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Ethereum Price Technical Analysis – ETH/USD Declined Below $1275

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Key Highlights

  • ETH price was under a lot of pressure and it declined below the $1300 and $1275 supports against the US Dollar.
  • There are two bearish trend lines forming with resistances at $1276 and $1320 on the hourly chart of ETH/USD (data feed via SimpleFX).
  • The pair is currently recovering, but it could face sellers near the $1276 and $1290 levels.

Ethereum price made a downside move against the US Dollar and Bitcoin. ETH/USD is now well below $1300 and is currently in a bearish zone.

Ethereum Price Resistances

Yesterday, we saw how there was an increase in the bearish sentiment from $1374 in ETH price against the US Dollar. The price started a new downside wave and moved below a couple of important support levels such as $1320 and $1300. Moreover, there was a break below a crucial support around the $1276 level and the price settled below the 100 hourly simple moving average.

The decline was major as the price traded towards the $1200 level. A low was formed at $1200.57 from where the price started an upside correction. It has moved above the 23.6% Fib retracement level of the last drop from the $1374.70 high to $1200.57 low. However, there are many resistances waiting on the upside around the $1276 and $1300 level. There are two bearish trend lines forming with resistances at $1276 and $1320 on the hourly chart of ETH/USD. The first trend line is also near the 50% Fib retracement level of the last drop from the $1374.70 high to $1200.57 low.

Moreover, the $1300 resistance is near the 100 hourly simple moving average. Therefore, any major upsides may probably find sellers staring $1276 up to $1320. On the downside, the recent low of $1200 is a crucial support.

Hourly MACD – The MACD is gaining momentum in the bearish zone.

Hourly RSI – The RSI is currently well below the 50 level.

Major Support Level – $1200

Major Resistance Level – $1300

 

Charts courtesy – SimpleFX

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Google Reportedly Blacklists ‘Ethereum’ as a Google Ad Keyword

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Google (Alphabet Inc.) has reportedly blacklisted keywords mentioning Ethereum (ETH) on its advertising platform Google Ads, smart contract auditing startup Decenter tweeted on Jan. 10.

The official Google Ads account replied to the tweet stating that cryptocurrency exchanges targeting the United States and Japan can be advertised on the platform, and that targeting other countries could be the reason for the ad rejection.

When Decenter explained that they are a group of developers doing smart contract security audits and that they were seeing the error message when trying to use the “ethereum development services” and “ethereum security audits” keywords, Google Ads’ official account answered:

“Although we wouldn’t be able to preemptively confirm if your keyword is eligible to trigger ads, we’d recommend that you refer to the ‘Cryptocurrencies’ section of our policy on Financial products and services.”

When Decenter asked the Ethereum community on Reddit in an open query about the alleged Google Ads policy changes, the team specified that:

“Any of the keywords that contain “ethereum” in our campaigns are no longer showing ads as of January 9th and are now reporting the following error.”

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Ethereum Developers Launch World’s Fastest Blockchain Explorer, EnjinX

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Ethereum

Ethereum development team, announced the release of EnjinX, an ad-free universal blockchain explorer designed to make Ethereum data more accessible to mainstream markets. By delivering a Google-like experience, the new blockchain search engine provides users with an intuitive way to search transactions, tokens, and addresses. It features a clean and intuitive interface, providing traders, gamers, and token holders a simple way to explore the Ethereum blockchain.

Featured on Product Hunt, EnjinX is the world’s fastest Ethereum explorer by up to 30 seconds. It delivers blocks in real-time and even displays live tickers for pending and internal transactions. To protect users from cluttered messaging and promotional fatigue, Enjin has pledged to keep EnjinX ad-free permanently. Rather than taking advantage of user attention, the team plans to generate revenue by offering robust developer APIs and blockchain integration tools that further boost adoption of the Ethereum Network.

EnjinX’s real-time token index delivers the latest data for the top 200 tokens, making it the best place to view current prices, volumes, and market caps for ERC-20 tokens. The innovative explorer also features human-friendly address labels that attach names to well-known blockchain addresses, making browsing, searching, and contextual research even easier.

