Day: July 10, 2018

Established Cosplay Platform Turns to Blockchain to Tackle Harassment and Copyright Issues

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A company that bills itself as the “world’s largest cosplay platform” is turning to blockchain to help the industry develop a sustainable economy — tackling issues such as harassment and copyright in the process. Cure WorldCosplay is an international community with more than 720,000 members in 180 countries. Available in 12 languages, the company says it offers a platform for talented cosplayers, photographers and prop makers to showcase their work. More than 6.5 million images have been shared on its service to date, and in excess of 430,000 people follow…

Ethereum Classic Price Analysis: ETC/USD Bearish Below $18

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Key Highlights Ethereum classic price failed to move above the $18.80 resistance and declined against the US dollar. There was a break below a key bullish trend line formed with support at $18.20 on the hourly chart of the ETC/USD pair (Data feed via Kraken). The pair is now trading below the $18.00 pivot level and the 100 hourly simple moving average. Ethereum classic price is slowly moving lower against the US Dollar and Bitcoin. ETC/USD could decline further as long as it is below the $18.00-18.20 resistance. Ethereum Classic…

Bitcoin Price Watch: BTC/USD Near Crucial Juncture

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Key Points Bitcoin price declined further and broke the $6,680 and $6,600 support levels against the US Dollar. Yesterday’s highlighted connecting bearish trend line is intact with resistance at $6,680 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair must stay above the $6,550 support zone to avoid more declines in the near term. Bitcoin price extended losses below the $6,680 support against the US Dollar. BTC/USD is now at a risk of further slides if there is a break below $6,550. Bitcoin Price Analysis…

R3 Launches Corda Enterprise With First-Ever ‘Blockchain Firewall’

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More than a year in the making, Corda Enterprise has arrived. Announced Tuesday, blockchain startup R3 has released a paid version of its signature open-source Corda blockchain technology, one that offers added features aimed at regulated institutions including 24/7 support, disaster recovery and more. The big reveal comes just over 13 months after R3 raised $107 million, at the time stating that it would allocate funds for an enhanced version of its product. Further, it will bring to end a period of development in which businesses have needed to build…

Ripple Price Analysis: Can XRP/USD Hold $0.4600?

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Key Highlights Ripple price extended its decline and broke the $0.4700 support area against the US dollar. Yesterday’s highlighted major bullish trend line was breached with support at $0.4690 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair is currently trading near major support levels at $0.4640 and $0.4600. Ripple price struggled to recover against the US Dollar and Bitcoin. XRP/USD is struggling and it remains at a risk of more declines below the $0.4600 support. Ripple Price Decline Yesterday, there was a downside correction…

Ethereum Price Analysis: ETH/USD Broke Key Support

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Key Highlights ETH price fell sharply and broke a major support near $475-478 against the US Dollar. Yesterday’s highlighted important bullish trend line was breached with support at $476 on the hourly chart of ETH/USD (data feed via Kraken). The pair is now trading well below the $475 support and the 100 hourly simple moving average. Ethereum price made a sharp downside move against the US Dollar and Bitcoin. ETH/USD may decline further if sellers remain in control below $475. Ethereum Price Drop A new correction wave was started from…

Tron (TRX) Price Watch: Short-Term Support Zones

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Tron Price Key Highlights Tron is on another leg lower but might be due for a bounce off the nearby support zones. Price has tumbled through most of the Fib extension levels but is still due to test the channel support and full extension. Technical indicators are showing mixed signals, with oscillators hinting at a bounce. Tron has been in selloff mode for the past few days but might be able to bounce off these nearby support areas. Technical Indicators Signals The 100 SMA is still below the longer-term 200…

Bitcoin Cash Price Analysis: BCH/USD Extending Losses

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Key Points Bitcoin cash price declined further and broke the $730 support area against the US Dollar. There was a break below a key bullish trend line with support at $740 on the hourly chart of the BCH/USD pair (data feed from Kraken). The pair may continue to move down towards the last swing low and support at $700. Bitcoin cash price extended its downside correction below $740 against the US Dollar. BCH/USD is likely to extend its decline further towards the $700 support. Bitcoin Cash Price Decline There was…

BitGo Adds 57 Ethereum Tokens In Largest-Ever Custody Service Expansion

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The wider world of crypto tokens is becoming a bit more accessible to institutional investors. The security startup BitGo exclusively told CoinDesk on Tuesday, July 10, it will expand its suite of custody products and services to support 57 new ethereum assets, a move driven by demand for services that safeguard private keys – the alphanumeric strings that act as passwords for crypto assets – and that, once lost, are gone forever. As such, the move is a telling one for the blockchain security sector, one that showcases how it’s…

Bitcoin (BTC) Price Watch: Potential Bounce Targets

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Bitcoin Price Key Highlights Bitcoin price is still inside its short-term ascending channel but is on its way to test support. If the near-term floor holds, the Fibonacci extension tool on this pullback shows the potential upside targets. Technical indicators are suggesting that the rally could carry on from here. Bitcoin price looks prime for a bounce off its short-term channel bottom and might recover to the Fib extension levels. Technical Indicators Signals The 100 SMA is above the longer-term 200 SMA on this time frame to confirm that the…