Day: February 20, 2019

Coinbase Wallet App Adds Bitcoin Cash Support

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Coinbase announced on Tuesday that users of its wallet app can now directly store their bitcoin cash. The app update will be rolled out to all iOS and Android users in the next few weeks. Both Cashaddr and legacy address formats are supported alongside Bitcoin Cash Testnet for developers. Also read: SEC Chair Explains Key Upgrades Needed for Bitcoin ETF Approval Adding BCH Support San Francisco-based digital currency platform Coinbase announced on Tuesday that its noncustodial wallet app now supports bitcoin cash. Siddharth Coelho-Prabhu, Product Lead at Coinbase, wrote that “Starting…

Major Japanese Trading Firm Marubeni Partners with US Blockchain Company LO3 Energy

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Japanese general trading company Marubeni Corporation has partnered with a New York-based blockchain startup to use the technology for its energy business, Marubeni confirmed in a press release on Feb. 20. Marubeni, which has expanded beyond Japan into the United States as well as Europe, selected LO3 Energy’s transactive energy platform as the basis for an ongoing pilot project. The Japanese firm is the country’s fifth largest sōgō shōsha — a type of Japanese company that trades in a variety of products and materials. Using blockchain, the aim of the…

Binance Launches Decentralized Crypto Exchange Testnet

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Major cryptocurrency exchange Binance has launched the testnet of its new decentralized exchange, Binance DEX, according to a press release shared with Cointelegraph on Feb. 20. Per Binance, the exchange, powered by Binance Chain — a new blockchain and peer-to-peer (p2p) distributed system — is already available for customers. Users can create wallets and start exchanging tokens on the Binance DEX testnet. CEO of Binance Changpeng Zhao explained that the new exchange will help users regain control of their private keys: “Binance DEX is a decentralized exchange with a decentralized…

Crypto Insider Assures Now Is A Great Time To Buy Bitcoin (BTC)

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Bogart: Bottom Might Not Be In, But Buying Bitcoin Now Isn’t Nonsensical Just days after Bitcoin (BTC) embarked on a jaw-dropping surge, mainstream media outlets have clamored to cover this topic in a fear of missing out. Bloomberg, which was recently lambasted for its crypto reporting, recently called on Spencer Bogart, a partner at Blockchain Capital, to make an appearance in the context of this latest rally. Like his prior appearances on television, Bogart touted optimism, noting that the cryptocurrency space is as potent as ever. In the recent broadcast, the…

Bitcoin Price Watch: Pullback In BTC Before Fresh Increase

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Bitcoin price extended gains above $3,900 and traded close to the $4,000 resistance against the US Dollar. The price traded as high as $3,973 and later started a downside correction. There is a short term breakout pattern in place with support at $3,875 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair is likely to correct further lower towards the $3,830 or $3,800 support levels before fresh increase. Bitcoin price failed to surpass the $4,000 resistance and corrected lower against the US Dollar. BTC could…

Crypto Market Eyes Additional Gains: BNB, EOS, Bitcoin Cash, Tron (TRX) Analysis

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The total crypto market cap traded towards the $132.5B level and later corrected lower. EOS price traded above the $3.50 resistance and it is currently consolidating gains. Binance Coin (BNB) rallied more than 10% and broke the $10.00 resistance area. Bitcoin cash price is placed nicely above the $140 support, with a bullish bias. Tron (TRX) price failed to stay above the $0.0250 support and later declined. The crypto market started a downside correction, but it remains supported. Dips in bitcoin (BTC), Ethereum (ETH), Binance coin (BNB), BCH, ripple, EOS,…

Ripple Price Analysis: XRP Rally Unwinds But Not Likely Over

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Ripple price gained traction and broke the $0.3400 resistance area before sellers appeared against the US dollar. The price topped near the $0.3460 level and later started a sharp downside correction. Yesterday’s highlighted major bullish trend line is intact with support near $0.3190 on the hourly chart of the XRP/USD pair (data source from Kraken). The price is likely preparing for a fresh upward move as long as it is above the $0.3100 support area. Ripple price rallied sharply before trimming most of its gains against the US Dollar and…

Bitcoin Cash Merchant Acceptance Is Thriving in These 3 Regions

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Bitcoin Cash supporters are all about spreading adoption, and many enthusiasts are relentlessly trying to get people to try BCH and merchants to accept the cryptocurrency for payments. Right now, there are three regions in the world with a significant number of BCH merchants: Slovenia, North Queensland, and Japan, areas which continue to add a slew of new brick n’ mortar stores every day. Also read: Regulations Have Ruined the Physical Bitcoin Industry Three Regions With Lots of Bitcoin Cash Accepting Merchants Bitcoin cash merchant acceptance is growing. According to Marco…

Ethereum Price Analysis: ETH Remains Buy On Dips, 100 SMA Holds Key

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ETH price started a downside correction after testing the $149-150 resistance area against the US Dollar. There was a break below a key bullish trend line with support at $146 on the hourly chart of ETH/USD (data feed via Kraken). There was an increase in selling pressure and the price tested the $139-140 support area. A few important supports are in place near the $141, $140 and $136 levels. Ethereum price started a short term correction against the US Dollar and bitcoin. ETH/USD must stay above $136 and the 100…

No Internet, No Problem: How to Send Bitcoin by Amateur Radio

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In an age where governments are trigger happy at censoring or shutting down networks, it is reassuring to know that Bitcoin can operate sans internet. Network censorship, after all, is not some dystopian storyline but a power exercised by many democratic governments across the world. Thankfully, there are solutions that enable people to send and receive bitcoin even in a worst case scenario. For an advanced technology, it turns out that cryptocurrency can get surprisingly low-tech. Also read: Bitcoin and Weak Frequency Signals: Bypassing Network Censorship With Radio Send Bitcoin by…