We’re thrilled to welcome Breanne Madigan to the Blockchain team as our Head of Institutional Sales and Strategy. Breanne most recently served as the Head of Institutional Wealth Services at Goldman Sachs, where she played an integral role in a division whose total assets under management reached a record $1.49 trillion in 2017.
Breanne has a remarkable history of success in leadership roles, having served as the Chief Operating Officer for the G10 Global Foreign Exchange Business, as well as Goldman Sachs’ EMEA Emerging Markets Business. In this capacity, she was responsible for a business of more than 300 individuals across a wide range of teams, as well as $2 billion in annual net revenue. She was also entrusted with managing 30 of the leading investment bank’s highest priority hedge fund clients. Her extensive background in investment strategy makes her an invaluable asset to the Blockchain team.
“Breanne has a proven track record of adding value to her teams and her clients, and as Blockchain continues to grow its institutional presence, I can think of no one better to help scale our business,” said Peter Smith, CEO and Co-Founder of Blockchain.
We experienced a record year of growth in 2017 and are planning to triple our headcount in 2018. Breanne’s hire marks the third executive hire we’ve made in as many months — she joins Marco Santori, who was recently named President and Chief Legal Officer, and Peter Wilson, who is Blockchain’s new Vice President of Engineering. Alongside the entirety of the Blockchain team, Breanne will help the company better serve its growing and diverse customer base, scale operations, and support product development.
“It is an honor to join Blockchain, the leading provider for digital asset software,” said Breanne Madigan. “I am thrilled to have the opportunity to create a more modern and inclusive financial system for businesses and individuals around the world, and look forward to leveraging what I have learned from the traditional financial industry in this exciting new venture.”
The trading volume for Tanzanian bitcoin pairings on Localbitcoins has spiked to establish a new record high this week. The sudden spike in volume has occurred after several months of increasing warnings regarding virtual currencies from Tanzania’s central bank. Certain South American markets have also seen spikes in trading activity, with Peru and Vietnam also seeing record trading volume this past week.
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Record Trading Volume in Tanzania
The Tanzanian peer-to-peer (P2P) markets on Localbitcoins have exploded this past week, with the markets producing record trading volume approximately three times that of its preceding fiat-valued volume record.
During the week of the 14th of April 2018, Tanzania’s P2P markets witnessed roughly 295,000,000 Tanzanian shillings (TZS), approximately $130,000 USD, worth of bitcoin change hands. The Tanzanian markets also set a record for the number of bitcoins traded in a single week (17) – with more bitcoin being exchanged in seven days than during the preceding four weeks.
Thirsty Whale or Response to Regulatory Concerns?
The spike appears to have occurred without a specific news catalyst, as no major events appear to have occurred with regards to Tanzania’s cryptocurrency sector in the last week. Tanzania’s central bank has, however, issued a number of statements regarding cryptocurrencies in recent months.
Last month, the Bank of Tanzania (BOT)’s director of national payment systems, Bernard Dadi, indicated that the central bank is currently researching different potential legislative models for the regulation of cryptocurrencies. “Bot is currently studying internet currencies with a view to finding a permanent regulatory solution […] The bank of Tanzania is, in the meantime, taking a cautious approach by warning members of the public on the risks associated with internet currencies,” Mr. Dadi said. “There is no mechanism to prevent the public from accessing cryptocurrencies outside Tanzania’s jurisdiction without blocking public access to the Internet,” he added.
In January, the Bank of Tanzania also described bitcoin as comprising a potential threat to the East African Community (EAC)’s plans to develop a regional currency.
P2P Markets of Peru and Venezuela Witness Record Volume
Trading between the Peruvian Sol (PEN) and bitcoin on Localbitcoins spiked to set a record of 1,704,657 PEN (approximately $530,000 USD) this past week.
The spike saw roughly 71 bitcoins exchange hands – which is the second highest number of bitcoin traded for PEN in a single week on Localbitcoins. The record was set during December 2015, when 80 bitcoins were traded for PEN – then equating to just $36,800 worth of trade.
Venezuela’s P2P bitcoin markets have continued to produce accelerated momentum, establishing a new record for weekly trading volume for the sixth time in seven weeks when measured in Venezuelan Bolivars (VEF). 2,789,991,957,138 VEF was traded this past week, dwarfing the preceding week’s record of 1,744,669,576,098 VEF.
