Litecoin LTC

$42.98
Market Cap $ 2.543 Bn (#7)
24h Volume $ 687.449 MM
Chg. 24h: -14.05%
Algo. score 3.4/5  (#273)
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Litecoin News

Crypto Markets Continue To Toss And Turn: XRP and Ethereum (ETH) In Standoff

Crypto Still On Shaky Ground As reported by Ethereum World News on Wednesday, straight out of left field, Bitcoin (BTC) and its altcoin brethren tumbled, losing upwards of a dozen percent of their values in a few hours time. Within hours, the volume seen on BTC pairs reached multi-month highs, with charts expressing how quickly crypto assets blew through their levels of “support,” contributing to a rapidly growing sense of panic within the cryptosphere. More specifically, while many analysts have claimed that $5,800 is an integral level for BTC, “digital gold” fell from $6,400 to $5,600. Although the asset has since slowed, finding a floor at $5,700, the altcoin subset of digital assets has continued to collapse, with Bitcoin Cash (BCH) falling by 20%, while Stellar Lumens (XLM), EOS, Litecoin (LTC), XRP, and Ether, fell by 10-15%. Some have chalked up the strong move to the downside to Bitcoin’s lack of volatility, fundamental factors, a rumored institutional sell-off, Bitcoin Cash’s looming hard fork, along with a variety of other factors. The bottom line is that some remain divided on crypto’s sudden move. Aiming to bring clarity to this odd bout of market movement, Crypto Compare’s chief executive, Charlie Hayter, told Reuters: The market had been entering a wedge, with the volatility so low... What you are seeing low is a breakout on the downside. Sometimes when things happen, it takes a while for the true reason to become clear - an exchange trade or regulatory action. Barry Silbert, the founder and showrunner at Digital Currency Group, the firm behind CoinDesk, Grayscale Investments, and others, simply called this recent rut a bout of “capitulation.” Capitulation — Barry Silbert (@barrysilbert) November 14, 2018 While some cynics see “capitulation” as the perpetuation of bear markets, many of this industry’s leading researchers have claimed that such sell-offs could signal that bitcoin has bottomed. Still, it isn’t cut and dried. More specifically, optimists have claimed that for a recovery to occur, BTC will need to embark on a strong short-term rebound, pushing past $6,400 convincingly before establishing itself above higher levels of resistance. At the time, the cryptocurrency market has yet to show signs of returning to stable levels, but many are hoping for optimal results. XRP And Ethereum (ETH) Continue Tussle Per previous reports from Ethereum World News, Ripple’s XRP temporarily overtook Ether as the crypto industry’s second-most valuable crypto for a short period. However, since our original report, the two assets, which have both been at the forefront of crypto for years on end, have tossed and turned. Ether briefly overtook XRP on Wednesday night, but since its brief relative resurgence, the former has abdicated its spot to Ripple’s go-to asset. At the time of writing, XRP’s market capitalization is a mere 0.79% above that of Ethereum, making it likely that these standings could change on a dime. Crypto Bobby, commenting on this tussle, joked on Twitter: #XRPthestandard back to it’s rightful position pic.twitter.com/cXStUU7Y2W — Crypto Bobby (@crypto_bobby) November 15, 2018 Last time crypto assets fell sharply, XRP temporarily ousted Ether, but eventually fell to the wayside, as the native digital asset of the Ethereum Network eventually reclaimed its spot as the second most valuable cryptocurrency. This time, however, some XRP proponents are convinced that their favorite “crypto asset” will remain at the right hand of Bitcoin. But then again, there are a number of investors who would beg to differ. Title Image Courtesy of Zoltan Tasi on Unsplash The post Crypto Markets Continue To Toss And Turn: XRP and Ethereum (ETH) In Standoff appeared first on Ethereum World News.

an hour ago

Crypto Price Watch: Bitcoin (BTC) Plummets to Annual Low While Other Top Altcoins Also Face Market Heat

The past 24 hours have been rollercoaster of sorts for the crypto market, with the price of the world’s premier digital currency, Bitcoin, dropping by more than 10% late Wednesday afternoon. As a consequence of this, BTC was seen stooping to its 2017 low of $5,312 before gradually recovering (a little) and settling around the 5,742 mark (at press time). It is also worth noting that this fresh plunge comes right after it seemed as though Bitcoin had finally found some long-term market stability, with the digital asset even experiencing its lowest levels of monetary flux in nearly 16 months. After touching a mammoth price point of $20,000 late last year, many experts had predicted that Bitcoin would rise to over $50,000 by the end of 2018. However, as things stand, it appears as though matters are only going to get worse for the alt-coin sector moving forward. Ethereum (ETH) and Other Top Cryptos Also See Red In wake of this latest bear attack, we can see that both XRP and Ethereum are now once again looking to fight for the second spot in terms of overall market capitalization— with Ethereum’s market cap currently pegged around the $18.5 Bln threshold while XRP’s cap lays close to $18.2B. It is also worth noting that since yesterday afternoon, Ether and XRP have lost more than 13%, 10% of their respective values. Some of the other major casualties of this ongoing slump include: Bitcoin Cash (BCH): -18.40% Stellar (XLM): -10.30% EOS: -11.93% Litecoin (LTC): -13.29% Cardano (ADA): -14.64% Monero (XMR): -13.42% Lastly, it is worth mentioning that out of all the top 10 altcoins in the market, Tether (USDT) has been the only currency to stay in the green as well as witness a small gain in its intrinsic value (+0.04%). What’s Causing This Mayhem? While no one reason can be directly attributed to this present market freefall, it is being said that the ongoing ‘crypto civil war’ taking place between the backers of Bitcoin ABC and Bitcoin SV seems to be having an overall negative effect on the alt-asset investment community at large. For those not aware of the ongoing Bitcoin Cash saga, the premier currency is all set to undergo a hard fork— something that has left the BCH community divided, to say the least. Final Take While many had expected to see Ether’s value drop in the coming few days (since it was reported that a whale had recently shipped around 45,000 ETH tokens to a Binance wallet yesterday), this latest plunge has been confounding to say the least. All we can do now is to hope for the best and see how the coming few days and weeks play out for the alt-asset market. The post Crypto Price Watch: Bitcoin (BTC) Plummets to Annual Low While Other Top Altcoins Also Face Market Heat appeared first on NullTX.

2 hours ago

Litecoin Price Analysis: LTC/USD Drops To New 2018 Low Near $40

Litecoin price collapsed and traded below the $44.00 support against the US Dollar. LTC/USD traded close to $40.00 and it remains in a major downtrend. Key Talking Points Litecoin price is under a lot of selling pressure below the $44.00 support (Data feed of Kraken) against the US Dollar. There is a short term descending triangle forming with resistance at $42.50 on the hourly chart of the LTC/USD pair. LTC price remains at a risk of more losses towards the $40.00 and $30.00 levels. Litecoin Price Forecast Yesterday, we discussed that litecoin price turned bearish below the $50.00 support against the US dollar. The LTC/USD pair gained bearish momentum and declined below the $48.00 and $45.00 support levels. Looking at the chart, LTC price was under a lot of pressure as it declined to a new yearly low below $42.00. The price traded close to the $40.00 handle and it is currently well below the 100 hourly simple moving average. A low was formed at $40.27 and later the price corrected higher. It moved above the $42.00 level and the 23.6% Fib retracement level of the recent slide from the $49.98 high to $40.27 low. However, gains were protected by the $44.00 resistance, which was a resistance earlier. More importantly, there is a short term descending triangle forming with resistance at $42.50 on the hourly chart of the LTC/USD pair. Therefore, there is a risk of more losses below the $42.00 and $40.00 support levels in the near term. On the other hand, if there is an upside correction above the $42.50 resistance, the price may test the $45.00 resistance. The 50% Fib retracement level of the recent slide from the $49.98 high to $40.27 low is also around $45.00 to act as a solid barrier. Overall, litecoin price decline looks real below $50.00 and $45.00. Any upside correction from the current levels could face sellers near $44.00, $45.00 or $48.00. On the downside, the main support is at $40.00, below which the price could drop to $38.00. The market data is provided by TradingView. The post Litecoin Price Analysis: LTC/USD Drops To New 2018 Low Near $40 appeared first on Ethereum World News.

3 hours ago

Litecoin [LTC]’s ecosystem sees aggressive adoption; scams continue to defame the coin

Litecoin has been facing a lot of aggressive adoption in recent days with the help of Charlie Lee and other members of the Litecoin community. Litecoin is being accepted as a form of payment at various places in the US. Restaurants in New Jersey and a few stores are accepting Litecoin and online payments for purchasing services or products. Charlie Lee in an interview gave his insights for creating Litecoin. He said: “I see Litecoin complimenting Bitcoin in being good sound money. One being digital gold and another being digital silver. So Litecoin is cheaper to spend and faster than Bitcoin. And with Bitcoin, there’s nobody to dictate, while with Litecoin I am present, which is good and bad.” Surf Air Express announced that Litecoin and Bitcoin will both be accepted as a form of payment for air travels. The news of the announcement was also tweeted on their official Twitter. Source: Twitter Besides the adoptions, Litecoin network saw a huge transaction worth $62 million that took place recently which transferred a total of ~1.2 million LTC to a new MultiSig SegWit wallet. The address that received LTC is currently the richest address on the Litecoin network. The transfer of 1.2 million LTC cost a mere $0.50 which otherwise would have taken hefty fees if done through traditional banking systems. Despite Charlie Lee’s efforts and speeches for the adoption of cryptocurrency, there have been people who are trying to get their hands on cryptocurrencies illegally. An Arizona-based man was recently fined a total of $1.146 million in restitution by the CFTC [Commodity Futures Trading Commission]. The post Litecoin [LTC]’s ecosystem sees aggressive adoption; scams continue to defame the coin appeared first on AMBCrypto.

4 hours ago

Rosetta Coffee Company Now Accepts Cryptocurrency Payments Via New E-Commerce Platform

Rosetta Coffee, a Lynchburg, Virginia-based “small batch specialty coffee roaster”, has announced that it will be accepting cryptocurrency payments. Shopping Cart Elite’s e-commerce platform will be used by the Rosetta Coffee company to accept payment in the following digital currencies: Bitcoin Diamond (BCD), Bitcoin Cash (BCH), Bitcoin (BTC), Dash (DASH), Ethereum (ETH), Litecoin (LTC) and...

7 hours ago

Bitcoin Dips To Its Lowest Level This Year, Ether, XRP, EOS Shed 15 Percent

It’s been a bearish year for the cryptocurrency industry, but today marks a new low for the king of cryptos. Bitcoin shed over 12 percent to hit its lowest level since October last year, with other cryptos following suit. In what has been a day to forget for the industry, Ethereum, Ripple, Stellar and EOS all shed 15 percent in a few hours, with nearly all major cryptos seeing double-digit losses. With its hard fork slated for tomorrow, Bitcoin Cash wasn’t spared either and lost 20 percent, the largest loss in the top 20. A Market In Turmoil At press time, Bitcoin was trading at $5,540 having lost 12.8 percent in the past 24 hours according to CoinMarketCap. This was the aggregated price, with some markets noting even lower prices. One of these is BitMEX in which Bitcoin was trading at $5,300. It’s worth noting that BitMEX accounts for the highest percentage of Bitcoin daily trading volume and therefore has major influence on the overall price. Currently, it accounts for 35 percent of the volume, miles ahead of the second-placed OKEx which accounts for 2.9 percent. Bitcoin wasn’t doing well on Coinbase Pro either where it was trading at $5,340. Other markets in which Bitcoin was heavily battered include Tokyo, Japan-based Liquid, San Francisco-based Kraken and European exchange Bitstamp, all of which traded below $5,350. Interestingly, markets supporting the South Korean won experienced much higher prices, with Coinbit, Upbit, Bithumb and GDAC all registering upwards of $5,800. This is Bitcoin’s lowest price for the year and the first time it has traded below $5,500 since mid-October 2017. Back then, Bitcoin started quickly rising and just two months later, it achieved its record highs, just below $20,000, a trend many investors hope it will reprise. The sharp and unexpected decline comes after weeks of extremely low volatility, with Bitcoin at one point being less volatile than the U.S stocks. It also comes at a time when many have been predicting a bull run, including the renowned Binance CEO, Changpeng Zhao. CZ, as he is fondly known, stated recently that while he is not certain what will cause the bull run, he knows it’s about to happen. The reason for the sudden slump may not become clear immediately, the founder of analytics site CryptoCompare stated. Speaking to Reuters, Charlie Hayter stated: The market had been entering a wedge, with the volatility so low. What you are seeing low is a breakout on the downside. Sometimes when things happen, it takes a while for the true reason to become clear - an exchange trade or regulatory action. The other cryptos weren’t spared either. Ethereum shed 14 percent to trade at $177, an astonishing 87 percent drop from its January peak. The largest altcoin traded as low as $155 on some exchanges such as CoinZest, the lowest it has traded since May last year. XRP lost 10 percent, EOS lost 12 percent, Litecoin 14 percent and Stellar 13 percent. Bitcoin Cash was the biggest loser in the top 20 at 20 percent, trading at $436 at press time. This represents a 30 percent decline from its price after the short rally experienced a week ago. It could get worse for BCH as its hard fork is set to go down tomorrow. The post Bitcoin Dips To Its Lowest Level This Year, Ether, XRP, EOS Shed 15 Percent appeared first on NullTX.

