How Do I Sign Maine Banking Form

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hey hey everybody its Eddie from Tokyo this is your cryptocurrency update from Japan I've got a couple of really good stories we'll go at it quickly hang in there towards the end if you're an SBI Holdings group because they just came out with a new press release about 90 minutes ago but first I want to talk about GMO in a net group you might not be aware of this company if you don't live in Japan but they are a very big force to reckon with and they are moving in the crypto space quite aggressively so I want to do just an overview really quick to give you the size of this company they do have a corporate slogan sand saying internet for everyone they started back in 1995 and they currently have a hundred and six companies under their umbrella nine of which are publicly traded 44% of the employees are creators and engineers and they have over 5,000 partners there in 22 countries and 61 locations overseas you can see most of their locations here are in Asia but they do have locations in the UK Belgium Russia and the US they did a consolidated net sales in fiscal 2017 of hundred and forty-five billion yen with an operating profit of 19 billion and if we take a look at the pie chart 18.2% is internet finance so they have FX trading securities trading domain registrar domain registry hosting cloud services security payment services ecommerce solutions just right now only 1.4 percent of their businesses in cryptocurrency but that is going to change soon they have estimated a nine hundred percent increase in their mining business alone so the 1.4 percent represents about a hundred and forty thousand accounts and then they have an line advertising and media department which is 27.4% and then internet infrastructure about fifty two point three percent of their business or nine million customers so this gives you a quick oversight of how big they are I just thought it would be fun for you to see this is one of their ad campaigns I see this in billboards I see it in print magazine I see it on the Internet I see it everywhere actually so this is their current promotion for their exchange on Tuesday the 17th of July 2018 they have announced a notice of the launch of an internet banking business GMO apples aura net Bank that's my little moment down there sharpening her claws sorry Al's aura which means blue sky is a bank that is a full-fledged Bank now as you know Charlie Lee from litecoin just took a nine point nine stake in white bank in Germany and I think you know some of these banks have not been very friendly to crypto what was it in just this year February of 2018 we had some banks in the u.s. that refused to do business with people in allowing them to buy cryptocurrency with their credit cards so I I I don't want to say anything but I think this is a trend and I think we're gonna see a lot more of this for those banks who don't want to cooperate with the space move over because these exchanges and these mining companies are going to provide their own banking services in a very legitimate way so as you can see here this is you know they are going to go after the demographics that are young and really want a cashless solution so everybody's going towards mobile in Asia and they are going to launch a next generation internet banking business it's a platform to respond to these new demands and they're going to be leveraging high security certificate the blockchain AI Internet of Things the next-generation media I I think that absolutely if you're not aware of GMO this is a company that you should pay attention to okay so boy it didn't take long for them either to promote their solutions this is one of the ads that are out there on today's Internet so here it is on June 6 they started taking pre-orders for Japan's first ever Bitcoin mining rig now GMO is really aggressive also in the mining business and they are competing with Bittman bit main right now has about an 80 percent market share and they are going after that market with a new rig called a B what's it called its called a B - and it's gonna retail for one thousand nine hundred ninety nine dollars compared to the 837 for the s9 that is currently being used almost all the time but the specs in the B - are vastly superior to those of bit Maine's flagship product so they are a much faster at the hash rates per second and they have a significant difference in the power consumption these units which they started taking pre-orders about a month ago are anticipated with a ship date in October so because of this the company has stated that it hopes to achieve a hash rate that by the end of the year represents more than a nine hundred percent increase from their current levels so in May they were able to mine four hundred to Bitcoin and 37 bch yeah so I this is just this is just a company that I think you're gonna hear more and more about I couldn't help but just share this ad at the height of our pricing in December of 2017 they had a cute ad it says that the GMO coin is sold out of Ripple there was such a huge demand for ripple at that time that they played on that and I'm sure it got a lot of attention because there was just you know everybody in Japan was going crazy for the coin all right this next story is for everybody out there yeah you watching this video because if you've got skin in the game I need to tell you that you can participate in influencing the SEC I really do believe so so they are currently being flooded with positive Bitcoin ETF comments and as you know there has been a new application file this is the third one actually by this gentleman what's his name van then he's the asset manager of solid f and they are backed by the S BOE which is the s BOE global markets is the father company to the S BOE which is the largest Options Exchange in the United States and so between now and about August 16th you'll be able to submit your comments on why you think or you don't think ETF should be a part of the space now JP Morgan said in what February of this year that definite ETFs are the Holy Grail for the crypto space if you will an ETF is is like a fund that has ownership of an asset a real asset so that asset could be gold could be oil could be crops in this case it's Bitcoin and then I'm sure it can be once they get Bitcoin it can be other coins that will follow and you can then take action and buy and trade these shares so they're gonna create baskets they will be absolutely responsible for the custody of the bitcoins and within these baskets of shares will be blocks of five and the five shares each share has 25 bitcoins which is about 167 