Join our smart investors - Get the best stock directories in  blockchain, cannabis, crypto, AI, IoT, cleantech. Daily podcasts in cannabis and crpto. Just $99  a year

#CryptoCorner: Bitcoin Cash Surge in the Wake of Bitmain IPO Application, Swiss Company Raises $104 Million USD for Crypto Bank, Goldman Sachs (NYSE: $GS) Leads $25 Million Funding Round for #Blockchain Payments Startup #Veem

September 27th #CryptoCorner and Podcast sponsored by Crypto payment tech, #Flip @FlipToPay ($NXTD) and Genesis Exchange and Wallet App

 

Point Roberts, WA and Delta, BC - September 27, 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:

https://www.investorideas.com/Audio/Podcasts/2018/092718-CryptoMarket.mp3

#CryptoCorner: #Bitcoin Cash Surge in the Wake of #Bitmain #IPO Application, Swiss Company Raises $104 Million USD for Crypto Bank, Goldman Sachs Leads $25 Million Funding Round for Blockchain Payments Startup Veem

Subscribe to Podcast RSS feed:

https://www.investorideas.com/rss/feeds/Podcasts-Crypto.xml

Crypto Corner

Bitcoin Cash Surge in the Wake of Bitmain IPO Application, Swiss Company Raises $104 Million USD for Crypto Bank, Goldman Sachs Leads $25 Million Funding Round for Blockchain Payments Startup Veem and Ukraine's Central Bank Considering State-Backed Digital Currency

Stocks discussed: (NYSE:GS)

At $217 billion USD, the total market capitalization at press time, as stated by CoinMarketCap, has not moved so much in the past day when it clocked in at $216 billion USD. Most major cryptocurrencies, such as Bitcoin (BTC), Ethereum (ETH) and XRP have not fluctuated greatly in the last 24 hours. Litecoin (LTC), however, has seen growth of 8 percent since yesterday and Bitcoin Cash (BCH) has surged some 15 percent. A piece on CCN by writer Yashu Gola connects the Bitcoin Cash jump to yesterday's news of Bitcoin Mining Giant Bitmain's IPO application.

"It is unclear whether the Bitmain will receive approval or not. Nevertheless, the mere announcement of the company applying for an IPO has injected upside sentiments among the BCH speculators.

The BCH/USD market, as a result, was host to bulls in the past two days. The upside sentiment arrived only after the Bitmain announcement. Therefore, it would be safe to say that speculators started entering long positions on a strong near-term bullish feeling. The market can still erase its gains if longs begin to get executed near the new highs."

Bloomberg reports that Swiss financial services company Seba Crypto AG has raised 100 million swiss francs ($104 million USD) from private and institutional investors to start a Cryptocurrency bank. The planned bank would allow clients to "easily swap dollars and euros into cryptocurrency". Seba Crypto AG's CEO, Guido Buehler, said the company has been in talks with Swiss financial regulator Finma since April and that a final license application would be submitted by the end of October.

Veem, a blockchain payments startup, has announced via blog post, that it has closed a $25 million USD strategic funding round led by Goldman Sachs (NYSE:GS). Veem aspires to transform the global payments space with their multi-rail payments platform, which they claim "ensures speed, security, and the lowest possible fees by finding the perfect route for any particular transfer". According to the announcement, Veem's customer base has "exploded" to over 80,000 small businesses in 96 countries.

The National Bank of Ukraine (NBU) is considering the idea of a state-controlled digital currency, according to local news outlet Vesti Ukraine. Some of the reasons NBU is considering the move are greater protection of funds, faster transaction time and the reduction in physical cash in the economy, which costs the bank a lot of money. At this point nothing is confirmed, however, and the bank will proceed "only after a detailed analysis".

Sam Mowers, Investorideas

Read other editions of the Crypto Corner

Get the Crypto Corner News by email Get Crypto Corner News

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/

Order Flip



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.

Download the Genesis Exchange and Wallet App at Google Play
https://play.google.com/store/apps/details?id=com.genesismobile


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: https://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: https://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 GBT Technologies . More info: https://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: https://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

https://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

https://www.investorideas.com/About/Contact.asp

800-665-0411