Altcoin news

An alternative cryptocurrency to Bitcoin.

World latest news

Mid-Cap Altcoins Gain 30-50% a Day: Is The First Altcoin Season of 2019 Already Here?

It appears that the cryptocurrency market is mostly moving sideways throughout the first weeks of 2019. Since the start of the year, it has lost about $4 billion which represents a little less than 4 percent of its market capitalization. In general, though, except for the few more severe movements a few days ago, the market is mostly moving sideways. However, a relatively wide group of mid-cap altcoins have seen substantial spikes over the last few days, begging the question – is altcoin season 2019 here already? What is an Altcoins Season? Altcoins Season is a term mainly used among crypto-oriented online communities on social media, to describe a period in the market cycle when altcoins experience a substantial spike in their value against Bitcoin (BTC), which usually also spikes the USD value of the coin. Throughout this period, it’s not uncommon for many altcoins to enter a reasonably parabolic state, enabling them to grow at unparalleled rates. Now, it’s important to note that this is generally an anticipated period in the market cycle because it can grant serious profits to the coin holders. At the same time, though, it can also be disastrous for those who are unable to time the market precisely, causing them to buy “the top” – to purchase an altcoin at its peak value and stay with the bags. This is also referred to as pumps and dumps. Someone said once that Doge is the official opener of the Altcoin season. As can be seen, Dogecoin didn’t move much over the past days. So, is the first Altcoin Season of 2019 here already? Let’s have a look at a few top-performing altcoins as of the time as of writing this post: Leading the march is Apollo Currency (APL). It’s currently 109.17% more expensive than it was yesterday. It’s worth noting that the project’s Twitter’s feed is full of announcements which may have triggered the price increase. For example, they announced an integration with cryptocurrency wallet Bitfi. The second project which went through decent gains over the last 24 hours is Augur (REP). REP is currently up 32.69 percent. However, at some point during the previous 24 hours, it was up with more than 65 percent. The rapidly declining price might signal for a pump and dump move. There was a recent announcement on the project’s official Twitter page that they’ve launched some updates of their app. Tierion (TNT) is another altcoin that went up 100% yesterday. However, it’s currently trading in the negative compared to yesterday’s price, signaling that it’s most likely a pump and dump. Loopring (LRC) is currently trading about 20% in the positive. No apparent news might have triggered the increase, as LRC rocketed with more than 60% yesterday. Most of it is going away, however, which might yet be a signal for a pump and dump. At the same time, looking at the top-20 altcoins, none of them had shown any significant signs of a rally. This is perhaps a sign that an altcoin season is yet to be seen in 2019. Additionally, for it to be categorized as an altcoin season, the period should see a decrease of Bitcoin’s dominance index. Not only hasn’t it decreased – in January it has marked a very slight increase of about 0.7%. Bitcoin dominance: The relation between Bitcoin’s market cap to that of the entire cryptocurrency market cap (in percentage).     The post Mid-Cap Altcoins Gain 30-50% a Day: Is The First Altcoin Season of 2019 Already Here? appeared first on CryptoPotato.
CryptoPotato

