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: #Bitfinex Denies Insolvency, #Binance Makes Listing Fees Transparent, UAE to Allow ICOs in 2019 and Dubai to Introduce New State-Backed #Crypto 'Emcash'

Stocks discussed: (NYSE: $HSBC)

October 8th #CryptoCorner and Podcast sponsored by Crypto payment tech, #Flip @FlipToPay ($NXTD) and Genesis Exchange and Wallet App

 

Point Roberts, WA and Delta, BC - October 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.

Listen to today's Crypto Corner Podcast:

https://www.investorideas.com/Audio/Podcasts/2018/100818-CryptoMarket.mp3

#CryptoCorner: #Bitfinex Denies Insolvency, #Binance Makes Listing Fees Transparent, UAE to Allow #ICOs in 2019 and Dubai to Introduce New State-Backed #Crypto 'Emcash'

Get the Crypto Corner Podcast on iTunes

Subscribe to Podcast RSS feed:

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

Crypto Corner

Bitfinex Denies Insolvency, Binance Makes Listing Fees Transparent and Announces Intention to Donate Them to Charity, UAE to Allow ICOs in 2019 and Dubai to Introduce New State-Backed Crypto 'Emcash'

Stocks discussed: (NYSE:HSBC)

As we open a new week the total market capitalization as reported by CoinMarketCap is not much different from last week, clocking in at $221 billion USD at press time. Depending on one's perspective, this market cap shows either stability or stagnation, but it has been able to hold a position above $210 billion since late September. Bitcoin (BTC) is trading at $6652 USD, and popular altcoins Ether (ETH) and XRP currently go for $230 USD and $0.49 USD, respectively.

In a blog post yesterday, crypto exchange Bitfinex claimed that they were not, in fact, insolvent as recent rumours have suggested. The rumours, proliferated on a "constant stream of Medium articles", argue that Puerto Rico's Noble Bank had lost Bitfinex as a client, which somehow indicates insolvency. The exchange rebuts this by citing three separate cold wallets that account for a mere fraction of their fiat holdings.

Following their break with Noble Bank, Bitfinex started a relationship with HSBC (NYSE:HSBC), according to a tweet from Larry Cermak, head analyst for crypto publication The Block.

"Bitfinex is now banking with HSBC through a private account of Global Trading Solutions. Very good fit if you ask me. It's also worth mentioning that all EUR, JPY and GBP deposits are paused but Bitfinex "expects the situation to normalize within a week". Banking issues?"

Crypto exchange giant Binance announced in a blog post today that they were going to make all their listing fees transparent immediately and "donate 100% of them to charity". The blog post briefly described how this would work and encouraged others to follow suit.

Project teams will still propose the number they would like to provide for a "listing fee," or now more appropriately called a "donation." Binance will not dictate a number, nor is there a minimum required listing fee.

This change will further push Binance's charity initiatives and increase the use of blockchain for the greater good. We will have further updates in this area shortly.

Reuters reports that the United Arab Emirates (UAE) will introduce ICO funding in 2019 as an option for businesses to raise money. The head of the Emirates Securities & Commodities Authority (ESCA), Obaid Saif al-Zaabi, explained that regulation for ICOs would be in place in the first half of next year. He also indicated that ESCA will work with the Abu Dhabi and Dubai stock markets to develop trading platforms for the ICOs.

Similarly, Trade Arabia reports that Dubai is introducing a digital currency called emcash. The cryptocurrency is the result of a collaboration between Pundi X, a blockchain payment provider, Ebooc Fintech and Loyalty Lab and emcredit from Dubai's credit bureau. Citizens will be able to use emcash to make retail payments in stores, pay government bills, school fees and more. The article quotes an unnamed emcredit spokesperson on the news:

"To be the world's first city to offer blockchain-based payment solutions to our residents is an exciting moment for Dubai. It confirms Dubai's status as an international tech hub. Deploying cutting-edge technology such as blockchain is a key priority and is delivering benefits to our citizens in the form of convenience and securities to customers and merchants across Dubai."

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

Genesis Exchange and Wallet App by Genesis Blockchain Technologies (GBT)

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.You can Download the Genesis Exchange and Wallet App at Google Play and on the Apple App Store. Learn more at http://www.mygenesis.io


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 https://www.investorideas.com/

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 and the Cleantech and Climate Change Podcast .

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: 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 GBT Technologies . More info: http://www.investorideas.com/About/News/Clientspecifics.asp Learn more about Investor ideas podcast and news publication services and costs https://www.investorideas.com/News-Upload/

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

800-665-0411