Investorideas.com - Middle East's First Licensed Crypto Exchange 'Rain' is Live
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Wednesday, July 31, 2019
#CryptoCorner: Facebook: US Senator Admits Gov’t “Couldn’t Succeed” in Banning #Crypto, Sony ( $SNE) Subsidiary Co-Leads Funding for Bitwala and Rain Exchange Opens in Middle East
#CryptoCorner: Facebook: US Senator Admits Gov’t “Couldn’t Succeed” in Banning #Crypto, Sony ( $SNE) Subsidiary Co-Leads Funding for Bitwala and Rain Exchange Opens in Middle East
Point Roberts WA, Delta BC, July 31, 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/2019/073119-CryptoMarket.mp3
Read this in full at https://www.investorideas.com/news/2019/crypto-corner/07311USSenator-Sony-Rain-MiddleEast.asp
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July 31 Crypto Corner
Stocks discussed: (NYSE:SNE)
The U.S. Senate Banking Committee Chairman, Mike Crapo (R-ID), conceded that the government would likely be unable to successfully ban Bitcoin (BTC) even if it wanted to, according to coverage in Forbes. Crapo made the admission during the committee hearing titled: Examining Regulatory Frameworks for Digital Currencies and Blockchain.
“If the United States were to decide — and I’m not saying that it should — if the United States were to decide we don’t want cryptocurrency to happen in the United States and tried to ban it, I’m pretty confident we couldn’t succeed in doing that because this is a global innovation.”
The comment was directed at Jeremy Allaire, co-founder and CEO of payment tech firm Circle, who elaborated:
“I think the challenge that we all face with this is some of these cryptocurrencies — they’re literally just a piece of open-source software. There’s nothing else. It exists on the internet, it’s open-source software, anyone can implement it, it runs wherever the internet runs, and these have a monetary policy where these assets are algorithmically generated . . . That is a challenge that every government in the world now faces — that money, digital money, will move frictionlessly everywhere in the world at the speed of the internet.”
The UK’s financial watchdog has published its Guidance on Cryptoassets, detailing regulation of crypto in the country. In it, the Financial Conduct Authority defines cryptos like Bitcoin and Ether (ETH) as “exchange tokens” and outside the remit of regulation. This, however, does not completely exempt them from all regulation:
Any token that is not a security token, or an e-money token is unregulated. However, market participants should note certain activities that use tokens may nevertheless be regulated, for example, when used to facilitate regulated payments.
Cointelegraph reports that Germany-based crypto banking startup Bitwala has raised some $14.5 million USD in a funding round co-led by Sony Financial Ventures, a subsidiary of Sony Corporation (NYSE:SNE). Jan Goslicki, co-founder and Chief Compliance Officer at Bitwala said:
“We started Bitwala to do something that nobody thought was possible: to connect Bitcoin and the conventional financial system while fulfilling the requirements of the strict German banking regulation.”
CoinDesk reports that crypto exchange Rain has opened trading in the Middle East following the receipt of a Crypto-Asset Module (CRA) license from Bahrain’s central bank and a $2.5 million funding round co-led by BitMEX Ventures. BitMEX co-founder and CEO commented:
“As the first licensed cryptocurrency exchange in the Middle East, Rain has an unprecedented opportunity to tap into the incredible potential that cryptocurrency trading will bring to the region. We believe that Rain will bring greater diversification to Middle-Eastern traders with its exchange offering and experienced team, and we are thrilled to contribute to this defining moment.”
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
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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
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Tuesday, July 30, 2019
#CryptoCorner: Facebook (NASDAQ: $FB): “No Assurance” that Libra Will Launch, #Blockchain Debuts #Crypto Exchange The PIT, Pundi X and Samsung Integrate Each Other’s Blockchain Tech
#CryptoCorner: Facebook (NASDAQ: $FB): “No Assurance” that
Libra Will Launch, #Blockchain Debuts #Crypto Exchange The PIT, Pundi X and
Samsung Integrate Each Other’s Blockchain Tech
Point Roberts, WA, Delta BC July 30, 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/2019/073019-CryptoMarket.mp3
Read
this in full at https://www.investorideas.com/news/2019/crypto-corner/07301FB-PIT-PundiX-Samsung.asp
Subscribe
to Podcast RSS feed:
https://www.investorideas.com/rss/feeds/Podcasts-Crypto.xml
Stocks
discussed: (NasdaqGS:FB) (KSE:005930)
In a recently published quarterly report, Facebook (NasdaqGS:FB) has conceded that its
cryptocurrency project, Libra, may never actually see the light of day. The
report details the “significant scrutiny from governments and regulators”
incurred by the company following the announcement of Libra and frankly
discusses the challenges this presents to the realization of the project. An
excerpt reads:
“…market
acceptance of such currency is subject to significant uncertainty. As such,
there can be no assurance that Libra or our associated products and services
will be made available in a timely manner, or at all. We do not have
significant prior experience with digital currency or blockchain technology,
which may adversely affect our ability to successfully develop and market these
products and services. We will also incur increased costs in connection with our
participation in the Libra Association and the development and marketing of
associated products and services, and our investments may not be successful.
