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How AENCO Is Transforming The Healthtech Industry With Blockchain Technology

Health, being the single most important factor to good living, is at the top priority of every nation. Throughout the world, different government and private organizations are involved in the healthcare industry. With one medicine, from its planning to research, from development to approval and delivery to patients, a number of institutions are involved. All of them require capital to operate. Most organizations are well established, but it is the emerging and innovative health companies that are cash-strapped and require the most funds to continue operating and doing their research. AENCO, The Funding Solution AENCO is a decentralized platform that caters for these new and upcoming healthcare technology companies that show potential in their products. As a blockchain based global financing platform with a team that has decades of traditional financing experience, AENCO leverages healthcare technology companies with institutional financing, brokerage and smart capital solutions. AENCO envisions providing the best of financing to emerging Healthtech companies by using the power of blockchain and decentralized applications based on it to deliver funds. This way, the platform taps into a level of funds that are easier to raise, have little cost and lead to the generation of an increasing and rapidly growing ecosystem. How AENCO Works The AENCO platform works by creating three different and unique levels in its ecosystem: Global Community: This consists of users and participants of the platform. People, from end users of the platform, to investors would opt into the ecosystem through acquiring their propriety AEN token. AENCO Global Healthtech Financial Solutions: Consisting of three distinct applications, ranging from blockchain bank, brokerage and smart capital, this would use funds raised from the AEN tokens to generate capital for healthcare technology companies willing to work with AENCO. Healthtech Partners And Future Projects: Health technology companies would bank on the capital raising abilities of AENCO to fund their projects. These range from therapeutic to physical infrastructure to data analysis. Overall, the ecosystem would create opportunities for all, from investors to earn profits from technology development and sale, to emerging organizations to get cheaper and faster access to funds for their research and development. AENCO: Conception And History AENCO is the brainchild of Ian Huen and Darren Lui. Both are multi-talented with a wealth of experiences in their respective fields. Ian Huen has over 15 years of experience in managing assets at a global level. He has worked with the top institutional capital firms from around the world. In his career, he has been on board of a medical development foundation and as such, has gained valuable insight on raising funds for medical organizations. His education includes MA in comparative and public history, AB economics and CFA charter holder. Darren Lui, the other co-founder, is a man who has experiences in developing emerging companies, from financial investors to biotech and has worked with few of the top banks in the world, such as Barclays. Like his co-founder Ian, he is also a CFA and holds a chartered accounting degree, along with honors BSc in biotechnology. Seeing the rise of blockchain and its impact on the financial and other industries, the two founders decided to develop a platform based on decentralization that would help in raising funds for emerging healthcare technology companies. The AENCO Token and ICO AENCO, based on Ethereum blockchain, uses its proprietary, native token as a medium of exchange, called the AEN. The token will be used by the community participants to transact on the platform and invest in new projects. Out of the total 2 billion AEN tokens ever to be minted, 600 million are available on sale. The pre-sale is live at the moment, with a price of USD 0.10 and carries different levels of bonuses, depending upon the level of investment made. Investing in AENCO With the presale running at the moment, this is a good time to invest in the AEN coin. With the presale ending soon, not only will the amount of bonus be reduced, but the selling price will also go up. The AEN token has a lot of promise to create its demand and increase in value over time. As more and more people will join the platform, investors and healthcare companies, the result will be more liquidity and capital for the Healthtech companies. This will result in more research in healthcare, creating more demand of the token, since it will be the only mode of investing on the platform. The resultant difference in supply and demand will result in an increase in the value of the token. Investment in a volatile asset like cryptocurrencies is highly speculative. Like all investments, the future is indeterminate. Invest after a thorough self-study and only the amount you are willing to lose. Visit the website for more information: The post How AENCO Is Transforming The Healthtech Industry With Blockchain Technology appeared first on TechBullion.

