Binance Coin [BNB] Trades at $31 After Binance’s Release of 2.0 Treasure Tweet

One of the largest crypto exchange, Binance shared a mysterious tweet on May 21, 2019. The tweet didn’t reveal anything than just 2.0 written on the image shared. The buzz of 2.0 certainly led the Binance Coin (BNB) records higher than $30 against the US Dollar.
At the time of writing, Binance Coin is valued $31 against the US Dollar which comes after the surge of 10.02 percent over the past 24 hours. Nevertheless, the data provided by Coinmarketcap (CMC) shows its average market cap at $4,442,342,500.
Image Source – Coinmarketcap
The rise of over 10 percent in BNB’s trading volume within just 24 hours made it the hottest cryptocurrency among the 10 largest coins of CMC.
Also read – Binance Replaces ERC20 BNB Tokens with Native BEP2 Tokens
BNB’s new volume comes after the mysterious tweet shared by Binance exchange on May 21, 2019. The exchange just tweeted a photo of 2.0 and created a lot of buzz across crypto twitter. Although it revealed a couple of other updates on its Twitter handle nothing much about 2.0 tweet disclosed.
Looking at the exciting tweet of Binance, a crypto community hit comments with their anticipations. Nevertheless, CEO of sports blockchain platform Chiliz, Alexandre Dreyfus commented ‘That’s a bigger teaser than GOT season 8″. Moreover, many predict margin trading while others compare it with Bitconnect 2.0 update.
Looking at BNB/USD value, Binance Coin has performed truly remarkable – even after the exchange has recently suffered hack incident.
On top of all, if the bullish sentiment of BNB persists, it is definite that the price will increase up to $40. Nevertheless, it is also worth to mention that BNB is presently the 7th largest cryptocurrency with $4,442,342,500 market cap –and if the volume continued spiking, it will soon overtake Litecoin (LTC) which is presently valuing as the 6th largest cryptocurrency with the market cap $5,699,320,917.
Image source – coinmarketcap
What’s your view on Binance’s mysterious tweet of 2.0.? Do you think the tweet quickly help Binance Coin (BNB) performs well within 24 hours.? Let us know in the comment below
Featured image source  – binance
The post Binance Coin [BNB] Trades at $31 After Binance’s Release of 2.0 Treasure Tweet appeared first on Coingape.
Source: CoinGape

Tether Admits Using Part of its Reserves to Buy Bitcoin and other Assets

More details are emerging about embattled Tether following the lawsuit against the crypto project and Bitfinex. In the latest update, Tether has admitted to investing some of its reserves in Bitcoin. This came from the lawyer of the company who revealed it in a transcript of the court proceedings.
Before April 24th
Tether and Bitfinex were sued by the Attorney General of New York on the 24 of April after court documents were issued stating that Bitfinex used some reserves of Tether USDT to cover up for $850 million of users’ funds that were lost on the exchange. Counsel to Tether David Miller in court on the 16 of May admitted that Tether actually used some its reserves to invest in Bitcoin and other assets. The transcript of the hearing reads:
“Prior to the April 24th order … Tether actually did invest in instruments beyond cash and cash equivalents, including bitcoin, they bought bitcoin.”
Also Read: Tether only 74% Backed By Cash And Equivalents: Tether Lawyers
The good news for Tether, however, is that the presiding judge, Judge Joel M. Cohen granted it the permission to invest its reserves in other assets as part of its operations. The judge however issued a court injunction with the following orders, which is to last for 90 days. It says Tether shall not:
“Restrain access to credit lines on USD reserves held by Tether
Principals, executives, and agents of Bitfinex shall not receive distribution or dividends from funds received from Tether
Not tamper with the documents that NYAG originally requested”
The NYAG, however, can file for an extension of the injunction for up to 14 days.
What is next for Tether?
With this revelation, another new information has surfaced concerning the controversial stablecoin. The revelation is also a pleasant surprise for Bitcoin fans as it shows Bitcoin is becoming an investment in the places where such is least expected. What is next for Tether and what will be the next revelation on the stablecoin?
The post Tether Admits Using Part of its Reserves to Buy Bitcoin and other Assets appeared first on Coingape.
Source: CoinGape

Bitcoin SV [BSV] Up 100%; Craig Wright Makes Another Attempt To Cause FOMO?

