Bitrue exchange announced recently that an upcoming feature would allow users of the exchange to purchase cryptocurrencies directly via credit cards. The statement also mentioned the addition of XRP pairs to the exchange.
“[Exciting News]: Credit Card Purchase will soon been brought live
@BitrueOfficial !! By May 15, you will be able to seamlessly purchase your $XRP and $BTC $ETH $BCH $LTC and trade it for other coin/tokens instantly! 🌟47🌟 $XRP pairs are live BTW!”
Although the tweet did not mention any details about the new feature, the exchange announced that the feature would be live from May 15, 2019.
Bitrue is not the first exchange to integrate credit card as an on-ramp to purchase cryptocurrencies. Binance announced the feature quite a while ago and implemented the use of credit cards to purchase cryptocurrencies. This feature was added on Binance due to the request of a user.
In addition, Bitrue also announced that 47 XRP pairs were live on the exchange; moreover, the exchange also had plans to organize an XRP meetup in Amsterdam on May 25. According to a blog, the CEO of the exchange, Curis Wang, said that he “will also share his vision and plan for Bitrue while making some big announcements!”.
Similar to Binance, Bitrue has been quite connected with its users and the crypto-community. Bitrue recently educated the community on a “vulnerability bug” on the XRP Ledger, which was exploited by the users, leading to the loss of XRP from certain exchanges.
A Twitter user @Vkumzy, commented:
“All you guys have to do now is launch your own Card with the ability for us to purchase stuff using our digital asserts and of course fiat deposits and withdrawals”
Another Twitter user @CryptoCelt, added:
“Well done to the Team behind the scenes and your self. Lots of hard work would have needed to be carried with regards to this. Testing Testing Testing the fundamentals of good IT.”
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Top Losers: Ethereum, XRP, and EOS bleed as crypto-market follows Bitcoin’s lead
The cryptocurrency market has been enjoying an unprecedented bull run over the past few months, a trend that reached its apex when Bitcoin briefly touched the $13,000 mark on Binance. However, on June 27, the market witnessed a trend reversal, with the bears returning to the world of digital assets.
Apart from Bitcoin’s price dropping by over 5% in an hour, popular altcoins like Ethereum, XRP and EOS also suffered a hit in value, with the bears ravaging all coins in the top ten cryptocurrencies club.
At the time of writing, Ethereum had fallen from $331.39 to $321.52 within an hour. This whopping 9.87 percent drop contributed to its market cap settling at $34.35 billion. The second largest cryptocurrency held a 24-hour trading volume of $106.66 million, a decent amount when compared to its figures during the bear market.
A majority of the volume was held by DOBI Exchange, a popular cryptocurrency exchange which controlled $636.38 million of all ETH trade. DOBI was followed by Huobi Global, with a 3.3 percent hold on all Ethereum transaction volumes.
The next altcoin to be affected by the sudden bear market was XRP, which fell by 6.67 percent in the hourly cycle. At press time, XRP was trading at $0.42, a far cry from the $0.47 it was trading at 24 hours ago. The cryptocurrency had a market cap of $18.22 billion and a 24-hour trading volume of $3.27 billion. BW.com, a relatively unknown cryptocurrency platform, controlled a majority of XRP trade with $232.13 million in ETH trading volume.
EOS was the third most affected by the bears’ attack, as the cryptocurrency fell by 3.41 percent in 50 minutes. EOS was trading at $6.446, with a market cap of $5.97 billion. The $5.29 billion trading volume was majorly split between LBank and Huobi Global, both of which recorded 9.48 percent and 5.75 percent in EOS trading volume, respectively.
The sudden market crash was speculated to be a major correction of prices after a sustained period of bullish rise by the coins. This fall coincided with predictions made by popular analysts and traders who had previously claimed that Bitcoin and the rest of the market will go through more bear runs, before they reach their all-time highs.
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