Coinbase Card Adds 5 New Crypto’s, OneCoin Co-Founder Faces Up to 90 Years in Jail and Bitcoin Approaches Bearish Crossover
Here is your daily overview of important and market moving cryptocurrency news, written by the Crypto2Cash team.
Coinbase Card Adds 5 New Crypto’s
The Coinbase Card was launched back in April and it can be used anywhere that accepts Visa. The card “instantly” converts cryptocurrency to fiat currency.
In addition to the currently offered crypto’s, BTC, ETH, BCH and LTC, now also XRP, BAT, REP, ZRX and XLM can be spend.
OneCoin Co-Founder Faces Up to 90 Years in Jail
OneCoin is known as a major crypto exit scam. The firm raised $4.4 billion in a Ponzi scheme.
Konstantin Ignatov, co-founder of OneCoin, has pleaded guilty to participation in the multi-billion dollar fraud. He now faces up to 90 years in prison.
Bitcoin Approaches Bearish Crossover
Bitcoin is now trading slightly below 8.600 USD. Its 100-day MA (now at $9,436) is now beginning to trend south and looks set to cross below the 200-day MA (at $9,290) in the next couple of days.
That would confirm a bearish crossover — the first of these MAs since April 17, 2018.
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