Coinbase announced the launch of services in custodial storage for institutional investors

The largest cryptocurrency exchange and wallet in the US, Coinbase announced the beginning of providing custodial services for institutional investors.

At the end of 2017 Coinbase has announced its plans to the custodian and direction on the project “Coinbase Custody”. Thus, the company sought to solve the “number one problem” for institutional investors.

Coinbase already is the Keeper of the cryptocurrencies of its customers amounting to more than $ 20 billion, but the new service will be implemented through an independent broker-dealer Electronic Transaction Clearing (ETC), which is a member of FINRA, and all operations which comply with the standards of SEC.

Thus, institutional investors have access to the custodian services for the storage of cryptocurrency in accordance with all standards of the Commission on securities and exchange Commission (SEC) and Financial Industry Regulatory Authority (FINRA).

This means that institutional investors from the US and Europe can now store your cryptocurrency assets in Custody Coinbase, which currently supports Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC) and Bitcoin Cash (BCH). Coinbase says it plans to add new assets and also make your services available to Asian investors before the end of the year.

The company claims that Coinbase Custody applies a range of security measures, including the “network separation cryptocurrency assets,” “Autonomous, multi-segmented and geographically distributed transaction protection”.

It is reported that, along with cold storage wallets that have yet to be approved by regulators, the company plans to use “safe, separated hot wallets” to provide greater freedom of action of investors.

Coinbase Custody is the first project of such level-oriented cryptocurrency investors.

The company actually tries to become a broker-dealer is in full compliance with SEC standards, thanks to the recent acquisition of firms in financial services, as well as the desire to obtain a Federal banking licence

Coinbase has also recently announced its plans to exit the Japanese market of cryptocurrencies.

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Thailand has set an example for the regulation of cryptocurrencies

Industry experts and leaders blockchain companies put forward to the regulators requirements to clarify the legal status of the cryptocurrency. Thailand for example has demonstrated how this can be done, even if the policy of the state towards cryptocurrency restless.

Regulation is often credited with the blame falling prices of cryptocurrencies, but in light of the six-month bear market that determines 2018, it seems that financial innovation needs regulatory clarity. During the “London Tech Week” the main topic of discussion was to discuss the need for a clear regulation.

Speaking at the conference “zeroing is completed In On Europe” on 16 June, a former investor Blackrock Adam Grimsley, co-founder of Prime Factor Capital said :

“Concern volatility, liquidity shortages and regulatory uncertainty was more than enough to prevent the appearance in the arena of so-called traditional smart money”.

CEO of Coinbase UK, Zeeshan Feroz, gave a speech in which he stated that the industry needs to work with existing financial institutions and educate them before we can reach crypto “utopia”:

“From the point of view of the government, we have to interact with him. The most important step at this stage is the adjustment that will give businesses some certainty and provide a framework which will help their development.”

Blockchain project Monaco informed the citizens of the United States, India, Hong Kong and Singapore, they are excluded from participation in ICO because of the “excessive risk of intervention by regulators.” Instead of having to interact with market regulators, the ICO could apply protective restrictions to protect themselves, losing further funding and development of the industry.

Thailand, in turn, showed how governments can provide a clear regulation of the cryptocurrency. In may, the state has adopted a regulatory framework for “digital assets and digital tokens”. The bill sets out the requirements for the ICO to register with the SEC of Thailand, to ensure that they conform to existing laws. Although taxes are currently quite high, it proves that governments can successfully regulate the industry.

To achieve the same clarity, the United States should decide which bodies regulate cryptocurrencies. Around the world other countries need to accelerate the adoption of regulatory frameworks. In Europe, until now there were no rules, except for the EU agreements on the fight against money laundering.

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Huobi ran into rudeness: the Community is outraged by new voting rules

Changing the rules of voting when listing tokens on the platform HADAX provoked ardent criticism of the leadership exchange by the cryptocurrency community.

Last week, Huobi has published updates, which set out that further HADAX will be based on two separate groups that will help make the decision about listing.

In the first group, called “Group of permanent gcd”, include 14 major traditional venture capital firms, such as ZhenFund, FBG, Unity Ventures and Draper Dragon.

The group of “Elected node” will include 31 of the cryptocurrency the company who are selected in the voting process. “Selected nodes” is a small, cryptocurrency venture capital firms such as Capital Node, Dfund and BlockVC.

