#CryptoCorner: Lowest Market Cap in 9 Months, #SEC Faces 9 #ETFs in the Next 2 Months, Thailand Receives 50 #ICO Project and 20 Exchange Applications and MLBPA Teams with Startup For #Crypto Tokens

#CryptoCorner: Lowest Market Cap in 9 Months, #SEC Faces 9 #ETFs in the Next 2 Months, Thailand Receives 50 #ICO Project and 20 Exchange Applications and MLBPA Teams with Startup For #Crypto Tokens

August 9th #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 9, 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 August 9, 2018

Lowest Market Cap in 9 Months, SEC Faces 9 ETFs in the Next 2 Months, Thailand Receives 50 ICO Project and 20 Exchange Applications and MLBPA Teams with Startup For Crypto Tokens

We continue to see decline as the total market capitalization for crypto got as low as $219 billion USD overnight, which is the lowest it’s been in nine months. At press time it has recovered modestly to $225 billion USD, according to CoinMarketCap. Bitcoin (BTC), currently trading at just under $6500 USD and accounting for 49 percent of market dominance, got as low as $6227 USD last night.

The consensus seems to be that the plummeting prices in the crypto market are most likely related to the U.S. Securities and Exchange Fund’s (SEC) move to delay their decision on a proposed SolidX and VanEck exchange traded fund (ETF) until September 30. CoinDesk reports that there are, in fact, a total of nine ETFs being decided upon by the SEC in the coming two months. August 23 marks the deadline of two funds proposed by ProShares, September 15 for two funds proposed by GraniteShares and September 21 for four funds proposed by Direxion. The report outlines a few ways that the SEC can delay these decisions, much like they have with the SolidX-VanEck proposal.

“To be sure, the agency could release its decisions ahead of its prescribed deadline (as the SEC did this week). But past examples indicate that the SEC will wait until closer to the deadlines, all but ensuring additional nail-biting by the crypto community.”

The Bangkok Post reports today that the Thai government is being inundated with applications following the announcement last month of licensing regulations on the crypto market. Among the applicants are 50 ICO projects and 20 companies seeking to operate as digital exchanges. Once an application has been submitted, the regulator has up to 90 days to forward it to the Finance Ministry. Upon receipt the Finance Ministry has 60 days to decide on approval. Despite the rigour of the licensing process, Thuntee Sukchotrat, the CEO of JIB Digital Consult, is quoted in the report saying that digital assets will be the future of investment.

"I believe that investors will invest in digital assets instead of stocks in the future. The performance of ICOs will rise in line with ICO project performance. The investment ratio of ICOs to stocks will be on par within two years."

Forbes reports that Seattle-based startup Player Tokens has partnered with the Major League Baseball Players Association (MLBPA) to create a cross between trading cards and digital assets. The Player Tokens come in packs and each represent a particular player. They can be traced back through the blockchain to validate their authenticity, making each token identifiable with its collector. Player Tokens Founder and CEO Kush Parikh explained the aim of the project:

“We’re really trying to leverage the collectible world from baseball. We’re looking to have fans collect their favorite players and we’ll build more engagement between the fans and players through the digital experience. There’s a scarcity aspect that will make it fun from a collectibles perspective.”

Sam Mowers, Investorideas

Read other editions of the 
Crypto Corner

Get the Crypto Corner News by email Get Crypto Corner News

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.
For more info on Gopher and its technologies visit http://gopherprotocol.com/

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, transfer, and exchange.
The powerful GBTDesk aggregator ensuring exchange of cryptocurrencies for fiat currencies under smart contracts without intermediaries is a key element of GBT.

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 Investing Ideas
Investorideas.com is a recognized news source publishing third party news and press releases plus we create original financial content. Learn about investing in stocks and  sector trends  from Investorideas.com with our news alerts , articles , podcasts and videos  talking about cannabis,  crypto,  technology including  AI and IoT , mining ,sports biotech, water, renewable energy and more . Investorideas.com original branded content includes the daily Crypto Corner and Podcast, Play by Play sports and stock news column, Investor Ideas #Potcasts #Cannabis News and Stocks on the Move podcast and column,  Cleantech and Climate Change Podcast and the Stock Guru daily podcast on Support and Resistance Trading.

The Investorideas.com podcasts are also available on iTunes,  Spotify, Tunein, Stitcher, Spreaker.com, iHeartRadio 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  and podcast is sponsored content by featured companies NXt-ID (NASDAQ: NXTD) on behalf of Flip  and Gopher Protocol Inc. (OTCQB: GOPH) and its blockchain and crypto technologies and  GBT Technologies  . 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

Learn more about our news, PR and social media services at Investorideas.com

Follow us on Twitter https://twitter.com/Investorideas

Contact Investorideas.com