Bitcoin Cross-Border Payments Now Available in 60 Latin American Banks

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Bitcoin Cross-Border Payments Now Available in 60 Latin American Banks
Bantotal, a core banking service provider, is working closely with Bitex crypto exchange to facilitate cross-border payments using the Bitcoin blockchain targeting at least 60 Latin American banks.
Bitcoin Cross-Border Payments Now Available in 60 Latin American Banks

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Source: CoinSpeaker

Croatian Post Went On to Trial Crypto Exchange Service

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Croatian Post Went On to Trial Crypto Exchange Service
The Croatian Post collaborated with Electrocoin to operate a pilot program for a crypto-fiat exchange. It is reported that the pilot project will facilitate crypto owners to exchange Bitcoin (BTC), Ether (ETH), Stellar (XLM), XRP and EOS for fiat money.
Croatian Post Went On to Trial Crypto Exchange Service

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Source: CoinSpeaker

Fidelity-Backed Blockchain Accelerator Attracts Over 50 Mentors

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Fidelity-Backed Blockchain Accelerator Attracts Over 50 Mentors
The blockchain accelerator program called Startup Studio which is backed by Fidelity Investments and 20 other companies, has managed to attract over 50 mentors.
Fidelity-Backed Blockchain Accelerator Attracts Over 50 Mentors

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Source: CoinSpeaker

Crypto-Market Top Weekly Performers: Bitcoin, Monero, Binance Coin, Stellar, ChainLink

Cryptocurrency markets witnessed another exciting week as the Bitcoin [BTC] began the week with a robust bullish action, but failed to yield. Furthermore, the altcoin ‘hodlers‘ suffered massive losses to the tune of more than 20%.
Moreover, Bitcoin [BTC] bulls also seem exhausted at the moment as the price keeps falling to find support. Overall, this was a bearish week for the cryptocurrency markets as the market capitalization dropped. The losses for altcoin traders were further accentuated by the rising dominance of Bitcoin; which is currently 65.4%.
BTC/USD 1-Day Chart on Bitstamp (TradingView)
Opening Price: $$11,300
Closing Price: $10,612
The weekly Loss: 6%
Weekly High/Low: $13200/$10,555
The general sentiments of the market were bearish. Hence, while all coins are in red, these are the ones’ that took slightly fewer losses compared to others.
Monero (XMR)
XMR/USD 1-Day Chart on Binance (TradingView)
Monero is one of the most popular privacy-focused cryptocurrency. This week while most cryptocurrencies broke their USD support, Monero has tried to maintain support around $88.
Opening Price: $98.5
Closing Price: $87.1
Weekly Loss: 11.9%
Weekly High/Low: $116.7/$84.4
Binance [BNB] Coin
Binance conducted to 8th quarterly token burn, which saw a burn of 808,888 BNB tokens which came as positive news for the traders. However, there are significant concerns around the supply and hence, price discovery, which seems to be keeping the bulls at bay.
Nevertheless, the Exchange has been growing massively with increasing volume almost every quarter. Huobi Token and LEO, the other two exchange backed tokens are also holding onto gains at the moments.
BNB/USD 1-Day Chart on Binance (TradingView)
Opening Price: $33.3
Closing Price: $29.3
The weekly Gains: 12%
Weekly High/Low: $36.9/$27.1
Stellar [XLM]
Stellar [XLM] was one of the top performing cryptocurrencies which has currently slid down from the top the ten lists by Mcap. Moreover, it is also now testing support at the lower level.
Cryptocurrency regulations and lack of visible development and insight around IBM and stellar, its’ most coveted partnership, the coin continue to slide down with the bearish altcoin momentum.
XLM/USD 1-Day Chart on Binance (TradingView)
Opening Price: $0.106
Closing Price: $0.088
The weekly Loss: 16.9%
Weekly High/Low: $0.114/$0.083
Chain Link [LINK]
Chainlink is the best performing cryptocurrency since the past couple of weeks. While the altcoin traders have continued to lose confidence even in the most popular cryptocurrencies, chainlink [LINK] emerged as an exception.
It grew from $1.5 to trade just below $5; however, the FOMO soon stopped. Despite the losses in recent times, the cryptocurrency is currently looking to establish support around $3.
LINK/USD 1-Day Chart on Binance (TradingView)
Opening Price: $3.29
Closing Price: $2.94
The weekly Gains: 10.6%
Weekly High/Low: $3.89/$2.57
*The percentage dominance of cryptocurrencies w.r.t. to the total market capitalization of the market at $1 billion is 0.3%. Hence, for Analysis purpose, we will only consider cryptocurrencies with a total market capitalization $1 billion or more. For future analysis, we’ll try to maintain ~0.25% as a standard for the calculation.
**The data is taken at around 11: 00 Hours UTC on 14th July 2019.
The post Crypto-Market Top Weekly Performers: Bitcoin, Monero, Binance Coin, Stellar, ChainLink appeared first on Coingape.
Source: CoinGape

