#CryptoCorner: Only 2% of U.S. Adults Polled Trust Libra (NASDAQ: $FB) More Than Bitcoin, Ripple Sold Over $250 Million of XRP in Q2, TD Ameritrade (NASDAQ: $AMTD) CEO Says Investor Interest in Bitcoin is Rising
Point Roberts, WA and Delta, BC - July 25, 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: Only 2% of U.S. Adults Polled Trust Libra (NASDAQ: $FB) More Than Bitcoin, #Ripple Sold Over $250 Million of XRP in Q2, TD Ameritrade (NASDAQ: $AMTD) CEO Says Investor Interest in #Bitcoin is Rising
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Stocks discussed: (NasdaqGS:FB) (NasdaqGS:AMTD)
A report published by CivicScience indicates that Americans are largely uninterested in Facebook's (NasdaqGS:FB) Libra cryptocurrency, and most of them trust Bitcoin (BTC) more. Citing a survey of 1,799 adults in the U.S., the piece found that only 5 percent of them had any interest in Libra, with 86 percent claiming to be "Not at all interested". Furthermore, when compared to Bitcoin and other similar cryptocurrencies, a mere 2 percent claimed to trust Libra more.
According to its Q2 2019 report, Ripple sold some $251.51 million USD worth of XRP in the second quarter this year. The total sales represent a growth of 122.86 percent over Q1 and comprises $106.87 million in institutional direct sales and $144.64 million in programmatic sales. An excerpt from the report describes how Ripple plans to calibrate its institutional sales of XRP moving forward:
Ripple decided to pull back from providing XRP over-the-counter at scale toward the end of Q2, in light of the OTC desks' ability to source institutional demand for XRP in the open markets. Going forward, Ripple plans to focus institutional sales on markets where the on-exchange liquidity for XRP is insufficient to meet institutional demand.
In an interview with The Street, outgoing CEO of online brokerage firm TD Ameritrade (NasdaqGS:AMTD), Tim Hockey, said that interest from investors in Bitcoin is on the rise in the wake of the price rebound and the announcement of Libra. Hockey said that his own firm is taking a "crawl, walk, run approach" to the crypto market.
"There is a lot of regulatory scrutiny, whether it be for Libra or crypto generally. We would like to be able to participate, but we want to be comfortable with the risk to our clients and ourselves in a world where crypto has still got lots of debate about a number of items that we're all hearing about."
U.S. presidential candidate Andrew Yang can accept campaign donations in bitcoin, thanks to the formation of a crypto-friendly super PAC called Humanity Forward Fund yesterday. The PAC's founder, Seth Cohen, told CoinDesk that it would exclusively accept the donations in bitcoin for the first 21 days, after which fiat contributions could be made. Yang, who is currently campaigning to be the Democratic Party nominee for 2020, has outlined his plan for cryptocurrency on his website:
As President, I will...
- Promote legislation that provides clarity in the cryptocurrency/digital asset market space by:
- Defining what a token is, and when it is a security (e.g., recognizing "utility tokens")
- Define which federal agencies have regulatory power over the crypto/digital assets space
- Provide for consumer protections in the space
- Clarify the tax implications of owning, selling, and trading digital assets
- Promote the nationwide adoption of recognition of protections afforded by a series LLC
- Preempt state regulations, when possible, to create one national framework
- Work with the sponsors of the Token Taxonomy Act and Wyoming legislators to promote the above, largely modeled after their work.
Sam Mowers, Investorideas
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