Day: June 13, 2019

R3 Develops Blockchain Platform With Major Banks and Stock Exchange

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Blockchain software consortium R3 revealed that it is developing a blockchain platform in Brazil with banks Bradesco, Itau and B3, Cointelegraph Brazil reported on June 12. The R3 Consortium — which is composed of large banks and technology companies — announced during the CIAB Febraban event in São Paulo that it is currently collaborating with Brazilian banks. During the event, R3 executives claimed that the consortium partnered with Itau and Bradesco banks to build a blockchain-enabled platform for foreign trade and insurance. The consortium — which recently opened an office…

Reuters, Bloomberg Terminals, TradingView Add AI-Powered Crypto Index for Top 100 Coins

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The half a million traditional traders that use the Reuters and Bloomberg financial terminals will now have access to an index for the 100 strongest-performing cryptocurrencies and tokens. The terminals’ support of the “CIX100” index — developed by AI-powered cryptocurrency index provider Cryptoindex — was revealed in a press release shared with Cointelegraph on June 13. CIX100 is the result of an analysis of over 1,800 coins, selected on the basis of their having consistently held a position in the top 200 for over three consecutive months and being traded…

Bitcoin Price & Technical Analysis: BTC is There and Backed Again

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Photo: Shutterstock By Dmitriy Gurkovskiy, Chief Analyst at RoboForex. The Bitcoin may have hard time in July. The largest South Korea bank to start using cryptocurrency. On W1, the major crypto reached 38.20% Fibo, and the uptrend stopped. The new target may lie at $6465, which is the support. Still, the Stochastic is definitely up after forming a golden cross, so the BTC may continue rising to 50% and 61.80% Fibo, or $10,170 and $11,840, respectively. Photo: Roboforex / TradingView On D1, the BTC is aimed at the current channel…

CUTcoin: anonymous cryptocurrency based on PoS consensus

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CUTcoin — Concealed Untraceable Transaction coin — is the world’s first cryptocurrency that combines total anonymity and Proof-of-Stake consensus algorithm. CUTcoin enables untraceable and anonymous transactions: using a distributed public ledger, the sender and receiver are kept anonymous. The development team was repelled from the base code of Monero (CryptoNight algorithm), which was significantly improved. CUTcoin emission started in December 2018 with PoW mining stage (2% of total supply), and later in March 2019, it has successfully migrated to Proof-of-Stake. At the moment, CUTcoin team members are working on various privacy…

How to Exchange Your Amazon Gift Cards for Bitcoin Cash

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If you’re looking to acquire some cryptocurrency without having to open an account at a centralized exchange, there are several ways to do so. One is to convert Amazon gift cards into bitcoin cash via Purse.io while helping others spend their BCH. Also Read: Coinbase Launches Crypto Debit Card in 6 European Countries Earn Bitcoin Cash With Purse.io Purse.io is a platform that connects crypto shoppers with anyone who wishes to exchange their Amazon gift cards for bitcoin cash. In order to participate in the program as an “Earner” you…

Macroeconomic Backdrop Adds Value to Crypto

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Throughout its short history, Bitcoin (BTC) has been seen as anything but centralized, sovereign, and censorable. The crypto asset was created by a pseudonymous individual, is secured by a global group of miners, and is backed by no government, traditional finance system, or common entity. And as a result, many have looked to Bitcoin and its brethren — other digital assets — as a much-needed escape hatch from fiat and government overreach. Indeed, BTC was released in the wake (and seemingly as a result) of the 2008 Great Depression, and…

A New Crypto Exchange by John McAfee Goes Live

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The crypto warrior, who’s running for POTUS in 2020, John McAfee, has just released his new cryptocurrency exchange called “McAfeeMagic”. Interestingly enough, the exchange will allow trading cryptocurrencies on multiple exchanges within one dashboard. When going on his website he describes the platform as a new and revolutionary. The exchange comes out as a non-custodial. Users funds will be stored on 8 other exchanges. In order to set up the account, users will need to add APIs from other exchanges, where their funds are stored. The exchange enables both manual…

Bitcoin Price Eyes Chart Pattern That Kicked Off Bull Market in 2015

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View Bitcoin’s 50- and 100-candle moving averages on the three-day chart look set to produce a bullish crossover – a sign of bull market momentum. Back in October 2015, the same cross marked the start of a long-term bull market. This time, BTC has already rallied more than 180 percent ahead of the bull cross. As a result, we may not see a big move to the higher side immediately following the confirmation of the bull cross. Prices could rise to $8,400 in the next 24 hours, having witnessed a…

Locals Allegedly Laying Cable via Fish Ponds to Steal Oil Well Power for BTC Mining

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Police in China have reportedly gathered evidence of people laying cables via fish ponds to steal oil well power to fuel their bitcoin (BTC) mining. The news was reported by daily Chinese tabloid The Global Times on June 13. The Global Times is published under the auspices of state-backed newspaper group The People’s Daily. The report outlines that the Green Grassland Police Station of the Qiqihar District Public Security Bureau were alerted to the alleged power theft after receiving a call from the head of oil production at Daqing Oil…

Buy Bitcoin, Litecoin as Technicals Suggest Higher Prices: Fundstrat

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By CCN Markets: Independent research firm Fundstrat Global Advisors has great news for litecoin and bitcoin enthusiasts. Technical analysis carried out by the firm indicates that most of the cryptocurrencies are set to go on a bull run, and investors should start buying them. Noted bitcoin analyst is telling you to buy, once again Fundstrat technical analyst Rob Sluymer believes that there’s potential for more gains in cryptocurrencies. According to Sluymer’s research note (via Bloomberg): Another upside attempt appears to be developing for most cryptocurrencies. Increase exposure. We expect Bitcoin…