#CryptoCorner: Trump Tweets about Bitcoin and Libra, Bank of England Governor Addresses Libra, Litecoin Named Official #Crypto of Miami Dolphins
#CryptoCorner: Trump Tweets about Bitcoin and Libra, Bank of
England Governor Addresses Libra, Litecoin Named Official #Crypto of Miami
Dolphins
Point Roberts, WA, Delta BC July 12, 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/2019/071219-CryptoMarket.mp3
Read
this in full at https://www.investorideas.com/news/2019/crypto-corner/07121Trump-Bitcoin-Libra-England-Litecoin.asp
Subscribe
to Podcast RSS feed:
https://www.investorideas.com/rss/feeds/Podcasts-Crypto.xml
July
12
Crypto Corner
Stocks discussed: (NasdaqGS:FB)
Bitcoin (BTC) got some visibility recently with after
U.S. president Donald Trump opined on the cryptocurrency in a series of tweets. Trump trashed Bitcoin as being “based
on thin air’ and took a swing at Facebook’s (NasdaqGS:FB) Libra as well. The thread ended
with Trump praising the U.S. dollar in contrast.
I
am not a fan of Bitcoin and other Cryptocurrencies, which are not money, and
whose value is highly volatile and based on thin air. Unregulated Crypto Assets
can facilitate unlawful behavior, including drug trade and other illegal
activity....
....Similarly,
Facebook Libra’s “virtual currency” will have little standing or dependability.
If Facebook and other companies want to become a bank, they must seek a new
Banking Charter and become subject to all Banking Regulations, just like other
Banks, both National…
...and
International. We have only one real currency in the USA, and it is stronger
than ever, both dependable and reliable. It is by far the most dominant currency
anywhere in the World, and it will always stay that way. It is called the
United States Dollar!
It doesn’t appear that
these tweets have affected the trading price of Bitcoin, which remains roughly
the same as it was 24 hours ago.
Speaking of Libra, Bank of
England governor Mark Carney commented on the project during a speech at the
Financial Stability Report press conference, according to Cointelegraph. According to Carney, Libra will
have to essentially run seamlessly upon launch to work.
“It’s
either successful or it isn’t. If it’s successful, it becomes systemic, because
it would involve a very large number of users. And if you’re a systemic payment
system, it’s 5-sigma. You have to be on all the time. You can’t have teething
issues. You can’t have people losing money out of their wallets … The standards
are in a different zip code — to use the American term.”
In an announcement today from The Litecoin
Foundation, Litecoin (LTC) has been named the “Official
Cryptocurrency of the Miami Dolphins”. This will allow home game attendees to
buy tickets for the team’s 50/50 raffle with Litecoin or Bitcoin. Charlie Lee,
creator of Litecoin and managing director of the Litecoin Foundation,
commented:
“We’re
thrilled to see Litecoin become the official cryptocurrency of the Miami
Dolphins. This collaboration propels Litecoin in front of an audience of
millions of people around the world at a time where adoption of
cryptocurrencies continues to gain momentum and the ecosystem is able to
support real world use cases in ways previously not possible. We see this as a
powerful way to raise awareness and educate people about Litecoin and
cryptocurrencies on a tremendous scale.”
The Islamic Republic of
Iran intends to authorize crypto mining in the country, according to local
outlet PressTV. Central Bank of Iran (CBI) governor Abdol
Nasser Hemmati said the government had already made moves to allow mining as
the activity has grown more popular with the relatively low electricity prices
in the country. Hemmati said:
“Mining
of the international digital currencies should be done based on the price of
electricity for export. What’s more important is that these mined currencies
should be fed back to the national economic cycle.”
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
Follow us on Twitter https://twitter.com/Investorideas
Follow us on Facebook https://www.facebook.com/Investorideas
Follow us on YouTube https://www.youtube.com/c/Investorideas
Contact
Investorideas.com
800-665-0411
Comments
Post a Comment