Connect with us

Blockchain

Users Can Now Book Flights With Dogecoin (DOGE) on AirBaltic

Republished by Plato

Published

on

Latvia’s flag air carrier, airBaltic, has reaffirmed its pro-cryptocurrency approach by enabling customers to make bookings with other digital assets, including Ether (ETH), Dogecoin (DOGE0 and Bitcoin Cash (BCH). Those tokens have joined the list of four USD-pegged stablecoins and the first-ever cryptocurrency – Bitcoin.

DOGE and ETH to Be Used for Air Travel

AS Air Baltic Corporation, also referred to as simply airBaltic is Latvia’s flag carrier that has also displayed a pro-digital asset approach for years. Back in 2014, the company became one of the first airliners to accept payments made with the primary cryptocurrency for its flight tickets.

Earlier today, airBaltic announced the addition of a new set of coins allowing customers to choose between more tokens when booking flights.

Those include arguably the most well-known Bitcoin hard fork – Bitcoin Cash (BCH), the second-largest cryptocurrency by market cap – Ether (ETH), and the surging in popularity – Dogecoin (DOGE).

As a result, the company now accepts a total of eight cryptocurrencies. Apart from the four mentioned above, the others are four stablecoins pegged to the US dollar – GUSD, USDC, PAX, and BUSD.

ADVERTISEMENT

The latest addition comes with the help of crypto payment service provider – BitPay. However, it’s worth noting that unlike Tesla, which recently enabled BTC payments for its vehicles and said it will retain them in BTC, airBaltic will convert the assets into fiat currencies.

When users choose the desired service on airBaltic’s website, the prices will be displayed in euros, but when they pay for them, the crypto asset selected will be converted into euros automatically at the current exchange rate determined by BitPay.

“As an innovative airline, we always strive to search for ways to improve the customer experience starting from the booking process. Over the years, 1,000 clients have used the payment option, which may not seem like a lot, but still offers passengers a unique payment option hard to find elsewhere.” – said airBaltic CEO Martin Gauss.

Dogecoin’s Growing Acceptance

The meme coin has been rapidly increasing in popularity recently, perhaps led by the continuous social media endorsement from Tesla’s Elon Musk. Following dozens of his pro-DOGE tweets, the token received attention from other celebrities, such as rapper Snoop Dogg.

The snowball effect was on, and DOGE became a sensation among renowned individuals. Dogecoin even reached the NBA as the Dallas Mavericks enabled payments with it.

To the question of why his team has added DOGE as a payment option, the club’s owner, Mark Cuban, emphatically said “because we can” at the time.

This growing usage of DOGE has also led to a significant price increase. The asset is up by more than 800% since the start of the year and registered a new all-time high last month.

SPECIAL OFFER (Sponsored)
Binance Futures 50 USDT FREE Voucher: Use this link to register & get 10% off fees and 50 USDT when trading 500 USDT (limited offer).

PrimeXBT Special Offer: Use this link to register & enter POTATO50 code to get 50% free bonus on any deposit up to 1 BTC.

You Might Also Like:


Coinsmart. Beste Bitcoin-Börse in Europa
Source: https://cryptopotato.com/users-can-now-book-flights-with-dogecoin-doge-on-airbaltic/

Blockchain

Bitcoin Cash Price Analysis: 10 April

Republished by Plato

Published

on

The correlation between Bitcoin and Bitcoin Cash stood strong at 0.729, showing a positive correlation between the prices of the two (denominated in USD). Bitcoin Cash saw some bullish news in recent weeks when it was announced that merchants that have integrated PayPal will be able to accept payments in BCH.

Bitcoin Cash 12-hour chart

Bitcoin Cash Price Analysis: 10 April

Source: BCH/USDT on TradingView

Bitcoin Cash was once again near the $670 resistance level. Further on lies the $750 resistance level, while support is at the $600-$610 area.

A leg upwards could be exactly the thing that has been brewing in the markets over the past month. Bitcoin and Ethereum have been unable to break past the stubborn resistance at $60k and $2000 respectively, suffering a sharp pullback before recovering. The positive sentiment around the market has been building for a few weeks now and could propel prices higher in the weeks to come.

The technical indicators showed that BCH has shifted back toward bullish momentum over the past two weeks, after dropping to test the $480 support level.

Rationale

Using the Elliot Wave Theory, the move from $220 (October) to $500 (January) appears to be the third wave in a series of five waves for BCH – and that wave also saw BCH register larger gains than the other two motive waves.

