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#CryptoCorner: #Bitcoin Spikes as #BitMEX Goes Down, Thailand's Central Bank Announces CBDC, #Apple Co-founder Steve Wozniak Talks About Involvement in Blockchain Startup and South Korea's National Assembly Talks ICOs and Blockchain

August 22nd #CryptoCorner and Podcast sponsored by Crypto payment tech, #Flip @FlipToPay ($NXTD) and #AI, #IoT, #Blockchain, #Crypto Technology Company Gopher Protocol (OTCQB: $GOPH) and Genesis Exchange and Wallet App

 

Point Roberts, WA and Delta, BC - August 22, 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: #Bitcoin Spikes as #BitMEX Goes Down, Thailand's Central Bank Announces CBDC, #Apple Co-founder Steve Wozniak Talks About Involvement in #Blockchain Startup and South Korea's National Assembly Talks ICOs and Blockchain

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Crypto Corner

Bitcoin Spikes as BitMEX Goes Down, Thailand's Central Bank Announces CBDC, Apple Co-founder Steve Wozniak Talks About Involvement in Blockchain Startup and South Korea's National Assembly Talks ICOs and Blockchain

The price of Bitcoin (BTC) jumped four percent last night from about $6466 USD to $6816 USD and has come down a bit to around $6675 USD at press time, according to CoinMarketCap. This took place in concurrence with crypto exchange BitMEX’s scheduled maintenance period. Cointelegraph reports that as BitMEX was down, crypto bulls may have exploited the opportunity to force a spike in anticipation of an SEC decision tomorrow on a new Bitcoin exchange-traded fund (ETF). Crypto trader Alex Krüger tweeted:

The $BTC lightning +7% breakout during Bitmex's downtime shows why odds of SEC approving the CBOE bitcoin ETF proposal should be close to zero. Even if no manipulation (that's debatable) this stresses the importance of Bitmex, a fully unregulated market with 40% market share.

The Bank of Thailand announced plans yesterday to create a wholesale Central Bank Digital Currency (CBDC) project, called ‘Project Inthanon’. Thailand’s central bank is collaborating with 8 other banks and utilizing Corda, a Digital Ledger Technology (DLT) platform developed by R3, to realize the project. The statement said:

“The outcome and insights from Project Inthanon will contribute to the design of Thailand’s future financial market infrastructure.”

In an interview with NullTX, Apple co-founder Steve Wozniak spoke about his planned involvement with Equi, a blockchain startup.

“I’m involved with, very soon, my first time being involved in a blockchain company. [It’s] called Equi… Our approach is not like a new currency, or something phony where an event will make it go up in value. It’s a share of stock, in a company. This company is doing investment by investors with huge track records in good investments in things like apartment buildings in Dubai. We have one person in our group who has listed out a whole apartment building for Bitcoin… We might be starting up in Malta around the time of their blockchain conference.”

Business Korea reports that the country’s National Assembly was involved in an “extraordinary session”, in which ICOs and blockchain were heavily discussed. Among the topics were the proposal of clear guidelines governing ICOs as well as the possibility of designating Jeju Island as a special crypto and blockchain zone. An industry insider said:

“The South Korean government prohibited all types of ICO in September last year and has come up with no related policy since then. The entire industry is paying much attention to how its stance will change through various discussions in the National Assembly.”

Sam Mowers, Investorideas

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