#CryptoCorner: BTC Loses $11K Support as Trade War Cools, Samsung adds BTC Support, Barclays Ends Relationship with Coinbase and #Crypto Payments Startup Flexa Partners with CoinSquare to Come to Canada
#CryptoCorner: BTC Loses $11K Support as Trade War Cools,
Samsung adds BTC Support, Barclays Ends Relationship with Coinbase and #Crypto
Payments Startup Flexa Partners with CoinSquare to Come to Canada
Point Roberts, WA, Delta BC, August 14, 2019 - Investorideas.com, a leader in crypto and
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August
14 Crypto Corner
Stocks discussed: (KSE:005930) (NYSE:BCS)
Bitcoin (BTC) took a bit of a
tumble yesterday, dropping from a trading price of around $11,000 USD about
this time yesterday, down roughly five percent to a present trading price of
$10,500 USD, according to CoinMarketCap. If we zoom out,
we see that this is part of an unsteady decline over the past week, which
Bitcoin started with a trading price closer to $12,000. Some, like Euro Pacific
Capital CEO Peter Schiff, argue that this drop in price is a result of the U.S.
- China trade war cooling off as of late. Schiff tweeted:
Now that trade tension with China has eased, the
pressure on the yuan is off. Those who
bought Bitcoin to speculate on Chinese safe haven buying, which never happened,
are taking their chips off the table.
According to an
update on its Developers website, Samsung (KSE:005930) has added Bitcoin
support to its Blockchain Keystore. The Keystore is currently supported on the
Galaxy S10e, S10, S10+, S10 5G, Note10 and Note10+, in Canada, Germany, South
Korea, Spain, Switzerland, the U.S. and the U.K.
CoinDesk reports that
banking giant Barclays (NYSE:BCS) is no longer
working with crypto exchange Coinbase. Formerly, Barclays connected Coinbase to
the U.K. Faster Payments Scheme (FPS), which allowed users to instantly
withdraw and deposit British pounds at the exchange. Coinbase has since moved
on and is working with upstart ClearBank, which is “expected to restore
Coinbase’s FPS access by the end of the third quarter”. A UK crypto company
CEO, who chose to remain anonymous, told CoinDesk:
“It is my understanding that Barclays’ risk appetite
has contracted a little – I’m not sure exactly why or what’s been driving that,
maybe there has been some activity they are not happy with. But it’s about
Barclays’ comfort level with crypto as a whole.”
U.S.-based crypto
payments startup Flexa announced in a blog
post
yesterday, that it is partnering with Canadian crypto exchange CoinSquare.
According to the post, this will bring:
…instant cryptocurrency payments online in 7,500+
merchant locations across Canada (including some of the nation’s largest
retail, entertainment, and fuel brands) by the first week of September.
Sam Mowers,
Investorideas
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