The move from $750 to $480 would then be Wave A of the corrective phase – and the recovery from $480 being Wave B. If this is indeed so, then BCH is unlikely to push past $750 once again.

The OBV showed that although buying volume was present, it has not yet made up for the selling volume seen since the drop from $750. This has to change if the bulls are to drive prices toward $800.

The RSI climbed back above neutral 50 to denote bullish sentiment.

Conclusion

A surging Bitcoin often sees market participants exchange altcoins for the king of crypto. This scenario would likely see coins such as BCH stagnate while Bitcoin soars. The $660 and $750 remain key levels of resistance and a move above them will invalidate the corrective phase scenario laid out in this analysis.


Sign Up For Our Newsletter


Coinsmart. Beste Bitcoin-Börse in Europa
Source: https://ambcrypto.com/bitcoin-cash-price-analysis-10-april

Continue Reading

Blockchain

How Ripple’s big win in court correlates with XRP’s 113% rally

Republished by Plato

Published

on

The bulls ride again on XRP’s side, as the token breaks about $1. On the legal subject, things seem to be going well for Ripple’s corner as rumors of an SEC settlement grow louder.

Back in December, the Commission hit Ripple Labs, executive Brad Garlinghouse, and Chris Larsen with a lawsuit for the alleged illegal sales of an unregistered security. In the coming month’s XRP’s price plummeted, exchanges delisted it, some investors lose faith.

As reported by lawyer Stephen Palley, Garlinghouse and Larsen scored a victory yesterday when Magistrate Judge Sarah Netburn rule that “discovery seeking 8 years of financial records along w/ subpoenas to 3d parties seeking same were too broad”.

Palley classified the decision as a “nice early win” by the defendants but is still skeptical about it being an indication for a resolution on the case. Palley added the following:

Winning a motion for a protective order on discovery doesn’t usually portend victory on the merits of the case itself. It depends. And the Court left open the possibility some of this could revisit later, if there are reasons to check veracity.

On the other hand, Galaxy Digital CEO Mike Novogratz said Ripple’s “equity is trading” at up to $3 billion in valuations on a secondary market. Novogratz speculated on the possibility XRP is rallying due to rumors of a possible settlement in the lawsuit.

Last February, the parties ruled out a settlement in a joint letter. However, the negotiations took place under the Commission’s previous directive. Gary Gensler is expected to be confirmed by the Senate and his more pro-crypto stance to have a positive influence on the legal process. Novogratz said:

Ripple equity is ‘trading’ in secondary market at $2-3bn valuation.  The $XRP on their balance sheet is worth approx $70bn. One price seems wrong. If XRP price is saying settlement coming, the equity is crazy cheap.   If not, the token seems expensive.   Thoughts?

Commenting on Novogratz’s statements Palley said there is no “public” indication a resolution is coming soon. The lawyer classified this subject as “inside” information and claimed a settlement will come after summary judgment practice. Palley added:

I don’t know how one can correlate price itself to settlement unless someone has inside information about potential SEC settlement/resolution and ability for exchanges to re-list for trading. Ripple has done better than I expected so far in preliminary motion practice and discovery fights, but there’s a long way from that to case resolution.

XRP in moon mode

Those who hold on to their tokens have been rewarded. XRP is trading at $1,32 with 29% profits in the past 24 hours and the biggest weekly rally in the crypto top ten with 113%.

Ripple XRP XRPUSDT
XRP on a bullish run in the 24-hour chart. Source: XRPUSDT Tradingview

Trader Kaleo said XRP is yet to reach its top and seems bullish on current price action. Comparing it to the 2017 bull-fun, the trader said XRP’s price quickly reach $2.45 when it broke the $1 mark. In the current rally, there is “way more capital” and fuel for the price to extend the bullish momentum.

In the last 24 hours, investors in South Korea are increasing XRP buying pressure as shown by the high trading volume in Upbit and Bithumb, two major exchanges in that country.

Coinsmart. Beste Bitcoin-Börse in Europa
Source: https://www.newsbtc.com/news/how-ripples-big-win-in-court-correlates-with-xrps-113-rally/

Continue Reading

Blockchain

Chainlink, Aave, Decred Price Analysis: 10 April

Republished by Plato

Published

on

Chainlink moved within an ascending channel but a breakdown did not seem likely at least in the short term. Aave remained below its 200-SMA, while Decred was expected to break south from its ascending channel after touching $200.