Optimized for smartphones and tablets, the new “Google search of blockchain” offers a personalized experience that allows users to choose between different themes, night and day modes, and currencies. The platform also supports over 20 languages, so users from across the world can explore Ethereum in English, Chinese, Spanish, Korean, and even Pirate English.

Fully licensed to operate in China, EnjinX will provide native Chinese translations and has servers residing within Chinato improve performance. The service is fully compliant with all laws and regulations, so Chinese developers will be able to use EnjinX services directly in China, without fear of the tools they rely on being shut down by the government.

EnjinX will soon be upgraded include support next-generation ERC-1155 and legacy ERC-721 token standards, enabling users to browse blockchain assets ranging from gaming items and collectibles to digital art and even blockchain-based books. In the future, the team will also launch full support for Bitcoin, Litecoin, and Dogecoin, along with a powerful REST API that delivers live blockchain data to apps, websites, and smart devices.

Enjin specializes in developing tools to support Ethereum-based applications. In addition to EnjinX, they have launched a critically acclaimed cryptocurrency wallet and are building development tools that simplify blockchain integration into games, apps, websites, and smart devices. Ethereum-based ERC-1155 tokens are currently being integrated into 29 games using the Enjin Platform.

Unity Technologies has announced plans to list Enjin’s Blockchain Software Development Kit (SDK) on the front page of their Asset Store. As the world’s largest game development platform, Unity’s listing of the Blockchain SDK will enable 4.5 million Unity developers to mint ERC-1155 tokens and manage complex gameplay mechanics through transactions on the Ethereum blockchain.

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TRON Hires Finance-industry Vet As New Head Of Compliance

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Tron project

TRON Inc. hired David Labhart, a seasoned regulatory industry executive, as its first head of compliance to help navigate blockchain’s interaction with world financial authorities, the company announced today.

TRON, one of the 10 largest cryptocurrencies in the world, is committed to working with regulatory agencies and other financial authorities and developing blockchain, peer-to-peer and other technologies in a responsible way, said Justin Sun, TRON founder and CEO.

“As the cryptocurrency space matures, investors and regulatory agencies around the world must trust that TRON has a forward-thinking and stable growth trajectory that doesn’t run afoul of any regulatory requirements,” Sun said.

Labhart, who also will serve as TRON co-general counsel, has extensive legal and regulatory experience, with nearly 15 years in the securities industry. He spent nine years at the U.S. Securities and Exchange Commission, including time as a Supervisory Attorney in the Office of Compliance Inspections and Examinations focusing on Broker-Dealers, Investment Advisors, Self-Regulatory Organizations.

While there, he developed an expertise in emerging risks and technology, including cryptocurrency, blockchain and high frequency trading.

“Joining TRON is the perfect progression in a career driven by a passion for the frontier of financial industry; where technology meets regulation,” Labhart said. “Blockchain and cryptocurrency are the next step in the evolution of the world’s financial system, and I’m excited about Justin’s passion and long-term view of the benefits and potential impact of this new technology.”

Labhart joins TRON from S&P Global Ratings, where he managed North American compliance and advised on regulatory issues, including the regulatory implications of blockchain, artificial intelligence and cloud computing.

He started his career at the law firm Wilmer Cutler Pickering Hale and Dorr, where he handled high profile internal investigations, SEC enforcement actions and securities litigation. Labhart is scheduled to speak Jan. 18 at niTROn summit in San Francisco on the future of cryptocurrency and regulation in the US.

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Virtual Currencies To Go Down as ‘Load of Nonsense,” Says ECB’s Hansson

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Napston

Crypto currencies will probably die as a “complete load of nonsense,” according to European Central Bank policy maker Ardo Hansson.

“The bubble has already started to collapse and maybe we should just see how far this collapse goes, and what is left when we’ve reached a new kind of equilibrium,” the Estonian central-bank governor told a conference in the Latvian capital of Riga. “I think we will come back a few years from now and say how could we ever have gotten into this situation where we believed this kind of a fairy-tale story.”

