#CryptoCorner: Canaan Eyeing US IPO After Shelving HKEX Plans, India's Central Bank Decides Against CBDC, Crypto May Become Legal in India and Coinbase Suspends ETC After Reorganizations
January 8th #CryptoCorner and Podcast sponsored by Crypto payment tech, #Flip @FlipToPay ($NXTD) and Genesis Exchange and Wallet App @GenesisBlockch
Point Roberts, WA and Delta, BC - January 8, 2019 (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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#CryptoCorner: Canaan Eyeing US #IPO After Shelving HKEX Plans, India's Central Bank Decides Against CBDC, #Crypto May Become Legal in India
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Canaan Eyeing US IPO After Shelving HKEX Plans, India's Central Bank Decides Against CBDC, Crypto May Become Legal in India and Coinbase Suspends ETC After Reorganizations
After shelving plans for an initial public offering on the Hong Kong (HKEX), China's second-biggest bitcoin mining manufacturer Canaan Inc. may be considering a U.S. listing, Bloomberg reports. According to unnamed sources familiar with the matter, Canaan "is discussing the possibility of selling shares in New York as soon as the first half". The company reported $191 million USD in revenue for 2017.
The Hindu Business Line reports that India's central bank, the Reserve Bank of India (RBI), has decided against launching a central bank digital currency (CBDC). Unnamed sources in the article claim that the government "doesn't want the digital currency any more" and that "it thinks it is too early to even think about a digital currency." Praveen Kumar, founder of cryptocurrency exchange and blockchain start-up Belfrics, said:
"It is premature for RBI to launch crypto-rupee, as more understanding of the crypto economy need to be achieved. It is a right decision to delay the process and see how the publicly traded peer-to-peer economy is shaping up."
Elsewhere, however, the New Indian Express reports that cryptocurrency appears to be on its way to being legalized. A second interdisciplinary committee set up by the government is in favour of legalization, according to a senior official.
"We have already had two meetings. There is a general consensus that cryptocurrency cannot be dismissed as completely illegal. It needs to be legalised with strong riders. Deliberations are on. We will have more clarity soon."
According to a blog post on Medium yesterday, crypto exchange giant Coinbase has "paused interaction" with the Ethereum Classic (ETC) blockchain. This follows reorganizations detected on the blockchain which included a double spend. Coinbase Security Engineer Mark Nesbitt concluded the post with the following:
"The Coinbase team is currently evaluating the safety of re-enabling sends and receives of Ethereum Classic and will communicate to our customers what to expect regarding support for ETC. Coinbase takes security very seriously. As part of that commitment, we monitor blockchains for activity that could be harmful to our customers and take prompt action to safeguard funds. We want to emphasize to customers that Coinbase strives to be the most trusted and safest place to buy, sell, or store cryptocurrency."
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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