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#CryptoCorner: #Upbit Operator to Open Singapore Exchange, #Fidelity Investments CEO Announces #Crypto Projects, #Binance CEO Reveals Plans to Launch 10 New Exchanges in Next Year, #ShapeShift CEO Tweets Encouragement for Innovators in Current Market

September 19th #CryptoCorner and Podcast sponsored by Crypto payment tech, #Flip @FlipToPay ($NXTD) and Genesis Exchange and Wallet App

 

Point Roberts, WA and Delta, BC - September 19, 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, now available in podcast.

Listen to today's Crypto Corner Podcast:

https://www.investorideas.com/Audio/Podcasts/2018/091918-CryptoMarket.mp3

#CryptoCorner: #Upbit Operator to Open Exchange in Singapore, Fidelity Investments Announces Forthcoming #Crypto Projects, #Binance Reveals Plans to Launch 10 New Exchanges in Next Year and ShapeShift CEO Tweets Encouragement for Innovators in Current Market

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Crypto Corner

Upbit Operator to Open Exchange in Singapore, Fidelity Investments CEO Announces Forthcoming Crypto Projects, Binance CEO Reveals Plans to Launch 10 New Exchanges in Next Year and ShapeShift CEO Tweets Encouragement for Innovators in Current Market

Dunamu, Inc., the company that operates South Korea's biggest exchange, Upbit, has announced that it will launch a new crypto exchange in Singapore. Yonhap News reports that the company opened a branch in Singapore back in February, and that it plans to open the exchange sometime in October. The report quotes Kim Kook-hyun, the head of Upbit's Singapore branch"

"As Singapore has proactively supported blockchain technology, our advancement into the nation will help us secure many chances to lead a variety of relevant projects and to have global competitiveness."

Xconomy reports that Abigail Johnson, CEO of Fidelity Investments, said the company is working on crypto and blockchain-related products and services with the intention of announcing them in the coming months. The comments were made at an appearance Johnson made at the Boston Fintech Conference last week. Fidelity has a history working with crypto, having previously facilitated bitcoin donations through the company's charity organization Fidelity Charitable, a foray into crypto mining and more. Without revealing what is currently planned in the space, Johnson admitted that it was surprisingly different than their previous endeavours.

"What we started with was building a long list of use cases for either Bitcoin, Ethereum, other cryptocurrencies, or potentially just raw blockchain technology. Most of them have been scrapped by now or at least put on the shelf. The things that actually survived were not the things I think necessarily we expected. We were trying to listen to the marketplace and anticipate what would make sense."

In a fireside chat with CoinDesk at their Consensus Singapore event, Zhao Changpeng, CEO of crypto exchange giant Binance, revealed that the company plans to launch exchange platforms on nearly every continent. Zhao told CoinDesk that within a year Binance seeks to launch 5 to 10 new exchanges, preferably with two on each continent.

With the crypto market seeming stagnant and having lost more than $600 billion USD since its January 2018 peak, Erik Voorhees, CEO of crypto trading platform ShapeShift, tweeted about how innovators should feel encouraged:

Bear markets are for builders. The calm, the quiet, the disillusionment... while the fickle and fair-weather peer around with nervous insecurity, the builders become the market's foundation, preparing the mortar and stone of tomorrow's towers.

Sam Mowers, Investorideas

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