Tuesday, 20 August 2019 04:58 GMT
img

#CryptoCorner: BTC Slips Below $10K Amid High Sell Pressure, Iran Legalizes Crypto Mining, Germany Approves $280 Million ETH-based Real Estate Bond




(MENAFN - Investor Ideas) #CryptoCorner: BTC Slips Below $10K Amid High Sell Pressure, Iran Legalizes Crypto Mining, Germany Approves $280 Million ETH-based Real Estate Bond

 


Point Roberts, WA and Delta, BC - July 23, 2019 (Investorideas.com Newswire) 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 theGenesis Exchange and Wallet Appbring 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/2019/072319-CryptoMarket.mp3


#CryptoCorner: BTC Slips Below $10K Amid High Sell Pressure, Iran Legalizes Crypto Mining, Germany Approves $280 Million ETH-based Real Estate Bond

Get the Crypto Corner Podcast on iTunes

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


Crypto Corner

The cryptocurrency market is more or less red across the board this morning with most of the top 100 coins listed by market cap posting 24-hour losses, according to data fromCoinMarketCap . Crucially, Bitcoin ( BTC ) has fallen below its $10,000 support level, after failing to rise above an $11,000 trading price over the past few days. The flagship cryptocurrency is trading for about $9,960 at press time, with a 24-hour loss of around five percent. OnCCNcrypto analyst Joseph Young writes that despite robust fundamental factors in the market such as the highly anticipated Bakkt platform's testing, sell pressure may lead to short term volatility.

Despite strong fundamental factors, bitcoin has shown weak short term trend as of recent, which some analysts have indicated that the sell pressure in the market may be too strong for fundamental factors to turn around.

In the near term, analysts expect large volatility in the bitcoin market, opening the possibility of short squeezes.

According to anofficial document , the government of Iran has put crypto mining on the track to legalization. On Sunday, the government's economic commission approved a mechanism to facilitate crypto mining despite the practice's having been illegal in the country in preceding months. Cheap electricity in Iran has contributed to a surge in the amount of illegal mining farms. The country's Deputy Minister of Energy Homayun Haeri said "a plan to apply the exported electricity rate for mining farms will soon be discussed and voted on by the government ministers".

Cointelegraphreports that an Ethereum-based real estate bond of security issuance firm Fundament Group has been approved by the German Federal Financial Supervisory Authority (BaFin). The bond is backed by a portfolio of properties in German cities valued at $280 million USD (€250 million EUR). According to the report, Fundament Group aims to bring liquidity to the real estate market through tokenization and its solution "leverages standardized and regulated financial instruments to build a real estate-backed asset that can be traded worldwide independently of banks". The company's co-founder, Florian Glatz, explained:

"As the first company to receive approval from the German Financial Market Authority for a blockchain-based real estate bond, we are excited to enter the sales process for the Real Estate Security Token, while already preparing the tokenization of other highly attractive assets."

IP business media platformIAMpublished a piece today analyzing blockchain patent trends around the world. The data indicates that, as of April 30, 2019, there are "10,628 Derwent patent families in the blockchain field, corresponding to 14,035 patent applications", with a compound annual growth rate (CAGR) of applications from 2013 to 2018 coming in at 285.6 percent. While China and the U.S. dominate the global market in terms of blockchain innovation and patent applications, South Korea leads the world in patent grants with an approval rate of 54 percent.


Sam Mowers, Investorideas


Read other editions of theCrypto Corner

Get the Crypto Corner News by emailGet Crypto Corner News


Crypto Corner Sponsors:


Investorideas.com - NXT-ID Inc. (NASDAQ: NXTD) Subsidiary Fit Pay Flip

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 PlatformTM, 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



Investorideas.com - GBT Genesis Blockchain Technologies

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

@GenesisBlockch

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 canDownload the Genesis Exchange and Wallet App at Google Playand on the Apple App Store. Learn more athttp://www.mygenesis.io


More info on the sector:

Investor Ideas is positioning as a leader in blockchain and crypto content with its Bitcoin and Blockchain portalsBitcoinandblockchainstocks.com ,Cryptocurrencyinvestorideas.comandBlockchaininvestorideas.com

For investors following the sector Investor Ideas has a comprehensiveBitcoin, 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 and press releases plus we create original financial content. Learn about investing in stocks and sector trends from Investorideas.com with our news alerts , articles ,podcastsand videos talking about cannabis, crypto, technology including AI and IoT , mining ,sports biotech, water, renewable energy and more . Investorideas.com original branded content includes the dailyCrypto Cornerand Podcast,Play by Playsports and stock news column,Investor Ideas #Potcasts#Cannabis News and Stocks on the Move podcast and column, Cleantech and Climate Change Podcast and theAI Eye Podcastand column covering developments in AI.

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.comis 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:http://www.investorideas.com/About/News/Clientspecifics.asp

Contact management and IR of each company directly regarding specific questions.

More disclaimer info:https://www.investorideas.com/About/Disclaimer.aspLearn more about publishing your news release and our other news services on the Investorideas.com newswirehttps://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

Learn more about our news, PR and social media services at Investorideas.com

https://www.investorideas.com/Investors/Services.asp

Follow us on Twitterhttps://twitter.com/Investorideas

Follow us on Facebookhttps://www.facebook.com/Investorideas

Follow us on YouTubehttps://www.youtube.com/c/Investorideas

Contact Investorideas.com

800-665-0411



Get moreBitcoin and Blockchain Investor ideas- news, articles, podcastsand stock directories

MENAFN2307201901420000ID1098793558


#CryptoCorner: BTC Slips Below $10K Amid High Sell Pressure, Iran Legalizes Crypto Mining, Germany Approves $280 Million ETH-based Real Estate Bond

  Most popular stories  

Day | Week | Month