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Bitcoin News Blockchain News Cryptocurrency News Ethereum News

Coinshares See Record Trading Volume At The Start of 2021

Europe’s Largest Digital Asset Manager Crosses $2.9B in AUM as Investors Rush Into Bitcoin Amidst Rally

CoinShares, Europe’s leading digital asset investment firm, is proud to announce that the Company’s XBT Provider line of exchange traded products reached record trading volumes on Monday, January 4, 2021.

With more than $202M in XBT certificates changing hands on the market’s first day of trading in 2021, CoinShares had the highest volume traded in any European listed crypto ETP. XBT Provider is a Swedish-based issuer of exchange traded products listed on Nasdaq Stockholm AB – part of Nasdaq Inc – and is wholly owned by the CoinShares Group.

Bitcoin markets have seen a surge in activity demonstrated by Bitcoin crossing $30,000 on January 2, 2021 and its continued rally, hitting highs of $34,500. Over the past seven years CoinShares has set the standard for trust and transparency provided to investors, putting the Company in a unique position to bridge the gap between institutional investors and digital assets.

“We are seeing an unprecedented volume of interest in Bitcoin from institutional investors,” said Frank Spiteri, CoinShares’ Chief Revenue Officer. “As wealth managers, private banks and European institutions look to add Bitcoin to their portfolios, our ETPs are the logical choice. With over seven years of experience in the marketplace, CoinShares is one of the world’s leading digital asset firms with unparalleled experience and expertise.”

Since listing in 2015, XBT Provider has achieved a number of milestones:

  • December 2017: XBT Provider crossed $1B in AUM for the first time.
  • January 2018: XBT Provider reached $182M in daily turnover, with average daily volume of $85.5M.
  • March 2019: CoinShares’ XBT Provider was named Europe’s most Innovative ETP Provider.
  • November 2020: XBT Provider surpassed $2B in AUM.
  • January 4, 2021: XBT Provider reached $202M in daily turnover and $2.9B in AUM.

Chief Executive Officer at CoinShares, Jean-Marie Mognetti, added, “The narrative shift around Bitcoin over the last six months has been profound. Investors used to consider it a risk to allocate to bitcoin. Now it’s a risk not to allocate to Bitcoin. As more investors look to Bitcoin as a viable investment option, our XBT Provider products continue to offer exposure to Bitcoin via traditional brokerage accounts across Europe, making it easy for investors of all types to gain exposure to Bitcoin without the premium associated with other products in the market or the risk of trading and securing your own assets.”

About XBT Provider

XBT Provider AB, a CoinShares company, is the Swedish-domiciled issuer of the Bitcoin Tracker One (COINXBT:SS), Bitcoin Tracker Euro (COINXBE:SS), Ether Tracker One (COINETH:SS) and Ether Tracker Euro (COINETHE:SS) series of certificates and others which are designed to synthetically track the performance of the price of the relevant underlying crypto-asset, bitcoin or ethereum (in Swedish Kronor or Euro, respectively), less a fee component.

In 2015, Bitcoin Tracker One became the first bitcoin-referenced security available on a regulated exchange when it listed on Nasdaq Stockholm. In 2017, Ether Tracker One became the first ether-referenced security available on a regulated exchange when it listed on Nasdaq Stockholm. The Certificates are available and traded in the same manner as any other share or instrument listed on the Nasdaq Stockholm.

XBT Provider’s Prospectus is approved by the Swedish Financial Supervisory Authority and the Certificates are governed by Swedish law. XBT Provider is not a licensed financial advisor.

About CoinShares

CoinShares is Europe’s largest digital asset investment firm, managing $2.9 billion of assets on behalf of a global client base. Their mission is to expand access to the digital asset ecosystem by pioneering new financial products and services that provide investors with trust and transparency when accessing this new asset class.


