#CryptoCorner: #Coinbase to Offer Crypto Gift Cards in EU and Australia, #Bitmain Plans $1 Billion Finance Round and Bitwise Files with SEC for #Crypto #ETF
#CryptoCorner: #Coinbase to Offer Crypto Gift Cards in EU
and Australia, #Bitmain Plans $1 Billion Finance Round and Bitwise Files with
SEC for #Crypto #ETF
July 25th #CryptoCorner and Podcast sponsored by Crypto
payment tech, #Flip @FlipToPay ($NXTD)
Point Roberts, WA, Delta BC – July 25, 2018 - Investorideas.com, a leader in crypto and
blockchain investing news reports on what’s driving the cryptocurrency markets
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Crypto
Corner July 25, 2018
Read this in full at http://www.investorideas.com/news/2018/crypto-corner/07251Coinbase-Bitmain-Bitwise.asp
Coinbase to Offer Crypto Gift Cards in EU and Australia, Bitmain Plans
$1 Billion Finance Round and Bitwise Files with SEC for Crypto ETF
In a blog post today, Coinbase UK CEO Zeeshan Feroz announced
that customers in the EU and Australia would be able to use crypto stored on
the platform to buy e-gift cards. Through their new partnership with gift card
company WeGift, users have access to e-gift cards from major retailers such as:
Nike, Uber, Google Play, Ted Baker, Ticketmaster and more.
Feroz indicated that Coinbase intends to expand the
number of participating retailers and countries. He also wrote that the
partnership with WeGift made the use of crypto as an actual currency more
tangible.
“Making crypto
easier to use, trade and spend is a core part of our efforts to improve the
customer experience. With the launch of e-gift cards, customers now have the
option to spend their crypto balances, realising its value to buy tangible
things or experiences.”
Crypto mining
giant Bitmain is planning a $1 billion round of financing in the lead up to
their Hong Kong public listing at the end of the year, according to local news
outlet Toutiao. A rough translation of the piece indicates Bitmain’s
market share:
“From the
market's sales volume, computing power, pool capacity and other indicators, Bitmain
has a market share of more than 50%, which is the leading company in the global
Bitcoin mining machine.”
According to a
press release today, Bitwise Asset Management announced their filing of
a registration statement for a new exchange traded fund (ETF) with the U.S.
Securities and Exchange Commission (SEC). The ETF will be called the Bitwise
HOLD 10 Cryptocurrency Index Fund, and will track the returns of the company’s
market-cap-weighted index of the 10 largest cryptocurrencies. John Hyland, the
company’s Head of Exchange-Traded Products commented on the nature of the ETF
and the registration process:
"We know
that the current crypto ETF filings have generated a great deal of discussion
and analysis within the SEC about this emerging asset class, and the SEC and
its staff, to their credit, have asked for public comment on a wide range of
issues relating to these products. We expect the staff of the SEC has had
ongoing discussions with the investment firms making the crypto filings to
date, and we look forward to having our own discussions with the SEC about the
nature of our proposed offering."
Sam Mowers, Investorideas
Crypto Corner Sponsors:
Flip™ is the creation of Fit Pay, Inc., a leading provider of
cutting edge payment technology and a subsidiary of NXT-ID (NASDAQ: NXTD).
By leveraging the FitPay Payment Platform™, Flip enables cryptocurrency holders
to seamlessly exchange their cryptocurrency for US dollars and store that value
on a contactless payment device that can be used to make purchases at millions
of retail locations. https://www.fliptopay.com/
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