Day: September 1, 2018

Response to Bitcoin ETF Denials Drove Bitcoin Price to $7,100: Analyst

TradingBTC

What’s behind the recent bitcoin rally price to $7,100? Michael Moro, CEO of Genesis Trading and Genesis Capital, thinks the market’s stable reaction to the SEC’s ETF rejections last week played a big role. Interviewed on CNBC, Moro noted that the selloff that has greeted SEC rejections in the past did not materialize. The important question now, he said, is how long the $7,100 price level holds. Bitcoin Price Analysis: Waiting For The Bulls BTC/USD | Bitfinex If the $7,100 price holds for one or two weeks, the bulls will…

Almost All Top 100 Cryptocurrencies Solidly in Green, Dogecoin Skyrockets Over 40%

TradingBTC

Saturday, September 1: crypto markets are multiplying recent gains today, with 97 out of the top 100 cryptocurrencies by market cap solidly in the green, as data from Coin360 shows. Market visualization from Coin360 Bitcoin (BTC) continues to climb steadily over the $7,000 mark, seeing 2.52 percent gains over the past 24 hours, according to CoinMarketCap. Bitcoin is trading at about $7,216 at press time, up 7.2 percent over the past week.  The largest cryptocurrency by market cap broke the $7,000 point for the second time this week amidst news…

Bitcoin Price Just Surged to $7,200 in 1 Hour, Strong Short-Term Rally Next?

TradingBTC

In the past hour, the Bitcoin price has surged from $7,030 to $7,200, bringing the entire market with it to the upside. Bitcoin Cash, NEO, Litecoin, ICON, EOS, VeChain, Tron, Qtum, Cardano, and most major tokens have recorded 5 to 15 percent gains in the past 30 minutes, showing the establishment of newly found momentum. Previously, technical analysts in the cryptocurrency community have said that the break out of Bitcoin at the $7,200 resistance level could lead to a major short-term rally. Why is $7,200 Crucial? On August 30, the…

Walmart’s Latest Blockchain Patent Lets Robots Conduct Deliveries Across Supply Chain

TradingBTC

U.S. retail giant Walmart has applied to the U.S. Patent & Trademark Office (USPTO) to patent a blockchain system for deliveries, according to an official patent document released August 30. The new patent aims to provide a technology for running “in-field authenticating of autonomous electronic devices” to enable secure deliveries. The patent specifies that “[i]n exemplary embodiments, two autonomous electronic devices, such as delivery drones or household autonomous robots, can authenticate each other using embodiments of security procedures described herein.” The patent is entitled “Systems, Devices, and Methods for In-Field…

Which is the Most Usable for Merchants?

TradingBTC

Volatile or not, there’s growing public demand for retailers and businesses to accept payment in cryptocurrency. According to a survey published in June by the United Kingdom-based crypto-exchange CreditCoin, 75 percent of American consumers want the option to use cryptocurrencies to pay for items they purchase in stores. Sadly, the proportion of stores providing this option doesn’t seem to have reached three-quarters yet. However, the number of merchants accepting Bitcoin (BTC) and other coins is nonetheless steadily increasing, with the number of Bitcoin-accepting stores reported to Coinmap — worldwide — had…

Crypto Market Adds $8 Billion as Bitcoin Avoids Downtrend With 1% Gain

TradingBTC

In the past 24 hours, despite the negative predictions of many traders, bitcoin price has remained above the crucial $7,000 resistance level, allowing the crypto market to add $8 billion to its valuation. Dash, Verge, Monero, and EOS are the best performing cryptocurrencies of September 1, recording strong gains in the range of 7 to 12 percent. Tokens with large daily trading volumes like Ontology, ICON, VeChain, Binance Coin, Tron, 0x, and Zilliqa have not demonstrated massive gains against Bitcoin. Throughout August, these tokens frequently recorded big movements depending on…