#CryptoCorner: Galaxy Digital (TSXV: $GLXY.V) Starting #Bitcoin Funds, Bakkt (NYSE: $ICE) to Store Galaxy BTC, PayPal (Nasdaq: $PYPL) Leads Funding Round for #Crypto Risk Management Platform

#CryptoCorner: Galaxy Digital (TSXV: $GLXY.V) Starting #Bitcoin Funds, Bakkt (NYSE: $ICE) to Store Galaxy BTC, PayPal (Nasdaq: $PYPL) Leads Funding Round for #Crypto Risk Management Platform

Point Roberts, WA, Delta BC November 20, 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: (TSXV:GLXY) (NYSE:ICE) (NasdaqGS:PYPL)

Galaxy Digital Holdings Ltd. (TSXV:GLXY) is starting two Bitcoin (BTC) funds for accredited and institutional investors, according to a Bloomberg interview with the company’s CEO Michael Novogratz. Novogratz indicated that the initiative would target the wealthy in America “or people between 50 and 80 who may have stayed largely on the sidelines of cryptocurrency investing”. Novogratz said:

“You are seeing Bitcoin way outperform other coins right now, and I think that will continue until these coins start to get used for things. You also get more credentialed people -- there are probably 20 billionaires I could name that made their money outside of crypto and are in crypto now. Every speculative asset needs people to tell the story, and people are buying the story.”

CoinDesk reports that Bakkt, the digital assets firm owned by Intercontinental Exchange (NYSE:ICE), would store the Bitcoin for Galaxy’s two new funds. Kelly Loeffler, CEO of Bakkt, said:

“As institutions and sophisticated investors seek exposure to digital assets through new investment products, they are seeking the highest standards in asset security. The Bakkt Warehouse was designed to offer institutional-grade custody in safeguarding digital assets and to support the development of the market alongside products like the Galaxy Bitcoin Funds.”

Crypto compliance and risk management platform, TRM Labs, announced in a press release that it has raised $4.2 million in a funding round led by PayPal (NasdaqGS:PYPL), bringing the former’s total seed round to $5.9 million. Rahul Raina, co-founder and CTO of TRM Labs, commented:

"PayPal has been trusted by consumers for over 20 years because of its emphasis on fraud prevention and risk management. Their strategic investment in TRM signals their continued commitment to ensuring safety and compliance as the digital payments landscape evolves and innovates."

BNN Bloomberg reports that the Monetary Authority of Singapore (MAS) has proposed the listing and trading of crypto derivatives on approved domestic exchanges with oversight from regulation. MAS indicated that trading of crypto derivatives will be subject to the country’s Securities and Futures Act. An excerpt from the MAS’s statement on the subject reads:

“MAS’s proposal will allow approved exchanges in Singapore to meet the need of investors to manage their exposure to payment tokens while bringing the activity under regulatory oversight.”

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

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