Will Monero Continue to Withstand the Ongoing Bullish Momentum?

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February 12, 2020

Monero (XMR) price has been trading under the strong bullish influence since the starting of 2020. The XMR coin trades moderately till the last days of January but then it started showing strength and moving in the upward range. Monero price has been trading in the range of $57.19 – $86.51 over this time period.

Monero Price Analysis

XMR price has been trading in a lower range till February month begins. The price has been at a low of $57.19 on January 13, and then, it shot up to $70.48 in the next 4 days, showing a hike of 23.27%. The bears continuing in full swing, the price of Monero coin went down to $59.11 on January 24, showing a downward movement of 15.87%. This did not deter the price of XMR from getting back on an upward rally to $74.44 on January 30, the rally being at 25.95%.

Monero price again faced a marginal drop and fell to $72.18 on February 02 by 3.24%. Then, the currency again managed to recover in the upward range and reached to $86.51 on February 10, showing an upward swing at 19.85%. The current day’s price of XMR coin is at a high of $92.69. Analysts anticipate that Monero may cross its crucial resistance $99 soon.

Current investors can continue to hold on to their existing investments, as XMR is expected to go for a stable turn during the year. Day traders can make quick gains even under the current volatile crypto market.

American Council for Education Receives Funding to Explore Blockchain

By

Ray Buckler

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February 11, 2020

US government funds Education Blockchain Initiative

The American Council for Education (ACE) last week stated that it had received funding from the U.S Department of Education for exploring blockchain in the Education sector. To be more precise, it will be exploring how to implement credentials to share the data between educational institutions and employers; simultaneously offering learners control over their data.

Further, the Government stated that the Education Blockchain Initiative is just a part of a long term effort to offer learners the control of their educational documents. Besides, it anticipates the role of blockchain to certify corporate training accomplishment which ropes in 87 billion dollars in annual spending. Around 738,000 unique credentials are offered in the U.S.

The Education Blockchain Initiative is intended to identify and evaluate how blockchain can enhance the flow of data between educational institutions and employers at the same time. It also aims to empower individuals to transform educational issues into economic opportunity. Additionally, it will incorporate the launch of a competitive challenge for funding the pilot program at the end of the year.

President of ACE, Ted Mitchell said,

This work is about exploring the potential of blockchain technology to give learners greater control over their educational records. It’s about enabling more seamless transitions between and across K-12, higher education, and the workforce. This initiative will explore how this nascent technology can break down barriers for opportunity seekers to fully unlock their learning and achievement.

The initiative’s lead and ACE’s chief Learning and innovation officer Louis Soares remarked that ACE is very excited to lead this initiative and it will make sure that the learning from the project can be accessible over educational institutions. He further added that blockchain has a great potential to connect learning in diverse areas and to help students to accomplish their workforce and educational goals.

Additionally, this initiative starts with the development of research paper which will review the present use of blockchain in the education sector and simultaneously identify opportunities and application that can improve equity in education and workforce insights. Further, it will identify more opportunities and challenges in this sector.

Will Tezos Price be Able to Sustain Current Bullish Momentum?

By

Felicia Learned

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February 11, 2020

Tezos (XTZ) price trades with bullish influence since the start of 2020. From the last few days, investors and traders are managed to gain considerable profits as the price has managed to move in the upward direction. Whether this trend would continue has to be observed in the upcoming days. The price of XTZ has been fluctuating between $1.28 – $2.66 over the past 30 days’ time period.

Tezos Price Analysis

XTZ price had a sluggish start to the month, with the price being below the baseline but has been able to swiftly move up the price ladder over the last few days. The price was at a low of $1.2830 on January 16. The coin managed to have a slow recovery to the extent of 25.91% at $1.6117 on January 22. The bear pressure got too hard to handle and the price once again went down to $1.4725 on January 26, the slowdown being at 8.40% fall.

