Chinese Firm Buys Controlling Stake of US Crypto Exchange

Seven Stars Cloud Group will be the largest shareholder of the Delaware Board of Trade Holdings
25 December 2017   494

This week Seven Stars Cloud Group, Inc. (SSC), Chinese cloud-based solutions service, published a press release, announcing its 27% purchase of The Delaware Board of Trade Holdings Inc. (“DBOT”), blockchain based Alternative Trading System fully licensed by the SEC, for 1,627,869 shares of SSC common stock.

We are thrilled to further partner and form a deeper business relationship with SSC as DBOT and its various business lines become key engines that power SSC’s Global Trading Platform Network for Initial Exchange Offerings.

 

John Wallace

CEO, DBOT

SSC is owned and run by Bruno Wu who is believed to be one of China’s biggest business and entertainment moguls. The transaction will make SSC the largest shareholder of DBOT.

According to SSC website, the company is aiming to become a global leader in providing next-generation Artificial-Intelligence (AI) and Fintech Powered Solutions. According to the release, SSC will leverage DBOT’s established and regulatory approved ATS for powering SSC’s blockchain based Nextgen X, which focuses on the trading of financial products including ETFs backed by digital assets.

The company also hopes to establish a “plug and play” solution spread over 30 different exchanges in Japan, UAE, Singapore, Africa, Korea, China, Germany, and the United States.

UCLA Blockchain Crypto Conference to be Held in LA

The UCLA Conference will be held on February 17-18 of 2018, gathering together the most experienced and exciting thinkers
17 February 2018   173

UCLA's Blockchain Lab and Far from LA are holding the Blockchain Cryptocurrency Conference, gathering together the most experienced and exciting thinkers across SoCal, in order to foster both economic and educational progress. The conference will concern cybersecurity, cryptocurrencies, and blockchain.

The UCLA Conference will be held on February 17-18 of 2018.

Location: The University of California, Humanities Building, 415 Portola Plaza, UCLA 90095, Los Angeles

The headline speakers will include Kathleen Breitman, the co-founder of Tezos; Sandra Ro from UWIN Lab; David Moss from EOS; Jeremy Rubin, the Bitcoin core developer, and many more.

The agenda of the conference is as follows: the future of blockchain keynote, bringing humanity to the blockchain, cybersecurity, autonomous vehicles, blockchain's influence on the development of art and culture, blockchain in the music industry, government adoption of blockchain around the world, and more.