Stellar Lumens (XLM) Down 50% Since IBM Parted Ways With Jesse Lund

Stellar Lumens (XLM) battered, slides 14.5 percent
Even with IBM, bears are relentless

Coinciding with Jesse Lund and CTO Yang exit, XLM prices are in a downtrend. Presently, XLM is at a precipice with traders aware that losses below 7 cents could see bears aim for new lows. Meanwhile, the coin is down 14.5 percent from last week’s close.
Stellar Lumens Price Analysis
Fundamentals
Despite seamless communication, finance appears to be lagging. However, the introduction of a new layer, a web built on top of the internet is where future generations will flourish on. Blockchain is the anchor block for a distributed and free internet of value.
Good news is, Stellar is right in the middle, carving out market share at this definitive juncture. Support from heavyweights as IBM is also significant. Understandably, the clamor is for good reasons.
The global remittance is on the rise. For example, statistics from the World Bank show that by close of the financial year 2018, outflows to developing countries surged to $529 billion, an increase of 9.6 percent from $483 billion of 2017.
IBM involvement is bullish for Stellar considering their ties in traditional banking and their influence. Because of IBM commitment to the blockchain, six banks are planning to launch stable coins on the network.
Then again, thanks to World-Wire Stellar, right out of the gate supports 42 different fiat currencies from 72 countries. However, the exit of Jesse Lund and CTO Yang sent shock waves which encouragingly, Stellar is recovering.
Candlestick Arrangement

At the time of writing, XLM is down 14.5 percent week-to-date and 8.2 percent in 24 hours. From the chart, it is clear that bears are in the driving seat. Even though price action is bullish, candlestick arrangement and other technical factors point to weakness.
First, notice that not only is XLM printing lower with increasing volumes but the banding along the lower Bollinger Band (BB) hint of fractures. Add that to price divergence from the middle BB and odds are XLM will likely tumble below the second layer of support at 7 cents.
That will wipe out gains of the last six months while simultaneously setting the pace for further draw down as XLM print new lows.  Even so, support from spot rates could see bulls aim for Q1 2019 highs of between 13 cents and 14 cents.
Technical Indicators
XLM is at a precipice. With a meltdown threatening investors, May 16 bear candlestick leads this trade plan. If there is support with high trading volumes exceeding 5.45 million of May 16, XLM may snap back to trend as buyers aim for 14 cents. Conversely, losses below 7 cents at the back of increasing participation spells doom for XLM.
Chart courtesy of Trading View. Image Courtesy of Shutterstock
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Crypto Capitulation: An Altcoin Obituary, Or the Biggest Buy Signal Ever?

Since the start of April 2019 when Bitcoin rallied over $1,000 in a matter of a few minutes, the first ever crypto asset has taken the market by storm, capturing the attention of all crypto traders, investors, and analysts – but at the expense of the altcoin market.
While hope for an “alt season” has lingered throughout much of 2019, that hope finally turned into panic, as altcoins – the asset class designed in the vein of Bitcoin – have started to capitulate. But even though most of the crypto community is extremely bearish on the category of coins, typically when there’s “blood in the streets” it’s among the most lucrative buy signals.
Bitcoin Continues to Bleed Out Altcoins, When Does the Crypto Carnage End?
Upon reading any internet forum on cryptocurrency or scrolling down a crypto Twitter feed, you’ll be hard pressed to not find anger and despair towards altcoins everywhere you look.
Following a parabolic advance by Bitcoin, the first ever crypto asset has literally sucked all the value out of the altcoin market, and as BTC pushes higher, trading pairs against Bitcoin have crashed ever further in their ratio.

According to CoinMarketCap data, the entire top ten cryptocurrencies by market cap have dropped between 5% and 11% across the board. Lower down the market cap rankings 24-hour losses reach as high as 69% in some “shitcoins.”

