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Gaming Firm Unitopia Raises $5 Million to Create Blockchain Equivalent of...

Blockchain-powered gaming startup Unitopia has received $5 million in funding to develop a blockchain equivalent of video gaming platform Steam. Blockchain-powered gaming platform Unitopia has received $5 million in funding from a group of investment and financial services companies, local media outlet BiShiJie.com reported on April 22. Unitopia — a blockchain research lab of Chinese video game developer Electronic Soul — has reportedly received a strategic investment from Shuimu Fenghua Fund, Link Hui Capital, Jun Joint Venture, Digital Chain Capital and Super Brain Fund in the amount of $5 million. The company will purportedly use the funds to boost research and development of blockchain-based games, as well as facilitate the growth of the industry. Specifically, Unitopia aims to create a blockchain-based equivalent of digital distribution platform Steam, on which users can purchase and play video games. Unitopia claims that all games on its platform are decentralized, with the game..

South Korean Universities Partner to Create Blockchain Campus With In-House Crypto

Yonsei and Postech will develop various programs and structures based on the technology, aiming to launch in H2 2019. Two South Korean universities will develop an entire Blockchain Campus with its own cryptocurrency, local English-language daily news outlet Business Korea reported on April 3. Yonsei University, which already has an active blockchain community, will partner with Pohang University of Science and Technology (Postech) for the initiative, which should launch in the second half of 2019. A dedicated research center, entrepreneurial program outreach and other plans are already in the pipeline, while a student-centered project aims to increase day-to-day cryptocurrency usage. Postech is developing a blockchain-based knowledge sharing system called Engram, which will feature a rewards system using a bespoke altcoin called Neuron. Neuron tokens will be exchangeable for goods in the university cafeteria, Business Korea reports. In addition, a blockchain voting system will appear..

New Partnership Purports to Create First Approved Crypto Exchange in Vietnam

Switzerland-based KRONN Ventures AG and Vietnamese distribution company Linh Thanh Group will jointly launch a crypto exchange. Vietnam’s largest distribution company Linh Thanh Group has signed a memorandum of understanding (MOU) with Swiss blockchain company KRONN Ventures AG to establish a cryptocurrency exchange, according to a press release published on March 22. The collaboration is designed to facilitate the production of digital currency and the creation of a cryptocurrency exchange in Vietnam, to which the companies have supposedly received an appropriate license. According to the press release, the new exchange will be the first authorized crypto exchange to operate in Vietnam. The establishment of an authorized cryptocurrency exchange could be a large step for the industry in Vietnam, as the government has previously taken a hard line against digital assets. In July 2018, the country’s financial regulator, the State Securities Commission, forbade companies in the country to..

Midas Protocol Integrates with Kyber Network and IDEX to Create Universal...

Bitcoin Press Release: Midas Protocol, a universal wallet is bringing accessibility and security for all its users in the blockchain sphere. March 18th, 2019, Singapore – At the heart of Midas ecosystem, Midas Protocol is a universal wallet created for everyone, from new users to experts. It aims to be the most innovative wallet for all essential crypto needs, from safekeeping, intelligent trading and portfolio management. Join CCN for $9.99 per month and get an ad-free version of CCN including discounts for future events and services. Support our journalists today. Click here to sign up.Over the past years, growing a strong ecosystem has increasingly been targeted by many firms’ as one of their priorities, regardless of the industry they belong in. Developing a robust ecosystem within industries focused on the use of blockchain technology is therefore not much of a diversion from the direction all other businesses are taking. The Midas ecosystem‘s concept lies in utilizing a collect..

QuadrigaCX’s Legal Representatives Create Affected Users Committee

QuadrigaCX’s legal council has formed a dedicated committee to help provide guidance in representing affected clients of the exchange. A new committee appointed by law firms Miller Thomson and Cox & Palmer will provide guidance in representing affected clients of major Canadian cryptocurrency exchange QuadrigaCX. The development was announced in a court notice on March 19. In the filing, Miller Thompson reveals that it has established the Official Committee of Affected Users of now-shuttered QuadrigaCX, comprising of seven users affected by the shutdown of the trading platform following the sudden death of its co-founder, Gerald Cotten, last December. At the time, the exchange reported that it was not able to access its cold wallet holdings, as Cotten had purportedly been the sole person with access to wallets’ keys. With the allegedly inaccessible crypto accounting for the vast majority of the exchange’s assets, QuadrigaCX now owes over $198.4 million to an estimated 115,000 users. T..

