#CryptoCorner: Market Green Again, Facebook’s (NasdaqGS: $FB) #Crypto Whitepaper to Drop on June 18, Australian Taxation Office Cracking Down on Crypto and Football Club SL Benfica Allowing Crypto Transactions
Point Roberts WA, Delta BC, June 7, 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 .
Listen to today’s Crypto Corner Podcast: https://www.investorideas.com/Audio/Podcasts/2019/060719-CryptoMarket.mp3
Read this in full at https://www.investorideas.com/news/2019/crypto-corner/06071FB-Australia-Football.asp
Subscribe to Podcast RSS feed:
https://www.investorideas.com/rss/feeds/Podcasts-Crypto.xml
Stocks discussed: (NasdaqGS:FB)
The market is looking a bit greener heading into the weekend with total market capitalization clocking in at around $255 billion USD at press time, according to data from CoinMarketCap. Bitcoin (BTC) is trading for just below $8000 after reclaiming the support level a few times in the last several hours. With a market cap of $142 billion, Bitcoin dominates the crypto market with a share of 55.5 percent. Trailing, as usual, are Ether (ETH) and XRP, with market caps of $26 billion and $17 billion, respectively. Notably, Litecoin (LTC) has grown an impressive 12.3 percent in the last 24 hours, making it the third biggest altcoin at press time.
TechCrunch reports that Facebook’s (NasdaqGS:FB) planned cryptocurrency, which is variously referred to by the codenames Libra and GlobalCoin, will see a whitepaper launch on June 18. The TechCrunch article further describes the token:
“The cryptocurrency will be a stablecoin — a token designed to have a stable price to prevent discrepancies and complications due to price fluctuations during a payment or negotiation process. Facebook has spoken with financial institutions regarding contributing capital to form a $1 billion basket of multiple international fiat currencies and low-risk securities that will serve as collateral to stabilize the price of the coin, The Information reports. Facebook is working with various countries to pre-approve the rollout of the stablecoin.”
The Sydney Morning Herald reports that the Australian Taxation Office (ATO) is cracking down on cryptocurrency-related tax avoidance schemes. This is part of a greater effort involving tax authorities from Australia, the United States, Britain, the Netherlands and Canada – called the J5 – to combat tax avoidance, cybercrime and cryptocurrency abuse. ATO deputy commissioner Will Day said:
"We're seeing the use of cryptocurrencies in ways that we haven't seen before. At the Australian level, there is definitely legitimate use for investment in cryptocurrencies, but we're also seeing the use of them to facilitate tax crimes."
Portuguese football (soccer) team S.L. Benfica has partnered with crypto payments company Utrust to allow purchases in Bitcoin or Ethereum on the team’s online store, according to a report from Verdict. SL Benfica CEO Domingos Soares de Oliveira, commented:
“This is an exciting day in the history of S.L. Benfica as we announce our decision to accept cryptocurrency payments. We recognise that many of our supporters are now digital users first, so we want to be ahead of the curve when it comes to adopting novel technologies and giving our supporters the best online experience.”
Sam Mowers, Investorideas
Read other editions of the Crypto Corner
Crypto Corner Sponsors:
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
More info on the sector:
Investor Ideas is positioning as a leader in blockchain and crypto content with its Bitcoin and Blockchain portals Bitcoinandblockchainstocks.com, Cryptocurrencyinvestorideas.com and Blockchaininvestorideas.com
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 and press releases plus we create original financial content. Learn about investing in stocks and sector trends from Investorideas.com with our news alerts , articles , podcasts and videos talking about cannabis, crypto, technology including AI and IoT , mining ,sports biotech, water, renewable energy and more . Investorideas.com original branded content includes the daily Crypto Corner and Podcast, 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 Podcast and the AI Eye Podcast and column covering developments in AI.
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. Disclosure: this newsletter and podcast is sponsored content by featured companies NXt-ID (NASDAQ: NXTD) on behalf of Flip and GBT Technologies . More info: http://www.investorideas.com/About/News/Clientspecifics.asp
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
Learn more about our news, PR and social media services at Investorideas.com
Contact Investorideas.com
800-665-0411
No comments:
Post a Comment