This week in Bitcoin – Sep 30th, 2019


Hi, I’m Nate Martin from 99Bitcoins.com
and here’s what happened this week in Bitcoin.
Crypto markets suffered a serious drop this week.
Bitcoin led the market downwards,
as it slipped below its support level of $10,000.
Bitcoin’s falling dominance perhaps
a result of stablecoins holding steady
during this market decline.
Binance.US, the American arm of
cryptocurrency exchange giant Binance,
has announced it is starting trading fiat-crypto
and crypto-to-crypto trading pairs this week.
The trading platform lists seven
cryptocurrencies immediately upon launch;
including Bitcoin, Binance coin (BNB), Ethereum,
XRP, Bitcoin Cash, Litecoin and Tether.
Users who already have
deposits with Binance.com
will not see their funds automatically
transferred to the U.S. platform.
The Bakkt Futures exchange,
offering futures contracts backed 1:1 with BTC,
finally launched last week after much delay.
Institutions may now trade Bitcoin on Bakkt,
an exchange operated by the same company
that runs the New York Stock Exchange.
165 BTC have been traded on Bakkt thus far.
It was reported that by the end of March 2020,
over 25,000 French stores will be joining
those already accepting Bitcoin.
These 30 brands include major
international franchises like Foot Locker.
The outlets are partnering with EasyWallet and
Easy2Play Payment to offer Bitcoin purchases,
with all crypto received instantly
converted to Euros.
The Digital Exchange of the Stuttgart Stock Exchange now offers Bitcoin trading.
Initial trading will be restricted
to a few selected participants,
with plans to expand it to institutional investors.
That’s what happened this week in Bitcoin. See you next week.

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