Thursday, April 12, 2018

#CryptoCorner; #Bitcoin Exhibits Impressive Move, #OKEx Expanding to Malta and Australia Names Deadline for New Regulations


#CryptoCorner; #Bitcoin Exhibits Impressive Move, #OKEx Expanding to Malta and Australia Names Deadline for New Regulations




Point Roberts, WA, Delta BC – April 12, 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 – April 12, 2018
By Samuel Mowers at Investorideas.com 



Bitcoin Exhibits Impressive Move , OKEx Expanding to Malta and Australia Names Deadline for New Regulations

Bitcoin (BTC) was trading as high as $8055 USD today, according to Coindesk, which is the highest its traded since late March. Interestingly the flagship cryptocurrency achieved this spike of more than $1000 USD  in the space of 45 minutes. It is unknown at press time the reason for this dramatic upward movement which represents more than a 15 percent increase in value.

Although the trading price has sunk to roughly $7650 USD at press time, it is still higher than Bitcoin has traded all month. According to data from CoinMarketCap, all of the top 20 cryptocurrencies have displayed growth in the last 24 hours leaving the total market cap at just under $300 billion USD at press time.

In a press release earlier today, the world’s second-largest cryptocurrency exchange OKEx announced that it is expanding to Malta. Malta, a small island nation in the Mediterranean, has fashioned itself as a leader in digital ledger technology regulation. It even attracted the world’s largest cryptocurrency exchange, Binance, to announce plans to move there last month.

In the press release, Chris Lee, CEO of OKEx, explained the company’s interest in Malta’s regulation as a reason for the move. The company’s Chief Risk Officer and Head of Government Relations, Tim Byun, also commented:

“We look forward to working with the Malta government as it is forward thinking and shares many of our same values: the most important of which are protection of traders and the general public, compliance with Anti Money Laundering and Know Your Customer standards, and recognition of the innovation and importance of continued development in the Blockchain ecosystem.”

Tim Byun, Chief Risk Officer and Head of Government Relations of OKEx, states: “Malta’s Virtual Financial Asset Act is a solid foundation for the industry and the government to work together in fostering the nascent blockchain/digital asset industry. More specifically, Malta’s sound risk-based approach will help cultivate a responsible, compliant, and healthy ecosystem.”  

In an announcement yesterday, the Australian Transaction Reports and Analysis Centre (AUSTRAC), identified a deadline for cryptocurrency exchanges to register to recent regulations. Digital currency exchanges (DCEs) will have until May 14 to register with the authority.


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/







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. 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



Investorideas.com - #CryptoCorner: ICE (NYSE: $ICE) Announces Futures Trading on #Bakkt Platform for December 12, 2018, Singapore State Investment Firm Invests in #Binance Fiat-to-Crypto Exchange Expansion

Investorideas.com - #CryptoCorner: ICE (NYSE: $ICE) Announces Futures Trading on #Bakkt Platform for December 12, 2018, Singapore State Inve...