Day: September 2, 2019

Bitcoin And Crypto Market Facing Hurdles: BCH, XLM, EOS, TRX Analysis

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The total crypto market cap is correcting higher towards the $250.0B resistance area. Bitcoin price is also approaching towards many hurdles near $9,800 and $10,000. BCH price is currently consolidating near the key $280 support area. EOS price is under pressure and it seems like it could struggle to climb above $3.350. Stellar (XLM) price is once again declining towards the $0.0600 support area. Tron (TRX) price is currently flat above the main $0.0150 support area. Bitcoin (BTC) and the crypto market cap are facing many hurdles. Ethereum (ETH), BCH,…

Ripple Price (XRP) Primed For More Downsides Near Term

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Ripple price is trading in a downtrend below the $0.2600 and $0.2650 supports against the US dollar. The price is likely to extend its decline as long as it is below the $0.2650 level. There is a key bearish trend line forming with resistance near $0.2570 on the hourly chart of the XRP/USD pair (data source from Kraken). There could be an upside correction, but the price is likely to face sellers near $0.2600 or $0.2620. Ripple price is facing a lot of hurdles on the upsides against the US…

Ethereum Price (ETH) In Corrective Increase, Can It Break $180?

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ETH price is currently correcting higher and is trading above $170 against the US Dollar. The price is likely to face a lot of hurdles on the upside near the $176, $178 and $180 levels. There is a connecting bullish trend line forming with support near $168 on the hourly chart of ETH/USD (data feed via Kraken). The pair might gain bullish momentum if it breaks the $174 level and the 100 hourly SMA. Ethereum price is slowly correcting higher versus the US Dollar, similar to bitcoin. However, ETH price…

First Blockchain-Exclusive Birth Certificates Recorded in Brazil

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The first birth certificates to be recorded by exclusively using blockchain technology were issued in Brazil. As Cointelegraph Brasil reports on Sept. 1, Álvaro de Medeiros Mendonça is one of the first children in the country to have their birth certificate recorded only with blockchain technology, without the need of the registry office.  Streamlining registration process The parents were reportedly invited by the hospital to participate in a project developed by tech company Growth Tech in partnership with IBM. The father, Waldyr Mendonça Junior, said that blockchain tech made the…

City of São Paulo to Use Blockchain Registry for Public Works

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The municipal government of São Paulo, Brazil, is going to use a blockchain registry for its public works projects. The Municipal Secretariat of Urban Infrastructure and Works contracted blockchain firm Construtivo to implement a blockchain solution for city hall, Cointelegraph Brasil reports on Sept. 1. Better transparency after past inefficiencies  The city has decided to implement a blockchain solution for public works after poor conditions forced the closure of several bridges and roads, despite significant public investment in their construction. According to Marcus Granadeiro, president of Construtivo, the platform will…