9 hours ago

Bitcoin Dips To Its Lowest Level This Year, Ether, XRP EOS Shed 15 Percent

It’s been a bearish year for the cryptocurrency industry, but today marks a new low for the king of cryptos. Bitcoin shed over 12 percent to hit its lowest level since October last year, with other cryptos following suit. In what has been a day to forget for the industry, Ethereum, Ripple, Stellar and EOS all shed 15 percent in a few hours, with nearly all major cryptos seeing double-digit losses. With its hard fork slated for tomorrow, Bitcoin Cash wasn’t spared either and lost 20 percent, the largest loss in the top 20. A Market In Turmoil At press time, Bitcoin was trading at $5,540 having lost 12.8 percent in the past 24 hours according to CoinMarketCap. This was the aggregated price, with some markets noting even lower prices. One of these is BitMEX in which Bitcoin was trading at $5,300. It’s worth noting that BitMEX accounts for the highest percentage of Bitcoin daily trading volume and therefore has major influence on the overall price. Currently, it accounts for 35 percent of the volume, miles ahead of the second-placed OKEx which accounts for 2.9 percent. Bitcoin wasn’t doing well on Coinbase Pro either where it was trading at $5,340. Other markets in which Bitcoin was heavily battered include Tokyo, Japan-based Liquid, San Francisco-based Kraken and European exchange Bitstamp, all of which traded below $5,350. Interestingly, markets supporting the South Korean won experienced much higher prices, with Coinbit, Upbit, Bithumb and GDAC all registering upwards of $5,800. This is Bitcoin’s lowest price for the year and the first time it has traded below $5,500 since mid-October 2017. Back then, Bitcoin started quickly rising and just two months later, it achieved its record highs, just below $20,000, a trend many investors hope it will reprise. The sharp and unexpected decline comes after weeks of extremely low volatility, with Bitcoin at one point being less volatile than the U.S stocks. It also comes at a time when many have been predicting a bull run, including the renowned Binance CEO, Changpeng Zhao. CZ, as he is fondly known, stated recently that while he is not certain what will cause the bull run, he knows it’s about to happen. The reason for the sudden slump may not become clear immediately, the founder of analytics site CryptoCompare stated. Speaking to Reuters, Charlie Hayter stated: The market had been entering a wedge, with the volatility so low. What you are seeing low is a breakout on the downside. Sometimes when things happen, it takes a while for the true reason to become clear - an exchange trade or regulatory action. The other cryptos weren’t spared either. Ethereum shed 14 percent to trade at $177, an astonishing 87 percent drop from its January peak. The largest altcoin traded as low as $155 on some exchanges such as CoinZest, the lowest it has traded since May last year. XRP lost 10 percent, EOS lost 12 percent, Litecoin 14 percent and Stellar 13 percent. Bitcoin Cash was the biggest loser in the top 20 at 20 percent, trading at $436 at press time. This represents a 30 percent decline from its price after the short rally experienced a week ago. It could get worse for BCH as its hard fork is set to go down tomorrow. The post Bitcoin Dips To Its Lowest Level This Year, Ether, XRP EOS Shed 15 Percent appeared first on NullTX.

9 hours ago

Queda Bitcoin: Menor preço do ano. Possíveis motivos

Por: Livecoins O Bitcoin caiu para o menor valor do ano nesta quarta-feira (14), rompendo o nível de suporte de US $ 6.000 e causando uma onda de vendas na moeda digital e outras criptomoedas no que tem sido uma queda prolongada no mercado que começou no início deste ano. A principal criptomoeda do mercado já perdeu 12% de valor e atualmente está sendo negociada por US $ 5480,09 de acordo com dados do Coinlib. Bitcoin em queda, 14/09. Imagem: Coinlib A queda do Bitcoin afetou outras criptomoedas. Ethereum, a segunda maior do mercado, caiu para o menor valor dos últimos dois meses: 15%, sendo negociada agora por US $ 172,41. Os principais ativos digitais do mercado como XRP, Stellar, EOS, Litecoin e Cardano estão acumulando baixas de 15% a 18%. O colapso das criptomoedas desta quarta-feira empurrou a capitalização de mercado para menos de US $ 176 bilhões pela primeira vez desde meados de setembro, de acordo com dados do coinlib. Principais criptomoedas em queda, 14/09. Imagem: Coinlib Motivos da queda do Bitcoin Alguns especialistas do mercado sugerem que o hard fork do Bitcoin Cash que acontecerá amanhã, ou, em termos menos técnicos, a divisão do bitcoin cash - outra criptomoeda baseada no bitcoin - em duas criptomoedas diferentes, é um dos motivos que causou a volatilidade. Especialistas do RadarBTC levantaram alguns dados que podem estar causando a queda do Bitcoin, entre elas, a Binance, maior corretora de criptomoedas do mundo ficar fora do ar para manutenção no início do dia, inflação de algumas altcoins e outros motivos. A equipe do RadarBTC ressaltou que “apontar um único motivo é irrelevante.” Análise Radar BTC. Imagem: Reprodução Radar BTC. Clique na imagem para ampliar Outros especialistas acreditam que a queda é motivada pelo vencimento de contratos futuros do Bitcoin que você pode ver aqui. No geral, a maioria dos analistas afirmam que as perspectivas para o bitcoin permanecem incertas, com previsões de longo prazo dependentes da moeda virtual se tornar uma reserva de valor confiável ou um mecanismo de pagamento viável. Aproximadamente US $ 34 bilhões foram eliminados da capitalização total de mercado das criptomoedas. O valor atual de US $176 bilhões é assustador para alguns, mas para outros é uma oportunidade de compra. Há sinais crescentes de maior participação institucional no bitcoin, como o aumento da demanda por um fundo negociado em corretoras e aumento do volume de contratos futuros de bitcoin, disseram analistas. Mas eles observaram que a participação real permanece baixa entre os investidores institucionais e de varejo. Não é primeira vez que o Bitcoin perde tanto valor em um único dia. Em 2014 a moeda perdeu 58% em valor de mercado mas se recuperou em 35% no ano seguinte e mais 1700% nos outros dois anos até 2017. É difícil prever o que vai acontecer de agora em diante, e é possível perceber um efeito de pânico nas pessoas que estão abandonando suas posições e vendendo bitcoin a preço de banana. Se por um lado é ruim, quem estava esperando uma baixa pra comprar está aproveitando e comprando Bitcoin em promoção. Blackfriday antecipado. Com informações da AFR , RadarBTC, CryptoNewsreviews e Nasdaq O artigo Queda Bitcoin: Menor preço do ano. Possíveis motivos apareceu primeiro em Livecoins.

9 hours ago

Bitcoin cai para o menor preço do ano. Possíveis motivos

Por: Livecoins O Bitcoin caiu para o menor valor do ano nesta quarta-feira (14), rompendo o nível de suporte de US $ 6.000 e causando uma onda de vendas na moeda digital e outras criptomoedas no que tem sido uma queda prolongada no mercado que começou no início deste ano. A principal criptomoeda do mercado já perdeu 12% de valor e atualmente está sendo negociada por US $ 5480,09 de acordo com dados da Coinlib. Bitcoin em queda, 14/09. Imagem: Coinlib A queda do Bitcoin afetou outras criptomoedas. Ethereum, a segunda maior do mercado, caiu para o menor valor dos últimos dois meses: 15%, sendo negociada agora por US $ 172,41. Os principais ativos digitais do mercado como XRP, Stellar, EOS, Litecoin e Cardano estão acumulando baixas de 15% a 18%. O colapso das criptomoedas desta quarta-feira empurrou a capitalização de mercado para menos de US $ 176 bilhões pela primeira vez desde meados de setembro, de acordo com dados do coinlib. Principais criptomoedas em queda, 14/09. Imagem: Coinlib Motivos da queda do Bitcoin Alguns especialistas do mercado sugerem que o hard fork do Bitcoin Cash que acontecerá amanhã, ou, em termos menos técnicos, a divisão do bitcoin cash - outra criptomoeda baseada no bitcoin - em duas criptomoedas diferentes, é um dos motivos que causou a volatilidade. Especialistas do RadarBTC levantaram alguns dados que podem estar causando a queda do Bitcoin, entre elas, a Binance, maior corretora de criptomoedas do mundo ficar fora do ar para manutenção no inicio do dia, inflação de algumas altcoins e outros motivos. A equipe do RadarBTC ressaltou que “apontar um único motivo é irrelevante.” Análise Radar BTC. Imagem: Reprodução Radar BTC. Clique na imagem para ampliar Outros especialistas acreditam que a queda é motivada pelo vencimento de contratos futuros do Bitcoin que você pode ver aqui. No geral, a maioria dos analistas afirmam que as perspectivas para o bitcoin permanecem incertas, com previsões de longo prazo dependentes da moeda virtual se tornar uma reserva de valor confiável ou um mecanismo de pagamento viável. Aproximadamente US $ 34 bilhões foram eliminados da capitalização total de mercado das criptomoedas. O valor atual de US $176 bilhões é assustador pra uns, mas pra outros é uma oportunidade de compra. Há sinais crescentes de maior participação institucional no bitcoin, como o aumento da demanda por um fundo negociado em corretoras e aumento do volume de contratos futuros de bitcoin, disseram analistas. Mas eles observaram que a participação real permanece baixa entre os investidores institucionais e de varejo. Não é primeira vez que o Bitcoin perde tanto valor em um único dia. Em 2014 a moeda perdeu 58% em valor de mercado mas se recuperou em 35% no ano seguinte e mais 1700% nos outros dois anos até 2017. É difícil prever o que vai acontecer de agora em diante, e é possível perceber um efeito de pânico nas pessoas que estão abandonando suas posições e vendendo bitcoin a preço de banana. Se por um lado é ruim, quem estava esperando uma baixa pra comprar está aproveitando e comprando Bitcoin em promoção. Blackfriday antecipado. Com informações da AFR , RadarBTC, CryptoNewsreviews e Nasdaq O artigo Bitcoin cai para o menor preço do ano. Possíveis motivos apareceu primeiro em Livecoins.

10 hours ago

A Lightning Network simplificada. Avanços significativos Bitcoin e Litecoin

Por: Livecoins Foi realmente um prazer fazer parte do primeiro encontro do Litecoin (LTC) em Orange County, Califórnia. O evento organizado pela equipe da Litecoin de voluntários da costa oeste apresentou uma apresentação fantástica do palestrante convidado, Andrew Yang, também conhecido como @Ecurrencyhodler na comunidade de cripto moedas. Autor do livro “Understanding Litecoin” e COO do BlockFuse, Andrew focou sua apresentação na nova tecnologia da Lightning Network. Ele explicou vários pontos sobre como a Lightning Network pode ajudar a resolver o problema de escalabilidade do Bitcoin e do Litecoin. Um agradecimento especial ao meu marido por abrir seu espaço de trabalho, Travertine Market, para a realização desse evento. Isso nos permitiu tornar este evento gratuito para todos. A tecnologia da Lightning Network é uma notícia muito promissora para a comunidade do Bitcoin e Litecoin. Neste artigo vou apontar as razões principais. Ao mesmo tempo, a Lightening Network também foi criticada pela comunidade do Bitcoin Cash. Deixe-me explicar o porquê ... A comunidade do Bitcoin Cash, no ano passado, optou por se separar do blockchain original do Bitcoin. E adotou um aumento de bloco e uma nova moeda chamada Bitcoin Cash. Eles afirmaram que o aumento do bloco resolveu o problema da escalabilidade, e isso realmente aconteceu temporariamente, no entanto, essa solução se mostra insustentável. Por MamãeCrypto Em sua apresentação, Andrew ressalta que, com o passar do tempo, o aumento do bloco leva a um problema computacional pois também aumenta o tamanho da blockchain. Com isso, o processo deixa de ser lucrativo para o indivíduo que mantém um “node” em seu computador, mas continua sendo lucrativo para grandes empresas mineradoras. Conseqüentemente, colocando em risco as principais raízes da descentralização. Por outro lado, a Lightning Network acabou de lançar uma solução muito inteligente para esse problema. Com essa solução não se altera os valores originais que foram definidos por Satoshi Nakamoto. É uma solução que funciona paralelamente. Auxiliando a rede e permitindo pagamentos múltiplos em uma transação e pagamentos mais rápidos e mais complexos. Pagamentos através do Lightening Network são executados fora do blockchain. Um atalho que nos poupa de esperar 6 confirmações (em média 15 minutos para o Litecoin e 1 hora para o Bitcoin). Isso é possível através do uso de (channel) canais. Quais são as ramificações dessa tecnologia? A implementação da rede Lightning pode trazer duas vantagens significativas. Processamento mais rápido, como mencionado acima, e a prevenção de congestionamento da rede. Com a rede Lightning, as possibilidades de uso de Bitcoin e Litecoin se expandem. Um deles é a possibilidade de terminais de ponto de venda. É possível concluir uma compra sem aguardar a confirmação e ao mesmo tempo mantendo a transação segura. Mas como se as 6 confirmações não foram concluídas? Bem através de um canal que está aberto, o que de certo modo guarda (segura) os fundos por um curto período de tempo, até que a transação seja finalizada. Além disso, após esperar 6 confirmações, o comerciante ou individuo está seguro da finalização do pagamento na blockchain. Desobstruir ou descongestionar a rede também é um enorme benefício trazido pela tecnologia Lightning Network. De fato, com a implementação da rede, agora é possível enviar vários pagamentos em uma só transação, eliminando as taxas incorridas em cada transação e simplificando o processamento de pagamentos. Muitas outras vantagens também foram destacadas, pois o protocolo facilita os processos contábeis e permite a criação de contas e relações de pagamento que podem ser mantidas ao longo do tempo. Por um canal aberto que facilita as transações fora da rede e somente é processado quando o canal é finalizado. Aplicações fantásticas certamente serão construídas usando este recurso. Se você gostaria de conhecer todos os aspectos técnicos do Lightning Newtwork, escute o podcast de Andrew D. Yang, que será lançado na quarta-feira, 14 de novembro na The Litecoin School of Crypto. Foi verdadeiramente esclarecedor. Finalmente, abaixo segue o vídeo de Elizabeth Stark, CEO da Lightning Labs e Lead Developer desse projeto. Vídeo exclusivo do Canal MamãeCrypto gravado durante o evento Litecoin Summit realizado em San Francisco em Outubro de 2018. Nesse dia ela anuncia a conclusão deste maravilhoso projeto que realmente tem o poder de levar a cultura Cripto para novo nível de adoção. Assista parte de seu discurso e sinta sua animação contagiante. Para mais novidades se inscreva no blog MamãeCrypto O artigo A Lightning Network simplificada. Avanços significativos Bitcoin e Litecoin apareceu primeiro em Livecoins.

11 hours ago

Bearish Market Hits Cryptocurrencies Hard; Is The Market Recovering Anytime Soon?

Are bearish markets real? Do they affect many cryptocurrencies at the same time? Yes. Yesterday, the bearish market was highly pronounced, unexpectedly hitting down all top 28 cryptocurrencies, yes 28. In a straight bearish movement, tokens from Bitcoin downwards closed with significant losses, BAT and Maker managed to dodge the bullets for split seconds and fell right back. Out of all top 100 cryptocurrencies according to data from coinmarketcap, only 18 tokens attained gains for a short while in the last 24hrs. While the bearish market hit the Ethereum for two days, Bitcoin surprised traders yesterday and almost fell below the $6,300 level for the second time in November. Trading volume fell by 0.30%, Market cap totaled at $110.67 B. Ethereum’s trading price struggled to maintain stability, leaving traders highly skeptical as it staggers to strengthen its grip on a $207.56 per Ether but is likely to lose momentum and possibly make a comeback from the $150 to $190 resistance level. Ripple’s outstanding performance yesterday was short lived as the token has now lost over 2.09% and cornered at $0.510597 for a short period of time. As of the time of writing Ripple is still shedding trading price as losses for today have already risen up to 1.71%. Stellar, Litecoin, Cardano, Tron and EOS are not exempted from this crisis, the tokens have pushed and pulled but repeatedly failed to break out of their nearest resistance level. Stellar has descended the most with a loss of 4.07%, following the same suit, Tron has also gone down by 2.32%. Meanwhile, Bitcoin Cash has surprisingly managed to navigate through the bearish market with slight gains ahead of its upcoming hard fork. BCH skyrocketed to an all-time daily high of $532.58, nearly breaking resistance to hold up at $600. As of this writing, BCH has amassed gains of 1.42% with a trading price of $515.31. The post Bearish Market Hits Cryptocurrencies Hard; Is The Market Recovering Anytime Soon? appeared first on ZyCrypto.

