Investorideas.com
Search  Follow Investorideas on Twitter  Investorideas is on Facebook  Investorideas is on Google Plus  Investorideas is on Youtube  Investorideas is on Pinterest  Investorideas is on tumblr  Investorideas is on LinkedIn  Investorideas RSS 


Investorideas podcasts on iTunes, Google Play Music and iHeart.com    Investorideas.com potcasts - cannabis news and stocks to watch plus insight from thought leaders and experts    Investorideas.com crypto corner    Play by Play – the latest sports headlines and sports stock news

 

Join Investor Ideas Members to access the Renewable Energy stocks directory, water stocks, biotech stocks, defense stocks directories and the Insiders Corner

Crypto Corner: Crypto Market Cap Drops to Lowest in a Month, Thailand Eyes Regulation and Coinbase Warns Against Stifling Regulation in U.S.

 

Point Roberts, WA and Delta, BC - March 15, 2018 (Investorideas.com Newswire) Investorideas.com, a leader in crypto and blockchain investing news reports on what's driving the cryptocurrency markets with today's edition of Crypto Corner.

Crypto Corner - March 15, 2018

By Samuel Mowers at Investorideas.com

Crypto Market Cap Drops to Lowest in a Month, Thailand Eyes Regulation and Coinbase Warns Against Stifling Regulation in U.S.

Bitcoin (BTC) has dropped to a one-month low opening today at $8196.90 USD, according to CoinDesk BPI, before reaching a low of $7676.52 USD. At time of writing this it is hovering around $8000 USD, after peaking at $8413.11 USD earlier in the day.

Bitcoin (BTC) is not unique in this regard as all other major cryptocurrencies are down, including Ethereum (ETH) which reach a low of $579.51 USD today. According to CoinMarketCap, the market cap is about $320 billion USD, the lowest it has been since Feb 6.

The drop in prices is largely attributed to the Google announcement to ban cryptocurrency ads yesterday, and market sell-offs more broadly.

Thailand's cabinet is making moves towards taxation and regulation of cryptocurrency, according to an article in the Bangkok Post yesterday.

"The cabinet on Tuesday approved in principle the drafts of two royal decrees, one to regulate digital-asset-related transactions and another to amend the Revenue Code to let the tax-collecting agency impose levies on digital assets."

Deputy Prime Minister Wissanu Krea-ngam, reportedly "told the cabinet that the new law is not meant to prohibit cryptocurrencies, ICOs and any other digital-asset-related transactions, but to protect investors who invest in the digital assets."

At a hearing entitled "Examining the Cryptocurrencies and ICO Markets" in Washington D.C. yesterday, Mike Lempres, Chief Legal and Risk Officer of Coinbase, gave a testimony that claimed current regulations were sufficient in the U.S.

"We believe there is no need for Congress to create a new regulator or a new regulatory scheme because federal regulators already have sufficient authority to regulate this space effectively.

Lempres praised aspects of current regulation, but said that lack of clarity may stifle innovation.

"At the same time, we need to be sure that we are not killing good innovation brought about by new technology and good actors. Unfortunately, the current regulatory environment - in particular regulation by enforcement without enough clear guidance on what is permissible - is harming healthy innovation in the U.S. There is so much uncertainty about the definition of a security and the scope of regulatory control that the market is being chilled. This is bad for everyone because the technology won't stop - it will simply move overseas and we will miss out on the opportunity to cultivate the benefits in the U.S."

Get the Crypto Corner News by email Get Crypto Corner News

Crypto Corner Sponsors:

Investorideas.com - NXT-ID Inc. (NASDAQ: NXTD) Subsidiary Fit Pay Flip<sup>TM</sup>

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/

Preorder Flip

Investorideas.com featured blockchain and technology company - GoverMedia Plus Canada Corp. (CSE: MPLS)

Blockchain and Crypto Stock GoverMedia Plus Canada Corp. (CSE: MPLS). GoverMedia Plus Canada Corp. is a Canadian holding company with a fully owned Russian technology subsidiary. GoverMedia has developed a fully operational state of the art internet platform offering all inclusive online services such as, e-commerce, social media, multimedia, corporate auctions, corporate database, messaging platform, crowdfunding, cryptocurrency and blockchain services. We believe the GoverMedia platform is the first and only internet platform offering such a wide range of online services accessible via only one account. The Company's management and advisors have extensive expertise in the Telecommunications, High-Technology, Corporate Development and Finance fields. www.gm.plus and www.govermedia.plus.


Investorideas.com is a leader in Blockchain content with its Bitcoin and Blockchain portals Bitcoinandblockchainstocks.com, Cryptocurrencyinvestorideas.com and Blockchaininvestorideas.com

View our growing Bitcoin, Blockchain and Digital Currency Stocks Directory

Join our LinkedIn Group Blockchain and Digital Currency Stocks and ICO's - Latest News and Commentary https://www.linkedin.com/groups/13560073



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 investment involves risk and possible loss of investment. This site is currently compensated for news publication and distribution, social media and marketing, content creation and more. Contact each company directly regarding content and press release questions. 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. More disclaimer info: http://www.investorideas.com/About/Disclaimer.asp. Disclosure:  this newsletter is sponsored content by featured companies NXt-ID (NASDAQ: NXTD) on behalf of Flip and   GoverMedia Plus Canada Corp. (CSE: MPLS). More info: http://www.investorideas.com/About/News/Clientspecifics.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.

Contact Investorideas.com  

800-665-0411