Altcoins Daily Preview: Monero (XMR) and Cardano (ADA) Headwinds, Sellers Firm

Latest Cardano News Cardano’s objectives are not far-fetched. By taking a slow and measured approach in dealing with a “machine” that will in the future handle financial transactions as well as comply with regulators requirement demands diligence. Read: Five More 2019 Crypto Predictions From Industry Executives There should be a high level of conscientiousness and thoroughness. Without a doubt, this is the reason why Cardano and Charles Hoskinson decided to path find, open up new avenues, allow researchers to cross check and certify code while holding supervisors accountable in a strict quality assurance move. It is solely because of these checks that the project is lagging. Notwithstanding, they simultaneously researched and published a side chain, proof of concept white paper meant for Proof of Stake system that they. For their innovation, the team made up of Kiayias Zindros, Peter Gazi and Dionysis Zindros—were invited at the Oakland Cybersecurity Conference. Also Read: Bittrex Has Launched a Cryptocurrency Over-the-Counter (OTC) Trading Desk At this pace and despite the delay, commentators are arguing that perhaps ADA and Cardano may in the long term outperform platforms as Ethereum. Founding their stand is the fact that Cardano is striking milestones and as a project funded solely by the community, their motivation is to create a working platform, benefit initial investors before thinking of profit. Cardano (ADA/USD) Price Analysis By adding 2.6 percent in the last day, ADA is back to the top 10. Although sellers are in pole position to drive prices lower—ADA/USD is after all trading within a bear breakout pattern set in motion by Nov 29 losses, bulls appear to be in charge rising as ADA expand in a retest phase. Note that unless otherwise there are sharp spikes above 6 cents, conservative traders should stay in the sidelines. On the other hand, aggressive traders can initiate longs at spot rates with stops at Dec 28 lows of 3.6 cents. First targets will be 9.5 cents and we expect momentum to pick up more so when prices rally above Jan 10 highs. Monero (XMR/USD) Price Analysis Like most coins, XMR is range bound as prices are held within Jan 14 high low. What’s more, Monero found support at $40 or Dec 28 lows which means the bull flag pattern of late Dec and early Jan is valid. Besides, when we paste a Fibonacci retracement tool between Dec 2018 high low then it is clear that XMR is bouncing off the 78.6 percent Fibonacci level, a key reaction level where we expect prices to rally towards $60, a bull trigger line. After all, prices are accumulating and from an effort versus result perspective, bulls have an upper hand. However, conservative traders should wait for clear breaks above $60 with first targets at $75. All charts courtesy of Trading View—BitFinex This is not Investment Advice. Do your Research. The post Altcoins Daily Preview: Monero (XMR) and Cardano (ADA) Headwinds, Sellers Firm appeared first on Ethereum World News.
Ethereum World News

Altcoin Arbitrage Today: XLM, ETH, LTC, USDT, ZEC, TRX

As the weekend almost dawns upon the cryptocurrency markets, the time to make good money lies ahead. All markets show some interesting price shifts as of late, which almost always leads to arbitrage opportunities between exchanges. The following currencies let users score some decent profits for exploiting these price differences throughout the day. ZCash (Bittrex / Bitfinex) Even though the same price difference was visible yesterday, it seems the ZCash market son Bittrex and Bitifnex remain apart. The minor 1.37% price gap persists even today. For traders, this makes for an easy target and potential profit. Simply buy ZEC on Bittrex and sell it on Bitfinex. There isn’t much effort involved in these types of trades. That only makes the potential profits even sweeter. Stellar Lumens (KuCoin / Binance / EXMO) Another day in arbitrage trading and another day of EXMO-related price differences. When it comes to XLM, there are a few different options to explore. The Stellar Lumens price on KuCoin, HitBTC, Gate, Binance, and Kraken is lower compared to EXMO. An average profit of 1.8% awaits in this regard. Users can also flip XLM between Binance or Kraken and EXMO. That potential profit sits closer to the 2.2% mark. Ethereum (OKEx / Poloniex / EXMO) A hefty amount of price gaps persist where Ethereum is concerned. Its value on HitBTC, OKEx, Poloniex, Gate, Binance, Kraken, Kucoin, Vebitcoin, Bitstamp, and Bittrex is lower compared to EXMO. Users can expect an average gain of nearly 21.4% by exploiting this price difference. Another option is to explore the Bittrex – Bitfinex gap for a 1.41% profit. A lot of good options to make some quick money with this token. Litecoin (Bitstamp / Bittrex / Bitfinex) It doesn’t happen all that often a Litecoin arbitrage opportunity comes around. For today, buying on Bitstamp or Bittrex and selling on Bitfinex will yield a 1% profit. Users can also buy on Bitstamp to sell on Koinim, Koineks, VeBitcoin, or CEX. The average profit for doing so is slightly higher, especially where Bitstamp – VeBitcoin is concerned. Numerous options worth checking out in the search for quick profits. USDT (Bittrex / Sistemkoin) Throughout this entire week, there has always been at least one stable-coin related arbitrage opportunity. Today, that moniker belongs to Tether’s USDT. Its price on Bittrex is 0.88% lower compared to Sistemkoin. As such, the trade itself is rather straightforward. It is not the most lucrative option, yet still provides ample profit for the minute effort involved. Tron (Binance / Sistemkoin) It would appear the TRX price on Binance and Sistemkoin fluctuates quite a bit. At times, an interesting price gap between these platforms becomes apparent. The difference can be as large as 1.74%. That in itself makes for an interesting opportunity. It is also one of the more lucrative options to explore today. Information provided by Arbing Tool Disclaimer: This is not trading or investment advice. The above article is for entertainment and education purposes only. Please do your own research before purchasing or investing into any cryptocurrency. Log in to use Ginger Limited mode Z Cash (Bittrex × The post Altcoin Arbitrage Today: XLM, ETH, LTC, USDT, ZEC, TRX appeared first on NullTX.
NullTX

