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Led by CEO and venture capitalist Chad Cascarilla, itBit is a bitcoin exchange and OTC trading operation focused on high net worth clients and institutions, which also became a regulated trust company. It recently announced that it is working on Bankchain, a private member-controlled block chain-based platform for securities settlement. CEO Naveed Sherwani said that the company plans on releasing a range of products that take advantage of the possible uses for the block chain, calling the block chain “the true innovation” of bitcoin. Since its formation two months ago, PeerNova has emerged on the global bitcoin stage as a leading voice. CEO Naveed Sherwani said that the company plans on releasing a range of products that take advantage of the possible uses for the block chain, calling the block chain “the true innovation” of ... Then in 2008, Satoshi Nakamoto published “Bitcoin: A Peer-to-Peer Electronic Cash System,” which used the first distributed blockchain to solve the double-spend problem that had plagued digital currencies. Launched as the bitcoin open source cryptocurrency in 2009, it became a real-world blockchain proof of concept. The combined company will have two distinct divisions, according to Abiodun, who will become president of the merged organization, with HighBitcoin’s Naveed Sherwani serving as CEO.

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