#CryptoCorner – #Bitcoin Market Recovers Slightly, Tokyo Stock Exchange ‘Troubled’ at Possible Acquisition of Listed Company by Crypto Company, Minds.com Announces Migration to #Ethereum Network and #Crypto Trading Illegal in Saudi Arabia
#CryptoCorner
– #Bitcoin Market Recovers Slightly, Tokyo Stock Exchange ‘Troubled’ at
Possible Acquisition of Listed Company by Crypto Company, Minds.com Announces
Migration to #Ethereum Network and #Crypto Trading Illegal in Saudi Arabia
August 13, #CryptoCorner and Podcast sponsored by Crypto payment tech,
#Flip @FlipToPay ($NXTD) and #AI, #IoT,
#Blockchain, #Crypto Technology Company
Gopher Protocol (OTCQB: $GOPH), GBT a powerful
#cryptocurrency centralized / decentralized exchange
Point Roberts, WA, Delta BC –August 13, 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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Crypto
Corner August 13, 2018
Bitcoin Market
Recovers Slightly, Tokyo Stock Exchange ‘Troubled’ at Possible Acquisition of
Listed Company by Crypto Company, Minds.com Announces Migration to Ethereum
Network and Crypto Trading Illegal in Saudi Arabia
Over the weekend the crypto market saw a decline in
total market capitalization from about $226 billion USD on Friday to as low as
$206 billion USD on Saturday. The market has recovered somewhat and is $215
billion USD at press time, according to data from CoinMarketCap. Bitcoin (BTC), which currently holds a market dominance rate of 51
percent, is trading at $6400.
Nikkei Asian Review reports that a Hong Kong-based crypto company,
Noah Ark Technologies, seeks to buy control of a Tokyo Stock Exchange
(TSE)-listed company called Beat Holdings. Already a shareholder in Beat as of
June, Noah Ark reportedly proposed that the company change its name to include
“Noah Coin”, after a digital coin the former created earlier this year.
Although the TSE is typically quite open to foreign companies entering the
Japanese market, the exchange is very skeptical of cryptocurrency companies,
with one official saying they feel “troubled, to be honest”.
Minds.com, a blockchain-based social network
startup, announced today that it is migrating its platform to the ethereum
network, according to a report on CoinDesk. The company’s CEO, Bill Ottman told CoinDesk that
the page currently receives 500,000 page views every day and claims about 1.25
million registered users. He explained that Minds has created a “hybrid
on-chain, off-chain model” to accommodate high traffic volume that might
otherwise crowd the ethereum network. Ottman noted the anticipation of
increased transaction volumes upon launch which will result from certain
features going live.
"We
expect an overall increase in transactions, both on-chain and off-chain, due to
the activation of token withdrawals, purchases and rewards," he said.
Elsewhere in
the statement, Minds advisor and blockchain business developer Elizabeth
McCauley explained the market the social network catered to:
"When governments crack down on free speech
and team with centralized social media surveillance companies, [Minds] provides
a refuge for individuals seeking an avenue for global interaction and idea
exchange."
The Saudi Arabian Monetary Authority (SAMA) issued
a statement yesterday that trading digital currencies like
Bitcoin is illegal in the country. Specifically, the statement cites “negative consequences and high
risks on traders as they are out of government supervision” as reason for the
prohibition. The statement omits mention of the consequences for participating
in crypto trading.
Sam Mowers, Investorideas
Crypto Corner Sponsors:
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