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Crypto Corner: Market Gains $17 Billion, Coinbase Launches OTC Trading, Huobi Announces Multi-Stablecoin Token, South Korea to Test Blockchain for Voting and Canadian Jeweler Birks to Accept Bitcoin Payments

November 28th #CryptoCorner sponsored by Crypto payment tech, #Flip @FlipToPay ($NXTD) and Genesis Exchange and Wallet App @GenesisBlockch

 

Point Roberts, WA and Delta, BC - November 28, 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: Market Gains $17 Billion, #Coinbase Launches OTC Trading, #Huobi Announces Multi-Stablecoin Token

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Crypto Corner

Market Gains $17 Billion, Coinbase Launches OTC Trading, Huobi Announces Multi-Stablecoin Token, South Korea to Test Blockchain for Voting and Canadian Jeweler Birks to Accept Bitcoin Payments

Stocks discussed: (NYSE:BGI)

In a pleasing departure from the last couple of weeks or so, the crypto market has experienced a significant surge overnight. Whereas on yesterday's Crypto Corner when total market capitalization clocked in at $120 billion USD, CoinMarketCap indicates that it's sitting at $137 billion at press time. All but four of the top 100 coins listed by market cap are in the green, with many major coins posting double-digit percentage gains. Bitcoin (BTC) is back to trading for over $4000, currently at $4200, with a 24 hour growth of about 13 percent. And XRP, Ether (ETH) and Bitcoin Cash (BCH) have grown 11 percent, 13 percent and 10 percent, respectively.

According to a report from Cheddar, U.S. crypto exchange giant Coinbase has launched OTC trading for its "Prime" customers. Christine Sandler, the head of sales at Coinbase explained the move:

"We launched our OTC business as a complement to our exchange business because we found a lot of institutions were using OTC as an on-ramp for crypto trading. We felt this was a huge benefit to our clients to actually leverage both our exchange and our OTC business."

CCN reports that crypto exchange Huobi has launched a token called HUSD, which supports four major stablecoins: Gemini Dollar, Paxos Standard, USDCoin, and True USD. Users who hold the new HUSD token are able to withdraw any of those four stablecoins at an equal value.

South Korea's National Election Commission (NEC) has announced that it will test a blockchain system for voting in December in a bid to improve transparency and security. The NEC hopes that, if successful, the intended trial will "create the foundation for the introduction of online elections in the future".

Canadian jewelry retailer Birks Group Inc. (NYSE:BGI) has partnered with BitPay to offer customers the option to pay with bitcoin. The service will be available in eight locations across Canada. Birks President and CEO Jean-Christophe Bédos commented:

"It is of great significance to Birks Group to launch BitPay. As an internationally growing brand, we believe that BitPay will benefit our customers as we look to align ourselves with these innovative capabilities that are on the forefront of technology."

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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