Day: June 11, 2019

Facebook’s Global Coin Is A Threat to Bitcoin Cash, BCH Down 3.7%

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BCH down 3.7 percent Facebook’s Global coin will disrupt public chains like Bitcoin cash Because of Facebook’s broad base and active users exceeding 2 billion, the Global coin is an existential threat to Bitcoin Cash. Currently, BCH is consolidating against the USD, down 3.7 percent. Bitcoin Cash Price Analysis Fundamentals Perhaps, for the neutral, Bitcoin Cash is indeed what Bitcoin failed to be. That is Cash. According to Bitcoin’s whitepaper, the peer-to-peer cash system was, first of all, supposed to be a medium of exchange. However, grappled with scalability concerns…

Bitcoin (BTC) Price Recovers Sharply: Is This A Real Bullish Move?

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Bitcoin price started a fresh upward move after trading as low as $7,519 against the US Dollar. The price gained pace above the $7,700 resistance and even traded above $7,800. Yesterday’s highlighted key bearish trend line was breached with resistance near $7,780 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair is showing positive signs above the $7,800 support and the 100 hourly simple moving average. Bitcoin price started a strong rebound above $7,700 and $7,800 against the US Dollar. However, BTC must gain pace…

Local.Bitcoin.com Shows Lots of Active BCH Listings From Traders Worldwide

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Six days ago news.Bitcoin.com announced the launch of Local.Bitcoin.com, a peer-to-peer marketplace that allows people to trade bitcoin cash (BCH) in a private manner. Since then there have been roughly 14,000 accounts created so far, and many people are actively trading throughout various countries worldwide. Also read: G20 Starts Crypto Discussions – A Look at Global Standards Local.Bitcoin.com Spreading Free Trade Everywhere On June 4, in honor of the 30th anniversary of the Tiananmen Square protests, Bitcoin.com launched our peer-to-peer BCH marketplace. Since then many individuals have executed trades on…

Ethereum (ETH) Price Grinding Higher: $255 Presents Crucial Challenge

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ETH price started a steady rebound above the $240 and $245 resistance levels against the US Dollar. The price traded close to the $250 resistance area and it is currently consolidating in a range. There was a break above a key bearish trend line with resistance near $237 on the hourly chart of ETH/USD (data feed via Kraken). The pair is currently trading with a positive bias, but it might struggle near $252 and $255. Ethereum price is showing signs of a decent recovery versus the US Dollar, similar to…

New Report Reviews Blockchain Applications by US Federal Government

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The research organization Data Foundation and IT firm Booz Allen Hamilton have published a report with five proposed questions to guide the United States federal government on where and how to implement blockchain initiatives. Their research was published in the report “Bringing Blockchain Into Government: A Path Forward for Creating Effective Federal Blockchain Initiatives” on June 10. According to the report, blockchain solutions make the most sense when applied to some sort of procedure with a predetermined level of consistency and a low level of agility, assuming that the immutable…