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#CryptoCorner: #Yale Invests in #Crypto Fund Paradigm, Circle Launches 'Collections' Grouping Assets by Theme, Spanish Port of Valencia to Implement #Blockchain and Big Data for 'Smart Port'

October 5th #CryptoCorner and Podcast sponsored by Crypto payment tech, #Flip @FlipToPay ($NXTD) and Genesis Exchange and Wallet App

 

Point Roberts, WA and Delta, BC - October 5, 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: #Yale Invests in #Crypto Fund Paradigm, Circle Launches 'Collections' Grouping Assets by Theme, Spanish Port of Valencia to Implement #Blockchain and Big Data for 'Smart Port'

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Crypto Corner

Yale Invests in Crypto Fund Paradigm, Circle Launches 'Collections' Grouping Assets by Theme, Spanish Port of Valencia to Implement Blockchain and Big Data for 'Smart Port' and Seoul Mayor Announces Five-Year Blockchain Investment Plan

As we enter the weekend the total market cap is holding steady at $219 billion USD, according to CoinMarketCap. Bitcoin (BTC), the flagship cryptocurrency, is trading at just under $6600 USD, while the second and third biggest coins Ether (ETH) and XRP are going for $224 USD and $0.52 USD, respectively.

Bloomberg reports that Yale University was involved in the funding of a new cryptocurrency fund. The fund is called Paradigm, and was started by Coinbase co-founder Fred Ehrsam former Sequoia Capital partner Matt Huang, and Charles Noyes, an ex-employee of crypto fund Pantera Capital. An unnamed source told the publication that Yale's involvement helped raise $400 million USD for the fund. Noyes told Bloomberg in June that Paradigm will invest in early-stage projects focused on cryptocurrencies, new blockchains and exchanges.

Following the success of their 'Buy the Market' app launched in May, which allows users to invest in all of their listed coins in one shot, Circle is now offering 'Collections', which enable users to buy differently grouped themes of assets. The three collections available are 'Payments', 'Projects' and 'Privacy'. Each of the collections weight their respective assets by market cap and users are able to educate themselves using in-product content.

The Spanish port of València, one of the country's most significant ports, will implement blockchain and big data to create a 'smart port' according to an official release on Wednesday. Jose Garcia De La Guia, the head of new technologies of the Port Authority of València, revealed the plans at the Smart Ports & Supply Chain Technologies conference held in Rotterdam in the past week. Loosely translated:

"...we raised the use of the blockchain as a strategic option to give visibility, end to end, of the logistics chain; going even beyond our PCS [Port Community Systems]. That is, we contemplate giving service to both the companies that are incorporated into our Port Community Systems and those that do not and we will achieve this with technologies in the "cloud" exposed to the need for permanent adaptation to change ".

South Korea's Yonhap News reports that Seoul Mayor Park Won-soon revealed a five-year plan to promote the growth of blockchain-based industries at a conference in Zug, Switzerland yesterday. Park said Seoul would commit 60.3 billion won ($53.2 million USD) by 2021 to building two business complexes in the city to house 200 blockchain-related companies. Furthermore the city plans to spend 100 billion won ($88 million USD) on a public-private fund to invest in blockchain startups by 2022.

"There's no doubt blockchain is the core technology of the fourth industrial revolution, which will shape the future IT industry. I will make efforts to help Seoul become the center of a blockchain industry ecosystem.”

Sam Mowers, Investorideas

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