Our Team Meets Burger Crypto, Bitcoin Breaches $4000, Cryptopia Resumes Trading, It Looks Like It’s Alt Season And More QuadrigaCX News— The Crypto2Cash Chronicle
Your daily dose of crypto and blockchain news, summarized by the Crypto2Cash team
Meeting with Burger Crypto Asset Management
Recently our team met up with Burger Crypto Asset Management, an asset management service that helps innovative investors with their crypto investments, offering a tailored service. Burgercrypto.com has featured an interview with our founders on its blog as of today and it discusses the idea behind Crypto2Cash, the solution we offer and our plans for 2019. Make sure to check out burgercrypto.com and read the interview below:
Bitcoin Breaches $4.000
Bitcoin broke above $4.000 for the first time since early January. The $4.000 mark is seen as psychologically important by many traders and this movement could trigger more positive price movements. The next important barrier to breach now is the 200-day moving average, which sits at $5.400.
(Source: Bloomberg)
New Zealand exchange Cryptopia resumes trading
New Zealand based cryptocurrency exchange Cryptopia has announced that it resumed trading on 40 trade pairs. The exchange was hacked in mid-January and lost around $16 million, with hackers having control of certain wallets for almost 2 weeks. The announcement faced mixed reactions today, with many customers being angry about their lost crypto balances.
(Source: Cointelegraph)
Binance lets Australians buy Bitcoin with cash
Cryptocurrency exchange Binance has announced a new platform in Australia, that will allow users to buy Bitcoin with Cash from Newspaper stores. The service is called Binance Lite Australia and will be supported by 1300 newsagents across the country. Users will have to go through Binance’s verification process first and afterwards can deposit cash at the nearest newsagent, receiving their Bitcoins “within minutes”. Binance will charge a 5% transaction fee, which is rather low comparing it to Bitcoin ATM’s that usually charge around 10 to 15%.
It’s Alt Season
Bitcoin’s share of the total of the cryptocurrency market is on the verge of falling below 50% again, with the world’s largest coin currently accounting for 50.9% of the total capitalization. This has not happened since Aug. 11 of last year and is mainly due to the significant rise of many Altcoins like Binance Coin or Litecoin which saw a price increase of 181 and 97 percent respectively.
QuadrigaCX co-founder is convicted criminal
Records have shown that Michael Patryn, co-founder of failed Canadian Crypto exchange QuadrigaCX, has changed his identity twice in the past. Partryn was once known under the name Omar Dhanani and was convicted of several charges in 2005 and 2007, including conspiracy to commit credit and bank card fraud, burglary, grand larceny and computer fraud. After serving a sentence of 18 months, Partryn was deported to Canada where he started a new life with a new identity. This revelation adds a new layer of mistery surrounding the QuadrigaCX case and as time passes it becomes more evident, that the 115,000 customers of the exchange will probably never see their missing $195 million again.
(Source: Coindesk)
Get to know our team
Give us a call on +31 85 2250 510 or email us at support@crypto2cash.com. Our members of staff are available between 9.00–18.00 CET to answer any questions you may have, especially in regards to easily selling your crypto for fiat currencies.
