Tuesday, May 28, 2019

#CryptoCorner: Bull Market Returns, JPM Chase (NYSE: $JPM) Adding Privacy Capabilities to #Crypto Payment System, Yahoo Japan-Owned Crypto Exchange to Launch May 30

#CryptoCorner: Bull Market Returns, JPM Chase (NYSE: $JPM) Adding Privacy Capabilities to #Crypto Payment System, Yahoo Japan-Owned Crypto Exchange to Launch May 30

Point Roberts WA, Delta BC, May 28, 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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May 28 Crypto Corner

Stocks discussed: (NYSE:JPM) (TYO:4689)

The crypto market rocketed over $20 billion USD on Sunday, bringing total market capitalization to more than $270 billion, where it is still sitting at press time, according to data from CoinMarketCap. Bitcoin (BTC) is leading the way, as usual, with a trading price of about $8,700 and a market cap of $154 billion. Following are Ether (ETH) and XRP, with market caps of $28.6 and $17.8 billion, respectively.

According to a report from Bloomberg, the past month has been crypto’s best performing since 2017. The article quotes David Tawil, president of crypto hedge fund ProChain Capital, who points out that the greater adoption of crypto is a significant factor in the current bull run.

“The more merchants that accept crypto encourages more people to adopt it and use it. That’s major.”

CoinDesk reports that JPMorgan Chase (NYSE:JPM) has included additional privacy capabilities for the company’s Zether Protocol. Zether is described as “a fully-decentralized, confidential payment mechanism that is compatible with Ethereum and other smart contract platforms”. Oli Harris, JPMorgan’s head of Quorum and crypto-assets strategy, told CoinDesk:

“In the basic Zether, the account balances and the transfer accounts are concealed but the participants’ identities are not. So we have solved that. In our implementation, we provide a proof protocol for the anonymous extension in which the sender may hide herself and the transactions recipients in a larger group of parties.”

Cointelegraph reports that Taotao, a Japanese crypto exchange which is 40 percent-owned by Yahoo Japan (TYO:4689), will launch on May 30. Initial trading of Bitcoin and Ethereum will be available, with more cryptos to follow.

The government of South Korea has held a meeting to address the recent surge in the crypto market, according to local outlet KBS World Radio. The article explains that authorities will monitor the situation and take action if necessary.

The participants, including officials from the Ministry of Economy and Finance, the Justice Ministry and the Financial Services Commission, vowed to closely monitor local cryptocurrency exchanges and take action to minimize the ramifications on investors should the market rapidly overheat.

They also plan to take stern action on potential fraud by working with law enforcement authorities and the financial watchdog.

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/

Genesis Exchange and Wallet App by Genesis Blockchain Technologies ( GBT)
@GenesisBlockch  , @GbtTechnologies
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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