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MediChain Platform to Tackle Cyber Attacks, Data Breaches and Costly Errors

Over the past few years, the reputation of the UK’s National Health Service (NHS) has suffered owing to highly publicized reports of cyber attacks, patient data breaches and errors that may have led to the losses of thousands of lives. Now, however, a solution may be close at hand. The MediChain Medical Big Data Platform … Continue reading MediChain Platform to Tackle Cyber Attacks, Data Breaches and Costly Errors

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Over the past few years, the reputation of the UK’s National Health Service (NHS) has suffered owing to highly publicized reports of cyber attacks, patient data breaches and errors that may have led to the losses of thousands of lives. Now, however, a solution may be close at hand. The MediChain Medical Big Data Platform has plans to protect electronic health records (EHR) and electronic medical records (EMR) that will empower patients, provide added security to EHR and EMR data and minimize costly mistakes.

In May 2017, parts of the NHS were brought to a complete standstill by a cyberattack that exposed the vulnerabilities of the IT systems used by the UK’s publicly-funded health care provider. The hospitals discovered that their Windows computers had been infected by the WannaCrypt malware virus, which also issued ransom demands if they wanted to regain access. The ransomware was fortunately stopped by one blogger. However, in October 2017 one of the same hospitals was struck by the virus again.

In a bid to allay tension, NHS Digital, the IT arm of the NHS, announced a GBP 20 million contract in November 2017 to secure the support of “ethical hackers” to prevent further attacks. However, such attempts to ease the concerns of patients about the safety of their personal medical data were undermined in January 2018 when a university health board in Wales had to apologize unreservedly to 41 patients, whose files had been illegally accessed by an administrative hospital worker. And this is not the first incident – a nurse illegally accessed the data of 3,000 patients over a two-year period in another Welsh hospital.

Luckily MediChain’s platform may be able to alleviate patient concerns. The company’s blockchain involves the creation of a compliant cloud where patients can store their medical information and control the actual data they share with doctors, hospitals, and other parties. As MediChain CEO Doctor Mark Baker puts it: “We will not only put patients in charge. Now, whenever new information is added about a patient, due to surgery, a consultation or prescription, the patient will decide independently what to include on his or her record, through an app, for example, adding a reference or ‘pointer’ to our Ethereum blockchain.”

Moreover, the medical blockchain enables the entry of crucial information off-chain. Dr. Baker highlights one of the key benefits of the off-chain aspect of the system: “Our blockchain ecosystem indexes highly sensitive patient data using a cryptographic database maintained by a computer network that is virtually incorruptible. In addition, the permission of the patient is required to access specific cryptographic keys.”

The system also helps to resolve another failing that has been plaguing the NHS – life-threatening mistakes. In late February 2018 UK Secretary of Health Jeremy Hunt declared that the government would do its best to cut the number of deaths caused by prescribing or issuing the wrong drugs to patients. This followed the release of government-sponsored research indicating that the deaths of up to 22,000 people in the country might be due to such errors, and that general practitioners, hospitals, care homes and pharmacists might be making 237 million errors each year.

Doctors logging onto MediChain’s platform, even from different hospitals, or patients themselves using smartcards, enter the information onto the same blockchain. Dr. Baker notes: “This information becomes part of the patient’s off-chain record. As the patient will now be in control and information will be shared securely between general practitioners, hospitals and patient, this might reduce the risk that the wrong drugs are dispensed and save lives lost needlessly.”

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Hacked Japanese Exchange Considers Capital Tie-Up to Regain Public Trust

Hacked Japanese Exchange Considers Capital Tie-Up to Regain Public TrustJapanese cryptocurrency exchange Coincheck is reportedly considering a capital tie-up in order to regain the trust of crypto investors, following a recent hack where 58 billion yen worth of cryptocurrency was lost. As multiple victim groups are preparing to sue the exchange, the Tokyo police is also stepping up its investigations. Also read: Indians Look to […]

The post Hacked Japanese Exchange Considers Capital Tie-Up to Regain Public Trust appeared first on Bitcoin News.

