Day: January 5, 2018

Indian bitcoin exchanges are raising questions over the applicability of goods and service tax (GST) to their operations.

Ripple’s rapid price expansion has likely made its chairman among the world’s richest people, according to reports. #BRIEF

The American states of Idaho and Alaska have both issued warnings over investments involving cryptocurrencies.

If decentralized app browsers become adopted at a larger scale and the Ethereum network scales, analysts like Novogratz see Ether price surging from its current level. #ANALYSIS

Bitcoin and Ethereum are much too volatile, so we need a new way to settle these currencies. #CT_sponsored #SPONSORED

Bitcoin is gaining altitude today, amid a sharp drop in prices of some alternative currencies. Is $18,000 in sight?

It’s always good to see existing cryptocurrency services support new currencies. In the case of ShapeShift, they have been adding quite a few coins throughout 2017. It seems this trend will carry over into 2018, as the first new currency has been added already. NEO, one of the top 15 cryptocurrencies, is now available for trading on this platform.

Supporting different currencies is the bread and butter of ShapeShift. This service allows users to convert between different currencies without creating an account. Although it can’t be used for major transactions in one go, it has a certain appeal. Especially for users who don’t want to rely on regular exchanges, such a platform can make a big difference. After all, it is convenient, has low fees, and transactions are completed very quickly. Adding NEO to the list of supported currencies makes a lot of sense.

NEO Trading is Live on ShapeShift

As a result of this move, NEO can now be traded against all other supported currencies. This will give the popular altcoin a lot of new trading markets waiting to be explored in the future. Right now, trading NEO is somewhat limited to Bitcoin and Ethereum across most platforms. With ShapeShift, about 30 different combinations are added to this list as we speak. It is always good to have more options at one’s disposal, to say the very least.

As is always the case, it remains to be seen if this will generate more interest in NEO. While it is a popular altcoin, it’s not even close to rivaling Ethereum. That seems a bit odd, considering this altcoin refers to itself as the Ethereum of China. It will be interesting to see how the future plays out for this currency. Its value has gone up steadily throughout 2017 and that trend is still in place during the first week of the new year.

ShapeShift has quickly become one of the most popular cryptocurrency conversion services in the world. Their service is easy to use and a lot of currencies are supported as we speak. The addition of NEO will be beneficial to this company as well, in the long run. For now, it remains to be seen if there is sufficient demand to warrant this addition. Only time will tell if that is effectively the case.

The post ShapeShift Enables NEO Support for Cryptocurrency Enthusiasts appeared first on NewsBTC.

Things are finally getting back on track for Bitcoin. After a rough patch at the end of 2017 and early 2018, the Bitcoin price is finally moving up once again. More specifically, we now have a Bitcoin price of $116,461, which is a nice 10.53% increase compared to 24 hours ago. Whether or not this means we will see a new all-time high Bitcoin price soon, remains to be determined. For now, things look pretty solid, although there is still an overall bearish sentiment in the market.

Bitcoin Price Shows Some Momentum Again

People who have kept an eye on the Bitcoin price these past few weeks may have noticed the world’s leading cryptocurrency hit a snag. More specifically, after a very bullish 2017, the year ended with a Bitcoin price of around $13,000. Although this is still a high value considering we started 2017 around the $1,000 level, people had expected a better end of the year. More specifically, we hit an all-time high of over $19,000 at one point, yet it seems virtually impossible to reach that level once again.

At the same time, this year may finally get off to a good start for the Bitcoin price. More specifically, we finally see some Bitcoin price momentum to move things along once again. Although it is still too early to consider this the road toward a new all-time high, it’s good to see Bitcoin surpass the $16,000 mark once again. After all, it almost feels years ago since we last did so, even though it was just a few weeks. People have a very short memory span in the world of cryptocurrency, to say the least.

Although a 10.53% gain is pretty significant for any cryptocurrency, it matters even more to Bitcoin. After multiple days of slowly sliding down the charts, the Bitcoin price has finally noted a major green candle. As one would come to expect,t his momentum was immediately met with some resistance, although it remains to be seen if the bears can keep the Bitcoin price down for much longer. No one should expect any major shifts to happen in the next few hours, though, as a sharp increase will always lead to a sharper correction.

As is usually the case, Bitcoin’s trading volume makes all other cryptocurrencies look bad. To be more specific, Bitcoin noted close to $22.4bn in 24-hour trading volume, which is an astonishingly high number. A lot of money is moving around in the world of cryptocurrency, although we also need fresh capital to keep coming in. So far, it seems 2018 provides a healthy balance between the two, albeit things can always change at any given moment.

What is rather remarkable is how the leading exchange by Bitcoin trading volume is Binance. More specifically, their TRX/BTC pair generated over $2.38bn, which is rather shocking. Bitfinex is the second exchange on the list, with their BTC/USD trading pair representing $722.17m worth of volume. Binance is in third and fourth place as well, with its respective Ethereum and XRP pairs. A very interesting dynamic is forming in the world of cryptocurrency right now, although it remains to be seen if this is a positive change first and foremost.

How all of this will play out for the Bitcoin price in the next few days, remains to be seen. A lot of people remain hopeful the Bitcoin price will set a new all-time high very soon. In South Korea, one BTC is trading at a price of $21,143. That is quite a steep difference compared to the rest of the world. Whether or not we will see any positive developments in this regard, is anybody’s guess at this point in time. Rest assured the year 2018 will be very interesting for all cryptocurrencies that matter.

Cryptocurrencies have become the talk of the town in the recent months. The growing interest in the digital currencies is interlinked with the rising prices of Bitcoin and other altcoins. While the number of people buying cryptocurrencies continues to grow, its use is currently limited as an investment asset and not an instrument of value exchange on a regular basis — the actual use case for which it was created in the first place. The main reason for that is the lack of options for people to spend the digital currencies they possess.

Cryptopay is a cryptocurrency platform which is designed to make spending and managing Bitcoin easier for its users. While the platform has been offering a range of products for some time now, it has recently added a brand-new Android application to its arsenal. Some of Cryptopay’s product offering includes Bitcoin Wallet, Prepaid Bitcoin Cards, Exchange, Gift Cards and soon to be launched Bitcoin Loans. And so far, users could access it on the platform’s webpage.

Now, users don’t have to rely on their computers or the tiny window on their mobile phone browser to access and manage the services offered by the platform. With a full-fledged application available on all Android powered devices, a majority of the cryptocurrency using population around the world can easily open the application and load their Cryptopay prepaid debit cards from anywhere to continue spending Bitcoin at regular PoS terminals or online payment gateways without any hassle.

Users can also use the app like any other Bitcoin wallet available on Google Play store to send Bitcoin in three simple steps.

• Scan the QR Code with the phone camera
• Choose the amount to be transferred
• Tap and confirm the payment

The Cryptopay Android app follows the earlier launch of its Apple iOS counterpart. It also allows users to order a Bitcoin fueled prepaid physical or virtual card from within the application. The virtual cards are the best bet for online shopping and managing recurring payments whereas the physical card can be used to make withdrawals from ATMs or for paying at Point of Sale terminals where major credit and debit cards are accepted.

The Cryptopay mobile app comes with additional security features like passcode for accessing the application, which is different from the account password. It prevents others from accessing the application, thus safeguarding the funds.

The Cryptopay Android app is available for download at – http://m.onelink.me/90296683 .

iOS users can download at – http://m.onelink.me/71f7b0ac

The post Cryptopay Makes Spending Bitcoin Easier with Its New Android App appeared first on NewsBTC.