#CryptoCorner: Singapore VC Firm Announces $10 Million #Crypto Investment Fund, #Binance Reveals Demo of Decentralized Exchange, Indian Gov't Looks at #Crypto Token Acceptance, Chilean Exchange Partner with Payments Platform to Allow Over 5000 Merchant Transactions and #DISH Now Accepting #Bitcoin Cash
August 10th #CryptoCorner and Podcast sponsored by Crypto payment tech, #Flip @FlipToPay ($NXTD) and #AI, #IoT, #Blockchain, #Crypto Technology Company Gopher Protocol (OTCQB: $GOPH), GBT a powerful #cryptocurrency centralized / decentralized exchange
Point Roberts, WA and Delta, BC - August 10, 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, now available in podcast.
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#CryptoCorner: Singapore VC Firm Announces $10 Million Crypto Investment Fund, Binance Reveals Demo of Decentralized Exchange, Indian Gov't Looks at Crypto Token Acceptance, Chilean Exchange Partner with Payments Platform to Allow Over 5000 Merchant Transactions and DISH Now Accepting Bitcoin Cash
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Singapore VC Firm Announces $10 Million Crypto Investment Fund, Binance Reveals Demo of Decentralized Exchange, Indian Gov't Looks at Crypto Token Acceptance, Chilean Exchange Partner with Payments Platform to Allow Over 5000 Merchant Transactions and DISH Now Accepting Bitcoin Cash
Reuters reports that Golden Gate Ventures, a Singapore-based venture capital firm, announced today that it will launch a $10 million crypto and blockchain investment fund. The fund will be called LuneX Ventures and will be used to invest in startups ranging from crypto exchanges to security providers around the world.
Yesterday Binance CEO Changpeng Zhao revealed the first look at the company's planned decentralized exchange (DEX) via Youtube. The Binance Chain was first announced back in March. The video takes users through a brief demo of the early stage project. Zhao commented on the significance of what the team had accomplished, while admitting that much work was still needed.
"So, as you guys saw, that's a very casual and early demo for the Binance Chain," he said. "There's still a ton of work to be done to turn it into a final product, and the team is working on it very aggressively. Nevertheless I think this is a major milestone for Binance Chain."
The Indian government is looking into the acceptance of crypto tokens even if cryptocurrencies remain banned, local outlet DNA India reports today. A committee formed by the finance ministry and chaired by the Department of Economic Affairs (DEA) secretary, Subhash Chandra Garg, distinguished tokens as merely representing fiat money, whereas cryptocurrencies claim to be money. A senior official in the ministry said:
"The committee is examining if crypto tokens can be used to replace smart cards such as metro cards in the public sector to start with. Similarly, in the private sector, it can be used in loyalty programmes such as air miles where its use is limited to buying the next ticket and can't be converted into money."
Chilean crypto exchange Crypto MKT has partnered with Flow.cl, an online payments platform, to allow crypto transactions in more than 5000 merchants, according to a recent announcement. The joint platform, CryptoCompra.com, is available in Chile, Argentina, Brazil and Europe, and allows transactions in Bitcoin (BTC), Ethereum (ETH) and Stellar (XLM).
Pay-TV provider DISH, which began accepting Bitcoin payments in 2014, announced yesterday that it will now accept Bitcoin Cash (BCH) as well. DISH also announced that they would be using the largest global blockchain payments provider, BitPay, for crypto transactions. The company's executive vice president and chief operating officer, John Swieringa, commented on the announcement:
"We've added Bitcoin Cash just as we chose to accept Bitcoin to serve customers who have adopted a new way of doing business. We have a steady volume of customers paying with cryptocurrency each month, and BitPay will allow us to continue offering more choice and convenience to our customers."
Sam Mowers, Investorideas
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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/
Gopher Protocol Inc. (OTCQB: GOPH) is a development-stage company which consider itself a Native IoT creator, developing Internet of Things (IoT) and Artificial Intelligence enabled mobile technology. Gopher's exclusive licensor filed a non-provisional patent covering a proprietary GRC Blockchain-Based Radio Generated Digital Currency on June 19, 2018. Additionally Gopher's Avant! AI technology has been designed to supervise the Blockchain System to keep records of all data exchanges. The AI system will be embedded as an integral part of Gopher's digital coin Blockchain system.
For more info on Gopher and its technologies visit http://gopherprotocol.com/
GBT is a powerful cryptocurrency centralized / decentralized exchange which will include a broad range of services and benefits from cryptocurrency and blockchain markets development, while avoiding complications and risks arising from crytocurrency ownership, transfer, and exchange.
The powerful GBTDesk aggregator ensuring exchange of cryptocurrencies for fiat currencies under smart contracts without intermediaries is a key element of GBT.
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