Day: August 15, 2019

Santander Joins Bank Blockade Against Coinbase in the UK: Report

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Major Spanish bank Santander is reportedly ceasing to enable United Kingdom customers to deposit their fiat funds to major cryptocurrency exchange Coinbase.  An unverified source posting to Reddit on Aug. 14 claims to have been informed of the development over the phone by a  Santander representative. “Isolated to Coinbase,” not crypto in general The source alleges that having been informed over the phone, they put in a complaint with the bank’s complaints unit, which then reportedly confirmed that the client should move to an alternative bank if I wish to…

Swiss SIX Digital Exchange CEO Departs Due to ‘Strategic Differences’

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The CEO of Switzerland’s SIX Digital Exchange (SDX), the cryptocurrency-focused arm of the the country’s principal SIX Swiss Exchange, is departing the company, local news outlet SwissInfo reported on Aug. 14.  CEO departs before SDX launch Martin Halblaub will step down after eight months into his job when his contract expires at the end of August following disagreements on how the trading platform should be run.  Halblaub reportedly wanted SDX to launch as an independent company, while the board of the parent company — SIX Group — disagreed. He commented…

Bitcoin (BTC) Price Final Target But Decline Far From Over

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Bitcoin price remained in a bearish zone and even dropped below $10,000 against the US Dollar. The price is now trading well below the $10,200 level and it could continue to slide. There is a key bearish trend line forming with resistance near $10,150 on the hourly chart of the BTC/USD pair (data feed from Kraken). The price is under a lot of pressure and it could even test the $9,500 support area. Bitcoin price is trading a crucial downtrend below $10,200 against the US Dollar. BTC price tested the…

Bitcoin & Crypto Market Cap Nosedived: LTC, BNB, BCH, TRX Analysis

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The total crypto market cap extended its decline and broke the key $265.0B support area. Bitcoin price is down more than 5% and it tested the $10,000 support area. Binance coin (BNB) price broke the key $28.50 support level to move into a bearish zone. Litecoin (LTC) price is down 10% and it broke the key $80.00 support area. BCH price declined heavily below the $330 and $320 support levels. Tron (TRX) price tumbled below $0.0200 and even broke the $0.0185 support level. The crypto market cap and bitcoin (BTC)…

Ripple Price (XRP) Decline Could Accelerate: BTC and ETH Weakens Further

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Ripple price declined sharply after it broke the key $0.2900 support area against the US dollar. The price is down more than 10% and even tumbled to test the $0.2350 level. A short term breakout pattern is forming with resistance near $0.2685 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair is likely to accelerate its decline once it breaks the $0.2580 and $0.2500 support levels. Ripple price is down and out against the US Dollar and bitcoin. XRP price is now trading in a…

Ethereum Price (ETH) Tumbles 10%, Following Bitcoin’s Footsteps

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ETH price started a strong decline after it failed to surpass the $210 resistance against the US Dollar. There was a break below the key $200 and $190 support levels. Yesterday’s highlighted key bearish trend line is intact with resistance near $206 on the hourly chart of ETH/USD (data feed via Kraken). The pair is currently consolidating losses above $185 and remains at a risk of more downsides. Ethereum price is down more than 10% versus the US Dollar, following bitcoin price slide. ETH price is now trading in a…

Bitcoin Drops to $10,000 in Recent Downtrend

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Despite exceeding $12,000 several times this month, Bitcoin (BTC) has slumped back to $10,000 in a recent downtrend. The number one cryptocurrency last traded below $10,000 on July 31. A little earlier this month, experts were optimistic about Bitcoin continuing its rally, citing geopolitical tensions — particularly the ongoing United States-China trade war — as a reason for its possibly continuing success. Galaxy Digital CEO Mike Novogratz commented on Aug. 5 about this possibility, saying: “With the yuan over 7.0, an FX war, instability in HKG and the beginnings of…

Alcor Life Extension Foundation Now Accepts Bitcoin Cash Donations

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Alcor Life Extension Foundation has revealed the company is accepting bitcoin cash (BCH) donations. Alcor was convinced by Bitcoin.com’s executive chairman Roger Ver to add BCH acceptance, the same person who convinced Alcor to accept BTC payments via Bitpay back in 2014. The nonprofit organization is well known for its cryonics research and practices as the company has a strong relationship with cryptocurrency advocates. Also Read: Exploring the SLP Token Universe Built on the Bitcoin Cash Chain Alcor Foundation Convinced to Accept Bitcoin Cash Donations The Alcor Life Extension Foundation…

Walmart Files Patent for Blockchain-Based Drone Communication System

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American retail giant Walmart has submitted a patent application for a drone communication system that is based on blockchain technology.  Walmart filed its patent with the United States Patent and Trademark Office (USPTO) on Aug. 1. The filing describes a system on a drone that encrypts and stores that drone’s operational parameters. That information is subsequently passed to another drone, which decrypts, reads and then configures to those parameters. In essence, the vehicle-to-vehicle communication system between unmanned drones would relay messages, mesh communications networks and allow machines to be aware…