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Bittrex Trading Platform Will Block US Users From Trading 30 Cryptos

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Bittrex trading platform announced that it will stop its United States users from trading in more than 30 cryptocurrencies. The coming altcoin news was revealed in a blog post that the exchange published a few days ago.

According to the blog post, June 21 will be the day when the U.S. Traders will no longer be able to access 32 cryptocurrencies that were listed on the exchange including STORJ and QTUM. The Bittrex trading platform noted that all of the United States users will receive an email that contains explanation of why they will no longer be able to trade the listed assets. The options that were included in the email by the trading platform include selling them for assets that will still be available to the users, moving the orders off of the exchange and canceling the orders.

After the decision comes into forces, the customers from the States will no longer be able to buy and sell the coins while all open orders that involve the listed assets will be canceled. Some limited functionality regarding the assets will still be available for the traders and the coins left there will be transferred to the Bittrex International Trading platform. We can read more from the blog post:

 “U.S. Customers may withdraw or continue to hold in their Bittrex wallet affected Tokens/Coins for as long as Bittrex International supports a market in those Tokens/Coins.“

Bittrex International is a Bittrex trading platform based in Europe which lists multiple tokens that are only available on the international platform and not to the United States Users. As reported previously in the latest cryptocurrency news, back at the beginning of March this year, the crypto exchange canceled its first Initial Exchange Offering (ICO) which it was planned to host on the Bittrex International platform.

Also, the decentralized exchange developed by one of the largest cryptocurrency exchanges-Binance which aims to block all website access to users based in 29 including the United States. Previously, Bittrex was denounced by the New York Department of Financial Services (NYDFS) for its allegedly inadequate policies and controls regarding its Anti-Money Laundering (AML) practices, Know Your Customer (KYC) and the Office of Foreign Assets Control (OFAC) standards. At the event, the NYDFS denied a BitLicense application from the American exchange Bittrex as well.

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Blockchain News

Global Staffing Firm Turns To Blockchain With New Partnership

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We all know that working online can be a hustle, especially if you are a freelancer - or recruiter. The need to have everything logged in and be on various sites all over again and again is a pipeline that many of these people are used to. A global staffing firm named Kelly Services has decided to change the perspective in this world, offering its vision to end this never-ending game. The strategic acquaintance with the online blockchain based hiring platform Moonlighting will apparently make Kelly Services shift this process to the better, making things easier for job seekers and job providers too by providing them with a single platform which is interlinked to all other platforms. The interlinking will end the need for logging in on different websites, the global staffing firm said. The change will in turn make the job seeking convenient and less time consuming. The report was shared by Forbes and many best cryptocurrency news sites on 14 August - featuring Kelly Services and its merger with Moonlighting because of the EOSIO public blockchain method and according to reports that they have which also show no use of cryptocurrency. The main goal is to create a user-friendly environment, the global staffing firm added. As the vice president and managing director at the Office of the Future of Work within Kelly Services John Healy said, the collaboration can result in “some pretty significant market opportunities.” A survey was conducted in order to get to know about the point of view of other companies. The result was shocking. The survey showed that even 41% of companies are looking forward to using the new method proposed by the global staffing firm - whereas 31% of them did not give any straight answer - and only 28% said they are not likely to use it. The survey also showed that 31% of companies (which is almost a third) believe that the blockchain method will change the marketplace completely in the next three years. The global staffing firm was in the latest cryptocurrency news for this and stated:
"With a blockchain supported platform, Moonlighting provides a full turnkey solution with a suite of tools to empower millions of independent workers and recruiters worldwide."
 
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Blockchain News

Reddit Co-Founder Will Stream Blockchain Game Face-Off

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Reddit co-founder Alexis Ohanian announced he will be live-streaming a face-off match between the lead developer and himself of the latest collectible card game based on the blockchain named SkyWeaver as we are reading in the latest cryptocurrency news. The Reddit co-founder is extremely popular to the Reddit community because he famously invested in multiple successful startups and he is now playing his hand in the crypto space because of his latest investment. The Horizon Blockchain Games last month received up to $3.75 million in seed funding from Alexis Ohanian himself and other investors. SkyWeaver is an ethereum-based title that hopes to take on the kingpin of all digital card games Hearthstone and its five year success; the gaming kingpin attracted more than 100 million players to its franchise so now the Reddit co-founder is now catching on. In Hearthstone and other digital equivalents, cards are not really freely transferrable so if a player you move on to other gaming pastures, your years of hard work collecting fighters will no mean anything. You can’t sell them but you also cannot take them with you so you can’t certainly gift them to anyone else unless they take control of your account. The limitation was put in order to bane of many online card collectible players who have put the time to see some monetary reward. There is also the problem that some players experience by unlocking duplicate cards. This results in a frustrated fanbase with zero exchange options:
 “With Skyweaver using Ethereum, it means you can send your cards to your friends, trade them with other players on our platform, trade them on another website, buy/sell them on Reddit, burn them, lend them to people that want to play with your cards while you are on vacation, etc. Basically, we can't prevent you from doing whatever you want with these cards, just like physical cards.”
SkyWeaver is now working in a private beta and is expected to launch later this year and in the meantime Horizon is inviting new players to try out the game every week as we read in the reports in the coming altcoin news.
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Blockchain News

