FxWirePro: BTC/USD drops to near 7000, good to go short on break below trend line support at 6970
May 29, 2018 07:34 am UTC| Digital Currency
BTC/USD is continuing its downtrend on Tuesday and has dropped to 7026 levels so far in the day. It is currently trading at 7117 levels at the time of writing (Bitstamp). On the top side, resistance is seen at 7257 (1h...
Chinese ridesharing app Kuaidi founder wants to tap blockchain potential
May 29, 2018 06:42 am UTC| Digital Currency
Founder of Chinese taxi-hailing app Kuaidi Dache, Weixing Chen, is planning to develop a blockchain-based ride-hailing app to gain an edge over existing operators, according to China Money Network. Ride hailing is the...
Port of Brisbane, PwC and ACCI unveil blockchain-based supply chain project
May 29, 2018 05:56 am UTC| Digital Currency
PwC Australia today announced a new system that will leverage blockchain technology to link supply chain information, thereby significantly transforming international trade. The consulting giant has collaborated with...
China could set up blockchain standards committee this year, says official
May 29, 2018 05:08 am UTC| Digital Currency
The average lifespan of blockchain projects is only around 1.22 years, according to an official at the China Academy of Information and Communications Technology (CAICT), a subsidiary of Chinas Ministry of Industry and...
Abu Dhabi Securities Exchange partners with blockchain startup Equichain
May 29, 2018 04:20 am UTC| Digital Currency
The Abu Dhabi Securities Exchange (ADX) has entered into a partnership with London-based fintech firm Equichain to enhance the efficiency of capital markets, Gulf News reported. The collaboration is aimed at leveraging...
Kuwait Finance House joins Ripple’s blockchain network
May 29, 2018 03:29 am UTC| Digital Currency
Kuwait Finance House (KFH) has become the first bank in Kuwait to join Ripples blockchain network. RippleNet is Ripples enterprise blockchain network with over 100-member banks and financial institutions. KFH said that...
Veteran investors and research scholars’ glimpse at Bitcoin economics and financials
May 28, 2018 12:50 pm UTC| Research & Analysis Digital Currency Insights & Views Commentary
In the recent past, a policy advisor in Fintech working at the Federal Reserve Bank of San Francisco took a stab at establishing the value of a Bitcoin and we covered that news in our recent post. While evaluating the...
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