Bear Cross on Key Indicator Could Push Bitcoin Price to $7,300

At the moment, not too much is happening with Bitcoin’s (BTC) price action. The price continues to drop and a series of lower highs occur even as bullish news hits the press week after week. The news of Bakkt Bitcoin futures trading volume increasing by 796% failed to positively impact Bitcoin price and Fidelity Investments’ announcement that it has launched crypto custodial services also did little for the market.  Daily crypto market data. Source: Coin360 The general sentiment amongst Bitcoin traders seems relatively unenthusiastic and many traders view Bitcoin’s current…

Bitcoin (BTC) Price Weekly Forecast: Vulnerable Below $8K-$8.2K

There was a steady decline in bitcoin price below the $8,200 support against the US Dollar. The price is currently trading below $8,000 and it remains at a risk of more losses. There is a major bearish trend line forming with resistance near $8,100 on the 4-hours chart of the BTC/USD pair (data feed from Kraken). The price must climb above $8,100 and $8,200 for bullish continuation in the near term. Bitcoin price is showing bearish signs below $8,000 against the US Dollar. BTC could extend its decline below the…

Former IBM, Google Russia Exec Joins Blockchain Firm Credits as CBO

Former Google Russia chief technology officer Jennifer Trelewicz has joined blockchain platform Credits (CS) as its new chief business officer (CBO). According to an official announcement published on Oct. 11, Trelewicz’s first experience working with blockchain was during her time as the CEO of Russian technology startup S7 TechLab.  In the past, she also worked as the director of IBM’s systems and technology laboratory and the director of risks and market data at Deutsche Bank. Focused on new partnerships Potential collaboration with major companies such as IBM is now among…

Crypto News From the German-Speaking World: Oct. 13–19 in Review

The German-speaking world has seen another week of events in the crypto industry, with a new survey revealing that 27% of Germans are interested in using Facebook’s planned Libra stablecoin, which has been discussed all over the world since its announcement in June 2019. Despite existing criticism of Libra, global regulators do not plan to ban either Facebook’s crypto initiative or other stablecoin projects, the European Central Bank (ECB) director claimed earlier this week. Here is the past week of crypto and blockchain news in review, as originally reported by…

Telegram Writes Investors to Counter FUD Before Feb. SEC Hearings

In a letter to investors, Telegram encouraged investors to view the United States Securities and Exchange Commission (SEC) hearing recently rescheduled for February as “a positive step.” Cause for optimism The letter, sent on Oct. 19, briefly reassures investors that the recent rescheduling of hearings until Feb. 18-19 is good news while maintaining that the company will not be distributing Gram tokens until that time. In their own words:  “Telegram views this development as a positive step towards resolving this matter through the court system in an expeditious manner, and…

Bitcoin Cash Roundup: Adoption Stories and New Developments

Bitcoin Cash (BCH) adoption, development, and participation continue to spread as there’s been a myriad of BCH-related announcements in the last few weeks. Moreover, there’s now over 18 million bitcoin cash in circulation and only three million coins left to mine. Also read: Ethereum Name Service Adds Infrastructure for Multi-Currency Support Bitcoin Cash Adoption and Announcements The last few weeks have seen a variety of new adoption stories, software development, and new platforms that utilize BCH. Proponents of the decentralized cryptocurrency have been relentlessly pushing for mass adoption while showing…

HTC Launches Exodus 1S, First Phone That Can Run a Full BTC Node

Taiwanese electronics giant HTC has launched its new smartphone Exodus 1s, enabling users to run a full Bitcoin (BTC) node on mobile. First smartphone to support full Bitcoin node In line with an announcement in May 2019, HTC launched the Exodus 1s at the Lightning Conference in Berlin on Oct. 19 and started selling the first devices during the even using the Lightning payment network, the firm said in a press release to Cointelegraph. The new Exodus 1s is a lower-cost version of the pioneering HTC’s blockchain-powered phone Exodus 1,…

Bittrex International Halts Service in Venezuela and 30 More Countries

Bittrex International, Malta-based international unit of United States’ crypto exchange Bittrex, will cease operations in Venezuela and 30 other countries. No clear reason for the action In an email to Venezuelan customers, Bittrex International announced that the exchange will halt account and trading access to users on Oct. 29, asking them to withdraw their funds with the exchange before that date, Cointelegraph en Español reports on Oct. 19. According to the report, the Malta-based international trading platform of Bittrex has informed its entire user base in Venezuela that it will…

How Can EEA’s Reward Token System Help Banks Motivate Their Employees?

Enterprise Ethereum Alliance (EEA) created a token system to encourage the active contribution of member organizations and their employees to the consortium, as reported by Cointelegraph on Oct. 8. The tokens are powered by the EEA’s Off-chain Trusted Compute Specification and is said to be trustworthy enough for use both within and between different companies. The system was first demonstrated at the Devcon5 conference at the start of October in Osaka as part of an experiment conducted inside the EEA. Specifically, member organizations are testing the viability of a project…

How Can EEA’s Reward Token System Help Banks Motivate Their Employees?

Enterprise Ethereum Alliance (EEA) created a token system to encourage the active contribution of member organizations and their employees to the consortium, as reported by Cointelegraph on Oct. 8. The tokens are powered by the EEA’s Off-chain Trusted Compute Specification and is said to be trustworthy enough for use both within and between different companies. The system was first demonstrated at the Devcon5 conference at the start of October in Osaka as part of an experiment conducted inside the EEA. Specifically, member organizations are testing the viability of a project…