Wednesday, March 04, 2020

#CryptoCorner: Samsung Signs MoU to Develop #Blockchain-based Solutions for Banks, Facebook (NasdaqGS: $FB) Floats Libra Redesign Which May Include Additional #Currencies

  
#CryptoCorner: Samsung Signs MoU to Develop #Blockchain-based Solutions for Banks, Facebook (NasdaqGS: $FB) Floats Libra Redesign Which May Include Additional #Currencies



Point Roberts, WA, Delta BC March 4, 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 .

Listen to today’s Crypto Corner Podcast:  



Stocks discussed: (KSE:005930) (NasdaqGS:FB)

Since the last Crypto Corner on Monday, Bitcoin (BTC) has remained relatively static, posting a trading price of about $8,725 at press time, according to data from CoinMarketCap. Bitcoin’s seemingly underwhelming rally in the past couple of days prompted a critical comment from prominent gold bug and crypto skeptic Peter Schiff, CEO of Euro Pacific Capital Inc., who tweeted:

If @Bitcoin can't rally with an emergency 50 basis point rate cut, plus all of the recent stock, bond, currency and gold market volatility, under what circumstances will it rally? If Bitcoin won't go up, why own it? The answer to that question is "sell." Look out below!

The tweet prompted many replies, no small amount of which indicated the considerably better performance of Bitcoin over its existence than that of Schiff’s preferred asset gold, which experienced its biggest one-day drop since 2013 last Friday amid the market upset brought on by Coronavirus concerns.

Samsung SDS, the IT services subsidiary of Samsung Electronics Co., Ltd. (KSE:005930), has signed a memorandum of understanding with Israel-based fintech and smart payments provider Credorax, according to a report from The Korea Herald. The two companies will work together on Samsung SDS’ Nexledger Universal platform “to develop a blockchain-based finance solution for banks and merchants so they can automatically reconcile payments, remittances and invoices with their bank records.” Hong Won-pyo, president and CEO of Samsung SDS, said:

“Together with Credorax, which specializes in payments solutions, Samsung SDS will try to expand its business in the European sectors that seek digital transformation.”

Bloomberg reports that Facebook (NasdaqGS:FB) is entertaining the idea of a redesign to its Libra project that would see a network expansion to accept multiple coins, including currencies issued by central banks. This comes after considerable opposition following the project’s initial stated goal of a single global digital currency. However a source “familiar with the overhaul,” indicated that the original goal of a single global currency is still very much alive. Dante Disparte, head of policy and communications for the Libra Association, said:

“The Libra Association has not altered its goal of building a regulatory compliant global payment network, and the basic design principles that support that goal have not been changed.”

India’s Supreme Court lifted a ban on cryptocurrencies in the country yesterday, according to a report from local outlet Live Law. The ban had taken the form of regulation from the country’s central bank, the Reserve Bank of India (RBI), preventing banks from “dealing with virtual currencies and from providing services to crypto businesses.” An excerpt from the Court’s ruling reads:

“The position as on data is that VCs [virtual currencies] are not banned, but the trading in VCs and the functioning of VC exchanges are sent to comatose by the impugned Circular by disconnecting their lifeline namely, the interface with the regular banking sector. What is worse is that this has been done (i) despite RBI not finding anything wrong about the way in which these exchanges function and (ii) despite the fact that VCs are not banned.”

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
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
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 

No comments: