#CryptoCorner
Sept 10: #SEC
Suspends Crypto ETNs, Gemini Launches US Dollar-Pegged #Stablecoin, #Citigroup
to Introduce ‘Digital Asset Receipt’ for #Crypto Trading and Singapore Exchange
#KuCoin Invests $3 Million in #Bitcoin Australia
Sept 10: #SEC
Suspends Crypto ETNs, Gemini Launches US Dollar-Pegged #Stablecoin, #Citigroup
to Introduce ‘Digital Asset Receipt’ for #Crypto Trading and Singapore Exchange
#KuCoin Invests $3 Million in #Bitcoin Australia
#CryptoCorner and Podcast sponsored by Crypto payment tech, #Flip
@FlipToPay ($NXTD) and Genesis Exchange and Wallet App
@FlipToPay ($NXTD) and Genesis Exchange and Wallet App
Point Roberts, WA, Delta BC September 10, 2018 - Investorideas.com,
a leader in crypto and blockchain investing news reports on what’s driving the
cryptocurrency markets with today’s edition of Crypto Corner, now available in
podcast.
a leader in crypto and blockchain investing news reports on what’s driving the
cryptocurrency markets with today’s edition of Crypto Corner, now available in
podcast.
Listen to today’s Crypto Corner Podcast:
Read this in full at https://www.investorideas.com/news/2018/crypto-corner/09101SEC-Gemini-Citigroup-Singapore-Australia.asp
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September 10 Crypto Corner
Market Cap at Lowest in 10 Months, SEC Suspends Crypto ETNs, Gemini
Launches US Dollar-Pegged Stablecoin, Citigroup to Introduce ‘Digital Asset
Receipt’ for Crypto Trading and Singapore Exchange KuCoin Invests $3 Million in
Bitcoin Australia
Launches US Dollar-Pegged Stablecoin, Citigroup to Introduce ‘Digital Asset
Receipt’ for Crypto Trading and Singapore Exchange KuCoin Invests $3 Million in
Bitcoin Australia
The crypto market reached its lowest point in 10
months over the weekend and remains so as we open the week with a total market
capitalization of $195 billion USD, according to data from CoinMarketCap. Ethereum (ETH) has continued its downtrend and is trading at $195 USD
the first time it’s been below $200 USD in over a year. Most of the top 100
coins listed by market capitalization are in the red.
months over the weekend and remains so as we open the week with a total market
capitalization of $195 billion USD, according to data from CoinMarketCap. Ethereum (ETH) has continued its downtrend and is trading at $195 USD
the first time it’s been below $200 USD in over a year. Most of the top 100
coins listed by market capitalization are in the red.
The U.S. Securities and Exchanges Commission (SEC) announced yesterday that it was suspending trading in the
securities Bitcoin Tracker One (CXBTF) and Ether Tracker One (CETHF) until September
20. The rationale for suspending the two exchange-traded notes (ETNs), issued
by Sweden’s XBT Provider, was that there was a “a lack of current, consistent
and accurate information” that resulted in “confusion amongst market
participants”.
securities Bitcoin Tracker One (CXBTF) and Ether Tracker One (CETHF) until September
20. The rationale for suspending the two exchange-traded notes (ETNs), issued
by Sweden’s XBT Provider, was that there was a “a lack of current, consistent
and accurate information” that resulted in “confusion amongst market
participants”.
The Commission is of the opinion that the public
interest and the protection of investors require a suspension of trading in the
securities of the above quoted company.
interest and the protection of investors require a suspension of trading in the
securities of the above quoted company.
The Winklevoss brothers announced via Medium that their digital asset exchange Gemini was
launching a stablecoin called the Gemini Dollar (GUSD). The coin, built on the Ethereum network,
is pegged to the U.S. dollar and has approval from the New York State
Department of Financial Services (NYDFS). From the press release:
launching a stablecoin called the Gemini Dollar (GUSD). The coin, built on the Ethereum network,
is pegged to the U.S. dollar and has approval from the New York State
Department of Financial Services (NYDFS). From the press release:
We are excited to bring the Gemini dollar to market
and provide a crucial link between the traditional banking system and the new,
rapidly growing crypto economy. With the Gemini dollar, we continue to deliver
on our mission — to build the future of money — and help transform the global financial system to enable possibilities
previously unimaginable.
and provide a crucial link between the traditional banking system and the new,
rapidly growing crypto economy. With the Gemini dollar, we continue to deliver
on our mission — to build the future of money — and help transform the global financial system to enable possibilities
previously unimaginable.
According to a report from Business Insider, investment bank Citigroup has developed a
product, called a Digital Asset Receipt (DAR), that enables investors to trade
cryptocurrencies without having to directly owning them. Sources say that the
DAR works similarly to an American Depositary Receipt, a security that
represents a security from a non-U.S. company, in that it utilizes a
third-party custodian.
product, called a Digital Asset Receipt (DAR), that enables investors to trade
cryptocurrencies without having to directly owning them. Sources say that the
DAR works similarly to an American Depositary Receipt, a security that
represents a security from a non-U.S. company, in that it utilizes a
third-party custodian.
“The foreign stock is held by a bank, which then
issues the depository receipt. In this case, the cryptocurrency is held by a
custodian and the DAR is issued by Citigroup.”
issues the depository receipt. In this case, the cryptocurrency is held by a
custodian and the DAR is issued by Citigroup.”
The Australian Financial Review reports that Singapore crypto exchange giant,
KuCoin, has invested $3 million AUD into domestic exchange Bitcoin Australia.
The move positions KuCoin to expand internationally, according to the piece.
Bitcoin Australia CEO Rupert Hackett explained the relationship between the two
companies.
KuCoin, has invested $3 million AUD into domestic exchange Bitcoin Australia.
The move positions KuCoin to expand internationally, according to the piece.
Bitcoin Australia CEO Rupert Hackett explained the relationship between the two
companies.
"KuCoin is designed for speculative investors
and offers 300 different cryptocurrencies to buy and sell and it doesn't do any
onboarding. It will effectively create an exchange for intermediate and
advanced traders, while we're a mass market approach, making us quite
synergistic. We'll build the consumer-friendly retail experience for people
entering the market, while supporting KuCoin for advanced traders."
and offers 300 different cryptocurrencies to buy and sell and it doesn't do any
onboarding. It will effectively create an exchange for intermediate and
advanced traders, while we're a mass market approach, making us quite
synergistic. We'll build the consumer-friendly retail experience for people
entering the market, while supporting KuCoin for advanced traders."
Sam Mowers, Investorideas
Crypto Corner Sponsors:
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cutting edge payment technology and a subsidiary of NXT-ID (NASDAQ: NXTD).
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