Another Airline Plans On Offering Bitcoin As Payment Method

Another Airline Plans On Offering Bitcoin As Payment Method

                                

Despite ups and downs, Bitcoin (BTC) is sticking to the $10k mark,

showing a remarkable recovery from previous lows. In an attempt to attract new customers into their businesses, many companies are branching out and looking for a way to enable cryptocurrency payments for customers to purchase goods and services. The latest one to announce a plan to enable BTC payments was Norwegian Airlines, Norway’s low-cost airline. 

According to a local newspaper, the co-founders of the airline are looking to open their own cryptocurrency exchange in August. The Kjoses family, who allegedly have already purchased large amounts of Bitcoin (BTC), will also integrate cryptocurrencies as a payment method for the Norwegian Airline. The details about the NBX exchange remain unknown but the launching date is close. The Kjos family is worth approximately $400 million USD. According to some publications, the family has already invested around $400,000 USD in Bitcoin (BTC). The exchange will be led by Stig A. Kjos-Mathisen, who currently sits on the board of NBK Holdings, Norwegian’s biggest shareholder.

According to Kjos-Mathisen:

First, the marketplace will be launched. Then NBX will make a payment solution for the airline so that airline customers can pay with virtual currency.

The Norwegian airlines join other airlines like Latvia’s AirBaltic, which currently accepts cryptocurrency payment. Cryptocurrency adoption is one of the most difficult things that the community has yet to overcome, with many claiming cryptocurrencies cannot be used as easily as other payment methods. The more companies begin embracing cryptos as a valid payment method, the easier it will be to integrate those into today’s economy, therefor overcoming the obstacle of adoption. 

Article Produced By
CryptoCoin.News

CryptoCoin.News is the central news source for information on cryptocurrencies. We cover crypto news and analysis on the trends, price movements, ICO reviews, companies and people in the Blockchain world.

https://cryptocoin.news/news/another-airline-plans-on-offering-bitcoin-as-payment-method-28331/

Thomas ClaimCo.in

5 key reasons why your business should accept bitcoin

5 key reasons why your business should accept bitcoin.

                                 

Bitcoin hit the market with a bang.

The idea of a decentralized currency opened up opportunities for people and countries to freely trade in the market. Revenue rose to unimaginable levels thus begging the question, is it worth a long-term investment? Many businesses use standard, traditional modes of payment. But a new wave comes to light, where the Bitcoin can be used to grow your business. Read further and learn about five reasons why your business should accept Bitcoin.

Why Accept Bitcoin?

Cryptocurrencies like Bitcoin introduced a simpler and easier way of money transfer. The simple implementation and setup process allows Bitcoin to be stronger and bigger than any other merchant payment system. The currency can do wonders for your business, not only in marketing but also in every aspect of your business. Find out more about its benefits.

1. Customer Diversity

Modern forms of payment such as PayPal, credit card, debit cards, Google pay, and others have opened up businesses for many. The possibility of a safe and secure payment module from your business attracts clients and customers. Especially for e-commerce companies, accepting Bitcoin could be the best decision ever. Not only because it increases the forms of payment, but also because it brings diversity to the business. Learn more about how Bitcoin can change your e-commerce site Regardless of the state, country, region, or continent, the Bitcoin allows for easy and fast transaction. Adding that option to your business is an excellent solution to higher human traffic.

2. Low Inflation Risk

Using Bitcoin is a risk because of the possibility of black market money. Even so, it’s still a viable option for your business because it poses zero risks on inflation. This means, by no chance will the money come in excess. The investment will be worthwhile for either buyers or sellers. Less risk is a huge enough factor to consider why your business should accept Bitcoin. During a time of crisis or war, such a volatile currency is what you need.

3. Cheaper Transaction Costs

Did you know running credit card expenses is approximately 3%? While for the Bitcoin is only 1% with a chance of being lower, depending on your volume of transactions. In every business, the sole purpose is to make a profit. As so, if there’s any way you can avoid losing any more of your profit, then it’s a suitable choice for your business. There are many benefits of accepting Bitcoin, which mostly translates to cheaper payments for you. Retaining Bitcoin allows for lower fees and less general expenses you may not have with credit card merchant payments.

