September 4, 2018

Australia’s Biggest Stock Exchange Delays Blockchain Integration to 2021

September 4, 2018 boss

The Australian Securities Exchange (ASX) has postponed the integration of its blockchain post-trade settlements system from late 2020 to Q1 2021 in response to concerns from stakeholders. In a report [PDF] published on Tuesday, the ASX said it had received feedback from the industry in response to its initially-proposed timeline targeting a complete revamp of its settlements system by integrating blockchain technology as a replacement to its current Clearing House Electronic Subregister System (CHESS), its core system for the last 25 years. The exchange operator revealed that feedback – from…

Bitcoin’s price shows rare stability after maintaining above $7,200 for three days

September 4, 2018 boss

Towards the end of August and the beginning of September, bitcoin’s price has been able to stay above $7,200 for three days. This stability has not been witnessed in the industry and is considered a positive sign of more gains to come. Additionally, a prominent figure stated that the coin has a 99% chance of succeeding, and may reach $10,000 by November. Based on the evaluation of bitcoin’s price movements from 2017, the coin’s price action in the last three days has shown a rare stability, which may be a…

Bitcoin Price Watch: BTC/USD Facing Crucial Resistance Near $7,325

September 4, 2018 boss

Key Points Bitcoin price stayed above the $7,200 support and made another upside attempt against the US Dollar. There is a short-term bullish trend line in place with support at $7,240 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair is facing a solid resistance near the $7,325 and $7,330 levels. Bitcoin price is trading in a range above $7,200 against the US Dollar. BTC/USD must clear the $7,325 resistance for more gains in the near term. Bitcoin Price Analysis Yesterday, we discussed that bitcoin…

Ethereum Classic Price Analysis: ETC/USD’s Dips Remain Supported

September 4, 2018 boss

Key Highlights Ethereum classic price surged higher this week and traded above $14.00 against the US dollar. There is a crucial bullish trend line formed with support at $13.55 on the hourly chart of the ETC/USD pair (Data feed via Kraken). The pair is currently testing a major support area near $15.50 and it could bounce back. Ethereum classic price climbed higher recently against the US Dollar and Bitcoin. ETC/USD is currently correcting lower, but dips remain supported above $13.50. Ethereum Classic Price Support During the past few sessions, there…

RAM It All: Rising Costs Are Turning EOS Into a Crypto Coder’s Nightmare

September 4, 2018 boss

Compared to ethereum, EOS seems to have scalable dapps figured out. Users of decentralized applications (dapps) on ethereum frequently chafe at the fact that any action – sending a tweet, playing a card, breeding a cat – costs money in the form of “gas” and takes time, as miners hash out the new state of the chain. At first glance, EOS suffers from neither of these issues. There is no fee to send tokens or call a dapp smart contract. And in contrast to ethereum, even when the EOS blockchain is…

RAM It All: Rising Costs Are Turning EOS Into a Crypto Coder’s Nightmare

September 4, 2018 boss

Bitcoin Price Remains Above $7,200 For 3 Days, Where is Market Headed?

September 4, 2018 boss

Since early August, Bitcoin has shown a level of stability it hasn’t seen since early 2017. Throughout this week, bitcoin price has remained above the $7,200 mark. Since Sunday, the cryptocurrency market has not seen any major movement to both the upside and downside, possibly due to the lack of momentum and volume in Bitcoin, Ethereum, and other major cryptocurrencies to initiate a strong mid-term rally. But, the stability shown by Bitcoin could be considered as a positive indicator for mid-term recovery, as it is highly unlikely for any asset,…

Vitalik unveils what he believes will be the solution to the crypto funding problem

September 4, 2018 boss

Vitalik Buterin the Ethereum founder has co-authored a white paper that he believes will offer a solution to the crypto funding problem. The paper is titled Liberal Radicalism: Formal Rules for a Society Neutral among Communities. The paper was co-authored with Zoe Hitzig, a Ph.D. of economics at Harvard and Glen Weyl a Microsoft researcher. It points out at a problem that exists on funding crypto projects due to the existence of free riders. Free riders are described as businesses or people that profit from the under-provision of public goods.…

Coinbase is testing Dublin as part of its aggressive global expansion

September 4, 2018 boss

US cryptocurrency giant Coinbase is testing Dublin as a location for its next office as part of a global expansion drive. The San Francisco-based company, which operates one of the world’s largest cryptocurrency exchanges, is in the process of examining the local market with the support of State development agency IDA Ireland. Coinbase has already begun hiring for a number of roles in the city, including customer support analysts, a compliance officer and an office manager. It incorporated a local subsidiary, Coinbase Ireland Limited, in July. Three of the company’s…

Ripple Price Analysis: XRP/USD Correcting Lower Towards $0.3200 Support

September 4, 2018 boss

Key Highlights Ripple price is slowly declining and it is currently trading below the $0.3400 support against the US dollar. There is a key declining channel in place with resistance at $0.3360 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair may perhaps continue to correct lower and it could test the $0.3200 support. Ripple price is slightly under pressure against the US Dollar and Bitcoin. XRP/USD could revisit the $0.3200 support before climbing higher once again. Ripple Price Decline Yesterday, we discussed about a…