Friday, January 24, 2020

Investorideas.com - Governing the Coin: World Economic Forum Announces Global Consortium for Digital Currency Governance

Investorideas.com - Governing the Coin: World Economic Forum Announces Global Consortium for Digital Currency Governance

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#CryptoCorner: Bakkt (NYSE: $ICE) to Launch Consumer App in 2020, Calibra Head Discusses CBDCs at WEF, Ripple CEO Predicts Wave of #Crypto IPOs


#CryptoCorner: Bakkt (NYSE: $ICE) to Launch Consumer App in 2020, Calibra Head Discusses CBDCs at WEF, Ripple CEO Predicts Wave of #Crypto IPOs



Point Roberts, WA, Delta BC January 24, 2020 -  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: (NYSE:ICE) (NasdaqGS:PYPL) (NasdaqGS:FB)

Bakkt, the crypto arm of Intercontinental Exchange (NYSE:ICE), is set to launch a consumer app this year, according to a report from The Block. The announcement was made by company president Adam White at the World Economic Forum (WEF) in Davos. An excerpt from the article outlines White’s comments on the app:

…White said Bakkt's consumer app will view digital assets as any form of value that is digital, including cryptocurrencies like bitcoin. This means the app could also support virtual goods such as loyalty reward points and equities. The possible inclusion of equity trading, a portal for merchants, and a wide array of other assets would make the app more similar to a traditional fintech product like PayPal [NasdaqGS:PYPL] than a crypto-native offering that allows retailers to accept bitcoin, like Flexa.

Cointelegraph reports that also at the WEF, David Marcus, head of Calibra – the wallet portion of Facebook’s (NasdaqGS:FB) Libra project – discussed central bank digital currencies (CBDCs) on a digital currency panel, where he differentiated between “retail” and “wholesale” approaches. He defined the “wholesale” approach as going “through existing banks and the banking system”, whereas the “retail” approach would go “straight to consumers”. Marcus went on to contrast progress seen in telecommunications that has yet to be seen in the transfer of money:

“Some of the networks are 50 years old, the web is 30 years old. We still don’t have an easy, cheap, efficient way for people to have access to digital money and move it around. Personally I’m really excited that we’re having all these conversations now.”

Elsewhere at Davos, Ripple CEO Brad Garlinghouse predicted a coming wave of crypto IPOs, and indicated that Ripple would being among them. The following quote was tweeted by Ripple SVP of Product Asheesh Birla:

“In the next 12 months, you’ll see IPOs in the crypto/blockchain space. We’re not going to be the first and we’re not going to be the last, but I expect us to be on the leading side… it’s a natural evolution for our company.”

Reuters reports that Japanese legislators are proposing the development of a Japanese CBDC that “could be a joint initiative between the government and private companies.” The planned digital yen is reported to be, in part, a response to China’s own CBDC and Facebook’s Libra project. Former Bank of Japan (BOJ) board member Takahide Kiuchi explained:

“The BOJ probably won’t want to do anything that would stifle private-sector innovation. The best way could be to issue a hybrid-type digital currency that is operated and issued by private firms, with the central bank’s involvement.”

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.

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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.
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Thursday, January 23, 2020

#CryptoCorner: Samsung May be Working with #Crypto Startup GatePay, WEF Reveals CBDC Framework, Grayscale Investments (OTC: $GBTC) Becomes Reporting Company for SEC




#CryptoCorner: Samsung May be Working with #Crypto Startup GatePay, WEF Reveals CBDC Framework, Grayscale Investments (OTC: $GBTC) Becomes Reporting Company for SEC



Point Roberts, WA, Delta BC January 23, 2020 -  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: (KSE:005930) (OTC:GBTC)

Alexander Drummond, co-founder of crypto payments startup GatePay, revealed to Cointelegraph during an interview at the World Economic Forum (WEF) at Davos that the company may be about to work with electronics giant Samsung (KSE:005930). Specifically, Drummond said:

“We’re about to partner with the largest or second-largest payment network in the world. If people have a typical Android phone, they’re likely already tied into this ecosystem. I can only tell you that we’re close to announcing a collaboration with Korea’s largest consumer electronics manufacturer.”

