Bitcoin Cash Price Technical Analysis – BCH/USD Breaks Higher

Key Points Bitcoin cash price finally made a nice upside move and traded above $550 against the US Dollar. This week’s important descending channel pattern with major resistance near $575 on the hourly chart of BCH/USD (data feed from Kraken) was broken. Yesterday’s idea of a possible break worked and the price is now above $580 and in the bullish zone. Bitcoin cash price made a nice upside move above $580 against the US Dollar. BCH/USD is now back in Read more …

Oracle Officially Joins Hyperledger Blockchain Project

Technology giant Oracle has officially become a member of the Hyperledger project as of August 2017. Hyperledger is a Blockchain-based project led by the Linux Foundation. Oracle intends to utilize the Hyperledger Fabric Blockchain code as the platform for its new cloud-based service. According to Oracle’s SVP for cloud platforms and middleware, Amit Zavery, the project is a vital component of their proposed Blockchain-based cloud platforms for commercial use. “As we develop our Blockchain cloud platform for enterprise use, we Read more …

Cryptocurrency Dash Team Schedules Free Conferences in Venezuela

The Dash network is sponsoring twelve free conferences in Venezuela from September through the end of the year. The goal of these events is to increase Venezuelans’ knowledge of virtual currencies in general, and Dash in particular. The nation’s worsening hyperinflation has caused the popularity of Bitcoin and Ethereum to soar as people turn to these currencies as a more effective store of value than the Venezuelan Bolivar. The Dash plan Representatives of the Dash team have been regulars at Read more …

BTC-e Relaunches Site But With Limited Functionality

The beleaguered Russian cryptocurrency exchange BTC-e has kept its promise to relaunch the website…sort of. The domain http://btc-e.nz was active today, though not accessible to users in some parts of the world, notably the US, due to regulations. The site had promised to reimburse clients via tradable tokens (BTCT) for any losses they had incurred due to the seizure of the domain by the FBI. The domain was seized after the arrest of Alexander Vinnik in Greece in July on charges of money laundering, specifically, Read more …

Bitcoin Price Technical Analysis for 09/01/2017 – Taking Advantage of USD Volatility

Bitcoin Price Key Highlights Bitcoin price continues to make progress in this climb, aiming for the top of the steeper channel on the 1-hour chart. Bitcoin is able to benefit from the volatility in other financial markets due to geopolitical risk and profit-taking. Technical indicators are showing signs of weakening bullish momentum. Bitcoin price is safely inside its ascending channel pattern visible on the 1-hour time frame, but there are signs of slowing upside momentum. Technical Indicators Signals The 100 Read more …