Month: June 2018

Bitcoin Price | Why Warren Buffett’s Comments Are Important

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Bitcoin price (BTC) rallied 50% last month amid improving trader confidence. The market pundits, however, are predicting BTC price to reach $20,000 by the end of this year. The overall trader’s sentiments and market data have also been supporting bull’s stance. The potential institutional investment and claims for higher adaptation are adding to traders sentiments. However, Warren Buffett – the stock market specialist and business icon, has different thoughts about the cryptocurrency markets. He refuses to invest in bitcoin and other digital currencies when several other institutional investment firms (such as Goldman…

$7k? Bitcoin Price Looks North After Six-Day High

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Despite the bearish chart setup, bitcoin (BTC) rose to a six-day high on Monday, putting a corrective rally to $7,000 back on the map. The leading cryptocurrency unexpectedly picked up a bid around $6,450 at 16:00 UTC yesterday and rose to $6,850 – the highest level since June 12, according to Bitfinex data. The $400 rally may have trapped a few bears on the wrong side of the market, given the pennant breakdown on the 4-hour chart had called for a drop to $6,000. Yesterday’s gravity-defying price action in BTC…

Investors Turn Bullish as Cryptocurrency Market adds $12 Billion 24 Hours

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Over the past 24 hours, the cryptocurrency market added $12 billion, as major cryptocurrencies including Bitcoin, Ethereum, Ripple, and Bitcoin Cash experienced a short-term corrective rally. Breathing Room, But Not Entirely Optimistic The Bitcoin price rebounded from $6,300 to $6,700, breaking a descending trendline since May 3, when BTC achieved $10,000. While it is too early to conclude that BTC has entered into a mid-term rally given that it is still likely for BTC to fall below the $6,000 mark in the short-term, the cryptocurrency market has gained a breathing…

Active Blockchain Projects in Use? Logistics is Overtaking Finance

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Many predicted that finance would be among the first innovators in blockchain. Harvard Business Review concluded that education about blockchain is no longer lacking in finance as it is in industries like manufacturing, predicting we’ll see finance projects finished first. Part of that statement is true. Manufacturing has indeed fallen behind in understanding blockchain, but they’re much faster to move when they start. For example, the executive team of Saint-Gobain, a manufacturing giant located in 67 countries, recently met with consultants from BlockchainDriven during an Innovation session to learn more…

Bitcoin Wallet Supporting the Lightning Network

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Well, that was fast. ‘Eclair’ – the first Bitcoin wallet supporting the Lightning Network, has been removed from the Google Play store, mere days after being added. Not long ago, on April 4th, a French tech company called ACINQ added the first mobile wallet that allowed for Bitcoin transactions via the Lightning Network. The app was available through the Google Play store for Android devices fitted with the operating system version 5.0 and higher. Several days later, on April 7th, the company tweeted they had lost the signing key for the…

Brussels Airport Unveils Blockchain App for Tracking Cargo Movement

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Brussels Airport has launched an application based on blockchain technology meant to assist in tracking cargo movement from ground handlers to freight forwarders. The application will work in conjunction with BRUcloud, the open data management platform of Brussels Airport that is hosted on the cloud. BRUcloud, which is based on the data technology of Nallian — a supply chain collaboration platford aimed at the business-to-business market — was launched in 2016 for Brussels Airport’s cargo community. The blockchain-based app is the next logical step with regards to the Landside Management…

Ripple Price Analysis | Are We in a Bear or Bull Trend?

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When it comes to Ripple, there are two things people want to know the most. Either they are looking for a Ripple price analysis, or they are looking to see if Ripple, the software company, announced anything new. Today, we are going to focus primarily on XRP’s market performance. Ripple Price Analysis: June 18, 2018 Over the weekend, XRP saw some losses. The Ripple price avoided massive drops but did spend the Sunday trading session in a tight range. Yesterday, XRP opened at $0.535 and finished the day at $0.528.…

Freedom of the Press Foundation Accepts Cryptocurrency Donations

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As of this Monday, June 18, 2018, the Freedom of the Press Foundation accepts cryptocurrency donations. But what tokens is it accepting? Freedom of the Press Foundation Accepts Cryptocurrency Donations The non-profit helps journalists to report on issues such as the “mismanagement, corruption, and law-breaking in government.” The foundation has announced that it is accepting Bitcoin (BTC), Bitcoin Cash (BCH), Ethereum (ETH), Litecoin (LTC), and Zcash (ZEC). The foundation hopes to add more cryptocurrencies in the future, but currently, donations can be made to the digital wallets that have been added to…

Bitcoin Price Watch | BTC/USD Moves Up Slightly, Approaching $7,000

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Bitcoin price watch: Bitcoin price stayed above $6,500 on Monday and moved slightly up, reaching a high of $6,850 earlier this morning, its highest level since last Tuesday. The cryptocurrency managed to stay steady for the past week, trading mostly in the $6,400-$6,600 price range. Bitcoin also received a boost following news that users of the ‘Cash’ mobile payments app could trade the digital currency in New York. Cash is owned by Square, which was granted a virtual currency license by New York’s Department of Financial Service on Monday. The app currently…

Binance Backs Malta Stock Exchange’s Startup Accelerator

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The Malta Stock Exchange announced today that Binance, one of the world’s leading cryptocurrency exchanges, is backing its newly launched program to support fintech startups and entrepreneurs. Known as a tiny archipelago between Sicily and the North African coast, Malta, along with several other microstates including Bermuda, Liechtenstein, Gibraltar and San Marino, have joined the race in the recent years to attract blockchain and crypto businesses. The MSX Fintech Accelerator is aimed at creating an ecosystem to nurture and support crypto startups and entrepreneurs, according to the Malta Stock Exchange’s announcement.…