#CryptoCorner: Binance Chain Mainnet Launches, Binance Starts Notre Dame Charity, ICE (NYSE: $ICE) to Apply for NY State #Crypto License to Usher Launch of Bakkt Exchange
#CryptoCorner: Binance Chain Mainnet Launches, Binance Starts Notre Dame
Charity, ICE (NYSE: $ICE) to Apply for NY State #Crypto License to Usher Launch
of Bakkt Exchange
Point Roberts WA,
Delta BC, April 18, 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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April 18 Crypto
Corner
Stocks discussed:
(NYSE:ICE)
CCN reports that the
world’s biggest crypto exchange, Binance, has launched the Binance Chain
Mainnet today. Binance Coin (BNB), which is currently
on the Ethereum (ETH) network, will be
the main cryptocurrency of Binance Chain. Speaking to CCN, the Binance team
said:
“Binance Chain was
created to support the issuance and exchange of digital assets. Any project can
issue new tokens on Binance Chain, and existing tokens that don’t depend on
smart contracts are welcome to migrate to Binance Chain, to natively exchange
on Binance DEX and gain the benefits from this low latency and high throughput
network. This will inspire more economic freedom, and more projects
participating in Binance DEX will help further the long-term vision of
peer-to-peer cryptocurrency trading.”
Binance has also launched a
charity fundraiser to support reconstruction
of Notre Dame cathedral in Paris, which suffered considerable damage from a
fire on April 15. At press time the charity has raised roughly $16,500 USD from
57 donations.
Reuters reports that Japan’s
Financial Services Agency (FSA), the country’s chief financial watchdog, will
require more robust oversight of cold wallet security from crypto exchanges.
This follows previous regulation from the FSA that prompted exchanges to move
away from the less secure hot wallets, which are connected to the internet
directly and henceforth more susceptible to hacking. The agency will assess
which of the 19 registered exchanges in the country need security improvements
and will order them accordingly.
New York Stock Exchange owner Intercontinental
Exchange (NYSE:ICE), might be seeking a
crypto custody license from New York State to accelerate the launch of their
delayed Bakkt crypto exchange, according to a report from Bloomberg. The platform was
intended to see a launch date back in November of 2018, but concerns over the
regulation of Bitcoin futures has caused delay.
According to a blog post yesterday, U.S.
crypto exchange giant Coinbase has expanded crypto to crypto trading services
to 11 new countries (Argentina,
Mexico, Peru, Colombia, Chile, India, Hong Kong, South Korea, Indonesia, the
Philippines and New Zealand), bringing the total to 53 across the globe. The
post explains the significance of the growth of crypto to crypto trading:
As crypto moves from the current “investment phase” into
what we call the “utility phase,” a host of new use cases will present
themselves. This could take the form of decentralized versions of traditional
financial services like lending or micropayments or truly novel crypto applications
that no one has even thought of yet. The ability to convert from one crypto to
another will form the backbone of this new decentralized economy.
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/
Genesis Exchange and Wallet App by Genesis Blockchain Technologies ( GBT)
@GenesisBlockch , @GbtTechnologies
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.You can Download the Genesis Exchange and Wallet App
at Google Play and on the Apple App Store. Learn more at http://www.mygenesis.io
More info on the sector:
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