Binance Opens Fiat-To-Crypto Exchange in Uganda

Binance Opens Its First Fiat-To-Crypto Exchange in Uganda

On Oct. 15, Binance announced the launch of its fiat-to-cryptocurrency exchange in Uganda. The world’s biggest digital currency exchange said users in the East African country are now able to complete full account verification starting immediately. Deposits and withdrawals of the local fiat currency, the Ugandan shilling, start on Wednesday.

Also read: Bitcoin After Death: The Perils of Sharing One’s Fortune

Exchange to Initially Support Trades Between Ugandan Shilling and BTC, ETH Only

“We are extremely proud to officially launch our first fiat-crypto exchange in Uganda,” said Wei Zhou, chief financial officer at Binance, in a press statement. “We have been diligently preparing for this exchange with our local partners since our team first visited Uganda in April 2018.”

Zhou also stated that: “This is only the first step in our efforts to use blockchain technology to support sustainable economic development in Africa, and we look forward to bringing more innovations to the region.”

The exchange will initially support trading of the local shilling unit with bitcoin core (BTC) and ethereum (ETH), Binance said. More trading pairs are to be added in the coming months, it detailed, adding that “users are exempt from trading fees during the first month.” The Ugandan subsidiary is capable of processing 1.4 million transactions per second, with 24-hour client support.

Binance is the world’s biggest digital currency exchange, with 24-hour volume of about $1.97 billion worth of BTC alone, according to data from Coinmarketcap.  The company has revealed plans to open fiat-capable exchanges in Liechtenstein, Malta and Singapore. Until now, the exchange had been optimized for crypto-to-crypto trades only.

In Uganda, cryptocurrency and blockchain adoption and development continue to see growth. That’s despite warnings by the Bank of Uganda against the use of unregulated currencies in the form of bitcoin and other digital coins. The country of 44 million people is home to various blockchain conferences, associations and communities, with support at Cabinet level.

African Investors Welcome Binance’s Ugandan Presence

Investors in Africa have cheered Binance’s move into Uganda. “This is great news!” Michael Kimani, a leading Kenyan crypto proponent, tweeted.

“(It) will spark a race across African countries on setting up [a] favorable environment for cryptocurrency trading against African currencies. Muhimu (vital) for cross border trade, intra-African trade, online payments, remittances, trading, investing…” he wrote.

Binance Opens Its First Fiat-To-Crypto Exchange in Uganda

Binance’s presence in the East African nation is expected to boost financial inclusion in a country where only 33 percent of citizens use registered financial accounts. But this is a place where bitcoin looks likely to flourish unhindered. Some shops and restaurants in Kampala – Uganda’s capital – now accept bitcoin as a means of payment.

Ugandan President Yoweri Museveni has spoken positively about blockchain technology – but not cryptocurrencies. He told the Africa Blockchain conference organised by the Blockchain Association of Uganda in Kampala in May of the need “to look for a new technology of enabling things to move faster and new systems that go with it.”

His central bank governor Emmanuel Tumusiime-Mutebile had apparently spoken to the contrary in an earlier address to the same conference. Mutebile accused blockchain technology of lacking the necessary support to sustain a currency. But Ugandans, mostly professionals, have taken a particular liking to virtual money, bitcoin especially.

What do you think about Binance’s move into Uganda? Let us know in the comments section below.


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Verify and track bitcoin cash transactions on our BCH Block Explorer, the best of its kind anywhere in the world. Also, keep up with your holdings, BCH and other coins, on our market charts at Satoshi Pulse, another original and free service from Bitcoin.com

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Binance Uganda to Begin Accepting Deposits in Ugandan Shilling, BTC & ETH

Months after announcing the launch of Uganda’s first-ever fiat-crypto exchange, Binance has made another step towards facilitating cryptocurrency trading in the East African country. Beginning October 17, users will be able to make deposits to Binance Uganda in the leading cryptocurrencies bitcoin and ethereum as well as in Ugandan Shillings. This will allow trading in … Continued

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Crypto Billionaires Among China’s Wealthiest, Despite Bear Market

Bitcoin price china CryptocurrencyThere is no question that the entire cryptocurrency sector is in a bear market, with many cryptocurrencies losing over 50% of their value.  However, this certainly hasn’t prevented individuals from becoming very wealthy through cryptocurrency-related ventures.  Specifically, despite the decrease in market capitalizations of various cryptocurrencies, several Chinese businessmen have landed onto a list of … Continued

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Exchanges Roundup: Glen Oaks Escrow Supports Crypto, Binance to Delist 4 Altcoins

Exchanges Roundup: Glen Oaks Escrow Supports Crypto, Binance to Delist Four Altcoins

In recent news pertaining to cryptocurrency exchanges, Glen Oaks Escrow has announced that it has partnered with Bitpay to support cryptocurrency payments and Binance has revealed that it will delist bytecoin, chatcoin, iconomi and triggers next month. Etoro, meanwhile, has announced a “significant cut” in the spreads on cryptocurrency markets on its platform.

