#CryptoCorner: #Gates Foundation Partners with #Ripple and Coil, Russian Central Bank Says "Crypto Fever" Beginning to "Disappear", Goldman Sachs (NYSE: $GS) Leads Fundraising Round for BitGo
October 19th #CryptoCorner and Podcast sponsored by Crypto payment tech, #Flip @FlipToPay ($NXTD) and Genesis Exchange and Wallet App
Point Roberts, WA and Delta, BC - October 19, 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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#CryptoCorne: #Gates Foundation Partners with #Ripple and Coil, Russian Central Bank Says "Crypto Fever" Beginning to "Disappear", Goldman Sachs: (NYSE: $GS) Leads Fundraising Round for #BitGo
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Gates Foundation Partners with Ripple and Coil, Russian Central Bank Says "Crypto Fever" is Beginning to "Disappear", Goldman Sachs Leads Fundraising Round for BitGo and China’s Cobo to Expand Globally
Stocks discussed: (NYSE:GS)
As we enter the weekend many of the top 100 listed coins on CoinMarketCap are in the red, albeit for the most part only slightly. Bitcoin (BTC) dominates the crypto market, comprising 54 percent and trading at $6451 USD at press time. Behind it as usual are Ether (ETH), XRP and Bitcoin Cash (BCH), trading at $203 USD, $0.45 USD and $436 USD, respectively.
The Bill and Melinda Gates Foundation is partnering with Ripple and Coil, a subscription-based service that supports content creators, according to a recent tweet by the foundation's deputy director Miller Abel. Part of the partnership will see utilization of Gates Foundation interledger payments software Mojaloop to improve payments and enhance financial access to the poor.
The head of Russia's central bank, Elvira Nabiullina, said that "cryptocurrency fever" is beginning to fade, according to local outlet RIA Novosti. The comments were made at the Forum of Innovative Financial Technologies in Sochi. Nabiullina said it is good that the mania for crypto is subsiding and giving way to more pragmatic application of the new technology by businesses.
"...the cryptocurrency fever has started, fortunately, in our opinion, to begin to disappear. During this time, technologies like blockchain caused a great deal of enthusiasm and a more sober attitude towards such technologies begins. Business is trying to improve such technologies, looking for cases for the practical application of them."
Bloomberg reports that Goldman Sachs Group Inc. (NYSE:GS) and Galaxy Digital Ventures, founded by billionaire Mike Novogratz, have led crypto custody service BitGo Holding Inc.'s Series B fundraising round with an investment of $15 million USD. This continues the trend of established institutions getting more involved in the crypto space, as seen with Fidelity's launch of a digital assets division at the start of this week.
Chinese crypto company Cobo has announced that it has raised $13 million USD and intends to expand globally. The company offers the Cobo Wallet, that allows users to grow their cryptocurrency holdings through Proof of Stake (PoS) mining rewards, and the Cobo Vault, a military-grade cryptocurrency hardware wallet. Cobo co-founder and CTO Changhao Jiang talked about crypto's progress and the company's intention to unlock its further potential.
"Crypto has come a long way since I first ventured into this space five years ago. While I'm excited to see that crypto investment and enthusiasm is on the rise globally, a majority of crypto assets remain dormant in an exchange or wallet for extended periods of time, which creates many lost opportunities. As crypto becomes widely recognized as a legitimate financial instrument, our goal is to provide a rewards system that leverages unutilized assets to enrich investors and accelerate the growth of the entire crypto ecosystem."
Sam Mowers, Investorideas
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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/
Genesis Exchange and Wallet App by Genesis Blockchain Technologies (GBT)
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.You can Download the Genesis Exchange and Wallet App at Google Play and on the Apple App Store. Learn more at http://www.mygenesis.io
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