Still, Hansson warned that authorities may need to focus on investor-protection aspects “if grandmothers start investing in that,” and highlighted concerns that crypto currencies can be used for illegal activities. Financial-stability issues may arise if links between virtual assets and the regulated financial sector are starting to increase, he added.

While Hansson has voiced similar views earlier, the country’s financial watchdog warned recently that it views companies providing services linked to crypto assets as a new source of money-laundering risks. The nation’s police issued almost 500 licenses to crypto-currency exchange providers in a year, and more than 440 licenses to companies offering a wallet service. A frontrunner in digital services, Estonia is still reeling following the $235 billion dirty-money scandal that has engulfed the country’s branch of Danske Bank A/S.

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Announcing an Ethereum Foundation Grant to Parity Technologies

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Ether coins

The Ethereum Foundation is thrilled to announce a scalability, usability and security grant of five million dollars (USD) to Parity Technologies. For several years, Parity Technologies has been an invaluable member of the Ethereum ecosystem for their leadership in core development efforts, their Parity Ethereum client and more. Their work has continued at a blazing pace. At Devcon4 in Prague, Parity team members presented their plans to develop a Serenity implementation, exampling an exciting direction for the years ahead.

By all metrics, Parity is a major technical contributor to the Ethereum project, and they’ve notably done so as a self-financed and open-sourced effort since their founding.

The Ethereum Foundation is committed to funding teams and individuals building the common infrastructure around scalability, usability and security. To that end, we couldn’t think of a more applicable fit for a grant given Parity’s constant push to raise the technical bar and their pinpointed focus on next generation advancements like proof-of-stake, sharding and WebAssembly.

We have been delighted to see our ecosystem rally around and support technical merit and value alignment, and we are devoted to using our resources to further this mission too. We do so responsibly through milestone-based grants to projects, both large and small, commensurate with the potential impact of their work.

This grant will fund Parity’s work on Casper, sharding, light clients, developer tools, QA, audits and infrastructure improvements. Funding will be delivered in several tranches, the first of which supports development that Parity has already completed. Others are contingent upon reaching explicit milestones which include:

  • The completion of eWasm compatibility work
  • Shipping a light wallet for mainnet.
  • The successful completion of Phase 0 and Phase 1 of sharding.

We are grateful for Parity Technologies’ hard work and commitment to Ethereum, and we hope that this grant serves as a reminder of how much they have already contributed, as well as an indicator of an exciting future. Please join us in congratulating Parity Technologies on receiving this major Ethereum Foundation grant.

Ethereum Foundation Team

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Bitcoin SV (BSV) Logo Unveiled for Rebirth of Original Bitcoin

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bch-clouds

The bComm Association unveils an updated logo for Bitcoin SV (ticker: BSV), chosen from public voting after three Twitter polls in a new form of decentralized marketing. The BSV logo is revealed on the 10th anniversary of the Bitcoin genesis block, to mark Bitcoin SV as rebirth of the original Bitcoin. A modernized update of the cryptocurrency’s classic logo, the new design reflects Bitcoin SV’s roots, while leading a new era for Bitcoin to professionalize.

Emerging from the November 15, 2018 contentious hard fork of Bitcoin Cash, BSV is dedicated to preserve Bitcoin’s original design. Named for the “Satoshi Vision” of Bitcoin’s creator Satoshi Nakamoto, Bitcoin SV’s mission is focused: restore the original Bitcoin protocol, keep it stable, and allow it to massively scale. Unlike paths chosen by Bitcoin Core (BTC) and Bitcoin Cash ABC (BCH/BAB), BSV’s roadmap will achieve the world’s new money used by billions of people, and the global public blockchain upon major enterprises can confidently build.

With modernized features, the new BSV logo conveys that Bitcoin is ready to grow up:

  • The B symbol is cleaner and stands upright rather than tilted forward or backward.
  • “Bitcoin SV” characters also stand upright.
  • “Bitcoin” begins with a capital B, rather than lower case.
  • “SV” appears in superscript – reflecting Satoshi Vision as the way forward, while keeping emphasis on the name Bitcoin.
  • The design color uses “dragon gold”, honouring the dragon logo of the Bitcoin SV full node implementation which birthed BSV.

