoin will soon find its bottom and will soon recover.

Reports has indicated that Galaxy Digital’s realized and unrealized losses has amounted to $136 million.

Unicef France Accepting Dai Donations

Reports are circulating in the net that Unicef France has started accepting donations made out of Dai, the MakerDAO’s Ethereum-compliant, dollar-pegged stablecoin.

It has been reported that these donations will be used to fund open source explorations of blockchain for social impact.

It will be used to create global bounties that will help fund blockchain projects from across the world.

Unicef Ventures, a financial organization that invests in emerging blockchain projects held hackathons in Mexico and Kazakhstan.

The aim of the initiative is to give interested youth the opportunity to learn and explore blockchain technologies as well as develop solutions to address specific challenges in their own location.

The Dai Donations will help initiatives of Unicef Venture to financially maintain projects, research and the people who are involved in the projects.

The donations will be used to support global bounties that will fund research for open-source technology and infrastructure project many of which will come from the above mentioned event.

Thailand Exploring Blockchain Powered Voting

The National Electronics and Computer Technology Center (NECTEC) of Thailand is reported to have developed a blockchain-powered voting platform.

The said government agency is a statutory government organization the operates under the supervision of the National Science and Technology Development Agency and the Ministry of Science and Technology.

It promotes the development of computing, IT, electronics and telecommunications.

Proponents of the voting platform say that it can be deployed in tandem with traditional voting systems.

According to NECTEC the e-voting system can be used in national, provincial and community elections even in business votes such as board of directors.

Its main aim is to reduce fraud and maintain data integrity. For the system to work properly it requires a controller, voters and candidates.

The controller will verify the identity of the voter and the qualifications of the candidate. Votes can be submitted via email and verified with via a mobile camera.

Although blockchain-based e-voting has its merits and potential it may still take some time before it will be able to prove itself as a faster, cheaper and more secure.

Thailand is not the only country that is experimenting on the use of blockchain technology for election processes.

The state of West Virginia has recently concluded a successful trial of mobile blockchain voting for West Virginians in the armed services stationed overseas.

10th Year Anniversary of Genesis Block Of Bitcoin

January 3, 2019 marked the 10th year after the creation of the very first block on the Bitcoin (BTC) blockchain.

This is known as the genesis block in technical parlance and is the block which do not contain reference to any previous blocks and is always hard-coded into the network’s software.

This also establishes all the necessary variables required for subsequent chains.

Although it is widely considered that October 31, 2008 which coincides with the publication of bitcoin whitepaper as the year of its founding, January 3, 2009 is said to be the first practical implementation of the world’s first cryptocurrency.

The very first block was mined on the aforementioned date at around 1:15:05 P.M. EST with a reward of 50 BTC.

In today’s current trading rates it is worth around $191,350 USD.

Bitcoin’s inventor/s, Satoshi Nakamoto embedded the hexadecimal code of the genesis block’s Coinbase with an encrypted Time Headline from January 3, 2009 referencing the bailout of the United Kingdom’s banks.

This underscores the purpose of the bitcoin invention as an alternative to the traditional financial structures of our time.

A disintermediated, none-state-controlled digital exchange and store value.

Startup Puts Tesla, Apple and Facebook Shares In Blockchain

DX.Exchange is reportedly listing a number of popular American equities onto a blockchain in the coming week.

The exchange is headquartered in Estonia and Israel.

This will enable investors to trade and transact shares of Apple, Facebook, Tesla along with other 7 house names listed in Nasdaq.

If everything goes according to plan DX.Exchange plans to add companies listed in New York Stock Exchange as well as those listed in Nikkei and Hong JongHuang seng.

Each of the digital security token will be collateralize by one common share and the owner of the token will be entitled of cash dividends which means it is as good as buying stocks through TD Ameritrade.

MPS Marketplace Securities will be taking custody of the shares as partner of DX.

This will allow the creation of Ethereum tokens that represents the securities.

Benefit of the tokenization of stocks of the said assets will enable traders to transact their holdings when markets are closed.

This could catalyzed the creation of secondary markets which can catapult crypto adoption.

The tokens can be divided up, trading fees can be minimized and lower the bar of entry.

This will also mean that foreigners can no gain access to U.S. shares which is one of the primary reasons why cryptocurrencies exist - financial inclusion.

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