#CryptoCorner: Market Loses $17 Billion, #PBoC Opens Research Centre in Nanking, #EU Meets to Discuss #ICO Standard and Bahraini Minister Praises #Blockchain as ‘A True Mark of Progress’
#CryptoCorner:
Market
Loses $17 Billion, #PBoC Opens Research Centre in Nanking, #EU Meets to Discuss
#ICO Standard and Bahraini Minister Praises #Blockchain as ‘A True Mark of
Progress’
September 5th #CryptoCorner and Podcast sponsored by Crypto
payment tech, #Flip @FlipToPay ($NXTD) and Genesis Exchange and Wallet App
Point Roberts, WA, Delta BC September 5, 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:
Read this in full at https://www.investorideas.com/news/2018/crypto-corner/09051PBoC-EU-Blockchain.asp
Subscribe to Podcast RSS feed:
Market Loses $17 Billion, PBoC Opens Research Centre in Nanking, EU
Meets to Discuss ICO Standard and Bahraini Minister Praises Blockchain as ‘A
True Mark of Progress’
Since yesterday’s Crypto Corner, the market has
lost some $17 billion USD, with total market capitalization at $223 billion
USD, according to CoinMarketCap. Just about all of the top 100 altcoins listed are
in the red with Bitcoin (BTC) down about 5 percent. Though it lost its $7000
USD support for a bit, Bitcoin is trading at $7012 USD at press time. Other
major coins were hit harder, with Ethereum (ETH) and XRP (XRP) down 10 percent,
and Bitcoin Cash (BCH) and EOS (EOS) down 12 percent.
The People’s Bank of China (PBoC)’s Digital
Currency Lab has launched a research centre in the Eastern city of Nanking,
according to local outlet CNStock. This follows a similar expansion seen in the
southern city of Shenzhen, where big data, artificial intelligence and fintech
are being developed. Perhaps most notably, the Shenzhen project is expected to
be the first to test the central bank’s planned legal digital currency.
According to the piece, there is no timetable for the legal digital currency,
but the application for patents has been accelerated, with ones focused on
digital wallets being emphasized.
CoinDesk reports that EU lawmakers met yesterday to discuss
regulation of ICOs. Specifically, the All-Party Innovation Group within the
European Parliament convened to discuss a proposal from MEP Ashley Fox, which
put forward an €8 million EUR cap on token sale proceeds in addition to
anti-money laundering safeguards. If such a proposal were accepted, it would
create a standard in the EU, which would enable projects to raise funds and
conduct business in all 28 member states. The article quotes France Digitale’s
managing director Nicolas Brien from the meeting:
"Having the certainty, but also having that
legitimization, I actually welcome having a European-wide proposal because it
gives people the certainty to know. I think we need to be clear whether this is
a utility token or a transferable security, or how the regulator regime looks
at that, but I think this can be done because an ICO is another form of
crowdfunding. It's different, but it is a form of crowdfunding."
Speaking at the SmartSec Cyber Security and
Blockchain Conference yesterday in Bahrain, a Bahraini minister extolled
blockchain as a technology of the future and encouraged companies to pursue it,
according to local outlet The Daily Tribune. The Minister of Electricity and Water Affairs, Dr Abdulhussain Mirza
who is also part of the Supreme Committee for Information and Communication
Technology, said:
“Technologies such as blockchain take us a huge
step forward in finding a secure way to facilitate transactions. Blockchain’s
ability to protect user’s data is a true mark of progress, especially due to
the fact that it can be applied in different companies from different
industries including cyber security.”
“This is the kind of initiative that we would like
Bahraini companies to have so that innovation can arise amongst the great minds
of this community.”
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/
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
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.
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 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
Learn more about our news, PR and social media
services at Investorideas.com
Contact Investorideas.com
800-665-0411
Comments
Post a Comment