This BSV logo was chosen after three Twitter polls of numerous design options developed by the bComm Association.The first-ever organization dedicated to bCommerce (Bitcoin commerce), the bComm Association brings together developers, merchants, exchanges, miners and other Bitcoin network participants. bComm Association supports Bitcoin SV as the only stable, scalable blockchain that can achieve a world of bCommerce.

nChain’s Jimmy Nguyen, Founding President of the bComm Association, remarks:

“Today marks 10 years since the birth of the Bitcoin blockchain, and this date has more importance now than ever. After too many years of wasteful diversions from the Satoshi Vision, we can now finally celebrate Bitcoin’s rebirth – unchained from experimental whims of developer teams who veered away from Satoshi’s original plan. The new BSV logo represents this pivotal moment for Bitcoin to grow up. In the spirit of Satoshi Vision, we are especially thrilled that BSV supporters around the world chose this logo after multiple rounds of online polling in a new paradigm of decentralized marketing.”

Though Bitcoin SV remains a decentralized cryptocurrency system, the bComm Association will now urge the global Bitcoin ecosystem to adopt this new logo for BSV.

Nguyen adds:

“The Bitcoin SV Node is now the reference implementation for the BSV protocol. To differentiate the full node implementation from the BSV cryptocurrency, the Bitcoin SV Node team at nChain intends to keep its dragon logo for the time being. Occupying the 5th position in the Chinese zodiac, the dragon is the mightiest of the signs. It symbolizes leadership, ambition, good fortune, energy, and independence – perfect qualities for a reference implementation to lead Bitcoin to its destined world-changing future.”

In just over one month since emerging as a separate chain and token, the Bitcoin SV ecosystem has quickly grown. More than 50 exchanges now list BSV. Numerous wallets have announced exclusive support for BSV – including the user-friendly and popular CashPay, CentbeeHandCashhivr, and Pixel Wallet. Top Bitcoin applications Keyport TVMoney ButtonYours.org, and others have moved exclusively to BSV. And BSV even has a dedicated tokenisation protocol in Tokenized. For a more comprehensive list of Bitcoin SV services, applications, and developer tools, please visit https://bitcoinsv.io/services/.

For 2019, the bComm Association is dedicated to support technical efforts for massive on-chain scaling of the Bitcoin SV blockchain. BSV has already seen the world’s largest blocks – 65 and 64MB – ever mined on a public blockchain. The bComm Association will work with the BCH Professional Stress Test team, nChain and others to further test the BSV blockchain’s throughput capacity, and demonstrate Satoshi Vision is the correct roadmap to much bigger blocks and big enterprise use.

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Paytomat Adds Bitcoin Diamond (BCD) to Supported Currencies

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Bitcoin Diamond

Bitcoin Diamond (BCD) will be the newest addition to Paytomat’s point-of-sale (POS), wallet, and settlement system (including both crypto-to-crypto and crypto-to-fiat settlements). This follows the November 2018 announcement of BCD & Paytomat’s collaboration to release the BCD Pay Wallet for iOS and Android, due for release in January 2019.

Paytomat has a rapidly growing user base across Europe, with presence in countries such as GeorgiaItalySpain and the Netherlands, in addition to its native Ukraine. BCD and Paytomat’s partnership will help to increase BCD’s accessibility and usability in many areas of the world, making this an important milestone for BCD’s path to mass-market adoption.

Known for its fast transactions, low fees, high security, and affordable coin prices, BCD is designed to make everyday transactions practical. Now that Paytomat has added BCD to its ready-to-install cryptocurrency point-of-sale system, any e-commerce or brick-and-mortar business can also accept BCD as payment with minimal effort and initial investment.

Furthering its mission of adoption, BCD is also being added to the Paytomat Wallet, a convenient multi-coin tool that allows for storage and management of assets all in one secure app. Customers can now hold BCD and other crypto assets all in one place and make instant payments at their selected stores, while receiving current fiat value updates for each crypto.

BCD and Paytomat share a goal of bridging the gap between retail and cryptocurrency. With the practicality of BCD and convenience of Paytomat’s suite of technologies, accepting cryptocurrency payments is quickly becoming a reality for a large number of traditional and e-commerce merchants around the world.