New record on alt/btc bleed. pic.twitter.com/et8ENps8IR
— Krokz (@krokotar) July 10, 2019

The bleeding has even reached a new record, according to one crypto analyst.
This capitulation event has caused many to turn full-blown BTC maximalist, including Youtube influencer Ian Balina.

You either die as a BTC maxi or live long enough to see Balina capitulating with altcoins. pic.twitter.com/KFpE78LfFT
— The Crypto Monk (@thecryptomonk) July 10, 2019

Others have reacted with much more anger than tact, however, those that are responding to this with a clear head may want to consider buying here or slightly lower – as capitulation often is the final ending point before a major rebound. Take Bitcoin’s rise to $13,800 from $3,200 as a prime example of this.
Related Reading | Crypto Analyst: Bitcoin (BTC) Dominance May Reach 80%, Altcoins Expected to Bleed 
When altcoins do eventually bounce, they’ll bounce extremely hard and the alt season that everyone has been waiting for will happen faster than anyone could predict. As for when, or if that even occurs remains a mystery, but it could present the biggest financial opportunity for those that take the risk.

So much hate for alts on CT rn. Most of them will probably 10x in a matter of weeks.
— Crypto₿ull (@CryptoBull) July 10, 2019

Past bear and bull cycles have taught us that each cycle drastically changes the ranking of coins, with many never again reaching their previous highs, while others go on to set new highs and could potentially outperform Bitcoin by a wide margin.
But picking the winners isn’t easy, and choosing the wrong coin could result in complete loss. What will you do here? Buy or sell?

Prayers for Altcoins pic.twitter.com/18xr8RZkOk
— ฿ (@BitBitCrypto) July 10, 2019

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Source: New feedNewsBTC.com

Stellar network aims to improve network performance with latest Go SDK release

The race for market dominance has given birth to a new wave of competition within the crypto-development community, to deliver a platform that can redefine the status quo of monetary transactions. Marking a new milestone in this realm, Stellar, the decentralized protocol for cross-border payments, has announced a new release to keep up with the […]
The post Stellar network aims to improve network performance with latest Go SDK release appeared first on AMBCrypto.
Source: AMB Crypto

Crypto Analyst: Don’t Expect Altcoin Season Until New Bitcoin All-Time High

Since the start of 2019, crypto investors and traders have been watching and waiting for the promise of “alt season,” a period in which altcoins outperform Bitcoin significantly. There have been a few glimmers of an alt season starting, but Bitcoin’s parabolic rally has stopped it short in its tracks.
A “real” alt season may still be aways off, and not until Bitcoin reaches a new all-time high, according to one prominent crypto analyst and if past performance can help predict the future.
Is Alt Season Almost Two Years Away Still? Depends on Bitcoin All-Time High
Bitcoin continues to rise, yet altcoins continue to bleed out both in USD value and relative to their BTC trading pairs. Crypto traders are dumping their alts into the first ever cryptocurrency, either due to FOMO’ing into Bitcoin’s rally, or through derisking in the face of mounting regulatory pressure and one of the largest crypto exchanges eventually cutting off a portion of its userbase.
Related Reading | Clearing Up the Crypto Confusion For US-Based Binance Traders of Altcoins 
The increased sell pressure on alts has helped Bitcoin break through resistance, completely ignored a massive head and shoulders pattern the market was eyeing, and continued on its rally towards $10,000.

First "real" alt season started after we hit new ATH back in February 2017.$LTC went up 700%$XLM went up 3200%$XRP went up 5300%$ETH went up 1060%
It also happened after the #Bitcoin halving which is in 339 days.
Is it gonna be different this time? pic.twitter.com/EL3oWkDpdN
— Livercoin (@livercoin) June 17, 2019

However, according to one crypto analyst, the leading crypto by market cap will need to push even higher in the coming days for alt season to occur once again.
According to the trader, the first “real” alt season stared after Bitcoin set a new all-time high back in February 2017. The previous all-time high had been set back at the top of the 2013 bull run peak, where Bitcoin had reached over $1,o00 for the first time.
In February 2017 when Bitcoin breached that number for the first time, a “real” alt season kicked off that saw Litecoin increase by 700%, Stellar gain as much as 3200%, Ethereum grow by 1060%, and Ripple explode a staggering 5300%.
Related Reading | Crypto Analysts: Ripple Most Bullish USD Chart, XRP Target 2000% Gains 
All of this happened after the Bitcoin halving, which is still 339 days away. It’s surprising that alt season may be so far off, as altcoins have been in their longest accumulation pattern yet. Regardless of the timeframe, most crypto analysts agree that at least three of the four aforementioned altcoins are primed for a massive movement upward, both in USD value and relative to BTC. These coins are expected to greatly outperform Bitcoin in the coming months.