Craig Wright has filed a copyright registration for the original Bitcoin [BTC] whitepaper. The controversy surrounding Satoshi’s real identity and Craig Wright’s claims had reached its height on Twitter when Binance decided to #delistBSV.
Now, Wright has made another attempt to cause FUD and FOMO in the market by filling a registration with the U.S. Copyright Office supporting his claims of authorship Bitcoin’s whitepaper.
Also Read: Vitalik and Hoskinson Support #DelistBSV, But Concerned About Centralization of Cryptocurrency Exchanges

Craig Wright filed a copyright registration for the Bitcoin whitepaper
— Neeraj K. Agrawal (@NeerajKA) May 21, 2019

The price of Bitcoin SV shot up by more than 100% as the news of the registration was broken earlier on 21st May 2019. The price of Bitcoin Satoshi Vision [BSV] at 13: 45 hours UTC is around $110. It touched a high of $135 a moment ago this time as the registration was being interpreted as confirmation of Craig Wright being Satoshi Nakamoto.
BSV/USD 1-Day Chart on Bitfinex (TradingView)
As noted by Jerry Brito, the Executive director of Coincenter, 
Registering a copyright is just filing a form. The Copyright Office does not investigate the validity of the claim; they just register it. Unfortunately there is no official way to challenge a registration. If there are competing claims, the Office will just register all of them.
Hence, according to the laws of copyright in the US, while the registration has been granted to Wright it does not confirm or guarantee his identity. the Copyright is granted to anyone who files with a claim.
Do you think that Craig Wright’s attempt will be more detrimental to BSV’s prices now? Please share your views with us. 
The post Bitcoin SV [BSV] Up 100%; Craig Wright Makes Another Attempt To Cause FOMO? appeared first on Coingape.
Source: CoinGape

Dash More Popular Than Bitcoin and Litecoin in Venezuela: CEO of Dash Core Group

Dash is a privacy-focused cryptocurrency, aimed towards providing low-cost remittances around the world. The Dash Core team under CEO Ryan Taylor, responsible for the development and adoption of Dash has made a lot of progress in Venezuela. They have made it their primary focus as they continue to offer other low-cost solutions to improve the technology infrastructure in Venezuela.
Recently, in an interview with Fred Schebesta of Crypto Finder, Ryan noted that,
“Dash is actually used more often at the point-of-sale in Venezuela than Bitcoin and Litecoin combined… We have two-three thousand merchants in Venezuala acception Dash.”
Dash has also been integrated by MasterCard earlier this year to provide feasible crypto-to-fiat payments. Taylor also talked about Dash integrated cell-phones which have dash wallets in-built in them. According to him, they have shipped a hundred thousand of those phones.
The Dash Core group is also establishing partnerships with existing remittance providers and financial institutions to reduce the overall cost of remittance and decrease the “monopolistic” effect of big firms in the remittance industry.
Price Surged by Almost 40% Over the Week
Dash recorded a price surge of 23% on 19th May 2019, as the price broke above resistance levels. The price of Dash at 5: 00 hours UTC on 20th May 2019 is 166.9. It is trading 10.92% higher on a daily scale.
DASH/USD Daily Chart on TradingView
Dash corrected slightly as it met resistance near $170. On a weekly scale, the price has surged over 38% as it began last week at around $125. The total market capitalization of Dash also touched $1.5 billion as it gained a couple of ranks to cement 13th position w.r.t. Mcap.
DASH/USD 1-Week Chart on TradingView
The All-Time High Price of Dash is above $1400. While it was achieved during the bubble of 2017, Dash has improved its reach and adoption tremendously.
Do you think the bull run on Dash will be back? Please share your fundamental and technical viewpoints with us. 
The post Dash More Popular Than Bitcoin and Litecoin in Venezuela: CEO of Dash Core Group appeared first on Coingape.
Source: CoinGape

BitTorrent [BTT] Ranks Under Top 40 With Gain Over 29% Growth, BitTorrent on Moon?

