#CryptoCorner: First Bitcoin Capital Corp. (OTC: $BITCF) Signs MOU with Bitcasas, DigiMaxGlobal (CSE: $DIGI.C) Enters Agreement with Black Manta Capital Partners
#CryptoCorner: First Bitcoin Capital Corp. (OTC:
$BITCF) Signs MOU with Bitcasas, DigiMaxGlobal (CSE: $DIGI.C) Enters Agreement
with Black Manta Capital Partners
Point Roberts, WA, Delta BC October 9, 2019
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Stocks discussed: (NasdaqGS:FB) (OTC:BITCF) (CSE:DIGI)
According to a
report from CoinDesk, the Bank of
England (BoE) has laid out the rules that Facebook’s (NasdaqGS:FB) Libra project must conform to in
order to launch in the UK. One of the more notable stipulations is the BoE’s
needing access to be able to monitor payment chain information on the payment
network.
First Bitcoin
Capital Corp. (OTC:BITCF) has signed a Memorandum of
Understanding (MOU) with Bitcasas Inc. with the intent to acquire a major stake
in the latter. Bitcasas is a group of companies utilizing its structure to
promote the adoption of tokenization of real estate assets and mortgage loans.
Ramesh Ramadoss, President of Bitcasas, explained:
"To help individuals all over the world understand
the benefits of mortgage debt as an asset class - ownership in real estate
without the management headache - we have developed the BitCasas online
investment platform. Using blockchain as its backbone adds full transparency
and instant liquidity through tradeable asset-backed security tokens.”
DigiMaxGlobal
Solutions Inc. (CSE:DIGI), formerly called
DigiCrypts Blockchain Solutions Inc., has entered into a cross
Collaboration Agreement Luxembourg-based Black Manta Capital Partners (BMCP).
The agreement will enable clients from around the world to list their digital
securities in Europe. DigiMax CEO Chris Carl commented:
"DigiMax recognizes Black Manta as one of the
leading licensed service providers in Europe capable of assisting clients to
raise capital and to list digital securities in Europe, starting with Germany.
We respect how difficult it is to gain these approvals from the financial
supervisory authorities in Europe, and to have done so represents a substantial
accomplishment on the path leading toward global digitization of securities. We
are excited about working with Black Manta on several such projects in the immediate
future."
CCN reports that South
Korea’s biggest convenience store chain, CU, will be accepting crypto payments.
CU, which has over 13,000 locations, will integrate the Chai payment system.
Chai utilizes a Korean won-backed stablecoin called Terra in transactions.
Reuters reports that Japan
does not consider political donations in cryptocurrency to be illegal. The
country’s Internal Affairs and Communications minister, Sanae Takaichi,
explained at a press conference yesterday that cryptocurrencies are legal when
donated to individual politicians, and are not included in the report on
political funds.
Mutual fund and
investment giant Vanguard has partnered with Nasdaq Ventures-backed blockchain
startup Symbiont to build a blockchain-based trading platform for the $6
trillion Forex market, according to a report from CoinDesk. The
platform is aimed at lowering transaction costs for “the trillions of dollars
worth of currencies it trades annually by boosting peer-to-peer trading for
investors, connecting them directly via blockchain technology”.
Sam Mowers,
Investorideas
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