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Crypto Corner: Market Rallies with #BCH Rocketing 30%, #Binance Launches Charity for Youth in Malta

December 19th #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 19, 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 Rallies with #BCH Rocketing 30%, #Binance Launches Charity for Youth in Malta

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Crypto Corner

Market Rallies Further with BCH Rocketing 30%, Hacked Japanese Exchange Coincheck Receives FSA License, Swiss Federal Council Chooses Minimal Regulation for Blockchain and Binance Launches Charity for Youth in Malta

The market is continuing its recovery that began Monday as total market capitalization has increased by another $10 billion USD since yesterday. This puts the total market cap at $124.5 billion at press time, according to CoinMarketCap. All but six of the top 100 coins listed by market cap are in the green today. Bitcoin (BTC) is trading for $3825 with a 24-hour gain of 7.4 percent. Following behind once again are XRP, Ether (ETH) and EOS, trading for $0.37, $105 and $2.58, respectively. And Bitcoin Cash (BCH), which has lost much of its market cap in recent weeks, saw a stunning increase of 32 percent in the last day and is trading for $129.

Nikkei Asian Review reports that Japanese crypto exchange Coincheck, which was hacked for $511 million last January, has been approved for official licensing from the country's Financial Services Agency (FSA). Coincheck is now owned by Monex Group and has taken measures to improve the security of its transactions and business operations. There are currently almost 200 businesses waiting for FSA approval.

CCN reports that Switzerland's Federal Council has decided on a minimal legal framework with regard to blockchain technology. Areas that are targeted for adjustment include banking law, civil law, insolvency law, and anti-money laundering law. The article quotes from a report:

The Federal Council currently sees no fundamental issues regarding financial market law that specifically concern blockchain/DLT-based applications and would require fundamental adjustments. Swiss financial market law is generally technology-neutral and able to deal with new technologies.

The Binance Charity Foundation (BCF), a philanthropic arm of the crypto exchange giant, has launched a new blockchain-powered donation platform for sick and disadvantaged youth in Malta, according to Cointelegraph. Binance itself has contributed $100,000 USD to the fund, which covers medical assistance, advisory services, financing, social assistance and care packages.

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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