#CryptoCorner; #Coincheck Readies for Comeback and Expansion, TASE Implements #Blockchain and JPMorgan Names New ‘Head of Crypto Assets Strategy’
#CryptoCorner; #Coincheck Readies for Comeback and
Expansion, TASE Implements #Blockchain and JPMorgan Names New ‘Head of Crypto
Assets Strategy’
Point Roberts, WA, Delta BC – May 18,, 2018 - Investorideas.com, a leader in crypto and
blockchain investing news reports on what’s driving the cryptocurrency markets
with today’s edition of Crypto Corner.
Coincheck Readies for Comeback and Expansion, TASE Implements Blockchain
and JPMorgan Names New ‘Head of Crypto Assets Strategy’
Coincheck, the Japanese cryptocurrency exchange
that was subject to a $500 million USD hack in January, is planning to expand
to the U.S. Bloomberg reports that the company’s new owners, Monex Inc., expect to restore
its credibility in the coming weeks.
“Monex Chief Executive Officer Oki Matsumoto said
he expects the exchange to secure an official license in Japan next month. He’s
also planning to bring Coincheck’s platform to America.”
On the decision to get involved in the American
market, Matsumoto said the U.S. confers advantages when it comes to courting
investors.
““Japan may seem like it’s one step ahead in
crypto, but in terms of deciding what’s a security or a token and attracting
institutional investors, the U.S. and Europe are moving ahead,” he said in an
interview from his 25th floor office in central Tokyo.”
Tel Aviv Stock Exchange (TASE) has developed a
blockchain securities lending platform according to a recent press release. Citing the lack of a central securities lending platform in Israel,
the piece outlines the rationale for the project and the benefits of the
blockchain:
“The purpose of this project is to create one
central platform that will transform the Securities Lending market in Israel by
enabling direct lending among all the major financial instruments. The platform will function as a one-stop-shop
for all securities lending activities, permitting access to larger securities
volumes within shorter time frames, even operating in shorter-term positions.”
“The use of Distributed Ledger Technology (DLT) as
the basis of this new trading platform will harness some of the blockchain’s
primary advantages and features, such as direct peer-to-peer transactions,
Smart Contract, and enhanced security through immutability. All of these are expected to benefit TASE,
its custodians and their clients by reducing costs, increasing security and
enabling the market to exploit its full potential.”
JPMorgan have named 29-year old Oliver Harris as
their head of crypto assets strategy, according to a report at Business Insider. Harris, based in London, was formerly in charge of JPMorgan’s In
Residence programme, which “identifies and partners with promising fintech
startups.” According to the report, Harris will be scouting new crypto
endeavors for JPMorgan and implementing blockchain to payment systems.
“Harris will
be identifying and spearheading new crypto projects for the bank, rather than
actively trading cryptocurrencies. Financial News reports that Harris will look at crypto custody services
and how blockchain could work in JPMorgan’s payments business.”
Sam Mowers, Investorideas.com
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