Coinbase Provides Wider Support for Crypto-to-Crypto Conversions

Crypto exchange platform Coinbase has announced that it will be expanding its crypto-to-crypto trading service to more countries. In the announcement, Coinbase explains that cryptocurrencies are in a transition period, which will see them move from being investment options to utilities. According to the exchange, the enablement of crypto-to-crypto conversions will serve as “the backbone of this new decentralized economy.” The new feature will be available to Coinbase.com and Coinbase Pro users in 11 additional nations within Southeast Asia and Latin America. These countries include New Zealand, Peru, Mexico, South…

Expanding crypto-to-crypto support to more countries around the world

By: Linda Xie, Coinbase Pro; Dan Coffman, Consumer Trading Introducing crypto-to-crypto conversions and trading to more countries through Coinbase and Coinbase Pro One year ago, Coinbase served customers in 32 countries across two continents. Over the past 12 months, one of our main priorities has been to bring Coinbase services to people in all corners of the globe. Today we’re excited to welcome 11 more countries across Latin America and Southeast Asia to the cryptoeconomy by allowing customers to store, trade, send, and receive cryptocurrencies on Coinbase Pro and Coinbase.com — increasing…

Crypto Market Near Decisive Support: Bitcoin Cash, Litecoin (LTC), EOS, XLM Analysis

The total crypto market cap is currently above the key $160.0B support area. Litecoin (LTC) price is down more than 5% and it recently broke the $80.00 support zone. Bitcoin cash price performed really well after BSV was delisted from binance. EOS price failed to hold gains and traded below the $5.45 and $5.40 support levels. Stellar (XLM) price is correcting lower and it is likely to test the $0.1100 support area. The crypto market cap is near a crucial support near $160.0B, If its holds, there could be a…

Ethereum (ETH) Price Approaching Significant Support

ETH price started a downside correction after testing the $188 level against the US Dollar. The price declined below the $174 and $165 support levels to move into a short term bearish zone. There is a crucial bullish trend line forming with support at $155 on the 4-hours chart of ETH/USD (data feed via Kraken). The pair could decline further towards the $155 support before it could bounce back. Ethereum price started a major downside correction versus the US Dollar and bitcoin. ETH is currently under pressure and it seems…

Bitcoin Drops Back to $5K Price Support After Failed Breakout

Bitcoin (BTC) has fallen back to support at $5,000 after a failed breakout Wednesday. The number one cryptocurrency by market valuation made a strong bullish break from an ascending triangle pattern yesterday evening at 18:00 UTC, reaching a peak of $5,488 on the Coinbase exchange. However, that move was quickly rejected and an increase in selling pressure on today’s open laid the pathway for bitcoin to slide, first to $5,200 overnight, then quickly to $5,018 soon before press time. At press time, bitcoin is trading at $5,068, down over 3…

Ripple (XRP) Price Breaks Key Support, Turns Sell on Rallies

Ripple price declined heavily after it broke the key $0.3500 support area against the US dollar. The price broke many supports on the way down such as $0.3440, $0.3350 and even $0.3250. There is a short term bearish trend line formed with resistance near $0.3260 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair is clearly trading in a bearish zone and recovery could face sellers near $0.3260 or $0.3320. Ripple price declined heavily below key supports against the US Dollar and bitcoin. XRP remains…

Blockchain Ecosystem Offers $1.5 Million DApp Development Fund, Tech Support and Marketing

An established blockchain ecosystem has launched a decentralized application (DApp) funding program worth $1.5 million to incentivize developers and enthusiasts to build applications with real value. WaykiChain says it will offer support of up to $15,000 for every decentralized application, along with other services that include tech support, branding and product marketing. The company hopes this program will help eliminate worries for developers and put them on a solid financial footing. Over time, WaykiChain believes this initiative will lead to a “long-lasting, stable, efficient, fair and sustainable ecosystem” where developers…

Bitcoin Breaks Key Support But Buyers Could Protect $4.9K-$5.0K

Bitcoin price climbed further higher and broke the $5,400 resistance level against the US Dollar. The price traded to a new multi-month high at $5,461 before correcting lower sharply. This week’s followed important ascending channel was breached with support at $5,240 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair settled below $5,240 and it may extend the current decline towards $5,070 or $4,960. Bitcoin price traded to a new yearly high and recently corrected lower against the US Dollar. BTC dipped below the $5,240…

Ripple Bulls Protecting Crucial Support But Can They Gain Momentum?

Ripple price declined recently, but it managed to stay above the $0.3480 support against the US dollar. The price must stay above the $0.3480 support to avoid a downside break in the near term. There are a couple of short term bearish trend lines in place with resistance near $0.3595 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair could start a major downside move if it settles below the $0.3480 support level in the near term. Ripple price is currently consolidating against the US…

Coinbase Pro Adds Support for Three New Tokens: EOS, Augur and Maker

Coinbase Pro, the professional offering of major American crypto exchange and wallet service Coinbase, has added support for EOS (EOS), Augur (REP) and Maker (MKR). The development was announced in a blog post on April 8. The post states that the platform now accepts inbound transfers of EOS, REP and MKR, and will be accepting deposits for at least 12 hours before enabling trading. Trading on order books will be available once sufficient liquidity is established. In the post, the company notes that Coinbase Pro will add support for EOS…