Markets, News, Trends

NEWS: Binance moves its headquarters to Malta, upcoming EU data privacy framework and more.

Binance Logo

Without going much further, let’s just say that these are excellent news for the cryptocurrency market as a whole.

The impact of whatever happens to Binance upon the price of BTC is significant: paraphrasing a popular statement, when Binance sneezes, the market catches a cold. The impact of whatever happens to BTC upon whatever happens to the market as a whole needs no mention.

Becoming a Maltese company de-jure (although it actually os moving its headquarters and planning to employ over 200 staff) offers the  exchange and its clients some of so-much-needed stability, especially in light of cautiously positive statements European Ministers of Finance are giving towards Blockchain as a whole.

Currently, the total cryptocurrencies market cap is just over $320 billion. Bitcoin dominates the market at 41% of all transactions.

24 hour volume of Bitcoin transactions is just over $4,5 billion.

Binance was responsible for USD $1,7 billion of 24 hour trade volume on Sunday.

Binance trade volume

“This is a clear vote of confidence in our country and the work being done in this sector, mainly by the latest policy launched to offer a regulatory framework of DLT operations. It is obvious that Malta has become a natural point of reference on the international sphere and companies such as Binance will continue to look into Malta to further expand their operations or establish a base. Binance’s presence in Malta sustains our vision, that of making Malta ‘The Blockchain Island”, – Silvio Schembri, Malta’s Parliamentary Secretary for Financial Services, Digital Economy & Innovation. 

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Malta Binance Headquarters

Meanwhile, as the market was jubilating for a short period of time, the EU has finally concluded its development of a framework on how corporations should handle their clients’ data. Although the privacy-focussed set of regulations is targeted against companies storing clients’ (notably, – EU citizens’, both within the EU and abroad) personal data, it inadvertently affects the cryptocurrency market… how? Well, i. e. all Bitcoin transactions are forever stored on a public ledger…

EU data privacy

On a brighter note, the Buenos Aires G20 cryptocurrency market discussion ended with a statement that although some regulation is to be developed in the future (a blank statement), at present, the market will be more or less left in peace.

Read more:
Continue reading “NEWS: Binance moves its headquarters to Malta, upcoming EU data privacy framework and more.”

Featured, Markets, News, Trends

NEWS: Yahoo big in Japan, Snapchat vs. ICOs and more:

yahoo cryptocurrencies

Japan, one of the Asian tigers of the cryptocurrency market is under direct attention from the country’s regulatory bodies following the multi-million dollar hack of one of the local exchanges. Binance, a Hong Kong-based exchange is under notice for operating without a license in the country (the news affected the price of Bitcoin, highlighting the significance of Binance; yet Yahoo intends to buy into one of the local exchanges, already operating and licensed in the market. 40% stake, reportedly valued at $19 million, will give the internet giant effortless market entry, with further investments expected in early 2019.

Noteworthy, Yahoo only partially followed Google/Youtube, Facebook/Instagram, Twitter and Snapchat (think investing in crypto? Think Snapchat…yes that is sarcasm) and others in restricting cryptocurrency-related advertisement. While Microsoft, a company well-known for its positive attitude and even enthusiasm towards cryptocurrency markets (one can use Bitcoin to purchase Microsoft products), Bing and Linkedin have not followed the popular trend.

More on future regulation: from G20’s discussion on cryptocurrencies France’s Minister of Finance stated:

“We agree that crypto-assets can be very interesting for everyone. And we – obviously – are in favor of blockchain technology, which can provide very good support to financial assets in Europe or anywhere in the world. We are in favor of these technologies, but we want these technologies to be secure and therefore we need to define very clear measures for their regulation.“

In other words, quoting older news based on JP Morgan’s internal report, cryptocurrencies are here to stay. Whether ICO adverts are banned by Snapchat or not.

Sources:
Continue reading “NEWS: Yahoo big in Japan, Snapchat vs. ICOs and more:”

Airdrops, Coins, Faucets, Featured, Markets, News, Signals, Tokens, Trends

Black CryptoFridays …when darkness descends upon the markets and portfolios are coloured red…

Yes, that term has already been coined. We would be surprised, otherwise.

