Crypto News Worldwide

First posted at https://ethereumworldnews.com/binance-news-update-otc-trading-fiat-on-ramp-s-a-rand-and-flexible-deposits-ltc-trx/

In brief:

• The team at Binance has made 3 major announcements in less than 24 hours. 
• Firstly, Binance launched a new Fiat on-ramp for the South African Rand (ZAR). 
• Secondly, the team launched a new OTC trading portal. 
• Thirdly, flexible deposits are now available for Litecoin (LTC) and Tron (TRX).

The last 24 hours have been an eventful period in both the crypto markets and at the popular exchange of Binance. To begin with, the crypto market capitalization has gained approximately $10 Billion, rising from $175 Billion to $186 Billion in the same time period. Bitcoin (BTC) is currently trading at $6,655 after bouncing off the $6,200 support zone. With respect to the crypto exchange of Binance, the team has consistently made valuable additions to the products and services offered by the platform.

Fiat On-ramp for the S. African Rand (ZAR)

Firstly, the team has announced that the platform now supports the transfer of Rands (ZAR) via bank transfer (EFT). This will enhance how users from South Africa deposit fiat on the platform. Additionally, the exchange has added 5 trading pairs denominated in the ZAR.

• BTC/ZAR
• BNB/ZAR
• ETH/ZAR
• USDT/ZAR
• BUSD/ZAR

Deposits of ZAR are available with immediate effect. However, withdrawals will be active from 9th April, 6am (UTC + 2).

New OTC Trading Portal

Secondly, the team has announced the launch of an OTC trading portal. The service is live with users having the opportunity to receive a request for quotation (RFQ) for trades that are quickly settled directly to their Binance accounts.

However, the minimum trade size is the equivalent of 10,000 USDT. 25 digital assets are currently supported with users having to complete level 2 KYC verification.

TRX and LTC Added to Flexible Deposits

Thirdly, the exchange has added Tron (TRX) and Litecoin (LTC) to the list of supported assets on flexible deposits. This is a value-added service for Binance users who hold idle assets on the platform. Such funds can be lent out to users and the owners earn interest as a result.

Slight Price Increment of Binance Coin (BNB)

As earlier foreshadowed, the price of BNB in the crypto markets has experienced a huge boost from a recent low of $12. It is now valued at $12.77 and looks set to keep moving up as the day progresses.

(Feature image courtesy of Roman Kraft  on Unsplash.)

Disclaimer: This article is not meant to give financial advice. Any additional opinion herein is purely the author’s and does not represent the opinion of Ethereum World News or any of its other writers. Please carry out your own research before investing in any of the numerous cryptocurrencies available. Thank you.

First posted at http://feedproxy.google.com/~r/BitcoinIndependentNewsAndBlog/~3/7qvGuwTtbfI/

Crypto New Media Press

$BTC has layered the screen in green through the week as it grinds higher, scraping the upper Bollinger band. The intraday moves have been pretty interesting. Unlike traditional assets — where the markets are generally in sync from Asia, through Europe, on to the Americas — the digital assets market feels tribal. The abrupt moves […]

The post The crew just grows. – SJ Oh appeared first on Crypto New Media.

First posted at http://feedproxy.google.com/~r/BitcoinIndependentNewsAndBlog/~3/zzBGxIYRQ2M/

Crypto New Media Press

Harga #Bitcoin bertahan relatif menyamping minggu lalu dan tidak sekalipun menguji hambatan atau dukungan dari saluran yang terlihat menurun di analisa minggu lalu.Karena itu, hari ini saya melihat kasus baik untuk Bitcoin yang bisa mengalami kenaikan luar biasa bila hambatan ke $7,200 bisa dipecahkan.However, last week proved a massive fundamental turning point for Bitcoin that […]

The post Bitcoin Pulih 80% Tanpa Bantuan Apapun dari Pemerintah: Waktunya untuk Optimis? appeared first on Crypto New Media.

First posted at https://ethereumworldnews.com/binance-news-update-otc-trading-fiat-on-ramp-s-a-rand-and-flexible-deposits-ltc-trx/

In brief:

• The team at Binance has made 3 major announcements in less than 24 hours. 
• Firstly, Binance launched a new Fiat on-ramp for the South African Rand (ZAR). 
• Secondly, the team launched a new OTC trading portal. 
• Thirdly, flexible deposits are now available for Litecoin (LTC) and Tron (TRX).

