Month: June 2017

Antshares Rebrands, Introduces NEO and the New Smart Economy

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Are Christians Donating Too Directly to Missions?

Long before Google Maps, a couple of guys in a garage in California figured out how to use personal computers to create a digital map of the global church.

It was 1983, and their two-year project—meant to help organizations see where to send missionaries and who still needed translations of the Bible—grew into an organization called Global Mapping International (GMI).

GMI spent the next 34 years supplying products such as missions maps and studies on how missionaries could thrive. It didn’t charge missions agencies very much and supplemented by asking for donations.

In June, GMI closed its doors, unable to draw enough funding from today’s givers.

“The attention span of the donor is much shorter, and their desire for tangible, immediate impact from their gift is much higher,” said GMI president and CEO Jon Hirst.

Up-and-coming donors are bringing with them a new set of priorities. Nearly a quarter of millennial Christian givers (22%) say efficiency and effectiveness are good reasons to support an organization, compared to 12 percent of those over 35, according to a groundbreaking study by the Evangelical Council for Financial Accountability (ECFA). It asked about the motivations of more than 16,000 donors to Christian ministries.

Younger donors also are more likely than older donors to research an organization before giving (96% vs. 88%), as well as to choose ministries that do long-term humanitarian work such as caring for orphans (89% vs. 85%) or providing education (76% vs. 68%). They’re less likely to favor things such as making the Bible available (90% vs. 96%), teaching Christians to live as disciples (77% vs. 83%) or strengthening marriages and families (70% vs. 76%), ECFA reported. …

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Bancor’s blockbuster ICO and the risk of blockchain investing

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Blockchain startup Bancor closed a $150 million ICO raise this week — a landmark event, both in the speed and the magnitude of the raise.

What is Bancor doing that got investors so excited? It’s trying to hit the blockchain domain at its very heart with the promise that it can enable smart tokens to serve as legitimate currency.

Cryptocurrencies, or smart…

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Israel’s blockchain blockbuster

D3Damon | E+ | Getty Images

A record-setting round of fundraising by Israel-based blockchain startup Bancor has focused international attention on the new and fast-moving technology in the country. Bancor on Monday (June 12) managed to gather around $150 million in what is called an ICO, an Initial Coin Offering, from a range of investors, accredited and non-accredited. It was one of the largest ICOs ever and was completed online in just a few hours.

Blockchain is a distributed and…

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The Bancor ICO raised $153 million on ethereum in three hours and jammed the ethereum network — Quartz

The latest craze in the cryptocurrency markets just got crazier. An outfit called the Bancor Foundation raised $153 million worth of ether (the coin of the cryptocurrency ethereum) by selling its digital tokens (the equivalent of shares) for three hours on June 12, making it the largest token sale ever.

Such sales, popularly known as initial coin offerings or ICOs, are a way of financing startups by letting potential users—rather than venture capitalists, as is traditional—buy small…

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Bancor Gets $147M In Venture Capital Coin Offer

The Bancor token was able to raise around $147 million earlier this week via an initial coin offering, reported Reuters.

According to the report, it’s the second biggest venture capital fundraising by a player in the blockchain industry. Bancor provides technology for the creation of smart tokens that can hold one or more tokens or digital currencies to allow any party to purchase or liquidate them via a smart contract. There is no need to rely on an exchange with the currency technology,…

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This startup used Ethereum to raise $153 million in under three hours

A startup named Bancor has raised about $153 million in less than three hours from anonymous investors in what is now the biggest example of a new form of blockchain-based funding—the initial coin offering.

And it all happened on Ethereum, the blockchain platform that has exploded in popularity over the past few months. Ethereum, often described as another Bitcoin competitor, is more than a currency; it allows decentralized, blockchain-based projects to be built on top of it.

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$150 Million: Tim Draper-Backed Bancor Completes Largest-Ever ICO

An initial coin offering (ICO) for a blockchain project called Bancor has set a new industry record, raising approximately $153m in ether, the native currency on the ethereum blockchain, as part of a crowdsale that concluded today.

Data shows a smart contract connected to the sale had collected more than 390,000 ether by the time it ended at 18:00 UTC, an amount worth $152.3m at current prices. As such, the figure is higher than even the funding raised by The DAO, the notorious failed…

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Bancor – An Innovative Token Sale

The Bancor protocol is a standard for a new generation of cryptocurrencies called “smart tokens,” which can hold one or more tokens in reserve.

It is about easily creating, managing and trading tokens, currently, ERC20 tokens created on the Ethereum network, by increasing their liquidity and allowing them to have an automated market price.

Bancor already has a working front-end product which includes smart token creation and wallet, as well as community features like discussions,…

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User Interface – The Missing Link to Mainstream Adoption of Blockchain

Any given technology can only be said to have achieved mainstream adoption when it becomes employable by the regular public without any specialized skill or expertise.

The decentralized nature of the Blockchain is applauded for its openness and availability to anyone who wishes to participate in the ecosystem. However, as is currently obtainable in most cases, only individuals with certain abilities, especially those capable of reading and interpreting computer codes, are really capable of…

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