Coinsquare Partners with FlexaHQ to Bring Crypto Payments to Canada

According to a promotional video featured on Flexa’s official website, the startup’s service supports Bitcoin (BTC), Ether (ETH), Bitcoin Cash (BCH).

One of Canada’s top crypto exchanges, Coinsquare, has partnered with United States cryptocurrency payments startup Flexa to bring in-store digital currency payments to Canada.

In-store crypto payments in Canada

The official Twitter account of Canadian cryptocurrency exchange Coinsquare announced on August 13 that the firm partnered with U.S.-based crypto payments startup Flexa. The partnership will reportedly allow the latter company to expand its in-store crypto payment processing services to Canada. Coinsquare noted:

“One of the biggest hurdles in mass adoption for crypto is finding a way to let users spend it. We are excited to bring Flexa’s solution for this problem to #Canada.”

Per the announcement, the exchange will also add Flexa’s spend features to its apps, allowing its users to spend directly from their on-exchange balance in over 7,500 physical stores in Canada.

A variety of accepted coins

According to a promotional video featured on Flexa’s official website, the startup’s service supports Bitcoin (BTC), Ether (ETH), Bitcoin Cash (BCH). Furthermore, a post published by the company on Medium today suggests that they also support Litecoin (LTC), anoncoin Zcash (ZEC) and stablecoin Gemini Dollar (GUSD).

As Cointelegraph reported in February, at the time Coinsquare was laying off almost 30 percent of its staff, including its chief financial officer (CFO) and chief operating officer (COO).

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Market Outlook: Bitcoin Cash Spikes While Economic Fears Spread Worldwide

Bitcoin cash (BCH) markets are leading the top 10 crypto pack as BCH has gained 2.17% in the last 24 hours. BCH is trading for $337 per coin and the …

On Tuesday, August 13, most digital currency prices have dropped in value between 2-5% while crypto trade volumes globally have fallen to $46 billion in the last 48 hours. Despite the downturns across the board, bitcoin cash (BCH) is holding steady, up 2% today and now commanding the fourth largest market valuation.

Also read: Twitter Crypto Scammers Continue to Fly Under the Company’s Radar

The Top Digital Currency Markets

Most crypto markets are in the red today as many popular digital assets have lost a few points over the last day. At the time of writing, the overall market capitalization is roughly $286 billion. BTC prices are down a touch over 3% this Tuesday as each BTC is trading for $10,984. BTC does capture 68% of the $286 billion with a market valuation of $196 billion this week. The cryptocurrency is down 6.6% over the last seven days and has about $15.1 billion in global trading volume.

Market Outlook: Bitcoin Cash Spikes While Economic Fears Spread Worldwide
Did you know you can purchase digital currencies from our trusted platform as well as in-person using our noncustodial, peer-to-peer marketplace?

Behind BTC is ETH which has dropped more than 3% today as each ETH is swapping for $205. Ethereum markets have a valuation of about $22 billion in total and there’s roughly $5.6 billion in ETH trades worldwide. Ripple (XRP) has been extremely boring but dropped from $0.32 to $0.29, losing 2% in the last 24 hours. Lastly, litecoin (LTC) has seen the worst of the declines this week, losing more than 10.9%. Each LTC is swapping for $84 per coin and markets are down 2.5% on August 13.

Bitcoin Cash Fundamentals Look Bullish

Bitcoin cash (BCH) markets are leading the top 10 crypto pack as BCH has gained 2.17% in the last 24 hours. BCH is trading for $337 per coin and the cryptocurrency’s market capitalization today is roughly $6 billion. There’s 1.27 billion in global BCH trades and bitcoin cash currently holds the sixth largest trade volume. The top pair traded with bitcoin cash is tether (USDT) which has around 48.7% of all BCH trades today.

Market Outlook: Bitcoin Cash Spikes While Economic Fears Spread Worldwide

This is followed by BTC (32%), USD (9.4%), ETH (6.4%), and KRW (2%). The exchanges swapping the most BCH include Coinbene, Huobi Pro, Huobi Korea, Huobi Japan, and the trading platform EXX. Many traders have noticed that BCH has outperformed a bunch of other digital assets this past week, spiking more than 10% on Sunday. The well known digital currency trader Don Altexplained that bitcoin cash may see a price run-up soon. On August 11, Don Alt tweeted:

[Bitcoin Cash] is one of the charts with the most potential out there right now. Looks as if it wants to pull a BTC like run soon. As long as it can close through resistance (0.035) I’ll suspect BCH is going to retest blue (0.075) which would be + 150% from here.

