#CryptoCorner: #Nasdaq CEO Writes ” #Crypto Currencies Could Still Be a Global Currency of the Future”, London Stock Exchange Tech Selected for Crypto Exchange
Point Roberts, WA and Delta, BC – January 22, 2019 (Investorideas.com Newswire) Investorideas.com, a leader in crypto and blockchain investing news, in partnership with Fit Pay, Inc.’s (subsidiary of NXT-ID (NASDAQ: NXTD) crypto payment tech, Flip and the Genesis Exchange and Wallet App bring you today’s edition of the Crypto Corner podcast and commentary on what’s driving the cryptocurrency market.
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#CryptoCorner: #Nasdaq CEO Writes “#Crypto Currencies Could Still Be a Global Currency of the Future”, London Stock Exchange Tech Selected for Crypto Exchange
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Nasdaq CEO Writes “Crypto Currencies Could Still Be a Global Currency of the Future”, London Stock Exchange Tech Selected for Crypto Exchange, Netherlands Publishes Regulatory Proposals and Huobi “Likely” to Launch Stablecoin in 2019
Stocks discussed: (NasdaqGS:NDAQ)
As we come out of the long weekend the crypto market is still hovering around a total market cap of $120 billion USD, according to data from CoinMarketCap, after dropping from $124 billion on Sunday night. Flagship cryptocurrency Bitcoin (BTC) is trading for around $3600, followed by XRP and Ether (ETH), which are trading for $0.32 and $119, respectively.
In a post on LinkedIn, Nasdaq (NasdaqGS:NDAQ) President and CEO Adena Friedman wrote that “Crypto Currencies Could Still Be a Global Currency of the Future”. The post, which was written ahead of Friedman’s appearance at the World Economic Forum at Davos this week, outlined two possibilities for the future of crypto:
1) Either the innovation finds practical utility followed by years of steady and sustainable commercial progress and integration into the economic fabric (e.g., the Internet); or
2) The invention fails to achieve broad adoption and its commercial applications as medium of exchange are limited (e.g., the Segway).
The London Stock Exchange Group’s (LSEG) technology provider, LSEG technology, has announced in a press release today that its Millenium Exchange technology has been selected by fintech company ATOM Group for its new digital asset exchange venue AAX. LSEG Technology CIO Ann Neidenbach commented:
“We are delighted to have been selected by ATOM to provide a best-in-class technology solution to help power its new exchange. It underlines Millennium Exchange’s reputation for performance, scalability, flexibility and reliability and we look forward to working with the AAX team ahead of the launch in H1 2019.”
A report published by the Netherland’s central bank, De Nederlandsche Bank (DNB), and the Netherlands Authority for Financial Markets (AFM), outlines recommendations for a regulatory framework of the crypto space. The report argues that, given the cross-borders nature of cryptocurrency, an internationally-coordinated regulatory framework is ideal. The two recommendations outlined in the report are:
- Introduce a licensing regime for fiat-crypto exchange platforms and crypto wallet providers, to ensure effective implementation of the revised European anti-money laundering directive.
- Amend the European regulatory framework to enable blockchain-based development of SME [small and medium-sized enterprises] funding, and reconcile the national and the European regulatory definitions of security.
Cointelegraph reports that crypto exchange giant Huobi could debut its own stablecoin this year. The article quotes Huobi CFO Chris Lee after a presentation in Singapore today, where he said:
“This year will be huge for stablecoins and we will be a part of that. Likely Huobi Group will launch its own stablecoin in 2019 in the first half of the year.”
Sam Mowers, Investorideas
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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/
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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
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