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: #Bitcoin Breaks $8000 as Market Continues to Grow, #Binance to Expand to South Korea, TRON acquires BitTorrent, Inc. and G20 Releases Statement on Crypto

July 24th #CryptoCorner and Podcast sponsored by Crypto payment tech, #Flip @FlipToPay ($NXTD)

 

Point Roberts, WA and Delta, BC - July 24, 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/2018/072418-CryptoMarket.mp3

#CryptoCorner: #Bitcoin Breaks $8000 as Market Continues to Grow, #Binance to Expand to South Korea, TRON acquires BitTorrent, Inc. and G20 Releases Statement on Crypto

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

Crypto Corner - July 24, 2018

Bitcoin Breaks $8000 as Market Continues to Grow, Binance to Expand to South Korea, TRON acquires BitTorrent, Inc. and G20 Releases Statement on Crypto

Bitcoin (BTC) broke past $8000 USD last night as the flagship crypto coin surged from around $7700 USD throughout most of yesterday to $8180 USD at press time. While many altcoins didn't follow suit, the growth of Bitcoin propelled the market from yesterday's $287 billion USD to just shy of $300 billion USD at press time. Currently Bitcoin (BTC) accounts for 47 percent of the entire crypto market. All of this data is from CoinMarketCap.

The world's largest cryptocurrency exchange, Binance, will be expanding into South Korea, according to a report in Business Korea today. The company's CEO, Changpeng Zhao, attended the Blockchain Partners Summit in Seoul on July 21 and 22, and in his keynote speech there praised the South Korean market and expressed enthusiasm to become part of the community. As an exchange that is considered secure and reliable, Binance may work well in South Korea's heavily regulated crypto space.

The TRON (TRX) Foundation, has acquired BitTorrent, Inc. and all its products, according to a letter posted on Medium by TRON CEO Justin Sun. BitTorrent is a file sharing communications protocol based on a peer-to-peer network. Sun writes that both companies will be wholly integrated.

"Through this acquisition, BitTorrent and TRON will combine forces, with the TRON US team merging with the BitTorrent team. BitTorrent possesses world-class technical talent and solid experience in decentralized protocol technology.. Combining the robust capabilities of the two teams will take the technology behind the TRON ecosystem to a whole new level."

The G20 Finance Ministers and Central Bank Governors Meeting in Buenos Aires released an official statement, which among other things addressed issues raised by crypto-assets. The statement praised crypto as innovation that "can deliver significant benefits to the financial system and broader economy", but highlighted risks with regard to "consumer and investor protection, market integrity, tax evasion, money laundering and terrorist financing". To check the technology, the G20 statement invokes watchdogs like the Financial Stability Board (FSB) and standard setting bodies (SSBs) and calls on the Financial Action Task Force (FATF) to delineate standards for the crypto sector.

"While crypto-assets do not at this point pose a global financial stability risk, we remain vigilant. We welcome updates provided by the FSB and the SSBs and look forward to their further work to monitor the potential risks of crypto-assets, and to assess multilateral responses as needed. We reiterate our March commitments related to the implementation of the FATF standards and we ask the FATF to clarify in October 2018 how its standards apply to crypto-assets."

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 Crypto Corner is part of the Investor Ideas Membership content

The Investorideas.com podcasts are also available on iTunes, Spotify, 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