#CryptoCorner: #Russian Bank Partners to Launch #ICO, Zimbabwe Court Lifts Crypto Ban, Uphold Completes XRP Integration and CryptoKitties Gets Sued
#CryptoCorner: #Russian
Bank Partners to Launch #ICO, Zimbabwe Court Lifts Crypto Ban, Uphold Completes
XRP Integration and CryptoKitties Gets Sued
Point Roberts, WA, Delta BC – May 25, 2018 - Investorideas.com, a leader in crypto and
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with today’s edition of Crypto Corner.
Read this in full at http://www.investorideas.com/news/2018/crypto-corner/05251RussiaZimbabweXRPCryptoKitties.asp
Russian Bank Partners to Launch ICO, Zimbabwe Court Lifts Crypto Ban,
Uphold Completes XRP Integration and CryptoKitties Gets Sued
Russian bank and financial services company
Sberbank and the National Settlement Depository (NSD) have announced that they
will test out an initial coin offering (ICO) on the Bank of Russia’s regulatory
platform. Sberbank’s press release yesterday quotes Senior Vice President of Sberbank and Head of Sberbank
CIB, Igor Bulantsev:
“Sberbank CIB believes that the Russian ICO market
is very promising. Many of our clients have shown an interest in this method of
financing and we intend to actively promote this service by driving the
institutionalisation and popularisation of ICOs after the corresponding
legislation is passed.”
Zimbabwe’s Harare High Court has reversed a central
bank ban on cryptocurrency trading. According to CCN, the
Reserve Bank of Zimbabwe (RBZ) did not appear in court proceedings after
Zimbabwean crypto exchange Golix sought a reversal of the ban. CCN reports that
Nhlalwenhle Ngwenya, communications manager at Golix told them “The ban was
lifted” yesterday and include the Harara High Court
Order in the piece.
Uphold,
Inc., a mobile payments platform, has announced
its “full functionality” with the “XRP ledger”. The press release outlined the
demand among its customers for access to XRP:
“Uphold has
now satisfied an increasing need to provide its members with full access to
Ripple's fast-growing ecosystem. As the third most popular cryptocurrency, with
a current market cap of $26 billion, there is a clear demand for XRP and
enabling full connectivity provides users with over 1,500 currency pairings.”
Axiom Zen, the
creator of Ethereum-based game app CryptoKitties, is being sued for trade
secret misappropriation, according to a report in VentureBeat. The suit was
filed in the U.S. District Court of Los Angeles by Starcoin (or Tradestar). Jevon
Feinblatt, CEO of Starcoin, said in an email to VentureBeat:
“that
Tradestar engaged in e-mail communications with Axiom Zen in February 2018 to
discuss collaboration on development. Tradestar disclosed confidential details
about a to Axiom Zen many confidential details, including a digital Stephen
Curry collectible trading card. Although Axiom Zen reportedly signed a
non-disclosure agreement, it recently announced that it had created its own
Stephen Curry collectibles.”
Sam Mowers Investorideas.com
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