Day: March 20, 2019

Binance Now Lets Australians Buy Bitcoin With Cash at Over 1,300 Stores

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Cryptocurrency exchange Binance has unveiled a new platform in Australia that allows users to buy bitcoin with cash from high-street stores. Announcing the news on Tuesday, Binance said the new gateway, called Binance Lite Australia, is cash-to-bitcoin brokerage service accessible through a network of 1,300-plus supported newsagents across the country. The platform currently offers the option to buy only bitcoin using Australian dollars (AUD), but the exchange said it plans to support more cryptocurrencies and fiat options in the future. Once users have carried out an account verification processes, they…

American Electronics Giant Avnet Now Accepts Bitcoin Cash Payments

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Avnet (Nasdaq: AVT), a Phoenix, Arizona headquartered technology solutions company, has announced on Tuesday that it is now working with Bitpay to accept cryptocurrency payments for its products and services including bitcoin cash (BCH). Also Read: Bitmain Releases Miner 3x More Powerful Than Its Predecessor One of the Largest Global Technology Solution Providers on the Fortune 500 Founded in 1921, Avnet is one of the world’s largest distributors of electronic components and embedded solutions. It ranks at number 128 on the Fortune 500 list and at number 414 on the…

Bitcoin Share of Total Crypto Market Falls Below 51% to Its 3 Months Low

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Photo: Tim Reckmann / Flickr Data from CoinMarketCap show that Bitcoin dominance fell below the 51% mark early Friday morning. It was gradually declining over the course of the weekend, hitting a low of 50.4% on Saturday afternoon. At the time of writing, the world’s largest cryptocurrency accounts for 50.9 percent of the total capitalization of the entire market and fell as low as 50.54 on March 17, according to data from CoinMarketCap. Before 2017, Bitcoin’s dominance rate was pretty much in excess of 70 percent, but it began to…

Crypto Analyst: As Bitcoin Staring Down A Barrel, BTC Needs To Break $4,200

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Bitcoin Facing Downtrend, Watch $4,200 Per prominent analyst Crypto Rand, Bitcoin (BTC) is entering “do or die” time. In a recent post, Rand drew attention to a “yearly downtrend channel resistance,” which began in April 2018, and has depressed BTC each time it has tried to foray higher. In July of last year, BTC tried its hand at moving past $8,000 but failed, as the asset encountered this multi-month resistance level. In November, the cryptocurrency plummeted under $6,000, failing to maintain a medium-term, mildly-sloped uptrend and break the downtrend simultaneously.…

Bitcoin (BTC) Price Hesitates But Further Gains Seem Likely

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Bitcoin price formed a strong support near the $3,940 level and climbed higher against the US Dollar. The price managed to clear the $3,965 and $3,980 resistance levels to move into a positive zone. Yesterday’s highlighted key bearish trend line was breached with resistance at $3,970 on the hourly chart of the BTC/USD pair (data feed from Kraken). The current price action is positive, but buyers need to gain strength above the $4,000 resistance. Bitcoin price started a slow and steady rise against the US Dollar. BTC is showing positive…

Crypto Market Remains Vulnerable: Litecoin (LTC), BCH, TRX, ADA Price Analysis

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The total crypto market cap is struggling to climb higher and it could break the $133.0B support. Litecoin (LTC) price moved below the $60 support and it could extend the downside correction. Bitcoin cash price declined below the $160 support and it may retest the $155 or $150 support. Tron (TRX) price failed to stay above $0.0230 and it is moving down towards $0.0220. Cardano (ADA) price is up more than 3% and it is trading nicely above the $0.0500 support area. The crypto market cap is currently at a…

Ripple Price Analysis: XRP Could Decline To $0.3000 As Sellers Take Control

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Ripple price is under pressure below the $0.3150 and $0.3200 resistance levels against the US dollar. The price is struggling to stay above the $0.3100 support and it could decline sharply. There is a major bearish trend line in place with resistance at $0.3140 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair could decline sharply once there is a break below the $0.3110 and $0.3100 support levels. Ripple price seems to be moving into a bearish zone against the US Dollar and bitcoin. XRP/USD…

Ethereum Price Analysis: ETH Trading Near Crucial Juncture

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ETH price continues to face a strong resistance near the $138 and $140 levels against the US Dollar. The price failed to gain strength above the $139 level and remained below the $140 pivot. Yesterday’s key bearish trend line is intact with resistance near $138 on the hourly chart of ETH/USD (data feed via Kraken). The pair remains at a risk of a sharp decline towards the $133 support before it could bounce back. Ethereum price is trading below important resistances against the US Dollar and bitcoin. ETH must break…

Dollar Is Not Designed for the Internet, but Stablecoins Are

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Sterling Witzke has been working at Winklevoss Capital — a venture capital firm set up by the famous Winklevoss twins — for five years now. As a professional investor, she is very interested in financing early stage crypto and blockchain projects. She believes that stablecoins are perfectly designed for the needs of internet payments and will steadily gain popularity as the industry evolves. We talked to Sterling Witzke about the future of fiat-pegged cryptocurrencies, the necessity of proper legal frameworks and the future of the maturing crypto industry. Clarity is…

Binance Lite Allows You to Buy Bitcoin with Cash from 1,300 Newsagents in Australia

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Photo: Binance Lite / Twitter One of the major world’s cryptocurrency exchange Binance has announced the launch of its new platform dubbed Binance Lite Australia. It will provide Australian residents with an extremely easy way to purchase cryptocurrency using cash. Initially, it will be possible to buy only one crypto – Bitcoin. What Binance Lite Australia Offers The launch of Binance Lite Australia is a new milestone for Binance as it will be its first fiat gateway on the continent. The platform’s reliable and absolutely secure fiat-to-bitcoin brokerage service is to be provided through a wide Newsagent network. Now, the network already…