The World’s First Blockchain Platform for Tokenized Self-Regulating Traditional Financial Assets

jibrel network logoJibrel Network focuses on bridging the gap between the crypto-economy and traditional financial infrastructure, enabling investors and users to store, send, receive and exchange assets for almost zero fees

Jibrel Network, one of the earliest Blockchain-technology startups, has just launched their token sale that will remain open to investors until 26 January 2018. The first decentralized platform to tokenize traditional financial assets such as currencies, bonds, equities and commodities on the Ethereum blockchain, Jibrel Network leverages the cost efficiencies associated with the digital assets’ storage and transaction. Launched earlier this year, they have already secured funding worth over USD 4.0 million from numerous international investors including TaaS Fund, Tech Squared, Aurora Partners, and Arabian Chain during the public token presale in September 2017.

Jibrel Network was founded to address crypto-economy’s need for regulated, safe and insured assets on the blockchain. With this goal, Jibrel Network built a team of experts specializing on the game changing concept of asset-backed tokens and smart regulations. The entire framework of Jibrel Network revolves around asset-backed tokens known as Crypto Depository Receipts (CryDRs). Utilizing these smart tokens, users will be able to carry out remittances, global payments, trading, and crypto-hedging. In order to ensure KYC and AML compliance of all token transfers on the Jibrel Network, CryDRs have also been regulation-embedded.

Highlighting the importance of the token sale, Hamzeh Kolaghassi, Operations Lead said: “ The adherence to financial regulations is the main key driver for sustained scalability, and Jibrel Network is taking all the necessary steps to ensure that our compliance is to the highest of global financial standards. We aim to partner with existing financial institutions, and more importantly, financial regulators and we are confident that this technology will become an integral part of business environments across the globe in the near future.”

Within its short lifespan, Jibrel Network has taken the role of a key innovator in their domain by creating a financial infrastructure that is expected to play a critical role in helping the industry advance. The company’s maiden product jWallet was launched earlier this month. This enterprise-grade crypto wallet solution is not only extremely reliable and user-friendly, but it also focuses heavily on maximizing user security.

The impressive show by Jibrel Network following its inception has brought together several distinguished figures from the financial and blockchain industries to support the development of the company as advisors. Particularly notable amongst them is Don Tapscott, a global leader in Blockchain and the author of Blockchain Revolution. He was named the world’s most influential leader in digital thinking, and the second-most influential living management thinker by Thinkers50. Other key advisors include Abbas EddyZuaiter (Ex-COO of Soros Fund), Ruslan Gavrilyuk (Founder of TaaS), Dr. Moe Levin (CEO of Keynote), Saul Hudson (Ex-GM of Thomson Reuters), and Mohammed Al Sehli (Founder of Arabian Chain).

Mentioned below are some of the key points related to the Jibrel Network token sale.

  • Accepted currencies are ETH and BTC
  • Accepted Fiat Currencies such as CHF, EUR, USD, GBP, DKK and SGD are also available on Bitcoin Suisse
  • Jibrel Network Token (JNT) to be offered at USD 0.25
  • The minimum and maximum investment limits are USD 50 and USD 850,000 respectively
  • The hardcap for sale is USD 30,000,000
  • Token sale supply 120,000,000 JNT

To participate in this token sale, please visit the dedicated token sale websites below:

https://sale.jibrel.network

https://www.bitcoinsuisse.ch/jibrel/

-ENDS-

About Jibrel Network

The Jibrel Network provides traditional financial assets such as currencies, commodities, money-market instruments and futures as standard ERC-20 tokens on the Ethereum blockchain. The Jibrel Network is a Jibrel AG initiative. Jibrel AG is registered in Zug, Switzerland, Qubist Labs Inc is a software development company based out of New York, US.

For more information, please contact:

Hamzeh Kolaghassi
Operations Lead at Jibrel Network
Email: hamzeh@jibrel.network

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Block Asset Management launches world’s first crypto fund of funds

Block Asset Management has launched what is recognised as the world’s first cryptocurrency and blockchain ‘fund of funds’.

Led by Manuel E De Luque Muntaner and Kevin Ballard, the firm was founded earlier this year. The team of financial experts contribute over 100 years of experience in a variety of banking, asset, fund and compliance industries.

The fund offers investors hassle free investment across a highly sought after portfolio of cryptocurrencies and blockchain projects which are strategically chosen and have a combined AUM exceeding $500m.

“After a year of global market research, we realised that interest in the blockchain/crypto space is extremely high”, said founder and COO, Kevin Ballard.

“We knew that many funds exist in the crypto space, but most would clearly not pass any comprehensive, serious due diligence. However, relying on Block Asset Management’s team, we successfully completed months of extensive analysis of dozens of funds and eventually approved the best funds for inclusion in our fund”, said De Luque Muntaner, Block Asset Management’s CEO.

Investor demand in combination with early stage adoption of blockchain technology is what Block Asset Managment believe will dramatically increase its portfolios value.

The Fund’s management company, Block Asset Management S.à.r.l., is domiciled in Luxembourg and registered with the Commission de Surveillance du Secteur Financier (CSSF).