From then on, Tezos coin marked strong upward momentum and succeeded in pushing its price in the higher range to $2.6594 on February 10, showing an upward price swing at a whopping 80.61%. The current day’s price of XTZ coin has fallen slightly to $2.5636.

Tezos had a slow start to the year, but the price overturn of the past few days has raised the hope of the community. Analysts feel that the currency will finally shrug off the bearish pressure and the price would start a stable upward momentum during the year.

Bitcoin Satoshi Vision Gets a New Security Reinforcement from Curv

By

David Pender

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February 10, 2020

Curv keyless cryptography to Bitcoin Satoshi Vision

The Bitcoin Association today announced that the institutional-grade virtual asset security platform of Curv will be providing reinforcement to Bitcoin Satoshi Vision (BSV). Curv using its innovative keyless cryptography will be helping BSV protect digital assets.

Jimmy Nguyen, Founding President of Bitcoin Association announced,

We have secured another partner for the Bitcoin SV ecosystem that ensures BSV institutional users gain multi-signature wallet functionality and can use large-scale applications on top of the Bitcoin SV blockchain, without needing to compromise on security and flexibility.

He was happy that “Curv’s protocol-agnostic approach” gave organizational users the liberty to expand the scope of BSV utility.

Curv provides a mathematically fortified method to approve and sign transactions on the blockchain network; this has led to the elimination of the only loophole presented by private keys. Curv has additionally acquired virtual asset insurance protection for its clients for a maximum amount of $50 million from Munich RE. It is till now the only Multi-Party Computation (MPC) virtual asset wallet platform to receive SOC2 Type II status. All these features make it the market leader in its field and also the most desirable digital wallet service provider for exchanges, OTC desks, lenders, brokers, and traditional asset managers all over the world.

Bitcoin Association, the industry union, backs Bitcoin SV and is working on expanding the infrastructure of the ecosystem. In this endeavor, the Bitcoin Association was looking for a supplementary security provider as it was unsure of the security feature provided by the blockchain. At the same time, it did not want to be restricted by rules, like the necessity to support the Pay-to-Script Hash (P2SH) transaction, which has been eased out of the Bitcoin SV system.

Technology solution of Curv supports Bitcoin SV for multi-signature transactions although it does not use P2SH as Curv gives users the facility to securely trade and manage all kinds of virtual assets on ECSDA as well as EDDSA blockchains. The dominant flexible feature in Curv’s platform is because of its revolutionary Multi-party computation (MPC) protocols; it allows the transactions to be verified and approved off-chain in a secure environment, thus eliminating the requirement of private keys.

Curv’s COO Josh Schwartz was very excited about another big name getting added to their growing list of clients. He said that the company feels that the clients “should feel empowered to let the market dictate the assets they choose to support and not be limited by their wallet provider’s capabilities”.

Bitcoin Cash’s Dramatic Movement Brought the Price to $444

By

David Pender

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February 10, 2020

Bitcoin Cash is speculated to have a marvelous future. The traders of the coin have experienced profitable past, and thus they were spotted holding on to the coin during the price crash. There was a strong belief that the BCH price would improve soon. The ongoing month reflected heavy escalation in the first week. The second week began with a moderate regression. Today, the opening period in the intraday chart was reflecting loss.

Bitcoin Cash Price Analysis

Bitcoin Cash price was dealing at $445.16 on February 10, and from this price point, the currency reflected a steep hike and the price reached $459 by 3.29% in the next 3 hours. Then, the coin slipped to $452.42 by a moderate fall of 1.50% at 05:09 UTC. Later, the currency marked upside movement and surged to $459.26 in the next 2 hours. From this price point, the BCH coin started a downside correction and dropped to $446 by 2.71% and then it was trading around $448 for some time and again fell to $433 by 2.87%. After registering this low, Bitcoin Cash price escalated to $451.79 by 3.79% hike.

The closing hour brought the BCH price to $453. The intraday movement reflected a 1.55% progression. Today, the coin price dropped to $436 from $453 by 3.58% in 6 hours. Later, Bitcoin Cash price recovered to $449 by 2.97% at 07:32 UTC.

