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Bitcoin.com Exchange Reveals Role in the Cryptopia Rescue Group

31/10/2020 by Idelto Editor

The world-class trading platform, Bitcoin.com Exchange announced it’s participating in the Cryptopia Exchange rescue consortium in order to help redistribute coins to customers. Bitcoin.com’s trading platform will provide an exchange environment in order to bolster the Cryptopia Rescue redistribution plan.

Back in January 2019, the New Zealand cryptocurrency trading platform Cryptopia Exchange suffered a major breach and it affected 2.3 million account holders from all around the world. Estimates note that roughly $860 million worth of cryptocurrency was held on the exchange before the hack. Bitcoin.com is pleased to announce that our exchange will assist a rescue program dedicated to helping Cryptopia account holders.

Bitcoin.com Exchange has joined a consortium called the “Cryptopia Rescue” program, and it will produce a platform to distribute coins to Cryptopia Exchange Account Holders. The group formed in order to create a class action against the Liquidator, Grant Thornton.

Victor Cattermole, a Cryptopia Rescue spokesperson said:

The liquidator was proposing to write off more than 50% of the coin holdings. In our alternative plan, we have established a relationship with Bitcoin.com to provide an exchange environment to emulate the Cryptopia model so that all coins can be redistributed.

Currently, the Cryptopia Rescue team is working to connect with as many account holders as possible. The plan is to do everything possible to provide the best resolution to Cryptopia’s former customers. Since launching on September 2, 2019, the premier Bitcoin.com Exchange has provided customers with a professional trading engine combined with top-of-the-line security practices.

Speaking about joining the Cryptopia Rescue effort, Danish Chaudhry, CEO of Bitcoin.com Exchange explained the exchange team looks forward to helping the crypto community.

“We take this role very seriously within the consortium,” Chaudhry stressed. “[Bitcoin.com Exchange] will do everything we can as a united group to provide the best-in-class platform to redistribute Cryptopia account holders their coins via our exchange,” he added.

There are five limitations Cryptopia Exchange Account Holders need to take into account.

The Cryptopia trustee is independent of Bitcoin.com Exchange.
Claim information is stored only on the trustee’s servers, not on Bitcoin.com Exchange’s servers.
Claim information is private between clients and the trustee.
Bitcoin.com Exchange is not involved in approving or denying claims.
Bitcoin.com Exchange does not determine when claims are distributed.

When the Cryptopia Exchange trustee completes the claim approval process and selects a distribution date, a provided payout support plan for distribution may be added. Customers that have any questions or issues with the Cryptopia claim process will need to contact Cryptopia support.

What do you think about the Bitcoin.com Exchange providing support to Cryptopia account holders? Let us know what you think about this subject in the comments section below.

The post Bitcoin.com Exchange Reveals Role in the Cryptopia Rescue Group appeared first on Bitcoin News.

Revolut Adds Bitcoin Cash and Litecoin Support for US Customers

01/09/2020 by Idelto Editor

Following the launch of Revolut’s new crypto exchange in the U.S. the company has added bitcoin cash and litecoin support. Alongside bitcoin and ethereum support, the trading platform’s added coins provide Revolut users with the ability to buy, store, and sell four different digital assets.

Six weeks ago, Revolut launched a new exchange in the United States and initially, the platform supported bitcoin (BTC) and ethereum (ETH).

Today Revolut has added bitcoin cash (BCH) and litecoin (LTC) support to the exchange’s roster of listed crypto assets. Revolut says the trading platform frictionlessly allows users to swap digital assets at the tap of a button.

Revolut has 13 million customers worldwide and roughly a million users are trading on a regular basis. “Monthly crypto volumes are in the hundreds of millions of dollars,” the firm detailed during the BCH and LTC support announcement.

Moreover, the company says that around 5,000 daily signups are attributed to its crypto service.

“At Revolut we pride ourselves in being a customer-obsessed brand,” Edward Cooper, Head of Crypto at Revolut said. “Since we launched our crypto offering in the States, we had swarms of customers requesting that we add Bitcoin Cash and Litecoin to the product. So, we took notice, got straight to work, and were able to deliver in just four weeks.”

The company highlighted that it aims to construct a financial super application that “provides customers with a checking account, budgeting tools, instant P2P payments.”

Revolut also allows users to spend and transfer the funds using a real-time exchange rate based on 28 different fiat currencies.

“I have said this before, but crypto has traditionally been inaccessible to the average consumer,” Cooper concluded.

“Traditional exchanges can be clunky and confusing, which immediately puts a lot of people off. We have built a platform that gives you exposure to the world of digital currencies at the tap of a button, and that’s the way it should be,” the Revolut Head of Crypto executive added.

What do you think about Revolut adding bitcoin cash and litecoin? Let us know in the comments section below.

The post Revolut Adds Bitcoin Cash and Litecoin Support for US Customers appeared first on Bitcoin News.

