CryptoCorner: BTC Rallies to $7500 with Record Trading Volume, Binance to Re-open Tomorrow, Boerse Stuttgart Lists XRP and LTC ETNs
Point Roberts, WA and Delta, BC - May 13, 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: #BTC Rallies to $7500 with Record Trading Volume, Binance to Re-open Tomorrow, Boerse Stuttgart Lists XRP and LTC ETNs and HTC Announces Full Node Blockchain Smartphone
Subscribe to Podcast RSS feed:
Stocks discussed: (TWSE:2498)
As we enter a new week total market capitalization sits at $229 billion USD, according to data from CoinMarketCap. That's a full $37 billion more than when we left off on Friday's Crypto Corner. This of course follows a rollercoaster weekend, in which we saw a dramatic return of the Bitcoin (BTC) bull market. After a steady climb, Bitcoin broke the $6000 support level on Wednesday, only to skyrocket to a peak of just under $7500 late Saturday. Currently, Bitcoin is trading for $7750 with a market cap of $137 billion, comprising 59 percent of the total crypto market. This rally was accompanied by a record high in trading volume for Bitcoin set on Sunday, May 12. Blockfyre founder Jonathan Habicht tweeted:
$29 Billion in $BTC volume was traded today. The previous high of $25.5 billion was set on Jan 8, 2018.
Technically more BTC could have been moved as prices have historically been lower. But today was record volume.
This all occurred despite the biggest crypto exchange by trading volume, Binance, being shut down following a hack on May 7. In a blog post yesterday, however, Binance CEO Changpeng Zhao (CZ) confirmed that the exchange will open back up for withdrawals and deposits tomorrow:
Our team is making progress and has been working through the weekend. In the past few days, we have made some significant overhauls to our system, with a large number of advanced security features added and/or completely re-architected. We will share details on some of the changes later.
We aim to fully resume deposits and withdrawals on Tuesday. The time will be communicated at a later stage, depending on how the testing goes. This upgrade will require a trading halt. We will update you again tomorrow.
CoinDesk reports that Boerse Stuttgart, Germany's second-largest stock exchange, has listed two exchange-traded notes (ETNs) allowing XRP and Litecoin (LTC) to be traded against the Swedish Krona (SEK) and the Euro (EUR). Jürgen Dietrich, Boerse Stuttgart's director for blue chips & funds trading, said "There is a lot of interest in cryptocurrencies", and that these ETNs will enable tracking of "future price developments".
Cointelegraph reports that Taiwanese electronics giant HTC (TWSE:2498) has announced a smartphone with Bitcoin full node capability. The Exodus 1S will be released at the end of Q3 this year, and develops on the company's first generation smartphone, the Exodus 1. Phil Chen, decentralized chief officer at HTC, said:
"Full nodes are the most important ingredient in the resilience of the Bitcoin network and we have lowered the barrier to entry for any person to run a node, [...] participating in a global bitcoin network that propagates transactions and blocks everywhere."
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 PlatformTM, 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
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 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 investing involves risk and possible losses. This site is currently compensated for news publication and distribution, social media and marketing, content creation and more. 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. 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
Contact management and IR of each company directly regarding specific questions.
More disclaimer info: https://www.investorideas.com/About/Disclaimer.asp Learn more about publishing your news release and our other news services on the Investorideas.com newswire https://www.investorideas.com/News-Upload/ and tickertagstocknews.com
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 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