By CCN Markets: Hollywood movie star Brad Pitt has reportedly invested in a “cold fusion” startup dubbed Industrial Heat, The Financial Times reports. Joining him for the capital venture into futuristic clean energy are Laurene Powell Jobs and English fund manager Neil Woodford. Incidentally, Pitt plays a Hollywood stunt double in Quentin Tarantino’s upcoming film, “Once Upon A Time in Hollywood.” It hits theaters on July 26. New #OnceUponaTimeinHollywood pic with #BradPitt as Cliff Boothvia @empiremagazine#Quentintarantino #quentintarantinomovies pic.twitter.com/Azi9XqbBAJ — Quentin Tarantino News (@QTarantino_news) June 13, 2019 In real life, however, Brad Pitt seems to be playing Elon Musk’s stunt double.
Aeron (ARN), an aviation blockchain project being designed used to prevent flight logs from being falsified or altered, announced that it will be adopting the Binance Chain and its BEP2 token standard. Aeron takes a giant leap, moving to @Binance Chain! Fast blockchain with inexpensive transactions is perfect for Aeron aviation utility and @Binance_DEX will […]
Cryptocurrency exchange Binance released details of how its native token BNB will soon be moved from ethereum to its native public blockchain.
Introducing our first video price analysis by Bitcoin Schmitcoin.
- Bitcoin broke out of a massive consolidation pattern known as an “Adam and Eve” double bottom. The breakout was fueled by short liquidations that stacked up around the $ 4,000 level over the last 4–5 months.
- The measured move for the breakout has us testing several resistance levels and ultimately has a price target of around $ 5,300.
- We have managed to break the immediate bearish market structure and are attempting to break the macro bearish market structure. At the moment we are testing a break of the descending trendline as we also approach the monthly resistance level in the $ 4,800s.
There’s attention being drawn to an anomaly in China’s trade data. Compared to imports of precious gemstones from Hong Kong, it could point to China’s wealthy overpaying for said imports. A method of moving capital out of the country that bypasses China’s capital controls. An Outflow of Capital? The first trigger is an increase in
The post Did China’s Wealthy Elite Secretly Move Capital Offshore via Hong Kong’s Gemstones? appeared first on CCN
Days and days of sideways consolidation and tightening volume has been the name of the game for the bitcoin market. A narrow range of $ 200 has caused a weeks worth of activity to coil and consolidate in preparation for bitcoin’s next move:
Figure 1: BTC-USD, Daily Candles, Narrow Range
The figure above shows just how narrow the range has been over the last week as the market has continued to grind out support and fail to break above overhanging resistance. The thick, blue line shows a prior support level that is now resistance. The lower highs and the lower lows are continuing to show signs of diminishing demand and continuing supply on the macro scale. However, if we look at lower time frames, we do see some signs of potential accumulation:
Over the last 24 hours, the crypto market has rebounded slightly by $ 5 billion, from $ 120 billion to $ 125 billion following a promising breakout of the Bitcoin price above $ 3,700. The unforeseen strong movement of Bitcoin could lead to the short-term recovery of other major crypto assets and low market cap cryptocurrencies in the upcoming
The post Bullish Move: Crypto Market Adds $ 5 Billion as Bitcoin Price Surpasses $ 3,700 appeared first on CCN
For the better part of a month and a half, bitcoin has been fairly range-bound and unable to establish new lows or new highs. There are some bullish and bearish setups on the horizon for bitcoin, so let’s check out both sides of the argument because currently the market is sitting in the middle of Indecisionville — the most immediate sign of which is this glaringly obvious head-and-shoulders bottom reversal pattern:
Figure 1: BTC-USD, Daily Candles, Head-and-Shoulders Bottom
The U.S. Securities and Exchange Commission (SEC) is actively cracking down on crypto initial coin offering (ICO) projects and a top official said earlier this year that dozens of cases are pending. The next wave of enforcement by the SEC, stimulated by its recent settlement with professional boxer Floyd Mayweather and music producer DJ Khaled, is
The post SEC’s Next Move: Social Media Influencers Who Promoted Crypto ICOs appeared first on CCN
Bitcoin could be in for a recovery rally, having defended a key support level over the weekend.
