April 2, 2019

Volumes Up 5X As Ripple (XRP) Prices Break-out From a 3-Month, 4 Cents Range

April 2, 2019 boss

Ripple price revival, up 12 percent SWIFT competition increase, after Ripple now CIPS After 20 million XRPs were stolen from BitHumb, exchanges should put in place measures to jealously protect their reputation as well as shield user funds. Yes, there are losses but there shouldn’t be wholesale condemnation as exchanges play a critical role of injecting liquidity in the market. Besides, as a fiat-crypto or crypto-crypto on-ramp, they help in drawing demand, spurring adoption which boosts penetration of assets as Ripple (XRP). Ripple Price Analysis Fundamentals Exchanges are struggling with…

Bitcoin Price Jumps 20% on Technical Breakout

April 2, 2019 boss

It has been a while since we last saw a major Bitcoin price increase, but Tuesday seems to be a big day for crypto traders as BTC jumped over 20% to cross the physiological mark of $5000 on the Luxembourg-based Bitstamp exchange. Other virtual currencies also rose, with Ethereum (ETH) and Bitcoin Cash (BCH) climbing around 10%. Bitcoin, the world’s largest and most popular cryptocurrency by market capitalization, saw a sudden jump of about 17% within 30 minutes on Tuesday, hitting its best level since mid-November 2018. Although many key…

Food Tech Giant Bühler Reveals ‘Blockchain-Ready’ Tools to Combat Salmonella and E. Coli

April 2, 2019 boss

Swiss food technology giant Bühler introduced two food safety products that can potentially integrate blockchain at the Microsoft booth at the Hannover Messe industrial event in Germany on April 1. The company reported the news in a press release published the same day. The so-called “blockchain-ready” products presented by the company are a tool aiming to reduce microbial contamination in dry goods, dubbed Laatu, and Tubex Pro, a scale system that self-optimizes and produces a constant flow of production data. Both solutions are connected to the Bühler Insights Internet of…

Monero (XMR) Register Double-Digit Gains Even as Hash-Rate Plunge

April 2, 2019 boss

Monero price up 27 percent after closing above $60 Tokenomy Exchange now support Monero (CMR) Two weeks after the Boron Butterfly update, Monero (XMR) is surging, up 27 percent and trending within a bullish breakout pattern. With the upgrade, the network is secure after patching Big Bang and decentralized thanks to ASIC resistance. Monero Price Analysis Fundamentals Like hard, fiat money, Monero is anonymous. However, it doesn’t stop there. The coin is perfect for the internet, is digital, blockchain based and global meaning that it bears some properties like Bitcoin…

Elon Musk Reveals His Favorite Crypto

April 2, 2019 boss

Billionaire Elon Musk has a favorite cryptocurrency — Dogecoin (DOGE). We knew Musk was a fan of crypto after he touted the brilliance of bitcoin, suggesting paper money would eventually disappear. His preference for Dogecoin comes as a welcome surprise and has emboldened the meme-happy community. After months of the crypto community trying to get Musk’s attention with the BTC Lightning Torch, the Tesla founder finally took the bait, only it wasn’t bitcoin. Musk responded to an April Fools’ Dogecoin poll in which he is named among potential CEO candidates…

Bitcoin (BTC) Prices Explode after Fool’s Day with “Zero” Fundamentals

April 2, 2019 boss

Bitcoin prices uptick, up 22 percent Fundamentals and analyst signal buy Mark Dow says Bitcoin (BTC) is buyable, and true to his word, it is. The coin is up 22 percent in the last week thanks to today’s upswing thrusting the asset above $4,500. With favorable candlestick arrangements, Bitcoin (BTC) will likely test $6,000 in short to medium term. Bitcoin Price Analysis Fundamentals There is a transition and bulls are back. In 30 short minutes, Bitcoin (BTC) prices spiked to above $5,000 and, in the process, cleared $4,500, a significant…

PayPal Makes Its Historic First Blockchain Investment

April 2, 2019 boss

Photo: PayPal News / Twitter The tendency to join the crypto world either directly or indirectly became rather popular among more traditional businesses comparatively not so long ago but today nobody is surprised when some information of this kind appears here and there. First Investment This time online payments giant PayPal has made the community speak about it as it has taken a decision to make its first-ever investment in a blockchain technology company. As it has been recently announced, the company joined the extension of Series A investment in…

Bitcoin’s Price Rises Above Major Moving Averages In First Since 2018

April 2, 2019 boss

Bitcoin’s price emerged above three major moving averages for the first time in nearly 15 months on Tuesday. The development is a byproduct of the cryptocurrency’s surge above $5,000 during Tuesday’s trading session, representing an increase in excess of 20 percent. A moving average (MA), when used in financial analysis, is simply a continuously calculated average of a certain economic factor like price or trading volume over a specified period of time. The moving average is particularly useful for smoothing out short-term fluctuations in the data set to identify the…

Bitcoin’s Price Rises Above Major Moving Averages In First Since 2018

April 2, 2019 boss

5 Reasons Bitcoin Bull Rally is Just Starting after 2019-High Above $5,000

April 2, 2019 boss

The bitcoin price briefly crossed the $5,000 in several major regions on April 2, officially surpassing the $4,800 mark in global average price. The bitcoin price surges 19 percent within minutes (source: coinmarketcap.com) The somewhat expected increase in the price of bitcoin left many investors, including industry executives, bewildered about the factors that led the dominant cryptocurrency to surge. 1st Factor: A Purely Technical Move Throughout the past week, CCN reported that the $4,200 resistance level is crucial for the near-term price movement of bitcoin and once the level is…