Day: August 27, 2019

VideoCoin Network Goes Live – Blockchain News

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After a year and a half of hard work and hype, the VideoCoin Network project has debuted its blockchain-powered video infrastructure platform – the VideoCoin Network. The network is for distributing, encoding, and storing video content, and going into the video processing and delivery arena. advertisement For the first time, users can now live stream video content on the VideoCoin Network enabled by the VID Token, which is now available on the KuCoin and Beaxy cryptocurrency exchanges. Content providers can start streaming today at the Videocoin Network. “We built the…

EOS Technical Analysis (August 27): A Bullish Momentum

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EOS (EOS)trade is currently trading at $0.28194. Although the cryptocurrency’s price is in a uptrend, when considering the past price’s key points, it can be seen it is currently trading around its resistance. The resistance is also marked by formation of shooting star pattern. The resistance is at $0.2853 and support is at $0.2767. The digital coin’s price is expected to trade between the channel formed by the resistance and support levels until the price breaks out with good volume and closes above $0.2941. Dow Theory According to Dow Theory,…

Karuschain Opens Applications for Blockchain Beta Testers Among Precious Metals Mining Companies

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About Richard Kastelein Founder and publisher of industry publication Blockchain News (EST 2015), a partner at ICO services collective Token.Agency ($750m+ and 90+ ICOs and STOs), director of education company Blockchain Partners (Oracle Partner) – Vancouver native Richard Kastelein is an award-winning publisher, innovation executive and entrepreneur. He sits on the advisory boards of some two dozen Blockchain startups and has written over 1500 articles on Blockchain technology and startups at Blockchain News and has also published pioneering articles on ICOs in Harvard Business Review and Venturebeat. Irish Tech News…

There is Only a 7% Chance that Bitcoin Price Will Hit $20,000 in 2019

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An analyst has shown data that seems to belittle all forecasts that currently see Bitcoin hitting $20k in 2019. According to the data, there is a 93% chance that Bitcoin will stay below its all-time high. Even though Bitcoin has had a pretty interesting year so far, the price of the king coin has struggled for a while, causing a long period of consolidation without any real pointers to a break out anytime soon. However, bulls – being what they are – are still quite relentless about the coin’s chances…

‘New Normal Bottom Price for Bitcoin Is $10K,’ Says Advisory Group CEO

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Nigel Green, the CEO and founder of financial consultancy firm deVere Group, says that the new normal bottom for Bitcoin (BTC) price is $10,000. BTC price holding $10K level for 3 months London business news outlet LondonLovesBusiness reported on Aug. 27 that Green said: “Looking at its performance this year, I believe that the new normal bottom price for Bitcoin is $10,000. It bounces at this price. If it fluctuates below this level, it shoots back up again. We have seen this in action on Monday when Bitcoin hit $10,500…

Only 8% of Mixed Crypto Coins Tied to Illicit Activity: Report

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Stolen funds represent only 8.1% of all funds sent to cryptocurrency mixers, according to New York-based blockchain analytics firm Chainalysis. Primary use for privacy reasons According to a recent Chainalysis webinar, the majority of funds sent to cryptocurrency mixing services or tumblers comes from exchanges, which indicates that such funds are primarily used for privacy purposes rather than for illicit activities. Conducted on Aug. 14, the webinar called “Cryptocurrency Typologies: What You Should Know About Who’s Who on the Blockchains” covers a large number of risk typologies in crypto industry,…

$10K Holds for Now as 50% of CME Futures Set to Expire

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Bitcoin (BTC) price was still testing support at $10,000 on Aug. 27 as all eyes began focusing on the upcoming futures expiration set for Friday. Market visualization. Source: Coin360 Bitcoin price retests five-figure support Data from Coin360 showed a fresh dip for BTC/USD over the past 24 hours, with markets dropping from local highs of $10,400 to bounce at around $10,100.  Bitcoin remains down around 6% versus the same time last week, having reversed all but 6% of its monthly gains which briefly saw the largest cryptocurrency pass $12,000. Bitcoin…

Craig Wright Ordered to pay $5 Billion in Bitcoin and Fifty-Percent of his Intellectual Property to Kleinman Estate

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The court drama has finally come to an end with Magistrate Bruce Reinhart recommending that Wright must pay 5 billion dollars to Kleiman’s estate as well as give up half of his intellectual property held before December 31, 2013. Details of the case have not been published for the public yet, but those familiar with developments have commented on Twitter, August 26, 2019. Wright Found Guilty, Offers His Views The Southern District of Florida has found Craig Wright guilty of falsifying documents, making up the Tulip Trust, and has been…

US Air Force Will Use SIMBA Chain to Secure Its Supply Chain

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The United States Air Force chose smart contract startup SIMBA Chain to provide the blockchain which will be used to secure its supply chain. SIMBA Chain announced that it will secure the supply chain of the U.S. Air Force in a press release published on Aug. 26.  USAF hopes blockchain will make its data more tamper-proof The company explains that long value chains are a security issue “especially critical in military applications, where hostile entities would attempt to obtain or modify critical data.” The aim of the project is to…

Bitcoin Price Trends Weakly but Analysts Predict Strong $8,000 Support

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After a flash surge to $10,800 on BitMEX, the most widely utilized margin trading platform for cryptocurrency traders, the bitcoin price has slipped back to the $9,900 to $10,300 range. Bitcoin price falls by nearly $400 after a flash surge to $10,650 (source: coinmarketcap.com) On major spot cryptocurrency exchanges like Bitstamp and Coinbase, the bitcoin price rose to as high as $10,650 on Monday, following the liquidation of nearly $52 million worth of short contracts on BitMEX. Support at $8,000 Becoming More Likely For Bitcoin Price According to technical analysts,…