The markets have seen worse. Remember the prophecies of doom what happened when China slashed cryptocurrency trading, restricting the search engines from showing anything crypto-related? First of all, when rumours of the Central Bank’s talks began spreading, within a day, bitcoin price in the Chinese exchange market increased by 9.3%, while other major markets (both Western and Eastern) remained stagnant. Momentum was rebuilding in China, despite the ongoing bitcoin exchange ban talks.

Then, for some time, Japan became the Asian cryptocurrency centre and the yen trade volume surged. Surprise! Traders moved offshore. Besides… What is the geolocation of Binance, the leading cryptocurrency exchange by daily trade volumeDemand for Bitcoin in China increased. Japan’s stagnating economy only welcomed the new status:

Takashi Shiono, Credit Suisse, Tokyo: “There are estimates that tax revenue from the cryptocurrency business, including capital gains taxes from individual investors and from corporations, could amount to 1 trillion yen (US$9.2 billion), though that is very speculative at this stage.”

Oh, the price of Bitcoin slumped temporarily, allowing those willing and able to take risks to profit off buying in cheap. Same scenario happened with South Korean government agencies proposed regulation: about 10 days later, the markets were, pardon the slang, like “whatever” (see chart below).

BTCpricesouthkoreanresonse.png

We mentioned the fate of said South Korean regulations previously. Why? There almost was a public uprising!

Why did the price of Bitcoin fall so low over the past days?

There are about 10-15 solid an 25-30 speculative reasons why. We will let Carter Thomas, do that for us. Hey, it’s the weekend. To us, it looks like one of those perfect times when you should go out, meet some friends, watch a film, do some shopping, play a computer game.

Still thinking about the cryptocurrency market and the blood-red of your portfolio? Ok, watch something on Viuly instead and get yourself some free VIU. Shop for virtually anything through the CCRB shopping system, – browse through AliExpress, get yourself a new gadget, buy someone a present or explore some holiday destination at a massive discount and get yourself a flat 25% cryptocashback bonus. Register at Cointiply and play a computer game, earning some satoshi for it. The rewards aren’t great, but you are free to play as often as you like and some of the games are actually cool; the truck arcades and Swoop are amongst the ones we enjoyed testing out:

(please forgive us for our sense of humour; the actual gameplay is fun: flying around amongst pretty landscapes, collecting shineys; but Black CryptoFriday (or BlackCrypto Friday? right?) 🙂

All is well, Feathercoin is still going strong against BTC (remember where you can get ahold of some free FTC for doing nothing and where you can trade them?). DASH is doing well against Etherium. Crave is just showing fiat who’s the boss. Other than that… Um, red is the new green? 🙂

*note: we previously have not mentioned Crave. We will.

*note: all factors considered, almost any CCRB cryptocashback offer, not mentioning special offers, beats a similar cashback offer from a traditional provider, such as Quidco. 

*note: we have not previously mentioned Viuly: if you haven’t yet, create an account now; you get 10 VIU for registration and random amounts of VIU for various bounty tasks. The ERC20 token is traded on major exchanges, however withdrawing VIU is a subject for a separate guide. Hint: VIU supply is limited…

Hope you have a great, diverse weekend!

Sources and Further Reading:

https://www.express.co.uk/finance/city/914507/bitcoin-news-cryptocurrency-japan-price-boom-coincheck-ripple-ethereum

https://www.bloomberg.com/graphics/2017-bitcoin-volume/

http://www.scmp.com/business/banking-finance/article/2132009/china-stamp-out-cryptocurrency-trading-completely-ban

https://www.ccn.com/bitcoin-trading-volume-in-china-rises-significantly-despite-exchange-ban-talks/

http://www.scmp.com/tech/innovation/article/2125282/chinas-bitcoin-crackdown-raises-cryptocurrency-demand-they-move-peer

Coins, Important, Markets, News

NEWS: Binance: No 1. in daily trade volume second day in a row, DiceMine reduces XMR withdrawal minimum and more.

Binance ahead of competition

Today, the Hong-Kong-based exchange maintains its no.1  position with 24-hour trade volume of $1.6 (!) bil USD.

exchange trade volume 24 hours Binance

Yesterday, Binance ltook lead the trade volume Coinmarketcap chart with over 1,3bil USD worth of trades.

