Day: September 30, 2019

Binance.US Opens Account Registration for Puerto Rico Residents

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The United States-based branch of major cryptocurrency exchange Binance, “Binance.US,” opened account registration and verification services for residents of Puerto Rico. According to an official announcement published on Sept. 30, Puerto Rico residents have the same levels of access as U.S. residents from those states already permitted to use the platform. The launch of Binance.US As reported, Binance.US went live on Sept. 24, offering 13 fiat-to-crypto and crypto-to-crypto trading pairs. These include major cryptocurrencies such as Bitcoin (BTC), Ether (ETH), XRP, Bitcoin Cash (BCH), Litecoin (LTC), Binance Coin (BNB) and…

Ripple Acquires Crypto Trading Firm to Expand Into Iceland

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Ripple continues its run of acquisitions, announcing an expansion into Iceland with its acqui-hire of crypto trading firm Algrim in a blog post on Sept. 30. Ripple strengthens European presence The acquisition adds six engineers to Ripple’s ranks. This new team will play an integral role in its On-Demand Liquidity (ODL) program. Per the announcement, Iceland will now serve as one of the company’s engineering hubs, joining London as another European base. Amir Sarhangi, Ripple’s vice president of products, said: “This team hits the ground running as opposed to building…

Bitcoin, Ether, and XRP Weekly Market Update September 30, 2019

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The total crypto market cap lost $53.2 billion of its value during the last seven days and now stands at $210.1 billion. The top 10 currencies are all in red for the same time frame with Bitcoin SV (BSV) and Bitcoin Cash (BCH) being the worst performers with 31.9 and 30.6 percent of loses respectively. By the time of writing bitcoin (BTC) is trading at $7,793 while ether (ETH) dropped to $166. Ripple (XRP) fell to $0.238 BTC/USD Bitcoin lost 2.7 percent of its value during the previous week and…

New Wyoming Law Will Protect Privacy of Wallet Keys

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Wyoming Blockchain Coalition president Caitlin Long hinted at two new prospective state laws she believes will be highly popular among cryptocurrency developers and owners. In an interview during Peter McCormack’s podcast on Sept. 27, the 22-year Wall Street veteran and cryptocurrency activist reflected on the pioneering crypto legislation already passed — and reportedly planned — in her home turf, the United States state of Wyoming. New laws would protect blockchain developers as well as privacy of wallet keys According to Long, the first of the two new laws to reportedly…

Bitcoin Price Tanks Below $8000 in Another Market Bloodbath

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Bitcoin price fails to hold the $8000 level support and slips below as the mounting selling pressure hint towards further downside ahead in the short term. Over the last one week, Bitcoin price has lost 20% of its valuation with its price going from above $10,000 to now below $8000 levels. The BTC price is down 3.55 in the last 24 hours making a low of $7836 according to CoinMarketCap. At press time, Bitcoin is trading at $7904 levels with a market $142 billion. In the last one week, Bitcoin…

Fundstrat’s Tom Lee Reminds Us of Bitcoin’s ‘Ten Best Days’ Rule

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Fundstrat co-founder Thomas Lee tweeted a timely reminder against panic-selling on Sept. 28, reminding that the majority of Bitcoin (BTC) gains come in the ten best trading days of the year. In fact, excluding these ten best days, BTC is down 25% per year. Fundstrat’s ‘rule of 10 best days’ In any given year, the vast majority of gains in Bitcoin price come in just the ten biggest trading days, according to this rule. During the last bull market of 2017, price rose an incredible 1,136% in those ten days.…

Binance Delists Trading Pairs, Some Include Tokens From Its Launchpad

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Major cryptocurrency exchange Binance announced on Sept. 30 that it is removing a batch of thirty trading pairs from its listings.  Curiously, six of those trading pairs involve tokens launched on Binance Launchpad Initial Exchange Offering (IEO) platform, namely BitTorrent (BTT), Elrond (ERD), Harmony (ONE) and WINk (WIN). Full list of trading pairs removed Whilst not all of the trading pairs delisted include Binance Launchpad tokens, a significant 20% of them do. The full list is as follows: “ANKR/PAX, ANKR/TUSD, ANKR/USDC, BCPT/PAX, BCPT/TUSD, BCPT/USDC, BTT/BTC, DENT/BTC, DOGE/PAX, DOGE/USDC, ERD/PAX, ERD/USDC,…

Bitcoin Price (BTC) Staging Another Dip Before It Could Recover

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Bitcoin price is declining and it recently traded to a new monthly low at $7,661 against the US Dollar. The price is trading in a downtrend and it is likely to test the $7,500 or $7,200 level in the near term. There is a key bearish trend line forming with resistance near $8,050 on the hourly chart of the BTC/USD pair (data feed from Kraken). The price could soon complete the current decline near $7,500 or $7,200 in the coming sessions. Bitcoin price is showing signs of more downsides below…

Bitcoin And Crypto Market Extending Decline: BCH, EOS, TRX, ADA Analysis

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The total crypto market cap is below $210.0B and is likely to extend its decline. Bitcoin price is trading below $8,000 and it is moving with a bearish angle. EOS price is down more than 2% and is approaching the $2.700 and $2.650 support levels. BCH price is facing resistance near the $225 level and it could revisit the $200 support area Tron (TRX) price is approaching the $0.0130 level and it might continue to decline. Cardano (ADA) price is down 5% and it recently broke the key $0.0385 support…

Ethereum (ETH) Price In Corrective Increase But Facing Hurdles

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ETH price managed to recover above $172, but it failed to continue above $180 against the US Dollar. The price is currently trading below the $170 support and it might retest the $165 or $162 support. There is likely a flag pattern forming with resistance near $171 on the hourly chart of ETH/USD (data feed via Kraken). The price could correct towards the $180 level in the coming sessions as long as above $162. Ethereum price is trading in a broad range after this past week’s decline versus the US…