Another interesting fact :
Both bottoms formed +- 530 days before the Bitcoin halving.
A potential alt season is only 600 days away!!! You better start accumulating. pic.twitter.com/i8zQ0rrJav
— Livercoin (@livercoin) June 17, 2019

Also, it’s important to note that the Bitcoin halving is still 339 days away, but both bottoms – Bitcoin and alts – formed about 530 days before the Bitcoin halving. This means that any potential alt season could be as far as nearly two years away.
But as we’ve seen with Bitcoin transitioning from bear market into bull, the momentum this time appears to be stronger now that institutions have become involved, and the market cycle seems to be increasing in rate. Should this be the case, much like Bitcoin left lows sooner than expected, an alt season may also arrive sooner than anyone is prepared for.
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Coinbase Custody Supports Blockchain Capital’s BCAP Security Token

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Coinbase Custody Supports Blockchain Capital’s BCAP Security Token
Coinbase Custody announced that they will be supporting Blockchain Capital (BCAP) deposits and withdrawals. Blockchain Capital’s native token BCAP is one of the very first security tokens for which they conducted an STO in April 2017.
Coinbase Custody Supports Blockchain Capital’s BCAP Security Token

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Source: CoinSpeaker

Crypto-Market Cap Losses $20 Billion: Bitcoin [BTC] Test $7700 as Alts ETH, XRP, LTC Follow Suit

Bitcoin [BTC] had a fairly eventful week as the price tested yearly highs but then fell back to fill the gap till $8000. However, on a weekly scale, the closing price near the opening indicating indecision in the market. Jacob Canfield expressed the market sentiments back his TA,
NEW #Bitcoin Analysis – Indecision In The Air At $9,000. – Bearish Weekly Closing – Low Volume On Rally – Trend lines Need To Hold…
With over 55% gain in the last month, the uncertainty has led to a further correction as the price is forming support near $8000. BTC tested a low near $7800 on Tuesday, 4th June 2019. The price of Bitcoin [BTC] at 2: 30 Hours UTC on 4th May 2019 is $7980$. It is trading 6.65% lower on a daily scale.
Also Read: Bitcoin [BTC] More Closely Related to the Falling Chinese Yuan than Gold: Report
BTC/USD 1-Day Chart on Bitstamp (TradingView)
Ethereum, Bitcoin Cash [BCH] and Litecoin [LTC] Test Support Levels
Ethereum, Bitcoin Cash and Litecoin are testing key resistance and support levels at $250, $400 and $100 respectively. There is an apparent similarity between the daily charts of Bitcoin and some altcoins (like Ether here).
ETH/USD 1-Day Chart on Bitstamp (TradingView)
Litecoin [LTC] also recorded similar price movements as it touched a high and low of $122 and $114, respectively during the last week. Currently, it is testing support levels above $100. The price of XLM at 3: 40 hours UTC on 4th June 2019 is 103.94.
XRP and Stellar Prices Drop As Well
XRP/USD 1-Day Chart on Bitstamp (TradingView)
XRP which was looking to break-out has fallen back to support at $0.41 as well. Moreover, Stellar (XLM) dropped proportionally to Bitcoin as well. The losses in most altcoins are in the 7-10% range, which is affected by BTC.
Also Read: Ripple [XRP] Price Analysis: Was This Retracement Necessary? Flag Pattern Breakout Looms
EOS, Cardano, Tron Bullish Momentum Reversed
EOS and Tron rose impressively in the past week, riding on announcement anticipation and development news. The prices of these cryptocurrencies dropped by 11.4$ and 10.2% respectively.
The price of Cardano’s ADA at 3: 40 hours UTC on 4th June 2019 is $0.087. It is trading 8.69% lower on a daily scale.
Cosmos [ATOM] was the only currency trading in the green with over 8.45% rise. The cryptocurrency has gained over 20% since the beginning of June. The price of ATOM at 3: 40 hours UTC is $6.52.
Also Read: Bitcoin Adoption: Crypto Leaders Cite Regulation, Price Speculation as Barriers
The total market capitalization of the cryptocurrency markets lost about a $20 billion as it dropped to $255 billion. The dominance of Bitcoin [BTC], nevertheless, stayed at 55.9%. Furthermore, the indecision in Bitcoin [BTC] prices have made altcoin traders of their investments as well.
Do you think that the market will be resilient to this correction as well or prices will fall further? Please share your views with us. 
The post Crypto-Market Cap Losses $20 Billion: Bitcoin [BTC] Test $7700 as Alts ETH, XRP, LTC Follow Suit appeared first on Coingape.
Source: CoinGape

