The investment comes as Australia attempts to make a recovery from the recession brought by the COVID-19 pandemic. Source link
Australia to Spend $575M on Tech Including Blockchain to Boost Pandemic Recovery
Day: October 1, 2020
Ripple (XRP) Reaches Crucial Juncture: Technicals Suggest Crucial Breakout Pattern
Ripple is holding the key $0.2380 support zone against the US Dollar. XRP price must climb above $0.2450 to increase the chances of an upside break above $0.2550. Ripple is likely forming a crucial breakout pattern with support near $0.2380 against the US dollar. The price is now trading near the $0.2420 pivot level and the 100 simple moving average (4-hours). There is a major bearish trend line forming with resistance near $0.2450 on the 4-hours chart of the XRP/USD pair (data source from Kraken). The pair could either start…
Australian Securities Exchange to triple capacity of DLT system
The Australian Securities Exchange will delay its blockchain-based CHESS replacement after huge trading volumes due to the pandemic required a massive expansion of capacity. The DLT- based system had been scheduled for official trials in December, with a planned launch window of early 2022. At its annual meeting this year, ASX chief executive Dominic Stevens told shareholders they were looking to triple the capacity of its planned DLT system based on the surge in trade volumes seen earlier in March. He also said that the firm was looking into how…
Election 2020 Prediction Markets: Bettors Say Trump Lost Tuesday’s Debate
With the first Trump–Biden debate now smoldering behind us, the betting markets have picked their winner. That also means they’ve decided on a loser: President Donald Trump. Tuesday marked the first time the incumbent squared off face-to-face against his rival, Democratic nominee and former Vice President Joe Biden. The two septuagenarians bickered, insulted, belittled and at times screamed at one another at almost regular intervals, all in hopes of convincing the American public each is the best choice to control the world’s largest deployed nuclear arsenal. And while conventional, real-time…
CryptoLocally’s $GIV Will Be Listed on Balancer on Oct 1
Place/Date: – October 1st, 2020 at 7:04 am UTC · 3 min read Contact: CryptoLocally, Source: CryptoLocally Photo: CryptoLocally / Medium CryptoLocally, a P2P exchange providing a fiat gateway to DeFi assets, announced that it will be listing its native token GIV on Balancer, one of the top decentralized exchanges, with a USDC/GIV liquidity pool at 13:00 UTC, October 1st In its earlier announcement, CryptoLocally stated that it commenced its GIV Bonding Curve Distribution Event on September 29 at 13:00 UTC, which is due to finish at 13:00 UTC on…
Ethereum Prints Bullish Technical Pattern, Why Close Above 365 Is Critical
Ethereum is showing positive signs above the key $355 support against the US Dollar. ETH price could accelerate higher if it clears the $365 resistance zone. Ethereum is slowly rising and it is now trading well above the $355 support. The price is currently testing the $362 resistance and is above the 100 hourly simple moving average. There is a major bullish trend line forming with support near $355 on the hourly chart of ETH/USD (data feed via Kraken). The pair is likely to continue lower if it breaks the…
Australian government’s digital business plan includes $5M for blockchain
The Australian government this week unveiled its $574 million Digital Business Plan that includes seven-figure grants for distributed ledger technology initiatives. Announced by Prime Minister Scott Morrison ahead of next week’s Federal Government budget, the plan outlines $4.95 million in support for “two blockchain pilots directed at reducing business compliance costs.” Morrison said: “The plan supports Australia’s economic recovery by removing out-dated regulatory barriers, boosting the capability of small businesses, and backs the uptake of technology across the economy.” Piper Alderman partner Michael Bacina told Cointelegraph that these two projects…
Organic growth? Bitcoin SV activity up 761% ahead of BSV conference
Active addresses and transaction counts on the Bitcoin SV network saw unbelievable growth in the two days leading up to the CoinGeek Live conference in New York this week. Active BSV addresses grew from 110,000 on September 28, to 947,400 addresses today. That’s an astonishing growth rate of 761%, in just two days leading up to CoinGeek Live, which kicked off on September 30 at 9am New York time, and will run until October 2. The spike in active addresses raised eyebrows on Crypto-Twitter. Bitcoin SV and Craig Wright antagonist…
Bitcoin Lacking Bullish Momentum, But 100 SMA Could Trigger Upside Break
Bitcoin price is showing early signs of a bullish break above $10,800 against the US Dollar. BTC could continue higher as long as it is above the 100 hourly SMA. Bitcoin is struggling to gain bullish momentum, but it slowly moved above the $10,800 resistance. The price is now above the 100 hourly simple moving average, with a major hurdle at $10,920. There was a break above a crucial contracting triangle with resistance near $10,815 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could…
Bitcoin Forms “Obviously Bullish” Divergence as User Count Spikes
Bitcoin underwent multiple rejections in the $11,000 region over recent weeks, suggesting the asset remains rangebound. Fortunately for bulls, there are on-chain trends suggesting that the cryptocurrency is in a bullish state. There are also underlying fundamentals like a commitment to inflation by the Federal Reserve that could spur further BTC purchasing. Related Reading: MicroStrategy’s Stock Continues to Soar After Bitcoin Purchase Bitcoin’s On-Chain Trends Suggest the Prevailing Trend Is Bullish Bitcoin’s recent price action has been cautious at best but analysts seem convinced that the prevailing trend is bullish. Willy…