Day: September 7, 2018

Crypto Giant Huboi Partners Singapore Trade Union to Promote Blockchain Skills

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Huobi Group has announced a partnership with Singapore’s National Trading Union Congress (NTUC) Learning Hub to launch a joint effort to promote blockchain education via a series of courses focused on the nuts and bolts of blockchain and distributed ledger technology. According to a press release shared with CCN, the joint venture aims to introduce people with interest in cryptocurrency or financial technology to the core fundamentals of bitcoin and blockchains, intending to exposing them to the practical uses of the world’s premier cryptocurrency. Catching Up Research figures indicate that…

Australian Watchdog to Apply Market Rules to Crypto Exchanges

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A top Australian financial regulator has indicated it will take a new approach when regulating cryptocurrency exchanges, as well as tighten scrutiny of initial coin offerings (ICOs),. In its a corporate plan for 2018–2022, released Friday, the Australian Securities and Investments Commission (ASIC) outlined its areas of focus for the period. Top of that list is to continue “monitoring threats of harm from emerging products” such as ICOs and cryptocurrencies. Further, for 2018 and 2019, ASIC said it is developing a new framework that will apply “the principles for regulating market infrastructure providers…

Bitcoin Price Watch: BTC/USD Buyers Could Struggle Near $6,620

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Key Points Bitcoin price slowly recovered after trading as low as $6,249 against the US Dollar. There is a bearish flag forming with current resistance at $6,600 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair is likely to face heavy selling interest near the $6,600 and $6,620 resistance levels. Bitcoin price recovered above the $6,420 level against the US Dollar. However, BTC/USD buyers are likely to struggle near the $6,620 resistance zone. Bitcoin Price Analysis Yesterday, we saw a monster decline from well above…

Cardano Price Analysis: ADA/USD Recovery Could Be Capped Near $0.092

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Key Highlights ADA price declined recently and broke the $0.1000 and $0.0920 support levels against the US Dollar (tethered). A recovery is under way inside an ascending channel with resistance at $0.0915 on the hourly chart of the ADA/USD pair (data feed via Bittrex). The pair could correct higher, but it may face sellers near $0.0920 or $0.0940 in the near term. Cardano price faced a solid selling interest recently against the US Dollar and Bitcoin. ADA/USD is correcting higher, but it could face many hurdles near $0.092. Cardano Price…

The role of blockchain technology in the medical device space

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Most people are familiar with blockchain technology because of its use in cryptocurrency, but its use is going to be far more widespread than just as a ledger for digital currency. Blockchain technology is expanding into almost anywhere that information is stored, and companies are filing increasing numbers of blockchain-related patent applications each year. Blockchain technology has numerous applications, including in the medical device industry.  In a recent report on the outlook for medical devices in 2030, KPMG outlines potential clinical, regulatory, manufacturing, distribution, and marketing applications of blockchain in the medical…

Ripple Price Analysis: XRP/USD Facing Key Resistance Near $0.3120

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Key Highlights Ripple price recovered nicely after trading as low as $0.2700 against the US dollar. There are two bearish trend lines in place with resistance at $0.3080 and $0.3120 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair could correct further higher, but it could face a strong resistance near $0.3120. Ripple price has recovered nicely against the US Dollar and Bitcoin. XRP/USD is now facing key resistances near the $0.3100 and $0.3120 levels. Ripple Price Recovery After trading towards the $0.2700 level, Ripple…

Ethereum Price Analysis: ETH/USD Could Correct Towards $240

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Key Highlights ETH price found support near the $209 level and later corrected higher against the US Dollar. There was a break above a short-term bearish trend line with resistance at $226 on the hourly chart of ETH/USD (data feed via Kraken). The pair is likely to extend the current correction towards the $238 and $240 resistances. Ethereum price is slowly correcting higher against the US Dollar and bitcoin. ETH/USD could correct further higher towards the $240 resistance in the near term. Ethereum Price Correction Recently, there was a sharp…

Robinhood Plans to Launch IPO, Seeks CFO Amid Audits From Regulators

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Stock and cryptocurrency trading platform Robinhood is planning to launch an Initial Public Offering (IPO), for which the company is looking for a chief financial officer (CFO), TechCrunch reported September 6. In an interview with TechCrunch, Robinhood CEO Baiju Bhatt said that the startup has begun to search for a CFO, and is undergoing a spate of audits from the U.S. Security and Exchange Commission (SEC) and the Financial Industry Regulatory Authority (FINRA) in order to ensure regulatory compliance. Robinhood began offering trading services for cryptocurrencies in February of this…

Crypto and Stock Trading Startup Robinhood Is Eyeing an IPO

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Mobile investment app Robinhood, which launched a zero-commission cryptocurrency trading service early this year, is now searching for a chief financial officer as it prepares for an initial public offering (IPO). Speaking at a TechCrunch event on Thursday, Robinhood CEO Baiju Bhatt revealed that the firm is “actively looking for a CFO right now” as he confirmed going public is “definitely” in the company’s plan in the medium- to long-term. He added: “Being a public company I think aligns very closely with our mission as well. And it’s definitely on the horizon,…

Bitcoin (BTC) Price Watch: More Bears Waiting to Join In?

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Bitcoin Price Key Highlights Bitcoin price recently made a sharp tumble, breaking below an ascending trend line connecting the lows since mid-August. Applying the Fib retracement tool on the latest swing high and low shows that the 61.8% level lines up with the broken support. Technical indicators are suggesting a potential pickup in bullish momentum. Bitcoin price could be ready to make a pullback from its recent slide, and the Fib tool shows potential resistance levels. Technical Indicators Signals The 100 SMA is above the longer-term 200 SMA to indicate…