Thursday, May 23Your Daily Bitcoin & Altcoin News Portal
Russia is Looking into Utilizing Blockchain for Real Estate and Housing Projects

Russia is Looking into Utilizing Blockchain for Real Estate and Housing Projects

BLOCKTECH
Russian authorities are looking into the possibility of registering real estate and housing projects on a blockchain. According to a regional report, the Russian Ministry of Communications is considering the use of blockchain technology for agencies including the Federal Registration Service, a federal executive body that records registration of rights to real estate and all related transactions. Speaking to reporters, Nikolai Nikiforov – head of the Ministry of Communications of the Russian Federation stated: [W]e are considering the use of blockchain in the work of such agencies as the Federal Registration Service. Automatic real estate transactions, in particular, are considered as a pilot project for the use of blockchain in transactions related to equity construction and jo
CryptoGirl
Swiss Private Bank Introduces Bitcoin Trading and Storage

Swiss Private Bank Introduces Bitcoin Trading and Storage

BITCOIN
A private bank in Switzerland is offering its clients services to help them better manage their bitcoin holdings. Falcon Group announced today that it is launching the product, one aimed specifically at allowing customers to trade and hold bitcoin with their traditional accounts. The services are being offered in partnership with Bitcoin Suisse AG, a bitcoin brokerage founded in 2013. Arthur Vayloyan, global head of products and services for Falcon, said in a statement: We are proud to be the first-mover in the Swiss private banking area to provide blockchain asset management for our clients. Falcon is convinced that the time is right to enter this nascent market and it is our firm belief that this new product will fulfill our clients’ future needs. As part of the announcement,
CryptoGirl
Dash Price Technical Analysis: Attempting to Go Through Major $180 Level

Dash Price Technical Analysis: Attempting to Go Through Major $180 Level

PRICE ANALYSIS
Dash price recovered well after losses against the US Dollar and Bitcoin, and now DASH/USD is testing a major resistance area at $180. Main Highlights Dash price after a monster decline towards $150 versus the US Dollar found support and started a recovery. There was a break above a major bearish trend line with resistance at $178 on the hourly chart of DASH/USD (data feed from Poloniex). The price is currently trading just around a crucial resistance area at $180. Dash’s Gains and Barriers  Recently, there was a solid increase in bearish pressure on Dash price and it moved below the $160 level against the US Dollar. The price traded as low as $148.95 where it found bids and started a recovery. The upside move was decent as the price was able to break the $160-165 resis
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Ethereum Price Technical Analysis: Crosses One Bar, Now Facing Another

Ethereum Price Technical Analysis: Crosses One Bar, Now Facing Another

PRICE ANALYSIS
Ethereum price maintained a bit tone against the US Dollar and Bitcoin, and ETH/USD managed to settle above the $208 resistance area. Main Highlights ETH price gained momentum from the $185 support against the US Dollar and moved higher. This week’s highlighted two bearish trend lines with resistances as $188 and $205 on the hourly chart of ETH/USD (data feed via SimpleFX) were cleared. The next major hurdle for ETH buyers is around the $226 level, which is a short-term pivot.   Ethereum Recovery Attempt and Support There was a decent recovery started from the $168 low in ETH price against the US Dollar. Later, a support base was formed near $185 and the price started a substantial recovery. Buyers were able to take the price back above the $200 handle. Another im
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Bitcoin Price Technical Analysis: Pattern Indicates More Movements Lower

Bitcoin Price Technical Analysis: Pattern Indicates More Movements Lower

PRICE ANALYSIS
Bitcoin price could be due for a correction to the descending channel resistance before heading further south. Bitcoin Price Key Highlights Bitcoin price is in selloff mode but could be due for a pullback to nearby resistance levels. A small double bottom pattern can be seen on the short-term time frames, signaling bearish exhaustion and potential profit-taking. Price is also moving inside a descending channel pattern on its 1-hour chart and has just bounced off support.   Technical Indicators Signals The 100 SMA is below the longer-term 200 SMA so the path of least resistance is to the downside. The gap between the two moving averages is widening to reflect stronger bearish pressure and the 100 SMA is holding as dynamic resistance at the moment. The 200 SMA is cl...
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Poloniex Bitcoiners’ Stellar Lumens in Jeopardy

