CryptoCorner: BTC Breaks $8K, XRP Rockets 28%, Samsung to Extend Blockchain and Crypto Services to Budget Galaxy Phones and HTC Announces ERC-20 Swaps on Native Wallet
Point Roberts, WA and Delta, BC - May 14, 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 Breaks $8K, XRP Rockets 28%, Samsung to Extend Blockchain and Crypto Services to Budget Galaxy Phones
Subscribe to Podcast RSS feed:
Stocks discussed: (KSE:005930) (TWSE:2498)
When we left off on yesterday's episode of Crypto Corner, Bitcoin (BTC) was trading for about $7750, according to data from CoinMarketCap. Since then it has broken past $8000 and is trading for $8050 at press time, after peaking around $8265 earlier today.
But even though Bitcoin still holds a near 60 percent market dominance, its 6.5 percent 24-hour growth is dwarfed by XRP, which boasts a gain of 28 percent in the last day. This is possibly a result of yesterday's news, also featured in Crypto Corner, of German stock exchange Boerse Stuttgart launching an XRP exchange-traded note. Additionally, crypto exchange giant Coinbase tweeted that XRP was now available for trading for users in New York.
Commentary from Ben Waters, Head of International Markets at blockchain platform IOST, outlines some background for the current bull run we're seeing:
There are multiple factors contributing to the latest bitcoin price surge that are based on bitcoin's strong fundamentals and recent market-moving news. Back in November 2018, a number of events including the Bitcoin Cash "hash war" flooded the market with an increased supply of bitcoin at a time when there was little interest in cryptocurrencies, driving down the price down from $6,000 to $3,000. At this point, the price of bitcoin to many was undervalued, resulting in smart money taking advantage of the dip and entering the crypto market. In the past three to four months, we have also seen institutional players such as Bakkt and Fidelity Investments make significant traction in the space, further indicating mainstream acceptance and legitimizing of crypto as a burgeoning asset class. During that time, many of the popular crypto projects that have survived through crypto winter are finally materializing.
More recently, investors are looking at bitcoin as a way to diversify their portfolios against the volatile equities market, which is currently being exacerbated by geopolitical tensions such as the U.S.-China trade wars. In addition, yesterday saw a flurry of bullish news, including Microsoft deploying an identity network on the Bitcoin Blockchain, Bakkt set to launch BTC settled futures contracts with custodial solutions next week, Wholefoods and Starbucks now accepting Bitcoin, and rumours of Ebay moving into the space. With record daily transactions, trading volume, low fees and continued development including Lightning network and segwit adoption, Bitcoin's fundamentals are stronger than ever. Bitcoin is now back on the radar of savvy investors and the crypto asset class may just be getting started.
Business Korea reports that Samsung (KSE:005930) will expand its crypto and blockchain functions to their budget line of Galaxy phones. These features were previously only available on the recently launched Galaxy S10. Chae Won-cheol, senior managing director of the Product Strategy Team at Samsung Electronics' Wireless Business Division, said:
"We will lower barriers to new experiences by gradually expanding the number of Galaxy models that support blockchain functions. We will also expand our service target countries after Korea, the United States and Canada. "
Cointelegraph reports that the Exodus 1 smartphone from HTC (TWSE:2498) will allow users to directly swap between Ethereum (ETH)-based ERC-20 tokens supported on the phone's native wallet. This will be achieved through a partnership with cross-token trading platform Kyber Network.
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