Hacked Japanese Exchange Considers Capital Tie-Up to Regain Public Trust

Japanese cryptocurrency exchange Coincheck is reportedly considering a capital tie-up in order to regain the trust of crypto investors, following a recent hack where 58 billion yen worth of cryptocurrency was lost. As multiple victim groups are preparing to sue the exchange, the Tokyo police is also stepping up its investigations.

Also read: Indians Look to Buy Bitcoin Overseas as Regulations Tighten

Possible Capital Tie-Up

Hacked Japanese Exchange Considers Capital Tie-Up to Regain Public TrustThe Tokyo-based cryptocurrency exchange Coincheck is reportedly “considering a capital tie-up to strengthen its financial base and regain trust following a massive cryptocurrency theft from the exchange in a hacking incident about a month ago,” Jiji Press reported, citing an informed source. The exchange lost 58 billion yen worth of the cryptocurrency NEM (~USD$544 million) on January 26.

The source told the publication:

There have emerged several possible partners, including an investment fund.

Hacked Japanese Exchange Considers Capital Tie-Up to Regain Public Trust
Coincheck CEO talking to the press.

An official in the crypto industry commented, “Coincheck’s customer base of over one million is fascinating.” However, there are concerns that the exchange could lose its customers going forward as it still struggles to compensate victims. “Investing in the company could involve great risks,” an official at a financial institution elaborated.

Jiji Press reported on Monday that “Coincheck expressed its eagerness to continue its business,” adding that “the company will strengthen its computer security system and information disclosure policy.”

Three Victim Groups

It has been about a month since the hack and the prospect of Coincheck compensating roughly 260,000 customers and restarting its business are still uncertain, Sankei reported. While the exchange resumed yen withdrawals on February 13, crypto withdrawals have not resumed. In addition, Coincheck promised to repay customers approximately 46 million in yen, rather than in cryptocurrencies.

Hacked Japanese Exchange Considers Capital Tie-Up to Regain Public Trust
Coincheck’s executives explaining about the hack.

On February 15, seven Coincheck customers filed a lawsuit at the Tokyo district court seeking the return of their cryptocurrencies, rather than Japanese yen. The plaintiffs are requesting their NEM and 12 other kinds of cryptocurrency, including bitcoin and ether, Business Insider Japan reported.

Another victim group was formed on February 22, and the third is also scheduled to be established, the news outlet added.

Hacked Japanese Exchange Considers Capital Tie-Up to Regain Public TrustEarlier this month, a meeting of Coincheck victims was held in Tokyo; approximately 35 users attended as well as three lawyers from the law firm Authense. An association of Coincheck’s victims was also established at the meeting.

Meanwhile, Nikkei reported that the Tokyo police department of cybercrime is setting up a headquarters this week to investigate the hack. It will be staffed with 100 investigators, including those familiar with cryptocurrency technology.

Do you think Coincheck should partner with another company? Let us know in the comments section below.


Images courtesy of Shutterstock and Coincheck.


Need to calculate your bitcoin holdings? Check our tools section.

The post Hacked Japanese Exchange Considers Capital Tie-Up to Regain Public Trust appeared first on Bitcoin News.

VeChain Enlists Nordic God Thor and BMW in Rebrand

VeChain has enlisted the powerful imagery of a Nordic God to transform its brand to VeChain THOR. The company made the announcement yesterday along with a host of new partnerships at a re-branding event. VeChain to Rebrand as VeChain THOR The presentation was made to a select audience but streamed live on YouTube. Starting off with imagery … Continue reading VeChain Enlists Nordic God Thor and BMW in Rebrand

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VeChain has enlisted the powerful imagery of a Nordic God to transform its brand to VeChain THOR. The company made the announcement yesterday along with a host of new partnerships at a re-branding event.

VeChain to Rebrand as VeChain THOR

The presentation was made to a select audience but streamed live on YouTube. Starting off with imagery that looked like a melding of The Lord of the Rings and Blade Runner the video, which runs for about 38 minutes, outlines the re-branding of Vechain as well unveiling its new partnerships.