Though he did not specifically identify Samsung, they are, in fact, “Korea’s largest consumer electronics manufacturer”.

Also at Davos, the WEF developed a framework to help central banks evaluate, design and potentially deploy CBDC, in collaboration with “over 40 central banks, international organizations, academic researchers and financial institutions.” Sheila Warren, Head of Blockchain and Distributed Ledger Technology at the event,

“Given the critical roles central banks play in the global economy, any central bank digital currency implementation, including potentially with blockchain technology, will have a profound impact domestically and internationally. It is imperative that central banks proceed cautiously, with a rigorous analysis of the opportunities and challenges posed.”

She went on to say:

“The toolkit can serve as a springboard as central banks progress with their CBDC investigation and development. The intricacies of implementing CBDC are complex and the implications are widereaching. As a result, policymakers may find themselves in uncharted waters when attempting to evaluate the potential benefits and tradeoffs.”

Grayscale Investments, the digital currency asset manager and sponsor of Grayscale Bitcoin Trust (OTC:GBTC), announced that it is now a reporting company for the U.S. Securities and Exchanges Commission (SEC). According to the press release, it is “the first digital currency investment vehicle to attain the status of an SEC reporting company.”

Crypto exchange Gemini has completed the System and Organization Controls (SOC) 2 Type 2 examination, making it “the world’s first crypto exchange and custodian to demonstrate the highest level of security compliance in the industry,” according to an official blog post today. An excerpt from the blog post reads:

Going forward, we will be completing a SOC 2 Type 2 on an annual basis. We believe this kind of assurance, in addition to other safeguards we have implemented, such as digital asset insurance for our hot wallet and Gemini Custody helps protect our customers data and cryptocurrency and further our mission to empower the individual through crypto.


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
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Wednesday, January 22, 2020

#CryptoCorner: Square (NYSE: $SQ) Earns Patent for Payments System, Former BOJ Head Says Libra (NasdaqGS: $FB) Made Central Banks Consider CBDCs


#CryptoCorner: Square (NYSE: $SQ) Earns Patent for Payments System, Former BOJ Head Says Libra (NasdaqGS: $FB) Made Central Banks Consider CBDCs, Vodafone (NasdaqGS: $VOD) Leaves Libra Association and Silvergate Bank Hires “Director of Digital Currency”



Point Roberts, WA, Delta BC January 22, 2020 -  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: (NYSE:SQ) (NasdaqGS:FB) (NasdaqGS:VOD) (NYSE:MA) (NYSE:V) (NasdaqGS:PYPL) (NasdaqGS:EBAY) (NYSE:SI)

Payments provider Square, Inc. (NYSE:SQ) has been granted a patent by the U.S. Patent and Trademark Office for a payments system that allows “users holding different asset types to transact with one another in real-time,” according to a report from CoinDesk. An excerpt from the application reads:

"The present technology permits a first party to pay in any currency, while permitting the second party to be paid in any currency.”

Hiromi Yamaoka, the Bank of Japan’s former head of overseeing payment and settlement systems said that Facebook’s (NasdaqGS:FB) Libra encouraged central banks to consider digital currencies, according to a report from Reuters. He told the publication:

“Something like Libra would make transactions costs much cheaper. Major central banks need to appeal that they, too, are making efforts to make settlement more efficient with better use of digital technology.”

However Yamaoka went on to indicate that interest in central bank digital currencies (CBDCs) has actually started to wane:

“In the world of central bankers, the idea of using CBDCs to enhance the effect of monetary policy seems to have subsided somewhat.”

“If you want to make monetary policy effective, you need to ensure people keep using the currency you issue.”

