Day: October 29, 2018

Israel Has Over 200 Domestic Blockchain Startups: Industry Body

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Israeli Blockchain Association, an organization whose primary objective is to educate, develop and empower Israel’s distributed ledger technology (DLT) community, encourage best practices and connect it with global leaders in the blockchain space, has released its third Israeli Blockchain Startup Map. According to a recent press release by the organization, there are now more than 200 blockchain-based businesses in Israel. Israeli Blockchain Adoption Steadily on the Increase Blockchain technology, the groundbreaking technology behind bitcoin and other cryptoassets are undoubtedly gaining broader adoption across various industries around the world. Now, per a…

US Cleaning Supplies Firm To Open Blockchain Rewards-Based Recycling Centers in Indonesia

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U.S. manufacturer of household cleaning supplies SC Johnson and environmental organization Plastic Bank will open several plastic recycling centers in Indonesia, offering locals tokens for waste collection, according to a press release published Sunday, Oct. 28. SC Johnson, which owns such brands as Glade, Ziploc and Mr. Muscle, has revealed recent scientific data on the plastic pollution of the ocean, stating that five Asian countries — China, Indonesia, the Philippines, Vietnam, and Thailand — account for more than 55 percent of the plastic waste leaking into the ocean. With the…

Ripple Price Analysis: XRP/USD Turns Bullish Above $0.4540

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Key Highlights Ripple price traded higher recently and broke the $0.4540 resistance against the US dollar. There was a break above a major contracting triangle with resistance at $0.4560 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair is currently trading in a bullish zone above the $0.4540 and $0.4550 support levels. Ripple price gained traction recently against the US Dollar and Bitcoin. XRP/USD may continue to trade higher as long as it is above $0.4540 and the 100 hourly SMA. Ripple Price Analysis After…

BitGo Launches Ethereum-based “Wrapped Bitcoin” for Providing Liquidity to dApps and DEXs

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On October 26, 2018, crypto-finance company BitGo announced the launch of Wrapped Bitcoin (WBTC), an ERC20-compliant token built on the Ethereum blockchain and collateralized on a one-to-one basis with bitcoin. “Power of Bitcoin” Described as the “Power of Bitcoin and the Flexibility of ERC20,” the token’s website notes a majority of bitcoin trading takes place on centralized exchanges, which causes decentralized counterparts to face low liquidity and participation. To address the above concerns, WBTC is aimed at providing greater liquidity to Ethereum-based applications and decentralized exchanges (DEX) with a bitcoin-equivalent…

US Blockchain Engineers Earning as Much as AI Specialists

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The fast-growing blockchain technology sector has created a high demand for talent and this has consequently resulted in blockchain engineers being among the best-remunerated in the tech sector. According to CNBC, the average pay for blockchain engineers in the United States is between US$150,000 and US$175,000 making it comparable to what developers who specialize in another high-demand field, artificial intelligence, make. The two fields now currently offer the highest-earning specialized engineering roles. Typical software engineers make an average of US$135,000. Surge in Openings This comes at a time when the…

Ethereum Price Analysis: ETH/USD Attempting Upside Break

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Key Highlights ETH price traded higher recently and tested the $203-204 resistance zone against the US Dollar. There is a major bearish trend line in place with resistance at $203 on the hourly chart of ETH/USD (data feed via Kraken). The pair could break the $203 and $204 resistance levels to climb higher in the near term. Ethereum price is slowly moving higher against the US Dollar and bitcoin. ETH/USD must clear the $204 level to move further higher in the near term. Ethereum Price Analysis During the past few…

Major Utility Company Launches Blockchain-Based Solar Energy Marketplace

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SP Group, a major corporation providing electricity and gas transmission in Singapore, has launched a blockchain-powered renewable energy certificate (REC) marketplace, the company reveals in a press release Monday, Oct. 29. The platform was unveiled at the ASEAN Energy Business Forum held in Singapore this week. The press release notes that SP Group plans to use blockchain to help the company increase transparency and efficiency. Samuel Tan, chief digital officer of the corporation, further explained: “Through blockchain technology, we enable companies to trade in renewable energy certificates conveniently, seamlessly and…

Bitcoin Cash Price Analysis: BCH/USD Could Recover Towards $445

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Key Points Bitcoin cash price is forming a decent support near the $430-432 zone against the US Dollar. There was a break above a key bearish trend line with resistance at $434 on the hourly chart of the BCH/USD pair (data feed from Kraken). The pair may slowly recover towards the $440 and $442 levels in the near term. Bitcoin cash price is consolidating above $430 against the US Dollar. BCH/USD could recover if buyers gain momentum above the $438 level. Bitcoin Cash Price Analysis There were a couple of…

Bitcoin (BTC) Price Watch: Sellers Waiting at Area of Interest

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Bitcoin Price Key Highlights Bitcoin price continues to trade inside its descending channel on the 1-hour time frame. Price looks ready for a pullback to the resistance and the Fib retracement tool shows where sellers might be waiting. Technical indicators also seem to be suggesting that the downtrend might resume at some point. Bitcoin is in the middle of a pullback from its selloff and might be due to test the resistance at these Fibonacci levels. Technical Indicators Signals The 100 SMA is safely below the longer-term 200 SMA on…

China’s support of BTC Very bullish

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China is important. It is home to the largest Bitcoin mining companies and their citizens are fast adopters. Therefore, the recent court ruling is bullish and could fast-track Bitcoin loss reversal driving prices back above $7,000 in the process strengthening market confidence. So far, BTC/USD pair is stable and down one percent in the last week as prices trade in tight trade ranges. Latest Bitcoin News As reported earlier, Shenzhen Court of International Arbitration has declared Bitcoin property allowing merchants as well as individuals to own and even transfer Bitcoin…