#CryptoCorner: Glencore to Join #Blockchain Network Built on IBM (NYSE: $IBM) Blockchain, ING (NYSE: $ING) Developing Digital Asset Custody Tech, JPMorgan (NYSE: $JPM) to Launch Blockchain Payments Network in Japan
#CryptoCorner: Glencore
to Join #Blockchain Network Built on IBM (NYSE: $IBM) Blockchain, ING (NYSE: $ING)
Developing Digital Asset Custody Tech, JPMorgan (NYSE: $JPM) to Launch
Blockchain Payments Network in Japan
Point Roberts, WA, Delta BC December 13,
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
Stocks discussed: (LSE:GLEN) (NYSE:IBM) (NYSE:ING)
(NYSE:JPM)
Mining giant
Glencore (LSE:GLEN) issued announced yesterday that it
will be joining the Responsible Sourcing Blockchain Network (RSBN). The RSBN is
built on the IBM (NYSE:IBM) Blockchain
Platform, powered by the Linux Foundation’s Hyperledger Fabric and utilizes
“blockchain technology to support responsible sourcing and production practices
from mine to market”. Nico Paraskevas, Glencore Head of Marketing for Copper
and Cobalt commented:
“RSBN plays a key role in advancing the sustainable
partnership between the producers of commodities that will enable the
transition to a low-carbon economy and key consumers around the world. We look
forward to working with the network to further embed responsible sourcing good
practice across the mineral supply chain.”
A press
release
from Switzerland’s Federal Council indicates that the body had approved a
report analyzing the risks and opportunities of central bank digital currencies
(CBDCs). The analysis concluded, however, that such a project would likely fall
short of positive expectations such as making “payments more efficient,
monetary policy more effective and the financial system as a whole more
stable”. An excerpt reads:
The analysis conducted for this report shows that
central bank digital currency cannot meet these expectations, or only partly,
that the repercussions can be far-reaching depending on the design, and that
there are better solutions for most of the areas considered. The Federal
Council therefore believes that universally accessible central bank digital
currency would not bring any additional benefits at the moment. The Swiss
National Bank (SNB) shares this view and sees the newly arising risks to
monetary policy and financial stability, in particular, as a major challenge.
Reuters reports that Dutch
bank ING (NYSE:ING) is developing
technology to allow clients to safely store digital assets. Unnamed sources
from the bank told Reuters that ING “sees increasing opportunities with regard
to digital assets on both asset backed and native security tokens” and “is
particularly focused on developing the technology behind digital assets to give
its clients a compliant way to access the emerging sector”.
Investment banking
giant JPMorgan (NYSE:JPM) will launch its
blockchain-based payment network, the Interbank Information Network (IIN), in Japan early next year, according to a
report from Cointelegraph. Bloomberg reports that over
80 banks in Japan “have expressed a willingness to join” the IIN in connection
with trying “to bolster anti-money laundering measures”. Meanwhile, JPMorgan’s
planned cryptocurrency, JPM Coin, is expected to launch sometime before the end
of this year.
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