3 Reasons Why Investors Should Keep An Eye on Aenco, A Financial Solutions Ecosystem for HealthTech

Investors have to keep their head on a swivel all the time nowadays. Innovative and disruptive technologiesare finding their way into a variety of new industries and nobody wants to miss the next Facebook, AirBnB, or Google to invest in. Disclaimer: This is a Sponsored Article Because of that, investors need to keep a careful eye on all sectors of the economy, not just tech startups and app development. Aenco (, a new blockchain-based startup, is developing a new multi-dimensional blockchain fuelled by its AEN token to cater for a diverse number of business sectors to build customisable blockchain applications, in particular, breaking into two emerging industries (amongst many others): medical technology and financial solutions. Aenco has a close focus on real life business and research applications and is already planning the launch of a number of follow on projects to drive its adoption in the market. Here are 3 reasons investors should keep a close eye on this latest startup. 1. Industry Ripe for Disruption The healthcare technology industry alone is estimated to be a roughly $400 billion industry globally per year. With a market of that size, many innovators in the healthcare sector are catching up in their pursuit of using blockchain applications to support their business lines growth and enterprise value. This is evident from the emerging medical data based blockchain companies coming onto the market since 2017. Unlike other tech-related industries that have undergone major disruptions in recent years, the healthcare and medical technology industry has remained largely untouched. The sharing economy and crowdfunding have taken over other areas of the economy (think Kickstarter, GoFundMe, Uber, Lyft, AirBnB, etc.) but the healthcare and medical technology industry is now becoming increasingly active in using blockchain. For the time being, this massive industry is mainly centered out of the United States and Western Europe. However, the industry is looking to leaders in emerging markets that are likely to take on a larger role in the future, especially from Asia. The Asian market is growing so much that McKinsey & Company projects that Asia will move to be the second largest medical technology market in the world by 2022. With all the capital in the healthcare technology field and future growth of the industry, this is one are that investors need to watch for innovators and disruptors. At this point, it’s only a matter of time. Aenco intends to tap into the market by bring together many deep-techaspects of the healthcare and medical technology sector onto its blockchain. According to Aenco spokesperson, they are working on a number of projects (which will soon be announced by the company in further detail) including the exchange of research data via their blockchain to disrupt the research market and also working on a (Aenco) blockchain driven drug development platform with a major pharmaceutical company for example. Each of these projects has already signed up to using Aenco Blockchain to power their underlying transactions, as well as launching their respective token offerings on the Aenco solutions platform. 2. One Stop Shop If there’s one thing retailers and other businesses can learn from the ongoing retail war between Amazon and Wal Mart, it’s that many of the most successful businesses offer everything in one place. Amazon has been focusing on introducing food to compete with the retail powerhouse and Wal Mart has been responding with tactics of their own. Both companies continue to offer more products and services in one place because the model has proven to work well: make the user experience easier and streamline it. Though not in the traditional retail sense, Aenco is focusing on streamlining more complicated industries by bringing them together under one end-to-end umbrella. Support by its blockchain, Aenco is also developing a number of financial applications: smart wallet (AEN Connect), ICO launcher platform, crypto exchange (AENX), collateralised crypto-lending platform (Prime) and OTC product generation platform (SmartCap), over the course of 2018 – 2019. The suite of blockchain applications will fully support a wide range of industries, in particular, delivering a number of high-impact healthtech projects sponsored by Aenco. In this respect, Aenco will shortly be announcing its collaboration with a healthcare real estate fund to construct healthcare and life science incubators across North America to facilitate research collaboration and intellectual property exchange. 3. Blockchain Technology Speaking of disruptions, blockchain technology has easily been one of the most talked about technological innovations across various industries recently. Robert D. Boroujerdi, an analyst with Goldman Sachs has described blockchain as one of the most disruptive technologies, saying: “[Blockchain] has the potential to redefine transactions and the back office of a multitude of different industries. From banking and payments to notaries to voting systems to vehicle registrations to wire fees to gun checks to academic records to trade settlement to cataloguing ownership of works of art, a distributed shared ledger has the potential to make interactions quicker, less-expensive and safer.” With companies of every size looking to roll out new, innovative solutions for problems with blockchain technology, this is another reason to watch out for Aenco. Aenco’s blockchain will support a new consensus algorithm to allow public mining on a permissioned chain, whilst maintaining industry competitive transaction speeds. It also plans to tackle “data clogging” issues that plagued a number of existing major blockchain platforms through novel algorithms. Aenco blockchain will also support API gateways that allow businesses to build customisable applications and side-chains to support their goals. Additionally, in being supported by its own blockchain, the ecosystem will be able to drive different kinds of applications in the future across the industry. Blockchain is already being implemented for solutions in supply chain management and secure data storage —these solutions can now be expanded to include the financing of emerging technologies (such as healthtech) and the way in which these companies develop their business ecosystems. The Takeaway Aenco has positioned itself uniquely with its multi-dimensional approach supported by its core expertise, investors should keep a close eye on this opportunity. By strategically placing itself at the corner of two major industries ripe for disruption—financial technology (fintech) and healthcare technology (healthtech)—Aenco is in a good position tousher in the next generation of ‘new economy.’ About Aenco AENCO is an emerging blockchain company, focusing on blockchain application development, with a sub-sector focus in financial solutions industry and healthcare technology industry. Aenco blockchain will bring together an end-to-end platform housing its IB, smartcap, prime solutions and blockchain application capabilities. The company targets to create an exciting environment and growth story through the disruption of traditional economic markets and complete integration across healthcare technologies with blockchain, digital finance and research collaboration models. Contact Website: Telegram: LinkedIn: Medium: Twitter: Facebook: Discord: YouTube: DISCLAIMER This article does not constitute a prospectus or offering document and is not an offer to sell, nor the solicitation of an offer to buy any investment or financial instrument in any jurisdiction. No regulatory authority has examined or approved any of the information set out in this article. No such action has been or will be taken under the laws, regulatory requirements or rules of any jurisdiction. This article contains forward-looking statements related to Aenco’s proposed operating model. The model speaks to its objectives only, and is not a forecast, projection or prediction of future results of operations. This article contains forward-looking statements which are based on certain assumptions and analysis made by Aenco in light of its experience and perception of historical trends, current conditions and expected future developments and other factors it believes are appropriate, and are subject to risks and uncertainties.
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Bakkt Official Launch Date, Ethereum Upgrade, Coinbase Bank & Is Everyone Ready?

