CryptoCorner: Bitstamp Granted NY State BitLicense, PewDiePie to Stream on Blockchain-Powered DLive Platform
Point Roberts, WA and Delta, BC - April 10, 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.
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#CryptoCorner: Bitstamp Granted NY State BitLicense, PewDiePie to Stream on Blockchain-Powered DLive Platform
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The New York State Department of Financial Services (DFS) has granted a virtual currency "BitLicense" to crypto exchange Bitstamp's U.S. subsidiary, according to a press release yesterday. Bitstamp becomes the nineteenth company to be approved for crypto-related operations in the state. Nejc Kodrič, CEO of Bitstamp, commented:
"We appreciate New York's solid regulatory framework - the nation's first - to protect consumers using cryptocurrencies and look forward to expanding our growing business in the state. Bitstamp has always embraced regulatory efforts that focus on transparency and accountability to help expand the industry and bridge the gap between the traditional financial and cryptocurrency worlds."
PewDiePie, the content-creator behind Youtube's most popular channel, has formed a partnership with blockchain-powered livestreaming platform DLive. PewDiePie, who has some 93 million subscribers on Youtube, will begin streaming exclusively on DLive on April 14. Wilson Wei, Co-Founder of Lino Network, which powers DLive, commented:
"DLive is a place where instead of competing against each other, it benefits creators to support one another. With no platform cuts, we incentivize everyone to create the highest quality content for viewers. PewDiePie has always been a fierce advocate for the value that creators bring with their hard work, time, and effort, and he believes in DLive's vision. Our livestreaming platform has the potential to forever change how creators are represented in this industry, and we're proud to have PewDiePie help us lead this charge."
Crypto exchange Bitfinex has removed the $10,000 minimum balance requirement from their platform, opening up trading to a wider array of investors. A company blog post reveals that the decision was motivated by popular demand over the past six months. Jean-Louis van der Velde, CEO at Bitfinex, said:
"We simply could not ignore the increasing level of requests for access to trade on Bitfinex from a wider cohort than our traditional customer base. For the last six months we have been working hard to ready our platform for a new wave of customer accounts and are now in a position to open Bitfinex to a wider audience. By dropping our minimum equity requirement, the only limits are now set by the traders themselves."
The Gibraltar Stock Exchange (GSX) has announced that it will begin offering blockchain-based securities on the GSX Global Market. The rationale for applying distributed ledger technology (DLT) on the platform is to "open up greater liquidity pools, making illiquid assets more accessible".
Sam Mowers, Investorideas
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