#CryptoCorner: #Bitcoin Eyes $4K As Market Rallies, #Coinbase Acquires Neutrino
Crypto payment tech, #Flip @FlipToPay ($NXTD) and Genesis Exchange and Wallet App @GenesisBlockch Sponsor February 19th Podcast
Point Roberts, WA and Delta, BC - February 19, 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: #Bitcoin Eyes $4K As Market Rallies
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Bitcoin Eyes $4K As Market Rallies, Bitmain Reports $500 Million Loss Amid IPO Consideration, Coinbase Acquires Neutrino, Germany Consults Blockchain Space and Seoul Plans Over $1 Billion in Blockchain and Fintech Investment by 2022
The crypto market began to rally on Sunday and has not showed signs of slowing yet. At press time, total market cap is sitting at about $135 billion USD, according to data from CoinMarketCap. This is up $15 billion from a market cap of $120 billion, where it had more or less been sitting for just over a week. Bitcoin (BTC) is trading for just under $4000, a level not seen since early January of this year. Following, in terms of market cap, are Ether (ETH) and XRP, which are trading for $148 and $0.34 at press time, respectively.
CoinDesk reports that crypto mining giant Bitmain has posted a loss of $500 million for the third quarter of 2018. The information was revealed in a recent update submitted to the Hong Kong Stock Exchange (HKEx). Bitmain is currently awaiting approval for an IPO application submitted to the exchange in September 2018.
Crypto exchange giant Coinbase announced in a blog post today that they have acquired blockchain intelligence platform Neutrino. An excerpt from the post explains how Neutrino will be an asset to Coinbase:
Blockchain intelligence is increasingly important in the crypto ecosystem, and is necessary to achieve our mission of bringing the open financial system to the world. By analyzing data on public blockchains, Neutrino will help us prevent theft of funds from peoples' accounts, investigate ransomware attacks, and identify bad actors. It will also help us bring more cryptocurrencies and features to more people while helping ensure compliance with local laws and regulations.
Reuters reports that Germany is consulting companies and industry groups about blockchain. Being the biggest economy in Europe, Germany has some 170 or so startup companies that employ blockchain technology in some form. Such companies have been invited by the state to offer input with regard to a potential future legal framework for the technology.
South Korea's Seoul Metropolitan Government has announced plans for over $1 billion of investment into startups in the blockchain and fintech space by 2022, according to an official announcement. Loosely translated, the document states that 1.2 trillion won ($1.06 billion USD) from the Seoul Innovation Growth Fund will be invested in Series A funding rounds for such startups.
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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