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- Crypto Analyst Warns Traders of Potential Altcoin Extinction – Plus Bitcoin, Ripple and XRP, Ethereum, Litecoin, Cardano, Tron
Crypto Analyst Warns Traders of Potential Altcoin Extinction – Plus Bitcoin, Ripple and XRP, Ethereum, Litecoin, Cardano, Tron
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From a warning on a potential altcoin catastrophe to new adoption for Ethereum, here’s a look at some of the stories breaking in the world of crypto.
Altcoins and Bitcoin
A popular crypto analyst says big changes affecting US traders on Binance and Bittrex could have a dire impact on a number of altcoins. Binance.com is pulling the plug on US traders, prohibiting them from trading on Binance.com as of September 12th. Meanwhile, Bittrex is sending out emails to alert its US customers that certain markets will shut down on June 28.
Markets Shutting Down on Bittrex for US Customers
DonAlt told his 106,000 followers on Twitter that he believes coins that will soon be banned from Bittrex and don’t make it over to Binance’s new US-based exchange called Binance.US could essentially be delisted into oblivion.
This is an altcoin exodus.
If we assume these coins will all not be on Binance US either (Regulation for Bittrex and Binance is the same) they'll lose the entirety of the US market.
These alts might not capitulate into nothingness, they might just get delisted into it. https://t.co/lac3p5XFt7
— DonAlt (@CryptoDonAlt) June 15, 2019
As for Bitcoin’s recent surge past $8,600, DonAlt says he’ll flip bullish if BTC can close out the week on a high note.
$BTC update:
Broke out, no surprise there.
Still waiting for the weekly to close.
If we show strength going into it I'll flip bullish again having made money on the retracement.
If it shows weakness back to shorting I go. pic.twitter.com/28yHK3oTPX
— DonAlt (@CryptoDonAlt) June 14, 2019
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Ethereum
An oil and energy company in San Diego, California says it will be the first company to list oil assets on the Ethereum blockchain.
Ziyen Inc., plans to tokenize the assets using ERC20 standards.
“At the moment the owner of a working interest in the producing lease would routinely receive their monthly royalty check until the well runs dry, but under tokenization they will now have the ability to sell this. This groundbreaking notion is a key step forward in the development of a global energy currency.”
Ripple and XRP
Ripple has released an extended cut of its interview with director of product management Craig DeWitt.
The interview covers key updates to RippleNet, including multi-hop, on-demand liquidity and customer integration.
Watch @CryptoCwby explain the newest features on RippleNet including faster integration, multi-hop and on-demand liquidity on the #RippleDrop. https://t.co/k7AhGaB80r pic.twitter.com/VrjtwodJPj
— Ripple (@Ripple) June 14, 2019
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Litecoin
The project director of the Litecoin Foundation says Glory Kickboxing is accepting LTC for VIP tickets to an upcoming event in Paris. Bitcoin is also accepted.
Perhaps the first time ever that a major sports brand accepts #crypto as a legit form of payment without conversion.
Way to go @GLORY_WS for being the trailblazer once again.
Any European #LTC folks, here's your chance to literally #PayWithLitecoin https://t.co/72VRFuNH6N
— David Schwartz (aka – Dasch) (@DaddyCool1991) June 14, 2019
Cardano
Charles Hoskinson continues his travels around the globe to promote blockchain technology. Current stop: the country of Georgia where he flashes his new haircut standing next to a crypto ATM. The Cardano creator is posting regular updates via Twitter.
Good to visit the local ATM while getting a haircut pic.twitter.com/DDD78BzHD8
— Charles Hoskinson (@IOHK_Charles) June 14, 2019
Great meeting with the Georgian minister of finance pic.twitter.com/nu7ZTT6IYz
— Charles Hoskinson (@IOHK_Charles) June 14, 2019
More ministry meetings. Off to even more pic.twitter.com/8IrpwtCHbQ
— Charles Hoskinson (@IOHK_Charles) June 14, 2019
Great meeting with The European Bank for Reconstruction and Development pic.twitter.com/pvE0J2iVl2
— Charles Hoskinson (@IOHK_Charles) June 14, 2019
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Tron
The latest report on Tron’s decentralized app ecosystem is out. The report covers a number of new DApps including a game called Cipher and a development platform called CodeXpert.
