Share on StockTwits
Join our smart investors - Get the best stock directories in  blockchain, cannabis, crypto, AI, IoT, cleantech. Daily podcasts in cannabis and crpto. Just $99  a year

#CryptoCorner: BTC Breaks $9K Over Green Weekend, Over 1 Million Daily Active Addresses for BTC, Russia Considering CBDC and OKCoin Partners With Simplex

 

Point Roberts, WA and Delta, BC - June 17, 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:

https://www.investorideas.com/Audio/Podcasts/2019/061719-CryptoMarket.mp3

#CryptoCorner: BTC Breaks $9K Over Green Weekend, Over 1 Million Daily Active Addresses for BTC, Russia Considering CBDC and OKCoin Partners With Simplex

Get the Crypto Corner Podcast on iTunes

Subscribe to Podcast RSS feed:
https://www.investorideas.com/rss/feeds/Podcasts-Crypto.xml

Crypto Corner

Stocks discussed: (NasdaqGS:FB)

The crypto market enjoyed a fairly steady incline over the weekend, beginning with a total market cap of around $263 billion USD on Friday and rising to roughy $289 billion at press time, according to data from CoinMarketCap. Bitcoin (BTC) has surged over $1,000 in that same period, growing from under $8,300 on Friday to a present trading price of over $9,300 and a market cap of $166 billion. Leading the altcoins, as usual, are Ether (ETH) and XRP with market caps of $29 billion and $18 billion, respectively.

A piece on CoinDesk identifies the three major factors in this bull run as: the hype around Facebook's (NasdaqGS:FB) launching of GlobalCoin tomorrow (Tuesday), which has garnered considerable institutional support. A sell-off of exchange giant Binance.com's native currency Binance Coin (BNB) as a result of the company's barring of U.S. customers and Litecoin's (LTC) impending 'halving', which "will cut the reward gained from mining the cryptocurrency by half" – are both highlighted as reasons for the green market.

Accompanying this bull run is the fact that Bitcoin once again has over one million daily active addresses, according to data from CoinMetrics.io. Bitcoin first reached this milestone in November 2017. Tech writer Kevin Rooke compared that occasion with the current situation in a tweet:

When Bitcoin first broke 1 million active addresses (Nov 27, 2017), 1 BTC was $9,352 and the median tx fee was $3.23.

Yesterday 1 BTC was $8,230 and the median tx fee was $1.33.

Russia's central bank is considering the launch of its own digital currency, according to state-backed outlet TASS. Bank of Russia head Elvira Nabiullina said:

"Indeed, the Central Bank Digital Currency cannot be realized immediately, however many central banks, including the Russian Central Bank, are exploring this possibility."

She went on to explain that trends indicate the digitalization of money and that CBDC's enable greater privacy:

"If we look, some countries have really become almost non-cash, but in many countries cash is still in great demand. It's not so much because people want to perform some dubious operations. People often value their privacy, anonymity."

Cointelegraph reports that fiat-to-crypto exchange OKCoin has formed a partnership with fintech firm Simplex to allow USD deposits for users outside Europe, China and the U.S. using debit and credit cards. According to the piece, "Simplex leverages AI and proprietary detection algorithms to analyze transactions and mitigate the risks of fraudulent card payments".

Sam Mowers, Investorideas

Read other editions of the Crypto Corner

Get the Crypto Corner News by email Get Crypto Corner News

Crypto Corner Sponsors:

Investorideas.com - NXT-ID Inc. (NASDAQ: NXTD) Subsidiary Fit Pay Flip

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

Order Flip



Investorideas.com - GBT Genesis Blockchain Technologies

Genesis Exchange and Wallet App by Genesis Blockchain Technologies (GBT)

@GenesisBlockch

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 Crypto Corner is part of the Investor Ideas Membership content

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:

https://www.investorideas.com/Audio/

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

Global investors must adhere to regulations of each country. Please read Investorideas.com privacy policy: https://www.investorideas.com/About/Private_Policy.asp

Cryptocurrency Disclaimer

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

https://www.investorideas.com/Investors/Services.asp

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

Contact Investorideas.com

800-665-0411


Get more Bitcoin and Blockchain Investor ideas - news, articles, podcasts and stock directories