#Crypto Corner: Messaging Platform LINE Partners with ICON, #Coinbase Announces Suite Aimed at Investors and JP Morgan Co-President Talks #Crypto
Point Roberts, WA and Delta, BC - May 16, 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 - May 16, 2018
Messaging Platform LINE Partners with ICON, Coinbase Announces Suite Aimed at Investors and JP Morgan Co-President Talks Crypto
LINE Plus Corporation, a subsidiary of Japan's most popular messaging app LINE, has announced that it has partnered with South Korean blockchain project ICON. The joint venture, called UNCHAIN, has announced ICON's Hong-kyu Lee as CEO. The press release says:
"unchain is tasked with creating a token economy platform that better rewards the platform's users - as they are essentially the producers and consumers of information - through incorporating ICON's blockchain technology. In addition, the company has been charged with developing LINE's blockchain mainnet and decentralized app services, which were announced in April at DEV WEEK 2018 in Seoul."
Coinbase has announced the rollout of a suite of institutional products in a recent blog post by company General Manager Adam White.
Coinbase Custody: "a service that couples Coinbase's cryptocurrency security excellence with third-party auditing and financial reporting validation that operates at the high standard of an SEC-regulated, custodial broker-dealer."
Coinbase Markets: a Chicago-based electronic marketplace that "provides a centralized pool of liquidity for all Coinbase products."
Coinbase Prime: "a new platform designed specifically to provide a suite of tools and services that institutional investors rely on when trading cryptocurrency."
Coinbase International Coverage Group: "focused exclusively on serving the needs of institutional clients by providing sales, sales trading, research, market operations, and client services support."
White told CNBC:
"We think this can unlock $10 billion of institutional investor money sitting on the sideline. We're seeing a rapid increase in attention awareness and adoption in the cryptocurrency market."
Daniel Pinto, Co-President and Co-COO of JPMorgan, said that they are "looking into" the cryptocurrency space in an interview with CNBC. This follows Goldman Sachs' announcement to launch Bitcoin futures trading and Intercontinental Exchange's (ICE) decision to open an online cryptocurrency exchange.
Pinto told CNBC:
"I think the concept is valid, you have many central banks looking into. The tokenization of the economy, for me, is real. Cryptocurrencies are real but not in the current form."
Sam Mowers, Investorideas.com
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/
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
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.