Binance Research: XRP Best Diversifier, Bitcoin and Ethereum Most Correlated

Coinspeaker
Binance Research: XRP Best Diversifier, Bitcoin and Ethereum Most Correlated
Binance published their new Research Report in which they took on a different approach in understanding crypto assets. The research showed Bitcoin and Ethereum move in lockstep and the XRP price is the least correlated to other top cryptoassets.
Binance Research: XRP Best Diversifier, Bitcoin and Ethereum Most Correlated

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Source: CoinSpeaker

Rothschild-Linked Oil Tycoon Frank Timis Creates Ripples in Bitcoin Mining Pool

Coinspeaker
Rothschild-Linked Oil Tycoon Frank Timis Creates Ripples in Bitcoin Mining Pool
Argo Mining has welcomed Frank Timis – a new whale coming from the oil and gold industries with formidable ties with the Rothschild Bank aiming to cause ripples in the nascent market.
Rothschild-Linked Oil Tycoon Frank Timis Creates Ripples in Bitcoin Mining Pool

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Source: CoinSpeaker

Bitcoin [BTC], Ethereum, Litecoin and more accepted as payment by Marks Jewelers

In a big push for adoption, Marks Jewelers, one of the biggest jewelry retailers in the United States, recently announced that they would be adding multiple cryptocurrencies as payment methods. This move is to reportedly expand the reach of the company to reach global proportions.
The jewelers decided to add cryptocurrencies as a payment method in order to pay lower fees for cross-border payments and avoid pitfalls of centralized payment processing systems such as chargebacks. They aim to capitalize on the blockchain and its poster technology in order to “open [their] store to the world”.
They announced support for coins such as Bitcoin [BTC], Bitcoin Cash [BCH], Bitcoin Diamond [BCD], Bitcoin Gold [BTG], Ethereum [ETH], Litecoin [LTC], Dash and Zcoin [XZC]. This marks a big drive towards adoption in partnership with Shopping Cart Elite, an e-commerce platform.
Moreover, the business has been functioning for over 35 years and offers products such as fine diamonds, engagement and wedding rings, jewelry and timepieces. They are also known for their JEWLVISION program, which offers customers the opportunity to create custom jewelry for special occasions.
The Director of Marketing for Marks Jewelers, Joshua Rubin, said in a statement:
“We’re very excited to begin accepting cryptocurrency payments from our customers around the world. This will allow us to make our fine jewelry available to the global market while paying lower fees and avoiding chargebacks. Marks has long been known for our meticulous craftsmanship and curated selection, and we are thrilled to open our store to the world.”
This adds to the long list of services slowly adding support for cryptocurrencies and make them a genuine medium of exchange as opposed to a speculative asset. The reason Marks chose to accept cryptocurrencies is also interesting, as they claim to reduce international money transfer fees and pass savings on to customers.
The post Bitcoin [BTC], Ethereum, Litecoin and more accepted as payment by Marks Jewelers appeared first on AMBCrypto.
Source: AMB Crypto

Cryptocurrency Market Update: Bitcoin Gold Performing on Sunday

FOMO Moments
Markets are flat this Sunday; Altcoins still climbing include Bitcoin Gold, VeChain, ChainLink and TenX.
Another pullback has occurred as markets failed to hold the $300 billion level. Most cryptocurrencies are in the red today as previous day’s gains are wiped out. Bitcoin has dropped half a percent on the day and is trading at $8,170. Over the week it has gained almost 10% since last Sunday and the short term trend is bullish.
Ethereum has retreated just over 1% trading at around $465, over the week ETH has made no gains and is trading at the same level. Altcoins are mostly in decline with one or two showing a glimmer of green during trading this Sunday.
Stellar is taking the biggest hit in the top ten at the moment after days of gains. XLM is down 2.2% to trade at $0.312, over the week though it has gained 4.7% since last Sunday. All other altcoins in the top ten are pretty flat with minor declines.
The same picture can be seen in the top twenty with most altcoins trading very slightly down on the day. VeChain is bucking the trend though with a 3.7% climb to $2.60. Over the week VEN has performed well with a 44% gain from $1.80. Tron is the only other coin in the top twenty with a gain at the moment, albeit a very small one of 2% to $0.037.
Further down the list Bitcoin Gold is having a good day with an 8.3% gain to trade at $33.70. It spiked a few hours ago with a 12% pump from a media partnership announcement between BTG and the Blockchain Applications and Economics Indonesia Forum.

Bitcoin Gold is glad to be media Partner with the BLOCKCHAIN APPLICATIONS & ECONOMICS INDONESIA FORUM – Bringing together key industry leaders, government, and media to learn about blockchain, its uses & drive adoptability.Check it out https://t.co/KzDNjzXN8S #BTG #Bitcoin pic.twitter.com/NSobnVos9G
— Bitcoin Gold [BTG] (@bitcoingold) July 28, 2018

Over the week BTG has gained almost 18% from $28.50 and the past month has seen larger gains of 43%. South Koreans are currently buying up Bitcoin Gold on Bithumb in KRW which has over half of the volume at the moment.
The other altcoins performing well at the moment are ChainLink up 23%, TenX up 12.5%, and Kin up 12% on the day. Taking the biggest hit is Pivx which has dumped 11% following its pump yesterday.
Total crypto market capitalization has fallen around a percent to just over $296 billion. After a good run up in the week trade volume has halved today to $12.5 billion and things are cooling down again. On the week crypto markets are up 4.4% and the short term outlook is still bullish.
FOMO Moments is a section that takes a daily look at the top 25 altcoins during the current trading session and analyses the best performing ones, looking for trends and possible fundamentals.
The post Cryptocurrency Market Update: Bitcoin Gold Performing on Sunday appeared first on NewsBTC.
Source: New feedNewsBTC.com