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NEOBEE Update 2014-01-22

Update taken from NEOBEE page on Havelock Investments and formatted for easier readability.

Flagship Branch

We are pleased to announce that Neo's flagship branch is scheduled to launch on February 24, 2014.
As part of the launch, we will also release the following three products:

Instant-Access BTC Wallet

This wallet will function as a standard Bitcoin wallet which utilizes the multi-signature process. Neo will earn revenue from these accounts through the fees paid when exchanging Euros for Bitcoin. Account holders will receive a Bee card, allowing them to make purchases at retailers around the island of Cyprus, and through existing Bitcoin payment gateways.

Time-Locked Wallets

This wallet will allow the customer to hold Bitcoins over a predetermined time period in their own wallet with multi-signature functionality. These wallets will enable the customer to execute an exchange back to Euros on the predetermined date for either the original Euro amount or for the value of the Bitcoin that is held in the wallet at the time of the exchange, however the maximum amount of gains the customer will receive will be limited to an agreed level. Neo will derive income from this type of wallet through gains made in the value of Bitcoin over an above the agreed percentage.

Merchant Wallet

This wallet will enable merchants to accept Bitcoin payments from anyone. Merchants will have the ability to determine the exact percentage of revenue they wish to retain as Bitcoins and how much they wish to convert instantly to Euros as settlement. Merchants may accept payments into their bank account through electronic transfer, or collect as cash from one of the Neo branches. Should the merchant choose to access their money through one of our branches, they will have access to those funds within one minute of accepting the payment.
We have decided to delay the second branch in Nicosia to ensure the flagship branch opening goes smoothly. The second branch will tentatively launch within the first quarter of 2014.

Bee Payment Network

We have taken delivery of the first batch of POS terminals. We are now finalizing the integration with Neo applications.
Bee will not charge transaction fees to merchants. This ensures the lowest barrier to entry. Bee will instead derive income from the rental of POS terminals and monthly fees for online payment gateways.
We have been working closely with a number of POS and Stock Management System developers to ensure compatibility and ease of integration with their systems and the Bee network. This will enable thousands of Cypriot and international merchants to easily integrate our terminals with existing infrastructure.

Neo EasyCoin

Neo EasyCoin is nearing the completion of beta testing. We are waiting for some locations to go online with different payment service providers. We are also working with other payment service providers in Europe to enable Neo EasyCoin to service additional European countries.
Neo EasyCoin will provide service to the United States once we are in possession of a written clarification from FinCEN regarding our business model. Our lawyers are working on this daily. While we are confident in our plan, we also want to ensure long-term stability.

Media Exposure

We have received consistent and positive attention from local news outlets, including newspapers, television, magazines and news websites.
Here are some examples:
We held a dinner event with the management and owners of several media companies based in Cyprus.

Marketing

Neo's first advertising campaign is now underway. The first television advertisement will premiere on February 1st. Radio advertisements and a new Neo & Bee website will be launched in support of this campaign. The website will include detailed information about our personal and merchant wallet service offerings.

Regulations

We continue to make progress in establishing clear regulations for the operation of Bitcoin-based businesses in Cyprus. We have taken the necessary steps to obtain a Cyprus investment firm license, which would enable us to offer time-locked wallets to customers. We will offer these wallets when we open the first branch.

Neo Xchange

Neo Xchange is a new venture in which Neo will act as a brokerage and trade on a new Bitcoin exchange under development. The Neo Xchange platform will offer trade derivatives and other financial instruments. This requires the platform to be regulated. We are working towards obtaining the required licenses from CySEC to operate this platform. More information will be provided as available.
Once this platform has been launched, Neo will have greater ability to hedge the instant-access pegged wallets.