11 hours ago

Bitcoin & Litecoin Adoption gets a Luxury Boost, ATMs Ready for a Big Kick

Cryptocurrency adoption is constantly on the rise. Bitcoin and Litecoin are being accepted by Surf Air Express for membership. Recently, luxury watch manufacturer Hublot also unveiled its limited edition watch that can only be purchased with Bitcoin. Meanwhile, Bitcoin ATMs are close to crossing 4k worldwide with another boost coming with Germany’s only regulated trading venue for digital currencies acquiring a bank. Pay for Luxury with Bitcoin & Litecoin Bitcoin and Litecoin can also be used to pay for air travels as Surf Air Express announced Surf Air Express X Cryptocurrency. Surf Air Express basically arranges travel and other services solely as a manager of the Surf Air membership program and offers flight prices comparable to business and last-minute economy. The company is “now accepting Litecoin and Bitcoin for their Indiegogo campaign. Purchase your Surf Air Express Membership with cryptocurrency.” The official announcement on its website reads, “The future of travel meets the future of money, We’re proud to offer Litecoin as a payment method for Surf Air Express. Apply now and purchase your Surf Air Express Membership or flight packages.” Its network includes San Francisco/Bay Area, Los Angeles, Santa Barbara, San Diego, Truckee, Napa, Monterey, and Las Vegas in California and Austin, Dallas, Houston, and Midland in Texas. Another boost came into the form of luxury watch manufacturer Hublot. In order to celebrate the 10th anniversary of Bitcoin, Big Bang Meca-10 P2P has been made available online for purchase that will cost USD$25,000. Hublot is exploring these avenues in partnership with OSL, whose Chairman and co-founder Dave Chapman shares, OSL is excited to collaborate with Hublot and LVMH, an industry leader in the luxury world, to enable a digital asset industry first. As investors are increasingly looking to diversify their investment portfolio by adding digital assets with generally low correlations to traditional asset classes, we are committed to providing our clients with industry leading trading solutions to support their investment journey. Bitcoin ATMs gets a Swift Kick The total number of Bitcoin ATMs worldwide has reached just about 4,000 according to Coin ATM Radar. Among these, Litecoin is supported by 2,325 ATMs. Another big jump would be coming with Bitcoin Group SE that is going to venture into ATMs. One of the biggest crypto exchange of Europe, Bitcoin.de has recently acquired a bank Tremmel Wertpapierhandelsbank GmbH, “The acquisition will significantly expand the services offered by Bitcoin Group SE, which operates Bitcoin.de, Germany’s only regulated trading venue for digital currencies.” Leading to the expansion of cryptocurrencies in Germany and Europe this news has the crypto community excited as one enthusiast shares, HUGE Bitcoin news: One the biggest European exchanges https://t.co/8IGDQWk2Wd has bought bank and gained banking license. They plan a massive expansion with 4000 Bitcoin ATMs across Germany. https://t.co/6Gx4tFm0Lq — Ameero (@ameero1) November 13, 2018 The official announcement shares, this acquisition will help, Bitcoin Group SE’s ability to issue its own cryptocurrency products, carry out proprietary trading in cryptocurrencies, and operate cryptocurrency ATMs is now available under the securities service provider’s banking license. The post Bitcoin & Litecoin Adoption gets a Luxury Boost, ATMs Ready for a Big Kick appeared first on Coingape.

11 hours ago

SimpleFX Comes up With an Impressive 50% Black Friday Discount!

Black Friday is coming. It’s another US tradition that has gone global. The day after Thanksgiving all businesses offer amazing discounts to celebrate the beginning of the end-of-the-year shopping season. Black Friday starts a worldwide campaign to boost retail spending. On Black Friday there are promotions everywhere. The retail stores aim at emptying their stock before the end of the year. That’s why they often open at dawn and offer radical deals on overstocked goods. Although most analysts argue the event has no predictable effect on the financial market’s long-term, that is it doesn’t make them perform better in Q4, Black Friday definitely has a short-term effect and may affect the volatility of some stocks and instruments. SimpleFX wants you to have one more reason to trade that day. On November 23 SimpleFX is cutting the spread on each transaction done with SimpleFX by half. It’s a total, unlimited 50% discount for every trade! Let’s do it, let’s pump up the trading volume on every instrument on Black Friday. Here are the rules: The discount will apply to transactions opened between 22:05 UTC on November 22 to 21:50 UTC on November 23, 2018. Reduced spread by 50% for all trades on every symbol: Cryptocurrencies, Forex, Indices, Commodities, Metals, and Equities. Make sure you`re ready to take the opportunity. Just you add funds to your trading account before the Black Friday frenzy begins. Here’s how to do it. Log into SimpleFX and choose a Live Account you plan to trade with. For fiat money accounts - in EUR or USD - you can choose one of the leading e-money transfer services - Skrill or Neteller. The advantage is that they both will fund your account instantly and you will pay no fees. Minimum for these transfers is set at an equivalent for 20 USD. Once you choose the amount you’d like to send to your SimpleFX account via Skrill or Neteller, you will be redirected to their sites to complete the operation. If you are trading with a cryptocurrency account - Bitcoin, Bitcoin Cash, Dash, Ethereum or Litecoin - you can make a deposit directly in this currency. There are neither fees or minimum deposits for this payment method. However, they take some time to fund. Usually several minutes, but sometimes up to 1 hour. Choose the transfer method and use the text or QR code key to connect with your crypto wallet. Add funds to any of your accounts and get ready for the Black Friday trading with 50% of the spreads. Choose any account and any instrument and enjoy! The post SimpleFX Comes up With an Impressive 50% Black Friday Discount! appeared first on Live Bitcoin News.

11 hours ago

Finbitex: A Trading Platform by the Experts

Cryptocurrency trading is one of the most lucrative trading experiences one can have, thanks to the volatility of the assets, not to mention the most-anticipated end-of-the-year crypto bull-run. When it comes to executing profitable trades, a reliable brokerage firm or trading platform is very important, and what’s better than something that has been developed by highly experienced professional traders. Platform by the Traders, for Traders Finbitex is one such platform that has made a name for itself within less than a year of operation. The founders of the platform are dedicated finance professionals with over 50 years of collective experience dealing with Forex, Commodities, Crypto and Banking sectors. Finbitex started as a 4-member operation which has now grown to a 48 strong company with multiple offices. The total user base of Finbitex currently stands at over 5000, set to grow further in no time. Users on Finbitex are treated with a feature-rich platform. It uses the all too familiar TraderSoft trading software for CFDs which is quite popular among crypto traders and forex brokers. Currently, Finbitex supports about 40 odd tokens including the popular Bitcoin, Ethereum, Monero, Litecoin, Ripple and more. In addition to all the trade offerings, the platform also packs a lot of information, educational material and other resources needed to make the right trading decisions. Customer satisfaction and security of funds are some of the main priorities of Finbitex. The platform has a dedicated customer support team which works 6-days a week, addressing any concern the clients may have. In addition, accounts on the platform are managed by real people, which adds a much more personal touch with dedicated service. All the user funds on the platform are stored in cold wallets, keeping them safe from hackers and cybercriminals. Features The background of Finbitex’ creators has helped the platform put together a set of features that are very useful for the trading community. Some of these platform features include Reliable trading signals provided by PIAFirst Low trading amount of $25, with accounts starting with as less as $250 Trading bot support Provision of in-depth market research data along with analytical tools for interpretation, forecasting and decision making Account Types and Bonus Offering Finbitex has an option for everyone based on their varying levels of expertise and requirements. There are 5 different account types, of which 4 are Basic Account, Silver Account, Gold Account and Platinum Account with 20%, 60%, 80%, and 100% respectively. And then there is the special VIP managed Black Account. All account types offer educational resources, along with market reviews, webinars and more. Deal Sweeteners Finbitex is known to offer the best arbitrage deals. In addition, the platform also provides its prominent customers having accounts holding over 100 BTC with cryptocurrency debit cards. It allows the cardholders to spend their cryptocurrency just like fiat in any of the online or brick and mortar stores. And finally, irrespective of the account type, users can always opt for on-demand signals to make the most profitable trades. Learn more about Finbitex and start trading at - https://finbitex.com Image: Pixabay The post Finbitex: A Trading Platform by the Experts appeared first on Live Bitcoin News.

11 hours ago

Altcoins Tank 10%, Bitcoin 4% in Surprise Rout Amid Stable Period

Cryptocurrency prices have taken a tumble today in what appears to be sudden rout highlighted by an afternoon selloff across the board, surprising traders getting used to weeks of relative stability in prices. As of 5.20 pm GMT on 14 November, Ripple posted the biggest daily loss in the Top 10, shedding 15% of its value to around USD 453.88. Bitcoin itself seemed to have weathered the storm better than others, losing just over 6% and breaching the USD 6,000 for the first time since June 2018. Ethereum, Bitcoin Cash, Stellar, EOS, Litecoin and Cardano fared little better as the other Top 8 ranked, posting 11% - 14% losses. There does not appear to be any primary cause for the sell-off, although some are wondering if the October shocks in traditional stock markets have prompted traders to liquidate cryptocurrency in preparation for what Bank of America warned yesterday was a “Big Low” coming for the stock markets. Follow BitcoinNews.com on Twitter: @bitcoinnewscom Telegram Alerts from BitcoinNews.com: https://t.me/bconews Want to advertise or get published on BitcoinNews.com? - View our Media Kit PDF here. Image Courtesy: Freerangestock The post Altcoins Tank 10%, Bitcoin 4% in Surprise Rout Amid Stable Period appeared first on BitcoinNews.com.

11 hours ago

Rosetta Coffee Adopts Crypto for International Export, Improved Farmer’s Pay

The Rosetta Coffee Company has announced that it will begin accepting Bitcoin, Bitcoin Diamond, Bitcoin Cash, Dash, Litecoin, and Zcoin. This will allow Rosetta Coffee to export internationally for the first time, and to increase their farmer’s wages by sending cryptocurrency directly to them, cutting out middlemen. Chargebacks had been such an issue when exporting coffee internationally that Rosetta Coffee had cut off all potential international clients. Now that the company is accepting cryptocurrency, which is immutable and irreversible, it can export coffee to anywhere in the world without risk. Co-founder Aaron Skeen says, “We have always been restricted from selling to international customers due to poor merchant protection from Visa and Mastercard. We are excited that cryptocurrency allows us to start offering our coffee to new international customers, knowing that the purchase is guaranteed no matter which country they are located in.” Beyond this, fiat payment networks regularly deal with payment delays, lack of security and high fees. Accepting cryptocurrency will mitigate all of these problems. Rosetta Coffee’s network of coffee bean farmers will see this as steps towards more efficient payments and lower fees, translating to higher income. Skeen says, “Cryptocurrency allows them to receive payment directly and immediately without paying a middleman. They will be able to take home more of what they earn. We think this is awesome and it aligns directly with our mission. In the coming weeks and months, we will be working with farmers to iron out this process and make it more accessible.” Rosetta Coffee is a small batch coffee company based in the United States that has only been around since 2006. Follow BitcoinNews.com on Twitter: @bitcoinnewscom Telegram Alerts from BitcoinNews.com: https://t.me/bconews Want to advertise or get published on BitcoinNews.com? - View our Media Kit PDF here. Image Courtesy: Pixabay The post Rosetta Coffee Adopts Crypto for International Export, Improved Farmer’s Pay appeared first on BitcoinNews.com.

11 hours ago

Chinese Mining Farms Undergo Tax Inspection, Michigan Bans Campaign Donations in Cryptocurrency

In recent regulatory news, we report on an authorized mining company in China that has had its operations temporarily halted for tax inspection and implementation of real-name registration processes. We also look at the Michigan Secretary of State’s ban on crypto-based political donations, as well as the recent certification of X8’s stablecoin for Shariah compliance. In addition, we focus on the operator of a fraudulent cryptocurrency scheme who has been punished for misappropriating $601,000 in BTC and LTC from his employer. Also Read: President of Marshall Islands Challenged Over Cryptocurrency Plan Chinese Mining Farms Suspended According to a statement published by an unidentified cryptocurrency mining company, Chinese state agencies have ordered the suspension of its mining farms in southwestern Guizhou Province and the Xinjiang Uyghur Autonomous Region for tax inspections and to implement real-name registration processes. “According to the needs of the public security department’s network information security work, in the future, our company will implement higher standards for the company’s business real-name system according to the work needs of the public security department,” the anonymous company said. “For customers with the latest standard real-name systems, the data center will have to suspend reloading, restarting, moving in and out, etc.” Michigan Secretary of State Says ‘No’ to Crypto In a letter addressed to William Baker, a recent candidate for the Michigan state legislature, the office of the Michigan Secretary of State has formally barred cryptocurrency donations to political campaigns. Baker, who lost his bid in the state’s Nov. 6 election, had previously sought clarification on how the value of donations in the form of cryptocurrencies should be recorded. He also asked whether virtual currency exchanges would qualify as valid secondary depositories for the storage of crypto assets. Baker asserted that “it is self-evident that digital currency is a valid way to receive political contributions.” However, the state secretary’s office responded by stating that “the law does not authorize such a vehicle, and the department has never determined that digital currencies are a valid way to receive political contributions.” The letter also highlighted concerns pertaining to the price volatility of cryptocurrencies. “As with stocks and commodities, bitcoin’s worth fluctuates daily,” the office said. “There is no way to ascertain the precise monetary value of one bitcoin on any particular day.” The Michigan Secretary of State raised additional objections to the use of cryptocurrencies as donations. In the letter, the office added that state legislation also “requires that committees deposit funds in an account in a financial institution, which is not an option for cryptocurrency.” X8 Stablecoin Certified as Shariah Compliant X8C, the stablecoin issued by Swiss fintech company X8 AG, has obtained a certificate showing that its stablecoin is compliant with Shariah law. It received the certification from the Shariyah Review Bureau, an Islamic advisory firm licensed by the Central Bank of Bahrain. Francesca Greco, director and co-founder of X8, announced that the company will soon establish a regional office in the Middle East. Greco also indicated that X8 plans to launch a Shariah-compliant virtual currency exchange, adding that the company has already met with representatives of exchanges based in Abu Dhabi, Dubai and Bahrain. “The Gulf region is a really good place for financial technology companies, because they all want to become hubs for fintech,” Greco said. CFTC Fines Crypto Scheme Operator Over $1.14M The U.S. Commodity Futures Trading Commission (CFTC) has ordered Joseph Kim, a resident of Phoenix, to pay more than $1.14 million for operating a fraudulent cryptocurrency scheme. Kim was also sentenced to 15 months in prison on “related criminal charges” filed in the U.S. District Court for the Northern District of Illinois. According to the court order, Kim pleaded guilty to “orchestrating a fraudulent Bitcoin and Litecoin scheme that led to more than $1 million in losses.” Kim was found to have misappropriated $601,000 worth of BTC and LTC from his employer — described as “a Chicago-based proprietary trading firm” — before attempting to fabricate security-related issues to obfuscate the misappropriation of funds. Despite this, the company fired Kim in November 2017 after the theft of the cryptocurrency was discovered. Between December 2017 and March 2018, Kim then sought to repay his former employer through profits that he had generated through the operation of a cryptocurrency trading scheme. According to the CFTC, he “falsely told customers that he would invest their funds in a low-risk virtual currency arbitrage strategy, when, in fact, Kim made high-risk, directional bets on the movement of virtual currencies that resulted in Kim losing all $545,000 of his customers’ funds.” Do you thin

