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Investorideas.com - #CryptoCorner: Market Sees Steady Climb, China's Central Bank to Crack Down on Crypto Airdrops, SEC to Release "Plain English" ICO Guidelines and Ripple to Open Office in Dubai
#CryptoCorner: Market Sees Steady Climb, China's Central Bank to Crack Down on Crypto Airdrops, SEC to Release "Plain English" ICO Guidelines and Ripple to Open Office in Dubai
November 5th #CryptoCorner and Podcast sponsored by Crypto payment tech, #Flip @FlipToPay ($NXTD) and Genesis Exchange and Wallet App
Point Roberts, WA and Delta, BC - November 5, 2018 (Investorideas.com Newswire) Investorideas.com, a leader in crypto and blockchain investing news, in partnership with Fit Pay, Inc.'s (subsidiary of NXT-ID (NASDAQ: NXTD) crypto payment tech, Flip and the Genesis Exchange and Wallet App bring you today's edition of the Crypto Corner podcast and commentary on what's driving the cryptocurrency market.
#CryptoCorner: #China's Central Bank to Crack Down on #Crypto Airdrops, SEC to Release "Plain English" #ICO Guidelines and #Ripple to Open Office in Dubai
Market Sees Steady Climb, China's Central Bank to Crack Down on Crypto Airdrops, SEC to Release "Plain English" ICO Guidelines and Ripple to Open Office in Dubai
Over the weekend the crypto market has seen some steady growth after having been more or less stagnant since the middle of October. Bitcoin (BTC) has climbed about $100 USD since Friday to a trading price of $6430 USD at press time, according to data from CoinMarketCap. Ether (ETH) and XRP have exhibited healthy growth in the last 24 hours - 3.5 and 6.2 percent, respectively. And Bitcoin Cash (BCH), though slightly in the red for the past day in terms of trading price, has seen its trading volume explode from $230 million USD on Friday to $1.13 billion USD at press time.
Cointelegraph reports that the People's Bank of China (PBoC) is looking to crack down on airdrops of cryptocurrency, which it characterizes as "disguised" ICOs. As part of their financial stability report for 2018, the central bank urges regulators to detect giveaways such as airdrops to protect investors.
The U.S. Securities and Exchanges Commission (SEC) will release clear guidelines on ICOs, according to a report from CoinDesk. SEC director William Hinman, while speaking at D.C. Fintech Week conference, said the body will put out "plain English" guidelines to help developers navigate regulation.
"We also will be putting out more guidance, the idea is a plain English instrument that people can look at and they'll bring together sort of my Howey-meets-Gary speech, and that analysis ... We'll elaborate on that in a very plain English way, so 'do I think I have a security offering,' look at that guidance and you should be able to sort things out."
ArabianBusiness.com reports that Ripple plans to open an office in Dubai. The company's global head of infrastructure innovation, Dilip Rao, announced the plan at the Global Islamic Economic Summit in Dubai.
"Our focus initially is on cross-border payments because we think that's where there is the most friction. In this part of the world, there is a huge requirement for cross-border transactions. This will support the economy both within the region and the rest of the world."
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/
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 http://www.mygenesis.io
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
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