Daily Archives: August 2, 2018

Game X Coin Launches First Blockchain Game Platform

Korea-based startup aims to disrupt the video game industry with game cryptocurrency.

SEOUL, South Korea, Aug. 02, 2018 (GLOBE NEWSWIRE) — GXCWorld, a blockchain game platform developer, today announced the launch of its game blockchain technology suite: betanet of its core blockchain “GXC”, cryptocurrency storage service “GXC Wallet”, game cryptocurrency exchange “GXC DEX” and 3 demo games. GXC can process over 5,000 transactions per second making it ready for real world application on games. The demo games show how a game developer can integrate GXC to build a blockchain-enabled games as well as how game players can collect cryptocurrency and how they can trade cryptocurrency with other players.

GXCWorld has created a highly customized version of EOS optimized for gaming. “We have modified EOS to improve blockchain governance, resource distribution and the formation of block producers,” said Jin Yang, the CTO of GXCWorld.

“With GXC, game developers can transform any game title into a cryptocurrency-enabled game,” said Kai Kim, the CEO at GXCWorld. “This beta launching is the beginning of our effort. We are creating a decentralized game platform where game players can enjoy game contents as well as make money. This paradigm shift introduces a new way of enjoying video games.”

Gangseok Kim, the co-founder of Bluehole, a global game developer of PlayerUnknown’s Battlegrounds, recently joined GXCWorld as a strategic advisor.

More information and the demo can be found on Game X Coin Website: https://www.gamexcoin.io/

About GXCWorld
Founded in 2017 and based in Seoul, South Korea, GXCWorld is a technology-driven blockchain developer and game cryptocurrency exchange partnering with game developers including Neowiz and XLGames.

Matt Suh
+1 408-601-7610 or +82 10-8915-1364

Top Investment Firms Back $10M Series A of Crypto Trading Platform Radar Relay

Blockchain Capital, Tusk Ventures, Collaborative Fund, Distributed Global, and Reciprocal Ventures and others support

Denver, CO, Aug. 01, 2018 (GLOBE NEWSWIRE) — Denver, CO –– August 1, 2018 –– Radar Relay, the wallet-to-wallet decentralized trading platform, has announced the successful completion of its Series A funding round of $10 million USD. Led by Blockchain Capital with contributions from leading investment firms Tusk Ventures, Distributed Global, Reciprocal Ventures, and Collaborative Fund, among others, the raise will support the development of new product research, strategic hiring, and global expansion of the Radar Relay platform.

Radar Relay CEO Alan Curtis said: “The support from these leading venture capital and investment firms — many of whom also participated in our seed funding round last year — validates our progress towards onboarding the world to the token economy. Executing on our mission may take time, but with their support and industry knowledge, we can build an enduring, multigenerational company.”

Founded in 2013, San Francisco-based Blockchain Capital is one of the most established and active venture investors in the blockchain space. In March 2018, Blockchain Capital raised $150 million USD for its fourth fund, bringing its total value of assets under management to $250 million USD. Since its inception, Blockchain Capital has helped finance leading blockchain companies, protocols, and tokens such as Circle, Coinbase, ShapeShift, and Kraken.

Blockchain Capital Partner Spencer Bogart said: “The Radar Relay team has consistently demonstrated a superior ability to execute, ship, and deliver product that exceeds expectations and pushes the industry to higher standards. While Radar’s delivery to date has been exceptional, the most compelling aspect is Radar’s upcoming product roadmap and the opportunity ahead. Ultimately, this is a proven team executing against a high-conviction opportunity and I am thrilled to lead the Series A and join the Board.”

Tusk Ventures is a New York-based venture capital and political strategy firm dedicated to helping emerging technology businesses navigate complex regulatory landscapes. Founder and CEO Bradley Tusk notably served as Campaign Manager for former New York City Mayor Michael Bloomberg during his successful third-term campaign in 2009. Tusk and his venture capital firm have since provided political, investment, and operational guidance to more than a dozen successful startup companies including Uber, Circle, FanDuel, and Bird.

Tusk Ventures Managing Partner and Head of Investments Jordan Nof said: “Decentralized exchanges represent the next wave of innovation in cryptocurrency trading. We were highly impressed by Radar Relay’s focus on building an intuitive product for mainstream adoption and their commitment to proactively working with regulators to ensure a proper framework is established. We are excited to partner with Radar Relay and support the team’s regulatory strategy as they continue to grow their business and become the industry standard peer-to-peer trading platform.”

