Free Crypto Signals App Bitcoin Binance automated Trading BOT: 2020

Saturday, October 10, 2020

##Buy #ANKR at (Binance.com) around 61 - FREE Crypto Mobile Signals APP & Crypto BOT

FREE Crypto Mobile Signals APP -

https://play.google.com/store/apps/details?id=com.freecryptosignals.app

Crypto signals can simply be described as “signaling clients about which Crypto trade will gain them profit and how much times will it take”. Although it sounds too simplistic, it definitely does what it says, which is making Crypto exchange easier for Crypto traders. If you have no experience in Crypto Trading or experienced Crypto trader, but still not able to gain profit, then Crypto signals will definitely help you with. If you’re new to the Crypto trading then perhaps you’ve thought about using any strategy which will tell you exact instant to commence trade, Crypto signal just does that. The core concept is that by following the strategies of successful Crypto traders you can emulate their success too. Crypto signal services are unique method of Crypto trading where we provide new strategies and methodologies which help you make profit while saving time and energy.

Join now the largest Crypto Trading Group & start making daily profit in your account

#60 Coinbase Employees Leave After CEO Memo

Visit - https://t.me/cryptosignalalert

FREE Crypto Mobile Signals APP -

https://play.google.com/store/apps/details?id=com.freecryptosignals.app

For more latest update on Cryptocurrency, Free Binance future, ByBit,Bittrex signals with 80-90% accuracy & Bitcoin Binance Bybit Auto trading BOT which does trades automatically in your account join above given Telegram group

Coinbase employees are taking a severance package and leaving the exchange, shortly after receiving a memo by CEO Brian Armstrong, who states that Coinbase will be ‘apolitical’.

60 of the 1,200 employees have left, according to Coindesk, which represents 5% of the taskforce

Most of the employees who have left are reportedly from the engineering team

Armstrong published a public statement and sent employees a memo that said that Coinbase would not engage in political activism in an era where politics finds itself embedded in Silicon Valley culture

The CEO said that employees were free to leave if they disagreed with Coinbase’s position, and would be given a “generous” severance package

Armstrong said that he expects more departures, but that he expects the eventual outcome to be a “stronger and more united team”

Sunday, October 4, 2020

##Bitcoin’s Transaction Fees Almost Double Ethereum's After BitMEX Exodus

Visit - https://t.me/cryptosignalalert

FREE Crypto Mobile Signals APP -

https://play.google.com/store/apps/details?id=com.freecryptosignals.app

An exodus of upward of 40,000 Bitcoin from derivatives exchanges BitMEX might have pushed up Bitcoin’s transaction fees. Meanwhile, Ethereum’s have fallen.

In brief

Bitcoin transaction fees are on the rise amid an exodus from derivatives exchange BitMEX.

Meanwhile, Ethereum's fees fell. Ethereum fees are usually higher than Bitcoin fees.

Bitcoin's fees are almost double Ethereum's.

While Bitcoin’s average transaction fees more than doubled in the past week, Ethereum’s are on the decline, according to data from BitInfoCharts. An exodus from a large cryptocurrency exchange accused of money-laundering could be partly responsible.

The average cost of processing a Bitcoin transaction, which must be paid to the miners that process each transaction on the Bitcoin blockchain, is $4. On Sunday, September 27, the same transaction cost an average of $1.5.

The average cost of an Ethereum transaction also rose at the beginning of the week, from $2.3 on Sunday to $3.6 on Tuesday, an increase of 57%. But then fees sharply declined, tumbling back down to $2.3 by Friday, the most recent date for which BitInfoCharts has data.

Transaction fees rise when lots of people move cryptocurrency at once. This is because the demand for minersto process cryptocurrency transactions outstrips the supply, so miners hike up their fees.

This means that Bitcoin’s transaction fees are almost double those of Ethereum. But Ethereum, not Bitcoin, is known for having sky-high transaction fees these days.

That’s largely the consequence of this summer’s DeFi(decentralized finance) boom, during which investors flooded the network with around $10 billion, hoping to reap some of the rewards offered by Ethereum-based DeFi protocols such as Compound, Aave and Uniswap. On September 2, an average Ethereum transaction cost $14; then, the average Bitcoin transaction cost $4.6.

So, why has Bitcoin edged out Ethereum this week? It could have something to do with a cryptocurrency exchange called BitMEX. On Thursday, the United States Commodity Futures Trading Commission filed money-laundering and criminal charges against BitMEX and its founders. This caused an exodus of the Bitcoin held on the exchange.