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XBT Provider announces agreement with Bitcoin firm Xapo

XBT Provider AB has announced a custodial partnership with Xapo, a firm well know across the cryptocurrency industry revolutionising the possibility of spending cryptocurrency via traditional debit cards.

Bitcoin held in cold storage on behalf of investors in XBT Provider’s ETN will now be secured by Xapo.

XBT Provider has surpassed $100 million in assets under management.

“The team of professionals at XBT Provider has deep expertise in digital currency and extensive experience in financial services. We are excited to partner with them as they make bitcoin broadly available to investors outside of the U.S.,” said Wences Casares, CEO of Xapo.

XBT Provider recently announced their fund on the UK’s largest stock exchange Hargreaves Lansdown, giving investors the ability to purchase Bitcoin as an ETN.

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Britain’s welfare Blockchain sparks privacy concerns

A trial to pay Britain’s welfare claimants using blockchain technology has come under fire by the Open Data Institute.

The Department for Work and Pensions also know as DWP initiated initiated trials with GovCoin Systems earlier in June to pay benefits directly to claimants using a Blockchain system, the same technology behind the decentralised currency Bitcoin.

The Open Data Institute founded by Sir Tim Berners-Lee and Sir Nigel Shadbolt said the system was ‘very concerning’.

The Blockchain provides both complete transparency and security of transactions but also opens up the ‘Big Brother’ discussion as it would allow the DWP to monitor every penny spent by claimants.

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Seller says he’ll only accept Bitcoins for his $3M (15K BTC) luxury villa

– Luxury villa for sale for 15,000 Bitcoins

– ‘There are hundreds of Bitcoin millionaires out there, and it’s burning a hole in their pocket’

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Font view of the $3 Million luxury villa

Fancy views of the beautiful Mediterranean coastline with the prime minister as your next door neighbour? Then maybe it’s time to move to Caesarea for a slice of your very own paradise.

The property owner is offering his luxury villa for sale at nearly $3 million, but wants the buyer to pay in Bitcoin.

The villa is located on the Mediterranean coast, in a quiet cul-de-sac in the exclusive Caesarea area, and boasts seven large bedrooms, five bathrooms and a safe room, not to forget the outdoor heated pool shaded by tropical palm trees.

The luxury property was listed on BitPremier last week, a high-end website for ‘astute buyers in the Bitcoin community’, where shoppers can find everything from super yachts to vintage cars and private islands, all purchasable with the cryptocurrency.

Potential buyers will be surrounded by the wealthy elite, including Israeli Prime Minister Benjamin Netanyahu and Valery Kogan, who has a cool net worth of nearly $2 billion and is a close friend of Vladimir Putin.

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Neighbour Benjamin Netanyahu

 

Appearing on Israeli prime time television,the property’s owner, Eli, said,

‘I want to make history by selling my property for Bitcoin. Whether the price goes up or down, I’m prepared to take the risk.

‘There are hundreds of Bitcoin early adopters who became multimillionaires literally overnight, and it’s burning a hole in their pocket.

‘The location is not the normal place for a holiday home for anyone from outside Israel, but the Caesarea coastline is a hidden gem.’


Bitcoin is bought and sold on a peer-to-peer network independent of any central control. The currency’s cryptographic features make it attractive to the tech savvy, and enable anyone to shop online without fear of censors or government regulation.

The cryptocurrency was trading at £218 on the exchange yesterday, and recently, companies like Dell, Virgin Galactic, Expedia and PayPal have offered customers the choice to pay with the digital currency.

Pool view from the luxury villa
Pool view from the luxury villa

The property is for sale here: https://www.bitpremier.com/5-real-estate/178-beautiful-7br-luxury-villa-caesarea-israel

 

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ZipZap grinds to a halt in the UK

ZipZap inc – one of the most promising startups within the digital currency sector has allegedly terminated operations in the UK.

Until recently the “Cash 4 Bitcoin” service allowed customers to purchase Bitcoins in exchange for cold hard cash at thousands of locations around the country but apparently due to ongoing problems with PayPoint (the company that manages the payment processing infrastructure behind ZipZap) cash deposits have been terminated until legal clarity around digital currencies is released by the UK government and Financial Conduct Authority.

ZipZap enabled customers to simply pop into one of 28,000 PayPoint participating shops across the United Kingdom and exchange cash for Bitcoins with minimal effort.

The launch of ZipZap was exciting news for the Bitcoin community for a number of reasons. It removed the risk of transferring funds to unlicensed exchanges in Europe, opened up the cryptocurrency up to a wider UK audience for easier adoption and made the process of buying Bitcoins as easy as topping up your phone with a voucher!

At the time of writing no public announcement has been issued by ZipZap, leaving the possibility of this exciting service uncertain.

An undisclosed source with close ties to the Bitcoin community recently stated:

Due to the ease of purchasing Bitcoins with cash, money laundering issues have arisen and are the culprit behind the services abrupt closure.

With no legislation in place, it is a shame that genuine UK businesses are being deprived of the opportunity to innovate and create better services for the British people.

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