#CryptoCorner: Market Green Again, Facebook’s (NasdaqGS: $FB) #Crypto Whitepaper to Drop on June 18, Australian Taxation Office Cracking Down on Crypto and Football Club SL Benfica Allowing Crypto Transactions
#CryptoCorner: Market Green Again, Facebook’s (NasdaqGS: $FB) #Crypto
Whitepaper to Drop on June 18, Australian Taxation Office Cracking Down on
Crypto and Football Club SL Benfica Allowing Crypto Transactions
Point Roberts WA, Delta BC, June 7, 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 .
Listen
to today’s Crypto Corner Podcast: https://www.investorideas.com/Audio/Podcasts/2019/060719-CryptoMarket.mp3
Read
this in full at https://www.investorideas.com/news/2019/crypto-corner/06071FB-Australia-Football.asp
Subscribe to
Podcast RSS feed:
https://www.investorideas.com/rss/feeds/Podcasts-Crypto.xml
Stocks discussed: (NasdaqGS:FB)
The market is looking a bit
greener heading into the weekend with total market capitalization clocking in
at around $255 billion USD at press time, according to data from CoinMarketCap.
Bitcoin (BTC) is trading for just below $8000 after
reclaiming the support level a few times in the last several hours. With a
market cap of $142 billion, Bitcoin dominates the crypto market with a share of
55.5 percent. Trailing, as usual, are Ether (ETH) and XRP, with market caps of $26 billion and $17
billion, respectively. Notably, Litecoin (LTC) has grown an impressive 12.3 percent in
the last 24 hours, making it the third biggest altcoin at press time.
TechCrunch reports that Facebook’s (NasdaqGS:FB) planned cryptocurrency, which is
variously referred to by the codenames Libra and GlobalCoin, will see a
whitepaper launch on June 18. The TechCrunch article further describes the
token:
“The
cryptocurrency will be a stablecoin — a token designed to have a stable price
to prevent discrepancies and complications due to price fluctuations during a
payment or negotiation process. Facebook has spoken with financial institutions
regarding contributing capital to form a $1 billion basket of multiple
international fiat currencies and low-risk securities that will serve as
collateral to stabilize the price of the coin, The Information reports.
Facebook is working with various countries to pre-approve the rollout of the
stablecoin.”
The Sydney Morning Herald reports that the
Australian Taxation Office (ATO) is cracking down on cryptocurrency-related tax
avoidance schemes. This is part of a greater effort involving tax authorities
from Australia, the United States, Britain, the Netherlands and Canada – called
the J5 – to combat tax avoidance, cybercrime and cryptocurrency abuse. ATO
deputy commissioner Will Day said:
"We're
seeing the use of cryptocurrencies in ways that we haven't seen before. At the
Australian level, there is definitely legitimate use for investment in
cryptocurrencies, but we're also seeing the use of them to facilitate tax crimes."
Portuguese football
(soccer) team S.L. Benfica has partnered with crypto payments company Utrust to
allow purchases in Bitcoin or Ethereum on the team’s online store, according to
a report from Verdict. SL Benfica CEO
Domingos Soares de Oliveira, commented:
“This is an exciting day in the history of S.L. Benfica
as we announce our decision to accept cryptocurrency payments. We recognise
that many of our supporters are now digital users first, so we want to be ahead
of the curve when it comes to adopting novel technologies and giving our
supporters the best online experience.”
Sam
Mowers, Investorideas
Read other editions of the Crypto Corner
Crypto Corner Sponsors:
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)
@GenesisBlockch , @GbtTechnologies
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
More info on the
sector:
Investor Ideas is positioning as a leader in blockchain and crypto content with
its Bitcoin and Blockchain portals Bitcoinandblockchainstocks.com, Cryptocurrencyinvestorideas.com and Blockchaininvestorideas.com
For
investors following the sector Investor Ideas has a comprehensive Bitcoin, Blockchain
and Digital Currency Stocks Directory
About Investorideas.com - News that Inspires Big
Investing Ideas Investorideas.com
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 Investorideas.com 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 . Investorideas.com
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,
Cleantech and Climate Change Podcast and
the AI
Eye Podcast
and column covering developments in AI.
The
Investorideas.com podcasts are also available on iTunes, Spotify, Tunein, Stitcher, Spreaker.com,
iHeartRadio and Google Play Music.
Visit the Podcast
page at Investorideas.com:
Disclaimer/Disclosure: Investorideas.com
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 investing involves risk and possible losses. This site is currently
compensated for news publication and distribution, social media and marketing,
content creation and more. 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. Disclosure: this
newsletter and podcast is sponsored content by featured companies NXt-ID
(NASDAQ: NXTD) on behalf of Flip and GBT Technologies . More info: http://www.investorideas.com/About/News/Clientspecifics.asp
Contact management and IR of each company directly
regarding specific questions.
More disclaimer info: https://www.investorideas.com/About/Disclaimer.asp Learn
more about publishing your news release and our other news services on the
Investorideas.com newswire https://www.investorideas.com/News-Upload/
and tickertagstocknews.com
Global investors must adhere to regulations of each
country. Please read Investorideas.com privacy policy: https://www.investorideas.com/About/Private_Policy.asp
Cryptocurrency
Disclaimer
Investorideas.com news
content is not meant to be a solicitation to buy or sell cryptocurrencies and
Investorideas.com 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 Investorideas.com content brand
Learn more about our news, PR and social
media services at Investorideas.com
Contact
Investorideas.com
800-665-0411
Comments
Post a Comment