Binance Now Lets Australians Buy Bitcoin With Cash at Over 1,300 Stores

Cryptocurrency exchange Binance has unveiled a new platform in Australia that allows users to buy bitcoin with cash from high-street stores. Announcing the news on Tuesday, Binance said the new gateway, called Binance Lite Australia, is cash-to-bitcoin brokerage service accessible through a network of 1,300-plus supported newsagents across the country. The platform currently offers the option to buy only bitcoin using Australian dollars (AUD), but the exchange said it plans to support more cryptocurrencies and fiat options in the future. Once users have carried out an account verification processes, they…

Tether Updates Website, Says USDT Backed by “Reserves,” Not Just Cash

Tether just updated its website to clarify that each of its USDT tokens, which it used to claim were “always backed 1-to-1 with traditional currency,” are backed by assets other than fiat currency. Now, the website instead reassures its patrons that it’s always “100% backed by [its] reserves.” It clarifies this vague language, even legalistic language, by saying these reserves “include traditional currency and cash equivalents and, from time to time, may include other assets and receivables from loans made by Tether to third parties, which may include affiliated entities.”…

Revolut App Now Lets Users Auto-Trigger Cash and Crypto Exchanges

Mobile finance app Revolut has launched a new feature allowing users to “auto-exchange” cash and cryptocurrencies. The firm announced Tuesday that its over 4 million users can now automatically exchange, say, U.S. dollar (USD) to bitcoin (BTC) or ether (ETH) to XRP, based on a pre-set target rate. Fiat-to-fiat exchanges are also possible. Once a target rate is set in the app – either above or below current rates – Revolut said the exchange will trigger once the target has been reached. It warns, though, that the achieved rate could be…

Crypto Market At Crucial Juncture: Bitcoin Cash, EOS, XLM, TRX Price Analysis

The total crypto market cap faced a strong resistance near $130.0B and declined. Bitcoin cash price failed to break the $134 resistance and declined towards $130. EOS price is currently correcting lower and it may test the $2.65 support level. Stellar (XLM) price failed to move above the $0.0900 resistance and declined. Tron (TRX) is declining towards the $0.0225 and $0.0220 support levels. The crypto market is facing a strong resistance and upsides are capped in bitcoin (BTC) and Ethereum (ETH). It seems like BCH, EOS, ripple, stellar (XLM) and…

Cash ‘on the Verge of Collapse’ While Bitcoin Transactions Near Record Highs

A new report claims that cash is “on the verge of collapse” in the UK, with cash transactions expected to almost vanish in the next decade. Meanwhile, bitcoin transaction volume is surging towards an all-time high and mainstream vendors like Starbucks and Krogers are considering methods of cryptocurrency payments. The outdated cash infrastructure is set to be eclipsed. And bitcoin is positioning itself to replace it. The Access to Cash Review says that the current rate of decline would mean cash use in the UK would end in 2026. #digitalpaymentshttps://t.co/ZnXgQRUaGS…

Bitcoin, Ethereum, Ripple, EOS, Litecoin, Bitcoin Cash, Stellar, TRON, Binance Coin, Bitcoin SV: Price Analysis, February 27

The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph. Every investment and trading move involves risk, you should conduct your own research when making a decision. Market data is provided by the HitBTC exchange. Binance CEO Changpeng Zhao said that investors lapped up the Fetch.AI (FET) token on Feb. 25 in a record time of 22 seconds. This is a bullish sign. It shows that the investor appetite for initial coin offerings (ICOs) is returning. Though the crypto…

Crypto Market Could Extend Gains: EOS, Bitcoin Cash, Tron (TRX), ADA Price Analysis

The total crypto market cap gained momentum and broke the $118.0B resistance level. EOS price broke the $2.85 resistance and it is currently approaching the $3.00 resistance. Bitcoin cash price is up more than 5% and it could soon test the $130 level. Tron (TRX) price is facing a strong resistance near the $0.0250 and $0.0255 levels. Cardano (ADA) price rallied and broke the $0.0400 and $0.0420 resistance levels. The crypto market gained bullish momentum, with gains in bitcoin (BTC) and Ethereum (ETH). EOS, BCH, ripple, tron, ADA and other…

Crypto Market Update: Litecoin (LTC), Bitcoin Cash, Tron (TRX), XLM Price Analysis

The total crypto market cap failed to stay above the $110.00B support and declined sharply. Litecoin (LTC) price is consolidating losses above the $30.00 support level. Bitcoin cash price corrected lower and it could test the $110 support level. Tron (TRX) declined more than 5% and it broke the $0.0260 support area. Stellar (XLM) price is under a lot of pressure below the $0.0900 and $0.1000 resistance levels. The crypto market failed to gain momentum, resulting in a fresh drop in bitcoin (BTC), Ethereum (ETH) and ripple. Other altcoins like…

FastBitcoins.com Enables Cash for Bitcoin Exchange Via the Lightning Network

Many are predicting that 2019 will be the year Bitcoin’s Lightning Network sees massive growth and becomes a more common way to make bitcoin payments, and a new company based in England’s East Midlands hopes to help with that process. Today, FastBitcoins.com has announced the launch of its cash-based bitcoin exchange, which includes Lightning Network integration. With this new exchange, users will be able to avoid touching the blockchain when they decide to buy or sell bitcoin for cash. The new exchange was founded by former Neo & Bee Managing…

Bank of America Files Patent for Blockchain-enabled Cash Handlers

Bank of America (BoA) has filed another blockchain patent, documents with the USPTO reveal. The American multinational investment bank stated that it would use blockchain, the underlying technology which powers the world’s leading cryptocurrency Bitcoin, to handle some portions of its cash handling devices. The patent, titled “Banking Systems Controlled by Data Bearing Records, mentioned blockchain around 58 times, indicating how the digital ledger technology would improve their traditional cash deposit and withdrawal protocol. A cash handling device, in general, assists banks in dispensing, counting and tracking their cash flow to…