Alejandro Beltrán of Colombia’s largest cryptocurrency exchange, Buda.com, effectively shuttered by banks in the country refusing to do business with it, has written an open letter to the nation’s new president in the hope of winning a reversal. Iván Duque Márquez was elected last month, and has been quoted as embracing new financial technology.


“Being a Fintech company,” Mr. Beltrán began, “we received with great enthusiasm [your] promise to promote the development of new technologies in Colombia [….] For this reason, it hurts us that the pressure of the previous government on the banks led them to close our bank accounts, forcing us to stop our operation and taking away from our almost 40,000 clients the possibility of buying cryptocurrencies in a safe and transparent manner.”

Alejandro Beltrán, head of Buda.com, the leading cryptocurrency exchange in Colombia, knows business. Prior to running the largest crypto venture in his country, Mr. Beltrán worked as an administrator in finance for a decade. He is also host of the Spanish language podcast, Calle Bitcoin.


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THIS IS THE SOURCE: https://news.bitcoin.com/colombia-crypto-exchange-asks-new-president-for-banking-help/

In today’s edition of The Daily, we’re focusing on human interest stories. Tales involving people rather than products, as a reminder of the many ways in which cryptocurrency affects people’s lives, transforming them for the better. From Australia to China, Thursday’s roundup is as borderless as bitcoin itself.

Man Travels the World on 1 BTC
Never mind living on bitcoin for 21 days – one man has gone 344 days better than the Chinese women recently profiled and survived for a whole year. Armed with 1 BTC he purchased for $4,724 last August, the Redditor managed to take in 18 countries in 12 months. Trip highlights included meeting Vitalik Buterin in China, John McAfee in Singapore, and hitting up Amsterdam, where he confessed to having “Used a bit of my almost-running-out-BTC to taste true wormwood absinthe.”

The crypto fanatic captured some of his most memorable moments in a short video for posterity. The chief takeaway from his round the globe extravaganza? “Crypto will set us free.”

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THIS IS THE SOURCE: https://news.bitcoin.com/the-daily-around-the-world-on-1-btc-and-the-plausibly-deniable-brainwallet/

THIS IS VERY GREAT AND INCREDIBLE.


Superrich International Exchange, a popular foreign currency exchange chain in Thailand, has reportedly revealed a plan to begin offering travelers cryptocurrency exchange service in addition to 32 fiat currencies. The company has 49 locations in Thailand, one in Cambodia, one in Britain, and is also in talks with regulators to start operations in Laos.


Superrich International Exchange (1965) Co. has unveiled its plans to enter the crypto space, according to local media.

Having been in business since 1965, Superrich describes itself as “The best currency exchange in Thailand with 49 locations throughout the country and 2 in other countries, with 32 currencies available.” The chain consists of 43 locations in Bangkok, six in Thailand’s provinces, one in Cambodia and one in Britain. In addition, the company is in talks with the Laotian authorities to begin money-changing operations in the country, the Bangkok Post reported on Sept. 24.


The president of Superrich, Piya Tantivachayanon, was quoted by the publication saying:


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THIS IS THE SOURCE: https://news.bitcoin.com/super-rich-thai-foreign-exchange-chain-cryptocurrencies/

Google has announced that regulated cryptocurrency exchanges will be allowed to advertise on its platforms in the United States and Japan starting in October. This removes some of the restrictions the company placed on crypto ads in June.

The company considers “financial products and services to be those related to the management or investment of money and cryptocurrencies, including personalized advice.”

Google Bringing Back Crypto Ads in US and JapanGoogle explained that “Advertisers will be able to apply for certification once the policy launches in October,” noting that “This policy will apply globally to all accounts that advertise these financial products.”


In May, Google announced restrictions on ads relating to “Cryptocurrencies and related content (including but not limited to initial coin offerings, cryptocurrency exchanges, cryptocurrency wallets, and cryptocurrency trading advice).” This policy went into effect in June. According to Cnbc, Google’s parent company, Alphabet Inc., gets roughly 86 percent of its total revenue from advertising. The firm earned more than $54 billion in ad revenue in the first half of this year.


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THIS IS THE SOURCE: https://news.bitcoin.com/google-crypto-ads-us-japan/

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The company, founded in Brazil, emerged in 2014 in the digital currency market as an innovative Exchange, working with a platform focused to simplify trades among cryptocurrencies. It is also the first Exchange in Latin America and has announced the opening of an office in Malta which takes with it almost 300 thousand users.

“We have spent some time immersed in studies of national legislation, articulated partnerships were selected and established plus we have attended some events herewith the government. Now the Island of Malta will be the scene of a new beginning full of news, “said Marlos Jennis, responsible for Bleutrade’s International Relationships.

Access the site

According to Felipe Melo, CEO, this transition arises at a time when the Mediterranean region presents true forms of becoming one of the first centers of world reference for blockchain and cryptocurrencies companies: “We went through a few countries and chose Malta mainly for legal security, which will give us more freedom when starting new services, besides in the island we find human resources with great potential.”

