A poll conducted by the Russian Center has recently shared the investment percentage of cryptocurrency activity among the Russian. According to the poll conducted, 65% of the Russian has ever heard about cryptocurrency with a mindset that it is a bad investment. The poll has also revealed that only 2% of the Russian citizen have bought Bitcoin.
CoinFLEX, a cryptocurrency futures exchange has got undisclosed investment from venture capital firms Polychain Capital and Digital Currency Group (DCG). Polychain CEO Olaf Carson-Wee said: “As a physically-settled futures exchange, CoinFLEX will be well positioned to capture significant flow from speculators, institutional traders & Proof of Work miners seeking to hedge against price volatility.”
Coinscribble has listed 5 dedicated crypto news apps. The news & analysis can improve the decision making made by the cryptocurrency enthusiast as well getting the information regarding the emerging industry effectively as it was also proven that the media updates are one of the biggest factors in affecting the decision making and crypto prices.
The largest logistics giants in the United States, UPS, have recently unveiled the equity investment and partnership with a blockchain B2B firm, Inxeption. The CEO of Inxeption said, “Business customers need secure platforms that protect their customer data and proprietary information while making it easy for them to interact and even collaborate more effectively with their customers.”
Orbs, a blockchain company, has received investments from Kakao Investment. The exact amount of investments made were not disclosed. The company aims to direct the investments for its development and growth. It would also associate with Ground X to work on blockchain applications, research and development projects. Kakao previously expressed intention to develop a blockchain unit.
A stakeholder of Uber, Softbank has refused investments in the Bitmain crypto mining company. Kenichi Yuasa of the Corporate Communication Office of SoftBank Group Corp revealed, “Neither the SoftBank Group Corp nor the SoftBank Vision Fund was in any way involved in the deal.” However, the crypto mining company refused to comment at this regard.
Seoul- based online employment platform Saramin, published a survey report that revealed 31.03% of 931 office goers in South Korea have are cryptocurrency investors. Their average crypto investment amounts to $5,170 per individual approximately. They claimed that they made money swiftly. However, crypto users in South Korea are likely to see capital gain taxes on such investments and such other regulation mounting in the market.