June 3, 2019

Analysts Wary After Bitcoin (BTC) Almost Loses Multi-Week Winning Streak

June 3, 2019 boss

Bitcoin Almost Slips During Weekly Close You may not have realized it, but Bitcoin (BTC) just closed its weekly candle. Despite the fact that BTC tapped $9,100 this week, the cryptocurrency closes this week’s candle rather weak. As pointed out by analyst Joe McCann, for the first time in four-odd weeks, BTC’s upward momentum has slowed dramatically, with the recently-closed candle looking rather skimpy. Or in other words, “the weekly chart [is] looking at bit out of gas for Bitcoin.” What’s equally as harrowing is that there has been a…

Bitcoin (BTC) Price Consolidating Gains: Downside Thrust Before Higher

June 3, 2019 boss

Bitcoin price started a decent upward move above the $8,500 level against the US Dollar. The price is trading with a positive tone above $8,600 and the 100 hourly simple moving average. There is a key bullish trend line forming with support at $8,640 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair is currently consolidating and it could soon climb above the $8,800 resistance. Bitcoin price is currently trading in a range above $8,600 against the US Dollar. BTC could start a sharp upward…

Bitfinex Plans to Launch Lightning Network Support for Stablecoin Tether: Report

June 3, 2019 boss

Major cryptocurrency exchange Bitfinex is looking to launch the USDT stablecoin operated by sister firm Tether on the Lightning Network (LN), crypto news outlet The Block reported on May 31. Per the report, Bitfinex’s chief technology officer Paolo Ardoino told the outlet that the company plans to launch USDT on LN later this year. To pursue this objective, the firm reportedly joined the RGB open source development project. According to its GitHub repository, the RGB project is “a completely free, open-source, non-profit and community-oriented effort, promoted by the BHB Network…

Ethereum (ETH) Price Showing Signs of Weakness: $250 Holds Key

June 3, 2019 boss

ETH price recovered recently, but it struggled to clear the $275 resistance against the US Dollar. The price is currently under pressure and it could decline below the $260 support area. There was a break below a major bullish trend line with support at $270 on the hourly chart of ETH/USD (data feed via Kraken). The pair is currently showing bearish signs and it could decline towards the $250 support area. Ethereum price is slowly moving lower versus the US Dollar and bitcoin. ETH price could decline towards the $250…

EOS Holders Vote to Reduce the Annual Inflation From 5% to 1%

June 3, 2019 boss

EOS holders voted to reduce the annual inflation rate from 5% to 1% as of June 1, according to data on the voting platform maintained by EOS Block Producer (BP) EOS Authority. According to the poll’s description, out of the current 5% of annual EOS inflation, 4% is being accumulated in the eosio.saving account while 1% is distributed among BPs in exchange for network maintenance. About 3.6 million EOS are reportedly created and sent to this on-chain account every month, and this number increases due to compound inflation mechanisms. The…

Bitcoin Fees On The Rise, BitMEX & Coinbase Should Batch Txs: Bitrefill CEO

June 3, 2019 boss

Bitcoin Fees On The Rise With the uptick in the Bitcoin (BTC) price, transaction fees have been on the rise again. While users could send transactions with a $0.03 fee at the bottom of the bear market, most transactions are now sent with $1 or $2 fees. Some skeptics, like the @Bitcoin Twitter handle, have been claiming that this is the end of the world, singing the praises of forks and alternatives as a way to transact value between wallets. (This shouldn’t be surprising, we saw this in the last…

Reshaping a Nation’s Logistics Sector: Singaporean Blockchain Company PLMP Cuts Multimillion Dollar Deal With Indonesia

June 3, 2019 boss

About Richard Kastelein Founder and publisher of industry publication Blockchain News (EST 2015), a partner at ICO services collective Token.Agency ($750m+ and 90+ ICOs and STOs), director of education company Blockchain Partners (Oracle Partner) – Vancouver native Richard Kastelein is an award-winning publisher, innovation executive and entrepreneur. He sits on the advisory boards of some two dozen Blockchain startups and has written over 1500 articles on Blockchain technology and startups at Blockchain News and has also published pioneering articles on ICOs in Harvard Business Review and Venturebeat. Irish Tech News…

Reshaping a Nation’s Logistics Sector: Singaporean Blockchain Company PLMP Cuts Multimillion Dollar Deal With Indonesia

June 3, 2019 boss

If Bitcoin is to Correct, BTC Breaching $9,700 Still Possible

June 3, 2019 boss

Bitcoin Has Upside Potential Over the past few months, Bitcoin (BTC) has been on an absolute tear, rallying from $4,200 to $8,800 as of the time of writing this. This represents a gain of over 100%. Yet, with this monumental move higher, which has been one of Bitcoin’s best two-month periods ever, analysts have tried to keep a level head, expecting for a drawdown. While the case for a pullback has been laid out rather well, some are sure that BTC still has a bit of legroom when it comes…

Swisscom TV Opens Blockchain-based Art Gallery

June 3, 2019 boss

The post Swisscom TV Opens Blockchain-based Art Gallery written by Richard Kastelein appeared first on Blockchain News – Security and Utility Tokens, Tokenomics, Cryptoeconomics Swiss company dloop is launching a platform that allows art to be distributed and financed on a new platform called NOOW – which is available as an app exclusively on Swisscom TV (UHD-ready TV-Box from Swisscom) and will include 100 works by 30 international artists “This is about more than creating a virtual gallery; the […] The post Swisscom TV Opens Blockchain-based Art Gallery written by…