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CME Futures CRUSHED Bitcoin... Will Bakkt do the Opposite?

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Here’s Why Bakkt Launch Is a Blessing For Bitcoin Holders

Yesterday’s big announcement that regulatory approval has been granted to Bakkt could be the best news bitcoin investors have had this year. It opens the door to the institutional investors and is a huge step forward for crypto industry legitimization in the US. Bakkt To Launch Next Month After months of procrastination, the new cryptocurrency trading platform launched by the Intercontinental Exchange (ICE) has finally been given the green light. The news that the Commodity Futures Trading Commission (CFTC), and the New York State Department of Financial Services, has granted regulatory approval broke late yesterday as reported by Bitcoinist. The concept of physically delivered bitcoin futures will require investors to either produce actual BTC or take delivery in them from their respective exchanges and platforms. Crypto trader at TexasWest Capital, Scott Melker, who also goes by the twitter handle ‘Wolf of All Streets’ stated the news was ‘arguably the most bullish event for institutional investors in the history of bitcoin’. The @Bakkt news is arguably the most bullish event for institutional investors in the history of bitcoin. PHYSICALLY delivered futures (require the holder to either produce actual bitcoin or take delivery from the exchange) backed by the New York Stock Exchange. We are maturing. — The Wolf Of All Streets (@scottmelker) August 16, 2019 Being backed by the New York Stock Exchange has granted bitcoin a level of legitimization never seen before. Investors will get the opportunity to trade in daily and monthly physical bitcoin futures contracts which is likely to lead to greater mainstream adoption. Bakkt is also planning to onboard a number of commercial retailers such as Starbucks which will provide an easier way for people to make purchases using bitcoin and other crypto assets. General Counsel for Compound Finance, Jake Chervinsky, was equally bullish on the Bakkt news stating that: “It offers a way for large, risk-averse institutions to buy and custody bitcoin through an end-to-end regulated system approved by the CFTC and NYDFS, and backed by the sterling reputation of ICE. Compliance lawyers rejoice!” The former litigator also noted that there is still a long way to go since there is still the SEC to contend with. When questioned on the possibility of big investors trying to short bitcoin he added; “Short sellers betting against a commodity probably don’t want to hold the underlying, so shorting via physically-delivered futures is more for entities that are net long (like miners) and want to hedge.” Fintech Business Analyst going by the twitter handle ‘Mr. Gordon’ was equally bullish on Bakkt; “This must be what it feels like to win the lottery!  The confirmation of the launch of #Bakkt changes EVERYTHING… Those of us who have been investing in crytpo for the last couple of years now have some very serious decisions to make…” This must be what it feels like to win the lottery! The confirmation of the launch of #Bakkt changes EVERYTHING.. Those of us who have been investing in crytpo for the last couple of years now have some very serious decisions to make….. Like which colour to get — Mr Gordon (@MrGordon_UK) August 16, 2019 Picking a Lambo color is probably a little presumptuous at the moment. Bitcoin price did not even react to the announcement as markets remain choppy this morning. BTC is still consolidating in the mid-$10k range after two dips into four-figure territory late in the week but the long term prospects have just brightened significantly. Will Bakkt send Bitcoin price to a new all-time high later this year? Add your thoughts below. Images via Bitcoinist Image Library, Twitter: @scottmelker, @MrGordon_UK The post Here’s Why Bakkt Launch Is a Blessing For Bitcoin Holders appeared first on

