Day: July 17, 2018

Bitcoin Cash Price Analysis: BCH/USD Surging Higher

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Key Points Bitcoin cash price gained traction and moved above the $760 and $780 resistances against the US Dollar. There is a short-term bullish trend line forming with support near $788 on the hourly chart of the BCH/USD pair (data feed from Kraken). The pair is in a major uptrend and it is likely to accelerate higher above $800 in the near term. Bitcoin cash price jumped sharply towards $800 against the US Dollar. BCH/USD is gaining bullish momentum, which could lead it towards $850. Bitcoin Cash Price Trend There…

Robinhood Adds Support for Dogecoin on Its Crypto Platform

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U.S.-based trading company Robinhood has added support for Dogecoin (DOGE) on its Robinhood Crypto platform, according to a blog post published July 16. DOGE is a peer-to-peer digital currency started as a parody on a dog meme based on a real Japanese Shiba Inu named Kabosu. DOGE was introduced in December 2013, and currently has a market capitalization of $331 million according to Coinmarketcap. With today’s announcement, DOGE has joined Litecoin (LTC) and Bitcoin Cash (BCH), which were added to the platform last week. Dogecoin has no limit to how…

China Sees Sixfold Increase in Companies With ‘Blockchain’ in Their Title

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In China, the number of companies registered with the word “blockchain” in their names surged from January to July 16, 2018, surpassing last year’s number by nearly sixfold, the South China Morning Post (SCMP) reported July 16. Citing figures from business and civil data aggregator Qixin.com, SCMP reported that the country currently hosts more than 4,000 blockchain-related companies. In the past six-and-a-half months, there were 3,078 firms with the word “qukualian” (the Chinese translation of blockchain) in their names, while last year there were 555. In the past twelve months,…

38 Percent of South Africans ‘Wish They Had Invested in Crypto Before’

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Pan-African financial services company Old Mutual Limited has released an annual Savings and Investment Monitor survey for South Africa, which polled respondents on awareness of and attitude toward cryptocurrencies in the country. The recent study revealed that respondents generally have a positive regard of digital currencies, with 38 percent of respondents agreeing with the statement “I wish I had invested in [crypto] before” and 71 percent agreeing that “You can make a lot of money with them.” However, 43 percent of respondents agreed with the statement “They are bad news,…

Kodak-Branded Crypto Miner-for-Rent Scheme Fizzles Out

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A Kodak-branded Bitcoin (BTC) miner rental scheme will not go ahead as planned, the company’s licensee Spotlite told the BBC July 16. Spotlite USA is one of many firms that licenses the Kodak brand to put on its own products, such as Kodak LED Lighting. Spotlite USA presented the Kodak-labelled KashMiner on Kodak’s official stand at the CES technology show in Las Vegas in January. According to Spotlite’s plans, the mining equipment was originally intended to be rented out, with an up-front fee of about $3,400. Customers could then keep…

Hong Kong Trade Finance Will Fight Fraud With a Blockchain-Based Platform

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The Hong Kong Monetary Authority (HKMA) has partnered with Chinese Ping An to release a blockchain-based trade finance platform. The joint effort is expected to speed-up the process and prevent fraud. CCN first reported the Hong Kong’s de facto central bank’s initiative back on March 30. At the time, the bank unveiled a proof-of-concept (PoC) blockchain platform built for trade finance. Initiative Went from 6 Participant Banks to More Than 21 The enterprise initially included participants such as Bank of China (Hong Kong), Deloitte, HSBC, the Bank of East Asia,…

Ethereum (ETH) Technical Analysis

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All in all, there is a recovery in the crypto space and we can see that in the last day alone, the markets have gained more than $15 billion. In that time space alone, Ethereum (ETH) is up six percent and there is room for more not just from a fundamental point of view but from the way technicals are set up. From the News For adoption, then the product must be easily understood and the best way of facilitating this understanding especially amongst beginners is to eliminate industry jargon.…

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

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Altcoins are making a comeback and none stands out like Stellar Lumens gains. CoinBase’s announcement and Tempo’s integration might be behind this but what is clear is that price action now favors buyers. EOS and Litecoin are also recovering and looking to reverse May-June losses while Tron is now handing over their bug bounty program to HackerOne. Overly TRX is registering gains and is actually up five percent in the last day. Let’s have a look at these charts: EOS Technical Analysis EOS Daily Chart by Trading View Unlike most…