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6 Stunning new co-working spaces around the globe

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VOLUM (VLM) Announces Commencement of Token Generation Event

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ESTONIA, May 4, 2019 – VOLUM (the “Company”), a multi-dimensional blockchain technology holding company, is thrilled to announce the commencement of the Volum (VLM) Token Generation Event (“TGE”) beginning on Saturday, May 4. The VLM utility token is the native cryptocurrency powering the VOLUM supply chain and logistics management platform.

Driven by algorithmically intelligent software tailored to logistics and supply chain management, along with Internet-of-Things (“IoT”) integrated functionality, and a backbone of hybrid public and consortium blockchain architecture, the platform is organized around the Volum (VLM) token. The VOLUM TGE will be managed by deploying ERC20 tokens on Ethereum Mainnet to maximize future access to cryptocurrency exchanges.

The VOLUM platform operates as a comprehensive control center for supply chain and logistics management operations. Companies who use this platform will be able to carry out a wide range of blockchain transactions including: Payments, Rewards, Purchase Orders, Legal Contracts, Regulatory Compliance, Taxation, Shipment Management, Letters of Origin, Customs Documents, Inputs/Outputs and Inventory Ordering, Delivery/Parcel Tracking, IoT Monitoring and Reporting, Big Data Analytics, and Inputs and End-Product Tracking/Traceability.

“The total addressable market for a blockchain-based supply chain solution is nearly $54 trillion globally, with the majority of the world’s workers playing some part of this equation” noted Arnaldo A. Detrés, CEO of Bengala Technologies, LLC, the principle blockchain developer working to build the VOLUM platform. “However, blockchain solutions have been unable to…

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Alleged BTC-E CEO Claims Innocence Following Arrest

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Alleged BTC-e CEO Alexander Vinnik maintains his innocence following his arrest for laundering more than $4 billion in bitcoin, as well as several other crimes.

Vinnik, a Russian national, was arrested in July while vacationing in Greece. Despite his protestations that he should stand trial in Russia, a U.S. grand jury has indicted him on 21 counts, most notably for laundering the funds stolen from Mt. Gox. If convicted, he could face up to 20 years in federal prison.

In a recent Russian-language interview with news outlet Russia Today, Vinnik maintained his innocence. As he explained:

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The Slippening: Ethereum, Bitcoin Prices in Free Fall

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As CCN reported, official Shanghai media source Yicai Global alleged that the Shanghai Financial Office has “verbally halted” bitcoin exchanges from operating within the city. Shortly after, Shanghai-based bitcoin exchange BTCC announced it is suspending trading effective at the end of September, although it cited last week’s initial coin offering ban as the reason for its trading platform closure.

Also this morning, China Internet Finance Association (NIFA) member Zero One Finance published a newsletter claiming that a government regulator had “asked the major currency exchanges to close the program,” according to a rough translation. Although the closures might not take effect for several months, the regulator stated that “Banning Bitcoin exchange is certain.”

As of writing, regional cryptocurrency news service cnLedger was reporting that OKCoin and Huobi had not received closure notices from regulators.
The Slippening: Market Plunges Below $120 Billion

These events sent the cryptocurrency markets into free fall. Less than a week ago, the total value of cryptocurrencies was above $160 billion. The markets declined throughout the week as the rumor mill grew, eventually resting at $135 billion on Wednesday.

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