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Tuesday, June 11, 2019

#CryptoCorner: South Korean Bank to Launch Digital Asset Custody Offering, Telegram Will Have Limited ICO through Liquid Exchange, Nasdaq Partners with CryptoCompare for New Product


#CryptoCorner: South Korean Bank to Launch Digital Asset Custody Offering, Telegram Will Have Limited ICO through Liquid Exchange, Nasdaq Partners with CryptoCompare for New Product




Point Roberts WA, Delta BC, June 11, 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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CoinDesk reports that South Korea’s biggest bank KB Kookmin will launch a digital asset custody offering. To do so, the bank has signed a strategic business agreement with blockchain startup Atomrigs Consulting, a company that secures digital assets such as cryptocurrencies using secure MPC (secure multiparty computation) technology. CoinDesk quotes a representative of KB Kookmin:

“We hope that the two companies will grow together by discovering innovative services in the field of digital asset management. We will continue to cooperate with various technology companies in the digital ecosystem to expand our offerings.”

Messaging app Telegram is selling its Gram token in a limited public sale through crypto exchange Liquid starting July 10, according to a report from TechCrunch. The limited sale excludes buyers in the U.S., Korea and Japan and precedes a full public sale in October this year. The funds raised through the sale will go toward the development of the company’s blockchain platform, the Telegram Open Network (TON). Mike Kayamori, co-founder and CEO of Liquid said in a press release today:

"We share the vision for a more secure and open value transfer system in order to enable the mainstream adoption of cryptocurrencies. The TON Blockchain infrastructure can help enhance Telegram's current capabilities as a peer to peer network of value, with the launch of their cryptocurrency light wallets for Telegram's highly engaged user base."

Cointelegraph reports that Nasdaq has partnered with crypto data provider CryptoCompare to launch a cryptocurrency pricing product targeted at institutional investors. Called the Nasdaq/CryptoCompare Aggregate Crypto Reference Prices, the product will “provide ostensibly minute-by-minute pricing data from those cryptocurrency markets that have the highest liquidity”. Charles Hayter, CryptoCompare’s co-founder and CEO, told CoinDesk:

“We are delighted to partner with Nasdaq on a joint Aggregate Crypto Reference Prices product. Reliable data is the bedrock of transparent, liquid markets and by bringing our high quality, granular dataset to a global institutional client base, via the Quandl platform, we will give traders and investors a competitive edge.”

The central bank of the Philippines is concerned over risks associated with cryptocurrencies, according to a report from the Philippine Star yesterday. The bank’s Deputy Governor Diwa Guinigundo warned that crypto could be disruptive for traditional banking systems:

“For this reason, game theory dictates possible dysfunction when there is market breakdown, when everyone may distrust one another. There cannot be a total disregard for a central bank or a third party that provides lender of last resort facility.”


Sam Mowers, Investorideas

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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)
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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




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