#CryptoCorner: BTC Breaks $13K Again, Facebook ( $FB) Has No Plans to Launch Libra in India, Binance Launches Fiat-Enabled Singapore Branch and Visa ( $V) Invests Millions in #Crypto Startup Anchorage


#CryptoCorner: BTC Breaks $13K Again, Facebook ( $FB) Has No Plans to Launch Libra in India, Binance Launches Fiat-Enabled Singapore Branch and Visa ( $V) Invests Millions in #Crypto Startup Anchorage



Point Roberts, WA, Delta BC July 10, 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 .




Subscribe to Podcast RSS feed:
https://www.investorideas.com/rss/feeds/Podcasts-Crypto.xml


Stocks discussed: (NasdaqGS:FB) (NYSE:V)

This morning we find most of the top 100 coins listed by market cap in the red, but Bitcoin (BTC) has defiantly posted 24-hour growth of nearly six percent, according to data from CoinMarketCap. Consequently the flagship cryptocurrency, which currently accounts for over 65 percent of the total market value, is trading for about $13,100. This brings Bitcoin close to the recent peak it reached on June 26, when it briefly traded for as high as about $13,770. A report from CCN by crypto analyst Joseph Young outlines the role of the increased hash rate on the BTC blockchain as contributing to the recent gains:

Along with the consistent inflow of institutional capital through custodian solutions, investment vehicles, and futures markets, the hash rate of the Bitcoin blockchain network has recorded its fastest rate of growth in history.

An increase in the hash rate of the Bitcoin blockchain suggests growth in the amount of computing power securing the network, which historically has indicated an overall increase in confidence from the mining ecosystem.

Facebook (NasdaqGS:FB) has no plans to launch its Libra cryptocurrency or Calibra digital wallet platform in India due to that country’s government’s unfavourable stance on crypto. Facebook representative Alexandra Voica told Indian publication the Economic Times via telephone:

“There are no plans to offer Calibra in India. As you may know, there are local restrictions within India that made a launch of Calibra not possible at this time.”

CoinDesk reports that crypto exchange giant Binance has launched a fiat-enabled trading branch in Singapore, following a soft launch in the country back in April. This branch, which saw 20 percent average user growth per week since debuting in April, will now offer trading in local currency Singapore Dollars. New deposits and withdrawals will be implemented through the transfer system Singapore FAST (Fast and Secure Transfers).

Fortune reports that Visa (NYSE:V) has invested millions of dollars in crypto startup Anchorage by co-leading the latter’s $40 million funding round. Both companies are founding members of Facebook’s Libra. Anchorage offers “biometric-based software alongside a system of multiple approvals and human reviews” as an alternative to the more common cold storage solution to secure investors' cryptocurrency.


Sam Mowers, Investorideas

Read other editions of the  Crypto Corner

Get the Crypto Corner News by email Get Crypto Corner News


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

Follow us on Twitter https://twitter.com/Investorideas

Contact Investorideas.com
800-665-0411




Get more Bitcoin and Blockchain Investor ideas  – news, articles, podcasts and stock directories 

Comments