Crypto Market Jumps $30 Billion: Bitcoin Cash, BNB, EOS, TRX Price Analysis

The total crypto market cap surged higher and broke the key $245.0B resistance area.
Bitcoin price spiked close to 10% and traded towards the $8,800 resistance area.
EOS price tested the $7.00 resistance area and it is currently consolidating gains.
Binance Coin (BNB) is slowly moving higher and it is likely to break the $35.00 resistance.
Bitcoin cash price surged close to the 10% and rallied above the $420 and $440 levels.
Tron (TRX) price is up more than 15% and broke the key $0.0300 resistance area.

The crypto market cap surged abov $245.0B and $250.0B, with strong gains in bitcoin (BTC) and Ethereum (ETH). Binance coin (BNB), BCH, tron (TRX), litecoin, ripple and EOS are gaining strength.
Bitcoin Cash Price Analysis
After successful close above the $400 level, bitcoin cash price climbed higher steadily above the $410 and $415 resistance levels against the US Dollar. The BCH/USD pair even broke the $440 level and traded close to the $445-450 zone. At the moment, the pair is currently consolidating above $440 and it could correct lower towards the $430 level.
On the upside, the main resistance is near the $450 level, above which the pair is likely to accelerate above the $460 and $465 levels.
Binance Coin (BNB), EOS, Tron (TRX) Price Analysis
EOS price rallied above the $6.50 and $6.55 resistance levels. The price is up around 10% and it is currently trading just below the $7.00 resistance level. A clear break above the $7.00 barrier could push the price towards the $7.20 level.
Tron price started a strong upward move above the $0.0295 and $0.0300 resistance levels. TRX price is up more than 15% and it is currently trading above the $0.0315 level. An immediate resistance is at $0.0320, followed by $0.0325.
Binance coin (BNB) is trading steadily above the $33.20 and $34.00 support levels. BNB price is currently consolidating and it seems like the bulls might attempt to push the price above the $35.00 resistance level in the near term.

Looking at the total cryptocurrency market cap 4-hours chart, there was a major upside break above the key $245.0B and $250.0B resistance levels. The market cap broke a key bearish trend line and rallied above the $255.0B level. It jumped towards the $265.0B level and it is currently correcting lower. An initial support is near the $256.0B level, below which there is a strong support waiting near the $250.0B level. On the upside, a break above the $265.0B level may push the cap towards the $275.0B level in the coming sessions. Overall, the current market sentiment is very bullish for bitcoin, Ethereum, TRX, LTC, EOS, ripple, ADA, XLM, WTC, BCH, and ICX.
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Crypto Market Showing Positive Signs: Bitcoin Cash, XLM, EOS, TRX Analysis

The total crypto market cap found a strong support near $122.0B and recently climbed higher.
Bitcoin price bounced back above the $7,700 and $7,800 resistance levels.
Bitcoin cash price gained a strong bullish momentum and jumped back above $400.
EOS price is recovered above the key $6.00 and $6.05 resistance levels.
Stellar (XLM) price is currently consolidating below the $0.1250 and $0.1300 resistance levels.
Tron (TRX) price is holding the key $0.0265 and $0.0272 support levels.

