Get great ideas from our AI, cannabis, cleantech, crypto, esports and mining podcasts - be a guest or sponsor : 800 665 0411

Share on StockTwits

#CryptoCorner: 2/3 of South Korean Exchanges Fail Gov’t Security Audit, Sharespost Executes First Secondary Securities Transaction on Blockchain and Mining Giant Bitmain to Appoint New CEO

January 10th #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 10, 2019 ( Newswire), 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:

#CryptoCorner: 2/3 of South Korean Exchanges Fail Gov't Security Audit, Sharespost Executes First Secondary Securities Transaction on Blockchain

Get the Crypto Corner Podcast on iTunes

Subscribe to Podcast RSS feed:

Crypto Corner

Market Sees Red, 2/3 of South Korean Exchanges Fail Gov’t Security Audit, Sharespost Executes First Secondary Securities Transaction on Blockchain and Mining Giant Bitmain to Appoint New CEO

After having hovered around a market cap of $135 billion USD since Sunday (Jan 5), the crypto market has fallen suddenly this morning. At press time, total market capitalization is down to $123.5 billion, according to CoinMarketCap, a loss of over $10 billion overnight. Bitcoin (BTC) has once again lost its $4000 support level and is currently trading for $3700, a loss of about 8.3 percent. Following Bitcoin, XRP is back as the top altcoin, but has also lost about 10 percent of its value in the last 24 hours. Hit even harder were Ether (ETH) and Bitcoin Cash (BCH), which have each lost about 15 percent of their market cap in the past day.

A report from CoinDesk indicates that only one third of crypto exchanges in South Korea passed a recent government security audit. Between September and December of 2018, 21 exchanges were inspected by the country's Ministry of Science and ICT, the Korea Internet & Security Agency and the Ministry of Economy and Finance. Only seven of these - Upbit, Bithumb, Gopax, Korbit, Coinone, Hanbitco, and Huobi Korea - passed the test which looked at 85 different security aspects.

Also from CoinDesk today: Registered broker-dealer and investment advisor, Sharespost, has successfully executed its first secondary transaction with BCAP tokens issued by Blockchain Capital. This proof-of-concept transaction demonstrates the first alternative trading system (ATS) trading securities on a blockchain. SharesPost Digital Asset Group CEO John Wu explained the milestone transaction:

"This was a small trade, it's like a pilot program, we're running the water through the pipes to make sure. To our knowledge, this was the first trade of digital securities by an Alternative Trading System and broker dealer in which the ATS custodied the digital securities. This clears the path for companies to do compliant STO's in the U.S. and provide their investors with secondary liquidity."

The South China Morning Post reports that Bitmain, the world's leading crypto mining firm, may be looking to appoint a new CEO. While no timetable for succession has been announced, sources indicate that product engineering direct Wang Haichao will replace company co-founders Wu Jihan and Zhan Ketuan. Wu and Zhan will remain as company co-chairs following the succession. Meanwhile, Bitmain is still waiting for approval after applying for an IPO with the Hong Kong Stock Exchange (HKEX) in September 2018.

Sam Mowers, Investorideas

Read other editions of the Crypto Corner

Get the Crypto Corner News by email Get Crypto Corner News

Crypto Corner Sponsors: - 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.

Order Flip - GBT Genesis Blockchain Technologies

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

More info on the sector:

Investor Ideas is positioning as a leader in blockchain and crypto content with its Bitcoin and Blockchain portals, and

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

About - News that Inspires Big Investing Ideas About - News that Inspires Big Investing Ideas 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 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. 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 podcasts are also available on iTunes, Spotify, Tunein, Stitcher,, iHeartRadio and Google Play Music.

Visit the Podcast page at

Disclaimer/Disclosure: 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: Disclosure: this newsletter and podcast is sponsored content by featured companies NXt-ID (NASDAQ: NXTD) on behalf of Flip and GBT Technologies . More info: Learn more about Investor ideas podcast and news publication services and costs

Cryptocurrency Disclaimer news content is not meant to be a solicitation to buy or sell cryptocurrencies and 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 content brand

Please read privacy policy:

Learn more about sponsoring the crypto corner and other branded content

Learn more about our news, PR and social media services at

Follow us on Twitter

Follow us on Facebook

Follow us on YouTube