Day: April 19, 2020

Are Banks and the Capital Markets Ready to Embrace Blockchain?

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Very few banks, or even countries, emerged unscathed from the rubble of the 2008 global financial crisis. The aftermath of the worldwide recession coincided with profound technological innovation and breakthroughs that have forced banks and other financial service providers to reconsider their approach to doing business. New regulation and investor demands have forced banks to move toward a more efficient, transparent and compliant operating model. Although Wall Street has cottoned on to these developments, the big question still remains: Are banks ready to leave old business processes behind to embrace…

Why $7,050 is the Level to Watch During Bitcoin’s (BTC) Weekly Close

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In brief: Bitcoin (BTC) encountered massive resistance as it tried to break $7,300.  At the same time, its trade volume has been dropping together with its dominance in the crypto markets.  In our analysis of Bitcoin (BTC) a few hours ago, we were cautiously optimistic that the King of Crypto was on a slow and tense journey towards $8,000. We also identified a few support zones that include $7,050, $6,900, $6,800 and $6,600. Why $7,050 is the Level to Watch During Bitcoin’s Weekly Close Further analyzing the aforementioned support zones,…

Why $7,050 is the Level to Watch During Bitcoin’s (BTC) Weekly Close

boss

In brief: Bitcoin (BTC) encountered massive resistance as it tried to break $7,300.  At the same time, its trade volume has been dropping together with its dominance in the crypto markets.  In our analysis of Bitcoin (BTC) a few hours ago, we were cautiously optimistic that the King of Crypto was on a slow and tense journey towards $8,000. We also identified a few support zones that include $7,050, $6,900, $6,800 and $6,600. Why $7,050 is the Level to Watch During Bitcoin’s Weekly Close Further analyzing the aforementioned support zones,…

$7.6B Sitting in Stablecoins — Is This Bullish or Bearish for Bitcoin?

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It’s been another bullish week for Bitcoin (BTC) as the price surged past the critical $7,200 resistance, as mentioned in last week’s analysis, all the way to $7,300. However, the price has corrected slightly and is now sitting just below $7,200. So was this the local top? Or has the leading digital asset got some steam left in it ahead of the halving event that is now about three weeks away? Daily crypto market performance. Source: Coin360.com Bitcoin’s slow grind to $10K BTC USD daily chart. Source: TradingView Starting out…

Crypto Gets a Taste of Movie Business, but Is a Long Way From the Red Carpet

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From its obscure beginnings over a decade ago to its current status as the leading cryptocurrency in the world, Bitcoin’s (BTC) tale on its own can make up for a pretty entertaining movie. With the prevalence of Bitcoin and blockchain-related topics in mainstream media nowadays, it is perhaps not a surprise that more films mention or highlight cryptocurrencies and blockchain technology. For instance, Anthony Mackie, the actor who plays “Hawkman” in the Avengers movies, promoted Litecoin (LTC) last year in a video published by Vanity Fair. Meanwhile, in February, another…

With Crypto Jobs Available, US Universities Are Turning to Blockchain Education

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Blockchain, a term once only familiar to Bitcoin (BTC) enthusiasts, is becoming one of the most in-demand business skills for 2020. According to a recent LinkedIn blog post, blockchain technology is the most sought-after hard skill this year. The post noted: “The small supply of professionals who have this skill are in high demand.” Moreover, while the coronavirus pandemic continues to impact the United States’ unemployment rate — causing 22 million people to file for unemployment since President Donald Trump declared a national emergency four weeks ago — blockchain-related jobs…