Also Read: Korean Crypto Exchange Sued for Controversial Token Schemes 

Glen Oaks Escrow to Back Crypto
Payments Through Bitpay

California-based escrow company, Glen Oaks Escrow, has announced that it now supports cryptocurrencies under a new partnership with Bitpay. The company states that the increased prevalence of real estate listings that accept cryptocurrency as payment as the principal motivation behind the decision.

Joe Curtis, Glen Oaks’ chief operating officer, stated: “Increasingly, blockchain and cryptocurrencies have the potential to become a bigger part of real estate transactions, and this is one step to be ahead of the curve and enable transactions to happen through this vehicle (…) It’s still a young technology in our space, but we are committed to being at the forefront to enable transactions in this way.”

The partnership will see Bitpay convert escrowed cryptocurrencies into cash, before wiring funds into escrow accounts, meaning that the seller in a transaction will not handle any cryptocurrencies.

Binance Delists BCN, CHAT, ICN and TRIG

Binance has announced that it will soon delist bytecoin (BCN), chatcoin (Chat), iconomi (ICN) and triggers (TRG) at 10 a.m. UTC on Nov. 12.

The announcement states that said altcoins have failed to meet the exchange’s criteria for continued support, including the “commitment of (a) team to (its) project,” the “quality and level of development activity,” “network/smart contract stability,” the “level of public communication and activity,” the “responsiveness (of the team) to (Binance’s) periodic due diligence,” whether a coin “contribut(es) to a healthy and sustainable crypto ecosystem,” and whether a coin evidences “unethical/fraudulent conduct.”

Etoro Reduces Crypto Spreads

Etoro, an asset brokerage and social trading platform, has announced a “significant cut in (the) spread on cryptoassets,” describing the move as “part of its ongoing efforts to increase awareness of the potential of crypto and blockchain broadly.” The company claims that the spreads on BTC have been “cut by more than half.”

The co-founder and chief executive officer of Etoro, Yoni Assia, stated: “We are also committed to raising awareness among investors of the potential offered by crypto and the blockchain technology that underpins it. This includes sponsorship, advertising, speaking at events and producing educational material. Yes, crypto is highly volatile and not appropriate for all investors, but we also believe that for many it can have a role to play as part of a diversified long-term portfolio.”

Assia continued: “Over and over again we see headlines announcing the end of crypto, yet in reality we continue to see interest in and demand for these assets. The huge price rally at the end of 2017 brought crypto to the attention of the masses and thrust these infant tech companies into the spotlight. Since then prices have stabilized and the crypto industry has had the chance to catch its breath. It has used this opportunity to engage with and educate regulators and participants across traditional finance services as to the opportunities offered by crypto and blockchain more broadly. At eToro, we welcome appropriate regulation for crypto and believe that it will accelerate mass adoption.”

“Crypto is here to stay. We believe that in the future all assets will be tokenized and that crypto is just the first step on this journey,” he concluded.

Do you think that more escrow companies will soon support cryptocurrencies? Share your thoughts in the comments section below!


Images courtesy of Shutterstock, Glen Oaks Escrow, Etoro


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First Major Bitcoin Cash ICO Raises $30M in Record Time

First Major Bitcoin Cash ICO Raises $30M in Record Time

On Oct. 8, 2018, the blockchain firm and mining pool Viabtc finished the first high-value initial coin offering (ICO) using the Wormhole protocol and Bitcoin Cash chain. According to exchange data, the Viabtc Token ICO raised US$3,700 per second capturing a total of $30 million in 2.2 hours.