Speaking of Libra, Cointelegraph reports that British telecom giant Vodafone (NasdaqGS:VOD) has left the Libra Association, joining the likes of Mastercard (NYSE:MA), Visa (NYSE:V), Paypal (NasdaqGS:PYPL), and eBay (NasdaqGS:EBAY) who left previously. A representative of Vodafone said in an email to the publication:

“Vodafone Group has decided to withdraw from the Libra Association. We have said from the outset that Vodafone’s desire is to make a genuine contribution to extending financial inclusion. We remain fully committed to that goal and feel that we can make the most contribution by focusing our efforts on M-Pesa. We will continue to monitor the development of the Libra Association and do not rule out the possibility of future co-operation.”

Silvergate Bank, a subsidiary of Silvergate Capital Corporation (NYSE:SI), has announced the hiring of Benjamin Richman to its team as senior vice president, director of digital currency. Richman previously served as the director of business development and partnerships at blockchain tech firm Blockstream. Kate Fraher, chief operating officer of Silvergate, commented:

"We are dedicated to providing great customer experiences and excited to welcome Benjamin to our team. His deep understanding of the digital currency industry and the digital currency infrastructure solutions we are building will be a tremendous asset."

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
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Friday, January 17, 2020

#CryptoCorner: Libra (NasdaqGS: $FB) Association Establishing Technical Steering Committee, Accenture (NYSE: $ACN) Partners with CFTC for ‘Digital Dollar’



#CryptoCorner: Libra (NasdaqGS: $FB) Association Establishing Technical Steering Committee, Accenture (NYSE: $ACN) Partners with CFTC for ‘Digital Dollar’



Point Roberts, WA, Delta BC January 17, 2020 -  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: (NasdaqGS:FB) (NYSE:ACN)

According to an official blog post yesterday, Facebook’s (NasdaqGS:FB) Libra Association has voted to establish a Technical Steering Committee (TSC) for the Libra project and has already elected five members. The following responsibilities are outlines for the TSC:

     Directing the technical roadmap for the Libra network
     Forming Technical Working Groups to fast-track research into selected specific issues
     Guiding codebase development
     Building a healthy and engaged Libra developer community
One of the five members to be elected to the TSC is George Cabrera III, Libra Core Product Lead at Calibra, who commented:

"The Libra Association's mission is to be a financial infrastructure that empowers billions of people, and having a group to guide the design, building, and ongoing maintenance of that infrastructure is vital to its success. The creation of this committee represents a notable milestone for Libra's openness and sustainability as we forge ahead towards our mainnet launch."

Accenture (NYSE:ACN) has partnered with the Commodity Futures Trading Commission (CFTC) to create the Digital Dollar Project, a U.S. central bank digital currency (CBDC) initiative. David Treat, senior managing director and global Blockchain lead at Accenture, commented:

"Accenture is pleased to partner with the Digital Dollar Foundation to advance the project by helping to bring together an expert multistakeholder community to take maximum advantage of real world experience and the latest technological capabilities. Central Bank Digital Currency is a key enabler for the modernization of financial systems and will drive material economic and social improvements and form the basis for a wave of new innovation."

Crypto dealer San Francisco Open Exchange (SFOX) is introducing the Separately Managed Accounts Solution, aimed at enabling personalized crypto portfolio management for fund managers and investors. Nabeel Qadri, Managing Partner at crypto fund-of-funds Protocol Ventures, commented:

“SFOX’s SMA product is a game-changer for prime brokerage in crypto. We can deploy a suite of strategies at scale and size our risk efficiently while minimizing slippage and reducing the impact our orders have on the underlying price of the asset. Transfers in and out are seamless and the customer service team is extremely responsive. As a fund of funds, we need to be institutional-grade — SFOX gets that.”

Proof of Trust Ltd., which manages arbitration and dispute resolution surrounding smart and blockchain contracts, intends to list on the Main Market of the London Stock Exchange, according to an announcement today. The company’s Chief Executive Dean Armstrong said:

"We at The Proof of Trust are excited at the prospect of a full listing on the main market of the company's shares and we look forward to providing investors with the opportunity to share in this groundbreaking project."

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.
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Investorideas.com - Governing the Coin: World Economic Forum Announces Global Consortium for Digital Currency Governance

Investorideas.com - Governing the Coin: World Economic Forum Announces Global Consortium for Digital Currency Governance www.investorideas...