The crypto market cap is showing positive signs, with bullish moves in bitcoin (BTC) and Ethereum (ETH). BCH, stellar (XLM), ADA, EOS, ripple, and tron (TRX) could climb higher in the near term.
Bitcoin Cash Price Analysis
Bitcoin cash price found a strong support near the $370 and $375 levels against the US Dollar. The BCH/USD pair started a fresh increase and broke the $390 and $395 resistance levels. The pair even traded above the $400 level and it is currently consolidating gains.
On the upside, an immediate resistance is near the $410 level, above which the price may continue higher towards the $420 level. On the downside, the key supports are near the $395 and $390 levels.
Stellar (XLM), EOS and Tron (TRX) Price Analysis
EOS price found support near $5.80 and recently recovered above the $5.85 and $5.95 levels. The price even broke the $6.00 barrier and it may continue to rise towards the $6.15 and $6.20 resistance levels.
Stellar price tested the $0.1200 support level and it is slowly moving higher. An immediate resistance is at $0.1250, above which XLM price might surge towards the $0.1300 or $0.1320 resistance. On the downside, the main supports are $0.1200 and $0.1150.
Tron price settled below the key $0.0285 support area and recently tested the $0.0270 level. TRX price is currently moving higher and it could revisit the $0.0280 and $0.0285 levels. However, a convincing break above the $0.0290 level is needed for more gains in the near term.

Looking at the total cryptocurrency market cap hourly chart, there was a downside correction from the $244.0B resistance area. The market cap decline below the $230.0B support area and recently tested the $220.0B support area. It recovered recently and climbed above the $230.0B resistance. It seems like there is a major contracting triangle forming with resistance near the $240.0B level. A successful close above the $240.0B resistance may perhaps open the doors for more gains. The next key resistance is near $245.0B, above which the market cap could accelerate towards the $250.0B level. On the downside, the main supports are near the $225.0B and $222.0B levels. Overall, there are could be more upsides in bitcoin, Ethereum, EOS, ripple, litecoin, bitcoin cash, XLM, TRX, BNB, WAN, WTC, ICX, and other altcoins in the near term.
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Crypto Market Wrap: $14 Billion Blitzed as Bitcoin Beats a Retreat

Crypto markets dumping hard; Stellar, Cardano, BSV, NEM and IOTA in a hurt locker, Matic still moving.
Market Wrap
The big Bitcoin pullback has finally begun. Crypto markets are crumbling today in Asia as Bitcoin dips precipitously below key support sending the altcoins crashing around it. Total market capitalization has shed over $14 billion and is approaching $235 billion at the time of writing.
After a very clear double top formation, Bitcoin failed to break resistance and started on a downward slide that has resulted in a 4.3 percent dump on the day. From trading just below $8,000 BTC has fallen back to just above $7,600 at the moment. Analysts are eyeing resistance at $7.4k and $6.8k with further declines likely if these cannot be held.
Ethereum has followed suit as usual and with a 7.5 percent dump is now back at $237. ETH has not managed to decouple from Bitcoin and could return to support at the $232 area.
The top ten is awash in red during Asian trading today. Cardano is getting crushed over 10 percent and Stellar is not far behind, dumping 9 percent. XRP, Bitcoin Cash and EOS have all dropped 7 percent and only Binance Coin is staying afloat, just above $30 with a 2 percent loss.
Big trouble faces the top twenty at the moment as Bitcoin SV dumps 12 percent of its epic gain yesterday. The US Copyright Office has already said it does not investigate whether there is a provable connection between the claimant, Craig Wright, and the pseudonymous BTC code author, effectively urinating on his parade. Also getting dumped on is NEM with a 12 percent slide, IOTA dropping 11 percent and Cosmos at 10%. The rest are sliding 6 – 8 percent at the time of writing.
FOMO: Matic Still Moving
Yesterday’s Binance induced pump is still going today as MATIC adds another 20 percent to its price. Embellishment from the world’s largest exchange can do wonders for a crypto project and give it a somewhat unfair advantage over its competitors. Crypto.com Chain has also had a bit of a revival with a 10 percent surge against the flow today. The Singapore based crypto wallet and card keeps adding new assets.
There are too many double digit dumps today to count but those at the messy end of the top one hundred include Insight Chain, Enjin Coin, BSV, NEM and Qtum all dropping over 12 percent.
Total market capitalization 24 hours. Coinmarketcap.com
Total crypto market capitalization has been smashed $14 billion as it falls back to $236 billion today. The mass exodus is not over yet as Bitcoin searches for support. On the week crypto markets have dropped 7 percent but on the month they’re still up almost 25 percent so this pullback is nothing to be too concerned about … yet.
Market Wrap is a section that takes a daily look at the top cryptocurrencies during the current trading session and analyses the best-performing ones, looking for trends and possible fundamentals.
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Coinbase’s ‘Earn’ Program Expands to 103 Countries

