#CryptoCorner; #Twitter ( $TWTR ) Ban May Have Taken Toll on #Crypto Market, Japanese Exchanges to Shut Down and #Bitfinex Seeks a New Home

#CryptoCorner; #Twitter ( $TWTR ) Ban May Have Taken Toll on #Crypto Market, Japanese Exchanges to Shut Down and #Bitfinex Seeks a New Home

Point Roberts, WA, Delta BC – March 29, 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 29, 2018
By Samuel Mowers at Investorideas.com 

Twitter Ban May Have Taken Toll on Crypto Market, Japanese Exchanges to Shut Down and Bitfinex Seeks a New Home

Bitcoin (BTC) is sitting at just under $7500 USD at press time, with the total crypto market cap around $275 billion USD. Outlets such as Cointelegraph speculate that the recent Twitter ban on crypto ads may be an influence on trading prices.

“Twitter’s move made it the third tech giant to outlaw cryptocurrency advertising in 2018, following Facebook and Google respectively. The knock-on effect on Bitcoin and altcoin prices has been tangible, with BTC/USD at its lowest point this year with the exception of a momentary dip below $6000 Feb. 6.”

Nikkei reports today that two Japanese cryptocurrency exchanges, Tokyo GateWay and Mr. Exchange, are shutting down amid the Financial Services Agency (FSA) crackdown.

“Tokyo GateWay and Fukuoka-based Mr. Exchange are withdrawing their applications to register with Japan's Financial Services Agency as exchange operators. The FSA on March 8 ordered both to improve their data security and other safeguards after they were found to be lacking.”

The FSA requires exchanges to register with the agency in addition to compliance with new regulations.
“A law that took effect last April requires cryptocurrency exchange operators to register with the FSA. Sixteen have done so, while another 16 were allowed to continue operating while their applications were under review.
The five exchange operators that have decided to pull out of the business are all part of this latter group, as is Tokyo-based Coincheck, from which hackers stole around 58 billion yen ($532 million at the time) in the virtual currency NEM in January.”

It was reported today in German-language Swiss newspaper Handelszeitung that cryptocurrency exchange Bitfinex is planning to relocate from Hong Kong to Switzerland. This follows news that the world’s largest cryptocurrency exchange, Binance, will also be relocating from Hong Kong to Malta. Bitfinex CEO Jean-Louis van der Velde affirmed the company’s desire for a new home.

The head of Bitfinex, Jean-Louis van der Velde, confirms the facts: "We are looking for a new home for Bitfinex and the parent company iFinex, where we want to merge the operations previously spread over several locations." There have already been several meetings with the State Secretariat for International Financial Affairs (SIF) and an exchange with Federal Councilor Johann Schneider-Ammann, the head of the Department of Economic Affairs.

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