Day: October 18, 2018

Monero price ready to go bullish following this new development

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Monero could be done with its slide and ready to go bullish following the Monero protocol upgrade scheduled to go live today. The announcement saw investors become bullish about the coin’s price and are hopeful that this development will propel Monero’s price to new highs, given how rough the last few weeks have been. Past Analysis The 100 SMA is below the longer-term 200 SMA to indicate that the path of least resistance is to the downside. Also, the 100 SMA appears to be holding as dynamic resistance at the…

Bitcoin Price Watch: BTC/USD Buyers Losing Grip Below $6,500?

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Key Points Bitcoin price is still struggling to clear the key $6,520 resistance zone against the US Dollar. There is an important bullish trend line in place with support at $6,430 on the hourly chart of the BTC/USD pair (data feed from Kraken). The price is currently at a risk of a bearish reaction towards the $6,400 or $6,340 support levels. Bitcoin price is slowly moving into a bearish zone below $6,480 against the US Dollar. BTC/USD could extend the current dip towards $6,340 if buyers lose control. Bitcoin Price…

Baidu and TRON to Cooperate on Cloud Computing Resources

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Decentralized Internet project TRON (TRX) and China‘s largest Internet search provider Baidu will cooperate on cloud computing resources, according to an official tweet from the TRON Foundation posted yesterday, October 17. The tweet confirms a series of unofficial reports that have been circulating since Oct. 13. The first indication that the nature of the Baidu-TRON cooperation would be specifically centered on cloud service provision surfaced earlier this week, in the same report from local news source ODaily that TRON has today retweeted, sealing its official confirmation of the news. ODaily’s…

Japanese Electric Power Company Partners With Bank, University on Blockchain Research

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A four-way partnership between major Japanese companies will conduct research into the possible use of blockchain in distributed electricity supply, a press release announced Monday, Oct. 15. Kansai Electric Power Co. (Kepco) will work with Mitsubishi UFJ Bank, IT service management company Nihon Unisys, and the University of Tokyo on the project, which looks at allowing solar power suppliers to sell excess energy to consumers. “Due to the widespread use of renewable energy such as solar power generation, the current power supply system has been changing from a conventional large-scale…

Ethereum Classic Price Analysis: ETC/USD Rising Steadily Towards $10.80

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Key Highlights Ethereum classic price is slowly recovering from the $8.90 swing low against the US dollar. This week’s followed important ascending channel formed is active with support at $9.40 on the hourly chart of the ETC/USD pair (Data feed via Kraken). The pair may continue to rise towards the $10.20 and $10.80 resistance levels. Ethereum classic price is forming a base for an upward move against the US Dollar and Bitcoin. ETC/USD could gain strength above $10.00 for more gains in the near term. Ethereum Classic Price Analysis Recently,…

Bitcoin Futures Trading Further Gains Momentum, CME Reports 41 Percent Growth in Q3

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As it has been reported by the U.S.-based exchange known as the Chicago Mercantile Exchange (CME), Bitcoin (BTC) futures trading continues to gain momentum attracting more and more traders. According to the report, in Q3 the average daily trading volume of Bitcoin futures increased by 41 percent in Q3 if compared with the trading volumes observed in Q2. Trading volumes growth It’s also important to emphasize that the trading volumes of Bitcoin futures have been continuously growing since the moment when they were introduced on the CME exchange in December…

UK Foreign Exchange Firm Joins Ripple Blockchain RippleNet

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Moneynetint, a UK-based provider of foreign exchange services for the corporate sector has integrated and deployed decentralized payments using Ripple blockchain network RippleNet. Based in London with a focus on payment services for corporate clients, Moneynetint revealed an ongoing collaboration with San Francisco-based blockchain industry giant Ripple on Tuesday. The payments platform, which provides cross-border money transfers and currency exchange services, said it has completed the integration phase with Ripple and has now fully deployed the blockchain solution with payments received from other RippleNet members elsewhere, in a press release…

Bitcoin Cash Price Analysis: BCH/USD Holding Key Support Near $440

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Key Points Bitcoin cash price traded lower recently and tested the $440 support against the US Dollar. There was a break above a short-term declining channel with resistance at $441 on the hourly chart of the BCH/USD pair (data feed from Kraken). The pair is struggling to gain momentum above the $450 and $455 resistance levels. Bitcoin cash price is currently holding the $440 support against the US Dollar. BCH/USD needs to clear the $450 level and the 100 hourly SMA to gain traction. Bitcoin Cash Price Analysis There was…

How a Bitcoin Exchange Is Surviving the Central Bank Crackdown in India

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Indian regulators’ clampdown on cryptocurrency businesses is forcing the exchange startup Unocoin to experiment with stablecoins and ATMs to continue receiving fiat deposits from customers. Unocoin co-founder Sunny Ray told CoinDesk his company hasn’t been able to transact through regular banking channels with its 1.3 million customers for several months, after the Reserve Bank of India (RBI) banned banks from working with crypto or crypto companies in April. Most recently, Unocoin set up an ATM in a Bangalore mall where customers can deposit rupees to their exchange accounts without a…

How a Bitcoin Exchange Is Surviving a Central Bank Crackdown in India

boss

Indian regulators’ clampdown on cryptocurrency businesses is forcing the exchange startup Unocoin to experiment with stablecoins and ATMs to continue receiving fiat deposits from customers. Unocoin co-founder Sunny Ray told CoinDesk his company hasn’t been able to transact through regular banking channels with its 1.3 million customers for several months, after the Reserve Bank of India (RBI) banned banks from working with crypto or crypto companies in April. Most recently, Unocoin set up an ATM in a Bangalore mall where customers can deposit rupees to their exchange accounts without a…