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Bitcoin Gains Momentum, Surging To $5,600 And Approaching New 2019 Highs

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The latest cryptocurrency news show that Bitcoin gains momentum as we speak, after surging by more than 5% overnight and reaching the $5,600 mark. With this, the most dominant cryptocurrency has also managed to set a new 2019 high. The resistance was later broken and BTC is now trading at $5,572 but still looks stable as the market sees green.

The key resistance was broken and Bitcoin initially surged to $5,640 according to the TradingView website. In typical fashion, this has happened during the Asian trading session, allowing Bitcoin to sure by almost 7% and put its next stop at $6,000 if the momentum continues in Europe and the US today.

As the week progresses, it is easy to see that Bitcoin gains momentum but altcoins are following too. In fact, BTC is pulling all of the coins up and breaking through the resistance to form a new 2019 high. The market capitalization is now ramping up to $180 billion again.

Meanwhile, Ethereum (ETH) has been slower to react which is why it moved only a couple of percent and went below the $175 mark again. The news that Bitcoin gains momentum affected many altcoins which is best seen now, as the day progresses.

Speaking of, the altcoin news show that many top coins are all green again as Bitcoin is dominant and leads them higher. Perhaps the most dominating altcoin right now is Cardano (ADA) which has pumped 9% overnight to $0.080. Bitcoin Cash (BCH), on the other hand, is back at $300.

The top twenty also sees Tezos climbing the most at 8% to $1.43 in a historic surge as reported by many best cryptocurrency news sites. Right now, it is certain that there is a huge FOMO and a large daily trading volume across exchanges – mainly triggered by the news that Bitcoin gains momentum as we speak.

The total crypto market capitalization is also very likely to establish new 2019 highs later today. Right now, it sits at $185 billion because of the positive altcoin movement and the $7 billion cash injection, increasing by more than 5% compared to the same level yesterday. The total volume is approaching $50 billion as more gains across the board are very likely to follow today.

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Israeli Startup GK8 Secures $4 Million By Investors

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The Israeli startup GK8 is in the latest cryptocurrency news for developing the world's first offline system for transacting cryptocurrencies. The startup got backed with even $4 million by investors - and the new system uses GK8 and its proprietary cryptographic techniques that enable instant blockchain transactions of digital assets without the need for an internet connection. According to the Israeli news publication Globes and its reports on Septemebr 18, the Israeli startup GK8 managed to raise around $4 million in a funding round which was led by Discount Capital, a venture arm of one of the three largest banks in Israel. Marius Nacht was also part of the funding round, known as the co-founder of the cybersecurity giant Checkpoint. Other investors included the names of EdenBlock, iAngels, IDEAL-HLS, StratX and the Israeli Innovation Authority. Many best cryptocurrency news sites reported that GK8's new cryptographic techniques allowed the company to develop a cold wallet with "hot wallet functionalities" which helped it secure user funds from hackers and cyber attacks. A recent interview with Fortune featured the Israeli startup GK8 and its CEO Lior Lamesh, who told the media outlet that the technology that they are using is "ledger agnostic." With this, the GK8 CEO hinted that it can be used for Bitcoin (BTC) and other cryptocurrencies. As he said, GK8 is capable of recording transactions on a blockchain in offline mode thanks to an "unidirectional connection." The technology backing up the Israeli startup GK8 is impressive. It is now up and running and already being used by the popular digital asset platform eToro. According to Fortune and its reports, GK8 has succeeded a lot in less than one year. Founded in 2018 by two members of an Israeli special defense unit specializing in guarding the country's digital assets, the Israeli startup emerged into one of the most impressive new projects in the country. In related news, the Silicon Valley based crypto intelligence firm CipherTrace reported that cryptocurrency thefts reached more than $1.2 billion in the first quarter of 2019 - which is $500,000 less than what was stolen throughout 2018. Meanwhile, the latest Bitcoin and altcoin news show that the market has not stabilized yet and that reds are all over the charts as we speak.
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Investment App Abra To Sell Crypto In 6,000+ 7-Elevens In Philippines