Market Outlook: Bitcoin Cash Spikes While Economic Fears Spread Worldwide
Don Alt’s BCH/USD analysis chart.

Goldman Charts Indicate a BTC/USD Rally Toward $14K

A series of BTC/USD chart slides stemming from Goldman Sachs suggest that the current BTC price dip could be a buying opportunity for investors. The slides were created for institutional clientele and implied there was a possibility BTC could touch $13,971 per coin. “Any such retracement from $12,916-$13,971 should be viewed as an opportunity to buy on weakness as long as it doesn’t retrace further than the $9,084 low,” one slide details. The Goldman Sachs analyst used an Elliott Wave analysis, a tool that attempts to locate market cycles and trends in wave patterns. However, critics of the Elliott Wave principle believe the chart research is too broad and vague due to the fact that it’s very difficult to recognize the start and end of each wave.

Market Outlook: Bitcoin Cash Spikes While Economic Fears Spread Worldwide
Chart slides stemming from a Goldman Sachs investors report.

SEC Postpones Three Exchange Traded Funds

The BTC/USD price started fumbling after the U.S. Securities and Exchange Commission (SEC) delayed the Vaneck Solidx Bitcoin Trust, Wilshire Phoenix, and the Bitwise Bitcoin ETF Trust. Almost immediately after the announcement from the U.S. regulator, BTC/USD prices dipped from a high of $11,560 to $11,350 on Monday. Reports reveal that the Wilshire Phoenix proposal decision may come on September 29, while the Vaneck Solidx Bitcoin Trust could be made in mid-October.

Market Outlook: Bitcoin Cash Spikes While Economic Fears Spread Worldwide
The U.S. Securities and Exchange Commission (SEC) delayed three Bitcoin ETFs.

The regulator has delayed Bitcoin exchange-traded funds (ETF) for years starting with the Bitcoin ETF backed by the Winklevoss twins. Speaking during the Bakkt Digital Asset Conference, SEC commissioner Hester Peirce told the crowd that regulators are stiff against the crypto industry because regulators are the ones who get the blame when things go wrong. “It is very natural for regulators to be conservative because if we make a mistake then people are going to blame us and I know if people lose money, they always blame the regulator,” Peirce told the crowd.

Crypto Price Downturn Could Last Much Longer

According to the popular trader Cryptowolf, if the current BTC/USD price follows historical data the current correction could continue. BTC prices have failed to break the upper resistance above the $12K region over the last two weeks. Cryptowolf says the current correction will only last six and a half weeks if prices follow historical data. “One of the reasons I don’t expect a new high anytime soon in bitcoin is the lack of time in this correction,” the trader remarked on Sunday. “History has proven that every reversal rally was then followed by a correction of 189 – 203 days before breaking its previous high — Currently at only 45 days correction.” If the analyst’s timeframe correlates with prior prices, it started beyond the $12K rejections this month as BTC/USD stopped short just before the $14K zone at the end of June.

Market Outlook: Bitcoin Cash Spikes While Economic Fears Spread Worldwide
Cryptowolf’s chart.

Trade Wars, Faltering Debt and Hyperinflation Could Pose Systemic Risk to the Global Economy

Overall digital currency prices are still holding strong as the world’s economic woes continue to grow. Fears of a deep recession have started to look certain as particular regions pose a systemic risk to the global economy. There’s anxiety over a no-deal Brexit between the U.K. and the Eurozone as well as a chance that Italy could abandon the monetary system.

Market Outlook: Bitcoin Cash Spikes While Economic Fears Spread Worldwide
Hong Kong airport on August 12, 2019.

Economists are finding that Hong Kong is not only suffering from the U.S.-China trade war, but the protests are disrupting the country’s businesses as well. On August 12, the country’s most popular airport suspended all flights because protestors brought the international travel hub to a standstill. The airport in Hong Kong is one of the busiest worldwide with more than 1,100 daily flights. Reports detail that over 700 protestors have been arrested for “taking part in a riot” and unlawful assembly.

Market Outlook: Bitcoin Cash Spikes While Economic Fears Spread Worldwide
Gold and cryptocurrencies have reaped the benefits of a gloomy global economy. On Tuesday, August 13, gold spot prices remain above $1,500 an ounce.

Meanwhile, all eyes are on the German economy this week where economists and data reveal a looming recession. Data expected this week will show how the country’s economy performed during the first two quarters of 2019. Additionally, while the world was focused on the 10,000,000% inflation rate in Venezuela, people are now watching the economic chaos in Argentina. With all of the global fears growing, larger spot gold prices have touched all-time highs above $1,500 per ounce. Despite the 45-day long correction, with the global economy in disarray, cryptocurrency market prices remain strong.

