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Crypto Corner: Midterms Elect Two Pro-#Crypto Candidates, Survey Finds 1 in 4 Young Germans Would #Invest in Crypto

November 7th #CryptoCorner and Podcast sponsored by Crypto payment tech, #Flip @FlipToPay ($NXTD) and Genesis Exchange and Wallet App @GenesisBlockch

 

Point Roberts, WA and Delta, BC - November 7, 2018 (Investorideas.com Newswire) Investorideas.com, a leader in crypto and blockchain investing news, in partnership with Fit Pay, Inc.'s (subsidiary of NXT-ID (NASDAQ: NXTD) crypto payment tech, Flip and the Genesis Exchange and Wallet App bring you today's edition of the Crypto Corner podcast and commentary on what's driving the cryptocurrency market.

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Crypto Corner: Midterms Elect Two Pro-#Crypto Candidates, Survey Finds 1 in 4 Young Germans Would #Invest in Crypto

November 7, 2018

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Crypto Corner

Market Maintains Steady Growth, Midterms Elect Two Pro-Crypto Candidates, Survey Finds 1 in 4 Young Germans Would Invest in Crypto, Salesforce Wins Patent to Fight Spam with Blockchain and Bithumb Partners with “Asian Amazon”

Stocks discussed: (NYSE:CRM)

The crypto market continues to creep higher as total market capitalization has reached $219 billion USD at press time, up $3 billion USD from yesterday, according to data from CoinMarketCap. Most of the top 100 coins listed by market cap are in the green, with Bitcoin Cash (BCH) still showing impressive growth with 3.3 percent over yesterday and trading at $620 USD at press time.

Yesterday was the U.S. midterm elections and TrustNodes reports that two crypto-friendly candidates were elected. Democrat Gavin Newsom, who was backed by the Winklevoss twins, won 59 percent of the vote to become California's governor. And another Democrat, Jared Polis, took Colorado with 51.6 percent of the vote. A quote from Polis's campaign page says:

"My goal is to establish Colorado as a national hub for blockchain innovation in business and government. I believe strong leadership will put Colorado at the forefront of innovation in this sector – encouraging companies to flock to the state and establishing government applications that save taxpayers money and create value for Colorado residents."

German publication Verbraucherzentrale Hessen reports that 28 percent of Germans aged 18-29 would invest in cryptocurrency. Of that percentage, 26 percent cite speculation and the possibility of profit as a reason to invest, while only 17 percent see crypto as the "money of the future". Of the total respondents to the survey, 70 percent saw investment in crypto as being "rather risky" or "very risky".

Software company Salesforce (NYSE:CRM) has won a patent that outlines how blockchain technology can be used to reduce spam emails. The abstract from the patent reads:

"An email messaging system is provided that includes a first email message server, a second email message server and a distributed database system that stores a blockchain. The first email message server receives an email message from a first user system, and records a selected component of the received email message into a block of the blockchain. The selected component of the email message is added to the blockchain after validation by other participants in the blockchain. When the second email message server receives the email message from the first email message server, the second email message server can determine whether a component from the received email message matches the selected component that is stored in the block of the blockchain."

South Korean crypto exchange giant Bithumb has launched a payment service with Southeast Asian e-commerce company, Qoo10, nicknamed the "Asian Amazon". The partnership will enable customers to buy from Qoo10 and pay using Bithumb Cache, a password-generating service that allows users to convert crypto into fiat.

Sam Mowers, Investorideas

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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/

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