Litecoin (LTC) has finally done it. The price has found a true bottom at the exact price of $ 50. This has been tested a number of times now according to the daily chart for LTC/USD above. Some might argue that finding a bottom is a process and not a price target. I agree with that in the case of Bitcoin (BTC) but Litecoin (LTC) seems to have found a bottom in terms of price.
Bitcoin and Bitcoin Cash users can now spend their digital riches on luxury vehicles. A Houston retailer has reportedly become the nation’s first high-end dealership to accept the cryptocurrencies.
Post Oak Motor Cars has become the nation’s first Rolls-Royce, Bugatti, and Bentley dealership to accept Bitcoin (BTC) 00 and Bitcoin Cash (BCH). The venue is owned by hospitality mogul Tilman Fertitta.
In an official press release issued September 5th, the company announced that it will partner with Bitcoin processor BitPay in order to enable luxury car buyers to purchase carriages from any part of the world using the selected cryptocurrencies.
As soon as Bitcoin (BTC) fell below $ 7,000, retail bears became loud once again. Calls for a fall to $ 4,000 or lower have become popular once again in the crypto community. The popular sentiment at the moment is bearish. If an analysis points to the possibility of a fall below $ 4,000, it is more readily accepted than the one that calls for a rise above $ 8,000. As we have seen in the past, in this market as well as other markets, when too many people start thinking the same way, it is time to prepare for a trend reversal.
Forty-two lucky South Korean citizens are soon to undergo intensive training to become proficient in Blockchain technology, thereby setting them up for immediate employment within the country.
According to Kinews, a South Korean news service, the training is part of a wider $ 100 billion development strategy to help boost South Korea’s technology industry, specifically in the realm of distributed ledger technology. It is anticipated that this strategy will be rolled out over 10 years.
Ripple (XRP) is about to begin a new trend. The weekly chart for XRP/USD shows that this could be as soon as next week when Ripple (XRP) forms a new candle outside the bullish gartley formation on the XRP/USD chart. Volume price confirmation indicator for XRP/USD shows the new trend has already started. MACD diagram for the above chart shows that the correction has run its course and Ripple (XRP) is ready to begin a new trend from here.
Today will prove to be another interesting day for Bitcoin and all other cryptocurrencies. Although there is still a lot of bearish and sideways momentum in play, things may finally start to turn around. For some unknown reason, the IOTA price is still getting battered, as it continues to dip lower every single day.
IOTA Price Can’t Catch a Break
Even though the year 2018 hasn’t been a good one for most cryptocurrencies, it seems some currencies are still getting battered much harder than they really should. In the case of the IOTA price, the overall negative pressure continues to mount, even though most other markets are going through as all recovery process as of right now. This conflicting market momentum raises a lot of questions which aren’t easy to answer.
The Eastman Kodak Co. will conduct a token sale for its long-awaited KODAKCoin beginning May 21. The sale will target accredited investors and aims to raise $ 50 million for the development of a blockchain platform. The New York-based company has already held a presale in which it raised $ 10 million from investors.
The KODAKCoin will be the native digital asset for KODAKOne, a blockchain platform that aims to empower photographers by giving them greater control over image rights management. KODAKOne was developed by Wenn Digital, a Venice, California-based company in which Kodak has a minority ownership.
Reports say that Twitter will follow in the footsteps of Facebook and Google by banning a wide range of cryptocurrency ads.
It appears that the digital world of cyberspace is continuing to shrink for those seeking to publish cryptocurrency ads. Facebook was the first to lower the boom as the social media platform banned cryptocurrency ads. This was followed shortly thereafter by a similar purge by internet behemoth Google. Now reports are coming out, saying that Twitter is following suit by instituting a ban of their own.