Point Roberts, WA and Delta, BC – August 29, 2019 (Investorideas.com Newswire) Investorideas.com, a leader in crypto and blockchain investing news brings 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:
#CryptoCorner: BTC Loses $10K Support for Monthly-Low Trading Price, China Not Launching CBDC in Coming Months, BitTorrent Testing Live Streaming Platform
Subscribe to Podcast RSS feed:
The crypto market has suffered a considerable drop in the last 24 hours, with Bitcoin (BTC) losing around $500 alone in less than an hour yesterday, according to data from CoinMarketCap. Bitcoin is currently trading for $9,490, its lowest trading price in a month, after failing to reclaim support around $10,000. Altcoins were hit harder still, with Ether (ETH) and Litecoin (LTC) falling roughly 10 percent in the same period. At press time, the total crypto market capitalization is $246 billion, which is $20 billion less than this time yesterday.
Chinese state-run English-language news outlet the Global Times tweeted that recent news of the People’s Republic of China issuing a central bank digital currency (CBDC) is wrong.
Refuting media reports of launching a state-backed cryptocurrency in the coming months, #China’s central bank termed them as “inaccurate speculation.”
This is at odds with a report from China Internet Information Center, itself an authorized government source, which claimed that such a currency was soon to launch.
The nominee for the chairmanship of South Korea’s top financial regulator expressed a cautious approach to cryptocurrencies, according to local outlet Chosun Ilbo. A loose translation reads:
“Incorporating virtual currency into institutional finance may cause side effects such as recurring speculative fever and money laundering issues. There needs to be a legal basis for this first.”
“Currently, the virtual currency exchange is established and operated autonomously in the market, but I know there is a movement to strengthen regulations such as the introduction of the declaration system to protect investors internationally. There is a need for an early revision of the Act on Specific Financial Information Act, which is mainly focused on strengthening the duty of anti-money laundering in the handling business.”
Cointelegraph reports that Portugal’s Tax Authority will not tax cryptocurrency trading or payments made in crypto. The country’s Tax and Customs Authority confirmed that crypto transactions or payments are exempt from Value Added Tax (VAT), citing a 2015 ruling by the European Court of Justice which argued for Bitcoin’s status as a form of payment and thus not taxable.
Peer-to-peer file sharing protocol BitTorrent, which is a subsidiary of blockchain firm TRON, will begin testing a live streaming platform, according to a blog post yesterday. Called BitTorrent Live, or BLive, the new service will allow tipping in cryptocurrency, among other features. Justin Sun, founder of TRON and CEO of BitTorrent, explained:
“With the continuous growth of telecommunication technology and social media, livestreams have gained a tremendous edge and have become the dark horse of online communication. It gives rise to outstanding content creators who have thousands of followers but don’t get their fair share of advertisements and virtual gifts.”
Sam Mowers, Investorideas
Read other editions of the Crypto Corner
Get the Crypto Corner News by email Get Crypto Corner News
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
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 , podcasts and 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 daily Crypto Corner and Podcast, Play by Play sports and stock news column, Investor Ideas #Potcasts #Cannabis News and Stocks on the Move podcast and column, Cleantech and Climate Change Podcast and the AI Eye Podcast and column covering developments in AI.
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:
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. Contact management and IR of each company directly regarding specific questions.
More disclaimer info: https://www.investorideas.com/About/Disclaimer.asp Learn more about publishing your news release and our other news services on the Investorideas.com newswire https://www.investorideas.com/News-Upload/ and tickertagstocknews.com
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
Follow us on Twitter https://twitter.com/Investorideas
Follow us on Facebook https://www.facebook.com/Investorideas
Follow us on YouTube https://www.youtube.com/c/Investorideas
Download our Mobile App for iPhone and Android