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#CryptoCorner: #Crypto Comeback Slowed By Dow Drop, Facebook (NASDAQ: $FB) Forms “Libra” In Switzerland, European Central Bank Does Not Regard Crypto As A Threat

|About: Facebook, Inc. (FB)

#CryptoCorner: #Crypto Comeback Slowed by Dow Drop, Facebook (NASDAQ: $FB) Forms “Libra” in Switzerland, European Central Bank Does Not Regard Crypto as a Threat

Point Roberts WA, Delta BC, May 20, 2019 - Investorideas.com, a leader in crypto and blockchain investing news, in partnership with Fit Pay, Inc.’s (subsidiary of NXT-ID (NASDAQ: NXTD) crypto payment tech, Flip and the Genesis Exchange and Wallet App bring you today’s edition of the Crypto Corner podcast and commentary on what’s driving the cryptocurrency market .

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May 20 Crypto Corner

Stocks discussed: (NasdaqGS:FB)

Just before the weekend we observed a sudden drop in the crypto market, with Bitcoin (BTC) falling as low as $7050 on Friday, and the total crypto market cap sinking to about $220 billion, according to data CoinMarketCap. Over the course of the weekend, however, Bitcoin has made a significant recovery, and is trading for $7770 at press time. Total market capitalization is currently sitting at $241 billion. This crypto recovery peaked yesterday, but has since fallen alongside a drop in the Dow this morning

Reuters reports that Facebook (NasdaqGS:FB) has formed a new blockchain-based fintech company in Switzerland called Libra Networks. The company, which was registered on May 2 in Geneva, will focus on “investing, payments, financing, identity management, analytics, big data, blockchain and other technologies.”

The European Central Bank issued a report on Friday, in which it claims that cryptocurrencies do not represent a threat to the stability of finance in Europe.

Crypto-assets currently do not pose a material risk to financial stability in the euro area. Their combined value is small relative to the financial system. The sector nevertheless requires continuous careful monitoring, as market developments are dynamic and linkages to the wider financial sector may increase to more significant levels in the future.

Ethereum (ETH)-based stock exchange SprinkleXchange expects to list its first company in June, according to a report from Bloomberg. Based in Bahrain, SprinkleXchange uses the Ethereum blockchain for settlement and clearing – the first licensed IPO-platform in the world built on blockchain technology – and targets companies with a market cap of $20 million to $200 million for listing. The company’s CEO, Alexander Wallin, told Bloomberg in a phone interview:

“We have the luxury of being first with this, but we’re aware that it will become a crowded market. It’s like moving from VHS to streaming; Netflix did it nicely and was first, but now there are lots of streaming sites.”

Sam Mowers, Investorideas

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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 Bitcoin to USD. Tap to pay.

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Genesis Exchange and Wallet App by Genesis Blockchain Technologies (NASDAQ:GBT)

@GenesisBlockch , @GbtTechnologies

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.You can Download the Genesis Exchange and Wallet App at Google Play and on the Apple App Store. Learn more at Account Suspended

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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 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. Disclosure: this newsletter and podcast is sponsored content by featured companies NXt-ID (NASDAQ: NXTD) on behalf of Flip and GBT Technologies . More info: www.investorideas.com/...
Contact management and IR of each company directly regarding specific questions.
More disclaimer info: www.investorideas.com/... Learn more about publishing your news release and our other news services on the Investorideas.com newswire www.investorideas.com/... and tickertagstocknews.com
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