From a warning on a potential altcoin catastrophe to new adoption for Ethereum, here’s a look at some of the stories breaking in the world of crypto.
Altcoins and Bitcoin
A popular crypto analyst says big changes affecting US traders on Binance and Bittrex could have a dire impact on a number of altcoins. Binance.com is pulling the plug on US traders, prohibiting them from trading on Binance.com as of September 12th. Meanwhile, Bittrex is sending out emails to alert its US customers that certain markets will shut down on June 28.
Markets Shutting Down on Bittrex for US Customers
DonAlt told his 106,000 followers on Twitter that he believes coins that will soon be banned from Bittrex and don’t make it over to Binance’s new US-based exchange called Binance.US could essentially be delisted into oblivion.
This is an altcoin exodus.
If we assume these coins will all not be on Binance US either (Regulation for Bittrex and Binance is the same) they’ll lose the entirety of the US market.
These alts might not capitulate into nothingness, they might just get delisted into it. https://t.co/lac3p5XFt7
— DonAlt (@CryptoDonAlt) June 15, 2019
As for Bitcoin’s recent surge past $8,600, DonAlt says he’ll flip bullish if BTC can close out the week on a high note.
Broke out, no surprise there.
Still waiting for the weekly to close.
If we show strength going into it I’ll flip bullish again having made money on the retracement.
If it shows weakness back to shorting I go. pic.twitter.com/28yHK3oTPX
— DonAlt (@CryptoDonAlt) June 14,