A test of resilience for Bitcoin price now revolves around an area with $7,400 as its bottom, one market analyst suggests. Bitcoin price (BTC) returned to sideways trading on Oct. 14 after a sudden dip on Sunday evening saw markets lose 2% in minutes. Cryptocurrency market daily overview. Source: Coin360 Bitcoin claws back lost ground…
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South Korean social media platform Cyworld has shut down operations prompting concerns about the future of its Clink cryptocurrency. South Korea’s Cyworld social media platform shuttered its services on Oct. 1 without giving any prior notice, English-language local media The Korea Times reported on Oct. 14. What’s more, the website for its Clink (CKCT) crypto-asset…
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Disclaimer: The text below is a press release that was not written by Cryptonews.com. __________ Current status and issues The blockchain has pursued decentralized ideal and it has succeeded to some extent. However, decent years after the invention of blockchain, some of its problems are revealed. When a national government tries to use blockchain, they…
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This past week, bitcoin price climbed higher above the USD 8,500 resistance. BTC/USD tested the USD 8,800 resistance area and later trimmed most of its gains. The price is now (08:00 UTC) trading well below the USD 8,500 level and seems to be consolidating above the USD 8,200 support area. Similarly, there was a strong…
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Crypto Briefs is your daily bite-sized digest of cryptocurrency and blockchain-related news – keeping you up-to-date with under the radar crypto news from around the world. Cryptocurrency exchange news Major U.S.-based crypto exchange and wallet company Coinbase said they have been granted an e-money licence by the Central Bank of Ireland. It “will now enable…
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The IRS is hunting crypto user identities. If you are audited, should you hire a professional or do it yourself? Do it yourself or outsource it? Rightly or wrongly, most people seem to fear the IRS, and an IRS audit can be daunting, even if it is entirely by correspondence. Most considerations are arguably the…
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After the rally last week, XRP continues to be among the best performing major coins this Monday. We saw the third coin by total market capitalization rally last week, when it had appreciated 7% in the week before and 5.6% in just a day. The numbers are actually higher this week, most of which XRP…
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Tests of a blockchain car identification and payment system deployed by automakers Renault, BMW, General Motors, Ford and Honda will start next month. Five major automakers — BMW, General Motors, Ford, Renault and Honda — will start testing a blockchain car identification and payment system next month in the United States. Automakers envision self-paying cars,…
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Some of the world’s leading carmakers will begin a pilot for a blockchain-powered vehicle identification platform. The project might let the drivers of electric vehicles pay parking fees, maintenance fees, rest stop service fees and highway tolls charges faster and more effectively, without making use of cash, smartcards or credit/debit cards. The pilot, which will…
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As Litecoin celebrated its eighth birthday on Oct. 13, its founder Charlie Lee fended off criticism about LTC and the Foundation’s finances. As Litecoin (LTC) celebrated its eighth birthday on Oct. 13, its founder Charlie Lee had to fend off crypto Twitter’s FUD — fear, uncertainty and doubt — about the altcoin. Lee’s original post…
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