Asian Cryptocurrency Trading Roundup: Double Korean Exchange Listings Lift Zilliqa

In a similar pattern to last week, crypto markets are gathering momentum as the week draws to a close. A slight recovery has been made from the profit taking and markets have climbed back over $430 billion. Bitcoin bears could not push the daddy of crypto below $9k and it has risen 3% on the day to $9,350. As a result most of the altcoins are trading in the green on Asian markets this morning. One shooting for the moon today is the same coin we featured yesterday, Zilliqa. Boosted…

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Colorado Blockchain Bill Voted Down In State Senate

HB 1426, a piece of state legislation that would have created guidelines for identifying “open blockchain tokens” as securities, was voted down in the Colorado state Senate on May 9, according to public records. The bill passed handily in the state House of Representatives, but was more controversial in the senate. According to the Denver Post, the final hours of the legislative session saw a split in both political parties. Lawmakers initially passed the measure by one vote, but the senate took another vote moments later, and “shot down” the…

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Bitcoin Cash Price Technical Analysis – BCH/USD Breaks Key Resistance

Key Points Bitcoin cash price found support near the $1,460 level and recovered nicely against the US Dollar. This week’s major bearish trend line with resistance at $1,580 was broken on the hourly chart of the BCH/USD pair (data feed from Kraken). The pair also moved above the $1,600 resistance level, which is a positive sign in the near term. Bitcoin cash price is back in a positive zone above $1,600 against the US Dollar. BCH/USD must settle above $1,675 and the 100 hourly simple moving average to gain momentum.…

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Tron (TRX/USD) Price Technical Analysis for 05/10/2018 – Where Buy Orders Are Waiting

Tron Price Key Highlights Tron is still in correction mode as it waits for bulls to return at nearby support zones. Applying the Fibonacci retracement tool on the latest swing low and high shows that the 61.8% level lines up with an area of interest. If bulls are eager to charge, the higher Fibs might be enough to keep losses in check. Tron is in correction from its recent upside break and rally, with bulls waiting at the Fibonacci retracement levels. Technical Indicators Signals The 100 SMA is above the…

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JP Morgan’s New DLT Lead: We’re Not Done With Blockchain Innovation

As JP Morgan Chase’s new blockchain lead, Christine Moy has big shoes to fill. And a quandary to resolve. Moy took over last month from Amber Baldet, one of the most prominent figures in blockchain, after she left to form an as-yet-unnamed startup. Around the same time, Baldet announced her departure, word leaked out that JP Morgan was considering a spin-out of Quorum, the ethereum-based, open-source project that had been the cornerstone of the bank’s blockchain work. To be clear, those deliberations do not mean Quorum is struggling – big…

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Bitcoin Price Technical Analysis for 05/10/2018 – Bulls Defend $9,000 Again!

Bitcoin Price Key Highlights Bitcoin price bounced off the bottom of its rising channel and looks ready for a move back to the top. The Fibonacci extension tool shows the next upside targets from here. However, technical indicators are suggesting that the selloff could still resume. Bitcoin price found support at $9,000 once more and could set its sights higher, but technicals still reflect bearish pressure. Technical Indicators Signals The 100 SMA is crossing below the longer-term 200 SMA to signal that the path of least resistance is to the…

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West Virginia Completes First Blockchain-Supported State Elections

Polls closed in West Virginia’s primary election May 8, completing the first government-run, blockchain-supported vote in US history, ETHNews reported May 9. While most voters cast regular ballots, special voters in certain districts voted on a mobile blockchain-based platform. The blockchain-based mobile voting platform, developed by Voatz, was only available to a select group of voters. Participants were deployed military members, other citizens eligible to vote absentee under the Uniformed and Overseas Citizens Absentee Voting Act (UOCAVA), and their spouses and dependents. Participation was further limited to voters registered in…

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BMW Blockchain Trial Uses Crypto Tokens to Improve Mileage Tracking

Join our community of 10 000 traders on Hacked.com for just $39 per month. DOVU, a London, U.K.-based provider of a blockchain-based data marketplace for the transportation industry, recently completed a test with BMW to use ERC-20 tokens and blockchain technology track vehicle mileage, according to a DOVU article posted on Medium. BMW Leasing Arm Supports Blockhain Pilot BMW invited DOVU to participate in its innovation lab, which seeks new and disruptive ideas. The 10-week pilot began Jan.15 at the London BMW headquarters. Three executives from Alphabet, BMW’s leasing and…

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Technical Analysis for May 10, 2018

Nothing much from the fundamental end other than this nice recovery in prices in most coins under our radar. Our focus today is Litecoin and how prices are bouncing off  previous support at $160. Because of clear rejection of lower lows, odds are Litecoin shall edge higher today. Let look at these charts: EOSUSD (EOS) EOS 4HR Chart by Trading View If you were expecting moves, then it is disappointing especially if you are a trend trader. Like most of us I assume. The only wind fall is available for…

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Ethereum (ETHUSD) Technical Analysis: May 10, 2018

Like most coins in the top 10, Ethereum prices is making a recovery. It is up 12 percent in the last week and with this shift of sentiment from the SEC, it is likely that we might see higher highs in the coming sessions. Besides, Casper FFG is now live at GitHub for wider scrutiny meaning that there is a real push from behind the scenes to finally cement Ethereum as a go to platform for DApps and smart contracts. From the News Pound to pound, Ethereum performs better than…

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