Crypto Corner: Bitcoin Sees Huge Rally; Coinbase Withdraws

New Post Public Reply Private Reply Replies (0) Message Board

News Desk 2018

Jul 18, 2018 at 1:15 PM 203

Crypto Corner: Bitcoin Sees Huge Rally; Coinbase Withdraws Statement of ‘Approval’; Mining Giant Bitmain Expands Israel Operations and Japan Overhauls Financial Regulator

POINT ROBERTS, Wash. and DELTA, British Columbia, July 18, 2018 (GLOBE NEWSWIRE) -- Investorideas.com, a leader in crypto and blockchain investing news reports on what’s driving the cryptocurrency markets with today’s edition of Crypto Corner, now available in podcast.

Listen to today’s Crypto Corner Podcast: http://www.investorideas.com/Audio/Podcasts/2...Market.mp3

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

Crypto Corner – July 18, 2018

Bitcoin (BTC) experienced a considerable upward spike yesterday, going from about $6750 USD to a trading price of $7469 USD at press time. The coin peaked at just under $7500 USD and grew an astonishing $600 USD in less than an hour last evening, according to data from CoinMarketCap . In addition, Bitcoin’s (BTC) volume, which was blamed for some of last week’s decline, is twice as large this week at $6.67 billion USD. The total market cap has grown $26 billion USD from $271 billion USD to $297 billion USD at press time. All but two of the top 100 listed coins on CoinMarketCap are in the green for the last 24 hours.

According to Bloomberg , Coinbase has withdrawn their statement reported yesterday that they had received approval from the U.S. Securities and Exchange Commission (SEC) and Financial Industry Regulatory Authority (FINRA) to acquire Keystone Capital Corp., Venovate Marketplace Inc. and Digital Wealth LLC. In an email to Bloomberg, Coinbase spokeswoman Rachel Horwitz said:

“It is not correct to say that the SEC and FINRA approved Coinbase’s purchase of Keystone because SEC was not involved in the approval process.”

Horwitz clarified that it wasn’t necessary to be greenlit by the SEC but that there had been communication with the body.

“The SEC’s approval is not required for the change of control application,” she said. “Coinbase has discussed aspects of its proposed operations, including the acquisition of the Keystone Entity, on an informal basis with several members of SEC staff.”

Israeli publication Globes reports that Chinese bitcoin mining giant, Bitmain, plans to expand its development centre in Israel. The development centre, located in Ra’anana, will see a tripling of their team, including “more than 40 researchers, programmers, engineers and marketing people.” The centre’s manager, Gadi Glikberg, explained Bitmain’s ambition in the face of the cooler market conditions.

"The world may be in a period of relative calm after the great hype of December 2017, but for the major companies in the field this is a golden opportunity to plan, build and grow, and Bitmain has identified the potential of Israeli know-how and capabilities to contribute to the company's global effort."

Nikkei Asian Review reports that Japan’s financial watchdog, the Financial Services Agency (FSA), has been reconditioned to better respond to fintech and cryptocurrency concerns. A new Strategy Development and Management Bureau replaces the Inspection Bureau, and will be tasked with inspections of financial institutions.

Sam Mowers, Investorideas

Read other editions of the Crypto Corner

Get the Crypto Corner News by email Get Crypto Corner News

Crypto Corner Sponsor:

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 .

Talk about the sector with other companies and investors - Join our LinkedIn Group Blockchain and Digital Currency Stocks and ICO's - Latest News and Commentary https://www.linkedin.com/groups/13560073

About Investorideas.com - News that Inspires Big Ideas

www.Investorideas.com is a meeting place for global investors, featuring news, stock directories, video, podcasts, company profiles, interviews and more in leading sectors. Sectors we cover include tech (AI, drones, internet of things) , payments, crypto and blockchain, biotech, mining, energy, renewable energy, water, marijuana and hemp stocks, food and beverage, defense and security (biometrics/cyber) ,Latin America, sports, entertainment, luxury brands and gaming.

The Investorideas.com podcasts are also available on iTunes, Tunein, Sticher. Spreaker.com, iHeart.com and Google Play Music.

