Day: July 9, 2018

Hackers reportedly reaped more than $2 million in different cryptocurrencies after spreading malware across computers in China.

Key Points

• Bitcoin price spiked above the $6,800 resistance recently before correcting lower against the US Dollar.
• There is a short-term bearish trend line in place with resistance at $6,730 on the hourly chart of the BTC/USD pair (data feed from Kraken).
• The pair is likely to move further higher above the $6,750 and $6,800 resistance levels.

Bitcoin price is placed in an uptrend above $6,600 against the US Dollar. BTC/USD may perhaps resume its upside move once the current correction is complete.

Bitcoin Price Analysis

Bitcoin price bounced sharply after forming a base near the $6,500 level against the US Dollar. The BTC/USD pair traded above the $6,600 and $6,700 resistance levels. The upside wave was strong since the price traded to a new monthly high at $6,839. Later, the price started a downside correction and declined below $6,800. There was a break below the 23.6% Fib retracement level of the last wave from the $6,504 low to $6,839 high.

However, the decline found support near the $6,680 level, which was a resistance earlier. Moreover, the 50% Fib retracement level of the last wave from the $6,504 low to $6,839 high also acted as a support. The price is currently consolidating and is well above the $6,600 support and the 100 hourly simple moving average. Should the price decline further, the $6,620 and $6,600 support levels are likely to act as strong resistances. On the upside, an initial resistance is at $6,720. There is also a short-term bearish trend line in place with resistance at $6,730 on the hourly chart of the BTC/USD pair.

Looking at the chart, the price is likely to break the trend line and $6,750 to resume its upside wave. The next resistances are at $6,800, $6,840 and $6,880.

Looking at the technical indicators:

Hourly MACD – The MACD for BTC/USD is currently in the bearish zone.

Hourly RSI (Relative Strength Index) – The RSI is flirting with the 50 level.

Major Support Level – $6,600

Major Resistance Level – $6,800

The post Bitcoin Price Watch: BTC/USD In Steady Uptrend appeared first on NewsBTC.

Bitcoin Press Release: It has taken the team over 10 months to achieve Consentium’s first token-based fundraising success, so thank you for being with us on this journey so far. We have re-aligned our strategy efforts and are ready to share our new development roadmap!

June 30th, 2018. Singapore. We are still focused on our mission of making Consentium Asia’s first community-driven chat application offering both a multi-digital currency wallet and group monetization in one platform — rewarding our users with cryptocurrency as an incentive to drive and cultivate strong in-app communities.

To get there, for the next few months our development team will be focused on developing a new identity, finalizing the functionality in the apps, and refining the algorithm of the community monetization model. Stay tuned for the details about every feature!

New Roadmap, New Look

Users will experience a brand new ‘look & feel’ on the Consentium app and website in the next coming weeks! We will be kicking-off our app development release LIVE on Android first on 1st August 2018. This will be followed by an iOS release on 10th September 2018. By October 2018,we would have fully integrated the Chat Community Monetization Model (CCM) across all platforms.

The CCM serves as an innovative way to automate and incentivize the in-app community growth, allowing all participants in the ecosystem, including developers, content creators, and business owners, to monetize their activities.

Five Versions, Five Languages

The Consentium app and website will available in the following languages: English, Chinese, Korean, Arabic and Japanese. So you won’t ever be lost in translation!

Key Features On The App

There are two salient features of the Consentium app; The chat community and the multiple digital (C2C) currency wallet, which allows peer-to-peer interactions at both individual and group levels.

The chat feature allows individual users to create, share, communicate and produce unique content through 1-to-1 chats with other individuals, or create group chats and channels via communities for brands and influencers.

This allows for multiple monetization opportunities across one integrated platform, applicable to different communities. The adaptation of integrated add-ons, such as gamification and tiered reward systems allow for greater user leverage across Consentium’s app and services.

Consentium Tokens (CSM) are based on the Ethereum platform, the world’s largest, leading smart contracts blockchain. Ethereum was specifically chosen as it offers an efficient balance of speed and token liquidity.

Consentium is committed to continually improve our user experience by implementing new features alongside top security and encryption functions.