Any of these events could adversely affect our business, reputation, or
financial results.”
CNBC reports that crypto wallet platform
Blockchain has launched a high-speed cryptocurrency exchange called The PIT,
which aims to rival the top companies in the field. Blockchain CEO Peter Smith
said The PIT could execute buy or sell orders in “40 to 50 microseconds,” which
is an “order of magnitude faster than other market players” like Coinbase and
Binance. Nicole Sherrod, head of trading products at Blockchain, told CNBC:
“In
volatile markets in particular, speed is of utmost importance. I would not feel
comfortable delivering a platform to retail investors that puts them in a
position where they couldn’t get in and out of a trade with lightning-fast
speed.”
Blockchain solutions
provider Pundi X and Samsung (KSE:005930) have integrated tech from each other
relating to blockchain wallet applications, according to a blog post yesterday. Specifically, Pundi X has
integrated the Samsung Blockchain Wallet, and Samsung has adopted the Pundi X
XWallet app. An excerpt from the press release reads:
Samsung
Galaxy S10 users can now add the XWallet app to their Samsung Blockchain
Wallet. Users can move cryptocurrencies stored in the Samsung Blockchain Wallet
into the XWallet, which they can then use as a checking account for instant
crypto transaction with Pundi X’s global payment ecosystem. For XWallet users
who use Samsung Galaxy S10, they will also have more options by adding Samsung
Blockchain Wallet to their XWallet app. They will be able to choose to store
their digital assets securely in Samsung Blockchain Wallet, like a saving
account.
Filipino bank UnionBank
has launched its own digital currency, according to local outlet PhilStar Global. Called PHX, the currency
is a stablecoin built on the company’s i2i platform, which stands for
island-to-island, institution-to-institution, and individual-to-individual. i2i
is UnionBank’s clearing system that connects rural banks through blockchain
technology.
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
Monday, July 29, 2019
#CryptoCorner: Huawei CEO Says Chinese State Should Compete with Libra (NASDAQ: $FB), Iran Officially Authorizes #Crypto Mining, Ripple Writes Open Letter to US Congress Urging Fair Regulation
#CryptoCorner: Huawei CEO Says Chinese State Should Compete
with Libra (NASDAQ: $FB), Iran Officially Authorizes #Crypto Mining, Ripple
Writes Open Letter to US Congress Urging Fair Regulation
Point Roberts WA, Delta BC July 29, 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/2019/072919-CryptoMarket.mp3
Read
this in full at https://www.investorideas.com/news/2019/crypto-corner/07291Huawei-Libra-Iran-Ripple.asp
Subscribe
to Podcast RSS feed:
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Stocks
discussed: (NasdaqGS:FB)
In an interview with
Italian media outlet L’economia, Ren Zhengfei, the CEO of Chinese
telecommunications giant Huawei, said that the government of China should
compete with Facebook’s (NasdaqGS:FB) Libra. When asked about the
status of the U.S. dollar as a global currency and its relationship with Libra,
Ren asserted that the government of China should preempt Facebook:
"Even
China is able to issue such currencies, why wait for Libra? The strength of a
state is greater than that of an Internet company.”
The government of Iran has
officially authorized cryptocurrency mining, following a cabinet meeting on
Sunday, according to local outlet Mehr News Agency. Those interested in
mining must obtain a license from the Ministry of Industry, Mine and Trade, and
the authorities caution that miners “should accept its risks and the government
and banking system will not provide any guarantees for them”. The piece
indicates that this could be a first step toward legalization of
cryptocurrencies in the country, in part as a means to mitigate the effect of
U.S.-led sanctions.
CoinDesk reports that Aximetria, a “firm
offering a personal finance app for both fiat and cryptocurrencies”, has been
awarded a license from the Swiss Financial Services Standards Association
(VQF). This license signals to regulators that Aximetria is fully compliant
with anti-money laundering laws in Switzerland. Alexey Ermakov, founder and CEO
of Aximetria, explained the importance of this license:
“Compared
to the EMI (Electronic Money Institution license), which is the most popular
regulation standard for European and British companies, the Swiss license is
much more desirable for a fintech company. This is because it also extends to
crypto laws in Switzerland and gives us a wide range of future business
development, including loans, FX, e-money accounts and salary projects.”
Ripple has written an open letter to the U.S. Congress, in which the
company petitions for fair regulation in the wake of recent crypto hearings in
the government. An excerpt reads:
Companies
like ours in the United States, and others abroad, employ these innovations in
partnership with regulated financial institutions to enable the world to move
money across borders like it already moves information—efficiently, reliably,
inexpensively. In our view, digital currencies have the opportunity to complement
existing currencies like the U.S. dollar—not replace them.
Without
a doubt, blockchain and digital currencies will engender greater financial
inclusion and economic growth not unlike the internet’s historic impact. As it
did with the internet, the U.S. has the chance to lead the way, nurturing this
economic opportunity while continuing to protect privacy and stability.
We
urge you to support regulation that does not disadvantage U.S. companies using
these technologies to innovate responsibly, and classifies digital currencies
in a way that recognizes their fundamental differences—not painting them with a
broad brush.
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
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