#CryptoCorner: Market Stagnant with #ETH at Lowest in Over a Year, Goldman Sachs CFO Clarifies #Crypto Trading Desk Position, #Robinhood to Go Public and Australian Watchdog Lists ICOs and Crypto as Focus Area in Corporate Plan
#CryptoCorner:
Market
Stagnant with #ETH at Lowest in Over a Year, Goldman Sachs CFO Clarifies #Crypto
Trading Desk Position, #Robinhood to Go Public and Australian Watchdog Lists
ICOs and Crypto as Focus Area in Corporate Plan
September 7th #CryptoCorner and Podcast sponsored by Crypto
payment tech, #Flip @FlipToPay ($NXTD) and Genesis Exchange and Wallet App
Point Roberts, WA, Delta BC September 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
podcast.
Listen to today’s Crypto Corner Podcast:
Read this in full at https://www.investorideas.com/news/2018/crypto-corner/09071ETH-GoldmanSachs-Robinhood-Australia.asp
Subscribe to Podcast RSS feed:
Market Stagnant with ETH at Lowest in Over a Year, Goldman Sachs CFO
Clarifies Crypto Trading Desk Position, Robinhood to Go Public and Australian
Watchdog Lists ICOs and Crypto as Focus Area in Corporate Plan
Heading into the weekend the market is looking
similar to yesterday. Despite minor fluctuation, data from CoinMarketCap indicates that the total market cap is again $204 billion USD at press
time, with Bitcoin (BTC) trading at $6467 USD. Ethereum (ETH), which is still
the second-largest crypto by market cap, is trading at $220 USD, which is its
lowest in more than a year. An analysis of the market drop on Cointelegraph argues that the commonly-blamed Goldman Sachs
decision to cancel plans of launching a crypto trading desk is irrelevant to
recent market behaviour.
Experts
generally agree that the correction of the cryptocurrency market on Sept. 6 was
caused by increasing sell pressure and a culmination of various developments,
rather than a single event like the Goldman Sachs Bitcoin trading desk
announcement having an immense impact on a global market.
Speaking of
the widely reported Goldman Sachs move, according to an article on CNBC, it is not actually true. Goldman Sachs CFO Martin Chavez, speaking at the TechCrunch Disrupt
Conference in San Francisco yesterday, clarified that recent reports were
false.
"I never
thought I would hear myself use this term but I really have to describe that
news as fake news."
Chavez then
went on to explain that Goldman Sachs’ digital assets venture had no timetable
and was multifaceted.
"When we
talked about exploring digital assets that it was going to be exploration that
would be evolving over time. Maybe someone who was thinking about our
activities here got very excited that we would be making markets as principal
and physical bitcoin, and as they got into it they realized part of the
evolution but its not here yet."
Also speaking
at the TechCrunch Disrupt Conference was Baiju Bhatt, CEO of stock trading and
crypto exchange company Robinhood. TechCrunch reports that
Bhatt revealed the company was looking to go public, and are currently
searching for a CFO. Robinhood is valued at $5.6 billion USD, tracks 5 million
customers and is currently undergoing audits from the SEC, FINRA and its own
security team in preparation for an IPO.
The Australian
Securities and Investment Commission (ASIC) released its corporate plan for 2018-2022 today, in which it revealed that monitoring
threats from ICOs and cryptocurrencies would be a chief focus area. Two points
of focus in the crypto space were listed as:
› Developing our approach for applying the principles for
regulating market infrastructure providers to crypto exchanges
› Monitoring emerging products, such as ICOs, and
intervening where there is poor behaviour and potential harm to consumers and
investors
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