We value the feedback of our community users, so please feel free to share your thoughts with us as we keep updating you on our progress!

Visit the Website: https://consentium.net/
Whitepaper: https://drive.google.com/file/d/1iMqq1cfMmo4_vI0wl-Fe74n8c2vNMXlo/view
Chat on Telegram: https://t.me/consentiumofficial
Connect on Facebook: https://www.facebook.com/consentium/
Connect on Twitter: https://twitter.com/ConsentiumCoin
Medium: https://medium.com/@consentium

Media Contact
Name: Vinita
Email: [email protected]

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The FedEx Institute of Technology, which was created by the University of Memphis in February 2018, has partnered with Good Shepherd Pharmacy to create a blockchain-based platform called REMEDI which will help distribute cancer medicine to patients.

The CEO of Good Shepherd Pharmacy, Phil Baker, says, “In Tennessee alone, over USD 10 million worth of perfectly good prescription medication gets flushed down the toilet every year. Blockchain is the solution for that problem. The REMEDI project (REclaiming MEDicine) will divert valuable medication into the hands of patients who would not otherwise use it.”

Essentially, REMEDI will keep track of cancer medications, and divert the medication to people that really need it instead of the medicine sitting stagnant on a shelf and eventually being thrown out. This is an example of how blockchain technology can help save lives.

Blockchain-based platforms have seen increasing use for supply chain applications. The technology increases supply chain transparency, security, and trustworthiness since it uses an immutable ledger to track goods as they move through the supply chain. A properly built blockchain ledger cannot be hacked by even the most powerful modern-day supercomputer, so users of the ledger can trust the information on it. Recently, the United Kingdom Food Services Agency successfully piloted a blockchain platform for tracking meat in a slaughterhouse, and blockchain technology can make supply chains for space exploration shorter and stronger, potentially saving vast amounts of money and accelerating space exploration.

The FedEx Institute of Technology will host a conference that will bring together blockchain experts so that they can discuss and collaborate to develop REMEDI. The CEO of FedEx, Fred Smith, says blockchain is “the next frontier that’s going to completely change worldwide supply chains”.

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The U.S. financial self-regulatory body is asking member firms to submit every detail of their existing or future activities in cryptocurrency.

Key Highlights

• ADA price is trading below the $0.1500 support and is currently in a bearish zone against the US Dollar (tethered).
• There is a key bearish trend line formed with resistance at $0.1450 on the hourly chart of the ADA/USD pair (data feed via Bittrex).
• The pair may continue to move down towards the $0.1400 and $0.1380 support levels in the near term.

Cardano price is under pressure against the US Dollar and Bitcoin. ADA/USD is likely to retest the $0.1400 support if sellers remain in action.

Cardano Price Analysis

There was a fresh downside move initiated from the $0.1580 high in ADA price against the US Dollar. The ADA/USD pair declined below the $0.1500 support and moved into a bearish zone. An intermediate high was formed at $0.1494 and the price is currently moving lower. It recently broke the $0.1460 support and the 100 hourly simple moving average. Moreover, there was a break below the 50% Fib retracement level of the last wave from the $0.1375 low to $0.1494 high.

It seems like the price may perhaps extend the current decline below the $0.1420 level. An immediate support is around the 76.4% Fib retracement level of the last wave from the $0.1375 low to $0.1494 high. Below this, the $0.1400 support could stop the decline. Finally, if the price declines further, it could revisit the last low of $0.1375. In the short term, an upward move is likely to face resistances near the $0.1450 level and the 100 hourly SMA. Moreover, there is a key bearish trend line formed with resistance at $0.1450 on the hourly chart of the ADA/USD pair.

The chart indicates that the price looks set for an extended correction. However, the $0.1400 support holds a lot of importance in the short term.

Hourly MACD – The MACD for ADA/USD is now moving in the bearish zone.

Hourly RSI – The RSI for ADA/USD is currently well below the 50 level.

Major Support Level – $0.1400

Major Resistance Level – $0.1460

The post Cardano Price Analysis: ADA/USD Could Extend Declines appeared first on NewsBTC.