Bitcoin price is back in a downtrend with a close below the $8,000 support against the US Dollar. The price is trading below the $8,000 support and remains at a risk of more losses below $7,800. Yesterday’s highlighted major declining channel was breached with support near $8,100 on the hourly chart of the BTC/USD pair (data feed from Kraken). The price could correct in the short term, but the $8,020 and $8,100 resistances are likely to prevent gains. Bitcoin price Read more …
Samsung SDS, an IT solution developer partially owned by the South Korean tech conglomerate, is expecting to roll out a blockchain-based medical claims processing system this month. According to a CoinDesk Korea report on Wednesday, Yoon Shim, a vice president of Samsung SDS, said at the Blockchain Seoul 2019 event that the firm has been piloting the system since August this year. Samsung SDS is 22.6 percent owned by Samsung Electronics and 17.1 percent owned by Samsung C&T. Yoon added that medical institutions and Read more …
On October 13, software developer Tobias Ruck showed off a demo of an offline bitcoin cash (BCH) wallet tool called Be.cash. The concept provides individuals with the ability to send and sign a BCH transaction without internet service. Also read: 80% of Crypto Trade Volume Tracked by Blockchain Surveillance Be.cash: A Tool for Sending and Signing Bitcoin Cash Offline Since the inception of cryptocurrencies, detractors have always said that not being able to send funds offline is a weakness. The Read more …
From the invention of Bitcoin to the launch of the first crypto exchange to the rise of crypto derivatives, the crypto world has continued to churn out innovative products. And, the best part is that these innovations have the potential to make a significant positive impact on our world. This phenomenon is exemplified by Binance. Today Binance is the number one crypto exchange, even though it was launched only around two years ago. Binance managed to beat well-entrenched incumbents like Read more …
The total crypto market cap is declining and it could soon test the $200.0B support area. Bitcoin price is down 3% and it broke the main $8,000 support area. Binance coin (BNB) price broke the key $18.00 support and it might revisit $17.20. Litecoin (LTC) price is down around 5% and it is approaching the $50.00 support zone. BCH price is testing the main $215 support level, below which it could slide sharply. Tron (TRX) price is extending losses below Read more …
Ripple price failed to hold the key $0.2850 support and extended its decline against the US dollar. The price is currently correcting higher, but it is likely to face sellers near $0.2850 and $0.2880. This week’s followed key bullish trend line was breached with support near $0.2855 is intact on the hourly chart of the XRP/USD pair (data source from Kraken). The price is now facing a strong resistance near the $0.2860 and $0.2880 levels. Ripple price is struggling to Read more …
Ethereum price extended its decline and broke the $175 support area against the US Dollar. Bitcoin price is also down more than 3% and it broke the $8,000 support area. Yesterday’s highlighted key bearish trend line is intact with resistance near $175 on the hourly chart of ETH/USD (data feed via Kraken). The pair remains in a bearish zone and it could face resistance near $175 and $180 in the near term. Ethereum price is under selling pressure versus the Read more …
The Sacramento Kings NBA basketball team has partnered with CryptoKaiju to launch crypto-collectibles. In a press release on Oct. 16, the Sacramento Kings announced a new collaboration with the creator of Ethereum-based Kaiju toys, CryptoKaiju. The companies will give away 100 limited-edition Kaiju collectible toys throughout the 2019–2020 basketball season. Each collectible is backed by a non-fungible token, meaning that no two are the same. 15 of these toys will come with a unique experience or prize, such as courtside Read more …
A poll conducted among university students in China indicates that many of them see a bright future for cryptocurrencies in their country. A quarter of the respondents said they would seek employment in the industry that deals with digital assets and related technologies. Approximately one in 12 students already owns digital coins. Also read: Ukraine in a Rush to Legalize Cryptocurrencies Under Zelensky 17% of Polled Students Have Had Investments in Crypto China has a mixed attitude towards cryptocurrencies in Read more …
Encrypted messaging service Telegram wants to postpone the launch date of its Telegram Open Network (TON) following issues with the United States Securities and Exchange Commission (SEC). According to an investor message seen by Cointelegraph on Oct. 16, Telegram told investors that it wants to push back the deadline to April 30, 2020. The launch was initially set for late October, but the SEC abruptly declared its $1.7 billion dollar token offering to be illegal. Telegram raised the massive sum for Read more …
Ethereum (ETH) has been facing a significant influx of selling pressure over the past 24-hours, which has partially been driven by the selloff that Bitcoin experienced earlier today that sent the embattled cryptocurrency reeling below $8,000. Analysts are now noting that ETH is caught in a wide descending triangle that could send the cryptocurrency plummeting significantly lower in the near-term, and analysts are now targeting $170 as its next target. Ethereum Plummets Towards $170 Amidst Crypto Market Sell-Off At the Read more …
There are several reasons why the Transylvania Crypto Conference (abbreviated as TCConf) was special. First of all, it was a premier for Romania, a country that has never really held events that focus on Bitcoin, despite giving the space some prominent and eccentric figures, such as Mircea Popescu and Bitcoin Magazine co-founder Mihai Alisie. Second, its transition from a “crypto” conference in previous years to a Bitcoin-only event was rapid, smooth and largely evident. For instance, Tom Trevethan’s presentation, titled Read more …