Day: September 24, 2018

$6.9K Is the New Price to Watch for Bitcoin Bulls

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Bitcoin has pulled back from 17-days highs clocked over the weekend and risks losing bullish bias if prices close below $6,600, technical studies indicate. More importantly, a break below $6,600 would kill the odds of BTC witnessing a major upside breakout above the crucial resistance at $6,970. The leading cryptocurrency was solidly bid on Friday likely due to an increased investor interest in XRP and other alternative cryptocurrencies. Notably, prices flew past $6,600, confirming a double bottom bullish reversal and opening doors to the psychological support of $7,000. However, the…

Swiss Bank corrects anti-crypto Biases

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Banks in support of crypto assets In a recent report, the Swiss Bank Association (SBA) has made an attempt to change the way Banks in Switzerland perceive cryptocurrencies and to stop the rejection of crypto-related companies. The SBA is the umbrella organization of the financial system in Switzerland and as such is aiming to achieve the best results for Banks. Another one the objective is to make an optimum financial framework condition for the Swiss bank. There has been a brand new set of guidelines by the SBA indicating ways for banks to become more…

Dubai Govt Upgrades Payment Portal DubaiPay with Blockchain technology

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The Smart Dubai office, a government initiative led by the Crown Prince of Dubai, is integrating blockchain technology into its retail payments smartphone app DubaiPay, enabling reconciliation and settlement transactions in real-time. Developed in collaboration with Dubai’s Department of Finance (DoF), the Smart Dubai Office (SDO) launched the system on Sunday with a press release labeling it a “blockchain-powered upgrade to its financial system’(Dubaipay)’. Current DoF procedures are dependant on staff members physically checking payments collected from different portals to manually reconcile the transactions before settling them. This extensive process…

Bitcoin News Summary – September 24, 2018

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Here’s what happened this week in Bitcoin in 99 seconds.  A vulnerability in the Bitcoin software was revealed this week but quickly patched in a later version. Although the bug is difficult and costly to exploit, a malicious miner could use it to potentially cause a blockchain split. If you’re running Bitcoin Core, updating to the latest version is strongly recommended. Ripple’s price was stronger in the week on news that the xRapid protocol is nearing completion and the announcement of Ripple’s new remittance partnership with America’s PNC Bank.…

Juventus Soccer Club Is Launching a Crypto Token to Give Fans a Voice

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One of the most popular soccer clubs in the world is launching a crypto token that it says will boost fan numbers by allowing them to “be heard.” For the effort, Italy’s Juventus Football Club, which boasts Cristiano Ronaldo as a current team member, is teaming up with Socios.com to launch the “Juventus Official Fan Token.” The token will be initially distributed via a “Fan Token Offering (FTO),” according to a press release Monday. With one of the largest global fan bases of any soccer club, and a huge social media presence, the team says…

Bitcoin Price Watch: BTC Holds Bullish Bias Above $6,550

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Key Points Bitcoin price is consolidating above the $6,590 and $6,550 support levels against the US Dollar. There is a short-term declining channel in place with resistance at $6,720 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair has to surpass the $6,720 and $6,750 levels to move towards $6,850 and $6,900. Bitcoin price settled above the $6,550 level against the US Dollar. BTC/USD must break the $6,720 resistance for an upward move toward $6,900 in the near term. Bitcoin Price Analysis After trading above…

Bitcoin Takes a Breather and Falls Below $6,700, Losses Across the Board

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Since September 18, within six days, the crypto market added $34 billion to its valuation. After a massive short-term rally, Bitcoin has retraced slightly, leading other major cryptocurrencies to fall by 3 to 5 percent. While Bitcoin recorded a slight loss of less than 1 percent, Ethereum, Bitcoin Cash, EOS, Stellar, and Litecoin demonstrated losses in the range of 3 to 5 percent, with IOTA recording the steepest decline amongst major cryptocurrencies. The volume of Bitcoin, which remained above $5.3 billion up until September 22, fell back down to the…

Nevermind the Stagnating Market, Binance Is Pushing Further in Its Expansion

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Sept. 15 came with the announcement from the Binance co-founder and CEO Changpeng Zhao (also referred to as ‘CZ’): One of the largest global crypto exchanges will start testing a crypto-fiat exchange in Singapore. While no further details have been specified, the crypto-fiat Singapore-based exchange will presumably support the local Singapore dollar. A closed beta testing was conducted on Sept. 18., after that CZ shared a hope the platform could start its work within months. Starting an exchange in the third most favorable country in the world for Initial Coin…

Opera Launches Beta ‘Labs’ Version of Built-In Crypto Wallet for Desktop Browser

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Opera is launching today a “Labs” beta edition of its desktop web browser with built-in crypto wallet functionality, according to an exclusive blog post shared with Cointelegraph Monday, September 24. Opera first announced it would be integrating a built-in crypto wallet for its desktop browser in early August, and “Labs” is today open for private beta testers. According to the blog post, the new edition will enable users to authenticate Web 3.0 and decentralized application (DApp) transactions made on their computer using their Android phone. “Labs” is therefore fully interoperable…

Development of Cryptocurrency mining operations in Norway explained

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Mining cryptocurrencies becoming more noticed in Norway Through the past years, cryptocurrencies and its impact on money have been in debate, which has led some to become more involved in these digital asset capabilities. However, most individuals buy the cryptocurrency and store it safely in order to sell at a later date for a profit. Under a handful of cryptocurrencies is the need for mining types of equipment, which is a fundamental part of cryptocurrencies. The use and goal of mining serves for various purposes like the creation, verification, and security…