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Mighty Hong Kong exchange Bit-Z welcomes Ripple’s XRP paired to USD

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A popular crypto exchange based in Hong Kong, Bit-Z, has listed Ripple’s XRP today. We often report on things that happen with crypto exchanges that don’t keep too big a profile in the cryptosphere. Not today. Today it’s about one of the big boys.

Bit-Z is a cryptocurrency exchange based in Hong Kong since 2016. It has a physical presence in 10 different countries, mainly in Asia (South Korea, Japan, Singapore). Tokeninsight (a professional assessment agency) considers it to be the world’s fourth most important. The company is a lot more than a simple cryptocurrency exchange. It also works in social networking, games, finance and electronic commerce. Lots of fingers in lots of pies.

Bit-Z, who has listed Ripple’s XRP just today, used to do business in very much the same way as most of the world’s crypto exchanges. By that, we mean that you could get a single trading account which is essentially useful to buy or sell Bitcoin. You have to verify your account through your mobile phone, and they could ask you to send some kind of ID to verify at a higher level.

While several digital assets are available at Bit-Z, before a few weeks ago you couldn’t use it to buy any directly, the way to go was to transfer Bitcoins from your wallet to your account on the website. Then you would trade Bitcoins for any of the other coins available.

If you’ve been involved in crypto as a retail investor, you’ll know that this is the way in which most exchanges work. The number of platforms that will allow you to buy any cryptocurrency using your debit or credit card is somewhat limited and, very frequently, you can only buy Bitcoin at the start.

Even before listing Ripple’s XRP, Bit-Z was already ahead of the curve because it offered something called “OTC Trade” in which you can use USD or Chinese yuan to buy ETH, BTC or LTC.

These purchases are done off the exchange service, but once you have them, you can transfer them to your Bit-Z account. And they take a wide variety of payment methods such as wire, cash deposit, AlyOPay, Moneygram, Neteller, WeChat, PayPal, and Western Union.

The information presented so far should suffice to show that this company has been innovative in opening the crypto horizons to all kinds of users who are not experts in blockchain technology or digital assets. And now, it’s taken another step beyond most competitors.

So, the announcement says that starting today, Bit-Z will be supporting Ripple’s XRP for trade and exchange. Not only that, it won’t be paired with Bitcoin or other cryptocurrencies only (which is the most common scenario, to the frustration of many) but also paired with a fiat currency, namely, the United States Dollar.

This can be a game changer, at least in the short term for Bit-Z because very few exchanges are offering the opportunity to buy XRP directly (instead of exchanging it for Bitcoin) and XRP is quickly becoming one of the world’s most important currencies.

XRP has been the coin that’s held its own during the last week’s market debacle; it’s dethroned Ethereum for the world’s second spot concerning market capitalization despite the mess we’ve attested over the last few days. And let’s not forget it was last year’s most profitable asset.

This is excellent news for XRP, Bit-Z, and lots of users – so we congratulate both entities on the new stride that will consolidate them both as some of the market’s leading players.

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Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.

Image Courtesy of Pixabay.

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BTC Surged Above $9.5K, will it Continue to Explode Towards $10K?

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After declining as low as $8,600 on May 25, Bitcoin is currently gathering upward momentum and hit near $9,500, representing a 3.5% gain on 1 day. With the price breaking out once again, there is a confluence of signs suggesting BTC could rally past its monthly high of $10,000 in the near future.

However, Bitcoin has seen six lower highs in a row in the past 12 months, which indicates a bearish cycle spanning over a long period of time. If BTC fails to break above $10,000, it increases the probability of the resumption of a correction.

In addition, BTC may be showing a rough inverse head and shoulders pattern, which is regarded as a textbook bottom indicator. Therefore, if BTC failed to break $10,000 this time, it may drop to at least $6,800 to form the pattern.

As a result, we can predict that Bitcoin may soon perform a retracement after hitting the $10,000 and change its direction to the upside movement after retesting the support at around $6,800 – $7,100. So how can we profit from the upcoming huge price volatility? BTC futures trading

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Fireblocks Network Adds DigitalBits, Brings Enterprise-Grade Security to Branded Cryptocurrencies

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DigitalBits, a blockchain protocol and network layer designed for consumer digital assets, is being added to the Fireblocks Network, the most secure digital asset transfer network for institutions, to deliver a safe and scalable infrastructure for the storage and movement of XDB tokens. Integrating the DigitalBits blockchain with the Fireblocks Network enables enterprise-level security support for branded cryptocurrencies.

Branded currencies, inclusive of loyalty and rewards points, and the emerging subcategory of branded stablecoins, account for billions of dollars in value, and have played a vital role in driving consumer behaviour.  As these assets begin the inevitable shift to tokenization, Fireblocks’ novel approach to securing digital assets will prove invaluable to corporate and consumer adoption.

Fireblocks’ Network utilizes a defense-in-depth approach to securing digital assets, combining multi-party computation-based cryptography (MPC) with chip-level isolation technology. This removes the single point of failure from the key-management process and enables hardware-based authentication for counterparty transactions.  Fireblocks innovative approach addresses common attack vectors: cyber attacks, internal fraud and human error, while reducing reliance on archaic, time-consuming practices such as test transfers, whitelisting and hardware wallets.    

“DigitalBits is the first blockchain-focused on servicing branded cryptocurrencies to join the Fireblocks Network” stated Michael Shaulov, CEO & Co-Founder at Fireblocks.  “We are looking forward to assisting…

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RoFX Review – Simplified Trading for Beginners

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RoFX Review
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Developed in 2009, RoFX was tested in the world currency market and started offering successful bids with excellent profits from 2010. It is an EA with a proven AI that provides a fully automatic trading solution. The robot is ideal for beginners who do not have much knowledge or experience in forex trading. Here is an honest review of RoFX based on the information gathered from myfxbook and top forex robot review tests.

How to Get Started with RoFX

You need to know that RoFX is not available for download. However, you can open an account for free on the robot’s official website rofx.net.  After logging in, the trader can choose from the packages available. A trader should select the package which seems to be the most convenient. 

The bigger the deposit, the less of a percentage is paid as performance fees. The trader also has the higher share in the daily trading profit. Daily profit is calculated as 0.38%. There is loss coverage guarantee.

The following packages are available:

  • Trial
  • Easy start
  • Moneymaker
  • Gold
  • VIP
  • VIP PAMM

You may view the details of the packages in the…

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