#CryptoCorner Episode 414: Wilshire Phoenix Files for #Bitcoin Commodity Trust- may be looking to compete with Grayscale Investments’ (OTC: $GBTC)
#CryptoCorner
Episode 414: Wilshire Phoenix Files for #Bitcoin Commodity Trust- may be looking to compete with Grayscale
Investments’ (OTC: $GBTC)
Point Roberts, WA, Delta BC June 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 .
Listen
to today’s Crypto Corner Podcast:
Read
this in full at https://www.investorideas.com/news/2020/crypto-corner/06151WilshirePhoenix-GBTC.asp
Stocks discussed: (OTC:GBTC)
The Korea Times reports that South Korea’s
central bank, the Bank of Korea (BOK), has launched a legal advisory panel to
advise on navigating regulations surrounding the issuance of a central bank
digital currency (CBDC). Comprising six experts from finance and IT, the panel
will convene today and remain “in operation at least until the end of May
2021,” according to the article. The BOK intends “to finish a pilot test on
issuing a digital currency before the end of 2021.” An unnamed BOK official
told the Korea Times:
"We established the advisory group to discuss
legal issues surrounding a CBDC and figure out which laws need to be revised or
enacted for smooth progress in the BOK's possible issuance of digital
currency.”
Cointelegraph reports that Paxful, a peer-to-peer
Bitcoin (BTC) marketplace, is integrating its platform
with crypto exchange giant OKEx. This will enable OKEx users to purchase
Bitcoin using 160 fiat currencies, in addition to bank transfers, gift cards,
online wallets, and more. Paxful CEO and co-founder Ray Youseff told
Cointelegraph:
“The partnership between OKex and Paxful will open up
new opportunities for users on both sides and signals that the crypto industry
is uniting more and more when possible in order to use each other’s strengths
to provide more options for their users.”
He went on to say:
Through this partnership, we can reach more users in
developing regions using Paxful’s existing infrastructure and payment options
and give them exposure to the benefits of OKEx’s advanced technology and
diversified product suite."
Asset manager
Wilshire Phoenix has filed to launch a Bitcoin Commodity Trust, according to an
SEC filing from June 12. An article from CoinDesk speculates that this trust “may be
looking to compete with Grayscale Investments’ [OTC:GBTC] $3.6 billion bitcoin trust,”
indicating that the latter “filed to turn its bitcoin trust into an SEC
reporting company last year.” Wilshire Phoenix had previously attempted to
launch a Bitcoin ETF (exchange-traded fund), but that was rejected by the SEC
earlier this year.
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
Global investors must adhere to regulations
of each country. Please read Investorideas.com privacy policy: https://www.investorideas.com/About/Private_Policy.asp
Cryptocurrency Disclaimer
Investorideas.com news
content is not meant to be a solicitation to buy or sell cryptocurrencies and
Investorideas.com does not directly sell cryptocurrencies; but acts as a news
and research resource for interested investors following the blockchain sector.
Copyright and ownership:
Crypto Corner is an Investorideas.com content brand
Contact
Investorideas.com
800-665-0411
Comments
Post a Comment