Crypto Exchange Poloniex Drops 23 Pairs Due To Low Volume

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Crypto exchange Poloniex drops more than 20 pairs due to low volume. Many of the pairs were popular in 2017 but have not fallen out of favor so we are reading more today in the coming altcoin news. During the 2017 altcoin boom, many exchanges listed hundreds of pairs but now the situation is different and many of the altcoins remain generally at rock bottom prices. According to CoinMarketCap, the US crypto exchange Poloniex has 124 pairs. More than 20 of them or about 16 percent have less than a thousand dollar volume daily so it seems this was the reason to be targeted for termination. The exchange stated:
 ‘’We will be removing 23 trading pairs on August 16, 2019, due to low volume. Note that each asset will continue to be independently tradable.’’
More than half of the listed pairs are in ETH, about six are XMR pairings and the rest are stabelcoin pairs for the various obscure altcoins. Some of them include Loom Network/ USDT which has $50 traded in the past day, Status/USDT with just $157, Bancor/USDT trading only $75 per day, FOAM/USDC and the worst performing pair which is the Khyber Network/USDT. Some of the ETH pairs were popular altcoins with high volumes such as Golem, Qtum, GAS, Steem, OmiseGO and Civic but after bitcoin, Ethereum and Zcash as top pairs on the exchange, all others burst into flames. The Monero paris aside from BTC and stablecoins will also be dropped because of the low volumes. This could only be the case of falling volume on that particular exchange because the same pairs on Binance are doing really well. Compared to two years ago in 2017, the altcoin scene looked a lot different than today and many of the altcoins have now falled off the digital cliff in terms of token price regardless of other developments on the project by the respective teams. Two years ago in August, IOTA was the fifth largest cryptocurrency by market cap which was priced at $0.94 with a $2.6 billion market cap. Today as we can read in the latest cryptocurrency news, IOTA is struggling to say in the top twenty and is down by more than 75%. The Crypto Exchange Poloniex drops the pairs and we shall see if any major fluctuations will happen.
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IMpulse K1 Is The Blockchain Smartphone That Sets The Bar Higher

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If you are an avid follower of our latest cryptocurrency news, you probably know that smartphones have blockchain capabilities nowadays. This is the relatively new and latest invention in this field - and IMpulse K1 is a new smartphone that raised the bar higher, providing additional protection to user's data. In times when blockchain smartphones use new technology which is far from understanding of ordinary customers, the new IMpulse K1 phone delivers a lot of novelties and premium features. Set to launch this year, the smartphone is the latest product of Karatbars International, a Stuttgart-based retailer and one of the most successful blockchain companies on the market. So far, Karatbars has created a foundation of blockchain technology, digital assets and precious metals. The company was featured on many best cryptocurrency news sites - but it seems like their masterpiece is coming in the form of a phone - the IMpulse K1 smartphone. As the most recent innovation, this phone is the world's first ever 'Voice Over Blockchain' smartphone which makes it special. Seen as a revolutionary breakthrough in the altcoin news and the market of cryptocurrencies, the IMpulse K1 is expected to solve a lot of problems, especially ones with privacy and security of its users. The company has used an innovative technology named "VOBP" (Voice Over Blockchain Protocol) when creating the new communication system that is integrated in the flagship IMpulse K1 smartphones. As described, VOBP allows users to communicate in a new and encrypted way. All of the information will be sent P2P and enciphered end-to-end, precluding third parties from interference. The main goal, as the manufacturer of IMpulse K1 noted, is to satisfy the need for security on the growing smartphone market. It should be underlined that the K1 Phone uses the latest technological improvements when storing data safely. This way, documents, images and videos will all be enciphered through the IFPS platform, which is the decentralized storage instrument based on blockchain technology. All in all, IMpulse K1 is a blockchain smartphone that will likely change the concept of modern smartphones. The users will be free to choose and speak - and the model will be accessible in three different forms: Impulse K1 Carbon, Gold, and Army. The first model, Carbon, is amazingly light and stylish, and will likely become popular among the younger masses.
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