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Flash hike: Qtum skyrockets by over 36% in 1-hour after Apple Pay & Samsung Pay announcement

Priya

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Flash hike: Qtum skyrockets by over 36% in 1-hour after announcement that coin can be used on Apple Pay & Samsung Pay
Source: Unsplash

While the market is in a bearish trend, QTUM, a leading cryptocurrency, won the battle against the bull and experienced a massive surge.

According to CoinMarketCap, at press time, the coin was trading at $2.65 with a market cap of $263.95 million. It recorded a trading volume of $395.08 million, with a hike of over 36% in the past one-hour and over 47% in the past seven days.

More so, the price movement of the coin in the past 24 hours was pictured to be 37% upwards. This has also pushed the coin ahead in terms of market cap placement, as it was seen in the 25th position rather than its usual 30th position.

Qtum price chart | Source: Trading View

Qtum price chart | Source: Trading View

The highest trading volume for the cryptocurrency was pouring in from LBank for QTUM/ BTC trading pairs. The second was also recorded on the same exchange but for QTUM/ETH trading pairs. The other top exchanges on the list were UEX, ZB.com, and UpBit.

The price of the coin could have gained momentum because of its recent announcement pertaining to QTUM integration on Zeux Payment platform.

Source: Twitter

Source: Twitter

The blog statement read:



“We think so, and that’s why we are pleasantly pleased Zeux has added Qtum to their app to allow just that to happen with their official launch in the UK and a soft launch in the rest of EU (friends in the US, you will have to wait a bit longer).”

The blog also stated that Zeux “reduces the friction” in terms of using QTUM in the real world, and that it “sticks to the nature” of cryptocurrency by enabling zero-fee transactions. This integration would allow QTUM users to use their tokens on any store available on Apple Pay or Samsung Pay.

Miguel Palencia, Chief Information Officer at Qtum Foundation said:

“We’re excited that Zeux has added QTUM to its app. This adds a tremendous amount of additional utility for our valued community who can now use QTUM for all point-of-sale payments with merchants that accept Apple Pay, and Samsung Pay […]”





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Priya is a full-time member of the reporting team at AMBCrypto. She is a finance major with one year of writing experience. She has not held any value in Bitcoin or other currencies.

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Tether’s [USDT] market capitalization hits all-time high, Facebook in talks with Winklevoss twins, trading firms over new cryptocurrency and more

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Tether’s [USDT] market capitalization hits all-time high, Facebook in talks with Winklevoss twins, trading firms over new cryptocurrency and more

Daily Crypto News – May 25

1) Bitcoin Wallet receives part of 5,000 BTC: A recent Whale Alert highlighted a transaction on May 24, where a large sum of Bitcoin [BTC] exchanged hands between two anonymous wallets. According to the alert the transaction took place at 22:13:23 + 1 minutes and 5,000.00001092 BTC was transferred from an unknown wallet, with address 19SiCYaYKZh9A8HUjuh14eg5wtYzKxiFbB, to another unknown wallet with address 14GcjGjxwadzcpmq9EG3KUgTKATjurbnWt.

Read more at https://bit.ly/2VRQwb0

2) Bitwise Report 2.0: Bitcoin [BTC] futures continues growth: On a month-on-month basis, Bitcoin Futures saw a massive bump in April trading at an average of 10,000 contracts daily, peaking on April 4, with over 22,000 contracts traded. To put that number in perspective, in March 2019, the average contracts traded was less than 4,000. Despite the high standards set in April, the average daily contracts traded in May, with 25 days gone has exceeded 14,000 and still looks to grow, given the price performance of Bitcoin.

Read more at https://bit.ly/2W40sTR

3) Craig Wright on private keys: Craig S Wright has, for years, claimed he is the true creator of Bitcoin [BTC] without providing a shred of evidence to support the same. With the crypto-community levelling, Wright could prove his worth by sending BTC from Satoshi Nakamoto’s touted wallet containing around 980,000 BTCs, the BSV man in a twisted cause and effect situation, stated he will “sign” into his wallet only when he proves he is the creator.

Read more at https://bit.ly/2X6fdlw

4) Tether’s [USDT] market cap hits ATH: Tether and Bitfinex are being closely scrutinized now more than ever due to the NYAG’s lawsuit; however, the scrutiny doesn’t seem to have affected Tether as the market cap of USDT has increased by over $100 million in approximately 70 days.

Read more at https://bit.ly/2McaTjE

5) Tether volume shift: Another controversial topic in the cryptocurrency industry was the issue of fake transaction volumes on many of the popular cryptocurrency exchanges. The magnitude of the topic was so large that even Changpeng Zhao, the Chief Executive Officer [CEO] of Binance had raised red flags. This topic and Tether as a whole received another twist when Larry Cermack, the Director of Research at The Block, pointed out a few parameters when it came to the said volume.

Read more at https://bit.ly/2wmk4mJ

6) Bitfinex’s LEO tokens listed on Delta Exchange: Bitfinex’s Leo tokens faced quite a lot of criticism when they were announced, due to the missing $850 million funds from Bitfinex. The private investment round by Bitfinex also faced a lot of heat from the media. However, in a recent development, Leo tokens are being listed on various exchanges for trading.

Read more at https://bit.ly/2HUEnNB



7) Robinhood en-route a projected valuation of $7 billion: Robinhood, the California-based cryptocurrency exchange made headlines recently when a source close to the organization revealed that it was on the verge of closing their latest round of funding at a valuation of a whopping $7 billion – $8 billion. Sources even claimed that the current round of funding could act as a precursor to an even bigger round of funding, which would pit Robinhood with the bigwigs like Coinbase and Binance.

Read more at https://bit.ly/2W64KKj





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