#CryptoCorner: Huobi Launching Institutional Team in US, French Luxury Brands Company LVMH (LVMH.PA) to Debut #Blockchain Platform in May

#CryptoCorner: Huobi Launching Institutional Team in US, French Luxury Brands Company LVMH (LVMH.PA) to Debut #Blockchain Platform in May

Point Roberts WA, Delta BC, March 27, 2019 -  Investorideas.com, a leader in crypto and blockchain investing news, in partnership with Fit Pay, Inc.’s  (subsidiary of NXT-ID (NASDAQ: NXTD) crypto payment tech, Flip and  the Genesis Exchange and Wallet  App bring you today’s edition of the Crypto Corner podcast and commentary on what’s driving the cryptocurrency market .

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March 27 Crypto Corner

Huobi Launching Institutional Team in US, French Luxury Brands Company LVMH to Debut Blockchain Platform in May, Boerse Stuttgart and Axel Springer to Launch Trading Platform and Coinbase Giving Away 1 Billion XLM
Stocks discussed: (LVMH.PA)

Huobi Global’s U.S. division is launching a new institutional team in a bid to attract investors, according to a report from CoinDesk. The report indicates that the group will be headed by Katelyn Mew and Oren Blonstein. The former being “a veteran of asset management powerhouse BlackRock and discount brokerage Charles Schwab”, and the latter, “from fintech provider Tora Trading Services”. Part of the announcement from Huobi reveals that the team is looking to introduce OTC trading and possibly a stablecoin. Blonstein told CoinDesk:

“We set up a new institutional sales and customer service group just to have some focus and resources on this segment of the market where we see a lot of the growth coming from. We’re entering the market now with a real institutional offering, we’re definitely going to be offering some new products and services.”
French luxury goods brand LVMH (LVMH.PA) is launching AURA, a blockchain for proving the authenticity of high-priced goods, according to CoinDesk. The platform will go live in May or June with leading LVMH brands Louis Vuitton and Parfums Christian Dior, after which it will be extended to LVMH ‘s other 60-plus luxury brands. Two people familiar with the project say LVMH is working with ConsenSys and Microsoft Azure on the project. A source told CoinDesk:

“To begin with AURA will provide proof of authenticity of luxury items and trace their origins from raw materials to point of sale and beyond to used-goods markets. The next phase of the platform will explore protection of creative intellectual property, exclusive offers and events for each brands’ customers, as well as anti-ad fraud.”

German stock exchange Boerse Stuttgart and media group Axel Springer plan to launch a digital asset trading platform, according to an announcement from Axel Springer subsidiary Finanzen.net. Boerse Stuttgart will hold a 70 percent majority, with Axel Springer taking the remaining 30 percent.

According to a series of tweets yesterday, Coinbase is giving away 1 billion Stellar Lumens (XLM). Eligible users are able to earn up to $50 of Stellar. $10 comes from learning about Stellar through tutorials, and another $40 can be earned by inviting up to four friends to do the same.

Sam Mowers, Investorideas

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