Day: October 1, 2018

Bitcoin Price Watch: BTC/USD Primed for More Gains

boss

Key Points Bitcoin price is placed well above the $6,440 support level against the US Dollar. There is a crucial bullish trend line formed with support at $6,540 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair is likely to break the $6,625 and $6,665 resistance levels to trade further higher. Bitcoin price is trading above key supports against the US Dollar. BTC/USD needs to clear the $6,665 resistance to revisit $6,800 and $6,850. Bitcoin Price Analysis There was a sharp downside correction from the…

Cardano Price Analysis: ADA/USD Could Correct To $0.08 Before Higher

boss

Key Highlights ADA price is trading above the $0.0840 support and the 100 hourly SMA against the US Dollar (tethered). There is a major bullish trend line formed with support at $0.0840 on the hourly chart of the ADA/USD pair (data feed via Bittrex). The pair could correct lower in the short term towards $0.0800 before buyers appear. Cardano price is trading in a bullish zone against the US Dollar and Bitcoin. ADA/USD is likely to trade above $0.0900 after a minor downside correction. Cardano Price Analysis After trading as…

Malta’s Prime Minister Tells UN That Crypto Is the ‘Inevitable Future of Money’

boss

The Prime Minister of Malta, Joseph Muscat, has said that cryptocurrencies are the “inevitable future of money,” and that blockchain can galvanize a more transparent and equitable society. The Prime Minister made his remarks in a speech addressed to the general debate of the 73rd Session of the General Assembly of the U.N. September 27. Muscat made a spirited case for the transformative, political impact of bleeding-edge technologies, saying that those who “pair the new digital economy with a new state – a digital state,” will be best poised “to…

Ripple Price Analysis: XRP/USD Dips Remain Supported Near $0.5550

boss

Key Highlights Ripple price gained traction and traded above the $0.6000 resistance against the US dollar. There is a key bullish trend line in place with support at $0.5555 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair could correct lower, but dips towards $0.5500 and $0.5400 remains supported. Ripple price is trading with a bullish angle against the US Dollar and Bitcoin. XRP/USD is likely to resume upsides above $0.6000 after a short-term downside correction. Ripple Price Analysis There were decent gains above the…

Insurance broking and risk management firm Marsh expanded its partnership with IBM

boss

Insurance broking and risk management firm Marsh expanded its partnership with IBM to provide commercial proof of insurance blockchain solution to Marsh clients through the Salesforce.com customer relationship management platform. The use of blockchain solution will enable Marsh’s clients to obtain the certificate of insurance digitally and instantaneously to speed up necessary business functions such as hiring contractors. Blockchain establishes a shared, immutable record of all the transactions that take place within a network and then enables permissioned parties access to trusted data in real-time. It allows the creation of a network…

Ethereum Price Analysis: ETH/USD Buyers In Control Above $223

boss

Key Highlights ETH price gained traction and moved above the $230 resistance against the US Dollar. There is a monster bullish trend line in place with support at $221 on the hourly chart of ETH/USD (data feed via Kraken). The pair may continue to move higher as long as the $221 and $223 supports are intact. Ethereum price is showing bullish signs against the US Dollar and bitcoin. ETH/USD is facing resistances near the $236 and $238 levels. Ethereum Price Analysis During the past few hours, there were bullish moves…

How Crypto Is Stepping Into the Land Down Under

boss

On Sept. 26, Australia’s National Science Agency (CSIRO), an independent Australian federal government agency responsible for scientific research, developed a blockchain network called Red Belly with the University of Sydney. They successfully conducted a pilot test on the Amazon Web Services (AWS) global cloud infrastructure, processing more than 40,000 transactions per second. At 40,000 tx/second, Red Belly is able to process information on an immutable network at a capacity that is 6,666 times larger than the Bitcoin network and about 1,600 times bigger than the Ethereum blockchain network. Ethereum vs.…

Bitcoin Cash Price Analysis: BCH/USD Consolidating Above $510

boss

Key Points Bitcoin cash price remained in a positive zone and is currently above the $500 support against the US Dollar. There is a key bearish trend line in place with resistance at $540 on the hourly chart of the BCH/USD pair (data feed from Kraken). The pair needs to trade above the $550 resistance and the 100 hourly simple moving average to gain traction. Bitcoin cash price is currently consolidating above $500 against the US Dollar. BCH/USD must surpass the 100 hourly SMA to trade to a new weekly…

Bitcoin (BTC) Price Watch: Some Hesitation After Bullish Breakout?

boss

Bitcoin Price Key Highlights Bitcoin price has recently broken out of its symmetrical triangle pattern but has since pulled back for a retest. Price continues to hover around the broken resistance, though, and might still have a chance at falling back in consolidation. If the area of interest continues to keep losses in check, bitcoin price could resume a climb that’s the same height as the triangle. Bitcoin price recently closed past the top of its triangle formation but this might still prove to be a fake out. Technical Indicators…

Ripple Investment Rise 30 Percent Tripling Bitcoin’s

boss

Fundamental developments as formation of SAIV, objectives of Coil to turn XRP from a facilitator to a medium of exchange and increase coin listings at various exchanges is bullish. Aside from this, Nigel Green’s comments cement our bullish stand. This is further solidified by candlestick formations of the last two weeks and the increasing capital flow to XRP. Investment in XRP rose to $311 from $239 million in the last week. Latest Ripple News The FX market is a huge market and Forex Choice, a Belize regulated FX broker is…