BTC_still_bullish-min

Bitcoin [BTC] price dip from $8,000 has not changed its bullish outlook

Bitcoin bulls reportedly showed exhaustion as it failed to remain afloat above the $8,000 mark, plunging down by eight per cent towards $7,300 at press time. However, the recent plummet has not affected the outlook of analysts as they reportedly state this to be a typical retracement before the flagship coin prepares for a higher highs in 2019. As per reports, BTC’s price had purportedly crashed by about 11 per cent to $7,000 amidst the sell of frenzy with the rest of crypto market following suit, as reported by BitcoinNews.com.

BTC_still_bullish-min

Bitcoin [BTC] price dip from $8,000 has not changed its bullish outlook

Bitcoin bulls reportedly showed exhaustion as it failed to remain afloat above the $8,000 mark, plunging down by eight per cent towards $7,300 at press time. However, the recent plummet has not affected the outlook of analysts as they reportedly state this to be a typical retracement before the flagship coin prepares for a higher highs in 2019. As per reports, BTC’s price had purportedly crashed by about 11 per cent to $7,000 amidst the sell of frenzy with the rest of crypto market following suit, as reported by BitcoinNews.com.

LATEST NEWS​

Amazon_blockchain-min
Technology

Amazon received patent approval to create a Proof-of-Work [PoW]-based blockchain analog

Retail and e-commerce shark, Amazon has reportedly received patent approval for generating Merkle trees as a solution to the PoW algorithm, as per news. Furthermore, the retail giant is purportedly aiming at creating a specific variation of the instrument based on the original Bitcoin [BTC]’s PoW blockchain protocol. However, citations from the document read, “This document describes techniques for using the generation of Merkle Trees as a solution to a proof-of-work challenge.”

crypto.com_vs_banks-min
Technology

Crypto.com’s mobile payment platform unveiled crypto deposit services against banking challenges

As per news, Crypto.com is reportedly offering an application Crypto Earn, giving users, “the freedom to grow their assets.” As per reports, the service is made available via its flagship app allows users to deposit their virtual assets and also gives them the option to hold their assets to accrue incentives. The company adds, consumers can reportedly choose to hold their assets for one or three months, however, the company plans to introduce more flexible features in the future, reported Cointelegraph.

blockchained_India-min
Bitcoin

NASSCOM lobbying the RBI to favour Bitcoin [BTC] startups backed by the PCI

Prevailing Indian tech lobby, the National Association of Software Services Companies [NASSCOM] is purportedly pushing Indian central bank, the Reserve Bank of India [RBI] to include cryptocurrencies like Bitcoin to its regulatory sandbox. As per news, the $154 billion Indian IT sector representative has called for crypto inclusion in the so-called ‘Draft Enabling Framework for Regulatory Sandbox’. The call is reportedly backed by the Payments Council of India [PCI], which is also seeking a fairer regulatory structure, reported CCN.

🔗CCN
Bitcoin_flash_plummet-min
Bitcoin

Bitcoin [BTC] price flash plummet to $6,200 on crypto exchange Bitstamp

As per the news, a trader on crypto exchange Bitstamp reportedly put up a sell order of 5000 BTC at an oddly low price of $6,200 which led to a massive plunge on the exchange. As per reports, the effect was felt across the crypto market with BTC market average falling to about $7,100. Although details related to the plunge continue to remain unclear, speculations, however, cite various possibilities including a whale dump, fat finger error or a bot glitch running wild in the space.

Bitcoin_valt_acquisition-min
Bitcoin

San Francesco-based Coinbase eyeing crypto custody firm Xapo for acquisition

As per news, crypto exchange Coinbase is reportedly taking steps for acquiring crypto custody firm Xapo for about $50 million, however, the deal is yet to be closed. As per reports, the Hong-Kong based company, Xapo is known for offering BTC wallets combined with cold storage vault and a Bitcoin [BTC]-based debit card. As per the Wall Street Journal, Xapo stores customer funds in offline, encrypted servers that are never connected to the internet, often referring to it as a Fort Knox of Bitcoin [BTC] storage.

blockchained_India
Regulations

RBI urged to rethink on banning cryptos from regulatory sandbox

As per local news, the Reserve Bank of India [RBI] is reportedly being urged by lobbying groups to allow crypto-related products for testing in its regulatory sandbox. As per RBI’s proposed framework, testing of blockchain technology would reportedly be allowed on a small number of consumers, however, the central bank has clarified on excluding cryptocurrencies, exchanges and initial coin offerings. Furthermore, the Payments Council of India [PCI] has flagged this saying, innovation will be difficult to achieve if the sandbox’s framework has such large exclusions, as reported by Cointelegraph.

Bosch_adopting_blockchain-min
Technology

Bosch refuses to accept fear as reaction to innovations like Blockchain and IoT

Engineering and electronics manufacturing giant, Bosh has reportedly hinted to play a supporting role in defending innovations like the Blockchain and the openness of the Internet of Things [IoT]. As per news, Bosh purportedly highlighted distributed ledger technology [DLT], including blockchain as an essential facet related to the future of both Iot and Economy of Things. As per reports, the company further added saying, “Distributed ledger technologies [DLT] such as blockchain may well become the key technology in these domains,” as per Cointelegraph.