VeChain’s cryptocurrency, VEN, had a strong showing in early 2018 making an increase of 500 percent in value. This alone puts VeChain in the top 5% of cryptocurrency performers so far for the year.

VeChain owes its success in part to offering a use case that differs from most cryptocurrency. Instead of being a dark coin designed to hide transactions VeChain is known as a white coin.  A white coin is meant to increase the transparency of transactions thus creating  “a trust-free and distributed business ecosystem to enable transparent information flow, efficient collaboration, and high-speed value transferring.

This use case which may appeal especially to producers and consumers of luxury goods could be what put VeChain together with BMW officially just hours before the announcement of their re-branding.

New Partnerships Show Strong Support

In addition to the BMW partnership, VeChain has also announced a collaboration with the University of Oxford aimed at assisting the development of the VeChain THOR platform. South Korean Exchange Coinnest also added VeChain to its trading platform in a direct fiat to VET exchange adding an extra bit of stature to the re-branding of its token.

VEN, in theory, could be used to track the authenticity of goods through the marketplace to the purchaser. This is a great reassurance in a world full of fakes, and something impossible to do with traditional currency.

The same tracking technology can be used in the seafood industry to ensure fish are being sourced in legal locations and using humane practices. In order to make this end-to-end transparency happen a microchip has to be installed in each product to be logged in the distributed ledger.

As VeChain becomes VeChain THOR and VEN is listed as VET their blockchain will run on a two-coin system. THOR will be a separate product from VET which can be acquired through the staking of VET in a wallet. Full instructions and usage is available at the THOR calculator website.

By adding the prestige of BMW and the accolades of Oxford University there is little doubt that as VeChain takes up the hammer of the gods as VeChain THOR, it will continue to grow as resiliently as it started.

Image courtesy: YouTube

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Polymath – a Unique Platform Linking Traditional Financial Securities With Blockchain

Polymath is a blockchain-based platform that aims to link traditional financial securities with blockchain technology. From creation to issuance, to fundraising, Polymath guides issuers through the complex tech and legal process of a successful token launch. Some of the targeted securities for the Polymath platform include assets from the worlds of private equity, debentures, derivatives, … Continue reading Polymath – a Unique Platform Linking Traditional Financial Securities With Blockchain

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Polymath is a blockchain-based platform that aims to link traditional financial securities with blockchain technology. From creation to issuance, to fundraising, Polymath guides issuers through the complex tech and legal process of a successful token launch. Some of the targeted securities for the Polymath platform include assets from the worlds of private equity, debentures, derivatives, and venture capital.

The Background

Today, the launching of a securities-backed token is a difficult experience. Not many ecosystems are available for this purpose. Moreover, users have very limited number of compliance mechanisms in place. It’s difficult for the company to securely link assets to the blockchain without affecting compliance or the security of the assets themselves. Even when securities are listed on the blockchain, they have limited liquidity since conventional crypto exchanges refuse to list securities tokens, due to the fear of being targeted by regulators.

How Polymath Addresses These Challenges?

Polymath serves as a one stop shop for securities token projects. The platform is embedded with all of the following features in mind that tackle the mentioned challenges successfully:

  • Collaboration: An active global community
  • Regulatory: Polymath offers compliance in a box
  • Creation: Launch a securities token (ST) within minutes
  • Fuel: The network is fueled by the PLY token
  • Liquidity: Polymath intends to be the world’s first ST-only exchange

See how it works here.

The Exclusive Features

Polymath is based on four layers to develop its securities token ecosystem:

  • Protocol Layer:

The compliance begins at this layer. This layer uses an Ethereum smart contract to offer KYC/AML accreditation from the ground up.

  • Application Layer:

The application layer enables the companies to develop a securities-backed token in a matter of minutes. The platform has a “Create-A-Security-Token Wizard” to walk users through the entire process.

  • Legal Layer:

This layer includes a collection of legal tools companies can utilize to ensure they meet compliance standards. Regional delegates serve as legal touch points for Polymath projects, helping walk companies through the entire process.

