Day: July 18, 2018

Coinbase Retracts Announcement of Regulatory Approval to List Coins Considered Securities

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Crypto exchange and wallet Coinbase has retracted its previous statement that it received approval from the U.S. Securities and Exchange Commission (SEC) to trade in securities, Bloomberg reports July 18. Last week, Coinbase reported that it could now operate as a broker dealer, offering digital tokens considered to be securities, after its acquisition last month of Keystone Capital Corp., Venovate Marketplace Inc., and Digital Wealth LLC. As reported at the time, the acquisition occurred with the blessing of two regulators: the SEC and Financial Industry Regulatory Authority (FINRA). Coinbase has…

Mastercard Files Patent for Payment System Linking Blockchain Currency, Fiat Accounts

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Mastercard has filed a new patent for consumer protection and payment transactions based on blockchain technology, according to a US Patent and Trademark Office (USPTO) patent filing published July 17. The new patent application includes a new form of a public blockchain-based method for linking assets between blockchain and fiat currency accounts. Mastercard’s patent describes the method for “managing fractional reserves of blockchain currency” as storing fiat currency in one central account with a “blockchain currency” stored in a second. The system would include a “plurality of account profiles, each…

Japanese Internet Giant GMO’s Web Bank Will Use Blockchain for Payments

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Multi-billion-dollar Japanese tech conglomerate GMO has launched a new internet banking business that will use blockchain technology for faster and cheaper payments and financial services. In an announcement [PDF] on Tuesday, the GMO Internet Group confirmed the launch of the GMO Aozora Net Bank in partnership with Aozora Bank Group, a joint-initiative that has been in preparation since July 2016 that will leverage the use of blockchain, artificial intelligence (AI) and Internet of Things (IoT) to provide new financial services through financial technologies. The advent of a cashless society amid…

Bitcoin Price Watch: BTC/USD Poised for More Gains

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Key Points Bitcoin price surged and broke the $6,800 and $7,200 resistance levels against the US Dollar. There is a short-term ascending channel forming with support at $7,400 on the hourly chart of the BTC/USD pair (data feed from Kraken). The BTC/USD pair is currently consolidating gains near $7,500 and it is poised to extend upsides. Bitcoin price climbed above the $7,500 level against the US Dollar. BTC/USD may correct a few points, but it remains in an uptrend above $7,120. Bitcoin Price Analysis Bitcoin price traded further higher and…

Cardano Price Analysis: ADA/USD Surging Towards $0.20

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Key Highlights ADA price climbed higher and broke the $0.1500 and $0.1700 resistance levels against the US Dollar (tethered). There is a crucial bullish trend line in place with support at $0.1600 on the hourly chart of the ADA/USD pair (data feed via Bittrex). The pair may perhaps continue to move higher and it could revisit the $0.2000 resistance zone. Cardano price is surging against the US Dollar, Ethereum and Bitcoin. ADA/USD remains in a solid uptrend and it might accelerate further higher. Cardano Price Analysis After a minor dip,…

Ripple Price Analysis: XRP/USD Accelerating Above $0.5200

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Key Highlights Ripple price rocketed higher and broke the $0.5000 and $0.5200 resistance levels against the US dollar. There is a major bullish trend line in place with support at $0.4920 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair is currently correcting lower, but it remains supported near $0.5100 and $0.5000. Ripple price broke key resistances against the US Dollar and Bitcoin. XRP/USD is now placed in a bullish trend with supports above $0.5000. Ripple Price Trend There was a sharp upside move in…

Ethereum Price Analysis: ETH/USD Surging Above $500

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Key Highlights ETH price surged higher and cleared a few important resistances near $500 against the US Dollar. Yesterday’s highlighted important bullish trend line is active with support at $480 on the hourly chart of ETH/USD (data feed via Kraken). The pair is placed nicely above the $500 level and it is likely to accelerate higher in the near term. Ethereum price is gaining momentum against the US Dollar and Bitcoin. ETH/USD is surging and it could soon break the $525 level for more upsides. Ethereum Price Trend Yesterday, there…

Bitcoin Cash (BCH) Price Watch: Ready for Uptrend Confirmation?

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Bitcoin Cash Price Key Highlights Bitcoin Cash also formed a double bottom reversal pattern and appears to be inching past the neckline. In that case, this could confirm that bulls are back in the game and ready to take price much higher from here. Technical indicators are still reflecting the presence of bearish pressure, though. Bitcoin Cash is attempting to break past the neckline of its reversal pattern to signal that an uptrend is in the cards. Technical Indicators Signals The 100 SMA is still below the longer-term 200 SMA…

Bitcoin (BTC) Price Watch: Bullish Pattern Confirmation!

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Bitcoin Price Key Highlights Bitcoin price finally broke above the neckline of its inverse head and shoulders pattern to signal that a rally is underway. The chart pattern is around $1,000 tall so the uptrend has room to go, but a pullback might take place. Technical indicators are showing mixed signals while sentiment favors more bitcoin price gains. Bitcoin price made a strong upside break from the neckline of its inverse head and shoulders pattern. Technical Indicators Signals The 100 SMA just crossed above the longer-term 200 SMA to indicate…

Bitcoin Cash Price Analysis: BCH/USD Could Test $900

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Key Points Bitcoin cash price surged higher and broke a major resistance near $850 against the US Dollar. Yesterday’s highlighted key bullish trend line is intact with support near $810 on the hourly chart of the BCH/USD pair (data feed from Kraken). The pair is likely to accelerate gains above the $875 level and it could test $900 in the near term. Bitcoin cash price rocketed higher and broke the $850 barrier against the US Dollar. BCH/USD remains in a major uptrend and it could test $900. Bitcoin Cash Price…