Archive | January 9, 2018

Kodak to Create a Blockchain-based Image Rights Platform

As the crypto-craze continues, canny companies are clamoring to climb aboard the digital train destined for greater profits. Kodak is the latest company to join the crypto club with announcements of its own blockchain platform and digital currency. Just a day after we read about Russian owned messaging platform Telegram starting its own cryptocurrency another […]

Bitcoin Can Drop 50% and China’s Miners Will Still Make Money – Bloomberg

BloombergBitcoin Can Drop 50% and China’s Miners Will Still Make MoneyBloombergElectricity demand for bitcoin mining rose to about 20.5 terawatt-hours a year by the end of 2017, according to BNEF. That equates to more than half the 38 terawatt-hours of electricity used annually by the world’s biggest miner, BHP Billiton Ltd …Chinese regulators move to […]

trade.io Outlines Exchange Expansion & Liquidity Pool Plans

Tuesday, 9 January 2018 Zug, Switzerland.  Following its successful ICO, in which over $31 million was raised from nearly 15,000 participants, and on the eve of the start of trading on OKEx & HitBTC, trade.io is outlining its future plans and timelines of its exchange and liquidity pool.  As will be emphasized in the following […]

LUMENS SELLERS PUSHING PRICES LOWER AS BUYERS SET TRIGGERS AT $0.7

If you were expecting fireworks this week, then you must be disappointed more so if you’re a Lumens trader. From the chart, it looks like Lumens sellers are on the driving seat preventing prices from recovering. But, that is not the only suppressed pair. We can read the same script in NEM, IOTA, XMR and […]

Ethereum Price Technical Analysis – ETH/USD Eyes $1400

Key Highlights ETH price is moving higher and it recently broke the $1300 level against the US Dollar. There was a break above a major contracting triangle pattern with resistance at $1260 on the hourly chart of ETH/USD (data feed via SimpleFX). The pair might continue to move higher, and it could even test the […]

What does the FCA think about blockchain?

In mid-December 2017, the UK’s Financial Conduct Authority (FCA) published a really interesting 32-page paper on Distributed Ledger Technology (DLT). The timing wasn’t great as most of the City was out getting smashed at Christmas parties, so I thought…

Bitcoin Price Technical Analysis for 01/10/2018 – Small Reversal Signal

Bitcoin Price Key Highlights Bitcoin price appears ready for another selloff as price has formed a head and shoulders pattern on the 1-hour chart. Price has yet to break below the neckline around the $14,000 major psychological support. The chart pattern is approximately $3,000 tall so the resulting drop could be of the same height. […]

Bitcoin Cash Price Technical Analysis – BCH/USD Range Extension

Key Points Bitcoin cash price continues to trade in a range above the $2280 support against the US Dollar. Yesterday’s highlighted connecting bearish trend line with current resistance at $2430 is intact on the hourly chart of BCH/USD (data feed from Kraken). The pair has to close above the $2450-60 resistance levels to move back […]

Microsoft Removes Bitcoin as Payment Option for Microsoft Store – Cointelegraph (Bitcoin, Cryptocurrency and Blockchain News)

Cointelegraph (Bitcoin, Cryptocurrency and Blockchain News)Microsoft Removes Bitcoin as Payment Option for Microsoft StoreCointelegraph (Bitcoin, Cryptocurrency and Blockchain News)Customers are still able to use Bitcoin to add money to their Microsoft account. Accounts can be used to purchase games, movies, and apps, but these funds are not usable in the Microsoft store. Furthermore, the funds […]

Kodak bitcoin miner on display at CES 2018 – ZDNet

ZDNetKodak bitcoin miner on display at CES 2018ZDNetAccording to the Kodak licensee, an upfront payment of $3,400 for a two-year contract would lead to bitcoin production value of around $375 per month at current bitcoin value. The partnership would pr…

You can now rent a Kodak-branded bitcoin mining rig — but you’ll have to hand over half of the profits you make – Business Insider

Business InsiderYou can now rent a Kodak-branded bitcoin mining rig — but you’ll have to hand over half of the profits you makeBusiness InsiderKodak, the once-iconic camera company, is licensing its brand to Spotlite, which builds computers specifically designed to mine bitcoin, for a new line of bitcoin mining machines. The two companies plan to […]

A factor driving bitcoin’s rally could be that people think owning it gives them social status – Business Insider

Business InsiderA factor driving bitcoin’s rally could be that people think owning it gives them social statusBusiness InsiderAnalysts from Bernstein Research compared the recent demand for bitcoin to markets in China’s anti-ageing medicine and high-end liquor. Their research considered the characteristics of a Veblen good — a product which gains its appeal from the social […]