• Coinbase has introduced gift cards in Europe
  • The Singaporean largest air carrier launches blockchain-based program
  • Binance wants to enter South Korea

This week has been quite positive for cryptocurrencies. Yesterday, Bitcoin clearly jumped over a $8000 handle whereas altcoins also made some gains. In turn, virtual currencies have experienced some losses so far today, but it could be ascribed to profit-taking. The capitalization of cryptocurrency market stands subtly above $295 billion while this figure excluding Bitcoin sits slightly above $155 billion. Major topics we are bringing up today are as follows: Coinbase, in cooperation with WeGift (online gift card platform), launches gift cards in Europe, while Binance is planning to enter the South Korean market.

Coinbase, an American cryptocurrency exchange, has launched gift cards in Europe. Gift cards are linked with Coinbase wallets. They could be bought in Tesco, Carrefour, Costa and many others retailers. Gift cards have been available only in major European countries as yet, for one United Kingdom, Spain, France, Italy and the Netherlands. Will crypto gift cards enchant Europeans?

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BITCOIN clearly broke a $8000 handle then the most popular cryptocurrency also moved through a $8400 handle for a while. The virtual coin is trading around $8200 at press time. Perhaps, the most recent bearish candlestick seen at the H4 chart may be only a signs of profit-taking. How long could Bitcoin bulls continue this week’s rally? Source: xStation5

Let’s go to Asia. The Singapore Airlines, the country’s largest air carrier, has introduced a new blockchain-based loyalty program called KrisPay. KrisPay is a digital wallet for KrisFlyer’s (a loyalty program) users. The new program is focused on clients who very often use the company’s services. Travelers could convert their air miles into virtual coin, and then they are allowed to purchase some products or services in places such as restaurants, petrol stations or some retail shops using these coins.

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ETHEREUM has lost some of this week’s gains, but the the entire increase has yet to be erased altogether. ETHEREUM is moving a notch above a $460 handle at the time of preparing of this analysis. The digital currency is still moving above a 33-period moving average on the H4 interval (a purple line on the chart). Source: xStation5

Binance, one of the largest cryptocurrency exchange in the world, wants to enter the South Korean market. Binance has just added Korean language support. It’s worth recalling that South Korea, just like China, banned ICOs last year. Now, the Korean officials consider withdrawing from ICOs’ ban. According to Binance’s rep, the launch of the cryptocurrency exchange will depend on next policymakers’ steps. The South Korean crypto market is one of the most significant all over the world.