[Altcoin Discussion] Thursday, January 17, 2019

Thread topics include, but are not limited to: Discussion related to recent events Technical analysis, trading ideas & strategies General questions about altcoins Thread guidelines: Be excellent to each other. All regular rules for this subreddit apply, except for number 2. This, and only this, thread is exempt from the requirement that all discussion must relate to bitcoin trading. This is for high quality discussion of altcoins. All shilling or obvious pumping/dumping behavior will result in an immediate one day ban. This is your only warning. No discussion about specific ICOs. Established coins only. If you're not sure what kind of discussion belongs in this thread, here are some example posts. News, TA, and sentiment analysis are great, too. Other ways to interact: Get an invite to live chat on our Slack group and check out the #altcoins channel Daily Discussion for bitcoin only: Daily Discussion Prior Altcoin Discussion: Altcoin Discussion
/r/BitcoinMarkets

Altcoins Daily Preview: Stellar Lumens (XLM) to Rise 260% by Dec 2019–Fintech Leaders

Latest Stellar Lumens News By design, the crypto market is inherently volatile. That’s to say asset prices can swing by large margins in matter of minutes, hours or days. We saw what happened in Sep last year when XRP prices soared 400 percent a few days before xRapid and the super hyped SWELL conference. Therefore, although their outlook is a bit outrageous—and even full of hopium, the analysis from a “panel of experts” lead by Ben Ritchie, COO of digital capital management and Bitcoin educator and investor, Jimmy Song cannot be binned just like that. Read: DX.Exchange Continues to Upgrade its Platform a Week After Launch In their own view, the crypto market is likely to make a U-turn and that means a change of fortune for asset prices including Lumens. While Jimmy Song retained a bearish outlook saying BTC may as well tank to $2,100 before snapping back to trend, Ritchie cited adoption levels and the overall impact of traditional markets on cryptocurrencies. Also Read: After $182M Funding Round, Crypto Platform Bakkt Makes Acquisition Even so, the market is generally apprehensive with the scars of 2018 yet to heal. Therefore, while experts can spew random numbers, it will be hard to settle on a figure because like any asset, unpredictable macros can be a real bummer. Anyhow, the year is still “young” and as optimism fill the air, the short to medium term projection largely depends on January’s barometer. Stellar Lumens Price Analysis If anything, Stellar Lumens (XLM) has been consolidating against the USD for the better part of the year. By dropping from 30 cents to 15 cents after four months from July to Nov 2018, XLM is pretty stable. However, let’s not forget that by dropping and closing below 15 cents in mid-November, XLM is trading within a bear breakout pattern against the USD. As laid out in previous altcoin daily previews, 15 cents should be important as far as XLM trading is concerned and for bulls to be in control, then the bear breakout pattern confining recent price action must be nullified. If not, then rejection of higher highs could trigger a sell off in the third phase of a bear breakout pattern. It is for this sole reason that we retain a neutral approach, tracking XLM performance in the short term. Rallies above 15 cents will no doubt increase XLM mark cap, opening up opportunities for retest of 30 cents. on the flip side, declines below 8 cents could see XLM sink towards 5 cents or lower by end of January 2019. Litecoin Price Analysis LTC prices may be stable but recoveries above $50 anchors on reaction at $35. Note there is a bull trap and although the trend is still up, traders need to see increased market participation confirming late Dec 2018 upswings. That mean, bulls will be in control but for positions to be initiated, prices must surge above $35 at the back of above average volumes. Thereafter, we shall trade in line with previous trade plans with targets at $50. Otherwise, declines below $30 exposes LTC to Dec 2018 lows of $20. All Charts courtesy of Trading View—BitFinex, Bittrex This is not Financial/Investment Advice. Do your research. The post Altcoins Daily Preview: Stellar Lumens (XLM) to Rise 260% by Dec 2019–Fintech Leaders appeared first on Ethereum World News.
Ethereum World News