The last 24 hours have been an eventful period in both the crypto markets and at the popular exchange of Binance. To begin with, the crypto market capitalization has gained approximately $10 Billion, rising from $175 Billion to $186 Billion in the same time period. Bitcoin (BTC) is currently trading at $6,655 after bouncing off the $6,200 support zone. With respect to the crypto exchange of Binance, the team has consistently made valuable additions to the products and services offered by the platform.

Fiat On-ramp for the S. African Rand (ZAR)

Firstly, the team has announced that the platform now supports the transfer of Rands (ZAR) via bank transfer (EFT). This will enhance how users from South Africa deposit fiat on the platform. Additionally, the exchange has added 5 trading pairs denominated in the ZAR.

• BTC/ZAR
• BNB/ZAR
• ETH/ZAR
• USDT/ZAR
• BUSD/ZAR

Deposits of ZAR are available with immediate effect. However, withdrawals will be active from 9th April, 6am (UTC + 2).

New OTC Trading Portal

Secondly, the team has announced the launch of an OTC trading portal. The service is live with users having the opportunity to receive a request for quotation (RFQ) for trades that are quickly settled directly to their Binance accounts.

However, the minimum trade size is the equivalent of 10,000 USDT. 25 digital assets are currently supported with users having to complete level 2 KYC verification.

TRX and LTC Added to Flexible Deposits

Thirdly, the exchange has added Tron (TRX) and Litecoin (LTC) to the list of supported assets on flexible deposits. This is a value-added service for Binance users who hold idle assets on the platform. Such funds can be lent out to users and the owners earn interest as a result.

Slight Price Increment of Binance Coin (BNB)

As earlier foreshadowed, the price of BNB in the crypto markets has experienced a huge boost from a recent low of $12. It is now valued at $12.77 and looks set to keep moving up as the day progresses.

(Feature image courtesy of Roman Kraft  on Unsplash.)

Disclaimer: This article is not meant to give financial advice. Any additional opinion herein is purely the author’s and does not represent the opinion of Ethereum World News or any of its other writers. Please carry out your own research before investing in any of the numerous cryptocurrencies available. Thank you.

First posted at http://feedproxy.google.com/~r/BitcoinIndependentNewsAndBlog/~3/dHqGRuqVwQ8/

Crypto New Media Press

The news about ASICs for Nervos CKB came out recently, as the time of writing, there are four ASICs announced, the Toddminer C1, Toddminer C1 Pro, Bitmain K5 and PA miner — the first batch of C1 was delivered on March 9, K5 and PA Miner are expected to be delivered in April and C1 […]

The post Is Decentralized ASIC Production Possible? – Coinmonks appeared first on Crypto New Media.

First posted at http://feedproxy.google.com/~r/BitcoinIndependentNewsAndBlog/~3/B7ntEZ7A6Dw/

Crypto New Media Press

Is the worst over, is the question in everyone’s mind and going by a fall across the board on the percentage increase in new cases, it might well be. USA and UK are at the peak of this, but the speed of increase in new cases in America has dropped from 40% to 25% as […]

The post West Starts Turning Tide as Cases Fall by Percentage appeared first on Crypto New Media.

First posted at https://ethereumworldnews.com/xrp-price-analysis-0-155-offers-substantial-support/

In brief:

• Initially, XRP/USD looked set to lose the $0.16 support zone. 
• The coin has since reclaimed $0.17 and is currently trading at $0.1766. 
• However, one analyst warns this might be a brief rally. 

In the last 24 hours, the crypto markets have gained $11 Billion in market capitalization. The total market cap now stands at $186.5 Billion with Bitcoin leading the pack at a value of $6,655. The majority of the cryptocurrencies are in the green with XRP gaining 2% in the last 24 hours. The remittance coin is currently valued at $0.1766 at the time of writing this.

Brief XRP/USD Price Analysis

Further analyzing the 6-Hour XRP/USD chart courtesy of Tradingview.com, we observe the following.

Firstly, the current price is within a rising wedge and well above the 50 (white) moving average and the 100 (yellow) moving average. With the two MAs acting as support, XRP/USD could be set to break the upper ceiling of the wedge and retest previous highs at $0.19.

Secondly, the MACD indicates that selling has reduced and its MAs are about to cross in the upward trajectory above the baseline. The MFI is currently at 65 thus indicating the coin is yet to become overbought with the trade volume also in the green. All these factors indicate that a drive up is likely.

Warning that XRP Could Go as Low as $0.078

Popular crypto analyst @MagicPoopCannon, warned crypto investors via twitter, that XRP might be headed for new lows as he anticipates a global recession will also affect Bitcoin and the crypto markets. In the tweet, he set a new XRP target of $0.078. The tweet can be found below.

