#CryptoCorner: Messaging Platform LINE Partners with ICON, #Coinbase Announces Suite Aimed at Investors and JP Morgan Co-President Talks #Crypto
#CryptoCorner: Messaging Platform LINE Partners with ICON, #Coinbase
Announces Suite Aimed at Investors and JP Morgan Co-President Talks #Crypto
Point Roberts, WA, Delta BC – May 16, 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.
Read this in full at http://www.investorideas.com/news/2018/crypto-corner/05161LINECoinbaseJPMorgan.asp
Messaging Platform LINE Partners with ICON, Coinbase Announces Suite
Aimed at Investors and JP Morgan Co-President Talks Crypto
LINE Plus Corporation, a subsidiary of Japan’s most
popular messaging app LINE, has announced that it
has partnered with South Korean blockchain project ICON. The joint venture,
called UNCHAIN, has announced ICON’s Hong-kyu Lee as CEO. The press release
says:
“unchain is
tasked with creating a token economy platform that better rewards the platform’s
users – as they are essentially the producers and consumers of information –
through incorporating ICON’s blockchain technology. In addition, the company
has been charged with developing LINE’s blockchain mainnet and decentralized
app services, which were announced in April at DEV WEEK 2018 in Seoul.”
Coinbase has announced the rollout of a suite of
institutional products in a recent blog post by company General Manager Adam White.
These include:
Coinbase Custody: “a service that couples Coinbase’s cryptocurrency security excellence
with third-party auditing and financial reporting validation that operates at
the high standard of an SEC-regulated, custodial broker-dealer.”
Coinbase Markets: a Chicago-based
electronic marketplace that “provides a centralized pool of
liquidity for all Coinbase products.”
Coinbase Prime: “a new platform designed specifically to provide a suite of tools and
services that institutional investors rely on when trading cryptocurrency.”
Coinbase International Coverage Group: “focused
exclusively on serving the needs of institutional clients by providing sales,
sales trading, research, market operations, and client services support.”
"We think
this can unlock $10 billion of institutional investor money sitting on the
sideline. We're seeing a rapid increase in attention awareness and adoption in
the cryptocurrency market."
Daniel Pinto,
Co-President and Co-COO of JPMorgan, said that they are “looking into” the
cryptocurrency space in an interview with CNBC.
This follows Goldman Sachs’ announcement
to launch Bitcoin futures trading and Intercontinental
Exchange’s (ICE) decision to open an online cryptocurrency exchange.
Pinto told
CNBC:
“I think the
concept is valid, you have many central banks looking into. The tokenization of
the economy, for me, is real. Cryptocurrencies are real but not in the current
form.”
Sam Mowers, Investorideas.com
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