Month: September 2018

Bitcoin Cash (BCH) Price Watch: Eyes on Next Areas of Interest

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Bitcoin Cash Price Key Highlights Bitcoin Cash price recently broke above a long-term descending trend line to signal a reversal. Price also cleared a nearby area of interest, setting its sights on the next one around $700. Technical indicators, however, are reflecting slowing bullish momentum and a possible return in selling pressure. Bitcoin Cash price could be due for more gains as buyers set their sights on the next area of interest, but technical indicators show otherwise. Technical Indicators Signals The 100 SMA is still below the longer-term 200 SMA…

Bitcoin Cash Price Analysis: BCH/USD Dips Remain Supported Above $540

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Key Points Bitcoin cash price extended gains above the $550 resistance and traded towards $600 against the US Dollar. There was a break above a bullish pennant pattern with resistance at $522 on the hourly chart of the BCH/USD pair (data feed from Kraken). The pair traded as high as $592 and it is currently correcting lower towards key supports. Bitcoin cash price is placed nicely above the $540 support against the US Dollar. BCH/USD remains supported on dips near the $540 and $525 levels. Bitcoin Cash Price Analysis There…

Bitcoin (BTC) Price Watch: Bullish Breakout Alert!

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Bitcoin Price Key Highlights Bitcoin price recently formed lower highs and higher lows to consolidate in a symmetrical triangle. Price appears to have completed an upside breakout, signaling that more gains are underway. Technical indicators, however, are reflecting a slowdown in bullish momentum. Bitcoin price is breaking out of its triangle consolidation pattern but might still be facing some bearish pressure. Technical Indicators Signals The 100 SMA is still below the longer-term 200 SMA to signal that the path of least resistance is to the downside. In other words, there’s…

History Repeating? Why Ether’s Price Just Might Have Bottomed Out

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In cryptomarkets, history doesn’t repeat itself, but it does rhyme. In light of ether’s emphatic and near 40 percent recovery in price since mid-September, we think the calls for an “ETH bottom” do have some merit. As it turns out, the current market structure of ETH against its BTC pair is very similar to that of the structure formed during its bottom in December of 2017 before its more than 400 percent bull run. There is a concept known as “fractals” in technical analysis, which is essentially repeating market structures.…

From ticketing to salaries, football explores the power of blockchain

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Football clubs are starting to tap the potential of blockchain technology as an innovative way to deal with longstanding issues such as ticket scalping, fan engagement and the payment of players’ salaries. Considered by many as revolutionary as the internet, a blockchain is a database that is shared across a network of hundreds of computers. Once a record has been added to the chain it is very difficult to tamper with. And to ensure all copies of the database are the same, the network makes constant checks. Blockchains have been…

Ethereum Will ‘Rally Strongly’ up to $1,900 by the End of 2019

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Major altcoin Ethereum (ETH) is about to see a “trend reversal and rally strongly” up to $1,900 per token by the end of 2019, according to Fundstrat head of research Tom Lee, as Bloomberg reported September 27. In a note to clients of Fundstrat Global Advisors, Lee noted the “overly negative” sentiment on the Ethereum market, which he says will be a basis for its strong rebound in the near future. In his prediction, Lee has referenced the historical performance of Ethereum, citing that the times when the altcoin “underperformed…

Sierra Leone to Develop Blockchain-Based ID Platform With UN Partnership

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Two United Nations divisions are teaming with the nation of Sierra Leone and a technology non-profit to launch a blockchain-based identification system. The U.N. Capital Development Fund (UNCDF), the U.N. Development Program (UNDP), along with Sierra Leone president Julius Maada Bio and non-profit Kiva announced a project to “modernize the credit bureau” on Thursday during the 73rd session of the U.N. General Assembly. According to Kiva, Sierra Leone was chosen as it only has one credit bureau that serves 2,000 people, or less than 1 percent of the country’s total…

ADA Value Likely To Double, Adds 15%

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Cardano is one of this week’s top performers adding 15 percent in the last week. Overly, we retain a bullish stance thanks to surging trade volumes driving prices across wide trade ranges. That’s why despite recent price slides, we recommend traders to buy at spot rates with first targets at 12 cents and later 20 cents. Latest Cardano News Here’s the good thing: CoinBase, the US crypto exchange is facing stiff competition forcing them to forego their prudence. It’s understandable. The exchange needs to cushion itself against potential lawsuits from…

Swiss-Based Asset Management Firm to Introduce Metals-Backed Cryptocurrency

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Switzerland-based asset management company Tiberius Group AG is going to introduce a cryptocurrency backed by metals, Bloomberg reported September 27. Founded in 2005 as a commodities asset management firm, Tiberius Group manages around $350 million in assets. The company will issue a blockchain-powered Tiberius Coin, the value of which will be tied to the price of copper, aluminum, nickel, cobalt, tin, gold and platinum. Giuseppe Rapallo, CEO at Tiberius Technology Ventures AG, which will lead the product, told Bloomberg: “Instead of underlying the digital currency with only one commodity, we…

US House Passes Bill for Task Force to Combat Crypto Use by Terrorists

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The U.S. House of Representatives passed a bill on September 26 that would establish a crypto task force to combat terrorist use of cryptocurrencies, public records indicate. House Resolution (H.R.) 5036, which represents an amended version of the bill proposed by Rep. Ted Budd (R-NC) to the Committee on Financial Services in January, establishes an “Independent Financial Technology Task Force” to fight the illicit use of cryptocurrency. According to public records published on the official online database of the U.S. Congress, the new version of the bill has been passed…