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Bitcoin LIVE: BTC back to $9k while Uzbekistan plans support for ‘electronic money’ – Express.co.uk


Express.co.uk

Bitcoin LIVE: BTC back to $9k while Uzbekistan plans support for ‘electronic money’
Express.co.uk
Bitcoin is priced at $9,452, a $110 loss on the day so far as the price continues to fall. News comes as the central asian country of Uzbekistan has devided to embrace bitcoin technology.In accordance with a presidential decree, a law regulating


Express.co.uk

Bitcoin LIVE: BTC back to $9k while Uzbekistan plans support for 'electronic money'
Express.co.uk
Bitcoin is priced at $9,452, a $110 loss on the day so far as the price continues to fall. News comes as the central asian country of Uzbekistan has devided to embrace bitcoin technology.In accordance with a presidential decree, a law regulating ...

Poll: Bitcoin More Popular With Czechs than the Euro – Bitcoin News (press release)

Bitcoin News (press release)Poll: Bitcoin More Popular With Czechs than the EuroBitcoin News (press release)Poll: Bitcoin More Popular With Czechs than the Euro Czechs are still wary of cryptocurrencies, according to the survey. Nevertheless, cryptos, …


Bitcoin News (press release)

Poll: Bitcoin More Popular With Czechs than the Euro
Bitcoin News (press release)
Poll: Bitcoin More Popular With Czechs than the Euro Czechs are still wary of cryptocurrencies, according to the survey. Nevertheless, cryptos, like bitcoin and ethereum, have become the most popular currencies, when it comes to investment ...

Washington D.C. Forum Plans the Future of Blockchain Technology

Young innovators in the blockchain technology world gathered in D.C. to discuss the future of decentralized ledger information systems in business and society. What is the Future of Blockchain? The second Digital Asset Investment Forum (DAIF) was held in Washington D.C. Hosted by FinTech4Good it served as the launching event of DC Blockchain Incubator and … Continue reading Washington D.C. Forum Plans the Future of Blockchain Technology

The post Washington D.C. Forum Plans the Future of Blockchain Technology appeared first on NewsBTC.

Young innovators in the blockchain technology world gathered in D.C. to discuss the future of decentralized ledger information systems in business and society.

What is the Future of Blockchain?

The second Digital Asset Investment Forum (DAIF) was held in Washington D.C. Hosted by FinTech4Good it served as the launching event of DC Blockchain Incubator and Energy Blockchain Leadership Committee.

The premier event attracted executives from across the industry to discuss how blockchain technology will change industry in the future much as the development of the internet has in the recent past.

Specific questions posited were about the value of Blockchain to existing applications, the most promising startup models, how to build a strong ecosystem for the healthy development of digital asset investment.

Samson Williams, Partner, Axes and Eggs spoke on the need for D.C. area entrepreneurs to be accessible to the Commodity Futures Trading Commission’s (CFTC) or Securities and Exchange Commission (SEC) or Financial Industry Regulatory Authority (FINRA) in order to be pro-active in developing regulations that work for the industry.

Wallace Lynch the founder of Alpha Token discussed how to make ICO’s work in business by creating products with real value based on specific consumer need that can prove its superiority over traditional solutions.

Maomao Hu co-founder of Kora, known as a rising star in the area of financial infrastructure systems spoke on using blockchain powered systems in Africa in order to empower people underrepresented in the banking industry.

Zhijun Zhang of the world bank group talked about the use of blockchain technology in third world countries in order to help those with no identities get recognized by their governments.

“I see a lot of potential in blockchain applications. For example, in the digital identity space, there are at least 1 billion people in developing countries who don’t have official identities.”

Zhijun Zhang, Lead Security Architect at the World Bank Group.

From the investor’s point of view, the talk was about the great potential that exists in blockchain based technologies. Again these applications were likened to the first internet-based companies for their potential growth and profits. Some of the speakers struck a cautionary note citing the volatility of the asset market now and it’s potential for bubbles.