Venezuelan Volume Records Representative of Bolivar Hyperinflation
In many instances, Venezuela’s recent P2P trading volume highs (when measured against VEF) have been more indicative of the extremity of the hyperinflation besieging the nation than it has surging demand for bitcoin.
When measuring Localbitcoins trade volume in BTC, one can see that the 652 bitcoins traded comprised a slight decline from 663 bitcoins traded during the prior week of the 7th of April. Whilst the price of bitcoin has increased by approximately 22.3% since April 7th, such does not account for the approximately 60% increase in trade volume when measured against VEF.
Do you trade on the P2P markets? Tell us why in the comments section below!
Images courtesy of Shutterstock, Coin.dance
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by Faith Obafemi
The analog life is no longer appealing. We all now wish for the smart, digital life to make everything easier, less expensive to manage and convenient. In a time when we’ve got smartphones, smartwatches, smart fridge, smart grids, smart TV and smart homes, why can’t we have a smart city?
Dubai will be blazing the trail as it becomes the first smart city running on blockchain and smart contracts. Imagine a city which is not only connected to the internet, but also ‘smart’ enough to process activities like visa applications and reach intelligent decisions. For a frequent business traveler, the long wait at the embassy will become history. Robotina, a Slovenia-based company, providing comprehensive automation solutions with an IoT focus, will be playing some big roles and laying down the tracks in this innovative transformation.
Ultimately, the goal is to have a city where activities are synchronized, making transactions within and without faster, with minimized errors and most especially, secure framework.
Robotina and its decades of operation in IoT industry
In operation since the 1990s, Robotina has a track record of successful projects in the AI, machine learning and IoT industry. The company has over 50 international employees spread across offices in each continent, and rendering smart services in over 27 countries. Robotina’s portfolio includes: manufacture, distribution, support and service for automation components and electronic devices.
One notable project in this regard is Robotina’s strategic partnership with Imdaad as far back as 2014. The partnership tasked Robotina with the duty of implementing Imdaad’s Network Operations Centre (NOC) project in the agency’s headquarters. Robotina was to commission the NOC project whose purpose was for remotely managing and monitoring other facilities under the operation of Imdaad. All materials and equipment needed for construction was to be supplied by Robotina.
Achieving the NOC commissioning involved joint investment by Robotina and Imdaad in the development of the necessary applications and business processes. Jamal Abdullah Lootah, CEO of Imdaad, had this to say about the partnership: “Our new joint venture with Robotina is an ambitious project which will enable us to remotely monitor and manage our facilities in addition to conserving energy, reducing operation cost, and improving overall energy efficiency.”
Lootah further said: “We have selected Robotina for this project because of their experience, range of products and solutions, and expertise in proving building management and automation solutions. We are confident that once operational, NOC will support the UAE’s vision of ‘green’ solutions for sustainable living as well as Dubai’s shift towards becoming a ‘smart’ city in next three years.”
Other smart building projects commissioned by Robotina include Dubai Customs and DP HQ, and now, with the ongoing Robotina crowdsale, plans are in place to expand operations that align with the goal of transforming Dubai into a smart city.
Imagine a city where the oversupply of energy is prevented because the smart power grids know just the exact amount of power to supply. Imagine a city where you know the exact right time to leave home so as to avoid traffic. Imagine a city where waste is not wasteful, but smartly recycled into other useful purposes, where one is able to have access to accurate information which aids the making of informed decisions, and where the economic risks for businesses and government are lowered.
Dubai isn’t the only city benefiting from Robotina’s 28-year expertise in AI technology, IoT manufacturing, energy control and management. More recently, in 2016, Germany, aiming to run on renewable energy in a couple of decades, tasked Hitachi Chemical & Co. and Robotina, with making this a reality.
While IoT is already making waves into our everyday lives through the numerous smart “prefixes”, it’s only a matter of time before we experience this on a governmental level, courtesy of Robotina.
Robotina Lightpaper(https://www.robotinaico.com/documents/Robotina_LP.pdf)
Robotina Concept Video (https://www.youtube.com/watch?v=5HdECHzo4gs&feature=youtu.be&list=PLAo2Lrn-pjxgqEtqhZsgJSox8SeH3zCyO)
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