Point Roberts, WA and Delta, BC - April 18, 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.
Listen to today's Crypto Corner Podcast:#CryptoCorner: Binance Chain Mainnet Launches, Binance Starts Notre Dame Charity, ICE (NYSE: $ICE) to Apply for NY State Crypto License to Usher Launch of Bakkt Exchange
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CCN reports that the world's biggest crypto exchange, Binance, has launched the Binance Chain Mainnet today. Binance Coin (BNB), which is currently on the Ethereum (ETH) network, will be the main cryptocurrency of Binance Chain. Speaking to CCN, the Binance team said:
"Binance Chain was created to support the issuance and exchange of digital assets. Any project can issue new tokens on Binance Chain, and existing tokens that don't depend on smart contracts are welcome to migrate to Binance Chain, to natively exchange on Binance DEX and gain the benefits from this low latency and high throughput network. This will inspire more economic freedom, and more projects participating in Binance DEX will help further the long-term vision of peer-to-peer cryptocurrency trading."
Binance has also launched a charity fundraiser to support reconstruction of Notre Dame cathedral in Paris, which suffered considerable damage from a fire on April 15. At press time the charity has raised roughly $16,500 USD from 57 donations.
Reuters reports that Japan's Financial Services Agency (FSA), the country's chief financial watchdog, will require more robust oversight of cold wallet security from crypto exchanges. This follows previous regulation from the FSA that prompted exchanges to move away from the less secure hot wallets, which are connected to the internet directly and henceforth more susceptible to hacking. The agency will assess which of the 19 registered exchanges in the country need security improvements and will order them accordingly.
New York Stock Exchange owner Intercontinental Exchange (NYSE:ICE), might be seeking a crypto custody license from New York State to accelerate the launch of their delayed Bakkt crypto exchange, according to a report from Bloomberg. The platform was intended to see a launch date back in November of 2018, but concerns over the regulation of Bitcoin futures has caused delay.
According to a blog post yesterday, U.S. crypto exchange giant Coinbase has expanded crypto to crypto trading services to 11 new countries (Argentina, Mexico, Peru, Colombia, Chile, India, Hong Kong, South Korea, Indonesia, the Philippines and New Zealand), bringing the total to 53 across the globe. The post explains the significance of the growth of crypto to crypto trading:
As crypto moves from the current "investment phase" into what we call the "utility phase," a host of new use cases will present themselves. This could take the form of decentralized versions of traditional financial services like lending or micropayments or truly novel crypto applications that no one has even thought of yet. The ability to convert from one crypto to another will form the backbone of this new decentralized economy.
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 PlatformTM, 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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