BCH Is Now Supported by a Large Crypto ATM Network in Switzerland

20/03/2019 by Idelto Editor

BCH Now Supported by a Large Crypto ATM Network in Switzerland

Cryptocurrency ATM operator Värdex Suisse has introduced BHC support to its devices. The company is a financially regulated entity that provides access to digital assets through its teller machines, POS services and partnerships with retailers in Switzerland and abroad.

Also read: American Electronics Giant Avnet Now Accepts Bitcoin Cash Payments

Bitcoin Cash Available on All Värdex ATMs

“Bitcoin cash (BCH) is online and available now on all our ATMs!” Värdex Suisse announced in a tweet on Tuesday. The company claims it maintains the largest crypto ATM network in the Alpine nation. Its website shows 26 ATM locations in major Swiss cities such as Bern, Zurich, Geneva, Basel, Lucern, and Lausanne.

The company’s devices support the purchase and sale of three other leading cryptocurrencies as well: bitcoin core (BTC), ethereum (ETH) and litecoin (LTC).

Värdex Suisse AG, originally founded as Bitcoin Suisse AG, has been operating independently since 2017 in order to meet the high demand in the retail sector for the kind of services it offers. The company is a member of the Financial Services Standards Association (VQF) and part of the Crypto Valley Zug Community.

Värdex also says its mission is to make buying and selling digital currencies “as seamless and easy as a regular visit to a bank ATM.” It is doing that through a number of partnerships, a recent example being the recently announced crypto exchange service offered by Liechtenstein’s post office with the help of the Swiss company.

350 ATMs Across Europe Support BCH

Switzerland is one of several countries in Europe that have made efforts to create favorable conditions for crypto companies and blockchain businesses. Its Crypto Valley, centered in the Canton of Zug, has expanded significantly over the last couple of years. It currently numbers about 750 companies including those based in neighboring Liechtenstein.

The business-friendly conditions and regulations have catalyzed the growth of the crypto-related services offered in the country. They include payment and teller services providing secure access to digital coins and increasing their mainstream adoption.

According to data compiled by tracker website Coinatmradar, there are currently 52 bitcoin ATMs and crypto tellers across Switzerland. Around half of them now support purchases and sales of bitcoin cash.

The number of BCH trading devices has been growing in Europe as well, reaching around 350 across the region. However, the Old Continent is still lagging behind the U.S. where almost 1,200 ATMs offer bitcoin cash.

Is the number of ATMs supporting BCH growing in your region? Let us know in the comments section below.

Images courtesy of Shutterstock, Värdex Suisse.

At Bitcoin.com there’s a bunch of free helpful services. For instance, have you seen our Tools page? You can even lookup the exchange rate for a transaction in the past. Or calculate the value of your current holdings. Or create a paper wallet. And much more.

The post BCH Is Now Supported by a Large Crypto ATM Network in Switzerland appeared first on Bitcoin News.

Markets Update: Top Cryptos Reclaim Support as RVN Rallies

06/03/2019 by Idelto Editor

The leading cryptocurrency markets are attempting to reclaim the losses incurred during Tuesday’s dip, with many crypto assets having rebounded to currently trade above last week’s support zone. In other market action, RVN has been among the top performing markets of the last fortnight, up 145% since Feb. 24.

Also Read: Blockfi Launches Interest Bearing Savings Accounts for Cryptocurrencies

BTC Bounces to Test Previous Support Zone

Bitcoin core produced a 2% bounce today, reclaiming much of Tuesday’s losses. Presently, BTC is testing resistance at last week’s support range of approximately $3,900 on Bitfinex and $3,800 on Bitstamp. When measuring from the Feb. 8 bounce, BTC appears to be testing resistance at the 0.382 Fibonacci retracement area after bouncing off support at the 0.5 Fibonacci area.

Markets Update: Top Cryptos Reclaim Support as RVN Rallies — BTC/USD – BItstamp – 4H

The stochastic RSI shows disparity across the larger timeframes, with the markets potentially appearing overbought on the weekly and three-day charts, with the stochastic RSI sitting above the 80 threshold, and appearing oversold below the 20 threshold on the daily chart.

BTC currently has a market capitalization of $68.29 billion and dominance of 51.8%.

Bitcoin Cash Retests $130

BCH is currently trading for $132 after bouncing 7% to erase yesterday’s losses. The $130 zone has acted as a magnet area for BCH price action, with $130 consistently oscillating between comprising support and resistance since early January.

When measuring the recent rally from the start of February, BCH appears to be testing resistance at the 0.5 Fibonacci retracement zone after bouncing off support at the 0.618 area.

When measured against BTC, BCH is testing resistance at 0.034 BTC, a price level that has comprised a magnet area for price action since the start of January.

Bitcoin cash is currently the sixth largest cryptocurrency with a capitalization of almost $2.34 billion and a dominance of 1.77%.

