Point Roberts, WA and Delta, BC – September 30, 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: Altcoins Outperform BTC, Bithumb Acquisition Plans May Fall Through, SIX Digital Exchange Organizes Backers for Initial Digital Offering
Subscribe to Podcast RSS feed:
Volatility in the crypto market has abated somewhat over the weekend with Monday morning trading prices largely in the green, according to data from CoinMarketCap. Bitcoin (BTC), though still comfortably the market dominator and accounting for more than 67 percent of the market share, has grown noticeably less than several altcoins. While Bitcoin has seen 1.5 percent growth in the last 24 hours, leading altcoins Ether (ETH), XRP and Bitcoin Cash (BCH) have seen growth of 4.2 percent, 7.9 percent and 5.6 percent, respectively. Meanwhile, despite dipping below its current $8K support level earlier this morning, Bitcoin is currently trading for about $8,175.
The Korea Herald reports that a deal that would see Singapore-based fintech company BK Global Consortium buy a stake in South Korea’s biggest crypto exchange Bithumb for $333 million USD, could fall through. BK made a downpayment of $100 million last year to Bithumb majority owner BTC Holdings, but has since extended the payment deadline twice. The latest deadline expires today, but BK investor Cho Yoon-hyeong of electronics manufacturer Cornerstone, said today:
“The deal is proceeding smoothly, and we’re working on details with BTC Holdings.”
Swiss stock exchange SIX Group’s…