BitMEX is the fifth largest derivatives exchange, and crypto metrics site Glassnode tweeted yesterday that traders withdrew almost 40,000 Bitcoin from the exchange—a large chunk of the 170,000 Bitcoin ($1.8 billion) held in BitMEX’s wallets, or almost 1% of all Bitcoin in circulation.

Still, the charges were filed on Thursday, and fees have been rising since last Sunday. Bitcoin’s transaction fees haven’t been this much higher than Ethereum’s since the end of August. On August 27, Bitcoin’s average transaction fees were $4.2, compared to Ethereum’s, which were $2.4. (Coincidentally, on this day, Ethereum’s fees were also 57% of Bitcoin’s fees).

##SEC Chairman Open to Crypto-based Exchange-Traded Fund

Visit - https://t.me/cryptosignalalert

FREE Crypto Mobile Signals APP -

https://play.google.com/store/apps/details?id=com.freecryptosignals.app

In brief

SEC Chair Jay Clayton is open to a tokenized ETF.

This would be a tokenized stock that represents an index.

But recent clampdowns on crypto companies suggests that current offerings don't cut it.

Though the US Securities and Exchange Commission has struggled to keep up with the pace of innovation in the decentralized finance space, its chairman, Jay Clayton, is open to its potential.

In a webinar with the Chamber of Digital Commerce yesterday, Clayton said, “It may very well be the case that [...stocks] all become tokenized.” Tokenized stocks form one of a slew of financial products that fall under the DeFi umbrella; others include non-custodial loans and decentralized stablecoins.

Clayton’s even open to a tokenized exchange-traded fund, or ETF—essentially, a stock whose price tracks an index. “We're willing to try that; our door is wide open. If you want to show how to tokenize the ETF product in a way that adds efficiency, we want to meet with you, we want to facilitate that,” he said.

Recent SEC actions suggest that this day has not yet come.

In July, the SEC, along with another US regulator, the Commodity Futures Trading Commission, took Abra, a company offering tokenized stocks to the cleaners. The SEC alleged that its tokenized stocks constituted “security-based swaps subject to US securities laws.” The California-based startup had to pay a $300,000 fine and stop offering such products.

And the SEC has rejected several attempts for Bitcoin ETFs—regular (non-tokenized) ETFs that track the price of Bitcoin—on the grounds that Bitcoin's price is prone to manipulation.

Without referencing Abra or the proposals for Bitcoin ETFs, Clayton said, ”we got off on the wrong foot in this innovation. There was the theory that because it was so efficient, because it could have had so much promise, we could toss aside some of those principles of responsibility and transparency.”

The SEC Chairman added, “you have to stay true to the principles, which is people who are distributing stock. People who are insiders of the companies for which the stock has been issued—they have responsibilities.”

His main advice: Don’t try and pull the wool over his eyes. The SEC has chased after many cryptocurrency companies that ran ICOs, claiming that they were exempt from securities regulations because they were setting up payment systems, not offering speculative investments.

“What we don't like is when someone says, ‘you know, the function is payments,’” he said. “Don't pretend that it's a payment system when it's actually a financing vehicle.”

#Bitcoin Price Stable Despite BitMEX Arrests and Trump's COVID Diagnosis

Visit - https://t.me/cryptosignalalert

FREE Crypto Mobile Signals APP -

https://play.google.com/store/apps/details?id=com.freecryptosignals.app

As the rest of the market fluctuates, Bitcoin's price holds steady.

In brief

The Bitcoin price remains steady at $10,542 despite money-laundering charges against BitMEX Trump’s COVID-19 diagnosis.

After Thursday and Friday price drops, it remains one of the least volatile major cryptocurrencies.

Currently, major cryptocurrency market action happens in DeFi protocols, into which investors have poured more than $10 billion into over the past 4 months.

Despite the charges of money-laundering against derivatives giant BitMEX and Trump’s positive COVID test, Bitcoin’s price held steady over the past 24 hours. Meanwhile, decentralized finance coins are on the rise as the summer’s DeFi boom continues.

The current price of Bitcoin is $10,542, according to data from Coinmarketcap. It started the week at about $10,900 but fell by $400 on Thursday. Then it recovered slightly, before falling by a further $200 on Friday after the CFTC charged BitMEX with money-laundering and Trump caught COVID-19.

