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Alipay Refutes Binance Fiat-Crypto On-Ramp, Will Stop Bitcoin Transactions

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This week, popular crypto exchange Binance revealed that it added two new fiat on-ramps for Chinese customers to buy Bitcoin, through popular peer-to-peer platforms Alipay and WeChat.

But just as word had begun to spread of the new addition to the world’s crypto market leader, Alipay is now refuting the claim and says that it will “immediately stop payment services” if the transaction is identified as being related to Bitcoin or other crypto assets.

Not So Fast, Binance, Alipay To Block Crypto & Bitcoin Transactions

The young crypto market is still an arms race for crypto exchanges, trading platforms, and other crypto-related services such as wallets, price aggregators, and more. Competition is always looking to one-up one another, and claim as much market share as they can as their own.

No crypto exchange has done a better job coming out swinging and stealing market share from the rest of the competition as Binance has. The crypto exchange exploded on the scene at the tail end of 2017, and in just two short years has grown to become the leader in the market, often bringing new, innovative features to the forefront to the crypto industry, and setting trends for others to follow.

Recently in an attempt to spread adoption and bring in more revenue from Chinese consumers, Binance added support for two new fiat on-ramps, through popular messenger service WeChat, and through payment platform Alipay.

The crypto community rejoiced, just as they do over any move Binance makes and began discussing it via Twitter. Eventually, one Twitter user tweeted at Binance CEO Changpeng Zhao looking for confirmation, which he in all caps provided.

Moments later, Alipay responded, clarifying – again in all caps – that “NO, you cannot.” They followed up saying that the payments platform provider had received “several reports” about Alipay being used for Bitcoin transactions.

Alipay explained they monitor transactions to “identify irregular behavior and ensure compliance with relevant regulations.” If any transactions were discovered to be related to cryptocurrencies such as Bitcoin, Alipay says they will “immediately” stop the payment services related to the purchase.

“If any transactions are identified as being related to bitcoin or other virtual currencies, @Alipay immediately stops the relevant payment services,” a tweet read.

Following the imbroglio, Alipay shared an official statement on their Weibo account, and loosely translated explains that the firm will “resolutely repel” any accounts suspected of “virtual currency transactions.”

Alipay may be feeling pressure from the Chinese government. According to crypto influencer Dovey Wan, the Chinese OTC market had been slowing due to payment channels and even local police taking “various actions” against crypto and Bitcoin transactions.

With Alipay clearly being so adamant about blocking users from buying crypto on Binance, will the crypto exchange need to retract their previous statement that the services are available, or can a resolution be met?

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Binance

Top 3 Kryptowährungen der Woche: ChainLink, Binance Coin und Ripple

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Es liegt eine insgesamt erfreuliche Woche hinter den Anlegern am Kryptomarkt. Viele der 20 wertvollsten Kryptowährungen der Welt notieren gegenüber der Vorwoche im Plus. Einen besonders starken Kursanstieg verzeichneten in dieser Woche die folgenden Altcoins:

Euphorie herrscht derzeit bei Anlegern von ChainLink. Der Altcoin hat eine fabelhafte Entwicklung genommen und kommt in der Sieben-Tage-Analyse auf einen Kursanstieg von rund 30 Prozent. Von 2,08 Dollar am vergangenen Sonntag ist der Kurs inzwischen auf 2,56 Dollar gestiegen. Allerdings ging es am zurückliegenden Handelstag wieder leicht abwärts. Das Tagesminus lag bei knapp vier Prozent. Gegenüber dem Wochenhöchststand von 2,92 Dollar am 9. Oktober ist der Altcoin-Kurs wieder um mehr als 12 Prozent abgesackt. Dennoch bleibt es eine überaus positive Woche für Anleger. Die Marktkapitalisierung ist auf rund 931 Millionen Dollar angestiegen. Im Krypto-Ranking belegt ChainLink nun Platz 14.

Platz 2: Binance Coin

Besonders starke Kurszuwächse verzeichnen in dieser Woche auch Anleger des Binance Coin. Derzeit notiert der BNB-Kurs bei 17,95 US-Dollar und erreicht damit zugleich den Bestwert der gesamten Woche. Gegenüber knapp 15 Dollar am vergangenen Sonntag ist der Kurs um mehr als 14 Prozent gestiegen. Auch das Momentum spricht für das Investment. Innerhalb der letzten 24 Stunden ging es um mehr als 5,5 Prozent nach oben. Mit einer Marktkapitalisierung von rund 2,79 Milliarden Dollar rangiert Binance Coin auf dem achten Platz. Die Kapitaldecke ist allein binnen des letzten Tages um rund 143 Millionen Dollar angewachsen.