Huobi launched HADAX in February of this year, allowing users to make decisions about listing new assets, using for voting its own token HT. Later there was a mechanism that allowed the well-known venture capital companies to have privileges “supernode” and participate in the consideration of a new token before the public vote.

In accordance with the updated rules HADAX now “to open the ballot must be supported by at least one permanent Noda, projects that have not received their patronage will be removed from the ballot, and the coins cast as votes are returned to users”

This step immediately provoked a backlash from investors who felt that demoted, attributing HADAX “discriminatory and authoritarian” regime.

First and foremost, it is important to note that the founder of the Capital of the Node, as well as co-founder of the exchange Huobi, Du Jun, announced on WeChat that although his firm has the status of “supernode”, she will leave and will no longer participate in the vote.

To the message Do have added a picture of a raised middle finger and a comment:

“Utimate team HADAX!”

Soon Node Capital joined other cryptocurrency funds, declared that they will not tolerate this decision and will not act as supernodes, including Dfund, created by the Chinese over-the-counter dealer Zhao Dong and Bixin Capital, the venture capital unit of the cryptocurrency wallet Bixin.

In response to these attacks Lee Lin, co-founder and CEO of Huobi Group, said that the move is aimed at ensuring the quality of the selected tokens on the platform:

“I apologize for the fact that I could not effectively communicate with supernode before to publish our innovations. We understand that some selected nodes, it seems that we do not respect them or their image of the damage, which led to such a reaction. We build our cooperation on a win-win proposal. Accept it or not is always the choice of the free market. Huobi opens the door for partners. But HADAX needs to be fully updated, and in July there will be another major upgrade. Regardless of which model is adopted, we believe that the responsibility for the user is paramount”.

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Top Crypto News – 02/07/2018

Bitcoin’s Unknown ‘Kings’: The Magazine Mystery That’s Got Crypto Guessing

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Bitcoin may be global, but it’s still a small community

This is why a recent Fast Company South Africa story attracted international commentary – and not in a good way. After all, it isn’t every day that relative unknowns get touted as “Bitcoin Kings” on a magazine cover. Still, that’s how the crypto world has been introduced to JT Foxx and Mao Lal.

In a tweet posted Wednesday, announcing its June issue, the two supposed experts were featured in a story titled, “Masters of Cryptocurrency.”

The story and the magazine cover circulated widely on crypto Twitter but mainly out of pure confusion.

To such quizzical pondering was a manifold of responses. All equally as hilarious.

Some of the responses were just GIFS, GIFS, and more GIFS.

Others took a few joking shots in the dark.

While still others responded with genuine frustration and annoyance.

All jokes aside

Putting the crypto Twitter commentary aside for a moment, the two individuals featured on the cover of Fast Company South Africa’s June Issue are actual entrepreneurs investing in the cryptocurrency industry.

JT Foxx and Mao Lal represent a company called CryptoGold.

According to available material, it’s a mining company that allows individuals “to purchase shares in mining hardware without having to deal with complex hardware and software.” The company is comprised of “a team of mining experts with their own mining hardware” offering services for five different cryptocurrencies.

It is also reported that CryptoGold recently launched a gold-backed crypto coin dubbed the CryptoGoldCoin last month.

However, for all the information that is available online about CryptoGold and the projects it has launched, there is fierce speculation about its actual legitimacy as a result of the June issue publication.

For starters, the cover of the magazine depicts Foxx and Lal holding a mining device primarily used to secure a cryptocurrency called siacoin used on a cloud storage platform known as Sia.

This comes off as odd given the title of “Bitcoin Kings” and the simple fact that CryptoGold, though it is a cloud-based service, does not mine siacoins.

Plot thickens

Then, there are the questions to do with the publication itself.

The American business magazine, Fast Company, has no clear affiliation with Fast Company South Africa, but rather, has a local section on their website titled “South Africa” suggesting Fast Company South Africa is an entirely different entity.

Confused? There’s more.

In addition, despite the proud sentiments voiced by Foxx himself at being featured as a crypto king, people are wondering what this “wealth coach” actually knows about the technology.

Others take the bold step by Foxx into an entirely new space as “inspirational” and a sign of his “genius”.

All in all, there are no right or wrong answers here. With the wave of popularity cryptocurrencies have gained in past years, entrants to the space, new and old, continue to multiply.

