Month: August 2018

Cyprus determined to promote Blockchain Technologies

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Government Spokesman Prodromos Prodromou said ministers agreed to task an ad hoc working group with a mandate to establish a strategy for the development and implementation of Blockchain technologies. “The decision underlines that it is necessary for the state and the public sector to keep up with international developments and advancements in the private sector,” said Prodromou. The working group will be tasked with creating pilot projects while legislative and other initiatives will be under the auspices of the government and the parliament. Blockchain is the technology and methodology that…

Cardano Price Analysis: ADA/USD Could Struggle Near $0.1050

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Key Highlights ADA price corrected lower after trading as high as $0.1089 against the US Dollar (tethered). There was a break below a connecting bullish trend line with support near $0.1030 on the hourly chart of the ADA/USD pair (data feed via Bittrex). The pair tested the $0.0950 support area where buyers protected further declines. Cardano price failed to hold gains and corrected lower against the US Dollar and Bitcoin. ADA/USD could move higher, but it is likely to face resistance near $0.1050. Cardano Price Analysis There was a decent…

China Banned Everything Bitcoin, Video Games Seem To Be Next

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As Bitcoin began its monumental run in 2017, rumors began floating around that China was set to crack down on the nascent crypto market. Eventually, those rumors became reality, with the heavy-handed Chinese government reportedly establishing a blanket ban on crypto trading and ICOs. While the crypto restriction was initially effective, it seems that China’s ban hammer isn’t ready to rest on its laurels just yet, with local regulatory bodies setting its eyes on crypto yet again and apparently video games too. Chinese Regulators Turns Their Eyes On Video Games, Following…

Market Recovers After Drop, WaltonChain Surges 30%

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In the past 24 hours, the Bitcoin price has recovered from $6,800 to $7,000, as buy pressure in the higher region of $6,000 prevented a further fall to mid-$6,000. As bitcoin price rebounded and averted a large drop to $6,500, most tokens and small market cap cryptocurrencies recovered, pushing the valuation of the cryptocurrency market to $227 billion. WaltonChain Spikes 30% Internet of Things (IoT) blockchain network WaltonChain experienced a major spike in value primarily due to the listing of WTC by Bithumb, the second largest cryptocurrency exchange in South…

Yahoo! Finance Rolls Out Bitcoin Core, Ethereum, Litecoin Trading

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“The virus is spreading,” tweeted Morgan Creek Digital’s Founder & Partner Anthony Pompliano at the news Yahoo! Finance (YF) had integrated bitcoin core (BTC), ethereum (ETH), and litecoin (LTC) into their trading platform. He was one of many enthusiasts to insist the event was an important step in the quest for mass cryptocurrency adoption. Also read: Venezuela Loves Dash: Altcoin Surges 30% on Adoption Push Yahoo! Finance Integrates Bitcoin Core, Ethereum, Litecoin Trading “You can now buy Bitcoin, Ethereum, and Litecoin on Yahoo Finance,” Mr. Pompliano announced through his popular…

Ripple Price Analysis: XRP/USD’s Support Turned Resistance at $0.3400

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Key Highlights Ripple price extended its downside move and broke the $0.3400 support area against the US dollar. Yesterday’s highlighted key bullish trend line was broken with support at $0.3405 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair declined towards the $0.3200-50 support area and is currently correcting higher. Ripple price faced an increased selling pressure against the US Dollar and Bitcoin. XRP/USD is moving higher, but the previous support at $0.3400 could act as a resistance. Ripple Price Resistance Yesterday, a short-term downside…

Ethereum Price Analysis: ETH/USD Holding Key $270-275 Support

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Key Highlights ETH price extended decline and traded below the $284 support against the US Dollar before correcting higher. There was a break above a connecting bearish trend line with resistance at $280 on the hourly chart of ETH/USD (data feed via Kraken). The pair must stay above the $270-274 support zone to climb back higher in the near term. Ethereum price is under pressure below against the US Dollar and bitcoin. ETH/USD is still above the $270-274 support, which is a positive sign. Ethereum Price Trend Support Yesterday, there…

Yahoo Finance Now Offers Trading of 4 Cryptos on Its iOS App

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Yahoo Finance, one of the world’s largest news sites for real-time stock quotes and market information, has added a feature allowing cryptocurrency trading on its platform. According to a blog post on Thursday, the company now supports trading of four types of assets – bitcoin, ethereum, litecoin, and dogecoin – on its iOS mobile app. The announcement came amid various tweets online yesterday indicating the service appeared to be also available on the desktop version of Yahoo Finance – although, the feature is not visible on desktop browsers at the moment. Yahoo…

Yahoo Finance Now Allows Trading of 4 Cryptos on Its iOS App

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Yahoo Finance, one of the world’s largest news sites for real-time stock quotes and market information, has added a new feature to allow cryptocurrency trading on its platform. According to a blog post on Thursday, the company has enabled the function on its iOS mobile app, which now supports in-app trading of four types of assets: bitcoin, ethereum, litecoin, and dogecoin. The announcement came amid various Tweets online yesterday indicating the service appeared to be also available on the desktop version of Yahoo Finance. The feature is not visible on desktop browsers…

Future Success of Bitmain Depends on Skilled Management

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A research unit for crypto exchange BitMEX analyzed recent data on Bitmain which was leaked to Twitter earlier this week. According to the report published on BitMEX blog Thursday, August 30, the Chinese mining giant has “legendary” potential, but future success will depend on skilled management. Discussing the source of leaked Bitmain financial data — apparently a Twitter account @brian_trollz — BitMEX states that it has “reason to believe the authenticity of these documents.” According to the research, one of the most interesting discoveries in leaked pre-Initial Public Offering (IPO)…