Other participants in Radar Relay’s Series A funding round include Distributed Global, Reciprocal Ventures, Collaborative Fund, Elefund, Slow Ventures, SV Angel, Kindred Ventures, Breyer Capital, Digital Currency Group, V1.VC, Kokopelli, Village Global, and Chapter One.

Since launching in October 2017, Radar Relay has welcomed thousands of users from 150 countries to its platform, onboarded 170 tokens, traded more than $150 million USD in volume, and grown its team to almost 30 employees.

For more information visit the Radar Relay blog post or radarrelay.com.

Radar Relay CEO Alan Curtis is available for interview.

About Radar Relay

Radar Relay is a wallet-to-wallet trading platform for Ethereum-based tokens built on the 0x Protocol. Radar Relay operates an order book and relays orders between peers while never holding any assets in custody. Users directly connect their wallets to the Radar Relay platform, with no accounts, sign-ups, deposits, or withdrawal limits. In August 2018, Radar Relay announced a $10 million USD Series A funding round. For more information, visit www.radarrelay.com.

Rebecca Weintraub
Radar Relay

Vietnam moves up 2 steps on technological readiness index

Vietnam ranks 79th of 137 countries in technological readiness, according to a report of the World Economic Forum.

Professor Ngo Viet Trung, former Director of the Mathematics Institute of the Vietnam Academy of Science and Technology, said: Vietnam should have more incentives to encourage scientists to contribute to the nation. Vietnam can develop only by increasing our competitiveness. To that end, it’s necessary to develop and master science and technology.

Source: VOV5

ASEAN solicits opinions on Indo-Pacific strategy

ASEAN Foreign Ministers are working to come up with a common position on a geopolitical framework for the Indo-Pacific, a term beginning to supplant the term Asia-Pacific.

The position, based on a paper circulated by Indonesia to the nine other ASEAN countries, will be adopted when the ASEAN foreign ministers gather for a three-day meeting in Singapore starting Thursday.

It is in response to the launching by the US of its own concept of the Free and Open Indo-Pacific initiative.

According to a draft of a joint communique that ASEAN foreign ministers will issue in Singapore, the ministers want to reinforce an ASEAN-centric regional architecture that is open, transparent, inclusive, and rule-based.

Source: VOV5

Vietnamese FM meets counterparts on sidelines of AMM-51

Vietnamese Deputy Prime Minister and Foreign Minister Pham Binh Minh met with Foreign Ministers from Cambodia and Norway on the sidelines of the 51st ASEAN Foreign Ministers Meeting (AMM-51) and related meetings in Singapore on Wednesday.

At the meeting with Cambodian Foreign Minister Prak Sokhonn, the two ministers agreed to prepare high-level visits and a bilateral cooperative mechanism by the end of this year. The two sides pledged to implement cooperative projects and speed up border marker placement and create a border region of peace, stability, cooperation, and development. The two agreed to promote negotiations for a Code of Conduct in the East Sea.

At the meeting with Norwegian Foreign Minister Eriksen Soreide, Mr. Minh asked the two countries to increase delegation exchanges and said Vietnam encourages Norwegian businesses to invest in maritime business, shipbuilding, oil and gas, and renewable energy in Vietnam. Mr. Minh called on Norway to promote a free trade agreement between Viet Nam and the European Free Trade Association (EFTA).

Source: VOV5

US passes defense spending bill for 2019 fiscal year

The US Congress has passed a 716 billion USD defense spending bill for the 2019 fiscal year.

The National Defense Authorization Act (NDAA) for the 2019 fiscal year, submitted by Senator John McCain, was passed by a 79-10 vote in the Senate on Wednesday and now heads to US President Donald Trump to be signed into law. The House passed the bill last Thursday.

The bill authorizes 7.6 billion dollars for 77 F-35 Joint Strike fighter jets, made by the Lockheed Martin Corporation and prohibits the delivery of the advanced aircraft to fellow NATO member Turkey.

The approval of the bill supports President Trump’s strategy of bolstering the US army but prohibits US government contracts with China’s ZTE Corporation, which Trump has said he wants to revive.

Source: VOV5

2018 Fields Medals awarded to 4 mathematicians

The International Mathematical Union (IMU) has awarded 2018 Fields Medals to mathematicians from Italy, Germany, India, and Iran.

At a ceremony in Rio de Janeiro, on Wednesday, 30-year-old Peter Scholze was awarded the medal, making him one of the youngest Fields Medalists ever.

Scholze is a professor at the Mathematical Institute of the University of Bonn and a member of a research group in algebraic and arithmetic geometry. He was recently appointed director of the Max Planck Institute for Mathematics in Bonn.

The other medal recipients have made great contributions to probability calculation, partial differential equations, and algebraic geometry.

Source: VOV5