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Exchanges

Bittrex Closes it’s International Exchange and Disables Thousands of Trading Accounts

June G. Bauer

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Bittrex-International-Exchange-closed-and Disables-Thousands-of-Trading-Accounts

The leading cryptocurrency exchange, Bittrex announced that it’s international trading platform “Bittrex International” which operates out of Malta is closing and it will be replaced with a new trading platform “Bittrex Global”which will be headquartered in Liechtenstein.

This comes after Maltese Financial Regulator said that it will “actively monitor” licensed cryptocurrency businesses in the country to prevent money laundering.

Bittrex Global is a new European exchange utilizing the trusted Bittrex technology platform. Headquartered in Liechtenstein, Bittrex Global aspires to be the premier global exchange for trading new and innovative blockchain tokens.

From bittrex’s Annoucement

Bittrex Moves $414 million USD Worth of Bitcoin

According to “Whale Alert”, a twitter bot that monitors crypto transactions, Bittrex has made the biggest Bitcoin transfer we have seen in months. It moved 43,653 BTC (414,139,256 USD) to unknown wallet.

Bittrex Closes Thousands of Trading Account

Last week, we reported that Bittrex will be banning 31 countries from accessing it’s exchange. Today, the effected users received the bellow message when they try to use Bittrex Global.

Bittrex-Disabled Account

If you live or access Bittrex exchange from any country in Bittrex Banned List, then most likely your account will get banned.

Our Thoughts on Bittrex

Bittrex is an exchange that people should avoid using, there are cases of people who lost a lot of money as they did not get the early warning to withdraw their funds. Bittrex support is super slow in answering tickets, sometimes it takes months to hear back from them if you have an issue with your account.

Pop cultureaholic, Technology expert, Web fanatic and a Social media geek. If you have any questions or comments please feel free to email her at [email protected] or contact her on Twitter @JuneTBauer1

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Altcoins

Graviex Exchange Adds ARK Coin

Sying Tien

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Cryptocurrency exchange Graviex announced that it just added Ark (ARK) to its platform starting Saturday, June 6th.

As of writing these lines, ARK wallets are now open for deposits, and users can trade ARK/BTC, ARK/ETH and ARK/USDT.

What is ARK coin?

ARK is an all-in-one blockchain solution that focuses on the interconnectedness of blockchains. Currently, Bitcoin and Ethereum are unable to transact with each other. The Ark team plans to change this through the use of Encoded Listeners and smartbridges. Ark is not just a cryptocurrency; it is an ecosystem intended to catalyze the mass adoption of cryptocurrency.

ARK uses what is called a Delegated-Proof-of-Stake (DPoS) consensus mechanism that is made up of 51 delegates. The delegates, located all over the world, are supposed to run the ARK network and are rewarded with block rewards for doing so. Holders of ARK are able to allocate their coins and vote to any delegate of their choosing via a wallet. The delegate would then share their reward with those who voted for them. The more ARK coins you hold the more rewards you will receive.

ARK/USD price

ARK’s Official Links:
Website: ark.io
Twitter: @ArkEcosystem
Reddit: https://reddit.ark.io/

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Exchanges

STEX Exchange Adds Indian Rupee

Sying Tien

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STEX Exchange Adds Indian Rupee

The Estonian cryptocurrency exchange, STEX, has added support to Indian Rupee payments within its platform. Users will be able to perchance cryptocurrency for INR – Indian Rupee with using VISA or Mastercard.

STEX exchange is a centralized cryptocurrency exchange that was founded by Vadym Kurylovych and launched in September 2017. The exchange located in Tallinn, Estonia. The exchange It supports crypto-to-crypto and fiat-to-crypto trading with no withdrawal limits.

Estonia is also one of the few countries that have a specific license issued for cryptocurrency exchanges, with simple company setup procedures and favorable taxation.

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Altcoins

ARK Price Jumps 48% After Binance’s Announcement

June G. Bauer

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ARK Price Jumps

Binance, the worldโ€™s largest cryptocurrency exchange, has officially enabled ARK staking on its exchange platform. Users can earn passive income by just holding at least 5 ARK coins on their exchange wallets.

Following Binanace’s announcement, the value of the cryptocurrency ARK coin rose by 48 percent last night. At the time of writing, ARK coin is worth $0.214, giving it a $25.8 million market cap.

Ark is one of the most ambitious solid projects in the crypto space. Ark is an all-in-one blockchain platform that aims to create an entire ecosystem of linked chains and a virtual spider web of endless use cases that make ARK highly flexible, adaptable, and scalable.

What is Crypto Staking?

In practice, staking allows customers to earn what is essentially interest on any cryptocurrency they hold, rewarding HODLers with a stream of passive income.

Currently, Binance supports staking for several PoS (Proof of Stake) coins, including Stellar (XLM), Algorand (ALGO), NEO (GAS), Ontology (ONG), VeChain (VTHO), Tron (BTT), Komodo (KMD), Stratis (STRAT), and Qtum (QTUM).

ARK/USD Price

*Charts are provided by cryptocompare.com

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