Bitcoin Cash Price Analysis: BCH/USD Facing Crucial Resistance

Key Points Bitcoin cash price continues to struggle to break the $1,040 resistance against the US Dollar. There is a major bearish trend line forming with resistance near $1,020 on the hourly chart of the BCH/USD pair (data feed from Kraken). The pair has to move above the $1,020 and $1,040 resistance levels to gain further in the near term. Bitcoin cash price is consolidating below $1,040 against the US Dollar. BCH/USD must gather momentum above $1,040 to accelerate gains. Bitcoin Cash Price Resistance During the past few sessions, there…

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Bitcoin (BTC) Price Watch: Is That a Reversal Formation?

Bitcoin Price Key Highlights Bitcoin price could be due for a reversal as an inverse head and shoulders can be seen on the 1-hour chart. Price has yet to break past the neckline to confirm that an uptrend is in the cards. Technical indicators are showing signs of a return in bullish momentum. Bitcoin could finally be done with its slide as it forms an inverse head and shoulders reversal pattern on the 1-hour chart. Technical Indicators Signals The 100 SMA is below the longer-term 200 SMA to signal that…

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IBM Patents System That Creates Audited Blockchain ‘Checkpoints’

Get exclusive analysis and cryptocurrency insights on Hacked.com for just $39 per month. IBM has won two patents for a system that verifies the integrity of a blockchain, certifying that it has passed certain audit requirements at particular periods in time. Both patents were approved on May 31 and are related in that they describe certified, audit-able “checkpoints.” The main goal of the checkpoints is to allow businesses to satisfy regulations for data verification and retention when connecting to the network. The first patent explains the single point of a checkpoint…

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Mastercard Wins Patent for Blockchain Coupon Authentication System

Get exclusive analysis and cryptocurrency insights on Hacked.com for just $39 per month. Financial services giant Mastercard has won a patent for a system that uses blockchain technology to authenticate coupons. The patent, granted by the US Patent & Trademark Office (USPTO) on May 31, outlines a way for merchants to cut down on coupon fraud and more effectively issue targeted discounts to specific customers. The company first applied for the patent in Nov. 2016. In one potential application of this system, an individual will be assigned a blockchain address, whose…

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IOTA Price Surges 17% for the Day to Headline Widespread Market Rally

Get exclusive analysis and cryptocurrency insights on Hacked.com for just $39 per month. The IOTA price (MIOTA) surged past other coins’ average daily gains for the day, climbing 17% over its Wednesday level. The project released the beta version of the Trinity Wallet on May 29 and has kept the price momentum since then, as CCN reported. Currently, the IOTA price sits at $1.77. Since May 28 and the announcement of the new wallet, IOTA has increased over 31%. This is calculated from the close of day trading price of $1.35…

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No Evidence Whales are Manipulating Bitcoin Price: Prominent Trader

Get exclusive analysis and cryptocurrency insights on Hacked.com for just $39 per month. Peter Brandt, a prominent trader and respected technical analyst, believes there is no solid evidence to back up claims that whales and large-scale investors have been manipulating the bitcoin price or the wider cryptocurrency market. Not Futures Market Earlier this week, after various reports that the fall of bitcoin’s value coincided with the launch of CME and CBOE bitcoin futures market in December 2017, Brandt said: “Cryptos. There is no evidence whales have been shorting crypto markets.…

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Innovation-Aimed Crypto Regulation Wins Cross-Party Support in Congress

Draft legislation that would favorably regulate blockchain technology and cryptocurrencies has received unanimous support in the Spanish Congress, Europa Press reported yesterday, May 30. The draft initiative, agreed upon with the majority parliamentary party Partido Popular (People’s Party), won the support of all parties present at the House Finance and Public Function Committee meeting on Wednesday.   The document calls for a review of regulations pertaining to cryptocurrencies such as Bitcoin (BTC), as well as to blockchain, proposing to introduce the technology to the Spanish market through “controlled testing environments,” commonly…

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Blockchain Fitness App Partners with Dallas Mavericks as Launch Nears

A blockchain-based app that motivates people to exercise and lead healthier lives has unveiled new partnerships with a major sports star and professional basketball team as it edges closer to launch. The Lympo app incentivizes everyday users to meet fitness goals – such as burning calories or paying frequent visits to the gym – and they are rewarded with a specially created crypto token when these achievements are reached. Its fitness wallet can be connected to an array of health apps and wearable devices, helping to end fragmentation in the…

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IDG Backs Crypto Wallet imToken with $10 Million Investment

China-based cryptocurrency wallet imToken announced Thursday that it has closed a $10 million Series A round fully funded by venture capital firm IDG Capital. Founded in 2016, imToken first entered the industry as a dedicated ethereum wallet service, but has since expanded to support a claimed 30,000-plus tokens, including “airdrops” and ICO issuances. The company said in a release that the new equity financing will be used to expand its overseas businesses and to hire more technical staff for product development. ImToken’s CEO, Ben He, told CoinDesk that the company…

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The Future of Crypto Exchanges: Decentralization Is Coming

Tom Goldenberg is a senior engineer at BCG Platinion | MAYA Design and founder of Blockchain Panel NYC. The views expressed here are his own. Cryptocurrency exchanges operate in a fluctuating industry that is bracing for change.With changes in regulation and customer sentiment rapidly shifting, it is anybody’s guess what will happen in the next two to five years.Notably, a few big players – both centralized and custodial in nature – handle the bulk of trading volume for the $381 billion-worth of the world’s crypto assets. Source: Coinhills.com In general, we…

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