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   704

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.

PascalCoin to activate V3 Hard fork

PascalCoin V3 Hard fork will be activated on block 210,000 on May 31 and feature anonymity via transaction mixing and inflation reduction
26 May 2018   39

PascalCoin is preparing for V3 Hard fork scheduled for May 31. It will introduce key improvements as such:

  • anonymity transaction mixing;
  • 50% inflation reduction;
  • Lazarus/FPC gets 10% of funding

To get more into the details:

PascalCoin transactions occur between publicly visible accounts and the crucial aspect needs to be implemented - fungibility. The improvement will allow users to perform 'client-server mixing', 'network-protocol mixing', 'chaining multi-transactions', 'decentralized exchanging' and 'monetized-API mixing'.

As for Lazarus/FPC (a base tooling from which PascalCoin is founded on), a total of 10% of the Developer Rewards is recommended to be allocated for the FOSS project funding. In a long run, a large developer mind-share is expected to reduce costs significantly.

To learn more about the details of the fork, you can visit Improvement Proposal page here. And regarding the market characteristics of PascalCoin, at the moment of publication they are as follows:

Average price 0.765895 USD
Market cap 15,978,408 USD
Volume (24H) 89,861 USD