Crypto Corner: SEC Comes Down on Floyd #Mayweather and DJ Khaled for ICO Payments, #Coinbase Pro Launches Zcash Trading and Intel ( $INTC) Files #Bitcoin Mining Patent
November 30th #CryptoCorner and Podcast sponsored by Crypto payment tech, #Flip @FlipToPay ($NXTD) and Genesis Exchange and Wallet App @GenesisBlockch
Point Roberts, WA and Delta, BC - November 30, 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: SEC Comes Down on Floyd #Mayweather and DJ Khaled for ICO Payments, #Coinbase Pro Launches Zcash Trading and Intel Files #Bitcoin Mining Patent
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Market Struggles After Brief Recovery, SEC Comes Down on Floyd Mayweather and DJ Khaled for ICO Payments, Coinbase Pro Launches Zcash Trading and Intel Files Bitcoin Mining Patent
Stocks discussed: (NasdaqGS:INTC)
After seeming to experience a modest recovery this week, the crypto market has again taken a dip, with Bitcoin (BTC) briefly falling below the $4000 support level. Since yesterday's Crypto Corner, total market capitalization has fallen about $8 billion USD from $139 billion to $131 billion at press time, according to CoinMarketCap. Bitcoin (BTC) is currently trading for about $4030, having lost 7 percent of its market cap in the last 24 hours. And altcoins listed by market cap are in the red with XRP, Ether (ETH) and Bitcoin Cash (BCH) having dropped 4.7, 4.4 and 3.8 percent, respectively.
The U.S. Securities and Exchanges Commission (SEC) has charged professional boxer Floyd Mayweather and music producer DJ Khaled for "failing to disclose payments they received for promoting investments in Initial Coin Offerings", according to a press release. The release indicates that Mayweather failed to disclose payment from three different ICO issuers including $100,000 from Centra Tech Inc. Khaled received $50,000 from Centra Tech and similarly failed to disclose the payment. An excerpt from the SEC release details the two men's penalties:
Mayweather agreed to pay $300,000 in disgorgement, a $300,000 penalty, and $14,775 in prejudgment interest. Khaled agreed to pay $50,000 in disgorgement, a $100,000 penalty, and $2,725 in prejudgment interest. In addition, Mayweather agreed not to promote any securities, digital or otherwise, for three years, and Khaled agreed to a similar ban for two years. Mayweather also agreed to continue to cooperate with the investigation.
Crypto exchange giant Coinbase announced yesterday that its Coinbase Pro platform was launching trading for Zcash (ZEC). The launch of the privacy-focused coin began with 12 hours of deposits before trading became fully active.
Tech giant Intel Corporation (NasdaqGS:INTC) has filed a patent for "energy-efficient high-performance Bitcoin mining", according to a U.S. Patent and Trademark Office (USPTO) application posted on November 27. The posting describes the patent as a "hardware accelerator" that will "eliminate the need for recursive rounds of computations of these parameters and reduce the overall circuit area and power consumption by about 15%."
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/
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
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