Asian Cryptocurrency Trading Roundup: Zcash Pumped on Gemini Support

The second day into the week is proving to strengthen the recovery as crypto markets are once again trading above $400 billion. Bitcoin has led the way back up with a 3.5% gain on the day to trade at $8,750. A push towards and over $9k could result in strong gains however technical indicators are currently showing mixed signals. Altcoins once again are mixed during Asian trading but most of them are in the green to some extent, some even in double figures. One racing off ahead of the pack…

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Bitcoin Cash Price Analysis: BCH/USD Consolidating Below $1,500

Key Points Bitcoin cash price failed to break the $1,500 resistance and continues to trade in a range against the US Dollar. There is a short-term bullish trend line forming with support at $1,400 on the hourly chart of the BCH/USD pair (data feed from Kraken). The pair is likely to consolidate in a range below $1,500 before making the next move. Bitcoin cash price is currently consolidating below $1,500 against the US Dollar. BCH/USD must stay above the $1,400 and $1,360 support levels to remain in a bullish zone.…

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Cryptocurrency Market Trends | Showing Bearish Prospects

Cryptocurrency markets have been under pressure over the last week albeit extensive support from market activities and bullish price bets. The total cryptocurrency market capitalization continues to trade in the range of $400 billion as market trends aren’t supporting bulls stance. Traders aren’t giving weight to Goldman Sachs move into the cryptocurrency market along with increasing adaptation from Wall Street. Intercontinental Exchange (ICE) ICE recently announced it will launch cryptocurrency trading while NASDAQ has also been showing their interest in the cryptocurrency sphere. Bitcoin currently trades around $8,400 after hitting the…

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Cathay Pacific Launches Blockchain Rewards Program for Flyers

Join our community of 10 000 traders on Hacked.com for just $39 per month. Hong Kong flag carrier and airline giant Cathay Pacific joins a growing list of airline operators exploring applications of blockchain technology. In launching its first application of blockchain technology, the Cathay Pacific Group will issue air miles to customers over a single distributed ledger that will enable customers, the airlines’ partners and the airline manage member rewards in real-time. Cathay Pacific’s blockchain rollout will first power a new mobile application and platform, developed by technology partner Accenture,…

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Hulu Optimistic about Blockchain Solutions to Advertising Challenges

Join our community of 10 000 traders on Hacked.com for just $39 per month. Video streaming service Hulu is cautiously optimistic about the potential of blockchain technology to solve problems faced by the advertising industry, particularly in the areas of data privacy and brand trust. Adam Moser, head of ad tech and platform operations at Hulu, told PCMag that the company — which, unlike its major competitors, serves ads to lower-tiered subscribers — said that although the firm is not currently pursuing any blockchain applications, it is excited about the…

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Crypto Adoption In Australia | Ban On Cash Purchases Over $7,500 USD

Crypto Adoption in Australia: The Australian government’s work to prevent tax evasion is growing. Efforts seem to be moving towards a gradual decline in cash availability, which represents an essential opportunity of growth for cryptos and alternative means of payment. As part of an initiative to prevent undeclared business from being conducted in the country, the Australian government has issued some economic measures to restrict specific conditions that could be harmful to the people. In an official statement entitled “Tackling illegal behavior in the Black Economy” Australia’s Ministry of Revenue…

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Bytecoin Price Explodes 82% Following Series of Strange Events

Join our community of 10 000 traders on Hacked.com for just $39 per month. The Bytecoin price has risen sharply for the day, from $0.012075 on close of trading May 13 to $0.012438 on Monday. However, the coin’s price has seen a series of odd events and swings since Binance announced its listing on May 7. By May 9, Bytecoin hit an all-time high of $0.0300, a whopping 343 percent 24-hour price spike. As rumored with new Binance listings, cypto enthusiasts saw this as another pump and dump, unsure Bytecoin would…

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Cardano [ADA] Financial System for Developing World

Cardano [ADA], the 7th largest cryptocurrency by market cap, is looking far-beyond becoming just a payment system for the regular cryptocurrency investor. Charles Hoskinson, CEO of Cardano and co-founder of IOHK, had an interview with Rachel McIntosh back in February discussing his long-term vision for Cardano. Financial System of the Developing World – Cardano vs. Stellar [XLM] In his interview, Hoskinson discusses how Bitcoin advertises itself as a payment system and a means of exchange, but anyone that has tried using it for that knows how much it has failed. Back…

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Zcash Price Spikes to $345 After Gemini Announces New Trading Pairs

Join our community of 10 000 traders on Hacked.com for just $39 per month. The zcash price spiked to $345 on Monday after cryptocurrency exchange Gemini announced that it will list the privacy-centric cryptocurrency for trading next week. Zcash Price Spikes to $345 Zcash had entered the day trading just above $250, and it traded close to this mark until shortly after 8:00 UTC. At this point, the zcash price experienced a sudden spike to $345. The coin was not able to sustain this level, and it has since ebbed…

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Pineapple Fund | Donates More Than $55 Million In BTC

On May 11, the anonymous philanthropist- “Pine”, curator of the Pineapple Fund, published a touching message in Reddit announcing their withdrawal from the crypto-sphere. Five months ago, a Reddit user by the name of Pineapple Fund, posted an announcement on Reddit asking for recommendations to donate upwards of $86 million worth of BTC too. Many were skeptical and confused. However, when the first proofs of the donations became public, the community acquired a sense of enthusiasm and respect towards the project and its rarity in the world of cryptos. “Hello! I remember staring…

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