It simply gives greater reason for all participants to remain ever-cautious of potential fraud and take this story as a lesson in engaging in crypto Twitter.

As for Foxx and Lai? They say all publicity is good publicity. Let’s just hope they use it for the greater crypto good.

Cover image via Fast Company South Africa
Written by CoinDesk.com

‘Cryptocurrencies and Precious Metals Can Co-Exist,’ Explains Ron Paul

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Ron Paul is a very popular libertarian that ran for the U.S. presidency a few times, but he has always proposed some contrarian opinions unlike any other politician today. For instance, Paul constantly tells the American public that they should “end the Federal Reserve,” or at the very least audit the private bank and find out how it has been operating over the years. Furthermore, Paul fundamentally believes our money should revert back to the ‘Gold Standard,’ and feels it is “a fallacy to believe the U.S. has a free market economy.” Paul’s unique libertarian teachings have inspired a great number of people to embrace free-market economics and question the current way governments operate.

In Paul’s latest paper, The Dollar Dilemma, he details just how bad the monetary system is today, and explains how precious metals and cryptocurrencies can co-exist to help fight against the decaying global economy.

“The economy is run by a conglomerate of individuals and special interests, in and out of government, including the ‘Deep State,’ which controls central economic planning,” explains Paul’s paper.

Rigging the economy is required to prevent market forces from demanding a halt to the mistakes that planners continuously make — This deceptive policy can last only for a limited time — Ultimately, the market proves more powerful than government manipulation of economic events.

'Cryptocurrencies and Precious Metals Can Co-Exist,' Explains Ron Paul

Cryptocurrencies & Gold: A Combination of the Old and New Monetary Practices

Paul further asks whether or not precious metals will serve as a better system for the future or if it will be the concept of cryptocurrencies. He believes the proper way to assess the situation is to make certain that “free people in the marketplace make the choice whether the use cryptos, absent the dictates of government and central banks.” Paul emphasizes the process “requires the rejection of the use of force and fraud for any chance of achieving success.” In order for cryptocurrencies to challenge the history of precious metal acceptance it will take a “significant amount of time to reach consensus,” explains the former U.S. senator.

“The marketplace is quite capable of sorting out the advantages and disadvantages of cryptocurrencies and precious metals. The biggest challenge will be to get the government out of the way to allow this choice,” Pauls paper details. “It’s conceivable that cryptocurrencies, using blockchain technology, and a gold standard could exist together, rather than posing an either-or choice — Different currencies may be used for certain transactions for efficiency reasons.”

The desire for storage and speed can make a difference in choosing a currency. It appears that decentralized ledger technology will also be useful outside the sphere of digital currencies. A combination of gold and crypto will prove to be a lot more achievable than getting people to adapt to a totally new concept of money.

“A Modern Day Currency Needs an Enlightened Attitude About What the Proper Role for Government Ought to Be in a Civil Society”

The paper further states that each type of money may serve different needs and cryptocurrencies may be able to help with privacy, especially when it involves larger transactions and settlement across greater distances. Paul says the biggest challenge right now for digital currencies is satisfying the prerequisites of a ‘standard unit of account.’ In Paul’s view, a workable currency must keep the public confident and the monetary unit needs to be easily exchanged and hold reliable “real value.”

'Cryptocurrencies and Precious Metals Can Co-Exist,' Explains Ron Paul

“For society to advance to the point of accepting a truly denationalized monetary system, a significant amount of energy will be required to rein in the power of government authoritarians — A modern-day currency needs an enlightened attitude about what the proper role for government ought to be in a civil society,” Paul’s paper reveals. “We can use technical science for advancing civilization, but no one can ‘own’ it — As valuable as wheel technology was, no one ever bought and sold this technology as a piece of property.”

The question that can only be answered by the marketplace is whether or not blockchain technology is just another great scientific breakthrough, or can it, in combination with cryptography, become a functional currency? The basic question boils down to this: Do all new currencies need to be based on something tangible?

The full transcript of Ron Paul’s paper The Dollar Dilemma can be found here on Mises.org.

Written by Bitcoin.com

 

VeChain Arrives: What to Know About the $ 1.5 Billion Blockchain for Business

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Yet another top-20 cryptocurrency has officially released live software.

As of 0:00 UTC Saturday, the first block on the VeChain blockchain, whose token supply is valued at $ 1.46 billion at writing, has been mined, marking a milestone for a project that aims to convince businesses to adopt code tied to a crypto asset traded on a public market.

