Bitfury to Unveil DLT Music Platform

New platform called SurroundTM will be open sourced 
17 January 2019   443

 The Bitfury Group announced the launch of the industry-oriented music and entertainment division, which is working to create a music platform based on the blockchain of bitcoin. This is reported by Reuters.

The company's statement said the SurroundTM platform will be open source and will promote collaboration and innovation in the music industry.

In particular, SurroundTM will be designed to optimize secure transfer of assets in the field of copyright, providing improved monitoring and management systems.

As the head of the new Bitfury Surround division, Stefan Schulz, stated, the development of the platform has already begun and several of its important components are ready. The exact timing of the launch of SurroundTM, however, is not called yet.

It is also reported that Bitfury Surround operations will be carried out from offices in Amsterdam and Berlin. In addition, it is planned to open additional offices in Los Angeles, Tokyo, Seoul and Moscow.

Late November 2018, Bitfury Group raised $ 80 million in a closed round of financing from institutional and private investors, after which its capitalization rose to $ 1 billion.

South Koreans to Invest in Crypto Actively

In addition to the investment amounts, the share of those interested in investing in digital assets also increased
22 April 2019   80

The average amount of investments in cryptocurrency from South Korean invesetprs is $ 6,100, which is 64% more than last year, Cointelegraph reports.

According to a survey conducted by the Korean Fund for the Protection of Portfolio Investors, in addition to the investment amounts, the percentage of those interested in investing in digital assets also increased. Thus, 7.4% of the 2500 respondents have already acquired cryptocurrency (last year there were 6.4% of those). It is noteworthy that this figure has increased, despite several major break-ins of the South Korean crypto exchange, as well as tougher regulation of the industry.

Analysts connect the market with a recent bitcoin price jump and hope for a new bull rally.

Recall recently it became known that 94% of trust capital funds invest in cryptocurrency.