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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

#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

Point Roberts WA, Delta BC, April 18, 2019 - 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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April 18 Crypto Corner

Stocks discussed: (NYSE:ICE)

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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Additional disclosure: 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 and GBT Technologies. More info: www.investorideas.com/...
Contact management and IR of each company directly regarding specific questions.
More disclaimer info: www.investorideas.com/... Learn more about publishing your news release and our other news services on the Investorideas.com newswire www.investorideas.com/... and tickertagstocknews.com
Global investors must adhere to regulations of each country. Please read Investorideas.com privacy policy: www.investorideas.com/...

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.