Ripple (XRP) Price Face Resistance: Can Bulls Overcome 100 SMA?

Ripple price started a short term recovery from the $0.3686 swing low against the US dollar. The price traded above the $0.4000 level, but it failed to surpass the $0.4050 resistance. There is a key contracting triangle forming with resistance near $0.3960 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair could either break the $0.4050 resistance or decline again below the $0.3800 level. Ripple price is currently consolidating in a range against the US Dollar, similar to bitcoin. XRP must break the $0.4000 and…

Sale of Telegram’s Token GRAM on Exchange Liquid Is Not Official: Source

Liquid’s intention to sell encrypted messenger Telegram’s token, GRAM , is not connected to the company, a source close to Telegram told Cointelegraph in private comments on June 11. As Cointelegraph reported earlier Tuesday, cryptocurrency exchange Liquid had announced that on July 10, it would be the representative of sales of Telegram’s GRAM tokens for Gram Asia. Gram Asia is allegedly the largest holder of the token in Asia, Liquid’s press release notes: however, a source close to Telegram noted that it was the first time that they had heard of…

Blockchain Genomics Firm, Merck’s EMD Serono Sign Anonymized Data Sharing Agreement

Blockchain firm Nebula Genomics has announced a collaboration with EMD Serono, the North American biopharmaceutical business of Merck KGaA — the world’s oldest operating pharmaceutical firm. The news was announced in a press release shared with Cointelegraph on June 11. As previously reported, Nebula is a blockchain-powered platform for genome-sequencing data, co-founded in 2017 by renowned geneticist Professor George Church and his Harvard colleagues Dennis Grishin and Kamal Obbad. The platform leverages blockchain technology in a bid to incentivize genomic data generation and sharing, and to lower the costs of…

Visa Launches Global Cross-Border Network Based on Certain Aspects of Blockchain

United States’ payment giant Visa has launched a cross-border payment network derived from some aspects of blockchain technology, Reuters reports June 11. The network, called “Visa B2B Connect,” is designed to facilitate international payments made by global financial institutions by enabling direct interbanking transactions between businesses and beneficiaries. According to the report, the network already covers 30 trade channels worldwide to enable faster and cheaper cross-border payments, and is expected to expand to 90 markets by the end of 2019. Visa B2B Connect is partially based on blockchain technology, containing…

Beaxy Launches Crypto Trading Platform Despite Hack Last Month

Beaxy has announced the launch of its cryptocurrency trading platform on June 11 in a press release shared with Cointelegraph. In the release, the company said it was now live in 43 United States states and 185 countries. According to Beaxy, an exclusive partnership with OneMarketData delivers trading capabilities across nine order types, with transaction speeds of 225,000 per second per trading pair. The launch follows two years of development, and the platform says it has more than 60,000 pre-registered users. Separately, in May, Beaxy CEO Artak Hamazaspyan had uploaded a statement…

Local Banks to Soon Introduce Unique Blockchain Platform

The vice president of Brazil’s biggest bank, Bradesco, revealed that major local banks will introduce a unique blockchain platform on June 12, Cointelegraph Brazil reports on June 11. Bradesco VP Mauricio Minas has delivered a speech devoted to the role of blockchain in the global financial system, speaking at major Latin American banking and fintech event CIAB Febraban on June 11. The Bradesco VP unveiled the plans of local banking institutions to soon adopt an unnamed blockchain-powered solution, adding that a number of Brazilian banks have been developing applications using…

‘It Feels Like Family’: Bitcoiners Gather for Security Conference in Amsterdam

A swift breeze swept across the canal and into a small Amsterdam pub, where about 30 bitcoiners sat drinking beers and registering for Breaking Bitcoin 2019. It smelled like rain. From a British mom who works from home as a “bitcoin hobbyist,” to a ripped Kiwi technologist with a thick beard, people who work with bitcoin gathered to joke about Crypto Twitter and nodes. They were in Amsterdam for one of the most prestigious security conferences in the blockchain industry. But on this rainy Friday, they had also come for…

Visa B2B Connect | Cross Border Enterprise Payments on the Blockchain

Visa announced today that it is entering the $125 trillion money-transferring market and using blockchain technology to do so. Its new product, Visa B2B Connect, is newly launched and allows businesses to transfer money across the globe faster and safer. Let’s check this out. Visa B2B Connect The company has its sights set on cross-border, business-to-business (B2B) transactions, where banks transfer money on behalf of corporate customers. The global money behemoth is using blockchain in order to make these payments faster, cheaper, and more transparent. Its newly launched distributed-ledger called B2B…

Bitcoin Price Rangebound But a Upside Move is On Its Way: Analysts

Bitcoin (BTC) has not experienced any substantial market movement since June 4. The world’s leading cryptocurrency has been fluctuating between $7,440 and $8,100 from the last seven days. The move has established a strict $600-wide sideways pattern, which is offering day traders plenty of opportunities to enter and exit the market on smaller profits. The bulls so far have failed to secure a breach above $8,100, now a crucial resistance level of the sideways channel. At the same time, the bears have struggled to execute a similar action below $7,440.…

Litecoin Outperforms BTC, Analyst Says LTC Could Surge to $150

LTC surges, adds 19.6 percent Halving is catalyzing demand Up five-fold, LTC’s performance is sublime. Ahead of its block reward halving, demand is slated to increase, potentially being a catalyst to drive prices higher. At the time of writing, LTC is up a staggering 19.6 percent from last week’s close. Litecoin Price Analysis Fundamentals A recent poll revealed that the best way of accumulating Bitcoin (BTC) is through altcoins. That is, savvy traders can buy altcoins for cheap and sell high before liquidating for BTC. Behind this view is a…