About FinTech4Good

FinTech4Good, the host of the event self-describes ‘as the world’s leading blockchain and fintech platform. It identifies and scales up the most promising fintech and blockchain technology solutions worldwide and brings them to frontier markets through incubation, acceleration, and investment.’

“We were positively surprised by the enthusiasm and support expressed by many of the investors, advisors, technology innovators, large corporations and government agencies to our DC Blockchain Incubator ”, said by Xiaochen Zhang, the President of FinTech4Good and the Chairman of the Global Digital Economy Council.

The post Washington D.C. Forum Plans the Future of Blockchain Technology appeared first on NewsBTC.

Ripple Price Technical Analysis – XRP/USD is Approaching Break

Key Highlights Ripple price is holding the $0.8200 support area and is currently approaching a break against the US dollar. There is a major contracting triangle forming with resistance at $0.8550 on the hourly chart of the XRP/USD pair (data source from SimpleFx). A break and close above $0.8500 and $0.8600 could open the doors … Continue reading Ripple Price Technical Analysis – XRP/USD is Approaching Break

The post Ripple Price Technical Analysis – XRP/USD is Approaching Break appeared first on NewsBTC.

Key Highlights

  • Ripple price is holding the $0.8200 support area and is currently approaching a break against the US dollar.
  • There is a major contracting triangle forming with resistance at $0.8550 on the hourly chart of the XRP/USD pair (data source from SimpleFx).
  • A break and close above $0.8500 and $0.8600 could open the doors for more gains.

Ripple price is slowly stabilizing against the US Dollar and Bitcoin. XRP/USD must break the $0.8600 resistance to gain upside momentum in the near term.

Ripple Price Resistance

There was a downside move below $0.9000 in Ripple price this past week against the US Dollar. The price traded below the $0.8500 support level and tested the $0.8000 low. Later, it started consolidating in a range and an intermediate low was formed at $0.8195. An upside move was initiated and the price moved above the 23.6% Fib retracement level of the last drop from the $0.9322 high to $0.8195 low.

The range pattern is contracting and it seems like the pair is approaching a break with support at $0.8200. There is also a major contracting triangle forming with resistance at $0.8550 on the hourly chart of the XRP/USD pair. The triangle resistance is near the 38.2% Fib retracement level of the last drop from the $0.9322 high to $0.8195 low. Moreover, the 100 hourly simple moving average is positioned near the $0.8620 level. It means there is a major resistance forming near $0.8600-0.8620. Once there is a close above the stated $0.8620 level, there could be more gains in the near term.

Ripple Price Technical Analysis XRP USD

On the downside, the price must stay above the $0.8200 level. If there is a close below the $0.8200 level, there can be a downside push towards $0.8000.

Looking at the technical indicators:

Hourly MACD – The MACD for XRP/USD is about to move into the bullish zone.

Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is struggling to remain above the 50 level.

Major Support Level – $0.8200

Major Resistance Level – $0.8600

 

Charts courtesy – SimpleFX

The post Ripple Price Technical Analysis – XRP/USD is Approaching Break appeared first on NewsBTC.

Stress Free Global Travel Thanks to Blockchain and Biometrics

Flying was once a pleasure but those days are long gone. Being searched prodded and poked through long, slow lines at the airport has become the norm in the post 9/11 travel world. However, a combination of blockchain and biometrics may soon relieve some of the stress of jetting around the world. No Need for … Continue reading Stress Free Global Travel Thanks to Blockchain and Biometrics

The post Stress Free Global Travel Thanks to Blockchain and Biometrics appeared first on NewsBTC.

Flying was once a pleasure but those days are long gone. Being searched prodded and poked through long, slow lines at the airport has become the norm in the post 9/11 travel world. However, a combination of blockchain and biometrics may soon relieve some of the stress of jetting around the world.

No Need for Identification

A pilot project developed by the consulting firm Accenture along with the World Economic Forum’s Security in Travel Project and the Canadian government is about to begin testing a new system that’s designed to speed up processing while increasing security in international travel.

