Day: August 21, 2018

Bitcoin Finds Footing at Current Levels Amid a Quiet Newsflow Week: Week in Review August 20

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After two consecutive bear market weeks, the price of bitcoin closed the week effectively unchanged around the $6,400 mark. In a volatile seven days, bitcoin (BTC) traded in a range between $6,000 and $6,600 but managed to maintain last week’s price level as the week closed. After a couple of difficult weeks for the pioneer cryptocurrency, this price stabilization gives hodlers some relief and hope that the next directional move may be back “to the moon.” Bitcoin-related news flow has been relatively muted with some positives to note. The announcement…

UK: Premier League clubs trial cryptocurrency as experts predict bitcoin will be used in transfer industry

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Premier League football bosses will soon be paying for the best players in bitcoins, it was claimed on Monday night, after seven top-flight clubs launched cryptocurrency trials. Tottenham Hotspur, Leicester City, Newcastle United, Southampton, Cardiff City, Brighton and Crystal Palace have agreed to set up digital wallets with an online trading platform which says it is in “no doubt” the currency will eventually replace sterling in the multi-billion pound transfer industry. The bitcoin system will also help clubs tackle ticket touting and counterfeit merchandising, according to online trading firm eToro, which…

Ethereum Price Analysis: ETH/USD Turned Bearish Below $285-290

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Key Highlights ETH price is under a lot of pressure as it broke the $290 and $285 supports against the US Dollar. There is a major bearish trend line in place with resistance at $282 on the hourly chart of ETH/USD (data feed via Kraken). The pair traded as low as $268 and it is currently correcting higher towards the $285-290 resistance. Ethereum price is under pressure against the US Dollar and bitcoin. ETH/USD broke key supports at $285, opening the doors for more losses. Ethereum Price Decline There was…

Ethereum Classic (ETC) Price Watch: Next Downside Targets

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Ethereum Classic Price Key Highlights Ethereum Classic price looks ready to resume its slide after hitting resistance at an area of interest. Technical indicators are reflecting the presence of selling pressure that could take price down to the next support zones. The Fibonacci extension tool shows the potential downside targets from here. Ethereum Classic price is resuming its slide after hitting resistance at a former support level and area of interest. Technical Indicators Signals The 100 SMA is below the longer-term 200 SMA to indicate that the path of least…

Bitcoin (BTC) Price Watch: More Bears Waiting to Hop On

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Bitcoin Price Key Highlights Bitcoin price broke below its ascending triangle consolidation to signal that more losses are in the cards. Price is finding a bit of support, though, so a pullback may be taking place from here. The Fibonacci retracement tool shows the next potential resistance levels, but technical indicators are signaling more gains. Bitcoin price made a downside break from its triangle pattern and looks ready for a pullback before heading further down. Technical Indicators Signals The 100 SMA is above the longer-term 200 SMA to indicate that…

Bitcoin Cash Price Analysis: BCH/USD Back Bearish Below $550

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Key Points Bitcoin cash price is under a lot of pressure as it broke the $540 support area against the US Dollar. There was a break below a crucial bullish trend line with support at $555 on the hourly chart of the BCH/USD pair (data feed from Kraken). The pair may perhaps continue to move down if sellers manage to push the price below $500. Bitcoin cash price declined below the key support at $540-550 against the US Dollar. BCH/USD is back in a bearish zone towards $500 and $480.…

SALT’s Blockchain HUB on Denver Startup Week 2018

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SALT Blockchain Financial Technology (SALT), the international blockchain company that offers financial services to investors, businesses and consumers, will play host to the most exciting Denver Startup Week kickoff day to date: SALT’s Blockchain HUB. New to Denver Startup Week in 2018, Blockchain HUB is a forum for blockchain professionals, enthusiasts and entrepreneurs to come together in the River North (RiNo) area of Denver to learn, share knowledge and celebrate Colorado’s thriving blockchain community. Taking place from noon until 7 p.m. on Monday, September 24, 2018, SALT’s Blockchain HUB, will feature a…

Premier league clubs to use Bitcoin in Multi-billion transfers industry

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If you are a football fan or follower, you will agree that football transfers are a multibillion-dollar industry and especially the English premier league which is one of the most important football leagues in the world. With premier league clubs to use Bitcoin for transfers, this could open the industry to another set of potential users but also lead to massive capital flow into the space. Yesterday August 20, a decision was made by seven top premier league clubs to use Bitcoin during transfers. The clubs which have shown their…

Experts Discuss Blockchain and Democracy and The ‘Freedom of Money’ at BlockShow Americas

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BlockShow Americas 2018 kicked off this morning in Las Vegas, gathering over 1,500 attendees and 80 speakers from the blockchain industry from more than 50 countries worldwide to discuss the hottest topics that affect the blockchain community. Today, the Main Stage brought into focus governmental initiatives, blockchain’s impact on major industries, and the latest updates on technological and legal aspects, while the Second Stage provided a forum for ideas and conflicting opinions, where companies and global experts challenged each other’s positions. The conference hosts industry leaders and professionals, who shed…

Bitcoin Cash Use in Commerce Sees Significant Decrease

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A review of payments received by the world’s 17 largest crypto exchanges has shown that Bitcoin Cash (BCH) use in commerce has decreased, according to blockchain analytics firm Chainanalysis, Bloomberg reported August 20. A group of analysts from Chainanalysis found that BCH payments dropped to $3.7 million in May from $10.5 million in March, while the volume of Bitcoin (BTC) payments was estimated $60 million in May, down from a high of $412 million in September. Kim Grauer, senior economist at Chainalysis, said in a phone interview with Bloomberg: “There…