  • Exchange Layer:

The Polymath Exchange Layer is the closed-ended KYC compliant on/off ramp to the Polymath ecosystem. It offers instant liquidity through an ST-only exchange.

The Polymath Token (POLY)

The Polymath Token (POLY) is a utility token for issuers, investors, and developers. The token is used to access, use, and further develop the Polymath network. Issuers pay only a POLY fee to create and issue securities tokens. Investors pay a POLY fee for KYC/AML verification, and to interact with the Polymath network (buying, selling, and trading STs will incur a POLY fee). Developers, meanwhile, receive POLY to continually evolve the network.

To know more about the platform and invest in Polymath Tokens, please visit https://polymath.network/. You may also access the Whitepaper or get connected to the team at Telegram.

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Ripple Price Technical Analysis – XRP/USD Broke Key Resistance

Key Highlights Ripple price was able to move above the $0.8400 resistance against the US dollar. There was a break above a significant bearish trend line with resistance at $0.8450 on the hourly chart of the XRP/USD pair (data source from SimpleFx). The pair is now placed nicely above the $0.8600 support and the 100 … Continue reading Ripple Price Technical Analysis – XRP/USD Broke Key Resistance

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Key Highlights

  • Ripple price was able to move above the $0.8400 resistance against the US dollar.
  • There was a break above a significant bearish trend line with resistance at $0.8450 on the hourly chart of the XRP/USD pair (data source from SimpleFx).
  • The pair is now placed nicely above the $0.8600 support and the 100 hourly simple moving average.

Ripple price is gaining pace against the US Dollar and Bitcoin. XRP/USD seems to be back in the bullish zone with resistances on the upside at $0.8900 and $0.9000.

Ripple Price Support

There was a support base formed in Ripple price above the $0.8200 level against the US Dollar. The price started an upside move and succeeded in breaking the $0.8400 resistance. There was also a break above the 50% Fib retracement level of the last decline from the $0.9320 swing high to $0.8195 low. More importantly, there was a break above a significant bearish trend line with resistance at $0.8450 on the hourly chart of the XRP/USD pair.

The pair climbed higher and it was able to settle above the $0.8600 support and the 100 hourly simple moving average. The upside move was stalled near the 61.8% Fib retracement level of the last decline from the $0.9320 swing high to $0.8195 low. At the moment, the price is currently consolidating in a range above the $0.8600 support. The broken resistance at $0.8600 and the 100 hourly SMA are acting as a supports and are preventing declines.

Ripple Price Technical Analysis XRP USD

As long as the price is above $0.8600 and the 100 hourly SMA, there could an upside move in XRP/USD. A break above the $0.8900 and $0.9000 resistance levels could clear the path for more gains.

Looking at the technical indicators:

Hourly MACD – The MACD for XRP/USD is now back in the bullish zone.

Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is currently well above the 50 level.

Major Support Level – $0.8600

Major Resistance Level – $0.9000

 

Charts courtesy – SimpleFX

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

Other than LTC/USD, NEO, EOS, Lumens and even IOTA are moving higher. Even though yesterday’s lower lows in LTC should be a wonderful buying opportunity for buyers, sellers should be cautious and place stops above yesterday’s highs at around $220. Other than that, EOS is on the upside and the bounce from previous resistance-now support … Continue reading Altcoin Technical Analysis: NEO, EOS, LTC, IOTA and Lumens

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Other than LTC/USD, NEO, EOS, Lumens and even IOTA are moving higher.

Even though yesterday’s lower lows in LTC should be a wonderful buying opportunity for buyers, sellers should be cautious and place stops above yesterday’s highs at around $220.

Other than that, EOS is on the upside and the bounce from previous resistance-now support has been spectacular.

Let’s have a look at these charts:

XLM/USD

XLM/USD Technical Analysis
XLM/USD 4HR Chart for February 27, 2018

Some positive price movements from yesterday’s Lumens price action.

Even though I cannot really recommend entry for positional buyers until after a convincing break above $0.4, there is a reason for scalpers to fine tune their long entries in lower time frames.

