On June 21st, Edge Wallet announced on Twitter, the launch of Monero [XMR] on its trading list. Edge Wallet is a cryptocurrency wallet for storing various assets in one place for guided protection. It is based out of San Diego, California and was founded at the end of 2015. The recent tweet of Edge Wallet reads:
“We have the great pleasure to inform you, in your Edge wallet, you will now find $XMR. @monero has been on our list for a while and we are happy to provide it for the community. @fluffypony @XMRenthusiast @mariodian @BGGoodell @ArtofNBG @monero_observer #crypto #privacy #monero”
The wallet provides services such as multi-asset support, an exchange between assets, and in-app buying and selling. The wallet features an easy security interface with just a touch ID or PIN. It can be used to store several desired assets in one place, including Bitcoin, Ethereum, and now Monero.
Co-founded by Riccardo Spagni in April 2014, Monero began with a goal of high-end security via complete privacy as well as anonymity. However goal oriented, this very feature has swamped the coin in a lot of trouble. Off late, Monero has been a part of many controversies. From hacked coins to cryptojacking and social media spats, Monero has seen it all.
Homer J is an active XMR trader and Twitter user, who wrote:
“Not sure if I would trust mobile wallet with my XMR… waiting for @TREZOR support 🙁 but congrats anyway on the integration, folks.”
Will Pangman, a crypto-enthusiast commented:
“This is flat wrong. It’s safer than anything on the mobile market today. Go wash up.”
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Bitcoin SV surges by 6.84% in an hour; community speculates massive behind-the-scenes pump
The cryptocurrency market has witnessed major price hikes over the past few weeks, with Craig Wright’s Bitcoin SV emerging as the market’s unlikely performer. The Craig Wright-backed virtual asset, which is supposed to follow Satoshi Nakamoto’s original idea, outperformed every top 10 cryptocurrency over the past week, recording a growth rate of 22.86%.
At press time, the coin had recorded a price hike of 6.84% over the hour, with the coin valued at $228. The coin was traded the highest on CoinBene exchange, where the trading pair of BCHSV/USDT gathered a volume of $96 million. The exchange was closely followed by ZBG exchange, where the trade accounted for 13.62% of the entire trading volume.
According to the chart released by Trading View, a massive green candlestick can be observed. The chart also indicated that at press time, the candles were charting over the Moving Average [MA]. This suggested that extremely high trading volumes were pegged with Bitcoin SV.
Many in the community have speculated that the surge might be due to a massive dump of the coin in the market, after the token hit stagnation since pumping by more than 247 percent recently. The aforementioned price pump pushed the price of the coin from $53.22 to $250.
Previously, it has been suggested that the major pump witnessed within the Bitcoin SV ecosystem might be laden with market manipulation, implying the participation of illicit entities in the conduct of a “pseudo-pump” of BSV’s market. Further, the de-listing of BSV by major exchanges such as Binance may have made it more susceptible to sudden price movements, according to some.
At press time, Bitcoin SV was positioned 8th on the cryptocurrency charts. Despite the pump however, historical trends suggest a major price correction may be in the offing too.
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