Also Read: Electron Cash Developer Reveals In-Wallet BCH Fundraiser Prototype

Viabtc Launches Token Sale and Distribution Phases

First Major Bitcoin Cash ICO Raises $30M in Record TimeThe firm Viabtc had recently launched a new token called the Viabtc Token (VIAT) using the Wormhole protocol. The company refers to viat as a value-added service and privilege token that can be used as “gas” or a method of value transfer. When viat was issued on the Wormhole network a fixed supply of 2 billion tokens was set by the developers. On Monday Viabtc raised $30 million during the first major ICO issued on top of the Bitcoin Cash blockchain. Then on Oct. 9, Coinex users who trade the viat token will receive an airdrop from the firm’s stash of CET tokens.

First Major Bitcoin Cash ICO Raises $30M in Record Time
According to the Coinex accelerator page, the Viabtc Token ICO sold 750M VIAT raising US$30M on Oct. 8, 2018.

Viat will be used for a process called ‘Duo mining’ which gives miners normal pool payouts but also an added payout of viat as well. The viat mining payouts will be released in four phases and will give miners extra incentives to join the pool. The mining pool says that users can invite friends to mine with Viabtc and with a referral link they can receive more payout rewards. Viat owners can also use the currency for discounts toward pool fees and “exclusive customer support.” The tokens will be able to purchase mining accessories, Viabtc souvenirs, and the company’s BTC transaction accelerator.

“[The] Viabtc Token can be used as ‘gas’ and value transfer tool,” explains the mining pool. “We will add more application and privileges to it so that its holders can participate in the planning of Viabtc operations, building and improving Viabtc ecosystem together with the Viabtc team.”

First Major Bitcoin Cash ICO Raises $30M in Record Time
The Viabtc Token can be found on a token-supporting block explorer.

Crypto-Companies Launching Incentive Tokens for Service Discounts Is Trending

Besides trading, viat will solely be used for Viabtc services only in order to bolster the firm within the blockchain industry. The Viabtc Token project is lead by the mining pool’s founder Haipo Yang, and the firm’s COO Huimin Ouyang. Viat will also be subject to a repurchasing plan and a burning process according to the viat ICO’s whitepaper.

“Viabtc will buy back and ‘burn’ viat with 20% of its quarterly revenue at the end of each quarter — This will reduce the total amount of viat steadily on a benign deflation model,” the whitepaper details.

Viabtc adds:   

The repurchase details will be announced timely and the ‘burning’ transactions are available for checking on the blockchain to ensure transparency.

Cryptocurrency companies who have created incentive-based tokens for certain services and privileges have done well over the last year. For instance, the trading platform Binance and it’s BNB token has managed to position itself at the top 14 highest market valuation out of 2,000+ digital currencies.

First Major Bitcoin Cash ICO Raises $30M in Record Time
VIAT is available for trade with the following trading pairs; USDT, BCH, CET, and BTC.

Viabtc’s exchange Coinex and its CET token also use these coins for incentives and CET is currently worth around $0.03. According to the trading platform’s data this Tuesday, viat is trading for $0.04 per coin and has over a million USDT in trade volume.

What do you think about the Viabtc Token (VIAT)? Do you think there will be more big ICOs using the Bitcoin Cash network? Let us know what you think in the comments section below.


Images via Shutterstock, Viabtc, and Coinex. 


Verify and track bitcoin cash transactions on our BCH Block Explorer, the best of its kind anywhere in the world. Also, keep up with your holdings, BCH and other coins, on our market charts at Satoshi Pulse, another original and free service from Bitcoin.com.

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Exchanges Roundup: Coinbase Volumes Hit 1-Year Low, UK Exchange to Fire Most Staff

Exchanges Roundup: Coinbase Volumes Hit 1-Year Low, UK Exchange to Fire Most of Staff

Recent updates show that with the cryptocurrency markets performing far from how they did a year ago, some exchanges have failed to adapt to the current situation. For example, one U.K. firm is reportedly set to fire most of its employees. Yet other exchanges are still going strong, breaking into new territories and adding new trading instruments.

Also Read: The Daily: Crypto Funds Team up With New Startup Hub, FX Broker Adds BCH/BTC

Weak Quarterly Trading Volumes

Diar, an analysis service for the global digital currency industry, has issued a report highlighting the extremely weak performance of popular crypto exchanges during the third quarter of the year. For example, total USD trading volumes on Coinbase reached their lowest point in a year and total USDT trading volumes on Binance fell from $235 billion in the first quarter to just $106 billion.

