#CryptoCorner: BTC Drops below $10K, North Korea Developing #Crypto, Zuckerberg in DC as Libra Faces Scrutiny, Arab Bank Switzerland Announces Digital Assets Suite and 7-Elevens in Philippines to Sell #Bitcoin
Point Roberts, WA, Delta BC September 19, 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: https://www.investorideas.com/Audio/Podcasts/2019/091919-CryptoMarket.mp3
Read this in full at https://www.investorideas.com/news/2019/crypto-corner/09191BTC-NorthKorea-Libra-Arab-Switzerland-Philippines.asp
Subscribe to Podcast RSS feed:
https://www.investorideas.com/rss/feeds/Podcasts-Crypto.xml
September 19 Crypto Corner
Stocks discussed: (NasdaqGS:FB)
There was some movement in the crypto market in the last 12 hours or so, with a sudden drop in market cap of about $8 billion USD, according to data from CoinMarketCap. This plunged Bitcoin (BTC) below its established $10K support level, with a drop from about $10,200 to roughly $9, 850. At press time, Bitcoin is trading for $9,900.
VICE News reports that North Korea is in the process of creating its own cryptocurrency, similar to Bitcoin. A government representative told the outlet that the crypto was being designed as a way to avoid sanctions on the country and to “circumvent the U.S.-dominated global financial system”. Alejandro Cao de Benos, the official in charge of North Korea’s cryptocurrency conferences, and a special delegate for the Committee for Cultural Relations for the Democratic People's Republic of Korea (DPRK), told VICE:
“We are still in the very early stages in the creation of the token. Now we are in the phase of studying the goods that will give value to it.”
He added that there are:
“no plans to digitize the [North Korean] won for now.”
Mark Zuckerberg, CEO of Facebook (NasdaqGS:FB), is meeting with policymakers and regulators in Washington D.C. to discuss the company’s cryptocurrency project Libra, according to a report from Bloomberg. An excerpt from the article reads:
The company is trying to win over lawmakers threatening to stymie its launch of a new digital currency called Libra that its executives say can lower costs and expand access to the banking system in developing countries. The project faced bipartisan scorn during congressional hearings in July, even leading to legislative proposals that would kill it.
Arab Bank Switzerland has announced the launch of a full suite of digital asset services, which will include custody and brokerage of Bitcoin and Ethereum (ETH). The press release indicates that the move into the crypto space was influenced by increasing demand by younger clients who want digital assets in their diversified portfolios. Serge Robin, CEO of Arab Bank (Switzerland) Ltd., commented:
“We firmly believe that blockchain will disrupt the financial industry as we know it and we intend to be amongst the first banks to offer digital asset services to our clients in a secure and regulated environment.”
Crypto investment app Abra has announced that all 7-Eleven stores in the Philippines would begin selling Bitcoin. Through a new partnership with payments processor ECPay, Abra users will be able to add crypto to their Abra wallet at any of ECPay’s 6,000 retail locations in the country, which include all 7-Eleven stores.
Sam Mowers, Investorideas
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. 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