#CryptoCorner: Coinbase
May Have to Remove DApp Browser from Apple (NASDAQ: $AAPL) App Store, China’s
First #Blockchain ETF Application, Huobi Launches Fiat-to- #Crypto Gateway in
Indonesia
Point Roberts, WA, Delta BC December 30,
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.
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Stocks discussed: (NasdaqGS:AAPL) (NasdaqGS:FB)
A recent Reddit post revealed that
U.S. crypto exchange giant Coinbase may have to remove its “DApp browser
functionality” of its crypto wallet app from the Apple (NasdaqGS:AAPL) mobile app store. The CEO of
Coinbase, Brian Armstrong, responded in the comment section:
“Coinbase CEO here. This is really unfortunate to see.
Apple seems to be eliminating usage of Dapps from the App Store.
If Apple customers want to be able to use Dapps, we may
need to make this request know to Apple in some way. This is an important area
of innovation in finance, and many developers and early adopters of this
technology have millions of dollars worth of crypto tied up in these financial
applications, which they will no longer be able to use on Apple mobile devices
if this app store policy continues.”
Reuters reports that Ueli
Maurer, Switzerland’s finance minister and outgoing president, said in an
interview with Swiss broadcaster SRF that Facebook’s (NasdaqGS:FB) Libra will not succeed as it
currently stands.
“I don’t think (Libra has a chance in its current
form), because central banks will not accept the basket of currencies underpinning
it.”
According to the
article:
The cryptocurrency is to be backed by a reserve of
assets such as bank deposits and government debt held by a network of
custodians. That structure is meant to foster trust and avoid the price swings
that plague other cryptocurrencies.
A report from Shanghai
Securities News
indicates that the China Securities Regulatory Commission (CSRC) has recently
received an application for a blockchain exchange-traded-fund (ETF) from asset
manager Penghua Fund. If approved, the ETF will be the first of its kind in
China. Its aim is to track Shenzhen Stock Exchange-listed companies operating
in the blockchain space. An unnamed “fund manager of a Beijing fund company”
said:
"The launch of the relevant index gives investors
new choices, and they can use the relevant theme funds to obtain dividends in
the development of the blockchain industry in the future."
Crypto exchange
Huobi recently announced the launch of “a
local fiat gateway to enable a direct fiat-to-crypto trading facility between
the Indonesian Rupiah (IDR) and Tether (USDT)”, allowing
investors in the country to “use the local fiat currency to trade over 250
cryptocurrencies available on Huobi Indonesia's digital asset exchange”. David
Chen, Senior Director of Huobi Cloud, explained:
"The new fiat gateway is part of Huobi's global
expansion strategy and reflects our ongoing commitment to working with strong
local partners in key markets across the globe. By continuing to add new
fiat/crypto pairs for Huobi Cloud 2.0, we want to make it frictionless for
investors anywhere in the world to trade digital assets on a trusted and proven
platform."
Sam Mowers, Investorideas
For
investors following the sector Investor Ideas has a comprehensive Bitcoin,
Blockchain and Digital Currency Stocks Directory
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