11 hours ago

Finbitex: Crypto-Trading at Its Best

Finbitex is a revolutionary trading platform gaining the attention of traders, mainly due to the comprehensive trading experience which they could never enjoy before. It is a well-reputed and well-established broker, dealing with a range of cryptocurrencies, and offering more than a cutting-edge crypto trading technology. The platform is well known for its insightful trading info section, fully packed with detailed explanation regarding digital currencies, account management, trading trends, and more. It also offers 24/6 trading support to enable its users to make the most out of it. Finbitex gives their clients a simple trading platform for Crypto CFDs, that is called TraderSoft. Many Crypto trading and Forex brokers are now using this trading software because it is very easy for newbie investors to learn and understand. With this broker, the only underlying assets available for trading are cryptocurrencies. Some of the supported cryptocurrencies on Finbitex include Bitcoin, Monero, Litecoin, Ripple, Ethereum and other 30+ tokens. However, the platform may soon extend support for more cryptocurrencies in the future. Capable Team, Strong Performance Founded by a team of dedicated finance pros with over 50 years of Forex, Commodities, Crypto and Banking experience, Finbitex is one of the most trusted and smartest crypto trading platforms. The platform has grown rapidly in the recent past. What started as a small-scale 4-man operation a year ago has now grown to 48 members spread across two offices catering to 5000 active traders. Features to Make Trading Easier Finbitex has developed a range of special products that are offered to qualified clients on a constant basis, enriching their trading experience. These include: Trading signals provided by reputed forex signals provider PIAFirst Minimum trading amount as less as $25, with a minimum deposit of $250 Support for Trading Robots Market trends, reviews, and research for better, profitable decision making Market tools to make the best interpretation of all the market data and derive forecasts Unlike most other platforms, Finbitex prefers to stay on top of their client’s needs and hence ensures that all the accounts are managed by real people and not some automated computer system. Accounts Finbitex has 5 different types of accounts in the offering, all with varying initial deposits. Each of the account types comes with its own bonus. Basic Account with 20% bonus, Silver with 60% welcome bonus, Gold with 80%, Platinum with 100% and the VIP managed Black Account. All the account users get access to the education center, market reviews, webinars and more. Some of the other perks offered by Finbitex includes various arbitrage deals, cryptocurrency backed debit cards for accounts holding 100BTCs or more, and an option to get signals on demand. Apart from all the features, the platform ensures the security of all user funds by storing the cryptocurrencies in cold storage. To know more about the platform and start trading, please visit - https://finbitex.com Image: Pixabay The post Finbitex: Crypto-Trading at Its Best appeared first on NewsBTC.

11 hours ago

The Daily: Coincheck Relists Nem, Okex Adds Dong

In this edition of The Daily, we report on Coincheck’s decision to resume nem (XEM) trading and relist two other coins — ether (ETH) and lisk (LSK). Also, Digital asset exchange Okex has added support for the Vietnamese fiat currency on its C2C platform and we cover the reasoning behind the move. Also in The Daily, a Canadian company has reached an exclusive agreement to negotiate the acquisition of a large European cryptocurrency exchange. Also read: Coffee Company to Pay Farmers in Bitcoin, Bitfury’s Latest Investment Nem Price Spikes as Coincheck Resumes Trading Japanese digital asset exchange Coincheck has resumed trading of three digital coins including nem (XEM), the cryptocurrency that was in the focus of arguably the biggest hack in crypto history. Approximately $530 million worth of nem were stolen in the attack on the platform in January of this year. According to its website, Coincheck has also relisted ether (ETH) and lisk (LSK) after a “technical safety confirmation” was obtained in cooperation with external experts. The resumption of XEM deposits, withdrawals and trading resulted in a spike in the price of the cryptocurrency. Its market capitalization briefly surpassed the billion-dollar mark in the hours following the announcement. The market has since corrected itself and after losing almost 10 percent in the last 24 hours, XEM is selling for less than $0.11 at the time of writing and has a capitalization of around $955 million. On Oct. 30, the recently reopened exchange reintroduced bitcoin cash (BCH), bitcoin core (BTC), ethereum classic (ETC), and litecoin (LTC). Okex Adds Support for Vietnamese Dong Cryptocurrency exchange Okex has updated its customer-to-customer (C2C) trading system in order to allow users to place orders in another fiat currency, the Vietnamese dong, according to an announcement published on Tuesday. The Malta-based Chinese company launched its C2C platform last year, a variation of the peer-to-peer model, to enable customers to trade cryptocurrencies using fiat currencies. According to an earlier press release, no additional charges, other than what the users see as a buy/sell price, will be applied. C2C TRADING: We now support Vietnamese Dong (VND) on our Fiat to Token trading platform.#OKExAnnouncement https://t.co/CZ1Gy5efaQ pic.twitter.com/0YFsKmc2eg — OKEx (@OKEx) November 13, 2018 In the past few years, Vietnam has become an important cryptocurrency market and blockchain hub in the region of South East Asia. The country’s government, however, is still undecided on the question of how to regulate the industry and whether to legalize crypto-related transactions. Authorities in Hanoi are currently reviewing several alternative approaches to governing the sector, as news.Bitcoin.com reported recently. These range from imposing a total ban on activities involving digital assets to introducing a relatively lax regulatory regime. Several other platforms, such as Remitano, Mesito and Localbitcoins, are already offering peer-to-peer services for Vietnamese residents. Canadian Company Poised to Acquire Exmo Gover Media Plus, a company incorporated in Canada, has recently signed a Letter of Intent with Exmo, a leading European digital asset trading platform. The non-binding agreement will allow the holding company to exclusively negotiate the terms of the acquisition of the cryptocurrency exchange. According to a press release, the parties will unite their efforts in order to formulate a structure for the proposed transaction, making sure it is cost effective and compliant with legal and regulatory requirements. Upon successful completion, the new entity will continue Exmo’s business activities, providing services to over 2 million users in Europe, North America and Asia, said Roland Bopp, CEO of Gover Media. The news about the upcoming acquisition comes after Exmo’s recent decision to update its deposit/withdrawal terms. The trading platform, popular in countries from the former Soviet space, has increased the fees for some of the available payment options. For example, the commission for withdrawals of funds in Russian rubles to Mastercard and Visa cards has jumped by one percentage point to 6.95 percent plus 100 rubles (~$1.5) per transaction. The fee for Advcash withdrawals in U.S. dollars has been increased as well, from 3.45 percent to 4.45 percent. The applicable commission for ruble withdrawals to Payeer accounts has been cut down to 1.95 percent. What are your thoughts on today’s news tidbits? Tell us in the comments section. Images courtesy of Shutterstock, Smartmockups. Make sure you do not miss any important Bitcoin-related news! Follow our news feed any which way you prefer; via Twitter, Facebook, Telegram, RSS or email (scroll down to the bottom of this page to subscribe). We’ve got daily, weekly and quarterly summaries in newsletter form. Bitcoin never sleeps. Neither do we. The post The Daily: Coincheck Relists Nem, Okex Adds Dong appeared first on

11 hours ago

Litecoin Price Analysis: LTC/USD Turns Bearish Below $50

Litecoin price extended declines below the $50.00 support against the US Dollar. LTC/USD is under a lot of pressure below the $50.00 and $51.00 levels. Key Talking Points Litecoin price extended declines and traded below the $50.00 support (Data feed of Kraken) against the US Dollar. This week’s followed important bearish trend line is still in place with resistance at $49.80 on the hourly chart of the LTC/USD pair. LTC price may correct higher, but upsides are likely to be capped near the $50.00 level. Litecoin Price Forecast Yesterday, we discussed that litecoin price could continue to move down below the $50.00 support against the US dollar. The LTC/USD pair extended declines and it even broke the $49.50 swing low. Looking at the chart, LTC price traded towards the $48.00 support area and formed a new monthly low at $48.22. Later, there was an upside correction and the price recovered above the $48.80 level. It also moved above the 23.6% Fib retracement level of the recent decline from the $50.96 high to $48.22 low. However, the price is still trading well below the $50.00 resistance and the 100 hourly simple moving average. More importantly, this week’s followed important bearish trend line is still in place with resistance at $49.80 on the hourly chart of the LTC/USD pair. The trend line is near the 50% Fib retracement level of the recent decline from the $50.96 high to $48.22 low. Above the trend line, the $50.00 handle is likely to act as a solid resistance for buyers in the near term. Therefore, if the price corrects higher, the $49.80 and $50.00 levels are likely to protect gains. Overall, litecoin price is clearly under a lot of pressure below the $51.00 and $50.00 levels. As long as there is no close above $51.00 and the 100 hourly simple moving average, there could be more declines. An immediate support is the recent low at $48.22, below which the price may test the $47.50 support. The market data is provided by TradingView. The post Litecoin Price Analysis: LTC/USD Turns Bearish Below $50 appeared first on Ethereum World News.

11 hours ago

Cryptopoints: An easy way to buy crypto using gift cards

The path to mainstream cryptocurrency adoption starts with creating easier methods for people to buy these digital assets. Currently, most methods require many hoops for the average user to jump through. They have to register on the exchanges, open crypto wallets, undergo complex verification procedures and wait for their fiat money to be transferred. Cryptopoints is aiming to change all of that by providing a simple solution that allows users to purchase Bitcoin, Ethereum, Bitcoin Cash or Litecoin with just two clicks. Using the gift card model, Cryptopoints offers a prepaid card that you can purchase at any desired denomination (though fixed denominations are in USD). With this card, you can get cryptocurrencies in your wallet, and begin shopping at a rate that’s at least 5% below the market. The cards work without Cryptopoints storing any of your data or money, and you can reduce the time needed to track prices and withdraw funds from exchanges. The company is less than two years old, has already sold 10,000 cards with an average turnover volume of 100 BTC per day. Also, Cryptopoints is partnered with hundreds of merchants around the world, whereas it’s customers performed transactions of over 10,000 BTC the past year. How Crypto Points works Using Cryptopoints seems like a straightforward process. First, users can purchase a card by entering their information directly on the platform or through one of Cryptopoints retail partners’ websites. Next, users activate the card by removing a secure layer and entering the private passcode. Then finally, the card can use used to buy Bitcoin, Ethereum, Litecoin or Bitcoin Cash. Cards are also offered and can be used in all countries around the world. The minimum withdrawal amount is $250 or in its cryptocurrency equivalent, though the company is working to reduce this number down to $100 to make it more convenient for the most number of users. CryptoPoints The regulation concerns Cryptopoints does employ a strict KYC/AML policy. According to their terms: “Cryptopoints identity verification procedure requires users to provide reliable, independent source documents, data or information (e.g., national ID, international passport, bank statement, utility bill). The company also reserves the right to verify User’s identity in an on-going basis, especially when their identification information has been changed, or their activity seems to be. At any time, up-to-date documents can be requested from the users, even if they have already passed their identity verification.” This process is essential for CryptoPoints to be able to operate legally around the world. However, for those in the crypto space who place a hefty premium on privacy, these KYC/AML processes might act as a deterrent for them to join the service. Cryptopoints also offers deals to distributors in order to spread the services around the world. Distributors can earn a percentage of the cards sold, but they must provide a monthly minimum purchase volume of the Cryptopoints cards for an amount not less than $50,000 the price set by the company. Conclusion Reducing the barriers to purchasing crypto is essential to achieving mass scale adoption. CryptoPoints seems to be well positioned to aiding this cause through their card distribution service. There is, however, room for improvement: It looks like the company still has an uphill battle in marketing before it can become the preferred method of purchasing crypto, certain users may be deterred by the KYC/AML processes, and the limited option of cryptocurrencies may put them at a disadvantage compared to other crypto purchasing services like Shapeshift and Changelly or just a regular exchange like Binance. Ultimately, if Cryptopoints can overcome these challenges, then they will be a welcome addition to the industry-wide challenge to achieve large-scale cryptocurrency adoption. The post Cryptopoints: An easy way to buy crypto using gift cards appeared first on CryptoPotato.

