Investorideas.com breaking Bitcoin, blockchain and crypto stock news

Thursday, October 17, 2019

#CryptoCorner: Bank of America (NYSE: $BAC) Testing Ripple DLT, France’s Finance Minister Pens Op-Ed Criticizing Libra (NASDAQ: $FB), BIGG (CSE: $BIGG.C) Reports on Netcoins Milestones




#CryptoCorner:  Bank of America (NYSE: $BAC) Testing Ripple DLT, France’s Finance Minister Pens Op-Ed Criticizing Libra (NASDAQ: $FB), BIGG (CSE: $BIGG.C) Reports on Netcoins Milestones




Point Roberts, WA, Delta BC October 17, 2019 -  Investorideas.com, a leader in crypto and blockchain investing news brings you today’s edition of the Crypto Corner podcast and commentary on what’s driving the cryptocurrency market .

Listen to today’s Crypto Corner Podcast:  



Stocks discussed: (NYSE:BAC) (NasdaqGS:FB) (CSE:BIGG)

Bank of America (NYSE:BAC) is testing out Ripple’s distributed ledger technology, according to a report from CoinDesk today. A Ripple spokesperson told CoinDesk:

“Bank of America has been part of Ripple’s Global Payment Steering Group since 2016 and we did a pilot with them.”

Bank of America’s membership in this group positions it to advise on rules and standards for Ripplenet, the network of financial institutions using Ripple products. Additionally, the recent report of a job listing for Treasury Product Manager – which includes the responsibility of leading “the product management team for the Ripple Project” – may indicate that the bank is developing a considerable interest in blockchain technology.

French finance minister Bruno Le Maire wrote on op-ed for the Financial Times, in which he cautioned against Facebook’s (NasdaqGS:FB) Libra. Le Maire warned that currencies from a private firm like Facebook risked undermining state-controlled fiat currencies. He wrote:

“France’s position is clear: we want financial innovation to respect the sovereignty of states. Neither political nor monetary sovereignty can be shared with private interests.”

He followed up the op-ed with the following tweet:

“#Libra does not only raise issues of security and financial stability. Libra is actually asking states to share monetary sovereignty with a private company. This is unacceptable!”

Messaging service Telegram will delay the launch of its Telegram Open Network (TON) blockchain project, according to Cointelegraph. This was instigated by a recent U.S. Securities and Exchanges Commission (SEC) conclusion that Telegram’s $1.7 billion dollar token offering was illegal. The firm has a hearing scheduled with regulators in New York on Oct. 24, where it will challenge the SEC’s decision. In the meantime, Telegram sent a letter to investors regarding the moving of the launch deadline.

BIGG Digital Assets, Inc. (CSE:BIGG) has provided an update on its wholly-owned subsidiary, crypto brokerage platform Netcoins. According to the press release, Netcoins achieved a lifetime milestone of processing $125 million in transactions since inception via online brokerage, virtual ATM and OTC services. The platform also processed some $59 million in transactions in 2018 and is tracking to $69 million for the first three quarters of 2019. Netcoins president Mitchell Demeter commented:

“We are thrilled to now be part of the BIGG Digital Assets family. Crypto winter seems to have thawed out, and Netcoins has continued to evolve in order to take full advantage of the next bull run in crypto. With a compliance first approach, we want to ensure that every customer’s money is safe and that the platform meets their needs in every way. Through new banking relationships, and the financial backing of BIGG, Netcoins is well positioned for growth into 2020 and beyond.” 

Sam Mowers, Investorideas

For investors following the sector Investor Ideas has a comprehensive Bitcoin, Blockchain and Digital Currency Stocks Directory

About Investorideas.com - News that Inspires Big Investing Ideas Investorideas.com is a recognized news source publishing third party news, research and original financial content. Learn about investing in stocks and sector trends with our news alerts, articles, podcasts and videos, looking at cannabis, crypto, AI and IoT, mining, sports biotech, water, renewable energy and more. Investor Idea’s original branded content includes the following podcasts and columns : Crypto Corner , 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 , Exploring Mining  the AI Eye .


The Investorideas.com podcasts are also available on iTunes,  Spotify, Tunein, Stitcher, Spreaker.com, iHeartRadio and Google Play Music.

Visit the Podcast page at Investorideas.com:

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 investing involves risk and possible losses. This site is currently compensated for news publication and distribution, social media and marketing, content creation and more. 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. Contact management and IR of each company directly regarding specific questions.
More disclaimer info: https://www.investorideas.com/About/Disclaimer.asp Learn more about publishing your news release and our other news services on the Investorideas.com newswire https://www.investorideas.com/News-Upload/ and tickertagstocknews.com
Global investors must adhere to regulations of each country. Please read Investorideas.com privacy policy: https://www.investorideas.com/About/Private_Policy.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

Follow us on Twitter https://twitter.com/Investorideas
Download our Mobile App for iPhone and Android  

Contact Investorideas.com
800-665-0411



Get more Bitcoin and Blockchain Investor ideas  – news, articles, podcasts and stock directories 



No comments:

Post a Comment

Top 10 Most Traded Cryptos in September

Top 10 Most Traded Cryptos in September