4. Fast and Easy Payments

The standard modes of payment like the debit and credit card can take about three to five days to reflect on a purchase made on goods and services. This can cause delays in your speed of sales meaning less revenue earned. The advantage of accepting Bitcoin for your business is that the cryptocurrency isn’t regulated by banks. Hence, payments are instant. Things are done within minutes with nothing to worry about.

5. International Acceptance

Your brand can earn global acceptance just by understanding what is Bitcoin. This is because this currency builds and shapes brands, making them relatable to people all over the world. Similar to what Adobe Spark’s Logo creator does to design a unique logo for your business and make it unique to your target audience. Using Bitcoin for your business can do the same for you.

Build Your Business with Bitcoin

A change from traditional modules of payment can be a hard step to take. The uncertainty you face, if you’ll be benefiting your customers or just yourself, can render you resistant to change. But Bitcoin is different. This new revolution allows your business to grow globally, connect with people all over, and operate using low costs. It’s time to make the change for better business.

Article Produced By
Dean Scott Walsh

https://cryptorials.io/5-key-reasons-why-your-business-should-accept-bitcoin/

Thomas ClaimCo.in

The Biggest Obstacles for Bitcoin’s Full Legalization

The Biggest Obstacles for Bitcoin’s Full Legalization

                             

Its 2019 and we’re 10 years since Bitcoin was created.

The world was changed a bit by the technology behind it, a lot of people got rich by buying some in the early years and selling in 2017; But one of the main questions is – when will Bitcoin become legal worldwide? According to Wikipedia, Bitcoin is legal in most of North America, South America and Europe. The European Union offered a way of legalization for Bitcoin, claiming its a “convertible decentralized virtual currency”. The G7 also recognized it as an “Internet-based payment services”. But countries like China doesn’t want to recognize Bitcoin as a way of payment, commodity or a virtual currency. So, what are the main reasons?

Money laundering & illegal transaction

This is among the biggest fears of any government. That people may use Bitcoin or crypto to do money laundering or other illegal transaction. But the fact is, that even without Bitcoin or crypto, people were doing this anyway. If someone wants to do it, it will do it. It doesn’t matter if they’ll do it with Bitcoin or USD. Crypto is here for almost 10 years but still most of the illegal transactions are done with USD. So this reason is not so valid as you may think. Using Bitcoin, the person would have the transaction on the blockchain forever and someone could even track that transaction. Therefore, I think USD has lower risks here as you can exchange it almost anywhere.

People will keep their cash in crypto

Banks depends on their clients. This is probably something you don’t believe in – but its actually true. If all the clients would leave a bank, they will go bankrupt in a few days or weeks – at best. So, they offer bonuses, better mobile apps, low transaction fees and many others to lure their clients there. But what if someone would use crypto and keep the funds safe on a hardware wallet or a paper wallet? What would you need to bank for then? Nothing. You want to transfer some money to a friend? It takes less than an hour or even less than a minute – even if he’s on the other side of the globe. Crypto eliminates the need for banks and educate the people on how they can keep their money safe in a personal wallet. And yes, you can even use those funds daily as you wish. For example, more and more casinos started accepting bitcoin deposits.

Its not controlled by anyone

This may be great for us, common people, but it scared the government. If someone uses your credit card to buy something – you can issue a claim that you didn’t make that transaction and probably you can get your money back. You can’t do the same with crypto as the transactions are irreversible. This is a plus but it’s also a downside, as if you sent the cash to the wrong address, those funds are mostly lost forever. Therefore, you need to be careful on how you send the money and also careful on how you protect them. With a bank, you don’t have this stress – unless the bank goes bankrupt – then there’s a possibility to lose everything.

Conclusion

Banks and Bitcoin can work together, in my opinion. But Bitcoin won’t probably be fully legal everywhere too soon. Governments wants to control their people and the little freedom that Bitcoin is offering could harm their plans. The fact is, this is completely normal. Bitcoin is a cryptocurrency that grow from $0 to over $10,000 based on the people’s desire to have a bit of financial freedom. They could probably ban it – and people would still use it. Because bitcoin was created for the people that are obsessed with privacy and financial freedom. They will keep using it. The other people will just keep their money in banks.

