Bithumb has associated with the Korea Pay Service to entitle cryptocurrencies in 6,000 outlets and 8,000 outlets at the beginning and end of the year. Ripple has been the popular crypto traded in South Korea. The trade volume of Ripple amounts to 14.88% of the total trading per day concerning Bithumb crypto exchange.
The bitcoin price has experienced a downfall. The opening price of the crypto was at $7,300 level. It is observed that the ban of crypto ads in Twitter would have resulted in the downfall. CoinDesk reports, “Bitcoin looks set to revisit the March 18 low.” Presently the crypto is traded at $7,900 level.
A cryptocurrency exchange and aggregator, whose parent company is headquartered in Singapore, CoinSwitch foresees way out to get into the Indian market. Reported, the world’s largest cryptocurrency exchange has opened an office in Bengaluru as a kick-start to expand its business.
Low-value Bitcoin gift vouchers have gained popularity in India’s IT hub and as well encourage the citizen to get into cryptocurrency. Reported, coffee shops in Hyderabad are offering gift vouchers starting at INR 200 ($3). As the result, the vouchers have become an option to surprise their friends, family members and even as a treat for themselves.
Collaboration made by Bithumb and Korea Pay’s Service expected to develop virtual currencies available at thousands of outlets. Both companies will work together in making sure numbers of customers allowed to use the service to pay at 6,000 outlets all over the country. As per a report, 6,000 outlets are the target for the first half of the year meanwhile 8,000 targeted to be opened by the end of the year.
One of the successful ICO, Ripple has been planning to make a grand entrance into China and as well as an effort expanding its token in the Asian markets. According to the head of Ripple’s regulatory regulations, Sagar Sarbhai “This year you will see more announcements coming in on China, in terms of educating and differentiating us from some of the other cryptocurrencies that are out there.”
The general manager of Coinbase, Dan Romero stated that the plan to add new cryptos listing in their platform has been considered yet highlighted no announcement to be made so far. He added, “If the regulatory environment gets clearer, I think you will see Coinbase adding many new assets to our platform.”
“Bitcoin swung between gains and losses near the $8,000 level,” reports Bloomberg. It is reported that the largest crypto trade was recorded by 11 am in a Hong Kong exchange at $7,847.87. The crypto price has weakened overnight following the ban on crypto ads by Twitter. The crypto price has declined by 25% in March. Presently, bitcoin is traded at $7,800 level.
Bitcoin price may drop down to $8,000, the technical analysis of CoinDesk price index indicates. The crypto price was last observed to have been above $9,000 on 20th March. However, resistance beyond the level thrashed. CoinDesk reports, “Weekly chart favors a drop to $6,600.” Presently the price is at $8,087.04.
An announcement has been made by President Maduro regarding the authorization of real estate deals in Petro. As per reported, funds from the pre-sale of the oil-backed cryptocurrency will be used to finance the construction of 230, 000 new homes by the government.