Bitcoin struggled to break the $8,900 resistance on two occasions against the US Dollar. BTC price is showing a few bearish signs and it seems like it could decline towards $8,300 or $8,200. Bitcoin price is likely forming a double top pattern near the $8,900 resistance against the US Dollar. The price is down 3% and it is now trading below the $8,700 support. There was a break below a key bullish trend line with support near $8,660 on the hourly chart of the BTC/USD pair (data feed from Kraken).…
Month: January 2020
Ripple (XRP) Price Testing Last Line Of Defense: Here Are Key Reversal Levels
Ripple is down more than 4% after it was rejected near $0.2450 against the US Dollar, similar to bitcoin near $8,900. XRP price is now approaching the key $0.2230 and $0.2200 support levels. Ripple price declined steadily after forming a short term top near $0.2451 against the US dollar. The price is down more than 8% from the recent high and it is now well below $0.2320. Recently, there was a break below a key triangle support at $0.2234 on the hourly chart of the XRP/USD pair (data source from…
Meet the DC Advocacy Org Helping Put Blockchain on the US Military’s Radar
Later this year, the U.S. Department of Defense (DoD) will give a report to Congress about ways in which blockchain technology might enhance the work of the U.S. military. The D.C.-based Value Technology Association (VTA) helped lead the charge in requiring DoD to put together such a hearing, VTA President Jason Brett said in a video interview with CoinDesk at the Consumer Electronics Show (CES) in Las Vegas last week. “What our Value Technology Foundation worked on was a blockchain briefing,” Brett said. “We wanted the military to look at…
Meet the DC Advocacy Org Helping Put Blockchain on the US Military’s Radar
Later this year, the U.S. Department of Defense (DoD) will give a report to Congress about ways in which blockchain technology might enhance the work of the U.S. military. The D.C.-based Value Technology Association (VTA) helped lead the charge in requiring DoD to put together such a hearing, VTA President Jason Brett said in a video interview with CoinDesk at the Consumer Electronics Show (CES) in Las Vegas last week. “What our Value Technology Foundation worked on was a blockchain briefing,” Brett said. “We wanted the military to look at…
Here Is Why Dips In Ethereum Could Be A Trap By The Bulls
Ethereum rallied towards $170 and bitcoin jumped towards $9,000 before starting a downside correction. However, dips in ETH price remains supported near $158 and $155. Ether price started a downside correction the new 2020 high at $172 against the US Dollar. The price is currently trading below $165 and it could extend its decline. There is a major declining channel forming with resistance near $165 on the hourly chart of ETH/USD (data feed via Kraken). The pair could test the key $155 support area before it starts a fresh increase…
Bitcoin Lawsuit Heats Up With More Bonded Courier Tales
During the last few days, cryptocurrency participants have been discussing the notorious Kleiman v. Wright lawsuit as new developments have revealed a third party provided Craig Wright with the necessary information to unlock an encrypted file he could not access previously. Additionally, another court filing explains that Wright provided the court with a list of his “bitcoin holdings” so he can comply with the court magistrate’s prior orders. Also read: Scottish Novelist Andrew O’Hagan Asked to Testify in Kleiman v. Wright Lawsuit Craig Wright Reveals a Third Party Has Provided…
More Bitcoin Scam Ads With Martin Lewis on Instagram — Can We Get a Filter for That?
Suspected crypto con artists are once again using the likeness of British financial expert Martin Lewis to defraud unsuspecting victims. In 2019, Lewis settled a defamation suit against Facebook for similar Bitcoin (BTC) scam adverts. Instagram says deceptive advertisements have no place on its platform and plans to continue improving its detection protocols for such content. Social platforms have been known to censor crypto-related content, instituting blanket bans on crypto ads on several occasions. However, Facebook has recently relaxed this policy amid the roll-out of its own digital currency project. The social media…
Bitcoin Futures Hit 3-Month High in Frenetic Tuesday Trading
January 14 was the best trading day of the year for many cryptocurrencies, which saw double or even triple-digit percentage gains. It was also a good day for futures markets, where more than $25 billion in trades was placed on Tuesday. The result constituted the busiest day for futures in almost three months, with the Binance-affiliated FTX seeing much of the action. Also read: Institutional and Retail Bitcoin Futures Demand Continues to Climb Bitcoin Shenanigans Get Futures Traders Buzzing Tuesday, Jan. 14 was all about bitcoin – all the bitcoins,…
NBA’s Kings Continue Reign Over Crypto-Fan Collab with Live Auction Platform
Though their market is small, their reach is mighty. The National Basketball Association’s (NBA) Sacramento Kings are at it again and will tip off a live auction for gear with a blockchain-based app. On Jan. 15, the team announced its new live auction platform with blockchain development firm ConsenSys. Starting tonight, fans can bid live on in-game sports gear. The platform reportedly authenticates auction items, patching problems that have long bedeviled gear-hungry fans. How it works Fans anywhere can bid on game-worn gear with the new Kings + Golden 1…
Swiss Real Estate Company Closes A $134 Million Deal Using Blockchain
A building on the prestigious Banhofstrasse in Zurich, Switzerland was successfully tokenized and sold on the blockchain today. The new owner of the building is Swiss real estate investment company BrickMarket. The company has issued bond-backed crypto tokens that figuratively represent “shares” of ownership in the building,. Those tokens are for sale to individuals who want to cut themselves in on earning some of the building’s rental income and benefit from any rise in the property’s value. Here’s a Google Street View image of Banhofstrasse 52, the building in question.…