Day: March 7, 2019

Three Price Resistance Levels to Beat for Bitcoin’s Bulls

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View Bitcoin’s bull revival, as signaled by the weekly chart indicators, is still in the nascent stage and will likely become more entrenched if and when prices clear the resistance levels at $4,190, $4,236 and $4,388. A high volume break above the three resistance levels could be followed by a rally to highs above $5,000. Bitcoin could challenge resistance at $4,190 in the next few days, as a strong bounce from the ascending 5-week moving average (MA) seen earlier this week has restored the short-term bullish view signaled by a…

Three Price Resistance Levels to Beat for Bitcoin’s Bulls

boss

View Bitcoin’s bull revival, as signaled by the weekly chart indicators, is still in the nascent stage and will likely become more entrenched if and when prices clear the resistance levels at $4,190, $4,236 and $4,388. A high volume break above the three resistance levels could be followed by a rally to highs above $5,000. Bitcoin could challenge resistance at $4,190 in the next few days, as a strong bounce from the ascending 5-week moving average (MA) seen earlier this week has restored the short-term bullish view signaled by a…

Alfa-Bank and the Marco Polo Network join to Optimize Trade Finance with Blockchain technology

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Alfa-Bank today announced that it joined the Marco Polo Network, the largest and fastest growing trade finance network leveraging Corda Blockchain technology. advertisement According to Dina Merkulova, Head of Trade Finance of Alfa-Bank, the merge is about to bring significant efficiencies in financing trade and working capital: “In line with our objective to offer to our clients the best trade and supply chain finance services, we are looking to leverage the newest technology, including open APIs and distributed ledger technology (DLT), to deliver end-to-end solutions, better customer experience and optimize…

Coinbase Bought Neutrino for $13.5 Million, Acquisition Contract Allegedly Shows

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Major United States cryptocurrency exchange Coinbase had bought blockchain intelligence startup Neutrino for $13.5 million, according to an acquisition contract reportedly obtained by Bitcoin Magazine on Wednesday, Mar. 6. The legal document, whose authenticity has not been independently verified by Cointelegraph, is dated Feb. 15, and it reportedly provides the exact amount of the two firms’ purchase contract, which was previously unknown. The document states that the crypto exchange has agreed to acquire “the units of the respective total ownership representing the entire share capital of the Company [Neutrino].” According…

E-Commerce Giant Considering Blockchain Use in Complex Supply Chains

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Liu Song, vice president of Chinese e-commerce giant Alibaba Group, has said in an interview that the company is considering blockchain tech implementation for cross-border  supply chains. Song’s remarks were noted in an article published by China’s largest state-owned newspaper, People’s Daily, on Wednesday, March 6. Song underlined that in the future, Alibaba can implement blockchain in complex supply chains to create a closed-loop ecological system that could be linked with local governments. Alibaba also plans to develop new technologies such as Internet of Things (IoT) and blockchain in the…

Ripple CEO: I Don’t Know What Problems Does JPMorgan Coin Solve

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Brad Garlinghouse, the CEO of cross-border payment giant Ripple, has weighed in on JP Morgan’s USD-pegged stablecoin, again. While Brad Garlinghouse had some words of praise for JPM Coin, he generally dismisses the idea it has the potential to be adopted by banks. During a fireside chat at the Chamber of Digital Commerce’s D.C. Blockchain Summit in Washington, Garlinghouse said he thinks it’s “great” to have major financial players like JPMorgan “leaning in.” But, he quickly added: “That’s the only nice thing I’m going to say about this.” While being…

‘Just Use the Dollar, I Don’t Get It!’

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Ripple (XRP) CEO Brad Garlinghouse says the recently-announced digital asset from United States banking giant JPMorgan Chase lacks the interoperability that would make it a significant innovation. Garlinghouse made his remarks during an interview at the 4th Annual DC Blockchain Summit in Washington D.C. on March 6. As Cointelegraph has reported, JPMorgan Chase announced the forthcoming launch of its new blockchain settlement offering in mid-February: a stablecoin dubbed JPM Coin, to be backed 1:1 by the bank’s USD reserves. Alluding to multiple industry commentators’ suggestions that the bank’s coin could…

Binance Coin Spikes 13%; Can Explosive Tokens Boost Bitcoin to $4,200?

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Binance Coin (BNB), the native crypto asset of Binance Chain, a blockchain network developed by the world’s largest cryptocurrency exchange, has spiked by 13 percent again, extending the momentum of Bitcoin and the rest of the market. Within one month, the price of Binance Coin has surged from $7.8 to $15.31 by more than 96 percent against the U.S. dollar. 1-Month Price Chart of Binance Coin (Source: Coinmarketcap.com) Off of its recent price movement, Binance Coin overtook Tether, the most dominant stablecoin in the cryptocurrency market, to become the 7th…

Crypto ‘Won’t Turn Out to Be a Complete Delusion’

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British economic and financial historian Niall Ferguson says that cryptocurrencies will not turn out to have been a complete delusion, as he had once assumed. The historian — who authored a book on the history of currencies, “The Ascent of Money” —  made his remarks at a private event during the Australian Financial Review (AFR) Business Summit earlier this week, the AFR reported on March 6. “I was very wrong. Wrong to think there was no […] use for a form of currency based on blockchain technology,” Ferguson is reported…

Bitcoin, Ether, and XRP Weekly Market Update March 7, 2019 – BTCMANAGER

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The total crypto market cap gained $3.8 billion of its value for the past seven-day period and rose to $134.1. By the time of writing, bitcoin (BTC) is trading at $3,965, while ether (ETH) stands at $141. XRP’s Ripple is at $0.322. BTC/USD Bitcoin closed February 28 at $3,893 on the Bitfinex daily chart after trading in the wide range between $3,876 and $3,989 during the day session. The BTC/USD pair closed the second month of the year with a 12 percent increase and the first green candle on the…