Where do you see the cryptocurrency markets heading from here? Let us know what you think about this subject in the comments section below.

Disclaimer: Price articles and markets updates are intended for informational purposes only and should not to be considered as trading advice. Neither Bitcoin.com nor the author is responsible for any losses or gains, as the ultimate decision to conduct a trade is made by the reader. Always remember that only those in possession of the private keys are in control of the “money.” Cryptocurrency and gold prices referenced in this article were recorded at 12 p.m. EST on Tuesday, August 13, 2019.


Images via Shutterstock, Trading View, Bitcoin.com Markets, Getty, Goldprice.org, Wiki Commons, and Pixabay.


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A slew of digital currencies have gathered decent gains over the last 48 hours and the entire market capitalization now… read more.

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Jamie Redman

Jamie Redman is a financial tech journalist living in Florida. Redman has been an active member of the cryptocurrency community since 2011. He has a passion for Bitcoin, open source code, and decentralized applications. Redman has written thousands of articles for news.Bitcoin.com about the disruptive protocols emerging today.

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LatiumX (LATX) Achieves Market Capitalization of $206595.00

LatiumX (CURRENCY:LATX) traded down 33.6% against the US dollar … LatiumX’s total supply is 300,000,000 tokens and its circulating supply is …

LatiumX logoLatiumX (CURRENCY:LATX) traded down 33.6% against the US dollar during the 1-day period ending at 7:00 AM Eastern on August 9th. One LatiumX token can now be bought for $0.0020 or 0.00000017 BTC on popular exchanges including YoBit, Livecoin and BitForex. During the last week, LatiumX has traded 34.9% lower against the US dollar. LatiumX has a total market capitalization of $206,595.00 and $2,298.00 worth of LatiumX was traded on exchanges in the last day.

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

  • XRP (XRP) traded 3% lower against the dollar and now trades at $0.30 or 0.00002544 BTC.
  • Binance Coin (BNB) traded 1.9% lower against the dollar and now trades at $30.10 or 0.00256242 BTC.
  • Tether (USDT) traded down 0.2% against the dollar and now trades at $1.00 or 0.00008504 BTC.
  • Bitcoin SV (BSV) traded 3.9% lower against the dollar and now trades at $139.59 or 0.01188401 BTC.
  • Stellar (XLM) traded 3.9% lower against the dollar and now trades at $0.0742 or 0.00000632 BTC.
  • TRON (TRX) traded 4.6% lower against the dollar and now trades at $0.0211 or 0.00000180 BTC.
  • Chainlink (LINK) traded 4.5% lower against the dollar and now trades at $2.22 or 0.00018931 BTC.
  • NEO (NEO) traded 4.3% lower against the dollar and now trades at $10.44 or 0.00088883 BTC.
  • COZ (COZ) traded 26.7% higher against the dollar and now trades at $0.22 or 0.00004541 BTC.
  • Crypto.com Chain (CRO) traded 11.9% higher against the dollar and now trades at $0.0518 or 0.00000441 BTC.

About LatiumX

LatiumX was first traded on August 30th, 2017. LatiumX’s total supply is 300,000,000 tokens and its circulating supply is 104,843,091 tokens. LatiumX’s official website is latium.org. LatiumX’s official Twitter account is @LatiumCoin and its Facebook page is accessible here. The Reddit community for LatiumX is /r/Latium and the currency’s Github account can be viewed here.

LatiumX Token Trading

LatiumX can be purchased on the following cryptocurrency exchanges: BitForex, Livecoin and YoBit. It is usually not presently possible to purchase alternative cryptocurrencies such as LatiumX directly using U.S. dollars. Investors seeking to trade LatiumX should first purchase Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as Changelly, Gemini or Coinbase. Investors can then use their newly-acquired Bitcoin or Ethereum to purchase LatiumX using one of the exchanges listed above.

Receive News & Updates for LatiumX Daily – Enter your email address below to receive a concise daily summary of the latest news and updates for LatiumX and related cryptocurrencies with MarketBeat.com’s FREE CryptoBeat newsletter.

