#CryptoCorner; FSB Chairman tells G20 Cryptos “Do Not Pose Risks”, Twitter to ban Crypto Ads and Mt Gox Trustee Denies Influence on Price Drops


#CryptoCorner; FSB Chairman tells G20 Cryptos “Do Not Pose Risks”, Twitter to ban Crypto Ads and Mt Gox Trustee Denies Influence on Price Drops




Point Roberts, WA, Delta BC – March 19, 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.

Crypto Corner – March 19, 2018
By Samuel Mowers at Investorideas.com 



FSB Chairman tells G20 Cryptos “Do Not Pose Risks”, Twitter to ban Crypto Ads and Mt Gox Trustee Denies Influence on Price Drops

In a letter to “G20 Finance Ministers and Central Bank Governors”, Financial Stability Board (FSB) chairman Mark Carney said crypto-assets don’t threaten the security of the world economy.

“The FSB’s initial assessment is that crypto-assets do not pose risks to global financial stability at this time. This is in part because they are small relative to the financial system. Even at their recent peak, their combined global market value was less than 1% of global GDP. In comparison, just prior to the global financial crisis, the notional value of credit default swaps was 100% of global GDP. Their small size, and the fact that they are not substitutes for currency and with very limited use for real economy and financial transactions, has meant the linkages to the rest of the financial system are limited.”

Bitcoin (BTC), which just yesterday was trading at a one-month low of about $7400 USD, has climbed over $1000 USD to $8580 USD by press time. Given that this surge began a few hours after Carney’s FSB letter surfaced, it is likely that the positive comments restored confidence in the crypto-asset market. At press time all of the top 100 coins are in the green and the total market cap is around $328 billion USD.

Sky News recently reported that Twitter will be banning crypto ads in the next two weeks.

“The microblogging platform is following similar moves by Facebook and Google which have restricted financial advertisements due to concerns about illicit activities.
Sky News understands that the new advertising policy will be implemented in two weeks and currently stands to prohibit advertisements for initial coin offerings (ICOs), token sales, and cryptocurrency wallets globally.”
This follows Google’s similar announcement last Wednesday, in which they said they’d be banning “Cryptocurrencies and related content (including but not limited to initial coin offerings, cryptocurrency exchanges, cryptocurrency wallets, and cryptocurrency trading advice)” by June 2018.
In a recent Q & A, Mt. Gox trustee Nobuaki Kobayashi denies that his $400 million USD sell-off of BTC and BCH are responsible for the recent crashes in the price of Bitcoin.
When asked whether the sales had influenced the price of BTC and BCH, Kobayashi answered in a rough translation, substituting the less common “BCC” for the “BCH” ticker symbol:
“A bankruptcy trustee consults with experts in virtual currency trading, secures transaction security as much as possible, while devising measures not to affect market prices rather than ordinary selling at exchanges, and BCC were sold.
Therefore, I believe that there is no fact that the sale of BTC and BCC by the bankruptcy trustee affected the market price. Please note that transferring BTC and BCC itself from the address managed by the bankruptcy trustee itself does not necessarily mean the sale of BTC and BCC at that point in time. We will misunderstand that it is wrong to analyze the correlation with the market price as the timing of transfer of BTC and BCC from the address managed by bankruptcy trustee as selling point.”





Get the Crypto Corner News by email Get Crypto Corner News


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/


Blockchain and Crypto Stock GoverMedia Plus Canada Corp. (CSE: MPLS). GoverMedia Plus Canada Corp. is a Canadian holding company with a fully owned Russian technology subsidiary. GoverMedia has developed a fully operational state of the art internet platform offering all inclusive online services such as, e-commerce, social media, multimedia, corporate auctions, corporate database, messaging platform, crowdfunding, cryptocurrency and blockchain services. We believe the GoverMedia platform is the first and only internet platform offering such a wide range of online services accessible via only one account. The Company's management and advisors have extensive expertise in the Telecommunications, High-Technology, Corporate Development and Finance fields. www.gm.plus and www.govermedia.plus.

Investorideas.com is a leader in Blockchain content with its Bitcoin and Blockchain portals Bitcoinandblockchainstocks.com, Cryptocurrencyinvestorideas.com and Blockchaininvestorideas.com


Join our LinkedIn Group Blockchain and Digital Currency Stocks and ICO's - Latest News and Commentary https://www.linkedin.com/groups/13560073

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 investment involves risk and possible loss of investment. This site is currently compensated for news publication and distribution, social media and marketing, content creation and more. Contact each company directly regarding content and press release questions. 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. More disclaimer info: http://www.investorideas.com/About/Disclaimer.asp. Disclosure:  this newsletter is sponsored content by featured companies NXt-ID (NASDAQ: NXTD) on behalf of Flip and   GoverMedia Plus Canada Corp. (CSE: MPLS). More info: http://www.investorideas.com/About/News/Clientspecifics.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.

Contact Investorideas.com  
800-665-0411



Comments