#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 - Investorideas.com, a leader in crypto and blockchain investing news brings you today’s edition of the Crypto Corner podcast and commentary on what’s driving the cryptocurrency market.
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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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