#CryptoCorner: #Huobi to Launch Public #Blockchain, South African Central Bank Claims Successful Blockchain-based Payment Trial and #Binance Invests in #Esports Platform
Point Roberts, WA and Delta, BC - June 6, 2018 (Investorideas.com Newswire) Investorideas.com, a leader in crypto and blockchain investing news reports on what's driving the cryptocurrency markets with today's edition of Crypto Corner.
Crypto Corner - June 6, 2018
Huobi to Launch Public Blockchain, South African Central Bank Claims Successful Blockchain-based Payment Trial and Binance Invests in Esports Platform
Crypto exchange Huobi, has today announced the launch of its Huobi Chain Project (HCP). To kickstart the project, the company has created the Huobi Chain Superhero Champion Project (HCSCP), which "will incentivize the community to participate in building the Huobi public chain from the ground up." Huobi has devoted 30 million Huobi Tokens (HT), or about $160 million USD, as an initial investment for the project.
"We firmly believe in a decentralized future, and the main goal of the Huobi Chain project is to transform a centralized corporation to a decentralized one that's run by the community," said Leon Li, founder, and CEO of Huobi Group. "Our dream is for Huobi to run on the public blockchain and become a truly decentralized autonomous organization."
The South African Reserve Bank (SARB) has published the results of its proof-of-concept trial of distributed ledger technology (DLT) based wholesale payment system, Project Khokha. The statement indicated that in the trial, average daily payment processing time was brought down to under two hours with "full confidentiality".
"The results show that the typical daily volume of the South African payments system could be processed in less than two hours with full confidentiality of transactions and settlement finality. Transactions were processed within two seconds, across a network of geographically distributed nodes, with distributed consensus providing the requisite resilience. The SARB was able to view the detail of all the transactions to allow for regulatory oversight."
Binance, the world's largest crypto exchange, is investing in Malta-based chiliZ, "a platform that allows both esports and sports entities to tokenize their voting rights to their fan bases," according to a press release yesterday. The statement indicates that both companies will collaborate to "develop a fan-driven token ecosystem for traditional sports teams".
Alexandre Dreyfus, CEO of chiliZ, said: "Binance's significant investment in chiliZ will boost our current private placement offering and help us to move faster. Their support will help us deliver our vision globally, increase our visibility in the blockchain ecosystem and empower our technical vision. I'm also excited that Binance is setting-up in Malta, where we will be able to share resources, enabling a more strategic partnership."
Sam Mowers, Investorideas
Get the Crypto Corner News by email Get Crypto Corner News
Crypto Corner Sponsors:
Flip™ is the creation of Fit Pay, Inc., a leading provider of cutting edge payment technology and a subsidiary of NXT-ID (NASDAQ: NXTD). By leveraging the FitPay Payment Platform™, Flip enables cryptocurrency holders to seamlessly exchange their cryptocurrency for US dollars and store that value on a contactless payment device that can be used to make purchases at millions of retail locations. https://www.fliptopay.com/
View our growing Bitcoin, Blockchain and Digital Currency Stocks Directory
Join our LinkedIn Group Blockchain and Digital Currency Stocks and ICO's - Latest News and Commentary https://www.linkedin.com/groups/13560073
Disclaimer/Disclosure: Investorideas.com is a digital publisher of third party sourced news, articles and equity research as well as creates original content, including video, interviews and articles. Original content created by investorideas is protected by copyright laws other than syndication rights. Our site does not make recommendations for purchases or sale of stocks, services or products. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. All investment involves risk and possible loss of investment. This site is currently compensated for news publication and distribution, social media and marketing, content creation and more. Contact each company directly regarding content and press release questions. Disclosure is posted for each compensated news release, content published /created if required but otherwise the news was not compensated for and was published for the sole interest of our readers and followers. More disclaimer info: http://www.investorideas.com/About/Disclaimer.asp. Disclosure: this newsletter is sponsored content by featured companies NXt-ID (NASDAQ: NXTD) on behalf of Flip and GoverMedia Plus Canada Corp. (CSE: MPLS). More info: http://www.investorideas.com/About/News/Clientspecifics.asp
Investorideas.com news content is not meant to be a solicitation to buy or sell cryptocurrencies and Investorideas.com does not directly sell cryptocurrencies; but acts as a news and research resource for interested investors following the blockchain sector.