Day: August 2, 2019

Square Q2 Earnings: Bitcoin Gamble Paying Off, Specific Revenue Jumps

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Payments firm Square announced a $125 million in revenue from Bitcoin through its mobile payments service, CashApp. Square entered the crypto space, much to the dismay of traditional players, and have established themselves as a strong brand capable of understanding consumer needs. Their last earnings report was dismal, but since the renewal of the bull market, Square seems to be going strong, August 1, 2019. Earnings Details and Future Outlook Square’s stock price tanked after their numbers fell below the guidance previously issued by the company. While this is negative…

What Bear Market? Bitcoin Price Rises to $10,500 Eyeing a Breakout

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Bitcoin (BTC) price climbed back over $10,000 to nearly $10,500 on the morning of August 2 as the market has shown a surprising bounce defying earlier calls by some traders for more downside.  Market visualization. Source: Coin360 “August could turn out to be a good month” Trader and market analyst Josh Rager said that BTC/USD moving back above $10,000 is finally showing some nice follow through.  “A close above previous 4hr resistance is a nice sign,” he continued. “The good news about the death cross is that it leads to…

Bitcoin Price (BTC/USD) Signaling Bullish Acceleration Above $10,500

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Bitcoin price traded higher and broke the key $10,200 resistance area against the US Dollar. The price is placed nicely above the $10,200 level and it recently tested the $10,500 area. There is a major bullish trend line forming with support near $10,200 on the hourly chart of the BTC/USD pair (data feed from Kraken). The price remains in an uptrend and it may soon accelerate above the $10,500 resistance level. There were decent gains in bitcoin price above $10,200 against the US Dollar. BTC price is likely preparing for…

LedgerX Launches a Physical Bitcoin Futures Platform, CFTC Says It’s Not Approved

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Just recently, LedgerX came out saying that they have launched the first physically settled Bitcoin Futures trading platform. However, CFTC later commented that LedgerX hasn’t yet been approved by the commission. In recent news, LedgerX came out with a special announcement, out of nowhere, saying that they have launched the first physically-settled Bitcoin Futures trading platform. The company told that now customers are able to trade Bitcoin by just passing simple KYC guidelines. When referring to institutional customers, the company’s CEO Paul Chou explained that these million-asset holders can use…

Bitcoin & Crypto Market Cap Trending Higher: Litecoin, BNB, BCH, TRX Analysis

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The total crypto market cap is gaining momentum above the $260.0B and $265.0B resistances. Bitcoin price is showing positive signs and it recently broke the key $10,200 resistance area. Binance coin (BNB) price is rising steadily and it recently broke the $28.00 resistance area. Litecoin (LTC) price tested the $100.00 resistance once again, but failed to continue higher. BCH price is moving higher once again towards the $330 and $335 resistance levels. Tron (TRX) price seems to be consolidating above the key $0.0220 support area. The crypto market cap and…

Ripple Price (XRP) Won’t Go Quietly: Risk of Bounce Grows

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Ripple price is holding the $0.3140 support area, but struggling to gain traction against the US dollar. The price is facing a strong resistance near the $0.3200 and $0.3220 levels. There is a key bullish trend line forming with support near $0.3140 on the hourly chart of the XRP/USD pair (data source from Kraken). The price is likely to climb higher steadily as long as there is no bearish break below $0.3140 and $0.3120. Ripple price is struggling to rise steadily against the US Dollar, while bitcoin climbed 4%. XRP…

Ripple Price (XRP) Won’t Go Quietly: Risk of Bounce Grows

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Ripple price is holding the $0.3140 support area, but struggling to gain traction against the US dollar. The price is facing a strong resistance near the $0.3200 and $0.3220 levels. There is a key bullish trend line forming with support near $0.3140 on the hourly chart of the XRP/USD pair (data source from Kraken). The price is likely to climb higher steadily as long as there is no bearish break below $0.3140 and $0.3120. Ripple price is struggling to rise steadily against the US Dollar, while bitcoin climbed 4%. XRP…

Ethereum Price (ETH) Primed For More Gains As Bitcoin Breaks Key Hurdle

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ETH price found support near the $210 level and recently climbed higher against the US Dollar. The price broke the $215 resistance and it seems like there could be more gains in the near term. There is a connecting bullish trend line forming with support near $214 on the hourly chart of ETH/USD (data feed via Kraken). The pair is currently trading with a bullish angle and it could even surpass the $220 resistance. Ethereum price is trading with a positive bias versus the US Dollar, and bitcoin rallied above…

R3 Doubles London Office Size in Anticipation of Growing Branch

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New York-based enterprise software firm R3, known for its enterprise blockchain platform Corda, has doubled the size of its London Wall office. Business intelligence firm Mondo Visione reported on the company’s new hiring goals on Aug. 1. According to the report, R3 has increased the size of its London branch as partial accommodation for the company’s intended 85 global hires by the end of 2019. Out of the 85, over half are intended to be installed in the company’s London office. R3 is reportedly primarily recruiting software engineers, but will…

Blockchain Browser Brave Launches Token Tipping Service for Twitter Users

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The blockchain-based decentralized internet browser Brave now allows Twitter users to tip content creators with its native Basic Attention Tokens (BAT). Brave discussed the public launch of its token tipping service in an announcement on Aug. 1, wherein users can reportedly specify the amount they wish to tip a given Twitter account, and the recipient will receive their tip in BAT directly.  The announcement also lists a number of features associated with the tipping service, including setting up regularly recurring tips as well as a mechanism for Tweeting at a…