Market Analysis March 28, 2018

At the time of writing, the Bitcoin price is sitting at $7,919 representing a loss of 0.34% in the last 24 hours. More than $700M worth of BTC were exchanged in the BTC/USD market representing a 21.34% share of the global daily volume. The BTC/JPY pair represents a 56.48% share.

 

The Ethereum price has dropped 2.02% over the past 24 hours and is currently sitting at $456, with over $250M worth of Ether exchanged in the past 24 hours on the ETH/USD pair which has a 34.3% market share of the daily trading volume.

Bank of England to Test DLT Use in New Settlement System

Yesterday, The Bank of England stated that it is undertaking a new proof-of-concept to explore the ways its planned real-time gross settlement (RTGS) system could connect with distributed ledger networks. The statement reads:

“Although the Bank has concluded that distributed ledger technology (DLT) is not yet sufficiently mature to provide the core for the next generation of RTGS, it places a high priority on ensuring that the new service is capable of interfacing with DLT as and when it is developed in the wider sterling markets.”

Bithumb To Support Crypto Payments At 6,000 South Korean Stores

On Monday, South Korea’s cryptocurrency exchange Bithumb, partnered with a mobile payment service provider named “Pay’s” to support crypto payments at merchant outlets across the country. The deal involves 200 individual and franchised brands to adopt the service at 6,000 shops, including “Sulbing”, “Café Droptop”, and “Yankee Candle”. Bithumb officials revealed:

“This is part of our goal to create an environment in which cryptocurrencies are used extensively”
Read more here

Reddit Disables Bitcoin Payments for Reddit Gold Membership

Reddit no longer accepts Bitcoin payments for its premium membership program, Reddit Gold, although the feature may return to the social media platform in the future. Reddit admin, emoney04, explained that several factors led Reddit to disable Bitcoin payments, most notably the fact that Coinbase is launching a new merchant platform. The admin stated.

“Yup that’s right. The upcoming Coinbase change, combined with some bugs around the Bitcoin payment option that were affecting purchases for certain users, led us to remove Bitcoin as a payment option.”
Read more here

Betrium ICO Soon — 20% Bonus, Global Sports Betting Platform

Betrium is a worldwide bookmaker and betting exchange offering zero fees, innovative volatility stabilization system/hedging for professional traders and also an API for developers and event organizers platform.

Betrium’s mission is to expand and to become a global key-player in the gambling market. Betrium is designed to accept cryptocurrencies (ETH, BTC, LTC, XZC, DASH) from all over the world and process all the transactions at high speeds due to its decentralized nature.

The betting exchange provides support worldwide and the customer support is available in 18 languages and specialists are ready to help the users 24 hours 7 days per week.

The project is supported by Kevin Dolan, World Series of Handicapping 2015 champion, the “The Complete Guide to Sports Betting” book author. Kevin acts as an advisor in the project. Betrium has partnered with VAVEL.com, an international sports media with over 35 million of visits, which became an accredited media of FIFA World Cup 2018. Earlier, Sam Taheri, professional GT and NASCAR pilot, became an advisor and sports representative of Betrium.

Betrium finished Pre-ICO with $1.3 mil raised and launches ICO soon with 20% discount. Project supported by world’s betting champions and gambling industry leaders.

Recently, Betrium released the demo of the sportsbook, which is available here. To learn more about Betrium visit their Website, Twitter or join the conversation on Telegram.

Eken Cloud Mining returns to CryptoCompare with unbeatable prices!

EKEN Cloud Mining company appears in the mining market with very low prices compared to the competition. EKEN Cloud Mining was founded in 2016, and has its mining operation in Canada. The company provides daily payouts with a minimum amount of 0.0047 BTC and 0.12 ETH.

With EKEN Cloud Mining services users can mine Bitcoin and Ethereum. EKEN takes care of the hardware configuration, maintaining uptime and selecting the most efficient and reliable pools. Since customers can purchase any amount of mining power they want, the level of investment will depend only on the costumer’s ambition.

EKEN Cloud mining is greatly suited for novice miners who would like to try out mining and earning cryptocurrency, but don’t want the hassle or risks of hosted or home-based mining.

Note from CryptoCompare:

We have received several complaints from our users, regarding EKEN – a cloud mining company. In the last weeks, our team was in direct contact with the company that provides cloud mining services to EKEN and has confirmed the existance of the mining material as well as the validity of the contracts concluded between the two companies.

CryptoCompare has no reasons to distrust this company, but in any case, please do your due diligence when dealing with any cryptocurrency-related service.

Posted on March 29, 2018 in Market Analysis

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Humza Hamid

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BEL 3.0 was established by a diverse range of individuals united by the greater vision that Blockchain and peer-to-peer technologies can profoundly solve real-world problems.

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