Africa-based Startup Treon Determined to Bring the True Value of Blockchain in the Developing World

ADVERTISEMENTS Treon (TXO), provider of a “Utilities Token” that securely and seamlessly enables consumers around the world, including the unbanked, to easily manage and pay for their telecom, energy, and water usage, recently delivered a keynote presentation at Bloconomic: Blockchain Economic Summit in Kuala Lumpur, before an audience of technical and financial leaders and related press. The keynote was presented by Khaled Khorshid, Co-Founder | Technology and Hesham El Metainy Co-Founder | Strategy & Commercial for Treon and described their goal of realizing the true value of blockchain technology where…

Ethereum Classic Price Analysis: ETC/USD Eyes Upside Break above $13

Key Highlights Ethereum classic price formed a support base near $12.00 and moved higher against the US dollar. There was a break above a contracting triangle with resistance at $12.58 on the hourly chart of the ETC/USD pair (Data feed via Kraken). The pair has moved into a bullish zone and it could continue to move higher towards $13.00 and $13.50. Ethereum classic price is gaining traction against the US Dollar and Bitcoin. ETC/USD is placed nicely above $12.50 for more gains in the near term. Ethereum Classic Price Support…

Samsung Launches Blockchain Certification Platform for Korea’s Banks

Samsung, under its IT arm Samsung SDS Co., has unveiled its blockchain based platform, BankSign, to allow people to make transactions at different banks more easily. The Korea Federation of Banks (KFB) launched BankSign in June as a way to allow domestic retail banks to strengthen their verification systems by digitizing both mobile and online banking. The platform allows customers to make transactions using the mobile banking systems of different banks. The user can conduct transactions at different banks with just one bank’s certification. Versatile Certifications Because blockchain technology minimizes…

Samsung Launches Blockchain Certification Platform for Korea’s Banks

Samsung, under its IT arm Samsung SDS Co., has unveiled its blockchain based platform, BankSign, to allow people to make transactions at different banks more easily. The Korea Federation of Banks (KFB) launched BankSign in June as a way to allow domestic retail banks to strengthen their verification systems by digitizing both mobile and online banking. The platform allows customers to make transactions using the mobile banking systems of different banks. The user can conduct transactions at different banks with just one bank’s certification. Versatile Certifications Because blockchain technology minimizes…

Ripple Price Analysis: XRP/USD Turned Bullish Above $0.3300

Key Highlights Ripple price broke the $0.3250 and $0.3300 resistance levels to move into a bullish zone against the US dollar. There is a connecting bullish trend line formed with support at $0.3260 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair formed an intraday high at $0.3436 and it is currently correcting lower towards $0.3320. Ripple price is positioned nicely in a bullish zone against the US Dollar and Bitcoin. XRP/USD dips remain supported around the $0.3320 and $0.3300 levels in the near term.…

Is Social Trading the Next Big Thing?

The penetration and adoption of the internet have made it the go-to tool for all social interactions, with people both known and unknown. Social media, a relatively new umbrella term has become common talk ever since Facebook, Twitter and other “social media” platforms came into existence. These platforms have empowered people in more ways than one can imagine. To give an example, people are no longer dependent on mainstream media for the latest news. People everywhere can readily report what’s happening around them, in close to real-time, whether it be…

Ethereum Price Analysis: Can ETH/USD Hold Gains Above $275?

Key Highlights ETH price gained traction and traded above the $277 and $280 resistance levels against the US Dollar. Yesterday’s discussed important bearish trend line was cleared with resistance near $273 on the hourly chart of ETH/USD (data feed via Kraken). The pair traded as high as $288.58 and it is currently correcting lower towards $278-280. Ethereum price is slowly moving into a positive zone against the US Dollar and bitcoin. ETH/USD must stay above the $275 support to bounce back in the near term. Ethereum Price Support Zone Yesterday,…

Report Finds Mining Activity and Bitcoin Exchange Development in North Korea

A report by South Korea’s state-run Korea Development Bank (KDB) suggests that North Korea has been mining cryptocurrencies, according to local media. In addition, a technology firm in the country is developing an exchange platform for bitcoin, while average citizens of North Korea have little knowledge of cryptocurrency, the report claims. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space Mining Activity A research unit of South Korea’s state-run Korea Development Bank (KDB) has compiled a report suggesting that North Korea has been mining cryptocurrencies, Yonhap News Agency detailed Monday.…

Blockchain Will Replace Existing Technology

JP Morgan CIO Lori Beer said at a press conference in Buenos Aires that blockchain will “replace existing technology” in a few years, according to Argentinian website Cripto247 August 23. “We will see a greater and wider use of blockchain […] In a few years blockchain will replace the existing technology, today it only coexists with the current one,” Beer said. Beer explained to Cripto247 that JP Morgan uses blockchain technology to “simplify the payment process and to store customers’ information related to KYC (Know Your Customer) policy.” She added…

Bitcoin Cash Price Analysis: BCH/USD Is Back In Bullish Zone Above $540

Key Points Bitcoin cash price traded higher and broke two important resistances at $530 and $540 against the US Dollar. Yesterday’s highlighted key bearish trend line was breached with resistance at $527 on the hourly chart of the BCH/USD pair (data feed from Kraken). The pair traded as high as $555 and it is currently correcting lower towards the $540 support. Bitcoin cash price is gaining momentum above $540 against the US Dollar. BCH/USD may correct lower, but dips remain supported near $540 and $530. Bitcoin Cash Price Supports Yesterday,…