thousand US dollars at today's price and then you'll be able to through the company you won't have to worry about if it's hacked you won't have to worry about losing your keys they are yes centralized but it will be insured they'll track the price I understand they're gonna do it to begin with on bitstamp GD x GD x gemini it bit bit flyer and Kraken and all the coins will be in a multi signature cold storage wallet and it'll carry insurance and this is what the institutional investors want and this is really if it gets past this really will change the entire space for ever and it's going to be able to bring the institutional investment money like we've never seen before so I think if you have an opinion you need to share that opinion you can go to the u.s. Security Securities and Exchange Commission website which I'll put the link down in the comment section so you have no excuse to fund not find it and this link will tell you how to submit your comments your comments will be public so keep that in mind and all the comments that have been submitted thus far are in this page and you know what it's everything from people like you and I like you and me oh and even the biggest of the players in the space so when you take a look at the first one on the top of the list it's well written but let me just read to the last closing statement he says he says if I want to buy a thousand dollars in Bitcoin it cost me three dollars in fees if I want to invest $50 in my Vanguard it cost me $9 protect those who are truly the most vulnerable there is no obligation of yours to protect those sitting behind large financial regulatory infrastructure almost simply to keep the status quo and then you there's one from Brendon Hathaway and it's very short very sweet very simple I fully support a Bitcoin ETF blockchain technology has the potential to positively impact our economy thanks to its efficiency and near limitless use cases SEC approval and the regulation would go a long way towards the legitimization of this new asset class and help cement the us place in the world as a technological leader best regards Brendan Hathaway so you don't have to write something long you don't have to write something that is going to be published in some you know high regard of you know well I guess I'm trying to say is it if you have an opinion if you want to see this space grow you don't have an excuse not to put your two cents in okay so don't be afraid to put your comments in writing okay I promised that if I saw SBI advertisement in regards to their new SBI BC trading site I would share it with you so this is one of those ads that are bringing new people to sign up for the VC trade site and I just want to make sure that I did follow through and share that with you so this is pretty much out on the internet now okay so this is kind of big news just about 90 minutes ago or two hours ago SBI used from their crypto investment fund they have made a stake in a company called Lance iam and they are a wind power generation company so the Lance iam technologies manages data centers in the US and this 30% stake will allow them to participate in clean mining so they do large-scale wind power and basically what they're doing is they are purchasing surplus electricity that's generated from wind power and then they use that to power their mining businesses so this is Ray Kline and he is the chief mining officer and you can read a little bit about it he's responsible for the cryptocurrency strategy and initial initiatives of Lance iam and basically if we come down to the bottom you can just see here Lance iam is yeah is a cryptocurrency simultaneously cryptocurrency and blockchain technology has provided an increasing demand for electricity supply to perform the proof-of-work computations that provide validation and security of cryptocurrencies and smart contracts through mining so counter to the original thesis of the globally distributed computational infrastructure the economies of cryptocurrency mining have resulted in large centralized mining farms so Lancia MS address sing the technical challenge of developing decentralized distributed infrastructure that can be used to balance grid dislocations and then he talks about his presentation that he gave in Austin Texas where they talk about those solutions so yeah it's it's interesting and I'm really happy to see that SBI is moving towards a clean solution ok everybody gosh get your letter in by August 16th because the SEC is going to make a ruling on that etf sometime between August 16th and they have to like September 30th so just wanted to remind you to get that in all right now comes your fluff story if you're new to the channel I usually have some story that focuses on Japan so here we go talking about clean energy this is Panasonic's smart town and it is fully dependent on solar power so this is in Fujisawa when Fujisawa is not far from tokyo it's just about 30 minutes south towards Kamakura on the Tokaido line and it's kind of a beach town it's it's the start of we're surfers love to live and this is built on an old Panasonic factory site and there are 600 houses 400 apartments and everything is on a smart grid and it's fed by the solar panels so the street lighting the security the electricity even has a heat pump for the water and the the great thing is is that it can even be off the grid for three hours with all of the surplus energy that it can store which is important for now disasters and in this country it's really important I mean especially when we have earthquakes the power gets disrupted the the town itself is designed in kind of a leaf shape and that leaf shape layout allows for a breeze to flow through all the streets which i think is interesting and the residents also have access to they have special access to electric bikes and electric vehicles so this is kind of a group collage of pictures that are taken in or around the smart town even the houses have been built above the earthquake standard so that's one point eight percent above the current earthquake standard which is very very high and strict in Japan so the houses look yeah quite nice I think this is a great model for the rest of the world to follow and I just wanted to share a little bit of that especially since we have the Fukushima accident there has been a great awareness now for alternative forms of energy and this one started people started moving in to this town in 2014 but if you come to Japan and you want to take a look it's just about a 30 minute trip on the train south of here okay everybody that's it for you today thank you for listening and I wish you all the best sayonara for now bye bye