Day: July 16, 2018

Thailand Plans Blockchain Token for Instant Securities Settlement

boss

A prominent securities markets body in Thailand is preparing a blockchain-based token that will power instant clearing and settlements of corporate bonds. After researching blockchain technology for a bond registrar services platform, the Thai Bond Market Association (TBMA) has revealed its intention to create a “Bond Coin”, a custom token on a private blockchain between permissioned participants including issuers and investors alongside regulators and registered firms. Notably, the TBMA has already received permission from the Securities and Exchange Commission, the country’s securities market regulator, to develop the blockchain in a…

Bitcoin Struggles for Gains as Volume Hits 36-Week Low

boss

Bitcoin’s corrective rally has stalled around $6,400 on Monday amid low trading volumes. The leading cryptocurrency remained bid over the weekend as expected, courtesy of Thursday’s strong reversal from the two-week lows. However, so far, the break above $6,400 has remained elusive, likely due to anemic trading volumes. Bitcoin’s total trading volume across all cryptocurrency exchanges fell to $2.92 billion on Saturday, the lowest level since November 7, according to CoinMarketCap. The drop in the trading volume likely indicates the bargain hunters are not particularly impressed by BTC’s reversal from the two-week…

Cryptocurrency Markets Gear into Recovery Mode as EOS Rises 8%

boss

The cryptocurrency markets appear to be in recovery mode on Monday after a rather torrid week where most coins reached 2018 lows. Chief of the pack was EOS which sees an 8% rise to trade at well over the $7.30 level after having dropped as low as $6.50 last week. However, the increases were not limited to EOS since other currencies also registered impressive increases. Stellar Lumens pushed forward and easily sailed over the $20 mark in the past 24 hours to settle at the $0.22 level at press time…

Bitcoin Price Watch: BTC/USD’s Bullish Break Underway

boss

Key Points Bitcoin price slowly climbed above a major resistance area near $6,300 against the US Dollar. There was a break above two important bearish trend lines near $6,310 and $6,350 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair is likely to surge further higher towards the next resistance at $6,450. Bitcoin price is gaining bullish momentum above $6,300 against the US Dollar. BTC/USD may perhaps test the next major barrier near $6,450 in the near term. Bitcoin Price Analysis Bitcoin price settled above…

Sex Workers Have Serious Issues With a Crypto-Powered ‘Uber for Escorts’

boss

“Too pimp-like and not safe to use.” That’s how one sex worker, who spoke on condition of anonymity, described the cryptocurrency platform PinkDate, for which she was invited to test the service but refused. Describing itself as the “Uber of escorting,” PinkDate is one of several sex industry startups launching a crypto-fueled booking app funded by an initial coin offering (ICO). The platform, currently in a closed beta, aims to match sex workers with clients (just as Uber does for drivers and passengers). Except instead of credit cards, clients would…

Cardano Price Analysis: ADA/USD Bullish Above $0.1400

boss

Key Highlights ADA price popped higher and broke the $0.1330 resistance zone against the US Dollar (tethered). There was a break above a key contracting triangle with resistance near $0.1390 on the hourly chart of the ADA/USD pair (data feed via Bittrex). The pair is likely to move further higher and it could soon break the $0.1450 resistance. Cardano price is placed in a bullish zone against the US Dollar and Bitcoin. ADA/USD is likely to accelerate above the $0.1450 and $0.1500 resistances in the near term. Cardano Price Analysis…

Ripple Price Analysis: XRP/USD Struggling Near $0.4500

boss

Key Highlights Ripple price recovered recently, but it is facing a significant resistance near $0.4500 against the US dollar. There was a break above a key bearish trend line with resistance at $0.4400 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair could correct lower, but it is likely to make another attempt to clear the $0.4500 resistance. Ripple price jumped sharply against the US Dollar and Bitcoin. XRP/USD must clear the $0.4500 resistance to accelerate gains towards the $0.5000 level. Ripple Price Trend Recently,…

Ethereum Price Analysis: Can ETH/USD Break $455?

boss

Key Highlights ETH price traded higher and tested an important resistance area near $455 against the US Dollar. There is a major bullish trend line formed with support at $438 on the hourly chart of ETH/USD (data feed via Kraken). The pair may correct lower, but it is likely to find support near $435-438 in the short term. Ethereum price is moving in a positive zone against the US Dollar and Bitcoin. ETH/USD remains in a bullish zone as long as it is above the $435 level. Ethereum Price Support…

NEO Price Watch: Small Correction from Bullish Breakout

boss

NEO Price Key Highlights NEO price recently broke out of a symmetrical triangle consolidation pattern on the 1-hour chart. Price is pulling back from the breakout and might be due for a retest of the broken triangle resistance. If the area of interest holds, NEO could gain more bullish traction and test the next upside targets. NEO price could gain more traction on its bullish breakout if the pullback to the area of interest spurs a bounce. Technical Indicators Signals The 100 SMA is still below the longer-term 200 SMA…

Bitcoin Cash Price Analysis: Can BCH/USD Hold Gains?

boss

Key Points Bitcoin cash price recovered nicely and moved above the $710 resistance against the US Dollar. There is a key bullish trend line formed with support near $712 on the hourly chart of the BCH/USD pair (data feed from Kraken). The pair must stay above the $700-710 support zone to remain in a positive zone in the near term. Bitcoin cash price made a nice upside move above $700 against the US Dollar. BCH/USD could continue to move high as long as it is above $700. Bitcoin Cash Price…