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Major Latin American E-Commerce Company Bans Cryptocurrency-Related Ads

The largest e-commerce company in Latin America, Mercado Livre, has prohibited cryptocurrency advertising on their website. The largest e-commerce company in Latin America, Mercado Livre, has banned cryptocurrency advertising on their website, Cointelegraph em Português reported on March 18. The development was revealed in an exclusive interview with Cointelegraph em Português after the company’s users reported receiving of emails informing them about the change in Mercado Livre’s policy. The new policy requires all users to remove their listings pertaining to digital currency, otherwise all listings will automatically be taken down from the platform starting March 19. One of the users received a letter, saying: "We would like to inform you that as of March 19, you will no longer be able to advertise used products in the following categories: - Cryptocurrencies - Prepaid cards for games Because you have ads for used products that will soon be banned, we recommend that you end them. Ot..

Major Crypto Exchanges Huobi Global and OKEx Launch Support for Tron-Based...

Two major crypto exchanges — Singapore-headquartered Huobi Global and Malta-based OKEx — have announced their support for the Tron-based version of stablecoin USDT. Two major crypto exchanges — Singapore-headquartered Huobi Global and Malta-based OKEx — have announced their support for the Tron-based version of stablecoin Tether. The developments were announced in two official announcements, both published on March 21. In early March, blockchain protocol Tron (TRX) and Tether, issuer of stalwart stablecoins USDT and EURT, announced their partnership to issue a TRC-20-based USDT — a term that indicates adherence to a technical token standard supported by the Tron blockchain. The new token is designed to be interoperable with all Tron-based protocols and decentralized applications to improve liquidity in the ecosystem. In their respective announcements, both Huobi Global and OKEx cite user needs and demands for a full spectrum of stablecoin trading, with both noting their platforms now ..

Major Coins See Mixed Signals, Gold Reacts Positively to US Federal...

Cryptocurrency markets ares seeing mixed signals, with U.S. crude reaching $60 for the first time in around four months. Wednesday, March 20 — cryptocurrency markets are seeing mixed signals today after moderate growth yesterday. Most top coins are slightly down, with Bitcoin (BTC) trading at around $4,060 at press time. Market visualization from Coin360 BTC is down around 0.13 percent over the last 24 hours, and is trading at around $4,063 at press time. The leading digital currency has seen low volatility during the day, having dropped to as low as $3,993, while the intraday high reached $4,079. As reported earlier today, multiple respondents have filed comments with the United States Securities and Exchange Commission on the latest proposed rule change for the VanEck/SolidX Bitcoin exchange-traded fund (ETF). Among the seven comments filed thus far, six strongly urge the regulator not to approve the VanEck/SolidX proposal. Bitcoin 24-hour price chart. Source: CoinMarketCap ​​​​​​..

Major Cryptocurrencies See Slight Gains, Palladium Hits $1,600 for The First...

Crypto markets are seeing a tint of green, with just a few top coins in the red. Bitcoin is hovering over the $4,000 mark. Tuesday, March 19 — cryptocurrency markets are mostly trading in the green zone, with Bitcoin (BTC) hovering above the $4,000 mark. Market visualization from Coin360 During the day, BTC has been trading in a narrow corridor between $4,031 and $4,082. At press time, the leading coin is trading at around $4,059, up around 0.62 percent on the day. Today, major cryptocurrency exchange Binance announced that its new service “Binance Lite” will enable the exchange’s Australian customers to purchase Bitcoin with fiat currency from supported newsagents. Bitcoin 7-day price chart. Source: CoinMarketCap The second largest crypto by market capitalization, Ethereum (ETH), is trading at $139.88, having gained 0.19 percent on the day at press time. Today, the altcoin dipped to its lowest price point of the week at $139.15, following an intraweek high of $144.43 on March 16. ..

Major Crypto Exchange and Wallet Coinbase Adds Support for Stellar Lumens

Coinbase announced that support for Stellar Lumens (XLM) has been added to its services, including iOS and Android apps. United States-based cryptocurrency exchange and wallet service provider Coinbase has added support for Stellar Lumens, according to an announcement published on March 18. The update states that users can now store, buy, and send Stellar’s cryptocurrency, the Stellar Lumen (XLM), on the Coinbase website, as well as on the Coinbase iOS and Android apps. The publication underlines that the newly added cryptocurrency will be available for the majority of the customers, with the exception of Coinbase users in the United Kingdom or in the U.S. state of New York. Last week, the company’s professional trading platform, Coinbase Pro, announced the start of accepting XLM deposits. As Cointelegraph reported on March 17 in a market analysis, the price of the Stellar’s cryptocurrency XLM has risen sharply, making XLM the best performing major cryptocurrency of the past week. Yes..

Report: Major South Korean Crypto Exchange Bithumb to Lay Off Up...

