Celsius Network using Bitcoin.com platform to streamline digital currency services

Customers can use the Bitcoin.com trading platform to purchase currencies such as Bitcoin, Bitcoin Cash, and Ethereum, among others. As part of the …

Celsius Network announced on August 15 that they have officially integrated Bitcoin.com into their service. The crypto and lending platform will use the media outlet’s exchange to help streamline their digital currency services.

As reported by Cointelegraph, a press release arrived on Thursday, August 15, to announce Celsius’ integration of Bitcoin.com into their trading platform. Customers can use the Bitcoin.com trading platform to purchase currencies such as Bitcoin, Bitcoin Cash, and Ethereum, among others.

As part of the announcement, Celsius Network CEO Alex Mahinsky also said, “We look forward to cultivating our partnership with Bitcoin.com to provide even greater rewards for our communities.” It’s believed that this could refer to future collaborative projects between the two entities.

The Celsius Network operates as a mobile app where customers can “earn, borrow, and pay on the blockchain.” The service allows customers to hold crypto in their account and earn interest on specific types of cryptocurrency that the platform supports. These include Bitcoin, Litecoin, OMG, DASH, and several other popular digital currencies.

For example, cryptocurrency customers receive as much as 10.53 percent for holding Gemini Dollar (GUSD), TrueUSD (TUSD), and MakerDAO’s DAI (DAI) currencies with the platform, as of this report. Other cryptocurrencies earn interest in different amounts, with those amounts subject to change. As of this report, customers could earn $7.49 in interest per week, or just over $389 per year, for holding one Bitcoin on the Celsius platform.

It was reported at the start of this month that Celsius had received over $300 million in coin deposits over the past 12 months. Additionally, the company had reported completion of over $2 billion in loan origination, per Cointelegraph’s report.

The company also revealed they “paid more in earned BTC and ETH than anyone returning up to 80 percent of its revenue to depositors.” That percentage was compared to Binance BNB which they indicated gave 20 percent of their profits as a buyback to customers and Nexo which gave 30 percent to customers as a dividend payment.

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Electroneum Price Changed by -2.77 percent

As at 2019-08-17 average Electroneum price is 0.00406457 USD, 0.00000040 BTC, 0.00002216 ETH. Electroneum average change within 24 hour is …

As at 2019-08-17 average Electroneum price is 0.00406457 USD, 0.00000040 BTC, 0.00002216 ETH.

Electroneum average change within 24 hour is -2.77 against USD, 0 against BTC, -1.61 against ETH. Weekly report: -7.43 against USD, 2.56 against BTC, 4.92 against ETH. Monthly report: -27.89 against USD, -24.53 against BTC, -11.22 against ETH.

In this regard, 24 hour trading volume is 96431.23173334 USD or 9.48993195 BTC. At the same time Electroneum market capitalization is 39738910 USD or $3910 BTC.

It’s noteworthy that is issued into circulation Electroneum.

Electroneum ETN/BTC on Liquid exchange is 0.00. The trading volume on Liquid is 1905.68.

At the same time Electroneum ETN/BTC on KuCoin exchange is 0.00. The trading volume on KuCoin is 36767.00.

Electroneum ETN/BTC on TradeOgre exchange is 0.00. The trading volume on TradeOgre is 504.38.

Electroneum ETN/BTC on CoinBene exchange is 0.00. The trading volume on CoinBene is 451.29.

Electroneum ETN/BTC on CryTrEx exchange is 0.00. The trading volume on CryTrEx is 86.64.

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A quick rundown of how the cryptocurrency market has performed so far in 2019

Bitcoin Cash was one of the top-performing cryptocurrencies as it soared more than 51 percent from $168 on April 1 to $255 on April 30 – it touched a …

The second half of 2019 is now upon us. As we all know, 2018 was a terrible year for cryptocurrencies as the market slumped and lost much of its 2017 gains. The market sentiment at the start of this year was evenly divided between cautious optimism and fearful pessimism. However, cryptocurrencies have managed to climb several bullish waves despite the slow start to the year.

bitcoin price

bitcoin price

The chart above shows the performance of cryptocurrencies relative to traditional Wall Street equities as represented in the S&P 500 and NASDAQ Composite. The BTC/USD has gained 240 percent in the year-to-date period while the NASDAQ Composite Index and the S&P 500 have only gained 23.65 percent and 18.86 percent respectively in the same period.

