#CryptoCorner: CME (NasdaqGS: $CME) Sets Records for BTC Trading, Japan’s JCB Signs Partnership to Develop Blockchain Payment System and SBI (OTC: $SBHGF) Plans to Integrate Ripple Tech with ATMs
#CryptoCorner: CME
(NasdaqGS: $CME) Sets Records for BTC Trading, Japan’s JCB Signs Partnership to
Develop Blockchain Payment System and SBI (OTC: $SBHGF) Plans to Integrate
Ripple Tech with ATMs
Point Roberts, WA, Delta BC May 18, 2020
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Stocks discussed: (NYSE:ICE) (NasdaqGS:CME) (OTC:SBHGF)
Bakkt, the digital
assets arm of Intercontinental Exchange (NYSE:ICE), has “onboarded
more than 70 firms to the Bakkt Warehouse,” – the firm’s platform comprising
online and offline digital storage. An excerpt from the blog
post,
written by Bakkt President Adam White, reads:
The secure storage of digital assets is foundational to
everything we do, whether it’s providing regulated bitcoin custody or
supporting the delivery of the Bakkt Bitcoin (USD) Futures & Options
contracts. This commitment to custody is underscored by a new collaboration
with the Digital Asset Risk Transfer team from Marsh, the world’s leading
insurance broker. Beyond the $125M of insurance already in place at the Bakkt
Warehouse, customers can now purchase more than $500M in additional insurance
coverage, subject to underwriting criteria.
Cointelegraph reports that the
CME (NasdaqGS:CME) has registered record numbers
for Bitcoin trading in the past couple of weeks. According to the piece, “May
14 yielded open interest of 10,792 Bitcoin futures trading contracts at CME,
totalling 53,960 BTC,” which constitutes “an all-time high for the product.” This
is in addition to records posted last week, which saw 4,389 BTC worth of
contracts of the firm’s Bitcoin options product, as well as record open
interest valued at 14,535 BTC worth of contracts.
Japanese credit
card issuer, JCB, has signed a strategic
partnership agreement with TECHFUND to develop a sustainable blockchain payment
system. The partnership will leverage TECHFUND’s expertise in blockchain
technology and security token offerings (STOs). TECHFUND is also developing and
providing a platform called ACCEL BaaS (Blockchain as a Service), which aims to
accelerate the development of startup and enterprise blockchain applications.
SBI Holdings Inc. (OTC:SBHGF) revealed, in a
recent financial
report,
that it plans to integrate “MoneyTap,” – a Ripple-powered mobile settlements
app – with the country’s ATMs. The report explains that currently each bank has
its own unique ATM app, but envisions jointly-operated multi-bank ATMs with a
common app and utilizing MoneyTap’s settlement network. SBI also announced
commitments for further collaboration with Ripple and enterprise blockchain
company R3.
Sam
Mowers, Investorideas
For investors following the sector Investor Ideas has a
comprehensive Bitcoin, Blockchain
and Digital Currency Stocks Directory
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