Regulators, in general, have been cracking down on cryptocurrency exchanges since the beginning of 2017, leading to several difficulties in such operations. Following the release of the Prime Minister Joseph Muscat, announcing that Malta ‘aims to be the global trailblazers in the regulation of blockchain-based businesses and jurisdiction of quality and choice for world class fintech companies’, Bleutrade is committed to being a part of this progressive world that will enable the writing of new history for its users.

Bleutrade also plans to add fiat currency ,like Dollar and Euro, to its platform once it is installed in the Mediterranean. The exchange today does not work with the Real currency, but seems to have partnered with the new exchange BitRecife, placed in Brazil, in order to enable crypto transfers without mining fees.

Marcos Vinicius, Bleutrade’s Advisor, affirms that the scenario seeks to a friendly jurisdiction place for the cryptocurrency sector, the key point that led Bleutrade to extend to the island. As Malta presented itself a step ahead of the market trend, it attracted major exchanges from the market such as Binance, Okex and now Bleutrade.

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The China Center for Information Industry Development has updated its crypto rankings. The list contains 33 crypto projects, ranked overall and in three separate categories. High up in the overall ranking are EOS, Ethereum, and Bitshares. Bitcoin, however, has been downgraded.

                                      [/b]


The China Center for Information Industry Development (CCID), under the country’s Ministry of Industry and Information Technology, officially published its fifth crypto rankings on Sept. 20. Thirty-three crypto projects are ranked. Each is given an overall score and a separate score for each of the three categories – basic technology, application, and innovation.

In the overall ranking published Thursday, the center put EOS at the top of the list, followed by Ethereum, and then Bitshares. EOS and Ethereum were also at the top of last month’s overall ranking. Bitshares, however, jumped from the 12th place the 3rd place.

BTC was downgraded from the 10th place to the 16th place while BCH fell a few places, from the 29th place to the 31st place. In the innovation category, however, BTC tops the list, with EOS in the 3rd place.

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THIS IS THE SOURCE: https://news.bitcoin.com/china-crypto-rankings-bitcoin/

The cryptocurrency markets have produced a significant rally today – with just three of the top fifty crypto markets by capitalization posting losses for the last 24 hours of trade action as of this writing. The most notable gainer has been XRP – gaining over 50% in the last day to overtake ETH as the second largest cryptocurrency by market capitalization.

Also Read: China Updates Crypto Rankings, Downgrades Bitcoin

BTC Break Above Resistance at $6,500 USD
BTC has broken above the $6,500 resistance area, following roughly two weeks of sideways price action between approximately $6,000 and $6,500.


As of this writing, BTC is trading for approximately $6,700 after appearing to establish roughly $6,800 as local resistance when looking at intraday price action. BTC has gained roughly 4% in the last 24 hours.

Looking at the stochastic RSI on the weekly charts shows that momentum is coiling into an increasingly tightening mid-level range – suggesting that the markets may be primed for a strong move in either direction.

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THIS IS THE SOURCE: https://news.bitcoin.com/markets-update-xrp-dethrones-eth-second-largest-crypto/

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The blockchain technology has recently gained a great popularity and there are unlikely people who haven’t heard about Bitcoin and cryptocurrencies. The more coins enter the market, the more trading opportunities should be provided. In this case, crypto exchanges come into play. CoinMarketCap has over 200 trading platforms in its rating list. In fact, there are over 500 exchanges to choose from. Coinsbit has looked at the existing trading platforms and marked out key features that reliable and safe crypto exchange should have.

Key features of a perfect exchange

The rules for any exchange in the market are simple: registered legal entity, high level of security for transactions and users’ personal data, customer support, low transactions fees, high speed of transactions and more.

Coinsbit exchange provides traders with a wide range of opportunities that makes the platform legit, reliable, and secured:

Single Page Application
The exchange website doesn’t require much time to load and don’t overload the server.

CoinsCodes
Platform’s users can perform transactions between each other without the transaction fee;
High performance of the trading server

Transactions are fast and do not require much time to be confirmed. The exchange process up to 10.000 trading operations per second.

Security
The platform complies with the OWASP Top 10 standard. All financial assets of the traders are stored on cold wallets.

Client support
Coinsbit team provided a 24/7 support in English, Chinese, Japanese, Indonesian, Spanish, German, Russian languages;

Simple KYC
Fast user’s verification process;

Legitimacy
The exchange has a license to make trading operations in the EU.

Road for the future development
Exchanges should constantly evolve in accordance with the market requirements. Security, functionality, speed – everything should be developed with time in order to give users even more opportunities for trading crypto. By the end of 2018, Coinsbit is planning to introduce a margin trading with a 1:2, 1:3 leverage, cryptoloans in USD and USDT on the security of the cryptocurrency directly on the exchange, cryptofunding to make earnings on deposits in cryptocurrencies in the financing of margin trades, and hybridity in order to transfer part of trading pairs on a decentralized mechanism to increase the security of traders financial assets. One of the main goals of the team is to get a chance to be listed on CoinMarketCap.

More information about Coinsbit is available on the official website.

Press Contact Email Address
[email protected]

Supporting Link
https://coinsbit.io/

This is a paid press release. Readers should do their own due diligence before taking any actions related to the promoted company or any of its affiliates or services. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release.


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