Ten crypto leaders are in the new Forbes 30 Under 30 list
Ten of the youthful business leaders featured in this year’s Forbes’ 30 Under 30 list work in blockchain and cryptocurrency, highlighting increasing acceptance of the industry from the mainstream media.
Despite its name, the list actually highlights 600 young people across various categories — with the crypto alumni including seven individuals in the finance category, one in venture capital, one in energy, and one in manufacturing.
The finance category features the founder of the $1.2 billion crypto derivatives exchange FTX, and quantitative trading firm Alameda Research, Sam Bankman-Fried. Since launching last year, FTX has made waves by offering innovative products including prediction markets for elections, Bitcoin’s hash-rate and for futures contracts for oil, driving $30 million in profits for the exchange this year.
Brain Tubergen, co-founder of U.S.-based initial token offering and exchange platform CoinList, also makes the grade. Since launching in 2017, CoinList has facilitated more than $800 million in fundraising for many crypto projects backed by the heavyweights of the sector, including a16z, Sequoia Capital, and Bain Capital Ventures.
Almost one-third of the crypto leaders featured are women, which signals a shrinking, though still significant gender gap in an industry notorious for low female participation. Forbes celebrates Bitcoin’s first female core protocol engineer Amiti Uttarwar, alongside and founder of crypto lending platform BlockFi, Flori Marquez, and the founding partner of Volt Capital, Soona Amhaz — who features in the venture capital category.
Including Amhaz, three of the list’s crypto alumni represent venture capital firms, the 21-year-old Paradigm Capital investment partner, Charlie Noyes, and Pantera Capital co-CIO/Augur co-founder Joseph Krug.
Layer1 Technologies co-founder Alexander Liegl is the list’s sole representative of the crypto mining sector, with Liegl’s company having outlined an ambitious plan to bring 30% of global hashing power to the United States over the longer term. Liegl is in the energy category.
The CEO of Bitcoin payments firm Zap, Jack Mallers, also features in the finance category.
For its last entry, Forbes includes all three co-founders of blockchain-powered supply chain data platform Authenticiti — Andrew Yang, Yeong Woo Park, and Athanasios Karachotzitis, under the manufacturing category.
Crypto’s strong showing in the finance category is likely down to the fact the judges have ties to the industry: they include Mike Novogratz, the Galaxy Digital founder and Bitcoin bull along with Cathie Wood, founder of Ark Investment Management which runs a digital assets fund.
Forbes has highlighted the achievements of the young crypto-leaders in the past, with its 2017 30 under 30 Asia list featuring Tron founder, Justin Sun, and its 2018 list including Melonport and Agora Trade’s Reto Trinkler.
The following year saw the number of crypto-entrepreneurs celebrated by Forbes increase, with Bitwise CEO Hunter Horsley, Bail Bloc’s JB Rubinovitz, and Lightning Labs’ Olaoluwa Osuntokun, and Nader Al-Naji of the now-defunct Basis Protocol all included in the list.
Author: by Total Exchange
Bitcoin.com Exchange To List HUB Token as the Next Gen Trust-Based Cryptocurrency
PRESS RELEASE. Bitcoin.com Exchange is thrilled to announce the upcoming listing of HUB on the 1st of December 2020 at 14:00 UTC. HUB was created by the Human Trust Protocol Network, under founding member Eric Ly. HUB will be listed with BTC and USDT trading pairs.
Human Trust Protocol solves endemic trust problems, and provides verifiable and portable trust. The vision of the Human Trust Protocol, and that of its HUB token is to encode identity and reputation on the blockchain, to become the next digital identity protocol interoperable across multiple platforms. The platform focuses on 3 factors: Identity, Reputation and Trust. Each account will reference an identity using decentralized digital identities, having the capability to capture rich and raw reputation data by which applications can enable users to make the best interpretation of trustworthiness. After all, the solution the platform is providing is the ability to evaluate a user’s capability and intent on a new interaction via a Decentralized Trust Network.
HUB has a number of unique properties:
It effectively solves endemic trust problems and usability in any community and marketplace. It’s backed by an astounding and experienced team, with the platform being created by LinkedIn Co-Founder Eric Ly at the helm, as a seasoned veteran in the tech space and a successful entrepreneur the company surely has the potential to become the next big thing.
