Gold">
Investorideas.com


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


Share on StockTwits

#CryptoCorner: MoneyGram (NasdaqGS: $MGI) Reports "Quiet Quarter" with Ripple, Coinbase Blog Post Argues Bitcoin>Gold

 

Point Roberts, WA and Delta, BC - May 4, 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.

Listen to today's Crypto Corner Podcast:

https://www.investorideas.com/Audio/Podcasts/2020/050420-CryptoMarket.mp3

#CryptoCorner: MoneyGram (NasdaqGS: $MGI) Reports "Quiet Quarter" with Ripple, Coinbase Blog Post Argues Bitcoin > Gold

SHARE PODCAST:

Get the Crypto Corner Podcast on iTunes

Get the Crypto corner on Spotify

Stocks discussed: (NasdaqGS:MGI)

Bitcoin (BTC) is close to where we left it on the last episode of Crypto Corner with a trading price at present of $8,850, according to data from CoinMarketCap. This is not to say, however, that it simply plateaued over the weekend. Bitcoin climbed slowly over Friday and Saturday, and wound up spending much of Sunday trading above $9,000. Then it took a slight tumble, getting as low as about $8,650 this morning, but now appears to be on the ascent again. The Bitcoin halving, which is widely expected to spark a rally in the crypto market, is just eight days away.

Cross-border payments firm MoneyGram (NasdaqGS:MGI) had a "quiet quarter" with Ripple, according to Cointelegraph. MoneyGram announced a strategic partnership with Ripple in June 2019, wherein the latter would act as a "key partner for cross-border payment and foreign exchange settlement using digital assets." MoneyGram CEO Alexander Holmes said:

"I would say it was a little bit of a relatively quiet quarter, in the sense of really pushing anything particularly new into the market or expanding the service."

Despite this, Holmes affirmed:

"But, yes, it's been a good partnership, and definitely pleased with what we've been doing."

A recent blog post from crypto exchange giant Coinbase argues that Bitcoin holds a distinct market advantage over gold. Specifically, the piece targets gold's "fragile physical supply chains," and highlights Bitcoin's resilience during the recent market crises associated with COVID-19, and its "technical advantage" in transporting, depositing, or withdrawing to exchange globally. An excerpt reads:

"...as gold refineries, miners, and supply chains have been disrupted, Bitcoin's core protocol continues to function as designed. Miners continue to mint 12.5 new Bitcoins every ten minutes on average, verifying Bitcoin's network while edging towards its 21 million limit. In May 2020, after its third programmatic supply "Halving", Bitcoin will be approximately as scarce as gold while also being teleportable."

Crypto exchanges in India have petitioned the country's central bank, the Reserve Bank of India (RBI), for greater clarity on their status as lenders and categorization for taxation, according to a report from local outlet the Economic Times. This follows a Supreme Court ruling in the country that reversed the central bank's ban on banks and financial institutions providing service to crypto exchanges.

Sam Mowers, Investorideas

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, research and original financial content. Learn about investing in stocks and sector trends with our news alerts, articles, podcasts and videos, looking at cannabis, crypto, AI and IoT, mining, sports biotech, water, renewable energy and more. Investor Idea's original branded content includes the following podcasts and columns: Crypto Corner, 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, Exploring Mining the AI Eye.

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. 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

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

Download our Mobile App for iPhone and Android

Contact Investorideas.com

800-665-0411


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