#CryptoCorner: Dish (Nasdaq: $DISH) Network Files Blockchain-Based Patent Application, JPMorgan (NYSE: $JPM) Sees “High Anticipation” for Today’s CME (NasdaqGS: $CME) Group BTC Options Trading Launch
Point Roberts, WA, Delta BC January 13, 2020 - 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 .
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Stocks discussed: (NasdaqGS:DISH) (TYO:8410) (SGX:U11) (NYSE:JPM) (NasdaqGS:CME)
U.S. television provider Dish Network Corporation (NasdaqGS:DISH) has filed a patent application for a blockchain-based anti-piracy management system, according to a report from TorrentFreak. The system is explained in the abstract of the application:
“A software and/or hardware facility that can be used by content owners to assert ownership of content so that copyright friendly websites and services can take action against copyright piracy effectively, efficiently and is scalable is disclosed. The facility makes available to all content owners watermarking/fingerprinting technology so an identifier can be embedded in the content. The facility utilizes blockchain technology to add information related to each unique identifier in a database and allows an authorized user to update the information through a blockchain transaction.”
Bangkok-based fintech firm Lightnet has raised $31.2 million USD in a Series A funding round, according to a report from Business Insider Malaysia. The report indicates that Lightnet is “Asia’s first blockchain company to receive financial backing from six large conglomerates” which include the likes of Seven Bank (TYO:8410) and UOB Venture Management, a subsidiary of United Overseas Bank (SGX:U11). Lightnet CEO, Suvicha Sudchai, explained:
“Lightnet is offering three innovative solutions, BridgeNet, LiquidNet and SmartNet. The main platform has been completed, and the first transaction is slated for Q1 2020. In addition to the potential 500,000 cash agents across our ecosystem, Lightnet will integrate with several renowned payment and remittance partners such as MoneyGram, Seven Bank, Yeahka, Ksher across Japan, South Korea, and several other South East Asia nations to ensure successful activation of our ecosystem.”
Crypto derivatives exchange FTX has launched Bitcoin (BTC) options trading, according to a tweet from company CEO Sam Bankman-Fried. Following the announcement, Bankman-Fried revealed in subsequent tweets that “FTX options just hit $1m of volume since the launch 2 hours ago!” and “traded about 2,000 contracts in their first 12 hours!”
Elsewhere, JPMorgan Chase & Co. (NYSE:JPM) is seeing a growth of institutional interest and “high anticipation” for the launch of CME Group Inc. (NasdaqGS:CME) Bitcoin options today, according to a report from BloombergQuint. An excerpt outlines the observations of JPMorgan analyst Nikolaos Panigirtzoglou:
“There has been a step increase in the activity of the underlying CME futures contract” over the past few days, Panigirtzoglou wrote, noting that open interest has increased 69% from year-end, and that the number of large open-interest holders has grown. “This unusually strong activity over the past few days likely reflects the high anticipation among market participants of the option contract.”
Sam Mowers, Investorideas
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