CryptoCorner: Market Tumbles but BTC Holding $8K, Binance Releases Trust Wallet on DEX, Amero-Isatek to Open 8 Exchanges in Mexico and Israeli Supreme Court Rules in Favour of Crypto Exchange
Point Roberts, WA and Delta, BC - June 4, 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 Tumbles but BTC Holding $8K, Binance Releases Trust Wallet on DEX, Amero-Isatek to Open 8 Exchanges in Mexico and Israeli Supreme Court Rules in Favour of Crypto Exchange
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The crypto market took a tumble yesterday, dropping from a total market cap of roughly $275 billion USD to a low of $249 billion early this morning, according to data from CoinMarketCap. As a result, most of the top 100 coins listed by market cap are in the red today. Bitcoin (BTC) dropped as low as $7,865 but has since recovered its $8,000 support level, which is what it is trading for at press time. Ether (ETH) and XRP remain the two biggest altcoins, with 24-hour losses of 4.25 and 5.8 percent, respectively.
Crypto exchange giant Binance has released its Trust Wallet on its decentralized platform Binance DEX, according to a press release shared with Cointelegraph. Trust Wallet is an open source, decentralized wallet that initially offered native support for Ethereum (ETH) and ETH-based tokens, and was originally acquired by Binance in the summer of 2018. In addition to its functioning as a wallet, it allows users to access decentralized apps (dApps) on either the mobile or desktop version.
CoinDesk reports that blockchain firm Amero-Isatek plans to open eight physical cryptocurrency exchanges in Mexico, beginning with one in Nuevo León, Monterrey, on June 21. Users will trade using the company's own cryptocurrency, Amero, which will launch along with the Monterrey location. The firm expects to reach a clientele of 800,000 people with these plans.
Finance Magnates reports that the Israeli Supreme Court has ruled in favour of crypto exchange Bits of Gold, allowing the latter to continue enjoying service from Bank Leumi. Originally, the bank had restricted service to the exchange, citing concerns with regulatory compliance. Bits of Gold CEO Yuval Roash said:
"This is an exciting moment for us as a company and for the [cryptocurrency] community in general. We worked hard to set up a company which met regulatory requirements, in a new industry, and those efforts paid off. I am proud to be a part of this flourishing industry and push it towards the right regulation."
Sam Mowers, Investorideas
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