Crypto Abra will allow users to buy cryptocurrencies with fiat

Crypto Abra extends to 6000 manazines in the Philippines

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1 Bitcoin drops $ 300 in an hour and pulls down the entire crypto market

3 Former Russian hockey player accused of cryptocurrency fraud

The crypto investment app Abra will allow users to buy fiat cryptocurrencies in 6,000 Philippine stores.

Based on a partnership with the local ECPAY payment company, cryptocurrencies can be purchased from kiosks located in shops and supermarkets. Also included are 7-Eleven stores, which allow purchases through the CLIQQ mobile app.

Abra wallet owners will be able to buy cryptocurrencies worth at least 500 Philippine pesos (about $ 10) and up to 100,000 pesos (over $ 2,000). A transaction fee of 2% will be charged, and users will be able to purchase all cryptocurrencies supported by Abbra.

Bitcoin drops $ 300 in an hour and pulls down the entire crypto market

During today, Bitcoin dropped sharply from $ 10,150 to $ 9850, which means a $ 10 billion loss in market cap. The negative evolution appears after one week of consolidation in the range of $ 10,500-10,200.

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The $ 300 decrease occurred immediately after trading in Asian markets opened and also generated losses for the rest of the market.

After a few days of growth, altcoins started to fall again today, with percentages between 2 and 6%.

Binance opens an OTC office

The Binance Exchange will add the OTC option to its platform next month, to give users the option to purchase cryptocurrencies without the intervention of banks.

Binance’s co-founder and chief marketing officer He Yi said the exchange will specifically support OTC transactions with the Chinese yuan.

Open an account on Binance

He added that the new service will be part of the Binance plan in the coming months to devote more time and resources to compete on the Chinese market. The exchange will also launch a payment service to allow users in 170 countries to buy fiat crypto assets on Binance.com.

Former Russian hockey player accused of cryptocurrency fraud

A former Russian hockey player has been charged with $ 800,000 in cryptocurrency fraud.

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Igor Musatov is accused of cheating the CEO of a company with over 45 million rubles, promising him that he will use the money to buy Bitcoin.

According to the TASS news agency, Igor Musatov convinced the director that he is a profitable cryptocurrency trader. He received 45 million rubles to buy 103 BTC (a significant price reduction) and then disappeared with the money.

The CEO addressed the authorities after he failed to contact the hockey player. Musatov is currently on a list of wanted criminals and has a 30-day arrest warrant on his behalf.

Musatov’s lawyer claims that this is a misunderstanding and that his client is innocent of accusations.