Exchanges Roundup: Coinbase Volumes Hit 1-Year Low, UK Exchange to Fire Most of Staff

As the report shows, one way the exchanges are looking to secure growth for the future is by moving toward tokenized securities.

“Having made bank on the trading bonanza in the past year, cryptocurrency exchanges are also acutely aware that, for the most part, the tokens they list don’t currently satisfy a utility purpose,” Diar explained. “Diving into deep pockets, exchanges are diversifying their portfolio by investing in various parts of the ecosystem to support the long-term growth of an industry stuck in development. But most notably, exchanges have amped up their investment interest for the possible issuing and trading of tokenized securities.”

Coinfloor to Fire Over Half its Employees

Exchanges Roundup: Coinbase Volumes Hit 1-Year Low, UK Exchange to Fire Most of StaffCoinfloor is in the process of firing most of its staff, according to a report by the Financial News, citing two people familiar with the matter. Founded in 2013 with backing from Transfer Wise founder Taavet Hinrikus, venture capital firm Passion Capital and Adam Knight, Coinfloor was estimated to employ about 40 people before the newly planned cuts.

Coinfloor CEO Obi Nwosu told the London-based newspaper that the company has “seen significant change in trade volume across the market.” He also stated that: “Coinfloor is currently undergoing a business restructure to focus on our competitive advantages in the marketplace and to best serve our clients. As part of this restructure, we are making some staff changes and redundancies.”

Israeli Exchange Looks Abroad

Exchanges Roundup: Coinbase Volumes Hit 1-Year Low, UK Exchange to Fire Most of StaffAccording to Israeli media reports, Tel Aviv-based exchange Bit2c is looking to offer its services into foreign markets. The exchange has reportedly acquired a Gibraltar-based firm, Eyos, that is said to be in advanced phases of receiving a distributed ledger technology (DLT) license from the local regulatory authorities that can be used to accept clients from across the EU.

“This is a significant breakthrough in making unique Israeli technology more accessible while providing a professional and experienced service to the whole of Europe, and all in the framework of a license that will enable a range of trading activities, payment options and cooperations with traditional financial institutions such as banks, credit companies and insurance companies,” Bit2c CEO Eli Bejerano said. “We continue to examine other markets, and in the future we will act to get additional licenses around the world.”

Bequant Launches EUR Stablecoin

Exchanges Roundup: Coinbase Volumes Hit 1-Year Low, UK Exchange to Fire Most of StaffBequant, a London-based global exchange, has announced the launch of Stasis’ stablecoin EURS. The company explains that the launch of the token, meant to be backed 1-for-1 by the euro, will allow safe investing for its European institutional investors in a reliable asset.

“The cryptocurrency sector is constantly striving for ways to encourage transparency, reliability and trust from investors — both institutional and individuals. Doing so not only builds trust within the industry, but also establishes clear regulation and controls that make crypto-assets a desirable choice for any investor’s portfolio. Stablecoins hold huge advantages in making this goal possible, tying themselves to a more traditional asset,” said CEO George Zarya.

“STASIS EUR’s work in creating a more reliable asset will help build the credibility of cryptocurrency in the wider financial market through its improved processes aimed at providing a more secure asset for investment. Its listing on BeQuant presents a huge opportunity for investors to get involved with a currency that is already giving previously cautious investors access to the world of crypto.”

Should we expect more exchanges to cut staff as trading volumes drop? Share your thoughts in the comments section below.


Images courtesy of Shutterstock.


Verify and track bitcoin cash transactions on our BCH Block Explorer, the best of its kind anywhere in the world. Also, keep up with your holdings, BCH and other coins, on our market charts at Satoshi’s Pulse, another original and free service from Bitcoin.com.

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Binance Exchange to Replace Token Listing Fees With Donations

Binance Exchange to Replace Token Listing Fees With Donations

The popular Binance exchange has decide to replace its token listing fees with donations. The move follows a recent wave of strong criticism against cryptocurrency exchanges for the supposedly excessive fees they charge projects.

Also Read: Binance Wants to Invest in Africa, Reaches Out to African Projects

Donations Instead of Fees

Binance Exchange to Replace Token Listing Fees With DonationsThe Binance exchange has announced today a major change to its token listing fee policy. The team revealed that: “Starting immediately, and going forward, we will make all listing fees transparent and donate 100% of them to charity.”