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Cryptocurrency News

Megaupload Founder Chooses Bitcoin Cash For Digital Tool Suite

Kim Dotcom, whose website Megaupload was once the 13th most popular site on the Internet and responsible for 4% of all Internet traffic, has launched a new digital too suite it describes as “The Ultimate Content Monetisation System”. The company aims to become the easiest and most secure way to generate revenue with digital content.

The company, K.IM states the ability to turn “digital files into file shops. Users can use our service to package a file that they want to sell into an encrypted container file and then they can place it anywhere on the Internet. Customers who want to access the content inside the encrypted container can make a payment using cryptocurrency like Bitcoin Cash.”

Asked why he was excited about K.IM and Bitcoin Cash in particular, Dotcom said that while Bitcoin (BTC) has been a great tool for asset storage, Bitcoin Cash is “great for payments” for services like K.IM and offers new financial opportunities for consumers, vendors and investors. Kim had the following to say about the crypto market:

“My opinion is that crypto use is on the rise and BCH is in a good position to accumulate market share. For me it’s simple: The more users you have the more value you have.”

“The winners in the crypto race will be decided by vendors and users. Focus on the fundamental question: What do vendors and users want? Low fees, fast transactions, high security and ease of use.”

He went on to say that Bitcoin Cash was currently “undervalued” and that the “upside potential for those who missed the BTC train” is enormous. Bitcoin.com Founder and friend of Dotcom, Roger Ver, said that Dotcom has “always been ahead of the rest of the market and that people should pay attention to his predictions.” He went on further to say:

“When you look at interest in BTC these days, a lot of it comes in trying to chase its historic investment gains. As long as the price keeps going up, there is going to be a lot of interest. But what happens when people want to start actually using it to pay for things? They will discover the limitations of Bitcoin and look for an asset that can be both an investment and a true peer-to-peer payment system like Bitcoin was originally meant to be. That’s what Bitcoin Cash is.”

Speaking further on Bitcoin Cash, Ver said the following:

“It has all the great qualities that helped BTC become a store of value but it’s not artificially rate limited. Entrepreneurs like Kim Dotcom can actually use it to build their business without relying on central parties to provide payment layers. It’s not surprising that he would be so bullish about Bitcoin Cash.”

Ver said that K.IM is one of the most exciting products he’s seen in years and has the potential to get millions of people using cryptocurrencies like Bitcoin Cash which can handle the massive volume Dotcom’s businesses have created in the past.

About K.IM

Providing advanced services and technologies to manage, protect and sell digital content, K.IM will revolutionize the monetization of digital content and create a fair market for content creators and consumers.

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Bitcoin News Blockchain News Cryptocurrency News

Australian Mining Firm Gets Purchased By Wize Pharma, Inc.

Wize Pharma, Inc. (OTCQB: WIZP), a clinical-stage biopharmaceutical company focused on the treatment of ophthalmic disorders, and Cosmos Capital Limited, a leading digital infrastructure provider based in Sydney, Australia, today announced that they have entered into a bid implementation agreement whereby Wize has agreed to make an off-market takeover offer to acquire all of the outstanding shares of Cosmos, subject to satisfaction of various closing conditions set forth in the BIA, resulting in Cosmos becoming a wholly-owned subsidiary of Wize.

“We are excited about the Wize Cosmos transaction,” stated Noam Danenberg, CEO of Wize. “The Cosmos team brings a proven track record, experienced management and logistics capabilities within the Bitcoin mining industry. Consistent with our focus on maximizing value for our shareholders, this transaction provides a continuing interest in our LO2A biomed activity, through the creation of a contingent value right, while providing exposure to Cosmos’ Bitcoin mining operations.”

James Manning, CEO and founder of Cosmos, commented, “Through this transaction we are excited to be providing public markets access to our digital infrastructure business and have enjoyed working with the like-minded Wize team throughout this process. Becoming a part of a publicly traded company is central to our continued growth and will allow us to accelerate our expansion plans moving forward.”

