#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
#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, Delta BC –August 10, 2018 - Investorideas.com, a leader in crypto and
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Crypto Corner August 10, 2018
Read this in full: http://www.investorideas.com/news/2018/crypto-corner/08102Singapore-Binance-India-Chile-DISH.asp
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
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.
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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