Point Roberts, WA and Delta, BC – August 15, 2018 (Investorideas.com Newswire) Investorideas.com, leader in the crypto and blockchain that invest news about what is driving the cryptocurrency markets with today's edition of Crypto Corner, now available in podcast.
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#CryptoCorner: the market recovers in a simple way, LINE announces $ 10 Million of #Token Venture Fund and #TRON lists, Venezuela to make PTR official account unit and South Korea no longer ranking #Crypto as Venture Enterprise
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The market recovers modestly, LINE announces a $ 10 million venture capital fund and TRON listings, Venezuela will make the official PTR account unit and Korea South will no longer classify Crypto Enterprise Venture
The cryptographic market has seen some recovery from yes Day 3, with total market capitalization rising by $ 14 billion USD to $ 205 billion USD at the moment of the press. Almost all the coins listed in the top 100 by market capitalization on CoinMarketCap are in the green with Bitcoin (BTC) which currently trades at $ 6362 USD and represents 53.5% market dominance.
Japan Line Corporation today announced the establishment, through its subsidiary, of a corporate venture capital fund called "Unblock Ventures". The fund has a capital commitment of $ 10 million USD which aims to "enhance the development and adoption of cryptocurrencies and blockchain technology".
In addition, the BITBOX encryption platform recently launched by LINE has announced the list of TRX, the native token of the TRON platform. According to the version, TRX is the first currency to be approved by the listing committee at the opening of BITBOX. To celebrate the listing, BITBOX will send 10 million TRON tokens to users until 22 August.
ABC International reports that Venezuela will use its oil-backed cryptocurrency, Petro (PTR), as an official unit of account. In a televised speech, President Nicolás Maduro said that the state oil company, Petróleos de Venezuela (PDVSA), would begin using Petro as a unit of account, starting August 20th. Reportedly, the project would mean a "new wage system" a new price system for goods and services petrified. "ABC International quotes Maduro on the expected effect of this change:
" This will mean a substantial improvement in the income of the workers "and will" reappear the maximum retail price "
The Ministry of Small and Medium Enterprises of South Korea (small and medium-sized enterprises) and the Startups have issued a press release Monday stating that the crypto trade would no longer be legislated as venture capital firms.A rough translation cites the problems arising from speculation and the resulting volatility as impetus for the change in classification, but clarifies that the ministry does not intend to regulate the sector:  "The department of small and medium-sized enterprises does not intend to regulate cryptocurrency transactions and ICO, but since social problems are emerging as speculation and overheating, the exchange of cryptocurrencies will not be considered as a venture company. "
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Sam Mowers, Investorideas
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