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Bitcoin Daily: LG Rumored To Be Planning Blockchain Smartphone; Coinbase To Launch USDC Fund For Developers

DATE POSTED:September 11, 2019

There are rumors that consumer electronics company LG might be getting ready to release a blockchain smartphone.

According to CoinDesk, a report out of Korea claims that LG is having difficulty separating its model from Samsung’s previous releases, which included its Galaxy S10 in multiple models complete with its Blockchain Keystore.

“LG has been struggling to apply blockchain to smartphones without any dissimilarity,” a Chosun source said. “I think Samsung is trying to prepare differently in the blockchain field, just as LG responded with a dual-screen when Samsung Galaxy came out with a foldable phone.”

In other news, TokenSoft has announced the launch of a security token administrative panel that allows clients to select or partner with a Transfer Agent of their choice to issue and administer their security tokens. Through TokenSoft’s platform — and security token standards like ERC-1404 — Transfer Agents can maintain and administer security tokens.

“Since 2017, ensuring our clients can easily comply with securities laws has been our number one priority and that’s why today we’re announcing official support and a full set of features for SEC-registered Transfer Agents and their issuing clients,” Mason Borda, CEO of TokenSoft, said in a blog post.

“Transfer Agents are a foundational element of financial services infrastructure. It is exciting to see TokenSoft provide technology support to enable Transfer Agents to support blockchain-based digital securities,” added Jeff Bandman, CEO, BlockAgent Inc.

And Coinbase has announced the creation of the USDC Bootstrap Fund, which will support developers building DeFi protocols by investing USDC directly in the protocol.

“In our talks with countless developers, we consistently heard how hard it was to get liquidity for a new DeFi protocol. With the Bootstrap Fund, we aim to make it easier for developers to launch their protocol and help them to create healthy, liquid marketplaces by leveraging USDC. The USDC Bootstrap Fund is separate from Coinbase Ventures, the venture arm of Coinbase which has made 50+ traditional equity investments in projects across the cryptocurrency ecosystem,” Coinbase Product Manager Nemil Dalal wrote in a blog post.