Altcoin Arbitrage Today: USDT, DOGE, EOS, XLM, LTC, ZEC

Every day is a good time to make money with cryptocurrencies, tokens, and digital assets. Although the overall momentum has turned rather bearish once again, this will also create new price gaps waiting to be explored by traders. The following markets are well worth keeping an eye on in search of profits, as the current price gaps can potentially widen as more time progresses. ZCash (Bittrex / Poloniex / Gobaba) A fair few interesting ZCash-related price gaps are popping up between different trading platforms. A healthy 2.04% price gap exists between Bittrex and Bitfinex. Smaller gaps are worth exploring as well. ZEC prices on HitBTC, Poloniex, and Gate are lower compared to Gobaba. While the difference may be just 0.8%, this can still result in some pretty decent profits when performing many trades throughout the day. USDT (Bittrex / Sistemkoin) There has been some minor controversy regarding Tether’s USDT today, although it seems there is nothing to be overly concerned about as of right now. What is more interesting to keep an eye on, however, is the USDT price gap between Bittrex and Sistemkoin. A profit of 0.96% can be pocketed from every trade, which is a respectable amount. There is still a huge demand for USDT, thus liquidity shouldn’t pose any issues. Dogecoin (HitBTC / Gate / LiveCoin) Every time a Dogecoin price gap presents itself, taking advantage of this opportunity becomes paramount. There is a lot of good money to be made where this popular currency is concerned. The value per DOGE on HitBTC and Gate is lower compared to Livecoin. Potential profits range from 1.6% to 2.1% per trade. Another good moneymaking opportunity in the cryptocurrency world, despite the overall market momentum. EOS (Binance / KuCoin / Gobaba) When the bigger alternative markets are subjected to arbitrage opportunities, things start to look rather promising. For today, there are a few different EOS price gaps which can yield up to 1% in profit. The value on Binance, KuCoin, and Gate is lower compared to Gobaba, which makes for rather straightforward trades. XLM (HitBTC / Binance / EXMO) There is no shortage of XLM price gaps waiting to be explored today. As long as one is comfortable with selling XLM on EXMo, liquidity can be sourced from virtually any other exchange. HitBTC, Gate, Binance, Kraken, KuCoin, and Bitexen are all viable options in this regard. Whereas most opportunities will yield a profit of over 3%, the Bitexen – EXMO option is subject to just 1.76% in profit. Even so, it is still a very viable option, all things considered. Litecoin (Bitstamp / Bittrex / Bitfinex) Litecoin has become subject to price gaps quite regularly as of late, which is pretty interesting to keep an eye on over the coming days and weeks. For today, the silver to Bitcoin’s gold is valued lower on Bitstamp and Bittrex compared to Bitfinex. This option results in potential profits between 1.3% and 2.1%. Users can also flip LTC between Binance and Gobaba for a potential 0.77% gain. Having multiple options to pocket a profit is always a good thing, especially in this industry. Information provided by Arbing Tool Disclaimer: This is not trading or investment advice. The above article is for entertainment and education purposes only. Please do your own research before purchasing or investing into any cryptocurrency. Log in to use Ginger Limited mode Another good moneymaking opportunity in the cryptocurrency world, despite × Image(s): Shutterstock.com The post Altcoin Arbitrage Today: USDT, DOGE, EOS, XLM, LTC, ZEC appeared first on NullTX.
NullTX

[Altcoin Discussion] Wednesday, January 16, 2019

Thread topics include, but are not limited to: Discussion related to recent events Technical analysis, trading ideas & strategies General questions about altcoins Thread guidelines: Be excellent to each other. All regular rules for this subreddit apply, except for number 2. This, and only this, thread is exempt from the requirement that all discussion must relate to bitcoin trading. This is for high quality discussion of altcoins. All shilling or obvious pumping/dumping behavior will result in an immediate one day ban. This is your only warning. No discussion about specific ICOs. Established coins only. If you're not sure what kind of discussion belongs in this thread, here are some example posts. News, TA, and sentiment analysis are great, too. Other ways to interact: Get an invite to live chat on our Slack group and check out the #altcoins channel Daily Discussion for bitcoin only: Daily Discussion Prior Altcoin Discussion: Altcoin Discussion
/r/BitcoinMarkets

St. Louis Federal Reserve Predicts ‘Flood’ of Altcoins Will Drive Down BTC Prices

