Crypto Corner: Israeli Mining Firm Files for #IPO in Canada, Swiss Stock Exchange SIX to List First ETP and Israeli Investment Firm Launches 2 #Crypto Funds
November 19th) #CryptoCorner and Podcast sponsored by Crypto payment tech, #Flip @FlipToPay ($NXTD) and Genesis Exchange and Wallet App @GenesisBlockch
Point Roberts, WA and Delta, BC - November 19, 2018 (Investorideas.com Newswire) 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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Crypto Corner: Israeli Mining Firm Files for #IPO in Canada, Swiss Stock Exchange SIX to List First ETP and Israeli Investment Firm Launches 2 #Crypto Funds
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Market Sinks Again, Israeli Mining Firm Files for IPO in Canada, US Federal Election Commission Greenlights Contributions from Mining, Swiss Stock Exchange SIX to List First ETP and Israeli Investment Firm Launches 2 Crypto Funds
Stocks discussed: (OTCQX:BLLCF)
After appearing to stabilize somewhat after last week's market cap drop, the crypto market has plummeted overnight. According to data from CoinMarketCap, at press time total market capitalization is sitting at $169 billion USD, which is a loss of about $45 billion USD since last Monday. Virtually every coin in the top 100 by market cap is in the red, with Bitcoin (BTC) trading at its lowest in over a year at $5150 USD. Elsewhere, Ether (ETH) has surrendered its usual number 2 position to XRP after dropping 12 percent in the last 24 hours.
Israeli crypto mining firm Bitfarms (OTCQX:BLLCF) has filed for an IPO in Canada. The press release cites Canada's over 3000 public companies having raised $53 billion in equity capital in 2017, as well as the country's public blockchain infrastructure companies as reasons to get involved in the market. Wes Fulford, CEO of Bitfarms said:
"Our analysis suggests that Canada has one of the most active public markets in our emerging industry, with several blockchain infrastructure and cryptocurrency mining companies having listed and raised significant capital over the last twelve months."
The U.S. Federal Election Commission (FEC) has released a letter confirming that crypto mining as a form of supporting political candidates is permissible. The letter is in response to a proposal from OsiaNetwork LLC from September, which requested that crypto mining be considered a means of volunteering for a candidate. The FEC has rejected the idea of mining as volunteering, opting to classify it as a means of contribution, which is not eligible for exemption.
Cointelegraph reports that Swiss Stock Exchange SIX will list the world's first multi-crypto-based exchange-traded product (ETP) next week. The ETP is backed by startup Amun AG and will be listed under the index HODL. It will track five major cryptocurrencies: Bitcoin (BTC), Ether (ETH), XRP, Bitcoin Cash (BCH) and Litecoin (LTC).
Bloomberg reports that Israeli crypto investment firm, Silver Castle, Ltd., has launched two funds this month. The first fund is long and short momentum driven and based on the five biggest coins by market cap. The second fund offers a basket of the top 10 coins. Zvi Ziv, the chairman of the board of directors said:
"There is a lot of potential in using blockchain and everything is going to try and move there. I believe herein lies the biggest potential in the financial world."
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/
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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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