#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
Subscribe to RSS feed http://www.investorideas.com/rss/feeds/Podcasts-Crypto.xml
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
Read other editions of the Crypto Corner
Get the Crypto Corner News by email Get Crypto Corner News
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/
Order Flip
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/
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.
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 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 Stock Guru daily podcast on Support and Resistance Trading.
The Crypto Corner is part of the Investor Ideas Membership content
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: 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 and podcast is sponsored content by featured companies NXt-ID (NASDAQ: NXTD) on behalf of Flip and Gopher Protocol Inc. (OTCQB: GOPH) and its blockchain and crypto technologies and GBT Technologies. 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
Learn more about our news, PR and social media services at Investorideas.com
http://www.investorideas.com/Investors/Services.asp
Follow us on Twitter https://twitter.com/Investorideas
Follow us on Facebook https://www.facebook.com/Investorideas
Follow us on YouTube https://www.youtube.com/c/Investorideas
Contact Investorideas.com
http://www.investorideas.com/About/Contact.asp
800-665-0411