Visit the Podcast page at Investorideas.com: http://www.investorideas.com/Audio/

Sources : "CoinMarketCap" is: https://coinmarketcap.com/currencies/bitcoin/ "Bloomberg" is: https://www.bloomberg.com/news/articles/2018-...quisitions "yesterday" is: http://www.investorideas.com/news/2018/crypto...BitPay.asp "Globes" is: https://en.globes.co.il/en/article-bitmain-ex...1001246249 "Nikkei Asian Review" is: https://asia.nikkei.com/Politics/Japan-overha...intech-age

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 investment involves risk and possible loss of investment. This site is currently compensated for news publication and distribution, social media and marketing, content creation and more. Contact each company directly regarding content and press release questions. 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. More disclaimer info: http://www.investorideas.com/About/Disclaimer.asp . Disclosure: this newsletter is sponsored content by featured companies NXT-ID (NASDAQ: NXTD ) on behalf of Flip More info: http://www.investorideas.com/About/News/Clientspecifics.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 Please read Investorideas.com privacy policy: http://www.investorideas.com/About/Private_Policy.asp

Learn more about sponsoring the crypto corner and other branded content

Contact Investorideas.com 800-665-0411

Newer

Older

Scroll down for more posts ▼

Top 10 Most Recent News Articles

FC2 Condom Educates NYC on Health and Wellness

Union Square Becomes a Hub of Interactivity The heart of NYC pulsed with purpose as FC2 Female Condom set up shop in Union Square, using the iconic location as a stage for a different kind of celebration. Clear Future, the manufacturer behind FC2, marked Global Female Condom Day with an event unlike any other. It wasn't just about the product—it was a call to educate...

NY Sheriffs' Court Battle: Immigration Policies Under Fire

Sheriffs Clash with State Over Immigration Policies In a tense showdown reminiscent of an old-time standoff, 15 New York county sheriffs have drawn their battle lines against the state’s capricious maneuvers by pushing a federal court to hit the brakes on Albany’s newly minted immigration rule. The so-called “Local Cops, Local Crimes Act” is catching serious heat,...

MasterBrand's 2027 Kitchen Trends: Embrace Warmth

Wood Finishes and the Warm Embrace Alright folks, let's cut through the fluff and get to the heart of the matter: wood finishes are making a roaring comeback in 2027 kitchens. And it's not just some passing phase, we're talking a comprehensive shift toward warmer and more natural kitchen designs. MasterBrand, Inc. isn't just throwing darts at a board here. They surveyed a...

Cabot Wilds: Nova Scotia's Next Luxury Golf Haven

Breaking New Ground in Golf and Luxury Cabot and the Bragg family are cooking up something extraordinary in Cumberland County, Nova Scotia. The new luxury lifestyle and golf destination, Cabot Wilds, promises to be more than just a retreat—it's a bold statement on how to marry nature, luxury, and community. Set to open in late 2027, this expansive 2,500-acre resort will...

Orthopedic Expert Highlighting Midwest Pain Access Gaps

Over in the vast sprawl of rolling plains and prairie winds, folks in the Upper Midwest are grappling with an ironic reality. As technological advancements blaze trails, people suffering from vertebrogenic pain are finding themselves up against a wall of limited access to specialized care. We’ve got Dr. James T. Brunz, the man of the hour, one of only about 15 Intracept...

Inovonics Duress Card Enhances Safety for K-12 and Beyond

A New Dawn for Safety in Schools and More It's about time we talk about something more substantial than just beefing up security cameras or tightening door locks. Real-world problems require nimble solutions, and that's where Status Solutions steps in with the Inovonics Duress Card. It's not just another gadget; it's a lightweight, wrist-mounted lifeline designed to say,...

Mutare Sharpens Security for Webex Calls with Precision

Control Dialed In: Tailored Call Screening Kicking things up a notch, Mutare is redefining call security by fine-tuning their Voice Security for Webex Calling. Imagine this—custom rules now let organizations shape a security policy down to the very last detail, ensuring unwanted calls don’t slip through the cracks. Wave goodbye to the broad-strokes approach. Precision...

NOAA Taps ICEYE US for Game-Changing SAR Satellite Data

The Strategic Move to SAR Data Imagine this: You’re in the thick of a hurricane, where visibility goes out the window, and traditional satellite data chokes under the crushing weight of clouds and nightfall. That's the precise chaos ICEYE US is cutting through with its Synthetic Aperture Radar (SAR) technology. The latest scuttlebutt is that NOAA's getting cozy with...

TGI Fridays Unveils New 3 For All Menu Options

Hedging Bets on New Dining Strategies Oh, the restaurant battlefield—where one day you're the toast of the town, and the next, you're hustling to keep those seats filled. TGI Fridays, a name as synonymous with casual eats as long as I’ve been in this game, is rolling the dice with a new offering dubbed '3 For All.' Doesn't sound like your average meal deal either....

Paula's Choice Elevates Skincare Game with New Campaign

Strategy Meets Skincare: Paula's Choice in the Spotlight Catch this: Paula's Choice just dropped a moisturizer, but it ain't just lotion. No, the Pro-Collagen Peptide Plumping Intensive Moisturizer is here with a punch. And they've got Hannah Waddingham, of 'Ted Lasso' fame, fronting a campaign that screams confidence. Now, that's a way to announce your move at the...