#CryptoCorner: BTC Back Over $8K, Circle and Coinbase Invite Broader CENTRE Network Membership, Reuters, Bloomberg and TradingView Add Crypto Index
Point Roberts, WA and Delta, BC - June 13, 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: #BTC Back Over $8K, Circle and Coinbase Invite Broader CENTRE Network Membership, #Reuters, #Bloomberg and TradingView Add Crypto Index
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Stocks discussed: (NYSE:TRI)
Over the last couple of days the crypto market has seen a modest recovery, growing to a total market cap of $262 billion USD at press time according to data from CoinMarketCap. Bitcoin (BTC) is trading for $8,143 at present after having sunk as low as $7550 on Sunday.
In a joint announcement via blog post, payments firm Circle and crypto exchange giant Coinbase revealed that the two companies "have been working to formalize and establish the CENTRE Network: a membership-based framework and governance scheme for the development and growth of money on the internet". The companies are inviting broader membership in the network and encourage industry participation that will give new members the right to issue or redeem the stablecoin US Dollar Coin (USDC). The blog post culminates with the following excerpt:
The combination of these global digital currency tokens and open, permissionless public blockchains with smart contract infrastructure will form the foundation for a 21st century digitally-native global economy that empowers people everywhere to participate and grow value.
CoinDesk reports that the financial terminals of Thomson Reuters (NYSE:TRI), Bloomberg and TradingView will be indexing cryptocurrency data. This will be done through the terminals' support of AI-powered cryptocurrency index provider Cryptoindex, and its CIX100 index. VJ Angelo, CEO of Cryptoindex, told CoinDesk:
"The index is the culmination of three decades experience in the financial services industry building indices. I have witnessed first hand the growing demand for high-quality insight into the traditionally opaque and misunderstood area of cryptocurrency, which led me to create Cryptoindex. Our index takes into account collective sentiments expressed on social media, in addition to complex data analysis of volume trades and predictive analytics."
In a post on Medium Bakkt COO Adam White announced that the crypto platform would begin testing its two bitcoin futures contracts on July 22. White explained the company's goal to foster institutional investment in the market:
That's our mission - to support the development of trusted infrastructure for securely transacting in the new market for digital assets. In advance of the start of Bakkt's testing regimen, we wanted to share what we see as some of the benefits we're bringing to help grow this market."
Sam Mowers, Investorideas
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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 PlatformTM, 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
Genesis Exchange and Wallet App by Genesis Blockchain Technologies (GBT)
GBT is a powerful cryptocurrency centralized / decentralized exchange which will include a broad range of services and benefits from cryptocurrency and blockchain markets development, while avoiding complications and risks arising from crytocurrency ownership, transfer, and exchange.You can Download the Genesis Exchange and Wallet App at Google Play and on the Apple App Store. Learn more at http://www.mygenesis.io
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