Neo Portals

We are now developing our own ATM hardware that will enable customers to have access to all subsidiaries in many countries. This development will enable global expansion. By increasing our footprint in this manner, we can assess the data from these portals to determine optimal locations for expansion of the Neo network of branch locations.
The Neo Portals project is being managed by Brad Vaivoda. Brad Vaivoda graduated from the University of Colorado at Boulder with a B.Sc in mechanical engineering. After beginning his career performing brake rotor design and analysis in Formula 1, he accepted a position aiding orthopedic surgeons during operations whilst working for Zimmer Holdings Inc., a medical device manufacturer in the orthopedic industry. Most recently, Brad was employed by The Boeing Company as a Test & Evaluation Engineer working across Boeing's commercial aircraft product lines.
Brad has since turned his focus to Bitcoin and Bitcoin-related ventures. He has considerable experience with bleeding-edge technology and is familiar with working in fast-paced environments.
submitted by SecretEmperor to BitcoinStocks [link] [comments]

4/15/14 Video News - China false alarm, Charlie Shrem indicted, Danny Brewster Responds & Gyft loses Walmart

Video: http://www.moneyandtech.com/apr15-news-update/
Here are today's top news stories in Money & Tech:
Today's rumored deadline for a China crackdown has resulted in no official word from the People's Bank of China. As promised, BTC China continues to run business as usual, implementing a new deposit voucher system and software that turns any smartphone into a ‘walking bitcoin ATM’, which they are calling the ‘Picasso ATM‘. Picasso users will be able to trade bitcoins for any fiat currency, besides send and receive bitcoins like a normal wallet, meanwhile keeping them stored either on BTC China's exchange or in their secure Picasso wallet.
Australia's first bitcoin ATM was unveiled Tuesday morning inside a Westfield mall in central Sydney. The launch comes a week after the National Australia Bank announced it would close vendor accounts involved in bitcoin trade. ATM company ABA Technologies CEO Chris Guzowski remains confident nonetheless, saying "We're very confident that they'll see the prospect of this technology, and we really want to work with them to grow."
Following unsuccessful plea talks, prominent bitcoin entrepreneur and former Bitcoin Foundation vice chairman Charlie Shrem, has been formally indicted by a federal grand jury in New York. Shrem faces charges involving allegedly laundering money to users of anonymous online marketplace the Silk Road. His arraignment is expected to take place on April 29th.
Neo & Bee CEO Danny Brewster broke his silence on Reddit to address rumors, saying the fraud charges are his greatest concern. Brewster went on to claim that the bitcoins he is holding on behalf of depositors are still safe, and that he has tried to contact the Cyprus Police Criminal Investigation Department for days with no answer, but would be happy to work with them to return those bitcoins to their rightful owners.
Mobile gift card provider Gyft announced Monday that it is no longer able to offer customers gift cards for Walmart, and have had to remove them from their list of participating retailers due to circumstances beyond their control. CEO Vinny Lingham reassured that they are doing everything they can to bring Walmart back, encouraging disappointed users to email the US retail giant themselves and quote ”let them know how you feel about it.”
Facebook is reportedly just weeks away from obtaining regulatory approval from the Central Bank of Ireland to start a service that would let Facebook users store, exchange and pay money to others via the site. The social media company may also be in deal discussions with a few mobile and online international money transfer startups. As a Financial Times source reported, "Facebook wants to become a utility in the developing world, and remittances are a gateway drug to financial inclusion."
Since today is also tax day for our US viewers, we will be sharing an interview with Jake Benson, CEO and co-founder of Libra Tax, to help answer your questions about how to file your bitcoin taxes. Find that video here shortly.
submitted by moneyandtech to BitcoinMarkets [link] [comments]

