By Worldspectrum from Pexels
Latest cryptocurrency news and prices, 30 August 2019
Bitcoin is retesting support above $9,500 while several altcoin markets are flashing green. Here are your latest cryptocurrency news and prices.
By Worldspectrum from Pexels
Bitcoin ATM operators are now required to apply for licensing schemes are per an announcement from Nevada’s regulators. The OG cryptocurrency is still testing the $9,500 support with several altcoins reporting minor gains. Here are your latest cryptocurrency news and updates.
Latest Bitcoin (BTC) news and prices
Bitcoin (BTC) and cryptocurrency ATM’s are required to have a licensing scheme as per a statement from authorities in Nevada.
As per a statement released by Nevada Current, a local news publication, the state’s finance regulator, all crypto ATM operators are expected to conform to existing rules.
The statement reads:
“Any entity that facilitates the transmission of or holds fiat or digital currency by way of brick-and-mortar, kiosk, mobile, internet or any other means, should contact the NFID to request a licensure determination.”
(Trading at $9,591.00 at 14:00 30 August 2019)
Latest Ethereum (ETH) news and prices
Yesterday, there was a sharp decline in ETH price below the $182 and $180 supports against the US Dollar. The price even closed below the $180 support and the 100 hourly simple moving average. Finally, there was a break below the $170 support and the price traded to a new monthly low near the $164 level. Similarly, there were heavy downsides in bitcoin, ripple, EOS, and binance coin.
(Trading at $170.41 at 14:00 30 August 2019)
Latest Ripple (XRP) news and prices
On Aug. 29, MorningStar Japan, a subsidiary of financial services giant SBI Holdings, announced that it will offer its shareholders dividends in the form of XRP tokens.
According to the statement, the Japanese company will offer 30 XRP to its shareholders if they hold a minimum of 100 shares by Sept. 30.
Read more at cointelegraph.com
(Trading at $0.255883 at 14:00 30 August 2019)
Bitcoin Cash (BCH) news and prices
BCH/USD is on the course of having four straight bearish days in a row. So far this Friday, BCH/USD has gone down from $280.40 to $274.50. In the last four days, the price fell from $310.65 to $274.50. The two latest sessions have taken the price below the lower curve of the 20-day Bollinger band, which indicates that BCH/USD is currently underpriced and awaits bullish correction. The hourly breakdown shows that BCH/USD fell from $276.60, where it met support and went up to $282.35. Since then, it went down to $279.40, trended horizontally for a bit and then fell to $274.50. The bulls will want to rally together and fight back as BCH/USD approaches the critical $264.50 support level.
(Trading at $282.26at 14:00 30 August 2019)
Litecoin (LTC) news and prices
The increasingly troubled altcoin, currently the fifth-largest cryptocurrency by market cap, has losCharlie Lee, creator of Litecoin has vowed to remain committed to funding the Litecoin Foundation despite the talks about the company’s financial issues. He said that the crypto bear market has taken a toll on the Foundation’s numbers. Since 2017, his donations have accounted for around 80% of the Foundation’s funding.
Lee stated:
“The goal, of course, is to get Litecoin Foundation to be self-sustaining from donations, partnerships and merchandise sales. Until we get to that point, I have and will continue to support the Litecoin Foundation financially as necessary.”
t 30% of its value since the halving, which occurred on August 5. Data from monitoring resource Bitinfocharts.com confirmed the drop.
At press time Wednesday, LTC/USD traded at $72.35, its lowest since the start of May.
The grim reading for Litecoin investors capitalizes on the teething problems which have beset for Litecoin and altcoins more broadly this year, as Bitcoin soars at their expense.
(Trading at $64.33 at 14:00 30 August 2019)
Tether (USDT) news and prices
A mere year after China issued a blanket ban on local fiat on-ramps for crypto exchanges, traders in the nation continue to keep the market bustling by making use of Tether (USDT), the U.S. dollar-backed stablecoin.
Alexander Pack, the co-founder of Dragonfly Capital Partners stated:
“Crypto trading businesses are restricted from accessing banking services in China, but they are thriving nonetheless.”
Generally, traders in nations where crypto exchanges have banking restrictions work around them by using stablecoins. As per data from CoinMarketCap, USDT activity reached an all-time high this month with global market capitalization surpassing $4 billion. According to Bloomberg, USDT is used in 40 to 80% of all transactions on both Binance and Huobi, with Binance now offering loans based on Tether collateral.
(Trading at $1.00 at 14:00 30 August 2019)
Binance Coin (BNB) news and prices
The price of Binance Coin has seen a major decline of 11.7% over the past 24 hours, as it’s currently trading at around $21.90. The drop can largely be attributed to the 7% price decline of Bitcoin, though BNB has fallen further against BTC. Binance Coin has now declined by over 17% throughout the past week, having broken below support at the 200-day EMA.
Binance Coin is currently the seventh largest cryptocurrency by market value, with a market cap of $3.48 billion.
(Trading at $22.54 at 14:00 30 August 2019)
EOS news and prices
EOS/USD is on the course of having a bullish day after three straight bearish days. Over Tuesday, Wednesday, and Thursday, the price of EOS/USD had fallen from $3.58 to $3.20. So far, the bulls were able to take the price up to $3.21 slightly. The price has found resistance on the downward trending line and is trending below the 200-day simple moving average (SMA 200), SMA 50 and SMA 20 curves. The relative strength index (RSI) curve has crept into the oversold zone.
(Trading at $3.26 at 14:00 30 August 2019)
Bitcoin SV (BSV) news and prices
The Bitcoin SV blockchain continues to revolutionize several industries and to transform business models across the world. By being the most scalable blockchain, it has given businesses the freedom to develop applications that can support thousands of transactions per second at incredibly low fees. Moreover, Bitcoin SV has greatly simplified financial auditing procedures, giving businesses the ability to implement automated and self-enforced auditing processes.
Bitcoin SV supports the building of business applications that support smart contracts. These contracts, which self-execute when certain pre-determined conditions are met, enable businesses to automate financial auditing procedures. Additionally, the Registry and Automated Management Method for Blockchain-Enforced Smart Contracts ensures that such contracts are fully compliant.
(Trading at $128.57 at 14:00 30 August 2019)
Stellar (XLM) news and prices
Stellar XLM/USDT on BitAsset exchange is 0.06. The trading volume on BitAsset is 38031.00.
Stellar XLM/BTC on BTCNEXT exchange is 0.06. The trading volume on BTCNEXT is 432648.00.
Stellar XLM/BTC on Bitsdaq exchange is 0.06. The trading volume on Bitsdaq is 106688.00.
Stellar XLM/BTC on Huobi Korea exchange is 0.06. The trading volume on Huobi Korea is 33971.00.
Read more at icobrothers.com
(Trading at $0.063043 at 14:00 30 August 2019)
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