What Hope Is There For Ripple And XRP As IBM Plans...

XRP price prediction 2019 is becoming a little uncertain due to the sudden development of several rival cryptocurrencies to XRP. A while ago, JPMorgan and another American bank announced the launch of cryptocurrencies that were created to do the exact things XRP was created to do. XRP news since then has been mainly about how XRP will survive these rival settlement layers. Today’s XRP news is still about the survival of XRP and its parent company, Ripple. According to recent reports on CCN, IBM is making plans to launch an XRP rival cryptocurrency in partnership with two major United States banks. What does this mean for Ripple and XRP price prediction 2019? XRP Price Prediction 2019: IBM To Launch Payment Settlement Layers Like XRP IBM recently announced that it was making plans with two major banks in the United States to issue an XRP rival which would be used for remittance payments and internally within the banks. Rather than teaming up with Ripple, IBM decided to team up with a ..

Deutsche Borse, Swisscom and Sygnum Partner to Create Compliant Digital Asset...

Deutsche Borse Group, Swisscom, and Sygnum have entered into a partnership to build out a compliant financial market infrastructure for digital assets. Global market infrastructure provider Deutsche Borse Group, Swiss state-owned telecoms and ICT firm Swisscom, and Swiss and Singapore-based fintech company Sygnum have entered into a strategic partnership to build out a compliant financial market infrastructure for digital assets. The development was announced in a joint press release published on March 11. The new initiative will reportedly focus on creating a distributed ledger technology (DLT)-based ecosystem to support the nascent tokenized economy, which, the partners contend, “has the potential to reshape global financial markets.” The forthcoming ecosystem will reportedly span compliant digital asset issuance and custody solutions, as well as providing market participants with access to liquidity and banking services. According to the press release, Sygnum has obtained a Swiss b..

Amazon ‘Will Have to’ Create Its Own Crypto in Future, Binance...

Retail behemoth Amazon will have no choice but to leverage cryptocurrency payments, Binance’s Changpeng Zhao forecast. One of the cryptocurrency industry’s best-known figures confirmed he still believes online retail giant Amazon cannot avoid issuing its own altcoin, in a tweet Feb. 2. Discussing the internet business sector more broadly, Changpeng Zhao — CEO of top crypto exchange Binance — said it was not so much a question of if, as of when Amazon will issue its own coin. The retail giant has made efforts to adopt forms of blockchain technology in the past, but its relationship with cryptocurrency remains tied to rumors. Such rumors periodically appear in the press, including those that Amazon could integrate Bitcoin (BTC) as a payment method. “For any internet (non-physical) based business, I don't understand why anyone would not accept crypto for payments. It is easier, faster and cheaper to integration than traditional payment gateways. Less paperwork. And reaches more dive..

PayPal Originally Aimed to Create Global Currency Similar to Crypto, Co-Founder...

PayPal co-founder Luke Nosek admits the company would have created something like cryptocurrencies if the market had permitted. PayPal’s co-founder Luke Nosek has said that his firm initially wanted to create a digital currency that would be independent from banks and governments, similar to crypto. The video of his comments was uploaded to crypto streaming service Bloxlive.Tv on Thursday, Jan. 31. At a panel at the World Economic Forum in Davos, Switzerland last week, Nosek was asked whether PayPal or WeChat Pay, an in-app payment system used by the major Chinese messenger, have already solved various problems related to online transactions, or whether cryptocurrencies can also solve those problems. Responding to that question, PayPal’s co-founder said: “Many people don’t know this, but the initial mission of PayPal was to create a global currency that was independent of interference by these, you know, corrupt cartels of banks and governments that were debasing their currencies.” Th..

Japan: Major Messenger LINE Partners with Financial Giant to Create Blockchain...

Major Japanese messaging app LINE partners with local financial giant Nomura Holdings to create a financial alliance focused on blockchain. Major Japanese messaging app LINE has signed a memorandum of understanding with local financial giant Nomura Holdings to form a blockchain alliance, a press release reveals on Wednesday, Jan. 30. Nomura, which provides investment, financing and related services to individual, institutional and government customers, LINE and LVC Corporation, which oversees messenger's digital asset and blockchain business units, will sign a formal contract by the end of March 2019. The three partners are considering establishing a financial alliance focused on blockchain. More details will be announced closer to the date, according to the press release. LINE and Nomura have successfully partnered before. Earlier in 2018, they set up a company to provide securities brokerage services and investment advice, where Nomura would own 49 percent and LINE control the ..
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