Cryptocurrency News

[Rawlens]

Blockchain Technology Development Receives Another Boost from Messaging Giant – CoinDesk reports that the Japanese messaging giant LINE has launched a cryptocurrency venture fund with the initial capital of $10 million. This commitment has been channeled through Unblock Ventures, a subsidiary through which LINE seeks to implement the crypto move. In a press release, the firm revealed that it intends to participate in the blockchain technology advancement by investing in digital currency start-ups. Per the release, Unblock ventures will be the firm’s sole fund manager. Meanwhile, the statement further says that the $10 million seed capital is “solely provided by LVC Corporation which is another offshoot of the LINE group. As part of the firm’s future plans, LINE group seeks to expand the capital size depending on the demand in the cryptocurrency space. Read more: https://marketexclusive.com/blockchain-technology-development-receives-another-boost-from-messaging-giant/2018/08/