(MENAFN - Investor Ideas) #CryptoCorner: Bakkt Futures May Have Fueled Weekend Market Recovery, Rakuten Launches Spot Trading, Binance Announces Stablecoin Project 'Venus' and Santander Expands Ripple Solution to Latin America
Point Roberts, WA and Delta, BC - August 19, 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 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: Bakkt Futures May Have Fueled Weekend Market Recovery, Rakuten Launches Spot Trading, Binance Announces Stablecoin Project 'Venus' and Santander Expands Ripple Solution to Latin America
Get the Crypto Corner Podcast on iTunes
Subscribe to Podcast RSS feed:
Stocks discussed: (NYSE:ICE) (TYO:4755) (NYSE:SAN)
The crypto market is looking a lot greener this morning after last week's downward trend. According to data fromCoinMarketCap , Bitcoin ( BTC ) is trading for $10,720 at press time. This is an improvement of nearly $1,000 from its lowest points on Friday, when it was trading in the late $9,000 range. Bitcoin still dominates all other cryptocurrencies with a market cap of about $191 billion, or nearly 69 percent of total market capitalization.
An article fromCoinDeskconsiders that this bullish trend may be linked to news on Friday that Bakkt, a subsidiary of Intercontinental Exchange ( NYSE:ICE ) received regulatory approval to launch physically settled bitcoin futures trading. The article quotes atweetfrom crypto analyst and trader Scott Melker:
"The @Bakkt news is arguably the most bullish event for institutional investors in the history of bitcoin. PHYSICALLY delivered futures (require the holder to either produce actual bitcoin or take delivery from the exchange) backed by the New York Stock Exchange. We are maturing."
Rakuten Wallet, inc., a subsidiary of Japanese e-commerce company Rakuten ( TYO:4755 ), haslauncheda spot trading service for cryptoassets. The service will be available on a dedicated smartphone app, that will debut on Android with an iOS version to follow. An excerpt from the announcement reads:
Through the smartphone app, customers can make transactions for crypto asset trading accounts, such as depositing/withdrawing Japanese yen and depositing/withdrawing crypto assets, 24 hours a day, 365 days a year. The app also features many useful functions that allow customers to effectively manage their crypto assets, such as confirmation of assets deposited in Rakuten Wallet, the purchase and sale of crypto assets, and real-time chart rate confirmation. Three types of crypto assets can be traded: Bitcoin (BTC), Ethereum ( ETH ), and Bitcoin Cash ( BCH ).
Crypto exchange giant Binance hasannouncedVenus, an "initiative to develop localized stablecoins and digital assets pegged to fiat currencies across the globe". Binance co-founder Yi Heexplainedthe project to CoinDesk:
"We believe that in the near and long term, stablecoins will progressively replace traditional fiat currencies in countries around the world, and bring a new and balanced standard of the digital economy. We hope to achieve a vision, that is, to reshape the world financial system, allow countries to have more tangible financial services and infrastructures, protect their financial security and increase the economic efficiency of countries."
Cointelegraphreports that Spanish banking giant Santander ( NYSE:SAN ) is expanding its Ripple-powered global payment solution to Latin America. Using a mobile app called One Pay FX, the service will enable zero-fee transactions from Latin American countries to the United States. One reason for this expansion is that One Pay FX transaction volumes have tripled from January to June of this year.
Sam Mowers, Investorideas
Read other editions of theCrypto Corner
Get the Crypto Corner News by emailGet 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/
More info on the sector:
Investor Ideas is positioning as a leader in blockchain and crypto content with its Bitcoin and Blockchain portalsBitcoinandblockchainstocks.com ,Cryptocurrencyinvestorideas.comandBlockchaininvestorideas.com
For investors following the sector Investor Ideas has a comprehensiveBitcoin, 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 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 ,podcastsand 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 dailyCrypto Cornerand Podcast,Play by Playsports and stock news column,Investor Ideas #Potcasts#Cannabis News and Stocks on the Move podcast and column, Cleantech and Climate Change Podcast and theAI Eye Podcastand 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.comis 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. Disclosure: this newsletter and podcast is sponsored content by featured companies NXt-ID (NASDAQ: NXTD) on behalf of Flip .More info:http://www.investorideas.com/About/News/Clientspecifics.asp
Contact management and IR of each company directly regarding specific questions.
More disclaimer info:https://www.investorideas.com/About/Disclaimer.aspLearn more about publishing your news release and our other news services on the Investorideas.com newswirehttps://www.investorideas.com/News-Upload/and tickertagstocknews.com
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 our news, PR and social media services at Investorideas.com
Follow us on Twitterhttps://twitter.com/Investorideas
Follow us on Facebookhttps://www.facebook.com/Investorideas
Follow us on YouTubehttps://www.youtube.com/c/Investorideas
Get moreBitcoin and Blockchain Investor ideas- news, articles, podcastsand stock directories