Goldman Sachs and Baidu Backed Cryptocurrency Startup Circle Hiring 100 New Employees for Poloniex and Asian Expansion

Dublin based cryptocurrency startup Circle, which is backed by the likes of Goldman Sachs and Baidu, has decided to perform two things as soon as possible:

  • Expanding its footprint in Asia, and;
  • Improving its cryptocurrency exchange called Poloniex.

The company is now hiring 100 employees for these particular tasks. Some of those newly hired employees will be used to improve the customer service and operations at company’s recently acquired Poloniex exchange, while others may be sent to different parts of Asia if latest news report from Bloomberg is to be believed.

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Poloniex was acquired by Circle last year in a $400 million deal. Currently it’s 14th largest cryptocurrency exchange in the world according to daily trading volume. Within last 24 hrs it processed transactions worth $180 million according to CoinMarketCap data. Therefore, it makes sense for Circle to strengthen it by improving its customer service and business operations. The company has some grand plans for Poloniex, which revolve around making it an “open global token marketplace”. Speaking on the topic Mr. Jeremy Allaire, co-founder of Circle, told Bloomberg:

“The long-term view is that every form of value on the planet will become a crypto token. We want to offer more markets, more assets, we want to localize it, and launch it in more international markets and, critically, we need to work with the most important regulators.”

So the company wants to convert Poloniex into that kind of marketplace which can host tokens for almost everything from works of art to literature. And that’s where efforts of some of these new hires will go.

Other new employees will be stationed at Circle’s institutional trading desk called Circle Trade, which manages transactions worth $4 billion per month for institutional traders. The company plans to start processing trades with Asian fiat currencies and that’s where efforts of some of these new employees will go. About 33 new hires will be posted in locations like Hong Kong, Japan, South Korea and China.

Circle’s products include cryptocurrency investing app Circle Invest, which allows retail investors to trade five cryptocurrencies commission-free and Circle Trade, which provides market-making services to institutional traders. The company is backed by $140 million of venture capital and doesn’t plan to raise any funds as of now. It expects to remain profitable for a second year according to co-founder Jeremy Allaire.

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Crypto Investment Firm Promising 200% Returns Slapped Down in Phillipines

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The Filipino Securities and Exchange Commission has issued an advisory warning investors against investing in Onecash Trading. Onecash Trading claims to be a reliable digital currency trading platform that is mainly targeted at Filipino Investors. Looking at the site, it claims to educate both existing and new crypto traders on how they can venture into digital currency trading. The site seems to be riding on the rising popularity of cryptocurrencies in this country.

On the advisory, the commission said that Onecash Trading claimed to offer investors returns of up to 200% within one week. The advisor further states that there is asocial media link on Onecash Trading’s social media pages that investors can use to sign up on the website by paying a deposit of PHP 1,000(USD 50). As of writing, Onecash Trading’s Facebook and Twitter pages couldn’t be accessed.

There are three ways through which investors can invest in this platform. One can opt to become a trader. Onecash Trading states that traders can earn as much as 25% every week on the capital invested. The second option through which investors can earn money on this platform is by becoming miners. Looking at the site, it states that you can become a miner instantly by “pushing Buttons” and earning “crypto credits”. What these “buttons” are or what type of “credit” this is is quite fuzzy. Finally, the platform claims that investors can earn passive income by becoming affiliates and building teams. The platform further states that affiliates stand to get passive income up to the 10th level.

SEC has warned the public from investing in this platform and said that these investment schemes are subject to regulatory approval. SEC further informed the public that Onecash Trading hadn’t received any approval or license from the Commission as required by law under Section 8 of the Securities Regulation Code (SRC). This section states that securities shall not be offered for sale or distribution in the Philippines without a registration statement that has been filed and approved by the Commission.

On Onecash’s Trading site, there is no mention or posting citing any approval or licensing from the SEC. There is a terms and conditions section that briefly informs potential investors about the risks involved in this scheme. Under the Securities Regulation Code of the Philippines, entities that engage in trading of securities ought to receive their licensing and approval from the SEC. This ensures that everyone involved in the scheme is protected. Virtual currencies are considered to be securities in the Philippines. Trading or selling them requires approval. Individuals who sell these securities also need to be licensed by the Commission.

Entities found guilty of contravening the Securities Regulations Code (SRC) stand to be fined an amount of up to PHP 5,000,000 (about USD 100,000) or imprisonment of not less than seven years and not more than twenty-one years. This has been clearly stated on Section 73 of the SRC.

The Commission also warned the public against inviting people to join the platform. Members of the public found inviting others stand to be criminally prosecuted. Apart from this, their records will be handed over to the taxman so that appropriate penalties and taxes may be calculated.

A hotline was provided on the advisory that the public can use to contact the Commission if they need more information concerning the site. As of writing, there hasn’t been any official response from Onecash Trading.

Featured image from Shutterstock.

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The Blockchain Threat Intelligence Market ( THRINTEL MARKET ) is finally starting a crowd sale!

Bitcoin Press Release:After a huge private sale round (210,000,000 SEC = 7,000 ETH = ~8,000,000 CAD). The company offers a pre sale, this week

March 14 2018, Toronto Canada –From the 12th of March till the the 18th of March Toronto-based Blockchain startup THRINTEL MARKETis going to offer up to 6,000,000 of their SECURE Coins (SEC) for the community to purchase, with a bonus of up to 37.5% on the first day of the pre-sale. It is expected the coins are going to sell out quickly, in a matter of fact more than 3,000,000 SEC Coins were sold in the first hour. Almost no info is made public about the full crowd-sale where 1,300,000,000 SEC (43,334 ETH = ~48,500,000 CAD) will be offered this July. But this information is said to be released later this month.