The St. Louis branch of the Federal Reserve bank has published a report seeking to examine the long-term prospects of BTC as an investment. The paper is highly critical of bullish outlooks for bitcoin, asserting that a “flood” of altcoins will deflate the price of all cryptocurrencies relative to fiat currencies over time. Also Read: Marshall Islands Updates 2019 Roadmap for Sovereign Cryptocurrency Economic Research Arm of St. Louis Federal Reserve Assesses Bitcoin’s Prospects The St. Louis Federal Reserve has published a paper that seeks to assess the prospects of bitcoin as a long-term investment. According to the paper, the bullish argument for bitcoin core is that it will appreciate “indefinitely” due to its “capped supply and an ever-growing demand.” The bearish case for bitcoin, the St. Louis fed asserts, is that “Bitcoin’s price will fall to zero, as it’s an intrinsically worthless asset.” Ultimately, the paper predicts that the future price action for bitcoin is likely to remain bounded between the aforementioned “extremes.” St. Louis Fed Argues ‘Ever-Expanding’ Altcoin Supply Will Diminish Bitcoin Prices The St. Louis Federal Reserve describes the bitcoin bull scenario as “too optimistic,” emphasizing the expectation that the “ever-expanding supply of alternative cryptocurrencies” will drive down the price of BTC relative to fiat currencies. The paper asserts that the bullish outlook for bitcoin “assumes that the nominal exchange rate between bitcoin vis-a-vis other cryptocurrencies will adjust in proportion to their relative supplies,” adding that “Bitcoin is expected to appreciate relative to its competitors or, equivalently, its market capitalization share will stay constant over time.” St. Louis Federal Reserve Claims Bitcoin ‘Has No Fundamental Value’ The bearish outlook is predicated on the assertion that “Bitcoin has no fundamental value” and that the market will “recognize this fact” sooner or later. While appearing to make concessions for the possibility that bitcoin will not crash down to zero, the paper notes that “one can accept that bitcoin trades above its fundamental value without claiming that its fundamental value is zero,” adding that “many securities trade above what might be considered their fundamental value.” In concluding, the paper asserts that the price dynamic of an unbacked asset will likely produce significant volatility and is “inherently unforecastable.” While the St. Louis Federal Reserves adds that the price of bitcoin is “not likely” to fall to zero, the paper repeatedly emphasizes the authors’ expectation that the proliferation of altcoins “is likely to place significant downward pressure on the purchasing power of all cryptocurrencies, including bitcoin.” What is your response to the St. Louis Federal Reserve’s predictions regarding the long-term outlook for bitcoin? Share your thoughts in the comments section below! Images courtesy of Shutterstock, Wikipedia 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 St. Louis Federal Reserve Predicts ‘Flood’ of Altcoins Will Drive Down BTC Prices appeared first on Bitcoin News.
Bitcoin News

