According, to CCN report the breach of the $8,000 resistance level could send the bitcoin price to the lower end of $7,000. Based on the strong downward trend of bitcoin, it is likely that the dominant cryptocurrency dips below $7,000 and reaches $6,900 before rebounding.
Other cryptocurrencies such as Polymath, Ethos, Storm, Zcash, and Waves, which have recorded large gains throughout April and May, declined by 10 to 20 percent against both bitcoin and the US dollar, it is unlikely that the bitcoin price rebounds before dropping to the lower end of $7,000.
Using Blockchain to Build Trust in Wine Industry: The Chinese wine business is worth $2.8 billion. In challenges to advance trust, Shanghai-based startup VeChain is spending blockchain technology to track imports to the city — the mainlands second-largest market for trade in wine — from vine to table.
Banking Industry in Denial but Losing International Payments Business: Transaction banking faces constant pressure from disorderly solutions from blockchain and cryptocurrency schemes, which are taking an important share of a once-upon-a-time certain market. While exploiting customers and transaction volumes, banks continue self-assured that its legacy skill is ‘good enough for now.’
Australians treat bitcoin as an asset for capital gains tax for them Bitcoin is neither money nor Australian or foreign currency. Australian senators from both major parties (Labor and Coalition) stepped forward to call on the Reserve Bank of Australia (RBA) to accept cryptocurrency as an official form of currency in August 2017.
Bitcoin prices have fallen 40 per cent this year, hurting margins for miners. The cryptocurrency rose from $1,000 in January last year to more than $19,000 in December. Currently, one bitcoin is worth about $8,400. As itcoin's price approached $10,000 this week, one Twitter user noted that its average daily growth rate since 2009 is around 0.5 percent. If it continues this growth, the Twitter user speculated, one bitcoin would be worth $5.6 million by 2021.
Carboneum is the decentralized platform which simplifies investing in digital assets and cryptocurrencies. It is the solution for all the traditional investment problems. It facilitates with the greatest degree of knowledge sharing, promotes the purest form of transparency where all the trading activities and actions are recorded and anyone can trace or verify it. Carboneum uses its token known as Carboneum token (C8).
Cryptocurrency networks are under many threats on a near-constant basis one of the major concerns is the so-called 51% attack. During such an attack, a nefarious individual – or set of users – can switch the network. It seems the Monacoin network has newly gone through such an attack. There is still no solution to the constant difficult.
Belotto is the first online blockchain based decentralized platform which acts as a boon for players in the lottery business. This platform brings integrity, transparency, and trust among players involved in the transactions. Two principal lotteries and a quick lottery reduce the chances of losing money and offer the possibility of winning great prizes in Bitcoin, Ether, and BEL tokens.
Through the association, state securities regulators can coordinate and take part in “multi-state enforcement actions,” as well as share information. Earlier in May, the US Securities and Exchange Commission (SEC) launched a fake initial coin offering website to increase awareness of the typical warning signs of scam ICOs and to promote investor education.
Cryptocurrency coverage is in high request these days. Specifically, institutional investors are keen to take a gamble when it derives to Bitcoin and altcoins. Finding service suppliers granting access to these markets is still a continuing struggle. LMAX Exchange Group is setting up the first physical cryptocurrency exchange for recognized clients.