Justin Sun’s Bittorrent (BTT) is gaining momentum on the weekend. The coin is presently soaring with 26.76 percent over the past 24 hours which makes it the 39th largest cryptocurrency in terms of market capitalization.
To remind, Tron founder and BitTorrent CEO Justin Sun on May 06, 2019 gave bold TRX and BTT price predictions. He strongly stated BTT will be back under Top 30 and TRX be back to Top 10 in June. However, at that time, BTT was spotted at No. 50 with about $130 million.
Nevertheless, at press time, BTT entered a top 40th position and stand at the 39th spot with average trading volume $223,471,253. BTT’s volume is currently soaring with 29.78% within the past 24 hours – and the value counts $0.001054 against US Dollar.
Sun had acquired BitTorrent in the year 2018, following which, Tron foundation announced BTT airdrop for TRX holders in February and recently on May 11, the firm announced the completion of 4th BTT airdrop. Seeing the present scenario and Sun’s challenge, it looks like the founder had a quite greater plan coming for both TRX and BTT.
While BTT stepped up its position from Top 50th to Top 39th, TRX still strives to enter top 10. TRX at the moment stands at 11th spot with trading volume $1,811,010,850. Along with BTT, TRX also soared by 3.58% within the past 24 hours.
In addition, According to Sun’s tweet, BitTorrent (BTT)’s launch on Tron network will take place in Quarter 2, 2019 – the similar time when Sun predicted his TRX and BTT will enter the zone of top 30 and top 10.
Source: Twitter
While Q2 is already coming to an end, it is really exciting to see whether Sun’s BTT will be stepped up under the top 30th zone.! Stay tuned with Coingape to know more about this.
Image Source – Shutterstock
The post BitTorrent [BTT] Ranks Under Top 40 With Gain Over 29% Growth, BitTorrent on Moon? appeared first on Coingape.
Source: CoinGape

Facebook Cryptocurrency Project ‘Libra Networks’ Opens Office in Switzerland

Facebook has been highly secretive about its recent endeavor with cryptocurrency and blockchain. A more transparent approach could raise speculations in the market. Moreover, the regulations around cryptocurrency and payments have been unclear as well. Recently, the U.S. Senate Banking Committee sent an open letter to Founder Mark Zuckerberg, demanding the details about its cryptocurrency project: Libra.
Furthermore, according to the press release by Reuters, the chief executives of Facebook’s subsidiaries WhatsApp, Instagram and Messengers have been under regulatory scrutiny over privacy issues.
Reportedly, Facebook has registered the of ‘Libra Networks’ in Geneva, Switzerland. Facebook is the stakeholder of the company which aims to provide financial and technology services and develop related hardware and software, according to Reuters findings. The registration was made on 2nd May 2019 in Geneva. According to the fillings,
“investing, payments, financing, identity management, analytics, big data, blockchain and other technologies.”
Facebook has acquired trademark rights to Libra reportedly and is recruiting dozens of financial firms and online merchants.
Facebook has also been on a hiring spree for its new blockchain team that has more than 40 members from the FinTech industry. It also took a lenient stance on the advertising of cryptocurrency and blockchain projects on its giant social media platform.
Do you think that the move from the US to Europe was due to regulatory pressures? Please share your views with us. 
The post Facebook Cryptocurrency Project ‘Libra Networks’ Opens Office in Switzerland appeared first on Coingape.
Source: CoinGape

Bitfinex Officially Reveals LEO Token Trading Date, Cites Completion of $1bn IEO

The latest post by Bitfinex crypto exchange reveals that they’ll list its newly announced utility token ‘UNUS SED LEO token’ on its platform on Monday, May 20, 2019.
Although Bitfinex and Tether was the hot topic earlier due to the shortfalls of USDT funds and the lack of stablecoin feature, the growing demand for LEO token since its announcement brought the most appealing scenario for cryptocurrency exchange.
Bitfinex confirms LEO token listing via its official blog on May 17, 2019. It states that the LEO trading on Bitfinex will begin at 8:00 UTC at the start of the upcoming week, Monday, the May 20th. Initially, the token will be paired against BTC, USD, USDT, EOS, and ETH.
The platform had earlier introduced the whitepaper of its LEO utility token on May 10th and according to the reports, the exchange has completed LEO token private sale successfully. As a result, Bitfinex was able to raise one billion USDT worth of Bitcoin, USD, and USDT.
Read also – Bitfinex Confirms it Raised 1 Billion USDT Through closed IEO
At the moment, nothing more about who bought the tokens in closed fundraising campaign was revealed but it stated that the response was overwhelming.
“The overwhelming response and expedient execution of the token sale represents a new milestone for Bitfinex and the greater Blockchain community,” the post said.
As for now, Bitfinex has fortunately raised expected USDT through its Initial Exchange Offering (IE)) of LEO token. Nevertheless, the listing and trading in pairs of limited coins will commence at the start of next week.
Let us know what do you think of Bitfinex’s success of raising one billion USDT through LEO token sale.?
Image source – Bitfinex blog
The post Bitfinex Officially Reveals LEO Token Trading Date, Cites Completion of $1bn IEO appeared first on Coingape.
Source: CoinGape

