Day: October 25, 2018

BCH/USD Bitcoin Cash Price Analysis: BCH Stable at $7.76 billion

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Overly, the market is flat and the lack of solid price movement after Oct 15 could hint at a lower level price accumulation and potential BCH bulls as long as trend above $400. Rallies above $550 and $600 could lead to surges towards $850, our first ideal bull target. Latest Bitcoin Cash News Aside from being a peer to peer electronic cash payment system that executes according to the dicta of Satoshi Nakamoto, Bitcoin Cash allows developers to build application on top of its blockchain. Many dApps are now live…

ADA/USD, LTC/USD, EOS/USD Prices Accumulate

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Overly, traders are optimistic expecting prices to rally past key resistance trend line as ADA/USD, LTC/USD and EOS/USD gain momentum and bottom out from important support levels. This stand is valid more so when we factor in fundamental like the probable launch of Bitcoin ETF which could lift BTC and altcoins with it. That’s aside from coin specific news that plays a huge role as price determiners. Let’s have a look at these charts: EOS (EOS/USD) Price Analysis No doubt, EOS is ranging and we can see that from the…

Judge Issues Temporary Dismissal in Bitcoin Cash Lawsuit Against Coinbase

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A federal judge has dismissed a lawsuit against Coinbase alleging the exchange hurt investors when it listed bitcoin cash by allowing insider trading. On Tuesday, U.S. District Judge Vince Chhabria, from the Northern District of California, dismissed a lawsuit filed by Arizona resident Jeffrey Berk against Coinbase, who claimed that the exchange allowed insiders to trade bitcoin cash prior to its listing on the exchange. This in turn harmed  investors, he said in March. In the original complaint, filed in March, Berk claimed that “unsurprisingly, those who had been tipped…

The Past Month, Bitcoin Has Been Less Volatile Than NASDAQ, DOW and S&P 500

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In what is a rare, time-sensitive window, bitcoin’s volatility since September 14, 2018 has been less than that of the most popular indexes from traditional finance sectors. Bitcoin seems to have found a temporary bottom relative to its incredible bull run that saw bitcoin’s price increase more than 1,200% in 2017 alone. 2018, however, has seen a reversal in fortune, as bitcoin started the year in the red and is down over 60% to date. Bitcoin has been married to volatility ever since the digital currency’s inception in 2009, as…

‘Blockchain-Related GPU Sales in Third Quarter Were Negligible’

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In its quarterly financial results report published Oct. 24, semiconductor manufacturer AMD reveals that “blockchain-related graphics processing unit (GPU) sales in the third quarter were negligible.” American semiconductor company AMD stated in its third quarter 2018 financial report that revenue rose to $1.65 billion, up 4 percent year-over-year, although the figure is below estimates of $1.7 billion. The decrease is attributed to overall lower graphic revenue in the company’s Computing and Graphic business segment since last quarter. Nevertheless, AMD’s Computing and Graphic segment revenue saw a 12 percent increase year-over-year up…

Oracle Releases Suite of Blockchain-Based Software for Supply Chain Management

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Software development company Oracle Corp. has released a suite of blockchain-based software-as-a-service (SaaS) applications based on its Oracle Blockchain Cloud Service, according to an announcement published Oct. 23. The new product is purportedly designed to improve traceability and transparency throughout supply chains. Oracle is an American corporation founded in 1977, and currently is one of the largest vendors in the business software market. With total revenues of $39.8 billion in 2018, Oracle is the second largest software development company according to the Global 2000 2018 Forbes list. The new product…

‘Bitcoin is Preparing to Break out’

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Blockshow is announcing a new conference  – Asia Blockchain Week, which will be hosted in Singapore from Nov.  27 until Dec. 1, 2018. The blockchain and cryptocurrency conference will attract over 100 of the top industry leaders and crypto influencers, and more than 2000 attendees, from over 50 countries. The venue for this event will be held at one of the most beautiful locations in Singapore, the Marina Bay Sands Luxury Hotel. This year’s lineup of speakers at Asia Blockchain Week include Crypto-Congressman and Taiwan Legislator Jason Hsu; CTO at…

Bitcoin, Ethereum, Ripple, Bitcoin Cash, EOS, Stellar, Litecoin, Cardano, Monero, TRON: Price Analysis, October 24

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The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph. Every investment and trading move involves risk, you should conduct your own research when making a decision. Market data is provided by the HitBTC exchange. The crypto markets have been consolidating in a small range for the past few weeks. Investors who are currently sitting on the sidelines avoid entering a range bound market, and the volumes have dropped. We expect buying to start after the prices break out…

Air Canada to Integrate Blockchain-Based Travel Distribution Platform

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Canada’s largest airline Air Canada has announced its participation on a blockchain-based travel distribution platform developed by Swiss blockchain startup Winding Tree, according to a press release published Oct. 24. Air Canada was established in 1937 and provides scheduled and charter passengers and cargo air transportation. In 2017, Air Canada carried 48.1 million passengers, with an increase by 7.3 percent compared with 2016, per the company’s 2017 annual report. Air Canada has signed a letter of intent to participate in a decentralized open-source travel distribution platform developed by blockchain travel…