Platz 3: Ripple

Auch Ripple-Anleger dürfen sich diese Woche entspannt zurücklehnen und ihre wachsende Rendite beobachten. Von gut 0,25 Dollar steigt der Kurs nun in Richtung 0,28 Dollar. Derzeit beträgt das Plus in der Sieben-Tage-Betrachtung 10 Prozent. Damit performt Ripple derzeit besser als die davor platzierten Kryptowährungen Bitcoin und Ethereum. Die Marktkapitalisierung ist auf mehr als 12 Milliarden Dollar angewachsen. 200 Millionen Dollar Kapital sind in den letzten 24 Stunden hinzugekommen.

Source kryptoszene.

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Binance Includes XRP and BUSD to Supported Interoperable Tokens List

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Binance, the leading global cryptocurrency exchange has announced the issuance of BEP2 versions of digital coins- XRP and BUSD on its highly reputed Binance Chain.

By lending support to XRP and BUSD through their addition in the list of supported interoperable tokens, the platform has now enabled users to enjoy deposits and withdrawals of interoperable tokens to their opted networks via the exchange’s web interface with utmost convenience.

About BEP2 XRP Token:

The XRP-BF2 will work as a pegged token which will help in tracking down the value of the native digital asset currency of the XRP ledger system. Having supported by XRP assets in the 1:1 ratio, XRP-BF2 token is launched on Binance Chain (BEP2) and will be tradeable on Binance DEX. XRP ledger’s native coin XRP and BEP2 XRP are synchronized and are bidirectionally convertible in nature.

About BEP BUSD:

The US-denominated stablecoin, BEP USD is issued in collaboration with Paxos Trust Company. The coin has received approval from the New York State Department of Financial Services (NYDFS). On the Binance Chain, BUSD is present for direct purchase as well as redemption at a price of 1 BUSD= 1 USD. It is now available as both an ERC-20 token as well as a BEP2 token.

Source.cryptonewsz.

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Binance Coin price takes a bullish run to $17.75

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Binance Coin price has had an increase of a little over three percent (3.09%) during the past day. The coin is currently trading at a little short of eighteen dollars ($17.75). It had an incline of over nine percent (9.7%) in the past week. Binance Coin (BNB) currently ranks in the eighth position in the list of the largest cryptocurrencies. It has a market capitalization of over two billion dollars ($2.66bil).

The cryptocurrency has to cover a long path towards the recovery of its previous standing in the market, as it had dropped by forty-three percent (43%) over the preceding three (3) months. Binance Coin price against the United States dollar (BNB/USD) The cryptocurrency had recently gone up to the eighteen dollars ($18) mark before it came down to over sixteen dollars ($16.68).

Both of BNB’s closest resistance levels are placed eighteen dollars ($18), a bit over eighteen dollars ($18.16), and short of nineteen dollars ($18.85), with a temporary Fibonacci Extension of over one (1.272). Greater resistance levels are observed at over nineteen dollars ($19.55) and a little short of twenty dollars ($19.93).

Over the twenty dollars ($20) mark, the resistance levels are expected at a little short of twenty-one dollars ($20.92), a little short of twenty-two dollars ($21.94), and twenty-two dollars ($22). Bitcoin price chart by Trading View The closest level of support is placed at over sixteen dollars ($16.11).

Below the sixteen dollars ($16) mark, the levels of support can be observed at over fifteen dollars ($15.54) with a Fibonacci Retracement of below one (0.786) and over fourteen dollars ($14.65). If the sellers decide to drag the cryptocurrency’s price below September’s low, the support levels will be seen at fourteen dollars ($14), thirteen dollars ($13), and over twelve dollars ($12.59). The current trading volume is expected to rise.

The Relative Strength Index (RSI) has come back to the fifty (50) level. This means that the bulls are striving to stay in control over the market’s momentum. Although the Stochastic Relative Strength Index (RSI) has developed a bearish crossover signal that depicts an upcoming retracement.

Binance Coin price against Bitcoin (BNB/BTC) BNB has rolled to find support at 0.0020 BTC, which is the current Binance Coin price at the time of writing. Binance Coin price chart by Trading View The closest level of resistance for the Binance Coin price lies at 0.0022 BTC. Over this, the resistance level is expected to be placed at the upper borderline of the falling wedge.

Over the wedge, the resistance levels are expected at: 0022 BTC 002657 BTC 0023557 BTC 0024 BTC with a hundred (100) days exponential moving average (EMA) The closest support is placed at 0.0019888 BTC; below this, the support levels lie at: 0019 BTC 001853 BTC 0018 BTC The current trading volume of the cryptocurrency is at a maintained and average level.

The Relative Strength Index (RSI) is quite over the fifty (50) level; this means that the bulls stay in control over the market’s momentum. Although, the Stochastic Relative Strength Index (RSI) has developed a bearish crossover signal, which shows that the cryptocurrency’s price may come back before it goes higher.

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