Altcoins Daily Preview: NEO and EOS Rise, Cryptopia’s Security Lapse

Latest EOS News While there are numerous opportunities to profit, we cannot really hide our heads in the sands. Blockchain and web 3.0 is proving to be a breeding ground for hackers and scammers. And it’s not hard not to see where all this is stemming from. If there are no intervention, centralized exchanges will always be honey pot for hackers on the lookout searching for “prey”. A lapse and the resulting hack can be devastating. Read: News Flash: Cryptopia Exchange Hacked, Investigations by New Zealand Authorities Ongoing However, it seems like some small exchanges are not drawing lessons from multi-million losses of Coincheck, Coinone and others pinned down not only by regulators but from customers demanding reimbursement of funds. It’s unfortunate but Cryptopia is the latest “prey” and reports indicate that as much as $2.5 million worth of ETH might have been siphoned off. That is substantial and it could explain why the exchange is offline. pic.twitter.com/0ZwqFfwwHi — Cryptopia Exchange (@Cryptopia_NZ) January 15, 2019 According to an official statement, hackers struck on Jan 14 but the team intercepted them. To prevent further damage, they took the platform offline. Thereafter Cryptopia notified authorities. However, this was not before 19,390.663 ETHs were moved off the exchange to an unknown wallet. I wish you all the best. However, you have listed so many shit coins it was only a matter of time until something like this happened. Staff are always distracted dealing with shitcoins instead of focusing on what matters. That's what it looks like from an outsiders perspective. — MacX (@WhiteHayez) January 15, 2019 But even with this hack, some are unsympathetic insisting that they had listed so many shit coins, staff were distracted from dealing with what really matters. EOS Price Analysis Like the rest, EOS performance is impressive. It’s up 6.4 percent against the USD at the time of press. From candlestick arrangement, it is likely that EOS will rally and even break above the $3.2 and $4 barrier. Also Read: Bittrex Has Launched a Cryptocurrency Over-the-Counter (OTC) Trading Desk Still, before any of that happens, we shall maintain a bearish outlook only changing our short to medium term preview subject to EOS bulls building enough momentum and driving prices first above $3. As laid out in previous EOS price analysis, the race to $4—our first conservative target depends on the strength of bull break out above $3. At the moment though, aggressive traders can buy at spot with stops at Jan 14 lows of $2.2 with first targets at $3. Meanwhile, conservative traders ought to initiate longs once there are gains above $3.2 or Dec 2018 accumulation with targets at $4. Our short-term EOS/USD trade plan will be as follows: Buy: Spot, $3 Stops: $2.2, $3 Target: $4 NEO Price Analysis At 17th, NEO’s performance is average. It is up 5.4 percent in the last day and far from what it registered in the first week of January. Regardless, the path of least resistance is Northwards and with favorable candlestick arrangement from a top down approach, bulls stand a chance to retest $15. However, this is dependent on the trajectory taken in the next few days as we note that NEO, like most altcoins, is stuck within a bear breakout pattern despite yesterday’s gains. If anything, we need high-volume gains above $10. Afterwards, the first target will be $15. Trading the NEO/USD pair will be as follows: Buy: $10 Stop: $8.5 Target: $15 All Charts courtesy of Trading View—BitFinex This is not Investment Advice. Do your Research. The post Altcoins Daily Preview: NEO and EOS Rise, Cryptopia’s Security Lapse appeared first on Ethereum World News.
Ethereum World News

[Altcoin Discussion] Tuesday, January 15, 2019

Thread topics include, but are not limited to: Discussion related to recent events Technical analysis, trading ideas & strategies General questions about altcoins Thread guidelines: Be excellent to each other. All regular rules for this subreddit apply, except for number 2. This, and only this, thread is exempt from the requirement that all discussion must relate to bitcoin trading. This is for high quality discussion of altcoins. All shilling or obvious pumping/dumping behavior will result in an immediate one day ban. This is your only warning. No discussion about specific ICOs. Established coins only. If you're not sure what kind of discussion belongs in this thread, here are some example posts. News, TA, and sentiment analysis are great, too. Other ways to interact: Get an invite to live chat on our Slack group and check out the #altcoins channel Daily Discussion for bitcoin only: Daily Discussion Prior Altcoin Discussion: Altcoin Discussion
/r/BitcoinMarkets

Crypto Update: 5 Altcoins to Watch This Week

Just as it appeared that the crypto market was finally finding its footing, Bitcoin (BTC/USD) suddenly crashed hard last week. The bearish price action made a lot of investors jittery. Consequently, many participants either took profits or cut their losses on their altcoins positions. This drove numerous altcoins back to their support areas. Last week’s […] The post Crypto Update: 5 Altcoins to Watch This Week appeared first on Hacked: Hacking Finance.
Hacked
More news sources

Trending

Hot news

Hot world news

Ripple’s RippleNet XRP Showcases Real-World Effectiveness: Mercury FX

After partnering up with the firm behind the second largest coin XRP [XRP] Ripple as one of the +200 costumers, Mercury FX announced via their official twitter handle that they transacted their largest payment across RippleNet with a positive conclusion. 1/1 We've made our largest payments across RippleNet using #XRP – 86,633.00 pesos (£3,521.67) from the U.K. to Mexico in seconds. pic.twitter.com/WsHJuZTiOy — Mercury-fx Ltd (@mercury_fx_ltd) January 17, 2019 Using XRP, the firm transferred £3,521.67 or $4,552.41 while they cited that UK based Mustard Foods was able to save £79.17 and 31 hours on the transaction. Mustard Foods could be one of the best examples of the impact of using RippleNet could have as it opened doors to cheaper expenses, quicker orders and faster payments. As covered by John P. Njui on EWN a few days ago, The Ripple company has announced via its website that 13 new financial institutions have joined RippleNet thus propelling the number of total global customers to over 200. RippleNet currently operates in 40 countries across 6 continents. Out of the 13 aforementioned financial institutions, 5 are confirmed as using XRP to source instant liquidity for their cross border payments. The are JNFX, SendFriend, Transpaygo, FTCS and Euro Exim Bank. By the end of this year [2018], major banks will use xRapid as a liquidity tool. By the end of next year [2019], I would certainly hope that we will see…in the order of magnitude…of dozens. But we also need to continue to grow that ecosystem…grow the liquidity. – Brad Garlinghouse The success behind the team from Ripple could be standing by their marketing strategy and future plans of making the financial industry a better place to be. While not displacing traditional banking systems but helping them make payments cheaper and faster, it is finding its way to take spotlight in the crypto-verse. The post Ripple’s RippleNet XRP Showcases Real-World Effectiveness: Mercury FX appeared first on Ethereum World News.
Ethereum World News

