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Month: July 2018

Bitcoin (BTC) Price Watch: Sharp Selloff on South Korea Update

Bitcoin Price Key Highlights Bitcoin price broke below its short-term triangle consolidation and rising channel to pave the way for a larger pullback. The Fibonacci retracement tool shows the potential support levels where buyers could be waiting. Price might also be forming a larger ascending channel on its 4-hour time frame as indicators still support

The post Bitcoin (BTC) Price Watch: Sharp Selloff on South Korea Update appeared first on NewsBTC.

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Bitcoin Cash Price Analysis: BCH/USD Extending Losses Below $750

Key Points Bitcoin cash price tumbled sharply and broke the $800 support area against the US Dollar. There are two bearish trend lines formed with resistance at $770 and $810 on the hourly chart of the BCH/USD pair (data feed from Kraken). The pair is likely to extend the current decline below the $740 support

The post Bitcoin Cash Price Analysis: BCH/USD Extending Losses Below $750 appeared first on NewsBTC.

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CLS, IBM, Citi, Barclays Form Partnership to Launch Blockchain App Store for Banks

A new blockchain-based platform is on the horizon, and it is the result of a cooperation between foreign exchange settlement provider CLS, enterprise software giant IBM, and nine financial institutions, including big names such as Citigroup and Barclays, the companies said in a statement on July 30, 2018. LedgerConnect: Blockchain Platform for Banks This revolutionary […]

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Barclays, Citigroup, and Other Big Banks Sign Up for a Trial Blockchain Project

Barclays, Citigroup, and Other Big Banks Sign Up for a Trial Blockchain Project

Nine banking giants are taking part in an app store trial for programs which are based on distributed ledger technology (DLT), further showcasing their interest towards the field and validating its merits. Financial News reported on July 27 that LedgerConnect, the lovechild project of foreign exchange processing giant CLS and tech mogul IBM, is in trials. Major banking giants are already lining up to test it out. Bridge Between New and Existing Technologies LedgerConnect attempts to

The post Barclays, Citigroup, and Other Big Banks Sign Up for a Trial Blockchain Project appeared first on Bitcoinist.com.

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Commonwealth Bank of Australia Ships 17 Tons of Almonds Using Blockchain Technology

The biggest bank in Australia has taken advantage of distributed leger technology, smart contracts, and the Internet of Things (IoT) to successfully execute a trade deal involving 17 tons of almonds. Successful Implementation of Blockchain Technology Commonwealth Bank of Australia (CBA) showcased an innovative blockchain-based platform, intended to facilitate tracking of shipments from the point

The post Commonwealth Bank of Australia Ships 17 Tons of Almonds Using Blockchain Technology appeared first on Bitcoin Network, News, Charts, Guides & Analysis.

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XRP Technical Analysis: XRP Heading towards 15 Cents

Fundamentals are positive for XRP and so far, more exchanges are actually listing XRP as their base currency for expediency purposes. However, regardless of all these, we are yet to see conclusive gains as prices yield to sell demand and are now trading below 45 cents and edging close towards 40 cents. Any dip below

The post XRP Technical Analysis: XRP Heading towards 15 Cents appeared first on NewsBTC.

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The Alternative Way to Launch your Altcoin

The crypto-landscape is awash with ICOs touting the latest solution to a problem you didn’t even know you had. Each week sees the launch of multiple new coins in blazes of glory, with features designed to overcome the flaws of the previous week’s big thing. It is sometimes easy to forget that Bitcoin itself had no such marketing campaign. No pre-ICO drumming up interest in what was essentially still vapor-ware. How would such a coin-launch fare in

The post The Alternative Way to Launch your Altcoin appeared first on Bitcoinist.com.

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No more Electricity Supply to Bitcoin Miners for now – Franklin PUD

Franklin Public Utility District (PUD), local electricity providers in the rural areas of Franklin County, Washington, announced on July 29, 2018, that they will suspend the supply of electricity to bitcoin miners in the city till further notice, in order to review the impact of bitcoin mining operations on the electricity system. Goodbye Miners According […]

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Thomson Reuters Adds 50 Cryptocurrency Prices to Institutional Data Feed

In what seems like an apparent attempt to attract the growing cryptocurrency investors base, Thomson Reuters (NYSE: TRI) will now start feeding data of the 50 cryptocurrencies like bitcoin and ethereum into its financial desktop platform, Eikon. Thomson Reuter’s Eikon provides real-time and historical data from mainstream markets. The platform has more than 190,000 subscribers, … Continued

The post Thomson Reuters Adds 50 Cryptocurrency Prices to Institutional Data Feed appeared first on CCN

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Millennials More Likely to Invest in Bitcoin Than Older Generations

Millennials saving for the future are more likely to put their money into cryptocurrencies, such as Bitcoin, compared to their older peers. Picking Other Options Over Stocks That’s according to a recent study conducted by Bankrate. It found that of the 1,000 interviews conducted between July 6th – 8th, 30 percent of American millennials (18-37

The post Millennials More Likely to Invest in Bitcoin Than Older Generations appeared first on Bitcoin Network, News, Charts, Guides & Analysis.

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