Chinese non-profit blockchain consortium FISCO BCOS, reports that blockchain-based health records have successfully enabled China to resume mainland tourism to Macau. From May, Macau’s blockchain-powered medical data system has recognized the ID codes of the Guangdong health system of the mainland, allowing mainland Chinese tourists to verify their health status using the DLT-powered system when entering the autonomous region. To date, more than 17 million tourists have cleared customs between Macau and China’s mainland using Macau’s blockchain health code. The announcement boasts that it takes just 100 seconds for mainland…
Day: October 21, 2020
Ethereum Prints Bullish Technical Pattern, Why It Could Rally Past $385
Ethereum is gaining bullish momentum above $375 against the US Dollar. ETH price is showing positive signs and it might even climb above the $385 resistance. Ethereum started a fresh upward move after forming a support base near $368. The price is now trading well above the $375 level and the 100 hourly simple moving average. There was a break above a major bearish trend line with resistance near $372 on the hourly chart of ETH/USD (data feed via Kraken). The pair could correct a few points, but there are…
Nine Chilean cargo shipping companies approved to develop joint blockchain platform
Chile’s National Economic Prosecutor’s Office, or FNE, has granted approval to nine national freight maritime cargo companies to establish a joint venture to develop a blockchain platform, the first of its kind in the region. According to MundoMaritimo.cl, the platform will be named Global Shipping Business Network, or GSBN. It aims to handle all the processes related to maritime cargo such as document issuance and cargo clearance, among other services. The solution is also expected to be offered to other companies in the industry and not just those involved in…
Bitcoin average transaction value increases 500% since July
The average value of Bitcoin (BTC) transactions has increased dramatically since July this year. The average transaction value was sitting at approximately $25,000 per transaction four months ago, but posted a yearly high on Oct 20 at $151,000 per transfer — representing an increase of more than 500%. Average Bitcoin transaction value. Source: BitInfoCharts The latest spike, as shown by crypto analytics platform BitInfoCharts’ data, saw the average value of a transaction increase almost $50,000, up from $105,000, in the last 48 hours. This surge in transaction value comes shortly…
Bitcoin Smashes Heavy Resistance at $12K And Its Likely To Continue Higher
Bitcoin price is up over 2% and it broke the $11,800 and $12,000 resistance levels against the US Dollar. BTC is now trading above $12,000, with high chances of more upsides. Bitcoin remained in a positive zone and it cleared the $11,800 and $12,000 resistance levels. The price is currently testing the $12,150 zone and it is well above the 100 hourly simple moving average. There is a major bullish trend line forming with support near $11,980 on the hourly chart of the BTC/USD pair (data feed from Kraken). The…
Bitcoin’s Rally to $12,000 Driven by Spot Buyers; Futures Remain Short-Biased
Bitcoin is currently approaching the critical $12,000 resistance level that analysts and investors have been closely watching throughout the past few days and weeks. Its rally up to this level has come about throughout the past 24-hours, without any significant catalyst. One interesting trend that has coincided with this upswing is a selloff amongst altcoins. Although major altcoins like Ethereum typically rise and fall alongside Bitcoin, the benchmark cryptocurrency has been rising at altcoins’ expense over the past day. While breaking down what has driven this Bitcoin rally, one analyst…
Futures Traders Aren’t as Bullish This Time Around as Bitcoin Price Revisits $12,000, Data Indicates
Futures funding stayed flat or turned negative despite bitcoin’s rally to $12,000. Original
Hotel Bitcoin ATMs on the Rise With Addition of Swiss Hotel Dolder Grand
The number of hotels with a bitcoin ATM on-site is growing in Switzerland. The latest announcement came from The Dolder Grand, a luxury hotel and spa in Zurich, which recently installed a crypto ATM supporting four cryptocurrencies. Bitcoin ATMs Gaining Popularity in Hotels The Dolder Grand announced Monday that a cryptocurrency ATM has been installed at the hotel for guests to buy and sell cryptocurrencies on-site. The announcement states: As of now, guests of the Zurich Hotel Dolder Grand can buy and sell cryptocurrencies on site – conveniently at the…
Peter Schiff’s Alleged Tax Evading Bank Was Hit With Bitcoin Ransomware
Peter Schiff is one of Bitcoin’s biggest naysayers. The well-known gold bug recently had his dirty laundry aired out for all to see, as part of an alleged tax evasion case involving his Euro Pacific Bank. As part of an exposé, it was revealed that Schiff’s offshore bank was once the target of Bitcoin ransomware, and could explain his deep-rooted hatred toward the number one cryptocurrency by market cap. Peter Schiff’s Gold-Backed Bank Was Held Ransom By Bitcoin Hackers Crypto investors might know Peter Schiff due to his constant bashing…
Top DeFi Coins Crater 15% Despite Bitcoin Passing $12,000
It’s been a tough past few days for the DeFi market. Top decentralized finance coins have surprised most of their holders, actually dumping despite a relatively strong performance by Bitcoin. In the past three days, BTC has gained over 5%, surging from $11,300 to $12,000 at the recent highs. Altcoins are not partaking in strong BTC price action for the first time in many months, suggesting to some commentators that a shift has taken place in how crypto investors allocate capital. Related Reading: Here’s Why Ethereum’s DeFi Market May Be…