Article Produced By
Zerocrypted

https://zerocrypted.com/the-biggest-obstacles-for-bitcoins-full-legalization/

Thomas ClaimCo.in

Cryptocurrencies Are Booming in Smaller Countries

Cryptocurrencies Are Booming in Smaller Countries

Cryptocurrencies are earning their due, and we can thank most of the world’s smaller nations for this.

 

 Cryptocurrencies Are Growing in Stature

Many developed countries, such as the United States, see cryptocurrencies primarily as speculative tools; something to invest in for the sake of becoming rich five, ten or 20 years down the line. Other countries, however, see cryptocurrencies for what they really are – forms of payment. It’s always been the goals of most major cryptocurrencies to be utilized for purchasing goods and services. However, their volatility and consistent price swings have made this very difficult. Many companies do not wish to allow cryptocurrencies as means of payment due to the potential of losing money in the future. Think about this: you use $50 worth of bitcoin to make a purchase, but then the next day, the price goes down and that $50 turns into $30. You still walk off with all your merchandise, but the company has lost $20 in the process. Fair? Hardly, but it seems to be how crypto operates.

For this reason, many countries have sought to either reject or ban the notion of crypto being used to pay for everyday needs, but in some areas, crypto is the only hope for citizens. In third-world or developing nations, for example, where corruption runs rampant within the financial systems or where most people don’t have access to solid credit options like they would with standard institutions, crypto can solve a lot of problems. It moves quickly, for one thing. People can deposit or send money faster than it takes to send or receive fiat.

Prospects like these are beginning to garner notice in regions like Belarus of eastern Europe. Belarusian President Alexander Lukashenko met with cryptocurrency entrepreneur Viktor Prokopenya roughly two years ago to discuss regulating cryptocurrency activity within the nation’s borders. Belarus has since become one of the first nations on the planet to fully legalize and regulate cryptocurrency trades. Citizens are now able to sell, trade and receive cryptocurrencies through a digital exchange managed by Prokopenya. In a recent interview, the entrepreneur

stated:

 The idea was to create everything from scratch. To make sure that it is free in some of the aspects it needs to be free, and very stringent in other aspects.

Since then, other regions – such as Malta and Bahrain – have studied Belarus’ ways of monitoring crypto and implemented similar systems. The idea among these nations (and others) is to create their own specific rulebooks and avoid general legislation that other countries have tried so hard (and failed) to implement.

 Be Lenient and Tough at the Same Time

Jesse Overall, a crypto lawyer at Clifford Chance in New York,

states:

 There are jurisdictions in the see-no-evil, hear-no-evil camp. On the other end, there is the U.S., U.K. and the EU. In the middle, that’s the juicy part of the spectrum.

Article Produced By
Nick Marinoff

https://www.livebitcoinnews.com/cryptocurrencies-are-booming-in-smaller-countries/

Thomas ClaimCo.in

Libra Accused of Stealing Structural Design from Another Coin

Libra Accused of Stealing Structural Design from Another Coin

                              

A Fellow at MIT claims that Facebook’s Libra currency is based on his ideas.

 Did Libra Take Its Structure from Another Coin?

The Royal Society’s Open Science publication released a whitepaper in 2018. It was written by several members of MIT, one of which was Fellow Alex Lipton. In the paper, Lipton describes an “asset-backed, supra-national digital token.” This correlates with the goals and ideals of Libra, which will allegedly be backed by several forms of fiat and “short-term debt.” The cryptocurrency discussed in the whitepaper, known as Trade Coin, is also designed for streamlining cross-border and domestic payments, and providing financial means for underbanked populations. Lipton says these ideas were taken directly from his paper, explaining:

 Without being particularly obnoxious, I can tell you that the actual structure of Libra is pretty much lifted verbatim from the paper which Sandy Pentland and Thomas Hardjono and I published last year… The Libra people cannot really say that they have not read that, or if they have not read that, they probably shouldn’t be doing what they are doing in the first place.

