#CryptoCorner: #OKEx Co-Founder Detained in #Shanghai for Fraud Investigation, Paris Saint-Germain Teams with #Blockchain Platform Socios for Fan Token Offering and Canada’s First Block Capital Secures Mutual Fund Status for ‘Flagship Product’
#CryptoCorner:
#OKEx
Co-Founder Detained in #Shanghai for Fraud Investigation, Paris Saint-Germain
Teams with #Blockchain Platform Socios for Fan Token Offering and Canada’s
First Block Capital Secures Mutual Fund Status for ‘Flagship Product’
September 11th #CryptoCorner and Podcast sponsored by Crypto
payment tech, #Flip @FlipToPay ($NXTD) and Genesis Exchange and Wallet App
Point Roberts, WA, Delta BC - September 11, 2018 - Investorideas.com,
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Market Still Seeing Red, OKEx Co-Founder Detained in Shanghai for Fraud
Investigation, Paris Saint-Germain Teams with Blockchain Platform Socios for
Fan Token Offering and Canada’s First Block Capital Secures Mutual Fund Status
for ‘Flagship Product’
As the week wears on the crypto market is still
seeing red, continuing the downtrend that began last Wednesday. At press time,
Bitcoin (BTC) is trading at $6275 USD, according to data from CoinMarketCap,
and the total market capitalization is $191 billion USD.
The founder of the world’s second-largest crypto
exchange OKEx, Star Xu, has been detained by authorities in Shanghai, according
to local outlet Sina. He was
taken to Shanghai’s Weifang Xincun police station on the evening of September
10 as part of an investigation on digital currency fraud. If evidence is found
against Xu, he will be sent to a detention centre, and if not, he is to be
released within 24 hours of detention.
Top-tier French football (soccer) team Paris
Saint-Germain has partnered with blockchain platform Socios.com, according to a
press release today. As part of their multi-year strategic partnership, Socios is
creating a Fan Token Offering (FTO) which enables fans to engage with the team through mobile voting and
polling platforms, and opens up exclusive reward content and experiences. Paris
Saint-Germain’s Chief Partnership Officer, Marc Armstrong, commented on the
partnership:
“Always at the
forefront of digital innovation, Paris Saint-Germain is determined to leverage
the opportunities that cryptocurrency can provide. This revolutionary
technology will have an important impact on the Club’s overall business
strategy and the way we engage with our fanbase. We are very pleased to welcome
Socios.com in the Paris Saint-Germain family.”
Canadian
crypto and blockchain investment company, First Block Capital, Inc., has
announced via Business Wire that its
“flagship product”, the FBC Bitcoin Trust, has achieved mutual fund trust
status. This enables unit holders to put
units in a self-directed registered account such as an Registered Retirement
Savings Plan (RRSP) or Tax Free Savings Account (TFSA). Additionally, the
product is now available for purchase on crypto payment system NEO Connect.
First Block Capital’s co-founder and Chief Investment Officer, Marc van der
Chijs, commented on the news:
“With this accomplishment, we
continue to push Canada forward as a world leader in regulated blockchain and
cryptocurrency investment vehicles. Our goal is to make investments in the
digital currency asset class more accessible and we are one step closer to
achieving this goal by allowing unit holders to place units in government
sponsored tax efficient vehicles, and by providing daily liquidity through NEO
Connect, a fund distribution platform with a rapidly growing dealer network.”
Sam Mowers, Investorideas
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