My next major downside target for XRP is at about 0.078. Regardless of whether or not a rally emerges, I think the recession will take BTC and crypto lower, and XRP should eventually reach that target.

— MAGIC (@MagicPoopCannon) April 1, 2020

Summing it Up

As the entire crypto markets experience impressive 24-hour gains, it is worth remembering that the global economic environment has been adversely affected by the Coronavirus. Therefore, the majority, if not all of the world economies, will need some form of intervention from their respective Central banks to avert a full-blown recession. Some traders believe we are already in a recession worse than the 2008 crisis and thus all our favorite cryptocurrencies will also be affected by the economic decline.

In the case of XRP, the coin has managed to bounce back from what looked like a certain decrease in value. The coin is currently trading at $0.1766 and looks set to maintain current levels or continue on a bullish trajectory. As always, traders are advised to set appropriate stop losses to defend their various positions against losses.

(Feature image courtesy of Simon Connellan on Unsplash.)

Disclaimer: This article is not meant to give financial advice. Any additional opinion herein is purely the author’s and does not represent the opinion of Ethereum World News or any of its other writers. Please carry out your own research before investing in any of the numerous cryptocurrencies available. Thank you.

First posted at http://feedproxy.google.com/~r/BitcoinIndependentNewsAndBlog/~3/mQnFWnZu9zU/

Crypto New Media Press

The Russian Telegram Open Network (TON) blockchain its gram cryptocurrency experienced a massive legal setback with a fresh injunction granted by Southern District of New York Judge P. Kevin Castel which agrees with the U.S. Securities and Exchange Commission (SEC), that TON’s plans amount to the distribution of securities, and require compliance with section 5 […]

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First posted at http://feedproxy.google.com/~r/BitcoinIndependentNewsAndBlog/~3/qViOpxPeg3U/

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The post Impact insights – multiply impact appeared first on Crypto New Media.

First posted at https://ethereumworldnews.com/binance-news-update-otc-trading-fiat-on-ramp-s-a-rand-and-flexible-deposits-ltc-trx/

In brief:

• The team at Binance has made 3 major announcements in less than 24 hours. 
• Firstly, Binance launched a new Fiat on-ramp for the South African Rand (ZAR). 
• Secondly, the team launched a new OTC trading portal. 
• Thirdly, flexible deposits are now available for Litecoin (LTC) and Tron (TRX).

The last 24 hours have been an eventful period in both the crypto markets and at the popular exchange of Binance. To begin with, the crypto market capitalization has gained approximately $10 Billion, rising from $175 Billion to $186 Billion in the same time period. Bitcoin (BTC) is currently trading at $6,655 after bouncing off the $6,200 support zone. With respect to the crypto exchange of Binance, the team has consistently made valuable additions to the products and services offered by the platform.

Fiat On-ramp for the S. African Rand (ZAR)

Firstly, the team has announced that the platform now supports the transfer of Rands (ZAR) via bank transfer (EFT). This will enhance how users from South Africa deposit fiat on the platform. Additionally, the exchange has added 5 trading pairs denominated in the ZAR.

• BTC/ZAR
• BNB/ZAR
• ETH/ZAR
• USDT/ZAR
• BUSD/ZAR

Deposits of ZAR are available with immediate effect. However, withdrawals will be active from 9th April, 6am (UTC + 2).

New OTC Trading Portal

Secondly, the team has announced the launch of an OTC trading portal. The service is live with users having the opportunity to receive a request for quotation (RFQ) for trades that are quickly settled directly to their Binance accounts.

However, the minimum trade size is the equivalent of 10,000 USDT. 25 digital assets are currently supported with users having to complete level 2 KYC verification.

TRX and LTC Added to Flexible Deposits

Thirdly, the exchange has added Tron (TRX) and Litecoin (LTC) to the list of supported assets on flexible deposits. This is a value-added service for Binance users who hold idle assets on the platform. Such funds can be lent out to users and the owners earn interest as a result.

Slight Price Increment of Binance Coin (BNB)

As earlier foreshadowed, the price of BNB in the crypto markets has experienced a huge boost from a recent low of $12. It is now valued at $12.77 and looks set to keep moving up as the day progresses.

(Feature image courtesy of Roman Kraft  on Unsplash.)

Disclaimer: This article is not meant to give financial advice. Any additional opinion herein is purely the author’s and does not represent the opinion of Ethereum World News or any of its other writers. Please carry out your own research before investing in any of the numerous cryptocurrencies available. Thank you.