Connect with us

News

Bitcoin, Ethereum, Ripple: the market is ready to enter the phase of consolidation

Published

on

Recovery of the cryptocurrency market   Gaining momentum, so Bitcoin and all the main altcoins are green this morning, although the momentum seems to be dying out.  

The total capitalization of digital assets in circulation amounted to $ 133.6 billion, which is the best result since February 24. Coins from the top 20 rose from 1% to 12%, with the exception of Maker and Tether, whose value has slightly decreased.

Bitcoin (BTC) is trading at $ 3,918 with an income of less than 1% in the last 24 hours. However, the short-term trend remains bullish. A steady move above $ 3,800 alleviated the immediate bearish pressure and improved the technical picture.  

The price of Ethereum (ETH) , the second largest market capitalization of the coin, is $ 139, which is below the intraday high of $ 140.21. The coin made another unsuccessful attempt to clear the critical resistance level, but it turned out to be a tough nut to crack. Ethereum has grown by almost 2% since that time on Tuesday, moving in sync with the market. Upward momentum may gain momentum later in the day.

Ripple (XRP) is in a narrow range of about $ 0.31, an increase of 0.93% per day. The coin recovered slightly after weekly losses.

Binance Coin (BNB) is the most effective coin from the top 20. BNB moved up to 7th place in the cryptocurrency charts, gaining almost 50% in the last seven days. The coin is trading at $ 15.27, which is 13.17% higher than at this time on Wednesday.

What do you think about the situation in the cryptocurrency market?  

News

OKEx is going to launch futures on Tron on May 20,

Published

on

OKEx Crypto Exchange announced the launch of futures contracts for Tron (TRX). A new financial product will appear on the trading platform already on May 20 at 10:00 Moscow time.

Justin Sun, CEO of the Tron Foundation, said that with the launch of the OKEx futures platform on the TRX, the number of transactions with a digital coin will reach 15 million per day. Note that on the eve of the network appeared information that the daily number of users of the platform of decentralized applications from Tron reached 100 thousand, exceeding the achievements of Ethereum and EOS.

The Tron project token currently occupies the 11th position in the cryptocurrency rating in terms of market capitalization. Recently, TRX was listed on the P2PB2B crypto exchange, and the number of smart contracts in the Tron-blockchain reached almost a thousand.

OKEx futures will be settled on a weekly, fortnightly, and quarterly basis. The maximum allowable shoulder size for this derivative is 20x. The new tool will combine data for the TRX / BTC pair, taking into account the performance of three crypto-exchanges – Binance, Huobi, OKEx.

TRX futures

By the way, this week the team Tron left Lucien Chen, technical director of the project. He explained his departure to the fact that TRX is no longer decentralized, now Chen is going to develop his own project, the Volume Network (VOL), which will strive to achieve the goals that were moved to the Tron Foundation.

Continue Reading

News

The Central Bank of Great Britain for the first time recognized the huge potential of Bitcoin

Published

on

For the first time, a representative of the Central Bank of Great Britain commented positively on cryptocurrency and Bitcoin , in particular.

For a long time, the British financial regulator spoke extremely negatively about Bitcoin and doubted its reliability as a form of capital preservation.

For example, at the end of April, the Deputy Head of the Office for Markets and Financial Affairs of the Central Bank of the Kingdom, Dave Ramsden, reaffirmed the negative attitude of the regulator to the cryptosphere.

However, this week, the chief economist of the British Central Bank Andrew Haldane, during his speech to the students for the first time, acknowledged not only reliability, but also the gigantic prospects of Bitcoin. In his opinion, the largest cryptocurrency will be able to completely replace cash in the next 20-30 years.

Haldane said that he was following the development of the cryptocurrency industry and was aware of the existence of thousands of coins. Nevertheless, despite the fact that for the first time one of the influential employees of the British Central Bank noted the growing value of Bitcoin, the position of the regulator’s management is unlikely to change anytime soon, analysts say.

But it is quite possible that, following the chief economist, many other senior officials of the Central Bank will reconsider their position, and this will create conditions for the British Bitcoin regulator to be fully recognized as a reliable payment instrument.

Publication date 19/05/2019
Share this material on social networks and leave your opinion in the comments below.


Continue Reading

News

OKEx Exchange will launch TRON

OKEx cryptocurrency exchange announced the launch of TRON (TRX) cryptocurrency futures. TRON (TRX) futures trading will be available from 08:00 May 20, 2019 (CET, UTC + 1). Details as follows: https: //t.co/344ykd3iGi – OKEx (@OKEx) 17 May 2019 p. The new financial instrument will be available for trading on Monday, May 20. The following are the specifications of the TRON futures: […]

Published

on

cryptocurrency futures

OKEx cryptocurrency exchange announced the launch of TRON (TRX) cryptocurrency futures.

The new financial instrument will be available for trading on Monday, May 20. The following are the TRON futures specifications:

Derivatives calculations will be made on a weekly, fortnightly and quarterly basis. The maximum possible shoulder size of this futures is 20x. The instrument will be based on data on the TRX / BTC currency pair from OKEx, Huobi and Binance exchanges.

OKEx also reported that more than 557 million OKB tokens were purchased and burned this week. Since the start of the program (May 4, 2019), more than 1 million native tokens of the exchange have been destroyed.

Recall the other day TRON support announced Opera browser.

Follow BlockchainJournal on Twitter !

<< aside id = "unisender_subscribe_form-10" class = "widget unisender_form">

BlockchainJournal.news

BlockchainJournal.news

Continue Reading
Advertisement

Name Price24H (%)
Bitcoin (BTC)
$7,933.00
7.57%
Ethereum (ETH)
$254.43
6.91%
XRP (XRP)
$0.403667
6.94%
Bitcoin Cash (BCH)
$399.89
10.82%
EOS (EOS)
$6.29
5.41%
Stellar (XLM)
$0.140364
4.65%
Litecoin (LTC)
$93.48
7.01%
Cardano (ADA)
$0.085708
5.18%
Tether (USDT)
$1.00
-0.08%
Monero (XMR)
$86.73
6.16%
Advertisement

Trending

Copyright © 2018 blockchainjournal.news