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#CryptoCorner: #Blockchain #Stocks Rise Alongside Crypto Rally, BitGo Announces Digital Asset Insurance Through Lloyd's

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 20, 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: #Blockchain #Stocks Rise Alongside Crypto Rally, BitGo Announces Digital Asset Insurance Through Lloyd's

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Crypto Corner

Blockchain Stocks Rise Alongside Crypto Rally, BitGo Announces Digital Asset Insurance Through Lloyd’s, SEC Reviewing Two Different Bitcoin ETFs and Wyoming Passes Three Crypto Bills

Stocks discussed: (NasdaqCM:NXTD) (TSXV:HIVE) (NasdaqCM:MARA) (NasdaqCM:RIOT)

In tandem with yesterday's rally in the crypto market, many crypto and blockchain stocks showed a similar surge, exhibiting higher prices and above average trading volumes. NXT-ID, Inc. (NasdaqCM:NXTD) had grown 13.3 percent, reaching a trading price of $1.32 and a volume of nearly 1.5 million when markets closed. Hive Blockchain Technologies Ltd. (TSXV:HIVE) grew 19.51 percent, reaching a trading price of $0.08 and a volume of nearly 3.5 million. Marathon Patent Group, Inc. (NasdaqCM:MARA) grew 36.43 percent, reaching $0.73 per share and a volume of 5.4 million. And Riot Blockchain, Inc. (NasdaqCM:RIOT) grew 34.82 percent, reaching a trading price of $3.33 and a volume of 20 million when markets closed. Riot has continued its growth into this morning with a trading price of $3.86 at press time.

Digital financial services provider, BitGo, has announced that it will offer comprehensive insurance protections for cryptos and digital assets through Lloyd's of London. The press release indicates that assets held by BitGo, Inc. or BitGo Trust Company will be insured through Lloyd's for up to $100 million USD. BitGo CEO Mike Belshe said:

"This is the most complete insurance offering in the industry. It is not always easy for some clients to understand under what circumstances their investments are insured and to what extent their loss would be covered. We are changing that by being more transparent than any other company about the terms of our coverage. Transparency and accuracy is essential for building trust in the market."

CoinDesk reports that the U.S. Securities and Exchange Commission (SEC) is currently reviewing two different Bitcoin ETF proposals. The VanEck/SolidX proposal filed with Cboe BZX Exchange and a proposal from Bitwise Asset Management with NYSE Arca are both being considered. Matt Hougan, Bitwise global head of research told CoinDesk:

"A little more than year ago, we didn't have futures. A year ago we didn't have nearly as many firms making markets. A few months ago, you didn't have folks like Fidelity announced in the space. It's evolving really, really quickly."

The U.S. state of Wyoming has passed three separate bills relating to blockchain and crypto in the past week. Bill SF0125, signed yesterday, classifies digital assets within existing property laws and clarifies how financial institutions can work with crypto. Additionally, passed on Friday, Bill HB0185 deals with the issuance of tokens while Bill HB0074 addresses the role of banks in the crypto space.

Sam Mowers, Investorideas

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Investorideas.com - 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. https://www.fliptopay.com/

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