#CryptoCorner: #Bitcoin Breaks $8000 as Market Continues to Grow, #Binance to Expand to South Korea, TRON acquires BitTorrent, Inc. and G20 Releases Statement on Crypto
#CryptoCorner: #Bitcoin
Breaks $8000 as Market Continues to Grow, #Binance to Expand to South Korea,
TRON acquires BitTorrent, Inc. and G20 Releases Statement on Crypto
July 24 #CryptoCorner and Podcast sponsored by Crypto payment tech,
#Flip @FlipToPay ($NXTD)
Point Roberts, WA, Delta BC – July 24, 2018 - Investorideas.com, a leader in crypto and
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Crypto Corner – July 24, 2018
Read this in full at http://www.investorideas.com/news/2018/crypto-corner/07241Bitcoin-Binance-TRON-BitTorrent-G20.asp
Bitcoin Breaks $8000 as Market Continues to Grow, Binance to Expand to
South Korea, TRON acquires BitTorrent, Inc. and G20 Releases Statement on
Crypto
Bitcoin (BTC) broke past $8000 USD last night as
the flagship crypto coin surged from around $7700 USD throughout most of
yesterday to $8180 USD at press time. While many altcoins didn’t follow suit,
the growth of Bitcoin propelled the market from yesterday’s $287 billion USD to
just shy of $300 billion USD at press time. Currently Bitcoin (BTC) accounts
for 47 percent of the entire crypto market. All of this data is from CoinMarketCap.
The world’s largest cryptocurrency exchange,
Binance, will be expanding into South Korea, according to a report in Business Korea today. The company’s CEO, Changpeng Zhao, attended the Blockchain
Partners Summit in Seoul on July 21 and 22, and in his keynote speech there
praised the South Korean market and expressed enthusiasm to become part of the community.
As an exchange that is considered secure and reliable, Binance may work well in
South Korea’s heavily regulated crypto space.
The TRON (TRX) Foundation, has acquired BitTorrent,
Inc. and all its products, according to a letter posted on Medium by TRON
CEO Justin Sun. BitTorrent is a file sharing communications protocol based on a
peer-to-peer network. Sun writes that both companies will be wholly integrated.
“Through this
acquisition, BitTorrent and TRON will combine forces, with the TRON US team
merging with the BitTorrent team. BitTorrent possesses world-class technical
talent and solid experience in decentralized protocol technology.. Combining
the robust capabilities of the two teams will take the technology behind the
TRON ecosystem to a whole new level.”
The G20
Finance Ministers and Central Bank Governors Meeting in Buenos Aires released
an official statement, which among
other things addressed issues raised by crypto-assets. The statement praised
crypto as innovation that “can deliver significant benefits to the financial
system and broader economy”, but highlighted risks with regard to “consumer and
investor protection, market integrity, tax evasion, money laundering and
terrorist financing”. To check the technology, the G20 statement invokes
watchdogs like the Financial Stability Board (FSB) and standard setting bodies
(SSBs) and calls on the Financial Action Task Force (FATF) to delineate
standards for the crypto sector.
“While
crypto-assets do not at this point pose a global financial stability risk, we
remain vigilant. We welcome updates provided by the FSB and the SSBs and look
forward to their further work to monitor the potential risks of crypto-assets,
and to assess multilateral responses as needed. We reiterate our March
commitments related to the implementation of the FATF standards and we ask the
FATF to clarify in October 2018 how its standards apply to crypto-assets.”
Sam Mowers, Investorideas
Crypto Corner Sponsors:
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cutting edge payment technology and a subsidiary of NXT-ID (NASDAQ: NXTD).
By leveraging the FitPay Payment Platform™, Flip enables cryptocurrency holders
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