Bitcoin Up for now, as Focus Shifts to the G20

Bitcoin was up 1.52% to $8,312.91 at the time of writing, with Bitcoin Cash the only major crypto sitting in the red at the time of writing. With Bitcoin sitting at the day’s 38.2% FIB Retracement Level of $8,305.8, a move back through to today’s intraday high $8,461.38 would support a run at today’s 1st major …

That was quite a weekend for Bitcoin, which had slipped 4.86% on Saturday, off the back of a sharp pull back from the day’s intraday high $8,356.4 that continued through to Sunday’s intraday low $7,325.37, struck late in the afternoon.

Market sensitivity to the news wires was evident once more as investors responded to the news of Twitter’s plans to ban crypto ads in the weeks ahead. Just how damaging such a move will actually be to the likes of Bitcoin is unclear but, with Facebook and Google having already introduced bans, much of the damage is likely to have already been done and the cryptomarket is still alive and kicking.

A Sunday evening bounce back through to an end of day $8,280 was quite a jump in the final hours of the weekend, with Bitcoin moving through and holding above the day’s first major resistance level of $8,232.2, particularly when considering that Bitcoin had fallen through the day’s 1st and 2nd support levels just hours earlier with relative ease.

News hitting the wires of expectations that the G20 will not look to introduce damaging regulations provided much needed support for the cryptos late Sunday and for Bitcoin through the early part of this morning.

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BTC/USD 19/03/18 Hourly Chart

Bitcoin was up 1.52% to $8,312.91 at the time of writing, with Bitcoin Cash the only major crypto sitting in the red at the time of writing.

With Bitcoin sitting at the day’s 38.2% FIB Retracement Level of $8,305.8, a move back through to today’s intraday high $8,461.38 would support a run at today’s 1st major resistance level of $8,598.21, though we will expect Bitcoin to face plenty of resistance at $8,400 levels. Bitcoin has managed to gain more than $1,000 since Sunday evening’s low and, while there is talk of the G20 taking a softly softly approach to the cryptomarket, last week’s session in Congress suggests otherwise and some caution would certainly be needed.

A failure to break through to $8,500 levels will likely test investor resolve later in the day, which could see Bitcoin pull back through to today’s intraday low $8,130.01, with any fall to below the day’s 23.6% FIB Retracement Level of $7,931 likely to bring support levels into play this evening.

Looking across at the Cboe Bitcoin Futures April contract, this morning’s $245 fall to $8,340 supports current levels, though we will expect the news wires to ultimately decide the fate of Bitcoin through the day, as investors look to avoid another sell-off later in the day.

Elsewhere, Cardano trail blazed through the morning, gaining 6.83% at the time of writing, with the rest of the majors failing to make any gains of beyond 2%.

We can expect a choppy week ahead and with volatility comes opportunity, support for cryptocurrencies appearing to be unwavering for now.

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Circle Goes on a Hiring Spree to Improve Service at Poloniex

The app supports bitcoin (BTC), bitcoin cash (BCH), ethereum (ETH), ethereum classic (ETC) and litecoin (LTC). Since 2013 Circle has raised about $140 million from major investors, including $50 million venture capital round led by Goldman Sachs. It claims to handle cryptocurrency trade worth over …
Circle Goes on a Hiring Spree to Improve Service at Poloniex
Services
7 hours ago |

By

Avi Mizrahi

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One of the main concerns for the cryptocurrency investing community over the last year was the ability of exchanges to handle the huge influx of new traders into the ecosystem. Circle seems to have picked up on that sentiment, going on a hiring spree in order to improve the service at its recently acquired venue Poloniex. The move is meant to help the exchange expand globally, with an emphasis on serving Asian clients, while Circle continues to focus on the US market.

