Day: September 5, 2018

PR: Bitcoin Depot Launches 20 Crypto ATMs in Southern California

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This is a paid press release, which contains forward looking statements, and should be treated as advertising or promotional material. Bitcoin.com does not endorse nor support this product/service. Bitcoin.com is not responsible for or liable for any content, accuracy or quality within the press release. As the Bitcoin ATM revolution continues to change markets, industries, and the masses’ relationship with digital currency, one company has established itself as a vital component to cryptocurrency adoption; that company is Bitcoin Depot. Cash is no longer king, as crypto-ATMs are looking to convert…

Bitcoin Price Watch: BTC/USD’s Resistance Turned Support

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Key Points Bitcoin price climbed further higher and tested the $7,400 resistance area against the US Dollar. There is a major ascending channel in place with support at $7,290 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could dip a few points, but the previous resistance near $7,300-25 is likely to hold losses. Bitcoin price traded to a new weekly high near $7,405 against the US Dollar. BTC/USD is correcting lower, but dips near $7,290 and $7,325 remain supported. Bitcoin Price Analysis In the…

Cardano Price Analysis: ADA/USD Slowly Climbing Toward $0.1100

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Key Highlights ADA price found support above the $0.1000 level and it is currently moving higher against the US Dollar (tethered). There is a major bullish trend line in place with support at $0.1050 on the hourly chart of the ADA/USD pair (data feed via Bittrex). The pair is likely to move higher towards the $0.1080 and $0.1100 resistance levels. Cardano price is slowly rising against the US Dollar and Bitcoin. ADA/USD could continue to move higher towards the $0.1100 level in the near term. Cardano Price Analysis There was…

EU lawmakers want to standardize ICO rules across Europe

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Yesterday members of the European Parliament held a meeting. In it, they discussed a proposal that aims to standardize ICO rules across Europe. If it’s approved, it will create new regulations that govern initial coin offerings in the region. The members were from the All-Party Innovation group which exists within the EU parliament. They discussed potential issues and benefits with rules for ICOs. This will set the framework for crowdfunding. Ashely Fox was in charge of writing the proposal. He proposed an 8 million euro cap on all token sale…

Ripple Price Analysis: XRP/USD Continues To Grind Lower

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Key Highlights Ripple price declined steadily and broke the $0.3350 support area against the US dollar. Yesterday’s highlighted major declining channel is intact with resistance at $0.3340 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair is likely extend the current decline towards the $0.3260 and $0.3220 levels in the near term. Ripple price is trading lower against the US Dollar and Bitcoin. XRP/USD could drop further as long as the price is below the $0.3400 resistance. Ripple Price Resistance In the past two analysis,…

ASX Probes Penny Stock Seeking to Raise $15 Million in an ICO

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The Australian Securities Exchange (ASX) has launched a probe into an IT firm behind a listed penny stock seeking to raise $15 million via an initial coin offering (ICO) for the launch of a cryptocurrency exchange. Called Byte Power Group (BPG), the public firm issued a statement on Wednesday with answers to a total of 17 questions raised by the ASX requiring the firm to provide details on its intended token sale, disclosed on July 19. Based on a release at the time, BPG aims to issue a total of 1 billion Byte…

Ethereum Price Analysis: ETH/USD Moving Lower Within Range

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Key Highlights ETH price failed to gain traction above $292-295 and declined recently against the US Dollar. This week’s followed important bearish trend line is still in place with resistance near $288 on the hourly chart of ETH/USD (data feed via Kraken). The pair has to break the $288 and $290 resistance levels to gain momentum in the near term. Ethereum price is facing crucial hurdles against the US Dollar and bitcoin. ETH/USD buyers must gain traction above $290 to push the price higher. Ethereum Price Resistance There were many…

How blockchain can bolster land, water, spectrum and energy management

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Blockchain offers federal and state governments a powerful opportunity to reform public markets and costly economic systems such as land, water, spectrum and energy management – without the need for central control – according to experts and speakers at a recent national seminar series on Blockchain. Much of the public attention around blockchain has been focussed on the crypto-currency, bitcoin. But the seminar heard the real interest for government is blockchains ability to share trusted transactional data between agencies and jurisdictions, without any one agency having to control the system. Each agency…

Ethereum (ETH) Price Watch: Back in Consolidation After Rejection at $300

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Ethereum Price Key Highlights Ethereum price recently broke out of a small symmetrical triangle but has slumped back in consolidation. A larger symmetrical triangle has formed and is still intact while price tests support. Technical indicators suggest that the floor might still hold, but bullish pressure seems to be fading. Ethereum recently attempted to break past the $300 mark after a triangle breakout, but it has slumped back to consolidation. Technical Indicators Signals The 100 SMA is above the longer-term 200 SMA on this time frame to signal that the…

Bitcoin Cash Price Analysis: BCH/USD Consolidating Above $600

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Key Points Bitcoin cash price remained in a tight range above the $600 barrier against the US Dollar. There is a major bearish trend line in place with resistance at $648 on the hourly chart of the BCH/USD pair (data feed from Kraken). The pair is forming a solid support on the downside near the $605-615 zone. Bitcoin cash price stayed above the $600 support against the US Dollar. BCH/USD must surpass the $645-650 zone for more upsides in the near term. Bitcoin Cash Price Resistance There was no major…