With Industry & Educational Partners, Distinguished Advisers on board experts believe it is in a great position to acquire all of the funds required from it’s incoming presale.

THINTEL MARKET operates in a huge market, detering cybercrime, which has recent projections of 6 Trillion dollars and 3.5M infosec jobs to remain unfulfilled by 2021. Currently 70% of threats go undetected and time between attack to discovery is increasing by more than 30%.

Background: Threat intelligence refers to body of knowledge which is founded on evidence which is made up of mechanisms, implications, contexts, indicators, and advice which should be acted upon about an existing or manifest threat or danger to assets that can be used to direct decisions based on the response to dangers or threats by the subject. Knowledge of the volatility of cyber security and the threat it poses to crypto currencies like bitcoin, ethereum underscores the value of thrintel market.Imagine a threat intelligence market which enables sharing and validating threat intelligence in real time! This is a silver lining when it comes to cyber security. Threat intelligence market or thrintel market is a market where data is shared and exchanged by stakeholders such as large corporations, governments, threat intelligence researchers amongst others. For transacting in this market, participants use the sec coin. The market adopts a system of contribution and feedback entries to function. This is also referred to as the C — row and the F- row. Referred to as the compiled O row, this row is a representation of the data in linked lists or chains in the blockchain. And is used by machines and humans alike to make decisions on the network and provide combined insight.

The basic idea: THRINTEL MARKET is a market where security solutions get to exchange data in real time to protect you from zero days. Hacked organizations can report anonymously, security firms can report via verified accounts and use it for branding, analysts can plug into it to get insights, your security solutions get the information they need and generate money by sharing what they know, they can spend this money buying more intelligence and provide better protection for your assets.

To shed more light: THRINTEL MARKET is a new special block chain (allowing much more than just a crypto currency) that uses utility token called the SEC Coin (from SECURITY Coin). The market has two forms of submissions either Feedback or a Contribution. Your firewall (for example) would contribute data (IP or URL) of a bad actor it finds (this person sent you a virus), my firewall buys it from yours, your firewall now gets money it can use later to buy more data, meanwhile my firewall now blocks this user, if the firewall finds the entry to be useless (I later manually enabled this IP to connect again indicating it isn’t malicious) my firewall submits a negative feedback of this data or artifact it bought from you, driving its price down, and your firewall’s account reputation down. The market is really simple. Trillions of exchanges will happen every second between antiviruses, firewalls, IPS, UTMs, MDMs, etc. Analysts as well will be able to manually trade and turn data into insights, tracking and tracing cyber criminals and operations. Hacked organizations are able to share data about their hackers without risking bad PR. Meanwhile security researchers and firms are able to use the market to earn reputation and good standing in a certain region and industry sector and use that for branding being a threat intelligence leader provider in that specific domain. The new utility token is needed to implement algorithms that dis incentivize bad data & spam on the network, and to make sure transactions happen in almost real time.

In its most recent news release, a THRINTEL spokesperson stated that that the company is targeting 100 ETH (112,000 CAD) for the first Presale round, but after gauging public interest, THRINTEL MARKET updated this to a 200 ETH (235,000 CAD) initial Soft Cap for their presale.

Due to additional private Investor Interest THRINTEL MARKET has chosen to offer these Investors a chance to support the project, before it goes to the token presale stage. For that it has allocated  210,000,000 SEC for private investors.

THRINTEL MARKET’s token public presale   specifics are as follows;

THRINTEL MARKET™ Presale Round 1

  • Platform: Ethereum (ERC-20 Token)
  • Start of token sale: 12 March
  • Soft cap: 100 ETH
  • Hard cap: 200 ETH
  • Tokens offered in Presale: 6 000 000 SEC
  • Total Tokens issued: 2 000 000 000 SEC
  • Price: 1 ETH = 30,000 SEC
  • Payment method: ETH
  • Minimum contribution: 0.1 ETH
  • Deadline: 23:59 – 18 March 2018

Token Holder Benefits

Only utility token holders will be able to trade on the THRINTEL MARKET™. This ensures an increasing demand on SEC tokens, hence driving its value up. With up to 37.5% Bonus Rates

Buyers get more for their ETH now, than ever. Promotion team will be airdropping more coins till the end of the ICO in july. SEC Coin is to be listed in exchanges few weeks after the ICO. More Pre ICO Rounds are expected with lower bonus rates, until ICO.

We found the Business Slides (http://thrintelmarket.com/slides) to be of huge help along with technical whitepaper (http://thrintel.market/WP). There is also a comparison with Polyswarm on their medium which was pretty exciting to see (https://medium.com/@thrintelmarket/thrintel-market-or-polyswarm-9e7d0dc264f6).

Visit the THRINTEL MARKET website at – http://threatintelligence.market/index.html
Follow THRINTEL MARKET on Twitter – https://twitter.com/thrintelmarket
THRINTEL MARKET on Medium – https://medium.com/@thrintelmarket
Find THRINTEL MARKET on Facebook – https://fb.me/thrintelmarket
Connect on Telegram – https://t.me/thrintelmarket

Media Contact

Contact Name: Jessica
Email: ico@threatintelligence.market
Location: Toronto Canada