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#CryptoCorner: Market Loses $27 Billion Overnight as #SEC Delays #ETF Decision, Korean #Blockchain Association Calls for Gov’t Embrace and Regulation and #Opera to Launch Browser with Built-in #Crypto Wallet

August 8th #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 8, 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.

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#CryptoCorner: Market Loses $27 Billion Overnight as SEC Delays ETF Decision, Korean #Blockchain Association Calls for Gov't Embrace and Regulation and Opera to Launch Browser with Built-in #Crypto Wallet

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Crypto Corner

Market Loses $27 Billion Overnight as SEC Delays ETF Decision, Korean Blockchain Association Calls for Gov’t Embrace and Regulation and Opera to Launch Browser with Built-in Crypto Wallet

The crypto market appears to be in freefall as it has lost roughly $27 billion USD in the last 24 hours. At press time, Bitcoin (BTC) is trading at around $6500 USD, some $500 USD less than a day ago. But Bitcoin's 8.5 percent drop seems modest compared to XRP and EOS's 16 and 18 percent decline, respectively, for instance. Almost every one of the top 100 traded coins are in the red. Even Ethereum Classic (ETC), which saw decent growth over the past few days has lost nearly 17 percent after this most recent crash. All this data is from CoinMarketCap.

This drop is likely heavily influenced by news that the U.S. Securities and Exchange Commission (SEC) has delayed its decision to approve the Bitcoin exchange-traded fund (ETF) of VanEck and SolidX. The announcement indicated that the SEC would not approve or disapprove the ETF until September 30. A recent crash in the market was concurrent with the rejection of the Winklevoss brothers' proposed ETF.

Korea JoongAng Daily reports that the recently formed Korea Blockchain Enterprise Promotion Association has called on the government to embrace and regulate blockchain technology. The Association's president, Yoo Joon-sang, said at a press briefing on Tuesday:

"Countries around the world are applying blockchain technology to all aspects of society including health care, retail and logistics. But instead of welcoming the people's fervor for the technology, the government is focused on controlling it to address negative short-term side effects. This is essentially kicking away the economic opportunities that lie in front of us."

Software company Opera is launching a desktop browser with "built-in crypto wallet functionality", according to a report from CCN. Having previously launched a mobile crypto wallet in July, Opera allows users to connect this to the new browser by scanning a QR code. Opera Crypto's product lead, Charles Hamel said:

"By adding a crypto wallet directly into the browser, we removed the need for complex extensions or separate apps. Opening up the PC browser to crypto marks Opera's second step towards making cryptocurrencies and Web 3.0 mainstream."

Sam Mowers, Investorideas

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