Ohio Accelerators to Invest $200M into DLT Startups

Plans were revealed by JumpStart CEO Ray Leach at the Blockland Solutions Conference in Cleveland, Ohio
04 December 2018   522

JumpStart business accelerator said that as part of the blockchain-start-ups support initiative, six Ohio funds are investing over $ 100 million in projects that develop solutions based on distributed registry technology for businesses and government agencies. This is reported by Cleveland.com.

For example, blockchain projects developing in the Ohio Opportunity Zone will receive access to funding of almost $ 200 million over the next three years.

As reported, the funding plans were revealed at the Blockland Solutions Conference in Cleveland, Ohio, by JumpStart CEO Ray Leach.

Previously, the Ohio government allowed companies registered in the state to pay Bitcoin all types of taxes and fees - from excise taxes on cigarettes to insurance premiums on employees.

ABN AMRO Bank to Abandon Crypto Custody

According to entity's senior press officer, bank considers crypto as risky asset
20 May 2019   89

Dutch bank ABN AMRO decided to abandon its plans to launch the custodial storage service of cryptocurrencies, The Next Web reported with reference to the statement of the organization’s representative.

In January, the network reported that 500 clients of ABN AMRO gained access to Wallie cryptocurrency wallets on the basis of banking infrastructure on an experimental basis. It was assumed that cryptocurrency assets in customers' wallets would be insured for up to € 6,000. However, the project hasn't reached the stage of real implementation.

We have approached all the people who have shown interest. We have concluded that cryptocurrencies because of their unregulated nature are at the moment too risky assets for our clients to invest in.

Jarco de Swart

Senior Press Officer, ABN AMRO

Last September, ABN AMRO, among other banks and companies, became a co-founder of a platform for trading commodities on the Ethereum protocol.