Key Points Bitcoin cash price is consolidating above the $320 support area against the US Dollar. There is a short-term contracting triangle forming with resistance near $335 on the hourly chart of BCH/USD (data feed from Kraken). The price might dip once more before moving higher above the $330-340 levels. Bitcoin cash price is moving in a range above $320 against the US Dollar. BCH/USD needs to gain pace above $335 to avoid near-term declines. Bitcoin Cash Price Resistance Yesterday, we saw how after a sharp decline Bitcoin cash price held the $310-300 support area against the US Dollar. The price recovered above $330, but failed to move above the 50% Fib retracement level of the last drop from the $401 high to $305 low. The upside move was limited and the price started trading in a rang...
Gates Foundation Launches Blockchain-based Mobile Payments Solution The Bill and Melinda Gates Foundation has launched the Mojaloop open-source payments software to provide an interoperability layer between financial institutions, payment providers, and other companies offering payment services to the poor and unbanked people around the world. The mobile payments system employs the Interledger technology that was developed by distributed ledger technology (DLT) startup Ripple. According to the foundation’s deputy director of financial services for the poor, Kosta Peric, the new software is aimed at resolving the issues with respect to the interoperability of digital payments. He also issued an invitation to players in the banking and payments industries to test the system. "Interop
Australian University Allows Students to Earn Ethereum from Campus Purchases An Australian university has partnered with Blockchain startup to offer Ethereum-based rewards program. Students at the University of New South Wales (UNSW) will soon be able to earn Ether tokens for purchases made on-campus. The program runs from October 6 to November 20, 2017. According to the startup’s managing director, Andrew Lowe, they are excited to monitor how the student members will respond to the program due to the sharp rise in the value of Ethereum. "Last month, the value of Ether rose by 30%, so we're excited to see how members respond to this type of loyalty currency vs. traditional approaches such as points. We're confident they'll find it much more engaging, but the research will give us a
Coinmall Hopes to Build an Ebay for Digital Goods Powered by Cryptocurrency - Bitcoin News Services This week we looked at a new cryptocurrency-based marketplace called, Coinmall.io, a platform that allows users to purchase digital goods with bitcoin and litecoin. Further, news.Bitcoin.com discussed the marketplace platform with its founder, Yousef Abdulhassan, who explains the project recently launched its alpha version this month. Also Read: Increased South African Bitcoin Adoption Highlights Need For Taxation Clarity Coinmall Launches Alpha Marketplace Offering Digital Goods for Cryptocurrencies Coinmall’s founder Yousef Abdulhassan explains that his new marketplace is a global, pseudonymous, and free market where users can buy and sell digital goods for cryptocurrencies. A
After dropping from a key resistance level the beginning of the week, Ripple’s XRP was mostly indecisive on Thursday. XRP/USD and XRP/EUR tested above the upper band of the daily Ichimoku cloud. However, they ended the day inside the cloud, as they both formed a spinning top candlestick pattern. XRPUSD-Consolidates-inside-Ichimoku-Cloud The pivot point for XRP/USD is set at the 23% Fibonacci retracement level of 0.20. Meanwhile, support falls approximately on 0.15. XRP vs. BTC XRP/BTC reached the key support level of 0.000036 on Thursday as it remained below the daily Ichimoku cloud. A break below this level could open doors for further drops towards the lows of 0.000004. This level was last seen in March 2017, before XRP started a rapid increase in value against Bitcoin. Unfortunately, th
First World Fat Cat Jamie Dimon Doesn’t Understand Poverty, Bashes Bitcoin It’s said how little Jamie Dimon knows about the needs of people who live in the countries of South America, Central America, Africa and Asia. Dimon keeps finding new ways to show his lack of understanding of Bitcoin, and of the economic realities of most of the world’s population. He recently said: “If it can be done digitally with the Blockchain, so be it. But it will still be a dollar cryptocurrency. What I have an issue with is a non-fiat cryptocurrency. So crypto sterling, euro, yen, they are all fine. I don't personally understand the value of something that has no actual value.“ Fat cats For an American millionaire with a narrow view of the world, he may be right. But for the inhabitants of more than
Star Jets International Now Accepts Bitcoin Payments - Bitcoin News Featured Star Jets International LLC now accepts bitcoin payments for private jet flights. The company is a wholly owned subsidiary of Advanced Defense Technologies, Inc. Customers who use Star Jets get to leverage all the advantages of using a corporate jet, according to an Econotimes article. Also read: Bitcoin Cash Developers Propose New Address Format Furthermore, customers have access to over 5,000 jets domestically and roughly 15,000 across the globe. The company allowing bitcoin transactions may now open up a new realm of possibilities for the company along with a new customer base. Bitcoin is Becoming Increasingly Accepted The CEO of Star Jets, Ricky Sitomer, mentioned bitcoin is becoming a more widel
Lucyd Building Blockchain-fueled Smartglasses With Mass Appeal In the 2013 novel Memories with Maya by Clyde Dsouza, the plot revolves around the artificial intelligence based augmented reality (AR) smartglasses called Wizer. While we have read and seen a lot about AR in sci-fi, the truth is that the real world debut of AR-based smartglasses has been less than spectacular. The most popular product to date has been Google Glass, but even that has been discontinued by Google for a variety of reasons, although it was recently reintroduced with a limited focus on workplace efficiency. Meanwhile, Lucyd wants to streamline the way you do just about everything. Lucyd’s 13 exclusive AR patents hold a lot of promise and can enable us to use a more natural interface to communicate with the cl
Bitcoin, Ethereum, Litecoin: Price Analysis, October 19 The views and opinions expressed here are solely those of authors/contributors and do not necessarily reflect the views of Cointelegraph.com. Every investment and trading move involves risk, you should conduct your own research when making a decision. * All the market data is provided by the HitBTC exchange. Market Analysis 19.10.2017 This week, Bitcoin has continued growing and reached new record highs at $5,885, then traded at $5,550 to $5,700. However, negative news followed by a correction also had an impact on the leading cryptocurrency. During trading time on Wednesday, Bitcoin dropped to $5,100 after the US Commodity Futures Trading Commision announced that tokens were to be equated with stock goods. If this happens, cry...
Tezos Founders Enter Legal Battle for Control of $400m in Raised Funds Altcoins Founded by husband and wife, Kathleen and Arthur Breitman, Tezos is a decentralized platform that hosts smart contracts that seeks to compete with ethereum. Tezos’ initial coin offering (ICO) did not have a cap on investment and raised approximately $232 million – at the time comprising the largest ICO crowdsale to date. The 65,703 bitcoins (BTC) and 361,122 ETH raised by the company is now worth more than $400 million USD. Also Read: Russian Regulators Consider Establishing a ‘Crypto-Detective Agency’ The Breitmans Are Reported to Be Attempting to Attain Greater Control Over Tezos’ Finances The Breitman couple has become embroiled in a legal dispute with Johan Gevers – the president of a Swiss foun