Gumi to Launch $30M Blockchain Investment Fund

New fund will specialize in cryptocurrencies and blockchain-projects investments
31 May 2018   661

Specializing in mobile games development, the Japanese company Gumi has created an investment fund with assets of $ 30 million, CoinJournal reports.

A new fund called Gumi Cryptos. It will specialize in cryptocurrencies and blockchain-projects investments. The organization will be headed by the CEO and founder of Gumi Chirono Kunimitsu and creator of the Evercoin, Miko Matsumura.

Having advised top global cryptocurrency startups alongside some of the best investors in the world, I’ve come to realize that all of them struggle to break into Japan, the largest cryptocurrency market in the world. I’m excited to join gumi and their well-respected network in Japan.
 

Miko Matsumura

Founder, Evercoin

Previously, the company invested in the "stable coin" called Basis, as well as in the blockchain start-up Robot Cache, creating a decentralized alternative to the Steam platform.

Binance to Launch Crypto-Fiat Exchange at Jersey

The new exchange will feature BTC / GBP, ETH / GBP, BTC / EUR and ETH / EUR trading pairs
16 January 2019   72

Binance has opened a branch at Jersey island, targeting Europe and the UK. Its clients will be able to trade Bitcoin and Ethereum for the euro and the British pound. 

The new exchange will feature BTC / GBP, ETH / GBP, BTC / EUR and ETH / EUR trading pairs. To start trading, users must undergo KYC verification.

According to Binance CFO Ju Wei, bidding cryptocurrencies for fiat money will provide Europeans with new opportunities in the face of uncertainty with Brexit affecting the euro and the pound.

Wei also stressed that a strong legal framework makes Jersey one of the leaders in the development of blockchain technology.