Day: August 23, 2018

Bitcoin (BTC) Price Watch: Still a Chance for a Reversal?

TradingBTC

Bitcoin Price Key Highlights Bitcoin price recently broke above an inverse head and shoulders neckline to signal that an uptrend is underway. However, the SEC decision to reject a number of bitcoin ETF applications led to a sharp drop. Price appears to be finding support at the broken neckline, though, and could still resume the climb. Bitcoin price retreated after breaking past its reversal pattern’s neckline but now seems to be drawing support again. Technical Indicators Signals The 100 SMA is below the longer-term 200 SMA to indicate that the…

ADA Nears All Time Lows

TradingBTC

Like on-chain developments, Cardano (ADA) sellers are slowing down. Week over week, it’s down five percent. This is a big improvement from three weeks ago when losses where double digit and exceeding 35 percent. If anything, ADA prices are trading around 7 cents, the coin’s main ATL. For recovery purposes, we must wait for gains above 12 cents triggering buys. On the reverse side, dips below 7 cents which would most likely spell a capitulation. At the moment though, we shall take a neutral stand and closely watch prices. From…

Pornhub Partners With PumaPay to Accept Crypto as Payments

TradingBTC

Canadian adult entertainment streaming website Pornhub has announced a partnership with cryptocurrency payment and billing startup PumaPay to enable its users payments in cryptocurrencies, according to a tweet August 23. Pornhub is now accepting PumaPay, with its “unique” pull payment protocol that will allow users automatically pay for their subscriptions, including PornHub Premium. PornHub promoted the partnership with a YouTube video entitled “Pornhub and PumaPay Save the World.” The move follows a similar agreement with cryptocurrency Verge (XVG) completed in April. The partnership with Verge allows customers to pay with…

Crowdfunding Firm Indiegogo to Sell Real Estate-Backed Security Tokens

TradingBTC

The international crowdfunding firm Indiegogo will promote a new real-estate-backed token, according to a post on the company’s website. The asset-backed cryptocurrency will enable accredited investors to buy shares of the St. Regis Aspen hotel in the form of digital tokens. According a report from The Verge, the upcoming digital token Aspen Coin is registered with the U.S. Securities and Exchange Commission (SEC), and will be available for purchase with U.S. dollars, as well as major cryptocurrencies Bitcoin (BTC) and Ethereum (ETH). The crypto-based crowdfunding project aims to raise $12…

US SEC to Review Rejection of Nine Bitcoin ETF Applications

TradingBTC

The U.S. Securities and Exchange Commission (SEC) will review its decision to reject nine applications to list and trade various Bitcoin (BTC) exchange-traded funds (ETFs), Reuters reported August 23. On Wednesday, the SEC disapproved a total of nine inquiries from three companies to bring BTC-based ETFs to market, claiming that the products did not comply with the requirements by the “Exchange Act Section 6(b)(5), in particular the requirement that a national securities exchange’s rules be designed to prevent fraudulent and manipulative acts and practices.” Shortly after, the SEC released letters…

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

TradingBTC

On a positive note, altcoins are stabilizing near our historical reversal drops—90 percent down from 2017-18 peaks. For now, we recommend taking a neutral to bullish stance especially in Litecoin, Stellar Lumens—retesting a monthly support trend line, IOTA and EOS. Fundamentally, TRX might get a boost but that’s largely dependent on the reception of their virtual machine launch. Let’s have a look at these charts: EOS Technical Analysis EOS Daily Chart by Trading View By adding three percent, EOS prices remains relatively unchanged oscillating within our previous $1 trade range…

UK Gov’t Researching Distributed Ledger Technology for Securing Digital Evidence

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The British Government is exploring ways to employ Distributed Ledger Technology (DLT) to secure digital evidence and identity information, according to a blog post published August 23. Her Majesty’s Courts and Tribunals Service (HMCTS) and the Open Innovation team at the Cabinet Office conjointly held a meeting devoted to the use of DLT in securing digital evidence. The author of the blog, Balaji Anbil, Head of the Digital Architecture and Cyber Security team at HMCTS, says that the Service is looking to apply new technology to traditional procedures like evidence…

Factom Seeks Patent for Secret Data Sharing on a Blockchain

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Factom, a system for auditing and securing millions of real-time records using blockchain technology, has filed another blockchain patent application for the advancement of its operations this year. CCN reported earlier this month that the data distribution company had filed a patent application for a system enabling document validation on the blockchain, a feature likely to be integral for the future operations of the platform’s services to governments, companies, and non-profits. The firm’s second proposal, published by the U.S. Patent & Trademark Office (USPTO) today, on Aug. 23, has a…

Before Bitcoin ETFs Pass, A Clear Crypto Narrative Is Needed

TradingBTC

Tanzeel Akhtar is an independent British journalist whose work has been published in The Wall Street Journal, CNBC, FT Alphaville, Investing.com, Forbes, Euromoney and Citywire. Bitcoin exchange-traded funds (ETFs) are having a hard time clearing the bar in the U.S., where nine applications were rejected by the Securities and Exchange Commission (SEC) yesterday. The SEC is now moving to review the decisions. Commissioner Hester Peirce tweeted: “In English: the Commission (Chairman and Commissioners) delegates some tasks to its staff. When the staff acts in such cases, it acts on behalf…