Litecoin resumes its uptrend, shooting up 3.19% in trading value

How the Fab Five Fared

In aggregate since yesterday, the “fab five” — , Bitcoin, Bitcoin Cash, Ethereum, and Ripple — were up 0.93%. Leading the way was , which yielded holders a return of 3.19% from the day prior. On the flip side, the worst performer was Bitcoin Cash coming in at -0.37%. In total, four coins were up from the day prior, which is a bullish sign for the sector.

Price Patterns to Monitor

Yesterday was a fairly normal day for all of these cryptocurrencies, in the sense that they fluctuated within the normal daily range we have come to suspect them to move within. Traders may also wish to bear in mind the following events going on regarding current price patterns:

  • If you are looking for coins in a clear uptrend, consider Litecoin. It has been in a clear uptrend the 14 days.
  • If you’re looking for coins void of a clear directional trend, look no further than Bitcoin, Bitcoin Cash, and Bitcoin Cash. Those coins haven’t had a clear price trend over the past 14 days.
  • XRP has clearly been heading downwards. Perhaps one for bulls to avoid until the downtrend ends.

 

Insights From Transaction Data

Ethereum recorded 873,031 transactions on blockchain over the past 24 hours; that’s the best of the bunch, and about 7% over Ripple, which had the second most transactions recorded on chain. Ethereum has a transaction fee greater than the transaction fee of Ripple, which may indicate that consumers are opting for Ethereum in spite of higher fees. The largest transaction in the cryptocurrency space yesterday, coming in at a value of $107,241,576 occurred on Bitcoin’s chain. Bitcoin continues to dominate the crypto market, with the total circulating value of currency equal to approximately $154.23 billion US dollars. That’s about 56.32% of the value of all circulating cryptocurrencies — a notable rise from the previous days.

Article by SixJupiter


Source: cryptoassethome
Litecoin resumes its uptrend, shooting up 3.19% in trading value

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Microsoft Bing at its finest..

Microsoft Bing at its finest.. submitted by /u/prat33k__
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Its over guys, Craig Wrigth signed the genesis block.

Its over guys, Craig Wrigth signed the genesis block.

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Coinbase Spreads its Crypto Card Across Six More European Countries

 

Coinbase crypto debit card

While the United States is taking time to hop on the train of contactless cards, the cryptocurrency exchange is focusing on spreading its wings far and wide, across several European countries. initially rolled out its crypto Visa card in April in the United Kingdom, and yesterday it announced the addition of 6 other European countries to the list.

The crypto exchange which currently boasts a value of $8 billion is headquartered in California but has found home in a number of cities across several countries.

As of the time of compiling this article, Coinbase’s crypto Visa debit card is acceptable at partnered stores and outlets in Italy, France, Netherlands, Spain, Ireland, and Germany. With the Coinbase crypto card, consumers can now buy groceries with different crypto coins without having to use multiple cards or transfers. You could buy milk with Bitcoin and pay for bread with . It is that simple and fun!

The aim of the card, according to Coinbase, is to make payment with crypto entirely seamless. And from the look of things, I would say they got it right this time. The crypto card is integrated with the app to allow any user with a Coinbase account to withdraw seamlessly from ATMs and pay for goods and services too. Besides local merchants, users can also use the card to pay for goods and services online.

This will be of great help to users who are struggling with crypto payments. In addition to that, users do not have to worry whether an outlet accepts crypto coins or not as they can use the crypto card to change crypto to the respective fiat currency. You could literally do all your shopping online and at local stores with the card.

The Crypto Card Allows Switching Between Different Cryptocurrencies

With the app, you also enjoy the option of switching between digital coins. All you’ve got to do is to select the cryptocurrency attached at the time of the payment. The app is designed to synchronize directly with all your Coinbase accounts. Therefore, you do not need to get multiple cards; one card can do it all. One card for Litecoin, Bitcoin, Ethereum, and lots more. Say you are low on cash on your Bitcoin account, you can simply choose to pay with your Litecoin funds without sweating it. Simple. Fast. Secure.

According to the CEO of Coinbase UK, Zeeshan Feroz, the Coinbase Card received a warm welcome. Although no actual figure was given, he stated that the company blew the number of crypto cards offered for free at its launch in April – which was 1,000.


Source: cryptoassethome
Coinbase Spreads its Crypto Card Across Six More European Countries

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Its a bubble and past performance does not predict future returns

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Binance to Expand Its Operations to the U.S. With FinCEN Approval

Coinspeaker
Binance to Expand Its Operations to the U.S. With FinCEN Approval

World’s largest Cryptocurrency exchange (by trading volumes) Binance has decided to operations to one of the largest cryptocurrency market, the United States. To launch crypto trading services in the U.S., has partnered with BAM Trading Services Inc.

As part of the agreement, Binance U.S. will provide “cutting-edge matching engine and wallet technologies” to BAM. The announcement by Binance comes soon after it received the approval from the Financial Crimes Enforcement Network (FinCEN) earlier this week on June 11. Speaking on the launch of Binance U.S., company CEO and founder Changpeng Zhao said:

“We are excited to finally launch Binance.US and bring the security, speed, and liquidity of Binance.com to North America. Binance.US will be led by our local partner BAM and will serve the U.S. market in full regulatory compliance.”

About BAM Trading Services

Although not much info is currently available about the business model of BAM Trading services. It is currently registered as a money service business with FinCEN with its listed address in San Francisco, California. CoinDesk reports that the registration document, however, notes that “FinCEN does not verify information submitted by the MSB,” as the document “reflects only what was provided directly” to the regulatory body.

On the other hand, BAM Trading Services has assured Binance that it will be supporting the crypto exchange in driving enough liquidity to the trading platform. A representative from BAM said:

“It is an honor to partner with Binance to launch the U.S. extension of Binance, leveraging its tier-one security and technology in tandem. We are committed to providing a secure and compliant platform, and beginning the start of a fruitful alliance with Binance.”

Binance notes that with the launch of its new dedicated crypto trading platform for the U.S, all the existing U.S. customer’s of Binance will have to shift their accounts to Binance U.S. Binance has given its U.S. customers a 90-day window for this shift after which, they can still access their wallets and funds but can’t deposit or trade.

Binance’s Push for Stablecoins

The Malta-based cryptocurrency exchange is currently working its way out on new projects in the crypto space. According to a Bloomberg report from last week dated June 5, Binance is working on issuing new stablecoins within the next few months.

Binance Chief Financial Officer, Wei Zhou told Bloomberg that the company’s goal is to make the stablecoins available for more global currencies. The company’s first stablecoin dubbed “Binance GBP” will be pegged to the British Pound. The company stated that it will be making of money through the fiat deposits just like its stablecoin competitor Tether does.

Although Binance plans to release different stablecoins, it is most likely to have the exception for a USD-pegged stablecoin.

With all the developmental projects, Binance’s native cryptocurrency Binance Coin (BNB) has been soaring high in the last few weeks. BNB is the seventh most-valued cryptocurrency with a market cap of $4.8 billion and currently priced at $34. The latest price surge comes after the validators of the Binance Chain proposed lowering the fee structure.

Binance to Expand Its Operations to the U.S. With FinCEN Approval


Source: coinspeaker
Binance to Expand Its Operations to the U.S. With FinCEN Approval

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Circle Is Closing Its Mobile App, Circle Pay, This September

Pay, an early flagship product for , is being shut down as the company focuses on USDC stablecoin.
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