Ethereum Classic (ETC) is expected to become fully IOT (Internet of Things) compatible by November 30, 2018. This is no doubt going to be a big development for the sleeping giant. However, previously we have seen events like Coinbase listing and ETC Summit makes no impact on the price of Ethereum Classic (ETC) at all. For all we know, this time may be no different and the price may not appreciate short term. However, all of these developments combined are definitely going to have a strong impact long term. Most cryptocurrency projects do not think beyond cryptocurrencies or the blockchain technology. There is a reason for that. Blockchain is a hot topic and they want to capitalize on that, but what happens when blockchain is not so hot anymore?
Bitcoin could be about to make a move towards $ 6,800, having witnessed a bullish triangle breakout yesterday.
Over the past 24 hours, the cryptocurrency market has demonstrated the same trend it has shown throughout the past 12 days, with Bitcoin at $ 6,400. The volume of Bitcoin has increased by nearly 20 percent from $ 3.1 billion to $ 3.5 billion, hinting a rise in trading activity in the cryptocurrency exchange market across major digital
The post Bitcoin Doesn’t Move as Market Continues Stability, Volume Rises 20% appeared first on CCN
A strong round of buys hit the market this weekend as unsubstantiated rumors began to circle surrounding Tether and Bitfinex’s potential insolvency. I won’t be going into the details surrounding the allegations because, like I said, they are nothing more than unsubstantiated rumors. However, the effects of the rumors did not go unnoticed.
Bitcoin, along with the wider cryptocurrency market took a tumble as the Dow, S&P 500, and Nasdaq take a beating for the second day in a row.
Bitcoin Price Market Overview
Bitcoin (BTC) 00 finally decided to make its move after the 50/50 market we’ve had for the past two weeks. The weak volume is a big indication that the market was very indecisive about which way it wanted to move, and also makes the market very high risk. Big orders can cause very big price swings.
For several weeks, bitcoin has remained in a consolidating uptrend. The market hasn’t seen a new high since mid-September, but the lows have steadily gained higher and higher ground. Overall, the volume is highly consolidated and the market is ready for a large move — the question is, where will it move next?
Figure 1: BTC-USD, Daily Candles, Sideways Consolidation
The market has been range-bound for weeks and has maintained a very consistent but very non-eventful uptrend. An interesting thing to note, however, is how slowly and steadily the bitcoin market had begun its march toward its multi-month downtrend:
Ethereum Classic (ETC) like many other altcoins has completed its correction. It is down to Bitcoin (BTC) now to resume its uptrend so the rest of the market can follow. The above weekly chart for ETC/BTC shows that Ethereum Classic (ETC) has finally formed a bottom against Bitcoin (BTC). The next move it makes from this point forward will be a decisive one. If Ethereum Classic (ETC) breaks the trend line and falls further, it will be the start of another correction.
With the Chinese crypto crackdown hot on the heels of all aspects of the cryptocurrency industry, it would seem pretty irrational to open a hotel and advertise that it is accepting Ethereum payments. With cryptocurrency on the brink of being totally outlawed, the Yitai Hotel have announced that they are set to be the first hotel in China to accept Ethereum payments.
According to reports, the owners of the Yitai Hotel are very bullish about cryptocurrency and also have a very strong belief in the future of the blockchain as a technology that is truly going to change the world.
The real estate market of Hong Kong is said to be one of the most expensive in the world, alongside New York, London, and Sydney. Yet, crypto startups are moving into the most valuable skyscrapers in the city. On August 22, CCN reported that BitMEX, a popular cryptocurrency exchange that facilitates Bitcoin and Ethereum margin
The post Crypto Startups Move to Hong Kong Skyscrapers While Major Banks Check Out appeared first on CCN
NEO (NEO), the Chinese Ethereum that became the centre of attention during the previous bullish cycle of the cryptocurrency market is all of a sudden completely forgotten after the recent correction. Their development team seems to be working in a low key style on the project and does not care about publicity. While it may be hard to tell what the NEO (NEO) development team is really up to, the above weekly chart for NEO/USD shows us clearly what NEO (NEO) is up to.