Poloniex Bitcoiners’ Stellar Lumens in Jeopardy

PRICE ANALYSIS
Stellar Labs have had an ongoing program where they are giving away free Lumens to people who already hold Bitcoin. They explain this move by saying: To achieve a more inclusive digital economy. Per our mission, Stellar.org works to connect people to low-cost financial services. Giving away lumens for free is an invitation to communities to design the services they need. […] To expand the reach of the network. The availability and active use of lumens on the network will increase the network’s utility by many orders of magnitude. However, when they announced the program earlier this year, they said that users of Poloniex and other exchanges wouldn’t need to do anything: An updated page shows that they are “confirming with Poloniex,” who summarily denied having ever agreed to recei
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Study: Late 2013 Bitcoin Bubble Fueled by Suspicious Trading Activity on Mt. Gox

Study: Late 2013 Bitcoin Bubble Fueled by Suspicious Trading Activity on Mt. Gox

EXCHANGE
According to a recent study by researchers from the University of Tulsa and Tel Aviv University, the massive increase in the bitcoin price in late 2013 was caused by suspicious trading activity on the now-defunct Mt. Gox Bitcoin exchange. The study, which is titled “Price Manipulation in the Bitcoin Ecosystem,” indicates that 600,000 bitcoins were acquired by agents who did not pay for them, and the bitcoin price rose by an average of $20 on days when the suspicious trading activity took place. “Based on rigorous analysis with extensive robustness checks, we conclude that the suspicious trading activity caused the unprecedented spike in the USD-BTC exchange rate in late 2013, when the rate jumped from around $150 to more than $1,000 in two months,” the study states. At the center
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UK Payments Startup Integrates Bitcoin After $66 Million Fundraise

UK Payments Startup Integrates Bitcoin After $66 Million Fundraise

BITCOIN
A fintech startup in the UK is launching a suite of cryptocurrency services following the completion of a $66m Series B funding round. Revolut, according to a report from Reuters, the funding came from a group of backers including Index Ventures, which is an investor in industry startups BitPay and Xapo. Balderton Capital and Ribbit Capital also took part in the round, the startup said in a blog post. The company, which reportedly has around 700,000 customers (including 400,000 of them based in the UK), offers a digital banking app as well as payment card services via MasterCard. Those services are expanding to include bitcoin payment options, with integrations for litecoin and ether on the way. The startup told Reuters that demand for bitcoin among its user base had prompted
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Why Brave’s $35 Million ICO May Not Be Enough for a High-Tech Hiring Spree

Why Brave’s $35 Million ICO May Not Be Enough for a High-Tech Hiring Spree

ALTCOINS
Ad-blocking browser startup Brave is having trouble spending the millions of dollars it recently raised via an initial token offering (ICO) on the ethereum blockchain. After attracting what was then valued at $35m by selling cryptographic assets aimed at monetizing online user behavior, the startup today posted the first of a series of job posts that would double the startup’s size. However, after having privately been on the hunt for talent for weeks, Brave founder Brenden Eich is cautious about how quickly he’ll be able to find the much-needed talent. In the wake of a historic year of ICO fundraisers, the competition for talent has reached a tipping point. “We need ethereum talent and that’s scarce right now,” said Eich, who formerly co-founded Mozilla and Firefox, telling C
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What Exactly is Happening to Bitcoin on August 1st?

What Exactly is Happening to Bitcoin on August 1st?

BITCOIN
Bitcoin users all over the world are all too aware August 1st is approaching quickly. This day will be an important moment in the history of Bitcoin and potentially all of cryptocurrency. Multiple things can happen. No one knows for sure what the outcome of the 24 hours prior to August 1st, as well as the days after that date, will bring. Since it is just a few weeks before August 1st, let’s review the potential outcomes. AUGUST 1ST IS A BIG DAY FOR BITCOIN With all of the discussions about scaling Bitcoin almost behind us, the time for action is now. Regardless of how things will play out, we will finally see Segregated Witness activate on the Bitcoin network. Most true Bitcoin believers have been waiting to see this happen for over a year now. Those efforts were delayed by Bitcoin