Day: October 9, 2018

UAE Securities Regulator to Introduce ICOs for Capital Markets in 2019

boss

The United Arab Emirates (UAE)’s national securities regulator plans to introduce Initial Coin Offerings (ICO) for capital markets in 2019, Reuters reported Oct. 8. Reuters notes that the regulator has embraced the innovative fundraising model to diversify the means through which companies can raise capital, noting that in recent years, “weak” equity markets, coupled with low oil prices, have been adversely impacting Initial Public Offerings (IPOs) in the country and wider region. Reuters quotes the CEO of the country’s national securities watchdog, Obaid Saif al-Zaabi, as saying that: “The board…

China Launches Licensed Blockchain ‘Pilot Zone’ to Further Tech Usage

boss

China’s Hainan Province became the host of the country’s “first” officially licensed “‘blockchain pilot zone” Monday, Oct. 8, China’s official state-run press agency Xinhua reports. With its base at the Hainan Resort Software Community (RSC), a dedicated tech space and software park, the pilot zone incorporates several partnerships, chief among which are a blockchain research institute and innovation center. According to Xinhua, Wang Jing, head of Hainan’s provincial department of industry and information technology, the zone will bring in international talent to China: “The pilot zone will commit to attracting…

Japan’s GMO Internet to Launch Yen-Pegged Stablecoin in 2019

boss

Japanese internet conglomerate GMO Internet Co. Ltd confirmed plans to release a cryptographic stablecoin Tuesday, Oct. 9, pegged to the Japanese yen. GMO, which entered the Japanese cryptocurrency exchange market in May last year, intends to begin issuing tokens at the start of the 2019 financial year. The news marks a further potential player in the yen-pegged stablecoin market, with several other corporations signalling their intentions to launch assets of their own in recent months. GMO confirmed the main impetus behind its decision was to target international remittances. “The yen-pegged…

Australia Trials Blockchain-Based ‘Smart Money’ for National Disability Insurance Scheme

boss

The Australian federal government is exploring the use of blockchain-based “smart money” for use in its National Disability Insurance Scheme (NDIS), according to an Oct. 9 press release. The trial, dubbed “Making Money Smart,” has been jointly developed by the Commonwealth Bank of Australia (CBA) and Data61. The latter is a digital innovation center that forms part of the Commonwealth Scientific and Industrial Research Organisation (CSIRO) — an Australian government corporate entity that undertakes scientific research to advance diverse local industries. In CSIRO’s press release, Data61 has defined smart —…

Ethereum Classic Price Analysis: ETC/USD’s Upsides Capped Near $11

boss

Key Highlights Ethereum classic price is facing a major resistance near $11.00 against the US dollar. There is a crucial bearish trend line formed with resistance at $10.95 on the hourly chart of the ETC/USD pair (Data feed via Kraken). The pair must break the $11.00 resistance level to trade higher towards the $11.40 level. Ethereum classic price is following a bearish path against the US Dollar and Bitcoin. ETC/USD may continue to move down as long as it is below $11.00. Ethereum Classic Price Analysis During the past few…

Airports Plenty Interested in Blockchain Applications, Study Reveals

boss

A new study has shown that the blockchain technology appears to be gaining traction, and attention in the airline industry. Per reports from airline focused magazine, Airport World, data from SITA Lab has revealed that blockchain technology attracted the most research attention in the industry in 2018. SITA, a technology research company responsible for stimulating technological revolution by collaborating with airlines, airports, and technology specialists globally—opined that distributed ledgers are more efficient and give an advantage when it comes to rendering airline services such as passenger identification, ticketing and more.…

Banks Hate Crypto In Canada: QuadrigaCX Exchange Sees $28M Frozen

boss

Although Canada is widely regarded as a progressive nation when it comes to the acceptance of promising technologies and sectors, this forward-thinking hasn’t stopped local institutions from doing their utmost best to curb the growth and maturation of the Canadian crypto space via exchanges. QuadrigaCX Runs Into Banking Concerns, $28 Million Frozen Since Bitcoin’s debut almost ten years ago, crypto exchanges have been the primary on-ramp and off-ramp for investors worldwide. Keeping their influence in mind, for much of crypto’s decade-long history, many exchanges from around the globe have been…

Ripple Price Analysis: XRP/USD Must Break $0.4950 for Upside Acceleration

boss

Key Highlights Ripple price is struggling near the $0.4950 and $0.5000 resistance levels against the US dollar. Yesterday’s highlighted key bearish trend line is active with resistance at $0.4940 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair must break the $0.4950 and $0.5000 hurdles to accelerate higher in the near term. Ripple price is trading in a bearish zone against the US Dollar and Bitcoin. XRP/USD could gain upside momentum if buyers push the price above $0.4950. Ripple Price Analysis Yesterday, we saw a…

Ethereum Price Analysis: ETH/USD Bullish Above $224

boss

Key Highlights ETH price traded higher and spiked above the $230 resistance against the US Dollar. There is a key ascending channel in place with support at $226 on the hourly chart of ETH/USD (data feed via Kraken). The pair remains well supported above the $224 and $226 levels in the near term. Ethereum price slowly climbed higher against the US Dollar and bitcoin. ETH/USD could correct lower, but the $224 support is likely to hold losses. Ethereum Price Analysis There was an upside move above the $226 level in…

Bitcoin Cash Price Analysis: BCH/USD Primed To Break $530

boss

Key Points Bitcoin cash price is trading with a positive structure above the $510 support against the US Dollar. There is an ascending channel in place with support at $520 on the hourly chart of the BCH/USD pair (data feed from Kraken). The pair is likely to move higher above the $530 and $540 resistance levels in the near term. Bitcoin cash price is consolidating above $520 against the US Dollar. BCH/USD could accelerate higher once buyers clear the $530 resistance area. Bitcoin Cash Price Analysis Yesterday, we saw a…