Mizuho to invest in Ethereum Startup Omise

Neutrino, the country’s first blockchain space of Ethereum-based startup Omise Japan, will be sponsored by one of Japan’s three so-called ‘megabanks’ Mizuho
25 May 2018   459

The country’s first specialized blockchain co-working space Neutrino was instituted  by Omise in Tokyo in March of 2018. Omise, a Thai-based launch, sees Ethereum co-founder Vitalik Buterin among its advisors and closed a $25 million ICO in new financing last year to construct a decentralized payments platform Omise Go, powered by OMG, an ERC20 token cryptocurrency. The project aims to advance study to ultimately deploy operational implementations of blockchain tech and cryptocurrency in services and businesses.

One of the largest Japanese banks Mizuho declared on Friday that it will sponsor the coworking space in an arrangement that will also see the bank turn a “long-term tenant” of the coworking space.

Mizuho considers that blockchain is a decentralized technology that will have a transformative impact across industries, beginning it will “simplify and optimize” business operations of different types. In outlining its own aims to implement the technology to deliver better financial services to its customers, Mizuho guesses Neutrino and the interactions within the coworking space “will bring us one step closer to developing commercial applications for blockchain technology.”

In addition to sponsoring Neutrino, Mizuho will be a long–term tenant of the coworking space, and we look forward to finding applications for blockchain technology and being able to develop new business areas together with the wide variety of sponsors, members, and other specialists Neutrino plans to attract.
Mizuho,
Megabank, Japan

Mizuho has experimented and deployed a number of blockchain applications in record keeping, cross-border securities transactions, trade finance with tech partner IBM and document sharing.

Gemini & Partners to Launch Virtual Commodity Association

Association is created to develop standards for the industry, promote transparency in the market and cooperate with regulators, including the CFTC
20 August 2018   92

Several major exchanges decided to create a new structure designed to eradicate manipulation in the digital assets market, Bloomberg reports.

The Virtual Commodity Association was formed by the founders of the exchange Gemini Cameron and Tyler Winklewoss. According to a statement released on Monday, the group also included Bitstamp, BitFlyer USA and Bittrex. Representatives of four trading platforms will meet in September to consolidate the provisions for the future functioning of the organization.

The Virtual Goods Association will develop standards for the industry, promote transparency in the market and cooperate with regulators, including the Commodity Futures Trading Commission of the United States (CFTC), in order to prevent manipulation of Bitcoin, Ethereum and other currencies.

As the temporary executive director of the organization, Maria Filipakis, who worked in the Financial Services Department of New York, was appointed, where she took part in the creation of a BitLicense.

Earlier, the Winklewoss brothers tried to launch their own ETF, tied to bitcoin, but the US Securities and Exchange Commission denied them twice, as the reasons for its decision, among other things, calling for the absence of adequate measures to prevent cryptocurrency market manipulations.