Fred Wilson: Crypto No Safe Haven in 2019, Investors More Wary of Startup Sector

Smart contract creation platform Confideal announced that they have entered into a cooperation agreement with Block.Law.

[Note: This is a press release.]

Confideal is happy to announce the start of a strategic cooperation between themselves and the premier network of blockchain experts and crypto consultants at Block.Law.

Block.Law’s cooperation with Confideal will provide uncompromised benefits for both companies. The cooperation if very straightforward and easy to accomplish for both of the projects. Block.Law will record, validate, and endorse information within Confideal smart contracts, acting as the legal authority and validation agent. For its part, Confideal will offer their smart contract templates to Block.Law as well as facilitate the creation of new smart contracts to power Block.Law’s business logics and services.

Pioneers in crypto-based investments, Block.Law builds integrity among investors, companies, and regulators using blockchain tools as the new benchmark in traditional financial markets.

Working closely with an international network of investment managers, lawyers, and financial authorities, Block.Law is creating an ecosystem between blockchain technologies and the investment world by providing a clear and legally compliant framework for tokenized companies and funds.

Block.Law provides legal validation and recordation of smart contracts using a legal transaction validation mechanism. The semi-automated blockchain based platform provides an immutable human link in all services provided thereby ensuring trust, transparency, and legitimacy.

For more information about Block.Law please visit their company website.

Confideal is a visual smart contract builder that makes creating, managing, and enforcing smart contracts quick and easy. Users with absolutely no coding skills can create an enforceable, self-executing, and secure digital agreement powered by Ethereum for all types of transactions. The platform’s built-in arbitration module allows contract parties to resolve disputes in the Confideal environment using top-rated arbiters without the need to reveal any personal data. It offers a revolutionary opportunity for enterprises, small companies, and individuals to execute deals without the need for costly and delay-inducing intermediaries.

For more information about Confideal, please visit confideal.io or chat with the team on Telegram.

Images courtesy of Confideal

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South Korea has had bitcoin fever in the past few weeks, and the fire just continues to be fueled. Top exchange Korbit has been acquired by gaming company giant Nexon for 91 billion Korean won.

The Growing South Korean Market

South Korea has been disrupting the charts when it comes to cryptocurrency trade volume, and the old money is noticing. Many companies in South Korea are hopping aboard the train, investing heavily in the nation’s crypto sector. Bithumb, a Korean exchange, is actually at the top of the charts right now in terms of total trade volume. With this increasing demand, more and more exchanges are popping up taking advantage of the increased interest.

Another Korean-based exchange known as Korbit is quickly climbing the ranks as well, recently joining the top 15 exchanges globally. While the company is still new and is a long way behind Bithumb, it is recording more trade volume on certain digital currencies. And some bigger corporations in the region are trying to get in early.

Nexon is a gaming company that was founded in the mid 1990’s and is a global leader in MMORPGs and other mobile games. At the beginning of the decade, they moved their corporate headquarters from Seoul to Tokyo, Japan, which also happens to be one of the first nations to declare bitcoin as legal tender.

Nexon Acquires Korbit

They purchased Korbit earlier this week for just around 91 billion Korean won, worth roughly $80 million USD. The details of the purchase is that Nexon bought 65% of Korbit’s shares and took over all managerial operations. Nexon commented on the agreement, saying they hope to diversify their business model, along with restating their confidence that blockchain technology will continue to grow and become more and more mainstream.

Do you think South Korea will continue to become a crypto-giant? Do you think this is the end of the money trail? Let us know in the comments below!

Pictures courtesy of  Pixabay and Wikimedia Commons.

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