Libra has been hit with mountains of controversy since it first arrived. Members of the American Congress, for example, have commented that there are too many unanswered questions as of late regarding the project’s main goals, and that Facebook is not to be trusted with people’s financial information following the Cambridge Analytica scandal. They have ultimately asked David Marcus – the head of Facebook’s blockchain division – and his team to hold off on developing Libra further until they can be assured that the cryptocurrency is safe. Marcus has said he will comply with the request.

This is also not the first time Libra has been accused of ripping off another person’s work. The cryptocurrency project is alleged to have taken its logo from Current, a banking firm in northern California that says the company ultimately stole its logo by using the same San Francisco-based design firm. Current’s logo involves a blue, purple and pink-tinted circle surrounding three wavy, purple lines. Libra has virtually the same logo with different coloring.

This Is Becoming a Pattern…

And, of course, there’s the original case involving Facebook itself, which was purportedly conceived originally by the Winklevoss Twins, the founders of New York’s Gemini Exchange. Both Cameron and Tyler Winklevoss allege they originally came up with the concept for Facebook back when they were students at Harvard. Fellow classmate Mark Zuckerberg – who later became the head executive for Facebook – was simply hired to perform coding duties for the platform, as detailed in the Oscar-winning film “The Social Network.” However, Zuckerberg ultimately brought the platform to existence through his own vision and efforts, leaving the Winklevoss Twins out of its development. This emerged in a massive lawsuit that the Twins and Zuckerberg settled out of court.

 

Thomas ClaimCo.in

Samsung Blockchain Wallet Integrated in Pundi X Payment App

Samsung Blockchain Wallet Integrated in Pundi X Payment App

An Ethereum based token PundiX is the world’s first blockchain-powered point-of-sale
device which has been deployed across 25 countries in the world.

 Pundi X has integrated Samsung Blockchain Wallet and became the first Fintech app in Samsung’s blockchain ecosystem. The main objective is to provide a new experience in digital asset management. According to PundiX blog post, Samsung Galaxy S10 users can now add the XWallet app to their Samsung Blockchain Wallet. Users can transfer cryptocurrencies stored in the Samsung Blockchain Wallet into the XWallet. Further, they can then use as a checking account for an instant crypto transaction with Pundi X’s global payment ecosystem. Moreover, they can choose to store their digital assets securely in the Samsung Blockchain Wallet, like a savings account.

XPOS now enables users for topping up and making crypto payments using Xwallet. This integration makes Pundi X payment ecosystem available to a much wider audience. Also allows the Samsung Galaxy smartphone users to not only store their ETH securely but also transfer to XWallet and spend it in a variety of shops, opening their doors to the new generation and their preferred cryptocurrencies. At present, the XWallet supports major cryptocurrencies such as BTC, ETH, BNB, KNC, KCS, XEM, QTUM. And also, Pundi X’s own tokens, NPXS and NPXSXEM. Overall, This integration provides a unique opportunity to push blockchain-based digital assets into the mainstream, reaching the millions of Samsung smartphone users around the world.

Article Produced By
Qadir AK
 

Qadir Ak – Co-founder of Coinpedia Blog – His interest as crypto Author, Editor, Speaker at cryptocurrency conference has made him known as passionate blogger and startup in Asia.
 
https://coinpedia.org/news/samsung-blockchain-wallet-integrated-in-pundi-x-payment-app/
 

Thomas ClaimCo.in

Swiss Bank Dukascopy Unveils Reward Programs for DUK Crypto Holders

Swiss Bank Dukascopy Unveils Reward Programs for DUK+ Crypto Holders

                            

Bitcoin Press Release: Swiss-based foreign exchange bank,

Dukascopy Bank launches a reward program as an incentive to both new and existing Mobile Current Account users on its messenger app.

25 July 2019, Geneva, Switzerland – Dukascopy Bank SA, an online Swiss FOREX banking service provider which created the cryptocurrency Dukascoin (DUK+), a first of its kind to be offered by a strictly regulated Swiss Bank under the supervision of the Swiss financial markets regulator FINMA. Dukascopy announced the launch of its reward program, which aims to provide its mobile current account (MCA) users around the globe with an opportunity to earn rewards through referral activities and deposits in its native cryptocurrency.

