#CryptoCorner: Market Tumbles but BTC Holding $8K, Binance Releases Trust Wallet on DEX, Amero-Isatek to Open 8 Exchanges in Mexico and Israeli Supreme Court Rules in Favour of #Crypto Exchange
#CryptoCorner: Market Tumbles but BTC Holding $8K, Binance
Releases Trust Wallet on DEX, Amero-Isatek to Open 8 Exchanges in Mexico and
Israeli Supreme Court Rules in Favour of #Crypto Exchange
Point Roberts WA, Delta BC, June 4, 2019 - Investorideas.com, a leader in crypto and
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The crypto market took a
tumble yesterday, dropping from a total market cap of roughly $275 billion USD
to a low of $249 billion early this morning, according to data from CoinMarketCap.
As a result, most of the top 100 coins listed by market cap are in the red
today. Bitcoin (BTC) dropped as low as $7,865 but has since
recovered its $8,000 support level, which is what it is trading for at press
time. Ether (ETH) and XRP remain the two biggest altcoins, with
24-hour losses of 4.25 and 5.8 percent, respectively.
Crypto exchange giant
Binance has released its Trust Wallet on its decentralized platform Binance
DEX, according to a press release shared with Cointelegraph. Trust Wallet is an open
source, decentralized wallet that initially offered native support for Ethereum
(ETH) and ETH-based tokens, and was originally acquired by Binance in the
summer of 2018. In addition to its functioning as a wallet, it allows users to
access decentralized apps (dApps) on either the mobile or desktop version.
CoinDesk reports that
blockchain firm Amero-Isatek plans to open eight physical cryptocurrency
exchanges in Mexico, beginning with one in Nuevo León, Monterrey, on June 21.
Users will trade using the company’s own cryptocurrency, Amero, which will
launch along with the Monterrey location. The firm expects to reach a clientele
of 800,000 people with these plans.
Finance
Magnates
reports that the Israeli Supreme Court has ruled in favour of crypto exchange
Bits of Gold, allowing the latter to continue enjoying service from Bank Leumi.
Originally, the bank had restricted service to the exchange, citing concerns
with regulatory compliance. Bits of Gold CEO Yuval Roash said:
“This is an exciting moment for us as a company and for
the [cryptocurrency] community in general. We worked hard to set up a company
which met regulatory requirements, in a new industry, and those efforts paid
off. I am proud to be a part of this flourishing industry and push it towards
the right regulation.”
Sam
Mowers, Investorideas
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