Bitcoin Cash Price Analysis: BCH/USD Remains at Risk of More Losses

Key Points Bitcoin cash price failed to move above the $530 resistance zone and declined against the US Dollar. This week’s followed important bearish trend line is intact with resistance at $525 on the hourly chart of the BCH/USD pair (data feed from Kraken). The pair has to move above the $525 and $530 resistance levels to gain traction in the near term. Bitcoin cash price is showing a few bearish signs below $530 against the US Dollar. BCH/USD could decline further if buyers fail to keep the price above…

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Bitcoin (BTC) Price Watch: Nearby Upside Targets

Bitcoin Price Key Highlights Bitcoin price continues to hover above its ascending channel support on the 4-hour time frame. Price appears to be consolidating after the bounce but remains on track towards testing the next upside targets. The 38.2% extension level seems to have kept some gains in check, possibly sending price back down to support once more. Bitcoin price is finding support at the bottom of its rising channel but has hit a roadblock on the first Fib extension. Technical Indicators Signals The 100 SMA is below the longer-term…

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After 9 Cents, ADA’s First Stop is 20 Cents

Development in Cardano is slow but sure. There is a third party auditing of product launches and IOHK are responsible in case of failure. Thus far, Yoroi and Rust have been launched three days after marking the platform’s first anniversary. While effect on price is negligible, it is massive for Charles Hoskinson and other developers. Whether this will affect price, we are not sure yet. But, volatility will resume once ADA prices expand past 9.5 cents. This increase odds of bulls retesting 12 cents and higher this quarter. Latest Cardano…

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Overstock’s Medici Ventures Invests in Blockchain Platform to Fight Wine Counterfeits

Overstock.com’s venture capital subsidiary Medici Ventures has invested in Israeli-based technology company VinX to develop a blockchain-powered wine futures platform, according to a press release published October 4. The exact amount of the investment was not disclosed. Per the announcement, VinX plans to develop a token-based digital wine futures platform based on the Bordeaux futures model, that will enable the trade of wine futures on a blockchain platform. The initiative purports this will create a secure supply chain that assures product provenance and thus reduces fraud in the wine industry.…

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Alibaba Files Patent for Blockchain System That Allows ‘Administrative Intervention’

Chinese e-commerce conglomerate Alibaba has filed a patent application with the U.S. Patent and Trademark Office (USPTO) for a blockchain-based system that allows a third-party administrator to intervene in a smart contract in case of illegal activities. The USPTO published the patent application on Oct. 4. A smart contract is a computer protocol designed to digitally verify or enforce the negotiation or performance of a contract. Smart contracts are self-executing, with the terms of the agreement between the parties being directly written into lines of code. The patent document, which…

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TRX, IOTA and Litecoin ready for 3 cents, 90 cents and $70

At the back of 80+ drops, the altcoin market is priming for higher highs. From a new Tron wallet to impressive developments in IOTA, bulls stand a chance. Because of this and supportive technical developments, we recommend buying TRX and Litecoin at spot prices. Let’s have a look at these charts: EOS Price Analysis Binance, where most EOS trades are executed, is now the largest crypto exchange in the world. The Chinese exchange record daily transaction volumes of around $780 million according to statistics. This figure will spike once the…

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BlackBerry Introduces Blockchain-Backed Platform Focused on Healthcare Services

As part of its pivot into security and computing, software company and former smartphone manufacturer BlackBerry has released a blockchain-powered platform. The new product  focuses on the healthcare field, according to a press release published Oct. 4. Per the announcement, BlackBerry has partnered with technology firm ONEBIO to develop a blockchain-backed “ultra-secure” ecosystem. The system is designed for the storage and sharing of medical data, where information can be entered by patients, laboratories, and Internet of Things (IoT) biometric devices. Once entered, data will further be anonymized and shared with…

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EU Financial Regulator Budgets Over 1 Mln Euro for FinTech and Crypto Supervision

The European Securities and Markets Authority (ESMA) has budgeted over 1 million euro for monitoring fintech and crypto assets, according to a document published Oct. 4. Founded in 2011 in Paris, the ESMA has an objective to develop a uniform rulebook for European Union (E.U.) financial markets, as well as provide market supervision. The authority has established Technical Committees in various industrial fields, including information technology (IT), and also works in the field of securities legislation and regulation. In its 2019 Annual Work Program, the ESMA cites a 1.1 million…

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Circle Launches Collections | Three New Additions to the Investment App

Circle launches Collections, a new addition to Circle’s crypto investment app. Circle Launches Collections A few months ago, Circle debuted ‘Buy the Market.’ It was a way for its customers to buy the listed assets it had on its platform in just one tap. Circle’s feature was so successful that over 30 percent of the users were using it after its debut. This morning, the company is building upon its theme and has launched three additional collections: Platforms, Payments, and Privacy. Each of these new collections divides the crypto assets into…

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Time Magazine Puts Blockchain Startup in ’50 Genius Companies’ List

Bitland, one of the first startups to use blockchain technology to create a land registry, has been named to Time Magazine’s “50 Most Genius Companies” list. Time asked its global network of correspondents to nominate businesses that are inventing the future, then evaluated candidates on originality, influence, success, and ambition. The companies are listed in alphabetical order. Bitland, under the leadership of Ghana resident Narigamba Mwinsuubo, uses blockchain technology to create immutable public records of land ownership. The International Monetary Fund (IMF) has estimated that 90% of the land in Ghana is…

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