As the largest cryptocurrency by market cap—at least five times the size of the second-largest, Ethereum—Bitcoin’s price is a strong indicator for the health of the cryptocurrency market.

In the past day, Bitcoin’s daily price increase of 0.9% appears insignificant when compared to several of the top 10 cryptocurrencies by market cap. Ethereum increased by 2.6% in the past 24 hours, Binance Coin by 5.3%, Polkadot by 3.5% and Chainlink by 3.1%.

Zoom out to the past week, however, and Bitcoin comes out ahead. In the past seven days, Bitcoin fell by 1.4%. Meanwhile, Ethereum fell by 0.76%, XRP by 2.4%, Polkadot by 4.9% and Chainlink by 11%.

Far more volatile are coins that power leading decentralized finance, or DeFi protocols. The coin of decentralized exchange Balancer increased by 9% in the past 24 hours, interoperability protocol Ren by 16%, non-custodial loans protocol Aave by 8% and synthetics asset platform Synthetix by 8%.

Though the market caps of each are trivial compared to Bitcoin’s—never more than a billion dollars, compared to Bitcoin’s market cap of $195 billion—combined they represent a booming industry into which investors have poured in about $10 billion over the past four months.

The rise is likely linked to investors’ increased appetite for risk. DeFi protocols offer crazy-high interest rates, as well as lucrative incentives in the form of “governance tokens”—extra cryptocurrency earned from using the protocols.

Perhaps the rise is down to this year’s global economic contraction. When central banks like the U.S. Federal Reserve lower interest rates, low-risk assets no longer provide high returns. This makes cryptocurrency, a high-risk asset, more attractive for some investors.

This week, Bitcoin appears the safest bet.

bm,.89-

Friday, October 2, 2020

#FREE Binance future Bittrex Bitmex Bybit Signals & Bitcoin Automated Bot

Visit - https://t.me/cryptosignalalert

FREE Crypto Signal Mobile APP -

https://play.google.com/store/apps/details?id=com.freecryptosignals.app

#FREE Binance future, Bittrex, Bitmex, Bybit & other major exchanges signals with 80-90% accuracy. You get details about the Free Crypto Signals on your mobile, SMS & Email

We also offer a FREE Crypto Trading BOT for Binance future, Bittrex, Bitmex, Bybit – These Free Crypto BOT trades on your account as per the limit set by you & makes consistent gain

We are one of the largest Crypto Signal Community which believes in sending only quality signals. Take the trial signals and check our accuracy for more visit above given Telegram channel

Friday, September 18, 2020

###French Central Bank Will Use Tezos to Power Digital Euro Trials

Free Crypto Signals Mobile APP -

https://play.google.com/store/apps/details?id=com.freecryptosignals.app

Visit - https://t.me/cryptosignalalert

For more latest news update on Cryptocurrency, Free Crypto signals for Binance, bitMEX, ByBit & Bitcoin Binance auto trading BOT visit above given Telegram channel

According to a report published September 15, the French Central Bank will see Tezos (XTZ) power its Digital Euro trial, after selected candidates Societe Generale and Forge chose Tezos as the blockchain for the experiment.

Multinational investment bank Societe Generale and startup Forge were selected to run the Central Bank Digital Currency trial by the Banque De France in July 2020

The CBDC will be used for interbank settlements

Tezos research unit Nomadic Labs is also contributing to the effort

France has shown a deep interest in blockchain technology and CBDCs, urging other EU nations to consider innovative fintech solutions

Tezos describes itself as a self-amending ledger that can seamlessly make upgrades to its protocol without necessitating hard forks

##Kraken is the First Crypto Exchange to be Approved as a Bank in the US

Free Crypto Signals Mobile APP -

https://play.google.com/store/apps/details?id=com.freecryptosignals.app

Visit - https://t.me/cryptosignalalert

For more latest news update on Cryptocurrency, Free Crypto signals for Binance, bitMEX, ByBit & Bitcoin Binance auto trading BOT visit above given Telegram channel

San Francisco based exchange Kraken has received approval from the Wyoming Banking Board to serve as a special purpose depository institution (SPDI), according to an announcement made on September 16.