John McAfee Sends Last Tweet on Ethereum Cryptocurrency, Then ‘Goes Dark’

John McAfee is the Founder of McAfee internet security firm, McAfee associates and has also authored a couple of books. He is popularly known for his unabashed honesty on Twitter.  The Crypto-Twitter community pays a lot of heed to McAfee because of his conviction towards Bitcoin and cryptocurrencies.
He is the person who has supported and speculated on Bitcoin and cryptocurrencies for a long time. In 2018, McAfee used to release his ‘coin of the week’; for a starting couple of weeks, those coins saw tremendous growth in price due to speculation.
Moreover, McAfee was highly active on Twitter, sharing things about anything and everything more often than not. However, he has decided to call it quits from the social media platform. 
John McAfee’s Famous Claims on Bitcoin Prices (Tweet)
Recently, he expressed about the distress that he has been facing from the US Government. According to him,
The IRS, using the NSA and the FBI, are harrassing my former employees (Two were given houses), my business contacts (In Mexico no less), my banks, and even my auto mechanics. I will be publishing the full audio of these harrassments soon. I invented the tech they use. I’m McAfee.
The reason for the surveillance has not been mentioned. Moreover, McAfee hasn’t been served any indictment for now that we know off. However, he unexpectedly and rather surprisingly went ‘dark’ without even sending a ‘goodbye tweet.’ The last tweet from his official account reads,
“Developing events have made it necessary for John McAfee to go dark. Please be advised that this account will be operated by staff until further notice. More details will be released in time.”
Nevertheless, his last tweet was on Ethereum, the second largest cryptocurrency by market capitalization. He chose sarcasm and satire for the tone of his tweet. It was rather disingenuous. He said,
“Folks asking my opinion of Ethereum: Well . . .. Frankly, I prefer one syllable coins and am not fond of Ethereum’s spelling. Additionally, many of my friends who hold Ethereum dress oddly. And, of course, Buterin looks underfed to me. But do not take this as investment advice.”
Also Read: John McAfee Offers to Resolve Binance Hack Incident- Will He Win With His Cybersecurity Skills?
Now that the account will be operated by staff, we can only expect official announcements and important updates from that once popular Twitter account. The crypto-twitter community has engaged a lot with him as he made some wild predictions for the crypto-market. Moreover, he also claimed that he knows and would reveal the identity of Satoshi Nakamoto. However, he backed off on that pretty soon.
Do you think McAfee’s ‘go dark’ tweet will create a negative or positive image for cryptocurrencies? Please share your views with us. 

The post John McAfee Sends Last Tweet on Ethereum Cryptocurrency, Then ‘Goes Dark’ appeared first on Coingape.
Source: CoinGape

Not Ethereum Whales But Bitcoin Price Movements Affect Ether [ETH] Prices: Report

