#CryptoCorner: #Bitcoin Dips Below $6K as Market Suffers, #Coinbase Opens in Portland, OR and German Bank Offers Service for Crypto and Blockchain Companies
#CryptoCorner: #Bitcoin
Dips Below $6K as Market Suffers, #Coinbase Opens in Portland, OR and German
Bank Offers Service for Crypto and Blockchain Companies
Point Roberts, WA, Delta BC –June 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 – June 29th
Read this in full at http://www.investorideas.com/news/2018/crypto-corner/06291Bitcoin-Coinbase-Blockchain.asp
Bitcoin Dips Below $6K as Market Suffers, Coinbase Opens in Portland, OR
and German Bank Offers Service for Crypto and Blockchain Companies
In the past 24 hours the cryptocurrency market cap
has dropped from $246 billion USD to about $235 billion USD at press time, a
loss of roughly $11 billion USD. According to data from CoinMarketCap, all but two coins, Tether (USDT) and RChain (RHOC), are in the red for
the past day of trading. Bitcoin (BTC) itself has dropped below the $6000 USD barrier
for the second time this year, having previously dipped on Sunday, June 24. At
press time it is trading at $5910 USD. In an analysis of how the market may
recover, CCN quotes BlockTower founder Ari Paul in a report
today:
“Institutional money started trickling into
cryptocurrency in mid 2017, but it’s been slower than many (including myself)
expected. That doesn’t mean it’s not coming. There are a lot of pieces that
need to come together, one big piece being third party custody. Custody isn’t
binary. It’s not like Coinbase custody will launch and suddenly every pension
will throw $100 million into BTC. It takes time for custody solutions to gain
trustworthiness. But. I think we’ll have solid third party custody by September
of this year.”
U.S. based crypto exchange giant, Coinbase, is
opening an office in Portland, Oregon, according to an announcement today. The company also expects to add 100 jobs to
the local economy within their first year.
The potential
of cryptocurrency and blockchain technology is energizing a passionate group of
people around the world, and we know those people are not all centralized in
Silicon Valley. We signed a 7-year lease on the new Portland office and
renovations will break ground in the coming weeks.
Germany’s
solarisBank now allows crypto and blockchain companies in the European Economic
Area (EEA) to conduct business with its new “Blockchain Factory”. One service the Blockchain Factory
will offer is the “Automated Trust Account”, which is an automated escrow
account for cryptocurrency marketplaces and eases the buying and selling of
fiat currencies. solarisBank CEO Roland Folz explains the niche the bank will
be filling:
"There is
high demand from the blockchain world for a licensed partner that forms the
technological and regulatory bridge to traditional banking - as a technology
company with a banking licence we are the natural partner.”
Sam Mowers, Investorideas
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