Day: December 27, 2018

Ethereum Price Analysis: ETH Is At Risk of More Losses Below $121

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Key Highlights ETH price recovered a few points, but it failed to clear the $130 and $131 resistances against the US Dollar. There is a major bearish trend line in place with resistance at $130 on the hourly chart of ETH/USD (data feed via Kraken). The pair is likely to struggle near $130 and it may decline further in the short term. Ethereum price is facing an uphill task against the US Dollar and bitcoin. ETH/USD may continue to face a strong resistance near the $130 zone. Ethereum Price Analysis…

UN Partnership to Roll Out Blockchain-Based Telemedicine, Telepsychology in East Africa

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The United Nations Office on Drugs and Crime (UNODC) will reportedly partner with blockchain-based telemedicine and telepsychology firm doc.com to expand free basic healthcare services across Eastern Africa. News of the partnership was shared with Cointelegraph in an email on Dec. 26. In an officially sealed letter signed on Dec. 20 by Amado Philip de Andres, Regional Representative for UNODC’s Regional Office for Eastern Africa (ROEA), de Andres wrote that the organization is “willing to cooperate […] in a new partnership.” Doc.com is a tech firm that offers blockchain-based 24/7…

Wine Retailer to Buy Japanese Bitcoin Exchange Bitocean

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News Madison Holdings Group Ltd. has agreed to buy 67.2 percent of Japanese cryptocurrency exchange Bitocean for 1.68 billion yen ($15.12 million). Inclusive of fees, the wines and alcoholic beverages company will pay a total $30.12 million. According to local media reports, the deal is to be completed through a subsidiary, Madison Labs. Also read: Cryptocurrency Exchanges Delist Dozens of Struggling Altcoins Acquisition to Diversify Operations and Expand Income Sources Madison is an investment holding company popular for selling top-end French wines. The $546 million-valued company is listed on the Hong…