Also Read: Wirex to Launch Cryptocurrency Debit Cards in Asia During Q2 2018

Improving Global Services at Poloniex

Circle Goes on a Hiring Spree to Improve Service at PoloniexCircle Internet Financial Ltd., the Boston-headquartered fintech startup that acquired Poloniex last month, will reportedly expand the cryptocurrency exchange’s staff with a hundred new employees. The move is meant to improve the operations, customer support and technology for Poloniex clients around the world. Specifically, Circle is said to hire between 25 and 35 extra people to grow its operations in Asia, expanding a local workforce of just ten in Hong Kong and mainland China, and creating new offices for South Korea and Japan.

Besides focusing on localized services, it appears that Circle will also make sure Poloniex cooperates with regulators in different markets. “The long-term view is that every form of value on the planet will become a crypto token. We want to offer more markets, more assets, we want to localize it, and launch it in more international markets and, critically, we need to work with the most important regulators,” co-founder Jeremy Allaire said in a Bloomberg interview.

Expanding Circle Invest in the US Market

Circle Goes on a Hiring Spree to Improve Service at PoloniexWhile Poloniex is expanding to new locations Asia, Circle is expanding the reach of its own services in the US market. The company announced last week that Circle Invest, its native cryptocurrency trading mobile app, has been made available (in early access availability) to residents of forty-six US states (all except for NY, MN, HI, and WY). The app supports bitcoin (BTC), bitcoin cash (BCH), ethereum (ETH), ethereum classic (ETC) and litecoin (LTC).

Since 2013 Circle has raised about $140 million from major investors, including $50 million venture capital round led by Goldman Sachs. It claims to handle cryptocurrency trade worth over $1 billion per month. Circle reportedly paid $400 million for the Poloniex deal.

Are you looking forward to trade with a more costumer service capable cryptocurrency exchange? Share your thoughts in the comments section below!


Images courtesy of Shutterstock.


Do you like to research and read about Bitcoin technology? Check out Bitcoin.com’s Wiki page for an in-depth look at Bitcoin’s innovative technology and interesting history.

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SmartCash Price Tops $0.16 on Top Exchanges (CRYPTO:SMART)

Ethereum Classic (ETC) traded up 6.7% against the dollar and now trades at $16.60 or 0.00200154 BTC. Nano (NANO) traded 8.5% higher against the dollar and now trades at $7.82 or 0.00094246 BTC. Bitcoin Gold (BTG) traded 7.1% higher against the dollar and now trades at $59.94 or 0.00722862 …

SmartCash logoSmartCash (CURRENCY:SMART) traded 4.5% higher against the US dollar during the 24 hour period ending at 1:00 AM ET on February 24th. One SmartCash coin can now be bought for about $0.16 or 0.00001904 BTC on popular exchanges including CoinExchange, Stocks.Exchange, Cryptopia and CryptoBridge. SmartCash has a market cap of $127.15 million and approximately $160,365.00 worth of SmartCash was traded on exchanges in the last 24 hours. Over the last seven days, SmartCash has traded 24.3% lower against the US dollar.

Here is how similar cryptocurrencies have performed over the last 24 hours:

  • Bitcoin (BTC) traded up 7.9% against the dollar and now trades at $8,301.26 or 1.00000000 BTC.
  • Ethereum (ETH) traded up 4.6% against the dollar and now trades at $542.05 or 0.06536800 BTC.
  • Bitcoin Cash (BCH) traded up 1.9% against the dollar and now trades at $932.05 or 0.11240100 BTC.
  • Litecoin (LTC) traded 3.4% higher against the dollar and now trades at $153.76 or 0.01854230 BTC.
  • Monero (XMR) traded 11.4% higher against the dollar and now trades at $210.81 or 0.02542290 BTC.
  • RaiBlocks (XRB) traded 32.3% higher against the dollar and now trades at $18.58 or 0.00186028 BTC.
  • Ethereum Classic (ETC) traded up 6.7% against the dollar and now trades at $16.60 or 0.00200154 BTC.
  • Nano (NANO) traded 8.5% higher against the dollar and now trades at $7.82 or 0.00094246 BTC.
  • Bitcoin Gold (BTG) traded 7.1% higher against the dollar and now trades at $59.94 or 0.00722862 BTC.
  • Zcash (ZEC) traded 11.8% higher against the dollar and now trades at $239.36 or 0.02886610 BTC.

