#CryptoCorner: Market Pullback, BIS Chief Supporting CBDCs, Xetra Lists First Blockchain Company, Huobi Partners with Nervos for DeFi Services and Busan to Launch Local Crypto

Point Roberts, WA and Delta, BC – July 1, 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 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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#CryptoCorner: BIS Chief Supporting CBDCs, Xetra Lists First Blockchain Company, Huobi Partners with Nervos for DeFi Services and Busan to Launch Local Crypto

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Crypto Corner

Stocks discussed: (BWQ.F)

Over the weekend the crypto market has seen a pullback as total market capitalization has sunk from its Friday peak of about $350 billion to $306 billion this morning, according to data from CoinMarketCap. Bitcoin (BTC) is still trading for more than $10,000 ($10,490 at press time), a support level it reached on June 21 which it hasn’t yet dipped below. With 61 percent of the market, Bitcoin still dominates with a market cap of about $187 billion.

CoinDesk reports that Agustin Carstens, chief of the Bank for International Settlements (BIS), has expressed support for central bank digital currencies (CBDCs) in a recent interview with the Financial Times. Regarding global central banks that are already developing CBDCs, Carstens said, “we are working on it, supporting them”. Carstens has described cryptocurrencies as a “Ponzi scheme” as recently as a year ago.

German financial news site DGAP reports that blockchain development firm Advanced Blockchain AG (BWQ.F) has been listed on Deutsche Boese’s Xetra exchange. According to the report the Berlin-based company:

“…focuses on the…

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