Crypto Exchange Bitlish Adds Support for Ripple (XRP) and NEM (XEM) (CryptoNinjas.net)
UK cryptocurrency exchange Bitlish has announced today the company has added support for Ripple (XRP) and NEM (NEM). Users can now accept transfers in XRP to their Bitlish account and make transfers from there, as well as trade it for BTC and EUR. Ripple is also fully supported in the company’s multi-cryptocurrency enabled mobile wallet. NEM, has been in the news due to the recent major $534 million theft from Japan exchange Coincheck. Still, NEM (XEM) is one of a top 20 cryptocurrencies by market capitalisation with a user friendly blockchain.
LitePay CEO Ceases All Operations, Prepares to Sell Company (Discover.Coinsquare.io)
Today, an announcement from the Litecoin Foundation stated that LitePay CEO Kenneth Asara ceased all operations and intends to sell the company. Now, investors are left wondering what this means for the future of Litecoin, and how the market will react to this announcement. Ceo Exit Marks the End of the Litepay Saga: With the announcement, the Litecoin Foundation said that it recently found out from LitePay’s CEO that he ceased operations, effectively marking the end of the LitePay saga. “We are greatly disheartened that this saga has ended in this way and we apologize for not doing enough due diligence that could have uncovered some of these issues earlier,” the foundation said in the announcement. “We are currently working hard to tighten our due diligence practices and ensure that this does not happen again.”
Twitter will Start Banning Cryptocurrency Ads Tommorrow (TheVerge)
Twitter will begin blocking cryptocurrency-related ads tomorrow, the company confirmed in a statement to The Verge. The move follows other social media platforms like Reddit back in 2016, and more recently, Facebook and Google, which have already banned cryptocurrency ads. “We are committed to ensuring the safety of the Twitter community. As such, we have added a new policy for Twitter Ads relating to cryptocurrency,” the company says. “Under this new policy, the advertisement of Initial Coin Offerings (ICOs) and token sales will be prohibited globally.” Rumors initially circulated a week ago that Twitter would ban such ads. Earlier this month, the company began removing accounts that intentionally solicit cryptocurrency exchanges, impersonating famous figures like Elon Musk, John McAfee, and Ethereum co-founder Vitalik Buterin.
Bitcoin Price Falls On Reports Of Twitter Banning Cryptocurrency Ads (Investopedia.com)
The price of a single bitcoin fell Monday morning after reports circulated that social media platform Twitter Inc. (TWTR) will ban cryptocurrency ads. At 10:32 UTC this morning, bitcoin’s price was $8,316.45. By 12:12 UTC, it had crashed to $8,049.63. Cryptocurrency markets reacted similarly to the news, shedding almost $10 billion of their value during the same time period. At 16:51 UTC, bitcoin’s price was $8,075.07, down 4.44% from its price 24 hours ago. Cryptocurrency markets were valued at $309.6 billion, down approximately 6% from their overall market cap 24 hours ago.
On Track Innovations Completes New Cryptocurrency Payment Solution for Automated Machines and Micropayment Market (PRNewswire.com)
ROSH PINNA, Israel, March 26, 2018 /PRNewswire/ — On Track Innovations Ltd. (OTI) (NASDAQ:OTIV), a global provider of near field communication (NFC) and cashless payment solutions, has launched its cryptocurrency (CC) payment solution for the micropayment market and automated machines. To OTI’s knowledge, this is the first and only CC payment solution on the market today for automated machines and the micropayment market. The innovative OTI system, which was developed following extensive research into the market, allows the use of (CC) standard mobile wallets. The company’s solution is simple, easy to use, fully secure method for micropayments, and tackles the significant challenges of CC in automated machines and micro-payments. This ground-breaking payment solution provides high-speed, low-fee transactions, while also solving global currency exchange issues that may arise from using CC as a form of payment.