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Monday, August 27, 2018

Investorideas.com - #CryptoCorner: Iran Details National #Cryptocurrency, Chinese Companies Join #Crypto Crackdown, India’s Central Bank Creates #Blockchain Unit and North Korea to Host Blockchain Conference

Investorideas.com - #CryptoCorner: Iran Details National #Cryptocurrency, Chinese Companies Join #Crypto Crackdown, India’s Central Bank Creates #Blockchain Unit and North Korea to Host Blockchain Conference





#CryptoCorner:
Iran
Details National #Cryptocurrency, Chinese Companies Join #Crypto Crackdown,
India’s Central Bank Creates #Blockchain Unit and North Korea to Host
Blockchain Conference

Stocks discussed: (OTC:$TCEHY) (NYSE: $BABA) (NasdaqGS: $BIDU)

August 27th #CryptoCorner and Podcast sponsored by Crypto
payment tech, #Flip @FlipToPay ($NXTD) 
and #AI, #IoT, #Blockchain, #Crypto Technology Company  Gopher Protocol (OTCQB: $GOPH) and Genesis
Exchange and Wallet  App

Point Roberts, WA, Delta BC August 27, 2018 - 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.

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August 27, 2018 Crypto Corner

Weekend Market Growth, Iran Details National Cryptocurrency, Chinese
Companies Join Crypto Crackdown, India’s Central Bank Creates Blockchain Unit
and North Korea to Host Blockchain Conference

Stocks discussed: (OTC:TCEHY) (NYSE:BABA) (NasdaqGS:BIDU)

Over the weekend the crypto market saw some very
modest growth in the wake of the U.S. Securities and Exchange Commission’s
(SEC)
decision to review their rejection of nine exchange-traded
funds last week. According to data from
CoinMarketCap, the total market capitalization at press time is $218 billion USD, up
about $8 billion USD from Friday’s Crypto Corner. Bitcoin (BTC) is trading at
about $6750 USD, $220 USD higher than at the weekend’s outset.

The Islamic Republic of Iran has revealed details
of its national cryptocurrency, according to a report from
IBENA. The digital currency is designed and developed by
an affiliate body of Iran’s central bank, the Informatics Services Corporations
(ISC) and is based on Hyper-ledger
Fabric Platform technology. The cryptocurrency cannot be mined, the blockchain
is private and the volume of issue is decided by the central bank.

As the Chinese
state cracks down on the crypto space, many of the country’s biggest companies
are following suit. The
South China Morning Post reports that Tencent (OTC:TCEHY), Alibaba (NYSE:BABA) and Baidu (NasdaqGS:BIDU) have all taken measures to shut
down activities involving crypto trading. From the article:
Tencent said
in a statement that the company will ban cryptocurrency trading on its social
app WeChat through measures including real-time monitoring of daily
transactions and block suspicious transactions when necessary.
Similarly,
Alibaba-controlled Ant Financial said that it will restrict or ban accounts on
its internet-payment platform Alipay when they are found to involve
cryptocurrency trades.

A report in
the
Economic Times indicates that India’s central bank, the Reserve Bank of
India (RBI), has created a unit devoted to the study of crypto, blockchain and
artificial intelligence. In addition to research, the new body may eventually
be involved in developing regulation and overseeing new technologies in the
space. A source familiar with RBI’s plans told the Economic Times:

“As a
regulator, the RBI also has to explore new emerging areas to check what can be
adopted and what cannot. A central bank has to be on top to create regulations.
This new unit is on an experimental basis and will evolve as time passes.”

The Straits Times reports that North Korea will host an international
blockchain conference over two days on October 1 and 2. The news, which would
perhaps have been unfathomable a year ago, was first reported on Radio Free
Asia on August 25. The conference seeks to bring together experts from around
the world who will meet up with North Korean business leaders after the two-day
event.

Sam Mowers, Investorideas


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Crypto Corner Sponsors:

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/



Gopher Protocol Inc. (OTCQB: GOPH)
is a development-stage company which consider itself  a Native IoT
creator, developing Internet of Things (IoT) and Artificial Intelligence
enabled mobile technology. Gopher’s exclusive licensor filed a non-provisional
patent covering a proprietary GRC Blockchain-Based Radio Generated Digital
Currency on June 19, 2018 . Additionally  Gopher’s  Avant! AI
 technology has been designed to supervise the Blockchain System to keep
records of all data exchanges. The AI system will be embedded as an integral
part of Gopher’s digital coin Blockchain system.
For
more info on Gopher  and its technologies visit
http://gopherprotocol.com/




GBT is a powerful cryptocurrency
centralized / decentralized exchange which will include a broad range of
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The powerful GBTDesk aggregator ensuring exchange of
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