We’re up a legacy system that treats its customers like criminals

We're up a legacy system that treats its customers like criminals submitted by /u/mikenewhouse
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Source: dashpay
We’re up a legacy system that treats its customers like criminals

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Brace Up for More Altcoin Drops as Bullish Season Might Still be Quite Far Away

The Bear Market Isn't Over Yet - Here’s Why!

Recently, a few analysts expressed a pretty bearish opinion for . The 2018 bear market came to a halt early in April 2019 and began a fantastic mouth-watering rally for many weeks after that.

However, Bitcoin has since struggled to cross the $12,000 resistance level and these analysts believe that further drops should be expected. It would seem that a similar fate has now been forecasted for altcoins as well.

Altcoins Will Fall

Altcoins performed quite well at the beginning of the year with some even outstripping Bitcoin. Crypto research company Messari Inc., reported that in the first quarter of 2019, at least 21 altcoins recorded a 100% increase in price and some of the named altcoins include Binance Coin (BNB), Ontology (ONT), Enjin Coin (ENJ), Tezos (XTZ) and Basic Attention Token (BAT) with Litecoin falling short of a 100% at 99.69%.

However, traders who didn’t sell of their altcoins at that time are most likely biting their nails in regret as some of these coins have dropped so low that they’ worth only 10% of their previous value. Normally, the current market rates should fit into the normal practice of accumulating assets when prices are at their lowest, but there’s not a lot of hope among investors.

Firstly, the current Bitcoin activity and sentiment seem to have taken attention away from the altcoins. There also are a lot of murky waters stakeholders are trying to traverse with regard to many assets. These have really dampened whatever faith traders are normally supposed to cling to.

The Near Future of Altcoins

Altcoins have dropped both in dollar value and Bitcoin ratio as well. Litecoin, for example, has also disappointed a lot of traders who expected that it will do better than its currently doing, because of its recent halving.

Twitter crypto analyst Ceteris Paribus (@ceterispar1bus) recently posted a Messari report. The tweet basically showed that if altcoins keep a steady BTC ratio, they would not be able to keep with Bitcoin, even if Bitcoin hits $100,000. Specifically, the tweet says that if this happens, altcoins “will still be below their all-time high reached during the last cycle.”

Analysts now believe that traders should prepare for a further crash in the altcoin market as the altseason might still be quite far away.

The post Brace Up for More Altcoin Drops as Bullish Season Might Still be Quite Far Away appeared first on ZyCrypto.


Source: zycrypto
Brace Up for More Altcoin Drops as Bullish Season Might Still be Quite Far Away

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Shinhan to Team-up With Kakao’s GroundX and Hexlant to Enhance Blockchain Security System

has gained a much-deserved reputation as one of the oldest and largest banking companies in operation within South Korea, has announced a brand new partnership with two emerging Fintech companies. The objective? to collaborate and build a brand new security solution with the use of blockchain technology. For this plan to come into effect, […]
Source: bitcoinexchangeguide
Shinhan to Team-up With Kakao’s GroundX and Hexlant to Enhance Blockchain Security System

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Bitcoin Still up on the Week After Failing to Hold $11,000

fails to hold $11,000, leaving the coin over 6% on the wee


Source: cointelegraph
Bitcoin Still up on the Week After Failing to Hold ,000

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Overstock racks up losses, insists blockchain business is OK.

Overstock racks up losses, insists blockchain business is OK.

This article was originally posted on 24/7 Crypto News. US online retailer has released its Q2 2019 financial results, showing a 23% decrease in […]
Source: cryptonewsmonitor
Overstock racks up losses, insists blockchain business is OK.

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Bitcoin Gearing Up For A Price Move; Will It Hit $13k Or $8k Is The Question

went above $11,000 on August 4th and since then it has been trading above this level. Though the flagship cryptocurrency breaks above $12,000 a few times, during the same period, it couldn’t stay above this level for long. Currently, BTC/USD is trading at $11,300, after a sudden loss of 3.92 percent in a few […]
Source: bitcoinexchangeguide
Bitcoin Gearing Up For A Price Move; Will It Hit k Or k Is The Question

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Just a heads up for US Binance users. There is a 2btc /24hr limit if you still need to transfer out before Sept. deadline.

submitted by /u/90265sbsbsbwtf
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Source: BTC
Just a heads up for US Binance users. There is a 2btc /24hr limit if you still need to transfer out before Sept. deadline.

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Ripple Ramps Up Investment Plans But XRP Continues to Tank

San Francisco based fintech firm is reportedly working on a number of potential investments and acquisitions following its acquisition of MoneyGram. Meanwhile its native token, XRP, continues to slide in an altcoin avalanche that is starting to gather pace.

Ripple Eyeing New Investments

According to a report by Yahoo Finance, Ripple boss Brad Garlinghouse has said that the company is working towards multiple acquisitions. He said that the firm was confident in the wake of its $30 million investment in money transfer business MoneyGram;

“We’ in a very strong position, our business is growing strongly, we have a strong balance sheet, and I intend to press our advantage. Anything we can do to accelerate our growth and give us capabilities that serve customer needs is a good place to be.”

No further details were offered by Garlinghouse who added that deals are always very hard to predict. The MoneyGram deal was a big one for the blockchain firm as, in addition to the 10 percent stake, there is an option to invest a further $20 million at the same price over the next two years. Garlinghouse elaborated on the deal adding;

“Moneygram is in a position where it has tremendous assets globally and the public market has not been particularly kind to Moneygram. The stock had gone way down and they had some pressure. We felt like we were in a position where we could help them, and they were in a position where they could help us.”

The money transfer firm has agreed to use Ripple’s xRapid as part of the partnership. The platform uses XRP in order to help companies manage liquidity when making international payments. MoneyGram announced that it had already begun using xRapid with the USD to Mexican Peso and the USD to Philippine Peso pairs.

XRP Continues to Tank

Unfortunately for XRP bag holders, none of this has had an impact on the token price which has fallen through a key psychological level today. In a market wide altcoin purge, XRP has taken a hit of 3.5 percent on the day to current prices of $0.297 according to Tradingview.

ripple xrp

XRP prices 1 hour chart – Tradingview.com

Since its Monday high, XRP has dumped over 10 percent below the key $0.30 support level. From its June high of almost $0.50 the token has plunged almost 40 percent, and XRP is down over 90 percent from its all-time high.

No matter what the parent company does, holders are still dumping XRP as altcoins continue to get crushed. Big news appears to have little effect on altcoin prices at the moment so any recovery is only likely to materialize when they all start to pick again, whenever that may be.

Image from Shutterstock

The post Ripple Ramps Up Investment Plans But XRP Continues to Tank appeared first on NewsBTC.


Source: newsbtc
Ripple Ramps Up Investment Plans But XRP Continues to Tank

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Civic Teams Up with Onfido, BitGo to Integrate AI into Civic Wallet

with Onfido to add an AI-powered feature to the Civic wallet that is due to launch soon
Source: cryptocomes
Civic Teams Up with Onfido, BitGo to Integrate AI into Civic Wallet

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Bitcoin Up 8%, While Big-Tech Stocks Lose $162 Billion – Blockspectator

Bitcoin Up 8%, While Big-Tech Stocks Lose $162 Billion - Blockspectator submitted by /u/miahs123
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Source: CryptoCurrency
Bitcoin Up 8%, While Big-Tech Stocks Lose 2 Billion – Blockspectator

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