In 2019, BCD aims to continue establishing partnerships with leading cryptocurrency organizations to increase brand awareness and encourage adoption.

About Bitcoin Diamond (BCD)

Bitcoin Diamond is a Bitcoin fork that was created to solve the slow transaction confirmations and high threshold requirements of Bitcoin. Through BCD Pay, business owners are able to offer their products to a global market without needing to absorb expensive fees from international payments. Furthermore, with BCD Pay, business owners do not have to worry about costly chargebacks from indecisive or fraudulent customers.

Earlier this year, BCD debuted BCD Bazaar, an international marketplace that gives customers access to a wide range of products from across the world by accepting payments in Bitcoin Diamond (BCD) or Bitcoin (BTC).

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Irish Government Gives Green Light to Anti-money Laundering Bill

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Irish Government

Irish Government has approved tougher laws to tackle money laundering, including the use of cryptocurrencies in funding terrorism. The main purpose of the Criminal Justice (Money Laundering and Terrorist Financing) (Amendment) Bill 2019 is to give effect to the fifth EU money laundering directive and strengthen existing legislation.

The proposed law includes restrictions on the use of “virtual currencies for terrorist financing and limiting the use of pre-paid cards” and improves safeguards for financial transactions to and from “high-risk third countries”.

If the Bill passes, banks and other financial institutions will be required to carry out stricter due diligence before taking on new clients. Credit and financial institutions will also be prevented from creating anonymous safe deposit boxes.

The Bill also gives new powers to the Garda and the Criminal Assets Bureau to access bank records when investigating money laundering.

“The reality is that money laundering is a crime that helps serious criminals and terrorists to function, destroying lives in the process,” Minister for Justice Charlie Flanagan said in a statement on Thursday.

“Criminals seek to exploit the EU’s open borders and EU-wide measures are vital for that reason. Ireland strongly supports the provisions in the fifth EU money laundering directive. ‘’

The Minister said the Government is building “a very robust legal framework and further developing vital expertise within An Garda Síochána.

“My message to criminals is clear: those engaging in corruption or money laundering in Ireland will not get away with their crimes.”

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Official Statement on CoinMetrics Report

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Crypto Wallet

On December 23, 2018, CoinMetrics released an article purporting a recent discovery concerning the Bitcoin Private fork. Per the report, an independent third-party technical audit uncovered that a large quantity of Bitcoin Private coins (approximately 2 million BTCP) were allegedly created during the fork-mine. Upon public release of the article, our Core Team of developers immediately launched an investigation to ascertain whether or not the alleged findings of an additional amount of BTCP coins were true. It should be noted that the BTCP Contribution Team had no prior knowledge of these reports before they were released to the public.

After performing our own due diligence, Bitcoin Private can officially say with certainty that these findings are mathematically accurate. However, at this time, the source, purpose, and recipient of this exploit is currently unknown to the Bitcoin Private Contribution Team.

What Really Happened?

Per the findings of our internal audit, the following is an accurate timeline of events pertaining to the underlying issue set forth in the CoinMetrics report:

  1. A bounty for a specific issue was posted, which can be seen here: https://github.com/BTCPrivate/BitcoinPrivate/issues/3
  2. A developer accepted the bounty, becoming a BTCP developer. He was promoted to a contributor on GitHub, allowing him to merge pull requests.
  3. The developer completes the issue, merges his own code, and is sent his reward. One line of code is missing which allows the fork mine to be exploited due to the nodes not properly verifying the falsified fork blocks. The code can be found here and was merged on January 5: https://github.com/BTCPrivate/BitcoinPrivate/pull/27/files#diff-7ec3c68a81efff79b6ca22ac1f1eabbaR3363. The missing line of code is as follows: || tx.vout.size() > 1. We determined this after the CoinMetrics report was released.
  4. After collecting the bounty, the developer in question stopped working on the BTCP project. The contribution team has not heard from him since January. We have reached out to him for comment.
  5. During the publicly announced fork mine, a bad actor exploited this bug, creating 2 million coins. It went unnoticed by the contribution team until it was uncovered by CoinMetrics.
  6. Coinmetrics notices something is not correct with the supply. They investigate and uncover the exploit.
  7. BTCP Contribution team begins it’s own investigation to uncover the bad actor and determine the best way to move forward.
  8. BTCP Contribution team requested for deposits and withdrawals to be closed on exchanges trading BTCP.

