First Blockchain Startup Accelerator launched in Europe

Chain Accelerator has combined many industry veterans in order to cater its clients: a startup is aimed towards the nascent yet booming sector
18 June 2018   664

The startup is based in Paris and has joined 30 veterans from tech and financial spheres, that envolves names like Hyperloop Transportation Technologies’ chairman Bibop G.Gresta, SWIFT’s former CEO Leonard Schrank, Ledger’s president Pascal Gauthier, etc., in order to enforce the growth of the new blockchain companies.

At a time when the President and the Government want to make Paris, the capital of the ICOs, Chain Accelerator is positioning itself as a key player. By setting up a global and operational network in Paris, it brings together the best talent, extends the circle of contributors, and prepares for disruptions to help blockchain projects develop protocols in all sectors.
Nicolas Cantu
Co-Founder, Chain Accelerator

Applying its co-working with industry veterans, Chain Accelerator is to propose a wide range of services to its customers including technical prototyping, business development, recruitment, marketing and public relations, funding guidance, ICO support, and “token economy” consultatory.

This year ealier, French regulatory agency passed its intention to engage the blockchain companies in the country by creating a regulatory framework for ICOs. It was resulted by a large tax cut by the government for cryptocurrencies which diminished the taxes from 45 percent to 19 percent.

In France, as everywhere in the world, blockchain projects face many uncertainties and complexities, whether financial, legal, or technical. Yet, this technology will revolutionize our daily lives. As such, it is essential today to have both a legislative framework enabling its full development and structures enabling the emergence of such projects. Our country must become a leader in the blockchain. I am convinced that Chain Accelerator - the first blockchain incubator - will contribute greatly to this.
Pierre Person,
Member, National Assembly, Paris

Chain Accelerator has already begun to set an impact in the blockchain startup market, and during 6 months of its incubation period, it is already supporting 13 startups.

Bitfinex to List BCH' Chain Split Tokens

Bitfinex warned that support for BAB and BSV could be temporary
14 November 2018   56

The Hong Kong cryptocurrency exchange Bitfinex has listed the so-called Chain Split tokens for the two implementations of the Bitcoin Cash protocol. Bitcoin Cash hardfork is planned on 15th of November.

BAB [Bitcoin ABC client] and BSV [Bitcoin SV client] tokens will be traded in pairs with Bitcoin and the US dollar. The Token Manager tool will allow users to convert their Bitcoin Cash into one of the tokens. This process is reversible, Bitfinex emphasized. At the same time, marginal trade in tokens will be unavailable.

After snapshot of the network, the corresponding coins will be automatically converted into BAB and BSV onchain tokens, and all current Bitcoin Cash holders will receive an equivalent number of coins. However, if the user has a short BCH position at the time of the snapshot, the margin will be canceled, and the borrower, if he does not have enough tokens, will have to cover the negative balance sheets until December 31.

Bitfinex also warned that support for BAB and BSV could be temporary, and that as soon as all negative balances were covered, the exchange could delist them, allowing limited time for withdrawal.