Day: September 19, 2019

Arab Bank Switzerland Opens Bitcoin Custody, Brokerage Services

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Arab Bank Switzerland has partnered with blockchain technology firm Taurus to offer Bitcoin  (BTC) and Ether (ETH) custody and brokerage services to its clients. Swissinfo reported the development on Sept. 19.  Serge Robin, the CEO of Arab Bank Switzerland — a Swiss institution that forms part of the Jordan-headquartered Arab Bank group — said:  “We firmly believe that blockchain will disrupt the financial industry as we know it and we intend to be amongst the first banks to offer digital asset services to our clients in a secure and regulated…

CBDCs a Flexible Tool for a Zero-Interest Rate World

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Chile’s central bank governor, Mario Marcel, says central bank digital currencies (CBDC) can provide additional flexibility at a time of “unconventional monetary policies.”  Marcel made the comments in a speech titled “High-level Policy Panel Discussion on Central Bank Digital Currencies” at the OECD Global Blockchain Policy Forum held in Paris on Sept. 12. Disruptive FinTech addressing “some gaps” in traditional finance  Marcel’s opening remarks acknowledged that cryptocurrencies like Bitcoin are already showing disruptive potential and provide some benefits over the legacy system. He said:  “Disruptive technologies in Finance or ‘FinTech’ are…

What Will the Ads of the Future Look Like?

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Advertising has come a long way from the old days of black and white TV ads and crackly radio announcements. No longer do advertisers have to rely on the back pages of newspapers and weather-beaten billboards to reach their audience. The internet has changed the game, introducing a flood of new advertising methods and tactics. And the internet changes fast. The ads that were effective and commonplace just a few short years ago are now a source of annoyance and irritation. In one survey by Kantar Millward Brown, 71% of…

Bitcoin Bulls in Danger as Price Drops $500 in Minutes Back Under $10K

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For the past few days, the price of Bitcoin (BTC) has been hovering above the 20 Moving Average (MA) and drawing closer to the moving average as volume continued to taper off and lower highs were set each day.  Crypto Market Data Source: Coin360 The digital asset began to look bearish on multiple time frames and it seemed that a downward move was more likely than any other outcome. Once the 12 Exponential Moving Average (EMA) dropped below the 26-EMA on Sept. 16, aggressive intraday traders correctly predicted a double…

Bitcoin Price (BTC) Breaks Down, Turns Sell On Rallies

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Bitcoin price failed to climb higher and declined sharply below $10,000 against the US Dollar. The price is now trading well below the $10,000 level and it could struggle to recover in the near term. There was a break below a contracting triangle with support at $10,150 on the hourly chart of the BTC/USD pair (data feed from Kraken). The price is under pressure and it is likely to decline further towards the $9,500 support. Bitcoin price is back in a negative zone below $10,000 against the US Dollar. BTC…

Decentralized Tools Reignite the Fight Against Ad Fraud

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Online advertising professionals may be shocked to read recent research from Californian fraud management provider Pixalate, which claimed that up to 30% of all ad traffic is falsified. In stark contrast to previously reported estimates of ad fraud, this would imply that true ad impressions are significantly lower than commonly believed. If so, this means that many companies are potentially spending their marketing budgets on adverts which have no effect on sales, as they are never seen by real customers. Known as ‘ad fraud’, cyber-criminals use tailor-made bots to hijack…

Crypto Market Cap & Bitcoin Drop Sharply: BCH, Litecoin, ADA, TRX Analysis

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The total crypto market cap started a strong decline below the $255.0B support. Bitcoin price is down around 4% and it recently broke the $10,000 support area. Litecoin (LTC) price is correcting gains and is trading below the $75.00 support area. BCH price failed to surpass the $325 resistance and is correcting lower towards $305. Tron (TRX) price is correcting gains and is approaching the $0.0165 support level. Cardano (ADA) price is testing the $0.0500 level, with a minor bearish angle. Bitcoin (BTC) and the crypto market cap are declining…

Ripple Price (XRP) Retreating From $0.32 But Approaching Supports

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Ripple price extended gains and traded towards the $0.3250 resistance area against the US dollar. The price is currently correcting sharply and is trading below the $0.3000 support area. There was a break below a key bullish trend line with support at $0.3050 on the hourly chart of the XRP/USD pair (data source from Kraken). The price is likely to find a strong support near the $0.2840 and $0.2800 levels in the near term. Ripple price is correcting gains from the recent high against the US Dollar and bitcoin. XRP…

Ethereum (ETH) Price Correcting Gains, Should U Buy Dips?

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ETH price extended gains above the $215 resistance area against the US Dollar. The price is currently correcting lower and is trading below the $212 support area. There was a break below yesterday’s highlighted bullish trend line with support near $211 on the hourly chart of ETH/USD (data feed via Kraken). The pair is likely to correct further lower towards the $200 support area in the near term. Ethereum price is currently correcting gains versus the US Dollar and bitcoin. ETH price might soon test the $200 support area before…

Tiny Block Advocates Speak Up After Veriblock ‘Abuses’ Bitcoin’s Block Size

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The BTC community recently celebrated the fact that Segregated Witness (Segwit) transactions accounted for 50% of transactions and bech32 transactions doubled as well. However, the celebration quickly came to an end when a few Bitcoin Core developers found out where the transactions derived from and got upset at the Veriblock project for using scarce block space. Bitcoin Core developer Luke Jr urged the BTC community to reduce the block size limit. He further called Veriblock “spammers” and abusers of Segwit’s “block size increase to gain an advantage over legit Bitcoin…