#CryptoCorner:
Market
Loses $17 Billion, #PBoC Opens Research Centre in Nanking, #EU Meets to Discuss
#ICO Standard and Bahraini Minister Praises #Blockchain as ‘A True Mark of
Progress’
Market
Loses $17 Billion, #PBoC Opens Research Centre in Nanking, #EU Meets to Discuss
#ICO Standard and Bahraini Minister Praises #Blockchain as ‘A True Mark of
Progress’
September 5th #CryptoCorner and Podcast sponsored by Crypto
payment tech, #Flip @FlipToPay ($NXTD) and Genesis Exchange and Wallet App
payment tech, #Flip @FlipToPay ($NXTD) and Genesis Exchange and Wallet App
Point Roberts, WA, Delta BC September 5, 2018 - Investorideas.com,
a leader in crypto and blockchain investing news reports on what’s driving the
cryptocurrency markets with today’s edition of Crypto Corner, now available in
podcast.
a leader in crypto and blockchain investing news reports on what’s driving the
cryptocurrency markets with today’s edition of Crypto Corner, now available in
podcast.
Listen to today’s Crypto Corner Podcast:
Read this in full at https://www.investorideas.com/news/2018/crypto-corner/09051PBoC-EU-Blockchain.asp
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Market Loses $17 Billion, PBoC Opens Research Centre in Nanking, EU
Meets to Discuss ICO Standard and Bahraini Minister Praises Blockchain as ‘A
True Mark of Progress’
Meets to Discuss ICO Standard and Bahraini Minister Praises Blockchain as ‘A
True Mark of Progress’
Since yesterday’s Crypto Corner, the market has
lost some $17 billion USD, with total market capitalization at $223 billion
USD, according to CoinMarketCap. Just about all of the top 100 altcoins listed are
in the red with Bitcoin (BTC) down about 5 percent. Though it lost its $7000
USD support for a bit, Bitcoin is trading at $7012 USD at press time. Other
major coins were hit harder, with Ethereum (ETH) and XRP (XRP) down 10 percent,
and Bitcoin Cash (BCH) and EOS (EOS) down 12 percent.
lost some $17 billion USD, with total market capitalization at $223 billion
USD, according to CoinMarketCap. Just about all of the top 100 altcoins listed are
in the red with Bitcoin (BTC) down about 5 percent. Though it lost its $7000
USD support for a bit, Bitcoin is trading at $7012 USD at press time. Other
major coins were hit harder, with Ethereum (ETH) and XRP (XRP) down 10 percent,
and Bitcoin Cash (BCH) and EOS (EOS) down 12 percent.
The People’s Bank of China (PBoC)’s Digital
Currency Lab has launched a research centre in the Eastern city of Nanking,
according to local outlet CNStock. This follows a similar expansion seen in the
southern city of Shenzhen, where big data, artificial intelligence and fintech
are being developed. Perhaps most notably, the Shenzhen project is expected to
be the first to test the central bank’s planned legal digital currency.
According to the piece, there is no timetable for the legal digital currency,
but the application for patents has been accelerated, with ones focused on
digital wallets being emphasized.
Currency Lab has launched a research centre in the Eastern city of Nanking,
according to local outlet CNStock. This follows a similar expansion seen in the
southern city of Shenzhen, where big data, artificial intelligence and fintech
are being developed. Perhaps most notably, the Shenzhen project is expected to
be the first to test the central bank’s planned legal digital currency.
According to the piece, there is no timetable for the legal digital currency,
but the application for patents has been accelerated, with ones focused on
digital wallets being emphasized.
CoinDesk reports that EU lawmakers met yesterday to discuss
regulation of ICOs. Specifically, the All-Party Innovation Group within the
European Parliament convened to discuss a proposal from MEP Ashley Fox, which
put forward an €8 million EUR cap on token sale proceeds in addition to
anti-money laundering safeguards. If such a proposal were accepted, it would
create a standard in the EU, which would enable projects to raise funds and
conduct business in all 28 member states. The article quotes France Digitale’s
managing director Nicolas Brien from the meeting:
regulation of ICOs. Specifically, the All-Party Innovation Group within the
European Parliament convened to discuss a proposal from MEP Ashley Fox, which
put forward an €8 million EUR cap on token sale proceeds in addition to
anti-money laundering safeguards. If such a proposal were accepted, it would
create a standard in the EU, which would enable projects to raise funds and
conduct business in all 28 member states. The article quotes France Digitale’s
managing director Nicolas Brien from the meeting:
"Having the certainty, but also having that
legitimization, I actually welcome having a European-wide proposal because it
gives people the certainty to know. I think we need to be clear whether this is
a utility token or a transferable security, or how the regulator regime looks
at that, but I think this can be done because an ICO is another form of
crowdfunding. It's different, but it is a form of crowdfunding."
legitimization, I actually welcome having a European-wide proposal because it
gives people the certainty to know. I think we need to be clear whether this is
a utility token or a transferable security, or how the regulator regime looks
at that, but I think this can be done because an ICO is another form of
crowdfunding. It's different, but it is a form of crowdfunding."
Speaking at the SmartSec Cyber Security and
Blockchain Conference yesterday in Bahrain, a Bahraini minister extolled
blockchain as a technology of the future and encouraged companies to pursue it,
according to local outlet The Daily Tribune. The Minister of Electricity and Water Affairs, Dr Abdulhussain Mirza
who is also part of the Supreme Committee for Information and Communication
Technology, said:
Blockchain Conference yesterday in Bahrain, a Bahraini minister extolled
blockchain as a technology of the future and encouraged companies to pursue it,
according to local outlet The Daily Tribune. The Minister of Electricity and Water Affairs, Dr Abdulhussain Mirza
who is also part of the Supreme Committee for Information and Communication
Technology, said:
“Technologies such as blockchain take us a huge
step forward in finding a secure way to facilitate transactions. Blockchain’s
ability to protect user’s data is a true mark of progress, especially due to
the fact that it can be applied in different companies from different
industries including cyber security.”
step forward in finding a secure way to facilitate transactions. Blockchain’s
ability to protect user’s data is a true mark of progress, especially due to
the fact that it can be applied in different companies from different
industries including cyber security.”
“This is the kind of initiative that we would like
Bahraini companies to have so that innovation can arise amongst the great minds
of this community.”
Bahraini companies to have so that innovation can arise amongst the great minds
of this community.”
Sam Mowers, Investorideas
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