Notice: Trying to access array offset on value of type bool in /customers/5/5/b/businesstelegraph.co.uk/httpd.www/wp-content/plugins/newsmax-core/includes/core.php on line 212 Notice: Trying to access array offset on value of type bool in /customers/5/5/b/businesstelegraph.co.uk/httpd.www/wp-content/plugins/newsmax-core/includes/core.php on line 212
cryptocurrency

Cryptos Flat; Bitcoin Struggles at the $6,500 Mark


Bitcoin struggled to gain direction on Tuesday.

Investing.com – Cryptocurrencies were slightly higher on Tuesday as struggled to rally past $6,500.

Bitcoin fell 0.27% to $6,557.50 on the Bitfinex exchange, as of 10:25 AM ET (14:25 GMT).

Cryptocurrencies overall were steady, with the coin market cap of total market capitalization at $221 billion at the time of writing.

,or Ether, inched up 0.17% to $227.65 and was at $60.024, up 0.01% while gained 1.29% to $0.55818.

Meanwhile a Canadian bank formed a partnership with Ontario-based exchange Coinsquare. The bank, which hasn’t been named, will help the platform streamline deposits and withdrawals and allow the company to expand globally. Coinsquare already has plans to expand into Europe by the end of the year and Japan in 2019.

“This announcement is one of many examples of how institutional third-party partners put their faith in our approach to the cryptocurrency business,” said Coinsquare CEO Cole Diamond. “We’re thrilled to start a relationship with a major Canadian bank and we’re excited for what it means for our users.”

In other news, Ripple’s xRapid is live. The service uses XRP to carry out international transactions and will be used by payment providers Mercury FX and Cuallix, as well as cooperative financial firm Catalyst Corporate Federal Credit Union, the company said.

“I’m really excited to bring the product into the market at a time when there is a lot of skepticism about digital assets and their real use case,” Asheesh Birla, ‘s senior vice president of product, told CNBC.

“Here’s something where we’re finding a ton of value and providing a ton of value to our customers using digital assets to move money more efficiently.”

READ  The Cryptocurrency Market Update - Coinrevolution.com

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.





READ SOURCE

Leave a Reply