Bitcoin has been experiencing a downward trend after dropping from $10,000 and falling to $8,000, with bears predicting the number could dive further due to lack of market demand.
Bitcoin is speculated to make another bullish run after the cryptocurrency broke through its $8,000 margin but concerns have sprouted elsewhere on the web.
Support: 158.50 (trendline); Resistance: 178.62 (21-EMA)
More than 50 blockchain media companies and affiliates gathered under one roof on October 21 in Seoul, South Korea to launch a new initiative aimed at transforming the media industry.
Bitmain has recently opened up its 33,000-acre Texas facility and concern over the company’s growing influence on Bitcoin has been brought up yet again.
Support: 8115 (5-DMA); Resistance: 8313 (21-EMA)
An Ethereum futures contract will likely arrive in the next 6-12 months based on the optimism expressed by Commodity Futures Trading Commission (CFTC) Chairman Heath Tarbert.
The decentralized communication network pioneer Beowulf Blockchain has announced a strategic partnership with Vietnam Medical Genetics Institute, to further strengthen the quality and scope of medical training and con…
Major Cryptocurrency Daily Trend/ Technical Outlook
Major Cryptocurrency Intraday Support Resistance Levels
Support: 55.29 (20-DMA); Resistance: 63.90 (55-EMA)
Support: 55.29 (20-DMA); Resistance: 63.90 (55-EMA)
Support: 219.37 (5-DMA); Resistance: 228.74 (21-EMA)
Support: 157.60 (trendline); Resistance: 179 (converged 21-EMA and 20-DMA)
Support: 8094 (5-DMA); Resistance: 8326 (21-EMA)
US Fed actively looking and debating digital currency issuance: Dallas Fed President Robert Kaplan A Fed official has recently said that the central bank was in fact “actively looking at and debating” the possibility …
In a new filing, the U.S. Securities has responded to Telegram’s counterclaim, arguing that the messaging giant is likely to violate federal securities laws again.
Major Cryptocurrency Daily Trend/ Technical Outlook
Major Cryptocurrency Intraday Support Resistance Levels
A US lawmaker has condemned the letter sent by Senators Brian Schatz and Sherrod Brown in which they warned Visa, Mastercard, and Stripe “to proceed with caution” over their involvement in the Libra project.
Support: 209 (Trendline); Resistance: 230.98 (21-EMA)
Tech giant IBM has announced a new initiative to digitize the supply chain for scallops using blockchain technology.
Reliance Industries, an Indian multinational conglomerate, plans to digitize two important documents involved in the exchange and transport of goods using blockchain technology.
Support: 0.2752 (nearly converged 21 and 55 EMA); Resistance: 0.3006 (21W EMA)
Dunamu, the operator of South Korean cryptocurrency exchange Upbit, is planning to launch a comprehensive over-the-counter (OTC) trading platform for unlisted securities.
Support: 167.50 (Oct 6 low); Resistance: 179 (converged 5 and 20 DMAs)
A G7 working group has said that global stablecoins (GSCs) can pose challenges to the international monetary system, while also noting their potential to facilitate a more efficient global payment system.
Support: 52 (trendline); Resistance: 57.19 (21-EMA)
Support: 7765 (55W EMA); Resistance: 8394 (21-EMA)
Messaging giant Telegram has filed a response to the U.S. Securities and Exchange Commission (SEC), which obtained a restraining order last week against the company alleging that it conducted an unregistered token sal…
The government of Bermuda has teamed with Shyft Network to develop a blockchain-based national identity system.
Major Cryptocurrency Daily Trend/ Technical Outlook
Major Cryptocurrency Intraday Support Resistance Levels
Samsung SDS, an IT subsidiary of South Korean tech giant Samsung Group, is teaming up with Indian IT firm Tech Mahindra and American software company Pega to launch a blockchain-based traceability solution.
Messaging giant Telegram is looking to push back the launch of its TON blockchain project to April 30, 2020, from the initial deadline of October 30, 2019.
Support: 0.014490 (88.6% Fib); Resistance: 0.016547 (55-EMA)
The 1st International Health Informatics Conference (HEALTHINFO I) was organized at the University of Technology of Ho Chi Minh City with the theme “Gearing towards the Future Solutions for Smart Hospitals in Vietnam”…
Dubai-based property developer Emaar, best known as the firm behind the world’s tallest building, Burj Khalifa, is going to launch a blockchain-based referral and loyalty platform later this year.
Ripple’s investment arm Xpring has made an investment in Swedish crypto startup Towo Labs. The amount of investment has not been disclosed.
Support: 208.85 (Trendline); Resistance: 232.47 (21-EMA)
