Day: July 4, 2018

Ethereum Price Analysis: ETH/USD Holding $450 Support

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Key Highlights ETH price started a fresh correction wave after trading as high as $487 against the US Dollar. There is a key bullish trend line in place with support at $450 on the hourly chart of ETH/USD (data feed via Kraken). The pair has to move above the $465 and $468 resistance levels to resume its upside move. Ethereum price is correcting lower against the US Dollar and Bitcoin. ETH/USD is holding an important support near $450 which holds the key in the near term. Ethereum Price Support Yesterday,…

Bitcoin Cash Price Analysis: BCH/USD Correcting Lower

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Key Points Bitcoin cash price formed a new monthly high at $829 before starting a downside correction against the US Dollar. There was a break below a connecting bullish trend line with support at $770 on the hourly chart of the BCH/USD pair (data feed from Kraken). The pair broke the $760 support area and is currently trading below the 100 hourly simple moving average. Bitcoin cash price is correcting lower from well above $800 against the US Dollar. BCH/USD must stay above the $720 support area to avoid more…

Bitcoin (BTC) Price Watch: Buyers Waiting on This Pullback

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Bitcoin Price Key Highlights Bitcoin price is in a slow but steady climb inside an ascending channel on the 1-hour time frame. Price is currently testing the resistance and might be due for a correction to the bottom or at least the middle. Technical indicators are also signaling that the uptrend is likely to resume from here. Bitcoin price looks prime for a pullback on its climb as bulls might need to gather more momentum to sustain the climb. Technical Indicators Signals The 100 SMA is above the longer-term 200…

Microsoft Launches Enterprise Blockchain Partnership in Taiwan

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Microsoft Taiwan has entered a partnership with Digital China and Hot Cool in the hope that the three companies can use blockchain technology to improve the financial, e-commerce, entertainment, and other industries. The three-party blockchain alliance unveiled the initiative at a conference on June 28 at the Le Méridien Hotel in Taipei City. Sun Jikang, the general manager of Microsoft Taiwan, explained that he believes Microsoft Azure can improve the computing speed and security of Digital China’s digital blockchain services. For those unaware, Azure is a cloud computing service offered…

Bermuda Amends Banking Act to Favor Blockchain Startups

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Bermuda continues its push to become a global hub for blockchain and fintech innovation, having recently announced plans to change its banking laws to create a class of banks catering to blockchain and fintech companies, according to Finextra. The amendment to the country’s Banking Act follows the recent passage of a Digital Asset Business Act and an initial coin offering (ICO) bill. Local Banks Unresponsive To Fintech David Burt, premier and finance minister, recently introduced the new bill to Parliament after learning that local banks are not willing to offer…

Litecoin, EOS, IOTA, Stellar Lumens and Tron Technical Analysis

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Perhaps the debate of the day hovers around the diverging polices between those in the EU and India. EU Research findings strongly endorse cryptos while India’s Supreme Court has reasons to bar crypto dealings and get behind RBI’s decision to label them illegal. This is interesting and could potentially dent the recent revival of BTC price and sentiment in coins under our review taking into consideration their fan base. Let’s have a look at the charts: EOS Technical Analysis EOS Daily Chart by Trading View At long last, EOS ETH…