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Crypto Market Cap & Bitcoin Holding Uptrend: BCH, Litecoin, ADA, TRX Analysis

The crypto market cap and bitcoin (BTC) are holding important uptrend support. Ethereum (ETH), LTC, BCH, EOS, cardano, ripple, TRX, XLM and BNB …

  • The total crypto market cap corrected lower after a solid run towards $215.0B.
  • Bitcoin price is currently trading above the $11,500 support after a strong downside correction.
  • Litecoin (LTC) price is now trading below the $95.00 support after a failed break above $100.00.
  • BCH price is correcting gains and it could retest the $330 support level.
  • Tron (TRX) price broke the key $0.0220 support and it could extend losses.
  • Cardano (ADA) price is declining towards the key $0.0520 support level in the near term.

The crypto market cap and bitcoin (BTC) are holding important uptrend support. Ethereum (ETH), LTC, BCH, EOS, cardano, ripple, TRX, XLM and BNB might start a decent recovery.

Bitcoin Cash Price Analysis

Bitcoin cash price spiked above the $350 resistance against the US Dollar, but it failed to hold gains. BCH/USD started a downside correction and recently traded below the $340 support level. The price is currently below $340 and it seems like it could extend its correction towards the $330 support level.

On the upside, the $340 level might once again act as a resistance. However, the main resistance is near the $350 and $352 levels.

Cardano (ADA), Litecoin (LTC) and Tron (TRX) Price Analysis

Litecoin price surged above the $100.00 resistance level, but it failed to settle above $100.00. A swing high was formed near $105.00 and the price declined below the $95.00 support level. The next key support is near the $92.00 level. On the upside, the main resistance of a strong upward move is near the $100.00 level.

Tron price remained in a bearish zone and it failed to correct above the $0.0230 resistance. TRX price declined below the $0.0220 support level and it is currently under a lot of pressure. It seems like the price may soon test the $0.0210 support level.

Cardano price is slowly declining and it recently traded below the $0.0560 support level. ADA price might continue to slide and it could even test the key $0.0520 support level. Any further declines could lead the price towards the $0.0505 support area.

Bitcoin, Crypto Market Cap Altcoins ETH, XRP, BCH, LTC, EOS, TRX, ADA, BNBBitcoin, Crypto Market Cap Altcoins ETH, XRP, BCH, LTC, EOS, TRX, ADA, BNB

Looking at the total cryptocurrency market cap 4-hours chart, there was a strong rise above the $300.0B resistance level. The market cap even climbed above the $310.0B level and tested the $315.0B level. Recently, it corrected lower below the $300.0B support. However, the $290.0B support and a major bullish trend line on the same chart acted as a strong support. The market cap is moving higher, but it must surpass the $300.0B and $305.0B resistances for a fresh upward move in bitcoin, Ethereum, EOS, litecoin, ripple, ADA, BCH, TRX, ICX, XLM and other altcoins in the near term.

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Microsoft Reveals New Ethereum-Based Project – Plus Stellar, XRP and Litecoin

Additionally, blockchains such as Ethereum have thousands of decentralized machines all over the world, making it less likely a smart contract will …

Ethereum

Microsoft has revealed a new artificial intelligence project leveraging the Ethereum blockchain. The company plans to decentralize AI by allowing people to easily access, share and run machine learning models using Ethereum.

“Leveraging blockchain technology allows us to do two things that are integral to the success of the framework: offer participants a level of trust and security and reliably execute an incentive-based system to encourage participants to contribute data that will help improve a model’s performance…

Additionally, blockchains such as Ethereum have thousands of decentralized machines all over the world, making it less likely a smart contract will become completely unavailable or taken offline.”

Stellar

The team at Stellar is celebrating the decentralized protocol’s fifth anniversary.

To mark the occasion, the Stellar Development Foundation shared its first blog post from back on July 31, 2014, and thanked the community for its support.

“Starting from just an idea, the network now has over 3.4 million accounts and 2.5 million operations per day. It is now the platform for micropayments, remittances, cross-border payments and more. Thanks to the community for making Stellar great! The journey continues.”

XRP and Litecoin

The UK-based crypto exchange CEX.io is supporting new fiat onramps for both XRP and Litecoin. XRP is now paired with the British pound, and Litecoin is paired with both the British Pound and the euro.

The exchange also recently added both Tron and BitTorrent tokens paired with the US dollar, euro and Bitcoin.

New pairs will be listed on July 31st after 2 PM UK time!

LTC/EUR & LTC/GBP — more trading options for the #Litecoin market before its halving, expected August 5.

XRP/GBP — a new trading pair for the #Ripple market.

We wish you successful trading!https://t.co/8mv2Z1oK7Epic.twitter.com/qRgl3W7kVw

— CEX.IO (@cex_io) July 30, 2019

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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

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