#CryptoCorner: #Crypto Market Cap Lowest Since May, (NYSE: $ICE) Announces Cash Settles BTC Futures Launch and Silvergate (NYSE: $SI) Plans Crypto Lending Product
#CryptoCorner: #Crypto
Market Cap Lowest Since May, (NYSE: $ICE) Announces Cash Settles BTC Futures
Launch and Silvergate (NYSE: $SI) Plans Crypto Lending Product
Point Roberts, WA, Delta BC November 22,
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:
Read
this in full at https://www.investorideas.com/news/2019/crypto-corner/11221ICE-SI.asp
Stocks discussed: (NYSE:ICE) (NYSE:SI)
The crypto market
is red as we enter the weekend. Data from CoinMarketCap indicates that total market capitalization
is at its lowest point since May this year, clocking in at $192 billion USD at
press time. This downtrend began about a week ago but accelerated yesterday.
Bitcoin (BTC), which continues to dominate the market
with a share of 66 percent, is trading for $7,100 currently.
The People’s Bank
of China (PBoC) issued a statement yesterday outlining its commitment
to stifling the trading of cryptocurrencies despite the government’s recent
endorsement of blockchain technology. Excerpts from the statement read:
Recently, in the process of promoting and promoting
blockchain technology, virtual currency speculation has shown signs of rising.
The statement went
on to discourage the conflation of blockchain and crypto:
Once it is discovered, it will be disposed of
immediately, and it will be prevented from happening early. Investors should be
careful not to mix blockchain technology with virtual currency.
Intercontinental
Exchange, Inc. (NYSE:ICE) released a blog post yesterday announcing that Bakkt’s
cash settled Bitcoin futures contracts will be launched on December 9, 2019.
The contracts “will be listed on ICE Futures Singapore and cleared by ICE Clear
Singapore, which are regulated by the Monetary Authority of Singapore”. Lucas
Schmeddes, President & COO of ICE Futures and Clear Singapore, commented:
“Our new cash settled futures contract will offer
investors in Asia and around the world a convenient, capital efficient way to
gain or hedge exposure in bitcoin markets. Building off the success of our
deliverable futures contract, the cash settled futures will leverage ICE’s
regulated, globally-accessible market to offer a safe, secure and compliant
environment for the trading of bitcoin.”
CoinDesk reports that Silvergate Capital
Corporation (NYSE:SI) “is providing fresh capital for new
products to meet the rising demand from institutions for full cryptocurrency
lending and deposit solution”. Additionally, the commercial bank “plans to
launch a cryptocurrency lending product in the fourth quarter and settlement
and custody services for fiat currencies and digital assets by June 2020 at the
latest” which “would be part of the Silvergate Exchange Network (SEN) – a
payment system designed for crypto exchanges and their big clients to transfer
funds in the network.”
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
Contact
Investorideas.com
800-665-0411
Comments
Post a Comment