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#CryptoCorner: #Ethereum Classic Rallies Ahead of #Coinbase Support, Coinbase Acquires Distributed Systems, South Korea to Budget Nearly $1 Billion for #Blockchain and AI Investment in 2019, Thailand Approves 7 Crypto Businesses and ZB.com to Open Malta Office

August 16 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 16, 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.

Listen to today's Crypto Corner Podcast:

http://www.investorideas.com/Audio/Podcasts/2018/081618-CryptoMarket.mp3

#Ethereum Classic Rallies Ahead of #Coinbase Support, Coinbase Acquires Distributed Systems, South Korea to Budget Nearly $1 Billion for #Blockchain and AI Investment in 2019, Thailand Approves 7 Crypto Businesses

Ethereum Classic (ETC) has seen nearly 16 percent growth in the past 24 hours, according to data from CoinMarketCap, as it gears up to see support on crypto exchange giant Coinbase later today. Coinbase announced, via Twitter, that Ethereum Classic, at press time trading at $14.00 USD, will be available to buy, sell and store as of 5PM PT today.

Coinbase has also recently acquired Distributed Systems, Inc., a San Francisco-based startup working on “decentralized identity solutions”, according to a blog post yesterday. The post was written by Coinbase Identity Project Manager B Byrne, who highlighted the importance of identity and privacy and their association with blockchain technology.

“We believe decentralized identity systems represent a transformative shift in our relationship with technology, and we can’t wait to work on these opportunities together at Coinbase.”

South Korea’s Ministry of Economy and Finance published their ‘Growth Through Innovation’ budget plan on Tuesday, which will see 5 trillion won ($4.4 billion USD) invested in eight sectors in 2019. One of these sectors is blockchain and AI, which will see an investment of 1040 won ($918 million) in 2019, up from 579.9 billion won ($511 million) in 2018.

In a statement today, Thailand’s Securities and Exchange Commission (SEC) announced approval of seven digital asset applicants that can operate legally as crypto businesses. The statement lists the following exchanges that have been approved: Bitcoin Company Ltd. (BX), Bitkub, Cash2Coins, TDAX and Coin Asset Co. The statement also lists two crypto dealers: Coins TH Co, Ltd. and Digital Coin Co, Ltd.

ZB.com, the fifth largest crypto exchange by trading volume according to CoinMarketCap, has announced plans to open an office in Malta, according to CCN Joining the likes of Binance and OKEx, ZB.com’s co-founder Jimmy Zhao explained the appeal of Malta:

"Malta is perhaps the world’s most progressive and forward-thinking nation in DLT, crypto, and fintech, and we are very excited to be part of the Blockchain Island. We are confident we will be able to announce our live operations soon."

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Crypto Corner

Sam Mowers, Investorideas

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Crypto Corner Sponsors:

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