#CryptoCorner: Binance Coin Surges Following Fetch.AI Announcement, Coinsquare Lays Off One Third of Staff, Kraken Valued at $4 Billion Following Acquisition and Philippines Announce Regulatory Framework
February 6th #CryptoCorner and Podcast sponsored by Crypto payment tech, #Flip @FlipToPay ($NXTD) and Genesis Exchange and Wallet App @GenesisBlockch
Point Roberts, WA and Delta, BC - February 6, 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.
Listen to today's Crypto Corner Podcast:
#CryptoCorner: Binance Coin Surges Following Fetch.AI Announcement, Coinsquare Lays Off One Third of Staff, Kraken Valued at $4 Billion Following Acquisition
Get the Crypto Corner Podcast on iTunes
Subscribe to Podcast RSS feed:
Binance Coin Surges Following Fetch.AI Announcement, Coinsquare Lays Off One Third of Staff, Kraken Valued at $4 Billion Following Acquisition and Philippines Announce Regulatory Framework
The top 100 coins listed by capitalization on CoinMarketCap are almost all in the red today as the crypto market slides further into a downtrend. Total market capitalization is sitting at $111.5 billion USD at press time. Bitcoin (BTC), which accounts for nearly 54 percent of market dominance, is trading for $3410, and is trailed, as usual, by XRP and Ether (ETH), which are trading for $0.29 and $103, respectively.
A light in all of this darkness is Binance Coin (BNB) which has surged almost 14 percent in the last 24 hours. A reason for this could be the recent announcement of the company's Fetch.AI project, which:
"...brings together machine learning, artificial intelligence, multi-agent systems and decentralized ledger technology to create an economic internet — an environment where digital representatives of the economy's moving parts (such as data, hardware, services, people and infrastructure) can get useful work done through effective introductions and predictions."
The Fetch.AI token sale will begin on February 25.
With the bear market persisting, Canadian crypto exchange Coinsquare has had to lay off 40 employees, or a third of their total staff, according to CCN. Coinsquare's head of talent Martin Hauck wrote on LinkedIn:
The ever-evolving digital currency/cryptocurrency space has been volatile and unpredictable. Many similar companies in our industry have had to make some tough choices in recent months and Coinsquare has had to as well. The company has made the decision to part ways with a number of talented members of the Coinsquare team. All of which have made their own impact and contribution to our success so far, for which we are extremely grateful for.
Bitcoin Exchange Guide reports that Kraken has joined Coinbase and Binance as one of the top three crypto exchanges after having achieved a valuation of $4 billion. This comes after Kraken acquired crypto futures broker Crypto Facilities for $100 million.
The Philippines has issued a new regulatory framework for Digital Asset Token Offering (DATO), according to a press release from the Asian Blockchain and Crypto Association (ABACA). Prospective offerings must have proper offering documents with relevant details on the issuer, project, and accompanying advice and certification of experts and digital asset Agents. Additionally, tokens must be listed on the licensed Offshore Virtual Currency Exchange (OVCE) and stakeholders must also have confirmed arrangements with accredited wallet providers and custodians. Sec. Raul Lambino, administrator and CEO of the Cagayan Economic Zone Authority (CEZA), the principal regulatory authority, said:
"It is our goal to provide a clear set of rules and guidelines that will foster innovation yet ensure proper compliance by actors in the ecosystem. It is our hope that these set of regulatory innovations will take the digital asset sector one step closer to adoption and acceptance by institutions and the traditional financial system."
Sam Mowers, Investorideas
Read other editions of the Crypto Corner
Get the Crypto Corner News by email Get Crypto Corner News
Crypto Corner Sponsors:
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
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
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:
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/
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
Learn more about sponsoring the crypto corner and other branded content
Learn more about our news, PR and social media services at Investorideas.com
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