Day: August 30, 2018

Cryptocurrency Is Scoring In The Football Industry

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It is just the start of the revolution but already we are seeing cryptocurrencies and blockchain technology having huge impacts on many different industries. The football industry is already been influenced by crypto due to many sponsorship deals happening between gambling companies and clubs. This new tech will help to bring in even more revenue to clubs around the globe but that’s not the only thing that it will transform. Related: UK: Leicester City and FansUnite partnership in another blockchain sports betting deal in Premier League It is not just…

Bitcoin’s Price Pullback Risks Bear Revival Below $6.9K

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Bitcoin (BTC) bulls need to defend key support at $6,905, else the short-term bullish outlook would be invalidated. At press time, the leading cryptocurrency is trading at $6,920 on Bitfinex – down 2 percent on a 24-hour basis. The pullback from the previous day’s high of $7,139 does not come as a surprise, as the 21 percent rally witnessed in the last two weeks was looking overstretched yesterday. However, the short-term bullish case would weaken if the cryptocurrency finds acceptance below the 100-day moving average (MA) of $6,905. Daily chart BTC…

Bitcoin Cold Storage in DNA

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Savvy Bitcoiners know: whoever controls keys and passphrases, controls the coins. As cryptocurrency becomes part of everyday life and investment, enthusiasts are increasingly searching for unique, secure ways to store access to their digital assets. Enter Carverr, the startup claiming to keep passwords and keys in a microtube of deoxyribonucleic acid (DNA). It’s just so crazy sounding it might work.   Also read: Venezuela Loves Dash: Altcoin Surges 30% on Adoption Push Store Bitcoin Passwords in DNA Some keep them on hard drives; others, paper, separated, and in two locations.…

Firms in Singapore and China to Benefit from Blockchain Innovation Fund

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Chinese and Singaporean companies operating within the fields of ICT and media have received a boost with the launch of a new fund to support collaborations among them. The China-Singapore ICM Joint Innovation Development Fund covers technologies such as blockchain, Internet of Things (IoT), artificial intelligence, augmented reality and robotics. History of Collaboration A report From Singapore Business Times reveals that the fund supports the joint development and deployment of projects in either country, under the framework of a new Memorandum of Understanding between Enterprise Singapore with the Infocomm Media…

Bitcoin adoption increases despite negative predictions by Wall Street broker

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Square, a digital payments firm recently won a patent for a payment network that allows merchants to accept payments in bitcoin and othercryptocurrencies. This is among the recent events that prove increased bitcoin adoption that has seen the coin’s price experience more gains despite negative predictions by Jordan Belfort. In a series of interviews with CNBC, Jordan Belfort, whose crimes formed the plot of the Hollywood film, the wolf of wall street, stated that bitcoin could be worthless by the end of 2018 and that it will be “the bust…

Korea’s Jeju Island Appeals to President in Push for ICO Hub Status

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The governor of South Korea’s Jeju island is maintaining his push to turn the autonomous region into a blockchain and initial coin offering (ICO) free zone. On Thursday, South Korean provincial governors hosted a meeting with President Moon Jae-in to discuss job creation in the country. In his remarks, Governor Won Hee-ryong of the Jeju province proposed to the president that the island should be designated as a special hub for blockchain to allow companies to conduct ICOs, as CoinDesk Korea reports. Won argued that, by doing so, the region would…

Bitcoin Price Watch: Here is Why BTC/USD Remains in Uptrend

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Key Points Bitcoin price corrected lower after setting a new weekly high around $7,130 against the US Dollar. Yesterday’s discussed significant bullish trend line is intact with support at $6,920 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair remains well supported near the $6,920 and $6,850 levels in the near term. Bitcoin price dipped a few points to test the $6,920 support against the US Dollar. BTC/USD remains in uptrend as long as it is above $6,775. Bitcoin Price Analysis Yesterday, we saw a…

Ethereum Classic Price Analysis: ETC/USD Could Rebound From $12.75

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Key Highlights Ethereum classic price formed a high at $13.37 and declined below $13.00 against the US dollar. There is a major bullish trend line in place with support at $12.75 on the hourly chart of the ETC/USD pair (Data feed via Kraken). The pair could bounce back after testing the $12.75 support and the 100 hourly simple moving average. Ethereum classic price is correcting lower against the US Dollar and Bitcoin. ETC/USD must hold the $12.75 support to resume its upside move in the near term. Ethereum Classic Price…

Ethereum’s October Upgrade Could Be $29 Billion Blockchain’s Biggest Test Yet

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Hard forks are never easy. By definition, such system-wide upgrades require every software user to upgrade to new rules near-simultaneously, meaning there’s coordination difficulties that need to be overcome to ensure the code continues to operate as designed. Still, in a upcoming October upgrade named Constantinople, ethereum is faced with a unique challenge — how to find a balance between a web of diverse stakeholders, each battling for different outcomes. Making matters more complex, there’s a hard deadline for the upgrade, currently set for October. Predicted sometime in early 2019, a…

Ripple Price Analysis: XRP/USD Remains Supported Above $0.3300

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Key Highlights Ripple price started a downside correction after trading as high as $0.3581 against the US dollar. There is a crucial bullish trend line in place with support at $0.3410 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair is currently testing the trend line and the $0.3400 support area with positive signs. Ripple price is trading above key supports against the US Dollar and Bitcoin. XRP/USD is likely to bounce back as long as it is above $0.3300 and $0.3310. Ripple Price Support…