Seeking to address obstacles with public blockchains like ethereum and bitcoin (namely alleged governance inefficiencies, economic model issues and design difficulties), the project also hopes to eclipse solutions like Hyperledger that have so far been the go-to platforms for business.

In short, founded by former CIO of Louis Vuitton China, Sunny Lu, VeChain hopes to be the first to put “real business” applications on a public blockchain.

“Right now, if we look at all the existing public blockchains, there is a common economic model which is from bitcoin that tries to motivate more people to join the network,” Lu explained. “The cost to use public blockchains is linked to the token valuation on the blockchain directly.”

For the execution of more exotic blockchain features like smart contracts and decentralized applications, Lu argues this is a problem.

He told CoinDesk:

“It kind of generates a typical paradox which is, the more utility, the more use cases, the higher valuation of the token. It also means a higher cost to use the blockchain, and that means no one will use it anymore if the cost is too high.”

To solve this, VeChain uses a twin token system in which its VET asset functions as a store of value, and the VeThor token represents the underlying cost of using the blockchain. (The project is not alone in using such a system. Both Neo and Ontology (whose launch is underway) also support twin tokens that seek to break up varying user behaviors.)

Still, another means by which VeChain has sought to differentiate is by emphasizing what Lu calls “ready to wear” software that reduces development time and costs.

“All of the public blockchains running in total decentralization mode are like naked blockchains to most enterprises,” Lu said. “Because it’s just open source for the core codes, if you want to build up an application, you’ve got to do everything by yourself starting from scratch.”

Early backing

But perhaps what distinguishes VeChain from its competitors is the extent to which enterprises are already said to be involved in that process. VeChain boasts partnerships with automobile manufacturers BMW and Groupe Renault, and global quality assurance and risk management company DNV GL.

Some partners, like DNV GL, have even taken on a more technical role in the project’s execution – specifically within its governance system, a key part of VeChain’s pitch to businesses.

Notably, the project uses a system called “proof-of-authority” (PoA) to govern how its blockchain rules can be altered, which Lu says offers enterprises “a balance between decentralization and centralization.”

VeChain is not the first project to attempt to walk this line.

EOS and Tron have also experimented with new governance models in which software users are positioned as “community members” that can use their tokens to elect delegates (nodes) to validate blocks.

In this way, VeChain’s consensus system has two components. The first, what Lu refers to as the “decentralized part,’ is that token holders have the ability to vote, and that the weight of their vote corresponds to the number of VET tokens they hold and whether or not they complete a KYC process.

Some token holders, like DNV GL, also run nodes, and to do so, must meet certain requirements.

“Every node will have specifications, not only about hardware, but about the security level and process, how to manage your nodes and your contribution to the VeChain community,” Lu told CoinDesk.

All voters use their “voting authority” to have a voice in decisions about technical modifications to the blockchain and to elect VeChain’s “Steering Committee.” This is what Lu calls “the centralized part,” which is the seven-seat governing body of the VeChain Foundation and its blockchain.

“Those seven seats of the committee, we will execute any decisions coming from the voting process, even including who should be next in the Steering Committee,” Lu said. “By doing that, you maintain the publicity or transparency of a decentralized part and also maintain the efficiency of a centralized part.”

Finding a sweet spot

So, while decentralization maximalists have been critical of the DPoS and PoA systems, businesses don’t seem to share their concerns.

Renato Grottola, senior vice president of digital transformation and M&A at DNV GL, told CoinDesk that he believes VeChain’s governance model represents “an optimal balance between centralization and decentralization, reducing uncertainty related to future developments.”

Likewise, Danny van de Griend, CEO of MustangChain, a startup which intends to use VeChain’s technology to create a more transparent equine industry with better data accessibility, agrees.

“If you want to have it fully decentralized, it can become a mess,” he told CoinDesk. “You need a good balance between centralized and decentralized.”

De Griend continued:

“You don’t have to think about the basics anymore. Those basic protocols are ready to be used, so you can think more now about, ‘What can I develop now for the stakeholders?’”

Grottola added that this makes it easy for DNV GL to develop supply chain-specific solutions.

“VeChain has been conceived as a platform; it combines blockchain technology with IoT and AI thus offering the possibility to develop supply chain solutions both at product/asset and enterprise level.”

