Investorideas.com
Search  Follow Investorideas on Twitter  Investorideas is on Facebook  Investorideas is on Google Plus  Investorideas is on Youtube  Investorideas is on Pinterest  Investorideas is on tumblr  Investorideas is on LinkedIn  Investorideas RSS 


Investorideas podcasts on iTunes, Google Play Music and iHeart.com    Investorideas.com potcasts - cannabis news and stocks to watch plus insight from thought leaders and experts    Investorideas.com crypto corner    Play by Play – the latest sports headlines and sports stock news

 

Join Investor Ideas Members to access the Renewable Energy stocks directory, water stocks, biotech stocks, defense stocks directories and the Insiders Corner

#Crypto Corner: Philippines to Allow Crypto Trading in Economic Zone, #Binance Records Higher Profits than Germany’s Biggest Bank and Chile Reopens Crypto Exchange Accounts

 

Point Roberts, WA and Delta, BC - April 26, 2018 (Investorideas.com Newswire) Investorideas.com, a leader in crypto and blockchain investing news reports on what's driving the cryptocurrency markets with today's edition of Crypto Corner.

Crypto Corner - April 26, 2018

By Samuel Mowers at Investorideas.com

Philippines to Allow Crypto Trading in Economic Zone, #Binance Records Higher Profits than Germany’s Biggest Bank and Chile Reopens Crypto Exchange Accounts

The Philippines is allowing cryptocurrency exchanges to open in a special economic zone of the country according to a report in Reuters. The area is known as the Cagayan Economic Zone Authority (CEZA), and the businesses operating within it will be able to mine crypto, set up ICOs or exchange:

""We are about to licence 10 platforms for cryptocurrency exchange. They are Japanese, Hong Kong, Malaysians, Koreans," Raul Lambino, chief of the Cagayan Economic Zone Authority (CEZA), told Reuters.

"They can go into cryptocurrency mining, initial coin offerings, or they can go into exchange," Lambino said."

A CCN piece made the observation that cryptocurrency giant Binance is more profitable than Germany's Deutsche Bank. In Q1 of 2018, Binance, less than a year old, recorded a profit of $200 million USD against $146 million by Deutsche Bank.

"Binance, a cryptocurrency startup that was non-existent merely 8 months ago beat out a leading bank that was established 148 years ago. A startup with 200 employees beat out a banking giant with 100,000 employees."

In Germany, securities trading bank VPE WertpapierhandelsBank AG has begun trading cryptocurrencies according to a press release yesterday. Public Relations Manager at VPE, Katharina Strenski, said the crypto had matured as an asset class and that VPE will be Germany's first bank to trade crypto.

"Cryptocurrencies such as Bitcoin, Litecoin, Ethereum and others have become a promising asset class in recent years. To date, trading digital tokens has been restricted to crypto exchanges and online marketplaces. We are pleased to be the first German bank to offer our customers cryptocurrency trading services."

Buda, a Chilean cryptocurrency exchange, is having its previously closed accounts reopened after a court decision according to a report in Bloomberg.

"Chile's anti-monopoly court ordered Banco del Estado de Chile and Itau Corpbanca to re-open Buda's accounts while the exchange's lawsuit continues against 10 banks, including these two, according to the ruling published on the court's website. Buda sued after what it said was "arbitrary" and "unjustified" closing of its accounts."

Get the Crypto Corner News by email Get Crypto Corner News

Crypto Corner Sponsors:

Investorideas.com - NXT-ID Inc. (NASDAQ: NXTD) Subsidiary Fit Pay Flip<sup>TM</sup>

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/

Preorder Flip


Investorideas.com is a leader in Blockchain content with its Bitcoin and Blockchain portals Bitcoinandblockchainstocks.com, Cryptocurrencyinvestorideas.com and Blockchaininvestorideas.com

View our growing Bitcoin, Blockchain and Digital Currency Stocks Directory

Join our LinkedIn Group Blockchain and Digital Currency Stocks and ICO's - Latest News and Commentary https://www.linkedin.com/groups/13560073



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 is sponsored content by featured companies NXt-ID (NASDAQ: NXTD) on behalf of Flip and   GoverMedia Plus Canada Corp. (CSE: MPLS). More info: http://www.investorideas.com/About/News/Clientspecifics.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.

Contact Investorideas.com  

800-665-0411