In fact they can enter in the 4HR chart now that there is a bullish break above the middle BB. Good move but that is still below the middle BB and $0.40 in the daily chart. However, spreading long entries with every dip of prices can be a good strategy in the mean time.

IOT/USD

IOT/USD Technical Analysis
IOT/USD 4HR Chart for February 27, 2018

Prices remain resilient and even after those emails, buyers are still confident with IOTA’s hashing function.

Anyway, here is the thing, technically, prices look to be on an uptrend and supporting this is the shift of buy momentum as bulls are looking for a break above the middle BB and $2 today.

When we zoom in and check price movement in the 4HR chart then we can see that how significant $1.75 and the 20 period MA have been since that bullish break out on February 24. I will recommend buys with immediate targets of $2 and $2.5 in the short term.

Stop loss should remain at around $1.70 which is below our immediate support in the 4HR chart.

EOS/USD

EOS/USD Technical Analysis
EOS/USD 4HR Chart for February 27, 2018

After 12 days of bearish pressure, EOS seems to be on a recovery path. Remember on February 14 we had this nice bullish break out and what happens in such set ups is that prices tend to retrace. It did move lower.

However, look at how that break out line, the previous resistance now support trend line, is shoring prices? Fact is, with this strong bullish candlestick pushing above the 20 period MA and $8, buyers can trigger long positions and place their stops at around $7 which is just below yesterday’s low.

It is likely that the retest phase is over and we are in the early stages of a phase 3-the trend resumption phase and if that is the case, then prices should move higher today. In this case, I place a conservative bull target of $10 which is slightly above February 15 highs.

LTC/USD

LTC/USD Technical Analysis
LTC/USD 4HR Chart for February 27, 2018

After yesterday’s ceiling at around $220 or the 50% Fibonacci retracement level in the daily chart, we can as well pause and exit our long positions.

There is a likelihood that we are right in the bear resumption if price action and patterns in the 4HR chart is something to go with.

Notice that prices are reversing right at the support trend line of a previous bull flag and after bear pressure confirmation, sellers might take the lead and drive prices back to $200 or February 18 lows of $180.

Of course this is for scalpers with stops above $220 but long term traders should stay out of this trade and look to buy at last week’s lows of $200 or even $180.

NEO/USD

NEO/USD Technical Analysis
NEO/USD Daily Chart for February 27, 2018

From our previous forecast, yesterday’s strong push above $130 meant NEO bulls can enter this trade.

You see we have a clear push of that in the 4HR chart and even in the daily chart where the past 3 or 4 days of price consolidation became a catapult for prices.

Place stops at $120 and target January 29 highs of $170 or there about.

All charts courtesy of Trading View

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Millennials to Utilize Crypto and Blockchain to Build Their Future

Cryptocurrency will close out its first decade in 2018. For some out of the loop this will be a surprisingly long time but for millennials and early adopters, it probably seems more like the shift from BC to AD. Technology develops and is integrated into our lives at such an advanced rate that it is hard to … Continue reading Millennials to Utilize Crypto and Blockchain to Build Their Future

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Cryptocurrency will close out its first decade in 2018. For some out of the loop this will be a surprisingly long time but for millennials and early adopters, it probably seems more like the shift from BC to AD.

Technology develops and is integrated into our lives at such an advanced rate that it is hard to imagine life before say the iPhone, which turned ten last year. For millennials, the first generation of humans to grow up with digital technology as an everyday part of life there is no separation between living, working, playing and interacting with one’s device.

Cryptocurrency a Natural Fit to Millennial Lifestyle

Growing up in the digital era seems to have given millennials a different perspective on ownership of goods than generations going back to the industrial revolution. With every form of information and entertainment digitized and streamable there is no need for bookshelves, houses get smaller, for many, the idea of owning a car is ridiculous when you can order one from an app.

The idea of a non-tangible decentralized currency fits easily into a reality where most of your friends exist on the internet and many of them half a world away. While even GenXers may fear plunging into markets that can change dramatically over the course of a day it can seem natural to person who garnered several hundred thousand views on YouTube for a cat video.