Outside of just the backing of the team, HUB’s seen major adoption as a blockchain platform, especially with its user base increasing this year by 603% and MAU increased 688% with tens of thousands of users on the HUB platform at joinhub.com.
Danish Chaudhry, CEO of Bitcoin.com Exchange, shared his views on the HUB platform and the next stage in incentivising trustworthy interactions: “The Human Trust Protocol, and the HUB token is a very interesting project, billions of users on the internet interact with each other every day on messengers, online communities, social networks and peer-to-peer marketplaces, making constant contact with people they never met, let alone trust. This token will flourish within our exchange, and I am sure our users will gain a lot of interest in what their team has to offer.”
Eric Ly, Founder and CEO of HUB says that, “we are incredibly excited to partner with Bitcoin.com to begin trading the HUB token. Given the reputation of the HUB project and our global ambition to deliver economic prosperity through decentralized trust and reputation to every corner of the world, we were looking for a partner who shared our global ambitions for the project. We were impressed by the exchange’s unparalleled support of our efforts and its increasingly widespread reach across the globe.”
About Bitcoin.com Exchange
The mission of Bitcoin.com Exchange is to empower people from all over the world to trade cryptocurrencies with ease and confidence, from first-time traders to advanced trading professionals. With high liquidity, 24/7 multilingual support and dozens of trading pairs, complemented with a high level of security, we offer an attractive platform for trading any cryptocurrency. Within one year since launch, on average, our exchange has been visited by more than 500K active traders per month, and this number continues to grow as you read this sentence.
Started in 2018 by LinkedIn co-founder Eric Ly, HUB’s vision is to encode identity and reputation on the blockchain to become the next digital identity protocol interoperable across multiple platforms. By putting identity data, one of the most valuable data types, back into the hands of users, people will gain access to an unprecedented level of economic opportunity and prosperity. HUB’s ecosystem includes the HUB platform at joinhub.com, a rapidly growing rewards-based event and community platform, and partner companies in the background verification and DeFi areas.
This is a press release. Readers should do their own due diligence before taking any actions related to the promoted company or any of its affiliates or services. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release.
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Ukraine’s Draft Crypto Bill Passes First Parliamentary Hearing
Ukraine’s legislative effort to bring in cryptocurrency regulation has had a successful first hearing in the nation’s parliament, the Verkhovna Rada.
After being discussed and given the initial thumbs up by lawmakers Wednesday, the Draft Bill on Virtual Assets now has two more hearings before it becomes law.
If that happens, Ukraine will join the still-short list of nations that have put in place dedicated laws regulating cryptocurrencies. The country was named a global leader in crypto adoption by blockchain analytics firm Chainalysis in September, as citizens actively using crypto for savings, investment and cross-border trade.
The parliamentary hearing was not completely smooth for the bill: some lawmakers decried it as considering things too far from the problems besetting Ukrainian economy. However, at the end, the document still received 229 “yes” votes out of 340 and passed this first stage of the legislative process.
The bill defines virtual assets as “a set of data in electronic form,” which “can be an independent object of civil transactions, as well as certify property or non-property rights.” The law suggests not considering virtual assets as legal tender in Ukraine.
The document singles out virtual assets backed by goods or services, suggesting that they must be taken out of the market in cases where the backing ceases to exist.
The ownership of virtual assets is considered as being the entity holding the private keys, unless they are held with a custodian, forfeited by the court decision or acquired illegally.
Virtual assets would be regulated by Ukraine’s Ministry of the Digital Transformation, and crypto service providers must register to be able to operate in the nation. Firms must provide information on ownership structure and beneficiaries, as well as ensure they don’t facilitate money laundering and that they are diligently protecting users’ personal data.
The Ukrainian crypto community sometimes finds itself at a disadvantage on global trading platforms. For example, in September, Bittrex temporarily stopped serving users from Ukraine, along with Belarus, Burundi, Mali, Myanmar, Nicaragua and Panama. The exchange did not give specific reasons, citing only “the current regulatory environment” in the affected jurisdictions.
The Ministry of the Digital Transformation believes introducing a clear regulatory regime would encourage crypto businesses to work with Ukrainians and open shop in the country. The ministry drafted the bill in collaboration with Ukraine’s crypto community, although some members are vocally opposing the very idea of crypto regulation.
Author: by Total Exchange