Canadian Company to Become Investment Hub for ETH

Canadian pension giant OMERS is pushing further into cryptocurrency business by creating an Ethereum focused company
30 January 2018   1540

The company under the name Ethereum Capital is hoping to become the central business and investment hub for the Ethereum ecosystem planning to raise $50 million. In order to achieve this goal the company is going to sell 2 million subscription receipts at a price of $2.50 each.

The funding round is expected to occur approximately on February 16, 2018. After that the company will invest the funds in both the Ether token and in blockchain startups.

Ethereum Capital is partially owned by OMERS and partly financed by Purpose Investments which is administrated by industry veteran Som Seif.

The main strategy of the company is to buy control stakes in Ethereum-based businesses, but it is also going to invest the Ether currency itself.

After the accomplishment of this goal each share of the company, called Ethereum Shares, will be replaced with a share in Movit Media Corp. Afterwards Movit Media Corp. plans to take over Ethereum Capital keeping the company’s name.

Samsung May Issue Own ETH-Based Token

Anonymous also said that the company could introduce the blockchain into Samsung Pay app
24 April 2019   88

The South Korean technology giant Samsung is developing its own blockchain, on the basis of which it wants to release a cryptocurrency. About this CoinDesk reported sources familiar with the situation.

According to available information, the basis of Samsung's own network will be based on the Ethereum code base. While the project is at the stage of internal testing, but in the long term the blockchain may become public, and the Samsung Coin coin can be traded on the exchanges.

[...] I think it will be hybrid – that is, a combination of public and private blockchains. We expect Samsung Coin to come out in the market, but the direction has not yet been decided.

CoinDesk Korea's Source

Anonymous also said that the company could introduce the blockchain into Samsung Pay app, but this decision has not yet been finalized. 

Recently, Samsung is increasingly interested in the world of digital currencies. So, earlier the company introduced a new Samsung Galaxy S10 smartphone with support for cryptocurrency, and also invested in a Bitcoin wallet without a secret key.