Current Bitcoin Price: $3435 (as of 10:00 AM PST)
As a whole, the cryptocurrency market has retraced about 1.6% today. Bitcoin is only down 0.8%, while XRP and Ethereum are down 3.2% and 1.8% respectively.
Aside from the red, there seem to be no clear patterns in the market. Some coins are down around 5%, such as TRON, Stellar, and Bitcoin SV, while others are down by as little as 1%, such as EOS, Litecoin, and Monero.
Top Bitcoin & Crypto News Stories for 31st January 2018
Binance to accept card payment
Binance has long been one of the cryptocurrency space’s most popular exchanges. As far as crypto-crypto exchanges are concerned, Binance is the biggest exchange; however, it’s always missed out on a larget market share by having never accepted fiat deposits.
Today, Binance announced that it will begin accepting card payment — including both credit and debit cards for cryptocurrencies. The new fiat payment solution, which will be implemented by Simplex, will allow Binance users to purchase Bitcoin, Ethereum, XRP, and Litecoin.
Nasdaq working with 7 crypto exchanges
The Nasdaq is the world’s second largest stock exchange, after the New York Stock Exchange. Although it’s expressed some interest in cryptocurrency in the past, it’s been slow to bring cryptocurrencies to its own exchange.
Instead, Nasdaq has been working with 7 cryptocurrency exchanges to aide them in fraud detection. The stock exchange, which has proprietary trading surveillance technology, has confirmed this collaboration with Gemini and SBI Virtual Currency.
NEM Foundation to be restructured
The NEM Foundation is a promotional organization for the NEM cryptocurrency, and spent more than 9 million XEM (over $350,000) per month to help its team spread the word through 2018.
Today, the NEM Foundation announced it will undergo a significant restructuring, moving its focus from marketing to development.