Cyrptocurrency news and stock alerts and Crypto Corner Podcast
Get link
Facebook
X
Pinterest
Email
Other Apps
Investorideas.com - #CryptoCorner: #XRP Comeback, Circle Announces USD Coin, #Bitmain Posts Application for HKEX Listing, #Coinbase to Introduce New Listing Process, Over 70 Banks to Join JPMorgan's Blockchain Payment Platform
#CryptoCorner: #XRP Comeback, Circle Announces USD Coin, #Bitmain Posts Application for HKEX Listing, #Coinbase to Introduce New Listing Process, Over 70 Banks to Join JPMorgan's Blockchain Payment Platform
September 26th #CryptoCorner and Podcast sponsored by Crypto payment tech, #Flip @FlipToPay ($NXTD) and Genesis Exchange and Wallet App
Point Roberts, WA and Delta, BC - September 26, 2018 (Investorideas.com Newswire) 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, now available in podcast.
XRP Comeback as Market Shows Modest Recovery, Circle Announces USD Coin, Bitmain Posts Application for HKEX Listing, Coinbase to Introduce New Listing Process and Over 70 Banks to Join JPMorgan's Blockchain Payment Platform
Stocks discussed: (NYSE:JPM) (NYSE:RY) (ASX:ANX)
The crypto market has seen a modest recovery in the past 24 hours, with total market capitalization up to $216 billion USD at press time, according to CoinMarketCap. XRP has exhibited a 20 percent comeback since yesterday, briefly overtaking Ethereum (ETH) again to become the second largest crypto by market cap earlier today. Bitcoin Cash (BCH) has also shown a decent comeback with 11.5 percent growth since yesterday.
Crypto finance company Circle today announced the launch of their US dollar-pegged stablecoin, USD Coin (USDC), in collaboration with open source consortium CENTRE. In a blog post, Circle co-founders Sean Neville and Jeremy Allaire explain how users can enrol in the service to deposit US dollars from bank accounts and then exchange them for tokens that can be used online. Similarly, users can cash out their tokens for US dollars with their bank accounts. Interestingly, USD Coin will not be exclusive to Circle, as CENTRE allows for other firms to come aboard.
"While Circle may be the first USDC issuer, we will certainly not be the last. Leveraging $20m in funding raised last year, CENTRE is launching its broader membership framework which includes other established financial technology firms as additional issuers. Over the coming weeks, CENTRE will share more about these other members beyond Circle."
Bitcoin mining giant Bitmain posted a draft application for public listing on the Hong Kong Stock Exchange (HKEX). While the document does not show how much the firm will be valued at, it reveals that revenue from 2017 was $2.517 billion USD, a massive increase from the $137 million USD it made in 2015.
Crypto exchange giant Coinbase has announced in a blog post that they are introducing a new process that will allow them to list additional coins "rapidly". The new process allows issuers to submit a form for application on the network but Coinbase will still reserve the ability to list coins that have made no such application. Along with the expected increase in listings and rate of new listings, the company will improve its "tools and educational materials" to help customers keep up.
The Financial Times reports that more than 70 banks are joining JPMorgan’s (NYSE:JPM) Ethereum-based payment platform. The Interbank Information Network (IIN), an effort led by JPMorgan along with the Royal Bank of Canada (NYSE:RY) and the Australian and New Zealand Banking Group (ASX:ANZ), is intended to compete with blockchain-based payment solutions emerging from non-banks in the private sector. Bank analyst from JPMorgan Jason Goldberg said:
"Payment is one of the segments banks worry most about in terms of ceding to non-bank competition. Blockchain is a way to keep more of that [payments business] in-house."
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/
GBT is a powerful cryptocurrency centralized / decentralized exchange which will include a broad range of services and benefits from cryptocurrency and blockchain markets development, while avoiding complications and risks arising from crytocurrency ownership, transfer, and exchange.
The powerful GBTDesk aggregator ensuring exchange of cryptocurrencies for fiat currencies under smart contracts without intermediaries is a key element of GBT.
Talk about the sector with other companies and investors- Join our LinkedIn Group Blockchain and Digital Currency Stocks and ICO's - Latest News and Commentary https://www.linkedin.com/groups/13560073
About Investorideas.com - News that Inspires Big Investing Ideas
Investorideas.com is a recognized news source publishing third party news and press releases plus we create original financial content. Learn about investing in stocks and sector trends from Investorideas.com with our news alerts, articles , podcasts and videos talking about cannabis, crypto, technology including AI and IoT , mining ,sports biotech, water, renewable energy and more. Investorideas.com original branded content includes the daily Crypto Corner and Podcast, Play by Play sports and stock news column, Investor Ideas #Potcasts#Cannabis News and Stocks on the Move podcast and column, Cleantech and Climate Change Podcast and the Stock Guru daily podcast on Support and Resistance Trading.
Disclaimer/Disclosure: Investorideas.com is a digital publisher of third party sourced news, articles and equity research as well as creates original content, including video, interviews and articles. Original content created by investorideas is protected by copyright laws other than syndication rights. Our site does not make recommendations for purchases or sale of stocks, services or products. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. All investment involves risk and possible loss of investment. This site is currently compensated for news publication and distribution, social media and marketing, content creation and more. Contact each company directly regarding content and press release questions. Disclosure is posted for each compensated news release, content published /created if required but otherwise the news was not compensated for and was published for the sole interest of our readers and followers. More disclaimer info: https://www.investorideas.com/About/Disclaimer.asp. Disclosure: this newsletter and podcast is sponsored content by featured companies NXt-ID (NASDAQ: NXTD) on behalf of Flip and GBT Technologies . More info: https://www.investorideas.com/About/News/Clientspecifics.asp
Cryptocurrency Disclaimer
Investorideas.com news content is not meant to be a solicitation to buy or sell cryptocurrencies and Investorideas.com does not directly sell cryptocurrencies; but acts as a news and research resource for interested investors following the blockchain sector.
Copyright and ownership: Crypto Corner is an Investorideas.com content brand
Comments
Post a Comment