#CryptoCorner: #Bitstamp Acquired by NXMH, British Business Pushes Against Proposed #Crypto Regulation, #Hitachi Payment Services and State Bank of India JV for Digital Payments
October 29th #CryptoCorner and Podcast sponsored by Crypto payment tech, #Flip @FlipToPay ($NXTD) and Genesis Exchange and Wallet App
Point Roberts, WA and Delta, BC - October 29, 2018 (Investorideas.com Newswire) 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.
Listen to today's Crypto Corner Podcast:
#CryptoCorner: #Bitstamp Acquired by NXMH, British Business Pushes Against Proposed #Crypto Regulation, #Hitachi Payment Services and State Bank of India JV for Digital Payments
Subscribe to Podcast RSS feed:
Bitstamp Acquired by Investment Firm NXMH, British Business Pushes Against Proposed Crypto Regulation, Hitachi Payment Services and State Bank of India in Joint Venture for Digital Payments and Coinbase Cuts 15 Employees
Stocks discussed: (TYO:6501)
Reuters reports that investment firm NXMH has acquired crypto exchange Bitstamp in an all cash deal. Bitstamp CEO Nejc Kodrič did not disclose particular details of the transaction, but Reuters notes that even in 2016, Bitstamp was valued at $60 million USD. Bitstamp is registered in Luxembourg, and is the largest crypto exchange in the European Union by volume. NXMH is a European subsidiary of South Korean-based investment firm, NXC. Kodrič explained to Reuters that the sale was not premeditated, but that there had been increased interest from buyers since last year.
"The sale wasn't planned. There was no active effort to go around and solicit buyers. The vibrant industry last year sparked potential interest from buyers to make a footprint in the industry. We started to get approached by buyers in the middle of last year."
British newspaper The Telegraph reports that experts from the U.K.'s business community have pushed back against MPs as a response to proposed regulation in the crypto and fintech spaces. A report compiled by the British Business Federation Authority (BBFA), law firm Baker Botts, venture capital fund Novum Insights and cryptocurrency exchange TodaQ, claimed that "bad regulation is worse than no regulation at all". The chief executive of the BBFA, Patrick Curry, warned that unforeseen damage could be sustained by proposed regulation.
"It is a very blunt instrument approach and I haven't seen this in other countries. The use of this technology is still a voyage of discovery and these technologies are being refined for different types of use. My concern is the law of unintended consequences."
Hitachi Payment Services, an India-based subsidiary of Japanese electronics giant Hitachi (TYO:6501), has entered a joint venture with the State Bank of India (SBI) to establish a digital payments system. Hitachi Payments will invest a 26 percent stake in the venture and will contribute digital solutions to the Indian payments sector using its IoT platform Lumada. Commenting on the partnership, Hitachi president and CEO Toshiaki Higashihara said:
"Along with the accelerating movement of digitization around the world, Hitachi aims to improve people's lives by providing digital solutions in India and other countries. By establishing the joint venture with SBI, Hitachi will further contribute to the development of digital payments in India by building a state-of-the-art digital payments platform and leveraging SBI's robust customer network."
Yahoo Finance reports that crypto exchange giant Coinbase, has cut 15 staff members recently. Though the company employs some 550 people, the loss of 15 may come as a surprise as the exchange is believed to be gearing up for a public listing.
Sam Mowers, Investorideas
Read other editions of the Crypto Corner
Get the Crypto Corner News by email Get Crypto Corner News
Crypto Corner Sponsors:
Flip™ is the creation of Fit Pay, Inc., a leading provider of cutting edge payment technology and a subsidiary of NXT-ID (<NASDAQ: NXTD). By leveraging the FitPay Payment Platform™, Flip enables cryptocurrency holders to seamlessly exchange their cryptocurrency for US dollars and store that value on a contactless payment device that can be used to make purchases at millions of retail locations. https://www.fliptopay.com/
Genesis Exchange and Wallet App by Genesis Blockchain Technologies (GBT)
GBT is a powerful cryptocurrency centralized / decentralized exchange which will include a broad range of services and benefits from cryptocurrency and blockchain markets development, while avoiding complications and risks arising from crytocurrency ownership, transfer, and exchange.You can Download the Genesis Exchange and Wallet App at Google Play and on the Apple App Store. Learn more at http://www.mygenesis.io
More info on the sector:
Investor Ideas is positioning as a leader in blockchain and crypto content with its Bitcoin and Blockchain portals Bitcoinandblockchainstocks.com, Cryptocurrencyinvestorideas.com and Blockchaininvestorideas.com
For investors following the sector Investor Ideas has a comprehensive Bitcoin, Blockchain and Digital Currency Stocks Directory
Talk about the sector with other companies and investors- Join our LinkedIn Group Blockchain and Digital Currency Stocks and ICO's - Latest News and Commentary https://www.linkedin.com/groups/13560073
About Investorideas.com - News that Inspires Big Investing Ideas https://www.investorideas.com/
Investorideas.com is a recognized news source publishing third party news and press releases plus we create original financial content. Learn about investing in stocks and sector trends from Investorideas.com with our news alerts , articles , podcasts and videos talking about cannabis, crypto, technology including AI and IoT , mining ,sports biotech, water, renewable energy and more . Investorideas.com original branded content includes the daily Crypto Corner and Podcast, Play by Play sports and stock news column, Investor Ideas #Potcasts#Cannabis News and Stocks on the Move podcast and column and the Cleantech and Climate Change Podcast .
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 investment involves risk and possible loss of investment. This site is currently compensated for news publication and distribution, social media and marketing, content creation and more. Contact each company directly regarding content and press release questions. 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. More disclaimer info: http://www.investorideas.com/About/Disclaimer.asp. Disclosure: this newsletter and podcast is sponsored content by featured companies NXt-ID (NASDAQ: NXTD) on behalf of Flip and GBT Technologies . More info: http://www.investorideas.com/About/News/Clientspecifics.asp Learn more about Investor ideas podcast and news publication services and costs https://www.investorideas.com/News-Upload/
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
Please read Investorideas.com privacy policy: https://www.investorideas.com/About/Private_Policy.asp
Learn more about our news, PR and social media services at Investorideas.com
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
Contact Investorideas.com
800-665-0411