ETH Support Turns to Resistance at $140

Ethereum has also rallied to test last week’s resistance area, with current prices sitting just below $137 after gaining 9% yesterday.

Looking from ETH’s most recent bounce off the $100 level during early February, ethereum appears to be testing resistance at the 0.316 Fibonacci retracement area after bouncing off support at the 0.618 Fibonacci zone.

When measured against BTC, ETH is currently trading for 0.035 BTC. Ethereum is the second largest crypto asset with a market capitalization of nearly $14.35 billion and a dominance of 10.88%

RVN Rises Up Market Cap Rankings

Despite posting a 10% retracement over the last 24 hours, RVN has ranked among the top gaining markets of the past week, gaining more than 130% against the dollar since Feb. 25 to currently trade for $0.024.

When measured against BTC, RVN has gained nearly 125% in approximately 10 days, with RVN currently trading for approximately 600 satoshis. Ravencoin is now the 62nd largest crypto asset with a capitalization of $69.07 million.

Do you think that last week’s support zones will hold as resistance, or will the leading markets again break higher still in the coming days? Share your thoughts in the comments section below!

Images courtesy of Shutterstock

Disclaimer: Price articles and markets updates are intended for informational purposes only and should not to be considered as trading advice. Neither Bitcoin.com nor the author is responsible for any losses or gains, as the ultimate decision to conduct a trade is made by the reader. Always remember that only those in possession of the private keys are in control of the “money.”

The post Markets Update: Top Cryptos Reclaim Support as RVN Rallies appeared first on Bitcoin News.

Markets Update: Support Turns Into Resistance for Leading Cryptocurrencies

26/02/2019 by Idelto Editor

Markets Update: Support Turned Resistance for Leading Cryptocurrencies

Following Sunday’s sudden rally and retracement, most leading crypto assets have produced sideways consolidation just below the support ranges established during the previous week. The major exceptions to the trend are XRP and ONT, both of which appear to have held above last week’s support zones.

Also Read: Bitcoin Whales Have Accumulated Thousands of Coins in the Last 2 Months

BTC Consolidates Below $4,000

BTC has traded between approximately $3,800 and $3,900 since Sunday’s nearly 10% retracement, with current prices sitting at roughly $3,800 on Bitstamp and $3,900 on Bitfinex.

Markets Update: Support Turns Into Resistance for Leading Cryptocurrencies — BTC/USD – Bitfinex – 1HR

Sunday’s bearish momentum saw the stochastic RSI of BTC fall below the 20 threshold for the first time since the start of the month. Despite the pullback, the stochastic RSI remains above the 80 threshold across both three-day and weekly timescales as of this writing.

BTC currently has a market capitalization of $67.6 billion and a dominance of 52%.

Prior BCH Support Level Turns Into Resistance

Bitcoin cash has failed to break back above $140 since Sunday’s crash, with BCH currently trading for approximately $132.

When measured against BTC, BCH has produced very similar price action, with last week’s support level of 0.036 BTC appearing to now comprise resistance.

Bitcoin cash is the sixth largest cryptocurrency with a market capitalization of $2.37 billion and a dominance of 1.81%.

ETH Consolidates Between $140 and $145

Ethereum has also seen last week’s support zone converted to resistance, with ETH failing to break back above $145 since Sunday’s dump. As of this writing, ETH is trading for approximately $140.

When measured against BTC, ETH has similarly failed to retake its previous support zone, trading between 0.0355 BTC and 0.037 BTC over the past 30 hours.

Ethereum is currently the second largest crypto asset with a market cap of $14.5 billion and a dominance of 11.15%.

XRP Recovers Sunday’s Losses

XRP has defied the cryptocurrency meta-trend in recent days, with XRP posting a near-full recovery from Sunday’s losses on Feb. 25, aided by news of ripple being listed on Coinbase Pro, and then retracing by a further 3% today. XRP is trading for $0.325 as of this writing.

When measured against BTC, XRP produced a 7.75% gain on Feb. 25, bouncing from 0.000079 BTC to 0.000085 BTC. Since then, ripple has fallen 2.5% to trade above 0.000083 BTC.

XRP is the third largest cryptocurrency with a capitalization of $13.19 billion and a dominance of 10.15%.

ONT Ranks Among the Week’s Top Gainers

As of this writing, ONT has produced a seven-day price increase of 36%, ranking it as the 26th-strongest gaining crypto asset of the past week. ONT is currently trading for 0.94 USDT, up 83% since Feb. 8.

When measured against BTC, ONT is currently trading for nearly 0.00025, up 56.5% in approximately one week.

ONT is currently ranked 21st by market cap with a capitalization of $309 million and dominance of nearly 0.24%.

Do you think the leading markets will trend up or down this week? Share your thoughts in the comments section below!

Images courtesy of Shutterstock

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