SmartCash Profile

SMART is a proof-of-work (PoW) coin that uses the Keccak hashing algorithm. Its launch date was June 11th, 2017. SmartCash’s total supply is 1,406,561,855 coins and its circulating supply is 805,517,576 coins. SmartCash’s official Twitter account is @scashofficial. SmartCash’s official website is smartcash.cc. The Reddit community for SmartCash is /r/smartcash and the currency’s Github account can be viewed here. SmartCash’s official message board is forum.smartcash.cc.

According to CryptoCompare, “SmartCash is a community governance, cooperation & growth focused cryptocurrency based on the Keccak algorithm. The team uses 80% of the block reward to fund not only the community projects, but also the growth & development of SmartCash. “

SmartCash Coin Trading

SmartCash can be purchased on these cryptocurrency exchanges: Stocks.Exchange, CryptoBridge, CoinExchange, Cryptopia and HitBTC. It is not currently possible to buy SmartCash directly using U.S. dollars. Investors seeking to trade SmartCash must first buy Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as Gemini, Changelly or Coinbase. Investors can then use their newly-acquired Ethereum or Bitcoin to buy SmartCash using one of the exchanges listed above.

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SIBCoin Price Reaches $1.26 (CRYPTO:SIB)

RaiBlocks (XRB) traded up 32.3% against the dollar and now trades at $18.58 or 0.00186028 BTC. Ethereum Classic (ETC) traded 5.7% higher against the dollar and now trades at $16.42 or 0.00200404 BTC. Nano (NANO) traded up 6.7% against the dollar and now trades at $7.67 or 0.00093644 BTC.

SIBCoin logoSIBCoin (CURRENCY:SIB) traded 7.8% higher against the US dollar during the 1-day period ending at 1:00 AM Eastern on March 4th. During the last week, SIBCoin has traded 33.4% lower against the US dollar. One SIBCoin coin can now be purchased for approximately $1.26 or 0.00015441 BTC on exchanges including Bittrex, C-CEX, BTC-Alpha and Livecoin. SIBCoin has a market cap of $20.90 million and approximately $109,672.00 worth of SIBCoin was traded on exchanges in the last day.

Here is how similar cryptocurrencies have performed during the last day:

  • Bitcoin (BTC) traded 7.1% higher against the dollar and now trades at $8,222.80 or 1.00000000 BTC.
  • Ethereum (ETH) traded 3% higher against the dollar and now trades at $533.62 or 0.06511100 BTC.
  • Bitcoin Cash (BCH) traded up 0.8% against the dollar and now trades at $921.71 or 0.11246500 BTC.
  • Litecoin (LTC) traded up 2.7% against the dollar and now trades at $152.75 or 0.01863780 BTC.
  • Monero (XMR) traded up 8.1% against the dollar and now trades at $204.65 or 0.02497030 BTC.
  • RaiBlocks (XRB) traded up 32.3% against the dollar and now trades at $18.58 or 0.00186028 BTC.
  • Ethereum Classic (ETC) traded 5.7% higher against the dollar and now trades at $16.42 or 0.00200404 BTC.
  • Nano (NANO) traded up 6.7% against the dollar and now trades at $7.67 or 0.00093644 BTC.
  • Bitcoin Gold (BTG) traded 6.2% higher against the dollar and now trades at $59.27 or 0.00723147 BTC.
  • Zcash (ZEC) traded 11.4% higher against the dollar and now trades at $238.35 or 0.02908320 BTC.

SIBCoin Coin Profile

SIBCoin is a proof-of-work (PoW) coin that uses the X11GOST hashing algorithm. Its launch date was May 9th, 2015. SIBCoin’s total supply is 16,528,421 coins. SIBCoin’s official Twitter account is @SibChervonec. SIBCoin’s official website is sibcoin.money.