11 hours ago

Crypto Market Loses over $8 Billion in Market-Wide Selloff, Intense Downtrend

Today is a tough day for cryptocurrencies. A large-scale selloff action has erased over $8 billion off the crypto market. The total market capitalization is $205 billion at the press time, down from $213 billion from yesterday. The market has a record of recovering from anywhere near $186 billion, which could be called the crypto bottom level of this year. The monthly perspective also shows a stable recovery from circa $200 billion, according to data available at CoinMarketCap.com. Source: CoinMarketCap.com | Global Crypto Market Cap A rebound at this point largely depends on the individual performances of the top coins. Bitcoin, for instance, today plunged as much as 2.06% across all the exchanges, forming lower lows towards $6,160. But its bear trend becomes weaker everytime it attempts to breach $6,000-support, as noticed by its price action in the previous quarter performances. Bitcoin 1D Chart | Source: TradingView.comAccording to the BitFinex chart above, the Bitcoin price is still capped by a strong falling trendline to its north. At the same time, a riding trendline is providing crucial support against the overall bearish sentiment. Bitcoin can reverse from support as it has before, clearing another opportunity for day traders towards their respective long targets in the north. That said, the entire crypto market can eye a potential upside correction in Bitcoin charts as an indication of a more comprehensive recovery across its space. XRP Weakened despite Strong Fundamentals Ripple’s CEO Brad Garlinghouse in his latest comments lambasted Bitcoin as a technologically deprived cryptocurrency. The blockchain official put XRP above BTC, stating that their token would perform impressively in the third quarter of this year. As a result, XRP posted close to 6 percent gains on Monday. A bearish correction ensued, however, erasing almost half the intraday gains. The XPR price action today simply looked like an extension of its prevailing downtrend, bringing the asset to form lower lows towards $0.50. Ripple (XRP) 4H Chart | Source: TradingView.com The XPR price is now attempting a pullback action while staying in the midst of a strong downtrend. There is strong support lurking at $0.493-level as of now. If it is broken to the downside, then the pressure to revive the bullish sentiment could fall on $0.463. The aggregated daily price drop in XRP market amounts to 4.44 percent at the press time, according to CoinMarketCap.com 24-hour indicator. Ether Continues Triangle Action Ether is trending sideways inside a symmetric triangle since mid-September. The latest price action is repetitive concerning testing the lower trendline of the said triangle. Ether 4H Chart | Source: TradingView.com The coin has reported 3.5 percent losses in the past 24 hours and could extend the bearish sentiment. A pullback action nevertheless would be expected from the lower trendline support. If it doesn’t occur, then the support target could shift to $195.89. Bitcoin Cash Crashing, Down 9% Bitcoin Cash is the only coin among the top ten whose value is reacting organically to fundamental factors. The coin’s underlying blockchain is scheduled for a hard fork tomorrow, which would split its chain into two identical ledgers: Bitcoin ABC and Bitcoin NV. Most of the traders are swapping their BCH holdings for South Korean Won (KRW) and Tether’s USDT, according to volume reports on CoinMarketCap.com, to protect their positions. Bitcoin Cash 1D Chart | Source: TradingView.com Bitcoin Cash is now trading at $490.5, now 8.5 percent lower than the previous high. The price is also treating the rising trendline as its tentative support level, awaiting pullback towards the falling trendline resistance above. The coin can expect recovery after the forking event is through. But until then, any extended bearish action could bring Bitcoin Cash to retest November’s bottom at circa $407. Other top altcoins, including Monero, Stellar, EOS, Litecoin, and Cardano, have posted losses ranging between 2 and 6 percent. Stabelcoin Tether, meanwhile, is 0.2 percent up from its valued noted 24 hours ago, now trading at $0.987. The post Crypto Market Loses over $8 Billion in Market-Wide Selloff, Intense Downtrend appeared first on NewsBTC.

11 hours ago

Power of Cryptos: $62M Worth of Litecoins Sent for Mere 50 Cents

CoinSpeaker Power of Cryptos: $62M Worth of Litecoins Sent for Mere 50 Cents As it’s said in the announcement, this Litecoin transaction is probably connected to the consolidation of funds into a new Multi-Signature / Segwit ‘M’ address from a handful of Legacy addresses. The transaction which created the new richest address on the network was made by the previous richest address on the network which is now lies empty. In the process a staggering 71,618,997 coin days were also destroyed. Presuming of the owner of the address, it’s said to most likely be an exchange cold wallet which is used to securely store funds that are held on an exchange offline away from potential attackers. The move into a multi signature address would provide the owners better security as any transactions would need to be signed off by multiple parties as unlike with Legacy addresses there are multiple private keys to the address. The transaction contained multiple inputs of 20,000 LTC which themselves appear to be made up of four 5,000 LTC transactions each which originate from an address which still maintains a balance over 150,000 LTC as of writing. This is not the first transaction of this value on the network, however, it is notable nether the less and serves as a perfect real world example of the benefits of Litecoin and decentralized cryptocurrency in the global settlement and movement of money in the internet age. Interesting fact on this notable transaction is that the funds were moved from those legacy addresses to a ‘Multi-Signature/SegWit M address’, apparently in an attempt to improve security over this large amount of money. Multi-Signature wallets add an extra safety layer by introducing several new parties, each one with a private key that is needed in order to sign a transaction and validate it. Since these are ‘Script’ addresses, they start with an ‘M’ instead of an ‘L’ (similarly in Bitcoin, legacy BTC addresses began with ‘1’ while script addresses, which are Multi-Sig and SegWit, start with ‘3’). This address has many varying transactions being made to and from it on a fairly common basis suggesting this is most likely the hotwallet for the exchange and these transactions are users depositing and withdrawing funds from the platform. If you use an exchange and your withdrawn Litecoin has come from this address then you can figure out the owners. If fees continue to drop and transactions become more efficient, crypto could become a viable option for the transfer of even very large sums of money. Developments like the Lightning Network are bringing this closer to reality, even for notoriously clunky BTC, and products like Xcurrent and Xrapid are trying to get big banks on the crypto train. Litecoin.com said about the transaction: “A perfect real-world example of the benefits of Litecoin and decentralized cryptocurrency in the global settlement and movement of money in the internet age.” Litecoin was created by Charlie Lee in October 2011. This makes Litecoin one of the oldest cryptocurrencies in the crypto space. The source code itself was a fork of Bitcoin with a few notable changes and improvements such as decreased block generation time, utilizing different hashing algorithms and decreasing the time needed to process payments. This made Litecoin 4x faster than Bitcoin. In the world of conventional currency where bank fees can run $45 or higher per transaction and can be held up while waiting on confirmation from intermediaries - this seems like a meaningful step forward. Transaction fees for crypto are going down across the board, with other massive transfers of cryptos like Bitcoin being conducted for the equivalent of $0.10 at the time of this writing. The average transaction fee for BTC is still somewhere around $0.36, but that’s still far better than last year’s $25-$55. Other crypto assets like Ripple’s XRP are trying to build a brand based on circumventing the present infrastructure for cross-border payments, which can be the most expensive of all. Same Story with Bitcoin Last month we wrote about Bitcoin user moving $194M in BTC with only $0.1 fee. The research based on data provided by a UK-based multi-billion dollar firm for low-fee banking transfers revealed that even on a platform like Transferwise, to send over $1 million, it costs over $7,500 in transaction fees. That means, through wire transfers and conventional banking methods, tens of thousands of dollars are required to clear a transaction that is larger than $1 million. Power of Cryptos: $62M Worth of Litecoins Sent for Mere 50 Cents

11 hours ago

Bitcoin [BTC] bleeds as the cryptocurrency plunges below the $6000 mark

Last time this year, the whole cryptocurrency market was rejoicing as all the cryptocurrencies were touching new highs. However, this November seems to be aiming at crushing the investors as all the coins have decided to drown in the red pond. Bitcoin [BTC], the biggest cryptocurrency in the market, often hailed as the king of cryptocurrencies is being crushed by the bear’s grip. The coin which was showing a sideways movement for the longest time has fallen below $6000. According to CoinMarketCap, at press time, Bitcoin is trading at $5877.75 with a market cap of $102 billion. The coin has a trade volume of over $5 billion and has plummeted by 5.49% in the past one-hour. Additionally, the total market cap of the cryptocurrency has also fallen to $189 billion. Bitcoin [BTC] one-day price chart | Source: CoinMarketCapAlong with Bitcoin [BTC], all other cryptocurrencies are also currently suffocating in the bear’s reign. Ethereum [ETH], the second-largest cryptocurrency by market cap, is currently trading at $184.69 and has fallen by $5.16 and XRP, the third-largest cryptocurrency, is trading at $0.44 and has fallen by 6.01%. Other coins which has taken a hard hit by the bear includes Litecoin [LTC], which is down by 9.72%; Monero [XMR], which is down by 10.62% and Bitcoin Cash [BCH], which is down by 8.90%. Cryptocurrency price chart | Source: CoinMarketCap Nonetheless, some investors are still on the bright side of the market, as the coins are finally showing some action and they believe that this is a great time to buy. Fldspine, a Redditor said: “Wake up everyone! We finally have some movement!! Yaay...” Tyanuh, another Redditor said: “2014,2015,2016,2017,2018. Every year it’s the same bullshit from new guys who have never seen the crypto bear. I will GUARANTEE you, if you pull out now completely and permanently, you will be pulling your hairs and that decision will chase you for literally your entire life when exorbitant crypto prices are laughing you in the face in a few years. You have been warned.” CryptoKujira said: “It is a hell of a bleed off overnight and into this morning. Blood red on nearly every coin, with many going -10 to -20% so far on Binance. Not for the faint of heart, but feels like a hell of time to buy.” The post Bitcoin [BTC] bleeds as the cryptocurrency plunges below the $6000 mark appeared first on AMBCrypto.

11 hours ago

Litecoin [LTC] and Cardano [ADA] mauled by the bear’s attack: 10% loss over the week

Litecoin [LTC] and Cardano [ADA] are two currencies that have repeatedly weathered the bear’s attacks over the past week, a rough one for any coin in the cryptocurrency market. The latest in this series of drops has pushed the price of Litecoin down by 3.06%, with Cardano losing 5.6% of its value. The bearish week has left its mark on the coin, with 10.3% and 10.1% loss for Litecoin and Cardano respectively. It is also indicative of a broader trend in the cryptocurrency market, with a lack of energy seen in the movement of the coins. The bear has hence taken the opportunity to push the prices down, leading to a downward spiral in price and interest. Litecoin: The ‘silver to Bitcoin’s gold’ has dropped considerably in value since the beginning of this week, and was trading at around $55 at that time. The coin reduced its value down to $53.7 before recovering considerably to $54.4 and moving back down to $53 on November 8th. It then proceeded to see a sharp drop on November 11th to $50.3, followed by a further drop earlier today down to the $49.6 mark. Litecoin then proceeded to recover to $50.2 before dropping down to below the $49.5 mark. It is now trading at $49, with a market cap of $2.8 billion at #7 by overall market cap. Cardano: Cardano has seen a steady decline over the week, starting at close to $0.08, and dropping down to $0.070 the next day. The coin then hiked back to $0.79 on November 8th, retracing an impressive recovery. However, it continued to drop over the next two days, presenting investors with an opportunity to buy at a low price of $0.074 on November 10th. It then saw a slight recovery to the $0.076 mark on November 12th, before beginning a steady decline to $0.73, setting up the atmosphere before the drop today. It is currently trading at $0.071 with a market cap of $1.84 billion. The post Litecoin [LTC] and Cardano [ADA] mauled by the bear’s attack: 10% loss over the week appeared first on AMBCrypto.

11 hours ago

Vexanium by Coinone

Vexanium airdrop is hosted by Coinone Indonesia. Coinone Indonesia is a Global Cryptocurrency Exchange Service for Indonesia by Coinone.co.id, one of the largest exchanges in South Korea. In Coinone Indonesia, you can buy and sell Digital Assets such as Bitcoin, Ethereum, Litecoin, and others fast, easily, and securely. Vexanium is a decentralized marketing ecosystem that uses blockchain technology to build an online marketplace that allows merchants to tokenize their rewards and promote their products efficiently. Vexanium is listed on CoinMarketCap. Would you like to receive the latest free Airdrop Alerts? Join our Airdropalert Telegram. Coinone Indonesia is airdropping 100 VEX tokens (~$ 0.78) to airdrop participants. Current price: 1 VEX = 0.007837 USD How to join Vexanium AirDrop by Coinone? Create an account at Coinone Indonesia AirDrop page. Complete ID card verification. Create your VEX deposit wallet and receive 100 VEX. If you use the ''CLAIM AIRDROP'' button below to claim the Vexanium airdrop by Coinone, it will automatically show on the main page with a purple checkmark. So you can easily track which airdrops you joined and which ones you need to join.

20 hours ago

Altcoins Price Analysis: Stellar Temporarily Flips EOS as ADA/USD Bulls Eye 12 cents

Still, altcoins are weathering strong headwinds. Other than bullish ADA/USD and XLM/USD, EOS/USD, XMR/USD pairs are stable while LTC/USD could below $50. Needless to say, we are overly positive expectant of loss reversals following 10 months of consecutive lower lows. Let’s have a look at these charts EOS/USD Price Analysis Carbon USD—CUSD, is officially the first stable coin on the EOSIO platform. With fiat as collateral, CUSD is also accessible for Ethereum users. But according to the founder, Samuel Trautwein, their grand plan is to transition into this “fiat-backed algorithmically hybrid approach” once it goes mainstream with enough liquidity. As expected, this announcement means there is better interoperability. Moving on, traders can enjoy cheaper and faster settlement than they would on the Ethereum platform. On to the chart and everything is literally slow. Not only are gains no-existent but the tapering volumes is confining price movements inside a $2 range. This accumulation validates our previous EOS/USD trade plan and we suggest executing trades once there are breakouts above Oct 15 highs at $6 or losses below $5. Of course, the former is ideal. It is because of this that we retain a bullish outlook as long as prices are still trending inside Oct 15 high low. LTC/USD Price Analysis Thing is many are expecting higher highs but since LTC/USD is yet to muster enough momentum driving prices above $50, it remains a sell. In line with our last trade plan, we shall take a neutral approach only initiating shorts once there are solid printouts below $50. Related: Gemini Adds Litecoin with Approval from New York Regulators Conversely, it would be ideal if buyers jump in to prevent this depreciation. However, for this to be true then buyers must inject momentum and support prices at spot as they drive them towards $60. Before any of that happen, sellers are in control but to avoid speculation, we recommend taking a temporary neutral stand. XLM/USD Price Analysis On a weekly basis, Stellar is up 14 percent but printing losses in the last day. Regardless, our last XLM/USD trade plan is valid and to reiterate, as long as prices are trading above 25 cents, then aggressive traders can begin initiating longs with stops at 25 cents with modest targets at 30 cents. If today end up higher-as EOS flat lines-then there could flip be a flip. After all, the margins are low and with less than $400 million of value separating them, EOS risks dropping down the perking order. ADA/USD Price Analysis Technically, ADA/USD is trading within a bull break out pattern after impressive gains of Nov 4. And since prices did reverse right off the previous resistance now support trend line, we suggest trading just like as prescribed in our previous ADA/USD price analysis. On every dip, aggressive traders should buy with stops at around 7.3 cents with modest first targets at 9.5 cents clearing Oct highs. Thereafter, it depends on how price action reacts at that price level because break outs would trigger conservative buys with targets at 12 cents. XMR/USD Price Analysis Still in the top-10, Monero is flat and ranging following Oct 11 and 15 counter movements. Though we remain upbeat expecting gains, losses of Oct 11 did trigger sells in a clear break out pattern. Because of this, we need to see strong price confirmations if bulls are indeed in control. Also Read: Withdrawing Crypto to Fiat from BitFinex Now Costs Close to PayPal Note that if XMR/USD declines below $100 our XMR/USD price projection would be null. In that case, further declines would trigger sellers aiming at $70. On the reverse side, it would be ideal if there are breaks above $120 and $130—on the safe side. That would be inviting for bulls aiming at $150 and later $300. All Charts Courtesy of Trading View Disclaimer: Views and opinions expressed are those of the author and aren’t investment advice. Trading of any form involves risk and so do your due diligence before making a trading decision. Altcoins Price Analysis: Stellar Temporarily Flips EOS as ADA/USD Bulls Eye 12 cents was last modified: November 12th, 2018 by Dalmas NgetichThe post Altcoins Price Analysis: Stellar Temporarily Flips EOS as ADA/USD Bulls Eye 12 cents appeared first on NewsBTC.