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Coinbase’s ‘Earn’ Program Expands to 103 Countries
Cryptocurrency exchange Coinbase has expanded its Earn program to 103 countries. Now users from the U.S., U.K., much of the EU, Canada, Singapore, Australia, and others, can sign up to earn crypto for learning about the tech.
Coinbase’s ‘Earn’ Program Expands to 103 Countries

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Source: CoinSpeaker

Crypto-Market Top Weekly Performers: Bitcoin, Ethereum, XRP, Stellar, Tezos, Binance

Bitcoin bulls have turned out to be more relentless than most traders would have predicted from its historic prices. Moreover, the fundamentals around Bitcoin [BTC] seem to be stronger than ever with the Bitcoin virus spreading to the east now. Mati Greenspan, the senior market analyst at eToro tweeted,
“BTC on the move again… Asian market certainly doing their bit today.”
This is coming after a huge pullback on 17th May 2019. A Bullish Marubuzo with was seen in the 0: 00-4: 00 Hours UTC on 19th May as the market broke above $8000 again. This the second time the market has attempted to break it after a huge correction.
BTC/USD 1-Day Chart on Bitstamp (TradingView)
The other four performing coins
Opening Price: $6968
Closing Price: $8109
The weekly gains: 16.3%
Weekly High/Low: $8390/$6178
Binance [BNB] Coin
Binance [BNB] coin was trading in the red in the last week’s update trading around $20. Nevertheless, the token started picking up value again as normal operations began at Binance Exchange after the hack. This week Binance also initiated the process of burning token from the Ethereum blockchain to process them on the native Binance Blockchain.
BNB/USD 1-Day Chart on TradingView
Opening Price: $20
Closing Price: $29.5
The weekly gains: 47.6%
Weekly High/Low: $32.2/$19.9
Stellar [XLM]
Stellar’s rise was higher than most coins during the week as it held gained 35% on a weekly scale. The Stellar validators were reportedly shut down for two hours on 15th May 2019. As Bitcoin continued to correct and rise, Stellar held it gains above 0.00001750 BTC.
XLM/USD 1-Day Chart on Bitfinex (TradingView)
Opening Price: $0.10
Closing Price: $0.14
The weekly gains: 40%
Weekly High/Low: $0.16/$0.117
Ethereum [ETH]
Ethereum has been the top performer in leading altcoin gains in terms of total market capitalization. The total market capitalization of Ethereum is above $25 billion. It still accounts for more than 10% of the total capitalization of cryptocurrency markets.
Also Read: Ripple’s XRP and Ethereum Fight for 2nd Place Behind Bitcoin In The Wake of a Bull Run
ETH/USD 1-Day Chat on Coinbase (TradingView)
Opening Price: $188
Closing Price: $259
The weekly gains: 38%
Weekly High/Low: $281/$185
Tezos [XTZ]
Tezos [XTZ] has been one of the best performing coins of the year. It has gained more than 100% before the bull run on Bitcoin began. The gain was influenced by the Coinbase allowing Tezos [XTZ] as the first coin which could be staked/forged on the Coinbase Custody platform.
It was on the rise again this week as the market seems to have broken bullish since the beginning of the month. It broke above $1.75 as it set sights on to $2.
XTZ/USD 1-Day Chart on Bitfinex (TradingView)
Opening Price: $1.24
Closing Price: $1.77
The weekly gains: 43.4%
Weekly High/Low: $1.833/$1.23
XRP, Dash, IOTA, and Cosmos [ATOM]
The almost all altcoins were in the green on a weekly scale. While the above-mentioned cryptocurrencies rose higher than the rest, XRP, Dash, IOTA, and Cosmo [ATOM] also registered more than 20% gains.
The gain in XRP was considerable as it broke above the $18 billion market capitalization. Moreover, the weekly rise is about 25%. The dominance of XRP over cryptocurrency market is about 7%. The rise of Dash, IOTA, and ATOM is 21%, 31% and 23$ respectively on a weekly scale.
XRP/USD 1-Day Chart on Bitstamp (TradingView)
*The percentage dominance of cryptocurrencies w.r.t. to the total market capitalization of the market at $0.5 billion is 0.23%. Hence, for Analysis purpose we will only consider cryptocurrencies with a total market capitalization $0.5 billion or more. For future analysis, we’ll try to maintain 0.25% as a standard for the calculation.
**The data is taken at around 11: 00 Hours UTC on 19th May 2019. 
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Source: CoinGape