Day: October 2, 2018

The Two Biggest Blockchain Consortiums Join Forces

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In a significant move to propel the adoption of blockchain technology in the enterprise sector, two of the largest blockchain consortiums in the industry have announced their formal collaboration. The Enterprise Ethereum Alliance (EEA), a consortium that sees over 300 members working to leverage open-source Ethereum technology for blockchain solutions in enterprise and Hyperledger, a cross-industry working group led by the open-source Linux Foundation, are formally each other’s organizations as associate members, the two said in a press release on Monday. The collaboration between the two consortiums will “accelerate adoption…

Blockchain Adoption Levels Highest in the Semiconductor Industry: Accenture

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A study conducted by global professional services firm Accenture indicates that with regards to the adoption of blockchain technology, the semiconductor sector is currently enjoying the highest levels of bullish sentiment compared to other surveyed sectors. The study which polled mostly senior executives at firms which boasted of yearly revenues of at least US$0.5 billion showed that 88% of the executives in the semi-conductor industry expect to have blockchain technology integrated into their organization’s systems in the next 36 months. The features of blockchain technology that make it appealing to…

Ethereum Classic Price Analysis: ETC/USD Could Revisit $12

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Key Highlights Ethereum classic price is consolidating above the $10.80 support level against the US dollar. There is a key bearish trend line formed with resistance at $11.35 on the hourly chart of the ETC/USD pair (Data feed via Kraken). The pair is likely to break the trend line to test the $11.80 and $12.00 resistances in the near term. Ethereum classic price is holding the positive bias against the US Dollar and Bitcoin. ETC/USD could slowly move towards the all-important $12.00 resistance. Ethereum Classic Price Analysis After trading as…

Latest edition of Synacor’s global, Smart Contracts launched Showcasing Zimbra X Powered by EOSIO at Blockchain Live

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Synacor announced advancements to Zimbra X, the latest edition of Synacor’s global, open source-based collaboration platform.  Synacor officially launched its BETA for Zimbra X powered by EOSIO at Blockchain Live 2018, leveraging smart contracts and EOS Tokens.  This will guarantee its position as the authoritative collaboration platform choice for businesses on blockchain. The platform was recently announced as the first email and collaboration offering built on EOSIO for distributed apps. It is the premier open source-based, extensible email and collaboration-alternative that offers superior security with user accounts. The identity tracked on…

Ripple Price Analysis: XRP/USD Bullish Above $0.5520

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Key Highlights Ripple price is holding the $0.5500 and $0.5520 support levels against the US dollar. There is a major breakout pattern formed with resistance at $0.5820 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair must hold the $0.5500 and $0.5520 support levels to climb higher in the near term. Ripple price is positioned for more gains against the US Dollar and Bitcoin. XRP/USD may continue to slowly rise towards the $0.5800 and $0.5900 resistances. Ripple Price Analysis There was a minor downside correction…

Bithumb Teams With ONEROOT To Build Decentralized Exchange via R1 Protocol

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South Korean cryptocurrency exchange Bithumb has teamed up with ONEROOT, a blockchain project, to build distributed decentralized exchange. Under ONEROOT’s “Rocket Plan”, which was launched in early September, both companies formally signed a cooperation agreement for Bithumb to access the R1 protocol, developed by ONEROOT. The decentralized transaction protocol based on Ethereum would help Bithumb to build it’s own decentralized trading platform. R1 protocol separates order matching and order execution, far more efficient than other decentralized transaction protocols. With the unique structure of R1 protocol, Bithumb and all future R1-based…

Ethereum Price Analysis: ETH/USD Eyeing Upside Break Above $236

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Key Highlights ETH price remained in a tight range above the $222 and $223 support levels against the US Dollar. Yesterday’s highlighted key bullish trend line is intact with support at $224 on the hourly chart of ETH/USD (data feed via Kraken). The pair is likely to climb higher slowly and it could even surpass the $234 and $238 resistances. Ethereum price is slowly gaining traction against the US Dollar and bitcoin. ETH/USD needs to clear the $234, $236 and $238 levels to accelerate higher. Ethereum Price Analysis During the…

XRP Sees 2% Loss After Big Announcement, Bitcoin Shows Low Volume

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Since late September, the low volume of Bitcoin has been an issue for the cryptocurrency exchange market. Although BTC was expected to breakout of major resistance levels at $6,800 and $7,000, its low volume prevented it from recording a major movement on the upside. Earlier today, on October 2, Ripple Labs introduced three partnerships with major banks including the $80 billion banking giant Banco Santander. One Pay FX, a platform operated by Banco Santander, became the world’s first mobile application for cross-border payments powered by RippleNet. Subsequent to the announcement,…

Hyperledger and Enterprise Ethereum Alliance Cut Deal to Advance the Global Blockchain Business Ecosystem

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The global standards organization driving the adoption of Enterprise Ethereum, Enterprise Ethereum Alliance (EEA) and the  Linux Foundation’s Hyperledger, are tying the knot and they agreed to join each other’s organizations. Hyperledger Executive Director, Brian Behlendorf, and EEA Executive Director, Ron Resnick, have jointly authored a blog post (see Hyperledger’s blog or EEA’s blog) to announce this partnership. “This is a time of great opportunity,” said Resnick. “Collaborating through mutual associate membership provides more opportunities for both organizations to work more closely together. In addition, Hyperledger developers who join the EEA can participate in…

Bitcoin Cash Price Analysis: BCH/USD Gaining Momentum Towards $570

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Key Points Bitcoin cash price found support above the $500 level and started an upward move against the US Dollar. Yesterday’s highlighted connecting bearish trend line with resistance at $535 was breached on the hourly chart of the BCH/USD pair (data feed from Kraken). The pair is likely to continue higher towards the $560 and $570 levels in the near term. Bitcoin cash price is placed nicely above the $520 support against the US Dollar. BCH/USD may accelerate towards the $560-570 resistance zone if buyers gain momentum. Bitcoin Cash Price…