#CryptoCorner: Ripple Raises $200 Million in Funding Round Led by Tetragon (OTC: $TGONF), SBI Holdings (OTC: $SBHGF) Partners with Boerse Stuttgart
#CryptoCorner: Ripple
Raises $200 Million in Funding Round Led by Tetragon (OTC: $TGONF), SBI
Holdings (OTC: $SBHGF) Partners with Boerse Stuttgart
South Korean
Telecom Giant KT (NYSE: $KT) to Launch Busan-Based Crypto and Coinbase Scores
Patent for Email-Based #Crypto Payments
Point Roberts, WA, Delta BC December 20,
2019 - Investorideas.com, a leader in
crypto and blockchain investing news brings you today’s edition of the Crypto Corner podcast
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Stocks discussed: (OTC:TGONF) (OTC:SBHGF) (NYSE:KT)
Payment protocol
Ripple has announced a record year culminating with a
$200 million Series C funding round led by Tetragon (OTC:TGONF) “with participation from SBI
Holdings (OTC:SBHGF) and Route 66 Ventures”. Ripple CEO
Brad Garlinghouse commented:
“We are in a strong financial position to execute
against our vision. As others in the blockchain space have slowed their growth
or even shut down, we have accelerated our momentum and industry leadership
throughout 2019.”
SBI Holdings is
partnering with German stock exchange owner Boerse Stuttgart Group in Europe
and Asia to develop “"a truly global end-to-end ecosystem for digital
assets, utilizing blockchain technology”, according to a report from CoinDesk. Alexander Höptner, chairman of
Boerse Stuttgart's management board, said:
“Asia and Europe are the fastest growing markets for digital
assets at the moment. Besides the exchange of knowledge and technology,
possible fields of collaboration include the cross issuance and listing of
digital assets, trading and brokerage as well as the creation of the first
global custody bridge.”
South Korean
telecom giant KT Corporation (NYSE:KT) has been selected as the operating
agent for a blockchain-based local currency in the city of Busan, according to
local outlet dongA. Called “Dongbaekjeon”, the currency
will be stored on a card and is “issued by Busan City to revitalize Busan's
local economy and ease the management burden of small business”. It will launch
on December 30.
Crypto exchange
giant Coinbase has won a patent for a system allowing crypto payments via
email, according to a report from Cointelegraph. An excerpt from the patent
outline explains:
“Hot wallet functionality is provided that transfers
values of some Bitcoin addresses to a vault for purposes of security. A private
key of a Bitcoin address of the vault is split and distributed to keep the
vault secure [...] A vault has multiple email addresses to authorize a transfer
of bitcoin out of the vault.”
Sam
Mowers, Investorideas
For
investors following the sector Investor Ideas has a comprehensive Bitcoin, Blockchain
and Digital Currency Stocks Directory
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