#CryptoCorner: Market Pullback, BIS Chief Supporting CBDCs, Xetra Lists First #Blockchain Company, Huobi Partners with Nervos for DeFi Services and Busan to Launch Local #Crypto
Point Roberts WA, Delta BC, July 1, 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/2019/070119-CryptoMarket.mp3
Read this in full at https://www.investorideas.com/news/2019/crypto-corner/07011BIS-Xetra-Huobi-Busan.asp
Subscribe to Podcast RSS feed:
https://www.investorideas.com/rss/feeds/Podcasts-Crypto.xml
July 1 Crypto Corner
Stocks discussed: (BWQ.F)
Over the weekend the crypto market has seen a pullback as total market capitalization has sunk from its Friday peak of about $350 billion to $306 billion this morning, according to data from CoinMarketCap. Bitcoin (BTC) is still trading for more than $10,000 ($10,490 at press time), a support level it reached on June 21 which it hasn’t yet dipped below. With 61 percent of the market, Bitcoin still dominates with a market cap of about $187 billion.
CoinDesk reports that Agustin Carstens, chief of the Bank for International Settlements (BIS), has expressed support for central bank digital currencies (CBDCs) in a recent interview with the Financial Times. Regarding global central banks that are already developing CBDCs, Carstens said, “we are working on it, supporting them”. Carstens has described cryptocurrencies as a “Ponzi scheme” as recently as a year ago.
German financial news site DGAP reports that blockchain development firm Advanced Blockchain AG (BWQ.F) has been listed on Deutsche Boese’s Xetra exchange. According to the report the Berlin-based company:
“…focuses on the design, development and implementation of distributed ledger technology (DLT) software for businesses and their products and services.”
Huobi Group has partnered with blockchain network Nervos to develop a new public blockchain focused on decentralized financial (DeFi) services. Provisionally called the Huobi Finance Chain, the project is described as “a regulator-friendly, high-performance financial blockchain that allows enterprises, financial institutions, and exchanges to deploy their own blockchains, tokenized assets, and DeFi services”. Leon Li, CEO and Founder of Huobi Group, commented:
"The mission of Huobi Group is to make finance more efficient and make wealth accessible to all. This project is not only in line with Huobi's overall strategy, but it also fulfils our core mission. From a strategic point of view, decentralized financial services are still in an early stage of development. The market demand is clear, however, and we believe this is a very definite business opportunity.”
Busan, South Korea’s most populous city after the capital Seoul, will be issuing a blockchain-based local cryptocurrency, according to local outlet ETNews. The currency will be a stablecoin, equal to the local currency in the BNK Busan Bank account. This development follows the selection of Busan as a blockchain regulation-free zone.
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
Follow us on Twitter https://twitter.com/Investorideas
Follow us on Facebook https://www.facebook.com/Investorideas
Follow us on YouTube https://www.youtube.com/c/Investorideas
Contact Investorideas.com
800-665-0411
#CryptoCorner: Market Pullback, BIS Chief Supporting CBDCs, Xetra Lists First #Blockchain Company, Huobi Partners with Nervos for DeFi Services and Busan to Launch Local #Crypto
Point Roberts WA, Delta BC, July 1, 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/2019/070119-CryptoMarket.mp3
Read this in full at https://www.investorideas.com/news/2019/crypto-corner/07011BIS-Xetra-Huobi-Busan.asp
Subscribe to Podcast RSS feed:
https://www.investorideas.com/rss/feeds/Podcasts-Crypto.xml
July 1 Crypto Corner
Stocks discussed: (BWQ.F)
Over the weekend the crypto market has seen a pullback as total market capitalization has sunk from its Friday peak of about $350 billion to $306 billion this morning, according to data from CoinMarketCap. Bitcoin (BTC) is still trading for more than $10,000 ($10,490 at press time), a support level it reached on June 21 which it hasn’t yet dipped below. With 61 percent of the market, Bitcoin still dominates with a market cap of about $187 billion.
CoinDesk reports that Agustin Carstens, chief of the Bank for International Settlements (BIS), has expressed support for central bank digital currencies (CBDCs) in a recent interview with the Financial Times. Regarding global central banks that are already developing CBDCs, Carstens said, “we are working on it, supporting them”. Carstens has described cryptocurrencies as a “Ponzi scheme” as recently as a year ago.
German financial news site DGAP reports that blockchain development firm Advanced Blockchain AG (BWQ.F) has been listed on Deutsche Boese’s Xetra exchange. According to the report the Berlin-based company:
“…focuses on the design, development and implementation of distributed ledger technology (DLT) software for businesses and their products and services.”
Huobi Group has partnered with blockchain network Nervos to develop a new public blockchain focused on decentralized financial (DeFi) services. Provisionally called the Huobi Finance Chain, the project is described as “a regulator-friendly, high-performance financial blockchain that allows enterprises, financial institutions, and exchanges to deploy their own blockchains, tokenized assets, and DeFi services”. Leon Li, CEO and Founder of Huobi Group, commented:
"The mission of Huobi Group is to make finance more efficient and make wealth accessible to all. This project is not only in line with Huobi's overall strategy, but it also fulfils our core mission. From a strategic point of view, decentralized financial services are still in an early stage of development. The market demand is clear, however, and we believe this is a very definite business opportunity.”
Busan, South Korea’s most populous city after the capital Seoul, will be issuing a blockchain-based local cryptocurrency, according to local outlet ETNews. The currency will be a stablecoin, equal to the local currency in the BNK Busan Bank account. This development follows the selection of Busan as a blockchain regulation-free zone.
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
Follow us on Twitter https://twitter.com/Investorideas
Follow us on Facebook https://www.facebook.com/Investorideas
Follow us on YouTube https://www.youtube.com/c/Investorideas
Contact Investorideas.com
800-665-0411
No comments:
Post a Comment