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#CryptoCorner: Market Stagnates, #Ethereum Classic Supported by #Robinhood Crypto, #Coinbase Resumes Business in Wyoming, #Bitmain Announces Data Centre in Texas That Will Create 400 Jobs and Study Finds That Blockchain Adoption Will Save Banks $27 Billion Annually by 2030

August 7th #CryptoCorner and Podcast sponsored by Crypto payment tech, #Flip @FlipToPay ($NXTD) and #AI, #IoT, #Blockchain, #Crypto Technology Company Gopher Protocol (OTCQB: $GOPH), GBT a powerful #cryptocurrency centralized / decentralized exchange

 

Point Roberts, WA and Delta, BC - August 7, 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/2018/080718-CryptoMarket.mp3

#CryptoCorner: Market Stagnates, #Ethereum Classic Supported by #Robinhood Crypto, #Coinbase Resumes Business in Wyoming, #Bitmain Announces Data Centre in Texas That Will Create 400 Jobs and Study Finds That Blockchain Adoption Will Save Banks $27 Billion Annually by 2030

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Crypto Corner

Market Stagnates, Ethereum Classic Supported by Robinhood Crypto, Coinbase Resumes Business in Wyoming, Bitmain Announces Data Centre in Texas That Will Create 400 Jobs and Study Finds That Blockchain Adoption Will Save Banks $27 Billion Annually by 2030

The crypto market has neither recovered significantly nor seen a further decline since yesterday. According to data from CoinMarketCap, the total market cap remains at about $255 billion USD with flagship cryptocurrency Bitcoin (BTC) hovering around $7060 USD.

One altcoin that has seen some movement, however, is Ethereum Classic (ETC), which has grown a further 9 percent in the last day and is trading at $18.86 USD at press time. Following from yesterday's report that crypto exchange Coinbase was finishing the final round of testing of Ethereum Classic, crypto-trading app Robinhood also announced support for the coin on Monday. Robinhood Crypto is available in 19 states, but has plans to expand. The platform also offers investment in Bitcoin (BTC), Ethereum (ETH), Bitcoin Cash (BCH), Litecoin (LTC) and Dogecoin (DOGE).

Going back to Coinbase, the company recently announced in a blog post that it was resuming service in Wyoming, after renewing its money transmitter license which had been suspended in 2014. Mike Lempres, Coinbase's Chief Legal and Compliance Officer wrote that the company was excited to be available in Wyoming again and that it would work with lawmakers to become the state's most reliable crypto brand.

"We are encouraged by this positive transition for Wyoming residents and businesses to once again enjoy the enhanced innovation, economic activity and social benefits of this new technology. We aim to be the most trusted cryptocurrency brand in the space, and as part of that, we seek excellence in compliance and advocate for common-sense policies that allow for innovation. We will continue collaborating with legislators and regulators across the U.S. and worldwide as we work to create open financial system for the world."

A press release yesterday indicates that bitcoin mining giant Bitmain Technologies Ltd., has chosen Rockdale, Texas as the location of its new blockchain data centre. This move means an investment by the company of over $500 million USD into the local, county and statewide economies over seven years. Bitmain anticipates that the centre will bring 400 local jobs over the first two years of operation. Bitmain North America's executive vice president and director of operations, Jeff Stearns, commented on the announcement:

"Bitmain is truly honored to announce this news and is excited to work with local partners, government and stakeholders in realizing this vision, throughout the initial set-up phase, operations and beyond."

A new study by Juniper Research has found that adoption of blockchain technology could save banks $27 billion USD annually by 2030. However, the research warns that benefits like these would happen gradually, due to the need to parallel-run blockchain-based services with legacy systems.

Sam Mowers, Investorideas

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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/

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Investorideas Featured Company: Gopher Protocol, Inc. (OTC:GOPH)

Gopher Protocol Inc. (OTCQB: GOPH) is a development-stage company which consider itself a Native IoT creator, developing Internet of Things (IoT) and Artificial Intelligence enabled mobile technology. Gopher's exclusive licensor filed a non-provisional patent covering a proprietary GRC Blockchain-Based Radio Generated Digital Currency on June 19, 2018. Additionally Gopher's Avant! AI technology has been designed to supervise the Blockchain System to keep records of all data exchanges. The AI system will be embedded as an integral part of Gopher's digital coin Blockchain system.

For more info on Gopher and its technologies visit http://gopherprotocol.com/



Investorideas.com - GBT Genesis Blockchain Technologies

GBT is a powerful cryptocurrency centralized / decentralized exchange which will include a broad range of services and benefits from cryptocurrency and blockchain markets development, while avoiding complications and risks arising from crytocurrency ownership, transfer, and exchange.

The powerful GBTDesk aggregator ensuring exchange of cryptocurrencies for fiat currencies under smart contracts without intermediaries is a key element of GBT.


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