#CryptoCorner: Singapore’s GIC Contributed to #Coinbase $300 Million Funding Round
#CryptoCorner:
Singapore’s GIC Contributed to #Coinbase $300 Million Funding Round
February
28th #CryptoCorner sponsored by Crypto payment tech, #Flip
@FlipToPay ($NXTD) and Genesis Exchange and Wallet App @GenesisBlockch
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Singapore’s
GIC Contributed to Coinbase $300 Million Funding Round, Crypto-Related Money
Laundering Reports Increased Tenfold in Japan Last Year, Thai SEC Adds 3 New
Cryptos and Macron Advocates for Blockchain in Agriculture
Bloomberg reports that Singapore’s sovereign
wealth fund, Government Investment Corporation (GIC), was one of the investors
that contributed to Coinbase’s $300 million financing round last year. The
report notes the significance of a major investor like GIC, which has more than
$100 billion of assets in
over 40 countries, putting money into digital assets. The funding round gave
Coinbase a valuation of $8 billion, and Bloomberg notes that the crypto
exchange forecasts revenue of $1.3 billion for 2018.
There were over 7000 cases of
suspected money laundering linked to cryptocurrency reported to authorities in
Japan last year, according to a report from The Japan Times. This marks a tenfold increase
from the 669 reported cases between April and December 2017, when authorities
made it mandatory for crypto exchanges to report shady transactions. When all
types of financial transactions are considered, however, there were 417,465
instances of money laundering reported to police in 2018, most of which
involved banks and other financial institutions as opposed to crypto exchanges.
Thailand’s SEC has added three new
cryptocurrencies to their list of approved coins for ICO investment and
trading, according to an official statement. Previously Bitcoin (BTC), Ethereum (ETH), Ripple (XRP) and Stellar (XLM) were included, but the new announcement
adds Bitcoin Cash (BCH), Ethereum Classic (ETC) and Litecoin (LTC) to the list.
Agri Digitale reports that French president
Emmanuel Macron has called for the EU to implement blockchain technology in the
agriculture industry to enhance product tracking. Quoting a loose translation:
"Let's do this in Europe, the vanguard
of agricultural data by developing tools that will track every product from raw
material production to packaging, and processing. The innovation is there and
it must be used in the agricultural world. It must be fully used because it is
at the service of shared excellence and it will serve the consumer."
Job recruitment site Hired reports that global demand for
blockchain engineers is up 517 percent this year.
Sam Mowers, Investorideas
Read other editions of the Crypto Corner
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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)
@GenesisBlockch
GBT is a powerful cryptocurrency centralized / decentralized
exchange which will include a broad range of services and benefits from
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