Day: February 21, 2019

Japanese Banking Giant Mizuho to Launch Its Yen-Pegged Stablecoin in March

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Japan’s banking giant Mizuho Financial Group will launch its bespoke stablecoin for payments and remittance services on March 1, local financial newspaper Nikkei Asian Review reports on Feb. 21. In a partnership with around 60 counterpart financial institutions — which together reportedly host 56 million user accounts — Mizuho’s new “J-Coin” digital currency platform will reportedly directly link existing bank accounts with digital wallets.   Mizuho Financial Group is a public banking holding company that reported over $1.8 trillion in total assets as of Dec. 31, 2018. The currency will…

Bitcoin Price ‘Bull Cross’ Points to Positive Market Shift

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View Bitcoin’s three-day chart is showing a bullish crossover of the 5- and 10-day exponential moving averages for the first time since July. The crossover looks decisive as both EMAs are now trending north, validating the bearish-to-bullish trend change signaled by the high-volume triangle breakout seen on the 3-day chart. The cryptocurrency could test December highs above $4,200 in the near term. A minor pullback to $3,800 may be seen in the next 24 hours, as signs of bullish exhaustion have emerged on the hourly and 4-hour charts. The bullish…

Bitcoin Price ‘Bull Cross’ Points to Positive Market Shift

boss

View Bitcoin’s three-day chart is showing a bullish crossover of the 5- and 10-day exponential moving averages for the first time since July. The crossover looks decisive as both EMAs are now trending north, validating the bearish-to-bullish trend change signaled by the high-volume triangle breakout seen on the 3-day chart. The cryptocurrency could test December highs above $4,200 in the near term. A minor pullback to $3,800 may be seen in the next 24 hours, as signs of bullish exhaustion have emerged on the hourly and 4-hour charts. The bullish…

Bloomberg Shows Complete Misunderstanding of JPM Coin Crediting It with Bitcoin Price Rise

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Photo: David Martin / Flickr Following the news of February 14 about JP Morgan‘s launching its new cryptocurrency dubbed JPM Coin, a lot of controversial responses from crypto community continue to appear on the Web. Some crypto enthusiasts have met the news with promising expectations, while others have taken it with mistrust. However, the most unexpectedly outrageous response came from Bloomberg, the well-known financial media outlet, which reported that the launch of JPM Coin is boosting Bitcoin price. At the time of JP Morgan’s announcement, the crypto market cap was actually down…

More Accuracy, More Transparency and More Efficiency

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The evolving relationship between blockchain tech and the health sector has already been thoroughly documented, yet something that’s received less attention is the increasing role blockchains are set to have in the health insurance industry. This industry was worth over $600 billion in 2017 in the United States alone, while calculations suggest that as much as $375 billion is wasted every year by American insurance companies as a result of the paperwork and administrative box-ticking that comes with having a multi-payer health care system. There is, therefore, a massive opportunity for blockchain-related…

Bahrain’s Central Bank Launches Sandbox for Blockchain Companies: Report

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Bahrain’s central bank is launching a regulatory sandbox to allow blockchain and crypto companies to work in the country, pending formalized regulations. The news was reported by Bloomberg оn Feb. 20. As previously reported, in December 2018, the central bank issued draft proposals to potentially regulate and license crypto asset services. With the prospective framework currently open for consultation, the new sandbox will reportedly allow companies in the sector to work on a trial basis for nine months. Dalal Buhejji, business manager at Bahrain’s Economic Development Board, told Bloomberg the…

Crypto Market Gains $15 Billion in 4 Days Bitcoin Not Ready For $4,000:

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Since February 17, within 4 days, the valuation of the crypto market has increased from $120 billion to $135 billion, by $15 billion. Crypto assets that have outperformed both Bitcoin and the U.S. dollar throughout February in the likes of EOS and Litecoin recorded 4 to 6 percent gains in the past 24 hours, showing strong momentum. Litecoin Surges by More Than 50% in 3 Weeks, Source: TradingView Litecoin, in particular, demonstrated a spectacular rally from $33 to $50, gaining 51.5 percent in less than three weeks. However, a technical…

LA Kings Confirm Release of Blockchain Merchandise Authenticator

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United States ice hockey team the LA Kings have launched a blockchain-based tool for tracking the authenticity of merchandise, executives confirmed in a press release on Feb. 20. A partnership with augmented reality (AR) startup Pro Exp Media, the AR Authentication App provides a way for fans purchasing various items to know that their products are genuine. The release did not reveal the technical workings of the app, but said it relied on various tests and would reject a piece of merchandise if it did not pass all of them.…

Bitcoin Price Watch: BTC Readies For Bullish Acceleration Above $4,000

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Bitcoin price is well supported on the downside near the $3,900 and $3,850 supports against the US Dollar. The price is likely to accelerate gains above the $3,975 and $4,000 resistance levels. There is a major bullish trend line formed with support at $3,900 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could dip a few points, but buyers are likely to protect declines below $3,850. Bitcoin price is likely setting up for the next break above $4,000 against the US Dollar. BTC could…

Crypto Market Could Rally Further: EOS, Bitcoin Cash, TRX, ADA Price Analysis

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The total crypto market cap is preparing for more gains above the $132.5B resistance level. EOS price gained more than 7% recently and broke the $3.80 and $3.85 resistances. Bitcoin cash price is consolidating below the key $150 resistance level. Tron (TRX) price moved back above the $0.0250 resistance, but there was no follow through. Cardano (ADA) price is grinding higher and it could soon test the key $0.0500 resistance area. The crypto market is primed for more gains, with bullish moves in bitcoin (BTC) and Ethereum (ETH). EOS, BCH,…