Day: November 12, 2018

Bitcoin Price Watch: BTC/USD Targets Fresh Weekly Lows

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Key Points Bitcoin price declined recently below the $6,300 support before correcting higher against the US Dollar. There was a break above a connecting bearish trend line with resistance at $6,360 on the hourly chart of the BTC/USD pair (data feed from Kraken). The price is struggling to break the $6,380 resistance and the 100 hourly simple moving average. Bitcoin price is trading in a bearish zone below $6,400 against the US Dollar. BTC/USD could decline further towards the $6,250 or $6,220 level in the near term. Bitcoin Price Analysis…

Bitcoin ATMs About to Reach the 4,000 Milestone Worldwide

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Current statistics reveal that Bitcoin ATMs around the globe are about to reach 4,000. Though not as widespread as mainstream ATMs, BTC ATMs seem to experience astronomical growth. In November, the number of such machines worldwide is expected to cross the 4,000 milestone. Bitcoin ATMs almost at 4,000 Over time, Bitcoin ATMs have become increasingly popular across the globe. According to Cointatmradar, a platform that monitors cryptocurrency ATMs around the world, the current number of BTC ATMs stands at 3,991, almost reaching the 4,000 milestone. With the first Bitcoin ATM…

Swiss Crypto Firm Gets Islamic Finance Certification for Sharia-Compliant Stablecoin

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Switzerland-based fintech firm X8 AG has received a certification from the Shariyah Review Bureau (SRB) for its Ethereum-based stablecoin, Reuters U.K. reports Nov. 12. SRB is a leading Sharia consultancy and audit firm licensed by the central bank of Bahrain. It reportedly has a presence in twelve countries, and holds the market share of over 13 percent of Saudi Investment Companies licensed by the country’s Capital Markets Authority (CMA), and over 21 percent of the Cooperative Insurance Firms Listed on the Saudi stock-exchange market. The debate over whether or not…

Cardano Price Analysis: ADA/USD Could Resume Gains Above $0.080

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Key Highlights ADA price corrected lower recently and tested the $0.0738 support area against the US Dollar (tethered). There is a major bullish trend line formed with support at $0.0755 on the hourly chart of the ADA/USD pair (data feed via Bittrex). The pair is likely to climb higher once again above the $0.0780 resistance in the near term. Cardano price is holding key supports against the US Dollar and Bitcoin. ADA/USD could break the $0.0780 resistance as long as it is above $0.0735. Cardano Price Analysis After trading above…

IBM Targets Scientific Research in Latest Blockchain Patent

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U.S. multinational IT company IBM plans to use blockchain to aid scientific research and provide a record of its results, a new patent application filed with the U.S. Patent and Trademark Office revealed Nov. 8. IBM, originally filing the concept in December last year, says it foresees “integrating a blockchain and data collection and analysis for open scientific research.” The application is the latest in a steadily increasing pile of patents sought by the corporation in the blockchain sector, the most recent award coming last week targeted at augmented reality…

Ripple Price Analysis: XRP/USD Could Recover Above $0.5200

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Key Highlights Ripple price extended slides recently, but it found support near $0.4860 against the US dollar. There was a break above a key bearish trend line with resistance at $0.5050 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair is currently trading above $0.5000 and it could recover above $0.5200 in the near term. Ripple price is slowly recovering against the US Dollar and Bitcoin. XRP/USD is positioned nicely for more upsides towards the $0.5200 or $0.5280 levels. Ripple Price Analysis There was a…

Ethereum Price Analysis: ETH/USD Bullish Above $214

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Key Highlights ETH price found a strong support near the $206 level and recovered against the US Dollar. There was a break above a connecting bearish trend line with resistance at $209 on the hourly chart of ETH/USD (data feed via Kraken). The pair is currently moving higher towards the $212 and $214 resistance levels in the near term. Ethereum price is trading in a range against the US Dollar and bitcoin. ETH/USD must move above the $214 resistance to start a solid upward move. Ethereum Price Analysis There were…

Cardano, Zcash, Stellar Surge Prior to Coinbase Listing, XLM up 27%

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Twitter Facebook LinkedIn As the anticipation towards additional cryptocurrency integrations builds following the listing of Basic Attention Token (BAT) and 0x (ZRX), the prices of Cardano (ADA), Zcash (ZEC), and Stellar (XLM) have started to surge. Since November 2, the day BAT was officially integrated into Coinbase Pro and Coinbase.com, XLM, the native cryptocurrency of the Stellar blockchain network, has increased from $0.22 to $0.28, by more than 27 percent. Cardano and Zcash, two cryptocurrencies alongside Stellar, BAT, and 0x Coinbase expressed its interest in May, have also increased substantially…

Bitcoin Cash Price Analysis: BCH/USD Extending Losses Towards $500

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Key Points Bitcoin cash price failed to recover above $550 and declined recently against the US Dollar. There is a crucial bearish trend line formed with resistance at $535 on the hourly chart of the BCH/USD pair (data feed from Kraken). The pair is likely to remain in a bearish zone and it could slide towards the $500 support. Bitcoin cash price is under pressure below $550 against the US Dollar. BCH/USD could accelerate losses towards the $500 and $480 support levels. Bitcoin Cash Price Analysis There was a slow…

SEC Charges EtherDelta Founder Over ‘Unregistered Securities Exchange’

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The U.S. Securities and Exchange Commission (SEC) has charged Zachary Coburn, the founder of crypto token trading platform EtherDelta, with operating an unregistered securities exchange. The regulator said Thursday that EtherDelta, which acts as a secondary market for trading ERC-20 tokens, had been providing a marketplace for buyers and sellers to trade ethereum tokens that the SEC deemed to be “digital asset securities.” It used an order book, an order display website and a smart contract built on ethereum, the agency said. “EtherDelta’s smart contract was coded to validate the…