#CryptoCorner: Market Shows Weekend Recovery, #Coinbase Teases Addition of New Assets, Swiss Digital Exchange May Allow #Crypto Trading, Hong Kong to Launch #Blockchain Finance Platform and Chile’s Court of Appeals Rules in Favour of Orionx Exchange
#CryptoCorner: Market Shows Weekend
Recovery, #Coinbase Teases Addition of New Assets, Swiss Digital Exchange May
Allow #Crypto Trading, Hong Kong to Launch #Blockchain Finance Platform and
Chile’s Court of Appeals Rules in Favour of Orionx Exchange
July 16th
#CryptoCorner and Podcast sponsored by Crypto payment tech, #Flip @FlipToPay
($NXTD)
Point Roberts, WA, Delta BC – July 16, 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.
Listen to the Crypto Corner Podcast:
Crypto
Corner – July 16, 2018 – News on what’s driving the
cryptocurrency markets
Read this in full
at http://www.investorideas.com/news/2018/crypto-corner/07161Swiss-HongKong-Chile.asp
Market Shows
Weekend Recovery, Coinbase Teases Addition of New Assets, Swiss Digital
Exchange May Allow Crypto Trading, Hong Kong to Launch Blockchain Finance
Platform and Chile’s Court of Appeals Rules in Favour of Orionx Exchange
This
week opens with some positive development in the crypto space as the total
market cap has improved from $250 billion USD on Friday morning to $268 billion
USD at press time. According to data from CoinMarketCap, Bitcoin (BTC) has seen an
increase in trading volume to $4.34 billion USD and is trading at just over
$6600 USD. Moreover only five of the top 100 traded coins are showing a
negative change in price in the past 24 hours.
According
to a recent announcement from Coinbase, the crypto exchange is exploring the
addition of new assets to their platform. The assets under consideration are:
Cardano (ADA), Basic Attention Token (BAT), Stellar Lumens (XLM), Zcash (ZEC)
and 0x (ZRX). The blog post makes clear that unlike Ethereum Classic (ETC),
which they are committed to adding, these assets are still under review and may
be included in a limited capacity.
“...these assets will require additional
exploratory work and we cannot guarantee they will be listed for trading.
Furthermore, our listing process may result in some of these assets being
listed solely for customers to buy and sell, without the ability to send or
receive using a local wallet.”
SIX Group, the operator of Switzerland’s
stock exchange, is open to cryptocurrency trading on its new digital platform according to an interview with
company spokesman Stephan Meier on swissinfo.ch. Meier said SIX is concentrating
on the development of the platform currently, but that crypto and ICO trading
is a possibility.
“Currently we are focusing on building
the platform and no decision has yet been made as to which specific products
will be offered to list and trade. So it is also still open whether
cryptocurrencies or already existing ICO tokens can be traded. But we will
technically be able to add various digital assets to the platform.”
The
Financial Times reports that the Hong Kong
Monetary Authority plans to launch a blockchain-backed trade finance platform
next month. The platform will link up with 21 banks, including Standard
Chartered and HSBC. The system was designed by China’s Ping An Group.
Chile’s Court of Appeals ruled in favour
of crypto exchange Orionx after the country’s Banco Estado had closed their
deposit account, according to local outlet La Tercera. The Fourth Chamber of the Court
of Appeals of Santiago accepted an appeal from Orionx, and ruled that Banco
Estado had deprived the exchange of their right of equality before the law,
outlined in Article 19 No.2 of the country’s constitution.
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
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/
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