Kuala Innov Share Discussion Threads

[keya5000] 13/11/2015 07:15

Trotters that was my thoughts, so when the second placing occurs that kind of closes the window to get in around these levels. May have happened a tad earlier than some expected.

[trotterstrading] 13/11/2015 07:13

Results out so I suspect the second placing at 8p should be wrapped up over the weekend, with an announcement Monday?

[doodlebug4] 12/11/2015 15:56

Factom in the news again today;

"Developers all over the world are looking at various ways to integrate blockchain technology into everyday life. In most cases, this is easier said than done, as everyday consumers are not too keen on Bitcoin technology. However, there seems to be something about BlockNotary that gets people excited, and the recent integration of Factom will only keep the momentum going."

[doodlebug4] 12/11/2015 14:01

“Bitcoin has been in the news a lot as of late, and it has been good news. People will see that and say, basically: ‘I want a cash option on the future of the technology,'” Van Valkenburgh says. “It’s like if you were able to buy a small piece of the Internet in 1994. Would you?”

[doodlebug4] 12/11/2015 13:50

Singapore banks must innovate: PM Lee

Singapore banks must now innovate in this challenging environment where economic growth is uncertain, and disruptive forces are now at play, said Prime Minister Lee Hsien Loong on Thursday.
NOV 12, 2015 8:46 PM

"Our banks are in a strong position," said PM Lee at UOB's 80th anniversary dinner, noting that Singapore is at the heart of a rising Asia, and banks here have a strong balance sheet.

"But at the same time, this is a very competitive business that continues to evolve rapidly. For while overall our banks are very good, in almost every specific area, we can find others who are better than us."

Looking at China's success in mobile payments, PM Lee pointed to the Alibaba sales on Singles Day on Wednesday, where 70 per cent of the billions in sales were done through mobile purchases.

Technologies such as blockchain, which can be used for real-time gross settlement or trade finance verification, are also emerging, he said.

"We have to continually innovate and keep up with the latest technologies and services."

Singapore's financial sector was liberalised from 1997, partly as the industry was not as efficient, innovative, and responsive to the market as it should be, said PM Lee. Foreign banks were allowed into Singapore to compete, including in domestic retail banking.

"This more competitive environment forced our local banks to consolidate. But it also spurred them to upgrade, innovate and grow," he said.

"Our strategy has worked. Today, our three Singapore banks have gained a reputation for being amongst the strongest and safest financial institutions in the world. And we have a strong, vibrant financial sector that we can be proud of."

www.businesstimes.com

[trotterstrading] 12/11/2015 13:20

The NAV is irrelevant in these early stage Investment funds.

Take TERN as an example, Crytosoft makes up 90% of its portfolio value, they paid £250k for Cryptosoft 12 months ago, now TERN are valued over £8m and they have been as high as £15m Mcap.

Simply put it worth at least 8p at the moment since that is what far more knowledgable people than you are prepared to pay to have a slice of the action

[tobytime73] 12/11/2015 12:28

Jeez 5bags taking investment advise from the stig.

LOL seen it all now.

Stig to dogs like ADSS, AVP and the rest of your to bit shares 5bags

[5baggersrus] 12/11/2015 11:58

Agree Mr H thanks

[the stigologist] 12/11/2015 11:55

This should be trading sub 4p by my calcs

[doodlebug4] 12/11/2015 11:49

It's all bubbling up here nicely wolf. We should get some idea of figures from the Factom revenues to date in the half-yearly results.

[wolf9] 12/11/2015 09:47

factom already generating income, avenues to explode this income streams appear to be opening all the time, news of a massive contract could pop up anytime. gla

[doodlebug4] 11/11/2015 21:44

Santander and UBS Discuss Blockchain at Bank of England Conference
Yessi Bello Perez (@yessi_kbello) | Published on November 11, 2015 at 19:21 GMT

Swiss investment bank UBS and Spanish megabank Santander discussed blockchain technology at the Bank of England's Open Forum conference in London today.

Jose Maria Fuster, global head of innovation at Santander, commented on the potential of the blockchain to overhaul the financial industry during a panel discussion which aimed to decipher how financial innovation and technology could support the economy.

Fuster said:

"Blockchain technology is very much related with the bitcoin concept ... this technology is allowing us to create a completely new space of infrastructure to transfer money, to store money and to create smart contracts and to do a lot of things that could fundamentally change the landscape of the financial industry."

"This is not something that is going to happen tomorrow," he cautioned.

Although bitcoin and blockchain technology went largely unnoticed during the panel, Fuster urged his contemporaries to not lose sight of innovation, acknowledging its significance for the wider financial industry.

"Innovation is a new concept, but now innovation is a must," he said, adding "If you don't innovate, someone will replace your business model ... Innovation is a strategic tool."

His remarks come after Santander InnoVentures – the bank's $100 venture capital arm – launched a global blockchain competition in an attempt to support early stage startups working with the technology and its participation in Ripple's Series A $32m funding round.

UBS weighs in on the debate

Bitcoin and the blockchain also featured in a panel discussion about the role of central banks in financial markets, which featured Digital Assets Holdings CEO Blythe Masters and Alex Weber, chairman of investment bank UBS, which announced the launch of its blockchain research laboratory in April.

According to City.AM, Weber was positive about the benefits of blockchain technology but largely dismissive of digital currencies such as bitcoin, noting that private currencies would fail to succeed "because there is no lender of last resort – there will always be boom and bust".

