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Investorideas.com - #CryptoCorner: #Binance to Begin Beta Testing on Singapore #Fiat Exchange, #Coinbase to Expand NYC Office @coinbase, Zimbabwe's New Finance Minister Advocates for Crypto Openness and Dubai Security Chief Predicts Digital Currency Will 'Soon Replace Cash'
#CryptoCorner: #Binance to Begin Beta Testing on Singapore #Fiat Exchange, #Coinbase to Expand NYC Office @coinbase, Zimbabwe's New Finance Minister Advocates for Crypto Openness and Dubai Security Chief Predicts Digital Currency Will 'Soon Replace Cash'
September 17th #CryptoCorner and Podcast sponsored by Crypto payment tech, #Flip @FlipToPay ($NXTD) and Genesis Exchange and Wallet App
Point Roberts, WA and Delta, BC - September 17, 2018 (Investorideas.com Newswire) 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.
#CryptoCorner: #Binance to Begin Beta Testing on Singapore #Fiat Exchange, #Coinbase to Expand NYC Office @coinbase, Zimbabwe's New Finance Minister Advocates for Crypto Openness and Dubai Security Chief Predicts Digital Currency Will 'Soon Replace Cash'
Market Cap Steady Around $200 Billion USD, Binance to Begin Beta Testing on Singapore Fiat Exchange, Coinbase to Expand NYC Office, Zimbabwe's New Finance Minister Advocates for Crypto Openness and Dubai Security Chief Predicts Digital Currency Will 'Soon Replace Cash'
As the week begins the total market capitalization has not moved so much since Friday, clocking in at $195 billion USD at press time, according to CoinMarketCap. Bitcoin (BTC) is down a bit from Friday, currently trading at $6334 USD, but still dominating the market at 56 percent. Ether (ETH) has kept its price level from its comeback late last week, and is trading at $209 USD. Most of the top 100 coins by market cap are in the red so far.
Zhao Changpeng, CEO of crypto exchange giant Binance, tweeted on Saturday that the company was going to begin live money closed beta testing at a new fiat exchange in Singapore on September 18. The testing will be invite-only, and was announced by Zhao at a blockchain event in Singapore organized by crypto-assets firm Cumberland.
Despite the decline in crypto prices seen so far this year, Coinbase plans to expand its New York City office from 20 to 150 people, according to a report on CoinDesk. Adam White, general manager of Coinbase Institutional, explained that following the considerable market downtrend seen after January, there was sustained interest in the crypto space.
"When we saw the market begin to correct, which we all expected, institutions didn't lose interest. It was exactly the opposite. They look at it as an opportunity to enter when things are not too frothy."
Mthuli Ncube, Zimbabwe's new finance minister, encourages his country to pursue cryptocurrency, according to a report from IT Web Africa. Advocating a crypto-focused unit in the central bank, Ncube held Switzerland up as a model of a forward-thinking country.
"One can pay for travel using bitcoin in Switzerland. So, if these countries can see value in this and where it's headed, we should also pay attention. We have innovative youngsters so the idea shouldn't be to stop it and say don't do this, but rather the regulators should invest in catching up with them and find ways to understand it, then you regulate it because you now understand it."
The Khaleej Times reports that deputy chairman of the Dubai Police and head of general security in Dubai, Lt-Gen Dhahi Khalfan Tamim predicts that digital currencies will soon replace cash at a panel discussion on regulation and security of cryptocurrencies. Experts on the panel advocated for a legal framework to monitor crypto, and even recommended issuing a digital UAE cryptocurrency using Blockchain technology.
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