Investorideas.com

Get great ideas from our AI, cannabis, cleantech, crypto, esports and mining podcasts - be a guest or sponsor : 800 665 0411


Share on StockTwits

#CryptoCorner: Bitcoin Flirts with $10K Support Level, ICE (NYSE: ICE) to Acquire Bridge2 for Bakkt Consumer App

Salesforce (NYSE: CRM) and Samsung Participate in Digital Asset Funding Round and U.S. Fed Member Indicates Interest in Digital Currency

 

Point Roberts, WA and Delta, BC - February 6, 2019 (Investorideas.com Newswire) Investorideas.com, a leader in crypto and blockchain investing news brings you today's edition of the Crypto Corner podcast and commentary on what's driving the cryptocurrency market.

Listen to today's Crypto Corner Podcast:

https://www.investorideas.com/Audio/Podcasts/2020/020620-CryptoMarket.mp3

#CryptoCorner: Bitcoin Flirts with $10K Support Level, ICE (NYSE: ICE) to Acquire Bridge2 for Bakkt Consumer App

SHARE PODCAST:      

Get the Crypto Corner Podcast on iTunes

Stocks discussed: (NYSE:ICE) (NYSE:CRM)

The crypto market has continued its recent bull run, having gained another $10 billion in market capitalization since yesterday's episode to make for a total of about $276 billion USD at press time, according to data from CoinMarketCap. Bitcoin (BTC), which is trading for just over $9,800 at press time, has not only reached a peak trading price for 2020, but is also trading at its highest since September, 2019. It remains to be seen whether the flagship cryptocurrency will surpass the $10,000 support level, which was achieved on and off again across last summer.

Intercontinental Exchange (NYSE:ICE) has agreed to acquire loyalty solutions provider Bridge2 Solutions. Upon acquisition, Intercontinental Exchange's digital asset subsidiary, Bakkt, will acquire Bridge2 to "accelerate the development of the Bakkt consumer application," providing "digital asset aggregation, conversion and payments through a single platform for consumers around the world." Mike Blandina, CEO of Bakkt, explained:

"With the launch of the Bakkt app, we will, for the first time, offer consumers a robust platform to consolidate and use all of their digital assets, from crypto to loyalty points to in game tokens, in one user-friendly wallet. Combining Bridge2 Solutions' embedded relationships with banks and merchants and their innovative Loyalty Pay solution will enable us to launch new products that further drive loyalty and empower consumers to trade, transfer and spend digital assets in entirely new ways."

Venture divisions of Salesforce (NYSE:CRM) and Samsung (KSE:005930) are participating in the second closing of a Series C funding round for startup Digital Asset, following a $35 million initial closing. Digital Asset is the creator of the DAML (Digital Asset Modeling Language) smart contract language, which, through this fundraising aims "to accelerate the adoption of the DAML smart contract language across multiple industries, expand the number and variety of DAML-enabled partner products and fund new products designed to enhance the DAML developer experience."A spokesperson from Samsung Venture Investment Corp., commented:

"We strongly believe that Digital Asset's model to embed DAML in partner platforms fundamentally changes the entire blockchain market. Digital Asset has positioned itself for success in the blockchain space and we are pleased to help it achieve its vision."

Lael Brainard, a member of the U.S. Federal Reserve, indicated that the central bank was increasingly open to the idea of CBDCs (central bank digital currencies) in a speech given at the Symposium on the Future of Payments, Stanford, California. An excerpt from the speech reads:

"Given the dollar's important role, it is essential that we remain on the frontier of research and policy development regarding CBDC. Like other central banks, we are conducting research and experimentation related to distributed ledger technologies and their potential use case for digital currencies, including the potential for a CBDC. We are collaborating with other central banks as we advance our understanding of central bank digital currencies."

Sam Mowers, Investorideas

For investors following the sector Investor Ideas has a comprehensive Bitcoin, Blockchain and Digital Currency Stocks Directory

About Investorideas.com - News that Inspires Big Investing Ideas Investorideas.com is a recognized news source publishing third party news, research and original financial content. Learn about investing in stocks and sector trends with our news alerts, articles, podcasts and videos, looking at cannabis, crypto, AI and IoT, mining, sports biotech, water, renewable energy and more. Investor Idea's original branded content includes the following podcasts and columns : Crypto Corner, Play by Play sports and stock news column, Investor Ideas Potcasts Cannabis News and Stocks on the Move podcast and column, Cleantech and Climate Change, Exploring Mining the AI Eye.

The Crypto Corner is part of the Investor Ideas Membership content

The Investorideas.com podcasts are also available on iTunes, Spotify, Tunein, Stitcher, Spreaker.com, iHeartRadio and Google Play Music.

Visit the Podcast page at Investorideas.com:

https://www.investorideas.com/Audio/

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 investing involves risk and possible losses. This site is currently compensated for news publication and distribution, social media and marketing, content creation and more. 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. Contact management and IR of each company directly regarding specific questions.

More disclaimer info: https://www.investorideas.com/About/Disclaimer.asp Learn more about publishing your news release and our other news services on the Investorideas.com newswire https://www.investorideas.com/News-Upload/ and tickertagstocknews.com

Global investors must adhere to regulations of each country. Please read Investorideas.com privacy policy: https://www.investorideas.com/About/Private_Policy.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.

Copyright and ownership: Crypto Corner is an Investorideas.com content brand

Follow us on Twitter https://twitter.com/Investorideas

Follow us on Facebook https://www.facebook.com/Investorideas

Follow us on YouTube https://www.youtube.com/c/Investorideas

Download our Mobile App for iPhone and Android

Contact Investorideas.com

800-665-0411


Get more Bitcoin and Blockchain Investor ideas - news, articles, podcasts and stock directories