By CCN Markets: Canada’s largest chain of pharmacies announced a big partnership at the World Cannabis Congress on Monday. Shoppers Drug Mart will be working with TruTrace Technologies (until recently known as BlockStrain) to bring blockchain-based verification to the medicinal marijuana market. If successful, it could help power cannabis stocks higher as more doctors become comfortable with prescribing the drug. For interested investors, TruTrace’s stock trades as symbol “TTT” on the Canadian stock exchange. Shoppers Drug Mart operates roughly 1,300 pharmacies in Canada and already sells various products containing marijuana. It hopes to make doctors and patients feel more secure.
By CCN.com: The 24-hour period didn’t see much ultimate change in the Bitcoin price or the other few top cryptocurrencies. Litecoin overtook Stellar, however, following a rebranding earlier this week. Bitcoin Price Poised for a Breakout?: As noted by technical analysts Paul McNeal and Brian Swanny, a breakout in either direction may be imminent after
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Dow Jones Industrial Average futures traded down slightly in pre-market trading on Friday as the blue-chip index fought to hold above 24,000 and extend a five-day winning streak as the US government shutdown hit the three-week mark. Dow Futures Dip Below 24,000 As of 8:36 am ET, Dow futures implied losses of 60 points or … Continued
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In an earlier report about the Bezos divorce, CCN wondered if Jeff Bezos and his wife MacKenzie had used a prenuptial agreement when they were married in 1993. Perhaps unfortunately for Jeff, they did not, TMZ reports. Was Jeff Bezos Cheating? Reportedly, Jeff Bezos has been officially carrying on a relationship with married Lauren Sanchez … Continued
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Another week, another low. Bitcoin’s market has been bleeding relentlessly for weeks and now, after falling 50% in value in just one month, the market has managed to break south of a major bearish consolidation pattern called a bear pennant:
Figure 1: BTC-USD, 4-Hour Candles, Bear Pennant Breakout
This is a massive bear pennant with a staggering $ 2,000 measured move. In layman’s terms: The price target for this breakout would be approximately $ 1,700, after all is said and done. Now, it’s important to note this is just a projection and it isn’t a guaranteed trajectory, but this setup should not be underestimated. However, if we look at a macro view of bitcoin price levels, the $ 1,700 price range is confluent with a strong support level:
Figure 2: BTC-USD, Daily Candles, Price Target
Bitland, one of the first startups to use blockchain technology to create a land registry, has been named to Time Magazine’s “50 Most Genius Companies” list. Time asked its global network of correspondents to nominate businesses that are inventing the future, then evaluated candidates on originality, influence, success, and ambition. The companies are listed in alphabetical order.
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Okay, we understand that cryptocurrency does not contain the word ‘Good’ however, it goes without saying that Ripple’s latest announcement is one that certainly does put the ‘good’ in crypto.
Ripple for Good is the latest announcement from the Ripple team. Ripple for Good aims to focus on funding new projects within education and financial inclusion. Ripple for Good came as a result of around $ 80 million in funding donations, with an additional $ 25 million coming from Ripple directly.
Stablecoins are becoming big business these days. In a $ 15 million deal, Andreessen Horowitz’s a16z crypto fund is buying 6 percent of the total MakerDAO maker (MKR) token supply. The investment will give a16z a financial and governance stake in the dai stablecoin.
Goldman Sachs is struggling to find a way to trade bitcoin.
The financial services giant has scratched its plans to open a desk for trading cryptocurrencies, at least for the near term, according to a Business Insider report on September 5, 2018.
Cryptocurrency markets seemed to respond negatively to the news. Bitcoin dropped roughly 5 percent, falling below $ 7,000. The rest of the top five cryptocurrencies by market cap toppled by more than 12 percent.
Rumors of Goldman setting up a crypto trading desk to make markets in digital currencies, such as bitcoin, have been circulating since December 2017.
The U.S. Securities and Exchange Commission (SEC) has postponed the review of Bitcoin ETFs proposed by investment firm Direxion Asset Management, as it needs more time to study the proposal before reaching a final decision. In the July 24, 2018, edition of the Federal Register, the SEC said it was postponing its decision on the five ETFs till September 21, 2018.
The five ETFs, which were filed in January, include Direxion Daily Bitcoin Bear 1X Shares, Direxion Daily Bitcoin 1.25X Bull Shares, Direxion Daily Bitcoin 1.5X Bull Shares, Direxion Daily Bitcoin 2X Bull Shares, and Direxion Daily Bitcoin 2X Bear Shares.
The current cryptocurrency market situation doesn’t exactly instill a lot of confidence. That is only to be expected, considering how all of the top markets are in the red once again. The Bitcoin Cash price has lost 5.2% over the past 24 hours, which make sit one of the bigger “losers” in the top fifteen.
Bitcoin Cash Price Decline is Very Real
It is evident there is a lot of bearish pressure across all of the cryptocurrency markets for some unknown reason. Turning that situation around will not be easy whatsoever, but it seems there will be a lot of positive momentum later this year. That is what the experts expect, at least, but the current Bitcoin Cash price momentum isn’t exactly all that great.
Copy traders give permission for investment decisions made by a more knowledgeable trader to affect a portion of the funds in their own trading accounts.
The startup CoinPennant plans to elevate this concept by channeling advice from established traders for those who want to enter the fast-paced cryptocurrency investment space by using a combined social network and blockchain-based copy trading platform.
Companies like eToro and ZuluTrade already provide copy trading services for foreign currency trading, and they have also ventured into cryptocurrency. CoinPennant wants to specialize in the cryptocurrency space by reinventing copy trading on a blockchain-based platform.