In response to the outperformance of cryptocurrencies, some trading platforms such as eToro are now allowing traders to actively build crypto-based portfolios in order to access opportunities in emerging asset classes. This article will provide more insight into the performance of the cryptocurrency market as we prepare to head into the second half of the year.

January

Cryptocurrencies started 2019 in a depressed state following the general bearish downturn of 2018. Bitcoin started for the year around $3717.60 and other altcoins were also in a depressed state. However, the euphoria of starting a New Year triggered a 9 percent bullish run in Bitcoin to end the first week at trading around $4,031.09.

A 9 percent rally at the start of the year is tepid by historical cryptocurrency standards; hence it wasn’t surprising the cryptocurrency market ended January with losses. The market cap of the cryptocurrency market declined more than 8 percent in January from around $125B to $115B.

February

Bitcoin’s trading price dropped to its year-to-date low of $3358.83 on February 7 but the market seems to have gotten on a slow but measured uptrend since then. Interestingly, February has always been historically bullish for cryptocurrencies. From 2015, Bitcoin has always ended February with impressive gains and it continued the trend of the fifth straight year in 2019. Bitcoin ended February with a modest 11 percent gain while the market cap of the entire cryptocurrency industry was up 12 percent.

crypto market cap

crypto market cap

March

March brought some good news that could potentially hasten the mass-market adoption of cryptocurrencies. In March, Binance introduced Binance Lite, which allows people to purchase Bitcoin with cash in more than 1300 locations in Australia. Starbucks also announced that its patrons can now pay for their coffee with cryptocurrencies through the Bakkt platform.

However, surprisingly, Bitcoin only managed to gain 6.28 percent at the end of March; in contrast, the market cap of the altcoins grew by 14 percent from $57.28B to $65.25B at the end of March 2019. March was a good month for altcoins and the dominance of Bitcoin dropped from 52.06 percent on March 1 to 50.22 percent by March 31st.

April

The 2019 bullish trend for cryptocurrencies became firmly entrenched in April with the market gaining 16.5 percent to add a massive $24B to its total market capitalization. Bitcoin was at the forefront of the rally after breaking a long-term resistance to cross the $5000 mark. Bitcoin closed for April at $5,333.

top crypto performers

top crypto performers

April was a wonderful month for altcoins. Bitcoin Cash was one of the top-performing cryptocurrencies as it soared more than 51 percent from $168 on April 1 to $255 on April 30 – it touched a $317 high in mid-April. XRP, however, had a poor showing in April after losing the 17 percent it gained during a rally to end the month with a marginal decline.

May

May was the best month for cryptocurrencies so far in 2019. The total market capitalization of the industry jumped by more than 50 percent after Bitcoin recorded an unhindered rally to cross $9000. In fact, the market cap of the entire crypto industry soared to a 10-month high of $285B before it pulled back slightly.

Ethereum managed to score a place in the list of top gainers as it rallied by more than 60 percent to close the month at $260. Bitcoin Cash also scored a 60 percent gain, Litecoin was up 48 percent, and XRP clawed its way back up with a 37 percent gain.

June and going forward into Q3 2019

The cryptocurrency market is trying to consolidate and right now it is uncertain if the market will break out into previous highs or breakdown below the resistance. Many retail traders are also being extra cautious of market momentum that seems to be largely driven by the action of Bitcoin whales. Earlier in June, a whale moved 25,000BTC from an offline wallet to a Coinbasewallet to pull off a $200M trade that triggered a panic selloff.

However, the market is back to “stable” mode and traders are watching the technical indicators for where the market could be headed next. Nonetheless, the news that Facebook will soon be launching a cryptocurrency is already brewing up some undercurrents and it would be interesting to see how the market reacts when more details emerge about how the coin will be used to power developing economies.

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Bitcoin Cash Price Changed by -3.83 percent

As at 2019-08-17 average Bitcoin Cash price is 301.56870834 USD, 0.02984969 BTC, 1.64385710 ETH. Bitcoin Cash average change within 24 hour …

As at 2019-08-17 average Bitcoin Cash price is 301.56870834 USD, 0.02984969 BTC, 1.64385710 ETH.

