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Rising fees open the door for Bitcoin’s ‘currency’ contenders

Probably the biggest challenge that bitcoin faces today is scalability. Currently, bitcoin users are being charged an average of over $30 per transaction and transactions can take several hours to confirm. This is a far cry from the days when it was po…

Probably the biggest challenge that bitcoin faces today is scalability. Currently, bitcoin users are being charged an average of over $30 per transaction and transactions can take several hours to confirm. This is a far cry from the days when it was possible to send bitcoin within minutes to anywhere in the world for a few cents.

Ethereum Classic Price Technical Analysis – Can ETC/USD Stay above $30?

Key Highlights Ethereum classic price failed to stay above the $34.00 level and declined against the US Dollar. There was a break below a connecting bullish trend line with support at $34.50 on the hourly chart of the ETC/USD pair (Data feed via Kraken). The pair needs to stay above the $30.00 support level to … Continue reading Ethereum Classic Price Technical Analysis – Can ETC/USD Stay above $30?

The post Ethereum Classic Price Technical Analysis – Can ETC/USD Stay above $30? appeared first on NewsBTC.

Key Highlights

  • Ethereum classic price failed to stay above the $34.00 level and declined against the US Dollar.
  • There was a break below a connecting bullish trend line with support at $34.50 on the hourly chart of the ETC/USD pair (Data feed via Kraken).
  • The pair needs to stay above the $30.00 support level to avoid any further declines.

Ethereum classic price struggled to maintain gains against the US Dollar and Bitcoin. ETC/USD must hold the $30.00 support area to remain to recover back above $35.00.

Ethereum Classic Price Support

There was a nice upside move in ETC price above the $38.00 level recently against the US Dollar. However, the price failed to stay in the bullish zone, moved down and broke the $37.00 and $35.00 support levels. The decline was such that the price moved below the $34.00 level and the 100 hourly simple moving average. It is now showing a few bearish signs since it broke the $32.00 level and tested the $30.00 handle.

During the downside, there was a break below a connecting bullish trend line with support at $34.50 on the hourly chart of the ETC/USD pair. The pair recovered later and is currently moving around the 23.6% Fib retracement level of the last drop from the $39.15 high to $30.46 low. However, the broken support at $34.00 may now act as a resistance along with the 100 hourly SMA. Moreover, the 50% Fib retracement level of the last drop from the $39.15 high to $30.46 low is also around $34.50.

Ethereum Classic Price Technical Analysis ETC USD

Therefore, the $34.00-34.50 level is a major resistance area on the upside. On the downside, the pair needs to stay above the $30.00 level to avoid any more declines in the near term.

Hourly MACD – The MACD for ETC/USD is gaining pace in the bearish zone.

Hourly RSI – The RSI for ETC/USD is moving lower and is currently around the 30 level.

Major Support Level – $30.00

Major Resistance Level – $34.00

 

Charts courtesy – Trading View, Kraken

The post Ethereum Classic Price Technical Analysis – Can ETC/USD Stay above $30? appeared first on NewsBTC.

Ethereum-based Data Sharing Platform, RepuX, Announces Businesses Participating in Pilot Program

RepuX data sharing and rewards platform launches pilot program with WorkHQ, Dascom, and Fung, Yu & Co. KRAKÓW, POLAND; January 11, 2018 —  Having recently launched its public platform, RepuX, announced the businesses taking part in its pilot phase. RepuX is a decentralized, ethereum-backed platform for Small and Medium Enterprises (SMEs) to optimize their data via a decentralized network. The peer-to-peer data-sharing ecosystem allows developers to use data purchased from SMEs to build Decentralized Applications (DApps) which can then be sold back to SMEs to grow their businesses. RepuX will be launching its token sale on February 6th, 2018. RepuX

RepuX data sharing and rewards platform launches pilot program with WorkHQ, Dascom, and Fung, Yu & Co.

KRAKÓW, POLAND; January 11, 2018 —  Having recently launched its public platform, RepuX, announced the businesses taking part in its pilot phase.

RepuX is a decentralized, ethereum-backed platform for Small and Medium Enterprises (SMEs) to optimize their data via a decentralized network. The peer-to-peer data-sharing ecosystem allows developers to use data purchased from SMEs to build Decentralized Applications (DApps) which can then be sold back to SMEs to grow their businesses. RepuX will be launching its token sale on February 6th, 2018.

RepuX launches its pilot program today with the following businesses:

WorkHQ

WorkHQ is a China-based cloud inventory management software that allows SMEs to manage their sales orders and purchase orders in real time offline and online across Amazon, Tmall, Taobao and JD . WorkHQ eliminates the need for use of Excel spreadsheet for inventory management and increases business efficiency.

WorkHQ announced the 5 year contract signed with RepuX in December, 2017.

Dascom

For more than three decades, Dascom has been in the business of printing solutions, telecommunications, and advanced technology. The company has served some of the largest international clients in the world. With global headquarters in Hong Kong, Dascom has six research and development centers, and a state of the art manufacturing facility in the bustling city of Jiangmen, China.  With a global reach of nearly 200 countries, they help businesses maximize their office efficiency.

Dascom’s mission is to be the world leader in serial printing technology for barcodes, bills of lading, invoices, multi-part forms and a host of other critical documents.

Fung, Yu & Co.

Fung, Yu & Co. ,CPA Limited, originated in 1964 and currently serves every industry in Hong Kong. Throughout 50 years of continued growth, the company has evolved from a small accounting partnership to emerge as a renowned regional firm. The company has a staff of over 90 financial professionals and support in its offices based in Hong Kong, Guangzhou, Beijing, Shanghai, and Paris. Their clientele includes over one thousand private and public companies in Hong Kong, China and overseas.

As part of the RepuX pilot program, Dascom and Fung, Yu & Co. are able to upload data sets and suggested use cases to the platform and start earning rewards from their data.

SMEs, developers, and other interested parties can find out more about how to use the platform on the RepuX tutorial: marketplace.repux.io

To schedule an interview, please contact Nikki Brown at Melrose PR; nikki(at)melrosepr(dot)com or call (310) 260-7901.

About RepuX

RepuX is a blockchain-backed protocol and platform for SMEs to earn rewards for sharing data on a secure, decentralized network. The RepuX platform encrypts data and maintains quality through reputation scores determined by purchasers. Industries that stand to benefit from the RepuX-enabled system of data exchange and rewards include ecommerce, healthcare, accounting, micro lending, and advertising, among others.