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Australia has unveiled a national blockchain strategy and roadmap, with a boost of AU$100,000 (~$71,200) in further funding from the federal government. The news was announced in a joint media release from two Australian ministries on March 18. Minister for Industry, Science and Technology Karen Andrews and Minister for Trade, Tourism and Investment Simon Birmingham have jointly stated that the new policy roadmap aims to make Australia’s nascent blockchain industry into a global leader. The roadmap will encompass the development Read more …

Bitcoin price climbed higher towards the $4,040 level before correcting lower against the US Dollar. The price declined below $4,000 and tested the key $3,940 support area. Recently, there was a break above a connecting bearish trend line with resistance at $3,970 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair is currently moving lower, but it remains well supported near $3,940 and $3,920. Bitcoin price corrected gains recently below $4,000 against the US Dollar. Read more …

Bitcoin’s user growth, as represented by active addresses, has spiked in the last eight weeks leaving the price far behind, a move that contradicts the popular belief the two tend to move in tandem. The 30 day average of active addresses on bitcoin’s blockchain, or the number of accounts that made cryptocurrency transactions at any point during the last 24 hours, total 664,064 as of March 16– up 17 percent from 569,812 seen on Jan. 20. Bitcoin’s 30 day average price, Read more …

Here’s what happened this week in Bitcoin in 99 seconds.    Some disappointing news came out when Samsung revealed that the hardware wallet on their newly-released S10 phone will only support Ethereum, ERC20 tokens, and four dApps. It appears that Samsung will upgrade the wallet to also support Bitcoin and further altcoins in the future. Chinese ASIC producer, Canaan Creative, has raised several hundred million Dollars in funding. The firm’s valuation is now placed at over $1 billion. Although Read more …

The total crypto market cap rallied recently and broke the key $130.0B resistance area. EOS price broke the key $3.65 and $3.70 resistance levels and tested $3.80. Bitcoin cash price rallied more than 10% and broke the $150 and $160 barriers. Tron (TRX) price is slowly moving higher and it could break the $0.0240 resistance level. Cardano (ADA) price cleared the $0.0500 resistance to move into a positive zone. The crypto market broke key resistances to move into an uptrend. Read more …

Coinbase is the most popular U.S.-based cryptocurrency exchange. The company boasts more accounts than the likes of Charles Schwab. Coinbase CEO Brian Armstrong has the ambitious goal for Coinbase to become the “Google of crypto,” suggesting that its relevance to Web 3.0 could rival that of the internet search giant’s stamp on the early version of the internet. Armstrong himself was named among Fortune’s 40 under 40 list and has influenced Americans for bitcoin. Unfortunately, rather than being celebrated, Coinbase Read more …

Ripple price struggled to break the $0.3200 resistance level and corrected lower against the US dollar. The price declined below the $0.3150 level and tested the $0.3125 support area. There is a key bullish trend line formed with support at $0.3145 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair must clear the $0.3180 and $0.3200 resistance levels to start a solid bullish wave towards $0.3300. Ripple price is trading key supports against the US Read more …

Cardano has been consolidating inside an ascending triangle pattern on its 4-hour time frame but is slowly breaking above the resistance to confirm that bulls have won over. In that case, price could climb by the same height as the chart formation, which spans 0.0275 to 0.0500. The 100 SMA is above the longer-term 200 SMA to confirm that the path of least resistance is to the upside or that the climb is more likely to gain traction than to Read more …

ETH price corrected lower and tested the $136-137 support area against the US Dollar. The price is currently recovering and it may continue to rise above $141 and $144 in the near term. This was a break above a key contracting triangle with resistance near $139 on the hourly chart of ETH/USD (data feed via Kraken). The pair needs to climb above the $144 resistance area to trade to a new monthly high. Ethereum price is trading with a positive Read more …

The long-awaited rules on crypto assets recently published by the central bank of Mexico have caused quite a stir. A local cryptocurrency exchange’s CEO explains to news.Bitcoin.com that “the impact goes beyond the crypto industry.” Calling it “a disaster,” he asserts that the people within the central bank “have really shown their ignorance” about cryptocurrency. Also read: Mexico’s Central Bank Publishes ‘Catch-22’ Rules Impacting Crypto Exchanges Central Bank Showing Ignorance Much discussion has transpired after the Bank of Mexico (Banxico), Read more …

The long-awaited rules on crypto assets recently published by the central bank of Mexico have caused quite a stir. A local cryptocurrency exchange’s CEO explains to news.Bitcoin.com that “the impact goes beyond the crypto industry.” Calling it “a disaster,” he asserts that the people within the central bank “have really shown their ignorance” about cryptocurrency. Also read: Mexico’s Central Bank Publishes ‘Catch-22’ Rules Impacting Crypto Exchanges Central Bank Showing Ignorance Much discussion has transpired after the Bank of Mexico (Banxico), Read more …

The US government and GM may have conspired against Uber to promote Lyft. As Uber feels the heat in the run-up to a would-be record-shattering $120 billion IPO, the ride-hailing tech giant will have to take on Lyft, a Mercedes-BMW alliance, and possibly the U.S. government. Uber vs. Lyft: The Competition Heats Up This timeline highlights the rivalry between Uber and Lyft by showing several instances when the companies have made announcements within days of each other. In 2014, the Read more …