Future on the Blockchain

There is so much talk today about blockchain technology being as disruptive to  existing networks as the internet was twenty years ago there is no wonder that top universities are struggling to meet student demand for classes exploring it.

Companies like StormX are looking to utilize blockchain to change the nature of the still infantile gig economy. CEO Simon Yu sees millennials freeing themselves to work wherever, and whenever they want on his platform. It will not only pair specialized jobs with experts but facilitate the payment in cryptocurrency, he stated;

“The reality of the mainstream side hustle is often high freelancer fees, high operating fees, and many opportunities can be more trouble than they’re worth,”

Just now most of the focus is still on cryptocurrency and the volatility of the markets and when the bubble is going to burst. For those looking towards the future though these are just growing pains. The planners see blockchain changing the way existing industries do business. Everything from international transport to rental contracts may soon be registered on decentralized ledger networks.

Law firms, hospitals, governments will very likely be implementing blockchain networks to store and move information around the world providing the ability to pull up a doctors visit from the past or pay taxes on a smart phone.

For those a bit older, investing in cryptocurrency or believing in something called blockchain to store a life’s worth of information can be an intimidating prospect. Taking a day to read about and explore cryptocurrency maybe all it takes to get comfortable with buying some crypto and relying on the blockchain. Information tends to calm all fears.

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Taiwan’s New Central Bank Chief Eyes Blockchain Boost

The new head of Taiwan’s central bank said in a brief speech on Monday that his agency will eye on blockchain to improve the payment system in Taiwan.

The new head of Taiwan’s central bank said in a brief speech on Monday that his agency will eye on blockchain to improve the payment system in Taiwan.

Ethereum Price Technical Analysis – ETH/USD Gains Traction

Key Highlights ETH price was able to move higher and it recently traded above $845 against the US Dollar. There was a break above a major bearish trend line with resistance at $837 on the hourly chart (data feed via SimpleFX). The pair traded as high as $869 and it is currently correcting lower towards … Continue reading Ethereum Price Technical Analysis – ETH/USD Gains Traction

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Key Highlights

  • ETH price was able to move higher and it recently traded above $845 against the US Dollar.
  • There was a break above a major bearish trend line with resistance at $837 on the hourly chart (data feed via SimpleFX).
  • The pair traded as high as $869 and it is currently correcting lower towards the $850 support.

Ethereum price is back in action against the US Dollar and Bitcoin. ETH/USD must stay above the $845-850 support to move further higher in the near term.

Ethereum Price Support

Yesterday, I mentioned that there could be more gains above $840 in in ETH price against the US Dollar. The price did make an upside move and it was able to trade above the $840 and $845 resistance levels. There was also a break above a major bearish trend line with resistance at $837 on the hourly chart. It cleared the path for more gains and the price settled above $850 and the 100 hourly simple moving average.

A high was formed at $869 from where the price started a downside correction. It is currently just below the 23.6% Fib retracement level of the last leg from the $86 low to $869 high. On the downside, there is a major support above the $840 level. There is also a bullish trend line forming with support around $845. Moreover, the 50% Fib retracement level of the last leg from the $86 low to $869 high is near $840. Below $840, the 100 hourly SMA is positioned. Furthermore, there is another bullish trend line forming with support at $828.

Ethereum Price Technical Analysis ETH USD

Therefore, there are many supports on the downside starting with $845 and up to $828. On the upside, the recent high near $869 is a short-term resistance, followed by the $900 level.

Hourly MACD – The MACD is slowly moving in the bullish zone.

Hourly RSI – The RSI is moving lower towards the 50 level.

