Millennial-focused money management startup Emma Technologies is expanding into crypto. The startup is behind the Emma app for iOS and Android, which is an artificial intelligence-fueled tool that until now has only supported financial institutions like HSBC, Bank of Scotland, Barclays and others, helping users to avoid overdraft fees, manage debt and save money. Now
Whereas most cryptocurrencies are starting to see some upward momentum, things are very different for Electroneum. While that is not entirely abnormal, the steep losses are piling up fairly quickly. It seems unlikely ETN will remain above $ 0.0205 for much longer, although altcoins have a tendency to move in mysterious ways.
Electroneum Price Faces a big Setback
When the altcoins are rising, one would often expect to see Electroneum on that list. In this particular case, that is not what is happening, even though there is still a chance the momentum turns around. This massive dip was not entirely expected, yet it seems ETN is not catching a break in either the USD or BTC department right now.
West Virginia is gearing up to deploy a blockchain-based voting application for elections in November. The idea is being met with growing amounts of criticism from security experts and election specialists, but those spearheading the initiative are moving forward.
Earlier this year, Bitcoinist reported on West Virginia’s ambitious plans to bring blockchain to voting. In late March, state officials announced an initiative with a Boston-based technology startup, Voatz, that would allow those who fall under the Uniformed and Overseas Citizens Absentee Voting Act cast their ballots thanks to blockchain.
Industries focusing on the Bitcoin’s blockchain technology, the Internet of Things (IoT), and artificial intelligence (AI) are fueling the semiconductor industry to the “highest ever monthly sales.” However, the US-China trade war is now instigating fear and volatility in the semiconductor industry.
Semiconductor Industry Becoming the Fastest-Growing Industry in the Tech Sector
Data compiled by World Semiconductor Trade Statistics (WSTS) shows that global sales of semiconductors were $ 40.1 billion in August 2018, representing an increase of 14.9 percent compared with the August 2017 total of $ 34.9 billion. As a result, the Semiconductor Industry Association (SIA) reports that worldwide sales in August 2018 were 1.7 percent higher than the July 2018 total of $ 39.49 billion.
The European Securities and Markets Authority (ESMA) is assessing every single ICO operating within its jurisdiction, Reuters reported on Oct. 8. ESMA chair Steven Maijoor — who warned crypto investors in Jan. 2018 that they could potentially lose all of their funds by investing in initial coin offerings (ICOs) — said that he had been observing the current regulations
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Australian cryptocurrency payments startup Travelbybit has seen a cash injection of $ 2.5 million from a high-profile investor in Binance, the world’s largest cryptocurrency exchange. Crypto unicorn Binance is investing AUD $ 3.48 million (approx. USD$ 2.5 million) in TravelbyBit to further expansion of the latter’s network of cryptocurrency payment terminals following a successful implementation in Brisbane earlier
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Whenever things get rough in the cryptocurrency world, XRP tends to thrive. This is a very interesting turn of events, especially because this digital asset has gained a lot of value just last week. This week is shaping up to yield similar results, as a new 15% uptrend has materialized over the past few hours.
XRP Price Uptrend Grows More Firm
The past week has been very interesting for the XRP market. After a week of solid gains, it seems this week will yield very similar results moving forward. Another strong uptrend has formed over the past 24 hours, pushing the XRP price up by another 15% in the process. This latest push also negates most of the losses sustained over the past weekend and yesterday morning.
Crypto industry unicorn Coinbase has aggressive growth plans for its newly opened New York office, which caters to institutional clients.
Prime Minister Joseph Muscat classified Malta’s efforts to become a crypto and blockchain-friendly jurisdiction as a “calculated risk.” So far, work by authorities to turn Malta into a world leader for both industries looks to be paying off.
A variety of nations across the world have spent time investigating how they can control and manage the spread of blockchain and cryptocurrency.
Malta has been moving in an encouraging direction for a while now.
A number of prominent exchanges, namely OKEx and Binance, have moved to the tiny Mediterranean nation. The Maltese Parliament was hard at work over the summer approving legislation concerning crypto and blockchain.
All cryptocurrencies are on the verge of noting some interesting gains over the next hours and days. The Bitcoin momentum remains firmly in place, yet it is the Monero price which is getting everyone’s attention as of right now. A very strong increase has pushed its value above $ 138 again, particularly when looking at some of the recent ecosystem developments.
