EOS Price Watch: How Low Can This Go?

EOS Price Key Highlights EOS is ready to resume its downtrend after bouncing off the top of the descending channel on the 4-hour chart. Price is also breaking below the mid-channel area of interest to signal a potential move until the bottom. The Fibonacci extension tool shows the next downside targets, but technical indicators suggest a return in bullish pressure. EOS looks prime for further declines to the channel bottom, but technical indicators are saying otherwise. Technical Indicators Signals The 100 SMA is below the longer-term 200 SMA for now,…

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Bitcoin (BTC) Price Watch: Next Targets if $6,500 Breaks

Bitcoin Price Key Highlights Bitcoin is down to a major support zone visible on the long-term chart and a breakdown could lead to a test of $4,000. If bears still take price below the next long-term bottom, a move towards $2,000 could come next. On the other hand, a bounce off this strong floor could allow more buyers to sustain a climb. Bitcoin is down to the major support zone around $6,500 and might aim for the next floors on a break lower. Technical Indicators Signals The 100 SMA is…

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Quantstamp Under Fire: Buyers Say Faith Shaken In $65 Million Token

A blockchain project is facing an uproar from community members who say the team has been undermining the value of the token it used to raise millions. The controversy around Quantstamp, maker of a protocol that seeks to decentralize smart contracts auditing, reached a fever pitch late last week, with acrimony spilling into the project’s social channels. There, representatives for the San Francisco-based company, registered in Delaware, took heated questions from token buyers. At issue is Quantstamp’s acceptance of U.S. dollars and ether, rather than its token, QSP – which…

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Ethereum Price Analysis: ETH/USD Breaks $500

Key Highlights ETH price declined further and failed to hold the $500.00 handle against the US Dollar. This week’s followed important bearish trend line acted as a barrier near $540 on the hourly chart of ETH/USD (data feed via Kraken). The pair declined below the $500 handle and it may accelerate declines in the near term. Ethereum price is struggling to recover against the US Dollar and Bitcoin. ETH/USD traded below the $500 level and it remains at a risk of more losses. Ethereum Price Decline There was a minor…

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Ripple (XRP) Technical Analysis (June 13, 2018)

Week over week, Ripple tokens (XRP) prices are down 12 percent but surprisingly up two percent in the last 24 hours. In any case-unless of course we see rejection of XRP lower lows, these attempts of XRP higher highs are but technical short coverings. Check out those dismissive level of market participation which advice this skew. Anyhow, sellers seem to be in charge and bear manifestation would be there should we see breaks below 50 cents. Let’s have a look at the charts: From the News It’s no doubt that…

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New Trade Organization to Promote Blockchain Established in Switzerland

A new organization called the Capital Markets and Technology Association (CMTA) has been formed in Switzerland in order to facilitate the use of blockchain technology in financial markets, according to a press release published June 12. The CMTA was established in Geneva by Swiss leader in online banking Swissquote, market software provider Temenos, and the country’s largest law firm Lenz & Staehelin. According to the press release, the CMTA will focus on creating open standards and toolkits that can be employed by various types of companies to raise capital by…

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New Partnership Announced Between Korea University and Huobi Subsidiary

Korea University is teaming up with the South Korean subsidiary of crypto exchange Huobi for “industry-academia” cooperation in the field of blockchain development, Seoul Daily reports, June 12. The agreement between one of South Korea’s most prestigious universities and Huobi Korea seeks to bridge academic research of the innovative technology with products useful for the industry. According to Seoul Daily, the head of Korea University’s Cryptography Center at the Graduate School of Information Security Professor Kim Hyung-jung said they hoped “to be able to conduct empirical research not only on…

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Bitcoin’s Price Slides Below $6.5K to Hit 70-Day Low

The price of bitcoin, the world’s largest cryptocurrency by market capitalization, fell to its lowest point since April 1 on Tuesday. Bitcoin’s value slid to $6,455.92 during the afternoon trading session, dropping more than $280 in the span of two hours, according to data from CoinDesk’s Bitcoin Price Index. This represents the lowest figure since the start of April when the BPI registered a low of $6,443. The charts suggest a support of $6436 – if current levels are broken, the next major support is $6000, borne from the lows from…

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South Korean Banking Group to Launch Blockchain-Powered ID Verification Platform

A group of South Korean commercial banks will launch a blockchain-powered customer ID verification platform in July 2018, local news outlet Korea JoongAng Daily reports today, June 12. According the report, the Korea Federation of Banks (KFB) will launch their “BankSign” identity verification system to be used in both online computer-based and mobile banking.  According to Korea JoongAng Daily, the move is intended to replace the 20-year old public verification system that is reportedly notorious for its complexity and inefficiency. Park Chang-ok, a manager at the department of deposit services…

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Blockchain Startup VeChain and Deutsche Bahn Develop DApp for China’s Logistics Industry

Singapore-based blockchain startup VeChain (VEN) and global logistics provider DB Schenker have co-developed a blockchain-based supplier evaluation system, according to a VeChain Foundation post published today, June 12. A new decentralized application (DApp) will use the VeChainThor blockchain to score DB Schenker’s third-party logistics partners in China based on collected data –  the result being an evaluation for services such as packaging, transportation, and the quality of goods. The Vechain Foundation claims that the DApp is the first ever implementation of blockchain for supplier management purposes: “In the future, the…

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