Day: September 14, 2018

‘Nerdy’ Australian PM Pushes Blockchain ‘Agenda’ to Take On Big Banks

boss

Australia’s newly-elected Prime Minister Scott Morrison is pushing his agenda of backing blockchain technology to disrupt and bring “much tougher competition” to the big banks and other sectors in the country. Speaking to reporters within weeks of being sworn in as Australia’s newest prime minister, Scott Morrison was asked [full clip below] about his position on cryptocurrencies in the financial system. The question: “Would you accept the innovation of cryptocurrencies to ease some of the inefficiencies in the banking sector?” In response, the former treasurer claimed to have done his research…

‘Nerdy’ Australian PM Pushes Blockchain ‘Agenda’ to Take On Big Banks

boss

Australia’s newly-elected Prime Minister Scott Morrison is pushing his agenda of backing blockchain technology to disrupt and bring “much tougher competition” to the big banks and other sectors in the country. Speaking to reporters within weeks of being sworn in as Australia’s newest prime minister, Scott Morrison was asked [full clip below] about his position on cryptocurrencies in the financial system. The question: “Would you accept the innovation of cryptocurrencies to ease some of the inefficiencies in the banking sector?” In response, the former treasurer claimed to have done his research…

Build enterprise blockchain-based applications in days with Platform 6

boss

Today at BlockWorld Conference, Amalto, a leading provider of B2B document exchange and transaction management solutions, announced the launch of the Early Adopter Program of Platform 6, their enterprise application platform. Platform 6 enables developers, integrators, startups and IT organizations to quickly and easily create blockchain-based transactional applications. Platform 6 is blockchain-agnostic and provides all the off-chain features and services required to develop, package and run enterprise-class decentralized applications. Platform 6 was initially developed to solve process automation and B2B transaction challenges for enterprises including Chevron, GE, Iron Mountain, Suez,…

Bitcoin Price Takes a $200 Tumble After Eight-Day Highs

boss

Having eased from eight-day highs, bitcoin (BTC) price could be in for a minor bout of consolidation, before further upside unfolds. The cryptocurrency rose to $6,596 earlier today on Bitfinex – the highest level since Sep. 6 – adding credence to the short-term bullish reversal signaled by the symmetrical triangle breakout earlier this week. However, despite the strengthening bullish case, the corrective rally has stalled. At press time, BTC is changing hands at $6,450, having printed an intraday low of $6,355 a few minutes ago. While the sudden price pullback…

Overall sentiment in the market shifts as Ethereum’s price gains 14%

boss

On Thursday morning, cryptocurrency enthusiasts had a reason to smile as the market saw a resurgence in buying pressure, which in turn, made the overall sentiment in the market to shift. This led to the majority of digital currencies such as Ethereum, experience significant price changes. The cryptocurrency market has been making history for all the wrong reasons of late, most notably by recently surpassing the plunge of the infamous Dot-Com bubble in the early 2000’s. However, the market seems to always make a sudden come back at the point…

Hong Kong Jeweler Introduces Blockchain App for Diamond Authentication

boss

Hong Kong jewelry company Chow Tai Fook has partnered with Gemological Institute of America (GIA) to create a blockchain-based app that will enable customers to ascertain the origin and authenticity of stones purchased. This development brings closer the blockchain implementation processes to regular individuals through a more conversant user interface, the app. Provenance Using Blockchain Transparency and the ability for stored data to remain eternally immutable are some of blockchain qualities that set it apart as an exceptional piece of technology. The application of these qualities in storing and tracking…

Bitcoin Price Watch: BTC/USD Could Correct Lower To $6,400

boss

Key Points Bitcoin price traded further higher above the $6,450 and $6,510 resistances against the US Dollar. There is a short term ascending channel in place with support at $6,505 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair is likely forming a double top pattern near the $6,600 resistance. Bitcoin price gained traction above $6,450 and tested $6,600 against the US Dollar. BTC/USD is currently struggling to clear $6,600 and it may correct lower in the short term. Bitcoin Price Analysis Yesterday, we saw…

Ethereum Spikes 16% Overnight to $220, Crypto Market Hits $204 Billion

boss

ETH, the native cryptocurrency of Ethereum, has surged by more than 16 percent overnight, rebounding $224. Within 48 hours, the price of ETH surged from $168 to $224, by more than 33 percent. While ETH has retraced slightly to $215, the second most valuable cryptocurrency in the market has found a breathing room that may enable it to find momentum. It is early in the corrective rally of ETH to definitively conclude that ETH has initiated an upside movement. But, investors in the market are optimistic as the valuation of…

Cardano Price Analysis: ADA/USD Primed for More Gains

boss

Key Highlights ADA price formed a decent support base near the $0.0600 level against the US Dollar (tethered). There was a break above a crucial declining channel with resistance at $0.0680 on the hourly chart of the ADA/USD pair (data feed via Bittrex). The pair may continue to rise in the short term towards the $0.0750 and $0.0800 levels. Cardano price is grinding higher against the US Dollar and Bitcoin. ADA/USD could gain traction once it clears the $0.0710 resistance in the near term. Cardano Price Analysis This week, we…

Ripple Price Analysis: XRP/USD Could Extend Gains Toward $0.30

boss

Key Highlights Ripple price is slowly moving higher and it recently broke the $0.2720 resistance against the US dollar. There was a break above a key bearish trend line with resistance at $0.2675 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair is now placed nicely above the $0.2700 support and the 100 hourly simple moving average. Ripple price is moving with a bullish angle against the US Dollar and Bitcoin. XRP/USD could rise further towards the $0.2900 and $0.3000 resistances in the near term.…