Day: July 4, 2019

Binance Funds Blockchain-Based Customer Relationship Management Network

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Binance Labs, the blockchain incubation initiative run by Binance, has provided the blockchain-based customer relationship management (CRM) Cere Network with strategic funding, according to a press release shared with Cointelegraph on July 3. Binance Labs announced that Cere Network would be graduating from the Season II cohort of its incubation program on June 5. On July 3, Cere Network announced that it is receiving funding from Binance Labs, Arrington XRP Capital, and NEO Global Capital. The Cere Network purportedly uses a “decentralized system” integrated with a blockchain to store customer…

CME Bitcoin Market Has Record Month, Could Boost BTC High

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CME’s Crypto Market Sees Massive June According to a recent report from CoinDesk, Bitcoin futures on the CME — one of the world’s leading derivatives market — saw a stellar June. The Chicago-based platform’s BTC-related vehicles were traded by over 2,960 accounts, most of which are purported to be hedge funds, large investors, institutional players, and cryptocurrency funds/miners. This massive number of investors utilizing the CME’s Bitcoin amenities — the highest to-date — coincided with a 30% surge in account sign-ups, clearly accentuating that the asset’s recovery to $10,000 is…

Bitcoin (BTC) Price Hits First Target: $12.5K Now In Sight

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There was a steady rise in bitcoin price and it tested the $12,000 resistance level. It traded as high as $12,053 and is currently correcting gains towards $11,600. There is a new connecting bullish trend line forming with support near $11,550 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair remains well supported on the downside and it seems like it could continue towards $12,500. There were steady gains in bitcoin price above the $11,500 resistance level against the US Dollar. BTC tested the first…

Bitcoin, Crypto Market Signaling More Upsides: BCH, BNB, LTC, TRX Analysis

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The total crypto market cap climbed further higher and broke the $310.0B resistance area. Bitcoin price extended its upward move and climbed towards the key $12,000 resistance. Binance coin (BNB) price is currently trading with a positive bias above the $32.50 support. Litecoin (LTC) price is struggling to move above the $122 and $124 resistance levels. BCH price tested the $415 resistance and it may rise towards the $425 resistance area. Tron (TRX) price is currently consolidating losses above the $0.0320 support area. The crypto market cap and bitcoin (BTC)…

Bitcoin Touched $12K While Ripple Price (XRP) Is Still Consolidating

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Ripple price remained in broad range and recently tested the $0.4070 level against the US dollar. The price is currently trading above the $0.4000 support, but it is facing many hurdles on the upside. There is a connecting bullish trend line forming with support at $0.4008 on the hourly chart of the XRP/USD pair (data source from Kraken). The price could either break $0.4075 and climb higher or decline again below $0.4000. Ripple price is still consolidating in a broad range against the US Dollar, while bitcoin climbed towards $12,000.…

Ethereum (ETH) Price Primed For More Gains, Bitcoin Up 6%

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ETH price made a few attempts to settle above the $300 resistance area against the US Dollar. It is currently consolidating near $300 and it might rise above $305 and $306 in the near term. There is a new connecting bullish trend line forming with support near $297 on the hourly chart of ETH/USD (data feed via Kraken). If there is a downside break below $295, the price could revisit the $285 support area. Ethereum price is showing positive signs above $295 versus the US Dollar, but struggling vs bitcoin.…

Facebook’s David Marcus Addresses Libra Trust Issues

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David Marcus, the head of Calibra at Facebook, emphasized that Libra users will not have to put their trust in Facebook, in a post on July 3. Marcus reiterated that Facebook is not the only member of the Libra Network, and that they are relinquishing control of the network. In the post, he says: “Facebook will not control the network, the currency, or the reserve backing it. Facebook will only be one among over a hundred members of the Libra Association by launch. We will not have any special rights…