4/14/14 - China, BTC-e, Side Chains, Blockchain 1.5M wallets, Isracoin, Neo & Bee

http://www.moneyandtech.com/apr14-news-update/
Start off your week with today's top news updates in Money & Tech:
Chinese exchanges aren't letting the threat of bank closures slow them down. OKCoin and BTC China are both now planning to introduce bitcoin ATMs soon, as they and other exchanges in China adjust their business models and services to work around the central bank's restrictions. Huobi even went so far as to include a warning to the PBOC in its recent statement, saying “If online trading platforms that are following the rules have to stop services, bitcoin transactions will go offline where they will be unmonitored, and will result in even more difficulty regulating.”
Digital currency exchange BTC-e was down briefly on Sunday, following a powerful DDoS (or distributed denial of service) attack against its servers. BTC-e was quick to confirm the attack and dispel fears, assuring users that it was just a minor problem, with no security breach, and would be fixed quickly. True to their word, the exchange now appears to be back up and running.
Developer Adam Back and Canadian entrepreneur and investor Austin Hill have come up with a way to expand bitcoin’s functionality with "two-way pegging". With this concept, bitcoins could be moved back and forth between the bitcoin block chain and another block chain called a side chain. But they will need the support of the open source community to make changes to the Bitcoin protocol. Some developers are skeptical, but Back and Hill are confident they will have the support they need, and more official plans by mid-May.
Blockchain.info has now surpassed the 1.5M mark for downloads of its web wallet, just three months after hitting 1M in January. We spoke with CEO Nicholas Cary, who told us that "The team at Blockchain would like to thank the bitcoin community for its trust and support. We firmly believe that putting users first is the way to go. It is our mission to provide tools and services that build upon bitcoins core strengths and we look forward to building a better world through better money."
Beginning on midnight of May 6th, Israel's new cryptocurrency Isracoin will launch into the first of its four phases, with an airdrop of 500 coins to interested businesses, and an ultimate goal of sending 50,000 coins. Iceland attempted something similar last month with the airdrop of their own national altcoin Auroracoin. However, it suffered a 51% attack and the ledger was forked into multiple versions, essentially rendering the cryptocurrency valueless.
Cyprus police issued a warrant for the arrest of Neo & Bee CEO Danny Brewster on Friday, formally charging him with fraud in his failure to deliver £70,000 worth of Bitcoins to investors, as well as his employees, many of whom were never paid for March.
Money & Tech’s Perianne Boring attended the recent Inside Bitcoins New York conference and we’ll be bringing you her interviews from that event later this week. But in the meantime, enjoy a recap of our previous event coverage from CoinSummit, available here shortly.
submitted by moneyandtech to BitcoinMarkets [link] [comments]

4/14/14 Video News - China, BTC-e, Side Chains, Blockchain 1.5M wallets, Isracoin, Neo & Bee

http://www.moneyandtech.com/apr14-news-update/
Start off your week with today's top news updates in Money & Tech:
Chinese exchanges aren't letting the threat of bank closures slow them down. OKCoin and BTC China are both now planning to introduce bitcoin ATMs soon, as they and other exchanges in China adjust their business models and services to work around the central bank's restrictions. Huobi even went so far as to include a warning to the PBOC in its recent statement, saying “If online trading platforms that are following the rules have to stop services, bitcoin transactions will go offline where they will be unmonitored, and will result in even more difficulty regulating.”
Digital currency exchange BTC-e was down briefly on Sunday, following a powerful DDoS (or distributed denial of service) attack against its servers. BTC-e was quick to confirm the attack and dispel fears, assuring users that it was just a minor problem, with no security breach, and would be fixed quickly. True to their word, the exchange now appears to be back up and running.
Developer Adam Back and Canadian entrepreneur and investor Austin Hill have come up with a way to expand bitcoin’s functionality with "two-way pegging". With this concept, bitcoins could be moved back and forth between the bitcoin block chain and another block chain called a side chain. But they will need the support of the open source community to make changes to the Bitcoin protocol. Some developers are skeptical, but Back and Hill are confident they will have the support they need, and more official plans by mid-May.
Blockchain.info has now surpassed the 1.5M mark for downloads of its web wallet, just three months after hitting 1M in January. We spoke with CEO Nicholas Cary, who told us that "The team at Blockchain would like to thank the bitcoin community for its trust and support. We firmly believe that putting users first is the way to go. It is our mission to provide tools and services that build upon bitcoins core strengths and we look forward to building a better world through better money."
Beginning on midnight of May 6th, Israel's new cryptocurrency Isracoin will launch into the first of its four phases, with an airdrop of 500 coins to interested businesses, and an ultimate goal of sending 50,000 coins. Iceland attempted something similar last month with the airdrop of their own national altcoin Auroracoin. However, it suffered a 51% attack and the ledger was forked into multiple versions, essentially rendering the cryptocurrency valueless.
Cyprus police issued a warrant for the arrest of Neo & Bee CEO Danny Brewster on Friday, formally charging him with fraud in his failure to deliver £70,000 worth of Bitcoins to investors, as well as his employees, many of whom were never paid for March.
Money & Tech’s Perianne Boring attended the recent Inside Bitcoins New York conference and we’ll be bringing you her interviews from that event later this week. But in the meantime, enjoy a recap of our previous event coverage from CoinSummit, available here shortly.
submitted by moneyandtech to Bitcoin [link] [comments]