Reward Program Details

New mobile current account users receive 5 Dukacoins when they sign up on the mobile app, and the signup process is free of charge. Other reward opportunities currently offered by the bank to its MCA clients include:

  • Referral program for existing clients: Apart from the 5 Dukacoins being offered upon MCA account creation, both new and existing users can get more DUK+ coins by referring others to the platform. For each new user signing up under an existing user, the former receives 5 extra DUK+ coins. Moreover, if an existing user holds the airdropped 5 DUK+ coins from the referral activity over a 30-day period, they are rewarded with extra DUK+ coins. (T&C applies)
  • EUR Reward Paid for Deposits in Dukascoins: The Bank pays 50 euro cents for each Dukascoin deposited for a 1 year term.The EUR Reward will be paid at the beginning of the deposit’s term and will be blocked until the term’s expiration.  (T&C applies)
    •  For example, If a user buys 5000 DUK at the rate of 1.07EUR, and at the end of the deposit term the price rises to 1.50EUR, they receive both the benefit from the risen price (2150EUR) AND 2500EUR on top from Dukascopy (0.50EUR for every coin deposited)  If the price stays the same, users will still receive 2500EUR from Dukascopy on top of their deposit. Even if the price falls to 0.60EUR, users are still in profit by 150EUR.
  • Coin Reward Paid on Deposits in Dukascoins: The Bank offers a 5% annual coin reward rate for fixed-term deposits paid out in DUK+ coin. The reward is paid at the beginning of the contract and locked for the duration of the contract. During the first year of the Dukascoin’s lifespan the reward rate will depend on the size of the deposit and can reach up to 100% (T&C applies). More so, the deposits can as well be used as margin for clients with trading accounts.
  • Dukascoin Fat Catz Reward Program: The Bank collects commission from all sellers of Dukascoins at the internal marketplace. The collected amount of commission is then distributed among the Fat Catz – clients who’s monthly average balance is equal to or larger than 10 000 Dukascoins. In June, for instance, 1365 EUR was distributed between 4 Fat Catz accounts (T&C applies)

About Dukascoin

Dukascoin is the first cryptocurrency issued by a strictly regulated Swiss bank and developed on the Ethereum blockchain. The platform ensures compliance to the highest regulatory standards of the Swiss banking industry for operations on the cryptocurrency market. 

Following the launch of the cryptocurrency in February, Dukascoin, which is designed as both a payment and speculative utility, opened up a new financial avenue for cryptocurrency enthusiasts to access the bank’s trading services as well as to seize the opportunity to gain extra income just by holding the DUK+ coin under a regulated system impervious to the limitations of legacy cryptocurrency markets.

The current reward program is exclusive to its MCA account holders across the globe. The MCA account is a new service offered by the bank to provide its global retail clientele with fast, cheap, secure, mobile and extremely user-friendly Swiss banking services embedded into its Dukascopy Connect 911 messenger app. The bank has opened well over 109,153 MCA accounts since its launch in 2018

About Dukascopy Bank

Dukascopy Bank is a Swiss innovative online bank based in Geneva, Switzerland, providing Internet-based and mobile trading services (with focus on foreign exchange, bullion, CFD and binaries), banking and other financial services through proprietary technological solutions. Dukascopy Bank is regulated by the Swiss Financial Market Supervisory Authority FINMA both as a bank and a securities dealer. Dukascopy Bank has offices in Dubai, Riga, Kiev, Moscow, Kuala Lumpur, and Hong Kong. Currently, Dukascopy Group employs over 300 staff.

Article Produced By
Bitcoin Press Release

https://bitcoinprbuzz.com/swiss-bank-dukascopy-unveils-reward-programs/

Thomas ClaimCo.in

Bitcoin Rewards: Safeway Partners with Lolli to Give BTC to Customers

Bitcoin Rewards: Safeway Partners with Lolli to Give BTC to Customers

                               

Safeway will soon reward customers with up to 3.5% back in Bitcoin on all their purchases.

The grocery chain has partnered with Bitcoin rewards shopping app Lolli in a bid to make Bitcoin a “part of everyday life.”

