#CryptoCorner; Major Coins Looking Slightly More Stable, Circle Looks to Expand Poloniex in Asia and Taiwanese Central Bank Chief Skeptical About Crypto
#CryptoCorner; Major Coins Looking Slightly More Stable,
Circle Looks to Expand Poloniex in Asia and Taiwanese Central Bank Chief
Skeptical About Crypto
Point Roberts, WA, Delta BC – March 16, 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 16, 2018
By Samuel Mowers at Investorideas.com
Read this news in full at http://www.investorideas.com/news/2018/crypto-corner/03161PoloniexAsia.asp
Major Coins Looking Slightly More Stable, Circle Looks to Expand
Poloniex in Asia and Taiwanese Central Bank Chief Skeptical About Crypto
There has been a slight recovery by major
cryptocurrencies that reached a one-month low earlier yesterday. Bitcoin (BTC)
is consistently above $8000 USD (currently at about $8500 USD at press time),
after having declined to $7676.52 USD at its lowest yesterday.
Overall the market cap has improved from the one month-low of around $320 billion USD to a
roughly $338 billion USD at press time. Though prices may continue to decline
if large scale sell-offs keep occurring, the mild improvement today may be
attributed to the easing of anxiety that came with Google’s announcement that it will be banning crypto ads.
Payments technology company Circle, which recently
acquired cryptocurrency exchange Poloniex for a reported $400 million USD, plans to hire 100 new employees in a bid to expand into
Asian markets in China, South Korea, Hong Kong and Japan.
In an interview with Bloomberg, Circle co-founder
Jeremy Allaire said:
“The long-term view is that every form of value on
the planet will become a crypto token,”....“We want to offer more markets, more
assets, we want to localize it, and launch it in more international markets
and, critically, we need to work with the most important regulators.”
Taiwan’s new central bank chief, Yang Chin-long, has expressed
apprehension about cryptocurrencies, according to a roughly translated story
from Taiwanese publication Apple Daily.
In the piece Yang is quoted
as saying that he “[wanted] to go in that direction”, but lamented that
cryptocurrencies had become a highly volatile commodity and were unreliable as
a payment method.
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