The coin is tilted towards the immediate support level at $439. The same is likely to breach in the coming hours.

Resistance Level	Price
R1	$458.97
R2	$468.13
R3	$478.25
Support Level	Price
S1	$439.69
S2	$429.57
S3	$420.41

Dollar Strengthens after a Better than Expected U.S. Job Data and Enhanced Corona Concerns

By

Ray Buckler

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February 10, 2020

The job market data that has been released today has helped the U.S. Dollar in gaining even more. The optimistic job data, coupled with weakened other currencies, seems to have worked well for the greenback. A major reason for a downturn in the other significant currencies is the threat from the Coronavirus.

The American job data has exceeded the past estimates, and especially it has made commendable improvement in the construction sector. The American economy seems to be in the right shape, whereas its primary competitor, China, is struggling with the impacts of Coronavirus.

The situation in China is worsening day by day. As per the official data, the total death toll has reached 908, and the number of infections rests above 40,000.

The Australian dollar is also struggling, and it has recently touched a new low at $0.6657. The New Zealand dollar has also been pulled down to $0.6397, the lowest over the last two months. The U.S. Dollar is also gaining its ground against the Euro that is at $1.0940, whereas the pound was at its four months low figure of $1.2890.

Rodrigo Catril, senior FX strategist at National Australia Bank in Sydney, said,

There is an overriding theme of US dollar strength against a backdrop where the data continues to suggest that the US economy is faring better than others, for now until we have more clarity on the coronavirus and its full impact on economic activity, it’s difficult to see the dollar coming under many challenges.

As the Chinese Lunar New Year eve is ending today after a week’s extension, China is expecting millions of people joining the workforce. Many of the major cities in China are increasingly deserted, and it is yet to ascertain how long the economy will take to bounce back.

China’s inflation data is likely to be released today, and the current condition of the Chinese economy may pose greater challenges for Chinese policymakers.

Changpeng Zhao Holds First AMA in 2020

By

Timmy Murphy

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February 8, 2020

Changpeng Zhao (CZ), CEO of Binance Trading, conducted his first Ask Me Anything (AMA) session of 2020.

CZ talks about Binance’s big plans in 2020. He talked about how coronavirus has affected the bitcoin industry. According to him, he stated that he didn’t realize that Bitcoin specifically would be affected, but there will be a catastrophic effect on the global economy. Binance further donated money to prevent ongoing infestation.

‘BNB Futures’ will be the latest digital asset that is added to Binance. CZ further, talks about the launch of BNB Futures, which will start trading on February 10, 2020. The trading will begin around 3 p.m. that day.

Binance made a declaration about the launch of the Peer 2 Peer market with a 0% fee and Broker program. As of now, CZ is looking for partners and P2P traders.

On talking about Binance’s further plans this year, CZ talked about Binance Chain and Binance DEX, which is still under development, aiming to make the binance chain more diverse.

When asked about the BNB staking, CZ believes that it might not be right now. Though, he still suggests bringing BNB to carry off from Binance’s accord, which is available now.

CZ was also asked about Bitcoin being reduced by a half. He believes that Bitcoin will experience a price increase for a short period. Since the Bitcoin production costs are higher, miners will make more of its sale.

At last, CZ states that according to his predictions, Bitcoin prices will boost up due to the presently going greenhouse gas emission reduction.

Will EOS Continue to Bask in the Glory of Its Stable Upward Run?

By

Felicia Learned

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February 8, 2020

EOS coin has been giving the bears a tough time and trying to push its price in the upward direction. The past one-month price trend for EOS has seen the price continually trying to maintain an upward momentum under strong bear pressure with the price trading in the range of $2.93 – $4.58.

