August 28, 2018

IOTA (IOTUSD) Price Watch: More Bulls Waiting Here

August 28, 2018 boss

IOTA Price Key Highlights IOTA recently rallied past a key resistance at 0.5500 and reached the .7000 area before pausing from the climb. This could mean that a pullback to the area of interest is in order and the Fib tool shows the potential support zones. Price is also moving above an ascending trend line connecting the lows since mid-August. IOTA is on a tear but might need to make a quick correction to gather more bullish energy from here. Technical Indicators Signals The 100 SMA is above the longer-term…

Samsung IT Arm Unveils Blockchain Certification Tool for Banks

August 28, 2018 boss

Samsung SDS, the IT arm of tech giant Samsung, has developed BankSign, a blockchain-based certification tool for banks, according to an official announcement August 27. The development by Samsung SDS is a joint project with the Korea Federation of Banks (KFB). BankSign aims to provide a simple transaction method within various banking systems by requiring certification from only one bank. Certification can be verified on the platform using passwords, fingerprints, or patterns. According to the announcement, BankSign enables customers to acquire a certification that is valid for up to three…

Bitcoin (BTC) Price Watch: Upside Breakout, Quick Pullback?

August 28, 2018 boss

Bitcoin Price Key Highlights Bitcoin price was previously consolidating inside a rising wedge and has just surged past the top. This signals that bulls are ready to charge and push price much higher from here. The wedge spans around $1,000 in height so the resulting move could be of the same size. Bitcoin price made a bullish breakout from its rising wedge pattern to signal that further gains are in the cards. Technical Indicators Signals The 100 SMA is above the longer-term 200 SMA to signal that the path of…

Regulatory Uncertainty and Lack of User Trust Inhibit Blockchain Adoption

August 28, 2018 boss

Regulatory uncertainty and trust are major barriers to blockchain adoption among businesses, according to a study released August 27 by ‘Big Four’ auditing firm PricewaterhouseCoopers (PwC). A new study entitled “Blockchain is here. What’s your next move?” conducted by PwC examined 600 executives in 15 countries on their development of blockchain and opinions about its potential. The countries participating in the survey included Australia, China, Denmark, France, Germany, Hong Kong, India, Italy, Japan, Netherlands, Singapore, Sweden, the UAE, the U.K., and the U.S. Respondents ranked regulatory uncertainty, lack of trust…

Ethereum (ETH) Technical Analysis: Ethereum (ETH) Undervaluation Persists

August 28, 2018 boss

Contrary to sentiment and upbeat expectation from within the crypto market, Ethereum is struggling against sellers. At spot prices, the second largest coin is down four percent. This is amid claims of discontentment by some developers that the Constantinople hard fork deadline and expectations are overwhelming—if not unrealistic. From the News In a bid to contribute towards a more open financial system that helps foster creation of equal opportunities, efficiency and above all economic freedom via cryptocurrency and blockchain, CoinBase will try to evangelize the benefits of crypto and innovate…

The underperformance of Bitcoin Cash

August 28, 2018 boss

The bear market in cryptocurrencies has punished investors who bought bitcoin at the height of cryptomania last year. But losses have been even more brutal for those who invested in once-promising rivals of bitcoin. Consider Bitcoin Cash, an offshoot of bitcoin that launched on August 1, 2017, which moves independently of bitcoin itself. While bitcoin has fallen 68% from its record intraday high of $20,089 in December, Bitcoin Cash is down a crushing 88% from its peak of $4,355.62, according to CoinMarketCap.com. On Thursday, it traded at around $529. Hundreds…

Synthetic Bitcoin Is 100x More Lethal Than the Real Thing

August 28, 2018 boss

Derivatives trading isn’t new, but it’s been enjoying a renaissance of late. As the cryptocurrency market has traded sideways, traders have upped the leverage and rushed to swap BTC derivatives that promise greater risk and reward. While platforms like Bitmex and Deribit have profited from the boom in synthetic assets, many traders have been left high and dry. Also read: Hydroelectric Dam in New York Repurposed as Crypto Mining Farm Derivatives Trading Is a Hazardous Pursuit With Little Margin for Error Bitcoin investing is often portrayed as navigating a bumpy road,…

Randi Zuckerberg Joins Huobi’s Public Blockchain Advisory Committee

August 28, 2018 boss

Randi Zuckerberg, the elder sister of Facebook founder Mark Zuckerberg, has joined the advisory board of cryptocurrency exchange Huobi to develop Huobi’s new public blockchain, according to a recent press release. Zuckerberg, who worked at Facebook for over six years, is also the founder and CEO of Zuckerberg Media. Per the announcement, Zuckerberg, along with the CEO of Chinese mining giant Bitmain Jihan Wu, have been appointed to the Huobi Chain Expert Advisory Committee to provide expert opinions and advice for the Huobi public chain. Experts on the committee provide…

IOTA, EOS, Stellar Lumens, Cardano, Litecoin Price Technical Analysis

August 28, 2018 boss

It’s a ball park four percent gain in the altcoins market with IOTA spearheading the recovery with a 15 percent gain yesterday. Based on price action, we expect a continuation of yesterday’s greens and in that case positives in ADA, Stellar Lumens, IOTA, EOS and even the deep Litecoin which is less than $5 from $50 main support line. Let’s have a look at these charts: EOS Technical Analysis EOS Daily Chart by Trading View Though the EOSIO blockchain is vulnerable to RAM exploitation, the community is always innovating devising…