#CryptoCorner: Market Recovers From Sunday Dip, G20 Committed to FATF Standards for Crypto, Ripple Opens Office in Brazil

(MENAFN – Investor Ideas)
#CryptoCorner: Market Recovers From Sunday Dip, G20 Committed to FATF Standards for Crypto, Ripple Opens Office in Brazil

Point Roberts, WA and Delta, BC – June 10, 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.

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#CryptoCorner: Market Recovers From Sunday Dip, G20 Committed to FATF Standards for Crypto, Ripple Opens Office in Brazil

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Crypto Corner

Total market capitalization in the crypto market is roughly where we left it on Friday, despite taking a bit of a dive on Sunday. At press time, the market cap is $253 billion USD, recovering from a dip down to about $240 billion yesterday, according to data fromCoinMarketCap . Bitcoin ( BTC ) is just shy of an $8,000 price, trading for $7,926 currently with a market cap of $140 billion. The flagship cryptocurrency dipped down to around $7550 yesterday as the market sagged. The two biggest altcoins remain Ether ( ETH ) andXRP , with market caps of $25.8 billion and $16.9 billion, respectively.

According to acommuniquépublished by Japan’s Ministry of Finance, the G20 has reiterated its application of the Financial Action Task Force (FATF) standards with regard to cryptocurrencies out of concern for anti-money laundering (AML) and countering the financing of terrorism (CFT). This follows a meeting of the G20 in Fukuoka, Japan over the weekend. An excerpt reads:

Technological innovations, including those underlying…

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