Litecoin Price Keeps On Surging Amidst Whale Accumulation

2019 has been an interesting year for cryptocurrency market at large with most market seems to be moving up quite nicely.

Litecoin (LTC) in particular is having a wonderful run breaking through the $50 resistance level without much of a problem.

It has been noted by whale watchers on twitter that LTC whales continue to accumulate as the price goes northward showing supreme confidence on the digital asset.

Looking at the charts there is not much of a resistance LTC bulls to content with, for some reason or another traders are not putting up sale orders or perhaps just waiting for higher prices to dump into open buy orders soon.

No one is really sure what is the catalyst for the bullish run but some pundits are pointing to core design upgrades to LTC might be the reason for such price action.

Only time will tell if the positive price momentum of LTC will continue for the rest of the year however one thing is for certain, traders should be keeping an eye on LTC as it continue its bullish run.

Starbucks’ Bitcoin Strategy

The internet is abuzz of news about the recent deal between Bakkt and Starbucks to enable customers to pay with Bitcoin.

Not much of information was revealed from the initiative but it was clear that only U.S. customers will be able to pay in Bitcoin initially.

While the company does not intend to accept cryptocurrencies directly the retailers wants to enable its customers to convert cryptocurrencies to fiat which in turn customers can use to pay for products and services in their branches.

No one is sure how this initiative will pan out but there are some ways that this can be implemented such as a give card being used, however, a Bitcoin QR code at checkout is unlikely to happen in the short term.

Whether the retail coffee giant support Bitcoin directly or indirectly no one is certain but one thing is for sure this development is a positive sign for mainstream adoption and efforts in increasing awareness of the nascent industry.

Malta Digital Exchange Relocating

It has been reported that the Malta Digital Exchange (MDX) is now relocating its base of operations in the premises of the Malta Stock Exchange (MSE).

MDX is in the middle of obtaining its securities license in order for it to operate a platform that will cater to secondary market for digital assets trading.
According to Rick Klink the exchange’s executive chairman the move to the Maltese Stock Exchange means they are positioning themselves at the heart of the next wave of Institutional financial innovation.

The move comes at a time when the International Monetary Fund (IMF) revealed that the Malta Financial Services Authority (MFSA) has critical gaps with regards to Anti-Money Laundering (AML) and combating financing of terrorism (CFT).

IMF has recommended MFSA to employ more resources to supervise blockchain and cryptocurrency services providers.

There have also been concerns that some banks in the island state has been refusing to give banking services to blockchain and cryptocurrency related businesses.

Merchants In This Australian City Loves Bitcoin Cash

Hayden Otto of CoinSpice has recently published a video showing himself using Bitcoin cash as he goes through the different locations of an Australian City.

In the video he demonstrates how he can get products and services without using fiat, instead he use cryptocurrency to dine, drink, travel and get accommodations.

He even uses cryptocurrency to pay for a helicopter tour of the region which cost around $4,000 Australian dollar.

While most of the merchants support a multitude of cryptocurrencies, Hayden mostly use Bitcoin cash as the crypto is one of the most popular digital asset in the city.

Merchants general want Bitcoin Cash better than Bitcoin or Bitcoin Core due to faster transaction time and generally cheaper transactions fees.

A Bitcoin Lightning Network might stir up the competition and the preference of merchants at North Queenslands, Australia, but for now the prime choice of local merchants is Bitcoin Cash.

This is despite price down turn of Bitcoin Cash after a contentious hard fork between the incumbent Bitcoin Cash and Bitcoin Satoshi Version.

Interestingly Bitcoin Satoshi Version (BSV) is being let by a Australian by the name of Craig Wright who has in the past said that he is Satoshi Nakamoto the original architect of Bitcoin.

Opera Launching A New Web 3.0 Browser To iOS

There has been reports that Opera will be launching a new web browser that has an integrated cryptocurrency wallet and has the capacity to interact with decentralized applications (dApps).

The new product will now support iOS after a successful launch of web 3.0 ready browser back in December for the Andriod.

Currently the new cryptocurrency enabled browser has not yet been released but on can apply to get an early version that they can test themselves and provide feedback at the site.

It seems that Opera is the first mainstream browser that is fully embracing blockchain and cryptocurrencies adding cryptocurrency support to its flagship product.

We are not yet sure how this will tip the balance of internet browser users in the space but we can say that compared to other browsers, except brave, Opera is perhaps the most crypto friendly of them all.

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