#CryptoCorner: Tencent (OTC:TCEHY) Establishing #DigitalCurrency Research Group, Shenzhen Stock Exchange Launches #Blockchain Index, OKEx Launches BTC Options Trading for Select Clients
#CryptoCorner: Tencent
(OTC:TCEHY) Establishing #DigitalCurrency Research Group, Shenzhen Stock
Exchange Launches #Blockchain Index, OKEx Launches BTC Options Trading for
Select Clients
Japanese Financial Services Firm Tokai Tokyo Financial
Holdings (OTC:TOKTY) to Invest in Huobi Japan
Point Roberts, WA, Delta BC December 26,
2019 - Investorideas.com, a leader in crypto and blockchain investing news
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Stocks discussed: (OTC:TCEHY) (OTC:TOKTY)
Chinese internet
giant Tencent (OTC:TCEHY) may be
establishing “a digital currency research project group” according to local
media.
The company did not deny the news to reporters, but did not provide further
information. However, CoinDesk reports that the
“new team will look at how to use digital currencies in its payments platform
as well as explore other possible business applications. It will also consider
how cryptocurrencies could be used within existing and future regulatory
regimes”.
Also in China, the
Shenzhen Stock Exchange (SSE) has announced the launch of an
index tracking the performance of 50 blockchain firms. A loosely translated
excerpt from the announcement reads:
The Shenzhen Stock Exchange Blockchain 50 Index is
based on companies listed in the Shenzhen Stock Exchange, whose business areas
involve the upstream, middle, and downstream of the blockchain industry. The
stocks constitute sample stocks. The index is weighted by free float market
value, and the sample stocks are regularly adjusted on the next trading day of
the second Friday in June and December each year.
Malta-based crypto
exchange OKEx has launched Bitcoin (BTC) options trading
for select clients, according to a report from Cointelegraph. In part of a
statement shared with the outlet, Lennix Lai, financial market director of
OKEx, said:
“Options are a unique instrument that enables traders
to manage, price and hedge the volatility of crypto assets [...] to take
advantage of more than just market direction. We welcome clients from different
segments, especially from our institutional clients, who have shown the
fastest-growing demand in derivatives trading, especially on futures and
perpetual swaps.”
Japanese financial
services firm Tokai Tokyo Financial Holdings (OTC:TOKTY) has entered into a capital and
business alliance agreement with Huobi Japan, the Japanese branch of crypto
exchange giant Huobi. This will see a planned investment of 500 million yen
(close to $4.6 million USD) from the former. An excerpt from the press release
reads:
Using the capital and business alliance with Huobi
Japan, a Japanese subsidiary of Huobi Group, which is a global blockchain
business developer, we will promote new businesses in the areas of crypto asset
exchange, new financing schemes utilizing crypto assets such as Initial
Exchange Offering (IEO) local currency issuance, and storage and management
service associated with crypto assets. We [will] consider expanding this
business to partner regional banks and other regional banks in the future.
Sam Mowers, Investorideas
For
investors following the sector Investor Ideas has a comprehensive Bitcoin,
Blockchain and Digital Currency Stocks Directory
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