CryptoCorner: Market Loses $27 Billion Overnight as #SEC Delays #ETF Decision, Korean #Blockchain Association Calls for Gov’t Embrace and Regulation and #Opera to Launch Browser with Built-in #Crypto Wallet
CryptoCorner: Market
Loses $27 Billion Overnight as #SEC Delays #ETF Decision, Korean #Blockchain
Association Calls for Gov’t Embrace and Regulation and #Opera to Launch Browser
with Built-in #Crypto Wallet
August 8th #CryptoCorner and Podcast sponsored by Crypto
payment tech, #Flip @FlipToPay ($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 8 , 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/08081SEC-ETF-Korea-Opera-CryptoWallet.asp
Crypto
Corner August 8, 2018
Market Loses $27 Billion Overnight as SEC Delays ETF Decision, Korean
Blockchain Association Calls for Gov’t Embrace and Regulation and Opera to
Launch Browser with Built-in Crypto Wallet
The crypto market appears to be in freefall as it
has lost roughly $27 billion USD in the last 24 hours. At press time, Bitcoin
(BTC) is trading at around $6500 USD, some $500 USD less than a day ago. But
Bitcoin’s 8.5 percent drop seems modest compared to XRP and EOS’s 16 and 18
percent decline, respectively, for instance. Almost every one of the top 100
traded coins are in the red. Even Ethereum Classic (ETC), which saw decent
growth over the past few days has lost nearly 17 percent after this most recent
crash. All this data is from CoinMarketCap.
This drop is likely heavily influenced by news that
the U.S. Securities and Exchange Commission (SEC) has delayed its decision to approve the Bitcoin exchange-traded fund (ETF) of
VanEck and SolidX. The announcement indicated that the SEC would not approve or
disapprove the ETF until September 30. A recent crash in
the market was concurrent with the rejection of the Winklevoss brothers’
proposed ETF.
Korea JoongAng Daily reports that the recently formed Korea Blockchain Enterprise Promotion
Association has called on the government to embrace and regulate blockchain
technology. The Association’s president, Yoo Joon-sang, said at a press
briefing on Tuesday:
“Countries around the world are applying blockchain
technology to all aspects of society including health care, retail and
logistics. But instead of welcoming the people’s fervor for the technology, the
government is focused on controlling it to address negative short-term side
effects. This is essentially kicking away the economic opportunities that lie
in front of us.”
Software company Opera is launching a desktop
browser with “built-in crypto wallet functionality”, according to a report from
CCN. Having
previously launched a mobile crypto wallet in July, Opera allows users to
connect this to the new browser by scanning a QR code. Opera Crypto’s product
lead, Charles Hamel said:
“By adding a crypto wallet directly into the
browser, we removed the need for complex extensions or separate apps. Opening
up the PC browser to crypto marks Opera’s second step towards making
cryptocurrencies and Web 3.0 mainstream.”
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,
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.
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