The Known Traveller Digital Identity System will use fingerprints, facial imagining, and passport numbers among other information that can be shared ahead of time to allow those in the system to pass through security quickly.

Launched at the world economic forum in Davos, Switzerland, Lisolette Del Maar, managing director in Accenture travel industry practice, explained that the difficulty in implementing the system wasn’t the technology but proving to governments that the system is secure enough to share citizens personal information.

“That’s where blockchain came in because the technology allows you to not store all the data in one place, or place the burden on one partner to be responsible for keeping the data secure and for its reliability.”

Said Del Maar when speaking about decentralizing personal information.

Paperless Flying

The idea is that those who participate in the system by sharing information on the KTDIS will be able to move through the passport control, immigration, and customs lines expressly because they are a trusted traveler. This pre-cleared status could extend to hotel check inns, car rentals and assist in visa applications since the traveler’s history is all stored on a decentralized blockchain network.

The Known Traveller System has already built an impressive list of partners in its two years of development including Marriott International, the U.S. Department of Homeland Security, AccorHotels, Amadeus IT Group, AirAsia, Airports Council International, the governments of Canada and The Netherlands, Google, Hilton Worldwide, various international aviation and law enforcement organizations and Visa, among others.

With estimated numbers of international travelers to increase by 50% over the next decade, some see expediting already overcrowded airports as a must. The system won’t work flawlessly everywhere. As anyone who currently travels internationally knows there is a great disparity at airports and border crossings in technical achievement and security level.

Naysayers may be quick to reject the idea as too much-shared information with foreign governments and private companies. For frequent international travelers though avoiding long security lines by breezing through a facial scanner may be worth any compromise to privacy.

The post Stress Free Global Travel Thanks to Blockchain and Biometrics appeared first on NewsBTC.

Altcoin Analysis: NEO, EOS, LTC, IOTA and Lumens

At the moment, I’m neutral on most altcoins. EOS and NEO would be my highlight this coming week and all we need from NEO is to cross above $130 or retrace and break below the support trend line. For EOS, sellers should test $5.8 on the downside but any form of bull pressure between $5.8 … Continue reading Altcoin Analysis: NEO, EOS, LTC, IOTA and Lumens

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At the moment, I’m neutral on most altcoins. EOS and NEO would be my highlight this coming week and all we need from NEO is to cross above $130 or retrace and break below the support trend line.

For EOS, sellers should test $5.8 on the downside but any form of bull pressure between $5.8 and $7 should be a probable loading point for buyers.

Let’s have a look at these charts:

XLM/USD

Lumens Technical Analysis
XLM/USD Daily Chart for February 26, 2018

The importance of confirmation came to pass after February 24 Lumens candlestick.

Even though we had this convincing double bar reversal pattern at the support trend line of our ascending wedge, my recommendation was for a follow through before entry.

That didn’t happen and instead prices are trickling down towards $0.22 or the 78.6% Fibonacci retracement level. Before then, I expect prices to find support at $0.30 and I will remain neutral with a bullish inclination until after there is a break above $0.40 or $0.22 in the next coming sessions.

For now, a consolidation might be the next thing as prices oscillate between $0.40 and $0.22 with mid range support at $0.30.

IOT/USD

IOT/USD Technical Analysis
IOT/USD Daily Chart for February 26, 2018

Over the past 2 days, IOTA valuation has been on the rise and that appreciation is evident from price action.

Of course, from my previous analysis, I remain neutral on this pair because prices are still a long way from $3, my main resistance line and buy trigger.

For now, even after yesterday’s early pump and failure to close above the middle BB, I still think buyers are in charge. As such, if there is a recovery and prices rise above $1.95 or above yesterday’s highs, bulls can buy and aim for $2.2 which is our immediate resistance.

EOS/USD

EOS/USD Technical Analysis
EOS/USD Daily Chart for February 26, 2018

It looks like EOS sellers are still on the driving seat and the most likely destination is $7, a key reaction zone and from which the double bar reversal pattern on February 5 and 6 is still riding on.

