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Robinhood Launches Its Trading App In The 25th State: Ohio

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Robinhood is the crypto trading app that is in today’s crypto news because of a new milestone. According to new reports, the trading app has launched in the 25th US state of Ohio, bringing the number of states where the app is active to 25.

The tweeted statement shows that Ohioans can now safely trade various cryptocurrencies on Robinhood free of any commission. The app currently includes support for Bitcoin, Ethereum, Litecoin, Bitcoin Cash, Ethereum Classic and Dogecoin.

Earlier this month, the trading app also officially launched in the states of Tennessee, Arkansas as well as Rhode Island and Oklahoma. Right now, the list of states where Robinhood is active includes Arizona, California, Colorado, Florida, Georgia, Indiana, Iowa, Massachusetts, Michigan, Mississippi, Missouri, Montana, New Jersey, New Mexico, Pennsylvania, Texas, Utah, Virginia, and Wisconsin.

As the official tweet from Robinhood states, the app is popular because of its fewer fees, improved customer support, and a great overall experience. The new proprietary clearing system will reduce the bank reversal charges and fees from $30 to $9 – and now has 6 million traders that are actively using the app.

Still, Robinhood needs to obtain licenses from the Depository Trust & Clearing Corporation (DTCC), the Financial Industry Regulatory Authority (FINRA) and the Office of the Comptroller of the Currency (OCC).

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Altcoin News

XRP Support Built Around The $0.2830 Level: Will Ripple Rise?

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Ripple (XRP) has managed to recover against the US dollar, proving that it has what it takes to keep posting gains similar to Bitcoin. However, as the market corrects, the XRP support is not that stable and no one knows if the Ripple gains will continue to be a main topic in the altcoin news. The price of Ripple traded above the $0.2940 resistance and the $0.3000 level which is seen as a pivot level right now. However, the XRP support was built near the $0.2830 momentum and the price is now trading with a few positive signs above the $0.3050 support area. All of that shows that Ripple has a bullish angle against the US dollar and Bitcoin, and that the XRP support could extend its recovery and gain even more - becoming the hottest altcoin in the latest cryptocurrency news. In comparison, the coming altcoin news show that yesterday was a tough day for Bitcoin and Ethereum. However, the dips were limited when it comes to Ripple. The XRP/USD pair broke the $0.2940 level and traded to a new monthly low. A swing low was formed near $0.2833 and recently the price started a new upside correction. The XRP support therefore proved to be important in this manner. However, there are a lot of supports on the downside for Ripple, especially near the $0.3050 and $0.3040 levels. The 50% Fibonacci retracement level also shows that there is a strong wave and a connecting bullish trend line forming with support at $0.3045 on the same chart. Therefore, analysts on many best cryptocurrency news sites think that the XRP support is crucial and that the price is likely to find bids near the $0.3040 and $0.3050 level. Below the trend line, the price of Ripple may perhaps test the $0.3000 pivot level. On the upside, the current resistance is around the $0.3230 and $0.3240 levels. If there is a solid breakout above $0.3240, the price of Ripple (XRP) could accelerate its gains in the near term. When seeing the chart, the Ripple price remains well bid above the $0.3040 level. Currently, Ripple (XRP) is at $0.3173 with a 6% increase and a $13 billion market cap. The total cryptocurrency market cap stands at $268 billion.  
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Grin Cryptocurrency Just Executed Its First Hard Fork

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The privacy altcoin named Grin has just executed its first backward-incompatible upgrade - known as a hard fork. The Grin cryptocurrency upgrade was planned for today and just concluded - introducing key changes to the nearly $60 million worth network that will optimize for maximum miner decentralization and usability. For all of you who haven't followed our coming altcoin news, Grin launched in January 2019. However, as a Grin developer named John Tromp said, the hard fork was planned before.
“It was planned since way before Grin launched. We would do four hard forks in the first two years, at regular six-month intervals, to introduce new features.”
The developer at Grin cryptocurrency was featured in the latest cryptocurrency news for stating that the upgrade did not result in a network split. Rather than that, the Grin network simply halted "in its tracks" which forced users to update their software. The upgrade was completed at 9:45 UTC.
“In a classical fork, the chain can split into two mutually incompatible continuations. … In Grin, there is no way to continue growing the ‘old’ chain since the old code refuses to accept any blocks past the [hard fork] height,” he explained.
One of the most integral changes for the Grin cryptocurrency and the Grin network in general today has been a tweak to one of two mining algorithms. As we previously reported in our altcoin news, Grin supports a mining algorithm which is friendly towards both general-purpose computing devices (GPUs) and specialized hardware called ASICs. Another developer at the Grin cryptocurrency and a software engineer at the blockchain startup BlockCypher named Quentin Le Sceller, recently said:
“It’s not really forking ASICs from the network but ensuring that no one is building ASICs for the [GPU-friendly mining algorithm.]”
Therefore, the Wednesday update ensures that the playing field remains free of ASICs for the short-term future of the Grin protocol, preventing a monopoly on the Grin mining industry. Many best cryptocurrency news sites report that additional tweaks to the newly implemented mining algorithm will be activated by the Grin cryptocurrency developers in the coming months. Tromp also affirmed that for the second Grin fork, developers will add payment channels to the network.
“[Payment channels are] a way for two parties to perform many off-chain transactions between them,” Tromp concluded. “[It requires] one on-chain transaction at the outset and one settlement at the end.”
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Coinbase Is Rolling Out New Data Tools For ‘First Time’ Crypto Investors

