Day: March 8, 2019

Bitcoin Struggles to Pass Price Hurdle But Bull Outlook Intact

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View Bitcoin’s short-term outlook remains bullish while prices are held above $3,658 (the low of the long-tailed doji created on Feb. 27). A break above $4,000, however, could be preceded by a pullback to $3,750 if another rejection at a newfound resistance of $3,900 ends up breaching the bullish higher low of $3,826 on the hourly chart. A UTC close below $3,658 would confirm a short-term bearish reversal, although that looks unlikely. Bitcoin’s (BTC) repeated failure to beat resistance at $3,900 is a slight cause of concern for the bulls.…

Revolut App Now Lets Users Auto-Trigger Cash and Crypto Exchanges

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Mobile finance app Revolut has launched a new feature allowing users to “auto-exchange” cash and cryptocurrencies. The firm announced Tuesday that its over 4 million users can now automatically exchange, say, U.S. dollar (USD) to bitcoin (BTC) or ether (ETH) to XRP, based on a pre-set target rate. Fiat-to-fiat exchanges are also possible. Once a target rate is set in the app – either above or below current rates – Revolut said the exchange will trigger once the target has been reached. It warns, though, that the achieved rate could be…

IBM Reveals Two Further Blockchain Patents for Security And Database Management

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Multinational computing giant IBM is adding to its stack of blockchain patents with two new applications, the United States Patent and Trademark Office confirmed, publishing documents on March 5. According to one patent document, IBM now seeks to target network security using blockchain technology. A second patent focuses on database management using the tech. “Securing a data log using monitor security protocols may be accomplished with different levels of security, ranging from low security to high security, and have various combinations of hardware and software configurations,” the description of the…

Bitcoin Volume Research: Bitcoin is in a Phase of Continuous Development, and Here’s Why

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Photo: DataLight / Facebook The bear market in 2018 was the strongest in Bitcoin’s history. This is due to the market indicators, which often have an impact on people’s minds in relation to any asset. However, people rarely delve into fundamental indicators, which is what we decided to do. Bitcoin commissions reached $30 in early 2018. Now, this figure is at 18 cents— a reduction of more than 99%. After analyzing the previous years, we concluded that the last time such a level of commission was observed was from 2016,…

Sometimes Gov’t Should ‘Stay out of the Way’

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A United States senior government official said that the country was closely monitoring global approaches to blockchain in a speech at the 4th Annual DC Blockchain Summit on March 6. The event, organized by blockchain advocacy group the Chamber of Digital Commerce (CDC), featured various influential speakers from U.S. politics. This year, discussing domestic and coordinated international efforts around blockchain, Acting Under Secretary of State for Economic Growth, Energy, and the Environment, Manisha Singh, explained that the Trump Administration was busy surveying other states’ activities in the area. Speaking about…

‘Dr. Doom’ Roubini Doubles Down On Bitcoin (BTC) Bubble Quip

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Bitcoin Still The Father (and Mother) of Market Bubbles The recent crypto market has only imbued long-time Bitcoin cynic, economist Nouriel Roubini, with more strength. In a recent interview, the Stern School at New York University professor, also known as Dr. Doom due to his relentless cynicism towards certain markets, explained this subject matter. He explained that from his standpoint, the “while crypto space is one of [those] asset [classes] that are not really money.” Backing his call, he went on to bash cryptocurrencies as a whole, noting that they…

‘Dr. Doom’ Roubini Doubles Down On Bitcoin (BTC) Bubble Quip

boss

Bitcoin Still The Father (and Mother) of Market Bubbles The recent crypto market has only imbued long-time Bitcoin cynic, economist Nouriel Roubini, with more strength. In a recent interview, the Stern School at New York University professor, also known as Dr. Doom due to his relentless cynicism towards certain markets, explained this subject matter. He explained that from his standpoint, the “while crypto space is one of [those] asset [classes] that are not really money.” Backing his call, he went on to bash cryptocurrencies as a whole, noting that they…

Bitcoin (BTC) Price Watch: Bullish Break Above $4,000 Looming

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Bitcoin price is currently consolidating above the $3,820 and $3,840 supports against the US Dollar. The price placed in a positive zone, with a bullish angle towards the $4,000 resistance. There is a symmetrical triangle pattern formed with resistance at $3,880 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair will most likely break the $3,880 and $3,900 resistance levels to climb above or challenge $4,000. Bitcoin price is forming a bullish breakout pattern above the $3,800 support against the US Dollar. BTC could surge…

Crypto Market At Crucial Juncture: Bitcoin Cash, EOS, XLM, TRX Price Analysis

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The total crypto market cap faced a strong resistance near $130.0B and declined. Bitcoin cash price failed to break the $134 resistance and declined towards $130. EOS price is currently correcting lower and it may test the $2.65 support level. Stellar (XLM) price failed to move above the $0.0900 resistance and declined. Tron (TRX) is declining towards the $0.0225 and $0.0220 support levels. The crypto market is facing a strong resistance and upsides are capped in bitcoin (BTC) and Ethereum (ETH). It seems like BCH, EOS, ripple, stellar (XLM) and…

Ripple Price Analysis: XRP at Major Crossroads But 100 SMA Holds Key

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Ripple price failed to surpass the $0.3200 resistance and started a downward move against the US dollar. The price traded below the $0.3140 support and it is now approaching the key $0.3080 support. There is a new declining channel formed with resistance at $0.3125 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair is under pressure and it seems like it could tumble if there is a break below the 100 hourly SMA. Ripple price is slowly grinding lower against the US Dollar and bitcoin.…