A recent report released by Chainalysis has caused a bit of a stir in the cryptocurrency markets. According to their estimate, the ‘whale’ wallets of Bitcoin and Ethereum holds coins worth $35 billion at current prices. The number of whale wallets identified on Bitcoin and Ethereum was 448 and 396 respectively.
No. of Bitcoins held in whale accounts: 3,500,000 (approx.)
No. of Ether [ETH] held in whale accounts: 35,000,000 (Approx.)
Also Read: Bitcoin High Transaction Fees And Inflation Rate Revives the 2017 FUD Again
The numbers are alarming for an average trader as high volume Ether holders currently have 33% of total Ether [ETH] circulating in the market. However, it was observed that large volume ‘hodlers‘ do not move their cryptocurrencies much often. Kim Grauer, a Senior Economist at Chainalysis noted,
“The majority of whales aren’t traders,” she said. “They’re mostly holding.”
Chainalysis report weighing the whale movements over the years
At the New York Consensus Week, one of the biggest crypto-conferences, she addressed the more important questions of how these whales affect the prices. The report suggested that whales are practically harmless because they are mostly ‘Hodlers‘ and their sell-off or addition do not affect the demand and supply curve enough to affect the prices. She said in the interview,
“People tend to be a little spooked by these ‘whales’. However, most of the time it is just exchanges moving their coins. Identifying them was difficult.” She added, “But once we’re able to identify the whales. We didn’t actually find any correlation to price. Whale movement impact the intra-day volatility of cryptocurrencies only. “
Further, on the correlation between price movements, she said that they identified that,
“Bitcoin has a causal effect on the Ethereum prices.” The report found, “On average, a 1% increase in Bitcoin prices yesterday leads to a 1.1% increase in Ether prices today. “
Do you think that the distribution disparity will create any problem in the future? Please share your views with us. 
The post Not Ethereum Whales But Bitcoin Price Movements Affect Ether [ETH] Prices: Report appeared first on Coingape.
Source: CoinGape

Opera Plans To Support Tron DApps and TRC-20 Tokens on its Web3 Browser

Opera Software announced its intention to soon support TRON’s TRX and other TRC-standard tokens within its browser. Currently, it supports on Ethereum and ERC-20 tokens on its Dapps browser.
Krystian Kolondra, EVP at Opera, Head of Browsers noted in the announcement that,
“TRON is a popular, quickly developing blockchain with a swiftly growing dApp ecosystem. We are happy to open our browser to it,” She added  “By opening products to multiple blockchains, we are accelerating the mainstream adoption of Web 3.”
Opera launched the Web3 browser and in-built crypto-wallet in December 2018. Web3 browsers are new age browsers that enable the browser API to interact with the blockchain and smart contracts underneath it. It works like any other web browser on the top, but the data and information are actually being executed on a secure blockchain platform like Ethereum or Tron. Opera Web3 Browser plans to add support for more such blockchain platforms during this year.
This is a significant piece of news which guarantees increased adoption of Tron across all platforms. TRX instantly surged by over 6% in 4-hours. Currently, Tron is testing the resistance near its yearly high around $0.0305.
TRX/USD 1-Day Chart (TradingView)
The price of TRX at 15: 30 hours UTC on 15th May 2019 is $0.0299. It is trading 11.95% higher on a daily scale.
Also read: 888Tron Dapp displays Tron’s supremacy by clocking 25 transactions per second
Tron has more than 400 Decentralized Applications built on its blockchain. Moreover, it processes more than 3 million transactions daily. It is one of the fastest growing blockchain projects with a wide scale adoption in the entertainment and e-gaming industry. Justin Sun was also excited about the announcement. He said,
“We are excited that Opera, a mainstream browser with hundreds of millions of users, will now seamlessly support TRX and other TRON tokens,” He added”Soon, Opera users will be able to use dApps on the TRON blockchain. “
Do you think Tron will lead the blockchain-based internet in the future? Please share your views with us. 
The post Opera Plans To Support Tron DApps and TRC-20 Tokens on its Web3 Browser appeared first on Coingape.
Source: CoinGape

Ripple’s XRP and Ethereum Fight for 2nd Place Behind Bitcoin In The Wake of a Bull Run