Besides that possible projection, we should be placing a keen eye on the horizontal consolidation between February 22 and 25 since they are our temporary high lows.

Optimists can begin searching for buy opportunities anywhere around $5.8 and $7 and if there is a change of fortune today and prices break above $8.5 or the middle BB, then $9.5 will be our buy trigger as it has been the case.

LTC/USD

LTC/USD Technical Analysis
LTC/USD Daily Chart for February 26, 2018

Let’s talk of possible spoilers for LTC now that buyers look to be firmly in charge. Fact is they are even feeding the 3rd phase of a typical bullish break out pattern.

Well, the first got to be possible resistance at around $220 which happens to be right around the 50% Fibonacci retracement level.

Today, I expect buyers to cross and sustain prices above it. If not, then a pull back towards the middle BB is on the cards. From there we can as well forget about prices testing $270 in the short term as LTC prices might be confined within $170 and $220 probably in a consolidation.

NEO/USD

NEO/USD Technical Analysis
NEO/USD Daily Chart for February 26, 2018

Honestly, I don’t see any visible change in price action unless of course you are talking about this consolidation along the middle BB. Often, such move is a precursor and a hint of possible break out in consequent sessions.

At the moment though, we still pretty much stuck with our previous analysis and buyers can still play the patience game.

$130 is our trigger and any surge below the immediate support trend line won’t be good for sellers. Anyhow, let’s see what happens today.

All charts courtesy of Trading View

The post Altcoin Analysis: NEO, EOS, LTC, IOTA and Lumens appeared first on NewsBTC.

Bitcoin Bitterness Starts to Make Messy Divorces Even Worse – Bloomberg


Bloomberg

Bitcoin Bitterness Starts to Make Messy Divorces Even Worse
Bloomberg
In December, Bitcoin hit a high of nearly $20,000, and less than two months later, had dropped to around $6,000. This volatility makes it difficult to determine value as the price can fluctuate wildly within the course of a divorce. “It’s not as


Bloomberg

Bitcoin Bitterness Starts to Make Messy Divorces Even Worse
Bloomberg
In December, Bitcoin hit a high of nearly $20,000, and less than two months later, had dropped to around $6,000. This volatility makes it difficult to determine value as the price can fluctuate wildly within the course of a divorce. “It's not as ...

Bitcoin ATMs in Detroit party stores, gas stations – The Detroit News

The Detroit NewsBitcoin ATMs in Detroit party stores, gas stationsThe Detroit NewsThe 23 Bitcoin automated-teller machines in Detroit are installed in places like the Big V Party Store on the northwest side. Signs outside the Big V prominently advertis…


The Detroit News

Bitcoin ATMs in Detroit party stores, gas stations
The Detroit News
The 23 Bitcoin automated-teller machines in Detroit are installed in places like the Big V Party Store on the northwest side. Signs outside the Big V prominently advertise its goods and services: check-cashing, money orders, liquor, Lotto tickets ...

China’s State Media: Blockchain Needs Regulation to Grow

A newspaper that serves as the mouthpiece for China’s government is arguing that blockchain needs regulation before it can be better utilized.

A newspaper that serves as the mouthpiece for China’s government is arguing that blockchain needs regulation before it can be better utilized.

Ethereum Price Technical Analysis – ETH/USD to Break Higher?

Key Highlights ETH price recently corrected lower and found support around the $800-810 area against the US Dollar. The ETH/USD pair is currently attempting an upside break above a bearish trend line at $840 on the hourly chart (data feed via SimpleFX). The pair may continue to trade high as long as it is above … Continue reading Ethereum Price Technical Analysis – ETH/USD to Break Higher?

The post Ethereum Price Technical Analysis – ETH/USD to Break Higher? appeared first on NewsBTC.

Key Highlights

  • ETH price recently corrected lower and found support around the $800-810 area against the US Dollar.
  • The ETH/USD pair is currently attempting an upside break above a bearish trend line at $840 on the hourly chart (data feed via SimpleFX).
  • The pair may continue to trade high as long as it is above the $815 support.