BTC_price_correction-min
Bitcoin

Bitcoin [BTC] in for a price correction towards $7.600

As per the news, the flagship coin was reported to be in a price correction situation, as exhaustion leaves the bulls unable to hold the 10-month highs it hit earlier today. As per reports, the leading cryptocurrency by market capitalization made a significant jump to $8,390 earlier today, which is its highest level since July of 2018. However, BTC witnessed a decline to $7,840, representing a two per cent drop in the 24-hour frame, as reported by CoinDesk.

Amazon_blockchain-min

Amazon received patent approval to create a Proof-of-Work [PoW]-based blockchain analog

Retail and e-commerce shark, Amazon has reportedly received patent approval for generating Merkle trees as a solution to the PoW algorithm, as per news. Furthermore, the retail giant is purportedly aiming at creating a specific variation of the instrument based on the original Bitcoin [BTC]’s PoW blockchain protocol. However, citations from the document read, “This document describes techniques for using the generation of Merkle Trees as a solution to a proof-of-work challenge.”

crypto.com_vs_banks-min

Crypto.com’s mobile payment platform unveiled crypto deposit services against banking challenges

As per news, Crypto.com is reportedly offering an application Crypto Earn, giving users, “the freedom to grow their assets.” As per reports, the service is made available via its flagship app allows users to deposit their virtual assets and also gives them the option to hold their assets to accrue incentives. The company adds, consumers can reportedly choose to hold their assets for one or three months, however, the company plans to introduce more flexible features in the future, reported Cointelegraph.

blockchained_India-min

NASSCOM lobbying the RBI to favour Bitcoin [BTC] startups backed by the PCI

Prevailing Indian tech lobby, the National Association of Software Services Companies [NASSCOM] is purportedly pushing Indian central bank, the Reserve Bank of India [RBI] to include cryptocurrencies like Bitcoin to its regulatory sandbox. As per news, the $154 billion Indian IT sector representative has called for crypto inclusion in the so-called ‘Draft Enabling Framework for Regulatory Sandbox’. The call is reportedly backed by the Payments Council of India [PCI], which is also seeking a fairer regulatory structure, reported CCN.

🔗CCN
Bitcoin_flash_plummet-min

Bitcoin [BTC] price flash plummet to $6,200 on crypto exchange Bitstamp

As per the news, a trader on crypto exchange Bitstamp reportedly put up a sell order of 5000 BTC at an oddly low price of $6,200 which led to a massive plunge on the exchange. As per reports, the effect was felt across the crypto market with BTC market average falling to about $7,100. Although details related to the plunge continue to remain unclear, speculations, however, cite various possibilities including a whale dump, fat finger error or a bot glitch running wild in the space.

Bitcoin_valt_acquisition-min

San Francesco-based Coinbase eyeing crypto custody firm Xapo for acquisition

As per news, crypto exchange Coinbase is reportedly taking steps for acquiring crypto custody firm Xapo for about $50 million, however, the deal is yet to be closed. As per reports, the Hong-Kong based company, Xapo is known for offering BTC wallets combined with cold storage vault and a Bitcoin [BTC]-based debit card. As per the Wall Street Journal, Xapo stores customer funds in offline, encrypted servers that are never connected to the internet, often referring to it as a Fort Knox of Bitcoin [BTC] storage.

blockchained_India

RBI urged to rethink on banning cryptos from regulatory sandbox

As per local news, the Reserve Bank of India [RBI] is reportedly being urged by lobbying groups to allow crypto-related products for testing in its regulatory sandbox. As per RBI’s proposed framework, testing of blockchain technology would reportedly be allowed on a small number of consumers, however, the central bank has clarified on excluding cryptocurrencies, exchanges and initial coin offerings. Furthermore, the Payments Council of India [PCI] has flagged this saying, innovation will be difficult to achieve if the sandbox’s framework has such large exclusions, as reported by Cointelegraph.

Bosch_adopting_blockchain-min

Bosch refuses to accept fear as reaction to innovations like Blockchain and IoT

Engineering and electronics manufacturing giant, Bosh has reportedly hinted to play a supporting role in defending innovations like the Blockchain and the openness of the Internet of Things [IoT]. As per news, Bosh purportedly highlighted distributed ledger technology [DLT], including blockchain as an essential facet related to the future of both Iot and Economy of Things. As per reports, the company further added saying, “Distributed ledger technologies [DLT] such as blockchain may well become the key technology in these domains,” as per Cointelegraph.

BTC_price_correction-min

Bitcoin [BTC] in for a price correction towards $7.600

As per the news, the flagship coin was reported to be in a price correction situation, as exhaustion leaves the bulls unable to hold the 10-month highs it hit earlier today. As per reports, the leading cryptocurrency by market capitalization made a significant jump to $8,390 earlier today, which is its highest level since July of 2018. However, BTC witnessed a decline to $7,840, representing a two per cent drop in the 24-hour frame, as reported by CoinDesk.

Bitnami