#CryptoCorner: Tencent (OTC:TCEHY) Establishing #DigitalCurrency Research Group, Shenzhen Stock Exchange Launches #Blockchain Index, OKEx Launches BTC Options Trading for Select Clients
Japanese Financial Services Firm Tokai Tokyo Financial Holdings (OTC:TOKTY) to Invest in Huobi Japan
Point Roberts, WA, Delta BC December 26, 2019 - Investorideas.com, a leader in crypto and blockchain investing news brings 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:
Read this in full at
Stocks discussed: (OTC:TCEHY) (OTC:TOKTY)
Chinese internet giant Tencent (OTC:TCEHY) may be establishing “a digital currency research project group” according to local media. The company did not deny the news to reporters, but did not provide further information. However, CoinDesk reports that the “new team will look at how to use digital currencies in its payments platform as well as explore other possible business applications. It will also consider how cryptocurrencies could be used within existing and future regulatory regimes”.
Also in China, the Shenzhen Stock Exchange (SSE) has announced the launch of an index tracking the performance of 50 blockchain firms. A loosely translated excerpt from the announcement reads:
The Shenzhen Stock Exchange Blockchain 50 Index is based on companies listed in the Shenzhen Stock Exchange, whose business areas involve the upstream, middle, and downstream of the blockchain industry. The stocks constitute sample stocks. The index is weighted by free float market value, and the sample stocks are regularly adjusted on the next trading day of the second Friday in June and December each year.
Malta-based crypto exchange OKEx has launched Bitcoin (BTC) options trading for select clients, according to a report from Cointelegraph. In part of a statement shared with the outlet, Lennix Lai, financial market director of OKEx, said:
“Options are a unique instrument that enables traders to manage, price and hedge the volatility of crypto assets [...] to take advantage of more than just market direction. We welcome clients from different segments, especially from our institutional clients, who have shown the fastest-growing demand in derivatives trading, especially on futures and perpetual swaps.”
Japanese financial services firm Tokai Tokyo Financial Holdings (OTC:TOKTY) has entered into a capital and business alliance agreement with Huobi Japan, the Japanese branch of crypto exchange giant Huobi. This will see a planned investment of 500 million yen (close to $4.6 million USD) from the former. An excerpt from the press release reads:
Using the capital and business alliance with Huobi Japan, a Japanese subsidiary of Huobi Group, which is a global blockchain business developer, we will promote new businesses in the areas of crypto asset exchange, new financing schemes utilizing crypto assets such as Initial Exchange Offering (IEO) local currency issuance, and storage and management service associated with crypto assets. We [will] consider expanding this business to partner regional banks and other regional banks in the future.
Sam Mowers, Investorideas
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, research and original financial content. Learn about investing in stocks and sector trends with our news alerts, articles, podcasts and videos, looking at cannabis, crypto, AI and IoT, mining, sports biotech, water, renewable energy and more. Investor Idea’s original branded content includes the following podcasts and columns : Crypto Corner , 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 , Exploring Mining the AI Eye .
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. 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
Global investors must adhere to regulations of each country. Please read Investorideas.com privacy policy: https://www.investorideas.com/About/Private_Policy.asp
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
Contact Investorideas.com
800-665-0411
No comments:
Post a Comment