Day: August 29, 2018

Bitcoin Price Watch: BTC/USD Buyers In Control, $7,250 Next?

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Key Points Bitcoin price surged higher and broke a key resistance near $7,000 against the US Dollar. There is an important short-term bullish trend line formed with support at $7,010 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair is likely to extend gains above the recent high of $7,132 and it could test $7,200-7,250 in the near term. Bitcoin price is trading with a bullish angle above $7,000 against the US Dollar. BTC/USD buyers are in control and they are now aiming a test…

Blockchain Journalism Startup Civil Strikes Deal With The Associated Press

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Blockchain Journalism Startup Civil Strikes Deal With The Associated Press August 29, 2018 by Ian Edwards Blockchain journalism startup Civil Media Company has agreed to a two-part deal with American news agency The Associated Press (AP). The agreement will include distribution of the AP’s content through Civil’s network of newsrooms and a partnership between the two firms to work together on blockchain-based technology to enforce media licensing rights. Also see: Bitcoin Hits $7,000 Again as ‘Risk-On’ May Be Back On Subscribe to the Bitsonline YouTube channel for great videos featuring industry insiders…

Malta looking to open first Blockchain University

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Blockchain has been gaining traction in Malta Joshua Broggi a researcher from Oxford, wants to open one of the first Blockchain Universities in Malta. The researcher says he is waiting on a few accreditations so he could get the project started. On the 28th of June, the Blockchain Expo 2018 in Amsterdam featured multiple start-ups in the space, moving the Blockchain into an industry. A few companies from Malta caught our attention, because of the interest from Malta on the blockchain technology. Even though the country seems to have a lot…

Cardano Price Analysis: ADA/USD Settles Above $0.10, More Gains Likely

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Key Highlights ADA price climbed further higher and broke the $0.1000 and $0.1050 resistance levels against the US Dollar (tethered). There is a key bullish trend line formed with support near $0.1020 on the hourly chart of the ADA/USD pair (data feed via Bittrex). The pair may retest the $0.1000 support where buyers are likely to take a stand in the near term. Cardano price is placed nicely against the US Dollar versus Bitcoin. ADA/USD is correcting lower, but it could find support near $0.1000 and $0.0970. Cardano Price Analysis…

UAE Startup Launches First-Ever Sharia-Compliant Islamic Crypto Exchange

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Adab Solutions, a UAE-based crypto startup has announced the launch of the First Islamic Crypto Exchange (FICE), the only crypto exchange in the world that is designed to be in compliance with Sharia law. Islam and Crypto According to a report from Trade Arabia, an in-house Sharia Advisory Board (SAB) made up of independent international Sharia experts will be in place to ensure that the exchange achieves full compliance with the tenets of Islamic law at all times. The purpose of the project is to “ensure an enhanced quality of assets…

Blockchain gains ground in Europe’s real estate markets

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As Europe nurtures its ambitions to be a leader in blockchain, the new technology is making small but significant inroads into its real estate markets.  From Sweden to Spain to the UK, more private companies – as well as public bodies – are turning to the fledgling technology, which acts as a shared digital register for transactions made in bitcoin or other cryptocurrencies. By connecting data sources, documents and other types of information, blockchain can improve security, efficiency and transparency within transactions.  So far, it’s the residential markets that are leading…

Ripple Price Analysis: Buy Dips In XRP/USD Above $0.3300

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Key Highlights Ripple price climbed further higher and traded above the $0.3500 resistance against the US dollar. There is a major bullish trend line formed with support at $0.3415 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair is currently correcting lower, but it is likely to find support near $0.3410 and $0.3350. Ripple price is gaining pace against the US Dollar while it is stable vs and Bitcoin. XRP/USD could decline a few points, but buyers remain in control above $0.3300. Ripple Price Support…

Ethereum Price Analysis: ETH/USD Could Correct Towards $285-286

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Key Highlights ETH price traded above the $290 level and almost tested the $300 resistance against the US Dollar. This is an ascending channel in place with support at $291 on the hourly chart of ETH/USD (data feed via Kraken). The pair is likely to correct lower in the near term towards the $286 or $285 support. Ethereum price is moving nicely above $285 against the US Dollar, but stayed bearish vs bitcoin. ETH/USD may well correct lower towards $285 before resuming upsides. Ethereum Price Trend There was a slow…

Moscow’s Government to Use Ethereum to Promote Transparency In Commerce

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Moscow’s government is planning to use ethereum as part of a system for allotting trading spots during weekend farmers markets. The system will record applications submitted by farmers, who compete for a limited number of commercial plots. Some 15,000 trading spots are up for grabs, with the market season stretching between April 20 and November 25 and farmers coming in from Russia, Armenia, Belarus, Kazakhstan and Kyrgyzstan. As might be expected, there’s a push to get a spot, with some 20,000 applicants submitting their bids each year. The idea is…

Three Crypto Firms Ordered to Show Cause by Colorado State Securities Commissioner

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Colorado Securities Commissioner Gerald Rome has ordered three crypto firms alleged of promoting unregistered Initial Coin Offerings (ICOs) to show cause, according to a press release August 28. An order to show cause is a court order that compels a party or individual in a case to justify, prove, or explain something in court. The orders come as part of a state investigation into “what has become a trend of allegedly fraudulent companies looking to make quick money,” according to the press release. The investigations are being conducted under the…