March 7, 2019

Swiss Stock Exchange SIX to Use R3 Corda Enterprise for Blockchain-Based Trading Platform

March 7, 2019 boss

Switzerland‘s principal stock exchange, SIX Swiss Exchange, has chosen to use blockchain consortium R3’s Corda Enterprise platform for its forthcoming blockchain-powered digital exchange. The news was revealed during the R3-hosted Corda Day event in Singapore on March 6. The SIX Swiss Exchange sees roughly 4.62 billion Swiss Francs (CHF) (~$4.6 billion) in daily turnover, and has a market capitalization of over 1.67 trillion CHF ~($1.6 trillion). As Cointelegraph reported in July 2018, SIX previously unveiled its plans to launch a digital asset ecosystem, dubbed Six Digital Exchange (SDX). In February…

Bitcoin Price Watch: BTC Comeback Is On The Cards

March 7, 2019 boss

Bitcoin price broke the key $3,860 resistance and traded to a new weekly high against the US Dollar. The price is losing bullish momentum, but it is likely to continue above $3,900 and $3,940. There is a key bullish trend line formed with support at $3,850 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair must break the $3,890 and $3,900 resistance levels to continue higher in the near term. Bitcoin price climbed higher slowly above $3,840 and $3,860 against the US Dollar. BTC could…

Binance Coin (BNB) Leading Crypto Market Higher: LTC, TRX, Bitcoin Cash Analysis

March 7, 2019 boss

The total crypto market cap gained traction and broke the key $128.0B resistance level. Binance coin (BNB) price rallied further and broke the $14.00 and $15.00 resistance levels. Litecoin (LTC) price is up more than 10% and it is about to test the $60 resistance. Bitcoin cash price is slowly moving higher towards the $136 and $138 resistance levels. Tron (TRX) price seems to be struggling near the $0.0240 resistance level. Binance coin (BNB) and litecoin (LTC) rallied and dragged the crypto market higher. Bitcoin (BTC), Ethereum (ETH), ripple, bitcoin…

Ripple Price Analysis: XRP Could Rally Significantly If It Breaks $0.3200

March 7, 2019 boss

Ripple price traded higher nicely and settled above the $0.3100 support area against the US dollar. The price traded as high as $0.3198 recently and later corrected a few points below $0.3160. There is a key ascending channel in place with support at $0.3145 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair is likely to accelerate higher once it breaks the $0.3200 resistance area in the near term. Ripple price is positioned for more upsides against the US Dollar and bitcoin. XRP/USD could rally…

Ethereum Price Analysis: ETH Signaling Bullish Continuation Above $140

March 7, 2019 boss

ETH price corrected a few points, but dips remained supported above the $134 level against the US Dollar. The price is slowly grinding higher towards the $139-140 resistance area and it is likely to surpass it. There is an ascending channel in place with support at $136 on the hourly chart of ETH/USD (data feed via Kraken). The pair is likely to continue higher towards $145 as long as it is above the $134 support area. Ethereum price is trading with a bullish bias against the US Dollar and bitcoin.…

Canada Revenue Agency Auditing Crypto Investors

March 7, 2019 boss

The Canada Revenue Agency (CRA), the government’s tax collection service, is reportedly auditing investors in cryptocurrencies like Bitcoin (BTC), Forbes reports on March 6. Citing sources close to the matter, Forbes states that the CRA has sent extensive questionnaires to investors pertaining to their crypto-related activities in recent years. The questionnaires reportedly run 14 pages long with 54 questions and multiple sub-questions. The CRA told Forbes: “In order to protect the integrity of our risk assessment systems, we cannot comment on the specific information or criteria we use to select…

Litecoin’s 130% Rally Since December Set Up Bitcoin (BTC) Halving Rally

March 7, 2019 boss

Litecoin Boom Could Set Precedent For Bitcoin Rally Litecoin (LTC) has recently embarked on a monumental rally. In the past month, the OG Bitcoin fork has moved from $33.2 from $55.4 — a gain of 66% amid bearish market conditions. Since seemingly establishing a bottom in late-December at $23.5, when BTC plummeted to $3,150 in a dramatic sell-off, the asset has posted 130% returns in U.S. dollars. To put this jaw-dropping surge into perspective, within the same time period, the leading cryptocurrency moved from $3,150 to $3,900 — impressive but…

Litecoin’s 130% Rally Since December Set Up Bitcoin (BTC) Halving Rally

March 7, 2019 boss

Twitter CEO Jack Dorsey Alludes to Spending $10,000 a Week on Bitcoin

March 7, 2019 boss

Twitter and Square CEO Jack Dorsey alluded to spending $10,000 per week on Bitcoin (BTC) on the podcast Tales from the Crypt on March 4. On the podcast, Dorsey spoke on how he came to experiment with Bitcoin and what parallels he sees between Bitcoin and Twitter. Speaking about the “Stacking Sat Saturday” — a trend where users buy $25 in BTC every week to show the growing adoption of cryptocurrencies — Dorsey said that “[he] saw that [Stacking Sat Saturday] on Twitter […] I would have participated but I…

Kaspersky Calls for Less Government Control of Bitcoin and More Collaboration

March 7, 2019 boss

Russian cybersecurity expert Eugene Kaspersky has said cryptocurrencies can be a success, but only if governments stop trying to control them or alternatively when all countries unite under a single global government. However, the billionaire does not believe Bitcoin will replace the existing financial system despite the currency’s “great” qualities. Also read: Startup Company Sets Up Bitcoin ATM in Botswana ‘Government of the Earth’ Speaking to the Dubai-based magazine Arabian Business, Kaspersky opined that cryptocurrencies are ahead of their time. “Cryptocurrencies are a great idea, but the world is not…