(MENAFN - Investor Ideas)
#CryptoCorner: SEC Chairman Confirms ETH Not a Security, Barclays Analyst Projects $19 Billion in Revenue by 2021 for Facebook from Cryptocurrency Stocks discussed: (NYSE:BCS) (NasdaqGS:FB) (NYSE:HSBC)
Point Roberts, WA and Delta, BC - March 12, 2019 (Investorideas.com Newswire) Investorideas.com, a leader in crypto and blockchain investing news, in partnership with Fit Pay, Inc.'s (subsidiary of NXT-ID ( NASDAQ: NXTD ) crypto payment tech, Flip and the Genesis Exchange and Wallet App bring 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:
#CryptoCorner: SEC Chairman Confirms ETH Not a Security, Barclays Analyst Projects $19 Billion in Revenue by 2021 for Facebook from #Cryptocurrency
Get the Crypto Corner Podcast on iTunes
Subscribe to Podcast RSS feed:
SEC Chairman Confirms ETH Not a Security, Barclays Analyst Projects $19 Billion in Revenue by 2021 for Facebook from Cryptocurrency, Crypto Miner Canaan Worth "Billions of Dollars" After Recent Funding Round, HSBC Looking for Partners in South Korea For New Blockchain Platform and Malta Appoints U.S. Security Firm For Crypto Activity
The chairman of the U.S.'s Securities and Exchange Commission, Jay Clayton, has confirmed that he agrees with colleague William Hinman that Ethereum ( ETH ) is not accurately classified as a security. In a letter to Congressman Ted Budd, Clayton said:
"I agree with Director Hinman's explanation of how a digital asset transaction may no longer represent an investment contract if, for example, purchasers would no longer reasonably expect a person or group to carry out the essential managerial or entrepreneurial efforts. Under those circumstances, the digital asset may not represent an investment contract under the Howey framework."
Barclays ( NYSE:BCS ) analyst Ross Sandler said that a cryptocurrency from Facebook ( NasdaqGS:FB ) could produce as much as $19 billion of extra revenue for the company by 2021, according to a report from CNBC . Sandler explained how the cryptocurrency might operate upon introduction:
"Based on our checks, the first version of Facebook Coin may be a single purpose coin for micro-payments and domestic p2p money transfer (in-country), very similar to the original credits from 2010 and Venmo today."
Chinese crypto mining giant Canaan Creative has finished a funding round worth "hundreds of millions of dollars", according to a report from local outlet Securities Times . Upon completion of this funding round, the company is worth "billions of dollars".
The Korea Times reports that HSBC ( NYSE:HSBC ) is courting banking partners in South Korea with the aim of launching blockchain platform Voltron. According to the article, the platform was conceived as a means to streamline the processing time of of paper-based letters of credit exchanged between importers and exporters, and other such parties.
The Malta Financial Services Authority (MFSA) has appointed U.S. company CipherTrace, a blockchain security firm, to surveil crypto activity on the "blockchain island", according to the Times of Malta . CipherTrace CEO Joseph Cuschieri said:
"Ciphertrace Compliance Monitoring will provide the MFSA with powerful oversight tools to automate regulatory processes and audit the risk management of virtual asset businesses licensed in Malta."
Sam Mowers, Investorideas
Read other editions of the Crypto Corner
Get the Crypto Corner News by email Get Crypto Corner News
Crypto Corner Sponsors:
Flip™ is the creation of Fit Pay, Inc., a leading provider of cutting edge payment technology and a subsidiary of NXT-ID ( NASDAQ: NXTD ). By leveraging the FitPay Payment Platform™, Flip enables cryptocurrency holders to seamlessly exchange their cryptocurrency for US dollars and store that value on a contactless payment device that can be used to make purchases at millions of retail locations. https://www.fliptopay.com/
Genesis Exchange and Wallet App by Genesis Blockchain Technologies (GBT)
GBT is a powerful cryptocurrency centralized / decentralized exchange which will include a broad range of services and benefits from cryptocurrency and blockchain markets development, while avoiding complications and risks arising from crytocurrency ownership, transfer, and exchange.You can Download the Genesis Exchange and Wallet App at Google Play and on the Apple App Store. Learn more at http://www.mygenesis.io
More info on the sector:
Investor Ideas is positioning as a leader in blockchain and crypto content with its Bitcoin and Blockchain portals Bitcoinandblockchainstocks.com , Cryptocurrencyinvestorideas.com and Blockchaininvestorideas.com
For investors following the sector Investor Ideas has a comprehensive Bitcoin, Blockchain and Digital Currency Stocks Directory
Talk about the sector with other companies and investors- Join our LinkedIn Group Blockchain and Digital Currency Stocks and ICO's - Latest News and Commentary https://www.linkedin.com/groups/13560073
About Investorideas.com - News that Inspires Big Investing Ideas About Investorideas.com - News that Inspires Big Investing Ideas
Investorideas.com is a recognized news source publishing third party news and press releases plus we create original financial content. Learn about investing in stocks and sector trends from Investorideas.com with our news alerts , articles , podcasts and videos talking about cannabis, crypto, technology including AI and IoT , mining ,sports biotech, water, renewable energy and more . Investorideas.com original branded content includes the daily Crypto Corner and Podcast, 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 Podcast and the AI Eye Podcast and column covering developments in AI.
The Crypto Corner is part of the Investor Ideas Membership content
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 investment involves risk and possible loss of investment. This site is currently compensated for news publication and distribution, social media and marketing, content creation and more. Contact each company directly regarding content and press release questions. 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. More disclaimer info: http://www.investorideas.com/About/Disclaimer.asp . Disclosure: this newsletter and podcast is sponsored content by featured companies NXt-ID (NASDAQ: NXTD) on behalf of Flip and GBT Technologies . More info: http://www.investorideas.com/About/News/Clientspecifics.asp Learn more about Investor ideas podcast and news publication services and costs https://www.investorideas.com/News-Upload/
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
Learn more about sponsoring the crypto corner and other branded content
Learn more about our news, PR and social media services at Investorideas.com
Follow us on Twitter https://twitter.com/Investorideas
Follow us on Facebook https://www.facebook.com/Investorideas
Follow us on YouTube https://www.youtube.com/c/Investorideas