The approval makes Kraken the first crypto exchange in the US to become a bank, which has been named Kraken Financial

By receiving the license, Kraken Financial will be able to operate in other states without requiring individual approval from states

David Kinitsky, Managing Director at Kraken and CEO of Kraken Financial, said that this would give Kraken direct access to federal payments infrastructure, besides allowing for seamless banking and funding options for users

Kinitsky also hinted at several new offerings, including qualified custody for institutions, digital-asset debit cards and savings accounts all the way to new types of asset classes

##United States Will Pay You $625K if You Can Crack Monero's Privacy

Free Crypto Signals Mobile APP -

https://play.google.com/store/apps/details?id=com.freecryptosignals.app

Visit - https://t.me/cryptosignalalert

For more latest news update on Cryptocurrency, Free Crypto signals for Binance, bitMEX, ByBit & Bitcoin Binance auto trading BOT visit above given website

The United States Internal Revenue Service is offering a bounty of up to $625,000 to individuals who are successfully able to breach the privacy protocol of Monero (XMR), according to a proposal published in early September.

The proposal asks for submissions from anyone who can demonstrate working prototypes that can trace transactions on Monero as well as the Lightning Network

Specifically, the tax department desires innovative solutions for “tracing and attribution of privacy coins, such as expert tools, data, source code, algorithms, and software development services”

The IRS will offer a grant to successful applicants with their concepts, granted $500K for the first 8 months

Those who positively demonstrate the solution - a further $125,000 will be granted

Monero is the most popular privacy coin on the market and obfuscates both sender and receiver identities, and transaction amounts

The US government has been working with crypto companies to establish tracing solutions, with CipherTrace and Department of Homeland

Security recently signing a contract to that end

#FREE Bitcoin Binance Auto Trading BOT & Crypto Signals Mobile APP on Google Play Store

FREE Crypto Signals Mobile APP -

https://play.google.com/store/apps/details?id=com.freecryptosignals.app

Visit our Telegram Group - https://t.me/cryptosignalalert

We at Free Crypto Signals & Auto Trading BOT are a brand since 3 years. We provide daily Crypto Signals for Binance future, Bybit Coinpro, Bittrex, bitmex Signals for short and long term hold coins. Our success ratio on the free signals are 100%. We provide a Crypto Bot which is also known as Bitcoin bot for all the major exchanges

We are masters in Crypto Signals, Binance Future Signals, Leverage Signals & Bot for Auto trading

Saturday, May 16, 2020

##J.K. Rowling Is Interested In Bitcoin, How Will This Influence The Digital Asset?

#Bitcoin Advocates Warn Donald Trump That Negative Rates Are Not a “Gift”

Free Crypto Signals Mobile App -

https://play.google.com/store/apps/details?id=com.freecryptosignals.app

Visit - https://t.me/cryptosignalalert

For more news latest update On Cryptocurrency & Free Bitcoin Binance BOT & good quality Crypto signals on Mobile APP as well as on Telegram channel visit above given Telegram channel

Bitcoin Supporters Warn Donald Trump That Negative Rates Are Not a “Gift”

Bitcoin (BTC) enthusiasts were scolding United States President Donald Trump this week as he called on the Federal Reserve to tax people’s savings by introducing negative rates.

In a tweet on May 11, Trump pressured the Fed again, stating that the central bank should “keep pace” with Europe in lowering rates.

Trump: The U.S. needs negative interest rate “gift”

The European Union first brought about negative interest rates in 2014.

Trump wrote:

“As long as other countries are receiving the benefits of Negative Rates, the USA should also accept the ‘GIFT’. Big numbers!”

Negative rates mean charging banks — and therefore savers — to store money. Fed chair Jerome Powell has said he is against their introduction, but last month, an ex-official joined calls to send U.S. rates negative for the first time in history.

“The U.S. Federal Reserve should fight a rapidly deepening recession by taking interest rates below zero for the first time ever,” former Minneapolis Fed president Narayana Kocherlakot said.

Taxing savers, Bitcoin supporters argue, has only worsened since the coronavirus, as enforced economic shutdowns made governments bail out big businesses while taking equity and wealth form smaller participants.

Fiat squeezes the savers

Trump’s words were particularly piercing, coming on the day that Bitcoin “hardened” its money supply and cut inflation to 1.8% via its third block reward halving.

Unsurprisingly, those in favor of the cryptocurrency had little time for the president’s demands.

“As the Fed adopts a controlled Weimar strategy, Bitcoin just completed its third halving,” Gemini exchange co-founder Tyler Winklevoss commented.

Even gold bug Peter Schiff, well-known for his dismissals of Bitcoin, was unimpressed.

