Ohio continues to emerge as the friendly state for cryptocurrency and the blockchain technology. The CEO of JumpStart Inc. has declared to invest in the blockchain startups based in Ohio. The official, Ray Leach revealed about the donation. Reportedly, Leach expressed to include ‘additional investment teams’ in order to make $200 million to support the blockchain companies.
The former Morgan Stanley capital markets head Raj Dhanda is to serve the advisory board of the Polybird firm. Dhanda who is currently associated with the Black Creek Group expressed, “I see a strong promise in blockchain-based asset tokenization.” His role is expected to bring ‘strong institutional perspective across asset classes,’ as revealed by the CEO of Polybird.
UTRUST has announced its partnership with a leading European PSP (Payment Service Provider) in establishing a user-friendly cryptocurrency payment platform in Europe. The CEO of Payrexx, Ivan Schmid explained, “When we were looking for a new crypto-payments partner, UTRUST’s deep-rooted understanding of merchant and customers’ requirements when it comes to these payments stood out.”
Asus announced regarding its collaboration with Quantum Cloud to penetrate the cryptocurrency mining industry by enabling its Asus’s graphics cards (GPU) to mine cryptocurrency and deliver digital reward through PayPal and WeChat. Asus commented that the recent collaboration made with Quantum would allow the PC gamer to “earn a passive income by installing Quantum Cloud’s software.”
The former football quarterback, Michael Vick has associated with the blockchain startup that plans to put location data on the blockchain called XYO Network. The association is aimed to integrate the XYO Network’s blockchain protocol to geomine XYO tokens. Vick detailed, ‘The XYO team and I walked through how we can use the technology they’ve created.”
The Cagayan Economic Zone Authority (Ceza) expressed regarding the plan to attract the companies in Japan, Korea, and Australia to its Crypto Valley of Asia. CEZA explained, “The development plan for the Crypto Valley of Asia includes the launch of a blockchain and fintech university to provide skilled and experienced workers for companies in the economic zone.”
The memorandum of understanding (MoU) has been signed between KeySafeBank, NEM Singapore, and PAL Network. The Director of KeySafeBank explained, “With NEM offering smart asset blockchain platform and PAL Network as the leader in crypto asset insurance, this partnership brings an enhanced value proposition to our crypto customers in secure custody and protection.”
A former member of the U.S. Securities and Exchange Commission (SEC), Antoine Dresch, with more than 20 years of experience in investment banking, would serve the advisory board of the Bitfury blockchain company. The CEO of the company, Valery Vavilov stated, “She will help guide and support Bitfury by offering her comprehensive knowledge on financial markets and regulation.”
Silver Castle has revealed the launch of two cryptocurrency-centric funds. The CEO of Silver Castle, Eli Mizroch explained, “We spent close to a year building a robust infrastructure for managing other people’s money at the level of institutional grade with very, very high security.” The company also plans to launch the third fund focusing on both ICOs and tokens.
The RIF Labs has acquired RSK Labs, a smart contracts platform. The RIF Labs would be purchasing the entire shares of RSK. The RSK has expressed, “This is a huge milestone and will help us accelerate the adoption of open source blockchain technology worldwide.” The acquisition is expected to enhance the interoperability, scalability and other complex technologies.