Day: August 30, 2018

Ethereum Price Analysis: ETH/USD Approaching Crucial Buy Zone Near $280

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Key Highlights ETH price corrected lower from the $298.31 high and declined below $290-291 against the US Dollar. There was a break below a key bullish trend line with support at $294 on the hourly chart of ETH/USD (data feed via Kraken). The pair is now trading near a couple of important support levels around $283 and $280. Ethereum price is correcting lower against the US Dollar, but remains bearish vs bitcoin. ETH/USD must stay above $280-283 to bounce back in the near term. Ethereum Price Support Yesterday, we saw…

Nchain Publishes Bitcoin SV Alpha Release

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Over the course of the last two weeks, many Bitcoin Cash (BCH) proponents were waiting for the firm Nchain to publish its Bitcoin SV codebase. Then on Wednesday, August 29, the company published its alpha release in order to show the code to miners and pool operators. Moreover, a mining pool called ‘SV Pool’ was also announced which will allow miners to point their hashrate at the SV client. Also Read: Free Keene Activists Launch Tip-Card Creator Called Cryptotip.org Nchain Releases Bitcoin SV Alpha Client Initially Nchain had promised its open…

PwC and Deloitte revealed blockchain adoption survey

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Surveys of corporate executives by two professional services consultancies this week revealed enterprises are on the path to deploying blockchain ledgers for business automation and transaction efficiency. The survey reports, from PwC (PricewaterhouseCoopers) and Deloitte, showed that thousands of respondents are running blockchain projects, and as many as one in three already have it in production. PwC’s report, published on Monday, revealed that 84% of 600 executives surveyed indicated their companies are “actively involved” with blockchain: 20% are in the research phase, 32% are in development mode, 10% are in pilot…

Bitcoin Cash Price Analysis: BCH/USD Holding Key Support at $540

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Key Points Bitcoin cash price attempted another upward move, but it failed near the $570 resistance against the US Dollar. This week’s followed important bullish trend line with support at $545 is intact on the hourly chart of the BCH/USD pair (data feed from Kraken). The pair is currently placed well above the $540 support and is facing a key resistance near $565. Bitcoin cash price is trading nicely above the $540 support against the US Dollar. BCH/USD must break $560 and $570 for a fresh weekly high. Bitcoin Cash…

Crypto Exchange Huobi Acquires Public Firm for $70 Million

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Crypto exchange Huobi has become the largest shareholder of a public firm listed in Hong Kong, inching a step closer to a possible back-door listing. Pantronics Holdings, the acquired firm, released a statement on Aug. 29 saying Huobi Group had completed the deal by purchasing about 199 million of its shares via two of the group’s subsidiaries – Huobi Capital and Huobi Universal. With that amount, Li Lin, chairman of Huobi Group and controller of the two subsidiaries, now owns 66.26 percent of Pantronics and is effectively the largest individual substantial shareholder.…

Another Indian Bitcoin Scam Mastermind Arrested after Swindling Investors

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According to The Indian Express, Amit Bhardwaj, the Bitcoin scam mastermind, threw expensive parties and investor summits in Dubai and Macau only to deceive his investors of their funds. Bitcoin Scammer Tricks Investors by Throwing Lavish Parties Three of the 16 investors who lodged a complaint with the Chandigarh Police stated that they were cheated of almost Rs15 Crore (approximately $2.1 million). Amit Bhardwaj, and his brothers Vivek Bharadwaj, Pankaj Adhlakha, and Hemant Bhope have received arrest warrants from the Tihar Jal and have been in police custody since August…

OpenFinance Launches Regulated Alternative Trading System for Securities Tokens

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OpenFinance, a security token trading platform, has launched a regulated alternative trading system (ATS) for security tokens, according to information shared with Cointelegraph August 29. In the U.S. and Canada, an ATS is a non-exchange trading venue that that matches buyers and sellers to find counterparties for transactions. They are usually regulated as broker-dealers instead of as exchanges. In an email, Juan Hernandez, CEO at the U.S.-based OpenFinance, confirmed to Cointelegraph that the company has created the trading system, noting that the official press release will appear later on the…

Bitcoin (BTC) Price Watch: Make or Break at $7,000

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Bitcoin Price Key Highlights Bitcoin price is once again attempting to break past the key $7,000 barrier on its climb. If it does, bullish pressure could kick in and complete the formation of a long-term double bottom reversal pattern. The pattern’s neckline would be at the $8,400 mark and a break higher could spur a prolonged rally. Bitcoin price is back to the key $7,000 mark and a strong upside break could confirm that a big rebound is in order. Technical Indicators Signals The 100 SMA is below the longer-term…

California State Legislature Passes Bill to Establish Blockchain Working Group

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California’s AB 2658, a bill that calls for the establishment of a working group on blockchain technology, has passed both houses of the state legislature and will now head to the governor for approval, according to public documents. The bill would would define blockchain as “a mathematically secured, chronological, and decentralized ledger or database,” and requires the Secretary of the Government Operations Agency to form a blockchain working group on or before July 1, 2019. Per the bill, the group should consist of participants from both technology and non-technology industries,…

Bitcoin Cash (BCH) Price Analysis: Bitcoin Cash Existential War

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Over time, it has been proven that Bitcoin Cash (BCH) theatrics are head line makers. However, this time round, the topic of discussion—whether or not to hard fork is existential. Bitcoin SV and Bitcoin ABC are diverging on how best to upgrade the network. what they disagree is block size increment and reactivation of Satoshi operation codes. As the drama rolls on, prices are stalling. At the time of press, BCH is down two percent in the last day. However, it is up seven percent on a weekly basis. The…