#CryptoCorner: Overstock’s (Nasdaq: $OSTK) tZero Outlines Retail Broker-Dealer Launch, SBI Holdings (OTC: $SBHGF) Gives Shareholders Option of XRP Benefit, CME Exceeds $100 Billion in BTC Futures Volume
#CryptoCorner: Overstock’s
(Nasdaq: $OSTK) tZero Outlines Retail Broker-Dealer Launch, SBI Holdings (OTC:
$SBHGF) Gives Shareholders Option of XRP Benefit, CME Exceeds $100 Billion in
BTC Futures Volume
Point Roberts, WA, Delta BC January 31,
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:
Read
this in full at https://www.investorideas.com/news/2020/crypto-corner/01311OSTK-SBHGF.asp
Stocks discussed: (OTC:SBHGF) (NasdaqGM:OSTK)
Total crypto market
capitalization is sitting at $254 billion USD at press time, according to data
from CoinMarketCap. This appears to
be a more or less stable support level, at least since the market showed some
upward momentum a week ago. Bitcoin (BTC) is currently
trading for $9,280 as we head into the weekend. It is down a bit after growing
fairly steadily throughout the week, having reached a peak of just over $9,500.
And Ethereum Classic (ETC), the growth of
which we’ve been covering this week, took a tumble just this morning and is
down about 7.4 percent at press time, with a trading price of $11.13.
tZero, the
blockchain arm of American internet retailer Overstock (NasdaqGM:OSTK), released a letter
to investors
that outlined the company’s achievements in the last year and its 2020 goals.
One of these goals was the launch of broker-dealer tZero Markets. tZero CEO
Saum Noursalehi explained:
We continue to make progress advancing our retail
broker-dealer, tZERO Markets. This is an important initiative as it will allow
us to integrate our web and mobile app experiences in the future, enabling
investors to trade digital securities and cryptocurrencies on one platform. We
are working closely with regulators and are targeting a launch of tZERO Markets
in the first half of this year.
Japanese financial
services firm SBI Holdings, Inc. (OTC:SBHGF) announced today that new
shareholders were eligible to receive either 2,000 yen worth of XRP ($18), or an array
of products from pharmaceutical company SBI Alapromo Co., Ltd. Shareholders who
have been with the company for over a year, however, were eligible for 8,000
yen worth of the cryptocurrency ($73). SBI has ties with XRP developer Ripple
through the former’s subsidiary SBI Ripple Asia. In May of last year,
Investorideas.com reported on “the launch of
in-store payments based on the firm's Money Tap service.”
Cointelegraph reports that the
Chicago Mercantile Exchange (CME) has exceeded $100 billion in volume for its
Bitcoin futures trading product. CME Group Managing Director and Global Head of
Equity Index Alternative Investment Products, Tim McCourt, told Cointelegraph:
“CME Bitcoin futures have surpassed $100 billion in
total notional value traded since their launch in December 2017.”
“Our Bitcoin futures have evolved over the last two
years and are now one of the most liquid, listed bitcoin derivatives available
globally.”
“We continue to see strong participation from
institutional investors, physical bitcoin traders and other clients who value
the transparency, price discovery and risk transfer that only a regulated
marketplace like CME Group can offer.”
Sam
Mowers, Investorideas
For
investors following the sector Investor Ideas has a comprehensive Bitcoin, Blockchain
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