Crypto Currencies: OTC – Trade is booming

In the last six months we have seen numerous high-profile cyber attacks on crypto currency exchanges around the globe. To better protect their digital assets – in a market that is so volatile – more and more traders are looking for alternatives.

Over The Counter – OTC trading
The alternative is OTC trading (off-exchange trading). Hundreds of millions of dollars are already being traded every day, coordinated via Skype, the OTC traders told Reuters.

Participants include traders working at Cumberland Mining in Chicago, Circle and the New York broker Genesis Global Trading.

In general, the OTC method is used to trade large volumes without affecting the market too much, said Kevin Zhou, founder of the crypto currency hedge fund Galois Capital.

Genesis Global Trading and Bitcoin Code

OTC transactions are processed by bank transfers company Bitcoin Code is a scam and sending crypto currencies to digital wallets. OTC transactions are not reported and independently audited, but some traders said that often more than $100 million in crypto currency transactions are settled daily.

Increased volume
Genesis trades an average of $75 to $80,000,000 a day in trades. In December, the company achieved a record volume of between 1.5 and 2 billion dollars.

The company Circle treated nearly $4 billion on OTC trading last year, said spokeswoman Jennifer Hanley.

Cumberland has recruited and opened offices in Asia and Europe, says Bobby Cho, Global Head of Trading. Most investors notify traders directly, but are asked by companies to undergo the controls of Know-your-customer (“Know your customer”) and Anti-money laundering (“Anti-Money Laundering”). Trades are settled bilaterally, usually via Skype Messenger.

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A large bullish trend line for Bitcoin

Table of Contents Ethereum Prize HighlightsTechnical indicators SignalsEthereum price analysisRipple Price HighlightsTechnical indicators SignalsRipple price analysisBitcoin Cash Prize HighlightsTechnical indicators SignalsBitcoin Cash Price AnalysisBitcoin Price HighlightsTechnical indicators Signalsmarket factorsEthereum Prize HighlightsThe Ether price traded above $490 before starting a downward correctionA large bullish trend line is forming on the hourly chart with support at $472ETH approaches some important supports at $478, $472 and $470The Ethereum price is currently correcting against the US dollar and bitcoin. ETH should find support near the $472 mark in the near future.

Technical indicators Bitcoin Code

Technical indicators SignalsYesterday there was a new rally above $475. ETH broke through the resistance of $490 and reached a new weekly high of $496. A downward correction later set in and the price fell below $485. However, the price Bitcoin Code Review 2018 ยป Full Scam Check – is approaching many important supports at $478, $472 and $470, and a large bullish trend line with support is also forming on the hourly chart at $472, above the trend support the 100 hour SMA is close to $473.

Ethereum price analysisLooking at the chart, the price remains well supported above $470. On the other hand, the price must break through the $486 mark to rise above $490. Finally, a breakthrough above the recent high of $496 is needed to make further profits above $500. The MACD is strongly in the declining zone. The RSI is currently approaching the 40 mark and signals sales pressure. The highest support level is $472, while the resistance is $490.

Ripple Price HighlightsThe Ripple rate fell by a few points after rising to $0.4877 against the US dollar.An important bullish trend line is forming on the hourly chart with support at $0.4680XRP could lose some more points, but it remains above $0.4650The ripple price is in a bullish zone against the US dollar and bitcoin. XRP must break through the $0.4800 and $0.4860 resistance zones to continue to rise.

Technical indicators SignalsOver the last 2-3 days, there have been decent bullish movements above $0.4600. XRP traded above the $0.4750 and $0.4800 resistance levels and a high was formed at $0.4877 before the price started a downward move. Ripple tested support at $0.4750 where buyers showed up. At the moment, the price is consolidating losses near $0.4780 and 100 hours SMA. On the other hand, an important bullish trend line is forming with support at $0.4680, so if the price continues to fall from current levels, it could find support near $0.4700 and $0.4680.

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Basic Attention Token: Washington Post, BATify and Coinbase?

Basic Attention Token is a transparent and decentralized advertising platform for publishers based on the Ethereum Blockchain. The project was initiated by Brendan Eich, the inventor of Javascript and co-founder of Mozilla Firefox.

The project aims to help publishers and advertisers and reward users with many benefits. Last week there was a lot of good news for the BAT project.

The Washington Post
The largest daily newspaper from Washington D.C. has recently become a verified BAT publisher. This means that the newspaper sold to Amazon now accepts BAT donations from its readers.

But The Washington Post is not the only big platform BAT accepts. Other websites, such as The Guardian, a British daily newspaper and VICE, a lifestyle and youth magazine, have registered for the service. Also well-known youtuber like PewDiePie and Philip DeFranco use the service of the BAT project.

BATify: BAT for Chrome and Firefox

To use BAT, you still need to download the BRAVE browser. With the browser, users can earn money to view advertisements and donate BAT to websites if they like the content or want to support the company.

In this way, the platform remains ad-free, which in turn benefits the end user. No more advertising-based mining malware and longer battery life for the smartphone because no more advertising scripts need to be loaded.

Download & test BRAVE browser and support*.

An independent BAT trailer has now programmed a BATify extension for the Chrome and Firefox browsers. This allows users to donate BAT to websites on a daily, weekly or monthly basis without having to use BRAVE. However, unlike the BRAVE browser, this extension does not contain an ad or tracking blocker.

Asked why the BAT team doesn’t develop extensions for other browsers, they replied, among other things, that a native browser like BRAVE has no development restrictions and that browsers often don’t allow extensions for the smartphone.

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