Safeway and Bitcoin Rewards

The new partnership, announced earlier today, has come as a surprise. Safeway announced that the new initiative will be available at all of its 894 locations in 17 American states. The system will reward customers with Satoshis, or one hundred millionth of one Bitcoin. In other words, a minute amount of cryptocurrency that will amount to 3.5% of the value of their spend on that given day.Put BTC into the Hands of the MassesLolli CEO Alex Adelman has stated that by teaming up with a major grocery chain, Bitcoin will fall into the hands of those that otherwise may never own it. In this way, the initiative should help the adoption of the world’s largest digital asset by market cap.

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In an interview with Yahoo Finance, Adelman said that teaming up with “one of the most well-recognized food retailers in the United States […] will give people the ability to get involved in holding and owning Bitcoin—perhaps for the first time.” Adelman continues to say that giving Bitcoin rewards is a proactive way of getting Bitcoin into the “hands of the masses.” He also continued by saying that Bitcoin offers shoppers a better store of value than more traditional fiat currency-denominated loyalty cards. He likened the initiative to a savings account that could return lucratively

to long-term holders:

“Points, as you know, are deflationary, and Bitcoin is non-deflationary, so I think it’s a better store of value than an arbitrary points system.”

>> Ripple’s XRP Outperformed in Q2 2019 as the Token Seeks More Transparency

About Lolli

According to its website, Lolli is “the first bitcoin rewards application that lets people earn & own bitcoin when they shop online.” The platform already has over 500 partners. When a customer buys from a partner site, Lolli receives a percentage of the sale. It then splits that percentage with the shopper, returning it as Bitcoin to the shopper’s personal Lolli wallet. The service recently added major booking website Hotels.com to its partners list. Do you think offering Bitcoin rewards will help to “normalize” Bitcoin for people?

Article Produced By
Maria Ohle

Maria Ohle is a content creator spanning multiple subjects. She cites cannabis, business, and culture as her forte’s. Maria holds a degree in Drama and English and has a Diploma in digital multimedia. After two years of writing and working in Vancouver, Canada, she has returned home to Ireland to further her career. She is a dab hand at design as well as art and considers music to be man’s greatest invention.

https://cryptocurrencynews.com/bitcoin-rewards-safeway-lolli-partnership/

Thomas ClaimCo.in

Facebook should forget Libra launch stablecoin on Bitcoin SV

Facebook should forget Libra, launch stablecoin on Bitcoin SV
                                             

I think Facebook is realizing the obvious,
its Libra stablecoin project is never going to properly get off the ground.

Several countries have already come forward to say that they will completely ban the digital currency, while others are pushing for a complete and thorough investigation, coupled with regulatory approval, before allowing the project to see the light of days. The social media giant has stated that it is willing to wait as long as it takes regulators to determine the viability of the project, but there is a much simpler, much more accessible alternative: give up the standalone crypto and launch a fully-backed stablecoin on the Bitcoin SV (BSV) blockchain.

Facebook could also go a different route and just let BSV become its currency. With the lowest fees of any crypto and the proven capability of being able to handle a large number of transactions simultaneously, thanks to the Quasar upgrade, Mark Zuckerberg can stop beating his head against the wall and offer a cryptocurrency that meets his Libra goals — a worldwide payment solution that is available to everyone, even those who have no access to banks.

The U.S. government is trying to prevent large tech companies from entering the financial space. A bill has been drafted by the House of Representatives that is aptly called the “Keep Big Tech Out Of Finance Act” bill. It states, in part, “A large platform utility may not establish, maintain, or operate a digital asset that is intended to be widely used as medium of exchange, unit of account, store of value, or any other similar function, as defined by the Board of Governors of the Federal Reserve System.” This would preclude the participation in a financial system by companies like Google, Facebook and virtually any large tech entity.

The Tokenized Protocol on BSV is a great way for businesses to tokenize assets and offer those assets to customers. This would be a solution that could be easily integrated and easily implemented by Facebook, saving the company from the hassles it currently faces through global regulatory scrutiny. According to Tokenized founder and CEO James Belding, “That simple truth is that organizations must comply with the laws and regulations of the jurisdiction they reside in. Building the technology around a sensible assessment of these solution requirements allows for a token system that is much more expressive, performant, secure and lower cost than competing solutions.”