“Negative rates are not a gift. They are a transfer of wealth from savers to debtors,” he told Trump on Twitter.

“But the inflation created to make negative rates possible will hurt wage earners too, plus the overall economy will be less productive and living standards will be lower as a result.”

Earlier this week, critics decried the Fed pressing with plans to enter the exchange-traded fund market, while Virgin Galactic chairman Chamath Palihapitiya told CNBC that the dollar is about to enter a “massive deflationary spiral.”

#Australian woman charged for running her own Bitcoin Exchange

Free Crypto Signals Mobile App -

https://play.google.com/store/apps/details?id=com.freecryptosignals.app

Visit - https://t.me/cryptosignalalert

For more news latest update On Cryptocurrency & Free Bitcoin Binance BOT & good quality Crypto signals on Mobile APP as well as on Telegram channel visit above given Telegram channel

An Australian woman has been arrested and charged for allegedly being part of a money laundering syndicate that exchanged crypto for cash.

In brief

An Australian woman has been arrested for allegedly exchanging cash for cryptocurrency.

She had exchanged 3.8 Bitcoin for $38,625, according to police.

She was allegedly part of a money-laundering syndicate.

The 52-year old woman was arrested in a shopping centre in Sydney for exchanging 3.8 Bitcoin for $38,625.

She was allegedly part of a money-laundering syndicate that effectively ran as its own unlicensed exchange. Since 2017, the syndicate has traded over 326 Bitcoin since 2017 ($3.1 million in today’s money), claimed Detective Superintendent Matthew Craft, the squad commander of the State Crime Command's Cybercrime Squad.

This is a significant quantity of Bitcoin for somebody who is not a registered digital currency exchange," he reportedly said. Following a search warrant at a local home, an additional $11,600 worth of cryptocurrency was seized, along with phones and computers.

Detective Superintendent Craft said the situation was the first of its kind in Australia—that the police know about. “This will be the first of many arrests I believe we will make over the coming years and you're being put on notice,” he reportedly said.

The charges against the Australian woman appear incongruent with the principles championed by cryptocurrencies; that people can trade cryptocurrencies for cash without having to first register with the government.

Though the benefits might be to “bank the unbanked,” the drawback is that unregulated exchanges “bank the unbankables”—people who illegally trade money online to evade authorities.

It is for this reason that cryptocurrency exchanges must comply with money laundering directives and “know your customer” checks, whereby exchanges must keep information about their customers.

In upcoming regulation, due to be enforced within the next year or so, crypto exchanges must send information about customers whenever they are transferring money between exchanges. Called the “travel rule,” the regulation has crypto exchanges stumped: do they stick to regulation to stay in business or do they stick to crypto principles?

##Bitcoin up, stocks down on week as economic outlook remains grim

Free Crypto Signals Mobile App -

https://play.google.com/store/apps/details?id=com.freecryptosignals.app

Visit - https://t.me/cryptosignalalert

For more news latest update On Cryptocurrency & Free Bitcoin Binance BOT & good quality Crypto signals on Mobile APP as well as on Telegram channel visit above given Telegram channel

Stocks fall as retail sales shrink and the Fed warns the economic recovery from COVID-19 will be slower than expected. Meanwhile, Bitcoin number go up.

In brief

The stock market just closed its worst trading week in two months.

Bitcoin, on the other hand, is up more than 10% on the week.

All signs point to a slower economic recovery from the coronavirus than initially expected.

It was the week of the great decoupling, as Bitcoin finally broke its correlation with the stock market—one that some analysts and traders say never really existed in the first place. While crypto has seen considerable gains this week, the stock market continues to fall on warnings that the US economy may recover from the coronavirus pandemic slower than anticipated.

Bitcoin found itself flirting with $10K per coin once again in the lead up to the third Bitcoin halving, a once-in-four-years event that cuts mining rewards in half, limiting supply and reducing inflation.

But, on the day of the halving, the price of Bitcoin dumped all the way down to the mid-$8,000 range, a sign of nervousness in the market over the event. (Ethereum likewise dropped down to $185 per token.)

Since then, however, Bitcoin and the rest of the crypto market has come roaring back. While BTC may be down today by around 5%, Bitcoin has gained more than 10% on the week and is now trading for around $9,300. All in all, market capitalization for all cryptocurrencies has gained close to 8% and now sits at $253 billion

Meanwhile, stocks have seen consistent days of negative trading since the beginning of the week. The Dow Jones Industrial Average (DJIA) fell by more than 500 points on Wednesday, while the S&P fell close to 2%. While the Dow closed today up by 60 points, it ended the week down more than 2%. It was the worst trading week for the Dow in nearly two months.

