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

#CryptoCorner: #Crypto Rally Mellows, Peter Gabriel Invests in #Blockchain Company, Singapore's CrimsonLogic Launches Cross-Border Blockchain Trade Network, Congressional Crypto Hearings 'Seemed to Go Quite Well' and MasterCard Wins Crypto Patent

Stocks discussed: (NYSE: $MA)

July 19th #CryptoCorner and Podcast sponsored by Crypto payment tech, #Flip @FlipToPay ($NXTD)

 

Point Roberts, WA and Delta, BC - July 19, 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, now available in podcast.

Listen to today's Crypto Corner Podcast:

http://www.investorideas.com/Audio/Podcasts/2018/071818-CryptoMarket.mp3

#CryptoCorner: Crypto Rally Mellows, Peter Gabriel Invests in Blockchain Company, Singapore's CrimsonLogic Launches Cross-Border Blockchain Trade Network, and MasterCard Wins Crypto Patent

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

Crypto Corner - July 19, 2018

Crypto Rally Mellows, Peter Gabriel Invests in Blockchain Company, Singapore's CrimsonLogic Launches Cross-Border Blockchain Trade Network, Congressional Crypto Hearings 'Seemed to Go Quite Well' and MasterCard Wins Crypto Patent

Stocks discussed: (NYSE:MA)

After Tuesday's impressive rally we saw the crypto market retreat a bit yesterday, with the total market cap getting as low as $285 billion USD. Bitcoin (BTC), being relatively reflective of the wider market in this case, peaked yesterday at $7534 USD, dropped as low as $7280 USD and has now recovered somewhat to $7426 USD at press time, according to data from CoinMarketCap. The rally we saw on Tuesday may have abated, but most coins are keeping most of their recently accrued value for now.

British musician, and former lead singer of Genesis, Peter Gabriel has invested in blockchain company Provenance, according to a recent press release. Provenance utilizes blockchain technology to create greater transparency in food transportation. The "Sledgehammer"-singer is joining investors, led by Working Capital Fund, including Digital Currency Group, Merian Ventures and Plug and Play. Gabriel commented on the investment:

"We need to be able to trust the source and distribution chain, particularly when it comes to guaranteeing that things are produced ethically and in an ecologically sound way. I am convinced that the service Provenance provides, using their blockchain data system, is going to find a big role going forward and will be of great use to the consumer and provide a level playing field for smaller, independent producers on which to compete with the big players. Jessi Baker and her team are very impressive and I fully expect them to do really well."

Singapore's Global eTrade Services (GeTS), a subsidiary of e-government service provider CrimsonLogic, has announced the launch of the world's first cross-border global blockchain trade network. The network, known as the Open Trade Blockchain (OTB), is aimed at boosting efficiency, security and transparency in trade between China and the Association of Southeast Asian Nations (ASEAN).

The following is analysis courtesy of Mati Greenspan, Senior Market Analyst at eToro:

Both crypto hearings in the USA seemed to go quite well, with the exception of an outburst from Congressman Brad Sherman who said that the USA should ban purchasing and mining cryptocurrencies.

Sherman is a known opponent of cryptocurrencies who's top campaign contributors include the online payment processor Allied Wallet, the company with the most to lose, should cryptocurrencies gain more prominence.

The good news is that Congressman Sherman's allies in these efforts are dwindling as many government officials do see the value of a new technology that allows for the decentralization of applications and creates programmable money, and the rest of the meeting seemed very productive.

When Visa & MasterCard (NYSE:MA) came out with a crypto ban earlier this year it definitely affected things.

Previous studies showed that most crypto purchases in the USA were done with credit cards and so this ban, as well as the advertising bans by Google and Facebook, may very well have contributed to the current retracement in crypto this year.

A few months later, when MasterCard reporting their quarterly earnings, it became clear that the loss of business was actually hurting MA's bottom line.

On Tuesday, the credit card giant won a surprising patent in the United States. According to the filing, it seems that MasterCard may have had a change of heart and is now looking to bridge the gap between blockchain-based assets and fiat currencies.

Of course, we have no idea what they intend to do with this patent or when/if they will ever put it to use. However, this is certainly an encouraging update for those hoping for a greater level of cooperation between crypto and traditional finance.

Sam Mowers, Investorideas

Read other editions of the Crypto Corner

Get the Crypto Corner News by email Get Crypto Corner News

Crypto Corner Sponsor:

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/

Order Flip


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

Talk about the sector with other companies and investors- Join our LinkedIn Group Blockchain and Digital Currency Stocks and ICO's - Latest News and Commentary https://www.linkedin.com/groups/13560073

About Investorideas.com - News that Inspires Big Ideas

www.Investorideas.com is a meeting place for global investors, featuring news, stock directories, video, podcasts, company profiles, interviews and more in leading sectors. Sectors we cover include tech (AI, drones, internet of things) , payments, crypto and blockchain, biotech, mining, energy, renewable energy, water , marijuana and hemp stocks, food and beverage, defense and security (biometrics/cyber) ,Latin America, sports, entertainment, luxury brands and gaming.

The Investorideas.com podcasts are also available on iTunes, Tunein, Sticher. Spreaker.com, iHeart.com and Google Play Music.

Visit the Podcast page at Investorideas.com: http://www.investorideas.com/Audio/

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 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.

Copyright and ownership: Crypto Corner is an Investorideas.com content brand

Please read Investorideas.com privacy policy: http://www.investorideas.com/About/Private_Policy.asp

Learn more about sponsoring the crypto corner and other branded content

Contact Investorideas.com

800-665-0411