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Bcause Announces Board Election Results for Full-Stack Cryptocurrency Ecosystem

Traders Magazine Online News, February 2, 2018

John D'Antona Jr.

Bcause LLC, creator of the world’s first full-stack cryptocurrency ecosystem, announced the results of its Board of Managers and Chairman elections certified at its Board meeting last night.  Members of the Board of Managers elected Karan Rai as the new Chairman of the Board.  Shareholders of the privately held company elected five new directors – including three highly accomplished financial industry veterans specializing in futures, clearing, and securities and derivatives law and compliance; a cryptocurrency expert from the firm’s lead investor, and one of the company’s founders.

Fred Grede, Bcause CEO, said: “We have been steadily assembling a world-class team to help us implement our vision of providing a full ecosystem of quality cryptocurrency offerings – from digital ‘mining’ and spot, to derivatives and clearing.  This election ensures that we have on our Board and team many of the leading minds not only in cryptocurrency, cybersecurity, infrastructure and technology, but also in finance and derivatives.  We’re honored to benefit from the advice, counsel and direction of our newest Board members.”

Karan Rai is founder and CEO of ASGARD Partners & Co., a New York based investment and advisory firm. He has served on the Board of Bcause since September 2016 and has been affiliated with the company since 2013.  He was previously CEO of Theodor Wille Intertrade Inc. and President of ADS Inc. Prior to that Rai was with JPMorgan’s investment banking practice in New York. He was appointed in August to the Wall Street Journal’s CEO Council.

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