Key Transaction Details

Under the terms of the BIA, Wize will commence an off-market takeover offer under applicable Australian laws to acquire all of the outstanding shares of Cosmos (the “Offer”) in exchange for 38.78 shares of Wize common stock and 22.33 warrants (each to acquire one share of Wize common stock) (the “Milestone Warrants”) for each Cosmos share (subject to a minimum tender of at least 90% of Cosmos’ outstanding ordinary shares). Subject to certain exceptions, the Milestone Warrants will become fully exercizable into Wize common stock provided Cosmos warrant holders retain the Wize stock issued to them until December 31, 2021 (the “31 December Milestone”).

Upon completion of the transaction, and assuming all of the holders of Cosmos shares accept the Offer, Cosmos shareholders will own approximately 81.3% of the outstanding common stock of the combined company (87% if all of the Milestone Warrants become fully vested), while Wize existing shareholders will remain the owners of approximately 16.3% of the outstanding common stock of the combined company (11.1% if all of holders of the Milestone Warrants satisfy the 31 December Milestone and the Milestone Warrants become fully vested), each on a fully diluted basis and including warrants to be issued to Wize’s financial advisor to the transaction.

Following the targeted closing of the transaction in the first quarter of 2021, and based on Wize’s 60 day VWAP of US$0.143 on December 29, 2020 (and assuming that all the Milestone Warrants become fully vested), the combined company is expected to have a market capitalization of approximately US$75.75 million.

Upon completion of the transaction, pre-closing Wize security holders will receive one contingent value right (“CVR”) for each share of Wize held on the record date. Each CVR will entitle the holder to a pro rata share of any consideration that may be received in connection with Wize’s existing LO2A business, subject to transaction expenses and customary deductions as detailed in the CVR agreement.

Following completion of the transaction, it is expected that the combined company will have approximately US$5 million in cash and cash equivalents. Cosmos will retain its experienced management team, with Cosmos’ CEO and founder James Manning assuming the role of CEO of the combined company. The Board of Directors of the combined company will consist of three members designated by Cosmos and one member designated by Wize, and the combined company will seek shareholder approval to be renamed Cosmos Capital, Inc. (or similar name), and to effect a reverse share split of the combined company’s common stock.

Independent Expert Report

The BIA provides that Cosmos will obtain an Independent Expert Report to opine on whether the transaction is fair and reasonable to the shareholders of Cosmos not associated with Wize. The IER will be provided to Cosmos shareholders with the Target Statement to be sent to Cosmos shareholders.

Unanimous Recommendation of the Cosmos Board

The Cosmos Board of Directors have carefully considered the BIA and the terms of the Offer and unanimously recommend that, in either the absence of a superior proposal or the IER concluding that the Offer is neither fair or reasonable, Cosmos shareholders ACCEPT THE OFFER once commenced and have indicated that they will ACCEPT THE OFFER in respect of all Cosmos shares they own or control.

Closing

The closing of the transactions contemplated under the BIA and the PIPE agreements is subject to the satisfaction of certain customary closing conditions, including 90% minimum acceptance of the Offer by Cosmos shareholders, and is expected in mid to late first quarter of 2021. The full conditions to the Offer will be set out in the Bidder Statement which Wize expects to dispatch to Cosmos shareholders as soon as practicable.

What exactly is “bitcoin mining” and how does it effect the buyers of the cryptocurrency? Basically, when you buy a large amount of bitcoins, you are purchasing large chunks of virtual currency that is completely virtual (you don’t have to actually touch it to feel its value) and is stored within the computer of the buyer called a “miner”. The miner “mines” the currency and that process is what makes the coins valuable. Usually, the more work that is done to secure the coins, the more valuable they become.