BRD Wallet Expands Crypto User Access Across Europe With Coinify Partnership

Coinify, a European-based financial platform that provides a wallet, trading and payment processing solution, has announced that they are integrating BRD Wallet into their platform to deliver BRD wallet access to users across the European region.Specifically, the partnership provides access to virtual currencies, like bitcoin, to 34 countries across the Single Euro Payments Area (SEPA). The SEPA region is a collection of member states in Europe who are part of a payment system that simplifies bank transfers denominated in EUR. The launch is also enabled largely in part by Coinify’s newly rebranded trading solution for wallet partners.Customers will now be able to use BRD Wallet to “purchase bitcoin at cost-efficient rates with SEPA bank transfers” within Coinify’s trading platform. With BRD integration, customers will also retain control over their private keys while using Coinify.Essentially, this provides a large number of users with an efficient and secure way to buy bitcoin and other cryptocurrencies, and then allows them to immediately store it in a manner where they control what happens to their money. Typically, a user will entrust the custody of their private keys to a centralized exchange while they are waiting for trades to be executed and sometimes for much longer than that.Aaron Lasher, co-founder and chief strategy officer at BRD, highlighted the advantages of the integration for security-focused users of the Coinify platform.“We like exchanges and think security will get better in the future, but by using our integrated purchase and trading solutions, you get to keep your funds under your control 99 percent of the time, and only put them at a slightly higher risk for a short period when you make the exchange,” Lasher told Bitcoin Magazine.“Using a non-custodial wallet means that you and you alone control your funds. It’s similar to having physical cash in a (highly secure) safe at home. Only in this case, we provide our customers a digital safe (the BRD wallet) that they can keep in their pocket and carry along. Nobody else in the world has access to your funds but you, and nobody can stop you from sending or receiving funds.”Integrating a wallet that allows users to own their funds and seamlessly make trades on a platform like Coinify could help to push bitcoin adoption forward."The financial industry is ripe for disruption and we see bitcoin and the other virtual currencies as the future of payments,” said Rikke Stær, chief commercial officer at Coinify, told Bitcoin Magazine. “At Coinify, we have experienced first-hand the rising adoption of bitcoin and working with BRD as a user-friendly, decentralized wallet will only encourage the global reach of the currency."“Since launching as the first iOS bitcoin wallet in the App Store over 4 years ago, we’ve grown tremendously in North America,“ Adam Traidman, CEO and co-founder of BRD, said in a statement. “Europe will be strategic in the next phase of BRD’s global growth, and the partnership with Coinify will ensure our success in this crucial endeavour.”In August 2018, Canadian-based Coinberry exchange launched a similar BRD integration, allowing users to quickly and seamlessly buy, deposit and withdraw bitcoin on the Coinberry platform, while keeping control of their keys at all times. This article originally appeared on Bitcoin Magazine.
Bitcoin Magazine

Crypto Payments Service BitPay Reports It Saw Over $1 Billion in Transactions in 2018

Crypto Payments Service BitPay Reports It Saw Over $1 Billion in Transactions in 2018 Major cryptocurrency payment service provider BitPay has reported $1 billion in transactions this past year, according to a press release Jan. 16. According to the report, the company also set a new record for itself in terms of transaction fee revenue. […] Cet article Crypto Payments Service BitPay Reports It Saw Over $1 Billion in Transactions in 2018 est apparu en premier sur Bitcoin Central.
Bitcoin Central
By continuing to browse, you agree to the use of cookies. Read Privacy Policy to know more or withdraw your consent.