Binance daily trade volume in USD

Source: https://coinmarketcap.com/exchanges/volume/24-hour/

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Cryptopia delists the DOGE/LTC trading pair.

Cryptopia delists Litecoin-Dogecoin

Sadly, one can no longer trade DOGE/LTC on one of our favourite exchanges. The news aren’t significant at all; it is merely a reminder to always keep track of your exchanges’ news. It might save you a lot of money.

DOGE/LTC is traded anywhere and everywhere. For small quantities, we recommend CoinExchange as an alternative.

Featured, Markets

Lightning-fast DASH withdrawal to Binance trading wallet

Following last morning’s news which have reflected upon the coin’s market price, we withdrew some DASH faucet earnings to a Binance DASH trading wallet.

The total transaction time (including manual approval) was just over an hour! In daytrading time can be, quite literally, money, so we were pleasantly surprised.

withdrawing from coinpot quick

Deposit DASH coins to Binance from Coinpot

Unless you are saving up/holding, or have your own plans for your DASH earnings, we would recommend following the news and having an exchange account with a wallet address at standby, should any currency’s price begin to spike. Using a converter is an easy and instant process, but not the most economically efficient choice.

Where to sell, buy or trade DASH?

*note: all the exchanges below have been tested, used multiple times and were proven to be reliable.

Do not miss a chance to register at Binance, – somewhat of a golden standard, regularly referred to by professional traders (total daily transaction volume exceeds an impressive 1,2 billion USD), sometimes pauses new registrations. Binance offers a multitude of professional trading tools, state-of-the-art security protocols, apps and, well, the status of being a Binance trader (joke).

DASH trading pairs: BTC, ETH.

(please note: in accordance to Binance rules (refer to – Trading Rule – Binance), minimum trade for DASH on Binance is 0.001 DASH. If your DASH balance is less than that, you will not be able to set up a trade).

If your main source of DASH is not a previous trade, if you did not buy some coins for your country’s currency or used a converter, but got some off one of the Moon Faucets, get that balance up to the minimum withdrawal threshold if you’ve been neglecting it (DASH is a good asset to have in your portfolio) and pick one of the following exchanges which will let you sell smaller portions of DASH:

Register at Cryptopia. A New Zealand-based altcoin paradise, listing almost 500 coins, tokens and those-weird-names-no-one-ever-heard-about and never will yet, which can skyrocket naturally, or during an organised pump. Would you rather invest in TrumpCoin or BolivarCoin? Is DopeCoin your thing, or you are contemplating adding some GAY Money to your holdings? Were you on a quest to find Philosopher’s Stone? Giggle all you wish; as long as there are pairs to trade and volatility, there’ are moneymaking opportunities.

Humor aside, despite that Cryptopia might seem like some online Tortuga of cryptocurrency exchanges, it is a well-established, user-friendly and well maintained platform, dedicated iOS app, trading every serious coin, albeit in much smaller quantities than Binance. Have you read our guide on making daily withdrawals from Moon Faucets? For 50-60 DOGE you can get ahold of a whole list of new currencies to play with. Some of them will surprise you one day.

DASH trading pairs: BTC, USDT.

CoinExchange is somewhat similar to Cryptopia in its vast selection of altcoins (how can one possibly resist holding Theresa May?). Its minimalistic and neat interface is perhaps more suitable for those newer to trading. We admit having a certain emotional attachment to CoinExchange – it was there where we came up for an idea for a trading strategy; hence it is mentioned every so often, but, considering a healthy amount of pairs of all major currencies, aggressive cold storage policy, great support (including a BTC bounty for bugfinding), upcoming asset trading opportunities, etc., why not register at CoinExchange now?

DASH trading pairs: BTC, ETH.

Last, but not least; an exchange that is too good to miss:

Florifa-based exchange Gate.io offers a mobile app, almost 300 currencies, highest security measures, 0.0% withdrawal fee, cold wallet storage, regular market insights and much, much more.

Pleasant surprise: register at Gate.io using our unique link and receive a 10% discount on trading fees for one year.

10% off discount trade cryptocurrency gate.io
Gate.io Homepage
GateIoSignUp
Resigter at Gate.io

 

DASH trading pairs: BTC, USDT.

Best of luck!

(disclaimer: the article is not written to encourage you to trade, invest, hold, or purchase any currency)