BSV understands something that other major crypto projects don’t. Bitcoin wasn’t created to be above the law, nor is it meant to allow users to circumvent the law. On the contrary, it was designed to work within regulated financial frameworks while giving consumers easier access to currency solutions. This is what Libra has professed itself to be and, given that BSV is already a regulation-friendly digital currency, it is fitting that Facebook turn to the real Bitcoin in order to fulfill its goals.

Note: Tokens on the Bitcoin Core (SegWit) chain are referenced as SegWitCoin BTC coins. Altcoins, which value privacy, anonymity, and distance from government intervention, are referenced as dark coins. Bitcoin Satoshi Vision (BSV) is today the only Bitcoin project that follows the original Satoshi Nakamoto whitepaper, and that follows the original Satoshi protocol and design. BSV is the only public blockchain that maintains the original vision for Bitcoin and will massively scale to become the world’s new money and enterprise blockchain.

Article Produced By
Erik Gibbs

https://coingeek.com/facebook-should-forget-libra-launch-stablecoin-on-bitcoin-sv/

Thomas ClaimCo.in

Bitcoin Drops 800 In Minutes Followed By The Whole Cryptocurrency Market

Bitcoin Drops $800 In Minutes Followed By The Whole Cryptocurrency Market
                                 

Bitcoin (BTC), the largest cryptocurrency in the market,

fell 3.8% in the last 24 hours to $9,450 according to data provided by CoinMarketCap. The whole cryptocurrency market followed the same trend with EOS being the worst performing crypto among the top 20. 

Bitcoin Falls $800 In Minutes

In the last 12 hours, Bitcoin fell around 8.8% from $10,250 to $9,350 a few minutes ago. The digital currency also reached a market cap of $170 billion. Although there is no specific catalyst for this price action, most of the other coins in the market followed the same trend. Ethereum (ETH), the second-largest digital asset is currently traded around $206 after falling 4.88% in 24 hours, as reported by CoinMarketCap. This digital currency has a market capitalization of $22.12 billion. 

XRP, is currently falling 2.22% with a price of $0.309 and a valuation of $13.26 billion. Both, Ethereum and XRP are in very important price points. In almost a year, XRP has been traded above $0.3 which is a very important support level for this digital asset. $200 is also important for Ethereum, that is falling almost 5%. Ethereum is also reaching the lowest point against Bitcoin since early 2017. 

Litecoin (LTC), and Bitcoin Cash (BCH) the fourth and fifth largest digital currencies are falling 4.77% and 2.28% respectively in the last 24 hours. Litecoin, which is expected to experience a halving event as soon as on August 5, seems not to react to it. This shows that the halving was already priced by the market. Litecoin miners are expected to receive half of the LTC they currently get when they find a block. 

Other virtual currencies such as Binance Coin (BNB), EOS, Bitcoin SV (BSV) and Stellar Lumens (XLM) have also fallen in the last 24 hours. They fell 4.32%, 6.56%, 6.25% and 2.75% respectively, showing that the whole market is operating negatively. Among the top 100 coins, just three are registering positive changes in the last 24 hours Japan Content Token (JCT) growing 10.72%, Basic Attention Token (BAT), with a price increase of 5.63% and V Systems expanding 0.45%. There are many individuals that consider that altcoins will struggle to regain their all-time highs in the future. However, Binance Coin, for example, is the only top 10 digital asset that was able to reach a new all-time high this year. 

Try Out Binance Today

For over two years, UseTheBitcoin has done the research, covered the news, and helped readers find the best blockchain projects. The one thing we keep coming back to is Binance. Binance has set itself apart as the best trading platform for beginners and experienced traders, and gives you hundreds of coins to invest in. Start trading today on Binance!

The Bear Market Report
Our Bear Market guide not only helps you survive this crypto winter, but also guides you through the foundation you'll need to thrive in the next bull run.
 
Article Produced By
Carlos Terenzi

Carlos is an international relations' analyst specializing in cryptocurrencies and blockchain technology. Since 2017, Carlos has written extensively for UseTheBitcoin and other leading cryptocurrency sites; with over 2,000 articles

https://usethebitcoin.com/bitcoin-drops-800-in-minutes-followed-by-the-whole-cryptocurrency-market/

 

Thomas ClaimCo.in