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

Crypto Corner: Cumberland Korea CEO Urges South Korean Gov't to Consider Examples of Institutional Investors, Coinone Launches Remittance App Utilizing Ripple's xCurrent

December 11th #CryptoCorner and Podcast sponsored by Crypto payment tech, #Flip @FlipToPay ($NXTD) and Genesis Exchange and Wallet App @GenesisBlockch

 

Point Roberts, WA and Delta, BC - December 11, 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.

Listen to today's Crypto Corner Podcast:

https://www.investorideas.com/Audio/Podcasts/2018/121118-CryptoMarket.mp3

Crypto Corner: Cumberland Korea CEO Urges South Korean Gov't to Consider Examples of Institutional Investors, Coinone Launches Remittance App Utilizing Ripple's xCurrent

Get the Crypto Corner Podcast on iTunes

Subscribe to Podcast RSS feed:

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

Crypto Corner

Cumberland Korea CEO Urges South Korean Gov't to Consider Examples of Institutional Investors, Coinone Launches Remittance App Utilizing Ripple's xCurrent, Japanese Congressman Pushes for Crypto Tax Reform and UK MP Advocates Tax Payment with Bitcoin

The crypto market continues to sink as we open the day with a total market cap of just $107 billion USD, according to CoinMarketCap. Virtually all of the top 100 coins listed by market cap are in the red today. Bitcoin (BTC) currently holds a 55 percent market dominance and is trading for about $3400. Trailing behind in market cap are XRP, Ether (ETH) and Stellar (XLM), which are trading for $0.30, $88 and $0.11, respectively.

Hong Joon-ki, CEO of OTC exchange Cumberland Korea, urged South Korean government officials to consider the example set by Nasdaq and Fidelity in "working to strengthen the infrastructure around cryptocurrencies", according to a report from CCN. At an official meeting between the five biggest crypto exchanges in the country and the government, Hong said:

"Financial institutions in South Korea must seriously consider the cryptocurrency market and the government has to encourage financial institutions to serve cryptocurrency investors."

Also in South Korea, crypto exchange Coinone has launched a remittance app called Cross, according to a report from CoinDesk. The app, which will be officially deployed by Coinone's payments subsidiary Coinone Transfer, utilizes Ripple's xCurrent to allow fast cross-border payments.

Japanese congressman Takeshi Fujimaki proposed changes to tax policy surrounding cryptocurrencies to "encourage the development of blockchain technology", according to a recent statement. He proposed the following four changes to help foster growth in the blockchain and crypto space: Reduce crypto gains tax from 55 percent to 20 percent, allow the carrying forward of losses across quarters until cashed out, exemption of taxing crypto to crypto trading and exemption of taxing small crypto transactions.

In the UK, Conservative MP Eddie Hughes is pushing for the ability for citizens to pay taxes with Bitcoin, according to the Daily Telegraph. Hughes, who describes himself as a "crypto enthusiast with amateur knowledge", said:

"You're either ahead of the curve or you're behind the curve, and our country is in an interesting position right now - we need to be seen as a progressive country.

"We are at a crossroads and we're about to determine our future - one in which taking the lead in this field could prove very beneficial."

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)

@GenesisBlockch

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 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 AI Eye Podcast and column covering developments in AI. 

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