4/15/14 Video News - China false alarm, Charlie Shrem indicted, Danny Brewster Responds & Gyft loses Walmart

Video: http://www.moneyandtech.com/apr15-news-update/
Here are today's top news stories in Money & Tech:
Today's rumored deadline for a China crackdown has resulted in no official word from the People's Bank of China. As promised, BTC China continues to run business as usual, implementing a new deposit voucher system and software that turns any smartphone into a ‘walking bitcoin ATM’, which they are calling the ‘Picasso ATM‘. Picasso users will be able to trade bitcoins for any fiat currency, besides send and receive bitcoins like a normal wallet, meanwhile keeping them stored either on BTC China's exchange or in their secure Picasso wallet.
Australia's first bitcoin ATM was unveiled Tuesday morning inside a Westfield mall in central Sydney. The launch comes a week after the National Australia Bank announced it would close vendor accounts involved in bitcoin trade. ATM company ABA Technologies CEO Chris Guzowski remains confident nonetheless, saying "We're very confident that they'll see the prospect of this technology, and we really want to work with them to grow."
Following unsuccessful plea talks, prominent bitcoin entrepreneur and former Bitcoin Foundation vice chairman Charlie Shrem, has been formally indicted by a federal grand jury in New York. Shrem faces charges involving allegedly laundering money to users of anonymous online marketplace the Silk Road. His arraignment is expected to take place on April 29th.
Neo & Bee CEO Danny Brewster broke his silence on Reddit to address rumors, saying the fraud charges are his greatest concern. Brewster went on to claim that the bitcoins he is holding on behalf of depositors are still safe, and that he has tried to contact the Cyprus Police Criminal Investigation Department for days with no answer, but would be happy to work with them to return those bitcoins to their rightful owners.
Mobile gift card provider Gyft announced Monday that it is no longer able to offer customers gift cards for Walmart, and have had to remove them from their list of participating retailers due to circumstances beyond their control. CEO Vinny Lingham reassured that they are doing everything they can to bring Walmart back, encouraging disappointed users to email the US retail giant themselves and quote ”let them know how you feel about it.”
Facebook is reportedly just weeks away from obtaining regulatory approval from the Central Bank of Ireland to start a service that would let Facebook users store, exchange and pay money to others via the site. The social media company may also be in deal discussions with a few mobile and online international money transfer startups. As a Financial Times source reported, "Facebook wants to become a utility in the developing world, and remittances are a gateway drug to financial inclusion."
Since today is also tax day for our US viewers, we will be sharing an interview with Jake Benson, CEO and co-founder of Libra Tax, to help answer your questions about how to file your bitcoin taxes. Find that video here shortly.
submitted by moneyandtech to Bitcoin [link] [comments]

Rick Santelli Discusses The Possibility of Bitcoin ATMs In ... Danny Brewster of Neo at The 2013 Bitcoin Europe Conference LMB Holdings on the NEO and BEE Bitcoin Bank in Cyprus Hack Blockchain wallet 2020 Lotte kauft ETH am Automaten (ATM)

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Rick Santelli Discusses The Possibility of Bitcoin ATMs In ...

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