Investorideas.com


Be a guest or sponsor our podcasts - learn more about us : 800 665 0411


Share on StockTwits

#CryptoCorner: BTC Bull Run Outpaces Altcoins, Mastercard Lists Crypto/Blockchain Positions, Thai AML Laws to Encompass Crypto and Iran Won't Recognize Crypto Trading

 

Point Roberts, WA and Delta, BC - August 5, 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 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/2019/080519-CryptoMarket.mp3

#CryptoCorner: BTC Bull Run Outpaces Altcoins, Mastercard (NYSE: $MA) Lists Crypto/Blockchain Positions, Thai AML Laws to Encompass Crypto and Iran Won't Recognize Crypto Trading

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: (NYSE:MA) (NasdaqGS:FB)

As we begin another week, we find the crypto market in yet another bull run. Bitcoin (BTC) first rose back above the $10,000 support level on Wednesday last week, after having briefly dipped below it on the previous Saturday (July 27). Yesterday saw considerable growth leading to Bitcoin's current trading price of $11,750 USD, according to data from CoinMarketCap. Bitcoin is outpacing altcoin growth, as has been typical of this year, and consequently accounts for a share of 67.7 percent of the total crypto market.

Mastercard (NYSE:MA) has listed several jobs for blockchain and crypto professionals on the hiring page of its website. Among these are: senior blockchain engineer, blockchain software engineering lead, blockchain solutions architect, VP of blockchain/crypto product management, and director of crypto wallet product management. Though Mastercard is already a member of Facebook's (NasdaqGS:FB) Libra Association, these postings could be hinting at a possible foray into the crypto wallet space by the former.

The Bangkok Post reports that Thailand's acting secretary-general of the Anti-Money Laundering Office (AMLO), Preecha Charoensahayanon, says that cryptocurrency will be used for money laundering and that the government will amend AML laws to address this. He said that the country's Anti-Money Laundering Act will be updated to require crypto exchanges to report activities to AMLO. An excerpt from the article outlines the secretary-general's intentions:

In his view, Amlo's work will be focused on two areas in the near future -- one involving its traditional duty to prevent and crack secret plots to hide illegal assets, and the other in connection with the unfamiliar role of probing new hideouts in the cyber world.

The government of Iran has issued new regulations which make the trading of cryptocurrencies illegal in the country, according to local outlet PressTV. On Sunday, the cabinet ruled that the government and central bank of Iran would not recognize cryptocurrencies as legal tender. The same bill that makes crypto trading illegal, however, recognizes the provisional legality of crypto mining in the country. An excerpt explains:

...the bill said mining digital currencies would be allowed inside Iran under certain conditions, including if miners obtain the approval of Iran's industry ministry, do not mine the currencies inside a 30-kilometer boundary of all provincial centers except for the capital Tehran and the central city of Esfahan where tougher restrictions apply.

It said the miners should also observe rules set by Iran's standardization and communications authorities for mining machines, adding that certain fees will be applied for the energy used for mining the currencies.

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 Platform™, 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



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 .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