#CryptoCorner: Market Mostly Recovers from Wednesday Tumble, Coinsquare to Introduce Canadian Dollar Stablecoin



#CryptoCorner: Market Mostly Recovers from Wednesday Tumble, Coinsquare to Introduce Canadian Dollar Stablecoin



Point Roberts, WA, Delta BC April 5, 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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As we enter the weekend, the crypto market has rebounded somewhat after slipping from its Wednesday peak of $185 billion. Despite sinking to about $169 billion later on Wednesday, the market has climbed back to a total market capitalization of $175 billion at press time, according to CoinMarketCap. Even with the Wednesday tumble, total market capitalization is still sitting a full $32 billion higher than a week ago. Bitcoin (BTC) is currently trading for $5015, Ether (ETH) for $164, XRP for $0.36, Litecoin (LTC) for $88 and Bitcoin Cash (BCH) rounds out the top five coins by market cap with a trading price of $294.

Canadian crypto exchange Coinsquare has announced that it will launch the first stablecoin pegged to the Canadian dollar, called eCAD. Users will be able to purchase eCAD for the same price as a Canadian dollar, and one dollar will be held in reserve for every eCAD created. Cole Diamond, CEO of Coinsquare, said:

“We are thrilled to announce the first step of our plan to bring stability and opportunity to the Canadian cryptocurrency market. The launch of eCAD™ will create the first transparent, affordable, and secure way of transferring value in Canada and beyond, without the risk of instability in the traditional cryptocurrency market.”

Crypto exchange giant Coinbase has been ranked #35 of LinkedIn’s list Top Companies 2019: Where the U.S. wants to work now. Under the “What may surprise you” heading, the publication points out that “Employees can choose to be paid partially or entirely in bitcoin” and that “roughly 40% of staff have some portion of their paycheck allocated to cryptocurrency”.

Local Montana news outlet Missoulian reports that the Missoula County Board of Commissioners voted to impose new regulations on cryptocurrency companies in the county. Among the requirements brought on by the regulations is for companies to purchase or build new sources of renewable energy to offset 100 percent of their energy demands. Commissioner Dave Strohmaier said:

“There are buyers for the power, so it’s not as though this is renewable energy that is otherwise being wasted. Near as I can tell cryptocurrency is using exponentially more energy; it’s a grotesque amount of energy and we’ve got to take steps to address it.”



Sam Mowers, Investorideas

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