- #CryptoCorner: #Coinbase Adds $300 Million in Recent Funding Round, UK #Crypto Taskforce Publishes Final Report on Regulation - #CryptoCorner: #Coinbase Adds $300 Million in Recent Funding Round, UK #Crypto Taskforce Publishes Final Report on Regulation

#CryptoCorner: #Coinbase Adds $300 Million in Recent Funding Round, UK #Crypto Taskforce Publishes Final Report on Regulation

October 30th #CryptoCorner and Podcast sponsored by Crypto payment tech, #Flip @FlipToPay ( $NXTD) and Genesis Exchange and Wallet App

Point Roberts, WA and Delta, BC - October 30, 2018 ( Newswire), 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:

#CryptoCorner: #Coinbase Adds $300 Million in Recent Funding Round, UK #Crypto Taskforce Publishes Final Report on Regulation and Expert Warns of Alarmism in Media with Regard to Bitcoin Mining Energy Consumption

Subscribe to Podcast RSS feed:

Market Takes a Slight Dip, Coinbase Adds $300 Million in Recent Funding Round, UK Crypto Taskforce Publishes Final Report on Regulation and Expert Warns of Alarmism in Media with Regard to Bitcoin Mining Energy Consumption

The crypto market took a small tumble yesterday as total market capitalization slipped from $209 billion early Monday morning, to $203 billion USD at press time, according to CoinMarketCap. This is the most volatility seen in the recently placid market in about two weeks when total market cap briefly surged to $220 billion USD only to stabilize around $210 billion USD. If the dust has settled then we're only seeing minor adjustments in the price of major coins, many of which are barely in the red. At press time, Bitcoin (BTC) is trading for $6337 USD, Ether (ETH) for $197 USD, XRP at $0.44 USD and Bitcoin Cash (BCH) at $418 USD.
Crypto exchange giant Coinbase has raised $300 million USD in a recent funding round, bringing their total valuation to $8 billion USD. In a blog post by company President and COO Asiff Hirji, it was announced that the Series E funding round was led by "Tiger Global Management, with participation from Y Combinator Continuity, Wellington Management, Andreessen Horowitz, Polychain and others." Asiff writes that the company will utilize the recent financing to expand Coinbase globally, offer many new cryptocurrencies on their platform, accelerate utility applications for crypto and bring more institutions into the space.
Coinbase is, and will remain, a crypto-first company. More than anything, we're proud of the millions of people that have turned to Coinbase as their entry-point into crypto. We take that responsibility very seriously. We strive to be the easy, trusted way for anyone to get started with cryptocurrencies. We see Coinbase's growth as validation that the ecosystem will only continue to grow in size, influence and impact - ultimately ushering in a more open financial system for the world.
The UK government's "Crypto Taskforce" released a final report yesterday, which outlines the group's positions with regard to regulation of cryptocurrency and distributed ledger technology (DLT). The Crypto Taskforce, which is made up of representatives from the Financial Conduct Authority, the Bank of England and HM Treasury, concludes with a cautious optimism about the space, encouraging growth with security a top priority.
There are substantial potential risks associated with cryptoassets, and the most immediate priorities for the authorities are to mitigate the risks to consumers and market integrity, and prevent the use of cryptoassets for illicit activity. The authorities will also guard against threats to financial stability that could emerge in the future, and encourage responsible development of legitimate DLT and cryptoasset-related activity in the UK.
Dr. Jonathan Koomey, an expert on the economics of greenhouse gas emissions and the relationship between information technology and resource use, has responded in a recent post on his blog to a Newsweek article titled: "BITCOIN MINING ON TRACK TO CONSUME ALL OF THE WORLD'S ENERGY BY 2020". Koomey cautions against alarmism in the media while also encouraging skepticism of the energy impact of blockchain technology.
"While I encourage everyone in the electricity sector to track Bitcoin as a potential source of new load growth, please use caution and avoid being misled by the hype. Breathless media coverage papers over the uncertainties in the underlying data, and makes it seem like Bitcoin is taking over the world, but in fact it's likely only 0.1% of global electricity consumption, and it is unlikely to continue growing at recent historical rates."
Sam Mowers, Investorideas
Read other editions of the Crypto Corner
Get the Crypto Corner News by email Get Crypto Corner News
Crypto Corner Sponsors: - NXT-ID Inc. (NASDAQ: NXTD) Subsidiary Fit Pay Flip<sup>TM</sup>
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. - GBT Genesis Blockchain Technologies
Genesis Exchange and Wallet App by Genesis Blockchain Technologies (GBT)
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.You can Download the Genesis Exchange and Wallet App at Google Play and on the Apple App Store. Learn more at

More info on the sector:
Investor Ideas is positioning as a leader in blockchain and crypto content with its Bitcoin and Blockchain portals and
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
About - News that Inspires Big Investing Ideas 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 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 . 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 and the Cleantech and Climate Change Podcast .
The podcasts are also available on iTunes, Spotify, Tunein, Stitcher,, iHeartRadio and Google Play Music.
Visit the Podcast page at
Disclaimer/Disclosure: 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: Disclosure: this newsletter and podcast is sponsored content by featured companies NXt-ID (NASDAQ: NXTD) on behalf of Flip and GBT Technologies . More info: Learn more about Investor ideas podcast and news publication services and costs
Cryptocurrency Disclaimer news content is not meant to be a solicitation to buy or sell cryptocurrencies and 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 content brand
Please read privacy policy:
Learn more about our news, PR and social media services at
Follow us on Twitter