EOS Price Analysis:

EOS price was below the baseline during the starting of the month, but with its consistent performance, the currency managed to move in the upward direction. The price of the EOS coin price was at a low of $2.9308 on January 11. The coin managed to have a hike to the tune of 35.38% at $3.9660. The bears continued to exert pressure on the coin price, and it fell to $3.3979 on January 24. With great effort, the coin managed to move in the upward direction and reached $4.3192 on January 30 by a massive hike of 27%.

There was a slight fall in the price on February 04, and it reached $4.1017 showing a downward variation of 4.96%. On February 07, the currency again had a price rally and reached $4.5884, the upward movement is to the extent of 11.87%. At the time of writing, the EOS price touched at $4.7581 showing an upward movement of 3.70%.

The EOS price is having a good run from the starting of this new year. Current investors can add to their existing investments as the crypto market is expected to get better during the year. Day traders can make decent gains as the coin has been going on an upward momentum since last month.

Bitcoin Cash Exhibits Heavy Fluctuation Due to Market Pressure

By

David Pender

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February 7, 2020

The price movement of Bitcoin Cash has reflected a hefty improvement in the opening hour. The coin breached 90-days high at $454. The traders were elated to see BCH coin at a higher level.

The closing hours might experience a marginal drop in the price. However, in the long-term, the currency is speculated to have a great future. Thus, investment in the coin wouldn’t go futile.

Bitcoin Cash Price Analysis:

Bitcoin Cash price was at $447 on February 07, and then, it dropped to $432 by 3.32% within the first hour. The price jumped to $442 by 2.17% in the next 6 hours and 53 minutes. Then, the BCH coin dropped to $434 and again recovered to $442. Later, the price of Bitcoin Cash dropped to $419 at 13:50 UTC. The coin jumped to $446 by 6.57% at 15:35 UTC and then, it slipped to $436 by 2.38% at 23:01 UTC. The closing hour picked up the BCH price to $444. The intraday movement in the coin reflected a marginal regression in the price.

Today, Bitcoin Cash opened with an escalation. The price counter jumped to $458 from $440 by 4.22%. The currency price fell in the next 6 hours and 30 minutes to $434. From this level, the coin escalated to $444 by a 2.32% hike. The currency is currently at $436 and looks like it might violate the immediate support level at $431.

R1: $449.88, R2: $456.98 and R3: $468.02

S1: $431.74, S2: $420.7 and S3: $413.6

Goldman’s Marcus is Eyeing at Expansion in Consumer Banking Sphere

By

Timmy Murphy

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February 7, 2020

Goldman bolsters Marcus staff as Britain spearheads consumer bank push

Goldman Sachs is aiming at expanding Marcus, its retail wing in the United Kingdom. It is likely to make new recruitments for 65 positions. It also will launch an app and a number of new saving products. It was launched in Britain in 2018, and since then, it has been growing at a faster rate than most of its competitors as it used to offer the most competitive interest rate at 1.5%.

As per Marcus UK’s head Des McDaid, the new recruitment will be done for the London office and its call center based at Milton Keynes, north of London. The current employee strength of Marcus stands at 235, and it is likely to be inflated to 300 by 2020’s end.

As per Marcus’ plans, a new range of products including current accounts, and more asset-based products. He said,

You need a proposition that makes sense and can reach scale, we hope to start looking into that in the second half of the year.

McDaid said that though there is no immediate planning of entering into Germany’s market, it may happen soon. Marcus is likely to launch its new variation of savings account that can be held jointly this week. Easy access Individual Savings account and Marcus app may come sometime later this year.

Goldman Sachs’ entry into the British market is a paradigm shift in its business operation style. It is for the first time it is looking beyond trading and focussing on consumer banking since its inception.

Marcus’ total deposits have grown exponentially over the years, and it currently stands at 60 billion USD. It is looking forward to filling all the required vacancies in the Milton Keynes customer support center, and once it is done, it may open another such center.

Initially, Marcus was offering a 1.5% interest rate that has been cut down to 1.35% as the total deposit value is nearing 25 billion pounds. As per the British regulation, a sum of deposit beyond that point will have to be separated from its trading firm that possesses high risk.