The fundamental benefit of open source development is that ability for contributors of the community to to view and help fix the code. This worked in favor of Bitcoin Private when a particular developer discovered an exploit in our code that would have allowed anyone to mine the SegWit coins, which we were able to patch within 24 hours. Unfortunately, however, open coursedevelopment has its negative attributes as well: the person who discovered the fork-mine vulnerability acted in bad faith and willfully opted not to report it. As the code was open source, and the fork-mine was announced on Twitter, anyone with sufficient blockchain development knowledge could have exploited it.

Bugs are something we dealt with significantly during the month of February leading up to the fork. Much of the code work performed in January was by open source developers who wrote their code, collected their bounty, and subsequently left the Bitcoin Private Development Team. After performing extensive code review in late January in preparation for the BTCP fork, a number of bugs were uncovered and rectified before the fork occurred in the best interests of protecting community members and the project itself. One such bug that was resolved was a serious issue found within the original 2-way replay protection code which took weeks to fix. While we regret that all the bugs in Bitcoin Private source code were not discovered prior to the fork, technological instances such as this are common in this space, and it is unfortunate that the bug was not remedied in time despite the diligent efforts put forth by the entire Bitcoin Private development community.

The Bad

Unbeknownst to Bitcoin Private, approximately two (2) million BTCP coins that were never intended to exist on the blockchain chain were created and moved to a shielded address. According to CoinMetrics, as much as 300,000 illegitimate BTCP were deshielded, though it is unclear at this time if these coins were sent to an exchange or used/stored elsewhere.

The Good

While it is not beneficial for a bug such as this to exist, in the case of Bitcoin Private, this particular exploit could only be taken advantage of during the fork mine, which already occurred earlier this year. Therefore, it is impossible for this particular bug exploit to occur again, nor can it be further exploited.

Who Did It?

Because the fork mine was public, anyone with a sophisticated working knowledge of blockchain development could have exploited the code bug. At this point, the only thing we can be sure of is that the BTCP Contribution Team did not know about the exploit until it was uncovered by CoinMetrics.

We have contacted HitBTC about the situation and are hopeful that the bad actor might be uncovered. The CoinMetrics team has been included in this email for full transparency. We are hopeful that with their forensic expertise in blockchain, we will be able to find the bad actor, expose them, and report them to the proper authorities. If suggested by CoinMetrics, we are willing to contact any and all exchanges as needed to uncover the truth of the matter.

What Else Can We Do?

While the coins exist, we do have options to fix this. We have come up with two potential plans and would like to hear community feedback on the options:

  1. CoinMetrics has stated they believe less than 20k legitimate BTCP coins exist in shielded addresses along with 1.7–1.8 million illegitimate coins. Our team is favoring an option to hard fork and remove all shielded coins from existence. While this would cause the 20k legitimate coins to disappear, we believe this is preferable to the alternative of leaving the 1.7–1.8 million illegitimate coins in circulation. This would also fix the over-supply issue.
  2. We could perform a hard fork to remove all unmoved coins, which we believe to be greater than 12 million BTCP. This would fix the supply issue, but would not remove the illegitimate coins.

WE INTEND TO PROCEED WITH CODING OPTION #1 IMMEDIATELY. If we see consensus from the community on moving forward with this option, then the hard fork will be coordinated and initiated as soon as possible. It is possible that the bad actor could begin moving those coins out of the shielded pool to avoid their destruction. In a worst case scenario, we could use a snapshot of the chain just prior to deshielding the 1.7 million coins and roll the chain back in time. We hope we will not have to do this but will continue to monitor the chain. In the meantime, we request that all exchanges close deposits and withdrawals of BTCP to mitigate any damage that could be done to the network. WE ALSO SUGGEST THAT ALL USERS PROCEED WITH CAUTION NOW WHEN MOVING COINS.

