Listen to today's Crypto Corner Podcast:
Subscribe to Podcast RSS feed:
The U.S. Securities and Exchanges Commission (SEC) has delayed making a decision on three different Bitcoin (BTC) exchange-traded funds yesterday. Specifically, the SEC has postponed proposed rule changes by NYSE Arca and CBOE BZX Exchange for the asset managers VanEck SolidX, Bitwise Asset Management and Wilshire Phoenix. Unless further delays are instigated, Wilshire Phoenix will be the first decided upon on September 29, with Bitwise and VanEck following on October 13 and 19, respectively. For either proposal, the Commission stated:
The Commission finds it appropriate to designate a longer period within which to issue an order approving or disapproving the proposed rule change so that it has sufficient time to consider this proposed rule change.
Reuters reports that blockchain firm Bitfury has launched an artificial intelligence (AI) division. In an interview with the publication, company co-founder and CEO Valery Vavilov explained that an increasing volume of data was the impetus for adding AI.
"Data is becoming the next oil. We have collected so much data, but only 2% of all this data has been analyzed; 98% is sitting idle and waiting to be analyzed."
"We also need to trust that data so that's where blockchain comes in."
Crypto exchange Bitex is partnering with banking technology provider Bantotal to allow cross-border payments in Latin America, according to a report from CoinDesk. Bantotal services over 60 different financial institutions across 14 different countries, with a reach of 20 million customers. Through the partnership, Bitex services will now be available to those customers directly with Bantotal, through the latter's BDevelopers program. The piece quotes Lisa Nestor, the Stellar Development Foundation's director of partnerships:
"We think this announcement further validates the value financial institutions are recognizing in digital assets and distributed ledger technology for executing core banking activities, like international payments. It's also no coincidence these product partnerships are being launched in the [Latin American] market where cross-border payments, even in neighboring nations, can be slow and expensive."
TechCrunch reports that crypto derivatives exchange Blade has raised $4.3 million USD in seed funding from various investors, including exchange giant Coinbase. Blade launches in three weeks and will focus on perpetual swaps. The article describes perpetuals as "a crypto-native trading instrument" that "allow traders to bet on the future values of cryptocurrencies in relation to another and the instruments have no expiration dates, unlike fixed maturity futures". Blade CEO Jeff Byun said:
"In the long term, we want to be the CME (Chicago Mercantile Exchange) of crypto. Coinbase and Binance are building this foundational structure for crypto, but I think we are too and in a sense that derivatives are at their core about risk transfer, we want to be building the foundational layer for risk transfer in the crypto markets."
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/
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
About Investorideas.com - News that Inspires Big Investing Ideas 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, Cleantech and Climate Change Podcast and the AI Eye Podcast and column covering developments in AI.
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. Disclosure: this newsletter and podcast is sponsored content by featured companies NXt-ID (NASDAQ: NXTD) on behalf of Flip .More info: http://www.investorideas.com/About/News/Clientspecifics.asp
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
Learn more about our news, PR and social media services at Investorideas.com
Follow us on Facebook https://www.facebook.com/Investorideas
Follow us on YouTube https://www.youtube.com/c/Investorideas
Get the Crypto Corner Podcast on iTunes Subscribe to Podcast RSS feed: https://www.investorideas.com/rss/feeds/Podcasts-Crypto.xml Crypto Corner The U.S. Securities […]