Likewise, the S&P isn’t faring much better, closing today at 2,863 points and down close to 2% on the week as well.

Markets appear to have reacted to the news of poor retail sales in April, which were far worse than predicted. A government report suggests that April retail sales were down more than 16%—far worse than the 12.3% percent initially predicted by Dow economists.

The coronavirus pandemic has caused overall spending to shrink, with the clothing industry taking the biggest hit. Sales of clothing fell by more than 78%, while electronics were next in line with a 60% drop in sales. Restaurant revenue has dropped by close to 30%.

##Vitalik Buterin's greatest regret over building Ethereum

Free Crypto Signals Mobile App -

https://play.google.com/store/apps/details?id=com.freecryptosignals.app

Visit - https://t.me/cryptosignalalert

For more news latest update On Cryptocurrency & Free Bitcoin Binance BOT & good quality Crypto signals on Mobile APP as well as on Telegram channel visit above given Telegram channel

Buterin reveals the mistake he doesn't want to repeat with the Ethereum 2.0 upgrade.

In brief

Vitalik Buterin said he regrets that Ethereum launched too early.

He said many defects could have been avoided with a 10 month delay.

Critics have complained of delays to the 2.0 upgrade, expected later this year.

Vitalik Buterin has a deep regret about Ethereum. The 26-year-old blockchain co-founder tweeted today that he believes the platform’s launch was premature.

The second biggest blockchain by market cap, Ethereum launched to great fanfare in 2014. Buterin has since been honoured for his groundbreaking contribution to decentralization and the digital revolution.

But he revealed today that, had Ethereum launched just 10 months later, the defects that the development team have spent the subsequent years fixing could have been avoided.

Early design decisions, such as using Hex Trees as an internal data structure instead of the more common binary trees, were the main source of regret for Buterin. Another regret was using RLP—Recursive Length Prefix—which is a way to send information over a node. Ethereum developers dislike the format because it’s can't be optimized, and is therefore inefficient.

Buterin’s tweet was in response to developer Justin Drake, who had said that Ethereum 2.0—the platform’s long awaiting upgrade—could have been ready over a year ago, had developers followed the easy route to launch.

“We made Eth2 hard for ourselves,” said Drake, and listed reasons including: the many design iterations the new blockchain had seen, and the number of clients that needed to be accommodated.

“We could have launched a year or two earlier the easy way. It was painful but it was right. Our investments will pay off for decades :),” he said.

Buterin wholeheartedly agreed with Drake, as did many others.

But questions about setbacks with Eth2 have plagued the Ethereum community of late. In response to a question about the launch last week Buterin seemed to confirm an interviewer’s suggestion of a July date, only to backtrack later and say he didn’t hear the July part of the question.

“Everyone is asking why is Ethereum 2 delayed,” said Ben Edgington, of Teku, an Eth 2.0 client operator. “Delay suggests we missed that date and we’re trying to catch up. A much better question is ‘Why is it taking so long?’ And the reason is it’s complicated and we’re trying to do a really good job of it.”

And when the new platform finally launches—expected to be in the third quarter of the year, you can be sure there won’t be a Hex tree in sight.

#Bitcoin to be accepted across 20,000 retailers in Venezuela

Free Crypto Signals Mobile App -

https://play.google.com/store/apps/details?id=com.freecryptosignals.app

Visit - https://t.me/cryptosignalalert

For more news latest update On Cryptocurrency & Free Bitcoin Binance BOT & good quality Crypto signals on Mobile APP as well as on Telegram channel visit above given Telegram channel

A new deal between crypto startup Cryptobuyer and traditional payments firm Megasoft is taking crypto payments in Venezuela to another level.

In brief

Cryptobuyer and Megasoft are brining Bitcoin payment options to more than 20,000 retailers across Venezuela.

Venezuela's largest retail chain, Traki, had already implemented BTC payments across its 40 locations.

While a big step, there is still much to be done before BTC payments reach mainstream adoption.

Some say that Bitcoin use in Venezuela is exaggerated, while others point to a burgeoning crypto community, as savvy citizens look for better stores of value in the face of hyperinflating bolivars.

