📮 26-09-2019
📈 MarketCap: $225 B
📊 24h Mcap %: 1.66%
⚠️ Bitcoin Dom: 67.6%
Active Coins: 2,563
24h Vol %: -41.27%
24h Vol: $51 B
Controversial cryptocurrency exchange Bitfinex has won an appeal from the New York Supreme Court, meaning it will not have to hand over paperwork regarding a $900 million line of credit. The parent company of Bitfinex was sued by New York attorney general James in April, following allegations that the company was given the line of credit from Tether Holdings Limited, the maker of the USDT, a stablecoin widely used in the cryptocurrency space to enter and exit investments.
Bitcoin’s hash rate has been almost entirely corrected. It’s now back to normal levels, at more than 92.0 EH/s at the time of writing. The last few days have seen quite a twist sentiment in the crypto industry, as the prices of numerous digital currencies dropped by 20 to 30%, or even more, across the board. While many investors, traders were confused by the situation, analysts pointed out that the price crash could be due to a sudden and steep drop in Bitcoin’s hash rate, which went from 98,12 EH/s to 67,38 EH/s.
Japan’s financial giant Monex Group, owner of cryptocurrency exchange Coincheck, will be granting Bitcoin (BTC) as a mid-term shareholder benefit in 2019. Japan’s financial giant Monex Group, owner of cryptocurrency exchange Coincheck, will be granting Bitcoin (BTC) as a mid-term shareholder benefit in 2019. The new program will pay out crypto dividends to all Monex shareholders, regardless of how many shares they hold, but only to customers who have an account at Coincheck.
Long-time blockchain advocate Andreas Antonopoulos took aim at the global banking sector, describing it as a “golden cage” akin to a cartel that would ultimately be destroyed by Bitcoin. Andreas, argued that Bitcoin is the perfect tool to counteract what he called “the surveillance-banking cartel”. He also said that no matter what bankers try to do, they can’t shut it down; and that fundamentally, bitcoin is akin to financial freedom. Here are some of the highlights.
Policymakers and central banks should respond to challenges that Libra wants to solve, Benoit Coeure, an ECB board member said, He told global payment systems still lack access and efficiency of cross-border retail payments. 1.7 billion adults globally have no access to basic payment services despite Around 1.1 billion of people having a mobile phone and access to the internet, He said. Cross-border retail payments are critical for migrants who send remittances home, However Cross-border payments are generally slower an expensive.
Customers of major crypto exchange Binance can now purchase crypto directly using debit and credit cards via payment processing firm Koinal. Using Koinal, Binance clients are able to buy five cryptocurrencies including Bitcoin (BTC), Ether (ETH), Litecoin (LTC), XRP and Bitcoin Cash ABC (BCHABC), the post notes. Since Koinal payment processing is subject to local bank policies, the solution is not available in a wide list of countries and regions.
Investment app provider SoFi has gone live with crypto trading service for its over 800,000 users. SoFi users can initially buy and sell - bitcoin (BTC), ether (ETH) and litecoin (LTC). SoFi said that the service is a result of growing demand from its users. “Feedback from our members has made it clear that a significant percentage are not only interested in learning more about cryptocurrencies but are also already buying and selling crypto,” said SoFi CEO Anthony Noto.
The lightning-friendly Fold App, which allows users to spend bitcoin on goods and then earn BTC-back rewards, just added fiat capability after raising $2.5 million in its first round as an independent startup. Fold product lead Will Reeves, said that capital will go towards cementing partnerships, both in the cryptocurrency and retail space. When people spend fiat at retailers they will receive BTC rewards. They can spend those rewards or withdraw them to an on-chain address.
United States-based crypto exchange Coinbase announced that it made Stellar’s Lumens (XLM) trading available also to those users who reside in New York. New York state residents can now trade, store, send and receive Stellar Lumens using both the service’s official website and mobile app. Coinbase is considering adding support for Telegram’s Gram and 16 additional digital assets as well. That being said, the exchange admitted that the trading of those assets may not start everywhere at the same time.
A pair of job openings are shedding light on Ripple’s potential plans for the future of its XRP-based cross-border payment solution xRapid. The company currently has an opening for a senior manager of business development in Singapore. Ripple says it’s looking for someone who can find and build xRapid partnerships in Asia-Pacific countries. The listing reveals plans for an extensive strategy to launch new xRapid corridors and ensure regulatory compliance.
After much anticipation of an explosive move, Bitcoin has finally chosen a direction for the short-term dumping through the asymmetrical triangle support. On the 1 hour chart for XBT/USD, the recent break-down that has taken place. This movement resulted in price levels crashing through the larger asymmetrical triangle support clearly visible on the daily chart. There could be another dump through $8,200 down to between $7,150 and $7,400 over the coming days.