According to the new policy, leaders of any project will be able to determine their desired fees (donations) themselves. Binance’s charity initiative will then disclose those sums to the public. The company claims it will not dictate any minimum viable donation fees. “A large donation does not guarantee or in any way influence the outcome of our listing review process,” added Binance CEO Changpeng Zhao.

400 BTC per Listing?

Binance Exchange to Replace Token Listing Fees With DonationsThis move can be seen as part of Binance’s recent drive to push crypto adoption into the philanthropy scene. Back in July of this year the company launched the “Blockchain for Charity” foundation, led by United Nations Goodwill Ambassador Helen Hai in partnership with the president of Malta, with the stated aim of helping the U.N. narrow down its Sustainable Development Goals funding gap.

The change can also be seen as a response by Binance to a wave of strong criticism hitting all popular cryptocurrency exchanges this year for the supposedly excessive fees they charge projects, which desperately need such platforms to reach more investors. This issue has been on the mind of the Binance leadership for a while now and Changpeng Zhao has addressed it before. Back in August we reported that the CEO publicly denounced as a liar a project founder who claimed Binance demanded 400 BTC to list a token.

How should exchanges decide which tokens to list? Is it legitimate to charge a fee? Share your thoughts in the comments section below.


Images courtesy of Shutterstock.


Verify and track bitcoin cash transactions on our BCH Block Explorer, the best of its kind anywhere in the world. Also, keep up with your holdings, BCH and other coins, on our market charts at Satoshi’s Pulse, another original and free service from Bitcoin.com.

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Crypto Giant Binance Will Donate All Coin Listing Fees to Charity

Binance Zhao Changpeng SequoiaBinance announced that as of today the company will make all listing fees transparent. In addition, 100% of fees are will be donated to charity. The move is likely to generate a fair amount of attention for the world’s largest cryptocurrency exchange by trading volume. Previously, listing fees on Binance – the cost of listing a … Continued

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Binance’ Astronomical Success is Motivated By Advertises Faced in China

The regulatory clampdown on cryptocurrency exchanges in China has been noted as a key factor in the sensational growth of Binance in 2018. Launched in the middle of 2017, the rate of growth that Binance has experienced, both in terms of trading volume and capitalization has attracted a lot of attention within the cryptocurrency environment. … Continued

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$2.5 Million: Binance Invests in Aussie Crypto Payments Startup to Push Adoption

Australian cryptocurrency payments startup Travelbybit has seen a cash injection of $2.5 million from a high-profile investor in Binance, the world’s largest cryptocurrency exchange. Crypto unicorn Binance is investing AUD $3.48 million (approx. USD$2.5 million) in TravelbyBit to further expansion of the latter’s network of cryptocurrency payment terminals following a successful implementation in Brisbane earlier … Continued

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How Binance Decentralized Crypto Exchange Beta Launch in 2019 Will Impact the Market

Binance, the world’s largest crypto exchange by daily trading volume, is set to launch a beta version of its decentralized exchange (DEX) by early 2019. Changpeng Zhao, the CEO of Binance better known to the community as CZ, said on Saturday: “Just had a productive meeting for Binance DEX (decentralized exchange), where BNB will be

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TechCrunch Founder Outraged at US SEC, Will Crypto Firms Also Pivot to Asia?

The US Securities and Exchange Commission (SEC) has been heavily criticized for its actions against Elon Musk’s Tesla, the crypto market and investment firms within the local market. On Sept. 29, Michael Arrington, the co-founder of TechCrunch, announced that his venture capital firm has decided to move out of the US and relocate to Asia

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Markets Update: Digital Asset Consolidation and Accumulation Continues

Markets Update: Digital Asset Consolidation and Accumulation Continues

On Saturday September 29, cryptocurrency prices are meandering along after an interesting two weeks of ups and downs. Since last week’s crypto market dips, digital asset markets have been seemingly less volatile and many cryptocurrencies are following a tight wedge formation indicating a possible accumulation phase.

Also read: Ebang Announces 44 Terahash E-11 Miners With 10nm Chips

The Cryptocurrency Economy Gains US$13 Billion This Week

The weekend is here and digital asset traders are trying to figure out what’s next in the land of crypto trading. There’s been some improvement since our last markets update four days ago as the entire crypto-economy at the time was valued at US$210 billion. Today, thanks to gains stemming from ethereum, ripple, and bitcoin cash, the overall market capitalization has gained over $13 billion as it currently rests at $223.7 billion. The top assets today with the most 24-hour trade volume include bitcoin core (BTC), tether (USDT), ethereum (ETH), ripple (XRP), eos (EOS), and bitcoin cash (BCH).

