Day: October 17, 2018

Indian Internet ‘Blockchain Committee’ Attracts Reps From Zebpay, MasterCard, Microsoft

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The Internet and Mobile Association of India (IAMAI) is forming a dedicated focus group for blockchain exploration made up of both big business and cryptocurrency players, Indian daily newspaper Economic Times reported Monday, Oct. 15. Confirmed in a tweet Tuesday, the IAMAI, whose remit is to “expand and enhance” the online and mobile sector, will use its “Blockchain Committee” to “identify opportunities and challenges and work with government, industry and startups” to develop a blockchain “ecosystem.” The move comes amid testing times for cryptocurrency in India, with the country’s supreme…

Bitcoin Volatility Hits Record Low, Calm Before a Major Short-Term Rally? Experts Weigh In

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Disclaimer: This article does not contain investment advice or recommendations. Every investment and trading move involves risk, you should conduct your own research when making a decision. In the beginning of October, Bitcoin achieved a 17-month low volatility rate, recording its highest level of stability since mid-2017. Bitcoin has started to experience a noticeable decline in its volatility during a period in which the volume of the dominant cryptocurrency achieved a new yearly low. Thus, the volume of Bitcoin dropped from $4.2 billion to $3.2 billion on October 7, by…

Bitcoin Price Watch: BTC/USD Could Dip and Rip Above $6,520

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Key Points Bitcoin price is consolidating below the $6,520 resistance level against the US Dollar. Yesterday’s highlighted key ascending channel is active with support at $6,430 on the hourly chart of the BTC/USD pair (data feed from Kraken). The price could decline a few points towards $6,400 or $6,380 before it climbs higher. Bitcoin price is currently trading in a range above $6,400 against the US Dollar. BTC/USD must break $6,520 to accelerate gains in the near term. Bitcoin Price Analysis During the past few sessions, there was hardly any…

India’s Largest Internet & Mobile Body Forms a Blockchain Committee

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In a marked move to advance the development of the domestic blockchain ecosystem in India, the country’s influential internet industry association has formed a committee dedicated to the decentralized technology. With the new blockchain committee, the Internet and Mobile Association of India (IAMAI) is looking to engage with the government, the wider industry and startups in the burgeoning sector to develop the ecosystem, India’s most-read business daily the Economic Times report. A pointed focus is to use blockchain tech to facilitate job creation for the new digital economy in the…

Bitfarms Launches Public BTC Mining Pool

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Bitfarms Launches Public BTC Mining Pool October 17, 2018 by Ian Edwards Canadian-Israeli cryptocurrency mining company Bitfarms has announced the public launch of a new bitcoin (BTC) mining pool. The new pool is offering lower fees than many competitors, which makes it worth considering for crypto miners looking to increase their margins. Also see: Telegram Could Launch TON Blockchain Platform This Fall Subscribe to the Bitsonline YouTube channel for great videos featuring industry insiders & experts One Percent Fees, Introductory Special Offered Bitfarms Pool opened to the public starting October 16th, the company…

Cryptocurrency Market Prices Could Increase Tenfold by 2020

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Cryptocurrency markets could increase ten times over from 2020, blockchain investment firm and hedge fund Pantera Capital’s co-CIO told Bloomberg Tuesday, Oct. 16. Speaking in an interview, co-CIO Joey Krug said that scalability improvements for Bitcoin (BTC) were essential to spark a shift in the deflated prices seen throughout this year. He told the network: “These are all markets, and so if you don’t have scalability, you don’t have market makers.” The comments came days after new developments on the institutional trading side of Bitcoin markets, with Fidelity Investments revealing…

Cardano Price Analysis: ADA/USD Eyeing Upside Break above $0.080

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Key Highlights ADA price is holding the $0.0750 support and the 100 hourly simple moving average against the US Dollar (tethered). There is a major bearish trend line in place with resistance at $0.0800 on the hourly chart of the ADA/USD pair (data feed via Bittrex). The pair remains supported on dips and it could move higher above $0.0800 in the near term. Cardano price is placed in a positive zone against the US Dollar and Bitcoin. ADA/USD may perhaps break the $0.0800 resistance to climb further higher. Cardano Price…

Chinese Crypto Exchange BTCC Plans South Korean Launch in November

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China’s first Bitcoin (BTC) exchange BTCC, formerly known as BTC China, is set to launch trading services in South Korea, Korean business outlet The Investor reported yesterday, October 16. BTCC, which presently has headquarters in Hong Kong, will reportedly start beta services for trading in South Korea later this month and make its official debut in the market in November. According to the BTCC website, the Korean service — headed by Lee Jae-beom — will span a trading platform, wallet service, mining pool, and a service to enable consumer payments:…

Bitcoin Price Rises to $6,450 as Market Stabilizes, Has Crypto Hit a Bottom?

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Over the past 72 hours, the cryptocurrency market experienced one of its wildest fluctuations in recent years, triggered by the sudden increase in the Bitcoin price. The unforeseen decline in the value of Tether (USDT), a stablecoin backed by the US dollar on a 1:1 ratio, led premiums on major cryptocurrencies like Bitcoin (BTC) and Ethereum (ETH) to materialize, briefly pushing the price of BTC to $7,700. In actuality, the price of BTC on fiat-to-cryptocurrency exchanges such as Coinbase and Bitstamp did not exceed $6,700. Still, the short-term recovery of…

Ripple Price Analysis: XRP/USD Surging Toward $0.50

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Key Highlights Ripple price is gaining strength and it recently broke the $0.4600 resistance against the US dollar. There was a break above a major triangle resistance at $0.4640 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair remains well supported for more gains above the $0.4800 and $0.4850 levels. Ripple price is gaining bullish momentum against the US Dollar and Bitcoin. XRP/USD could accelerate gains towards $0.5000 or $0.5250 in the near term. Ripple Price Analysis During the past two sessions, Ripple price climbed…