Bitcoin Association Announces Bitcoin SV Technical Standards Committee
ZUG, Switzerland, June 25, 2020 /PRNewswire/ — Bitcoin Association, the Switzerland-based global industry organization that works to advance business with Bitcoin SV, today announces the establishment and eleven initial members of its Bitcoin SV Technical Standards Committee. The Committee represents a major step by the Bitcoin SV ecosystem to professionalise the development of Bitcoin in order to support major enterprise use and facilitate global adoption.
The Technical Standards Committee will be chaired by Steve Shadders, Chief Technology Officer of nChain – the globally leading blockchain research, development & advisory firm. One of the world’s foremost Bitcoin experts, Shadders serves as Technical Director of the Bitcoin SV Node team, overseeing work on the Bitcoin SV Node software and infrastructure.
The other ten Committee members represent four continents, seven countries and diverse sectors of the Bitcoin SV ecosystem – including wallets, mining, applications, token solutions, venture investment and banking.
Name
Title & Company
Country
Steve Shadders (Chair)
Chief Technology Officer, nChain
United Kingdom
James Belding
Co-Founder & CEO, Tokenized
Australia
Angus Brown
Co-Founder & CEO, Centbee
South Africa
Ryan X. Charles
Founder & CEO, Money Button
USA
Alex Fauvel
General Partner, Two Hop Ventures
Netherlands
Masumi Hamahira
Executive Advisor for Islamic Banking Window – MUFG Bank (Malaysia)
Malaysia
Justin Laue
Chief Engineer & Co-founder, BitBoss
USA
James McCloud
Chief Technology Officer, The Hopper
United Kingdom
Andrew Mee
Solutions Strategist, nChain
United Kingdom
Kalev Trusaalu
Chief Operations Officer, Domineum
Estonia
Lin Zheming
Founder & CEO, Mempool and DotWallet
China
The mission statement of the Technical Standards Committee is:
Bitcoin Association Founding President Jimmy Nguyen commented:
“Our Association is professionalising the Bitcoin industry, and that includes leading development of standards. Technology history has repeatedly demonstrated the value of seeking consensus on technical standards to fuel industry growth through compatibility and interoperability between different businesses. The Technical Standards Committee was formed now to ensure that Bitcoin SV grows to support a world where all business and online activity can be on-chain, like how the Internet grew with standards set to support a world where everything can be online.”
The Bitcoin SV ecosystem has rapidly grown to over 400 known Bitcoin SV projects and ventures around the world, with new additions each month. Developers and businesses are discovering the value of a massively-scaled Bitcoin blockchain, capable of huge transaction volumes, micropayments, greater data capacity, and many advanced applications.
Seeing this rapid expansion, in September 2019, Bitcoin Association published a global call for interest to serve on a Technical Standards Committee. From numerous applications, top candidates were invited to a five-day formation workshop in London, United Kingdom in January 2020. The workshop assessed final Committee selections, and evaluated the governance processes and resource requirements.
Steve Shadders, Chair of the Technical Standards Committee, said:
“I am honoured to lead the Technical Standards Committee and work with my fellow committee members towards global adoption of Bitcoin SV. Using organisations like the Institute of Electrical and Electronic Engineers (IEEE) as a model, our Committee will focus on governance of the standards process and provide an out-of-the-box toolset for use by specific technical workgroups. Substantial work for recommending standards will be carried out by designated workgroups for each of the different technical areas, meaning that there will be many opportunities for participation from the wider Bitcoin SV ecosystem.”
Call for Participation in First Workgroup: Merkle Inclusion Proofs
In order to test and improve its process, the Technical Standard Committee’s first workgroup has been formed to produce a standard data format for Merkle inclusion proofs. Merkle proofs are vital to all uses of Simplified Payment Verification (SPV) described in the original Bitcoin whitepaper, and form the foundation of most user interactions with the Bitcoin network. The Committee is calling for expressions of interest to join the internal review panel for this standard during the drafting process. A public review process will follow this. To express interest in joining this pilot workgroup as an early stage reviewer, please email [email protected] outlining your subject matter expertise in this area and how you are a stakeholder in the subject matter. Applications will close 3 July 2020.
