#CryptoCorner: #Bitcoin Sees Huge Rally, #Coinbase Withdraws Statement of ‘Approval’, Mining Giant #Bitmain Expands Israel Operations and Japan Overhauls Financial Regulator

#CryptoCorner: #Bitcoin Sees Huge Rally, #Coinbase Withdraws Statement of ‘Approval’, Mining Giant #Bitmain Expands Israel Operations and Japan Overhauls Financial Regulator

July 18th #CryptoCorner and Podcast sponsored by Crypto payment tech, #Flip @FlipToPay ($NXTD)

Point Roberts, WA, Delta BC – July 18, 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, now available in podcast.

Listen to today’s Crypto Corner Podcast:

Subscribe to Podcast RSS feed:

Crypto Corner – July 18, 2018

Bitcoin Sees Huge Rally, Coinbase Withdraws Statement of ‘Approval’, Mining Giant Bitmain Expands Israel Operations and Japan Overhauls Financial Regulator

Bitcoin (BTC) experienced a considerable upward spike yesterday, going from about $6750 USD to a trading price of $7469 USD at press time. The coin peaked at just under $7500 USD and grew an astonishing $600 USD in less than an hour last evening, according to data from CoinMarketCap. In addition, Bitcoin’s (BTC) volume, which was blamed for some of last week’s decline, is twice as large this week at $6.67 billion USD. The total market cap has grown $26 billion USD from $271 billion USD to $297 billion USD at press time. All but two of the top 100 listed coins on CoinMarketCap are in the green for the last 24 hours.

According to Bloomberg, Coinbase has withdrawn their statement reported yesterday that they had received approval from the U.S. Securities and Exchange Commission (SEC) and Financial Industry Regulatory Authority (FINRA) to acquire Keystone Capital Corp., Venovate Marketplace Inc. and Digital Wealth LLC. In an email to Bloomberg, Coinbase spokeswoman Rachel Horwitz said:

“It is not correct to say that the SEC and FINRA approved Coinbase’s purchase of Keystone because SEC was not involved in the approval process.”

Horwitz clarified that it wasn’t necessary to be greenlit by the SEC but that there had been communication with the body.

“The SEC’s approval is not required for the change of control application,” she said. “Coinbase has discussed aspects of its proposed operations, including the acquisition of the Keystone Entity, on an informal basis with several members of SEC staff.”

Israeli publication Globes reports that Chinese bitcoin mining giant, Bitmain, plans to expand its development centre in Israel. The development centre, located in Ra’anana, will see a tripling of their team, including “more than 40 researchers, programmers, engineers and marketing people”. The centre’s manager, Gadi Glikberg, explained Bitmain’s ambition in the face of the cooler market conditions.

"The world may be in a period of relative calm after the great hype of December 2017, but for the major companies in the field this is a golden opportunity to plan, build and grow, and Bitmain has identified the potential of Israeli know-how and capabilities to contribute to the company's global effort."

Nikkei Asian Review reports that Japan’s financial watchdog, the Financial Services Agency (FSA), has been reconditioned to better respond to fintech and cryptocurrency concerns. A new Strategy Development and Management Bureau replaces the Inspection Bureau, and will be tasked with inspections of financial institutions.

Sam Mowers, Investorideas

Read other editions of the 
Crypto Corner

Get the Crypto Corner News by email Get Crypto Corner News

Crypto Corner Sponsor:

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/

More info on the sector:
Investor Ideas is positioning as a leader in blockchain and crypto content with its Bitcoin and Blockchain portals Bitcoinandblockchainstocks.com, Cryptocurrencyinvestorideas.com and Blockchaininvestorideas.com

For investors following the sector Investor Ideas has a comprehensive Bitcoin, Blockchain and Digital Currency Stocks Directory

Talk about the sector with other companies and investors- Join our LinkedIn Group Blockchain and Digital Currency Stocks and ICO's - Latest News and Commentary https://www.linkedin.com/groups/13560073

About Investorideas.com - News that Inspires Big Ideas
www.Investorideas.com is a meeting place for global investors, featuring news, stock directories, video, podcasts, company profiles, interviews and more in leading sectors. Sectors we cover include tech (AI, drones, internet of things) , payments, crypto and blockchain, biotech, mining, energy, renewable energy, water , marijuana and hemp stocks, food and beverage, defense and security (biometrics/cyber) ,Latin America, sports, entertainment, luxury brands and gaming.

The Investorideas.com podcasts are also available on iTunes, Tunein, Sticher. Spreaker.com, iHeart.com and Google Play Music.

Visit the Podcast page at Investorideas.com: http://www.investorideas.com/Audio/

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.

Copyright and ownership: Crypto Corner is an Investorideas.com content brand

Please read Investorideas.com privacy policy: http://www.investorideas.com/About/Private_Policy.asp

Contact Investorideas.com