Day: August 14, 2018

Bitcoin (BTC) Price Watch: Bullish Divergence Spotted

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Bitcoin Price Key Highlights Bitcoin price is still hovering above the long-term support around the $6,000 area. A bullish divergence can be seen, suggesting that a bounce may be in order. Moving averages, however, still indicate that more losses are in the cards. Bitcoin price is still testing the long-term floor, and a bullish divergence signals that a bounce may happen. Technical Indicators Signals The 100 SMA just crossed below the longer-term 200 SMA to indicate that the path of least resistance is to the downside. This suggests that the…

Jamaica Stock Exchange to Introduce Crypto and Tokens Trading via Canadian Fintech Firm

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The Jamaica Stock Exchange (JSE) has selected Canadian fintech company Blockstation to facilitate the trading of digital currencies and tokens on the JSE, according to an August 14 press release. Upon implementation of the project, JSE will provide trading, quotes, execution, and settlement services for cryptocurrencies and tokens. Kirk Brown, Head Trader for a broker member of the JSE, underlined the importance for investors “to be able to invest in digital assets through their traditional financial institutions.” Marlene Street Forrest, Managing Director of the JSE said: “We are very comfortable…

Goldman Sachs, Wall Street Banks Sink $32 Million into Blockchain Startup

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We may, as Lightning Labs CEO Elizabeth Stark said earlier this year, be entering a “bitcoin not blockchain” world, but the global banking cabal isn’t ready to capitulate on its support for enterprise blockchain products just yet. Indeed, Axoni, an enterprise blockchain startup founded in 2013, has just concluded a $32 million Series B funding round headlined by a group of Wall Street’s largest financial institutions. Announced on Tuesday, the funding round was led by Goldman Sachs and Nyca Partners and featured investments from major financial industry firms such as…

Playboy Sues Canadian Blockchain Firm for Fraud and Breach of Contract

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Beverly Hills-based Playboy Enterprises is suing Canadian firm Global Blockchain Technologies (GBT), claiming that it failed to integrate blockchain technology into Playboy’s online media channels, the Los Angeles Times reported August 14. Playboy Enterprises reportedly filed a lawsuit in Los Angeles County Superior Court, accusing the Canadian company of fraud and breaching a contract, which the two companies drew in March. Per the terms of the agreement, GBT would integrate the Vice Industry Token (VIT) on Playboy’s media sites. Playboy said that the blockchain firm not only failed to fulfill…

Crypto Price Collapse Will Not Constrain Further Growth

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Ethereum co-founder and ConsenSys Inc. CEO Joseph Lubin said in an interview with Bloomberg Aug. 14, that he does not see the recent cryptocurrency price collapse as a constraint to further growth. In а recent discussion on the state of the cryptocurrency market with Bloomberg, Lubin said that the value surges of the past year were just another bubble like the previous “six big bubbles, each more epic than the previous one, and each bubble is astonishing when they’re happening.” He added that on close scrutiny those peaks look like…

Stellar Lumens, EOS, Tron, Litecoin, IOTA Technical Analysis

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Even as bears fatten, there is some good news for Stellar Lumens holders. It is now the fifth largest coin by market capitalization and the most stable coin in the last week shedding 13 percent. This is definitely a huge boost for coin holders and as more mainstream companies eye the efficient platform, we might see price rejuvenation above key resistance points helping drag other coins as Litecoin, IOTA and even TRX which is literally heading towards its ATLs. Let’s have a look at these charts: EOS Technical Analysis From…

High Times Will Not Accept Bitcoin in Its Initial Public Offering

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Marijuana culture media group High Times Holding Corp. has decided not to accept Bitcoin (BTC) in its initial public offering (IPO), according to an August 13 filing with the U.S. Securities and Exchange Commission (SEC). The decision runs counter to the company’s Aug. 3 announcement, where it stated it will accept cryptocurrencies in order to attract investors. In the beginning of August, High Times published a press release saying it would accept BTC and Ethereum (ETH) as a method of payment for subscription to the company’s shares. In the run-up…

Chinese State-Owned Aerospace Firm Turns to Blockchain to Manage Billions of Invoices

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The state-owned China Aerospace Science and Industry Corporation Ltd. is turning to blockchain technology to innovate its unwieldy electronic invoice system, according to an announcement republished on a government site August 13. The article, from official state newspaper People’s Daily, was posted yesterday by the State Administration of Science, Technology and Industry for National Defence and outlines how blockchain will help innovate the supervision of invoices for tax purposes nationwide. As the article notes, statistics indicate 1.31 billion Chinese electronic invoices were in circulation in 2017. By 2022, the number…

US Regulator Fines and Halts Activities of Fraudulent Tomahawkcoin Issuer

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The U.S. Securities and Exchange Commission (SEC) announced in an order Wednesday, August 14, that it has barred and fined the creator of Tomahawkcoin over a fraudulent Initial Coin Offering (ICO). Tomahawkcoin, which David T. Laurance ran as a token through his corresponding company Tomahawk Exploration LLC, failed to raise funds via an ICO in 2017. Having issued tokens via a “Bounty Program in exchange for promotional services,” Laurance, who has a previous record for securities fraud, again “violated the registration and antifraud provisions of the federal securities laws.” “Investors…