Major Support Level – $840

Major Resistance Level – $870

 

Charts courtesy – SimpleFX

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Square earnings: Bitcoin may generate buzz, but it’s not what pays the bills – MarketWatch


MarketWatch

Square earnings: Bitcoin may generate buzz, but it’s not what pays the bills
MarketWatch
“For almost three months, the Square narrative has been conflated with the bitcoin narrative despite the latter’s likely minimal real impact on the former,” wrote BTIG analyst Mark Palmer last week. He’s one of only two analysts with a sell rating on
Square Earnings Due Tuesday But Investors Watching Bitcoin TiesInvestor’s Business Daily

all 3 news articles »


MarketWatch

Square earnings: Bitcoin may generate buzz, but it's not what pays the bills
MarketWatch
“For almost three months, the Square narrative has been conflated with the bitcoin narrative despite the latter's likely minimal real impact on the former,” wrote BTIG analyst Mark Palmer last week. He's one of only two analysts with a sell rating on ...
Square Earnings Due Tuesday But Investors Watching Bitcoin TiesInvestor's Business Daily

all 3 news articles »

Bitcoin Cash Price Technical Analysis – Can BCH/USD Retain Momentum?

Key Points Bitcoin cash price started a decent upside move and traded above the $1,200 resistance against the US Dollar. There was a partial break above yesterday’s highlighted bearish trend line with resistance at $1,220 on the hourly chart of BCH/USD (data feed from SimpleFX). The pair is correcting lower, but it is above the … Continue reading Bitcoin Cash Price Technical Analysis – Can BCH/USD Retain Momentum?

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Key Points

  • Bitcoin cash price started a decent upside move and traded above the $1,200 resistance against the US Dollar.
  • There was a partial break above yesterday’s highlighted bearish trend line with resistance at $1,220 on the hourly chart of BCH/USD (data feed from SimpleFX).
  • The pair is correcting lower, but it is above the $1,200 level and the 100 hourly simple moving average.

Bitcoin cash price made a positive move above $1,200 against the US Dollar. BCH/USD must stay above 100 hourly SMA to gain further upside momentum.

Bitcoin Cash Price Support

Yesterday, we saw how there was a key support forming above the $1,100 level in bitcoin cash price against the US Dollar. The price started a slow and steady rise and it was able to move above the $1,160 resistance. There was also a break above the 61.8% Fib retracement level of the last downside wave from the $1,285 high to $1,116 low. It opened the doors for more gains and the price settled above $1,200 and the 100 hourly simple moving average.

More importantly, there was a partial break above yesterday’s highlighted bearish trend line with resistance at $1,220 on the hourly chart of BCH/USD. The pair traded as high as $1,263 and it is currently correcting lower. It has moved below the 23.6% Fib retracement level of the last wave from the $1,125 low to $1,263 high. It is currently testing the broken trend line at $1,210. On the downside, the 50% Fib retracement level of the last wave from the $1,125 low to $1,263 high is at $1,195 to act as a support. Moreover, the stated $1,195 level is also near the 100 hourly SMA.

Bitcoin Cash Price Technical Analysis BCH USD

Therefore, as long as the price is above $1,190 and the 100 hourly SMA, it could rise once again.

Looking at the technical indicators:

Hourly MACD – The MACD for BCH/USD is now back in the bullish zone.

Hourly RSI (Relative Strength Index) – The RSI for BCH/USD is moving lower towards the 50 level.

Major Support Level – $1,190

Major Resistance Level – $1,250

 

Charts courtesy – SimpleFX

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Weekly Online Slots Tournament – TOP 25 Winners Share 2 BTC

There is almost always something exciting going on at Bitcoincasino.us. This is a casino that is literally based on the concept of using Bitcoins for every aspect of what goes on there. Put another way, players are using Bitcoins within the casino to do everything from withdraw and deposit to placing their actual wagers. That is a very exciting concept to a lot of players who have been bothered by the lack of such casinos for some time. It is frequently the case that some casinos will drag their feet when it comes to paying out their players. They always

There is almost always something exciting going on at Bitcoincasino.us. This is a casino that is literally based on the concept of using Bitcoins for every aspect of what goes on there. Put another way, players are using Bitcoins within the casino to do everything from withdraw and deposit to placing their actual wagers. That is a very exciting concept to a lot of players who have been bothered by the lack of such casinos for some time.

It is frequently the case that some casinos will drag their feet when it comes to paying out their players. They always advertise how their players are winning and how exciting that feeling is. However, when it comes time to pay out, there are some casinos that are simply not staying as true to their word. They might very well make the payment, but only after having made it as painful as possible for you as a player. That does not happen when it comes to Bitcoin. When using Bitcoin, a player knows that they can receive their funds very quickly.

