#CryptoCorner Episode 402: #Bitcoin Slowly Rising Following Halving, CME (NasdaqGS: $CME) Daily BTC Options Hit New Highs, Visa (NYSE: $V) Files Patent Application for “Digital Fiat Currency”
#CryptoCorner
Episode 402: #Bitcoin Slowly Rising Following Halving, CME (NasdaqGS: $CME) Daily
BTC Options Hit New Highs, Visa (NYSE: $V) Files Patent Application for
“Digital Fiat Currency”
Point Roberts, WA, Delta BC May 15, 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 .
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this in full at https://www.investorideas.com/news/2020/crypto-corner/05151Bitcoin-CME-VISA.asp
Stocks discussed: (NasdaqGS:CME) (NYSE:V) (NasdaqGS:FB)
In the days
following its halving on Monday, Bitcoin (BTC) has mostly been showing upward movement
and has been trading above $9,000, according to data from Coinmarketcap.
It hasn’t quite been flirting with $10,000, which it briefly reached last week,
but has gotten as high as around $9,750, and is trading for about $9,560 at
press time.
Elsewhere, on the
day of the halving, daily Bitcoin options trading volume on the CME (NasdaqGS:CME) reached $17 million, topping the
$9.9 million high set on May 6, according to a report from CoinDesk. This was topped immediately,
however, the following day with a new record of $30 million, which then itself
was surpassed with $40 million on Wednesday. Things cooled slightly on the
exchange Thursday with $36 million recorded volume, but that represented a
2,000 percent rise from the volume of $1.7 million registered the week prior.
Visa (NYSE:V) has filed a patent application with the US Patent
& Trademark Office for a “digital fiat currency”. Though published
yesterday, the patent application was filed on November 8, 2019. The
application’s abstract reads:
Techniques are disclosed which include receiving, by a
central entity computer, a request for digital currency. The request includes a
serial number and a denomination of a physical currency. The central entity
computer generates the digital currency for the denomination and linked to the
serial number. The generating includes recording the digital currency on a
blockchain. The central entity computer transmits a notification of the
generation of the digital currency. The central entity computer causes removal
of the physical currency from circulation in a fiat currency system.
Bloomberg reports that Singapore’s state-owned
investment vehicle Temasek Holdings has joined the Libra Association. The Libra
Association is a membership organization of Facebook’s (NasdaqGS:FB) Libra digital currency project.
Temasek International Deputy CEO Chia Song Hwee said:
“Our participation in the Libra Association as a member
will allow us to contribute toward a regulated global network for cost
effective retail payments. Many developments in the space excite us. We look
forward to further exploring the potential of the technology.”
Sam
Mowers, Investorideas
For investors following the sector Investor Ideas has a
comprehensive Bitcoin, Blockchain
and Digital Currency Stocks Directory
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