XRP is one of the most popular cryptocurrency with a low price and seemingly high adoption with banks getting involved with it. It was the best performing altcoin in the bull run of 2017 with more than 15000% returns. Nevertheless, Ethereum has also been one of the favorite altcoin investments since its inception in 2014.
XRP Initiates Altcoin Run with Gains Over Bitcoin [BTC]
XRP added about $5 billion in the past two days as it gave Ethereum the run for the second position according to total market capitalization. The news of XRP based Exchange Traded Notes and ETPs not only promotes the trading of XRP but also clears a significantly big question on its classification as security of Ripple.
Also Read: XRP Price Surges Over 30% On All-Around Positive News, Stellar [XLM] Gains With It
Ripple Inc. is a US-based company that claims to be working on the XRP ledger to build a global network of payment and settlements. According to its CTO, David Schwartz, the current system executes payments in two steps: payment execution and then settlement with the banks, which is outdated and needs improvement. Moreover, on Ripple’s utility, he added,
Ripple is building the foundation of a “payment system” which connects the banks together. While xRapid with XRP will be used as a settlement layer on top of the system.
Ethereum 2.0 and DeFi Projects A Brighter Future for ETH
Moreover, Ethereum is one of the most popular names in cryptocurrencies as well. Due to its GPU mining history and early launch, it has become a household name in the crypto-sphere. A Twitter user, alias BTC_Macro reiterated this sentiment in a tweet,
“$ETH is like an index fund of altcoins.”
Currently, Ethereum is under development to release its new blockchain, Ethereum 2.0, which will incorporate all the existing functionalities of the blockchain on a more advanced and scalable chain. The update was recognized as a necessity, as during the bull run of 2017 serious questions rose on its capacity of executing smart contracts and transactions on a global scale.
The most important features to be implemented in the update are Proof of Stake (PoS) and sharding. Recently, Ethereum released the public test version of this chain which included staking. This is a huge shift from the inefficient Proof of Work (PoW) protocol. Nevertheless, the PoW has been responsible for the globalization and decentralization of the cryptocurrency.
Also Read: Crypto-Market Update: MCap Nears $250 Billion; Alts XRP, ETH, BNB, XTZ Join Bitcoin’s [BTC] Bull Run
Furthermore, the final phase of Ethereum 2.0 is expected to be released in 2021. However, Ethereum is also making progress in its utility and adaptability with DApps and DeFi. Decentralized Finance is a new financial system that aims to provide a plethora of financial products on an interoperable platform. According to reports, over 2 million Ether [ETH] have already been staked to build the DeFi system.
Last but not least, a rise of about 0.1 dollars on XRP corresponds to an increase of about $5 billion, while a rise of $10 on  Ethereum corresponds to a rise of approximately $1.5 billion in its market capitalization. The market capitalization of Ripple and Ethereum is around $18 billion and $23 billion respectively on 15th May 2019.
Which cryptocurrency will lead the altcoin markets, XRP, Ethereum or some other cryptocurrency? Please share your views with us. 
The post Ripple’s XRP and Ethereum Fight for 2nd Place Behind Bitcoin In The Wake of a Bull Run appeared first on Coingape.
Source: CoinGape

Crypto-Market Update: MCap Nears $250 Billion; Alts XRP, ETH, BNB, XTZ Join Bitcoin’s [BTC] Bull Run

Bitcoin [BTC] rose from $6000 to $8000 in less than a week. The gain on Bitcoin since the beginning of the month is 52.2%. Moreover, the sudden unprecedented rise made the altcoin traders wary of their investments as it continued to lose value to BTC. Altcoins traders which seemed to be losing value to Bitcoin maximalists are finally seeing green in their ledger.
Bitcoin’s rise cooled of near $8000 for the moment, the low and high from yesterday was $7621 and $8350 respectively. The price of BTC at 4: 00 hours UTC on 15th May 2019 is $8031.
XRP and XLM Continue Gaining on Consecutive Days
XRP seemed to begin the altcoin run as it gained more than 30% on Tuesday. It has continued to gain on the following day as well, as the price of XRP is trading 20.66% higher on a daily scale. The price of XRP at hours UTC on 15th May is $0.432.
XRP/USD 4-Hour Chart on Kraken (TradingView)
Stellar (XLM) which is closely related to ripple in terms of audience and vision rose with the ride as well. The price of Stellar is $0.119. It is trading 13.5% higher on a daily scale.
Ethereum, Bitcoin Cash [BCH], Litecoin [LTC]
Ethereum, the second largest cryptocurrency according to total market capitalization; it added another $2 billion to it in the past day. Moreover, Ethereum also rose w.r.t. Bitcoin [BTC] as it climbed back above 0.027 BTC.
ETH/BTC 1-Day Chart on Coinbase (TradingView)
Bitcoin Cash [BCH] and Litecoin [LTC] trading were trading at par on a daily scale. However, the rise in Bitcoin Cash [BCH] has been impressive almost equivalent to Bitcoin [BTC] as it gained almost 50% since the beginning of the month.
BCH/USD 1-Day Chart on Coinbase (TradingView)
The gain on Litecoin [LTC] has been in double digits as well. It broke above the $78 support and resistance, to trade in the $90 range.
Binance [BNB] Coin Breaks $25
Binance [BNB] coin broke above its previous all-time high as it traded above $25. The price which was looking towards the downside last week due to the hack at Binance Exchange has recovered to cement its 7th position w.r.t total market capitalization.
BNB/USD 1-Day Chart on TradingView
BNB seems to be getting resistance from the all-time high levels as it tries to break it for the third time in a month.
Tezos [XTZ], Cardano’s ADA and Tron [TRX] and IOTA Record Double-Digit Gains
Many altcoins traded in the green with double-digit gains on a daily scale. While all ‘good’ alt projects have been in the development phase in the past year, there was no specific reason for the rise of these altcoins except the bull run from Bitcoin [BTC].
Amongst the $1 billion MCap cryptocurrencies, Tezos [XTZ], Cardano’s ADA, Tron [TRX] and IOTA gained above or around 10%. ADA and TRX gained 11.6% and 10.7% on a daily scale. The price of ADA and TRX at 4: 00 hours UTC on 15th May 2019 is $0.085 and $0.0284 respectively. Furthermore, the gains on XTZ were more stupendous as its price broke above $1.6. It gained 17.4% on a daily scale.
The total market capitalization of the cryptocurrency market is closing in on $250 billion as it added about $4 billion in the past day. The dominance of Bitcoin [BTC] corrected from its yearly high of 60%, currently at 58.2%.
With the bull run in progression do you think we’ll reach 2017 highs soon or more accumulation is required? Please share your views with us.
The post Crypto-Market Update: MCap Nears $250 Billion; Alts XRP, ETH, BNB, XTZ Join Bitcoin’s [BTC] Bull Run appeared first on Coingape.
Source: CoinGape