Ethereum price is showing positive signs against the US Dollar and Bitcoin. ETH/USD may rise in the near term with resistances on the upside near $870 and $900.

Ethereum Price Upside Move

There was a failure to break the $870 resistance in ETH price against the US Dollar. The price started a downside correction and traded below $850. It also declined below the 23.6% Fib retracement level of the last wave from the $775 low to $870 high. More importantly, there was a break below the $840 support and the 100 hourly simple moving average.

However, the downside move was protected by the 800-810 support area. Moreover, the 76.4% Fib retracement level of the last wave from the $775 low to $870 high acted as a support and prevented declines. A fresh upside wave was initiated recently and the price moved above $820. It seems like the ETH/USD pair is currently attempting an upside break above a bearish trend line at $840 on the hourly chart. The pair may close above the $840 resistance and it could attempt a run towards $870. However, a break above the $870 resistance won’t be easy in the near term.

Ethereum Price Technical Analysis ETH USD

On the downside, the $820 support is a decent buy zone. If the price fails to stay above the $820 support, it could retest the $800 handle. On the upside, a break above the $870 swing high may call for more upsides towards the $900 level.

Hourly MACD – The MACD is now back in the bullish zone.

Hourly RSI – The RSI is currently well above the 50 level.

Major Support Level – $820

Major Resistance Level – $870

 

Charts courtesy – SimpleFX

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Would you believe this? Steve Wozniak’s bitcoins actually got stolen – Economic Times


Economic Times

Would you believe this? Steve Wozniak’s bitcoins actually got stolen
Economic Times
Unfortunately, all of this doesn’t safeguard Bitcoin from fraud. The American inventor and philanthropist told a full house at the summit how his own Bitcoins got stolen. “The blockchain identifies who has bitcoins… that doesn’t mean there can’t be

and more »


Economic Times

Would you believe this? Steve Wozniak's bitcoins actually got stolen
Economic Times
Unfortunately, all of this doesn't safeguard Bitcoin from fraud. The American inventor and philanthropist told a full house at the summit how his own Bitcoins got stolen. “The blockchain identifies who has bitcoins… that doesn't mean there can't be ...

and more »

Asian Altcoin Trading Roundup: Top Cryptocurrency is Litecoin

FOMO Moments Monday morning in crypto land brings a pretty flat market to start the week. Traders have been resting over the weekend and there has been little movement in either direction for many of the altcoins. Bitcoin barely moved over the past two days and has remained steady at around $9,700. A few of … Continue reading Asian Altcoin Trading Roundup: Top Cryptocurrency is Litecoin

The post Asian Altcoin Trading Roundup: Top Cryptocurrency is Litecoin appeared first on NewsBTC.

FOMO Moments

Monday morning in crypto land brings a pretty flat market to start the week. Traders have been resting over the weekend and there has been little movement in either direction for many of the altcoins. Bitcoin barely moved over the past two days and has remained steady at around $9,700. A few of the altcoins are up a couple of percent and a few are down a couple but one that is in double figures this morning is Litecoin.

Coinmarketcap has LTC up 11% on the day during the morning’s Asian trading session. This time 24 hours ago it was trading at $205 and this morning it is up to $230. Litecoin peaked at $252 on Feb 21 but has fallen back by 20% over the week, today however it has rallied upwards once again. LTC is higher month on month and has remained above the crucial $200 support level for most of the latter half of February.

The launch of LitePay today is the likely catalyst. The payments processor will expand the adoption of Litecoin as more merchants and businesses will start accepting it as a method of payment for their products and services. A LitePay card and wallet will allow easy conversion from LTC into fiat. This can only be good news for the altcoin which has fallen out of favour since its peak in mid-December.

Additionally Litecoin founder Charlie Lee has been active on Twitter again extolling the coin that he sold out of a couple of months ago. His references to a ‘flappening’ when the Litecoin market capacity over takes the Bitcoin Cash market cap have spurred further speculation.