Bitcoin Cash average change within 24 hour is -3.83 against USD, -0.83 against BTC, -2.69 against ETH. Weekly report: -5.32 against USD, 6.54 against BTC, 7.3 against ETH. Monthly report: -2.69 against USD, 1.58 against BTC, 19.82 against ETH.

In this regard, 24 hour trading volume is 554704646.57118000 USD or 54905.43708216 BTC. At the same time Bitcoin Cash market capitalization is 5413991247 USD or $535884 BTC.

It’s noteworthy that is issued into circulation Bitcoin Cash.

Bitcoin Cash BCH/BTC on bitFlyer exchange is 305.70. The trading volume on bitFlyer is 5084.51.

At the same time Bitcoin Cash BCH/KRW on Bithumb exchange is 303.27. The trading volume on Bithumb is 2637972.00.

Bitcoin Cash BCH/MXN on Bitso exchange is 305.27. The trading volume on Bitso is 25135.00.

Bitcoin Cash BCH/USD on Bitstamp exchange is 300.82. The trading volume on Bitstamp is 951226.00.

Bitcoin Cash BCH/BTC on Bittrex exchange is 302.27. The trading volume on Bittrex is 140276.00.

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Craig Wright May Never Be Seen Or Revered As Satoshi. Here’s why?

Popularly Known self-acclaimed Satoshi Nakamoto and creator of Bitcoin Cash fork Bitcoin SV, Craig Wright, has attracted the attention of the …

Popularly Known self-acclaimed Satoshi Nakamoto and creator of Bitcoin Cash fork Bitcoin SV, Craig Wright, has attracted the attention of the mainstream media in recent times. While he must have spotted limelight for a couple of reasons like inventing Bitcoin Cash fork SV, the most important attraction to his name sprang to life as a result of his claims of being the creator of bitcoin.

Craig Wright, whom, at the moment, many blockchain community members see as a possible anonymous Satoshi due to his constant claims of creating bitcoin has taken every possible advantage and opportunities to retain these claims and even revealed that some hundreds of thousands of “virgin” (never moved before) bitcoins belonging to him are still locked up within the bitcoin blockchain, a set of coins to which he claimed he would have access to in 2020.

Fraud And Deceit Are Becoming Synonymous With Craig Wright

Amid all these recognition struggles, Craig Wright is beginning to lose face within the crypto space and many now see him as a pretender or a fraudster in worst cases. In an ongoing lawsuit against him which involves the misappropriation of around a million bitcoins, Craig Wright was denied the motion to dismiss the case due to irregularities and lack of credibility on his part.

A 2018 case in which one of Craig’s late business partner’s brother filed a lawsuit against Craig for reasons of misplacing about 1 million bitcoins, US District Court Judge Beth Bloom, upon Craig’s claim that the court didn’t possess jurisdiction over the case, said,

“the Court simply does not find the Defendant’s testimony to be credible.” “numerous conflicting statements are the very reason confusion has been created … the Court should nonetheless use these statements as a basis to challenge the Court’s subject matter jurisdiction.”

As the Judge dismissed several of Craig’s claims, she, at a point in time made reference to an 18th-century quote by Walter Scott;

“Oh! What a tangled web we weave when first we practice to deceive!”

As many come to disbelieve Craig’s claims of being Satoshi, community members are responding in a converging pattern of ways. A recent Twitter discussion involving some popular bitcoin influencers, many responses had been to insinuate that Craig was a fraudster.

According to Twitter user Peter McCormack,

Had an interesting interaction with a 49-year-old today. He refused to sign with his private keys, yet insisted he is Satoshi. #CraigWrightIsAFraud.

Summary
Craig Wright May Never Be Seen Or Revered As Satoshi. Here's why?
Article Name
Craig Wright May Never Be Seen Or Revered As Satoshi. Here’s why?
Description
Craig is fast losing recognition within the crypto community and his dream of being recognized as the anonymous Satoshi might be a thing of the past.
Author
Dare Shonubi
Publisher Name
Coingape
Publisher Logo
DisclaimerThe presented content may include the personal opinion of the author and is subject to market condition.Do your market research before investing in cryptocurrencies.The author or the publication does not hold any responsibilityfor your personal financial loss.
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