Bitcoincasino.us is known for something else as well. That is the Slot Warriors 2 BTC Tournament that they hold on a weekly basis. These tournaments constitute a fun way to compete and gamble with other players on the site. They also have prizes that are paid out to the top finishers. In fact, Bitcoincasino.us pays out two Bitcoins divided up among the top finishers per week via their slot machine tournaments. That is a lot of cash when you look at recent Bitcoin exchange rates.

A fun aspect of these tournaments is always being able to track where you and others are in the race to the top. Leaderboards that are posted right on the home page of the casino make it easy to see how you are holding your own against others as you all compete for the same crown.

Players who are near the top of the leaderboard can definitely get frantic as the clock ticks down towards the end of the tournament. They want so badly to see themselves come away with something for all of their efforts. That is the goal and dream of everyone who participates.

Winners get to have their username advertised as a winner throughout the site, and that gives them a little creditability and a nice boost to their reputation as a gambler.

Winnings are paid out at the conclusion of the tournament into the accounts of the top finishers. They may then decide to use those funds to continue playing other games or to cash them out via a Bitcoin exchange somewhere else on the Internet. No matter what, there are a lot of happy people at the conclusion of one of these tournaments.

Take a look around at the offerings at Bitcoincasino.us today to see if there is a tournament you might like to be involved in. If you are planning to play the slots anyway, you might as well at least compete with some others to have your shot at winning some Bitcoins for your efforts.

There are plenty of opportunities to win if you participate regularly. Check out their regularly scheduled weekly tournaments and enter them whenever you can. You just might be lucky enough to finish as a winner sooner rather than later. It is a matter of luck as well as persistence.

This is a sponsored press release and does not necessarily reflect the opinions or views held by any employees of The Merkle. This is not investment, trading, or gambling advice. Always conduct your own independent research.

Bitcoin Price Technical Analysis for 02/27/2018 – Another Reversal Formation!

Bitcoin Price Key Highlights Bitcoin price could be in for a longer-term climb as it looks ready to form another inverse head and shoulders pattern. Recall that bitcoin price staged a decent rally after forming a smaller inverse head and shoulders on its 1-hour chart. Price has yet to test the neckline around $11,000 and … Continue reading Bitcoin Price Technical Analysis for 02/27/2018 – Another Reversal Formation!

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Bitcoin Price Key Highlights

  • Bitcoin price could be in for a longer-term climb as it looks ready to form another inverse head and shoulders pattern.
  • Recall that bitcoin price staged a decent rally after forming a smaller inverse head and shoulders on its 1-hour chart.
  • Price has yet to test the neckline around $11,000 and break higher before confirming the potential climb.

Bitcoin price is in the middle of creating another inverse head and shoulders formation that could lead to more rallies.

Technical Indicators Signals

The 100 SMA is crossing above the longer-term 200 SMA on the 4-hour time frame to signal that the path of least resistance is now to the upside. This suggests that the previous downtrend is getting ready for a reversal. These moving averages are currently holding as dynamic support as well.

A break past the neckline could lead to a climb of the same height as the formation or roughly $5,000. Stochastic is on the move up to indicate that buyers have the upper hand but is also dipping into overbought territory to signal bullish exhaustion.

RSI has more room to climb, so buying pressure could stay in place for a bit longer. However, if the neckline keeps gains in check, bitcoin price could revisit the area of interest at $10,000 then at $9,000.

Market Factors

Risk appetite peeked back in the financial markets during the US session as traders appeared to be bracing for more cautious remarks from new Fed Chief Powell. If so, businesses and consumers could look forward to a longer period of low interest rates or a slower pace of tightening, which would be good for stocks and commodities.

However, what really boosted bitcoin price was the news that cross-border currency exchange company Circle acquired Poloniex, which is a leading crypto exchange platform. Poloniex has the seventh-largest market share of BTCUSD trading volume, according to CryptoCompare.

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