More detail on the proposal for this standards workgroup is available here.
Bitcoin Association Leadership
As Bitcoin Association continues to expand its activities, including initiatives such as the Technical Standards Committee, Jimmy Nguyen and Steve Shadders will focus on their Association roles, respectively, as Founding President and as Chair of the Bitcoin SV Technical Standards Committee.
The organization’s Executive Committee is comprised of Calvin Ayre, Founder of Ayre Group and CoinGeek; Stefan Matthews, Chairman of TAAL; and Jodok Wicki, partner at CMS von Erlach Poncet Ltd and legal counsel to the Association.
About Bitcoin Association
Bitcoin Association is the Switzerland-based global industry organization which advances the Bitcoin SV digital currency and blockchain. Trading as BSV, Bitcoin SV (Satoshi Vision) is the original Bitcoin protocol created by Dr. Craig S. Wright. The Association brings together enterprises, start-up ventures, developers, merchants, exchanges, service providers, blockchain transaction processors (miners), and others in the Bitcoin SV ecosystem to support the growth of Bitcoin commerce. It seeks to build a regulation-friendly ecosystem that fosters lawful conduct while encouraging technology innovation.
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SOURCE Bitcoin Association
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3iQ’s Bitcoin Fund Completes US$10 Million Offering
NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES.
TORONTO, June 26, 2020 (GLOBE NEWSWIRE) — 3iQ Corp. (“3iQ”) is pleased to announce that The Bitcoin Fund (the “Fund”) has completed its previously announced offering of Class A Units and Class F Units at a price of US$11.71 per Class A Unit and US$11.47 per Class F Unit for total gross proceeds of approximately US$10 million. The Class F Units were reclassified as Class A Units on a one-for-one basis on the date hereof. The Class A Units are listed and posted for trading on the Toronto Stock Exchange under the symbol QBTC.U.
The Fund’s investment objectives are to provide holders of units with:
(a) exposure to the digital currency bitcoin and the daily price movements of the U.S. dollar price of bitcoin, and
(b) the opportunity for long-term capital appreciation.
3iQ is the investment fund manager and portfolio manager of The Bitcoin Fund.
The syndicate of agents for the Offering was co-led by Canaccord Genuity Corp. and Echelon Wealth Partners Inc., and includes Leede Jones Gable Inc., Mackie Research Capital Corporation and PI Financial Corp. (collectively, the “Agents”).
Founded in 2012, 3iQ is a Canadian investment fund manager focused on providing investors with exposure to digital assets, disruptive technologies and the blockchain space. For further information, please visit our website at www.3iQ.ca or call us at (416) 639-2130. In addition to the Fund, 3iQ manages a private digital asset fund which is eligible for investment by accredited investors in Canada or in reliance on other exemptions from the prospectus requirement.
Certain statements contained in this news release constitute forward-looking information within the meaning of Canadian securities laws. Forward-looking information may relate to matters disclosed in this news release and to other matters identified in public filings relating to the Fund, to the future outlook of the Fund and anticipated events or results and may include statements regarding the future financial performance of the Fund. In some cases, forward-looking information can be identified by terms such as “may”, “will”, “should”, “expect”, “plan”, “anticipate”, “believe”, “intend”, “estimate”, “predict”, “potential”, “continue” or other similar expressions concerning matters that are not historical facts. Actual results may differ materially from results indicated in forward-looking information for a number of reasons, including the risk factors identified in the Fund’s prospectus. Investors should not place undue reliance on forward-looking statements. These forward-looking statements are made as of the date hereof and we assume no obligation to update or revise them to reflect new events or circumstances, unless otherwise required by law.
This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”) or any state securities laws and may not be offered or sold within the United States or to U.S. persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available. This news release shall not constitute an offer to sell or the solicitation of an offer to buy in the United States or to, or for the account or benefit of, persons in the United States or U.S. Persons nor shall there by any sale of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.
Toronto, Ontario, CANADA
https://3iq.ca/
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Source: www.globenewswire.com
Author: 3iQ Corp.
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