#CryptoCorner: #Bitcoin’s Market Dominance Rises as #Altcoins Fall, #OKEx Founder Star Xu Not Arrested and No Longer with Police, Bank of #Russia Succeeds in #ICO Experiment and #Blockchain Lobbying Group Formed in D.C.

#CryptoCorner: #Bitcoin’s Market Dominance Rises as #Altcoins Fall, #OKEx Founder Star Xu Not Arrested and No Longer with Police, Bank of #Russia Succeeds in #ICO Experiment and #Blockchain Lobbying Group Formed in D.C.

September 12th #CryptoCorner and Podcast sponsored by Crypto payment tech, #Flip @FlipToPay ($NXTD) and Genesis Exchange and Wallet  App

Point Roberts, WA, Delta BC September 12, 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:

September 12 Crypto Corner

Bitcoin’s Market Dominance Rises as Altcoins Fall, OKEx Founder Star Xu Not Arrested and No Longer with Police, Bank of Russia Succeeds in ICO Experiment and Blockchain Lobbying Group Formed in D.C.

Data from CoinMarketCap tells us that the total market capitalization has continued the slow decline we’ve been seeing over the past few days following the sudden drop a week ago. At press time the market cap is $188 billion USD, down $3 billion USD since yesterday’s Crypto Corner. Bitcoin (BTC), however, is actually up a bit, trading at about $6300 USD with a market dominance of almost 58 percent. Major altcoin Ethereum continues to sag further, trading at $173 USD at press time – its lowest in over a year. For perspective, it was trading as high as $1372 USD during its January 2018 peak.

OKEx founder Star Xu, who was reportedly detained by police in Shanghai yesterday as part of a fraud investigation, is now free after 24 hours, according to CoinDesk. Apparently, Xu was not arrested after all. Chinese business media outlet Caixin reported that Xu was confronted by a group of investors at his hotel in Shanghai who had disputes regarding OKEx holdings, before police became involved to resolve the issue. OKEx responded to an inquiry from CoinDesk saying:

"As far as OKEx is aware, it was Xu who called the police for help when he was surrounded and intimidated by a gang during his visit in Shanghai. The Shanghai police officers arrived the scene and invited all the related parties back to the police station. ... Xu was then invited for questioning while the gang was detained. Then Xu left the police station."

The Bank of Russia successfully conducted an ICO experiment, according to news outlet TASS. The experiment was carried out by state-owned Sberbank and the National Settlement Depository (NSD) using a Bank of Russia framework. Deputy Director of Financial Market Development Ivan Semagin said the experiment was successful on a technical level but there was still legal ambiguities to resolve.

The Washington Post reports that a lobbying group known as the Blockchain Association has been assembled to campaign for crypto and blockchain interests in D.C. The group comprises exchange giants Coinbase and Circle, tech start-up Protocol Labs, and investors, such as Digital Currency Group and Polychain Capital. Coinbase’s chief legal and risk officer, Mike Lempres, explained the main aims of the group:

"The Blockchain Association is an effort to get the preeminent companies in the space together so [policymakers] know they're hearing from companies that welcome regulation when it’s appropriate. We’re not companies looking to game the system, but trying to develop a legal and regulatory system that’ll stand the test of time."

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/

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.
Download the Genesis Exchange and Wallet App at Google Play

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 https://www.investorideas.com/
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:

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: https://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  GBT Technologies  . More info: https://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: https://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