#CryptoCorner: LINE
(NYSE: $LN) Changes #Crypto Exchange from Singapore-Based BITBOX to US
Platform, Grayscale (OTC: $GDLCF) and
Tradeblock Launch DLCX, KLM Royal Dutch Airlines (OTC: $KLMR) Leveraging #Blockchain
for Financial Settlements
Point Roberts, WA, Delta BC February 28,
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:LN) (OTC:GDLCF) (OTC:KLMR)
When we left off on
Wednesday’s Crypto Corner, Bitcoin (BTC), was trading for
about $9,050. Since then it has continued to fall, reaching a depth of around
$8,500 earlier today, before rebounding slightly to a trading price of $8,685
at press time, according to data from CoinMarketCap. This decline in
Bitcoin, and by extension the wider crypto market of which it comprises 64
percent, coincides with an analogous drop in the stock market, where the Dow
saw its largest point drop in history just yesterday. This is largely
attributed to growing global concerns over the Coronavirus outbreak.
Japanese messaging
firm LINE Corporation (NYSE:LN), has announced that it is closing
its Singapore-based crypto exchange BITBOX, in favour of a U.S.-based platform
called BITFRONT. An excerpt from its welcome announcement
reads:
BITFRONT, formerly known as BITBOX,
has been redesigned to provide a more sophisticated digital currency exchange
service.
BITFRONT aims to provide the most
secure and reliable digital currency trading environment for new and
experienced traders around the globe to trade freely.
The announcement
indicates that users in the U.S. who live “in eligible states can deposit USD
to trade cryptocurrency by linking their bank account to BITFRONT” “via
Automatic Clearing House (ACH) or wire transfer.”
Indices provider
TradeBlock and Grayscale Investments, manager of Grayscale Digital Large Cap
Fund (OTC:GDLCF), have announced the launch of the
TradeBlock Grayscale Digital Large Cap Index (DLCX). The DLCX will provide
“market participants increased visibility into the daily performance and
composition of GDLCF.” According to the press release, “GDLCF’s portfolio
construction methodology was developed and is managed by Grayscale, an
intra-day index price will now be calculated, verified, and published in
real-time by TradeBlock, an independent pricing source.”
KLM Royal Dutch
Airlines (OTC:KLMR), in collaboration with software
services provider unchain.io and enterprise software firm R3, is leveraging
blockchain technology to simplify financial processes. Taking the form of an
intercompany settlement application, the goal of the collaboration is to “to
simplify the accounting process in a secure and efficient manner.” Jelle van
der Ploeg, CTO at unchain.io said:
“Unchain’s mission is to provide
organizations with solutions to simplify sharing data and transacting with
their value chain. In the case of KLM, this means digitally transforming the
settlement process with its subsidiaries. We’re extremely proud to work with
KLM and R3 on this innovative project and look forward to further expanding the
solution, offering value to KLM and its partners.”
Sam
Mowers, Investorideas
For
investors following the sector Investor Ideas has a comprehensive Bitcoin, Blockchain
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