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Tuesday, April 16, 2019

#CryptoCorner: BSV Hits Yearly Low as Platforms Delist, eToro Launches #Crypto Exchange and CoinMarketCap Releases Mobile App


#CryptoCorner: BSV Hits Yearly Low as Platforms Delist, eToro Launches #Crypto Exchange and CoinMarketCap Releases Mobile App



Point Roberts WA, Delta BC, April 16, 2019 - 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 .




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April 16 Crypto Corner

Bitcoin SV (BSV), which split in a hard-fork from Bitcoin Cash (BCH) in November 2018, is experiencing yearly lows as exchanges delist the coin. CCN reports that a recent spate of boycotts and delisting of the cryptocurrency are in response to the controversial behaviour of BSV founder Dr. Craig Wright. Wright has claimed to be Satoshi Nakamoto, the creator of Bitcoin (BTC), and has recently sent letters to his critics threatening defamation lawsuits. This has led platforms such as Binance and Shapeshift to delist Bitcoin SV. Data from CoinMarketCap indicates that, at press time, Bitcoin SV is down almost 18 percent in the past 24 hours with a market cap of $984 million. By contrast, Bitcoin Cash (BCH) has a market cap of about $5.47 billion.

Reuters reports that France will encourage its fellow European Union member states to adopt its regulatory framework for cryptocurrency. The new laws were only approved last week by the French parliament. At a blockchain technology event in Paris, the country’s finance minister Bruno Le Maire said:

“I will propose to my European partners that we set up a single regulatory framework on crypto-assets inspired by the French experience. Our model is the right one.”

Social trading and investment platform eToro has launched a crypto exchange with eight custom stablecoins, according to a report from CoinDesk. These eight eToro-branded tokens are each pegged to a fiat currency and include the eToro United States dollar (USDEX), eToro Japanese yen (JPYX) and eToro Euro (EURX), and others for pounds Sterling; Australian dollar, Canadian dollar, New Zealand dollar, and the Swiss franc. eToro CEO and co-founder, Yoni Assia, said:

“Just as eToro has opened up traditional markets for investors, we want to do the same in the tokenized world. […] Blockchain will eventually ‘eat’ traditional financial services through tokenization.”

Announced in a tweet earlier today, CoinMarketCap has released a mobile app. The app boasts such features as crypto rankings, portfolios and watchlists, price alerts and crypto news.

Sam Mowers, Investorideas

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