#CryptoCorner: Market Stagnates, #Ethereum Classic Supported by #Robinhood Crypto, #Coinbase Resumes Business in Wyoming, #Bitmain Announces Data Centre in Texas That Will Create 400 Jobs and Study Finds That Blockchain Adoption Will Save Banks $27 Billion Annually by 2030
#CryptoCorner: Market Stagnates, #Ethereum Classic
Supported by #Robinhood Crypto, #Coinbase Resumes Business in Wyoming, #Bitmain
Announces Data Centre in Texas That Will Create 400 Jobs and Study Finds That
Blockchain Adoption Will Save Banks $27 Billion Annually by 2030
August 7th #CryptoCorner and Podcast sponsored by Crypto
payment tech, #Flip @FlipToPay ($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 7, 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
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Read this in full at http://www.investorideas.com/news/2018/crypto-corner/08071Ethereum-Coinbase-Bitmain.asp
Crypto Corner August 7, 2018
Market Stagnates, Ethereum Classic Supported by Robinhood Crypto,
Coinbase Resumes Business in Wyoming, Bitmain Announces Data Centre in Texas
That Will Create 400 Jobs and Study Finds That Blockchain Adoption Will Save
Banks $27 Billion Annually by 2030
The crypto market has neither recovered
significantly nor seen a further decline since yesterday. According to data
from CoinMarketCap, the total market cap remains at about $255 billion USD with flagship
cryptocurrency Bitcoin (BTC) hovering around $7060 USD.
One altcoin that has seen some movement, however,
is Ethereum Classic (ETC), which has grown a further 9 percent in the last day
and is trading at $18.86 USD at press time. Following from yesterday’s report that crypto exchange Coinbase was finishing the final round of testing
of Ethereum Classic, crypto-trading app Robinhood also announced support for the coin on Monday. Robinhood Crypto is available in 19
states, but has plans to expand. The platform also offers investment in Bitcoin
(BTC), Ethereum (ETH), Bitcoin Cash (BCH), Litecoin (LTC) and Dogecoin (DOGE).
Going back to Coinbase, the company recently
announced in a blog post that it was resuming service in Wyoming, after renewing its money
transmitter license which had been suspended in 2014. Mike Lempres, Coinbase’s
Chief Legal and Compliance Officer wrote that the company was excited to be
available in Wyoming again and that it would work with lawmakers to become the
state’s most reliable crypto brand.
“We are
encouraged by this positive transition for Wyoming residents and businesses to
once again enjoy the enhanced innovation, economic activity and social benefits
of this new technology. We aim to be the most trusted cryptocurrency brand in
the space, and as part of that, we seek excellence in compliance and advocate
for common-sense policies that allow for innovation. We will continue
collaborating with legislators and regulators across the U.S. and worldwide as we work to
create open financial system for the world.”
A press release yesterday
indicates that bitcoin mining giant Bitmain Technologies Ltd., has chosen
Rockdale, Texas as the location of its new blockchain data centre. This move
means an investment by the company of over $500 million USD into the local,
county and statewide economies over seven years. Bitmain anticipates that the
centre will bring 400 local jobs over the first two years of operation. Bitmain
North America’s executive vice president and director of operations, Jeff
Stearns, commented on the announcement:
“Bitmain is truly honored to
announce this news and is excited to work with local partners, government and
stakeholders in realizing this vision, throughout the initial set-up phase,
operations and beyond.”
A new study by Juniper Research has found that adoption of blockchain
technology could save banks $27 billion USD annually by 2030. However, the
research warns that benefits like these would happen gradually, due to the need
to parallel-run blockchain-based services with legacy systems.
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
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The powerful GBTDesk aggregator ensuring exchange of
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