More to build

But the launch Saturday won’t mark the end of VeChain’s development.

While it marks the creation of the genesis block and the start of the generation of VeThor tokens, the blockchain won’t be fully functional for some time. Before the technology can be truly live, VeChain must migrate its tokens from the ethereum blockchain to its mainnet, a process scheduled for July.

Likewise, Lu acknowledges that mainnet launches, in which large sums of cryptocurrency are handled and transferred by developer teams, always come with risk.

“We have some enemies for sure,” Lu said. “People will try to attack.”

For this reason, he added that VeChain has enlisted several cybersecurity firms to conduct testing on its code prior to the launch. Likewise, the project has an “emergency response team” (ERT), which will “monitor the entire mainnet launch” to respond to issues.

According to Grottola, DNV GL is confident that VeChain’s measures will be sufficient to ensure a smooth launch.

“This is a normal practice in business, [but] not so common for crypto startups. That kind of structured approach has been one of the key criteria for choosing the VeChain initiative among other concurrent platforms,” he said.

Other partners are optimistic, too. Kurt Connolly, senior vice president of business development at sports and gambling platform Decent.Bet, which plans to use VeChain’s technology, said the company thinks the odds of a successful launch are in VeChain’s favor.

He told CoinDesk:

“We’re realists. We know that the next ‘perfect’ product launch will be the first ever ‘perfect’ product launch. There are always bugs to fix here or there.”

Sunny Lu image via VeChain
Written by CoinDesk.com

 

 

SVK Crypto – Daily News Blog

Zcash for will not deal with the ASIC-mi

The zcash for members of the community voted against the allocation of resources to develop a solution that would make the network invulnerable to zcash for mining with ASIC-s.

According to the results of the vote, which was held by the Fund zcash for 45 people voted “against” the development of a solution that “would prevent the use of ASIC-s”. “For” the decision voted only 19 people.

The threat of ASIC mining is hotly debated in the community recently. Many miners don’t like the fact that for mining with ASIC-s you need to invest much more money than mining with graphics cards. Many believe that mining using video cards creates a more decentralized network of miners.

Andrew Miller, President of the Foundation zcash for, said he was “surprised” at the results of the vote:

It’s a pretty strong signal on the disputes. As I understand it, we are not going to make hasty decisions and redirect all the resources of the Fund zcash for the creation of solutions to prevent mining with ASIC-s.

The vote was attended by 64 elected representatives of the community zcash for who voted for 7 different issues.

This result, however, does not mean that zcash for not going to work in this direction.

Among the issues on which decisions were made was also a question of allocation of resources for long-term research in the field of more efficient algorithms. For this decision voted by 38 to 26.

At the workshop on mining, held on Tuesday, zcash for Company, which is engaged in the development of this cryptocurrency has announced that it will formulate its position on the issue of ASIC mining before the upcoming update Sapling in October.

The Fund operates independently of the zcash for zcash for Company and trying to make process decisions on the development of the network is more decentralized.

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More than 1,000 cryptocurrency projects are “dead”

According to TechCrunch, more than a thousand cryptocurrency projects “already dead” as of June 30, 2018. TechCrunch made a similar statement based on data from two sites: Coinopsy and DeadCoins.

Coinopsy provides data on a large number of cryptocurrencies, including those that are already “dead”. The website defines a token as “dead” if it happened at least one of the following events: “the site is not supported, the network is not active gcd, the problem with the wallets, no updates in social networks, low trading volume, the developers have left the project”.

According to Coinopsy, at the moment there are 247 of “dead” coins. These include the notorious Bitconnect, which was closed in January 2018, and which the site describes as “the most successful fraudulent project in cryptography”.

On the website DeadCoins a list of dead cryptocurrencies are much longer – it 830 points. Among them is the recent ICO Titanium Blockchain Infrastructure Services, which has been closed by the Commission on securities and exchange Commission (SEC) for fraud.

According to a press release by the SEC, Titanium drew $ 21 million from investors from the U.S. and other countries. In his statement, SEC warns investors about ICO as extremely risky type of investment:

We have several cases related to fraud during the ICO. We again urge investors to exercise extreme caution when investing in such projects.

Since the beginning of the year 537 ICO, totaling over 13.7 billion dollars. For comparison, in 2017 was carried out in total 552 ICO, and the volume was just over $ 7 billion. According to TechCrunch, fraudulent and dead ICO in 2017 gathered $ 1 billion.

