#CryptoCorner: CME (NasdaqGS: $CME) Sets Records for BTC Trading, Japan’s JCB Signs Partnership to Develop Blockchain Payment System and SBI Plans to Integrate Ripple Tech with ATMs
Point Roberts, WA and Delta, BC - May 18, 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:
#CryptoCorner: CME (NasdaqGS: $CME) Sets Records for BTC Trading, Japan's JCB Signs Partnership to Develop Blockchain Payment System and SBI Plans to Integrate Ripple Tech with ATMs
Stocks discussed: (NYSE:ICE) (NasdaqGS:CME) (OTC:SBHGF)
Bakkt, the digital assets arm of Intercontinental Exchange (NYSE:ICE), has "onboarded more than 70 firms to the Bakkt Warehouse," - the firm's platform comprising online and offline digital storage. An excerpt from the blog post, written by Bakkt President Adam White, reads:
The secure storage of digital assets is foundational to everything we do, whether it's providing regulated bitcoin custody or supporting the delivery of the Bakkt Bitcoin (USD) Futures & Options contracts. This commitment to custody is underscored by a new collaboration with the Digital Asset Risk Transfer team from Marsh, the world's leading insurance broker. Beyond the $125M of insurance already in place at the Bakkt Warehouse, customers can now purchase more than $500M in additional insurance coverage, subject to underwriting criteria.
Cointelegraph reports that the CME (NasdaqGS:CME) has registered record numbers for Bitcoin trading in the past couple of weeks. According to the piece, "May 14 yielded open interest of 10,792 Bitcoin futures trading contracts at CME, totalling 53,960 BTC," which constitutes "an all-time high for the product." This is in addition to records posted last week, which saw 4,389 BTC worth of contracts of the firm's Bitcoin options product, as well as record open interest valued at 14,535 BTC worth of contracts.
Japanese credit card issuer, JCB, has signed a strategic partnership agreement with TECHFUND to develop a sustainable blockchain payment system. The partnership will leverage TECHFUND's expertise in blockchain technology and security token offerings (STOs). TECHFUND is also developing and providing a platform called ACCEL BaaS (Blockchain as a Service), which aims to accelerate the development of startup and enterprise blockchain applications.
SBI Holdings Inc. (OTC:SBHGF) revealed, in a recent financial report, that it plans to integrate "MoneyTap," - a Ripple-powered mobile settlements app - with the country's ATMs. The report explains that currently each bank has its own unique ATM app, but envisions jointly-operated multi-bank ATMs with a common app and utilizing MoneyTap's settlement network. SBI also announced commitments for further collaboration with Ripple and enterprise blockchain company R3.
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 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:
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
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