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#CryptoCorner: Market Turns Green, Crypto Browser Brave Hits 20 Million Downloads

March 5th #CryptoCorner sponsored by Crypto payment tech, #Flip @FlipToPay ($NXTD) and Genesis Exchange and Wallet App @GenesisBlockch

 

Point Roberts, WA and Delta, BC - March 5, 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: Market Turns Green, Crypto Browser Brave Hits 20 Million Downloads

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Crypto Corner

Market Turns Green, Crypto Browser Brave Hits 20 Million Downloads, Mining Revenue Returning, Starbucks and Bakkt Might See Indirect Crypto Transactions and Bahrain Courts Indian Fintech Firms

Stocks discussed: (NasdaqGS:SBUX)

The crypto market seems to have shaken off the slump which began on Sunday night and carried through most of yesterday. At press time, total market capitalization has rallied around $7 billion from the yesterday's bottom of $125 billion to its present value of nearly $133 billion, according to data from CoinMarketCap. Consequently most of the top listed coins by market cap are in the green with Bitcoin (BTC), Ether (ETH) and XRP growing 3.5, 8.2 and 3.5 percent, respectively. More impressive, however, were EOS, Litecoin (LTC) and Binance Coin (BNB), which grew 16, 15.4 and 17.6 percent, respectively.

Blockchain-based web browser app Brave has now reached 20 million downloads, according to data from AppBrain. This volume puts the app in the top one percent of downloads for Android apps. Brave represents an important alternative to established browsers as it pays users for viewing ads in an opt-in/opt-out basis with its native cryptocurrency Basic Attention Token (BAT).

According to industry outlet Diar, Bitcoin mining revenues are beginning to show signs of recovery. The space experienced a 19-month low last month, with under $195 million in revenue generated. To contrast, the report points out that at the market peak in December 2017, revenue from fees alone generated more than $295 million. Looking forward, the report said:

"With gross margins now having a little more breathing room, it is likely that mining operations will increase capital expenditure on the latest mining equipment in order to stay ahead."

Cointelegraph reports that Starbucks (NasdaqGS:SBUX) may end up accepting cryptocurrencies indirectly through its partnership with crypto platform Bakkt. Citing information from The Block, the report said:

"Starbucks will wait to activate the crypto-fiat coffee purchase abilities until after Bakkt's platform has launched and shown a capacity for holding and storing crypto."

The Economic Times reports that Bahrain, in an effort to establish itself as a Middle East tech hub, has invited Indian fintech firms into the region for opportunities for "for open banking, blockchain, crypto assets, robo advisory and remittances." Dalal Buheiji, senior manager at Bahrain's Economic Development Board (EDB) called India a key market. She also spoke of an EDB "roadshow" in Mumbai for December that would "attract fintech companies".

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/

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