Crypto Market & Bitcoin Remain Supported: BCH, Litecoin, ADA, TRX Analysis

The total crypto market cap failed to surpass the key $280.0 resistance area. Bitcoin price started a downside correction and traded below the $10,800 support. Litecoin (LTC) price is struggling to correct higher and is testing the $75.00 support. BCH price is currently correcting lower and it might test the $305 support area. Tron (TRX) price is extending losses and it remains in a strong downtrend below $0.0185. Cardano (ADA) price broke the key $0.0500 support level to extend its slide. Bitcoin (BTC) and the crypto market cap are currently…

Ethereum Price (ETH) Approaching Next Break While Bitcoin Is Correcting

ETH price started a downside correction after testing the $202 resistance area against the US Dollar. The price is currently trading below $198 and is trading near the $194 support area. This week’s followed key bullish trend line with support near $194 is active on the hourly chart of ETH/USD (data feed via Kraken). The pair is likely approaching the next break either above $200 or below $192 in the near term. Ethereum price is setting up for the next key break versus the US Dollar, while bitcoin is correcting…

Blockchain Firm TZero Adds Ravencoin to Supported Cryptocurrencies

Blockchain company tZero added Ravencoin (RVN) to the list of cryptocurrencies supported by its tZero Crypto cryptocurrency wallet and trading app. Ravencoin now supported on the tZero app TZero announced in a press release published on Aug. 20 that Ravencoin will be joining Bitcoin (BTC) and Ether (ETH) among the cryptocurrencies supported by its trading and wallet tZero Crypto app, available for iOS and Android devices. Per the release, the company submitted the updated iOS app supporting the crypto asset to the store yesterday, while the update for the Android…

Trading Volume Has Increased 2,000% Since 2018

Nelson Minier, head of over-the-counter (OTC) trading at major cryptocurrency platform Kraken, has stated that the OTC desk’s trades per month have increased by a factor of 20 since the beginning of last year. Minier gave his remarks in an episode of The Block’s podcast, The Scoop, on Aug. 20. Minier further remarked that “Bitcoin and Ether are the big — the whales of our desk,” additionally estimating that Bitcoin (BTC), Ether (ETH), Bitcoin Cash (BCH), Monero (XMR), and Tether (USDT) were the top five cryptocurrencies traded by volume. Minier…

Austrian Telecom A1 Accepting Crypto in Select Shops Using Salamantex

Major Austrian telecom operator A1 has started accepting cryptocurrencies as payment in seven selected shops in Austria. Six cryptos accepted Starting from Aug. 19, A1 customers can pay for network services in selected A1 branches using six major cryptos: Bitcoin (BTC), Ether (ETH), XRP, Litecoin (LTC), Stellar (XLM) and Dash (DASH), according to an official announcement published on Aug. 16. A1 Payment service, a digital payment system developed in collaboration with Austrian digital currency specialist Salamantex, German cashless payment provider Concardis and French smart payment solutions supplier Ingenico, was first…

Facebook-owned WhatsApp Looks to Launch Digital Payments in Indonesia

Facebook-owned messaging service, WhatsApp, is purportedly in preliminary talks with multiple digital payments firms as well as a state-owned bank to launch digital payment services in Indonesia.  Reuters reported that they had learned of this development from anonymous sources on Aug. 20. According to the report, WhatsApp is currently negotiating with transportation booking service Go-Jek, mobile payments provider DANA, fintech startup OVO and state-owned Bank Mandiri. Bank Mindri operates a digital wallet service, per the report.  WhatsApp’s plan for Indonesia is to support payments through digital wallets in the region,…

ICO Rating Settles With SEC Over Alleged Anti-Touting Violations

The United States Securities and Exchange Commission (SEC) has charged Russian analytical agency ICO Rating for $268,998 for violating anti-touting provisions, according to an announcement on Aug. 20. In the announcement, the SEC claimed that ICO Rating violated the anti-touting provisions of Section 17(b) of the Securities Act of 1933 by failing to disclose payments it received from initial coin offering (ICO) issuers it rated and published on its platform. Melissa Hodgman, Associate Director of the SEC’s Enforcement Division, said: “The securities laws require promoters, including both people and entities,…

South Korean Crypto Projects Look to Leave the Country

The number of South Korean digital currency projects leaving the country to list their products on foreign exchanges is increasing, experts say. South Korean news outlet Business Korea reported on Aug. 19, that industry experts have noticed a surge in cryptocurrency and blockchain-focused projects seeking to list their early-stage products on overseas platforms. Experts define reasons behind projects’ departure Experts named several key reasons that local projects are leaving, including stricter domestic cryptocurrency exchange market conditions, wherein investors are not able to make or withdraw deposits in the Korean won…

Bitfinex and Tether Respond to New York Judge, Will Pursue Appeals

Bitfinex and Tether have replied to Judge Joel Cohen’s recent ruling in the New York Attorney General (NYAG) ongoing case against companies. Cohen dismissed Bitfinex’s motion to throw out the case due to lack of jurisdiction, so the NYAG will continue to prosecute the companies via the Martin Act. Bitfinex issued its reply in an official blog post on Aug. 20. Tether published the same response on its website, also on Aug. 20. The companies maintain that the NYAG’s claims are meritless and say they will pursue the issues at…

Erik Finman: My Cryptocurrency Will Kill Libra

Crypto millionaire Erik Finman says bitcoin is being replaced by Facebook’s Libra. But he says his app Metal Pay is the “Libra killer.” | Source: Erik Finman/Twitter (i), Shutterstock (ii). Image Edited by CCN. By CCN Markets: Crypto millionaire Erik Finman says bitcoin “is being replaced” by Facebook’s Libra. But he insists his cryptocurrency, Metal Pay, is the “Libra Killer.” The 20-year-old entrepreneur made the ballsy claims in a blog post at Wall Street Playboys. Moreover, Finman boldly declared that his Metal Pay platform could supplant both bitcoin and Libra.…