#CryptoCorner: #Bitcoin Loses $7K Support, #Huobi Completes Acquisition of Pantronics, Bitcoin Mining Pool BTC.com Announces #Ethereum Mining and South Korea’s Jeju Island Seeks to Become #Blockchain Hub
#CryptoCorner:
#Bitcoin
Loses $7K Support, #Huobi Completes Acquisition of Pantronics, Bitcoin
Mining Pool BTC.com Announces #Ethereum Mining and South Korea’s Jeju Island
Seeks to Become #Blockchain Hub
August 30th #CryptoCorner and Podcast sponsored by Crypto
payment tech, #Flip @FlipToPay ($NXTD)
and #AI, #IoT, #Blockchain, #Crypto Technology Company Gopher Protocol (OTCQB: $GOPH) and Genesis
Exchange and Wallet App
Point Roberts, WA, Delta BC, August 30, 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.
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Read this in full at http://www.investorideas.com/news/2018/crypto-corner/08301Bitcoin-Huobi-Ethereum-Blockchain.asp
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Bitcoin Loses $7K Support, Huobi Completes Acquisition of Pantronics,
Indian Central Bank to Explore CBDC, Bitcoin Mining Pool BTC.com Announces
Ethereum Mining and South Korea’s Jeju Island Seeks to Become Blockchain Hub
The total market capitalization is down a bit
today, having fallen about $9 billion USD from $231 billion USD this time
yesterday, to $222 billion USD at press time, according to data from CoinMarketCap. Bitcoin (BTC) has lost support at $7000 USD after
remaining above it since Tuesday, and is now trading at just under $6900 USD. Most
of the top 100 listed altcoins are in the red.
Crypto exchange giant Huobi has completed the acquisition of public company Pantronics Holdings (HKSE:1611.HK) for an estimated $77 million USD.
The company took control of 215,576,000 sales shares, or 71.67 percent, of
Pantronics on the date of the sale and purchase agreement on August 21. As was
reported previously on
Investorideas.com, the move could see Huobi itself becoming a public company.
The Reserve
Bank of India (RBI), the country’s central bank, released its annual report yesterday,
wherein the possibility of a central bank digital currency (CBDC) was
discussed. The document cited costs associated with traditional currency and
the growing popularity of digital alternatives as reasons for creating a new
committee devoted to exploring CBDC.
Rapid changes
in the landscape of the payments industry, along with factors such as emergence
of private digital tokens and the rising costs of managing fiat paper/metallic
money, have led central banks around the world to explore the option of
introducing fiat digital currencies. In India, an inter-departmental group has
been constituted by the Reserve Bank to study and provide guidance on the
desirability and feasibility to introduce a central bank digital currency.
Bitcoin mining
pool BTC.com announced in a press release that it has
opened an Ethereum (ETH) and Ethereum Classic (ETC) mining pool. BTC.com was
responsible for 21 percent of newly-mined Bitcoin last year. According to the
press release, miners will now be able to switch hashing power between pools in
response to the market. BTC.com’s mining pool director, Zhuang Zhong, explained
how introducing Ethereum mining will expand mining activity.
"…Ethereum
provides multiple different reward incentives to contribute hash power to the
network. We hope to expand Ethereum's network by relaying those rewards through
our FPPS system. By competing to provide the best reward margins along with our
product development, we expect mining operations to grow to 12% of ETH total
hashrate in the next 12 months."
The governor
of South Korea’s Jeju Island, Won Hee-ryong, has petitioned the country’s
president, Moon Jae-in, to allow the island to become a blockchain hub,
according to a report from CoinDesk. Won said
that Jeju Island could create more than 1600 new jobs if companies were
permitted to launch ICOs in the region.
"If Jeju Island is designated as a blockchain
special zone, international standards and regulations on cryptocurrency should
be created to ensure that blockchain and crypto companies that are promoting
sound businesses both domestically and abroad can conduct businesses in the
province."
Sam Mowers, Investorideas
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/
Gopher Protocol Inc. (OTCQB: GOPH) is a development-stage company
which consider itself a Native IoT creator, developing Internet of Things
(IoT) and Artificial Intelligence enabled mobile technology. Gopher’s exclusive
licensor filed a non-provisional patent covering a proprietary GRC
Blockchain-Based Radio Generated Digital Currency on June 19, 2018 . Additionally
Gopher’s Avant! AI technology has been designed to supervise
the Blockchain System to keep records of all data exchanges. The AI system will
be embedded as an integral part of Gopher’s digital coin Blockchain system.
GBT is a powerful cryptocurrency
centralized / decentralized exchange which will include a broad range of
services and benefits from cryptocurrency and blockchain markets development,
while avoiding complications and risks arising from crytocurrency ownership,
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The powerful GBTDesk aggregator ensuring exchange of
cryptocurrencies for fiat currencies under smart contracts without
intermediaries is a key element of GBT.
Download
the Genesis Exchange and Wallet App at Google Play
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