a day ago

Estonia Grants B2BX Crypto Exchange Regulatory License to Operate Within the EU

B2BX cryptocurrency exchange announced on November 12 that it had acquired a license by the Estonian Financial Intelligence Unit (FIU), to operate as a fully regulated exchange for trading digital currencies. B2BX Users Will Benefit From Additional Services According to the press release, with this regulatory approval, B2BX becomes one of the first fully-regulated crypto exchanges in the EU. The company’s representatives chose to submit their application in Estonia because it is widely recognized as one of the friendliest countries of the European Union towards cryptocurrencies and new technologies. The license that will soon become effective, ensures that B2BX is compliant with the strict KYC and AML policies of the region. These provide users with enhanced transparency and significant financial comforts, such as increased automatic deposit and withdrawal daily limits and exchange and withdrawal facilities in fiat currencies via bank transfer and all major PSP providers. Arthur Azizov, CEO and Founder of B2Broker Group said: “We are delighted to have secured regulatory approval from Estonia, placing B2BX Exchange in the enviable position of being one of the first exchanges to achieve this accolade. I have long been a proponent of regulation which I believe will promote further the adoption of cryptocurrency usage and cryptocurrency trading. Our users will be able to benefit from an enhanced level of protection, safe in the knowledge that they are dealing with a world-leading, regulated cryptocurrency exchange.” The Exchange Strives to Bring Innovation and to Obtain Further Regulatory Approval B2BX is a subsidiary of the B2Broker Group, an exchange aggregator and liquidity provider for the crypto and foreign exchange (FX) industry. It offers a full-featured spot trading platform with adequate liquidity to support all kinds of investors, from single users to financial institutions. As B2BX focuses exclusively on liquid coins, all major cryptocurrencies are available for trading, including Bitcoin, Ethereum, Ripple, NEM, Litecoin, NEO, Monero, and Dash. B2BX remains updated with the latest trends in cryptocurrencies; it announced last month the addition of four stablecoins, TrueUSD (TUSD), USD Coin (USDC), Gemini Dollar (GUSD) and Paxos Standard Token (PAX), to its platform. It currently provides crypto-to-crypto trading, but crypto-to-fiat abilities will soon be added, as B2BX plans to extend its services by acquiring additional regulatory approval from other recognized jurisdictions. Estonia Grants B2BX Crypto Exchange Regulatory License to Operate Within the EU was originally found on [blokt] - Blockchain, Bitcoin & Cryptocurrency News.

a day ago

Regulations Roundup: Chinese Mining Farms Undergo Tax Inspection, Michigan Bans Campaign Donations in Cryptocurrency

In recent regulatory news, we report on an authorized mining company in China that has had its operations temporarily halted for tax inspection and implementation of real-name registration processes. We also look at the Michigan Secretary of State’s ban on crypto-based political donations, as well as the recent certification of X8’s stablecoin for Shariah compliance. In addition, we focus on the operator of a fraudulent cryptocurrency scheme who has been punished for misappropriating $601,000 in BTC and LTC from his employer. Also Read: President of Marshall Islands Challenged Over Cryptocurrency Plan Chinese Mining Farms Suspended According to a statement published by an unidentified cryptocurrency mining company, Chinese state agencies have ordered the suspension of its mining farms in southwestern Guizhou Province and the Xinjiang Uyghur Autonomous Region for tax inspections and to implement real-name registration processes. “According to the needs of the public security department’s network information security work, in the future, our company will implement higher standards for the company’s business real-name system according to the work needs of the public security department,” the anonymous company said. “For customers with the latest standard real-name systems, the data center will have to suspend reloading, restarting, moving in and out, etc.” Michigan Secretary of State Says ‘No’ to Crypto In a letter addressed to William Baker, a recent candidate for the Michigan state legislature, the office of the Michigan Secretary of State has formally barred cryptocurrency donations to political campaigns. Baker, who lost his bid in the state’s Nov. 6 election, had previously sought clarification on how the value of donations in the form of cryptocurrencies should be recorded. He also asked whether virtual currency exchanges would qualify as valid secondary depositories for the storage of crypto assets. Baker asserted that “it is self-evident that digital currency is a valid way to receive political contributions.” However, the state secretary’s office responded by stating that “the law does not authorize such a vehicle, and the department has never determined that digital currencies are a valid way to receive political contributions.” The letter also highlighted concerns pertaining to the price volatility of cryptocurrencies. “As with stocks and commodities, bitcoin’s worth fluctuates daily,” the office said. “There is no way to ascertain the precise monetary value of one bitcoin on any particular day.” The Michigan Secretary of State raised additional objections to the use of cryptocurrencies as donations. In the letter, the office added that state legislation also “requires that committees deposit funds in an account in a financial institution, which is not an option for cryptocurrency.” X8 Stablecoin Certified as Shariah Compliant X8C, the stablecoin issued by Swiss fintech company X8 AG, has obtained a certificate showing that its stablecoin is compliant with Shariah law. It received the certification from the Shariyah Review Bureau, an Islamic advisory firm licensed by the Central Bank of Bahrain. Francesca Greco, director and co-founder of X8, announced that the company will soon establish a regional office in the Middle East. Greco also indicated that X8 plans to launch a Shariah-compliant virtual currency exchange, adding that the company has already met with representatives of exchanges based in Abu Dhabi, Dubai and Bahrain. “The Gulf region is a really good place for financial technology companies, because they all want to become hubs for fintech,” Greco said. CFTC Fines Crypto Scheme Operator Over $1.14M The U.S. Commodity Futures Trading Commission (CFTC) has ordered Joseph Kim, a resident of Phoenix, to pay more than $1.14 million for operating a fraudulent cryptocurrency scheme. Kim was also sentenced to 15 months in prison on “related criminal charges” filed in the U.S. District Court for the Northern District of Illinois. According to the court order, Kim pleaded guilty to “orchestrating a fraudulent Bitcoin and Litecoin scheme that led to more than $1 million in losses.” Kim was found to have misappropriated $601,000 worth of BTC and LTC from his employer — described as “a Chicago-based proprietary trading firm” — before attempting to fabricate security-related issues to obfuscate the misappropriation of funds. Despite this, the company fired Kim in November 2017 after the theft of the cryptocurrency was discovered. Between December 2017 and March 2018, Kim then sought to repay his former employer through profits that he had generated through the operation of a cryptocurrency trading scheme. According to the CFTC, he “falsely told customers that he would invest their funds in a low-risk virtual currency arbitrage strategy, when, in fact, Kim made high-risk, directional bets on the movement of virtual currencies that resulted in Kim losing all $545,000 of his customers’ funds.” Do you thin

a day ago

Digital Bank Revolut Surpasses 3 Million Customers

U.K. startup Revolut has announced that its customer base has surpassed three million users. The fintech platform, which has quickly become a viable online alternative to traditional banking, was established in 2015. It currently offers payment and exchange services for a growing number of fiat currencies and cryptocurrencies. Also read: Huobi Opens in Russia, Plans Startup Accelerator and Mining Hotels Fintech Startup Defies Skepticism The company marked the milestone on Twitter: “Three years ago, banks and investors laughed at us. Today, we have signed up three million customers and no one is laughing now. Thank you!” The announcement came about three months after Revolut launched a new debit card that offers support for some of the leading digital coins. Revolut Metal is the platform’s premium service. For a monthly fee of €13.99 (less than $16), users can get a free U.K. current account and an Iban account for euros, with unlimited exchange in 24 fiat currencies. The new card also offers access to five cryptocurrencies — bitcoin cash (BCH), bitcoin core (BTC), ethereum (ETH), litecoin (LTC), and ripple (XRP) — as well as the ability to spend over 150 currencies at the interbank exchange rate. The contactless Revolut Metal card comes with fee-free ATM withdrawals of up to €600 per month (over $670). According to the product page, the online banking startup also offers cardholders cash back on all their payments and purchases — up to 0.1 percent within Europe and up to 1 percent elsewhere. The launch of the exclusive card, which supports digital assets and can be used anywhere that Mastercard is accepted, has likely played a role in the expansion of Revolut’s customer base. There are very few other options on the market in the European Economic Area matching the services offered by the U.K. company. Plans for Expansion to Other Continents Revolut’s platform is currently available to residents of the following European countries: Austria, Belgium, Bulgaria, Croatia, Cyprus, Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Iceland, Ireland, Italy, Latvia, Liechtenstein, Lithuania, Luxembourg, Malta, Netherlands, Norway, Poland, Portugal, Romania, Slovakia, Slovenia, Spain, Sweden, Switzerland and the U.K. The company plans to enter markets outside Europe as well, including North America (U.S. and Canada) and Australia. The British startup with Russian roots also plans to operate in the Russian Federation. In June, Revolut announced a partnership agreement with Qiwi, the country’s leading payments provider. Russian users will be granted access to Revolut’s services via Qiwi’s online banking infrastructure. It has been reported that in Russia, Revolut will initially only provide financial services to private individuals. At launch, they’ll be able to install the company’s online banking app and order a free Visa card with support for multiple currencies. Revolut is likely to face some competition. Oleg Tinkov, the founder of a Russian project offering similar services, said at a recent fintech forum that there’s no reason for the U.K. startup to go to Russia. The holders of the Tinkoff Black card can already open accounts in 30 currencies and take advantage of favorable exchange rates. What Tinkov didn’t mention, as noted by news outlet Bitnovosti, was that his platform does not support cryptocurrencies. Revolut’s Russian-born founder and CEO, Nikolay Storonsky, responded: We are not going to abandon our plans ... Large players see us as a serious competitor. They try to copy our products and break down into emotions in our presence. Storonsky, whose company raised $250 million at a valuation of $1.7 billion this past spring, also recently commented on the possible influx of institutional investors into the cryptocurrency space. The entrepreneur voiced skepticism over these expectations, as such players have not expressed much interest thus far. “I just don’t think banks will catch up,” he said. One thing Storonsky’s unicorn startup has been criticized for is that its platform does not support transfers of cryptocurrencies to other wallets. Responding to another suggestion to introduce the feature in the comments below the “three million customers” tweet, Revolut admitted that it does not have any immediate plans to do so. However, it promised to pass the feedback over to its development team. Do you think Revolut will expand its set of services related to cryptocurrencies? Tell us in the comments section. Images courtesy of Shutterstock. Need to calculate your bitcoin holdings? Check our tools section. The post Digital Bank Revolut Surpasses 3 Million Customers appeared first on Bitcoin News.

a day ago

Litecoin [LTC/USD] Technical Analysis: Bulls ready to win the battle against the bear

Litecoin [LTC], the seventh-biggest cryptocurrency by market cap, has been standing at the edge of the cliff since the past few days. The cryptocurrency has seen a massive dip ever since it reached its peak earlier this year. According to CoinMarketCap, at press time, the coin was trading at $50.57 with a market cap of more than $2 billion. The coin was trading volume of $437 million and had witnessed a downfall of 6.88% in the past seven days. 1-hour: Litecoin [LTC] one-hour price chart | Source: Trading ViewThe one-hour chart displayed that the coin has seen a downward trend from $53.51 to $52.21, and it further fell from that point to $50.30. The chart also showed that it has an upward trend from $49.88 to $50.11. The coin will be the first to have a clear the immediate resistance point, which is set at $50.36, in order to reach the next level of the game, i.e., the strong resistance at $52.21. The cryptocurrency has a strong support at $49.81 level, which will be playing a key role in the game of bulls versus bears. Parabolic SAR showed that it has started to gain interest in the game and is currently the bull’s first hand as the dots were aligned below the candlesticks. Chaikin Money Flow was right beside Parabolic SAR, supporting the bull by pumping in more money into the market. However, the Bollinger Bands showed that the game will not be a grand one as the bands were contracting, showing a less volatile market. 1-day: Litecoin [LTC] one-day price chart | Source: Trading ViewThe one-day chart showed that there was a downward trend from $121.59 to $55.87. It also depicted an upward trend from $48.45 to $52.03. The coin has to first clear the immediate resistance level that is set at $55.87. Succeeding this, it will have to prepare itself to kill the strong resistance, which is at $89.15. The cryptocurrency will be support by $48.45, in case it falls in the battlefield. The RSI indicator showed that the buying pressure and the selling pressure is currently evening out each other in the market. MACD is preparing for the battle, showing its support to the bear as the moving average line breached below the signal line. Nonetheless, the Klinger Oscillator is set to entertain the investors by displaying its support to the bull, as the reading line was above the signal line. Conclusion The bull and the bear are ready to face off in the market. The bull is currently supported by Parabolic SAR and the CMF from the one-hour chart and Klinger Oscillator from the one-day chart. The bear is supported only by MACD from the one-day chart. The post Litecoin [LTC/USD] Technical Analysis: Bulls ready to win the battle against the bear appeared first on AMBCrypto.

a day ago

Litecoin [LTC] Foundation endorses CoinGate as the most recent payment processor

Litecoin [LTC], the seventh-largest cryptocurrency in the world and best known to have been created to provide compatibility to Bitcoin [BTC], confirmed that the Foundation has accepted CoinGate as their official payment processor for the cryptocurrency. The tweet originally posted by CoinGate mentioned that it will be working on the Lightning Network at the onset of this partnership. The tweet read: “We are thrilled to announce that #LitecoinFoundation accredited CoinGate as the official, trustworthy #Litecoin payment processor! With the confidence of the Foundation, we continue our work on upcoming Litecoin’s #LightningNetwork. More info on that soon!” Partnership announcement by Litecoin handle | Source: Twitter In other Litecoin ecosystem developments and partnerships, it has been observed that the Foundation took a Twitter poll for public preference between two choices for PayWithLitecoin: Uber or Lyft. The mentioned are the leading players within the domain of but not limited to the transportation industry. This poll was suggestive of Uber as the winner with 74% of votes allocated to the choice. Lyft received a meager 26% of the total votes. PayWithLitecoin was a campaign launched by the Litecoin Foundation to drive exponential adoption of LTC into the daily lives of regular people. The practice is relevant in countries such as Australia, with a startup called TravelByBit driving the campaign, not just for Litecoin but many other big cryptocurrencies as well. Jessy, a cryptocurrency and blockchain space follower commented on the tweet, addressing: “So... the Litecoin Foundation can decide which are the trustworthy Litecoin payement partners? #decentralized” Against the “trustworthy #Litecoin payment processor” claim by CoinGate, a user named Nick LTC responded: “Accredited by the foundation, Has no effect on what you chose to accept.” The post Litecoin [LTC] Foundation endorses CoinGate as the most recent payment processor appeared first on AMBCrypto.

a day ago

$62 Million Litecoin Transaction Sent for Fifty Cents: The Potential of Crypto Transactions

On Nov. 9, the Litecoin (LTC) news site litecoin.com reported one of the highest transactions to date on the LTC network, valued at 1,159,005.90779568LTC, or roughly $62M USD. Aside from the sheer amount of money moved, the transaction gained attention because it was settled for a mere fifty cents. The 1M+ Litecoin Transaction valued at $62M […]

2 days ago

Charlie Lee Highlights Litecoin’s Advantages Over Bitcoin, Explores the Crypto Term ‘Shitcoin’

Litecoin founder Charlie Lee is appearing in an upcoming German TV documentary about Bitcoin, blockchains and the future of the internet. The crowd-funded film, “Cryptopia”, features leading blockchain developers and insiders. In a preview of the interview, Lee outlines Litecoin’s advantages over Bitcoin and defines the word “shitcoin”. “I think it’s just a derogatory term […]

2 days ago

Cryptocurrency Trader Ordered to 15 Months in Jail and $1.1m Fine for Bitcoin Fraud

The US Commodity Futures Trading Commission (CFTC) issued an Order against a cryptocurrency trader, requiring him to pay upwards of $1.1 million and to serve 15 months in prison over a fraudulent Bitcoin and Litecoin Scheme. Cryptocurrency Trades Gone Wrong The CFTC Order, issued on November 9th, specifies that cryptocurrency trader Joseph Kim had...

