Day: August 27, 2018

Samsung IT Arm Unveils Blockchain Certification Tool for Banks

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Samsung SDS, the IT arm of tech giant Samsung, has developed BankSign, a blockchain-based certification tool for banks, according to an official announcement August 27. The development by Samsung SDS is a joint project with the Korea Federation of Banks (KFB). BankSign aims to provide a simple transaction method within various banking systems by requiring certification from only one bank. Certification can be verified on the platform using passwords, fingerprints, or patterns. According to the announcement, BankSign enables customers to acquire a certification that is valid for up to three…

Bitcoin (BTC) Price Watch: Upside Breakout, Quick Pullback?

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Bitcoin Price Key Highlights Bitcoin price was previously consolidating inside a rising wedge and has just surged past the top. This signals that bulls are ready to charge and push price much higher from here. The wedge spans around $1,000 in height so the resulting move could be of the same size. Bitcoin price made a bullish breakout from its rising wedge pattern to signal that further gains are in the cards. Technical Indicators Signals The 100 SMA is above the longer-term 200 SMA to signal that the path of…

Regulatory Uncertainty and Lack of User Trust Inhibit Blockchain Adoption

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Regulatory uncertainty and trust are major barriers to blockchain adoption among businesses, according to a study released August 27 by ‘Big Four’ auditing firm PricewaterhouseCoopers (PwC). A new study entitled “Blockchain is here. What’s your next move?” conducted by PwC examined 600 executives in 15 countries on their development of blockchain and opinions about its potential. The countries participating in the survey included Australia, China, Denmark, France, Germany, Hong Kong, India, Italy, Japan, Netherlands, Singapore, Sweden, the UAE, the U.K., and the U.S. Respondents ranked regulatory uncertainty, lack of trust…

Ethereum (ETH) Technical Analysis: Ethereum (ETH) Undervaluation Persists

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Contrary to sentiment and upbeat expectation from within the crypto market, Ethereum is struggling against sellers. At spot prices, the second largest coin is down four percent. This is amid claims of discontentment  by some developers that the Constantinople hard fork deadline and expectations are overwhelming—if not unrealistic. From the News In a bid to contribute towards a more open financial system that helps foster creation of equal opportunities, efficiency and above all economic freedom via cryptocurrency and blockchain, CoinBase will try to evangelize the benefits of crypto and innovate…

Randi Zuckerberg Joins Huobi’s Public Blockchain Advisory Committee

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Randi Zuckerberg, the elder sister of Facebook founder Mark Zuckerberg, has joined the advisory board of cryptocurrency exchange Huobi to develop Huobi’s new public blockchain, according to a recent press release. Zuckerberg, who worked at Facebook for over six years, is also the founder and CEO of Zuckerberg Media. Per the announcement, Zuckerberg, along with the CEO of Chinese mining giant Bitmain Jihan Wu, have been appointed to the Huobi Chain Expert Advisory Committee to provide expert opinions and advice for the Huobi public chain. Experts on the committee provide…

IOTA, EOS, Stellar Lumens, Cardano, Litecoin Price Technical Analysis

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It’s a ball park four percent gain in the altcoins market with IOTA spearheading the recovery with a 15 percent gain yesterday. Based on price action, we expect a continuation of yesterday’s greens and in that case positives in ADA, Stellar Lumens, IOTA, EOS and even the deep Litecoin which is less than $5 from $50 main support line. Let’s have a look at these charts: EOS Technical Analysis EOS Daily Chart by Trading View Though the EOSIO blockchain is vulnerable to RAM exploitation, the community is always innovating devising…

Huobi Acquires Controlling Share in Investment Company via Backdoor Listing

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Chinese cryptocurrency exchange Huobi has reportedly acquired the controlling stock interest in Hong Kong-based Pantronics Holdings Ltd. through a backdoor listing deal, local news outlet JRJ.com reported August 27. A backdoor listing, which is also known as a reverse takeover or reverse Initial Public Offering (IPO), allows a privately held company to purchase a publicly traded company avoiding the public offering process, regulatory issues, and due diligence. Upon completion of the deal, the buyer gains automatic inclusion on a stock exchange. Huobi reportedly acquired 73.73 percent of Pantronics Holdings Ltd.,…

Bitcoin, Ethereum, Ripple, Bitcoin Cash, EOS, Stellar, Litecoin, Cardano, Monero, IOTA: Price Analysis, August 27

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The views and opinions expressed here are solely those of the author 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. The market data is provided by the HitBTC exchange. Can Bitcoin witness a scorching rally in the remaining part of the year? Tom Lee, Head of Research at Fundstrat Global Advisors certainly thinks so and he has his reasons. He is still hopeful that the leading digital currency can reach $25,000 by…

New Data From CFTC Shows Bearish Bitcoin Futures Are on the Decline

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Bearish positions for non-commercial contracts of Bitcoin (BTC) futures are on the decline, according to the latest Commitments of Traders (COT) report released by the U.S. Commodity Futures Trading Commission (CFTC) August 24. For the week ending August 21, the report shows that the net position on BTC futures declined by 1,266. Short positions fell by 210 contracts to 3,426 as compared with the previous week, with long positions up by 56 contracts at 2,160. As shown by the negative total tally, the market is still overall net short, yet…

Most Top 20 Coins Back in Green, Bitcoin Above $6,700

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Monday, August 27: crypto markets have seen another recovery attempt, with all of the top 20 coins by market cap in the green, according to data from CoinMarketCap. After suffering a slump yesterday, crypto markets are back to green, with IOTA (MIOTA), Cardano (ADA), and EOS (EOS) seeing the biggest gains among the top 10 coins, while Bitcoin (BTC) has broken back above the $6,700 point. Most of the top ten coins are seeing only slight gains between 1 and 2 percent on the day. Market visualization from Coin360 The…