See also – the Number of ICO in 2018 already twice exceeded indicators of last year

21 Jun CEO of Nasdaq adena Friedman said that the ICO are “serious risks” for retail investors, arguing that the projects that are raising money so the “almost no control”.

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Qiwi has launched “the first” crypto investment Bank in Russia

As reports the edition “Kommersant” Qiwi Blockchain Teсhnologies (QBT) has launched Russia’s first cryptocurrency investment Bank under the name “HASH”.

HASH based on the “classical model of investment banking,” according to “Kommersant”, is a platform for the ICO. Yakov barinskiy, chief financial officer QBT (CFO), said that the HASH “will help companies pass phase of collecting money”.

According to “Kommersant”, HASH plans to cooperate with international funds specialized in investing in cryptocurrency assets. According to brinskogo, the company is already working with ten such funds with the largest of them has a turnover of approximately $ 100 million.

Barinsky also said that HASH will provide services for trading digital currencies next year, after the company receives the necessary license. July 1, the government plans to present its primary bill for the regulation of cryptocurrencies and blockchain sphere.

Founded in 2007 in Moscow, Qiwi has become one of the largest payment services in Russia and also in Ukraine, Kazakhstan, Moldova, Belarus, Romania, USA and the United Arab Emirates. The company is also included in the list of 39 international companies, which cooperate with a consortium of R3 in the identification of clients.

Subsidiary Qiwi QBT was launched in March 2017 with funding in the amount of 100 million rubles (1.6 million USD) to develop internal blockchains products.

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Chinese miners were affected by the floods

As reported by the Chinese blockchain-edition Golden Finance, the recent flooding in Sichuan province has caused serious damage to the largest miners in the region.

Ecns, official English Department news service of China (CNS), reports that on 27 June 28 June in Sichuan province and other four provinces of China fell to abnormally high rainfall that led to flooding.

Golden Finance argues that one of the largest mining farms in Sichuan province has suffered so much that she is unlikely to recover. Tens of thousands of devices were destroyed due to flooding.

At the moment it is not clear what is the mining of cryptocurrencies was involved in this farm, and nobody knows how much bitcoin was lost as a result of the failure of the mining equipment.

The main share in the market of mining bitcoin accounts on China – up to 70%. In particular, the Sichuan province is often called the capital of bitcoin mining because of the high concentration of mining farms in this region known for its cold climate and cheap electricity.

Several news publications, including Golden Finance, associated with the floods in Sichuan province with the fall Hasrat in the Bitcoin network. However, the data of the website Blockchain.com show that Herat, in fact, increased from 27 to 28 June, indicating that the effect of the floods was not so significant to affect the whole network.

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Russian billionaire founded the state space with cryptocurrency SOLAR

On Earth there is a new space a state called “Asgardia”. Its first leader was the Russian scientist and billionaire Igor ashurbeyli.

About the official appearance of the new state ashurbeyli announced at a ceremony held on Monday in Vienna.

“We’ve created all branches of the nation. I can say that Asgardia was born”, — said the billionaire.

Despite the fact that Asgardia has no territory on Earth, she has about 200 thousand citizens who received an e-passport through the Internet. In the future ashurbeyli plans to launch the platform with the houses in earth orbit, and also to establish settlements on the moon.

Asgardia has everything you need for a functioning state: a Constitution, flag, anthem and elected representatives, in addition, the country is working on using a new cryptocurrency Solar for the formation of its economy. As for the connection with the Earth, ashurbeyli said that they plan to make the country independent.

“Asgardia will develop infrastructure that will not depend on terrestrial systems, he says. — Asgardians are portable devices integrated with passports, credit cards and traditional smartphones”.

Some of the more altruistic plans ashurbeyli include providing global Internet access and access to asgardian technology, and creating a fleet to protect Earth from asteroids. In the end, the head space of the state sees Asgardia not so much a country as the next step in human development.

“Outer space is infinite, and space exploration will give Homo sapiens the opportunity to become immortal as a species,” — said the billionaire.

The name of the country was in honor of the heavenly city of Asgard — the abode of the gods in Norse mythology. In addition, Asgard is mentioned in the popular kynoselen Marvel, where he is building one of the main characters — God of thunder: Thor.

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