Ethereum Price Regains Bullish Momentum, But $400 Still A Key Hurdle

Ethereum recovered nicely above the $380 and $390 levels against the US Dollar. ETH price must surpass the $400 barrier for another leg higher in the near term. Ethereum is up over 5% and it broke the key $380 and $390 resistance levels. The price traded close to the $398 level and it settled above the 100 hourly simple moving average. There was a break above a major bearish trend line with resistance near $390 on the hourly chart of ETH/USD (data feed via Kraken). The pair could correct a…

Fan Token Platform Socios Secures Key Regulatory License

Socios.com, a blockchain startup aiming to tokenize the sports industry, has secured a major regulatory license allowing it to issue its own payments and loyalty card. Issued by the Estonian Financial Intelligence Unit, or FIU, the new license has been granted to the new Estonia-based entity called Socios Entertainment OU. Announcing the news on July 30, Socios’ partner project Chiliz.net noted that the FIU is the responsible authority for licensing crypto-related firms in the country. Socios’ prepaid fiat-crypto card is “due in the very near future” The new license allows…

Blockchain Is Key to Future ‘Hyperconnected Economy,’ Say Researchers

According to a report by market research firm HFS Research, blockchain technology will play a decisive role in establishing the future “hyperconnected economy.” A report excerpt recently released by HFS for Big Four auditing EY suggests that “we are hurtling toward a hyperconnected economy, and blockchain will provide the way to make it happen.” Blockchain facilitates large-scale collaboration The report explains that entire ecosystems are being developed across the services offered by different organizations. The researchers claim that “no single organization owns the entire customer experience, and competitors and peers…

This Key Metric Suggests Bitcoin‘s Rally is Just Getting Started

Bitcoin’s intense rally throughout the past couple of days has allowed it to fly past multiple crucial resistance levels. Bulls are now attempting to form the $11,000 price level into a strong base of support, but the selling pressure here appears to be ramping up. One positive technical development seen overnight was the potent reaction to the $10,500 level. This previously crucial macro resistance level has now been confirmed as a strong support level, as BTC dipped here overnight before seeing an instant influx of buying pressure that sent it…

A Key Metric Suggests Bitcoin Price Above $12k

Bloomberg’s mid-year report indicates that the price of Bitcoin (BTC) could soon rise above $12,000. Active addresses on the rise The report contends that both on-chain and off-chain indicators for Bitcoin point to the asset’s appreciation. One of the key metrics for Bloomberg is the number of active addresses. Bloomberg elaborated: “The 2019 Bitcoin end-of-day high was $12,734, based on Bloomberg pricing. Unless advancing addresses abruptly reverse, history suggests Bitcoin may gravitate toward that level.” Grayscale’s dynamics are positive Bloomberg suggests that the continuous growth of Grayscale’s Bitcoin Trust or…

Tokenization Holds the Key to Sustainable Platform Business Model Growth

Platform business models have become all but the de facto business model for the digital economy. This dependence means that unsustainable practices of platform business models impact the overall sustainability of the digital economy. Regarding the generation of network effects, platform business model owners would be well-advised to consider blockchain-based tokenization. Platforms generate value by creating marketplaces where participants can easily transact. By digitally matching supply with demand, platform business models provide a scalable base for new value propositions, novel revenue models or a means to build on the assets…

Clear Governance Key for Enterprise Blockchain to Move Forward

A clear governance structure within a decentralized ecosystem is the key for enterprise blockchain to move away from uncertainties said Mark Radcliffe, a partner at global law firm DLA Piper who has extensive experience in blockchain governance, in an interview with Cointelegraph. Freedom of decentralization and governance  Radcliffe argues that blockchain is an industry that attracts highly individualistic people who are skeptical of authority. However, he believes collaborative frameworks will be essential for the success of blockchain implementation and tokenization, just as they have been for open-source software. He added…

Why Interoperability Is the Key to Future Innovation and Adoption

For years, tribalism has plagued the blockchain industry. Developers align to specific consensus protocols and defend technologies that use them, regardless of their limitations. These deeply rooted divisions are slowing the innovation needed to scale blockchain for future adoption.  The enterprise market is only beginning to understand the promise of blockchain, and that promise will be difficult to achieve until blockchains can communicate and cooperate with each other. To achieve this, developers, companies and hobbyists alike must be able to leverage every platform without being locked into one simply because…

Ethereum Saw Key Technical Breakout And Rally Could Gain Pace Above $250

Ethereum gained bullish momentum above the $240 resistance against the US Dollar. ETH price is currently correcting gains, but it is likely to resume its upside above $245. Ethereum settled above the $235 resistance and it climbed above the $242 resistance. The price traded as high as $247 and it is currently correcting lower. There was a break below a short-term bullish trend line with support near $245 on the hourly chart of ETH/USD (data feed via Kraken). The pair could continue to rise as long as it is above…