Chainlink [LINK]

Source: LINK/USD, TradingView

Chainlink’s current price was at a crossroads on the 4-hour chart. On one end, a climb above $35-resistance on the back of a bullish broader market would likely boost LINK above its ATH of $36.9. The other end would see LINK move below the bottom trendline of its ascending channel.

A bearish divergence on the MACD did lead to a pullback, but the price was still within the confines of an ascending channel. If the fast-moving line does cross above the signal line, a breakdown can be avoided over the coming sessions. The RSI pointed north from 54 but was expected to fall towards the oversold zone after forming another peak in the upper territory. A breakdown would highlight $28.6-support, but the same could go as low as $24.4.

Aave [AAVE]

Source: AAVE/USD, TradingView

While Aave has attempted a recovery after the late February pullback, gains have been largely capped by a strong resistance line of $422.7. Another stubborn form of resistance came from the 200-SMA, a line that has subdued Aave’s attempt at a bullish comeback. At the time of writing, the candlesticks were below the 200-SMA and the bulls faced an uphill task to take control of the market.

The OBV moved flat over the last few sessions. On a whole, selling volume has outmatched buying volume since mid-February. The ADX pointed south from 26 as the price approached its long-term moving average. Even if the price does move north, failure to flip $422.7 to a line of support could lead to a breakdown once again. Support at $300 could cushion any losses seen during the mid-long term.

Decred [DCR]

Source: DCR/USD, TradingView

On the 4-hour timeframe, Decred moved within an ascending channel after a pickup from $175.7-support. Since the last two weeks, this has become a recurring theme for DCR. Ascending channels have led to a minor pullback but the bulls have swiftly negotiated them and maintained an upwards trajectory. Going by the same logic, a minor pullback was expected if the channel peaks at a psychological level of $200.

The $195 region could offer some support but a fall towards $175.7 was also likely in case of a sharper sell-off. For now, the RSI was in the process of forming its third peak in the overbought region and a reversal can be expected soon after. Meanwhile, bullish momentum was gathering according to the Awesome Oscillator.


Sign Up For Our Newsletter


Coinsmart. Beste Bitcoin-Börse in Europa
Source: https://ambcrypto.com/chainlink-aave-decred-price-analysis-10-april

Continue Reading
Blockchain2 days ago

XRP Price Analysis: 08 April

Blockchain3 days ago

Decentralized oracle solution Umbrella Network adds Huobi as validator node

Blockchain2 days ago

$48B Asset Manager Millennium Management Dabbles With Bitcoin

Blockchain2 days ago

Binance Smart Chain Daily Transactions 200% More Than Ethereum’s

Blockchain2 days ago

America’s Second-Oldest Bank State Street to Enable Crypto Trading on its Platform

Blockchain2 days ago

Polkadot Price Analysis: 08 April

Blockchain3 days ago

Digital yuan campaign planned for contested island in the South China Sea

Blockchain2 days ago

Bitcoin exchanges just saw massive Tether stablecoin deposits

Blockchain3 days ago

Tesla’s landlord accepts crypto; will Elon Musk pay rent in Bitcoin?

Blockchain3 days ago

Why JP Morgan’s CEO calls Bitcoin regulation a “serious issue”

Blockchain3 days ago

Bitcoin Miners Hit Jackpot as Hash Rate Peaks Again

Blockchain3 days ago

Miners are hoarding Bitcoin from record daily earnings

Blockchain3 days ago

Crypto sentiment falls even as Bloomberg tips Bitcoin will hit $400K

Blockchain3 days ago

Revolutionizing the crypto-market in India with CryptoBiz exchange

Blockchain3 days ago

Tendermint acquires B-Harvest, creator of Cosmos-based Gravity DEX

Blockchain4 days ago

CoinMarketCap removes South Korea crypto exchanges from Bitcoin price tracker

Blockchain3 days ago

Ontology’s cross chain DeFi lending platform Wing is now live on Ethereum

Blockchain2 days ago

Man Gets 12 Years in Prison After Trying to Buy Lethal Chemical Weapon With Bitcoin

Blockchain3 days ago

Phemex Launches OTC Trading, Enables Crypto Purchase with Bank Transfers

Blockchain2 days ago

Cardano’s Anti-Counterfeit Solution Sees First Successful Implemetation

Trending