Crypto Wallet Abra Opens Door to More European Users

Crypto wallet and exchange startup Abra is opening up a new channel for deposits: European bank accounts. Residents in the Single Euro Payments Area (SEPA), as well as additional nations in the European Union, can now transfer euros or other national currencies directly to Abra, which in turn deposits bitcoin into users’ digital wallets. Customers can then convert their BTC into one of a number of other cryptocurrencies currently available through the app, the list of which, as of today, now includes ADA, BAT and TRX on top of the 25 coins already…

Ethereum Price Analysis: ETH/USD Preparing For More Gains Above $290

Key Highlights ETH price corrected lower after trading as high as $302.53 against the US Dollar. Yesterday’s highlighted crucial bearish trend line is intact with resistance near $292 on the hourly chart of ETH/USD (data feed via Kraken). The pair is likely to break the trend line and $295 for more gains in the near term. Ethereum price is slightly under pressure against the US Dollar and bitcoin. ETH/USD may perhaps rise again above the $292 and $295 levels. Ethereum Price Support After trading above the $300 level, ETH price…

Monero (XMR) Price Watch: Major Upside Break on Bullish Forecasts

Monero Price Key Highlights Monero was previously trending lower beneath a descending trend line connecting the highs since conception. Price just recently busted through this trend line to signal that a long-term reversal is underway. Technical indicators are still reflecting the presence of selling pressure, though. Monero made a significant upside break from a major descending trend line to signal a huge reversal. Technical Indicators Signals The 100 SMA is below the longer-term 200 SMA to indicate that the path of least resistance is to the downside. In other words,…

Bitcoin (BTC) Price Watch: Nearby Inflection Points to Watch

Bitcoin Price Key Highlights Bitcoin price continues to crawl higher and is moving closer to completing its double bottom. Once completed, price would need to break past the neckline at $8,400 to confirm a long-term uptrend. Corrections from the climb could find support at the short-term rising trend line that held since last month. Bitcoin price is slowly moving up to form a double bottom reversal pattern, and a neckline break could lead to more gains. Technical Indicators Signals The 100 SMA is also completing its bullish crossover from the…

Bitcoin Cash Price Analysis: Can BCH/USD Hold $620 Support?

Key Points Bitcoin cash price is trading in a range above the $600 support against the US Dollar. There is a new contracting triangle formed with support near $620 on the hourly chart of the BCH/USD pair (data feed from Kraken). The pair could decline further below $620 to test the next support near the $600 level in the near term. Bitcoin cash price is consolidating in a range against the US Dollar. BCH/USD is likely to visit the $600 support before it climbs back above $650. Bitcoin Cash Price…

Industrial and Commercial Bank of China To Embrace Blockchain Technology

The Chairman of the Industrial and Commercial Bank of China (ICBC) has said that the bank will focus on blockchain technology development, BiaNews reported September 1. Founded in 1984, the ICBC is reportedly the largest bank in China with over 5,000 corporate and 530 million personal customers. In 2017, the bank focused on the construction of “intelligent banking” and “accelerated deployment in the field of financial technologies.” The ICBC Chairman Yi Huiman reportedly said that the financial institution will focus on innovations in cloud computing, big data, artificial intelligence (AI),…

Major Chinese Insurance Firm to Apply Blockchain Technology via New Partnership

Major insurance firm the People’s Insurance Company of China (PICC) will apply blockchain technology to its operations via a new partnership, according to a September 1 press release. PICC has partnered with blockchain platform VeChain, and a global quality assurance and risk management company DNV GL to make their business more time and cost efficient. Additionally, the new partnership intends to improve fraud prevention, Know your Customer (KYC) compliance, as well as the claims experience. In the announcement, PICC says that blockchain technology will bring digital transformation to the insurance…

Ethereum Futures A Bad Idea

Prospects of ETH Futures might weight negatively on price but it won’t matter. The CFTC would after all have the final say and should they bin it then capital might end up on CME’s BTC futures. Nevertheless, Crypto Facilities of the UK are already offering similar services. All in all, ETH remains stable and accumulating/distributing (depends on how you view it) but should there be a blast in either direction, we might see prices recovering positively to $400 or to the dungeons at $150. From the News Perhaps it because…

Against the ‘Putrid’ Euro, Naples’ Mayor Plans to Launch Autonomous Cryptocurrency

Naples’ mayor, Luigi de Magistris, has posted an impassioned pledge to launch an autonomous municipal cryptocurrency that, he says, would unshackle the city from “anti-southern discrimination” and “unfair” debt, on his Facebook public profile September 2. De Magistris argued for the new currency as part of a threefold plan of action that would reclaim political and fiscal autonomy for Naples — the capital of Italy’s southern Campania region. While yesterday’s rhetoric-laden post did not explicitly outline details, the mayor’s previously discussed plans to launch a municipal cryptocurrency tied to the…

South Korean Gov’t Partnership Begins Training 40+ Blockchain Professionals

South Korea has begun a six-month training course to turn forty-two applicants into “blockchain specialists,” local media report Monday, September 3. Aiming to increase the availability of skilled professionals in South Korea’s burgeoning blockchain economy, the course is the result of a three-way partnership between the Ministry of Technology and ICT, the Korean Standards Association (KSA) and the Hong Kong-based blockchain and IoT startup Waltonchain. The course will focus on preparing participants for “immediate” employment upon completion in January 2019. “We will provide a one-stop support for employment and business…