Bitcoin Private wants to officially thank the CoinMetrics team for uncovering the exploit. We have opened a line of communication with CoinMetrics with the intentions of working in concert to uncover more about what transpired and how to we can prevent anything like this occurring in the future. Not just for Bitcoin Private, but for the cryptocurrency community as a whole.

Bug Bounties

We want to remind the community that the BTCP Contribution Team rewards users for finding bugs in the code and reporting them, with the reward reflective of the severity of the exploit. We encourage the Blockchain Community and the general public to report any potential bugs or exploits to [email protected] or through our GitHub repo: https://github.com/BTCPrivate.

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Upcoming Crypto Exchange BitinterPay Enters the Global Market with Exciting Features for Users

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BitinterPay, a safe and user-friendly cryptocurrency exchange, is all set to take the global crypto market by storm. This advanced ecosystem has been designed to encourage and create opportunities for everyday use of cryptocurrencies by integrating with the mainstream financial sector, using features such as mobile banking, prepaid cards, payment processing, etc.

BitinterPay is pleased to announce that their just-developed cryptocurrency exchange is now up and running. This user-friendly, reliable and licensed exchange not only allows users to purchase and sell cryptocurrency for fiat money, but also provides additional services for the storage of different cryptocurrencies in a multi-currency purse without needing to pass through any additional verification.

BitinterPay is the brainchild of a team of crypto experts dedicated to ensuring seamless integration of the emerging crypto economy with the mainstream financial market and creating opportunities for ordinary people to use cryptocurrencies in their daily lives. With this goal in mind, the team has successfully created an ecosystem where individuals can freely use and convert digital assets and cryptocurrency, as well as storing and withdrawing their crypto assets safely.   

“Our mission is to create the financial ecosystem of a new generation by taking the best from modern banking and blockchain technologies,” said a senior spokesperson from BitinterPay. “Our platform is fast, convenient, secure and as affordable as using a smartphone and the internet.”

The services available currently at BitinterPay are

  • A secure crypto wallet supporting multiple currencies including Bitcoin, BitcoinCash ABC, and Litecoins. Ethereum and Ripple will be added in the next update. 
  • Quick purchase of cryptocurrency by credit card, no registration required—just a simple and automated verification.
  • Quick sale of cryptocurrency without depositing funds to a trading account, and with direct withdrawal to credit cards and other payment systems such as Payeer or AdvCash.
  • Instant exchange or crypto-swaps between a large numbers of cryptocurrency pairs.

The company is in the process of developing a key feature that will make the exchange capable of supporting fiat-to-crypto pairs and a wide range of trading tools. They are also working on a new feature for wallets that will allow users to buy stable coins for a flat rate, store them and make transfers.

BitinterPay

With hundreds of exchanges coming up around the world, BitinterPay stands apart by delivering a range of key advantages:

  • A completely legal and licensed platform. BitinterPay is guided by the laws of Estonia, the European Union, and other authorities that regulate cryptocurrency relations.
  • Ease of use. BitinterPay offers all site functionalities and tools on a simple, user-friendly and supported platform. All user requests are processed quickly and efficiently.
  • Practical. BitinterPay allows the sale and purchase of cryptocurrency for USD and EUR, from more than 50 countries.
  • Quick. It takes around 10 minutes to pass verification and make a purchase
  • Convenient. It supports existing payment systems (Payeer, Credit Card, AdvCash).
  • Mobile. It’s available as an advanced mobile app for Android as well as iOS.
  • Secure. End-to-end security measures are in place to ensure that users’ funds and private information are completely protected.

To find out more about this new crypto exchange, please visit https://BitinterPay.com/

About BitinterPay: BitinterPay is a reliable, easy-to-use, licensed crypto exchange. BitinterPay is registered and operates in accordance with the laws of Estonia. This exchange gives users the opportunity to purchase and sell cryptocurrency for fiat money, as well as providing services for storing cryptocurrency in a multi-currency purse without passing verification.

Website: https://BitinterPay.com/

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