Day: July 10, 2019

Binance Coin (BNB) Prices Are Flat, Is Changpeng “Killing” ETH?

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Binance Coin (BNB) flat-lining, down 3.1 percent Ethereum being sidelined, Binance delisting and shunning ETH trading pairs By rebranding and delisting PHX/ETH trading pairs, observers say Binance is deliberately sidelining Ethereum projects. Understandably, Binance following their mainnet launch is a competitor. At the time of writing, BNB is down 3.1 percent. Binance Coin Price Analysis Fundamentals Competition forces innovation. Following governments and regulator involvement, ICOs as a fundraising model was slowed down. With stringent requirements and outright bans in several countries, including in China and South Korea, project managers were…

Facebook’s Libra Could Face Difficulties Entering Thai Market

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Facebook’s long-awaited stablecoin Libra could face a difficult roll out in Thailand due to the coin’s uncertain legal status in the country, an expert told the Bangkok Post on July 9. Fiscal Policy Office legal officer Sumaporn Manason argued that Libra will likely run up against difficulties entering Thailand as the cryptocurrency does not fall under any of local financial legislation. Sumaporn stated: “The cryptocurrency does not fit under the Bank of Thailand’s Currency Act because it does not have the characteristics of legal tender as stipulated by law. These…

Crypto News Today | Poloniex Now Accepts Cards, Will Gemini Join Libra?

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The cryptocurrency sphere is bustling today. Crypto news regarding Poloniex is causing a stir. The exchange will now accepts credit cards and bank accounts. Elsewhere, prominent crypto-advocates the Winklevoss twins, along with their Gemini exchange, might be buddying up with Facebook’s Libra. Let’s check this out. Crypto News Making Moves Major cryptocurrency exchange Poloniex has announced that customers can now use credit cards and bank accounts on the platform. It announced the move in a Medium post published yesterday. The release states that users from over 80 countries can now…

Metropolitan Commercial Bank Shuts Down Tether’s Accounts

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New York-based Metropolitan Commercial Bank has requested that stablecoin issuer Tether close its accounts with the bank has shut down accounts associated with stablecoin issuer Tether, technology-focused news outlet Coindesk reported on July 10. Tether and its affiliated companies reportedly had accounts with Metropolitan Commercial Bank for almost half a year, and now the financial institution has reportedly closed those accounts following a request in 2018. A bank spokesperson told Coindesk that Tether has not shown much activity with the accounts since their establishment: “Metropolitan Commercial Bank had limited, corporate…

Facebook’s Digital Coin Libra Faces Extreme Criticism

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Libra, Facebook’s cryptocurrency to be launched as a payment service provider, requires close examination. According to a senior official at Britain’s financial watchdog, this new coin project requires deep scrutiny as it raises questions both on social and legal grounds. Facebook unveiled its Libra digital coin last month as a platform that will let one buy things or send money to people with nearly zero fees. Regulators Have Doubts About Libra One would pseudonymously buy or cash out their Libra online or at local exchange points like grocery stores. However, soon…

Bitcoin’s Clobbering Bank Stocks So Badly It’s Not Even Funny

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According to data published by crypto research firm Messari, bitcoin has massively outperformed the largest banking stocks in the world over the past five years. In fact, the cryptocurrency is pummeling them so badly it’s not even funny anymore. They say a picture is worth a thousand words But this is worth 5: “Long bitcoin, short the bankers” pic.twitter.com/HI2DdO6ria — Jack Purdy (@jpurd17) July 10, 2019 JPMorgan, Bank of America, Deutsche Bank, Morgan Stanley, Citigroup, and Wells Fargo have recorded total returns in the range of -89 percent to -99…

Bitcoin’s Clobbering Bank Stocks So Badly It’s Not Even Funny

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According to data published by crypto research firm Messari, bitcoin has massively outperformed the largest banking stocks in the world over the past five years. In fact, the cryptocurrency is pummeling them so badly it’s not even funny anymore. They say a picture is worth a thousand words But this is worth 5: “Long bitcoin, short the bankers” pic.twitter.com/HI2DdO6ria — Jack Purdy (@jpurd17) July 10, 2019 JPMorgan, Bank of America, Deutsche Bank, Morgan Stanley, Citigroup, and Wells Fargo have recorded total returns in the range of -89 percent to -99…

Altcoins Join the Bitcoin Rally

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Bitcoin (BTC) has been on an astonishing run this year that has almost mirrored the astonishing rally back in 2017 when the cryptocurrency touched almost $20,000 per token. However, earlier on in July, the cryptocurrency experienced declines and went below the $10,000 level. Altcoins Moving Up However, that seems to be a thing of the past now as the coin has regained its gains and is soaring again on the back of excellent momentum. In addition to that, due to the surge experienced by Bitcoin, other cryptocurrencies like Ethereum (ETH),…

Derivatives in Crypto, Explained | Cointelegraph

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4. Cryptocurrencies are increasingly gaining popularity, and there are more traders who want to benefit from price fluctuations.  Bitcoin’s rate has had a wild ride over the past two years — surging to its all-time high around $19,800 and then losing one-third of its value in just a few days, continuing to drop throughout 2018 to as low as $3,200. However, in April 2019, things started to change again, and the current price of Bitcoin — over $12,171, as of press time — is far from pessimistic.  Bitcoin futures trading…

Ripple (XRP) Bleeding, Down 10.5% May Retest Q1 2019 Support

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Ripple (XRP) drops 10.5 percent SWIFT and rival platforms are not Ripple’s competitors Christine Lagarde will take over from Mario Draghi. According to analysts plus her previous comments on Ripple, this is bullish for XRP. However, that is not enough to prop XRP, which is down 10.5 percent in 24 hours. Ripple Price Analysis Fundamentals The so-called XRP Army is known for its ferocious protection of Ripple and XRP. Supporting the third most liquid asset in their swarm and vigor, they tear down critics-regardless of the objective or validity of…