Markets Update: Digital Asset Consolidation and Accumulation Continues
Top ten digital asset markets on Saturday, September 29, 2018.

Bitcoin core (BTC) prices are hovering around $6,587 today, but markets are down 0.86 percent over the last 24-hours, and 1.5 percent for the week. BTC has an overall market valuation of around $113 billion and trade volume is meandering around $4.6 billion this weekend. Ethereum (ETH) is up 3.6 percent this Saturday and one ETH is trading for $232 per coin at press time. Ripple (XRP) markets have seen a 7.5 percent gain over the last 24-hours and 0.11 percent over the week. XRP is trading for $0.56 per coin and the market valuation for ripple today is $22.7 billion. Lastly, eos (EOS) has lost 0.96 percent today and 2.86 percent for the last seven days. One eos is swapping for $5.75 per token with a market capitalization of around $5.2 billion.

Bitcoin Cash (BCH) Market Action

Bitcoin cash (BCH) markets are continuing to do well this week as prices have gained 13 percent over the last seven days. However, BCH markets over the past 24 hours are down 0.18 percent leading to a price of around $542 per BCH. Currently, the market capitalization for bitcoin cash hovers around $9.42 billion and trade volume is about $639 million at the time of publication. The top five BCH swapping exchanges this weekend are Lbank, Hitbtc, Okex, Binance, and Coinex. The top currency pairs traded with bitcoin cash this weekend include USDT (39.9%), BTC (32.9%), ETH (13%), USD (7.5%), and KRW (2.8%).

Markets Update: Digital Asset Consolidation and Accumulation Continues
BCH/USD seven-day Satoshi Pulse, 9-29-18.

BCH/USD Technical Indicators

Looking at the 4-hour trading view charts on both Bitfinex and Bitstamp shows BCH bulls may be showing a bit of exhaustion after the spike a few days ago. The Macd indicator (4-H) shows bulls have leveled some upper resistance as the price approached oversold territories yesterday. Both momentum oscillators on the 4-H BCH chart indicate some bullish charges continue as RSI (-58.4) and Stochastic (-22.4) show room for more improvement today.

Markets Update: Digital Asset Consolidation and Accumulation Continues
BCH/USD 4-hour Bitfinex, 9-29-18.

The two simple-moving-averages (SMA) trendlines look as though a crossover trend could take place over the next 24 hours. However, the SMA 200 is still above the 100 SMA indicating the path towards the least resistance is still the downside. Order books towards the upside show heavy opposition from now up until $575; from there on, books show smoother seas. On the backside, if bears manage to claw price down some more we can see strong foundational support from the current vantage point and until $488. There also appears to be a massive wall holding from $485 through $470.

Markets Update: Digital Asset Consolidation and Accumulation Continues
BCH/USD daily Bitfinex, 9-29-18.

The Verdict: While Traders Wait for Higher Highs in 2018, Some Envision Momentum Building in the Fourth Quarter

There’s been a lot going on in the cryptocurrency world but this week’s headlines were definitely far less negative than last week’s crypto news. In the US a federal judge on Sep 26 declared that all cryptocurrencies should be viewed as commodities which in turn provides the Commodity Futures Trading Commission (CFTC) with the ability to charge digital currency projects with fraud. A few cryptocurrency analysts and industry executives are still positive we will see a bull run by the year’s end.

As 2018’s fourth quarter begins, Naeem Aslam, chief market analyst at Think Markets UK, says he sees momentum increasing again. “September is coming to an end and a very interesting quarter is about to start. Does it remind you of anything? Oh yes, it reminds me of last year’s bull rally,” wrote Aslam on Friday. The Think Markets researcher adds:

It appears to me that a similar momentum could be building up again — This must be music to those who are suffering from heavy losses in the crypto market.  

Speaking in an interview at the Consensus: Singapore 2018 event, Changpeng Zhao (CZ), CEO at Binance, also thinks the bull market will return and cautiously says cryptocurrency prices usually spike during fourth quarters. CZ emphasized during the interview:

I think that any minute the bull market will return, and historically, October to December are the good months — Before Christmas are usually the months when the markets go up very often, but I am not saying that it will this year, or that it will not.  

Where do you see the price of Bitcoin Cash and other coins headed from here? Let us know in the comment 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.”


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