May 6, 2020

Exchange Aggregator CoinSwitch Launches App in India

May 6, 2020 boss

Cryptocurrency exchange aggregator CoinSwitch will launch its CoinSwitch Kuber app on June 1 — exclusive to users in India. The mobile app will support over 100 coins, while also adding liquidity across all Indian exchanges to allow users to buy and sell using the Indian rupee. Users need to be verified with Know Your Customers and Anti-Money Laundering procedures before depositing rupees into their accounts. India had a fairly rocky relationship with crypto trading until March, when the Supreme Court overturned a ban imposed by the Reserve Bank of India. …

As Bitcoin Halving Looms, bitFlyer USA Rolls Out Instant Cash Deposits

May 6, 2020 boss

The crypto exchange bitFlyer USA has indicated that there will be no additional fee for instant deposits and customers will be able to deposit up to $1,000 per week. Popular cryptocurrency exchange bitFlyer USA has made instant deposits available for US traders ahead of bitcoin’s third halving. The launch will enable users on desktop and mobile apps to immediately access funds deposited from connected bank accounts to make swifter trades. Prior to the announcement, bitFlyer users frequently had to contend with wait times of 3-5 business days before deposits would…

ChromaWay Expands Effort to Put Latin American Land Records on the Blockchain

May 6, 2020 boss

Swedish startup ChromaWay is expanding a project aimed to make land ownership more transparent by putting records on a blockchain. With the launch of its LAC PropertyChain initiative, announced on Tuesday, the company hopes to strengthen blockchain standards, governance and protocols for land transactions in Bolivia, Peru and Paraguay. The initiative complements the LACChain initiative, a consortium of institutions across Latin America and the Caribbean aligned with the Washington, D.C.-based Inter-American Development Bank (IDB). The advance also marks the second phase of a land registry project, which began in 2019…

Bitcoin Price Criss-Crosses $9K as Peter Schiff Warns of ‘Collapse’

May 6, 2020 boss

Bitcoin (BTC) rose to take $9,000 yet again on May 6 as the mission to create new support levels continued. Cryptocurrency market daily overview. Source: Coin360 Analyst: BTC “doing well” even with $6K dip Data from Cointelegraph Markets showed BTC, the top-ranked cryptocurrency by market capitalization, grinding upwards overnight on Tuesday, having hit lows near $8,800. The past week has seen multiple crossings of the $9,000 boundary, with markets still undecided about the area’s strength. Bitcoin 1-day chart. Source: CoinMarketCap Previously, Bitcoin had beaten multiple resistance levels to rise from…

Celo Network Reveals Over 20 New Alliance Members

May 6, 2020 boss

Celo, a stablecoin payments network, has announced the addition of more than 20 new members to its “Alliance for Prosperity” ahead Celos’s mainet launch — which is currently expected for mid-May. The new alliance members have begun working to deliver mobile-friendly decentralized applications (DApps) built on top of Celo. The alliance’s total membership has now tagged 75 just two months after launching. Celo alliance membership grows by 50% The new additions include payment processors, digital asset wallet providers, custody providers, blockchain advocacy groups, privacy coins, stablecoins and teams seeking to…

Ripple (XRP) Hesitates, But Further Gains Above $0.22 Seem Likely

May 6, 2020 boss

Ripple is facing a couple of hurdles near $0.2220 against the US Dollar. XRP is likely to accelerate higher above $0.2220 unless the bulls lose control and the price drops below $0.2080. Ripple price is currently approaching the $0.2200 and $0.2220 resistance levels against the US dollar. It seems like a strong support base is forming near the $0.2120 and $0.2080 levels. There is a key bearish trend line forming with resistance near $0.2190 on the hourly chart of the XRP/USD pair (data source from Kraken). There could be a…