2 days ago

CFTC Fines Cryptocurrency Trader $1.1 for Bitcoin and Litecoin Fraud

The U.S. Commodity Futures Trading Commission (CFTC) has placed a permanent trading ban on Joseph Kim and also ordered him to pay over $1 million for allegedly embezzling Bitcoin (BTC) and Litecoin (LTC) from his company. The CFTC has also sentenced him to 15 months in prison. A press release published Friday by the CFTC […]

2 days ago

Litecoin Price Analysis: Sell Rallies In LTC/USD Short Term

Litecoin price turned bearish below the $52.00 support against the US Dollar. LTC/USD is currently near the $50.00 support with a bearish angle. Key Talking Points Litecoin price failed to recover and declined towards the $50.00 support level (Data feed of Kraken) against the US Dollar. Yesterday’s highlighted key bearish trend line is intact with resistance at $50.40 on the hourly chart of the LTC/USD pair. LTC price is currently in a bearish zone and any recovery could face sellers near $51.00. Litecoin Price Forecast Yesterday, we saw a bearish formation in litecoin price below the $51.70 support area against the US dollar. The LTC/USD pair extended losses and revisited the $50.00 support area. Looking at the chart, LTC price started a short term correction from the $49.50 swing low. It recovered above the $50.00 and $50.50 level. However, the upside move was capped by the $51.20 resistance, which was a support earlier. Moreover, there was no close above the 61.8% Fib retracement level of the downside move from the $52.40 high to $49.50 low. The price formed a high at $51.28 and later started a fresh decline. It broke the $50.50 support and it is currently well below the 100 hourly simple moving average. The recent low was $49.61 and it seems like the price may correct higher in the short term. An initial resistance is near $50.20 and the 23.6% Fib retracement level of the recent slide form the $51.28 high to $49.61 low. More importantly, yesterday’s highlighted key bearish trend line is intact with resistance at $50.40 on the hourly chart of the LTC/USD pair. Above, the trend line, the price could revisit the $51.20 resistance, which is a major hurdle for buyers. As long as litecoin price is trading below the $51.20 level, it remains at a risk of more declines. Therefore, selling rallies close to $51.20 and $51.70 can be considered. The main supports on the downside are positioned near the $49.50 and $48.10 levels. The market data is provided by TradingView. The post Litecoin Price Analysis: Sell Rallies In LTC/USD Short Term appeared first on Ethereum World News.

2 days ago

PIVX (PIVX) Announces the Launch of its Own Decentralized Exchange

The PIVX project recently announced the upcoming launch of the public beta phase of zDEX, a decentralized exchange for the PIVX community. The exchange utilizes the Zerocoin protocol which allows for the trading of a wide variety of crypto tokens without the need for a trusted middleman. The exchange will launch on November 14th, and users will be able to trade BTC, LTC, BCH, DASH, ZEC, and PART against the PIVX token, with more coins to be added in the future along with direct coin trading. (JF)

2 days ago

Daily Crypto Roundup 11/12/2018

Crypto predictions from January, crypto VR application, more crypto fraud, discussion on China’s relationship with crypto, and Bitfinex raising withdrawal fees. Catch up on today’s news! Eerily Accurate Crypto Predictions From January 2018 December 2017 and January 2018 can be labeled as overwhelmingly exuberant in terms of market sentiment and price gain. Thinking clearly is difficult during these times. But one crypto OG saw through the hype, making excellent predictions for the year. Ryan Selkis, aka TwoBitIdiot, wrote a report called the 95 Crypto Theses for 2018. Perhaps the most accurate prediction among many relevant topics, was his call for a “coming 99% off sale”. Many altcoins have seen 80-90%+ drops in price this year. Making this call during exuberant times was admirable. Read on Crypto Insider Decentralizing A Billion-Dollar Virtual Industry Bitcoin creator Satoshi Nakamoto envisioned Bitcoin changing the landscape of the virtual gaming world (among other use cases of course). However, the Ethereum network has taken the reigns in making this a reality lately. Decentraland is “an open-world VR platform that will allow users to create their own reality”, reports Crypto Insider. The game includes virtual real estate speculation and property purchasing. The game uses MANA, an Ethereum based token, for purchasing this virtual land. Decentraland also partnered with peer-to-peer crypto lending network Ripio. Read on Crypto Insider CFTC Fines Bitcoin Trader $1.1 Million For Crypto Fraud Another crypto fraud case hits the media as the U.S. Commodity Futures Trading Commission (CFTC) catches a scammy crypto trader. According to the CFTC press release on Friday, Joseph Kim of Arizona is required “to pay more than $1.1 million for a fraudulent Bitcoin and Litecoin scheme”. He was also given 15 months prison time. Kim organized a Bitcoin and Litecoin scam “that led to more than $1 million in losses, of which Kim misappropriated more than $600,000”, stated the CFTC press release. CoinDesk explains the trader siphoned Bitcoin and Litecoin from a trading firm at which he worked back in the fall of last year. Kim also criminally received significant customer funds late last year as well as earlier this year. Read on CoinDesk Skirting The Great Wall, Part Three: The Paradox Of Cryptocurrencies In China Over the past several years, China has made itself known for crypto bans and regulation. So far this month, China has expanded its anti-ICO stance, grouping airdrops into the banned category. CoinTelegraph details a report questioning crypto’s current use in China, amidst such regulation. Read on CoinTelegraph Bitfinex: New Fee Policy Suggests $30,000 Fee To Withdraw $1 Million Bitfinex is one of the most popular exchange names in the crypto space, despite rumors of suspicious activity. The exchange saw over $1 billion worth of fiat withdrawals over the course of last month, according to a report by Bitcoinist. Bitfinex made an announcement yesterday with its plans for a new fee set up. “Customers making more than $1 million, or two fiat withdrawals within any 30-day period, will incur a three percent fee”, reported Bitcoinist. Read on Bitcoinist The post Daily Crypto Roundup 11/12/2018 appeared first on Crypto Insider.

2 days ago

Crypto Exchange Coincheck Reopens Trading in NEM, Fueling Double-Digit Gains

While the broader cryptocurrency market is trading flat, NEM (XEM) has advanced nearly 15% in the last 24-hour period. Trading in NEM has reopened on Coincheck exchange, which suffered a $500 million hack in NEM at the beginning of the year. NEM made the announcement on Twitter, saying: “Coincheck resumed XEM activities today!” Coincheck, which is based in Tokyo, reopened to deposits last month but at the time only supported Bitcoin, Ethereum Classic, Litecoin and Bitcoin Cash. Followers on social media cheered the development. NEM is currently trading at $0.106 on trading volume of $52 million. (GT)

2 days ago

A Litecoin Transaction Worth $62 Million, Reported to Cost Just 50 Cents

A transaction of over 1 million LTC was recently completed incurring just 50 cents in cost according to ‘Litecoin.com’. In a medium post ‘Litecoin.com’ they note that it is one of the most valuable and largest Litecoin transactions ever. It must be noted that the official website for the Litecoin project is ‘Litecoin.org.’ On the ‘Litecoin.com’ website there is very little information about its backing and motives. The Largest Transaction on Litecoin According to the ‘Litcoin.com’ article, the potentially record-setting transaction on the Litecoin network involved 1,159,005.90779568 LTC coins valued at $62 million. The cost of the transaction was only 0.00922 that equals about $0.5. The large transaction appears to be geared towards the consolidation of funds into a newly created Multi-Signature / Segwit ‘M’ address. Transactions from a few Legacy addresses are now flowing into the new address. The huge inflow of funds has made the new Segwit M address the richest on the Litecoin network. The transaction in question was made by the former richest address on the network. The sender address is now empty. However, the process also destroyed a staggering 71,618,997 coin days. Who Could Own the Address? The identity of the owner of this address is still a mystery which means that somebody will have to come forward to reveal themselves. Until then, the real-world identity of the address owner will remain hidden. What we know is that the exchange could have taken place from a cold wallet. The owner, who has held their coins for a long time likely moved them to a more secure Segwit address. The new multi-signature wallet has multiple private keys and needs to be signed off by multiple parties, unlike Legacy addresses. The transaction in question was made up with multiple inputs of 20,000 LTC, each of which was made up of four batches of 5,000 LTC transactions. The coins originated from an address that still holds 150,000 LTC. The address has many transactions, and it is likely that the address belongs to a hot wallet on an exchange where users were consistently depositing and withdrawing funds. A Litecoin Transaction Worth $62 Million, Reported to Cost Just 50 Cents was originally found on [blokt] - Blockchain, Bitcoin & Cryptocurrency News.

2 days ago

NEM Skyrockets as Coincheck Resumes Trading, Altcoins Trade Up Amidst Bitcoin Stability

NEM (XEM) is currently trading up nearly 20% as cryptocurrency exchange Coincheck resumes its normal trading activity. NEM’s meteoric price rise comes amidst overall market stability, with Bitcoin (BTC) trading steadily at $6,400, and most altcoins trading up. At the time of writing, Bitcoin is trading at $6,400, recovering from a slight dip into the mid-$6,300 region. Bitcoin is still trading firmly in its long-established trading range between $6,200 and $6,700, and its prolonged sideways trading trend has proved to be a positive thing for the altcoin markets. Currently, NEM is leading Monday’s market surge, trading up 17.8% at its current price of $0.11. Following Coincheck’s announcement that they were resuming trading activity on their exchange, NEM surged to highs of $0.114, before falling to $0.103 as a result of profit taking. Its price has since climbed back up and is currently sitting near its current highs. NEM’s sustained price pump has also been fueled by rising trading volume, which jumped from about $5 million prior to the Coincheck announcement, to its current levels of over $48 million. Following the massive $500 million hack Coincheck was the victim of early this year, the exchange has had a difficult time fixing their management issues, security issues, and meeting the new, stricter, regulatory requirements being set forth by Japanese regulators. The Tokyo-based exchange first announced that they would be resuming new account openings and customer deposits in late-October, but limited the cryptocurrencies available to trade to BTC, ETC, LTC, and BCH. Related Reading: Cryptocurrency Market Update: Has NEM Awoken Altcoins Trade Up Although NEM has thus far been the leader of today’s cryptocurrency market surge, other altcoins have posted gains as well. At the time of writing, XRP is the highest preforming major alt, currently trading up nearly 4% over the past 24-hours, at its current price of $0.52. XRP has had a choppy week of trading, first rising to highs of $0.56 on November 6th before falling to lows of $0.49. Since then, its price has gradually drifted upwards towards its current levels. Bitcoin Cash (BCH) is one of today’s worst performing major alts, currently trading down just over 1% at its current price of $520. It is currently down 18% from its weekly highs of $635. Bitcoin Cash’s poor performance over the past few days comes after it witnessed a massive rise from lows of $415 in mid-October, to highs of $635 earlier this week. This rise was fueled by increased buying volume stemming from the imminent hard fork event which is scheduled to occur in three days, on November 15th. Many investors expected its price to continue rising prior to this event, but it now appears that investors are less interested in acquiring the forked units than they are in profiting from its rise prior to the event. Featured image from Shutterstock. The post NEM Skyrockets as Coincheck Resumes Trading, Altcoins Trade Up Amidst Bitcoin Stability appeared first on NewsBTC.

2 days ago

Litecoin News: $62 Million LTC Transaction Settled for Just 50 Cents

Transaction fees are a very common topic in the cryptocurrency industry. Digital transactions are designed to be cheaper compared to bank wires. In the case of Litecoin, a new $62 million transaction was settled for just $0.50. Low Litecoin Transaction Fees Over the past few years, there has been plenty of Bitcoin-related scrutiny. Most of the concerns have to do with the network’s transaction fees. Today, the average fee for sending BTC is just under $0.37 - a far cry from late December 2017’s $25 - $55 average fees. In the case of Litecoin, fees have almost always remained low - even for very large transactions. Recently, one user transferred $62 million worth of Litecoin for just $0.50 in fees. With a bank wire, fees can be as high as $45, if not more, because of the vast amount of money being moved around. This makes cryptocurrencies a cheap and acceptable option for global money transfers in this digital age. The transaction itself is part of moving the funds to a multisignature account. Wallet security is critical in the cryptocurrency industry. This “upgrade’ confirms the funds’ owner wants to keep the money safe at all times. With such low transaction fees, there is no reason not to explore additionally secure options. Despite having numerous transaction inputs, the total cost did not exceed $0.45. A very strong sign of how efficient Litecoin can be when moving vast amounts of money over the network. Cheaper Transactions are Possible This news comes at an interesting time Several weeks ago, a Bitcoin transaction worth $194m was broadcasted for $0.10. This makes Bitcoin more efficient than Litecoin in this regard. Every transaction on this level only represents a snapshot of the actual transaction fees. When timed correctly, money can be moved at nearly no extra cost. The war for cheaper transaction fees is still ongoing. Overall costs have declined for all currencies bar Bitcoin Cash in recent weeks. That is a bit surprising, as Bitcoin Cash is often touted as the “better” Bitcoin. Its larger block sizes and faster transaction times have their own merit. However, fees have risen to $0.0285 in recent days. That is cheaper than Bitcoin but more expensive than Ethereum, Litecoin, and XRP. Bitcoin developers still have their work cut out for them. The average transaction fee for Bitcoin still sits at $0.36. That is far too high compared to the other top cryptocurrencies. This is a steep decline from transaction fees of $1.30 in September 2018, though As the Lightning Network becomes more commonplace, these fees are expected to drop even further. Ethereum is also slated to undergo a scaling fork in 2019. How low do transaction fees need to go before people will stop complaining about them? Let us know in the comments below. Images courtesy of Shutterstock The post Litecoin News: $62 Million LTC Transaction Settled for Just 50 Cents appeared first on Live Bitcoin News.

