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#CryptoCorner: BTC Hash Rate and Market Cap Drop, BOJ Urges International Cooperation on Libra, China Has No Timetable for CBDC, Binance Receives ISO Accreditation

 

Point Roberts, WA and Delta, BC - September 24, 2019 (Investorideas.com Newswire) Investorideas.com, a leader in crypto and blockchain investing news brings you today's edition of the Crypto Corner podcast and commentary on what's driving the cryptocurrency market.

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https://www.investorideas.com/Audio/Podcasts/2019/092419-CryptoMarket.mp3

#CryptoCorner: BTC Hash Rate and Market Cap Drop, BOJ Urges International Cooperation on Libra, China Has No Timetable for CBDC, Binance Receives ISO Accreditation

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Crypto Corner

Stocks discussed: (NasdaqGS:FB)

The market continued its downtrend yesterday as the total crypto market cap dipped to a present value of $253 billion USD, according to data from CoinMarketCap. Altcoins were the biggest losers here, and their dropping has pushed Bitcoin (BTC) up another half percent with regard to market dominance, bringing it to 68.5 percent. Bitcoin itself is trading for about $9,600 at press time, though this is subject to fluctuation, of course.

This comes amid a flash crash in the Bitcoin Network, according to a report from Cointelegraph. This refers to a record 40 percent drop in the network's hash rate yesterday, which had posted a record-breaking string of new all-time high hash rates throughout summer.

Reuters reports that the governor of the Bank of Japan (BOJ), Haruhiko Kuroda, is urging for international collaboration in regulating stablecoins like Facebook's (NasdaqGS:FB) Libra. In a speech to businessmen in Osaka, Karuda warned:

"If Libra is introduced, it could have a huge impact on society."

Across the water in China, English-language outlet the Global Times reports that the government's planned central bank digital currency (CBDC) is making progress, but there is no timetable for its launch. Yi Gang, governor of the People's Bank of China (PBC), told a press conference in Beijing:

"If the digital currency is to be used in cross-border business, more regulation requirements relat-ed to anti-money laundering, counter-terrorism financing and anti-tax havens need to be put in place."

Crypto exchange giant Binance has been granted accreditation from the International Organization for Standardization (ISO), recognizing the firm's security management system. This distinction will make expansion into new markets smoother for Binance as governments and institutions acknowledge its robust security. Changpeng Zhao, CEO of Binance, said:

"Security has always been the utmost priority for Binance and our users, and we are honored that Binance's security management is recognized by the respected DNV and UKAS [Norway and the UK's accreditation bodies]. Obtaining the ISO certification is one significant aspect of our security commitment to the industry and our community."

Payments provider Global POS is teaming with payments platform Easy2Play and the EasyWallet app to bring crypto payments to 25,000 retail locations in France by the first quarter of 2020, according to French crypto news site Cryptonews. Stéphane Djiane, CEO and founder of Global POS, commented:

"This is an important symbolic step in the evolution of payment methods in France. However, more than a symbol, what we bring to 25,000 outlets is the ability to safely enter the world of the 3.0 economy."

Sam Mowers, Investorideas

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