#CryptoCorner: #Bitcoin Market Recovers Slightly, Tokyo Stock Exchange 'Troubled' at Possible Acquisition of Listed Company by Crypto Company, Minds.com Announces Migration to #Ethereum Network and #Crypto Trading Illegal in Saudi Arabia
August 13, #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 13, 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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#Crypto Corner - #Bitcoin Market Recovers Slightly, Tokyo Stock Exchange 'Troubled' at Possible Acquisition of Listed Company by Crypto Company, Minds.com Announces Migration to #Ethereum Network and #Crypto Trading Illegal in Saudi Arabia
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Bitcoin Market Recovers Slightly, Tokyo Stock Exchange 'Troubled' at Possible Acquisition of Listed Company by Crypto Company, Minds.com Announces Migration to Ethereum Network and Crypto Trading Illegal in Saudi Arabia
Over the weekend the crypto market saw a decline in total market capitalization from about $226 billion USD on Friday to as low as $206 billion USD on Saturday. The market has recovered somewhat and is $215 billion USD at press time, according to data from CoinMarketCap. Bitcoin (BTC), which currently holds a market dominance rate of 51 percent, is trading at $6400.
Nikkei Asian Review reports that a Hong Kong-based crypto company, Noah Ark Technologies, seeks to buy control of a Tokyo Stock Exchange (TSE)-listed company called Beat Holdings. Already a shareholder in Beat as of June, Noah Ark reportedly proposed that the company change its name to include "Noah Coin", after a digital coin the former created earlier this year. Although the TSE is typically quite open to foreign companies entering the Japanese market, the exchange is very skeptical of cryptocurrency companies, with one official saying they feel "troubled, to be honest".
Minds.com, a blockchain-based social network startup, announced today that it is migrating its platform to the ethereum network, according to a report on CoinDesk. The company's CEO, Bill Ottman told CoinDesk that the page currently receives 500,000 page views every day and claims about 1.25 million registered users. He explained that Minds has created a "hybrid on-chain, off-chain model" to accommodate high traffic volume that might otherwise crowd the ethereum network. Ottman noted the anticipation of increased transaction volumes upon launch which will result from certain features going live.
"We expect an overall increase in transactions, both on-chain and off-chain, due to the activation of token withdrawals, purchases and rewards," he said.
Elsewhere in the statement, Minds advisor and blockchain business developer Elizabeth McCauley explained the market the social network catered to:
"When governments crack down on free speech and team with centralized social media surveillance companies, [Minds] provides a refuge for individuals seeking an avenue for global interaction and idea exchange."
The Saudi Arabian Monetary Authority (SAMA) issued a statement yesterday that trading digital currencies like Bitcoin is illegal in the country. Specifically, the statement cites "negative consequences and high risks on traders as they are out of government supervision" as reason for the prohibition. The statement omits mention of the consequences for participating in crypto trading.
Sam Mowers, Investorideas
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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/
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.
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