3 days ago

Japanese IT Gaint GMO Internet, Reveals a Boost in Profit From Cryptocurrency Business

The Japanese Technology Giant GMO Internet just published its report for the third quarter. According to the report, the IT company recorded continuous viable performance in its crypto-related businesses. The report revealed that within one year of GMO operation in crypto-related business, like the production of mining equipment and crypto exchange, it has gained 2.6 billion yen, the equivalent of $22.8 million revenue in the third quarter. A few months ago, the IT company launched a live crypto exchange platform GMO coin, which is its third crypto exchange. It is also involved in mining facilities, mining up to 3,000 BTC and more than 660 BCHs, since it started. Before the launch of the live crypto exchange, GMO had been offering two crypto exchanges and trading services. These existing services are brokerage services, which is called, ‘sale office’ and margin trading services, which is also called ‘virtual currency FX’ service. According to the description of the live crypto exchange, users can view all the activities going on from both ends; “On the exchange, all orders are displayed as board information. Since you can see all the [order] quantities...you can trade while seeing the buying and selling demand of investors other than yourself.’’ Though the initial coin services supported digital currencies like BTC, ETH, BCH, LTC, and XRP, the live trading platform supports the only bitcoin. It has a maker fees of 0% and a taker fees of 0.01%, with no withdrawal fees. It also enables traders to buy and sell about 2 BTC in a single order and 1,000 BTC per day. This new platform already has about 208,000 users trading about 89 billion yen, the equivalent of $781 million last month. The profit reported by the IT Company from this platform is about 34.4 percent quarter on quarter (QoQ). Mid this year, GMO Internet launched mining machine, GMO miner B3. Its minimum hash power of 33 TH/s: enables users to maximize hash power consumption in their location. It can make up to 33 trillion hash calculation per second. Features of the GMO Miners - Power supply unit (PSU) * Voltage requirements: 200 V (100-240 V; tentative) - Supports online update of software - Online monitoring of mining operations (with API) - Supports online detection as an anti-theft measure - Automated temperature sensors * Adjust hash rate automatically if the abnormal temperature is detected to prevent the machine from overheating - Customers are able to join the mining pool “GMO POOL” (no initial cost; fee is yet to be decided) - 180-day guarantee period (customers will have to pay for the repair after the warranty is expired) The total hash rate of the GMO mining operations increased to 459 PH/s, in August. A total of 510 BTC and 25 BCH was mined in August, the company also had mined 2,984 BTC and 661 BCH since the launch. A report from the company revealed it is working on increasing the hash rate by December; “Our hash rate has expanded since the end of July since we are establishing more mining facilities; operating the mining machine from other manufacturers...We will continue to introduce the mining machine from other manufacturers to the in-house mining. Our plan is to see our hash rate surpass 800 PH/s by the end of December.” Though the company planned to open more rigs, it has not been able to achieve this because of some electrical issues. “Although the expansion and mining equipment progressed as planned and recorded sales of 1.2 billion yen, mining profitability declined due to deterioration of the macro environment such as stagnation of bitcoin price as well as the increase of hash rate.” The company just changed sticker for its Japanese yen-backed currency, GMO Japanese yen, from GJY to GYEN. It also announced in October that cryptographic stable coin tied to Japanese which is focused on international transactions will be launched in 2019. After Coincheck hack in January, the company was issued a business improvement order by the Japanese financial service agency. This order warrants that GMO should upgrade its quality of services and render a report on its risk management system to the crypto regulation body in the country. GMO Historical Q3 Performance Summary This report shows the performance in Q3. This report shows performance in quarter Quarter 3 This report shows the performance from June to September The report shows the GMO performance in the third quarter and the hindrance they encountered. The post Japanese IT Gaint GMO Internet, Reveals a Boost in Profit From Cryptocurrency Business appeared first on ZyCrypto.

3 days ago

US Man Fined $1.1 Million, Sentenced to 15 Months for Fraudulent Bitcoin, Litecoin Schemes

A U.S. man that misappropriated $601K in Bitcoin and Litecoin from his employer and lured another $545K from private investors faces 15 months in prison

3 days ago

eToro Gears up for Tokenized Assets, Launches New Crypto Wallet That Supports BTC, BCH, ETH and LTC

Popular social trading platform eToro believes that assets will eventually be tokenized in the future. According to the company, a key preparation for this tokenized world is for the platform to have its own crypto wallet, which it recently launched for Android and iOS. eToro’s Crypto Wallet Supports Bitcoin, Bitcoin Cash, Ethereum, and Litecoin The trading platform is now rolling out its new cryptocurrency wallet which is now available on Apple’s App Store and Google Play, according to TNW. Initially, the wallet will only support Bitcoin, Bitcoin Cash, Ethereum, and Litecoin but eToro already announced plans to include support for more cryptos in the near future. At the moment, however, only Platinum Club members will be able to transfer cryptocurrency from eToro to the new wallet, a feature that will only work for Bitcoin for the time being. The company promised that the function will soon become available to other users as well and will also include other cryptos. eToro CEO Yoni Assia explained: “The eToro wallet today is just the beginning and we will adding a whole host of additional functionality which will include supporting additional crypto and fiat tokens, crypto to crypto conversion, the ability to deposit fiat, payment in store and more.” The company said that the new wallet was released only to select countries and users. This means that those who can’t find the app on either App Store or Google Play might have to wait until it becomes available in their location. Assets Will Be Tokenized Launching a new crypto wallet is just a minor but crucial step in eToro’s long-term plans. Apparently, the company is betting on a future where all assets will be tokenized and tradeable on the platform. Yoni Assia said: “We believe that in the future all assets will be tokenised and that crypto is just the first step on this journey. Just as eToro has opened up traditional markets for investors, we want to do the same in a tokenised world. The eToro wallet is a key part of this.” eToro joins a growing list of firms that believe tokenization of assets is bound to happen. For instance, the Boston-based Goldman Sachs-backed tech company Circle made a big bet on the tokenization of everything with its various acquisitions in the crypto space. eToro Gears up for Tokenized Assets, Launches New Crypto Wallet That Supports BTC, BCH, ETH and LTC was originally found on [blokt] - Blockchain, Bitcoin & Cryptocurrency News.

3 days ago

Exchanges Roundup: Revolut CEO Discusses Investment, Etoro Starts Rollout of Wallets

In recent exchange news, the chief executive officer of Revolut has expressed doubt regarding the institutional appetite for cryptocurrency exposure, Binance has launched a new research division, and Etoro has begun the gradual rollout of its wallet for Android and iOS users. Also Read: Korea’s Upbit to Launch Crypto Exchanges in Thailand and Indonesia Revolut CEO Skeptical on Institutional Investment Nikolay Storonsky, the chief executive officer of fintech unicorn Revolut, recently expressed skepticism regarding the rhetoric circulating throughout the cryptosphere that suggests institutional investors are eager to gain exposure to bitcoin. “There is no interest from big institutional investors so far,” Storonsky said at the recent Web Summit 2018 in Lisbon. “Unless these big institutional investors and hedge funds move heavily into the crypto world I just don’t think banks will move because they simply try to make money from their clients.” Despite his statements, Storonsky concluded that “fintech will be very big in crypto for the foreseeable future.” He added: “I just don’t think banks will catch up.” Binance Announces Research Division Binance, the leading cryptocurrency exchange by trade volume, has announced the launch of a new in-house analysis division, Binance Research. The company said that the new division will “increase transparency and (the) accuracy of information in the cryptocurrency and blockchain space.” It added that it aims to “shine a spotlight on quality blockchain projects.” As of this writing, Binance Research has published a report providing analysis on Loom Network, as well as another one on Gochain. According to the company’s website, a report looking at Pundi X will also be published “soon.” Etoro Starts Rollout of Android and iOS Wallets Social trading platform Etoro has started launching its cryptocurrency wallet for Android and iOS users. According to a press release, the wallet is being rolled out in different countries in phases in order to “ensure the best customer experience for clients.” The wallet is currently available for download via Google Play and Apple’s App Store. It will only support BCH, ETH, LTC and BTC. Etoro plans to eventually add support for other cryptocurrencies in the future. “The eToro wallet today is just the beginning and we will be adding a whole host of additional functionality which will include supporting additional crypto and fiat tokens, crypto to crypto conversion, the ability to deposit fiat, payment in-store and more,” said Yoni Assia, the chief executive officer of Etoro. Do you think that the hype regarding the institutional appetite for crypto is real? Share your thoughts in the comments section below! Images courtesy of Shutterstock, Wikipedia, Etoro At Bitcoin.com there’s a bunch of free helpful services. For instance, have you seen our Tools page? You can even lookup the exchange rate for a transaction in the past. Or calculate the value of your current holdings. Or create a paper wallet. And much more. The post Exchanges Roundup: Revolut CEO Discusses Investment, Etoro Starts Rollout of Wallets appeared first on Bitcoin News.

3 days ago

Exchanges Roundup: Revolut CEO Discusses Investment, Binance Launches Research Unit

In recent exchange news, the chief executive officer of Revolut has expressed doubt regarding the institutional appetite for cryptocurrency exposure, Binance has launched a new research division, and Etoro has begun the rollout of its wallet for Android and iOS users. Also Read: Korea’s Upbit to Launch Crypto Exchanges in Thailand and Indonesia Revolut CEO Skeptical on Institutional Investment Nikolay Storonsky, the chief executive officer of fintech unicorn Revolut, recently expressed skepticism regarding the rhetoric circulating throughout the cryptosphere that suggests institutional investors are eager to gain exposure to bitcoin. “There is no interest from big institutional investors so far,” Storonsky said at the recent Web Summit 2018 in Lisbon. “Unless these big institutional investors and hedge funds move heavily into the crypto world I just don’t think banks will move because they simply try to make money from their clients.” Despite his statements, Storonsky concluded that “fintech will be very big in crypto for the foreseeable future.” He added: “I just don’t think banks will catch up.” Binance Announces Research Division Binance, the leading cryptocurrency exchange by trade volume, has announced the launch of a new in-house analysis division, Binance Research. The company said that the new division will “increase transparency and (the) accuracy of information in the cryptocurrency and blockchain space.” It added that it aims to “shine a spotlight on quality blockchain projects.” As of this writing, Binance Research has published a report providing analysis on Loom Network, as well as another one on Gochain. According to the company’s website, a report looking at Pundi X will also be published “soon.” Etoro Starts Rollout of Android and iOS Wallets Social trading platform Etoro has started launching its cryptocurrency wallet for Android and iOS users. According to a press release, the wallet is being rolled out in different countries in phases in order to “ensure the best customer experience for clients.” The wallet is currently available for download via Google Play and Apple’s App Store. It will only support BCH, ETH, LTC and BTC. Etoro plans to eventually add support for other cryptocurrencies in the future. “The eToro wallet today is just the beginning and we will be adding a whole host of additional functionality which will include supporting additional crypto and fiat tokens, crypto to crypto conversion, the ability to deposit fiat, payment in-store and more,” said Yoni Assia, the chief executive officer of Etoro. Do you think that the hype regarding the institutional appetite for crypto is real? Share your thoughts in the comments section below! Images courtesy of Shutterstock, Wikipedia, Etoro At Bitcoin.com there’s a bunch of free helpful services. For instance, have you seen our Tools page? You can even lookup the exchange rate for a transaction in the past. Or calculate the value of your current holdings. Or create a paper wallet. And much more. The post Exchanges Roundup: Revolut CEO Discusses Investment, Binance Launches Research Unit appeared first on Bitcoin News.

3 days ago

Evident Proof Blockchain Platform Accepts Dash and Ripple’s XRP to Broaden its User Base

Evident Proof; a decentralized, unhackable, and immutable blockchain protocol developed by former Microsoft employees has announced that it will start to accept Dash and XRP as their adoption in the crypto sphere continues to grow. The blockchain protocol also accepts BTC, ETH, Bitcoin Cash, Litecoin, Monero, and BNB tokens which were chosen because they are popular within the developer community. The digital assets can be exchanged for the platform’s native tokens (EPT) and can be used as a form of payment for platform fees. Evident Proof Eyes Growth Adrian Clarke, the founder, and chief executive of Evident Proof spoke highly of the adoption of the two digital assets. Clarke said: “The speed in transaction times together with the relative price stability has influenced our decision to accept these new coins. As business adoption of these two cryptocurrencies soar, there is a synergy in accepting them within our platform as opening up EPT to these new tokens increases accessibility and helps to broaden the potential business user base of the Evident Proof platform.” Dash is known for its speed and anonymity. The digital asset has been widely adopted in Venezuela since the country’s native currency collapsed due to hyperinflation. With a market cap of more than $1.3 billion, Dash is the 13th largest cryptocurrency by market capitalization. Its price is currently trading at $167.08, up by 3.86 percent today. Ripple’s XRP is the third largest digital asset by market cap and is trading at $0.50, up by 1.03 percent in the last 24 hours, according to data provided by CoinMarketCap. In recent times, Evident Proof has had a good run of good news. The firm scored 100 percent after its smart contracts were audited by the well-known Hosho. The company also got a seal of approval by CMS, the second largest law firm in the UK. According to the seal, data verified by the firm is admissible in courts in several jurisdictions including the UK, U.S. Europe, Hong Kong, and China. Evident Proof Blockchain Platform Accepts Dash and Ripple’s XRP to Broaden its User Base was originally found on [blokt] - Blockchain, Bitcoin & Cryptocurrency News.

3 days ago

CFTC Enforcement Action: $1.14 Million Penalty and 15 Months Jail Sentence for Crypto Trader

On 9 November 2018, the U.S. Commodity Futures Trading Commission (CFTC) issued an Order filing and settling charges against crypto trader Joseph Kim, requiring him to pay a penalty of over $1.1 million for "a fraudulent Bitcoin and Litecoin scheme." Furthermore, Kim was given a 15 months sentence by the U.S. District Court for the Northern District of Illinois.

3 days ago


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