Major South Korean cryptocurrency exchange Bithumb is reportedly slashing up to 50 percent of its workforce. Major South Korean cryptocurrency exchange Bithumb is reportedly cutting up to 50 percent of its workforce, a report from CoinDesk Korea stated on March 18. According to the report, an unnamed official has confirmed that the exchange will reduce its staff from 310 (at the start of March) to around 150, and is offering a voluntary redundancy plan and training support to employees: “Voluntary retirement is part of our support program for former employees and is intended to provide assistance and training for job placement. Apart from that, [Bithumb’s] trading volume has decreased compared to the previous year, [so] we are trying to provide internal measures. We will continue to add necessary personnel for various new businesses.” To press time, Bithumb has not responded to Cointelegraph’s request for comment. Amid the crypto winter, Bithumb’s reported move to reduce its head coun..

Bitcoin Cash Grows as Major Oil Futures Show Mixed Movements

Most of the top cryptocurrencies and Bitcoin are reporting slight to noteworthy losses on the day as Bitcoin Cash sees gains. Monday, March 18 — most of the top 20 cryptocurrencies are reporting slight to noteworthy losses on the day by press time. Bitcoin is down just over one tenth of a percent on the day, trading at around $4,024, according to CoinMarketCap. Looking at its weekly chart, the current price is just under three percent higher than $3,906, the price at which Bitcoin started the week. Bitcoin 7-day price chart. Source: CoinMarketCap Co-founder of advisory firm Fundstrat Global Tom Lee today noted the apparent correlation between Bitcoin’s price action and emerging markets in a tweet. Ethereum (ETH) is holding onto its position as the largest altcoin by market cap, which is at about $14.6 billion. The second-largest altcoin, Ripple (XRP), has a market cap of about $13 billion by press time. ETH is down by about one percent over the last 24 hours. At press time, ETH is tr..

Bitcoin (BTC) Goes past $4,000, Ethereum (ETH) Chases $150 as Major...

The bulls are back. The start of the weekend has brought back optimism to crypto market after a moment of stagnation and talks of an impending downtrend. The cryptocurrency has added $6 billion in a matter of hours as top cryptocurrencies record significant gains in the last 24 hours. Among the top coins, Bitcoin Cash leads the charge with almost 20 percent gain since yesterday. Other altcoins including Ethereum (ETH), Litecoin (LTC) and EOS (EOS) post gains against BTC whose market dominance drops further. Cryptocurrency Market Summary Bitcoin stays above $4,000 in fresh market rally $6 billion added to the crypto market in the last 24 hours Bitcoin Cash (BCH) is the best performer of top coins with 17% gains Ethereum Scales $140 mark and makes case for $150 Bitcoin (BTC) Price Today / USD Name Price24H (%)$4,014.93 2.73% Bitcoin has eventually reached and sustained a position above the $4,000 mark following a crypto market rally going into the weekend. At the time of writing, BTC i..

Bitcoin (BTC) Price Will See Major Breakout this August, Says Fundstrat’s...

Thomas Lee, the co-founder, Managing Partner and the Head of Research at Fundstrat Global Advisors has predicted a major turnaround in bitcoin price around August. Lee who is a known bitcoin fan spoke during an interview with CNBC where he raised fresh hopes of bitcoin Bull Run this year. He said: “I think the key number to watch is the 200-day moving average…If Bitcoin holds above $4,000, it’ll cross its 200-day [moving average] by August, so I think the outside window is five to six months before Bitcoin starts to look technically like it’s back in a bull market.” He faulted the controversial hardfork of Bitcoin Cash (BCH) which caused a massive downturn in cryptocurrency markets around November. “I think it really undermined investor confidence and the dynamics around the market,” he told CNBC. “I think the damage that really needs to be repaired is that drop from $6,000 to $3,100” Bitcoin (BTC) Price Predictions for 2019 In February, Bitcoin and some other major cryptocurrencie..

Major UK Energy Company Acquires Stake in Blockchain Firm Electron

U.K. energy supplier OVO has announced a strategic investment in blockchain energy technology company Electron. Major United Kingdom energy company OVO has invested in blockchain firm Electron through its recently launched technology division, Kaluza. The development was announced in an OVO blog post published on March 12. Kaluza — an intelligent grid technology company that provides software and hardware products to the energy sector — has reportedly made an investment in Electron, a London-based energy tech company that uses blockchain technology. The move aims to facilitate Electron’s deployment of distributed energy trading platforms. Electron will purportedly use the proceeds of the investment to develop its energy platforms and systems, or its distributed flexibility marketplace. “The development of Electron’s shared asset register will be crucial to supporting the growth of Kaluza and deliver on its mission to securely connect all devices to an intelligent zero-carbon grid,” th..
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