#CryptoCorner: Goldman Sachs Recommends Buying BTC Before Bull Run, China’s Central Bank Announces #Crypto, Kakao Teases Crypto Wallet and New Zealand Allows Crypto Salaries
#CryptoCorner: Goldman Sachs Recommends Buying BTC Before
Bull Run, China’s Central Bank Announces #Crypto, Kakao Teases Crypto Wallet
and New Zealand Allows Crypto Salaries
Point Roberts, WA, Delta BC August 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 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/2019/081219-CryptoMarket.mp3
Read
this in full at https://www.investorideas.com/news/2019/crypto-corner/08121GoldmanSachs-China-Kakao-NewZealand.asp
Subscribe
to Podcast RSS feed:
https://www.investorideas.com/rss/feeds/Podcasts-Crypto.xml
August
12 Crypto Corner
Stocks discussed: (NYSE:GS) (NasdaqGS:FB) (KSE:035720)
Goldman Sachs (NYSE:GS) has recommended buying Bitcoin (BTC) at its current dipped price. This was
revealed in a tweet by Su Zhu, CEO of Three Arrows Capital.
The tweet indicated that Goldman Sachs projects a short-term target for Bitcoin
of $13,971. At press time, Bitcoin is trading for roughly $11,375 USD,
according to data from CoinMarketCap.
Bloomberg reports that China’s central bank,
The People’s Bank of China (PBoC), is “close” to launching its own
cryptocurrency. The announcement was made at an event held by China Finance 40
Forum over the weekend in Yichun, Heilongjiang, by deputy director of the
PBoC’s payments department, Mu Changchun. According to the piece, patents filed
by the PBoC indicate that the crypto would work by users downloading a mobile
wallet and swapping their yuan for the digital money, which they could then use
to make and receive payments. The article quotes Dave Chapman, executive
director at BC Technology Group Ltd, on the effect of Facebook’s (NasdaqGS:FB) Libra on CBDCs:
“It is without doubt that with the announcement of
Libra, governments, regulators and central banks around the world have had to
expedite their plans and approach to digital assets. They have to consider the
possibility that non-government issued currencies could “dramatically” disrupt
finance and payments.”
South Korean
internet giant Kakao Corp (KSE:035720) has launched a teaser page for its
forthcoming crypto wallet, according to local outlet News1
Korea. Called “Klip”, the wallet is being developed by Kakao’s
blockchain subsidiary GroundX, and will support the company’s native
cryptocurrency, Klay. Kakao aims to release the wallet in the second half of
this year. Han Jae-sun, CEO of Ground X, is quoted in the article:
"Everyone is focusing on developing power to
increase accessibility so that they can easily use the blockchain. We are
making efforts to improve efficiency and worrying about cryptocurrency
distribution."
New Zealanders can
receive their salaries in cryptocurrency according to a bulletin recently published by the country’s
Inland Revenue Department (IRD). An excerpt outlines the stipulations of
receiving pay in crypto:
The Arrangement is the payment of remuneration to an
employee in crypto-assets in circumstances where the crypto-asset payments:
● are for services performed by the employee under an
employment agreement;
● are for a fixed amount; and
● form a regular part of the employee’s remuneration.
This Ruling applies only to salary and wage earners,
not self-employed taxpayers; and where the crypto-assets being paid:
● are not subject to a “lock-up” period;
● can be converted directly into a fiat currency (on an
exchange); and either:
– a significant purpose of the crypto-asset is
to function like a currency; or
– the value of the crypto-asset is pegged to
one or more fiat currencies.
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/
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. 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