As was to be expected after a few days of positive price momentum, the cryptocurrencies are in a battle for survival once again. Despite Bitcoin holding its own relatively well, the IOTA price is going off the deep end at an alarming pace. It is the only currency in the entire top 15 to note double-digit percentile losses at this time.
Dash (DASH) is currently experiencing a strong price surge, rising about 20 percent in the space of 24 hours as news coming out of Venezuela indicates that it is experiencing a solid increase in adoption by users fleeing the bolivar’s six-figure inflation rate. Hyperinflation, Petro, and Dash CCN reported recently that Venezuelan president Nicholas Maduro
Today may prove to be a very interesting day for the cryptocurrency industry as a whole. A lot of currencies are in the green again, even though the overall momentum remains very brittle. The Litecoin price is going through a very positive spell right now, as its value has successfully surpassed $ 60.5 once again.
Litecoin Price Turns Bullish
It is rather unexpected to see the Litecoin price go up in such spectacular fashion over the past 24 hours. Although this is an altcoin which heavily relies on Bitcoin’s momentum – just like any other altcoin – it is still an interesting trend worth keeping an eye on today. If this momentum remains in place for more than a few hours, the markets will undergo some big changes.
Making sense of the cryptocurrency markets is always a trivial undertaking. There is no reason for these markets to have gone through a bearish segment this week, even though that is exactly what happened. Today, the situation looks very different once again. All top currencies are surging, and it seems the Bitcoin Cash price will reclaim $ 800 soon.
Positive Bitcoin Cash Price Momentum is Needed
When the Bitcoin price goes in the green, it is evident the rest of the cryptocurrencies will follow pretty quickly. In the case of the Bitcoin Cash price, it has become apparent things are still looking pretty good right now. Thanks to a modest increase in value over the past 24 hours, the Bitcoin Cash price is on the verge of surpassing $ 800 in the coming hours.
Sundays are usually odd periods for cryptocurrencies. In most cases, this is due to some annoying bearish pressure looming overhead. In this particular case, the overall trend is surprisingly bullish. All top currencies are in the green, with the Bitcoin Cash price noting some very strong upward momentum.
Bitcoin Cash Price Busts Some Moves
It is evident any upward cryptocurrency momentum is usually met with a fair bit of resistance throughout 2018. This year has not been overly positive for the most part, although the situation is improving gradually. For the Bitcoin Cash price, today can be a very good day, depending on how the situation evolves in the coming hours.
The weekend is off to an interesting start where the cryptocurrency industry is concerned. Considering how most currencies are still in the green as of right now, it is very likely there will be some further upward momentum moving forward. For the Ethereum price, the momentum might carry its value to $ 475 in the coming hours.
Ethereum Price Remains in the Green
There were many valid concerns as to whether or not the cryptocurrency values would suffer from bearish momentum this weekend. It appears those concerns are still justified, even though the world’s leading cryptocurrencies show plenty of positive momentum as of right now. In the case of the Ethereum price, the current situation looks relatively good, even though the day is far from over at this point.
With all of the cryptocurrency markets showing early signs of a recovery process, interesting things can happen. While it remains to be seen if this momentum can be sustained in the long run, the TRON price is enjoying some positivity. More specifically, its value has increased by 6% in the past 24 hours, which is pretty interesting to take note of.
The hacking of exchanges and relentless attacks from financial powers have, in the short run, adversely affected the price of Bitcoin. However, once the news about these adverse effects fades, investors will be able to turn their focus to several bright ongoing developments.
What Doesn’t Kill Bitcoin Makes It Stronger
The recent spate of crypto exchange hacks, ongoing regulatory issues, and reports of an investigation into possible price manipulation have sent the price of Bitcoin – and nearly every other cryptocurrency – tumbling. Despite these setbacks, the growing consensus is that, given Bitcoin’s inherent resiliency, developments taking place in both technical and financial arenas will enable Bitcoin’s value to retake its ascending trajectory with even greater intensity.
It has become apparent over the weekend there is still a lot of negative pressure across all cryptocurrency markets. All of these major currencies are still in the dirt, with the EOS price taking the biggest hit of them all. This most recent 14.24% setback is worrisome for altcoin speculators, albeit not entirely unexpected when looking at the bigger picture.
In the cryptocurrency world, there is hardly ever any positive price momentum over the weekend. It seems this weekend may prove to offer something different, as the EOS price has risen by 3.93% already. This makes it one of the bigger “gainers” over the past 24 hours, and seemingly spells more positive momentum may be looming on the horizon.