Bakkt launch bears good news for Bitcoin’s price and regulation

One of the biggest news last year was the announcement made by the New York Stock Exchange’s parent company, Intercontinental Exchange. In August 2018, The firm announced that it would be venturing into the cryptocurrency space with the launch of a new company – Bakkt. This turned out to be an extremely bullish news in […] The post Bakkt launch bears good news for Bitcoin’s price and regulation appeared first on AMBCrypto.

Bakkt’s Gets Nod for Physically Delivered Bitcoin Futures Approved from CFTC

The Commodities Futures Trading Commission (CFTC) has greenlighted the physically delivered Bitcoin futures product by Bakkt. Company CEO confirmed the news and said that the derivatives product would debut on September 23. Bakkt will be the first to debut physical BTC futures Kelly Loeffler, CEO of Bakkt recently announced that the startup had won approval from the US CFTC to start offering physically settled Bitcoin futures contracts. Bakkt is backed Intercontinental Exchange, and Loeffler is married to Jeff Sprecher, the CEO of ICE. With this approval, Bakkt will become the first company to launch the physical BTC futures. The products will debut on the market on September 23, and all contracts will be cleared by ICE Clear US, the same service that clears trades for NYSE. Loeffler gave a lengthy statement on the product suggest that Bakkt’s product received CFTC approval after a self-certification process. They have also started user acceptance testing. The Bitcoins backing the futures contracts will be under the custody of Bakkt Warehouse. Bakkt Trust Company, a qualified custodian, has also received approval from the New York State Department of Finance Services. She said, “This offers customers unprecedented regulatory clarity and security alongside a regulated, globally accessible exchange in a market underserved by institutional-grade infrastructure.” Bakkt wins the race The ICE-backed startup is not the only company eyeing the lucrative physically-settled Bitcoin futures sector. Numerous other companies like LedgerX are planning to bring the same opportunity to the market. LedgerX could have become the first company to launch these products as it received approval for offering futures, options and swaps settled in Bitcoin by the CFTC. However, the regulator says that the company lacks adequate approvals for launching the physical futures product. Meanwhile, Bakkt has decided to offer two types of futures contracts- daily and monthly. The collection of variation margin and initial margin collateral will be done by ICE Clear US. Product testing began last month to ensure that there are no hiccups when it eventually launches for the buyers. The qualified custodian of Bakkt will help in addressing concerns of the regulator related to manipulation and theft. Note that the company acquired Digital Asset Custody Company (DACC) earlier this year to win the New York regulator’s approval to become a qualified custodian. The company has also decided to pay $35 million for hedging against risks. Loeffler says that doing so will help bring safety for market participants and bring more integrity to this sector. The post Bakkt’s Gets Nod for Physically Delivered Bitcoin Futures Approved from CFTC appeared first on - Daily Cryptocurrency and FX News.
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