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The major investment app provider named Abra is in the latest cryptocurrency news for its plans to sell cryptocurrency for cash in more than 6,000 outlets of the popular 7-Eleven store in Philippines. As the news show, this is an expansion which comes after the firm signed a deal with the local payments company ECPAY to access its network which includes all 7-Eleven stores in the country. This service lets any user of an Abra wallet to purchase crypto via 7-Eleven's CLIQQ app or kiosks. The terms will include a minimum deposit requirement of 500 Philippines pesos (around $10) and a maximum purchase of 100,000 pesos (over $1,900) per day. The users will be charged a 2% transaction fee from the investment app Abra - all in order to purchase cryptocurrencies through their wallet. The founder and CEO of Abra named Bill Barhydt was featured on many best cryptocurrency news sites for the following statement that he made recently:
“Now Abra users in the Philippines can quickly and easily add pesos into Abra and use that to invest in cryptocurrencies or popular stocks like Google, Amazon, Facebook, etc., which opens up a world of new possibilities to build wealth.”
The investment app Abra was in the news back in February as well. Then, it said that it was launching a new service which allowed customers to invest in fractions of stocks of NASDAQ-listed firms. The app also supports 30+ cryptocurrencies and 50+ fiat currencies. According to the general manager at ECPay, this partnership “widens the product and service offerings of ECPay to its Collection Partners like 7-Eleven, NCCC Department Stores and Supermarkets, LCC Malls and other Remittance, Pawnshop partners." For those of you who don't know or are not following our altcoin news, the Philippines adheres to the Cagayan Economic Zone Authority (CEZA) which unveils a comprehensive set of new rules that govern cryptocurrencies. All of this was made in a bid to effectively regulate and protect investors. Under the rules, all Digital Asset Token Offering (DATO) regulations must have proper offering documents with pertinent details on the issuer, project and accompanying advice and certification of experts and DA Agents.
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Wells Fargo Tokenizes Cash But Avoids Calling It A Cryptocurrency

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Wells Fargo tokenizes cash by using its own blockchain platform but avoids calling it a stabelcoin or a cryptocurrency project. As we already read in the latest cryptocurrency news, the world’s fourth-largest bank announced it was piloting the internal settlement service by using the distributed ledger technology. The Wells Fargo Digital Cash which is a new system that has been devised to reduce friction in the bank’s ‘’internal book transfers of cross-border payments within the global network.’’ The service that Wells Fargo tested already in the transfer trials between the locations in Canada and the US is set to become a ‘’reusable enterprise utility for Wells Fargo to build’’ blockchain applications in the future. The official pilot of the system will take place next year and if all goes well it will be expanded to the ‘’ multicurrency transfers and the entire global branch network. In order to start, the bank’s tokens will be backed 1:1 with US dollars. The head of the bank’s innovation group Lisa Frazier stated:
 “We believe DLT holds promise for a variety of use cases, and we’re energized to take this significant step in applying the technology to banking in a material and scalable way. Wells Fargo Digital Cash has the potential to enable Wells Fargo to remove barriers to real-time financial interactions across multiple accounts in multiple marketplaces around the world.”
Wells Fargo tokenizes by using the possibility of transitioning to a new internal database. One of the former senior blockchain and crypto strategists at EY previously commented:
 “I’m genuinely curious as to the definitional difference, and then the supposed improvements. How many people can explain how this solution is technically different than what banks have always done? […] They’ve just changed their database.”
This is not the first rodeo for the ecosystem and this year since many stakeholders in the space including the non-profit groups explained the characteristics of JPMorgan’s JPM Coin which was a project permissioned and closed-source. JPMorgan is also looking as Wells Fargo to innovate in the blockchain arena as reported in the altcoin news previously. The central banks are getting in on the action as well since the Bank of Russia is also working on a blockchain-powered digital currency while the People’s Bank of China aims to launch its own cryptocurrency as well.
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Ripple And Coinbase Relations Rumor Will Fuel XRP By 20%

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Ripple and Coinbase relationship rumor will likely boost the price of the XRP token because of FOMO that is hovering around the traders’ community. Let’s find out more about it in the latest cryptocurrency news reports. The altcoins are in the green today but Bitcoin is nowhere to be seen. Many of the major altcoins are making some huge gains and Ethereum is still going strong but XRP and XLM are the top performers of the day. Ripple’s token has been down by most of this year and has been one of the worst-performing assets for 2019. The altcoin has been lulling around the yearly low for most of the month and the movements by the San Francisco based fintech company have angered the community because the fear of mass liquidation intensified. XRP has jumped to a yearly low of more than $0.2 since the summer rally. Over the past few hours, the cross border payments token saw one of its largest moves this year with a pump of more than 20 percent to top out over $0.31. The daily volume has surged from $850 million to almost $2.5 billion and this one is leading at the moment. Forbes attributed the movement to the proposed hard fork from the community and now it seems that what is driving up the rumors is the Ripple and Coinbase relationship though nothing official has been announced:
 “Breanne Madigan drops some crumbs at minute 9:37; it seems like Coinbase is an xRapid exchange and it’s currently originating MoneyGram flows into Mexico.”
Getting a good dose of FOMO today is Stellar Lumens which has moved in tandem with XRP. The payments token has been fiat for most of the year but increased today with a 14 percent movement to reach $0.066. ETH is building on the weekly momentum as it pushes above the $200 barrier to top out at $215 just a few hours ago. Ethereum has made more than 18 percent since the weekend and it is currently trading at around $212. There is a lot of fundamental factors for the second-largest crypto-asset which has been very weak for a while now. The next major resistance target for Ethereum is $230 and it seems like the cryptocurrency will get that level as per the altcoin news reports.
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