The cryptocurrency market is booming this morning after a slew of crypto-positive announcements have hit the media. Is a crypto bull run upon us? Bitcoin (BTC) is eyeing the $7,500 mark, and Ethereum is just under $500. Stellar (XLM) and Cardano (ADA) are leading the market today as both coins are seeing over 20% price gains. Mastercard, Bank of America, and Wells Fargo all announced this morning that they are pursuing new blockchain-related patents. This very well could be the reason why investors are buying into crypto this morning. Wells…
Category: News
Bitcoin Price Risks Pullback Before Testing $8K Again
Bitcoin (BTC) could be in for a minor price pullback, having clocked a 39-day high above $7,500 earlier today. The leading cryptocurrency rose to $7,562 on Bitfinex at 03:00 UTC and was last seen changing hands at $7,400 – up nearly 10 percent on a 24-hour basis. Further, the price rally has pushed the week-on-week gains higher to 15 percent. On Tuesday, BTC crossed the inverse head-and-shoulders neckline resistance of $6,838 with strength, confirming a short-term bearish-to-bullish trend change. So, a rally to $7,900 (inverse head-and-shoulders breakout target) could be…
3 Signs Bitcoin’s Move Above $7K Might Just Hold
The world’s largest cryptocurrency by market capitalization exploded in price Tuesday, jumping $600 in 30 minutes to break away from what had been suppressive bear market conditions. But entering Wednesday, bitcoin is changing hands at $7,370 and showing signs it might continue its ascent. In fact, when viewed on longer timeframes, it appears that the trend is changing, this time in favor of the always-optimistic bulls. But just how reliable is this move? So far, there are three general tools traders are using to analyze the markets in a quest…
UK Blockchain Takes Off | Will the UK Become a Global Crypto Leader?
UK blockchain: With its latest moves in the crypto space, the UK is well-placed at becoming a global leader in blockchain technologies. According to the group analysis by DAG Global, Big Innovation Centre, and Deep Knowledge Analytics, Great Britain has all the required resources to become a global hub for blockchain technology by the year 2022. CEO of DAG Global, Sean Kiernan, told The Guardian: “The UK is a major global financial hub and in recent years has become a fintech leader as well. At the same time, it is…
New Stablecoin Stronghold | Has IBM Support For Blockchain Payments
Fintech startup Stronghold has created a new stablecoin token dubbed the ‘Stronghold USD’ and it has received support from IBM. The token is launched on the Stellar network. Stronghold is the first ever stablecoin to use the Stellar network and is reportedly backed by the US dollar at a 1:1 price ratio. IBM and Stellar IBM has been using the Stellar network since 2017 for cross-border payments and has now adopted the new stablecoin to enhance this process. According to IBM’s senior vice president of global industries, platforms, and blockchain, Bridget…
Robinhood Adds Dogecoin | Stock App Now Offers 5 Digital Assets!
Robinhood adds Dogecoin: It was all smiles yesterday when Robinhood, a stock trading app, revealed that it added Dogecoin to its platform. But behind the scenes, some are unsure of this event. Foes say Dogecoin is a parody cryptocurrency. Moreover, they say that because Robinhood supports less than ten digital currencies, many believed the company to be selective over the coins they carried. On the other hand, fans say despite its bizarre nature, Dogecoin has accumulated mainstream interest and has witnessed price peaks throughout the year. Robinhood Adds Dogecoin, But There’s…
Crypto Daily News | Block.one Funding, IBM Blockchain, & Boeing Planes
In today’s edition of Crypto Daily News, we will cover Block.one receiving funding from top execs at PayPal and Bitmain, IBM teaming up with Columbia to launch a Blockchain Research Center, and the airplane maker, Boeing, using blockchain technology. Crypto Daily News: June 17th, 2018 Block.one Gets Funding EOS developer Block.one has secured investments from the crypto-mining billionaire Jihan Wu of Bitmain, and the billionaire PayPal co-founder Peter Thiel. Block.one made the official announcement via a press release on its website yesterday. Block.one’s CEO, Brendan Blumer, made a statement about the…
Bitcoin Price Retakes 50-Day Moving Average in First Since May
Bitcoin (BTC) scaled the crucial 50-day moving average (MA) on Monday for the first time in nearly two months, taking its price above $6,700. The corrective rally picked up the pace 24 hours ago, possibly due to reports stating that BlackRock, INC – the world’s largest asset manager and exchange-traded fund (ETF) provider – is considering venturing into cryptocurrency markets. Later in the day, BlackRock CEO Larry Fink clarified rumors by stating that he doesn’t see a huge demand for cryptocurrencies from clients, Still, BTC remained bid and closed (as per…
Bitcoin’s Road Back to $7K (And the Chart Hurdles In the Way)
Having defended $6,000 last week, bitcoin (BTC) appears to be building momentum for a price rise, but nearby technical hurdles still present a formidable challenge. At press time, the world’s most valuable cryptocurrency is changing hands at $6,689 on Bitfinex and looks to be gaining steam for another test of $6,838. As such, the level is shaping up to be a make-or-break mark, one that could reveal if a classic trend reversal pattern, known as the inverse head-and-shoulders, will take effect. Indeed, a close above that level would amount to…
2019 CFA Exam Adds Crypto and Blockchain Topics
2019 CFA exam: “We saw the field advancing more quickly than other fields,” says Stephen Horan, the GE managing director at the CFA Insitute. “This is not a passing fad.” CFA Institute is one of the world’s most famous nonprofits, focusing on investment professionals specifically, and offering various certifications in the field, like the Investment Foundations Certificate. It offers a three-level program, which covers a range of topics, from machine learning to artificial intelligence. Some 150,000 financial professionals have received training through this program. Since the crypto industry continues to garner mainstream attention, the Virginia-based…