But how does the value of a unit of currency get created? This is simple – it’s all about supply and demand. When there are more buyers than sellers, the price of that unit of currency rises and vice versa. So, with that being said, if there aren’t enough people mining for bitcoins, you can expect the price to rise because there will be less people willing to pay for them, which in turn will drive up the price of each unit. It is this process that people call “bitcoin mining” – this is where some people use specialized ASIC computers to attempt to “mine” the currency by solving mathematical problems.

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Blockchain News Cryptocurrency News

P2PB2B Adds AVEX Token to Their Cryptocurrency Exchange

AEVOLVE has announces that P2PB2B, one of the world’s fastest growing cryptocurrency exchanges, has listed AEVOLVE’s AVEX medical blockchain token. The AVEX token, which helps individuals take an active role in advancing medical innovations around the world, has delivered a huge punch jumping 150% since its initial listing on the LATOKEN cryptocurrency exchange. 

P2Pb2b
P2Pb2b

“P2PB2B is delighted to support AEVOLVE and its AVEX token on our exchange. We hope that our cooperation with AEVOLVE would be fruitful and that AVEX listing on our exchange would help propel AVEX to where it belongs,” said the representative of P2PB2B.io exchange.

“AEVOOLVE works globally within a vast network of medical professionals, patients, and investors who help drive innovation that is essential to the creation of new medical solutions,” said Mark Chester, COO of AEVOLVE.  “The AVEX token allows members of the crypto community greater exposure into the biotech and pharmaceutical industries and helps medical innovations quickly reach market availability.”

The AVEX Token gives the crypto-community exposure into the multi-billion dollar pharmaceutical and biotech industry as the medium of exchange on a multi-faceted platform, bringing patients, re-search organizations and medical professionals together with the entertainment industry.

Patients and their families will be able to learn of new life-enhancing medical innovations and obtain an exclusive reservation as one of the first people to access these treatments and cures, the moment they become available. One exciting feature about these reservations is that they are digital blockchain assets that can be sold and transferred on a marketplace, providing liquidity at the click of a button.

AEVOLVE has also jumped into the ring with EntroBox to raise awareness through major fundraising events, including an upcoming Mega Boxing event in 2021 staring boxing legends and rising stars. These events will be supported by the world’s leading social influencers and will be the first crypto-enabled pay-per-view platform using the AVEX Token.  These events will spotlight the medical innovation needs in the marketplace while simultaneously boosting the access and trading of the AVEX token on participating cryptocurrency exchanges.

This heavily weighted social influencer event will open with various performances and major entertainment from mega influencers, including an impressionably rousing rendition of our national an-them, prior to the main boxing event. ENTROBOX is co-founded by its CEO, Ronald (“The American Dream”) Johnson, the current GBO Heavy Weight Champion. Johnson said, “Our partnership with AEVOLVE brings a new era into mega entertainment events where everyone can be a part of impacting lives with cutting-edge medical breakthroughs, while having an experience of a lifetime. By letting the world access our events with crypto, this will open parts of the world who do not use credit cards to watch and enjoy their favorite boxers, stars and influencers in real time!”

According to AEVOLVE founder, Rogelio Santos, “Our mission is to deliver the world’s most powerful and impactful medical treatments and solutions over the next decade. We will do this by removing the financial obstacles that have hindered important medical technologies from getting to the people that truly need them and by empowering the scientists and medical innovators behind these solutions with an unprecedented voice to rival the marketing machine of the pharma giants.”

How the Conceptualization of Cryptocurrency Can Benefit the Healthcare Industry

A Cryptocurrency Obligation is an article exploring the relationship between Cryptocurrency and Medical Records. The article was co-authored by Edward Czarnet, Associate Professor of Law at the University of Colorado School of Medicine, and Juan Parra, a Senior Director of Ensenada Software, a leader in the development of enterprise systems that leverage the power of distributed computing. The paper was accepted for publication in the Journal of Current Medical Science. This article is presented as a preliminary research abstract. The full journal publication will be accepted for publication in the Journal of Medical Internet Research.