According to CryptoCompare, “SibCoin is the cryptocurrency designed for the Siberian Community. It provides fast, anonymous and cheap transactions. “

Buying and Selling SIBCoin

SIBCoin can be traded on the following cryptocurrency exchanges: C-CEX, Cryptopia, BTC-Alpha, YoBit, Livecoin and Bittrex. It is not currently possible to buy SIBCoin directly using US dollars. Investors seeking to acquire SIBCoin must first buy Ethereum or Bitcoin using an exchange that deals in US dollars such as GDAX, Gemini or Coinbase. Investors can then use their newly-acquired Ethereum or Bitcoin to buy SIBCoin using one of the aforementioned exchanges.

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SIBCoin Price Reaches $1.29 on Top Exchanges (SIB)

Monero (XMR) traded up 9.9% against the dollar and now trades at $214.08 or 0.02558870 BTC. RaiBlocks (XRB) traded up 32.3% against the dollar and now trades at $18.58 or 0.00186028 BTC. Ethereum Classic (ETC) traded up 7.3% against the dollar and now trades at $17.19 or 0.00205443 BTC.

SIBCoin logoSIBCoin (CURRENCY:SIB) traded 1.1% lower against the dollar during the twenty-four hour period ending at 21:00 PM E.T. on March 18th. SIBCoin has a total market cap of $21.40 million and approximately $179,710.00 worth of SIBCoin was traded on exchanges in the last 24 hours. One SIBCoin coin can now be purchased for about $1.29 or 0.00015432 BTC on major cryptocurrency exchanges including Bittrex, C-CEX, Cryptopia and BTC-Alpha. Over the last seven days, SIBCoin has traded 31.9% lower against the dollar.

Here’s how related cryptocurrencies have performed over the last 24 hours:

  • Bitcoin (BTC) traded 7.2% higher against the dollar and now trades at $8,392.82 or 1.00000000 BTC.
  • Ethereum (ETH) traded 2.8% higher against the dollar and now trades at $555.73 or 0.06642510 BTC.
  • Bitcoin Cash (BCH) traded up 2% against the dollar and now trades at $956.45 or 0.11432200 BTC.
  • Litecoin (LTC) traded 3.3% higher against the dollar and now trades at $156.06 or 0.01865370 BTC.
  • Monero (XMR) traded up 9.9% against the dollar and now trades at $214.08 or 0.02558870 BTC.
  • RaiBlocks (XRB) traded up 32.3% against the dollar and now trades at $18.58 or 0.00186028 BTC.
  • Ethereum Classic (ETC) traded up 7.3% against the dollar and now trades at $17.19 or 0.00205443 BTC.
  • Nano (NANO) traded up 15.2% against the dollar and now trades at $8.74 or 0.00104429 BTC.
  • Bitcoin Gold (BTG) traded 6.6% higher against the dollar and now trades at $61.23 or 0.00731886 BTC.
  • Zcash (ZEC) traded 15.3% higher against the dollar and now trades at $250.91 or 0.02999090 BTC.

About SIBCoin

SIBCoin (SIB) is a proof-of-work (PoW) coin that uses the X11GOST hashing algorithm. It launched on May 9th, 2015. SIBCoin’s total supply is 16,527,556 coins. SIBCoin’s official Twitter account is @SibChervonec. The official website for SIBCoin is sibcoin.money.

According to CryptoCompare, “SibCoin is the cryptocurrency designed for the Siberian Community. It provides fast, anonymous and cheap transactions. “

Buying and Selling SIBCoin

SIBCoin can be bought or sold on these cryptocurrency exchanges: Cryptopia, YoBit, C-CEX, Bittrex, BTC-Alpha and Livecoin. It is not currently possible to purchase SIBCoin directly using U.S. dollars. Investors seeking to trade SIBCoin must first purchase Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as Gemini, Changelly or Coinbase. Investors can then use their newly-acquired Ethereum or Bitcoin to purchase SIBCoin using one of the aforementioned exchanges.

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