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

Summary

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.

Listen to today’s Crypto Corner Podcast: http://www.investorideas.com/Audio/Podcasts/2018/082718-CryptoMarket.mp3.

#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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http://www.investorideas.com/Audio/Podcasts/2018/082718-CryptoMarket.mp3

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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:OTCPK: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. Flip: Tap to Pay with Bitcoin

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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 Gopher Protocol | Exclusive license agreement

GBT is a powerful cryptocurrency centralized / decentralized exchange which will include a broad range of services and benefits from cryptocurrency and blockchain markets development, while avoiding complications and risks arising from crytocurrency ownership, transfer, and exchange.

The powerful GBTDesk aggregator ensuring exchange of cryptocurrencies for fiat currencies under smart contracts without intermediaries is a key element of GBT.

Download the Genesis Exchange and Wallet App at Google Play

Genesis Exchange & Wallet - Apps on Google Play

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Additional disclosure: 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: www.investorideas.com/... Disclosure: this newsletter and podcast is sponsored content by featured companies NXt-ID (NASDAQ: NXTD) on behalf of Flip and Gopher Protocol Inc. (OTCQB: GOPH) and its blockchain and crypto technologies and GBT Technologies . More info: www.investorideas.com/...

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.