XRP Price Surges Over 30% On All-Around Positive News, Stellar [XLM] Gains With It

XRP is making a move again, thrice during the same day, as it broke above $0.42 after 4 months. XRP gained more than 30% in a day. Bitcoin’s bull market has had a positive effect on all cryptocurrencies, however, the volatility of Ripple was limited until today.
The price of XRP at 15: 45 Hours UTC on 14th May 2019 is $0.4118 or 0.000051 BTC. It is trading 26.2% on a daily scale in USD.
XRP/USD 4-Hour Chart on Bitstamp (TradingView)
The positive price movement on Ripple can be attributed to the all-around good news for Ripple. Germany’s second largest Exchange released XRP-based ETNs on Monday 13th May.
Furthermore, Coinbase also made a major announcement. XRP trading was prohibited in the state of New York until now. However, Coinbase announced that it has been made available for New York residents on We can also expect Coinbase Custody to allow the same as well.
Coinbase XRP Announcement (Tweet)
Ripple’s efforts and the favorability of XRP with banks and other financial institutions, make XRP one of the most popular cryptocurrency. Moreover, XRP had been testing support levels near $0.3-0.31 for more than 3 months and the hodler’s were expecting a ‘trend reversal.’
The CEO of Binance also bantered with the Crypto-community on XRP, sharing a popular jinx that through a tweet about the on-going maintenance at Binance.
“think positively, whenever we do maintenance, #XRP pumps.”
Stellar [XLM] Gains 13.52%; Is it taking Cue from XRP?
In an abundance of cryptocurrency, one which shares history and utility with XRP is stellar. The duo is the only two positive cryptocurrencies w.r.t. Bitcoin [BTC] in the current markets. The rise on XRP and Stellar w.r.t. BTC is about 20% and 7.8% respectively on a daily scale.
XLM/USD 4-Hour Chart on Coinbase (TradingView)
The price of XLM with respect to Bitcoin broke above 0.00001440 BTC after retracing from 0.00001240 BTC. The price of Stellar at 15: 45 Hours UTC on 14th May 2019 is $0.114. It is trading 12.32% higher on a daily scale.
Do you think that the trend would reverse in XRP as it did in Bitcoin? Please share your views with us.  
The post XRP Price Surges Over 30% On All-Around Positive News, Stellar [XLM] Gains With It appeared first on Coingape.
Source: CoinGape

XRP Price Up by 17%; German Exchange Releases Ripple [XRP] and Litecoin based ETNs