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One of the largest cryptocurrency exchanges in the world, Coinbase, is apparently launching new tools that will help entry-level crypto users to understand what seasoned traders do. Coinbase is rolling out the new data tools now - in a suite of signaling tools which broadcast the activity of the platform's top traders. The news are all over many best cryptocurrency news sites.
“The top holder activity signal is the percentage of Coinbase customers with large balances of an asset (top 10%) who have net increased (bought) or decreased (sold) their positions in that asset through trading over the last 24 hours,” Coinbase explained in a blog post which went viral in the altcoin news. “This is updated approximately every 2 hours.”
Speaking to CoinDesk, one Coinbase spokesperson further noted that top holder activity would be aggregated from all of the individual Coinbase accounts across the exchange - excluding the ones set up by institutions. Beyond the sharing metrics on Coinbase power users, the fact that Coinbase is rolling out their data tools will apparently help retail users make more informed decisions. The Coinbase customers will also be able to see the median number of days an asset is held by traders on the exchange before it is sold or moved to another address, the latest cryptocurrency news show. Another tool which Coinbase is rolling out will gauge the popularity of assets on Coinbase as well as their relative price correlations to other crypto assets. All of the "exclusive" data tools are available to any user for free starting from today.
“For individual investors, especially those new to crypto, we hope these new signals will encourage more informed management of a diversified crypto portfolio. We want trading signals to help first-time investors build the right portfolio to suit their investment goals,” a spokesperson from Coinbase noted.
Now that Coinbase is rolling out these data tools, a senior engineer from the company named Will Drevo says that the platform's top crypto accounts have a tendency to buy rather than sell their portfolio positions.
“Historically, when top holders are either unusually bullish or bearish this has been indicative of changing market conditions, but not always," Drevo wrote in another post.
Founded in 2012, Coinbase has snagged a $8 billion valuation this year.
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Web Search Stats Show Rising Interest For Facebook Libra

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With the recently unveiled Libra cryptocurrency by Facebook which is hot in the altcoin news all over the world, China has emerged as a perhaps surprising leader when it comes to the public interest about cryptocurrency in general. New web search stats show that despite the fact that cryptocurrency is banned in the country, the searches on it are soaring at press time. The top two hottest search trends on the web search giant Weibo address a Chinese film celebrity's jealous children as well as the first movement of Leonardo da Vinci and his iconic Mona Lisa painting outside the Louvre since 2005. Facebook Libra searches are currently ranking in third place and were in the second place before that. The web search stats also show that the regional fascination in Facebook's proposed stablecoin - which is meant to provide a means of payment initially - could expand to their use cases in time. The data shows that this is viral on many best cryptocurrency news sites but also a hot topic on Google Trends. As Google's web search stats show, there are more and more people looking for information on "Facebook Libra" which peaked around the time of June 18 when the Libra whitepaper was launched. This indicates that China is the number one ranked nation for that search term. Surprisingly, the US is down at number 14 on this list. We should add that Google is officially blocked in China which is why the web search stats come from Weibo, the leading search engine provider in the country. And while the growing concerns from global regulators have also dominated the headlines in recent days, the Google searches for "Facebook Libra regulation" are currently too low to indicate any regional preferences. Even though Libra may not see its launch to the public for a year or more (as the coming altcoin news show), plenty of people are searching for "Facebook Libra price" with Pakistan, Singapore and South Africa being the nations with the most searches on this term. Overall, the web search stats show that Facebook's token pales into insignificance when compared to Bitcoin, which appears an almost flat blue line dominated by the massive interest in the top cryptocurrency market value.
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