That may all soon be put to the test.

Late last week, crypto payments processor Cryptobuyer announced a new deal with traditional payments firm Megasoft that is bringing crypto point-of-sale capabilities to more than 20,000 merchants across Venezuela.

The merchants, among some of the biggest stories in the country, will all use Megasoft’s Merchant Server platform, giving them the option accept to Bitcoin, Ethereum, Dash, Litecoin, Binance Coin, Tether, DAI, and Cryptobuyer's native token, XPT, as payment. The new payments system is set to go live in June.

Among the retailers that will benefit from the deal is the supermarket chain Central Madeirense, pharmacy network Farmatodo, and a range of other hardware, auto parts, and department stores—and even the movie theater chain Cines Unidos. These are some of the biggest chains in Venezuela, who will now each be able to accept crypto from their customers—just as soon as the coronavirus lockdowns are lifted, that is.

But soon, the range of options for Venezuelan crypto enthusiasts will become considerably wider. Cryptobuyer previously partnered with Traki, the largest retail chain in the country. But with this move, Venezuelans will have a new range of products that can be bought with Bitcoin and other cryptos, including food and other staples. (Grocery stores and pharmacies are still open in Venezuela during the nationwide quarantine.

What this doesn’t mean, however, is that most Venezuelans will suddenly adopt crypto.

Volatility in the crypto markets is one factor which alienates potential Venezuelan users with generally low incomes. What’s more, previous implementations of crypto point-of-sale systems in Venezuela have not yet yielded a large number of transactions.

For example, Traki’s more than 40 stores distributed throughout the country already accept Bitcoin and other cryptocurrencies. But during the first two years of its initiative, the store only registered a little more than 1,000 crypto payments, of which almost 90% happened after its association with Cryptobuyer, according to Traki’s own figures.

Still, Traki’s rollout of crypto payment options could be viewed as an important first step in this direction. Since then, Cryptobuyer signed a deal with fast-food chain Burger King this past March, and another with leading hotel chain Tamaco.

So while Bitcoin may not be quite ready for mass use in Venezuela, another 20,000 stores giving residents the option is no small measure.

##J.K. Rowling doesn’t understand Bitcoin, Twitter tries to Explain

Tuesday, April 21, 2020

#Analyst Predicts, #Ripple’s XRP Price Is Ready to Surge 30% in the Next 2 Months

Free Crypto Signals Mobile App -

https://play.google.com/store/apps/details?id=com.freecryptosignals.app

Visit - https://t.me/cryptosignalalert

For more news latest update On Cryptocurrency & Free Bitcoin Binance BOT & good quality Crypto signals on Mobile APP as well as on Telegram channel visit above given Telegram channel

It is expected that in the next 2 months, XRP price may increase by 30%. Today XRP is trading at $0.19, having lost 1.80% within 24 hours.

According to the report from the crypto analysts, Ripple‘s XRP, the third-largest crypto, is set to rise 30% and mount an impressive comeback. This is after the crypto’s price plunged around 50% in February, falling from its peak alongside other crypto coins.

Analyst LomahCrypto revealed via a Twitter post that he is currently charting a scenario in which Ripple’s XRP may jump by nearly 30% in the coming two months, pointing to the $0.24 price point as a potential target.

Lomah, in his analysis, did not explain why this price action will transpire, but his chart shows that XRP printed a swing failure pattern at a key level of support, boding well for the cryptocurrency moving forward.

In the same light, Credible Crypto explains that the recent rally in the crypto market has enabled XRP’S long term chart to print a positive sign.

The third-largest crypto reclaimed a multi-year trendline recently, recovering from a downtrend after hitting its all-time high and dropped four times. According to Credible Crypto, XRP is managing to make the breakout, saying it is a sign that the bottom is in.

Ripple’s XRP Fate Tied to Bitcoin Performance

With the fact that Lomah, alongside other analysts predicting a bullish run for Ripple’s XRP, the price of the crypto remains tied to the fate of Bitcoin as the crypto king’s directionality dictates the overall trend of the crypto industry.

Fortunately, the crypto king is also about to begin its bull run. Crypto analytics provider Glassnode shared this week that there’s recently been a rise in the number for “daily new entities on the Bitcoin network.”

The metrics seven days moving average responsible for calculating how much people access the BTC network reports that the numbers have soared from 6,000 in mid-March to 17,000 recently amounting to a 200% rise in a few weeks.