XRP gained 17% on a daily scale on 14th May 2019 as the price tested yearly highs above $0.3700 at $0.378.
Moreover, XRP was the only the altcoin currently trading in the green w.r.t. Bitcoin [BTC]. The price of XRP at 4: 20 Hours UTC on 14th May 2019 is 0.3702.
The majority of cryptocurrencies including Bitcoin [BTC] has gained more than 100% since the beginning of the year. However, XRP had been trading in the red since the beginning of the year. The price held the support and resistance level near $0.30-0.31 for quite some time before making a move upwards. The total market capitalization of XRP broke above $15 Billion as it continues to rank third in w.r.t. total MCap.
XRP/USD 1-Day Chart on Bitstamp (TradingView)
Borse Stuttguard Lists XRP and Litecoin ETN
Reportedly, Germany’s second largest exchange, Borse Stuttguard, listed two crypto-based ETNs or Exchange Traded Notes. The ETNs will enable the traders to bet on the price of LTC and XRP as the ETN is made available on the Exchange from 13th May. The Exchange can be made in Sweden Krona (SEK) and EUR.
Furthermore, Europe has been ahead of the rest of the world as earlier this year, SIX, the Swiss-based exchange also launched an XRP-based ETP.
The price of Litecoin [LTC] has been trading above 90$. However, it is on par with the rise on other altcoins at 6.02% on a daily scale.
The rise in the price of XRP can also be attributed to Bitcoin’s bull run and the lower trading price of XRP over the last couple of months. The trading in XRP had been in a small range of around $0.30 for quite some time.
Nevertheless, the price is now looking to gain positive momentum of Bitcoin. Moreover, the last alt-season was initiated by XRP. The room of growth in XRP in tremendous according to past highs.
You might also like: Ripple (XRP) Price Prediction: x3 ($1.0) by the end of 2019?
Do you think that XRP will continue the bullish momentum or the rise is momentary? Please share your views with us. 
The post XRP Price Up by 17%; German Exchange Releases Ripple [XRP] and Litecoin based ETNs appeared first on Coingape.
Source: CoinGape

Binance Coin [BNB] Kick Starts Monday with Over 10% Gain, Reclaims 7th Spot Again

The unfortunate hack on Binance led many holders and traders fell into the controversial debate. This buzz had an adverse effect on Binance official coin, Binance coin/BNB during the last week but the currency has kick-started the new week with over 10 percent growth.
At the time of reporting, Binance coin/BNB is up with 10.14% percent within past 24 hours which made it trade at the value $23.12 against US Dollar. Nevertheless, last week, the price of one BNB saw a steep decline of $18 which led it fell down to the 8th spot on coinmarketcap in terms of market capitalizations.
Fortunately, on May 13, 2019, BNB is again available on its previous position and can be seen as the 7th largest cryptocurrency in terms of the average trading volume. By snatching its long-standing position from Tether (USDT), BNB’s market capitalization today counts at $3,263,765,935 USD which is majorly spat on its parent exchange, Binance, in trading pairs of USDT and BTC.
Image source – Coinmarketcap
The boost in the price of BNB can be directly linked to Binance’s latest announcement – that is enabling its users with deposit and withdrawal feature. Binance CEO, CZ released a brief update on Binance official website on May 13, 2019, and stated that they will resume the deposit and withdrawal at Binance exchange on Tuesday (May 14, 2 019) which is presently suspended since the hacking incident happened. CZ in the post briefed that;
Our team is making progress and has been working through the weekend. In the past few days, we have made some significant overhauls to our system, with a large number of advanced security features added and/or completely re-architected. We will share details on some of the changes later.
Also Read: Binance CEO, CZ Shares Sorry Note for ‘Dirty Word Reorg’ Citing New Update on Security Incident
We aim to fully resume deposits and withdrawals on Tuesday. The time will be communicated at a later stage, depending on how the testing goes. This upgrade will require a trading halt. We will update you again tomorrow.
What do you think about the boost in BNB’s trading volume.? Do you think CZ’s confirmation of resuming deposit and withdrawal positively influenced the value of BNB.? Let us know in the comment below
The post Binance Coin [BNB] Kick Starts Monday with Over 10% Gain, Reclaims 7th Spot Again appeared first on Coingape.
Source: CoinGape