Litecoin currently has a $12.6 billion market cap with BCH on $19.9 billion. It is traded predominantly on OKEx which has 28% of the total; $1.2 billion has changed hands in trade volume for LTC in the past 24 hours.

Other altcoins doing well this morning are Cardano, Icon and DigixDAO. Iota, Ethereum Classic and Nano have all fallen back over 5% from their recent rallies.

More on Litecoin can be found here: https://litecoin.com/

FOMO Moments is a section that takes a daily look at the top 25 altcoins during the Asian trading session and analyses the best performing one, looking for trends and fundamentals. 

The post Asian Altcoin Trading Roundup: Top Cryptocurrency is Litecoin appeared first on NewsBTC.

Bitcoin Cash Price Technical Analysis – BCH/USD Struggling Below $1,220

Key Points Bitcoin cash price remains in a bearish zone below the $1,200-20 resistance area against the US Dollar. There is a major bearish trend line forming with resistance at $1,220 on the hourly chart of BCH/USD (data feed from SimpleFX). The pair must stay above the $1,100 support area to avoid further declines in … Continue reading Bitcoin Cash Price Technical Analysis – BCH/USD Struggling Below $1,220

The post Bitcoin Cash Price Technical Analysis – BCH/USD Struggling Below $1,220 appeared first on NewsBTC.

Key Points

  • Bitcoin cash price remains in a bearish zone below the $1,200-20 resistance area against the US Dollar.
  • There is a major bearish trend line forming with resistance at $1,220 on the hourly chart of BCH/USD (data feed from SimpleFX).
  • The pair must stay above the $1,100 support area to avoid further declines in the near term.

Bitcoin cash price is struggling to move above the $1,220 resistance against the US Dollar. BCH/USD may even break the $1,100 support for further declines.

Bitcoin Cash Price Decline

This past week, we saw a fresh downside move below $1,250 in bitcoin cash price against the US Dollar. The price even traded and settled below the $1,200 support. It recently formed a low at $1,118 and is currently trading in a tiny range. It has moved above the 23.6% Fib retracement level of the last decline from the $1,286 high to $1,118 low. However, there are many resistances on the upside towards the $1,250 level.

An initial resistance is around the $1,200 level and the 100 hourly simple moving average. The stated $1,200 level is also the 50% Fib retracement level of the last decline from the $1,286 high to $1,118 low. Above the stated $1,200, there is a major bearish trend line forming with resistance at $1,220 on the hourly chart of BCH/USD. The trend line resistance is near the 61.8% Fib retracement level of the last decline from the $1,286 high to $1,118 low.

Bitcoin Cash Price Technical Analysis BCH USD

Therefore, it seems like the $1,200-1,220 resistance region is a crucial barrier for buyers. As long as the price is below $1,220, it remains at a risk of more declines in the near term. Below $1,100, the price may decline towards $1,050.

Looking at the technical indicators:

Hourly MACD – The MACD for BCH/USD is slowly reducing its bearish slope.

Hourly RSI (Relative Strength Index) – The RSI for BCH/USD has just moved above the 50 level.

Major Support Level – $1,220

Major Resistance Level – $1,100

 

Charts courtesy – SimpleFX

The post Bitcoin Cash Price Technical Analysis – BCH/USD Struggling Below $1,220 appeared first on NewsBTC.

0x Price Analysis – Liquidity plagues the DEX

Cryptocurrency has a growing, ever-present problem. Despite blockchain being a centralization disruptor, the ecosystem is filled with single points of failure. Over US$1 billion has been stolen from exchanges in exploits, hacks, and thefts. These event…

Cryptocurrency has a growing, ever-present problem. Despite blockchain being a centralization disruptor, the ecosystem is filled with single points of failure. Over US$1 billion has been stolen from exchanges in exploits, hacks, and thefts. These events are becoming a mainstay thanks to systemic custodial risks, ballooning coin valuations, and an increasing number of investors on exchanges.