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Crypto news in brief (October 22, 2018): BMGF, BitGo, Visa, Ethereum hard fork, Armenia

October 22, 2018 By Crypto Reporter

– The Bill & Melinda Gates Foundation has partnered with blockchain startup Coil
– Ethereum’s next hard fork, dubbed Constantinople, will be postponed until early 2019
– Visa is preparing to launch its blockchain-based digital identity system for cross-border payments
– Goldman Sachs and Galaxy Digital Ventures have invested $15 million in crypto custody service BitGo
– $50-million-worth cryptocurrency mining farm has launched in Armenia

The Bill & Melinda Gates Foundation has partnered with Ripple and blockchain startup Coil as part of its mission to provide payment services for the unbanked.

***

Goldman Sachs and Novogratz’s Galaxy Digital Ventures have recently invested in crypto custody service BitGo during its Series B funding round.

In total, BitGo’s Series B funding round has brought in $57.5 million. According to Bloomberg, Goldman Sachs and Galaxy Digital together contributed about $15 million, as their clients show growing interest in cryptocurrencies.

***

Visa is preparing to launch its blockchain-based digital identity system for cross-border payments in the first quarter of 2019. Visa B2B Connect platform will utilize the Hyperledger Fabric framework from the Linux Foundation, developed alongside IBM with the goal of creating a scalable and permission-based network.

***

Ethereum‘s next hard fork, dubbed Constantinople, which was on track for November release, will be postponed until early 2019.

The hard fork was initially scheduled to be launched in October. However, later the dev team shifted the launch to November. Recently, when the dev team was testing the hard fork on the testnet, they encountered some issues and decided to shift the launch to January 2019.

***

$50-million-worth cryptocurrency mining farm has launched in Armenia.

According to Arka News Agency, the new farm has 3,000 bitcoin and ethereum mining machines. This number will be increased up to 120,000 in future.

Filed Under: General News, News Tagged With: Armenia, BitGo, BMGF, Coil, cryptocurrency, Ethereum, Galaxy Digital, Goldman Sachs, news, news in brief, Ripple, Visa

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