With their comments, Fuster and Weber became the latests additions to a growing number of mainstream financial figures who have publicly lauded the potential of distributed ledger technology and the ways in which it could potentially reshape the finance world.

[doodlebug4] 11/11/2015 17:59

Bitcoin Reaches the Highest Level on Google Trends Since May 2014
Posted on November 11, 2015 Author Joseph Young

The keyword “bitcoin”; has reached the highest level on Google Trends since May 2014, amid the sudden extreme price moves of bitcoin and the decline of trading volume in major bitcoin exchanges including OKCoin, BitFinex and BTCC. Interestingly, the most frequently searched query so far, in 2015 on Google was “mining bitcoin.”

Over the past few weeks, the spike in the price of bitcoin boosted the mining industry in China and the U.S, as Chinese miners experienced a 30% growth during the BTC price surge.

Huobi, one of China’s largest bitcoin exchange said in an interview:

“The current spike in BTC price has already boosted the mining industry in China. For instance, the price of miners has experienced a 30% growth recently. Rise in bitcoin price will attract more startups to engage in bitcoin application, pushing the industry development in a right direction.”

An increasing number of U.S based miners and bitcoin enthusiasts have begun to purchase various bitcoin mining hardware such as ASIC miners and the 21 Bitcoin Computer on Amazon. Since a week ago, more than 50% of the most popular “servers”; sold on Amazon have been bitcoin miners and computers.

Due to the rapidly growing mining industry in the U.S, 21 Inc has already completed its pre sale of the 21 Bitcoin Computer, the “first computer with native hardware and software support for the Bitcoin Protocol.”

Google Trend has also reported that the Czech Republic recorded the second highest regional interest, falling behind Estonia, which has also seen a significant growth in its mining industry.

According to local bitcoin startups, the Czech Republic and Estonia have both respectively experienced the emergence of bitcoin startups and an increasing number of people starting to realize the benefits of bitcoin and its underlying technology.

“We have noticed an increase in our bitcoin services as the word about bitcoin is spreading to larger groups and people are starting to notice this technology,” said Prague-based bitcoin center wBTCb CEO Martin Stransky.

PUBLISHED BY


Joseph Young
Joseph is a web developer and designer, writer and a passionate musician who loves to travel often. He's worked as a researcher for a number of venture capital firms and as a freelancer designer for resorts and corporations in Korea and the Philippines. Joseph will be covering new technologies, startups, technical analysis and breaking news in the bitcoin industry.

[doodlebug4] 11/11/2015 12:55

The news here will make for interesting reading over the next few weeks, we better not blink in case we miss something.

[trotterstrading] 11/11/2015 12:19

It will be interesting to see if we get news on the new investments prior to the second placing announcement, my guess is that we will as they have 650k burning a hole in their pocket and this move very fast in this sector

[doodlebug4] 11/11/2015 11:48

We haven't got a definite date yet Trotters, but they are usually published towards the end of November. I would suspect since the General Meeting is the 23rd we should have them quite quickly following on from that.

[trotterstrading] 11/11/2015 11:40

Anyone know when the interims are published?

"the Company is in advanced discussions with new and existing investors regarding a further placing on the same terms as the Placing and expects to conclude this further placing following the publication of the Company's interim accounts for the six months ended 30 September 2015.
"

[doodlebug4] 11/11/2015 10:37

Banks could use bitcoin technology by next year: study
Luke Graham, special to CNBC
3 Hours Ago
CNBC.com

Capital markets could adopt the technology behind bitcoin as early as next year, revolutionizing the industry by enabling more secure transactions and creating new streams of revenue, according to a report by TABB Research.

The report's writers claim that the adoption of the so-called "blockchain" adoption is now a matter of when, not if.

The blockchain was developed to be used with the cryptocurrency bitcoin. It works like a huge, decentralized ledger that records every transaction and stores this information on a global network so it cannot be tampered with.

Currently, a consortium of more than 20 banks led by fintech company R3 is developing a framework for applying blockchain technology to markets.

The report's authors predict blockchain solutions will be applied to track syndicated loans by the second quarter of 2016, but added that other market sectors may take longer. For example, applying blockchain to derivatives will take up to five years to develop, while using blockchain to settle share trading is a decade away.


Blockchain
Utilizing blockchain technology would lead to more efficient and transparent systems to track and record financial transactions, or could improve upon existing systems used by banks, according to the report.

"Within capital markets, a number of top use cases are coming to the fore, opening new opportunities for efficiency and generating revenue from greenfield projects, including private equity, interbank payments and corporate debt, among others," said Shagun Bali, a TABB research analyst and one of the report's writers, in a press release.

The report from TABB reinforces findings made by the Bank of England. Last year, the U.K.'s central bank released a report on bitcoin and described the blockchain as a "genuine technological innovation", because it could allow transaction systems to work without a third party intermediary and showed that digital records can be held securely.
However, Bali outlined a number of challenges that will oppose blockchain technology adoption, such as the expense of integrating it into pre-existing systems.
"Further due diligence for defining industry standards with regards to settlement, counterparty and other transactional risks involved are critical," explained Bali. "As blockchain gains greater mainstream adoption, a strong regulatory framework will be necessary to maintain a balance between security and future mass-market blockchain scalability, a critical industry challenge that lies ahead."

Follow Luke on Twitter: @LukeWGraham

[keya5000] 11/11/2015 07:42

Lol... There is a future in that sector I am sure.....

They won't answer back, be very complaint but just have to keep them well oiled I guess, a bit of rust on the wrong place would not be nice.